Markets
Amazon revenue forecast falls short of estimates, shares tumble
- October 26, 2018
It forecast that fourth-quarter sales will rise between 10 percent and 20 percent, or up to $72.5 billion. The e-commerce giant's cloud services arm had a strong quarter, with revenue jumping 46 percent to $6.7 billion. Analysts polled by Thomson Reuters on average expect Amazon to earn $3.14 a share, compared with 52 cents a share a year earlier. Operating income was $2 billion. (more...)
- October 26, 2018
It forecast that fourth-quarter sales will rise between 10 percent and 20 percent, or up to $72.5 billion. The e-commerce giant's cloud services arm had a strong quarter, with revenue jumping 46 percent to $6.7 billion. Analysts polled by Thomson Reuters on average expect Amazon to earn $3.14 a share, compared with 52 cents a share a year earlier. Operating income was $2 billion. (more...)
Saudi Crown Prince makes first public address since murder of Jamal Khashoggi
- October 26, 2018
Turkey says that Khashoggi's death was the result of a murder plot implicating high-level Saudi officials and has released key details of the probe to the press. British PM Theresa May wants Saudi authorities to complete a swift and transparent investigation into the murder of Jamal Khashoggi. Turkish authorities were granted permission by Saudi officials to carry out inspections of the well after initially being denied access. (more...)
- October 26, 2018
Turkey says that Khashoggi's death was the result of a murder plot implicating high-level Saudi officials and has released key details of the probe to the press. British PM Theresa May wants Saudi authorities to complete a swift and transparent investigation into the murder of Jamal Khashoggi. Turkish authorities were granted permission by Saudi officials to carry out inspections of the well after initially being denied access. (more...)
Saudi Public Prosecutor Says Khashoggi Killing Was Premeditated
- October 26, 2018
That adage fits Vince McMahon's sports entertainment juggernaut on Thursday, when the Stamford, Ct., -based company announced it will go forward with its " Crown Jewel " event in Saudi Arabia on November 2, despite the worldwide disgust for the premeditated murder of journalist Jamal Khashoggi . (more...)
- October 26, 2018
That adage fits Vince McMahon's sports entertainment juggernaut on Thursday, when the Stamford, Ct., -based company announced it will go forward with its " Crown Jewel " event in Saudi Arabia on November 2, despite the worldwide disgust for the premeditated murder of journalist Jamal Khashoggi . (more...)
WWE Crown Jewel Going Ahead In Saudi Arabia As Planned
- October 26, 2018
The journalist's death prompted several major companies and business leaders to distance themselves from Saudi Arabia ahead of the Future Investment Initiative , a high-profile financial conference known as "Davos in the Desert". Instead, the photo opportunity elicited scorn on social media, with critics accusing them of exploiting the grieving son. Saudi Energy Minister Khalid Al Falih conceded on Wednesday that the scandal over Khashoggi had hurt the kingdom's image. (more...)
- October 26, 2018
The journalist's death prompted several major companies and business leaders to distance themselves from Saudi Arabia ahead of the Future Investment Initiative , a high-profile financial conference known as "Davos in the Desert". Instead, the photo opportunity elicited scorn on social media, with critics accusing them of exploiting the grieving son. Saudi Energy Minister Khalid Al Falih conceded on Wednesday that the scandal over Khashoggi had hurt the kingdom's image. (more...)
‘Gold diggin’ dog cons McDonald’s customers into giving her food
- October 26, 2018
Earlier this week, Betsy Reyes wrote on Facebook her dog, Princess, had been leaving her home at night and heading to the fast food restaurant. A dog in Oklahoma has become a viral sensation after her owner caught her sneaking off to a local McDonald's to score free hamburgers. (more...)
- October 26, 2018
Earlier this week, Betsy Reyes wrote on Facebook her dog, Princess, had been leaving her home at night and heading to the fast food restaurant. A dog in Oklahoma has become a viral sensation after her owner caught her sneaking off to a local McDonald's to score free hamburgers. (more...)
McDonald's Triple Decker Breakfast Sandwiches Bypass The Secret Menu
- October 25, 2018
After that, back to the " Secret Menu " they go, apparently. Guests can choose from English muffins, biscuits, or McGriddle cakes, according to a press release . McDonald's moved to give customers more of their favorite breakfast items at any time of the day when it introduced All Day Breakfast in 2015 in response to consumer demand. (more...)
- October 25, 2018
After that, back to the " Secret Menu " they go, apparently. Guests can choose from English muffins, biscuits, or McGriddle cakes, according to a press release . McDonald's moved to give customers more of their favorite breakfast items at any time of the day when it introduced All Day Breakfast in 2015 in response to consumer demand. (more...)
Is the global response to Khashoggi killing tough enough? | Inside Story
- October 25, 2018
After weeks of denying involvement in his disappearance, Saudi Arabia on Saturday announced that he died in a fight inside the consulate. "I can't think of one good thing he has done in the Middle East and it would be better for the world if he stayed out of the region because he is a danger in that area", he said. (more...)
- October 25, 2018
After weeks of denying involvement in his disappearance, Saudi Arabia on Saturday announced that he died in a fight inside the consulate. "I can't think of one good thing he has done in the Middle East and it would be better for the world if he stayed out of the region because he is a danger in that area", he said. (more...)
Microsoft's fiscal Q1 2019 profit soars on cloud services
- October 25, 2018
Microsoft's cloud business, the cornerstone of the company's pivot to cloud computing, raked in $8.57 billion of revenue in the quarter. The tech giant reported earnings of $1.14 per share on $29.1 billion in revenue. While money from the Windows unit was up just a few percent, Microsoft chief financial officer Amy Hood said revenue there was expected to improve as consumers and businesses replace older machines with new hardware powered by the latest version of the operating system. (more...)
- October 25, 2018
Microsoft's cloud business, the cornerstone of the company's pivot to cloud computing, raked in $8.57 billion of revenue in the quarter. The tech giant reported earnings of $1.14 per share on $29.1 billion in revenue. While money from the Windows unit was up just a few percent, Microsoft chief financial officer Amy Hood said revenue there was expected to improve as consumers and businesses replace older machines with new hardware powered by the latest version of the operating system. (more...)
Prime Minister meets backbenchers over Brexit deal
- October 25, 2018
May has rejected the EU's proposal - for Northern Ireland to remain in the bloc's customs union - as it would potentially create barriers to trade with the rest of Britain. "Why are people in Northern Ireland going to have to pay more for their cheese when they can get it either from the surplus milk that there's going to be or from buying good old English cheddar", he said. (more...)
- October 25, 2018
May has rejected the EU's proposal - for Northern Ireland to remain in the bloc's customs union - as it would potentially create barriers to trade with the rest of Britain. "Why are people in Northern Ireland going to have to pay more for their cheese when they can get it either from the surplus milk that there's going to be or from buying good old English cheddar", he said. (more...)
Sharp falls wipe out Wall Street's 2018 gains
- October 25, 2018
Banks, health care and industrial companies also took heavy losses, outweighing gains by utilities and other high-dividend stocks. Traders bid up shares in McDonald's after the fast-food chain reported third-quarter results that topped analysts' forecasts. (more...)
- October 25, 2018
Banks, health care and industrial companies also took heavy losses, outweighing gains by utilities and other high-dividend stocks. Traders bid up shares in McDonald's after the fast-food chain reported third-quarter results that topped analysts' forecasts. (more...)
Four winning Mega Million tickets worth $10,000 sold in La
- October 25, 2018
But say, of the $492 million jackpot after taxes in SC, you chose to invest $475 million and not touch it. Mega Millions confirmed there was one victor for the whopping $US1.6 billion ($NZ2.45b) prize. "Our message to the $1.5 BILLION #Mega Millions jackpot victor: Sign the back of the ticket, place the ticket in a safe location, speak with a trusted advisor and CALL THE LOTTERY at 1-866-736-9819". (more...)
- October 25, 2018
But say, of the $492 million jackpot after taxes in SC, you chose to invest $475 million and not touch it. Mega Millions confirmed there was one victor for the whopping $US1.6 billion ($NZ2.45b) prize. "Our message to the $1.5 BILLION #Mega Millions jackpot victor: Sign the back of the ticket, place the ticket in a safe location, speak with a trusted advisor and CALL THE LOTTERY at 1-866-736-9819". (more...)
Growing lottery jackpots to tempt players this week
- October 24, 2018
The last time someone hit the jackpot was July 24, when a group in California won $543 million. In the modified formula, players now pick five numbers from 1 to 70 and a Mega number of 1 to 25, increasing the odds of winning the jackpot to one in 302 million, and making jackpot winners more infrequent. (more...)
- October 24, 2018
The last time someone hit the jackpot was July 24, when a group in California won $543 million. In the modified formula, players now pick five numbers from 1 to 70 and a Mega number of 1 to 25, increasing the odds of winning the jackpot to one in 302 million, and making jackpot winners more infrequent. (more...)
U.S. to revoke visas of Saudis implicated in killing of writer
- October 24, 2018
Trump's comments about the incident in recent days have ranged from threatening Saudi Arabia with "very severe" consequences and mentioning possible economic sanctions, to more conciliatory remarks highlighting the country's role as a U.S. (more...)
- October 24, 2018
Trump's comments about the incident in recent days have ranged from threatening Saudi Arabia with "very severe" consequences and mentioning possible economic sanctions, to more conciliatory remarks highlighting the country's role as a U.S. (more...)
Saudi Arabia offers Pakistan $3 bln in support plus deferred oil payments
- October 24, 2018
The summit, nicknamed "Davos in the desert", has been overshadowed by growing global outrage over the murder of journalist and Saudi government critic Jamal Khashoggi. In September, India called off a meeting between foreign minister Sushma Swaraj and her Pakistani counterpart which was to take place on the sidelines of the UN General Assembly the same month. (more...)
- October 24, 2018
The summit, nicknamed "Davos in the desert", has been overshadowed by growing global outrage over the murder of journalist and Saudi government critic Jamal Khashoggi. In September, India called off a meeting between foreign minister Sushma Swaraj and her Pakistani counterpart which was to take place on the sidelines of the UN General Assembly the same month. (more...)
Saudi Arabia Has No Plans to Repeat 1973 Oil Crisis
- October 24, 2018
The Schork Report editor Stephen Schork on US oil production and why he believes that the market has adjusted to the Iran sanctions. "But Saudi Arabia is a very responsible country, for decades we used our oil policy as a responsible economic tool and isolated it from politics", Falih said. (more...)
- October 24, 2018
The Schork Report editor Stephen Schork on US oil production and why he believes that the market has adjusted to the Iran sanctions. "But Saudi Arabia is a very responsible country, for decades we used our oil policy as a responsible economic tool and isolated it from politics", Falih said. (more...)
European Union rejects Italy budget for breaching debt rules
- October 24, 2018
The tangle contributed to a selloff in global equities. Deputy Prime Minister Matteo Salvini said that Rome "won't subtract one single euro" form its spending plans. The fiscal room available in Greece this year is not enough to completely discard planned pension cuts agreed with the country's creditors, the head of the Eurozone's rescue fund said on Tuesday. (more...)
- October 24, 2018
The tangle contributed to a selloff in global equities. Deputy Prime Minister Matteo Salvini said that Rome "won't subtract one single euro" form its spending plans. The fiscal room available in Greece this year is not enough to completely discard planned pension cuts agreed with the country's creditors, the head of the Eurozone's rescue fund said on Tuesday. (more...)
Idaho Residents Have Big Plans For Huge Mega Millions Jackpot
- October 24, 2018
Almost all winners opt for cash, but the annuity has advantages, as it reduces the tax bill a little and offers a stable flow of income that climbs by 5 percent annually. When so many people rush to play as a jackpot soars, the chances increase that two or three tickets - of the millions of tickets sold - will match. But the odds aren't especially favorable, at about 1 in 88 quadrillion (that's 88,000,000,000,000,000). (more...)
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- October 24, 2018
Almost all winners opt for cash, but the annuity has advantages, as it reduces the tax bill a little and offers a stable flow of income that climbs by 5 percent annually. When so many people rush to play as a jackpot soars, the chances increase that two or three tickets - of the millions of tickets sold - will match. But the odds aren't especially favorable, at about 1 in 88 quadrillion (that's 88,000,000,000,000,000). (more...)
Dyson's First Ever Electric Car Won't Be Built In The UK
- October 24, 2018
James Dyson said the company's "center of gravity" has tilted toward Asia, which past year generated nearly three quarters of the company's revenue growth. It's hardly a vote of confidence in global Britain. Opposition Labour MP Ian Murray, a supporter of Best for Britain, said: "When even someone who claims there will be a resurgence in British manufacturing after Brexit isn't prepared to put his money where his mouth is, it raises serious questions". (more...)
- October 24, 2018
James Dyson said the company's "center of gravity" has tilted toward Asia, which past year generated nearly three quarters of the company's revenue growth. It's hardly a vote of confidence in global Britain. Opposition Labour MP Ian Murray, a supporter of Best for Britain, said: "When even someone who claims there will be a resurgence in British manufacturing after Brexit isn't prepared to put his money where his mouth is, it raises serious questions". (more...)
Saudi violated OPEC pact under United States pressure: Iran
- October 23, 2018
ET. There has been concern that just as markets tighten with the start of the USA sanctions against Iran, Saudi Arabia could cut crude supply in retaliation for potential sanctions against it over the Khashoggi killing. "Saudi Arabia is a completely responsible country". An internal document reviewed by Reuters suggested OPEC is struggling to add barrels as an increase in Saudi supply was offset by declines elsewhere, including Iran and Venezuela. (more...)
- October 23, 2018
ET. There has been concern that just as markets tighten with the start of the USA sanctions against Iran, Saudi Arabia could cut crude supply in retaliation for potential sanctions against it over the Khashoggi killing. "Saudi Arabia is a completely responsible country". An internal document reviewed by Reuters suggested OPEC is struggling to add barrels as an increase in Saudi supply was offset by declines elsewhere, including Iran and Venezuela. (more...)
Turkish President Says Killing of Jamal Khashoggi Was ‘Premeditated’ and ‘Very Cruel’
- October 23, 2018
Merkel appeared dubious of Saudi Arabia's claims that Khashoggi died due to a rogue operation gone wrong, telling reporters in Berlin on Sunday, according to Politico , that there was an "urgent need for further clarification". Turkish officials earlier said they had recordings confirming that Khashoggi was tortured, killed, had his fingers cut off and was dismembered. Crown Prince Mohammed bin Salman called Khashoggi's youngest son. (more...)
- October 23, 2018
Merkel appeared dubious of Saudi Arabia's claims that Khashoggi died due to a rogue operation gone wrong, telling reporters in Berlin on Sunday, according to Politico , that there was an "urgent need for further clarification". Turkish officials earlier said they had recordings confirming that Khashoggi was tortured, killed, had his fingers cut off and was dismembered. Crown Prince Mohammed bin Salman called Khashoggi's youngest son. (more...)
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