Markets

by | December 23, 2018 | 08:03

Investors fear a recession is coming, and barring huge gains during the upcoming holiday period, when trading is usually quiet, this will be the worst December for stocks since the 1930s. And the Federal Reserve added to those concerns this week by signaling that its rate-increase plan will continue into 2019 despite downgrading its economic growth forecast.

by | December 23, 2018 | 00:34

It will mean higher borrowing costs for many consumers and businesses. An afternoon recap of the day's most important business news , delivered weekdays. On Thursday, the Nasdaq Composite slides to bear market territory, increasing regulatory concerns. "For investors, there's a heck of a lot of small storms to be sailing ships through".

by | December 22, 2018 | 20:05

At the heart of the dispute in the German case are chips made by one of Apple's suppliers used in iPhones, with both parties at loggerheads on how the chips actually work, said the court. They can be sold by third-party retailers, however, and all other models are unaffected. Additionally, the newer iPhone XS, iPhone XS Max and iPhone XR models will still be sold in Germany.

by | December 20, 2018 | 17:33

That is, of course, far short of both the $1 billion goal and the amount Trump wanted for the wall ($5 billion) before he abandoned it in a fight with Democrats over a deal to avoid a partial government shutdown . White House press secretary Sarah Sanders said Tuesday that the administration would be seeking "other ways' to fund the wall, such as by pooling available funds from other government agencies".

by | December 20, 2018 | 15:11

U.S. equity markets were slammed Monday, and on track for a second straight day of losses. On Monday, U.S. President Donald Trump and his top trade adviser stepped up their criticism of the central bank's monetary tightening, raising investor anxiety.

by | December 20, 2018 | 10:55

The Christmas getaway was disrupted at Gatwick Airport when flights were suspended last night after two drones were reportedly spotted flying over the airfield. Gatwick Airport, also known as London Gatwick, is a major global airport near Crawley in West Sussex, southeast England, 29.5 miles south of central London .

by | December 18, 2018 | 15:46

A parrot who has a history of swearing too much has fallen in love with his owner's Amazon Alexa and he keeps using it to go shopping, according to The Independent. NAWT says he's attempted to shop for treats, including strawberries, watermelon, raisins and ice cream. Apart from shopping online, the parrot is an expert to instruct Alexa to play music and songs by Kings of Leon band is apparently Rocco's favourite.

by | December 15, 2018 | 16:30

A rocket ship set to launch from California's Mojave Desert could herald a giant step toward the long-awaited dream of space tourism for Virgin Galactic . COLLIDE's principal investigator, UCF physics and planetary science professor Josh Colwell, said he and his team were excited by the opportunity to be on the inaugural flight to space for Virgin Galactic.

by | December 14, 2018 | 09:04

While there are other factors that have influenced this decline, a major contributor has been the ongoing trade war between China and the US. The U.S.is now imposing a 10 percent duty on imported aluminum and a 25 percent duty on imported steel.

by | December 13, 2018 | 23:14

The final farm bill also provides permanent funding for a number of programs that Congress had agreed to finance on a temporary basis, of five years at a time. The bill exempts pure maple syrup and honey from the FDA's added sugar label - something which the Vermont delegation worked hard to make sure was included in the final language of the bill.

by | December 13, 2018 | 22:55

The next OPEC and non-OPEC ministerial meeting will be held in Vienna, Austria, in April 2019 to review the impact of the deal on the global oil market. Crude oil prices rose early Wednesday, buoyed by expectations of a US inventory reduction, as well as reports of production cuts by OPEC, Libya and Canada.

by | December 13, 2018 | 06:29

Heading in to Friday's meeting in Vienna, Nigerian Petroleum Minister Ibe Kachikwu told reporters he was "hopeful" the nations would be able to reach an agreement. "That isn't nothing, but it's more of a Champagne toast moment for political leaders than a blow-out celebration for statisticians and economists", he said.

by | December 11, 2018 | 04:07

Mr Musk agreed to a settlement that would allow Tesla oversight of his posts on Twitter , specifically of messages that could lead to share price moves. "And I can just call for a shareholder vote and get anything done I want". " Challenged on how this could be determined if no one is actually checking them, he just says that they " might make some mistakes sometimes ".

by | December 11, 2018 | 03:18

However, Uber's IPO brings a positive push that it may open up public debuts of highly valued companies like Slack and Airbnb . Khosrowshahi took over just over than a year ago, and has repeatedly stated publicly he would take Uber public in 2019.

by | December 09, 2018 | 16:17

The transaction is expected to close in the first half of 2019. Canopy has said it will not sell marijuana products in the USA until pot is legalized at both the federal and state level. Altria's offer of C$16.25 a share represents a 16 percent premium from Thursday's closing price. Shares of Cronos Group Inc . jumped 31 percent and neared an all-time high at the opening bell Friday.

by | December 09, 2018 | 14:58

Michael Mabry, chief operating officer at Mooyah, a fast-causal burger chain mostly located the south, says his company has had to raise pay and offer more flexible scheduling to attract new workers. US work development hindered in November and month to month compensation expanded not exactly expected, proposing some control in monetary action that could bolster desires for less loan cost increments from the Federal Reserve in 2019.

by | December 07, 2018 | 15:13

Those calling for a second referendum "want that because they hope there is going to be a different answer - I don't think that's right", she said. Meanwhile an ERG source said members of the Privy Council - senior MPs and former ministers - had been invited to a briefing with the Cabinet Office's Civil Contingencies Secretariat to be told about the potential impact of a no-deal Brexit.

by | December 06, 2018 | 07:01

The U.S. Justice Department could not immediately be reached for comment. U.S. Sen. Ben Sasse, a Republican member of the Senate Armed Services and Banking committees, said Huawei is an agent of China's communist party and applauded Canada for the arrest.

by | December 04, 2018 | 02:41

The tiny, energy-rich Arab nation of Qatar announced Monday it will withdraw from OPEC in January, a rebuke of the Saudi-dominated cartel as the kingdom's boycott of Doha continues unabated and a crucial meeting of the group looms this week.

by | December 04, 2018 | 00:41

Trump hit an additional $200 billion of Chinese goods with a 10 per cent tariff that had been due to rise to 25 per cent on January 1. "According to a tweet from President Trump over the weekend, the Chinese side had also agreed to "reduce and remove" tariffs on American cars from 40% now".