Economy

Fed Minutes: Further Hike 'Warranted Soon,' Debate Opened On Pause

Fed Minutes: Further Hike 'Warranted Soon,' Debate Opened On Pause

Home sales, vehicle sales, business investment and other parts of the economy that are sensitive to interest rates have begun to soften, evidence that the Fed's eight rate increases since 2015 are cha...

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G20 members struggle to agree on trade, mitigation, climate change

G20 members struggle to agree on trade, mitigation, climate change

Larry Kudlow, the top White House economic adviser, this week also told reporters that Trump needed Xi to offer more at his meeting for a breakthrough. The economist in me says the US and Chinese le...

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Canada Post workers forced to end strike

Canada Post workers forced to end strike

If they vote on the bill, postal workers could be back to work by noon Tuesday. But the Canadian Union of Postal Workers (CUPW) has vowed to keep fighting. "This law violates of our right to free co...

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Microsoft catching up to Apple in market value

Microsoft catching up to Apple in market value

This marks a momentous event for the Bill Gates-founded company, since the last time that it was hailed as more valuable than Tim Cook's business was in 2010, as per Business Insider . Since early Oc...

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Audi Debuts Tesla Rival With 590-Horsepower Electric E-Tron GT Concept

Audi Debuts Tesla Rival With 590-Horsepower Electric E-Tron GT Concept

On the performance front, both cars are almost identical as the E-Tron GT has two electric motors that give the concept a combined output of 581 hp (434 kW / 590 PS). The concept e-tron GT will be tra...

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DJ Khaled charged by SEC for cryptocurrency fraud

DJ Khaled charged by SEC for cryptocurrency fraud

Khaled was paid $50,000 to promote Centra Tech , according to the agency. Khaled will pay a $100,000 penalty, $50,000 in disgorgement (money paid back after being received via illegal or unethical ...

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Bank HQ raided amid fraud probe

Bank HQ raided amid fraud probe

Some 170 police officers and investigators from the Frankfurt prosecutor's office were searching six of the bank's premises in and around the city, the prosecutors said in a statement . In 2016 a...

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Take note of This Stock:: Morgan Stanley, (NYSE: MS)

Take note of This Stock:: Morgan Stanley, (NYSE: MS)

Trading activity significantly weakened as the volume at ready counter decreased to 4,822,440 shares versus 11,583,285 in average daily trading volume over the past 20 days. The higher the volume duri...

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Oil tumbles below $50 first time in year on Russian Federation output stance

Oil tumbles below $50 first time in year on Russian Federation output stance

Futures fell 2.5 per cent in NY, following a report by the Energy Information Administration that domestic oil supplies climbed for the 10th straight week, fed by rising imports. London time and vol...

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Tesla China sales plunge 70 percent in October

Tesla China sales plunge 70 percent in October

These sales stats are from October 2018. The source attributed those underperforming sales to the ongoing US-China trade war. But shortly after the Reuters report came out, Tesla released a stat...

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Trudeau meets with Unifor as GM set to shutter Oshawa plant

Trudeau meets with Unifor as GM set to shutter Oshawa plant

The company said its moves will save $6 billion by 2020. The assembly plants include the GM factory in Lordstown, Ohio, which makes the Chevrolet Cruze, the Detroit-Hamtramck plant in MI, where the ...

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Bitcoin extends slide below $4500, new 2018 low

Bitcoin extends slide below $4500, new 2018 low

Bitcoin Cash is seeing some of the largest losses across top 20 coins at press time, down 4.29 percent, and trading around $385 at press time, according to CoinMarketCap . Why has bitcoin prices f...

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Sharp Power: China Forces Dolce & Gabbana to Apologize for 'Offensive' Ad

Sharp Power: China Forces Dolce & Gabbana to Apologize for 'Offensive' Ad

Gabbana in particular has a history of posting insensitive comments on social media, and came under fire for calling Selena Gomez "ugly" on Instagram in June, and the Kardashian family "the most cheap...

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What does Scottish fishing industry think of Theresa May's Brexit deal?

What does Scottish fishing industry think of Theresa May's Brexit deal?

Mr Carney said stress tests on the UK's major lenders reveal that the "core of our financial system is strong" and that major banks have "capital ratios three and a half times higher than before the f...

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Average rental price and vacancy rates for Canadian cities released

Average rental price and vacancy rates for Canadian cities released

The CMHC said Calgary's vacancy rate dropped to 3.9 per cent in October, down from 6.3 per cent a year earlier. The numbers "reinforce what we already knew or what we believed to be the case, which ...

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Tether Resumes Account Verification And Redemption Of USDT To Fiat

Tether Resumes Account Verification And Redemption Of USDT To Fiat

On October 15th, these fears reached a peak when rumors spread that Binance was delisting the stable coin. Bitfinex act towards supporting forks in the market by maintaining a wide variety of ...

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Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

Trump in recent weeks has repeatedly attacked the Fed - and Powell personally - for the central bank's interest rate increases, which the president has blamed for stock market turmoil and signs of eco...

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Oil market wary on nixed signals from Saudi Arabia

Oil market wary on nixed signals from Saudi Arabia

Oil prices fell on Friday to their lowest levels in more than a year, deepening a rapid seven-week sell-off that has plunged crude futures deep into a bear market. Brent has fallen as much as 32 pe...

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Former employee says Facebook failing black people

Former employee says Facebook failing black people

The former Twitter and Reddit employee said that "racial discrimination is real" and that black employees are marginalized. As a serial apologist, Facebook has managed to alienate not just black p...

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Italian Government Sticking To 2019 Deficit Target, For Now

Italian Government Sticking To 2019 Deficit Target, For Now

That could involve fines of 0.2 per cent of Italy's gross domestic product, increasing to 0.5 per cent if Rome doesn't amend its budget. "Changes (in the Italian draft budget) are possible and nec...

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Uber fined £385,000 for losing United Kingdom customer data

Uber fined £385,000 for losing United Kingdom customer data

Alongside customers, it said that the records of nearly 82,000 UK-based Uber drivers -- which included details of journeys made and how much they were paid -- were also taken during the incident. Uber...

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Nasdaq May Soon Launch Bitcoin Futures in 2019

Nasdaq May Soon Launch Bitcoin Futures in 2019

The Nasdaq is now making sure its Bitcoin futures offering satisfies regulations from the Commodity Futures Trading Commission. The company that operates the New York Exchange has been said to be plan...

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Cyber Monday deals to test limits of retailers' websites

Cyber Monday deals to test limits of retailers' websites

By the end of the day, Adobe estimates that shoppers will have spent $7.8 billion in online purchases, making today the biggest online shopping day in USA history - above the record-setting $6.59 bill...

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Maple Leaf Foods officially announces poultry facility for London

Maple Leaf Foods officially announces poultry facility for London

The new facility will span almost 60,000 square metres and employ 1,450 full- and part-time workers once operations begin, which is expected in the second quarter of 2021. McCain, president and CEO, M...

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GM to slash 14,700 jobs in North America

GM to slash 14,700 jobs in North America

Trump said he expected General Motors to start manufacturing another type of auto in OH and that it "had better" do so. GM jumped as much as 7.9 percent to $38.75, the highest since July, as of 1...

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New Tariffs Could Hit Laptops, iPhones, Trump Says

New Tariffs Could Hit Laptops, iPhones, Trump Says

Apple Inc., which has lost a fifth of its value in a tech market rout since October, is poised for another setback after U.S. President Donald Trump suggested that 10 percent tariffs could be place...

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Microsoft has caught up to Apple in market valuation

Microsoft has caught up to Apple in market valuation

At 1:05 p.m. ET, Apple's $812.60 billion market value fell below Microsoft's $812.93 billion, allowing the Redmond, Washington-based tech giant to snatch the world's most valuable company title from...

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Trump suggests Apple iPhones may get hit with 10% tariff

Apple stock is falling in Monday's after-hours session following a report that President Donald Trump may consider instituting tariffs on iPhones. Chinese officials have said their priority at th...

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Bank says customers can keep $100 bills after ATM mistake

Bank says customers can keep $100 bills after ATM mistake

A rogue ATM drew huge crowds after it began dispending $100 bills to customers who requested $20. A customer apparently went to the Bank of America ATM near FM 1960 around 11pm Sunday night to withd...

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GM to close factories in Michigan, Ohio, Canada

GM to close factories in Michigan, Ohio, Canada

GM plans to reduce annual capital spending to $7 billion by 2020 from an average of $8.5 billion a year during the 2017-2019 period. "In the past four years, GM has refocused capital and resources t...

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Ghosn in firing line again as Mitsubishi board meets

Ghosn in firing line again as Mitsubishi board meets

The company speeded up the probe to oust Ghosn swiftly as Nissan officials were increasingly anxious about his plan to review the Renault-Nissan capital tie-up, it said. A new document was produced ...

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Logitech in talks to acquire Plantronics

Logitech in talks to acquire Plantronics

Are you a fan of Plantronics? The announcement came after Reuters reported on the negotiations between Logitech and Plantronics last Friday. Finally, Loop Capital raised their target price on shar...

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Target Cyber Monday Deals are the Best You'll Find: Extra 15% Off

Target Cyber Monday Deals are the Best You'll Find: Extra 15% Off

Shop at Target and not only will you get this gaming counsel $100 off, you'll also receive a $20 Target gift card. "Yes retailers, I'm aware it's Cyber Monday even without the 150 emails", tweeted...

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General Motors plans to close Canadian assembly plant

General Motors plans to close Canadian assembly plant

GM has three other sites in the province of Ontario. Among the possibilities are the Detroit/Hamtramck assembly plant, which makes the Buick LaCrosse , the Chevrolet Impala and Volt, and the Cadi...

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Cheaper trees for the holiday available after this weekend

Cheaper trees for the holiday available after this weekend

One tree seller says you should expect to pay a little more this year. Beth Clark, COO of the Boys and Girls Club of Manatee County, said customers have not commented that they notice any shortage. ...

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