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Markets

Loud criticism mounted quickly after the deal was announced , including from Ocasio-Cortez. "I was ready to work for those changes". "Amen", Nixon responded back to Teachout. Alexandria Ocasio-Cortez to Congress. Amazon had planned to spend $5bn on the two new developments and expected to get almost $3bn in tax credits and incentives, with plans to apply for more.
  • Asian currencies mount strong gains after Fed's dovish outlook

    Asian currencies mount strong gains after Fed's dovish outlook

    Markets

    The dollar is widely expected to weaken this year as the Federal Reserve turns more cautious about rate increases. The Fed also indicated it's willing to adjust the size of its balance-sheet runoff, and perhaps end it altogether, amid Wall Street worries that it contributed to the huge stock-market selloff in December.
  • Niti Aayog clarifies on jobs report

    Niti Aayog clarifies on jobs report

    Markets

    The NITI Aayog said the government needed more quarterly data to publish a "comparable" jobs report. The Niti Aayog's clarification came a day after a Busines Standard report, based on the government survey , suggested that unemployment in the country was at a 45-year-high during 2017-18.
  • Xi meeting next month? Officials on both sides in talks

    Xi meeting next month? Officials on both sides in talks

    Markets

    But analysts doubt that the world's two biggest economies can reach any comprehensive deal over the next month. The president's top economic adviser, Larry Kudlow, said that the talks with Liu He will determine whether a deal can be made by the end of the 90-day detente that Trump and China's Xi Jinping agreed on at the end of the G20 summit.
  • US hands bank accounts to Venezuela's Guaido

    US hands bank accounts to Venezuela's Guaido

    Markets

    Mr Mnuchin said PDVSA must cut itself off from President Maduro in order to see sanctions dropped. Venezuelan Attorney General Tarek Saab said he had asked the Supreme Court to open a preliminary investigation into Guaido, accusing him of helping foreign countries to interfere in internal matters.
  • US levels 23 charges against Huawei for stealing secrets, evading sanctions

    US levels 23 charges against Huawei for stealing secrets, evading sanctions

    Markets

    The indictment is available here and below. Huawei has been the target of a broad US crackdown, including allegations it sold telecommunications equipment that could be used by China's Communist Party for spying. It alleged the two executives tried to steal robotic technology from US carrier T-Mobile to test smartphones' durability. USA prosecutors charge that Huawei used a Hong Kong shell company to sell equipment in Iran in violation of United States sanctions.
  • Oil prices fall on rising USA rig count, economic slowdown

    Oil prices fall on rising USA rig count, economic slowdown

    Markets

    As for trading activity in the near future, expect the market to be influenced by the usual suspects, possibly headed by Reuters polls of hundreds of economists worldwide suggesting that a synchronized global economic slowdown is underway and would deepen if the U.S.
  • Markets On-Edge Due to Turmoil in Venezuela

    Markets On-Edge Due to Turmoil in Venezuela

    Markets

    U.S. West Texas Intermediate ( WTI ) crude futures were trading at $53.60 per barrel, up 47 cents. Support for Socialist President Nicolas Maduro has been slipping away, and now opposition leader Juan Gaido, the head of the national assembly, has begun a process to take over.
  • China blasts `unfair' Huawei equipment bans by other countries

    China blasts `unfair' Huawei equipment bans by other countries

    Markets

    The comments come as tensions between Huawei and Western governments mount amid concerns Chinese authorities could use the firm's equipment for espionage. China's Huawei Technologies Co Ltd announced on Thursday its consumer business sales made a record of over 52 billion USA dollars in 2018 on strong demands for its smartphones.
  • Microsoft 'Waiting To Find Out Why Bing Went Offline In China

    Microsoft 'Waiting To Find Out Why Bing Went Offline In China

    Markets

    Users performing searches on Bing's China website from within China are reaching a page that says the server can not be reached. Unlike Alphabet Inc.s Google, which pulled its search engine out years ago in part to avoid government censorship, Microsoft has toed the line and stops content deemed illegal from showing up in results.
  • China's 2018 Economic Growth Edges Down Amid Trade War

    China's 2018 Economic Growth Edges Down Amid Trade War

    Markets

    The economic report comes just hours after Beijing unveiled a potential trade deal with the United States; vowing to increase imports and eliminate the US-China trade deficit by 2024. At the same time, Beijing has sought to control the dissemination of sensitive economic data amid its uncertain growth outlook. Some are cutting back on spending, which might worsen the downturn.
  • Oil prices to stay low as USA increases crude output

    Oil prices to stay low as USA increases crude output

    Markets

    According to EIA, U.S. crude oil refinery inputs averaged 17.2 million barrels per day last week, 343,000 barrels per day less than the previous week's average. Given the fact that recent risk-off trading activities have provided precious metals market with significant positive price action, renewed risk on trading activity saw fund flow decrease in precious metals segment.
  • President Trump offers end to shutdown

    President Trump offers end to shutdown

    Markets

    Trump wrote in a murky message to Speaker Nancy Pelosi , D-Calif. "She is so petrified of the "lefties" in her party that she has lost control", he said in a posting . "Come to the table in a spirit of good faith". Still, in the eyes of many White House officials, the prospect that Trump could use the proposal to shift blame for the shutdown and pressure Democrats to end the impasse was worth trying.
  • Cadillac Tapped Into The Club Of Electric Vehicle Manufacturers

    Cadillac Tapped Into The Club Of Electric Vehicle Manufacturers

    Markets

    Though nothing else is yet revealed, it can be safe to assume that it will follow the Cadillac legacy and will be an SUV, or a crossover, albeit with a completely electric powertrain. The drive units and battery cells are designed for maximum usability throughout GM's vehicle line so don't be surprised to see the drivetrain and packs show up in other EVs down the road.
  • Gingrich says Trump should not negotiate on shutdown

    Gingrich says Trump should not negotiate on shutdown

    Markets

    The U.S. Secret Service and the Department of Homeland Security are leading federal agencies for security of the event. However, the government employees will not be compensated until the lapse in appropriations ends. By autumn, lawmakers will also need to approve a fresh round of spending bills for next year, providing opportunities for Trump to threaten a new shutdown for whatever issue he deems worth highlighting as his 2020 re-election campaign revs up.
  • China Not Worried About Other States' Criticism of Death Penalty for Canadian

    China Not Worried About Other States' Criticism of Death Penalty for Canadian

    Markets

    China is not putting pressure on Canada by sentencing a Canadian to death for drug smuggling, and any suggestion it was doing so showed "rude contempt" of China's law, its state media said. Schellenberg was slapped with the harshest possible punishment for drug smuggling on Monday. China is urging its citizens to be cautious about going to Canada.
  • Shutdown Will Be Worse For Economy Than First Thought, White House Says

    Shutdown Will Be Worse For Economy Than First Thought, White House Says

    Markets

    The Trump administration had initially estimated the shutdown would cost the economy 0.1 percentage point in growth every two weeks that employees were without pay. The charity World Central Kitchen, which is known for its work feeding people in disaster zones such as Puerto Rico after a hurricane devastated the US territory in 2017, is opening a popup stand Wednesday in Washington to feed federal employees.
  • Passenger carries firearm through TSA screening at Atlanta onto Delta flight

    Passenger carries firearm through TSA screening at Atlanta onto Delta flight

    Markets

    The agency says it "will hold those responsible appropriately accountable". Delta Airlines said the passenger boarded a flight headed for Narita International Airport in Tokyo. Though the TSA has stated that it will compensate its employees with a day's pay in addition to a $500 bonus, many are instead deciding to submit their resignation letters, Yahoo Finance reported .
  • Apple Might Debut 3 New iPhones in 2019

    Apple Might Debut 3 New iPhones in 2019

    Markets

    It is, however, planning to put OLED panels for the cheaper iPhone models next year, which will unify the displays across all its iPhones for 2020. Reports emerged earlier this week that Apple will cut production of its latest phone models by 10 per cent over the next three months.
  • North Korean leader visits econ-tech zone in Beijing before heading home

    North Korean leader visits econ-tech zone in Beijing before heading home

    Markets

    Moon said resolving the issue of the North Korea sanctions hinges on how fast North Korea denuclearizes and whether it receives reciprocal measures from the United States. Pyongyang has a long history of playing major powers off against each other, with Kim's predecessor and grandfather Kim Il Sung adept at winning backing from the then Communist rivals Beijing and Moscow in turn.
  • CES: Sex-toy firm revoked for hands-free device slam 'sexist' awards

    CES: Sex-toy firm revoked for hands-free device slam 'sexist' awards

    Markets

    Lora DiCarlo (a company owned by Lora Haddock) was awarded the CES 2019 Innovation Awards in the Robotics and Drones section for the Ose personal massager. From the 1980s until 1998, CES had an entire section devoted to " adult software ... where porn stars and adult filmmakers openly displayed their products ".
  • USA warship sails in South China Sea amid trade talks with Beijing

    USA warship sails in South China Sea amid trade talks with Beijing

    Markets

    After months of US tariffs on Chinese imports and Chinese retaliatory tariffs on USA goods, Trump and Chinese President Xi Jinping held December 1, 2018 meetings at the G20 in Argentina. The Chinese military has moved to intercept USA warships sailing through the contested South China Sea in the latest of what has been a series of tense encounters involving the two powers in the Asia-Pacific region.
  • LA sues Weather Channel, alleging it sold app users’ data

    LA sues Weather Channel, alleging it sold app users’ data

    Markets

    The Weather Channel seen on TV was not acquired by IBM and is owned by a different company. Poor data privacy standards seem to be the norm for many tech companies nowadays, but it seems even older institutions - like The Weather Channel (TWC) - aren't immune to similar problems.
  • Tesla selloff on Model 3 delivery news overdone, analyst says

    Tesla selloff on Model 3 delivery news overdone, analyst says

    Markets

    According to Reuters' own calculations, Tesla gained around $3,200 per vehicle delivered in pre-tax earnings. In the days leading up to New Year's Eve, CEO Elon Musk took to Twitter in an effort to encourage potential customers to pull the trigger before the deadline, but didn't mention the pending price reduction .
  • Purchases trough Alexa tripled this holiday season

    Purchases trough Alexa tripled this holiday season

    Markets

    Another highlight for Amazon this season: More than 50% of items sold came from its small and medium-sized businesses in Amazon's stores. Tens of millions of customers took advantage of an Amazon Prime membership by either signing up for a free trial or purchasing a paid membership during the holiday season.
  • Last-minute shoppers hit the stores on Christmas Eve

    Last-minute shoppers hit the stores on Christmas Eve

    Markets

    Good news everyone. Dunkin' is open on Christmas Day. Though most stores are closed Christmas Day , you can still find someplace open for that emergency purchase. The 211 Call Centre will remain open through the holiday period, but the 311 Call Centre will only be operating from 8:30 a.m.to 4:30 p.m. on Christmas Eve Day.
  • Nasdaq in bear market, first of the three major U.S. indexes

    Nasdaq in bear market, first of the three major U.S. indexes

    Markets

    The Dow Jones Industrial Average fell 379 points, or 1.6 percent, to 22,950. The benchmark S&P 500 index has slumped 10.6 percent this month and is nearly 16 percent below the peak it reached in late September. The Dow lost 464 points, or 2 percent, to 22,859. The S&P 500 index lost 14 points, or 0.6 percent, to 2,491. The yield on the 10-year Treasury finished today nearly a half percent lower than its recent October peak.
  • Gold prices steady as Fed's hint at 'some' hikes in 2019

    Gold prices steady as Fed's hint at 'some' hikes in 2019

    Markets

    In the wake of the Fed announcement, USA stocks declined sharply on Wednesday, with both the Dow Jones Industrial Average and the Standard & Poor's 500 index falling about 1.5 percent. Concerns about global growth seeped into the stock markets following the Fed's rate hike outlook, as worries of recession inflated, impairing risk sentiment.
  • US Federal Reserve Raises Interest Rates Against Trump's Wishes

    US Federal Reserve Raises Interest Rates Against Trump's Wishes

    Markets

    For consumers, any hike in the rate has meant higher borrowing costs, including mortgage and credit card payments. Trump has always been opposed to rising interest rates on the basis they might hamper economic growth, and has in the past called the Fed "crazy" and "loco" for doing so.
  • Stocks Dip Ahead of Fed News; Oil Prices Drop

    Stocks Dip Ahead of Fed News; Oil Prices Drop

    Markets

    The Empire State Manufacturing Survey's headline general business conditions index, aggregated by the Federal Reserve Bank of NY, fell 12.4 points to 10.9 in December, weaker than analysts' expectations of around 20.6. Declining issues outnumbered advancing ones on the NYSE by a 1.14-to-1 ratio; on Nasdaq , a 1.43-to-1 ratio favored decliners. The major US index futures are pointing to a higher opening on Tuesday following the sell-off seen over the course of the two previous sessions.
  • Gatwick Airport shuts over drone fears

    Gatwick Airport shuts over drone fears

    Markets

    Flights at Gatwick Airport were suspended amid reports of two drones being flown over the airfield. The airport advised those heading to Gatwick to travel or collect relatives to check the status of their flight . The air traffic control tower at Gatwick Airport is seen through fields in southern England, Britain, October 9, 2016. Luton Airport worker Adam Webster, who said he was forced to work an extra five hours until 4am due to diverted flights, offered lifts home to affected ...
  • Half of United Kingdom growth businesses back second Brexit referendum

    Half of United Kingdom growth businesses back second Brexit referendum

    Markets

    Parliament is mid-way through a five-day debate on the Brexit deal, ahead of the crunch vote which will define Britain's departure from the European Union and could determine Mrs May's future as leader. The latter possibility has grown less likely this week as Remainers in the Conservative Party have reached a secret agreement with Labour that would allow Parliament to block the no-deal option.
  • Trump says China 'back in the market' for U.S. soybeans

    Trump says China 'back in the market' for U.S. soybeans

    Markets

    For example, shares in BMW rose 1.8 per cent, Daimler's share price increased by 2.7 per cent, Volkswagen rallied by 3.6 per cent, and General Motors jumped by 1.5 per cent. Trump told Reuters in an interview on Tuesday that China was buying a "tremendous amount" of usa soybeans and would also soon cut tariffs on us autos.
  • Why Opec's output cuts haven't got oil bulls excited yet

    Why Opec's output cuts haven't got oil bulls excited yet

    Markets

    Edward Bell of Emirates NBD bank said "the scale of the cuts. isn't enough to push the market back into deficit" and that he expected "a market surplus of around 1.2 million bpd in Q1 with the new production levels". He appreciated the decision of the OPEC + countries to regulate the oil market and stabilize the oil prices. Some countries have been applied a compromise within the framework of the agreement on reduction of oil production.
  • Oil producers join forces and cut production again

    Oil producers join forces and cut production again

    Markets

    Analysts say that without a substantial cut being announced at today's meeting, that downward pressure will continue. FILE - Candles, lit by activists, protesting the killing of Saudi journalist Jamal Khashoggi, are placed outside Saudi Arabia's consulate, in Istanbul, during a candlelight vigil, October 25, 2018.
  • Winter Weather Warnings, Advisories issued until Sunday morning

    Winter Weather Warnings, Advisories issued until Sunday morning

    Markets

    Residents caught in the storm are flooding Twitter with images of its wrath under the hashtag #Snowmagedden2018. A winter storm brought snow totals above a foot to some portions of North Carolina and Virginia Sunday, prompting thousands of power outages and flight cancellations.