Business

by | January 21, 2019 | 03:11

But for some of them, it has been an exercise in confusion and frustration. Ms. Bowser said at least 7,127 federal employees and contractors have applied for unemployment benefits in the capital region since the shutdown began. The most obvious outcome for the economy is that roughly 800,000 federal workers are not being paid. But this isn't the first time the Coast Guard has been through this challenge.

by | January 21, 2019 | 02:59

Stocks jumped on news that China were considering increasing its annual goods imports from the USA to over $1tr as it bids to reduce its trade surplus to zero by 2024, according to Bloomberg . That follows lower-level negotiations held in Beijing last week to resolve the bitter dispute between the world's two largest economies by March 2, when the Trump administration is scheduled to increase tariffs on $200 billion worth of Chinese goods.

by | January 20, 2019 | 03:43

Lopez Obrador said the army had been right to avoid a confrontation due to the large number of people seeking to make off with a trove of free fuel - a few liters of which are worth more than the daily minimum wage in Mexico. It's estimated to have cost the government more than $3 billion in 2018. Residents who live in the immediate vicinity of the pipeline, which runs from the cities of Tuxpan to Tula in the state of Veracruz, have been evacuated, Pemex said in the statement.

by | January 19, 2019 | 01:15

In a memo to employees on Friday, Musk said 2018 was the "most challenging in Tesla's history", adding the company hired 30 percent of its employees a year ago, which was more than it could support. Tesla now sells pricier Mid Range and Long Range models with 260 and 310 miles of range, respectively. From the customer's perspective, that's equivalent to a $7,500 increase in the Model 3's cost over the course of just one year.

by | January 18, 2019 | 04:41

Sumitomo Mitsui Financial Group Inc.is set to open a subsidiary in Germany by the end of March. Trade with the European Union would then default to basic World Trade Organisation rules, which many argue would disrupt innumerable manufacturing supply chains relying on rapid, friction-free trade.

by | January 18, 2019 | 03:15

Ren's daughter Meng Wanzhou was arrested in Canada last month upon request from USA officials for allegedly using the global banking system to evade US sanctions against Iran. "But I will not do anything to harm the world", the 74-year-old Ren told a select round table briefing, only his third formal chat with foreign reporters.

by | January 18, 2019 | 03:10

DIA Director Robert Ashley said: " Beijing's longstanding interest to eventually compel Taiwan's reunification with the mainland and deter any attempt by Taiwan to declare independence has served as the primary driver for China's military modernisation".

by | January 18, 2019 | 00:41

The investigation is linked to an earlier civil lawsuit against Huawei in which the company, the world's second largest manufacturer of mobile phones, was found guilty of stealing T-Mobile's smartphone technology. Meng is facing charges in the US related to possible violations of trade sanctions on Iran. Huawei founder Ren Zhengfei, in a rare public appearance this week, said his company had never received a request from a government to transmit information in violation of any regulations.

by | January 17, 2019 | 04:15

According to tweets , the lines at DFW airport are still long today. Assistant administrator for public affairs for the TSA, Mike Bilello, said on Twitter , "TSA, airport authorities and airlines continue to work closely to ensure resources are optimized, efforts to consolidate operations are actively managed, and screening and security are never compromised".

by | January 17, 2019 | 02:57

They also talked about the extradition case of a Huawei executive in Canada. China denied Ms Wanzhou was guilty and demanded she be released , saying otherwise "Canada must accept full responsibility for the serious consequences caused".

by | January 17, 2019 | 02:32

Though defeat was widely expected, the scale of the rout - 432-202 - was devastating for May's leadership. Tory rebel Nick Boles today claimed 400 MPs back a soft Brexit - as he lashed Theresa May for failing to get cross party support for a deal.

by | January 17, 2019 | 01:56

Richard C. Kelly, Chairman of PG&E said, "While we are making progress as a company in safety and other areas, the board recognizes the tremendous challenges PG&E continues to face". PG&E has come under intense scrutiny following the devastating wildfires in California after it emerged that some of its equipment may have sparked the blazes.

by | January 16, 2019 | 05:11

Trump fielded bipartisan backlash after he initially condemned the violence "on many sides" without singling out white supremacists and neo-Nazis. "Mr. In reacting on Twitter to Lieberman's comments last week, Ocasio-Cortez suggested Lieberman had been left behind by the changes in the Democratic Party .

by | January 14, 2019 | 03:06

Why does this matter? Around 800,000 federal employees have been furloughed or are working without pay. As such many staff are having to make hard decisions about how to spend their time. where airport staff will distribute some of the lunches. In fact, just this week, a number of government employees received their paycheque made out to the value of $0.00.

by | January 13, 2019 | 02:11

During an interview at The Economic Club of Washington, D.C., Powell said that continued shutdown stopped some of the data feed that the Fed needed, making the outlook of US economy less clear, thus complicating policy-making. Big picture: "they don't have that much further to go and they don't have to go there fast", said Robert Tipp, chief investment strategist with PGIM Fixed Income in Newark, New Jersey.

by | January 08, 2019 | 01:45

She made a big one during a sit-down with Anderson Cooper that aired on "60 Minutes" on Sunday. "I think that there's a lot of people more concerned about being precisely, factually, and semantically correct, than about being morally right".

by | January 08, 2019 | 01:34

The article claimed that the trade war affected the 2018 US midterm election results-echoing a propaganda ploy by Beijing that the trade tariffs have impacted business for farmers in USA heartland states that voted for Trump during the presidential elections.

by | January 07, 2019 | 01:16

Goldman Sachs says Apple admitting that iPhone sales are declining is just the beginning of a longer drop , adding that further revisions to the earnings guidance are likely throughout the year. Apple chief executive Tim Cook said in a letter to shareholders, published after the close of trading on Wednesday, that it "did not foresee the magnitude of the economic deceleration" in China.

by | January 04, 2019 | 19:32

As per the report , the law took effect just last January 1 and prohibits restaurants from having straws available in the open in the hopes of completely banning them by 2020. A short time later, there was a report of an unarmed robbery at a Shell station, says CBS Tampa affiliate WTSP-TV . McDonald's is aware of the incident and cooperating with police.

by | January 03, 2019 | 00:58

Tesla disappointed investors Wednesday after announcing that it delivered 90,700 vehicles during the fourth quarter, more than 2,000 vehicles short of what Wall Street analysts expected . At current delivery rates, Tesla's reductions would cost it more than £550million in 2019, he said. "In sum, this was a strong quarter for Tesla, but Model 3 deliveries missed Street expectations, and this will be a cloud over the name until the company reports earnings in late January and gives ...

by | January 01, 2019 | 02:27

A liquidation sale will begin in two weeks. Sears filed for bankruptcy protection on October 15. The offer from Lampert and his ESL Investments, the chain's biggest shareholder and creditor, keeps hope alive for the iconic department store company and up to 50,000 employees.

by | December 31, 2018 | 03:20

A suspected malware attack prevented distribution of the Saturday edition of the Los Angeles Times to many subscribers. The Los Angeles Times , which runs the facility, says the computer virus infected systems that are associated with the printing process.

by | December 30, 2018 | 02:11

Sears told the court it has seen interest from multiple parties, including some who would liquidate the company, according to a CNN report. "He has too much to gain and too much to lose by not making a bid", said bankruptcy attorney Eric Snyder of Wilk Auslander.

by | December 30, 2018 | 01:29

The delegation will be led by Deputy U.S. Trade Representative Jeffrey Gerrish and will include David Malpass, Treasury under secretary for worldwide affairs, Bloomberg said. Beijing so far has pledged to resume buying American soybeans and to at least temporarily lower retaliatory tariffs on USA autos. The U.S. Trade Representative's Office and the Treasury Department did not immediately respond to requests for comment.

by | December 29, 2018 | 01:37

Sears is not the only iconic department store struggling to stay alive; JC Penney has likewise been scrambling to figure out how to compete in an increasingly online and mall-averse shopping climate. Sears chairman Eddie Lampert proposed to buy out the company as a whole through his hedge fund, ESL Investments, for $4.6 billion. This latest round of closings would take Sears closer to 400 remaining stores, not the 500 it was seeking to continue to operate.

by | December 29, 2018 | 01:11

There are no injuries reported . InsideEdition.com's Lisa Voyticki reports. Con Edison said the airport switched to a backup generator during the transmission disturbance, and all power lines serving the area were in service and the system was stable.

by | December 28, 2018 | 00:28

Dow Jones was down 387.30 points at 22,491.15, the S&P 500 was down 39.21 points at 2,428.49 and the Nasdaq was down 98.10 points at 6,456.25. The S&P was up four percent Wednesday while the Nasdaq rose 4.8 percent. I am 100 percent not saying we are in a situation like 2008 now, but look at October 10, 2008 to October 13, 2008: the market rose almost 12 percent in one day.

by | December 26, 2018 | 03:45

The National Retail Federations says about 7-percent of Americans will shop on Christmas Eve . Starbucks : Some Starbucks locations will be open for part of the day. Galleria at Sunset mall: Open until 6 p.m. Christmas Eve . Circle K . All locations are open normal hours on Christmas Day . Macy's: Macy's is open until 6 p.m.

by | December 25, 2018 | 02:13

Paddy Murphy's is open for lunch only on Christmas Eve , and will open at 7 p.m. on Christmas Day with full bar service and a limited menu. Here's a rundown of the major chains and their hours on Christmas Eve and Christmas Day . Dysart's on Broadway is closed, but the Hermon location opens at 5 p.m. on Christmas Day . Yorkdale Mall: 8 a.m.to 11 p.m. The malls are closing at 6 p.m.

by | December 24, 2018 | 04:06

The stock market is on track for its worst year in a decade , with many sectors down more than 20 percent - technically a bear market . "He and I have joked about it", Mulvaney said of the clip. His program of pushing up borrowing costs even as inflation expectations ease is blamed for exacerbating and even causing the meltdown in equities. "So Powell's approval rating on Wall Street is crashing like the Dow Jones", Bianco said.

by | December 24, 2018 | 02:47

Several BJP state government were quick to announce loan waivers following the new Congress chief ministers' announcements. GST on walking stick was reduced from 12 per cent to 5 per cent. While the GST on third party motor vehicle insurance has been cut from 18 to 12 oer cent, cinema tickets up to Rs 100 have also been granted a similar reduction.

by | December 22, 2018 | 00:14

Budweiser maker Anheuser-Busch InBev SA has joined the growing ranks of alcohol giants dipping their toes into the cannabis industry through a research partnership with Canadian pot firm Tilray. The value of venture capital deals in the US marijuana industry more than doubled this year compared to 2017, according to data from Pitchbook, and private equity investments in cannabis increased by more than one-third.

by | December 21, 2018 | 04:03

The Dow plummeted 507.53 points or 2.1 percent to 23,592.98, the Nasdaq tumbled 156.93 points or 2.3 percent to 6,753.73 and the S&P 500 plunged 54.01 points or 2.1 percent to 2,545.94. The S&P 500 and the Nasdaq were both lower by about 1.7%. Benchmark U.S. crude fell 2.6 percent to $49.88 a barrel in NY. The U.S. economy "can ill afford a major policy error, either from the Fed or the rest of the administration", said the authors.

by | December 21, 2018 | 03:29

Mr Trump said the USA would pull out of the 1987 Intermediate-Range Nuclear Forces (INF) treaty because Russian Federation had "violated" it. Another U.S. Earlier this month, Maria Butina pleaded guilty to a conspiracy charge for trying to infiltrate conservative political groups in the USA, as part of a deal with federal prosecutors.

by | December 21, 2018 | 02:28

Sanders said in her statement that the president would meet with Republican House members at noon. His Twitter threat came a day after the Senate sent the House a criminal justice overhaul package that some of his allies said Wednesday suggested next year might provide some actual bipartisan legislation.

by | December 20, 2018 | 02:28

According to the New York Times , citing internal documents and interviews with former employees, the social network gave tech companies deep access to user data. The social network is said to have given Netflix and Spotify the ability to read your messages. Facebook shares fell less than 2 percent in NY 11:32 a.m.

by | December 19, 2018 | 03:22

Mark Rober is said former NASA-employed engineer and he uses his skillset for unique creations, scientific experiments, and more on his YouTube channel . It shows how Rober connected four phones to a GPS-connected circuit board inside an Apple box. Rober chose to record videos of people attempting to steal the device, which has been in the Apple Homepod box.

by | December 19, 2018 | 02:05

Charles Schwab Chief Investment Strategist Liz Ann Sonders on the outlook for Federal Reserve policy, the US economy and the state of the markets. Nearly all 60 economists polled by The Wall Street Journal earlier this month estimated that the Fed would raise rates again this week.

by | December 14, 2018 | 02:00

Passengers on a flight from Seattle to Dallas were turned around for an unusual reason over the weekend - a human heart was left on board. Because a human heart that someone needed had been left on the plane from a previous flight. A passenger on the flight told the Times that his fellow passengers were initially stunned by the news. The plane had an unrelated mechanical issue after landing back at Seattle airport and the passengers were told to exit the plane.

by | December 14, 2018 | 01:57

The extra taxes meant USA auto companies like Tesla and Ford's Lincoln staring down financial losses. "We expect China to resume purchases of other farm products from the United States, including corn", said Li. According to the report by Bloomberg , auto stocks went up after news broke that the steep tariffs that the Chinese government had placed on imported USA vehicles may possibly be relaxed.