Markets
Apple Valley Kmart closing in March 2019
- December 29, 2018
According to Newsweek, Sears has less than 24 hours for a bidder to save the store from complete liquidation. He said he meant to bid $4.6 billion for 500 stores and other operating assets, including the Kenmore appliance brand. The company had almost 700 stores at the time of its bankruptcy filing. Sears Holdings closed at 17 cents per share Friday, down more than 2 percent. (more...)
- December 29, 2018
According to Newsweek, Sears has less than 24 hours for a bidder to save the store from complete liquidation. He said he meant to bid $4.6 billion for 500 stores and other operating assets, including the Kenmore appliance brand. The company had almost 700 stores at the time of its bankruptcy filing. Sears Holdings closed at 17 cents per share Friday, down more than 2 percent. (more...)
IA and MN to get millions in Wells Fargo settlement
- December 29, 2018
The settlement requires the banking giant to create a redress program for consumers not covered by a previously announced restitution program. That's when the bank admitted its employees opened as many as 3.5 million fake bank and credit card accounts without customers' knowledge. (more...)
- December 29, 2018
The settlement requires the banking giant to create a redress program for consumers not covered by a previously announced restitution program. That's when the bank admitted its employees opened as many as 3.5 million fake bank and credit card accounts without customers' knowledge. (more...)
Chairman Looks To Save The Retailer From Liquidation In Final Hours
- December 28, 2018
The company filed for bankruptcy in October and set Friday as the deadline for potential buyers to bid for its assets, including its 500 Sears and Kmart stores and the Kenmore appliance brand. Store employees were notified of the closings on Thursday, the company said. A day after the earnings announcement, a judge approved Sears' plan to pay up to $25.3 million in bonuses to top executives. (more...)
- December 28, 2018
The company filed for bankruptcy in October and set Friday as the deadline for potential buyers to bid for its assets, including its 500 Sears and Kmart stores and the Kenmore appliance brand. Store employees were notified of the closings on Thursday, the company said. A day after the earnings announcement, a judge approved Sears' plan to pay up to $25.3 million in bonuses to top executives. (more...)
U.S. markets sink as epic rally falters, oil slips
- December 28, 2018
In a dramatic session that also saw the benchmark S&P 500 come within a whisker of dropping into bear market territory, oil prices surged, boosting sentiment for risk assets such as stocks and underpinning a 6.2-per-cent gain for energy shares. (more...)
- December 28, 2018
In a dramatic session that also saw the benchmark S&P 500 come within a whisker of dropping into bear market territory, oil prices surged, boosting sentiment for risk assets such as stocks and underpinning a 6.2-per-cent gain for energy shares. (more...)
Father books 6 flights to spend Christmas with flight attendant daughter
- December 28, 2018
But for Pierce Vaughan, having her father fly with her was a milestone celebration. His daughter worked as a flight attendant on Christmas , so a father joined her on every flight. " Christmas is obviously huge for us", she said. The story quickly went viral with more than 30,000 shares on Facebook as everyone praised the father. (more...)
- December 28, 2018
But for Pierce Vaughan, having her father fly with her was a milestone celebration. His daughter worked as a flight attendant on Christmas , so a father joined her on every flight. " Christmas is obviously huge for us", she said. The story quickly went viral with more than 30,000 shares on Facebook as everyone praised the father. (more...)
Ohio’s minimum wage increasing in 2019
- December 28, 2018
And the rest of NY state workers will see the minimum wage go up to $11.10 per hour, reaching $12.50 by 2020. The federal minimum wage is $7.25 an hour. An earlier analysis from Comptroller Scott Stringer anticipated that raising the minimum wage to $15 in New York City could boost wages by $10 billion a year and benefit almost 1.5 million workers. (more...)
- December 28, 2018
And the rest of NY state workers will see the minimum wage go up to $11.10 per hour, reaching $12.50 by 2020. The federal minimum wage is $7.25 an hour. An earlier analysis from Comptroller Scott Stringer anticipated that raising the minimum wage to $15 in New York City could boost wages by $10 billion a year and benefit almost 1.5 million workers. (more...)
Amazon announces record sales for holiday season in 2018
- December 28, 2018
The internet retailer revealed that "tens of millions of people across the globe" signed up for its prime service which offers the two-day shipping on the millions of items as well as with the music and video streaming. Since Twitter was overflooded with complaints about Alexa not working, the customer support account for Amazon had to release the following statement: "some Echo devices in Europe have had intermittent connections". (more...)
- December 28, 2018
The internet retailer revealed that "tens of millions of people across the globe" signed up for its prime service which offers the two-day shipping on the millions of items as well as with the music and video streaming. Since Twitter was overflooded with complaints about Alexa not working, the customer support account for Amazon had to release the following statement: "some Echo devices in Europe have had intermittent connections". (more...)
Massive internet outage impacting CenturyLink customers
- December 28, 2018
We've reached out to CenturyLink for more details and will update this story when we hear back. "We believe MA has been impacted by the outage and urge residents using cellular phones to contact emergency first-responders to use the full 10-digit number of a public safety answering point emergency call center (PSAP) or their local police department", State Police said . (more...)
- December 28, 2018
We've reached out to CenturyLink for more details and will update this story when we hear back. "We believe MA has been impacted by the outage and urge residents using cellular phones to contact emergency first-responders to use the full 10-digit number of a public safety answering point emergency call center (PSAP) or their local police department", State Police said . (more...)
Trump assails Fed as the ‘only problem our economy has’
- December 28, 2018
Trump was referencing Herbert Hoover, the president of the USA at the start of the Great Depression. The U.S. central bank's independence has increasingly returned to the spotlight amid criticisms from Trump. Markets in NY will close at 1:00 p.m. ET, and be shut Tuesday for Christmas. In response to an inquiry, White House Press Secretary Sarah Huckabee-Sanders said: "I'm aware of no plans to fire Powell". (more...)
- December 28, 2018
Trump was referencing Herbert Hoover, the president of the USA at the start of the Great Depression. The U.S. central bank's independence has increasingly returned to the spotlight amid criticisms from Trump. Markets in NY will close at 1:00 p.m. ET, and be shut Tuesday for Christmas. In response to an inquiry, White House Press Secretary Sarah Huckabee-Sanders said: "I'm aware of no plans to fire Powell". (more...)
Power plant explosion illuminates NY sky in eerie blue light
- December 28, 2018
Con Edison also confirmed the incident explaining, "There was a brief electrical fire at our substation in Astoria which involved some electrical transformers and caused a transmission dip in the area". A spokesman for the Federal Aviation Administration said a ground stop was ordered there around 9:30 p.m. because of the power failure but was lifted after about 45 minutes; the airport resumed its operations, he said. (more...)
- December 28, 2018
Con Edison also confirmed the incident explaining, "There was a brief electrical fire at our substation in Astoria which involved some electrical transformers and caused a transmission dip in the area". A spokesman for the Federal Aviation Administration said a ground stop was ordered there around 9:30 p.m. because of the power failure but was lifted after about 45 minutes; the airport resumed its operations, he said. (more...)
India tightens e-commerce rules, likely to hit Amazon, Flipkart
- December 28, 2018
The norms will be in effect from February 1 next year. One of the main perks of shopping online has been that items were generally more affordable, especially during the sales - which may not be the case anymore with the negation of deep discounts. (more...)
- December 28, 2018
The norms will be in effect from February 1 next year. One of the main perks of shopping online has been that items were generally more affordable, especially during the sales - which may not be the case anymore with the negation of deep discounts. (more...)
White House considers new year executive order to bar Huawei, ZTE purchases
- December 28, 2018
The two companies have been accused in the past of violating global sanctions resulting in conflict with the U.S. There is also a general belief by many in government that the two companies may be embedding technology in their equipment that could be used to spy on the U.S. (more...)
- December 28, 2018
The two companies have been accused in the past of violating global sanctions resulting in conflict with the U.S. There is also a general belief by many in government that the two companies may be embedding technology in their equipment that could be used to spy on the U.S. (more...)
Big discounts fail to draw UK shoppers to post-Christmas sales
- December 28, 2018
Yet 2018 marks the third consecutive year that footfall has declined on Boxing Day morning, figures released by Springboard, which tracks retails activity across the United Kingdom, show. Perhaps the most widely held understanding of its origins comes from the tradition of wealthier members of society giving servants and tradesmen a so-called Christmas Box containing money and gifts on the day after Christmas. (more...)
- December 28, 2018
Yet 2018 marks the third consecutive year that footfall has declined on Boxing Day morning, figures released by Springboard, which tracks retails activity across the United Kingdom, show. Perhaps the most widely held understanding of its origins comes from the tradition of wealthier members of society giving servants and tradesmen a so-called Christmas Box containing money and gifts on the day after Christmas. (more...)
Trump 'very happy' with Treasury Secretary Mnuchin, White House adviser says
- December 28, 2018
Trump has criticized Powell and the Fed for increasing interest rates, subjecting Powell to the kind of scathing public critique that is common for senior Trump appointees but which threatens the political independence of the worlds most powerful central bank. (more...)
- December 28, 2018
Trump has criticized Powell and the Fed for increasing interest rates, subjecting Powell to the kind of scathing public critique that is common for senior Trump appointees but which threatens the political independence of the worlds most powerful central bank. (more...)
Japan's Nikkei Slips To Bear Market
- December 27, 2018
The Nikkei registered the largest point gain since 1,092.88 points marked on November 10, 2016, tracking surges in the Dow Jones Industrial Average, which marked the biggest-ever single-day increase on Wednesday. Investors were also unnerved by weekend news reports that US President Donald Trump had asked about the possibility of firing Federal Reserve Chairman Jerome Powell , accounts that Mnuchin said Trump had denied. (more...)
- December 27, 2018
The Nikkei registered the largest point gain since 1,092.88 points marked on November 10, 2016, tracking surges in the Dow Jones Industrial Average, which marked the biggest-ever single-day increase on Wednesday. Investors were also unnerved by weekend news reports that US President Donald Trump had asked about the possibility of firing Federal Reserve Chairman Jerome Powell , accounts that Mnuchin said Trump had denied. (more...)
Treasury Secretary talks to bank CEOs amid Wall St. jitters
- December 27, 2018
The call with the President's Working Group on financial markets , announced in a Treasury Department statement, comes after Mnuchin on Sunday phoned top executives of the nation's six largest banks. central bank to revise down its forecast for rate rises for next year and trim its 2019 growth forecast to 2.3 per cent from 2.5 per cent. Technology and health care stocks accounted for much of the selling. (more...)
- December 27, 2018
The call with the President's Working Group on financial markets , announced in a Treasury Department statement, comes after Mnuchin on Sunday phoned top executives of the nation's six largest banks. central bank to revise down its forecast for rate rises for next year and trim its 2019 growth forecast to 2.3 per cent from 2.5 per cent. Technology and health care stocks accounted for much of the selling. (more...)
FTSE 100 up after record-breaking Wall Street rally
- December 27, 2018
This failed to quell investor fears, however, as the S&P 500 dropped 2.7 percent Monday. Peter Cardillo, chief market economist at New York-based Spartan Capital Securities, said: 'With the end of the quarter, we could get a bounce in the next few days'. (more...)
- December 27, 2018
This failed to quell investor fears, however, as the S&P 500 dropped 2.7 percent Monday. Peter Cardillo, chief market economist at New York-based Spartan Capital Securities, said: 'With the end of the quarter, we could get a bounce in the next few days'. (more...)
Wall prototypes sit on the US-Mexico border
- December 27, 2018
The shutdown, which began at midnight Friday, has left about 25 percent of the federal government closed, affecting an estimated 800,000 workers. And although the Senate is slated to come into session Thursday afternoon, few senators are expected to be around for it. (more...)
- December 27, 2018
The shutdown, which began at midnight Friday, has left about 25 percent of the federal government closed, affecting an estimated 800,000 workers. And although the Senate is slated to come into session Thursday afternoon, few senators are expected to be around for it. (more...)
Oil Stabilizes At $50 After Christmas Crash
- December 27, 2018
Last month, Saudi Arabia supplied 6.56 million tons, or 1.596 million barrels per day (bpd) of oil, up 50 percent from a year earlier, according to the data. Bloomberg quoted a Rakuten Securities analyst as saying, "There are several bearish factors in oil markets, and the situation won't improve anytime soon". (more...)
- December 27, 2018
Last month, Saudi Arabia supplied 6.56 million tons, or 1.596 million barrels per day (bpd) of oil, up 50 percent from a year earlier, according to the data. Bloomberg quoted a Rakuten Securities analyst as saying, "There are several bearish factors in oil markets, and the situation won't improve anytime soon". (more...)
Tesla Model 3 prices drop in China for the third time
- December 26, 2018
Earlier this year, Tesla said orders for cars placed by October 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year. All the same, Tesla's Autopilot feature has improved considerably over the past few years. This Q4, Tesla engaged in a rather assertive campaign promoting the Model 3 to Europe and Asia. (more...)
- December 26, 2018
Earlier this year, Tesla said orders for cars placed by October 15 would be eligible for the full tax credit of $7,500 and that customers would receive their cars by the end of the year. All the same, Tesla's Autopilot feature has improved considerably over the past few years. This Q4, Tesla engaged in a rather assertive campaign promoting the Model 3 to Europe and Asia. (more...)
Latest news
Trump says tariffs on European cars are still on the table