https://d279m997dpfwgl.cloudfront.net/wp/2018/06/AP_740332931736-1000x667.jpg

Markets

The New York Building Congress, a coalition of construction and design groups, said: " Amazon will be a tremendous boost to New York's economy and stimulate countless industries, from technology and innovation to design and construction". The funds, which have to be appropriated by the Virginia General Assembly, are created to decrease slightly in value if more than 10% of the new hires are focused on federal government contracts.
  • Trump expects 'very good' trade deal with China

    Trump expects 'very good' trade deal with China

    Markets

    The president added that he would have a dinner with Xi at the G20 summit, wherein they would be discussing the issue. "As the president said, we would like to talk to them about it, but they may not be ready". "Bilateral tensions over strategic issues such as Taiwan , the South China Sea and the arms race will continue and may be at risk of escalating", he said.
  • GOP Sen. Jeff Flake: Obama's tone 'is better' than Trump's

    GOP Sen. Jeff Flake: Obama's tone 'is better' than Trump's

    Markets

    At one recent rally, Obama said, "We have seen repeated attempts to divide us with rhetoric created to make us angry and make us fearful, that's created to exploit our history of racial and ethnic and religious division". The video also includes scenes of a migrant caravan that is moving toward the USA, but is still hundreds of miles away from the border. It also includes scenes of a migrant caravan moving toward the USA, warning ominously, "Who else would Democrats let in?" and suggesting ...
  • Donald Trump defends anti-immigrant video that blames Democrats

    Donald Trump defends anti-immigrant video that blames Democrats

    Markets

    The 53-second video released Wednesday evening remains pinned to the top of the president's popular Twitter feed. And the video claimed "Democrats let him into our country" and "Democrats let him say". And Rep. Carlos Curbelo, R-Fla., seeking re-election in a Democratic-leaning South Florida district, said he'd not seen the video but criticized Trump's use of it.
  • North American stocks end lower despite promising start to the trading day

    North American stocks end lower despite promising start to the trading day

    Markets

    For most of this year, investors have remained hopeful that the United States and China would work out their disagreements on trade policy and that numerous tariffs would be reduced or eliminated. Other members of the so-called FAANG group also sold off. Apple shed 1.9 percent while Facebook gave up 2.3 percent. The Stoxx Europe 600 Index surged 1.3 percent to the highest in a week.
  • Govt Sends Letters to RBI Invoking Section 7 of RBI Act

    Govt Sends Letters to RBI Invoking Section 7 of RBI Act

    Markets

    What's interesting is that the following Section of the RBI Act has never been used by any government post the independence of India. Facing criticism for invoking a hitherto unused section to issue instructions to the RBI, the government on Wednesday said that it respected the autonomy of the central bank but within the framework of the RBI Act.
  • Markets Right Now: Asian shares fall after rout on Wall St

    Markets Right Now: Asian shares fall after rout on Wall St

    Markets

    The growing global pressure on Saudi Arabia over the death of journalist Jamal Khashoggi also weighed on investor sentiment. On Wednesday, data showed sales of new USA single-family homes fell to a near two-year low in September, the latest sign that rising mortgage rates and higher prices were hurting demand for housing.
  • Amazon's Prime Day boost couldn't save it from disappointing sales

    Amazon's Prime Day boost couldn't save it from disappointing sales

    Markets

    Analysts watch Amazon's revenue growth more closely than any other indicator of the company's future health. But it had some mildly disappointing news for Wall Street today. The Waymo operation in Phoenix is in the early stages of testing pricing, Alphabet Chief Financial Officer Ruth Porat said on a conference call on Thursday, noting that some employers were sponsoring workers' rides.
  • China and Russian Federation are reportedly eavesdropping on Trump's phone calls

    China and Russian Federation are reportedly eavesdropping on Trump's phone calls

    Markets

    President Donald Trump's aides have repeatedly warned him that calls made on his iPhones are not secure as Chinese and Russian spies routinely eavesdrop, the New York Times reported . Trump, but out of frustration with what they considered the president's casual approach to electronic security". On Thursday, the morning after the report came out, President Trump denied the accusation that he uses his personal, unsecured iPhone .
  • Son of murdered journalist Khashoggi leaves Saudi Arabia for US

    Son of murdered journalist Khashoggi leaves Saudi Arabia for US

    Markets

    Before this, Jamal's son had allegedly been banned from leaving Saudi Arabia . A handout picture provided by the Saudi Press Agency (SPA) on October 23, 2018 shows Saudi Crown Prince Mohammed bin Salman meeting with family members of slain journalist Jamal Khashoggi in Riyadh.
  • Mega Millions jackpot hits $1.6bn, thanks to worsening odds

    Mega Millions jackpot hits $1.6bn, thanks to worsening odds

    Markets

    Monday, according to Assistant Manager Shannon Thompson. Tonight's Mega Millions drawing will be at 11 p.m. What's my payout if I win? Many customers are playing Mega Millions due to the the game's record $1.6 billion jackpot. "Like today ... every single sale I've had has literally had a Mega Millions ticket attached to it". He was buying a ticket with Eliseo Garcia of DePue after they had just cast their early votes at Spring Valley City Hall.
  • Khashoggi's death leads to several no-shows at Saudi financial conference

    Khashoggi's death leads to several no-shows at Saudi financial conference

    Markets

    Somebody really messed up. Erdogan , who has his own history of targeting dissidents, demanded that the 18 suspects that Saudi Arabia has said it is holding be tried in Istanbul . "Neither the president nor I am happy with this situation". Central Intelligence Agency director Gina Haspel has been sent to Turkey to review the matter.
  • United Kingdom keeping ties to Saudi despite journalist Khashoggi’s assassination and opposition pressure

    United Kingdom keeping ties to Saudi despite journalist Khashoggi’s assassination and opposition pressure

    Markets

    Saudi Arabia's King Salman bin Abdulaziz Al Saud has expressed his condolences to the family and relatives of Mr Jamal Khashoggi , according to a report carried by state-owned Saudi Press Agency. The newspaper says the calls went to the head of the crown prince's office, as well as a number in the United States. Britain joined forces with France and Germany yesterday with a joint statement condemning the killing of journalists as unacceptable.
  • Turkish employees of Saudi consulate give statements in Khashoggi probe

    Turkish employees of Saudi consulate give statements in Khashoggi probe

    Markets

    She said: "I agree with all those who say when it comes to our already limited arms exports to Saudi Arabia , that they can not take place in the current situation". The deal "will allow us to intervene to rebalance the market in any appropriate time from January onward", he said. Oliver Sprague, Amnesty International UK's arms expert, said: "By backing continued arms sales to Saudi Arabia, Dominic Raab is wilfully ignoring the risk of these weapons fuelling further human rights violations ...
  • Sales are brisk as Mega Millions jackpot hits $1.6 billion

    Sales are brisk as Mega Millions jackpot hits $1.6 billion

    Markets

    That means the top prize has now risen to an estimated $1.6 billion. McIntyre noted one Bay Stater asked about New Hampshire's lack of a state income tax as somehow a factor in their ticket strategy. The $1.6 billion estimated jackpot would be the largest prize in USA history. That's right. Mega Millions " entered historic territory " Saturday after officials confirmed there were no winners for Friday's drawing.
  • Mexico deploys hundreds of riot police as migrants near

    Mexico deploys hundreds of riot police as migrants near

    Markets

    Thousands of Central Americans moving north refused to be denied by a fence, where Guatemala meets Mexico. Earlier Friday, a New York Times reporter challenged Trump's assertion that migrants in the caravan were criminals. The nearest border is about 110 miles (177 km) away. "Well, we're looking at a lot of things", he said. Arriving on the Mexican side of a border bridge, they were met by a phalanx of police with riot shields.
  • Mega Millions jackpot grows to $970 million

    Mega Millions jackpot grows to $970 million

    Markets

    Millions have lined up across the country for their chance to strike it rich in Friday night's historic $ 970 million Mega Millions jackpot . Mega Millions has existed in some form since 1996. But when it gets close to $1 billion, even he can't resist, knowing he just bought the winning ticket. There are smaller prizes, from $4 up to $1 million, for matching some, but not all, numbers.
  • Fox Business Pulls Out of Saudi Conference, Citing Khashoggi Controversy

    Fox Business Pulls Out of Saudi Conference, Citing Khashoggi Controversy

    Markets

    Trump, who has forged closer ties with Saudi Arabia and the 33-year-old Crown Prince Mohammed bin Salman, acknowledged for the first time on Thursday that Khashoggi , a U.S. Khashoggi has not been seen since he entered the Saudi consult in Istanbul more than two weeks ago and is feared dead. The Saudis have dismissed those reports as baseless but have yet to explain what happened to Khashoggi, a contributing columnist for The Washington Post who wrote critically of Prince ...
  • Oil prices rise towards $85 on surprise drawdown in United States crude stockpiles

    Oil prices rise towards $85 on surprise drawdown in United States crude stockpiles

    Markets

    USA crude inventories fell by 2.1 million barrels last week, compared with analyst expectations for a build of 2. 2 million barrels, American Petroleum Institute data showed after Tuesday's settlement. Meanwhile, President Donald Trump and his top diplomat cautioned against putting the entire U.S. -Saudi relationship at risk over dissident writer Jamal Khashoggi .
  • Saudi Threatens To Hit Back Against Sanctions Over Khashoggi Case

    Saudi Threatens To Hit Back Against Sanctions Over Khashoggi Case

    Markets

    Already, worldwide business leaders are pulling out of the kingdom's upcoming investment forum, a high-profile event known as "Davos in the Desert", and the sell-off on Riyadh's Tadawul stock exchange showed that investors are uneasy. The Saudi Embassy in Washington later tweeted what it called a clarification, thanking countries including the United States "for refraining from jumping to conclusions" over the case.
  • Mega Millions jackpot jumps to $667 MILLION

    Mega Millions jackpot jumps to $667 MILLION

    Markets

    And Friday's Mega Millions wasn't a complete bust. The next Powerball drawing will be held Wednesday at 10:59 p.m. ET and tickets also must be purchased by 10:00 p.m. Wednesday night's Powerball drawing will be the 19th since the jackpot was last hit August 11, when a $245.6 million jackpot was won on a ticket sold in NY.
  • Saudis reject threats as stocks plunge after Trump comments

    Saudis reject threats as stocks plunge after Trump comments

    Markets

    As if to drive the point home, a cleaning crew with mops, trash bags and cartons of milk walked in past journalists waiting outside the consulate on Monday. The Saudi foreign ministry said Mr Salman affirmed his country's "solid" relations with Turkey in the phone call with Mr Erdogan. Saudi Arabia has responded to Western statements by saying it would retaliate against any pressure or economic sanctions "with greater action", and Arab allies rallied to support it, setting up a potential ...
  • Mega Millions jackpost climbs to $654M

    Mega Millions jackpost climbs to $654M

    Markets

    The Powerball jackpot, too, climbed after no one matched all six numbers Wednesday night, but three lucky winners matched the first five numbers for a cool $1 million. Four tickets matched five white balls in Tuesday's drawing. Mega Millions is played in 44 states as well as Washington, D.C., and the U.S. Virgin Islands.
  • Asian markets close lower amid IMF’s global growth forecast downgrade

    Asian markets close lower amid IMF’s global growth forecast downgrade

    Markets

    When the world's two biggest economies - the U.S. and China - are "at odds", that is going to create "a situation where everyone is going to suffer", Obstfeld said. On the other hand, the International Monetary Fund increased growth projections for the United States from 2.2 to 2.9 per cent. The US simultaneously threatened to add tariffs to a further $267 billion (£205 billion) of products, which saw China retaliate with 10 percent tariffs on $60 billion (£46 billion) of US imports.
  • UK Govt brushes off Brexit threat by N. Irish allies

    UK Govt brushes off Brexit threat by N. Irish allies

    Markets

    May gathered selected members of her cabinet late Thursday to update them on the Brexit talks, and the Financial Times reported that she told them that a deal was drawing closer. He said it could result in three scenarios: going back to Brussels to renegotiate, holding a general election, and a referendum. The 27 states remaining in the bloc hope to announce "decisive progress" in divorce talks at an European Union summit next week and then finalise their offer of close future ties with ...
  • 5 things to watch for in Friday's monthly United States jobs report

    5 things to watch for in Friday's monthly United States jobs report

    Markets

    The Commerce Department also said August orders for non-defense capital goods excluding aircraft, which are seen as a measure of business spending plans, fell 0.9 percent instead of declining 0.5 percent as reported last month. So far this year, monthly job growth has averaged 208,000, compared with 182,000 last year. Some economists believed Hurricane Florence also may have dampened payroll gains last month.
  • Tesla's Musk appears to mock US SEC on Twitter after settlement

    Tesla's Musk appears to mock US SEC on Twitter after settlement

    Markets

    Musk is believed to have experienced a change of heart after seeing Tesla's stock plunge the following morning. The tweet came five days after Musk settled SEC charges that he misled investors in tweets on August 7, including that there was " funding secured " to take his Palo Alto, California-based company private at $420 per share.
  • Rupee falls below 74 against dollar as RBI keeps repo rate unchanged

    Rupee falls below 74 against dollar as RBI keeps repo rate unchanged

    Markets

    India's inflation rate was 3.69 per cent in August and is expected to go above the RBI's projected 5 per cent by June 2019 on higher fuel prices, the weak rupee and strong consumer spending. "On the basis of an assessment of the current and evolving macroeconomic situation at its meeting today, the Monetary Policy Committee (MPC) made a decision to keep the policy repo rate under the liquidity adjustment facility (LAF) unchanged at 6.5 per cent", RBI said in a statement on Friday.
  • Saudi Aramco to boost oil capacity by 550,000bpd in Q4

    Saudi Aramco to boost oil capacity by 550,000bpd in Q4

    Markets

    US West Texas Intermediate (WTI) crude futures were flat at $75.20 a barrel, having hit a four-year high of $75.91 earlier in the session. WTI has risen around 18 percent since mid-August. Trump has been increasing pressure on OPEC, saying it's pushing oil prices too high. Oil in London extended gains after the longest quarterly rally in a decade as a slowdown in American drilling added to supply risks while the USA and Saudi Arabia discussed market stability.
  • Amazon raises starting wage for its workers to $15 an hour

    Markets

    Amazon, with more than 575,000 employees globally, took it a step further Tuesday, saying that it would become an advocate for better pay everywhere. Not to mention the company fought Seattle's Head Tax , that would have seen its tax liability increase, albeit slightly, to offset issues around affordable housing.
  • Tesla stock soars as Musk taunts the SEC with a tweet

    Tesla stock soars as Musk taunts the SEC with a tweet

    Markets

    Musk's tweet about taking his company private, along with attacks on critics on social media, raised concerns with investors about whether Musk has become too focused on criticism from so-called short-sellers who had been making bets against him and Tesla .
  • Tesla Shares Soar After Elon Musk's SEC Settlement

    Tesla Shares Soar After Elon Musk's SEC Settlement

    Markets

    Elon Musk is confident that Tesla Inc. Musk, whose tweets on August 7 on a plan to take Tesla private that was later abandoned, has tweeted only once since the settlement was announced - posting a music video by rap group Naughty by Nature.
  • Ripple Expat Jed McCaleb Ramps up Cryptocurrency Sell-Off as XRP Rallies

    Ripple Expat Jed McCaleb Ramps up Cryptocurrency Sell-Off as XRP Rallies

    Markets

    In an interview with Coindesk , Ripple's Senior Vice President Asheesh Birla noted that PNC has already conducted its pilot phase and proof-of-concept, and the bank will begin using xCurrent immediately in a production environment. The value of XRP is still in a major upward trend. Ripple Labs Inc . could launch a service that will use its native currency "in the next month or so", one of its executives told CNBC on Monday.
  • Instagram CEO Kevin Systrom, CTO Mike Krieger quit

    Instagram CEO Kevin Systrom, CTO Mike Krieger quit

    Markets

    That doesn't have to be a bad thing, even for users who prefer Instagram to Facebook . Just before going public Facebook bought Instagram in 2012 for $1bn - considered an eye-watering sum that year - for a less than two-year old startup with no revenue but 31 million mobile users.
  • Trump demands OPEC lower oil prices: 'We will remember'

    Trump demands OPEC lower oil prices: 'We will remember'

    Markets

    According to the U.S. Energy Information Administration , U.S. crude oil supplies fell for a fifth straight week to a 3.5 year low in the week-ending September 14, while gasoline inventories also drew down sharply last week on unseasonally strong demand.
  • The Latest News and Data About Ethanol Production

    The Latest News and Data About Ethanol Production

    Markets

    Oil prices slipped during Thursday's Asian session, undoing some of the gains made during Wednesday's NY trading session. Brent for November settlement rose 38 cents to US$79.44 on the ICE Futures Europe exchange after a 2.2% advance on Tuesday.
  • Coca-Cola could be looking to make cannabis-infused beverages

    Coca-Cola could be looking to make cannabis-infused beverages

    Markets

    Coca-Cola has been eyeing cannabis-infused drinks, according to a statement. Would you down a cannabis-infused Coke ? Another company, Constellation Brands (which makes Corona beer and Svedka vodka) announced in August it is investing $4 billion in Canadian cannabis company Canopy Growth.
  • Chinese goods on U.S. radar, India braces for shockwave

    Chinese goods on U.S. radar, India braces for shockwave

    Markets

    The Trump administration will begin taxing $ 200 billion in Chinese goods starting Monday. The tariffs will start at 10 percent, beginning Monday of next week, and then rise to 25 percent on January 1. Turkey has in turn hiked tariffs on imports of several U.S. products such as rice, alcohol, leaf tobacco, cosmetics and cars. Trump already has imposed 25 percent tariffs on $50 billion in Chinese goods.