Money

India lauds US exemption on Iranian oil sanctions

India lauds US exemption on Iranian oil sanctions

U.S. West Texas Intermediate crude futures were on track for the 10th straight day of declines, the longest such streak since July 1984, according to Refinitiv data. Mr. Pompeo has urged the exempted countries to reduce their energy import from Iran, but the Indian spokesperson did not provide any indication on this subject. Read More

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Amazon to Split HQ2 Between Crystal City, VA and NYC?

Amazon to Split HQ2 Between Crystal City, VA and NYC?

Jeff Bezos , Amazon's CEO, recently said that the company looked at data to help make its decision "but then you make that decision with your heart". The question of where Amazon will build its second major campus has company officials slamming leaks to news media. Since announcing its short list in January, Amazon has given virtually no publicupdates beyond reiterating that a decision would be made this year. Read More

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Trump visits Pittsburgh synagogue after mass shooting

Trump visits Pittsburgh synagogue after mass shooting

Robert Gregory Bowers, a 46-year-old truck driver who authorities say raged against Jews, was arrested on federal hate-crime charges that could bring the death penalty. Stein's funeral was one of four scheduled for Tuesday. The Trumps first went inside the vestibule of the synagogue , where they lit candles for each victim before stepping outside. Read More

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US Fed's vice chair backs further rate hikes

US Fed's vice chair backs further rate hikes

The US economy is in good shape to keep expanding, but more interest rate increases will be needed to maintain that trajectory without inflation, newly-installed Federal Reserve Vice Chairman Richard Clarida said on Thursday (Oct 25). In an interview with the Wall Street Journal , Trump hinted that he regretted nominating Powell in the first place. The Dollar advanced Wednesday after shrugging off President Donald Trump's latest attack on the Federal Reserve (Fed), which saw him ... Read More

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$1M winning Powerball ticket sold at Surprise Circle K

$1M winning Powerball ticket sold at Surprise Circle K

The $1.537 billion jackpot was just shy of the largest ever in the United States, behind January 2016's $1.586 billion Powerball prize. Ticket sales in MA for that drawing totaled more than $32 million, officials said. But the South Carolina Education Lottery has a message for the person or group with the lucky ticket. The odds of winning the Powerball jackpot are 1 in 292.2 million. Read More

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Apple And Samsung Have Been Fined For Intentionally Slowing Down Phones

Apple And Samsung Have Been Fined For Intentionally Slowing Down Phones

The anti-trust body said in a statement that some Apple and Samsung firmware updates " had caused serious dysfunctions and reduced performance significantly, thereby accelerating the process of replacing them ". Samsung was fined €5 million for encouraging Galaxy Note 4 users to install a new version of Android that slowed down their phones. Complaints of "planned obsolescence" appear to have carried a bit of weight, as the Italian anti-trust team has passed down fines to both companies. Read More

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Crude prices plunge as Saudi Arabia reassures market on supply

Crude prices plunge as Saudi Arabia reassures market on supply

Oil in NY slid more than 5% in Tuesday's session as Saudi Arabia pledged to meet any supply shortfalls and as a risk-off sentiment spread throughout global markets. But he added that with Iranian sanctions coming into full force next month, there were no guarantee oil prices would not go higher. He insisted earlier this week that OPEC's largest producer would continue to separate oil and politics, pledging sufficient supply amid market anxiety following the killing of journalist Jamal ... Read More

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Mega Millions lottery jackpot reaches record-breaking $1.6 billion prize

Mega Millions lottery jackpot reaches record-breaking $1.6 billion prize

The Mega Millions game, which was created in 2002, has seen changes over the years that have reduced the chances of winning, meaning bigger and bigger jackpots. On Saturday a ticket purchased in Knoxville won $2 million dollars by matching all five white numbers drawn just one number shy of the jackpot. For an additional $1 you can get a "Megaplier" ticket that will increase the amount of the smaller prizes, but not the grand prize. Read More

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'Cheaper' Tesla Model 3 nowhere near $35K promised

'Cheaper' Tesla Model 3 nowhere near $35K promised

In total, the mid-range Model 3 starts at $5200 less than the previous least-expensive model, the rear-wheel drive Long Range. Tesla says its Standard Battery model, which is pegged to be its entry model at $35,000 Dollars (about $45,900 CAD) and widely promised as its most affordable, will be coming in 4-6 months. Read More

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Mega Millions winning numbers announced

Mega Millions winning numbers announced

The sales for all the tickets sold in MA for Tuesday's Mega Millions drawing totaled about $6.824 million. The lottery prize is the largest-ever for Mega Millions and the country's second-highest on record, trailing a US$1.586 billion Powerball jackpot that was paid out in 2016. Read More

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Electrolux Plans to Stay with Bankrupt Sears

Electrolux Plans to Stay with Bankrupt Sears

Early Monday morning, Sears announced it had filed for Chapter 11 bankruptcy - which would allow it to reorganize and possibly reemerge from bankruptcy with some part of the business intact - and received commitments for $300 million in debtor-in-possession financing to carry through the bankruptcy period while it restructures its debt and reorganizes its business. Read More

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Customers asked to limit use of natural gas | Cranbrook, East Kootenay

Customers asked to limit use of natural gas | Cranbrook, East Kootenay

FortisBC has approximately one million gas customers and it is estimated that about 70% of the customers have the potential to lose gas supply. Enbridge has no estimated time yet for when gas supplies will resume. "Basically, don't panic", he said in an interview. There was also a considerable amount of gas stored within the pipelines themselves, under pressure, but not in liquid form, said Swanson. Read More

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Trump, Xi to meet amid trade war tensions

Trump, Xi to meet amid trade war tensions

China is not backing down as tensions escalate with the United States , issuing a mock-proposal yesterday that the trade deficit would be easily closed if America sold expensive military equipment to Beijing. "We will watch for downside risks to China's exports" in the fourth quarter, Wang said. The world's largest trading nation got off to a strong start this year, but its economic outlook is being clouded by the escalating US trade dispute and cooling domestic demand. Read More

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U.S. payrolls and wages cool while jobless rate hits 48-year low

U.S. payrolls and wages cool while jobless rate hits 48-year low

That reversed the bulk of the increase from the prior week when claims were boosted by Hurricane Florence , which slammed North and SC in mid-September. "I view this as the strongest labor market in a generation", said Andrew Chamberlain, chief economist at the career site Glassdoor. But wage increases so far have been modest, something that puzzles economists but allows the Fed to move gradually. Read More

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Dairy farmer in Kingston region upset with new USMCA deal

Dairy farmer in Kingston region upset with new USMCA deal

With the Trump administration calling the new trade agreement a big win for farmers, he worries that these systemic issues will be overlooked again once the trade deal is signed. Groleau, who was among the group that met with Trudeau, said they stressed the need for a true compensation program that covers farmers' losses. A new negotiated preliminary agreement between the three countries, renamed the United States-Mexico-Canada Agreement, was recently announced. Read More

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Tesla 3Q production numbers up but can they be sustained?

Tesla 3Q production numbers up but can they be sustained?

The company said on Tuesday it missed its production target of 6,000 Model 3s by 700 cars in the final week of September and outlined hurdles it faced due to the worsening of President Donald Trump's trade war with China. As part of a settlement agreed with the commission for that tweet, Elon was made to pay a penalty of $20 million as well as agreeing to step down as Tesla's chairman. Read More

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