Markets

by | January 17, 2019 | 00:45

So far there is scant detail about what the auto will be called or powered by. " Car companies are acknowledging that the crossover, sport utility vehicle boom is continuing", said analyst Michelle Krebs of Autotrader. At the Detroit auto show on Monday, Cadillac showed its first electric-car concept, a largish mid-size SUV that looks likely to seat five passengers, though details from the company were scant.

by | January 17, 2019 | 00:28

Ocasio-Cortez has been a critic of the financial system, and has siad she would like to see the break-up of the biggest banks and the restoration of the Glass-Steagall Act, which separated investment and commercial banking. But despite Trump's refusal to even entertain a question about her remark, Ocasio-Cortez seems to be calling it a victory. Asked at the White House to respond to her, Trump shook his head, waved dismissively and grimaced: 'Who cares?' Per Bloomberg , those names ...

by | January 14, 2019 | 00:11

Ghosn has been detained since his November arrest . Ghosn's defence team had made the bid for his release on the basis that one of the charges against him, an alleged breach of trust of the company, was null and void. Nissan CEO Hiroto Saikawa told reporters later in the day that an ongoing internal probe into the alleged misconduct by Ghosn, who holds Brazilian, French and Lebanese nationality, will be conducted together with Renault.

by | January 11, 2019 | 00:59

Beijing has tried in vain to recruit France, Germany, South Korea and other governments as allies against Trump, but they have echoed US complaints about Chinese industrial policy and market barriers. Investors are more confident the Organization of Petroleum Exporting Countries and its allies will deliver on their pledge to cut 1.2 million barrels of output starting this month.

by | January 10, 2019 | 00:42

RCMP liaisons arrived before 11AM this morning with the injunction on behalf of the company wishing to construct a pipeline through the Wet'suwet'en territory. "Real consensus will be built when the parties, with very different views, come together in a meaningful and productive dialogue", his statement goes on.

by | January 07, 2019 | 01:10

Apple's shares were briefly suspended on Wednesday night, and in post-market trading fell by up to 8pc, wiping nearly $60bn off its value. Apple's decline dragged down the Dow Jones Industrial Average index on Thursday. Cook blamed the lowered forecast on several different factors, including the timing of its latest generation iPhone launches , a strong USA dollar creating foreign exchange headwinds, supply constraints, and economic weakness in some emerging markets.

by | January 06, 2019 | 09:21

Only 12 percent of its staff are working (without pay), mostly focused on security and technology. The likelihood of this delay shouldn't stop you from filing early through. And during shutdowns, only a fraction of IRS employees work. "As an accountant, I'd like to have the direct absolute correct answer before I sign my name to a return", said Fortine.

by | January 05, 2019 | 00:40

Stocks in the U.S. spiked after the remarks, made at a meeting of the American Economic Association. Trump has slammed Powell for rate hikes, meant to keep the economy from overheating, and last month polled advisers about whether he could fire the Fed chief, according to multiple reports.

by | January 05, 2019 | 00:20

FORECAST CUT Apple on Wednesday lowered its forecast to $84 billion in revenue for its fiscal first quarter ended December 29, below analysts' estimate of $91.5 billion, according to IBES data from Refinitiv. Cook's letter rattled investors, with analysts calling it a " bombshell ". "The iPhone is something that everyone knows and buys, and if people aren't buying it, then it's a pretty good sign they're having a hard time".

by | January 04, 2019 | 05:19

A chunk of this year's worldwide sales decline for iPhone and iPad occurred in China , according to Cook's letter . And just a few days after Geekbench's report was published, Apple said that it was, in fact, throttling the performance of older iPhones to prevent them from shutting down unexpectedly.

by | January 03, 2019 | 00:56

With Musk having generally reigned in his own behavior and the company's Model 3 production figures much closer to weekly production targets, the alarm bells that were ringing six months ago have quieted considerably. Tesla disappointed investors Wednesday, delivering 90,700 vehicles during the fourth quarter, which fell short of Wall Street forecasts despite its efforts to ramp up production.

by | January 02, 2019 | 02:47

Each will eventually boost its minimum wages to at least $12 and as much as $15 an hour by phasing in the change. South Dakota is one of 20 states that are raising minimum wages for 2019. The minimum wage in Korea is calculated by dividing the monthly salary by the number of working hours. In 2020, it will increase again to $15 per hour.

by | January 02, 2019 | 02:26

Not long after the fire, the Lexington Police Department posted on social media several pictures of officers showing their dismay at the loss. According to reports, the driver of the Krispy Kreme Doughnuts van realised that smoke was billowing from the carriage as he drove through Lexington.

by | December 30, 2018 | 01:28

In recent weeks, US and Chinese officials have spoken by phone, but next month's meeting would be the first in-person talks since President Trump met with his Chinese counterpart, Xi Jinping , in Buenos Aires on December 1. "The Chinese and USA economic and trade teams have always maintained close communication", said commerce ministry spokesman Gao Feng at a regular briefing.

by | December 30, 2018 | 00:33

Sears is closing 80 more stores. A hedge fund controlled by Sears chairman Eddie Lampert is offering $4.6 billion. A manager at the Kmart in Fostoria declined to answer questions, such as how many people are employed at the store. As originally outlined, his plan would be partly funded by swapping the debt he holds for full ownership of the company. Last week, a bankruptcy court allowed Sears Holdings to sell its home improvement service businesses to Service.com for $60 million.

by | December 29, 2018 | 01:08

Transformers, like the one that produced the bright light in Queens , change the electricity flowing through them into different voltages. Minutes later, the New York Police Department Chief Terence Monahan said the incident was under control , and said no injuries were reported .

by | December 29, 2018 | 00:49

USA stocks staged a last-minute turnaround that put the market on track to end the volatile week with a gain. Although U.S. economic growth started to moderate from the "exceptionally strong pace" this year, the momentum remained strong, Goldman Sachs said in a report.

by | December 28, 2018 | 00:25

Social media exploded after Monday's crash. Volatility has been the norm in December. The S&P 500 Index, the Dow Jones and Nasdaq all recorded small gains in morning trading. OIL: Benchmark US crude added 1.4 percent to $43.11 a barrel in NY. U.S. Treasury yields also reversed direction after rising sharply on Wednesday, dropping three basis points to 2.765 per cent.

by | December 27, 2018 | 01:15

A day earlier, Trump claimed there is a buying opportunity for stocks. The three major US indexes all posted their biggest one-day percentage gains since March 2009, in the first day of trading following the Christmas holiday, when the market was closed.

by | December 27, 2018 | 01:10

With most authorities forecasting a slowdown in its growth next year, the concern about how crude oil demand will be faring in 2019 is only to be expected. "Most major economies are likely to see decelerating activity, with real GDP growth of 1.4 percent in both Europe and Japan, and 4.6 percent growth in aggregate among the emerging markets", BofA Merrill Lynch said recently.

by | December 26, 2018 | 07:39

Christmas Day . Some grocery stores are closed all day for the holiday, period. The last day for free same-day shipping is Monday, December 24. The one big exception is Christmas: Walmart is closed on December 25 every year. Kohl's: Kohl's is open until 6 p.m. Christmas Eve . Christmas Eve and Christmas day are some of the slowest holidays of the year. The Lanspeary Lions and Charles Clark Square outdoor skating rinks will close for Christmas Day and New Year's Day .

by | December 26, 2018 | 07:37

Asian stocks were mixed on Monday after Mnuchin's calls to the bankers, but analysts expressed both surprise and alarm at the Secretary's Sunday statement, saying it might do the opposite of calming current jitters. His frustrations have risen so high that Trump has asked his team whether he has the legal authority to fire Powell - a move that Mnuchin, among others, has worked hurriedly to prevent.

by | December 25, 2018 | 01:57

About 160,000 customers in the Lower Mainland, Fraser Valley, Sunshine Coast, Vancouver Island and Gulf Islands remain without power. Uprooted trees, snapped power lines and debris forced the closure of several streets and highways along the southern coast.

by | December 23, 2018 | 00:15

Both the Dow and the S&P are on pace for their worst December since the Great Depression in 1931. Stocks are cheap, presenting buying opportunities for smart investors willing to take on a bit of risk. A correction is Wall Street's term for an index like the S&P 500, the Dow Jones Industrial Average , or even an individual stock, that's fallen 10 per cent or more from a recent high.

by | December 23, 2018 | 00:16

Willard said he favored setting 21 as the minimum age nationally for purchasing the products. Altria is the parent company for Philip Morris USA, maker of the some of the biggest names in cigarettes, including Marlboro, L&M and Virginia Slims.