Economy

Fed’s Powell Is ‘100%’ Safe, Trump Adviser Hassett Says

Fed’s Powell Is ‘100%’ Safe, Trump Adviser Hassett Says

They added: 'Mnuchin is under the gun'. So far, Trump has publicly backed Mnuchin, calling him a "very talented" guy , however, Trump's past praise has meant little when the mercurial POTUS decide...

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Blue sky at night lights up social media in NY

Blue sky at night lights up social media in NY

According to the NYPD's 114th Precinct, a transformer explosion occured on Astoria East & North Queens at Con Edison's power plant. Con Ed confirmed that the airport was running on generator power. S...

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Fed chair’s job is not in jeopardy, White House economic adviser says

Fed chair’s job is not in jeopardy, White House economic adviser says

President Donald Trump had attacked Powell earlier in the week as the only problem the economy faces. "So I think it's a tremendous opportunity to buy ". The Fed hiked interest rates again last wee...

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Chinese firms ask workers to shun iPhones, buy Huawei devices

Chinese firms ask workers to shun iPhones, buy Huawei devices

Some companies have tougher approach essentially threatening to punish employees who use Apple products . In one such move, a Chinese company has apparently told its employees that those using App...

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Tokyo court OKs release of Nissan's Kelly, rejecting prosecutors' appeal

Tokyo court OKs release of Nissan's Kelly, rejecting prosecutors' appeal

Tokyo District Court said the American Kelly will be released on 70 million yen ($635,600) bail. Ghosn will remain in Tokyo's main detention center, where he has been confined since his arrest ...

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Ohio’s minimum wage increasing in 2019

Ohio’s minimum wage increasing in 2019

The institute said the increases will boost wages for affected workers by about $5.4 billion. More than two years after Governor Andrew Cuomo declared victory in the Fight for $15 campaign, an ini...

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Land Rover Defender returns to the U.S., and that's awesome as hell

Land Rover Defender returns to the U.S., and that's awesome as hell

Land Rover announced Thursday that the next-generation Defender will once again be offered for sale in the USA and Canada. The previous-generation Defender's rugged, squared-off design remained mos...

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Shoppers queue outside Capital stores for Boxing Day bargains

Shoppers queue outside Capital stores for Boxing Day bargains

Bargain shoppers and those with Christmas cash to spend were up extra early this morning looking for local Boxing Day deals. Shoppers there were expected to spend £50m over the course of the day...

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Trump asked officials if he can legally fire Fed chair

Trump asked officials if he can legally fire Fed chair

The mixed regional bag came after Mnuchin spent much of the weekend in damage control mode following multiple media outlets reporting that Trump had privately asked cabinet members if he has the autho...

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Boxing Day Sales: queues hours before Cardiff shops open

Boxing Day Sales: queues hours before Cardiff shops open

He said: "It has been busier for longer as well". Shoppers inside the Next store on Princes Street, Edinburgh. Clothing chains such as Primark, Superdry and online retailer ASOS warned of weak sal...

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Trump May Ban US Firms From Cooperating With Huawei, ZTE in January

Trump May Ban US Firms From Cooperating With Huawei, ZTE in January

The company has repeatedly denied the allegations. A new United States government move targeting Apple rival Huawei and fellow Chinese telecom company ZTE may come as early as the beginning of 2...

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US Treasury chief to confer with top market regulators

US Treasury chief to confer with top market regulators

The S&P 500 index fell 43 points, or 1.8 percent, to 2,373 as of 11:51 a.m. The stock market is on track for its worst year in a decade , with many sectors down more than 20 percent - technically a...

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DJIA rallies over 1000 points in a strong post Christmas recovery

DJIA rallies over 1000 points in a strong post Christmas recovery

Global stock markets have been suffering an abysmal December. If current levels hold, it would be the worst December on record for the major USA markets, despite generally strong economic fundamenta...

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RBI Sets Up Bimal Jalan-Led Panel On Economic Capital Framework

RBI Sets Up Bimal Jalan-Led Panel On Economic Capital Framework

The other members are Economic Affairs Secretary Subash Chandra Garg, RBI Deputy Governor N.S. Vishwanathan and two board members of the RBI - Bharat Doshi and Sudhir Mankad. The government has be...

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Flight attendant working on Christmas joined by father on every flight

Flight attendant working on Christmas joined by father on every flight

It is the season for generous gestures. "We appreciate all of our employees for working during the holidays to serve Delta customers, and love seeing this awesome Dad having the chance to spend Chri...

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Government tightens norms for e-commerce companies, bans exclusive sales

Government tightens norms for e-commerce companies, bans exclusive sales

Industry experts have said that over 60% of Amazon's sales in the U.S. come from its inventory, while third-party sellers account for the rest. The government also banned the online retailers from e...

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Thousands remain without power almost a week after B.C. windstorms

Thousands remain without power almost a week after B.C. windstorms

Upwards of 700,000 customers lost power after Thursday's storm, and by Boxing Day, the lights were still off in about 7,000 homes on Vancouver Island and in the Southern Gulf Islands. The utility sa...

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Man learns his wife is cancer-free, then wins $1 million dollars

Man learns his wife is cancer-free, then wins $1 million dollars

Borgata reported that the huge win on a $5 bet was a first for the casino since opening in 2003. The dealer's hand was the nine, jack and kind of diamonds. "She told me, 'You're full of crap.' I was d...

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China announces new round of tariff cuts for 2019

China announces new round of tariff cuts for 2019

China imposed a 25 per cent tariff on soybeans in July in response to USA tariffs on Chinese goods that caused a sharp drop in imports. "Though the volume of alternative meal imports is not that hug...

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Analyst Consensus Target Update on Shares of Canopy Growth Corporation (ASX:CGC)

Discovery, Inc .'s beta is N/A whilst the stock has an average true range (ATR) of 1.06. ATRP allows securities to be compared whereas ATR does not. CGC institutional ownership is held at 0% whi...

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2 arrested over UK's Gatwick Airport drone chaos

2 arrested over UK's Gatwick Airport drone chaos

The concession that the drone may not be real comes after a couple from Essex were arrested and released without charge after being cleared of any involvement. There had been more than 50 sightings ...

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Shoppers rush to get last-minute holiday gifts

The Beer Store will be closed Christmas Day but will be open from 10 a.m.to 6 p.m. on Boxing Day . The Buffalo Wild Wings chain is not only open, but wants to give you the space to hold your ow...

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Argus Remains Bullish On Oil As Prices Plunge Below $45

Argus Remains Bullish On Oil As Prices Plunge Below $45

Investors flocked to safe-haven assets such as gold and government debt at the expense of crude oil and stocks, analysts say. Oil fell on Monday, in line with another decline across global stock mar...

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After the bitcoin crash, dreams die hard for Wall Street's crypto bankers

After the bitcoin crash, dreams die hard for Wall Street's crypto bankers

Goldman Sachs cutting edge of cryptocurrencies has been slow to say the least. Many people in the industry are now found saying that it was idealistic to have expected last year's frenzy to translat...

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Binance To List Ripple Based Trading Pairs

Binance To List Ripple Based Trading Pairs

Via anofficial announcement made just a few minutes ago, a spokesperson for Binance took to the internet to announce that the firm has formally added two new trading pairs to its native platform int...

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Dena Bank merger: State-owned banks to remain closed today in protest

Dena Bank merger: State-owned banks to remain closed today in protest

Around 3.20 lakh officers from various state-run banks were on a one-day strike on 21 December, seeking immediate wage revision and opposing the proposed merger. Tamil Nadu: Visuals of bank strike f...

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Mega Millions Christmas Jackpot Tops $320 Million, Powerball Hits $294 Million

Mega Millions Christmas Jackpot Tops $320 Million, Powerball Hits $294 Million

That victor has until April to claim the prize. CBS New York reports the chance of matching all six Mega Millions numbers is one in 302.5 million. The ticket was sold in SC to someone who has yet ...

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Tokyo stocks dive more than 5% on fears over USA economy

Tokyo stocks dive more than 5% on fears over USA economy

The broader Topix closed 4.88% lower at 1,415.55 after touching 1,412.90, its weakest since November 2016. Wall Street stocks extended their steep sell-off on Monday, with the S&P 500 dropping almos...

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Petrol price hits new low in Delhi

Petrol price hits new low in Delhi

After soaring to the highest peaks in the past few months, petrol and diesel prices finally neutralised in the recent weeks and today have dropped down to the lowest in the past eight months. Any re...

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Oil Prices Fall More Than 2%

Oil Prices Fall More Than 2%

But president of Opec and UAE Energy Minister Suhail al-Mazrouei said that the surplus in the oil market was small compared to 2017 and expected it to vanish in one or two months. Global benchmark Bre...

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USA regulators tell Mnuchin nothing out of ordinary in markets

USA regulators tell Mnuchin nothing out of ordinary in markets

Mnuchin's plan to convene a call with the President's Working Group on financial markets also unnerved investors. The regulators briefed the Treasury secretary on how they would monitor markets duri...

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FT: RBS applies for a German banking licence

FT: RBS applies for a German banking licence

Investors are constantly looking for ways to find success in the stock market. When completing stock analysis, investors and traders may opt to review other technical levels. A commonly used tool am...

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Oil Producers to meet again, if output cut isn’t enough: UAE

Oil Producers to meet again, if output cut isn’t enough: UAE

New Concerns for U.S. Drillers? At 1030 GMT, February WTI crude oil is trading $45.46, down $0.13 or -0.29% and February Brent crude oil at $53.73, down $0.09 or -0.17%. "Today is going to be a...

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The Chinese have released a budget competitor to the Tesla Model Y

The Chinese have released a budget competitor to the Tesla Model Y

It has a battery pack that should last around 230 miles on a single charge. The starting price for a Model 3 in China is now 499,000 yuan, or about $72,000. Tesla signed an agreement with the Shangha...

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Not very merry: US stocks plunge before Christmas

Not very merry: US stocks plunge before Christmas

Mnuchin said the heads of Bank of America, Citigroup, Goldman Sachs, JP Morgan Chase, Morgan Stanley and Wells Fargo all assured him they have ample money to finance their normal operations, even thou...

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