Finance

Fire death toll hits 63; sheriff says hundreds still missing

Fire death toll hits 63; sheriff says hundreds still missing

Megan Janes says her aunt and uncle, Paradise residents Paula and Randy Dodge, are no longer missing but also "no longer with us". "We didn't have any time to react", Eric said. The Woolsey Fire has razed 98,000 acres (39,660 hectares) and has been 62 percent contained. Butte County Sheriff Kory Honea says many may be safe, but he's making the list public so people can let officials know they're safe. Read More

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More Evidence Emerges of Soft iPhone Sales

More Evidence Emerges of Soft iPhone Sales

Lumentum makes the vertical cavity surface-emitting lasers, or VCSELs, that Apple uses for its latest iPhones that come with 3-D facial recognition. Early in the year, the company confirmed it had been intentionally throttling the speeds of some older phones to avoid battery-related problems. Apple said it preferred to focus on its transition to a services company, with regular recurring revenue. Read More

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Saudi Arabia is reducing oil supply; OPEC may cut too

Saudi Arabia is reducing oil supply; OPEC may cut too

Al-Falih's remarks were backed by Mohammed bin Hamad al-Rumhi, oil minister for Oman, who at the same conference claimed , "Many of us share this view". Brent crude futures rose 80 cents on the day to $70.98 a barrel by 1205 GMT, while USA crude futures rose 36 cents to $60.69 a barrel. " Saudi Arabia can not act alone though - realistically it needs to pull together OPEC allies, and critically Russian Federation, to curb production if it wants prices to hold". Read More

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India appreciates USA waiver on New Delhi-Tehran energy trade

India appreciates USA waiver on New Delhi-Tehran energy trade

But Iran supply is expected to rise after November as waivers are used to start ordering more Iranian oil. Mr. Hook explained that with global insurers gone, Iranian tankers are now relying on domestic insurances which according to the State Department will not be able to monetarily protect countries that allow Iranian vessels to post should a maritime accident such as an oil spill takes place. Read More

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Tesla Replaces Elon Musk With Robyn Denholm As Chair Of The Board

Tesla Replaces Elon Musk With Robyn Denholm As Chair Of The Board

Tesla said Denholm will be serving as Tesla chair on a full-time basis. Denholm is CFO at Telstra , Australia's biggest telecommunications company, and will be leaving the company after her six month notice period is up. She was the first woman to join the board of nine, which includes Musk and his brother, Kimbal. Tesla shares had been on a roller-coaster ride this year but were on the rise since the company reported a record quarterly profit and beat expectations on vehicle ... Read More

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Amazon plans to split HQ2 between two cities

Amazon plans to split HQ2 between two cities

Amazon announced a list of 20 finalists for HQ2 in January, including: Atlanta; Austin; Boston; Chicago; Columbus, Ohio; Dallas; Denver; Indianapolis; Los Angeles; Miami; Montgomery County, Maryland; Nashville; Newark; New York City; Northern Virginia; Philadelphia; Pittsburgh; Raleigh; Toronto; and Washington, DC. Read More

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Amazon is changing its free shipping option for the holiday season

Amazon is changing its free shipping option for the holiday season

There's a feature called AR View, for example - a new augmented reality feature in the Amazon app that allows customers to view products in situ before they purchase. According to the Seattle company's latest annual filing, shipping costs almost doubled from 2015 to 2017, reaching $21.7 billion. This year, both Walmart and Target made a decision to beat Amazon on shipping, but Amazon just responded with its own shipping offer. Read More

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Oil prices fall as investors wary of trade slowdown

Oil prices fall as investors wary of trade slowdown

Oil was also being weighed down by signs of rising supply from top producers, with Saudi Arabia and Russian Federation both indicating they will provide enough oil to meet demand once US sanctions hit Iran from next week. "Today, US officials are lying to the world that Saudi Arabia and other countries should replace Iranian oil so that the price of oil doesn't rise". Read More

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Ease of doing busines

Ease of doing busines

Last year, India was ranked at 100. The rankings of countries in the report indicate competitiveness as well as highlights the areas where reforms are immediately needed to improve business climate in the country. Malta, according to the World Bank, will be the most hard place in the whole of the European Union in which to do business, according to the World Bank's annual Ease of Doing Business Survey released yesterday. Read More

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Stocks dip again on worries about tech, tariffs

Stocks dip again on worries about tech, tariffs

Since March, the Trump administration has introduced several waves of tariffs worth tens of billions of dollars against Chinese goods in an effort to rebuild the U.S. The trade spat between Washington and Beijing escalated in April after the United States slapped 25- and 10-percent tariffs on steel and aluminum imports, respectively, from China. Read More

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RBI governor Urjit Patel may consider resigning after rift with govt

RBI governor Urjit Patel may consider resigning after rift with govt

There have also been media reports that the government has invoked never-before-used powers under the RBI Act that allow it to issue directions to the central bank governor on matters of public interest. "It is hard to believe that the RBI governor will resign because it is unprecedented and would look quite irresponsible and (an) immature step", said a senior trader at a foreign bank. Read More

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Amazon Falls After Missing Sales Forecast (NASDAQ:AMZN)

Amazon Falls After Missing Sales Forecast (NASDAQ:AMZN)

Amazon said that revenues in the third quarter of the year had risen by 29pc to $56.6bn (£44.2bn), while the company recorded a leap in profits, from $256m a year ago to $2.9bn. Q4 revenue (forecast): Between $66.5 billion and $US72.5 billion. "We're very happy not only in the strong membership numbers", Olsavsky said Thursday, "but also in the continued strength of engagement" of Prime's shipping benefits and Prime Video. Read More

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Turkish evidence shows Khashoggi killing was planned, Saudi Arabia says

Turkish evidence shows Khashoggi killing was planned, Saudi Arabia says

France is ready to back "international sanctions" against those responsible for the murder of Saudi journalist Jamal Khashoggi , the Elysee Palace said after President Emmanuel Macron spoke by telephone to King Salman Wednesday. Also Thursday, Prince Mohammed attended the first meeting of a committee aiming to restructure the kingdom's intelligence services after the killing of Khashoggi, the state-run Saudi Press Agency said. Read More

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Buy F-16s to avoid sanctions post-Russia deal, United States tells India

Buy F-16s to avoid sanctions post-Russia deal, United States tells India

For the week, oil futures shed about 3.1%. Already, a million barrels of daily Iranian oil has vanished from the worldwide markets. President Donald Trump on Thursday acknowledged for the first time that dissident journalist Jamal Khashoggi is likely dead and saw there would be “very severe” consequences if it was determined that Saudi rulers were behind it, without specifying what they would be. Read More

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Yellen Says Trump's Criticism of Fed Policy Is Damaging and Unwise

Yellen Says Trump's Criticism of Fed Policy Is Damaging and Unwise

Trump says he doesn't speak with Chairman Jerome Powell because of the Fed's independence, but "I'm not happy with what he's doing because it's going too fast" in raising rates at a time when inflation has remained relatively low. Powell has raised the key interest rate three times by a quarter of a point this year and is expected to raise it a fourth time before the end of the year. Read More

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Friday's Mega Millions jackpot soars to $1 billion

Friday's Mega Millions jackpot soars to $1 billion

But somebody has to win, right? The Mega Millions jackpot just hit a record $US970 million ($1.4 billion), the second-largest USA lottery pool ever, trailing only the $US1.59 billion Powerball prize in 2016. Saturday's Powerball jackpot is $430 million. But still, it's an obscene amount of money. The money is yours to then either spend or invest, but they don't get the full value of the prize. Read More

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Oil to Surge on strains between United States and Saudi Arabia

Oil to Surge on strains between United States and Saudi Arabia

Germany, France and Britain are calling for a "credible investigation" to establish what happened to Saudi writer Jamal Khashoggi and seek a "complete and detailed" Saudi response. JP Morgan Chase and Ford did not comment on whether the decision was related to concerns about the disappearance of Khashoggi. "We don't have a date" for the closing of the second Vision Fund, he said. Read More

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Mega Millions jackpot nears record

Mega Millions jackpot nears record

Kansas Lottery players, like players everywhere, are talking about Mega Millions and making sure they have their tickets for the next drawing. The cash option on this Mega Millions drawing is $372.6 million, since no one claimed the Mega Ball during Friday's drawing. Read More

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Mega Millions, Powerball jackpots total $862 million

Mega Millions, Powerball jackpots total $862 million

A lucky victor could take home an estimated $548 million in winnings prior to taxes or opt for the cash option, which is estimated to be $309.2 million, after tonight's drawing. The winning numbers drawn Friday for Mega Millions are 4, 24, 46, 61, 70 and the Mega Ball number is 7. The Mega Millions jackpot is approaching $470 million. Read More

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USA stocks tumble for a second day

USA stocks tumble for a second day

The benchmark Dow index fell 831 points to close at 25,598.74 on Wednesday, wiping out 3.2 percent of its value in the sharpest drop since February. The 10-year Treasury note yield traded around 3.23 percent a day after hitting its highest level since 2011. During the session it fell as much as 10.3 percent from its August 29 closing record high but ended the day 9.6 percent below the record. Read More

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International Monetary Fund lowers SA's economic growth forecasts

International Monetary Fund lowers SA's economic growth forecasts

Mr Khan's decision came after the Pakistani stock markets tumbled by 3.4 percent on Monday after Mr Khan said the day before that he was still exploring options outside the International Monetary Fund. "More expensive energy will have disastrous effects for industries as well as for domestic consumers". The Government estimates the economy will expand 6,3 percent against the initial projection of 4,5 percent. Read More

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Are you sure your Facebook account's been cloned?

Are you sure your Facebook account's been cloned?

This particular warning suggests the recipient's Facebook account has been targeted for such " cloning ", as indicated by the sender's having received "a second friend request" from that account. Users were then directed to forward the message to all their friends. Apparently this is a hoax and I am getting SPAMMED with them. No, while there have been real reported cases of Facebook accounts being cloned, this message is not a real example of one. Read More

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Elon Musk ridicules SEC in tweet storm days after settling suit

Elon Musk ridicules SEC in tweet storm days after settling suit

US District Court Judge Alison Nathan asked on Thursday that both Musk and the SEC supply justification for the settlement reached over the Tesla privatisation fiasco. "But it certainly shows his pique at having to settle", Henning said. District Judge Alison Nathan in Manhattan ordered him and the SEC to explain by October 11 in a joint letter why their settlement was fair and reasonable and would not hurt the public interest. Read More

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RBI keeps repo rate unchanged at 6.5%

RBI keeps repo rate unchanged at 6.5%

The currency opened at 73.64 against the dollar and touched a low of 74.10. It also hit a fresh 20-year high against the Indonesian rupiah. South African rand, Mexican peso and Australian dollar also dropped up to 1.5%. Stocks markets crashed up to 2.24% due to heavy selling pressure banking, energy, pharma and IT stocks. So far this year, the rupee has declined 13.2%, while foreign investors have sold $2.44 billion and $7.26 billion in the equity and debt markets, respectively. Read More

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Petrol, diesel prices slashed by Rs 2.50 per litre

Petrol, diesel prices slashed by Rs 2.50 per litre

Besides poll-bound Rajasthan and Madhya Pradesh , the governments of Chhattisgarh , Assam, Tripura , Jharkhand, Uttar Pradesh and Haryana also announced cuts by Rs 2.50. India is the third largest importer of crude oil and rising global oil prices are inflating domestic transport fuel costs in a strong demand environment. Read More

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Amazon Raises Minimum Wage To $15/Hour

Amazon .com Inc said on Tuesday it would raise its minimum wage to $15 per hour for US employees from next month, seeking to head off criticism of working conditions at the world's second most valuable company. Workers have been protesting against fast food chains like McDonald's Corp and demanding wage increases since 2012 but conditions at Amazon's warehouses, distribution centers and for its couriers have been drawing media attention and criticism for some time. Read More

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Tesla shares jump as SEC settlement leaves Musk in CEO role

Tesla shares jump as SEC settlement leaves Musk in CEO role

Musk will remain Tesla CEO after settling SEC fraud charges over his infamous "funding secured" tweet about taking the auto firm private. It alleged that Musk's statements - including the assertion that he had " funding secured " to take Tesla private - "were premised on a long series of baseless assumptions and were contrary to facts that Musk knew". Read More

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