Economy

US rig count declines by five

US rig count declines by five

In the same week a year ago, there were 861 active rigs. Brent crude was trading up on the day as well, by $0.58 (+1.01 percent) at $58.29 down roughly $2.50 per barrel for the week. Year-to-date, the...

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Delta: Passenger Without Ticket Removed from Flight in Orlando

Delta: Passenger Without Ticket Removed from Flight in Orlando

Delta Airlines, the Transportation Security Administration and the Federal Bureau of Investigation have also been notified and announced they are investigating the Saturday incident. 'Well, this is j...

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UAW talks take turn for worse; settlement not near

UAW talks take turn for worse; settlement not near

GM made an offer to the union that basically repeated one the UAW had previously rejected, Terry Dittes, the UAW vice president in charge of the GM department, said in a letter to members. A "UAW On S...

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HSBC to cut up to 10,000 jobs in drive to reduce costs

HSBC to cut up to 10,000 jobs in drive to reduce costs

European banks including Deutsche Bank AG, Societe Generale SA and Barclays Plc are cutting thousands of jobs as low interest rates and a slowing economy weigh on their prospects. The lender refused t...

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India cuts rates for 5th time amid economic slowdown, banking woes

India cuts rates for 5th time amid economic slowdown, banking woes

The GDP growth will recover to 7 per cent in 2020-21, it said, adding the near-term outlook of the economy is "fraught with several risks". The Indian consumers' confidence in the economy and empl...

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Iranian Company Replaces China In South Pars Project

Iranian Company Replaces China In South Pars Project

Iran's crude oil exports were cut by over 80 percent as soon as the usa re-imposed sanctions following President Donald Trump exited Iran's 2015 atomic bargain with world powers this past year. C...

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PayPal withdraws from Facebook's Libra cryptocurrency

PayPal withdraws from Facebook's Libra cryptocurrency

United States payments processor PayPal Holdings Inc said on Friday it is leaving the Libra Association , making it the first member to exit from the Facebook-led effort to build a global digital...

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Tim Cook Confirms That Apple Will Not Launch Its Own Cryptocurrency

Tim Cook Confirms That Apple Will Not Launch Its Own Cryptocurrency

The technology executive went on to say that he isn't comfortable with "the idea of a private group setting up a competing currency", seemingly referencing Facebook's Libra - backed by massive corpo...

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Imperial Brands CEO Alison Cooper to step down

Imperial Brands CEO Alison Cooper to step down

The company also makes Davidoff and Winston cigarettes. Analysts say the timing of the move is curious, given the sector's troubled times with the United States threatening to ban e-cigarettes from ...

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USA economy added 136,000 jobs in September

USA economy added 136,000 jobs in September

Although the pace of hiring has slowed considerably since a year ago, this most recent report from the Labor Department showed some encouraging signs: Both July and August's jobs reports were revise...

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King Arthur Flour widens recall over potential E. coli contamination

The recall impacts some lots of its Unbleached All-Purpose Flour in 5- and 25-pound bags. Milled in Buffalo, New York at the ADM plant, the recalled flour was sold online, via catalogue, and at the ...

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Insurance competition not working well for all customers, finds FCA

Insurance competition not working well for all customers, finds FCA

In particular, the FCA found that insurers often sell policies at a discount to new customers and increase premiums when customers renew, targeting increases at those less likely to switch. "While tod...

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USA unemployment rate falls to 3.5%, job growth steady

USA unemployment rate falls to 3.5%, job growth steady

Unemployment is at its lowest in 50 years in September at 3.5 percent, with nonfarm payrolls increasing by 136,000, according to the Labor Department's report on Friday. The unemployment rate for Lat...

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Oil extends losses to near two-month low as economic gloom weighs

Oil extends losses to near two-month low as economic gloom weighs

World equity benchmarks hit their lowest levels in a month on Wednesday as signs of a slowdown in USA economic growth and weak earnings in Europe fanned fears the global economy could slip into recess...

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Promoter arrest sends HDIL down for 15th session in a row

Promoter arrest sends HDIL down for 15th session in a row

PMC Bank is said to have advanced between a third and two-thirds of all its loans to HDIL , now undergoing bankruptcy proceedings. An FIR registered by the EOW has accused the bank's management ...

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Where to score free tacos, deals for National Taco Day

Where to score free tacos, deals for National Taco Day

At Tijuana Flats , the fun is lasting all weekend long - score two tacos, chips and a drink for just $5.99 up until October 6! They'll also have tacos al pastor on the vertical trompo. Jack In The ...

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RBI cuts repo rate by 25 basis points to 5.15%

RBI cuts repo rate by 25 basis points to 5.15%

Moneycontrol Deputy Executive Editor Ravi Krishna tells Shraddha Sharma why the market was disappointed with the rate cut and what's next in store. RBI has said that there is space to cut repo rates...

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Markets Right Now: After early stumble, stocks end higher

Markets Right Now: After early stumble, stocks end higher

Global markets were further uneased after the US announced late Wednesday that it planned to slap tariffs as high as 25% on $7.5 billion of European imports ( link ), after the WTO ruled the EU improp...

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USA factory activity falls to 10-year low

USA factory activity falls to 10-year low

The August result marked the first drop in three years. The focus is now on the Labor Department's more comprehensive jobs report on Friday for further clues on the health of the US economy. -China ...

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EU's Tusk

EU's Tusk "unconvinced" about UK Brexit proposal

The biggest difference is that the controversial Irish backstop - to guarantee an open border between Northern Ireland and the Republic of Ireland - is scrapped. After being briefed by EU Brexit neg...

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Visa, Mastercard reconsider backing Facebook's Libra

Visa, Mastercard reconsider backing Facebook's Libra

He declined to comment specifically on whether Stripe has hesitations about signing the charter. Facebook has had to state that if they do not get regulatory greenlights across the globe there may...

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Not just cabs, Uber may soon help you find jobs

Not just cabs, Uber may soon help you find jobs

Uber will focus on making the app successful in Chicago, where it has already operated in a test phase for the past year, before introducing it elsewhere, it added. The app will provide information on...

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New Chevrolet Corvette Convertible gets folding hardtop

New Chevrolet Corvette Convertible gets folding hardtop

Interestingly, more hardcore versions of the Corvette road vehicle, like a future ZR1 , are rumored to receive turbocharged V-8s as well, so perhaps the engines will be common, or at least share so...

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Google Court Case For Tracking Safari Users Receives Go Ahead

Google Court Case For Tracking Safari Users Receives Go Ahead

Legal action brought against Google for allegedly tracking the personal data of four million iPhone users can go ahead in the United Kingdom, three judges have ruled . It said at the time that no p...

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Las Vegas massacre survivors, families reach $735 million settlement with MGM

Las Vegas massacre survivors, families reach $735 million settlement with MGM

Hundreds of lawsuits have been filed against the owner of the resort where the gunman opened fire into an outdoor concert on October 1, 2017. The settlement agreement is expected to be between $73...

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Samsung Pay now offers global money transfers for USA users

Samsung Pay now offers global money transfers for USA users

By the way, this is something that Apple Pay and Google Pay don't offer just yet, which makes Samsung seem like a pioneer of sorts. Users of Samsung Pay in the United States will be able to tran...

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Wall Street steady ahead of service sector data

Wall Street steady ahead of service sector data

It was the second down day in a row. " This is a bad number, fitting in with the world's manufacturing recession ", Jim Bianco, head of Bianco Research in Chicago, said of the ISM report. Petersburg...

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Johnson makes one last Brexit offer

Johnson makes one last Brexit offer

Prime Minister Theresa May. Johnson said the plan was "a compromise by the U.K. And I hope very much that our friends understand that and compromise in their turn". Johnson promised the "renewable...

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Tesla shares fall despite record delivery numbers after missing Elon Musk's target

Tesla shares fall despite record delivery numbers after missing Elon Musk's target

Deliveries of all models rose 1.9% from the second quarter to 97,000 vehicles, including 79,600 Model 3 sedans and 17,400 Model S/X SUVs, below estimates of 97,477 vehicles. It also said the delivery ...

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Forever 21 plans to close most Cincinnati-area locations

Forever 21 plans to close most Cincinnati-area locations

The Forever 21 store at the Mall of America is included among almost 180 locations slated to close after the retailer filed for bankruptcy Sunday. The worldwide fashion retailer announced Monday (Ma...

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GM lays off 6,000 workers in Mexico due to parts shortage

GM lays off 6,000 workers in Mexico due to parts shortage

About 48,000 UAW members went on strike on September 16 seeking higher pay, greater job security, a bigger share of the leading US automaker's profit and protection of health-care benefits. GM workers...

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Australia's big four banks fail to pass on full rate cut

Australia's big four banks fail to pass on full rate cut

In his statement on Tuesday, RBA Governor Philip Lowe said the board made a decision to cut again in an attempt to eat into persistent labour market slack amid signs employment growth is likely to slo...

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WTO to back United States tariffs on Europe in clash over Airbus subsidies

WTO to back United States tariffs on Europe in clash over Airbus subsidies

After earning a series of victories in that equally epic case, Brussels asked a WTO arbitrator to give it permissions to slap retaliatory tariffs on Dollars 12 billion in USA goods . In contrast, the...

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US MIDDAY: Soya, corn futures rally

US corn, soybean and wheat futures fell on Wednesday on a round of technical selling after posting sharp gains earlier this week, traders said. Most active corn futures were up 0.6% at $3.90-1/2 and...

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Sydney slides on UBS global property bubble index

Sydney slides on UBS global property bubble index

Munich, Germany, which has seen real prices double over the last 10 years, is at the greatest risk of a bubble, according to the UBS report, with two other European cities, Amsterdam, Netherlands, a...

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