Markets


Outage puts YouTube on pause Outage puts YouTube on pause
- October 17, 2018

ET. On the YouTube mobile app, users saw the "Error loading / Tap to retry" error message when they attempted to play videos. Messages posted to YouTube's Twitter page indicated the company was aware of the issue and was "actively working" to resolve it. (more...)
Is Elon Musk launching a Tesla-themed tequila? Is Elon Musk launching a Tesla-themed tequila?
- October 17, 2018

A U.S. judge has approved the settlement between the Securities and Exchange Commission, Tesla and its Chief Executive Officer Elon Musk . Musk tweeted a photo of the liquor, complete with Tesla branding and logo . Earlier this year, the Tesla CEO teased netizens with the idea of a Tesla-branded tequila, calling it "Teslaquila' and it got the attention of many". (more...)
Trump warns Honduran president to stop migrants en route to U.S. Trump warns Honduran president to stop migrants en route to U.S.
- October 17, 2018

The second caravan this year reached 3,000 migrants and continued to grow as more workers joined fellow asylum seekers along the Honduras-Guatemala border. The big question: Will authorities detain them before they reach the United States border? Pence addressed the three leaders on Thursday in Washington, at the Conference for Prosperity and Security in Central America. (more...)
Modi urges oil suppliers to review payment terms to give rupee relief Modi urges oil suppliers to review payment terms to give rupee relief
- October 16, 2018

U.S. crude stockpiles are expected to have risen last week for the fourth straight week, by about 1.1 million barrels, according to a Reuters poll ahead of reports from the American Petroleum Institute (API) and the U.S. Modi sought greater participation of private companies in the distribution of the gas sector. Senior Director at World Bank Riccardo Puliti also attended the meeting. (more...)
Mega Millions, Powerball, Hoosier Lotto jackpots soaring Mega Millions, Powerball, Hoosier Lotto jackpots soaring
- October 16, 2018

Powerball's jackpot also represents: There is a top prize of at least $ 345 million on Wednesday. The last Mega Millions win occurred on July 24 when a group of 11 co-workers in California split a $543 million prize. That's the fourth largest lottery prize in US history. Even though no one took home Friday's big prize, there were 2,651,183 winning tickets on the October 12 across all prize levels. (more...)
Air hostess falls from aircraft in Mumbai Air hostess falls from aircraft in Mumbai
- October 16, 2018

The Air India has termed the incident as "unfortunate" and promising an inquiry. Lobo apparently suffered from leg and heel fractures as well as some soft tissue and spine damage, but is conscious and receiving treatment. The airline is now looking into whether the incident was caused by a technical snag or pilot error. "The matter is under investigation", an Air India spokesperson said. (more...)
Trump Speaks to Saudi King, Sends Pompeo for Follow-Up Trump Speaks to Saudi King, Sends Pompeo for Follow-Up
- October 16, 2018

U.S. President Donald Trump threatened " severe punishment " for the kingdom if the journalist is found to have been killed. But now Saudi Arabia is under scrutiny, as questions swirl around the disappearance of Jamal Khashoggi, a Saudi journalist who wrote opinion columns for The Washington Post . (more...)
Sears files for bankruptcy, deserted by shoppers and mired in debt Sears files for bankruptcy, deserted by shoppers and mired in debt
- October 15, 2018

In the fiscal second quarter ended August 4, net losses in the quarter swelled to $508 million, or $4.68 per share, compared with a loss of $250 million, or $2.33 cents per share in the same quarter a year ago. But the onset of discounters like Walmart created challenges for Sears that have only grown. Lampert's efforts to keep Sears out of bankruptcy have included shedding hundreds of unprofitable stores. (more...)
Pompeo to meet with Saudi king amid Khashoggi probes: Donald Trump Pompeo to meet with Saudi king amid Khashoggi probes: Donald Trump
- October 15, 2018

The Saudi government has described the allegations as "baseless", but have offered no evidence that Mr Khashoggi left the consulate. Such a search would be an extraordinary development, as embassies and consulates under the Vienna Convention are technically foreign soil. (more...)
Patisserie Valerie owner's suspended finance head arrested, released on bail Patisserie Valerie owner's suspended finance head arrested, released on bail
- October 15, 2018

A further statement was expected from the company later on Friday to update investors on the hunt for new capital to shore up its finances. It said: "The company has been made aware that Chris Marsh, who is now suspended from his role as company finance director, was arrested by the police last night and has been released on bail". (more...)
Sears, Once America’s Biggest Store, Collapses Into Bankruptcy Sears, Once America’s Biggest Store, Collapses Into Bankruptcy
- October 15, 2018

Lampert learned long ago that he could make money from from selling off some of the company's signature brands, like Craftsman tools and Lands End. The company filed for Chapter 11 protection from creditors with the US Bankruptcy Court in White Plains, New York, listing more than US$10 billion in debts and more than US$1 billion in assets. (more...)
Trump calls Trump calls "loco" Federal Reserve "too aggressive" -Fox interview
- October 15, 2018

The Fed is going wild. "They're raising interest rates and it's ridiculous". Still, he said , "I'm not going to fire him". In comments to the press in Erie, Pennsylvania, Trump said, "I think the Fed is making a mistake ". Hassett pointed to the six nominees Trump has made so far to serve on the Fed's board of governors, all of whom have spent extensive time in finance, banking or academia. (more...)
Saudi Arabia told to investigate disappearance of missing journalist Saudi Arabia told to investigate disappearance of missing journalist
- October 15, 2018

Saudi King, Salman bin Abdulaziz Al Saud has invited self-exiled former President of the Maldives, Mohamed Nasheed, who is now living in the United Kingdom after being granted political asylum there, to Saudi Arabia . Later Mr Hunt said that whatever happened now was "absolutely up to Saudi Arabia". "If they don't buy it from us, they're going to buy it from Russian Federation or they're going to buy it from China or they're going to buy it from other countries", he said. (more...)
Oil prices: IEA, OPEC weigh in with forecasts Oil prices: IEA, OPEC weigh in with forecasts
- October 15, 2018

Oil stockpiles in the world's biggest economy are swelling amid International Energy Agency warnings about growing threats to global energy demand. Oil found support from figures showing that China's daily crude imports in September hit their highest since May and from a rebound in equities. Back on the supply front, the EIA reported Thursday that domestic USA crude supplies climbed by 6 million barrels for the week ended October 5. (more...)
Government scraps plug-in auto grant for hybrids Government scraps plug-in auto grant for hybrids
- October 14, 2018

Buyers of vehicles which emit less than 50 grams/km of Carbon dioxide and have a zero-emission range of at least 70 miles will see the grant they are eligible for reduced by 22 percent to 3,500 pounds. Hawes said PHEVs made up less than 2 percent of the United Kingdom vehicle market, and noted that "as we've seen in other markets, prematurely removing upfront purchase grants can have a devastating impact on demand". (more...)
Plunged almost 6%, A-shares hit a four-year low Plunged almost 6%, A-shares hit a four-year low
- October 14, 2018

BAIC Motor Corp. was one of Thursday's biggest decliners in Hong Kong , heading for its worst ever loss on concern Mercedez-Benz AG may raise its stake in the company. The largest percentage gainers in the main Shanghai Composite index were YanTai Yuancheng Gold Co Ltd, up 10.08 percent, followed by Cisen Pharmaceutical Co Ltd, gaining 10.03 percent and Xuancheng Valin Precision Technology Co Ltd, up by 10.02 percent. (more...)
Flight delayed on account of squirrel Flight delayed on account of squirrel
- October 14, 2018

All the passengers were ordered off the plane while the drama was sorted out. When the passenger refused to get off the plane, the staff told everyone that they had to get off the plane. They can, of course, be carried in the cargo hold, ' and does not mention other animals. "Frontier will allow cats and dogs as emotional support animals", the company said. (more...)
BMW takes over Chinese venture BMW takes over Chinese venture
- October 14, 2018

The German luxury-car maker agreed to pay 3.6 billion euros ($4.1 billion) to increase its holding to 75% from the current 50%, the carmaker said in a statement Thursday. BMW said the changes to its joint venture would come into effect in 2022, in line with the new regulations. The two companies had extended their joint venture contract until 2040 and announced a plan to pump 3 billion euros into expanding their auto plants in Liaoning Province - ramping up production capacity to ... (more...)
Longest Nonstop Commercial Route Launched Longest Nonstop Commercial Route Launched
- October 14, 2018

In terms of the nearest rival for this prestigious accolade, Qantas launched a 17-hour non-stop service from Perth to London earlier this year, while Qatar Airways runs a 17 hours, 30 minute service between Auckland and Doha. The relaunch comes after Singapore Airlines suspended services on the route in 2013 after climbing fuel prices made the use of four-engine Airbus A340-500 jets an economic liability. (more...)
Winning Numbers Drawn In Mega Millions Game Winning Numbers Drawn In Mega Millions Game
- October 14, 2018

The Powerball Jackpot for Saturday night is worth $314 million as of Friday afternoon. The prize money increased by $78 million when no one won Tuesday's drawing. "When a (Powerball) jackpot or Mega Millions goes over $500 million, that's when you really start seeing an uptick in sales of those games", Teja said. (more...)