• Asia's weakening economies, record supply threaten to create oil glut
Asia's weakening economies, record supply threaten to create oil glut

Trump further dampened the effects of OPEC's verbal interventions in his tweet urging Saudi Arabia to keep pumping crude. President Vladimir Putin said he discussed the price of oil with US counterpart Donald Trump when they met in Paris briefly on Sunday, adding that Russian Federation is happy with current prices.

Read more

  • Photo of new House members shows big gap in diversity between parties
Photo of new House members shows big gap in diversity between parties

Kevin McCarthy was elected House minority leader Wednesday in a closed-door meeting of House Republicans , putting the California Republican in position to lead House GOP members after Speaker Paul Ryan leaves Capitol Hill at the end of his term in January.

Read more

  • Virginia Tech helped convince Amazon to bring thousands of jobs to Virginia
Virginia Tech helped convince Amazon to bring thousands of jobs to Virginia

It said on Tuesday it will receive performance-based direct incentives of US$1.525 billion from the state of NY, based on the company creating 25,000 jobs in Long Island City . The choice of its new office sites follows Amazon's September announcement that it would raise its minimum wage for warehouse workers to $15 (U.S.) an hour.

Read more

  • Saudi to cut oil exports by 500,000 barrels per day in December
Saudi to cut oil exports by 500,000 barrels per day in December

Major oil producers said Sunday that crude supply next year would outstrip demand, calling for new strategies based on production adjustments. "I think the consensus among all members is that we need to do whatever it takes to balance the markets and if that means trimming supply by a million bpd, we will do it", Khalid Al Falih told a minister...

Read more

  • Tesla Names New Chair As Elon Musk Steps Down
Tesla Names New Chair As Elon Musk Steps Down

Making Denholm a full-time chair also creates governance problems because she could become a Tesla executive, blurring her role as an independent check on management, Elson said . Again, Tesla said that Musk is not Fact Checking , but if he is, it seems the two could grow to be good friends due to their strikingly similar internet personas.

Read more

  • Alibaba's Jack Ma calls trade war 'stupidest thing in the world'
Alibaba's Jack Ma calls trade war 'stupidest thing in the world'

The e-tail tycoon, who had previously announced his intention to retire in a year's time to focus attention on philanthropy, said China's plans to reinvent itself as an importing nation would trigger resistance from vested interests. Ma has ascribed his failure to provide 1 Million new US Jobs to the trade conflict. According to him, it's the o...

Read more

  • Net Neutrality Ruling Rejected By The US Supreme Court
Net Neutrality Ruling Rejected By The US Supreme Court

The appeals, filed more than a year ago, lost most of their practical significance in June, when a new Federal Communications Commission order took effect and abolished the net neutrality rule. United States Telecom Association (USTelecom ) president and CEO Jonathan Spalter, echoed that the SCOTUS's vote was expected, as the FCC's more recent Res...

Read more

  • Oil prices drop over 1 percent on Iran sanctions waivers
Oil prices drop over 1 percent on Iran sanctions waivers

U.S. Secretary of State Mike Pompeo has warned that the United States will exert "relentless" pressure on Iran unless it behaves "like a normal country."Pompeo made the comments on November 5, hours after Washington imposed sanctions targeting key sectors of Iran's economy following President Donald Trump's decision to withdraw the United States ...

Read more

  • Amazon drops $25 free shipping minimum for holidays
Amazon drops $25 free shipping minimum for holidays

Shoppers who aren't Prime members will get slower shipping, which can take five to eight days. Beginning today, Amazon is offering free shipping without a minimum purchase amount requirement to all United States customers. But you can enjoy the freedom of placing smaller orders without having to worry about an extra shipping fee. The Nati...

Read more

  • Apple shares fall on lacklustre expectations for holiday sales
Apple shares fall on lacklustre expectations for holiday sales

Analysts were looking for US$92.7 billion, according to data compiled by Bloomberg . Cook said that Apple has had productive discussions with the Indian government on the issue of setting up stores in the country. Sales figures are a stable metric by which to measure the health of a company, and by concealing this information Apple is suggesting...

Read more

  • United States records strong jobs gains in October
United States records strong jobs gains in October

Unemployment at 3.7%. Wages UP!" he wrote on Twitter , telling reporters later in the day: "We had tremendous job numbers today. All eyes were on the United States jobs report before the open, which showed hiring picked up more than expected in October.

Read more

  • Oil prices drop as rising supplies meets global economic gloom
Oil prices drop as rising supplies meets global economic gloom

WTI gained 0.39 USA dollar to settle at 66.82 dollars a barrel, while Brent further decreased 0.27 dollar to 76.17 dollars per barrel. USA production hit an all-time high of 11.3 Mmbpd in August, according to the Energy Information Administration's first reading of monthly data released Thursday.

Read more

  • Xi meets Pakistani prime minister
Xi meets Pakistani prime minister

He is also scheduled to meet Premier Li Keqiang, president of the Asian Infrastructure Investment Bank, Jin Liqun, and Minister for International Department of the Central Committee Communist Party of China Song Tao. "It is easy to catch low-level criminals but it is much more challenging to expose white-collar crime which actually devastates a c...

Read more

  • Get a free Google Home Mini from Spotify for your family account
Get a free Google Home Mini from Spotify for your family account

Spotify is handing out free Google Home Mini units, redeemable starting November 1. So, if you are on the fence about Spotify or are an existing customer, hit the link below and get your free Google Home Mini! There's sure to be more information available at spotify.com/us/family/ once the promotion actually starts.

Read more

  • India ranks 1st among South Asian countries in Ease of Doing Business
India ranks 1st among South Asian countries in Ease of Doing Business

Turkey ranked 43rd in the World Bank's Ease of Doing Business list for 2019, climbing 17 places compared to the previous year. The Turkish government implemented seven reforms making it easier to do business, only one short of Azerbaijan's eight - a record number globally and among the 10 top improvers, the report said.

Read more

  • China Trade War Not Ending Soon
China Trade War Not Ending Soon

The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods. The kiwi has been battered by the US-China trade tensions as China is New Zealand's largest trading partner. The cause of the conflict was the desire of Donald trump to reduce t...

Read more

  • German SPD leader gives Merkel an ultimatum after state vote losses
German SPD leader gives Merkel an ultimatum after state vote losses

That will start with her handing off the party leadership to a successor at a party congress in December. According to "multiple media reports", Merkel announced her intention to retire as the chief of the CDU. Two prominent candidates immediately threw their hats in the ring: Annegret Kramp-Karrenbauer, 56, the party's general secretary, who is ...

Read more

  • India Placed Oil Orders with Iran for November
India Placed Oil Orders with Iran for November

Touching upon the importance of oil market stability for the USA, senior energy expert Omid Shokri says it is not easy to drive Iran's oil export to zero in short term. A committee of crude producers including Russian Federation and Saudi Arabia highlighted on Thursday the need to prepare "options" for how much oil they should pump next year to...

Read more

  • IBM to acquire software company Red Hat for $34 billion
IBM to acquire software company Red Hat for $34 billion

Buying Red Hat to give it management tools across multiple IaaS clouds, and probably an easier route to market for its software delivered as SaaS, therefore means a chance to turn IaaS weakness towards IBM's strengths. Paul Cormier, Red Hat's executive vice president and president of products and technologies, hailed the move. Red Hat has over 12...

Read more

  • Stocks recover in European trading; Wall Street seen rising
Stocks recover in European trading; Wall Street seen rising

US stocks plunged on Friday as grim earnings reports from Amazon and Alphabet rekindled a rush to dump technology and high-growth stocks, but data showing economic growth in the last quarter slowed less than expected provided some relief.

Read more

  • This is how much billionaires' wealth has increased by
This is how much billionaires' wealth has increased by

The rise in collective wealth was powered by growth in China. The report said China was now the leading country for entrepreneurs to create wealth. "We expect the bull market to continue, but we need to pay close attention to global dynamics that could pose disruptions in coming months, such as further rate hikes.and trade disruptions", he ad...

Read more

  • Patient gets in hospital lottery pool and wins $1 million
Patient gets in hospital lottery pool and wins $1 million

The hospital shared a picture of the winning ticket on Facebook. A hospital worker heard the news and invited him to join an employee pool. States receive a percentage of lottery ticket sales and use the money to support public schools or to meet other needs.

Read more

  • After 'historic' quarter, Tesla looks to Europe, China
After 'historic' quarter, Tesla looks to Europe, China

The Wall Street Journal reported Friday that the Federal Bureau of Investigation is "examining whether Tesla misstated information about production of its Model 3 sedans and misled investors". The aim is to shift up to a million cars a year outside the US. It is the first time Tesla has posted a quarterly profit since 2016 - and just the third...

Read more

  • Central Intelligence Agency chief briefs Trump on Khashoggi probe after Turkey trip
Central Intelligence Agency chief briefs Trump on Khashoggi probe after Turkey trip

Is Crown Prince Mohammed bin Salman [MbS] a "Toadeater"? Officials and the crown prince's supporters said the suspects tried to cover up their crime and provided the leadership with misleading accounts of the murder. Two informed sources told Reuters today that Central Intelligence Agency director Gina Haspel heard an audio recording of the kil...

Read more

  • Oil falls after Saudi Arabia reassures market on supply
Oil falls after Saudi Arabia reassures market on supply

Falih added that the Saudis would soon raise output to 11 million barrels per day (bpd) from the current 10.7 million, and that it was possible to increase further to 12 million bpd. In relevant remarks earlier this month, Iranian Foreign Ministry Spokesman Bahram Qassemi said the country has launched talks with other nations and already formul...

Read more

  • Donald Trump uses Obama clip to troll Democrats on illegal immigration
Donald Trump uses Obama clip to troll Democrats on illegal immigration

Democratic Rep. Jacky Rosen is challenging Republican incumbent Dean Heller, the only Republican senator up for re-election in a state that Hillary Clinton won in 2016. In his speech, Obama defended his presidency and fought against Republican policies and partisan division. Obama continued, riling into the Republican-backed tax cut that was pass...

Read more

  • Convenience store will get $50K for selling winning Mega Millions ticket
Convenience store will get $50K for selling winning Mega Millions ticket

The four Florida tickets all matched the five winning numbers. On Wednesday morning, it was announced that a ticket sold in SC won the jackpot of $1.537 billion. The victor can take $913m in a lump sum cash payment or the whole pile in annuities over 29 years. Simpsonville, South Carolina, is having a moment.

Read more

  • Saudi Crown Prince says jokingly: Don't say Lebanon's PM Hariri is kidnapped
Saudi Crown Prince says jokingly: Don't say Lebanon's PM Hariri is kidnapped

The Associated Press, citing Turkish officials, has reported that a 15-man Saudi team tortured, killed and dismembered Khashoggi, while Saudi Arabia says he died in a "fistfight". Turkish president Recep Tayyip Erdogan has said Turkey has strong evidence the journalist was killed in a premeditated and "savage" murder and has called for the suspects...

Read more

  • $1.6 billion Mega Millions jackpot up for grabs tonight
$1.6 billion Mega Millions jackpot up for grabs tonight

For those with an worldwide bent, the current Mega Millions jackpot has surpassed all lottery jackpot records - so it's not only the largest lottery prize in USA history, it's now the world's largest. Tuesday night's Mega Millions estimated grand prize has hit a staggering $1.6 billion, continuing a trend of giant jackpots . After ...

Read more

  • Oil is taking a beating today, shedding more than $3
Oil is taking a beating today, shedding more than $3

The kingdom, which produces more than a tenth of global supplies, had vowed on Monday not to withhold its output as a political weapon amid the worldwide backlash over the murder of journalist Jamal Khashoggi . Additionally, U.S. Treasury Secretary Steve Mnuchin, visiting Israel this week, said on Sunday that it will be hard for countries to recei...

Read more

  • No Winner Announced for Mega Millions; Jackpot is Now $1.6 Billion
No Winner Announced for Mega Millions; Jackpot is Now $1.6 Billion

The new jackpot set another record as the highest Mega Millions prize ever, and got even closer to the highest lottery prize ever, $1.6 billion . What were the Mega Millions winning numbers? In the middle of the 20th century, when lotteries first started in the US, they were sold to states as a way to benefit the American public .

Read more

  • Italy defends budget as European Union warns of unprecedented rules breach
Italy defends budget as European Union warns of unprecedented rules breach

But he has warned that Italy's populist coalition government was "not scared" of using its veto powers in the European Union as a "last resort" to push the bloc into lifting sanctions against Russian Federation. "We are writing to consult you on the reasons why Italy plans an obvious significant deviation of the recommendations adopted by the Counc...

Read more

  • Amnesty urges United Nations investigation, independent autopsy in Khashoggi death
Amnesty urges United Nations investigation, independent autopsy in Khashoggi death

Turkish prosecutors have summoned more witnesses to testify as part of the investigation into the death of journalist Jamal Khashoggi , local television reported Sunday. A spokesman said: "We share the widespread worldwide concern following the disappearance of Jamal Khashoggi , and in light of those concerns SDI will not be proceeding with thi...

Read more

  • Trump, Mexico move to stop 2K Honduran migrants
Trump, Mexico move to stop 2K Honduran migrants

A number say they hope to reach the United States, where it's thought they could reach the border in the next few weeks. Mexico's president, Enrique Peña Nieto, is also hosting emergency talks with the U.S. Ingraham said President Trump "finally" wants to tackle the problem instead of passing it to the next president, as Barack Obama . ...

Read more

  • Powerball jackpot grows to $345M after no one wins Saturday prize
Powerball jackpot grows to $345M after no one wins Saturday prize

The jackpot surpassed the former record-holding $656 million jackpot. The largest, which was worth just $2 million more , was drawn back in 2012. Mega Millions is available in 44 states, plus the District of Columbia and the U.S. Virgin Islands. You only have a one-in-259 million chance of winning.

Read more

  • Mega Millions jackpot inches closer to $1 billion
Mega Millions jackpot inches closer to $1 billion

This week's Tuesday Mega Millions drawing had an estimated jackpot of $667 million, which would have been the game's biggest grand prize in history. "Since these changes, three of the six largest Mega Millions jackpots have been paid out", he says. And if you have noticed a run of eye-popping jackpots from Mega Millions and the similarly design...

Read more

  • Trump denies covering for Saudis as 'Khashoggi death audio' handed to US
Trump denies covering for Saudis as 'Khashoggi death audio' handed to US

In a sorrowful note atop the column , Khashoggi's editor explained why the Post chose to publish the column Wednesday, almost three weeks after his disappearance. "As a result, Arab governments have been given free rein to continue silencing the media at an increasing rate", he wrote. In the column he talks about the importance of a free press...

Read more

  • Mega Millions Results for $667M Jackpot
Mega Millions Results for $667M Jackpot

This is the second-largest jackpot in United States history. In January 2016, the Powerball jackpot hit almost $1.6 billion, making it the biggest Powerball jackpot in history, as well as the highest lottery grand prize in the US ever.

Read more

  • Saudis Preparing to Admit Journalist Killed By Mistake During Interrogation
Saudis Preparing to Admit Journalist Killed By Mistake During Interrogation

On that same day, 15 Saudis, including several officials, arrived in Istanbul on two planes and visited the building while Khashoggi was still inside, Turkish police sources said . Mr. Trump said, "so far it's just the rumor of a report coming out". CNBC reported that Mastercard CEO Ajay Banga would not attend either. The organizer ins...

Read more

  • Man United not for sale despite link to Saudi Arabia royal family
Man United not for sale despite link to Saudi Arabia royal family

Turkey's investigation into the disappearance of Khashoggi has reportedly revealed recordings made on his Apple Watch, which synced with his iPhone being carried outside the consulate by Khashoggi's fiancée. But concern over the disappearance has seen media organisations and a growing number of attendees pull out of a "Davos in the Desert" inve...

Read more

  • Moline Kmart will close as part of Sears bankruptcy
Moline Kmart will close as part of Sears bankruptcy

Of all the remaining big-box department stores at that time, both Sears and Montgomery Ward should have been able to exploit online sales with a solid catalog-buying customer base. The company had a $134-million (about Rs 992 crore) payment due on Monday. "Most of the company is gone", Dietderich said. Sears Holdings, which owns Sears and Kmart...

Read more

  • Turkish and Saudi Leaders Discuss Khashoggi Disappearance
Turkish and Saudi Leaders Discuss Khashoggi Disappearance

The trilateral message had been conveyed "directly to the Saudi authorities", said the statement signed by Britain's foreign minister Jeremy Hunt, his French counterpart Jean-Yves Le Drian and Germany's Heiko Maas. USA officials say they are seeking answers from the Saudi government and are not yet accepting the Turkish government's conclusions...

Read more

  • International Monetary Fund to launch financial assistance talks with Pakistan
International Monetary Fund to launch financial assistance talks with Pakistan

The IMF expects a 2.9 percent growth outlook on the USA economy, but thinks growth will shrink to 2.5 percent for 2019, attributing to the slowdown to the country's escalating trade war with China . Trump has justified the higher USA tariffs as a response to the trade imbalance between the two countries, and China has swiftly responded with hi...

Read more

  • U.S. stocks end again with deep losses, Dow down 2.1%
U.S. stocks end again with deep losses, Dow down 2.1%

The Standard & Poor's 500 index fell 94 points, or 3.3%, to 2,785 on Wednesday, its biggest one-day loss since February 8. US consumer prices rose less than analysts had forecast in September, reducing expectations the pace of inflation is accelerating despite a tightening labor market.

Read more

  • Trump reluctant to halt arms sales to Saudis over alleged assassination
Trump reluctant to halt arms sales to Saudis over alleged assassination

In Turkey on Thursday, a spokesman for President Erdogan told the state-run Anadolu Agency that Turkey and Saudi Arabia would form a "joint working group" to look into the journalist's disappearance. investigators were operating inside Turkey. The Washington Post reported on Tuesday that USA intelligence had intercepted the communications of...

Read more

  • Michael Could Become Cat 2 Hurricane Before It Hits Florida
Michael Could Become Cat 2 Hurricane Before It Hits Florida

Florida's Gov. Rick Scott issued a state of emergency late Sunday in advance of Hurricane Michael for the counties in the Florida Panhandle and Big Bend region. "It would be a tropical storm for us", Saavedra said. Hurricane Michael was 30 miles northwest of the western tip of Cuba shortly before 5 p.m.

Read more

  • Unemployment Rate Drops to 3.7%
Unemployment Rate Drops to 3.7%

The employment rate in the leisure and hospitality fields showed little change in September, a contrast from the modest upward trend that had been in place before last month, the Labor Department said. Friday's jobs report likely will keep the Federal Reserve on track to raise short-term interest rates, economists said, with another rate increa...

Read more

  • Canada relieved trade deal done, won't forget Trump attacks
Canada relieved trade deal done, won't forget Trump attacks

Ahead of the midnight deadline set by the White House, The New York Times reports that President Trump approved changes that essentially revamp the 1993 NAFTA deal , bringing Canada on board after Mexico had already agreed in August. NDP Leader Jagmeet Singh said Canadians will end up paying more for things like milk and pharmaceuticals under th...

Read more

  • Tesla's Musk mocks US agency just days after settling with it
Tesla's Musk mocks US agency just days after settling with it

Musk and Tesla each agreed to pay separate $20 million fines to settle allegations that Musk misled investors in early August by tweeting that he had already secured funding to take Tesla private . In addition, Musk will step down as Tesla's Chairman and will not seek re-election for at least three years. Hedge fund manager David Ei...

Read more

  • Toyota Recalls More Than 2 Million Vehicles Over Hybrid-System Fault
Toyota Recalls More Than 2 Million Vehicles Over Hybrid-System Fault

See the chart below. The recall applies to 1.25 million vehicles in Japan, 807,000 in the USA, 290,000 in Europe and 3,000 in China, with the rest across the globe. The recall is meant to address situations in which the failure of a specific component, coupled with hard acceleration, could cause the vehicle to lose power rather than enter a fails...

Read more