Markets
Oil Prices Slip as Inventories Build
- July 18, 2019
Refinery utilization rates fell by 0.3 percentage points. Brent crude LCOc1 futures were down 15 cents, or 0.2%, at $63.51 a barrel by 0044 GMT. Crude oil prices drifted lower on Wednesday after official data from U.S. On Tuesday, crude oil prices plunged more than 3% after President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Middle East. (more...)
- July 18, 2019
Refinery utilization rates fell by 0.3 percentage points. Brent crude LCOc1 futures were down 15 cents, or 0.2%, at $63.51 a barrel by 0044 GMT. Crude oil prices drifted lower on Wednesday after official data from U.S. On Tuesday, crude oil prices plunged more than 3% after President Donald Trump said progress has been made with Iran, signaling tensions could ease in the Middle East. (more...)
National Hot Dog Day freebies
- July 18, 2019
While the contestants gave it their best Wednesday, their efforts fell far short of Chestnut's consumption of 71 hot dogs to win the Nathan's Hot Dog Eating Contest on July 4. The free delivery is applicable to all orders over $10 that are placed on their website . TravelCenters of America: This includes Petro Stopping Centers and TA Express locations. (more...)
- July 18, 2019
While the contestants gave it their best Wednesday, their efforts fell far short of Chestnut's consumption of 71 hot dogs to win the Nathan's Hot Dog Eating Contest on July 4. The free delivery is applicable to all orders over $10 that are placed on their website . TravelCenters of America: This includes Petro Stopping Centers and TA Express locations. (more...)
Trump Says He Could Impose More China Tariffs If He Wants
- July 18, 2019
China's trading partners and financial markets are closely watching the health of the world's second-largest economy as the Sino-US trade war gets longer and costlier, fuelling worries of a global recession. US and Chinese trade negotiators spoke by phone last week, and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing "in the very near future", Navarro said last week. (more...)
- July 18, 2019
China's trading partners and financial markets are closely watching the health of the world's second-largest economy as the Sino-US trade war gets longer and costlier, fuelling worries of a global recession. US and Chinese trade negotiators spoke by phone last week, and US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin will travel to Beijing "in the very near future", Navarro said last week. (more...)
Bitcoin price plunges following Senate hearing into Facebook's Libra cryptocurrency
- July 18, 2019
In an interview shortly after the Senate Banking Committee's hearing on Facebook's cryptocurrency plans, Sen. Democratic Senator Sherrod Brown led the anti-Facebook push, saying that "like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience". (more...)
- July 18, 2019
In an interview shortly after the Senate Banking Committee's hearing on Facebook's cryptocurrency plans, Sen. Democratic Senator Sherrod Brown led the anti-Facebook push, saying that "like a toddler who has gotten his hands on a book of matches, Facebook has burned down the house over and over, and called every arson a learning experience". (more...)
Dollar firm on upbeat U.S
- July 17, 2019
While this slight dip is unlikely to be enough to prompt the Reserve Bank of Australia (RBA) to cut interest rates imminently AUD exchange rates still softened in the wake of the data. Nick Boden, who leads the firm, said: "For those who haven't yet booked their trip overseas and are looking for a late deal, it makes sense to pick a destination where sterling remains stronger". (more...)
- July 17, 2019
While this slight dip is unlikely to be enough to prompt the Reserve Bank of Australia (RBA) to cut interest rates imminently AUD exchange rates still softened in the wake of the data. Nick Boden, who leads the firm, said: "For those who haven't yet booked their trip overseas and are looking for a late deal, it makes sense to pick a destination where sterling remains stronger". (more...)
Turkey vows to continue drilling for gas off Cyprus coast
- July 17, 2019
Despite renewed tensions, the European Union is wary of an escalation that would risk a landmark 2016 migration agreement, under which Turkey stemmed the bulk of refugee flows to Europe in exchange for financial assistance. Turkey now has two ships drilling for oil and gas in the disputed zone. Turkey insists that it has rights over certain offshore zones and that Turkish Cypriots have rights over others. (more...)
- July 17, 2019
Despite renewed tensions, the European Union is wary of an escalation that would risk a landmark 2016 migration agreement, under which Turkey stemmed the bulk of refugee flows to Europe in exchange for financial assistance. Turkey now has two ships drilling for oil and gas in the disputed zone. Turkey insists that it has rights over certain offshore zones and that Turkish Cypriots have rights over others. (more...)
Elon Musk shows off progress on brain-machine interface
- July 17, 2019
Elon Musk aspires to make inserting a computer connection into your brain as safe and painless as Lasik eye surgery. They are also looking into human enhancement where human brains will be able to communicate with computers. But in the future, they hope to use a laser beam to pierce the skull with a series of tiny holes. However, a lot of experiments that work on animals and in this the rat, may not actually work on human beings. (more...)
- July 17, 2019
Elon Musk aspires to make inserting a computer connection into your brain as safe and painless as Lasik eye surgery. They are also looking into human enhancement where human brains will be able to communicate with computers. But in the future, they hope to use a laser beam to pierce the skull with a series of tiny holes. However, a lot of experiments that work on animals and in this the rat, may not actually work on human beings. (more...)
Tesla Drops Standard Range Model S, Model X
- July 17, 2019
The Model X Performance runs $104,990 and similarly includes Ludicrous Mode as standard. Tesla is adjusting prices "in order to continue to improve affordability for customers", the Chinese unit said in a statement. Tesla's "full self-driving computer" is included on every auto, but activating it is a $6000 option when ordered today and "likely to increase over time" if you buy after delivery. (more...)
- July 17, 2019
The Model X Performance runs $104,990 and similarly includes Ludicrous Mode as standard. Tesla is adjusting prices "in order to continue to improve affordability for customers", the Chinese unit said in a statement. Tesla's "full self-driving computer" is included on every auto, but activating it is a $6000 option when ordered today and "likely to increase over time" if you buy after delivery. (more...)
Facebook called 'delusional' over Libra plan as Senators dig in
- July 17, 2019
Mnuchin is the latest senior USA regulator to air concerns with the product, days after Federal Reserve Chairman Jay Powell expressed similar worries about the digital currency could be misused. Patrick Toomey, a Pennsylvania Republican who sits on the Senate banking committee. Mnuchin cautioned that crypto entities will be subject to the same level of regulation, oversight, and expectations as traditional financial institutions , indicating that the government will increase its efforts ... (more...)
- July 17, 2019
Mnuchin is the latest senior USA regulator to air concerns with the product, days after Federal Reserve Chairman Jay Powell expressed similar worries about the digital currency could be misused. Patrick Toomey, a Pennsylvania Republican who sits on the Senate banking committee. Mnuchin cautioned that crypto entities will be subject to the same level of regulation, oversight, and expectations as traditional financial institutions , indicating that the government will increase its efforts ... (more...)
Oil prices nudge up on Chinese economic data
- July 17, 2019
The global benchmark hit a session high of $67.09 earlier in the day. Brent crude futures settled at $66.48 a barrel, losing 24 cents, while United States crude settled at $59.58 a barrel, shedding 63 cents, or 1.1%. Crude trading on Monday and Tuesday suggests that the commodity may be returning to a modestly downward trajectory, inspired by USA producers resuming operations in the aftermath of hurricane Barry and weak economic data from China. (more...)
- July 17, 2019
The global benchmark hit a session high of $67.09 earlier in the day. Brent crude futures settled at $66.48 a barrel, losing 24 cents, while United States crude settled at $59.58 a barrel, shedding 63 cents, or 1.1%. Crude trading on Monday and Tuesday suggests that the commodity may be returning to a modestly downward trajectory, inspired by USA producers resuming operations in the aftermath of hurricane Barry and weak economic data from China. (more...)
Punitive damages: U.S. judge slashes jury award in Roundup cancer case
- July 17, 2019
U.S. District Judge Vince Chhabria ruled Monday that the jury's decision in the Hardeman case to award punitive damages of $75 million was " constitutionally impermissible ". " While Monsanto repeatedly intones that it stands by the safety of its product, the evidence at trial painted the picture of a company focused on attacking or undermining the people who raised concerns, to the exclusion of being an objective arbiter of Roundup's safety ". (more...)
- July 17, 2019
U.S. District Judge Vince Chhabria ruled Monday that the jury's decision in the Hardeman case to award punitive damages of $75 million was " constitutionally impermissible ". " While Monsanto repeatedly intones that it stands by the safety of its product, the evidence at trial painted the picture of a company focused on attacking or undermining the people who raised concerns, to the exclusion of being an objective arbiter of Roundup's safety ". (more...)
Europe deprived of the Galileo signal
- July 16, 2019
Theresa May told reporters at the G20 summit in Argentina past year: "The European Commission decided that we would be barred from having full aspects of the Galileo programme and so it is right for us to look for alternatives because it would be wrong to put our armed services relying on a system on which they couldn't be sure of". (more...)
- July 16, 2019
Theresa May told reporters at the G20 summit in Argentina past year: "The European Commission decided that we would be barred from having full aspects of the Galileo programme and so it is right for us to look for alternatives because it would be wrong to put our armed services relying on a system on which they couldn't be sure of". (more...)
Declines in trading: Goldman Sachs reports dip in 2nd quarter profits
- July 16, 2019
Overall sales fell by 2% from the same period previous year due to a drop in the firm's investment-management and investment-banking revenue . The FactSet consensus for institutional client services revenue was $3.33 billion. Solomon said on an analyst call discussing earnings that the United deal would close Tuesday. The bank is aiming to generate $5 billion in new revenue by 2020, and is now undergoing a front-to-back review of all its businesses started last October when Solomon took ... (more...)
- July 16, 2019
Overall sales fell by 2% from the same period previous year due to a drop in the firm's investment-management and investment-banking revenue . The FactSet consensus for institutional client services revenue was $3.33 billion. Solomon said on an analyst call discussing earnings that the United deal would close Tuesday. The bank is aiming to generate $5 billion in new revenue by 2020, and is now undergoing a front-to-back review of all its businesses started last October when Solomon took ... (more...)
Amazon Prime Day sales: Early estimate shows gain from a year ago
- July 16, 2019
This page will continue to be updated as the sale continues, so be sure to check back frequently as we add even more discounted tabletop games to the list. Desktop users, don't forget to install Amazon Assistant to receive notifications on deals and $10 off your next order of $50 or more. You've got until the stroke of midnight on Friday to redeem it. (more...)
- July 16, 2019
This page will continue to be updated as the sale continues, so be sure to check back frequently as we add even more discounted tabletop games to the list. Desktop users, don't forget to install Amazon Assistant to receive notifications on deals and $10 off your next order of $50 or more. You've got until the stroke of midnight on Friday to redeem it. (more...)
Facebook Fined $5 Billion over Cambridge Analytica Scandal
- July 16, 2019
One hour after the news of the fine became public, about 4:00 p.m., the price of Facebook's stock rose to $204.87, making Zuckerberg's shares worth a huge $84.1 billion . A Justice Department spokeswoman declined to comment on the Facebook matter. "Given Facebook's repeated privacy violations , it is clear that fundamental structural reforms are required", Sen. (more...)
- July 16, 2019
One hour after the news of the fine became public, about 4:00 p.m., the price of Facebook's stock rose to $204.87, making Zuckerberg's shares worth a huge $84.1 billion . A Justice Department spokeswoman declined to comment on the Facebook matter. "Given Facebook's repeated privacy violations , it is clear that fundamental structural reforms are required", Sen. (more...)
Mnuchin says Facebook cryptocurrency needs safeguards against money laundering
- July 16, 2019
The Treasury chief's comments went further, though, tying Libra directly to concerns over potential use for money laundering, drug and human trafficking, tax evasion and other crimes. "The time between now and launch is created to be an open process and subject to regulatory oversight and review", Marcus was to say in his remarks, which were released by the Senate Banking Committee. (more...)
- July 16, 2019
The Treasury chief's comments went further, though, tying Libra directly to concerns over potential use for money laundering, drug and human trafficking, tax evasion and other crimes. "The time between now and launch is created to be an open process and subject to regulatory oversight and review", Marcus was to say in his remarks, which were released by the Senate Banking Committee. (more...)
Hong Kong retailers forecast sharp drop in sales as protests rock city
- July 16, 2019
Hong Kong has been rocked by a string of large and sometimes violent street protests over the past month over the now-suspended extradition bill that would have allowed criminal suspects in Hong Kong to be sent to China to face trial in courts under ruling Communist Party control. (more...)
- July 16, 2019
Hong Kong has been rocked by a string of large and sometimes violent street protests over the past month over the now-suspended extradition bill that would have allowed criminal suspects in Hong Kong to be sent to China to face trial in courts under ruling Communist Party control. (more...)
Symantec ends talks to sell to Broadcom over price
- July 16, 2019
Eric Parizo, senior analyst with Ovum, said the move would be smart for Broadcom, but would prove to be a "disastrous event" for Symantec. "This is a game of high-stakes poker and ultimately Symantec's board wanted a minimum of $28 per share in a bid which was at the high end of the range ($26-$28) that we believe would have been fair value in a transaction with Broadcom". (more...)
- July 16, 2019
Eric Parizo, senior analyst with Ovum, said the move would be smart for Broadcom, but would prove to be a "disastrous event" for Symantec. "This is a game of high-stakes poker and ultimately Symantec's board wanted a minimum of $28 per share in a bid which was at the high end of the range ($26-$28) that we believe would have been fair value in a transaction with Broadcom". (more...)
China's economy grows at slowest pace since 1990s
- July 16, 2019
The world's second largest economy has also been fighting a trade war with the U.S. which has weighed on global trade. But in the first half, industrial output growth dropped to 6 percent, down from 6.5 percent in the first quarter. Sputnik: When we look at this slowdown in growth; how much is this attributed to the current ongoing trade war between the U.S. and China? The longer-term picture, though, is one of an economy continuing a reasonably orderly and intended slowdown in growth. (more...)
- July 16, 2019
The world's second largest economy has also been fighting a trade war with the U.S. which has weighed on global trade. But in the first half, industrial output growth dropped to 6 percent, down from 6.5 percent in the first quarter. Sputnik: When we look at this slowdown in growth; how much is this attributed to the current ongoing trade war between the U.S. and China? The longer-term picture, though, is one of an economy continuing a reasonably orderly and intended slowdown in growth. (more...)
Canada's new rules offer extra compensation for passengers bumped by airlines
- July 16, 2019
Under the new Air Passenger Protection Regulations , Canadian air passengers who experience travel disruptions that are within an airline's control , such as flight and tarmac delays, cancellations, and lost or damaged baggage will be compensated . (more...)
- July 16, 2019
Under the new Air Passenger Protection Regulations , Canadian air passengers who experience travel disruptions that are within an airline's control , such as flight and tarmac delays, cancellations, and lost or damaged baggage will be compensated . (more...)
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Oil Plummets to 17-Year Low as Broken Market Drowns in Crude