Markets

by | December 23, 2018 | 05:16

Another day of big losses today left the USA market with its worst week in more than seven years. Chairman Jerome Powell , speaking at a press conference after the decision on Wednesday, stressed that policy was not on a preset course. But consider: policymakers' first public estimates of the "longer run" federal funds rate ran from 3.75 to 4.5 percent. He added: "They are anxious about the market reaction to their FOMC meeting, not Trump".

by | December 22, 2018 | 10:40

The NASDAQ ended at 6,528, down 1.6 percent. "Fear about a USA government shutdown is playing into the mix too". Stocks were down Thursday as the market reacted to fallout from the Federal Reserve's interest rate hike and concerns over a potential government shutdown.

by | December 22, 2018 | 09:55

Bond prices rose, sending yields sharply lower. The yield on the 2-year Treasury note fell to 2.63 percent from 2.65 percent. That's a substantial move for that benchmark lending rate. For now, most US economic barometers are still showing strength. And a renewed USA push against alleged intellectual property theft by Chinese nationals is contributing to uncertainty over the direction of the simmering trade conflict.

by | December 22, 2018 | 06:13

Engine block heaters are particularly popular in Canada, as they allow engines to start and warm up faster in extreme cold temperatures. According to the notice submitted to NHTSA, water and contaminants can corrode and damage the heater cable's splice connector and cause a short.

by | December 22, 2018 | 04:14

The lawyer has previously declined to return calls regarding the Ghosn case. Mr Ghosn's release on bail seemed likely yesterday after a Tokyo court rejected an application to question him for ten more days on allegations that he had lied to regulators about his pay.

by | December 22, 2018 | 04:24

The hike will mean higher borrowing costs for many consumers and businesses. "I think the run-off of the balance sheet has been smooth and has served its goal, and I don't see us changing that", Powell told reporters after the Fed raised its Federal funds rate to a range of between 2.25 per cent to 2.5 per cent.

by | December 21, 2018 | 08:46

Investors are now looking to a major speech by President Xi Jinping on Tuesday to mark the 40th anniversary of China's market reforms and opening up. However mixed data outcome in US macro calendar which saw PMI's and Industrial/Manufacturing production data fall despite upbeat retail sales data hinted at slowdown in business growth which weighs down prospect for fed rate hikes in 2019 capping EUR/USD's decline and helped the pair rebound from the lows and settle above 1.13 handle as ...

by | December 21, 2018 | 05:37

The files were then deleted from the link provided by Amazon but he had already downloaded them on to his computer, added the report from c't, part of German tech publisher Heise. Its unclear if the individual whose privacy was breached was even aware that such recordings of himself existed. A female voice was also present on some of the recordings.

by | December 21, 2018 | 06:26

The scandal has shaken the Nissan-Mitsubishi-Renault alliance, with Nissan Chief Executive Hiroto Saikawa calling for changes to weaken the clout of Renault , which owns a controlling stake in Nissan. "I think that the prosecutors failed to prove the seriousness of the case". Disagreements within the world's biggest automotive alliance that was spearheaded by Ghosn have all but exploded since his arrest.

by | December 21, 2018 | 05:45

Hong Kong's Hang Seng was 0.1 percent higher at 25,835.66. Exxon Mobil fell 2.7%, Chevron lost 2.4% and ConocoPhillips dropped 1.9% as the US and Russian Federation continue to pump at record levels ahead of planned output cuts by the Organization of the Petroleum Exporting Countries and its allies.

by | December 21, 2018 | 03:42

He added that Russian Federation only wishes to carve out a respectable seat at the table, one in which Moscow has equal standing with other major powers. Signed by then Soviet Union Secretary General Mikhail Gorbachev and US President Ronald Reagan in 1987, the agreement is deterrent in nature and was largely created to prevent prospects of a full-scale nuclear war in Europe.

by | December 21, 2018 | 03:03

Morocco's central judicial investigations office said it was looking into a possible "terrorist motive". The bodies were found on Monday morning by French tourists hiking nearby. Government spokesman Mustapha Khalfi described the killings as a "criminal and terrorist act", while Prime Minister Saad Eddine El Othmani called them a "stab in the back of Morocco and Moroccans".

by | December 21, 2018 | 03:16

THC, or tetrahydrocannabinol, is the ingredient that provides pot users with a buzz while CBD, or cannabidiol, is a non-intoxicant that has medicinal properties. The regulations say cannabis-infused alcoholic products would not be permitted in Canada , except where the alcohol content is minimal, such as in tinctures meant to be consumed a few drops at a time, and they would have to be labelled as non-alcoholic.

by | December 21, 2018 | 04:01

A spokesperson for the Brexit department said: "The language on gov.uk has been updated to reflect Tuesday's cabinet decision to enact the remaining elements of our no deal preparations". Leadsom said the government intends and expects to get May's deal through parliament when it brings it back for a vote in mid-January. "It is using an income-based system which allows derivatives traders free movement but which excludes nurses, social care workers and other professions in which we have ...

by | December 21, 2018 | 03:27

He will meet with House Leadership and members of the Freedom Caucus at the White House Thursday afternoon to discuss the inclusion of border security in the bill. Carlos Curbelo. But a partial shutdown would occur at midnight Friday on the remaining one-fourth of the government. Just last week Trump said he would be "proud" to shut down the government over it.

by | December 21, 2018 | 03:21

The US Treasury announced a new set of sanctions on Wednesday against Russian individuals and entities over what it called Russia's "continued disregard for worldwide norms". The announcement of new sanctions came the same day the Treasury Department announced it was lifting sanctions on some Russian firms, including aluminum giant Rusal and EN+ Group, the company that holds Russian oligarch Oleg Deripaska's stake in the Russian aluminum firm.

by | December 21, 2018 | 03:08

More than 20,000 people have donated in just four days since the campaign launched, racking up a staggering $2 million (as of time of writing). The page's fundraising goal is set at $1 billion, what he said was the upper limit for the site, but he actually wants to raise five times that amount to finance the entire wall project.

by | December 20, 2018 | 03:02

The publication says it interviewed over 60 people, including "former employees of Facebook and its partners, former government officials and privacy advocates" and reviewed over 270 pages of internal Facebook documents. Microsoft echoed this, saying its Bing partnership ended in February 2017, and that "throughout our engagement with Facebook, we respected all user preferences".

by | December 20, 2018 | 02:58

The Chinese market is one of the fastest growing aviation markets in the world, soon to overtake the United States in the coming decade. Congratulations to Boeing for delivering the first 737 MAX from Zhoushan. "Yeah, of course. It's a challenging environment", John Bruns, President of Boeing China, told reporters on a conference call earlier on Saturday. "This is a significant milestone of Boeing's efforts to deepen its footprint in China, as well as to support the growth of China's ...

by | December 20, 2018 | 01:06

The Chinese electric auto manufacturer Nio presents its second model. The SUV's bodywork is made entirely of aerospace-grade aluminum while some structural parts of the chassis are built from high-strength carbon fiber. First deliveries of the new customers will start in June 2019. In addition to the G4 Beijing-Hong Kong-Macao Expressway network, NIO plans to install power stations on more expressways based on user needs.

by | December 20, 2018 | 00:30

Asked whether there could be further personal income tax cuts, Treasurer Josh Frydenberg said the government had a track record to uphold. Next year the Budget is expected to move into surplus, for the first time in 11 years. But that will barely even pay for a "sandwich and a milkshake" tax cut. "Today's update shows the Australian economy is on the right track, giving us much to look forward to".

by | December 19, 2018 | 08:01

Global benchmark Brent lost $1.93, or 3 percent to trade at $57.68 a barrel after earlier dropping to $57.20, a 14-month low. Brent has fallen more than 4 per cent in the past three sessions so far. EST (1553 GMT), its weakest since September 2017. The group's efforts to balance the market have been undermined by the the relentless growth in USA shale, which veteran crude trader Andy Hall said is making it harder to predict global supplies.

by | December 19, 2018 | 05:55

The White House applauded O'Connor's ruling, but said the law remains in place while appeals proceed. "While we remain extremely disappointed in this decision, this is going to be a lengthy legal process and while it continues, we are assuring Blue Cross and Blue Shield members that their health coverage and the financial assistance they may be receiving to help them afford it remains in place", said Justine Handelman, senior vice president in the office of policy and representation at the ...

by | December 19, 2018 | 03:32

It is highly unusual for a president to be publicly vocal in any criticism of the Fed , though many presidents have complained privately about higher interest rates. economy is still healthy, allowing policymakers to raise rates for now, some "cracks" are beginning to show in key sectors like housing, which are set to spill over into slower growth in the rest of the economy next year.

by | December 19, 2018 | 03:30

OPEC's output agreement with Russian Federation and Canada's decision to mandate production cuts could create an oil market supply deficit by the second quarter of next year, if top producers stick to the deal, the International Energy Agency said in its monthly Oil Market Report.

by | December 19, 2018 | 02:48

And not just any regular glitter bomb, the box was equipped with four phones to capture the reaction of the thieves when they open the package and track their location as well. "Something needs to be done to take a stance against dishonest punks like this", Rober said in a now-viral YouTube video . Once completed, he slapped a packing label addressed from the " Home Alone " character Kevin McCallister to movie villains Harry and Marv - a nice, figurative bow on the present.

by | December 18, 2018 | 06:31

The McDonald's employee reportedly refused and Gallagher left the fast-food chain before police were called. He returned to the restaurant shortly after - and this time a cop was waiting for him. But cops didn't see the amusing side, and Gallagher has now been charged with marijuana possession, as well as driving under the influence. The man, identified by Local10.com as 23-year-old Anthony Gallagher , acknowledged that he offered to trade marijuana for food, but insisted he only did so ...

by | December 18, 2018 | 03:55

Police sealed off the street although no one collecting the notes was arrested and only a small amount was recovered. Wong is believed to have set up a company named Coin's Group previous year, with an office in Tsuen Wan, teaching people to trade virtual currencies while using his Facebook account to promote his "bright history" of investment and show off his wealth.

by | December 18, 2018 | 01:31

Google's decision to expand in NY comes weeks after Amazon, the ecommerce group, selected the city as one of the two sites for its second headquarters. The move is a major part of Google's expansion plans in the city that will let it more than double its headcount in NYC, to over 14,000 workers, over the next decade.

by | December 17, 2018 | 15:00

Robinhood plans to run the checking account through its brokerage arm and not a bank. Robinhood was not immediately available for comment when contacted by email Friday. The Securities Investor Protection Corp [SIPC] has said that the deposited funds may not be eligible for protection. Wealthfront's accounts will feature FDIC insurance via an as-yet undisclosed partner.

by | December 17, 2018 | 15:03

Recalled products should be thrown away or returned to the store where they were purchased. While no products have yet tested positive for E. coli, Adam Bros Farming said it is initiating the voluntary recall in cooperation with the FDA "out of an abundance of caution".

by | December 17, 2018 | 14:57

A statement from Carnival Cruise Line said the ship has joined in the search-and-rescue efforts. Utilizing a motorcycle-like vehicle carrying up to two riders at a time, BOLT will launch guests around the almost 800-foot-long track, which will culminate with a hairpin turn around the ship's iconic funnel.

by | December 17, 2018 | 14:57

The recall is due to possible E. Coli contamination, although none of it has tested positive for the bacteria. Family Farms in Santa Maria tested positive for E. "The Adam Bros. Farming, Inc. feels a strong commitment to its customers and has worked for years to provide a safe and healthy food supply", wrote the farm in a statement.

by | December 17, 2018 | 14:04

The US now charges a 27.5 percent tax on imported cars from China after adding a 25 per cent additional tariff during the trade row. The suspension marked a second concession made by the Chinese regime amid a trade truce with the United States following a meeting between President Donald Trump and Chinese leader Xi Jinping on the sidelines of the G-20 Summit in Argentina on December 1.

by | December 16, 2018 | 11:07

That's different from a long-held view that the boundary is at 62 miles. Branson founded Virgin Galactic back in 2004, shortly after Musk started SpaceX and Bezos started Blue Origin. Since then, the world's space agencies have relied on Russian Soyuz rockets to ferry astronauts to the International Space Station. Sir Richard Branson celebrate Virgin Galactic's first spaceflight.