Business

by | November 16, 2018 | 00:35

An industry report was said to show USA stockpiles rose 8.8 million barrels last week, more than double the increase forecast in a Bloomberg survey before government data due on Thursday. Coupled with this is the fact that the prices of crude oil are rebounding at the worldwide market for the first time since the global oil market was hit by recession and its subsequent fall in the prices of crude oil.

by | November 14, 2018 | 00:58

One of the main concerns about the process was how a city would navigate an influx of 50,000 new workers. NYC Council Speaker Corey Johnson and State Senator Mike Gianaris both specifically knocked the deal for excluding input from those living in the community.

by | November 08, 2018 | 03:15

Xi said China would seek to "step up" moves to stimulate domestic consumption of imports, lower tariffs, ease customs clearance procedures, and implement harsh punishments for intellectual property infringements, among other measures. Kenyan President Uhuru Kenyatta voiced impatience when he told the opening ceremony that his country's growing trade with China was heavily skewed in Beijing's favour.

by | November 08, 2018 | 02:24

The proposal passed by a 56-44 percent margin with 93 percent of precincts reporting. By her calculation, after factoring in MI, the total addressable market for adult, medical, and illicit use of marijuana will be $24.5 billion by 2030. "I started to see that this was a lifetime chance because this is a massive shift where you know there are consumers who use this product and now that it was legal the market could be even larger", he said, adding that he expects that Canadian cannabis ...

by | November 07, 2018 | 03:03

The sanctions take effect six months after President Donald Trump pulled out of the 2015 Iran nuclear deal, saying the USA could not prevent an Iranian nuclear bomb under the "decaying and rotten structure of the current agreement".

by | November 05, 2018 | 03:42

Their memories from 2016, when they watched in disbelief as Donald Trump defied polls, expectations and political norms, are still fresh. That's why Sunday's rally in Gary, a city that has more in common with the Democratic stronghold of nearby Chicago than deep red parts of the state, could prove strategic.

by | November 05, 2018 | 01:46

Analysts were looking for US$92.7 billion, according to data compiled by Bloomberg . Cook said in India there were import duties in some or most of the product categories that Apple was in, and in some cases they compounded. Instead, Apple will only make public revenue data. It's also the central hub for connecting the other devices and using services. Apple's Services revenue increased to $10 billion during its fourth quarter, as well, a 27-percent increase over the same quarter previous ...

by | November 04, 2018 | 00:52

Meeting a group of Republican lawmakers in Beijing , China's Li noted the China-U.S. relationship's "ups and downs" over the past four decades of diplomatic ties. Hong Kong and Shanghai led another rally across Asian markets on Friday after Donald Trump's tweet hailing positive talks with Chinese President Xi Jinping was seized on by dealers hoping for a breakthrough in their trade row.

by | November 02, 2018 | 02:08

This means that in the a year ago Rwanda has improved its business regulations as captured by the report indicators in absolute terms. This year's report indicated that Afghanistan had moved up the most, by 16 spots, from 183th in last year's ranking to 167th this year.

by | November 02, 2018 | 01:30

The US has already levied tariffs of 25 percent on $50 billion worth of Chinese goods, mainly industrial products, plus a tariff of 10 percent on another $200 billion worth of imports imposed in September that is set to rise to 25 percent at the start of next year.

by | October 30, 2018 | 03:08

Preliminary flight tracking data from Flightradar24 shows the aircraft climbed to around 5,000 feet (1,524 m) before losing, and then regaining, height, before finally falling toward the sea. However, six other Lion Air jets, including one that crash-landed in the water short of the runway at the Indonesian resort island of Bali in 2013, were damaged beyond fix in various accidents, according to Aviation Safety Network.

by | October 30, 2018 | 02:32

Merkel has said in the past that she believed the chancellor should also serve as party leader. She confirmed that she would not stand again as chancellor at the next general election. If it's an enemy like Friedrich Merz , pushed aside during Merkel's rise to power, then she may be in trouble. There is precedent for the chancellor not leading his or her party.

by | October 29, 2018 | 07:13

EIA also forecast West Texas Intermediate (WTI) prices to increase at a slightly slower rate, leading to a widening of the Brent-WTI spread to 9 dollars per barrel in October. Companies that continue buying Iranian crude after sanctions take effect on November 4 face the risk of being cut off from the American financial system.

by | October 29, 2018 | 06:56

IBM has unveiled plans to acquire open source specialists Red Hat, in a blockbuster US$34 billion deal created to bolster the tech giant's hybrid cloud capabilities. In particular, they said they are committed to open-source efforts as Patent Promise, GPL Cooperation Commitment, the Open Invention Network and the LOT Network.

by | October 29, 2018 | 06:35

In the US, Friday's steep declines were triggered by disappointing quarterly results from tech giants Amazon and Google-owner Alphabet . The S&P 500 fell 15.19 points, or 0.6 percent, to 2,740.69. The S&P 500 index fell 16 points, or 0.6 percent, to 2,724. Benchmark U.S. crude rose 0.8 percent to $67.33 a barrel in NY. Revenue from Amazon's worldwide business, which brings in 27.5 percent of total sales, rose 13.4 percent in the third quarter, missing estimates, and decelerating from a ...

by | October 29, 2018 | 05:59

It's exactly that kind of ingenuity that has helped the world's most populous nation churn out new billionaires at a prodigious clip, according to John Mathews, head of ultra-high net worth in the Americas for UBS Group AG. Further, billionaires are embracing sustainable investing, seeing how it not only does good, but also adds value in their businesses. Some 89 Chinese entrepreneurs became billionaires for the first time in 2017, compared with 30 entrepreneurs in the United States.

by | October 28, 2018 | 03:32

But these future product launches won't be bet-the-company the way the Roadster, the Model S and the Model 3 were. Management walked back its 10,000/week production target and instead focused on hitting 7,000, which could lead to lower production estimates from the Bulls for 2019-2020.

by | October 28, 2018 | 02:41

Those planning to spend $2 on a Powerball ticket can hope for a giant payday but should realize they have nearly no chance of winning the top prize. Even as stock markets sank again, one person (or group) made a lot of money this past week: the yet-to-be-identified holder of the single ticket that won the Mega Millions lottery.

by | October 26, 2018 | 02:40

Trump appeared to support the Crown Prince at the time. Officials and the crown prince's supporters said the suspects tried to cover up their crime and provided the leadership with misleading accounts of the murder. Cavusoglu's comments came days after Turkish President Recep Tayyip Erdogan said all those behind the murder should be brought to justice and tried in Istanbul.

by | October 26, 2018 | 00:47

The store is hopeful one of their repeat customers has the winning ticket. The odds of winning the Powerball jackpot is 1 in 292.2 million. Since Aug. Ticket for both games are $2 apiece and can be bought in 44 states, including MA. The jackpot has raised from $620 million to $750 million. Although Tuesday's jackpot was huge, it's no fluke.

by | October 25, 2018 | 21:01

In the search for the body Jamal Khashoggi continues in the south forest of Istanbul and the refusal of Saudi Arabia Consulate in Istanbul for Turkey Fire Fighters officials to search a well in the Consul General residence, the diplomatic vehicle seen combing the forest of Istanbul a day before Jamal Khashoggi's "choked-up" by the 15 killing "rogue elements" squad during "interrogation that gone wrong" in the consulate, the consulate diplomatic auto left behind in the underground auto park ...

by | October 25, 2018 | 21:00

Keith Schoen, a clerk at the Neighborhood Grocery, said there were a lot of Mega Millions lottery sales on Friday. In the original Megamillion players picked five numbers from 1 to 75 and a Mega number from 1 to 15. The record $1.6-billion Mega Millions draw in the United States is not limited to Americans. People line up at the Kwik Stop food store at 46th Avenue and Hollywood Boulevard, in Hollywood, Fla., to buy Mega Millions lottery tickets, Friday.

by | October 24, 2018 | 15:51

Donald Trump's latest position on the murder of journalist Jamal Khashoggi: It is the "worst cover-up in the history of cover-ups". "It was a total fiasco", Trump said. Erdogan did confirm that a Saudi official played the role of body double for Khashoggi, wearing the journalist's clothes upon leaving the consulate to pretend to be the dead man.

by | October 22, 2018 | 00:40

The jackpot has been rolled 25 times now, but no one has won the game since July 24. Powerball , which holds the record for the largest USA lottery prize of $1.586bn (£1.213bn) in 2016, will hold a separate draw on Saturday. The $ 1 billion prize refers to the annuity option. The estimated jackpot for the next drawing on Tuesday is a record-breaking $1.6 billion . If a victor is chosen, the federal government will automatically collect a 25 percent tax on the prize when it is issued.

by | October 22, 2018 | 00:24

Italy's planned government spending growth of 2.7% is about 2.6% higher than the maximum allowed under European Union rules, which cap this at 0.1%, and allows the European Union executive to accuse Italy of non-compliance with the budgetary policy obligations, even as it tried to continue constructive dialogue with Italy to reach a final assessment.

by | October 22, 2018 | 00:23

The Saudi government had claimed they had no information about the fate of Jamal Khashoggi . Their ouster came alongside the arrests of 18 Saudi suspects and the dismissal of other intelligence officials. In an interview with the Washington Post, Mr Trump said that "obviously there's been deception, and there's been lies". However, he made clear he believed the Crown Prince Mohammed directed the murder.

by | October 20, 2018 | 02:41

While the USA dollar has strengthened along with the entire domestic economy - which grew at a rate of 3.2 percent over the first half of 2018 - China's renminbi, also known as the yuan, has continued to fall in value. Quarles said. Along with low unemployment, inflation is roughly at the Fed's 2 percent target. Inflation has been low for quite a while but it is starting to pick up.

by | October 19, 2018 | 09:14

One "Match 5" victor was reported in Arkansas, according to the site. The next Mega Millions drawing will be held Tuesday at 11 p.m. ET, and tickets must be purchased by 10:00 p.m. Mega Millions is available in 44 states, plus the District of Columbia and the U.S. Virgin Islands. The odds of winning both the Mega Millions and the Powerball is 1 in 88 quadrillion, according to CNBC .

by | October 19, 2018 | 08:58

ET. And if you want to buy Mega Millions tickets in time for a chance to win the almost $1 billion jackpot, take note that tickets are sold in 44 states , plus Washington, D.C., and the U.S. "It really draws in what we call the infrequent player", says Johnson. It's the second-largest lottery jackpot in USA history. Mega Millions is in "uncharted territory", Medenica said, and the lotteries' financial models can not predict what will happen.

by | October 18, 2018 | 02:07

The estimated jackpot for that drawing would be the second-largest lottery prize in US history. The next drawing will be Friday. The incredible jackpot comes after no ticket matched all six numbers drawn Tuesday night - the white balls 3, 45, 49, 61 and 69, plus the gold Mega Ball 9.

by | October 17, 2018 | 18:49

The slate included new seasons of " Ozark " and " Bojack Horseman , " the new series " Insatiable " and " Maniac , " as well as standup specials from Jim Jefferies and Iliza Shlesinger. This quarter, the company expects to sign up 9.4 million new subscribers globally, far above the 7.18 million average of forecasts compiled by Bloomberg.

by | October 16, 2018 | 07:26

The West Texas Intermediate (WTI) for November delivery picked up 0.37 US dollar to settle at 71.34 dollars a barrel on the New York Mercantile Exchange on Friday. Crude oil futures for November ended up $0.37, or 0.5%, at $71.34 a barrel. “At the heart of this softening oil demand backdrop are a myriad of downward pressures on the global economy , ” said Stephen Brennock , an analyst at brokerage PVM Oil Associates Ltd.

by | October 16, 2018 | 07:19

It says one of the sources told them that the intention was to abduct Khashoggi and it had not been authorized by the Saudi government. President Trump raised the possibility today that " rogue killers " were behind the Saudi journalist's disappearance, not the kingdom's leaders.

by | October 16, 2018 | 04:39

The location at the Jefferson Mall in Okolona will shut down by year's end, according to CNN . In May, the company said it had identified 100 more unprofitable stores in the US and would close 72 of them in the near future. Chapter 11 bankruptcy is the route often taken by businesses that intend on reorganizing and ultimately surviving, as it gives companies the opportunity to find new ways of becoming profitable and to reduce debt.

by | October 15, 2018 | 15:27

The effort comes as part of what Sears says is a move toward a "smaller store platform". Lampert, a billionaire who also runs hedge fund ESL Investments, has invested in and lent to Sears many times over the years, giving him and ESL ownership of about half the company, as well as $2.5 billion of Sears' debt.

by | October 14, 2018 | 03:04

Against that backdrop, a rise in borrowing rates may not be cause for alarm. "I think that's the reason the stock market continues to perform well..." President Trump weighed in again blaming the Federal Reserve for the losses, claiming they were raising rates too quickly, and accusing them of being "loco" or insane.

by | October 12, 2018 | 02:52

Technology and internet-based companies are known for their high profit margins, and many have reported explosive growth in recent years, with corresponding gains in their stock prices. Earnings season is underway. US gold futures settled up $1.9, or 0.16 percent, at $1,193.4. Tech leaders Amazon (AMZN ), Facebook (FB) and Netflix (NFLX ) all helped lead the market lower Wednesday while stodgier companies like food companies Smucker (SJM ) and General Mills (GIS ), gold miner Newmont ...

by | October 12, 2018 | 02:21

A demonstrator holds picture of Saudi journalist Jamal Khashoggi during a protest in front of Saudi Arabia's consulate in Istanbul, Turkey, October 5, 2018. "We can not let this happen, to reporters, to anyone". Previously, the kingdom's ambassador to the United States, Prince Khalid bin Salman, said reports suggesting Khashoggi went missing in the Istanbul consulate or that Saudi Arabia had killed him "are absolutely false and baseless" and a product of "malicious leaks and grim rumors".

by | October 08, 2018 | 00:36

The report reinforced the view of Federal Reserve policymakers, who cited a strong job market when they announced they were increasing a benchmark interest rate - the third hike in a year. Over the year, the unemployment rate and the number of unemployed persons declined by 0.5 percentage point and 795,000, respectively. The next round of jobs data will come four days before Election Day, by which point most voters' minds may be made up.

by | October 07, 2018 | 01:48

Ryan White, an SEC spokesman, declined to comment. While Musk settled the charges by agreeing to pay a fine of $20 million and step down as Tesla's chairman , he doesn't seem to have gotten over the incident just yet. Musk doubled down on the tweet shortly after. But Musk had not secured the funding, the SEC said. He wrote he had " funding secured " for the proposal, which would value Tesla at $420 per share.