Markets
Single ticket wins $530 million Mega Millions jackpot
- June 08, 2019
About $530 million wealthier - or a cash option payout of $345.2 million. The ticket was sold in San Diego. Five balls are drawn from a set of balls numbered 1 through 70; the Mega ball is drawn from a set of balls numbered 1 through 25. The jackpot restarted at $40 million and grew by a minimum of $5 million per draw each time the jackpot rolled. The Mega Millions jackpot hasn't been hit since March 12, when Hira Singh of Shawnee, Kansas, won the $50 million top prize with a ticket he ... (more...)
- June 08, 2019
About $530 million wealthier - or a cash option payout of $345.2 million. The ticket was sold in San Diego. Five balls are drawn from a set of balls numbered 1 through 70; the Mega ball is drawn from a set of balls numbered 1 through 25. The jackpot restarted at $40 million and grew by a minimum of $5 million per draw each time the jackpot rolled. The Mega Millions jackpot hasn't been hit since March 12, when Hira Singh of Shawnee, Kansas, won the $50 million top prize with a ticket he ... (more...)
Trump threatens to increase tariffs on China again
- June 08, 2019
After Trump made his initial remarks on June 6, China's Ministry of Commerce swiftly responded in a hawkish tone. "If the United States willfully decides to escalate tensions, we'll fight to the end", ministry spokesman Gao Feng told a regular news briefing. (more...)
- June 08, 2019
After Trump made his initial remarks on June 6, China's Ministry of Commerce swiftly responded in a hawkish tone. "If the United States willfully decides to escalate tensions, we'll fight to the end", ministry spokesman Gao Feng told a regular news briefing. (more...)
Crude oil futures up 3.88 pc on global cues
- June 08, 2019
Khalid Al-Falih, the Saudi Arabian Energy Minister, stated he was committed to taking whatever steps that were necessary to stabilize the oil markets. The world's biggest oil trader, Vitol Group, said that it is expecting OPEC as well as its allies to broker a deal to cut oil production in the latter half of 2019. (more...)
- June 08, 2019
Khalid Al-Falih, the Saudi Arabian Energy Minister, stated he was committed to taking whatever steps that were necessary to stabilize the oil markets. The world's biggest oil trader, Vitol Group, said that it is expecting OPEC as well as its allies to broker a deal to cut oil production in the latter half of 2019. (more...)
Renault-Fiat Chrysler merger collapses
- June 08, 2019
So far, eight convictions were reportedly secured, with one including former Fiat Chrysler Automobiles Vice President Alphons Iacobelli, as one of the defendants. Fiat Chrysler said in a statement Bigland's incentive pay was subject to a board committee determination and his "eligibility for his award remains subject to that determination and completion of a board-level evaluation of issues that are the subject to governmental investigations". (more...)
- June 08, 2019
So far, eight convictions were reportedly secured, with one including former Fiat Chrysler Automobiles Vice President Alphons Iacobelli, as one of the defendants. Fiat Chrysler said in a statement Bigland's incentive pay was subject to a board committee determination and his "eligibility for his award remains subject to that determination and completion of a board-level evaluation of issues that are the subject to governmental investigations". (more...)
Huawei gets boost as China issues 5G licenses
- June 08, 2019
China Mobile, which is the largest of China's state-owned telecoms, is planning to provide 5G services in more than 40 Chinese cities by September. The Chinese government has issued its first four licences for commercial deployment of 5G technology, at a time when the USA government is seeking to convince allied nations to block Huawei from the industry's rollout. (more...)
- June 08, 2019
China Mobile, which is the largest of China's state-owned telecoms, is planning to provide 5G services in more than 40 Chinese cities by September. The Chinese government has issued its first four licences for commercial deployment of 5G technology, at a time when the USA government is seeking to convince allied nations to block Huawei from the industry's rollout. (more...)
Walmart will launch direct-to-fridge deliveries in three cities
- June 07, 2019
The exact details of the security system that will be used haven't been announced yet, but Walmart has said it will use "smart entry technology and a proprietary, wearable camera" to gain access to customers' homes. "We'll learn and scale from there", McMillon said. When the delivery person shows up, he or she will knock first and scan the package, then Amazon will make sure the delivery person is at the right home and unlock the door. (more...)
- June 07, 2019
The exact details of the security system that will be used haven't been announced yet, but Walmart has said it will use "smart entry technology and a proprietary, wearable camera" to gain access to customers' homes. "We'll learn and scale from there", McMillon said. When the delivery person shows up, he or she will knock first and scan the package, then Amazon will make sure the delivery person is at the right home and unlock the door. (more...)
National Doughnut Day: Here's where to snag sweet deals and free treats
- June 07, 2019
Dunkin' Donuts is offering a free doughnut with a drink. If a million donuts are given away, Krispy Kreme will launch another giveaway - a free taste of the brand's newest doughnut later in June. Friday, June 7, marks this year's delicious holiday, so be prepared for doughnut shops everywhere to be crowded. Cosmic Savories 32130 US Highway 19 N., Palm Harbor 6:00 a.m. (more...)
- June 07, 2019
Dunkin' Donuts is offering a free doughnut with a drink. If a million donuts are given away, Krispy Kreme will launch another giveaway - a free taste of the brand's newest doughnut later in June. Friday, June 7, marks this year's delicious holiday, so be prepared for doughnut shops everywhere to be crowded. Cosmic Savories 32130 US Highway 19 N., Palm Harbor 6:00 a.m. (more...)
Chinese Importers to Apply for Tariff Waivers on US Goods
- June 07, 2019
In 2018, bilateral trade in goods and services exceeded US$750 billion, and two-way direct investment approached US$160 billion, the white paper said. The tone, if not the substance, was markedly more measured than the sharp, at times nationalistic rhetoric adopted by state media and some officials in the past three weeks, and Chinese trade experts said the point is to signal talks can resume, though the onus is on the U.S. (more...)
- June 07, 2019
In 2018, bilateral trade in goods and services exceeded US$750 billion, and two-way direct investment approached US$160 billion, the white paper said. The tone, if not the substance, was markedly more measured than the sharp, at times nationalistic rhetoric adopted by state media and some officials in the past three weeks, and Chinese trade experts said the point is to signal talks can resume, though the onus is on the U.S. (more...)
Boost for Modi as India central bank cuts interest rate
- June 07, 2019
Repo rate is the interest rate at which the RBI lends money to banks. RBI said the impact of recent policy rate cuts and expectations of a normal monsoon in 2019, the path of CPI inflation is revised to 3.0-3.1% for H1:2019-20 and to 3.4-3.7% for H2:2019-20, with risks broadly balanced. (more...)
- June 07, 2019
Repo rate is the interest rate at which the RBI lends money to banks. RBI said the impact of recent policy rate cuts and expectations of a normal monsoon in 2019, the path of CPI inflation is revised to 3.0-3.1% for H1:2019-20 and to 3.4-3.7% for H2:2019-20, with risks broadly balanced. (more...)
U.S. Weighs Delaying Mexico Tariffs as Time for Deal Runs Short
- June 07, 2019
He said: "Our posture is to preserve, above all, the friendship with the people of the United States". It was unclear whether the steps would appease Trump , who is struggling to make good on his key 2016 presidential campaign promise to build a wall along the U.S. (more...)
- June 07, 2019
He said: "Our posture is to preserve, above all, the friendship with the people of the United States". It was unclear whether the steps would appease Trump , who is struggling to make good on his key 2016 presidential campaign promise to build a wall along the U.S. (more...)
Global markets rise on US Fed's signal on rate cuts
- June 07, 2019
We are closely monitoring the implications of these developments for the USA economic outlook, and as always, we will act as appropriate to sustain the expansion'. US growth is forecast to ease to 2.5% this year and decelerate to 1.7% in 2020. "I think it's more likely that the tariffs go on, and we'll probably be talking during the time that the tariffs are on, and they're going to be paid", Trump said at a news conference in London on Tuesday. (more...)
- June 07, 2019
We are closely monitoring the implications of these developments for the USA economic outlook, and as always, we will act as appropriate to sustain the expansion'. US growth is forecast to ease to 2.5% this year and decelerate to 1.7% in 2020. "I think it's more likely that the tariffs go on, and we'll probably be talking during the time that the tariffs are on, and they're going to be paid", Trump said at a news conference in London on Tuesday. (more...)
FCA, France reach tentative agreement on Renault merger
- June 06, 2019
However it has become clear that the political conditions in France do not now exist for such a combination to proceed successfully.FCA expresses its honest thanks to Groupe Renault , in particular to its Chairman and its Chief Executive Officer, and also to the Alliance partners at Nissan Motor Company and Mitsubishi Motors Corporation, for their constructive engagement on all aspects of FCA's proposal. (more...)
- June 06, 2019
However it has become clear that the political conditions in France do not now exist for such a combination to proceed successfully.FCA expresses its honest thanks to Groupe Renault , in particular to its Chairman and its Chief Executive Officer, and also to the Alliance partners at Nissan Motor Company and Mitsubishi Motors Corporation, for their constructive engagement on all aspects of FCA's proposal. (more...)
Manufacturing Output Down in May: Markit PMI
- June 06, 2019
But since risks for a no deal Brexit are now heating up and factories have already started to cut jobs for the second month in May, questions are rising about whether the recovery in the services sector could continue in coming months. Export orders plummeted at the steepest rate in nearly five years in April as British manufacturing suffered its steepest downturn since July 2016. (more...)
- June 06, 2019
But since risks for a no deal Brexit are now heating up and factories have already started to cut jobs for the second month in May, questions are rising about whether the recovery in the services sector could continue in coming months. Export orders plummeted at the steepest rate in nearly five years in April as British manufacturing suffered its steepest downturn since July 2016. (more...)
RBA cuts interest rates for first time in nearly three years
- June 06, 2019
Treasurer Josh Frydenberg met with executives at the four big banks in recent days to urge them to pass on the benefits of a lower rate. The Urban Development Institute of Australia (UDIA WA) said it was a timely move that would benefit the struggling WA property market if the banks followed through and passed the rate cut on. (more...)
- June 06, 2019
Treasurer Josh Frydenberg met with executives at the four big banks in recent days to urge them to pass on the benefits of a lower rate. The Urban Development Institute of Australia (UDIA WA) said it was a timely move that would benefit the struggling WA property market if the banks followed through and passed the rate cut on. (more...)
Renault-FCA merger talks should not be rushed, French finance minister says
- June 06, 2019
FCA thanked Renault and its alliance partners Nissan and Mitsubishi for their constructive work on the proposal. Fiat Chrysler said: "FCA remains firmly convinced of the compelling, transformational rationale of a proposal that has been widely appreciated since it was submitted, the structure and terms of which were carefully balanced to deliver substantial benefits to all parties". (more...)
- June 06, 2019
FCA thanked Renault and its alliance partners Nissan and Mitsubishi for their constructive work on the proposal. Fiat Chrysler said: "FCA remains firmly convinced of the compelling, transformational rationale of a proposal that has been widely appreciated since it was submitted, the structure and terms of which were carefully balanced to deliver substantial benefits to all parties". (more...)
Oil prices slide on USA inventory build, equity rally caps losses
- June 06, 2019
Futures strengthened slightly early in the session and then plunged after USA inventory data was released. The persistent slump in crude oil prices since the recent peak of $66.46/bbl, which was made back in late April, has echoed the downturn in global economic growth expectations, owing largely to escalating US China trade war tensions. (more...)
- June 06, 2019
Futures strengthened slightly early in the session and then plunged after USA inventory data was released. The persistent slump in crude oil prices since the recent peak of $66.46/bbl, which was made back in late April, has echoed the downturn in global economic growth expectations, owing largely to escalating US China trade war tensions. (more...)
Hope grows for deal to avoid U.S. tariffs on Mexican goods
- June 05, 2019
U.S. Senate Majority Leader Mitch McConnell said on Tuesday there was "not much support" among his fellow Republicans for the tariffs. Automakers are pressing Republican senators on Capitol Hill to contact the White House to try to convince the president not to move ahead with the tariffs, the people briefed on the matter told Reuters. (more...)
- June 05, 2019
U.S. Senate Majority Leader Mitch McConnell said on Tuesday there was "not much support" among his fellow Republicans for the tariffs. Automakers are pressing Republican senators on Capitol Hill to contact the White House to try to convince the president not to move ahead with the tariffs, the people briefed on the matter told Reuters. (more...)
Amazon pop up shops to open in United Kingdom town centres
- June 05, 2019
In addition, the stores will also provide a shop window for some of the many companies that use Amazon or fulfilment. Founder of Enterprise Nation, Emma Jones, said: "UK shoppers like to shop both online and in high street stores [and this will] enable customers to discover new brands on their local high streets". (more...)
- June 05, 2019
In addition, the stores will also provide a shop window for some of the many companies that use Amazon or fulfilment. Founder of Enterprise Nation, Emma Jones, said: "UK shoppers like to shop both online and in high street stores [and this will] enable customers to discover new brands on their local high streets". (more...)
Amazon says 10 million items now qualify for one-day delivery
- June 05, 2019
The blog cites Amazon's strong fulfillment network in allowing it to expand the Prime Free One Day service. Today, Prime Free One Day is available to members with no minimum purchase amount on more than ten million products, coast to coast. (more...)
- June 05, 2019
The blog cites Amazon's strong fulfillment network in allowing it to expand the Prime Free One Day service. Today, Prime Free One Day is available to members with no minimum purchase amount on more than ten million products, coast to coast. (more...)
Maryland couple was found dead in their Dominican Republic hotel room
- June 05, 2019
She collapsed, she couldn't communicate", McDonald told Fox New . "It was, at first, a little confusing that there was such a strong parallel... it immediately caused serious concern for us". He suggested that the hotel and other authorities - who claimed Schaup died of respiratory failure and pulmonary edema - were trying to mislead the public about the cause of her death. (more...)
- June 05, 2019
She collapsed, she couldn't communicate", McDonald told Fox New . "It was, at first, a little confusing that there was such a strong parallel... it immediately caused serious concern for us". He suggested that the hotel and other authorities - who claimed Schaup died of respiratory failure and pulmonary edema - were trying to mislead the public about the cause of her death. (more...)
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