Economy

Kudlow defends Mnuchin's Saudi Arabia trip amid search for missing journalist

Kudlow defends Mnuchin's Saudi Arabia trip amid search for missing journalist

On Monday, industry publication the Hollywood Reporter, citing anonymous sources, said Endeavor was seeking to give back the money and revoke the stake. Aleksandar Mitreski, a security and defence a...

by · Economy
Gary Cohn Has Joined a Blockchain Startup as an Adviser

Gary Cohn Has Joined a Blockchain Startup as an Adviser

Thus former White House employee has reiterated his love for blockchain . Cohn echoed that sentiment in an interview with the Financial Times on October 12 saying his goal is to help Spring La...

by · Economy

Berkowitz Sold 25,700 Shares of Sears Stake Corp (SHLD) Shares

The stock price changed -53.27% in the past week. When we see the company's Volatility, it now has a monthly volatility of 14.16% and weekly volatility of 23.28%. Sears Holdings Corp has a fifty-two ...

by · Economy
Powerball jackpot grows to $345M after no one wins Saturday prize

Powerball jackpot grows to $345M after no one wins Saturday prize

And there's even more fun with $862 million in combined jackpots for Mega Millions and Powerball. The other multi-state lottery game, the Powerball, also has a jackpot with a sizable sum. The last...

by · Economy
Sears files for bankruptcy as the retail apocalypse continues apace

Sears files for bankruptcy as the retail apocalypse continues apace

The longtime American shopping mall anchor is trying to stave off a complete shutdown of not only Sears department stores but the Kmart stores it also owns. The Sears workforce has dwindled to about...

by · Economy
Saudi Arabia government pledges ‘greater action’ if USA retaliates for Khashoggi disappearance

Saudi Arabia government pledges ‘greater action’ if USA retaliates for Khashoggi disappearance

The Saudi Press Agency yesterday cited an official source as saying that "The kingdom affirms its total rejection of any threats and attempts to undermine it, whether by threatening to impose econom...

by · Economy
Air India Air Hostess Seriously Injured After Falling Off Plane In Mumbai

Air India Air Hostess Seriously Injured After Falling Off Plane In Mumbai

A spokesperson for Nanavati Hospital, where the flight attendant was taken, was not immediately available for comment when contacted by AFP . The incident came weeks after more than 30 passengers a...

by · Economy
Sears files for Chapter 11 bankruptcy protection

Sears files for Chapter 11 bankruptcy protection

The company also announced it would close 142 unprofitable stores near the end of the year, in addition to the 46 stores it had already identified. But the company has not turned a profit since 2011...

by · Economy
Saudi vows to 'hit back' at sanctions over Khashoggi

Saudi vows to 'hit back' at sanctions over Khashoggi

Turkish officials have said that they believe Mr. Khashoggi was killed inside the mission and claims have been leaked to media that he was tortured and even dismembered. Turkey has yet to publish an...

by · Economy
Small or small, boy? Pizzas targeted in war on childhood obesity

Small or small, boy? Pizzas targeted in war on childhood obesity

Pizzas in the United Kingdom must shrink or lose their toppings under the government's newly proposed " calorie caps" on thousands of popular foods sold in restaurants and supermarkets to tackle t...

by · Economy
Saudi Arabia hits back at Trump 'threats' of sanctions over missing journalist

Saudi Arabia hits back at Trump 'threats' of sanctions over missing journalist

Almost two weeks since Jamal Khashoggi vanished in Istanbul , the shadow of the Saudi journalist's disappearance continues to loom ever larger. "The Kingdom affirms its total rejection of any thr...

by · Economy
Oil prices hold ground, but set for 4 pct weekly fall

Oil prices hold ground, but set for 4 pct weekly fall

Oil edged further above $80 a barrel on Friday as a rally in equities lent support, though prices pared most of their gain after a closely watched forecaster deemed supply adequate and the outlook fo...

by · Economy
Social Security benefits rising in 2019, biggest hike in 7 years

Social Security benefits rising in 2019, biggest hike in 7 years

While Social Security and Supplemental Income Security beneficiaries are set to see the biggest bump in their monthly paychecks since 2012, some groups are warning it is not enough to cover growing ex...

by · Economy
The UK is ending subsidies on plug-in hybrid vehicles next month

The UK is ending subsidies on plug-in hybrid vehicles next month

It's an unwelcome news for a vehicle industry already struggling with a diesel backlash and Brexit uncertainty, but the rise of popularity of plug-in hybrids has meant a removal of the grant has been ...

by · Economy
Mortgage Requests Fall as Borrowing Costs Hit 7-Year Highs

Mortgage Requests Fall as Borrowing Costs Hit 7-Year Highs

The Refinance Index shows a drop of 3 percent compared with the preceding week, while the Purchase Index dropped 1 percent over the same period. The largest fall in activity came from refinances with ...

by · Economy
Chinese stocks tumble to multi-year lows after Wall St rout

Chinese stocks tumble to multi-year lows after Wall St rout

The benchmark Shanghai Composite Index rose 0.91 per cent, or 23.45 points, to 2,606.91, while the Shenzhen Composite Index, which tracks stocks on China's second exchange, added 0.19 per cent, ...

by · Economy
Fracking to begin in Britain after court ruling

Fracking to begin in Britain after court ruling

Mr Justice Supperstone is expected to give his judgment at noon on an application brought by environmental campaigner Bob Dennett. Mr Dennett claimed that Lancashire County Council's emergency respo...

by · Economy
Woman kicked off plane for bringing emotional support squirrel on board

Woman kicked off plane for bringing emotional support squirrel on board

The airline's statement added that the Orlando Police Department took Torok to the main terminal, adding that she cooperated when police arrived and no arrest was made. That's only one side of the s...

by · Economy
BMW to spend Dollars 4.2 bn for majority stake in China project

BMW to spend Dollars 4.2 bn for majority stake in China project

The plants produced 400,000 vehicles previous year. "We are now embarking on a new era", BMW Chief Executive Harald Krueger said in a speech in Shenyang, northeast China, where the joint venture i...

by · Economy
International Monetary Fund members pledge to avoid using currencies as trade weapon

International Monetary Fund members pledge to avoid using currencies as trade weapon

IMF Managing Director Christine Lagarde said that while global growth is still strong, it has levelled off. China's economy is expected to grow 6.6 percent this year - maintaining an earlier forecas...

by · Economy
Markets Right Now: Dow sinks 500 as bond yields rise

Markets Right Now: Dow sinks 500 as bond yields rise

The benchmark S&P 500 and the Dow Jones industrial average fell almost 1.5 percent and at the day's low had retreated 3.7 percent and 4.5 percent, respectively, from their all-time highs. The trade wa...

by · Economy
Pressure mounts on Theresa May as Brexit summit looms

Pressure mounts on Theresa May as Brexit summit looms

It has also been reported that four more letters demanding a vote of no confidence in the PM were submitted last week, making a total of 44, just four short of the number needed to trigger a vote. In ...

by · Economy
Passengers ready for world's longest flight

Passengers ready for world's longest flight

Now estimated to take 18 hours and 25 minutes on the NOPAC (North Pacific) route, the first flight is booked nearly in its entirety, the BBC reports. Despite the rise in oil prices, several big airl...

by · Economy
This human-like robot can now perform parkour

This human-like robot can now perform parkour

It's a quick trip to the uncanny valley but it's one that we really have to take. In the video below, you can see Atlas breaking another milestone by effortlessly jumping over obstacles and then h...

by · Economy
ETH, BCH, and XRP Plunge 13% as Bitcoin Dips to $6,250: Factors

ETH, BCH, and XRP Plunge 13% as Bitcoin Dips to $6,250: Factors

According to CNBC , in a study released earlier this, Mr Holden said: "If Bitcoin can not make gains in such favourable circumstances, then it is unlikely to prosper as and when these issues are ...

by · Economy
Kentucky Lottery giving away free Mega Millions tickets in Lexington

Kentucky Lottery giving away free Mega Millions tickets in Lexington

An in-state Megabucks Doubler drawing will also take place tomorrow for an estimated $3.3 million in winnings. This weekend's Mega Millions tickets will be available for $2 per ticket and can be pur...

by · Economy
Oil price dips as International Monetary Fund cuts growth outlook; eyes on hurricaneNaija247news

Oil price dips as International Monetary Fund cuts growth outlook; eyes on hurricaneNaija247news

Oil prices could fall next year as the "fear factor" that's now gripping the market subsides, Ian Taylor , chairman of the world's largest independent oil trader Vitol Group, said in an interview w...

by · Economy
Judge may overrule jury’s decision in Monsanto Roundup case

Judge may overrule jury’s decision in Monsanto Roundup case

The California Superior Court Judge says even if she doesn't set aside the punitive damages, she is likely to grant a new trial "on the grounds of insufficiency of the evidence to justify the award fo...

by · Economy
Prime Minister Scott Morrison promises to fast track new business tax cuts

Prime Minister Scott Morrison promises to fast track new business tax cuts

Under current legislation, the company tax rate for businesses with turnovers below $50 million has been reduced from 30 per cent to 27.5 per cent. Mr Morrison believes key crossbench senators who r...

by · Economy
Crude oil slightly higher as Hurricane Michael approaches Florida

Crude oil slightly higher as Hurricane Michael approaches Florida

According to the outlook, Brent crude oil spot prices will average 74 USA dollars a barrel in 2018 and 75 dollars a barrel in 2019. Brent crude futures rose $1.09 to settle at $85.00 a barrel, a...

by · Economy
Economics - Ikea planning expansion into Luxembourg

Economics - Ikea planning expansion into Luxembourg

It has opened 19 new outlets this year and now has 422 in over 50 markets. IKEA's fast expansion in India is marked by a huge response it received in the cyber city of Hyderabad in August. That incl...

by · Economy
Hackers accessed intimate information of 14 million Facebook users

Hackers accessed intimate information of 14 million Facebook users

Previously, Facebook said the attackers gained the ability to "seize control" of those user accounts by stealing digital keys the company uses to keep users logged in. They do not believe the breac...

by · Economy
Elon Musk commits to SEC settlement despite mocking tweets

Elon Musk commits to SEC settlement despite mocking tweets

The deal does not require Musk to admit that he misled investors when he tweeted about taking Tesla private in August at $420 a share. While the company didn't respond to a request for comment, E...

by · Economy
Trump Lashes Out at ‘Loco’ Fed Again, Calling Rate Hikes a ‘Mistake’

Trump Lashes Out at ‘Loco’ Fed Again, Calling Rate Hikes a ‘Mistake’

The US central bank once again is on the firing line following President Donald Trump's unprecedented attacks but is likely to shrug it off and focus on economic data. "The problem in my opinion is Tr...

by · Economy
Facebook's massive tax bill in the UK

Facebook's massive tax bill in the UK

There's always a lot of outrage whenever it's revealed how much tax big companies are paying, generally because it looks as though they're paying an absolute pittance when compared to the rest of thei...

by · Economy