Markets


How a Government Shutdown Could Affect You How a Government Shutdown Could Affect You
- December 22, 2018

The Trump administration is relying mostly on guidance left over from former President Barack Obama. So how many U.S. federal workers would be affected? The list of departments in danger of closing includes: agriculture , commerce , justice , homeland security, the interior, state, transportation, and housing and urban development. (more...)
GST Council Meeting Highlights GST Council Meeting Highlights
- December 22, 2018

According to the finance minister, 0.5 or 1 per cent of the total 1,200-odd items including luxury items such as big cars, aircraft and demerit goods (such as cigarettes) will continue to remain in the 28 per cent slab. This will have a revenue implication of Rs. 900 crore. "There is no GST cut on cement and auto parts", he said. However, for tickets above Rs 100, GST has been reduced to 18 percent. (more...)
Govt reaches out to start-ups, promises no coercive action on taxes Govt reaches out to start-ups, promises no coercive action on taxes
- December 22, 2018

The CBDT said the committee will make recommendations on individual cases of recognised startups to the DIPP on issues pertaining to tax exemptions for such ventures. Sharad Sharma, co-founder of iSPIRT Foundation seconded this. An angel investor is the one who funds a start-up when it is taking baby steps to establish itself in the competitive market. (more...)
Ford noise-cancelling doghouse blocks loud fireworks Ford noise-cancelling doghouse blocks loud fireworks
- December 22, 2018

It's no coincidence that July 5th is the busiest shelter day of the year in the United States, as lost dogs who bolted during thunderous fireworks shows are brought into shelters. Given their heightened sense of hearing, most pets do not enjoy fireworks as it stresses them out and makes them uncomfortable. This futuristic-looking kennel is made out of sound-dampening cork and fitted with noise-canceling technology and an automatic door, which should make any pet owner perk up their ears. (more...)
Ford recalls nearly 900000 F-150 & Super Duty pickups after fires Ford recalls nearly 900000 F-150 & Super Duty pickups after fires
- December 22, 2018

If the damage is bad enough, the cable splice connector can cause a short which can make the engine block heater fail. The recall covers several years of F150 and Super Duty trucks including 2015 through 2019 Ford F150 Trucks, along with the 2017 through 2019 Ford F250 Super Duty, F350 Super Duty, F450 Super Duty and F550 Super Duty pickup trucks. (more...)
Japan prosecutors file new allegation against Nissan's Ghosn Japan prosecutors file new allegation against Nissan's Ghosn
- December 22, 2018

The maximum penalty for violating the financial law is up to 10 years in prison, a 10 million yen (£70,000) fine, or both. In the latest twist in the drama that has shocked the global auto industry, prosecutors added a charge of breach of trust to extend Ghosn's detention, the broadcaster reported, without saying where it got the information. (more...)
FED DEFIES Trump and hikes interest rates despite the president's unceasing attacks FED DEFIES Trump and hikes interest rates despite the president's unceasing attacks
- December 22, 2018

No longer will the Fed be able to signal weeks in advance the near-certainty of a shift in rates. For now, most USA economic barometers are still showing strength. "With corporate borrowing and spending still high, and the Fed continuing to reduce its balance sheet, I'd expect volatility to remain if this tightening continues", he said. (more...)
Court Forces Apple to Stop Selling Older iPhones in Germany Court Forces Apple to Stop Selling Older iPhones in Germany
- December 21, 2018

Apple will pull iPhone 7 and iPhone 8 models from the company's 15 retail stores in Germany, the company told Reuters . The ban on Apple is dependent on Qualcomm paying a security deposit of €668 million ($765 million) as Apple makes its appeal against the ruling. (more...)
Smoking Christmas: Juul workers get $1.8m bonus each after Altria deal Smoking Christmas: Juul workers get $1.8m bonus each after Altria deal
- December 21, 2018

The deal would value Juul at more than double the roughly $16 billion valuation it fetched in July in a private funding round, highlighting the San Francisco-based company's explosive growth. Juul has faced heightened pressure from US regulators as the growing popularity of flavored e-cigarettes among teenagers has sparked fears of a new generation of nicotine addicts. (more...)
Police arrest three more suspects in killing of Danish, Norwegian women Police arrest three more suspects in killing of Danish, Norwegian women
- December 21, 2018

Denmark's PET intelligence agency said it is working to investigate the footage and "can't say anything at this point about the video's authenticity". "The Danish Security and Intelligence Service and the Danish National Police are in the process of analyzing the video and are now unable to make any further statements about the authenticity of the video". (more...)
Stocks slump as Fed's outlook on rates disappoints Stocks slump as Fed's outlook on rates disappoints
- December 21, 2018

Officials at the USA central bank on Wednesday voted to lift the Fed's key interest rate by 0.25 per cent, to a target range of 2.25-2.5 per cent, the BBC reported. Relative to their size, they also tend to carry more debt than larger companies, which could be a problem in a slower economy with higher interest rates. (more...)
Court rejects request to extend detention period of Ghosn, Kelly:The Asahi Shimbun Court rejects request to extend detention period of Ghosn, Kelly:The Asahi Shimbun
- December 21, 2018

They could still take further legal steps in a bid to allow them to investigate Ghosn and co-defendant and former Nissan executive Greg Kelly longer. The lawyer has previously declined to return calls for comment on the Ghosn case. Nissan and Mitsubishi both sacked Mr Ghosn as chairman after his arrest last month. The court did not disclose reasons for its decision, and NHK said it was "extremely rare" for it to reject the prosecutors' request to extend detention. (more...)
Google shuts down censored Chinese Search project Google shuts down censored Chinese Search project
- December 21, 2018

Rumors of a possible reentry to China made headlines when they were first reported in August. Project Dragonfly , as the initiative was codenamed, was to be Google's path back into the Chinese market it abandoned in 2010, before being formally blocked by the Chinese "great firewall". (more...)
US Government Shutdown Likely as Trump Fights for Border Wall Funding US Government Shutdown Likely as Trump Fights for Border Wall Funding
- December 20, 2018

Conservatives in the House already said they won't support a spending package that doesn't fund the president's border wall. The President's pronouncement upended the agreed-to plan to keep the lights on through February 8, when Democrats will have control of the House. (more...)
The world’s biggest beer company is looking at making cannabis drinks The world’s biggest beer company is looking at making cannabis drinks
- December 20, 2018

The recreational use of cannabis in the USA has not been legalized at the federal level, however 10 states (Alaska, California, Colorado, Maine, Massachusetts, Michigan, Nevada, Oregon, Vermont, Washington) and Washington, D.C. The partners intend on investing up to R1.4 billion into the project. The deal does not address future decisions about the commercialization and sale of a potential cannabis drink. (more...)
‘Terror’ suspect arrested after backpackers found dead in Morocco with ‘throats slit’ ‘Terror’ suspect arrested after backpackers found dead in Morocco with ‘throats slit’
- December 20, 2018

He said "there are still dark forces that want to fight our values" and "we must not give in". A man suspected in the brutal killing of two Scandinavian backpackers in Morocco's Atlas Mountains belongs to a militant group, prosecutors say. (more...)
US Senate approves bill to keep government running into 2019 US Senate approves bill to keep government running into 2019
- December 20, 2018

The outcome would temporarily break an impasse that threatened to close large portions of the government this weekend and send hundreds of thousands of federal workers home without pay just before Christmas. Trump has still not indicated if he will compromise with lawmakers to keep the government operating. As some Republicans grumbled that Trump caved , McConnell lashed out at Democrats for failing to give Trump any of the $5 billion that he wanted for the wall. (more...)
Trump on Verge of Giving Up Best Chance to Secure Wall Money Trump on Verge of Giving Up Best Chance to Secure Wall Money
- December 20, 2018

That equates to roughly [$5 billion], even if we get half, that's half the wall . The campaign was started by US airforce veteran Brian Kolfage , who said on his GoFundMe page that he lost three limbs in a rocket attack while deployed in Iraq. (more...)
Elon Musk Says He Personally Spent $40 Million on Boring Company Elon Musk Says He Personally Spent $40 Million on Boring Company
- December 20, 2018

The sample tunnel is part of Musk's vision to have an underground network that cars, preferably Teslas, can be lowered to by lifts, then slotted into tracks and propelled along at speeds up to 241 kmh. "If all vehicles were densely seated buses, throughput in excess of 100,000 people per hour per lane is possible, but better to offer a range of vehicles & let people decide what makes them happy", he said . (more...)
S. Korea ranked 115th among 149 countries in gender gap report: WEF S. Korea ranked 115th among 149 countries in gender gap report: WEF
- December 20, 2018

In education and health the gaps haven't changed, and continue to stand at 4.4 percent and 4.6 percent respectively. In terms of political empowerment, the year-on-year deterioration can be partly attributed to the lower tenure of women in head-of-state roles around the world . (more...)

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