Finance

Rapper Quavo invites Clemson Tigers to celebrate CFP title

Rapper Quavo invites Clemson Tigers to celebrate CFP title

He later said that besides eating a lot at the White House, he had grabbed two chicken wraps and a quarter-pounder on the way out. "And I think we're going to serve McDonald's , Wendy's and Burger King with some pizza". The White House had also invited rank-and-file House Democrats to the luncheon, bypassing Speaker Nancy Pelosi and other party leaders, but they declined to attend. Read More

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PG&E Stock Tumbles on Bankruptcy Filing

PG&E Stock Tumbles on Bankruptcy Filing

The company was acting under a new state law requiring it to tell employees at least 15 days before a change of control in the company - including a bankruptcy filing. "We have determined that a Chapter 11 reorganization is the only viable option" to resolve the company's wildfire-related liabilities while continuing to deliver energy service, PG&E said in the statement. Read More

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Kim Jong-un leaves China with 'backing for second Trump summit'

Kim Jong-un leaves China with 'backing for second Trump summit'

Kim's motorcade left around noon for the Beijing Hotel, where he was seen to have lunch with Xi. It takes up to 14 hours to get back to Pyongyang from Beijing by railway. This position is being supported by China. As Kim's armored train pulled into Beijing Railway Station on Tuesday, a few blocks away a US trade delegation was hammering out differences with their Chinese counterparts in an effort to end the trade war between the two countries. Read More

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USA pushes China on promises after `in-depth' trade meetings

USA pushes China on promises after `in-depth' trade meetings

The Nasdaq composite rose 60.08 points, or 0.9 percent, to 6,957.08. Hundreds of billions in levies. Meanwhile on the trade talks, sources said the two sides were still far apart from U.S. Beijing has said it will not give up ground on issues it conceives as core. US officials have repeatedly accused China of not fulfilling agreements, with Ross saying on Monday that 'the real issue is what are the enforcement mechanisms, what are the punishments if people don't do what they were supposed ... Read More

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Government shutdown could impact tax refunds

Government shutdown could impact tax refunds

Normally during the first week of January, Kendria Angrand from Liberty Tax Service in Stroud Township starts taking calls from people asking if the place is open. While filing will begin in just a few weeks, those filling out their taxes will be unable to speak to someone if they have questions if the government is shut down. Read More

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IPhone XI first pictures: are Apple designers on the wrong track?

IPhone XI first pictures: are Apple designers on the wrong track?

Meanwhile, the three cameras at the back suggest that Apple could adopt the 3D ToF technology on the 2019 iPhones. Two of them are vertically aligned while the third one is placed on the right under the LED flash. But it is something that was expected based on some reports from previous year. Whether Touch ID returns through a sensor in the display is one of the most exciting question about the new iPhone. Read More

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United States warns citizens of arbitrary action in China

United States warns citizens of arbitrary action in China

The State Department's elevated travel advisory is out of concern that China may arbitrarily enforce local laws and detain U.S. citizens without cause. China's relations with the USA and with Canada deteriorated following the arrest in Vancouver, British Columbia, of a top executive with Huawei , (huawei) a leading Chinese electronics and telecom firm, on a US warrant. Read More

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Trump to Apple: 'Make your product in the United States'

Trump to Apple: 'Make your product in the United States'

Apple dropped 10 percent , erasing $74.6 billion in value. The company had not decreased its quarterly revenue forecast in over 15 years before Wednesday. "It symbolizes how deep China's economic problems are, and we can connect the dots right back to the trade war". "Until it changes this pricing strategy, it is unlikely to see market share growth and will most likely see a gradual contraction as iPhone users upgrade at slower rates", said Richardson. Read More

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Malware stalls delivery of LA Times and other major U.S. newspapers

Malware stalls delivery of LA Times and other major U.S. newspapers

The attack also stymied delivery of the Los Angeles Times and San Diego Union Tribune on Saturday, as well as the West Coast editions of the Wall Street Journal and New York Times , according to the Los Angeles Times . A cyber attack caused major printing and delivery disruptions on Saturday at the Los Angeles Times and other major US newspapers, including ones owned by Tribune Publishing Co TPCO.O such as the Chicago Tribune and Baltimore Sun . Read More

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Burbank Kmart To Shutter In Early 2019

Burbank Kmart To Shutter In Early 2019

In a statement, Chicago-based Sears Holdings said the move was part of the company's "processes to accelerate its strategic transformation and facilitate its financial restructuring". Sears chairman Eddie Lampert proposed to buy out the company as a whole through his hedge fund, ESL Investments, for $4.6 billion. The store, once a shopping mall mainstay, has slowly declined in recent years and was slow to respond to the trend in online shopping. Read More

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Trump digs in on the wall and the shutdown

Trump digs in on the wall and the shutdown

With no deal in sight to keep the government funded, hundreds of thousands of federal employees will either not be returning to work after holiday vacations or will be back on the job, but without pay. Lawmakers will reconvene Thursday to try to broker a deal and reopen the government. That bill provided $1.3 billion for border security projects but not money for the wall. Read More

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Oil at US$50: Who will benefit?

Oil at US$50: Who will benefit?

Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply. Yet, crude's descent has deepened as investors doubt the reductions will be sufficient to dent supply levels, with US crude output still above 11 million barrels a day on a weekly basis. Read More

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Here's what's closed for the holidays

Here's what's closed for the holidays

Last year, Christmas Eve fell on a Sunday, so government employees did not get an extra day off. It will be open on December 26 from 10 a.m.to 6 p.m. Wilton Senior Center will be closed Christmas Eve and Christmas Day . Collection routes will run on a one-day delayed schedule. City hall offices will be open until 2 p.m. Read More

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JSE set to suffer from hawkish US Fed

JSE set to suffer from hawkish US Fed

But an hour later, the Dow had given most of that up. "I am very concerned". The Standard & Poor's 500 lost more than 2.2%, having been up 1.4% prior to the decision of the Federal Reserve. The S & P is down more than eight percent in 2018. The technology-heavy Nasdaq is now down nearly 20 per cent from the peak it reached in August. The tech-heavy index is down almost seven percent for 2018. Read More

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Facebook Reportedly Gave Tech Companies Access to User Data Beyond Disclosures

Facebook Reportedly Gave Tech Companies Access to User Data Beyond Disclosures

The company said at the time that it got permission from users to do this. But Facebook has, unsurprisingly, jumped on the defensive, insisting that everything is above board and that users had in fact given consent to data sharing. That Facebook would have deep integrations with third-party partners is not necessarily surprising, as the company's former privacy chief Alex Stamos pointed out. Read More

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Google to spend $1B on new campus in NY

Google to spend $1B on new campus in NY

The project would add about 7,000 jobs almost doubling the company's NY presence over the next 10 years. Google has announced plans to double its NY offices with a $1 billion investment. The company has obtained leases for 315 and 345 Hudson Street . "As an American company, we cherish the values and freedoms that have allowed us to grow and serve so many users", Pichai said in opening remarks. Read More

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Farm Bill Sails Through Congress with Bipartisan Support

Farm Bill Sails Through Congress with Bipartisan Support

The final bill does include several new changes to the SNAP program, though none will restrict families' food stamp benefits, according to congressional aides. This means farmers can choose the program most beneficial to them based on any given year's price of grain. The final farm bill also eliminates an awards program that gave states up to $48 million per year in federal funding for high performances related to program access and payment accuracy. Read More

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Will try to uphold credibilty and autonomy of RBI: Shaktikanta Das

Will try to uphold credibilty and autonomy of RBI: Shaktikanta Das

He was instrumental in pushing GST soon after the Modi government took charge. Sources said that bankers reiterated their demand to ease the restrictions under PCA , which has been one of the key reasons behind the RBI-government rift. Das is meeting Mumbai-based state-run banks Thursday to get a feedback on the issues facing them. Earlier, a Parliamentary Committee had expressed apprehension over the PCA framework and asked the RBI to "relax or review" PCA in case of banks where even ... Read More

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Tourism rocket ship reaches space on test flight

Tourism rocket ship reaches space on test flight

At the start of the test flight, a special jet carrying the Virgin Space Ship Unity flew to an altitude near 13,100m before releasing the craft. That differs from a long-held view that the boundary is reached at 100 kilometers. More than 600 people have already paid up to £200,000 to ride on the six-passenger rocket. After a few seconds of coasting, VSS Unity's rocket engine fired on. Read More

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Trump promised China would buy more soybeans. American farmers are still waiting

Trump promised China would buy more soybeans. American farmers are still waiting

Through its daily reporting system, the USDA said private exporters sold 1,130,000 tonnes of United States soybeans to China for delivery in the 2018/19 marketing year that began September 1. The trader said China was seeking to buy a total of 2.5 million to 3 million tonnes of US soybeans. The export council "is encouraged by the news that buyers from China have made purchases of US soybeans", the American group said in an email. Read More

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Oil surges as OPEC+ is said to agree on cuts

Oil surges as OPEC+ is said to agree on cuts

Physical markets were taken aback by the U.S. granting waivers on the Iran sanctions to the eight largest importers of Tehran's crude. We believe the production cuts are prudent and represent a "third way" to address market concerns that seeks to avoid some of the negative outcomes of recent moves. Read More

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Severe storm continues dumping snow and sleet across US southern states

Severe storm continues dumping snow and sleet across US southern states

But the snow that does fall is likely to be heavy and wet, possibly causing tree and power issues. More than 150,000 customers of Duke and electric cooperatives were without power across the state. "Prepare for DAYS of impact not hours", North Carolina Emergency Management warned residents in a statement. "It's serious, and you need to take steps now to get your family ready". Read More

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Elon Musk talks pot, the SEC, and Twitter flame wars

Elon Musk talks pot, the SEC, and Twitter flame wars

The tweet under investigation was one where Musk said he was considering taking Tesla private and added that he had "funding secured". Musk: Well I guess we might make some mistakes. As Tesla pointed out, the settlement does not require oversight of Musk's Twitter feed until nearly the end of the year, so technically Musk has not broken the agreement. Read More

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China demands Canada release Huawei executive arrested in Vancouver

China demands Canada release Huawei executive arrested in Vancouver

He said neither Canada or the USA had so far responded to China's concerns. Some say Canada's firm stand against China could have an economic cost as it tries to deepen trade ties. According to analysts, China has deployed predatory tactics, from forcing American and other foreign companies to hand over trade secrets in exchange for access to the Chinese market to engaging in cyber-theft. Read More

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Huawei finance chief arrested in Canada as U.S. seeks extradition

Huawei finance chief arrested in Canada as U.S. seeks extradition

Wanzhou Meng, who also goes by Sabrina Meng, was arrested in Vancouver on Saturday, Dec. 1, Department of Justice Canada spokesperson Ian McLeod told Global News . The Embassy of the People's Republic of China in Canada said that it resolutely opposes Meng's arrest and demands her immediate release. The Wall Street Journal reported the USA government was trying to persuade companies in allied countries to avoid Huawei. Read More

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Trump is leading USA trade negotiations with China: Mnuchin

Trump is leading USA trade negotiations with China: Mnuchin

In his latest Twitter storm, Trump said that his team of negotiators was still "seeing whether or not a REAL deal with China is actually possible", adding that China is "supposed to" start buying more U.S. Senior administration officials also had trouble articulating any specifics about the deal in press briefings. That means the death penalty, by the way, but anyhow, here's what China's Foreign Ministry said, again more vaguely: "China has chose to list all the fentanyl-like substances as ... Read More

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