Markets

Ghosn to stay in jail for Christmas after new charges filed today

Ghosn to stay in jail for Christmas after new charges filed today Prosecutors say Ghosn and Kelly are flight risks. Ghosn and another former Nissan executive, Greg Kelly, were arrested November 19 and charged with underreporting Ghosn's income by about 5 billion yen ($44 million) in 2011-2015. "If there was a conviction, I think it would mean that there's been a judgment that it's more than just typical self-dealing corporate malfeasance but something that r... [Full Article...]

How major United States stock indexes fared Friday National News

How major United States stock indexes fared Friday National News Major indexes fell more than 1 percent in midday trading Thursday, bringing their losses over the previous six days to about 6 percent. The S&P 500 and the Dow, are both in correction territory (greater than 10% decline from recent top), and are also in a position to post their worst December performance since the Great Depression in 1931. [Full Article...]

Markets slump after Fed hikes rates

Markets slump after Fed hikes rates Observing that neither the pace nor the ultimate destination of any further rate increases is predetermined, Powell said the Fed will adjust monetary policy as best it can to keep the expansion on track, the labour market strong and inflation near two per cent. [Full Article...]

Markets sweep downward again, with no sign ahead of a Santa rally

Markets sweep downward again, with no sign ahead of a Santa rally The Empire State Manufacturing Survey's headline general business conditions index, aggregated by the Federal Reserve Bank of NY, fell 12.4 points to 10.9 in December, weaker than analysts' expectations of around 20.6. The pullback seen yesterday afternoon pulled the Dow down to its lowest closing level in over eight months, while the Nasdaq and the S&P 500 dropped to their lowest closing levels... [Full Article...]

Drones suspend flights at Gatwick Airport in UK

Drones suspend flights at Gatwick Airport in UK According to the airport, the drones were first seen at 21:03 GMT on Wednesday, followed by "multiple reports" of sightings. The airport advised those heading to Gatwick to travel or collect relatives to check the status of their flight . [Full Article...]

Parrot uses Alexa to make Amazon purchases while his owner is away

Parrot uses Alexa to make Amazon purchases while his owner is away He'd been ordering all the things he likes to eat, including strawberries, ice cream, watermelons, raisins and broccoli. Originally reported via The Times of London , the parrot - whose name is Rocco - would mindlessly activate Alexa and have the virtual assistant tell jokes and play music. [Full Article...]

Virgin Galactic's test flight looks dang impressive in new video

Virgin Galactic's test flight looks dang impressive in new video A jet carrying Virgin Galactic's tourism spaceship has taken off from a California airport on a test flight . Virgin Galactic, which is focused on space tourism, aims to use SpaceShipTwo to take paying customers for a short journey to and from space. [Full Article...]

Vitaminwater will pay you $100,000 to ditch your smartphone for a year

Vitaminwater will pay you $100,000 to ditch your smartphone for a year Those thinking they're up for the challenge can enter by sharing what they'd do instead of scrolling through their phone by using the hashtags #nophoneforayear and #contest on social media platforms Instagram and Twitter . The company says they will provide the victor with a 1996-ear phone, reportedly a Nokia 3310. Some say they will go out in nature while others say they would spend more... [Full Article...]

China to 'cut United States vehicle tariff to 15%'

China to 'cut United States vehicle tariff to 15%' The back-and-forth is the latest in a trade tow triggered by USA claims that China engages in "unfair" trade practices, such as theft of intellectual property. Stock markets aroused on Wednesday as U.S. President Donald Trump sounded energetic about an economic agreement with China, while sterling rose off multi month lows as Prime Minister Theresa May promised to battle a test to her initiative... [Full Article...]

Here are the winners and losers from the new farm bill

Here are the winners and losers from the new farm bill More than 40 million Americans, or about 12 percent of the USA population, depend on the SNAP food stamps program to keep from going hungry. For instance, the farm bill permanently secures funding for a program that funds and promotes local farmers markets, as well as a program to research challenges facing organic farmers. [Full Article...]

Saudi Energy Minister Says he Discussed Oil Market with US Counterpart

Saudi Energy Minister Says he Discussed Oil Market with US Counterpart Oil market watchers have been closely monitoring the situation to determine how the oil production cut will affect the oil prices, which is expected to soar for fiscal year 2019, according to some analysts. He appreciated the decision of the OPEC + countries to regulate the oil market and stabilize the oil prices. Iran maybe exporting around 1 million barrels per day now and any reduction ma... [Full Article...]

Oil: Market fundamentals are turning more favorable for the price - Danske Bank

Oil: Market fundamentals are turning more favorable for the price - Danske Bank After hitting highs of more than US$52 per barrel in October, the discount on Western Canadian Select bitumen-blend crude versus New York-traded West Texas Intermediate settled at about US$15 per barrel on Friday, according to Net Energy. Al Falih told reporters in Vienna that OPEC will seriously consider views of world leaders like Modi, who represent the voice of major consuming nations, befor... [Full Article...]

Highlights from Musk's 60 Minutes interview

Highlights from Musk's 60 Minutes interview Musk suggested the company "might make some mistakes". Musk, who owns about 20 percent of Tesla , gave up the chairman role under a settlement with the Securities Exchange Commission, which had charged the CEO with misleading investors in August with a tweet that said he had "funding secured" for taking the company private. [Full Article...]

Confidential IPO filing for contentious Uber expected to raise $120 billion

Confidential IPO filing for contentious Uber expected to raise $120 billion This means Uber needs to prep for an IPO filing sooner rather than later. This story is developing . The move puts Uber and Lyft in a race to Wall Street, an indication that both companies expect investors to have an appetite for only one ride-hailing company. [Full Article...]

Altria investing $2.4B in Canadian cannabis producer Cronos

Altria investing $2.4B in Canadian cannabis producer Cronos Prior to Friday's announcement, Cronos had confirmed reports that it was in talks with Altria . "This is big for everyone", Cronos CEO Mike Gorenstein said in an interview with Marijuana Business Daily . A wave of cannabis producers have set up shop in Canada, where recreational use was legalised earlier this year. "In Canada the focus seems to still be on capacity, but that is not what this... [Full Article...]

USA hiring slowed to 155K jobs, trucking gains on seasonally adjusted data

USA hiring slowed to 155K jobs, trucking gains on seasonally adjusted data In the a year through November, compensation expanded 3.1 percent, coordinating October's hop, which was the greatest gain since April 2009. Employers hired fewer people than forecast in November, according to the monthly jobs report from the Bureau of Labour Statistics. [Full Article...]

Theresa May rejects cabinet pleas to postpone Brexit vote

Theresa May rejects cabinet pleas to postpone Brexit vote The British Government says it aims to conclude a comprehensive trade deal with the European Union before a backstop arrangement would be needed. In the Commons , MPs have continued their debate on the Prime Minister's deal, with critic after critic on all sides standing up to say why they don't want to back it. [Full Article...]

Huawei CFO Meng Wanzhou to appear in Vancouver court for bail hearing

Huawei CFO Meng Wanzhou to appear in Vancouver court for bail hearing Asian indices were mostly in positive territory on Friday after a calmer end to trading in NY while the FTSE was forecast to open nearly 2% higher - recovering much of the previous day's losses . Patrick Chovanec, a well-known American China analyst and managing director of Silvercrest Asset Management, responded on Twitter: "If she broke the law, she should be arrested and tried". [Full Article...]

Huawei CFO reportedly arrested in Canada for breaking US-Iran trade sanctions

Huawei CFO reportedly arrested in Canada for breaking US-Iran trade sanctions In a statement issued exclusively to the News from Huawei's corporate head office, the company explained how Meng was "provisionally detained by the Canadian authorities on behalf of the United States of America, which seeks the extradition of..." Huawei said it had little information about the charges and was "not aware of any wrongdoing by Ms Meng". [Full Article...]

Qatar to leave OPEC group in January 2019

Qatar to leave OPEC group in January 2019 Moreover, OPEC only deals with crude oil, not the liquefied natural gas Qatar is better at producing, and the U.S.is a net exporter of liquefied natural gas anyway . Naeem Aslam, an analyst at online broker ThinkMarkets.com, told The Guardian that the other 14 members of OPEC had not assessed the full impact of Qatar's exit. [Full Article...]


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