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Finance

The International Energy Agency said that U.S. oil production growth combined with a slowing global economy would put oil prices under pressure. Ashton Whiteley analysts say the OPEC-led cuts may offer only a temporary reprieve as global demand and the threat of oversupply provide the biggest risk to oil prices.
  • Sex Sells (Unless You're a Woman at CES)

    Sex Sells (Unless You're a Woman at CES)

    Finance

    But these old-school "bra fitters" are hard to find these days. But a month after that, DiCarlo explains in an open letter on the company's website , they were notified that the award was being rescinded and they were barred from showing at CES.
  • China Trade Talks Conclude With Uncertain Outcome

    China Trade Talks Conclude With Uncertain Outcome

    Finance

    China's commerce ministry said the discussions "established a foundation for the resolution of each others' concerns". It appears trade talks between the US and China are going well as reports suggest the two sides are getting closer on settling their differences.
  • Could the Government Shutdown Delay My Tax Return?

    Could the Government Shutdown Delay My Tax Return?

    Finance

    He says that the IRS can process tax returns during a shutdown, but it can't hand over tax refunds. 'We're in uncharted territory as each day gets longer, ' Mark Steber, chief tax officer at Jackson Hewitt Tax Service, told the Wall Street Journal , which first reported on the refund issue.
  • The Next iPhone Will Have This Huge 3-Camera Bump

    The Next iPhone Will Have This Huge 3-Camera Bump

    Finance

    Yes, finally it looks like Apple is bringing three cameras on the rear panel of the new iPhone. The camera setup will include three cameras in a triangle formation along with a hexa LED flash and a secondary noise cancellation microphone.
  • Trade negotiations with China going well

    Trade negotiations with China going well

    Finance

    The Canadian dollar traded at an average of 74.57 cents USA compared with an average of 74.02 cents U.S. on Thursday. "Apple makes their product in China", Trump said . Technology companies took their biggest losses in seven years. Beijing responded by imposing penalties on $110 billion of American goods, slowing down customs clearance for USA companies and suspending issuance of licenses in finance and other industries .
  • China has detained 13 Canadians since Huawei CFO arrest

    China has detained 13 Canadians since Huawei CFO arrest

    Finance

    The United States warned its citizens on Thursday they could face arbitrary action by authorities when they visit China , following the detention of two Canadians. China-US affairs expert Yuan Zheng, from the Chinese Academy of Social Sciences, an official think tank under the State Council, said the Chinese government welcomed Americans wanting to travel and do business in the country.
  • Here's What Analysts Are Saying About Apple's Slowing iPhone Sales

    Here's What Analysts Are Saying About Apple's Slowing iPhone Sales

    Finance

    The company is now valued at around $680 billion. In a carefully crafted letter , CEO Tim Cook said economic turmoil in China wreaked havoc on the company's top line. After multinational companies relied heavily on China for years for growth, warning signs across different industries are beginning to crop up suggesting there are broad, ominous trends gathering force in the world's second largest economy.
  • Krispy Kreme truck destroyed in fire, Kentucky police mourn

    Krispy Kreme truck destroyed in fire, Kentucky police mourn

    Finance

    The driver noticed smoke billowing out of the back and was able to get out of the vehicle safely with no injuries. Their post included photos of the blackened side of the truck and officers jokingly mourning the truck's loss. "We feel your loss", the University of Kentucky Police Department wrote . The Cleveland police department tweeted, "Praying for you all in this hard moment".
  • Tesla names Larry Ellison to board

    Tesla names Larry Ellison to board

    Finance

    Many current owners were more than happy to share their knowledge of Tesla vehicles with new owners. "Tesla intends to certify to the Commission that it and Elon have timely completed each of their respective actions required pursuant to the Settlement", the company said in a securities filing.
  • Computer virus disrupts production of newspapers

    Computer virus disrupts production of newspapers

    Finance

    Tribune Publishing Co. newspapers across the country were also affected, including The Chicago Tribune , Baltimore Sun , Annapolis Capital-Gazette, Hartford Courant , New York Daily News , Orlando Sentinel and Fort Lauderdale Sun- Sentinel .
  • Two North Texas Sears stores to close in March 2019

    Two North Texas Sears stores to close in March 2019

    Finance

    Bankrupt U.S. retailer Sears Holdings Corp.is closing 80 more stores as it teeters on the brink of liquidation. Employees were informed of the closure on Thursday. The iconic American retailer and employer of 68,000 people, founded 125 years ago, is seeking a bidder to buy it out of Chapter 11 bankruptcy by a 4 p.m.
  • Post-holiday, partial government shutdown to gain impact

    Post-holiday, partial government shutdown to gain impact

    Finance

    The federal budget impasse is over President Donald Trump's push for money to build a border wall. What they can't seem to agree on is what it should be spent on. Mulvaney said he was waiting for Schumer's response. Schumer's office has not responded to a request by ABC News for a comment. Funding for about a quarter of all federal programs expired at midnight on Friday, including the departments of Justice, Agriculture and Homeland Security.
  • Oil prices surge as United States equities soar

    Oil prices surge as United States equities soar

    Finance

    United States west crude futures fell $1.07, or 2.35 percent, to reach $44.52 a barrel, up from the lowest level since September 2017 at $44.41 a barrel. Concerned that a new glut could form, OPEC and its allies including Russian Federation decided earlier this month to return to a policy of cutting production in 2019, unwinding a decision taken in June 018 to pump more oil.
  • Pharmacy opening times in Rugby over Christmas 2018 and the New Year

    Pharmacy opening times in Rugby over Christmas 2018 and the New Year

    Finance

    Post Offices - Post offices close early December 24 and remain closed December 25. City hall offices will be open until 2 p.m. on Christmas Eve and then stay closed until January 2 . There will be no waste collection on Christmas Day and service will be delayed one day all week. All of the city's recreation and community centres will be closed on Christmas Day and Boxing Day .
  • Federal Reserve raises rates for the fourth time in 2018

    Federal Reserve raises rates for the fourth time in 2018

    Finance

    The Dow ended down 352 points, or 1.5 percent, to 23,323. The quarter-percentage-point boost in the Fed's benchmark interest rate was widely expected. FedEx's shares, for example, plummeted over 12%, effectively pushing its stock down. It has dropped 35 percent this year. The S&P 500 index skidded 39.54 points, or 1.6 percent, to 2,467.42.
  • Facebook Stocks Fall Amid Data-Sharing Controversy

    Facebook Stocks Fall Amid Data-Sharing Controversy

    Finance

    It is noteworthy that Facebook users are allowed to hide their Friends' list from not only outsiders but also from those on their list. Revelations about Facebook's response to manipulation of the social network before and after the 2016 US presidential election, and shifting accounts about breaches of users' privacy , have battered the company's reputation and fueled frustration on Capitol Hill.
  • California farm linked to E. coli outbreak recalls cauliflower, lettuce

    California farm linked to E. coli outbreak recalls cauliflower, lettuce

    Finance

    Sediment from a reservoir near where the produce was grown tested positive for E. coli O157:H7. The Canadian Food Inspection Agency has announced a recall of certain types of cauliflower and lettuce due to possible E. The affected products were sold from December 3 through December 14. More severe infections can lead to kidney failure and even death. Out of an abundance of caution, Giant Eagle promptly removed the products from its produce department.
  • White House trade advisor vows 'tough' talks with China

    White House trade advisor vows 'tough' talks with China

    Finance

    General Motors sees their shares jump up to more than 4 percent in premarket trading, while both Ford Motor Company and Tesla rise up to 3 percent. On the day of the trade ceasefire, US-China relations took an unexpected turn with the high-profile arrest of Huawei Technologies chief financial officer Sabrina Meng Wanzhou in Canada.
  • Rural Kansans respond to farm bill awaiting president's signature

    Rural Kansans respond to farm bill awaiting president's signature

    Finance

    The House voted 369-47 to agree to a Farm Bill compromise that includes redefining cannabis plants with no more than 0.3% THC. The final bill sailed through the House and Senate on Thursday by unanimous consent. Nevertheless, there will be more money for farmers using advanced conservation practices, such as growing cover crops (reimbursed at 125 percent of the farmer's costs) and resource conserving crop rotations and advanced grazing practices (both at 150 percent of costs).
  • Google, Facebook face greater scrutiny in Australia

    Google, Facebook face greater scrutiny in Australia

    Finance

    The Australian Competition and Consumer Commission (ACCC) voiced on Monday its concern over the extent to which Google and Facebook are collecting user data in order to enable target advertising. Additionally, Sims stated that the inquiry has uncovered concerns that some digital platforms have breached competition or consumer laws, of which the ACCC is now investigating five allegations to determine if enforcement action is needed.
  • US, Western Diplomats See Political Motive Behind OPEC Oil Cut

    US, Western Diplomats See Political Motive Behind OPEC Oil Cut

    Finance

    This is about 3% cut for OPEC and Russian Federation combined. Concerns that oil producers wouldn't reach an agreement to aggressively reduce output had weighed on prices, but US government data revealing the first decline in domestic crude supplies in 11 weeks did offer a brief respite in prices from the session's lows on Thursday and contributed to Friday's early move.
  • RBI says no basis to reports about Acharya quitting as Deputy Governor

    RBI says no basis to reports about Acharya quitting as Deputy Governor

    Finance

    He has been in the Reserve Bank of India for about 6 years as Deputy Governor and Governor. The historic tensions in government-central bank relations were reignited in October when, in a public lecture, RBI Deputy Governor Viral Acharya talked about the independence of the Reserve Bank, arguing that any compromise could be "potentially catastrophic" for the economy.
  • China summons US envoy over exec's detention

    China summons US envoy over exec's detention

    Finance

    The detention was carried out at the request of the US judicial authorities, who claim Huawei violated the sanctions the USA has imposed on Iran . Huawei says it is not aware of any wrong doing of Ms Meng and will follow the bail hearing.
  • Elon Musk has 'no respect' for U.S. regulator

    Elon Musk has 'no respect' for U.S. regulator

    Finance

    Musk: I want to be clear, I do not respect the SEC. Musk made a few other noteworthy comments on 60 Minutes , among them the widely reported statement that he doesn't "respect" the Securities and Exchange Commission. I'm just being me. Musk: Well I guess we might make some mistakes. But Musk said "it's not realistic" to expect Denholm to watch over his actions because he remains the electric auto company's largest shareholder.
  • Shares plunge over Huawei arrest trade war concerns

    Shares plunge over Huawei arrest trade war concerns

    Finance

    Worse still, the continuing negotiations in the US-China trade war have only been set aside in recent days on a temporary basis and this move is likely to be seen by China as extremely inflammatory to the talks. "(Canada) arrested a Chinese citizen (who did not violate) any Canadian or American law", the statement said. If she chooses not to fight, she could be in the United States within weeks, experts said.
  • Huawei CFO arrested in Canada, faces extradition to US

    Huawei CFO arrested in Canada, faces extradition to US

    Finance

    Huawei makes telecom equipment and personal electronics sold worldwide. Huawei's head office was not immediately available for comment by late Wednesday, and its North America spokesman declined to comment on Meng's detention when contacted over the weekend.
  • Soybeans Lead Gains in Agriculture on U.S.-China Trade Truce

    Soybeans Lead Gains in Agriculture on U.S.-China Trade Truce

    Finance

    The editor in chief of The Daily Wire played "Free Market Avenger" to " Tariff Man " on Tuesday after the president's trade-war rhetoric with China shook the stock market . Despite Mnuchin's earlier comments on President Trump leading trade negotiations with China, . "It will always be the best way to max out our economic power".
  • Donald Trump says he'll terminate Nafta

    Donald Trump says he'll terminate Nafta

    Finance

    Sen. Pat Toomey (R-Penn.) has said that he thinks the new deal is a step back from NAFTA , and that before he could support it, it would need to get a "few tweaks that move it in the direction of a more pro-trade agreement". Trump said the new deal was a model agreement that would stop auto jobs from going overseas, protect intellectual property rights and provide robust protections for digital trade and financial services.
  • US, China declare 90-day halt to new tariffs, White House says

    US, China declare 90-day halt to new tariffs, White House says

    Finance

    China also agreed to boost its purchases of agricultural and industrial goods to reduce its trade imbalance with the US, she said. Trump and Xi agreed to "immediately" begin talks on Chinese industrial policies, including coercive licensing of US technology, trade secret theft and non-tariff trade barriers.
  • Trump and Xi poised for high-stakes summit over trade war

    Finance

    The group of 20 accounts for 85% of the world's GDP and two-thirds of its population. The president has also repeatedly said that should a deal not be reached, his administration stands ready to further escalate the USA tariffs imposed on China .
  • Fed: Slower pace of monetary tightening? - Westpac

    Fed: Slower pace of monetary tightening? - Westpac

    Finance

    The spread on euro-dollar interest rates future is negatively correlated with emerging markets as higher interest rates in the United States dim the appeal of risky assets. It is not clear whether the idea of perhaps nudging rates above neutral, as he had earlier suggested, is still on the table, or if it means he expects fewer rate hikes, or even a pause.
  • Russia: Production Cuts Are Needed To Stabilize Oil Markets

    Russia: Production Cuts Are Needed To Stabilize Oil Markets

    Finance

    The price of a barrel of WTI crude oil fell below $ 50, falling to the lowest level since September 2017. Traders remain uncertain about whether the OPEC and non-OPEC producers like Russian Federation will agree to curb output at their Vienna gatherings next week.
  • Apple Stock Drops as Trump Discusses Potential iPhone Tariff

    Apple Stock Drops as Trump Discusses Potential iPhone Tariff

    Finance

    Trump is also set meet with Chinese President Xi Jinping over dinner this weekend, in what may be a pivotal session to determining if and how the ongoing trade dispute between their two countries could be resolved. "I am conservatively optimistic that can be done", he added. China has retaliated but has less room to manoeuvre as the United States buys much more from China than it exports there.
  • Trump Slams GM, Threatens Company

    Trump Slams GM, Threatens Company

    Finance

    I said: 'I heard you're closing your plant. The White House rebuke appears to fly in the face of long-held Republican opposition to picking winners and losers in the marketplace. OH is a critical political battleground in presidential elections. Under that deal, Carrier pledged to keep almost 1,100 jobs in Indianapolis, including some 800 furnace production jobs it planned to cut with outsourcing.
  • GM to slash 14,700 jobs in North America

    GM to slash 14,700 jobs in North America

    Finance

    The Cruze compact vehicle will be discontinued in the USA market in 2019. Rivals Ford Motor Co and Fiat Chrysler Automobiles NV have both curtailed USA auto production. GM is also moving to cut capital spending overall, even as it says it will double the resources dedicated to electric and self-driving vehicles over the next two years.
  • US Government Warns Allies Not to Use Huawei Products

    US Government Warns Allies Not to Use Huawei Products

    Finance

    The battle begun in 2012 when United States policymakers considered both Huawei and ZTE to be threats for National Security. The outreach over Huawei comes as the world shifts to adapt to the US's new confrontational posture against China .
  • Dow falls almost 500 points, dragged down by Target and tech shares

    Dow falls almost 500 points, dragged down by Target and tech shares

    Finance

    The Dow dropped 551 points, and the S&P 500 and the Nasdaq Composite plunged by almost 2 percent, according to reports. It was down as much as 512 earlier. Caterpillar fell 3.1 percent to $125.98 and Nike lost 3 percent to $72.52. Boeing sank to $320.04 and Caterpillar fell 3.1 percent to $125.90. Oil prices rebounded as benchmark US crude gained 2.2 per cent to $54.63 a barrel in NY.