Markets

Venezuela Oil Sanctions Pose a Challenge for Chevron and Valero, Analysts Say

Venezuela Oil Sanctions Pose a Challenge for Chevron and Valero, Analysts Say

In response, USA national security adviser John Bolton warned of "serious consequences for those who attempt to subvert democracy and harm Guaido", in a tweet that described Saab as the "illegitimate former Venezuelan Attorney General". The U.S. State Department says American's shouldn't travel to Venezuela and it warns of unrest and the threat of being arbitrarily arrested. PDVSA responded to the sanctions by ordering customers with tankers waiting to load crude destined for the United ... Read More

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Theresa May turns on her own Brexit deal

Theresa May turns on her own Brexit deal

Brussels has repeatedly said it does not want to reopen the Withdrawal Agreement, which has been signed off by the other 27 European Union leaders, and has said there must be a "backstop", a guarantee to ensure there is no return to a hard border between Ireland and the British province of Northern Ireland. Read More

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US charges Huawei in technology theft, sanctions violations

US charges Huawei in technology theft, sanctions violations

Huawei , now the No. 2 smartphone manufacturer in the world ahead of Apple, faces 23 criminal charges spanning two separate indictments by the US Department of Justice. U.S. prosecutors say Huawei used a Hong Kong shell company called Skycom to sell equipment in Iran in violation of United States sanctions. Chinese media have suggested Meng's arrest was politically motivated, and U.S. Read More

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BuzzFeed to reportedly lay off 15 percent of its workforce

BuzzFeed to reportedly lay off 15 percent of its workforce

Digital media company BuzzFeed has started laying off several employees after it announced it will be cutting 15 percent of its jobs, or about 200 people, to trim expenses and become profitable. BuzzFeed News has published impactful political reporting over the past year but has been a drag on the company's finances. Verizon acquired HuffPost in 2015 (as a part of AOL), but so far the telecom giant hasn't cut costs enough to make media margins pay off: Verizon also cut 39 ... Read More

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The Government Shutdown Is Now Affecting National Security(HBO)

The Government Shutdown Is Now Affecting National Security(HBO)

Departure delays at Newark's airport is between 30 and 44 minutes due to an air traffic control program, FlightAware said in a message on its website . VICE News' Alex Jaffe spoke to some federal workers about how the shutdown could impact USA national security. The Federal Aviation Administration is seeing delayed flights at LaGuardia Airport in NY because of a shortage of air traffic control and TSA workers. Read More

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Venezuelan military: the muscle behind Maduro

Venezuelan military: the muscle behind Maduro

From then on, countries in the region realized they had a partner in the US willing to tackle a crisis that had been years in the making but which previous USA administrations had chosen to play down because of limited national security implications, said Fernando Cutz, a former senior national security adviser on Latin America to both President Barack Obama and Trump. Read More

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Keir Starmer says 'public vote has to be an option' for Labour

Keir Starmer says 'public vote has to be an option' for Labour

The comments came as worldwide trade secretary Liam Fox said it is largely down to other countries to "put the work in" to ensure the UK's free trade agreements continue to apply after a no-deal Brexit scenario. "The Legal Service. takes the view that. the European Council could validly adopt a decision containing a scenario for the composition of Parliament without seats envisaged for the United Kingdom, if the latter had not formally withdrawn from the Union at the time of adoption of this ... Read More

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Canada rebuffs Chinese warnings of ‘repercussions’

Canada rebuffs Chinese warnings of ‘repercussions’

U.S. President Donald Trump's administration has been pushing European allies to block Huawei from telecom networks amid a wider dispute over trade with China. Goodale noted that China had made similar comments after Australia banned Huawei from supplying 5G equipment a year ago. China escalated tensions shortly after Huawei chief financial officer Meng Wanzhou's arrest - which was carried out at the request of US authorities who want her extradited to face fraud charges - by detaining ... Read More

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UK’s May faces no-confidence vote after Brexit plan crushed

UK’s May faces no-confidence vote after Brexit plan crushed

Moments after the vote, May said it was only right to test whether the government still had lawmakers' support to carry on. Lawmakers voted 325 to 306 that they have confidence in May's government, just 24 hours after they handed her Brexit deal a crushing defeat that left Britain's exit from from the European Union in disarray 10 weeks before it is due to leave. Read More

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TSA staffing shortages hit nation's busiest airports amid government shutdown

TSA staffing shortages hit nation's busiest airports amid government shutdown

But screener staffing shortages forced George Bush Intercontinental Airport to shut down a security checkpoint and ticketing counter in Terminal B on Sunday afternoon, the airport said in a statement. TSA spokesman Jim Gregory told CNN the department was aware of the situation in Houston . Durham said that the airport had brought in more "customer engagement agents" to guide passengers. Read More

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United States to 'devastate Turkey economically' if it attacks Syrian Kurds

United States to 'devastate Turkey economically' if it attacks Syrian Kurds

Last week, US National Security Advisor John Bolton said a planned withdrawal of US troops from Syria was conditional on Turkey promising that it would not attack the YPG. For after years of working at odds with USA policy goals in Syria, Erdogan wrote this treatise not to support US objectives, but to capitalize on an unprecedented chance to shape northern Syria and the lives of the Kurds who live there to his liking. Read More

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Apple admits it is going to miss iPhone sales

Apple admits it is going to miss iPhone sales

In a letter to investors from CEO Tim Cook on Wednesday, the company lowered revenue guidance to 84 billion US dollars, down from the 89-93 billion dollars range it had previously projected . He noted that China's economy started to weaken in second-half 2018. But Cook also mentioned fewer carrier subsidiaries on new iPhones, as well as the dramatically lowered battery replacement price for older models (due to Apple's iPhone slowdown drama from late 2017), as contributing factors. Read More

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Shutdown could delay IRS tax refunds

Shutdown could delay IRS tax refunds

Funds cut off to the USDA and Treasury Department is learned to be hampering abilities to give food stamp or supply tax refunds. While the document notes the plan can be reassessed and furloughed employees can be recalled, The Wall Street Journal reported Wednesday and CNN reported Thursday that the IRS generally does not issue refunds during a shutdown. Read More

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Tesla cuts prices as 4Q deliveries miss analysts' estimates

Tesla cuts prices as 4Q deliveries miss analysts' estimates

Tesla said fourth-quarter deliveries were 8 percent higher than its previous quarterly peak in the third quarter of 2018. He said the cut in prices was likely weighing on the stock. Shares were last down 7.8% at $306.97. The missed expectation is especially noteworthy because the fourth quarter of 2018 was the last period during which customers could earn a major federal tax credit for buying an electric vehicle, which would have boosted sales. Read More

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Winning ticket sold in NY for $425 million Mega Millions jackpot

Winning ticket sold in NY for $425 million Mega Millions jackpot

The winning numbers were 34, 44, 57, 62, 70 and Mega Ball 14. The ticket was sold in Long Island. It was the second time the Mega Millions jackpot has been won on New Year's Day. Winners can be identified only after the prizes are claimed and tickets are validated, according to the Pennsylvania Lottery. The next Powerball drawing is Wednesday with an estimated jackpot of $53 million. Read More

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Amazon's Shares Jump 6 Percent After Record-Breaking Holiday Sales

Amazon's Shares Jump 6 Percent After Record-Breaking Holiday Sales

The last Prime Now delivery on Christmas Eve made at 11:30 pm in Berkeley, Calif. Millions of items in the US were shipped with Prime free same-day shipping, Prime free one-day shipping and Prime Now free two-hour delivery. Even better, the entire smart home segment did well in Amazon's stores, with Amazon's own devices breaking records and other devices being some of the most popular items bought from the e-commerce giant. Read More

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Stock market trying to rebound after disastrous Christmas Eve

Stock market trying to rebound after disastrous Christmas Eve

Trading volume was lighter than usual following the Christmas holiday. Only one of the S&P 500's components, Newmont Mining finished down on the day. The sector rose more than 6%, led by Kohl's Corporation (NYSE: KSS ) and Amazon .com, Inc. The Nasdaq Composite is up 2.5 percent at 6,349. The resurgence nearly marked the largest uptick on a percentage basis sine March 2009, when it rose 5.8%. Read More

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Trump increasingly frustrated with Treasury Sec. Mnuchin

Trump increasingly frustrated with Treasury Sec. Mnuchin

On Tuesday, Trump had complained that the Fed is raising interest rates too quickly, this after a precipitous 650-plus point plunge in the Dow Jones Industrial Average in a shortened pre-holiday trading session on Monday. About 5.9 billion shares changed hands in US exchanges, compared with the 8.9 billion-share daily average over the last 20 sessions. The partial government shutdown, which began midnight Saturday after Washington failed to reach a deal for funding a border ball, stands to ... Read More

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Sears may be down to its last 24 hours

Sears may be down to its last 24 hours

The company plans to shutter 80 stores beginning in late March and liquidation sales could begin in two weeks, the company said. Sears, the 125-year-old retail icon, has less than 24 hours to survive. But no official bid appeared to have emerged as of 4 p.m. Friday. As the deadline looms for Lampert to submit his offer, Sears advisors only have until January 4, to make the decision on whether he is a "qualified bidder". Read More

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Dow plunges after biggest point gain in history

Dow plunges after biggest point gain in history

Data released by Mastercard and Amazon also showed strong holiday sales for retailers. The S&P 500 sank more than 2 per cent, before paring losses, unable to add to a 5 per cent surge that was the biggest since March 2009. The market remains on track for its worst December since 1931, during the depths of the Depression, and could finish 2018 with its biggest losses in a decade. Read More

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