Markets
Commerce Dept.: US trade deficit has grown by nearly $1B
- October 07, 2019
The overall USA trade deficit widened to 54.9 billion US dollars in August amid protracted trade tensions, US government figures showed on Friday. As a result, the USA trade balance crept 1.6 percent higher to $54.9 billion for the month, surpassing economists' expectations. (more...)
- October 07, 2019
The overall USA trade deficit widened to 54.9 billion US dollars in August amid protracted trade tensions, US government figures showed on Friday. As a result, the USA trade balance crept 1.6 percent higher to $54.9 billion for the month, surpassing economists' expectations. (more...)
BP names Looney as Dudley's successor
- October 07, 2019
The announcement will draw to a close Dudley's 40-year career at the London-listed energy major after he sought to restore its tarnished reputation following the deadly Deepwater Horizon tragedy and steered it back into profit. He will be replaced by 49-year-old Bernard Looney , the company said in a statement. BP Chairman Helge Lund said Dudley was appointed chief executive at probably the most challenging time in the company's history, referring to the aftermath of the Deepwater ... (more...)
- October 07, 2019
The announcement will draw to a close Dudley's 40-year career at the London-listed energy major after he sought to restore its tarnished reputation following the deadly Deepwater Horizon tragedy and steered it back into profit. He will be replaced by 49-year-old Bernard Looney , the company said in a statement. BP Chairman Helge Lund said Dudley was appointed chief executive at probably the most challenging time in the company's history, referring to the aftermath of the Deepwater ... (more...)
Fed chair: United States economy 'good' but faces some risks
- October 07, 2019
The US consumer and economy are in a "good place," and the US labour market is "very healthy", Clarida said. Without responding directly to those criticisms, Mr. At the same time, inflation has lingered below the Fed's 2 percent goal. Uncertainty about trade policy is impacting investment. "Yesterday's post-ISM rebound has continued in the wake of a non-farm payrolls report that echoes the "Goldilocks" reports of years past - weak job growth but not too weak, and slightly slower wage ... (more...)
- October 07, 2019
The US consumer and economy are in a "good place," and the US labour market is "very healthy", Clarida said. Without responding directly to those criticisms, Mr. At the same time, inflation has lingered below the Fed's 2 percent goal. Uncertainty about trade policy is impacting investment. "Yesterday's post-ISM rebound has continued in the wake of a non-farm payrolls report that echoes the "Goldilocks" reports of years past - weak job growth but not too weak, and slightly slower wage ... (more...)
PayPal pulls out of Facebook's Libra currency project
- October 06, 2019
It's now unsure how PayPal's announcement shakes up the association's plans or Libra's planned 2020 debut moving forward; the group's head of policy and communications, Dante Disparte, doesn't mention it in their statement provided to Gizmodo, preferring instead to focus on the "boldness" and "fortitude" required of its supporters in this "generational opportunity", which makes Libra sound more like a Star Trek expedition than a cryptocurrency scheme. (more...)
- October 06, 2019
It's now unsure how PayPal's announcement shakes up the association's plans or Libra's planned 2020 debut moving forward; the group's head of policy and communications, Dante Disparte, doesn't mention it in their statement provided to Gizmodo, preferring instead to focus on the "boldness" and "fortitude" required of its supporters in this "generational opportunity", which makes Libra sound more like a Star Trek expedition than a cryptocurrency scheme. (more...)
Tim Cook: Apple Has no Plans of Launching a Cryptocurrency
- October 06, 2019
I'm not comfortable with the idea of a private group setting up a competing currency ... a private company should not be looking to gain power this way. Apple's payments strategy lies down the more traditional path of the credit card, with the launch of the Apple Card during the summer. Facebook CEO Mark Zuckerberg says his ambitions for his cryptocurrency Libra are driven by a desire to help people who are cut off from the global monetary system. (more...)
- October 06, 2019
I'm not comfortable with the idea of a private group setting up a competing currency ... a private company should not be looking to gain power this way. Apple's payments strategy lies down the more traditional path of the credit card, with the launch of the Apple Card during the summer. Facebook CEO Mark Zuckerberg says his ambitions for his cryptocurrency Libra are driven by a desire to help people who are cut off from the global monetary system. (more...)
U.S. adds 136000 jobs; unemployment hits 50-year low of 3.5%
- October 05, 2019
Hispanic unemployment fell to 3.9%, setting a record low, while black unemployment remained at a record low of 5.5%. Trump immediately cheered the good jobs data, claiming his economic record should shield him from efforts to impeach him, and shortly after said a trade deal with China was possible soon. (more...)
- October 05, 2019
Hispanic unemployment fell to 3.9%, setting a record low, while black unemployment remained at a record low of 5.5%. Trump immediately cheered the good jobs data, claiming his economic record should shield him from efforts to impeach him, and shortly after said a trade deal with China was possible soon. (more...)
Ukraine to review cases involving firm that hired Joe Biden's son
- October 05, 2019
US President Donald Trump has called on China to investigate his potential 2020 election rival Joe Biden over his son Hunter Biden's dealings with a fund that sought to raise Chinese capital for investment. Biden has denied any wrongdoing. Equally important, the texts that Volker shared with the committee (leaked to ABC News) indicate the president wasn't using military aid to blackmail Ukraine's leaders. (more...)
- October 05, 2019
US President Donald Trump has called on China to investigate his potential 2020 election rival Joe Biden over his son Hunter Biden's dealings with a fund that sought to raise Chinese capital for investment. Biden has denied any wrongdoing. Equally important, the texts that Volker shared with the committee (leaked to ABC News) indicate the president wasn't using military aid to blackmail Ukraine's leaders. (more...)
Oil ends little changed after touching near two-month lows
- October 04, 2019
The predicted crude oil production will increase 1 million barrels in a day in 2020. U.S. inventories swelled by a more-than-expected 3.1 million barrels last week, according to Energy Information Administration (EIA) data. West Texas Intermediate for November delivery rose 65 cents, or 1.2%, to $53.10 a barrel on the New York Mercantile Exchange as of 9:21 a.m. local time. (more...)
- October 04, 2019
The predicted crude oil production will increase 1 million barrels in a day in 2020. U.S. inventories swelled by a more-than-expected 3.1 million barrels last week, according to Energy Information Administration (EIA) data. West Texas Intermediate for November delivery rose 65 cents, or 1.2%, to $53.10 a barrel on the New York Mercantile Exchange as of 9:21 a.m. local time. (more...)
PMC scam: ED files PMLA case, raids at 6 places in Mumbai
- October 04, 2019
Explaining the modus operandi of the case, the FIR said that HDIL promoters allegedly colluded with the bank management to draw loans from the bank's Bhandup branch. On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months. The complaint alleges that the PMC and HDIL officials purposely misled the RBI for over a decade from 2008 to August 2019 by failing to disclose big accounts that had become non-performing assets by producing forged audit reports. (more...)
- October 04, 2019
Explaining the modus operandi of the case, the FIR said that HDIL promoters allegedly colluded with the bank management to draw loans from the bank's Bhandup branch. On September 23, the RBI had imposed regulatory restrictions on the PMC Bank for six months. The complaint alleges that the PMC and HDIL officials purposely misled the RBI for over a decade from 2008 to August 2019 by failing to disclose big accounts that had become non-performing assets by producing forged audit reports. (more...)
ED slaps money laundering charge against PMC Bank, raids six locations
- October 04, 2019
The bank's former chairman Waryam Singh, managing director Joy Thomas and other senior officials, along with a director of HDIL, have been named in the FIR. A lookout circular had also been issued against them after investigations revealed massive financial irregularities at HDIL. HDIL is at centre of the PMC Bank scam as Thomas confessed that the bank's exposure to HDIL is Rs 6,500 crore of the Rs 8,880 crore assets of the bank. (more...)
- October 04, 2019
The bank's former chairman Waryam Singh, managing director Joy Thomas and other senior officials, along with a director of HDIL, have been named in the FIR. A lookout circular had also been issued against them after investigations revealed massive financial irregularities at HDIL. HDIL is at centre of the PMC Bank scam as Thomas confessed that the bank's exposure to HDIL is Rs 6,500 crore of the Rs 8,880 crore assets of the bank. (more...)
Here's where you can snag free and cheap tacos on Taco Day
- October 04, 2019
As the taco website points out , the history of the food item is largely unknown. Pilcher tells Smithsonian.com, "The first references [to the taco] in any sort of archive or dictionary come from the end of the 19th century". If you're interested in some great deals and freebies for National Taco Day, look no further. The closest location is in Temecula. Del Taco: The chain has two separate offers available on Friday. (more...)
- October 04, 2019
As the taco website points out , the history of the food item is largely unknown. Pilcher tells Smithsonian.com, "The first references [to the taco] in any sort of archive or dictionary come from the end of the 19th century". If you're interested in some great deals and freebies for National Taco Day, look no further. The closest location is in Temecula. Del Taco: The chain has two separate offers available on Friday. (more...)
India cuts rates for 5th time amid economic slowdown, banking woes
- October 04, 2019
RBI Governor Shaktikanta Das had earlier hinted that benign inflation provides room for further monetary policy easing while space for fiscal space is limited. On the upside, the GDP growth momentum can be helped by the the government's measures in August-September to boost growth and investment - policy reforms on FDI, upfront release of funds for recapitalisation of public sector banks (PSBs), merger of PSBs, it said. (more...)
- October 04, 2019
RBI Governor Shaktikanta Das had earlier hinted that benign inflation provides room for further monetary policy easing while space for fiscal space is limited. On the upside, the GDP growth momentum can be helped by the the government's measures in August-September to boost growth and investment - policy reforms on FDI, upfront release of funds for recapitalisation of public sector banks (PSBs), merger of PSBs, it said. (more...)
Samsung Pay gets a prepaid virtual card to help you budget
- October 04, 2019
Samsung on Thursday rolled out two new features for its Pay service: a cash card and worldwide money transfer . Virtual wallets are not new by any means, but Samsung's implementation is special in that it can be used at NFC and traditional magnetic payment terminals at retail stores just like a regular credit or debit card. (more...)
- October 04, 2019
Samsung on Thursday rolled out two new features for its Pay service: a cash card and worldwide money transfer . Virtual wallets are not new by any means, but Samsung's implementation is special in that it can be used at NFC and traditional magnetic payment terminals at retail stores just like a regular credit or debit card. (more...)
Whole Foods in NY, NJ, CT to pull cheese over contamination
- October 04, 2019
Symptoms can include vomiting, nausea, fever, muscle aches, severe headache and neck stiffness. Listeria infection can cause miscarriages and still births among pregnant women. Listeria strikes 1,600 USA citizens each year, killing around 260, according to the Centers for Disease Control and Prevention . The imported diced chicken used in these products has been associated with an outbreak investigation, although there have been no confirmed illnesses at this time. (more...)
- October 04, 2019
Symptoms can include vomiting, nausea, fever, muscle aches, severe headache and neck stiffness. Listeria infection can cause miscarriages and still births among pregnant women. Listeria strikes 1,600 USA citizens each year, killing around 260, according to the Centers for Disease Control and Prevention . The imported diced chicken used in these products has been associated with an outbreak investigation, although there have been no confirmed illnesses at this time. (more...)
Visa And Mastercard Start To Get Cold Feet Over Facebook's Libra
- October 04, 2019
Also notable is the lack of public support from Facebook's Libra partners. Fb presented plans to open the digital currency in June 2020, in partnership with different people of the Libra Affiliation articulate up by the USA tech big to control the challenge. (more...)
- October 04, 2019
Also notable is the lack of public support from Facebook's Libra partners. Fb presented plans to open the digital currency in June 2020, in partnership with different people of the Libra Affiliation articulate up by the USA tech big to control the challenge. (more...)
US Presidential candidate Warren, Zuckerberg lock claws over #BreakUpBigTech
- October 03, 2019
Presidential candidate Elizabeth Warren took her critique of Facebook CEO Mark Zuckerberg one step further - in a post on Instagram , which his company owns. "They've bulldozed competition, used our private information for profit, undermined our democracy, and tilted the playing field against everyone else", she said in another. (more...)
- October 03, 2019
Presidential candidate Elizabeth Warren took her critique of Facebook CEO Mark Zuckerberg one step further - in a post on Instagram , which his company owns. "They've bulldozed competition, used our private information for profit, undermined our democracy, and tilted the playing field against everyone else", she said in another. (more...)
Huntington Mall location among Forever 21 stores potentially closing
- October 03, 2019
Officials at the Mall of America weren't immediately available to comment on the future of that store. A long list of locations the company plans to close included the Kenwood Township Center location and the Liberty Center location. The Associated Press reported that the Los Angeles-based trendy fast-fashion company was at its zenith during the Great Recession, when its bargain prices attracted penny-pinching shoppers, but online competitors have since cut into its profits. (more...)
- October 03, 2019
Officials at the Mall of America weren't immediately available to comment on the future of that store. A long list of locations the company plans to close included the Kenwood Township Center location and the Liberty Center location. The Associated Press reported that the Los Angeles-based trendy fast-fashion company was at its zenith during the Great Recession, when its bargain prices attracted penny-pinching shoppers, but online competitors have since cut into its profits. (more...)
Tesla deliveries miss Wall Street estimates; shares fall 6%
- October 03, 2019
According to the first sales reports from Australia for the month of September 2019, Tesla Model 3 made a huge splash since launching several weeks ago . That works out to more than 6,000 vehicles per quarter. That won't be easy, but it might be doable. Tesla has shared its production results for the third quarter, claiming yet another delivery record for the period . (more...)
- October 03, 2019
According to the first sales reports from Australia for the month of September 2019, Tesla Model 3 made a huge splash since launching several weeks ago . That works out to more than 6,000 vehicles per quarter. That won't be easy, but it might be doable. Tesla has shared its production results for the third quarter, claiming yet another delivery record for the period . (more...)
Subdued demand hampers production growth: PMI
- October 03, 2019
The rate of new business orders was the strongest in 13 months in September, the survey found, although output among firms grew modestly due to the cash flow concerns. "Coming on the heels of a decline in the second quarter, (this) would mean the United Kingdom is facing a heightened risk of recession", IHS Markit economist Chris Williamson said. (more...)
- October 03, 2019
The rate of new business orders was the strongest in 13 months in September, the survey found, although output among firms grew modestly due to the cash flow concerns. "Coming on the heels of a decline in the second quarter, (this) would mean the United Kingdom is facing a heightened risk of recession", IHS Markit economist Chris Williamson said. (more...)
US manufacturing marks biggest slump in a decade
- October 03, 2019
Addressing inventories, Fiore said the sector is still matching import orders to input material levels, which makes a lot of sense, as manufacturers are closely watching new order levels softened four months ago, with the inventory number being at the 49 level, give or take, with the inventory number now at 46.9. (more...)
- October 03, 2019
Addressing inventories, Fiore said the sector is still matching import orders to input material levels, which makes a lot of sense, as manufacturers are closely watching new order levels softened four months ago, with the inventory number being at the 49 level, give or take, with the inventory number now at 46.9. (more...)
Latest news
Indigenous leaders meet to discuss implications of Canadian reconciliation efforts