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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.
  • 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.
  • Strength in Oil ETFs Won't Last if OPEC Has Any Say

    Strength in Oil ETFs Won't Last if OPEC Has Any Say

    Markets

    On the flip side, the bearish breakout of $68.45 can lead oil prices towards $67.45. US President Trump said on Twitter on Thursday that the United States holds the upper hand in talks. "The price action of yesterday confirms $80.00 a barrel as a strong resistance line in Brent ", consultancy Petromatrix said in a research note. The United States is under the process of imposing new economic sanctions after the Trump administration made a decision to pull out of the nuclear deal ...
  • Can Jeff Bezos help the homeless? 4 essential reads

    Can Jeff Bezos help the homeless? 4 essential reads

    Markets

    Mr Bezos asked on Twitter last year for suggestions on how he might use his personal fortune, which this year has soared due to Amazon's surging share price and USA tax cuts. Who would have thought that with all the wealth in the world, the richest man on Planet earth would wore his pair of pajamas in a board meeting. Zuckerberg, 34, and his wife Priscilla Chan said in 2015 that they planned to give away 99 per cent of their Facebook stock.
  • Upward journey continues - petrol touches Rs.90.11 in Maharashtra

    Upward journey continues - petrol touches Rs.90.11 in Maharashtra

    Markets

    The hike of 48 paise a litre for petrol and 47 paise for diesel is the steepest increase since the daily price revision came into effect over 14 months ago. The spike in prices has renewed calls for cut in excise duty but Finance Minister Arun Jaitley has remained non-committal, saying global oil prices are volatile and have not shown any linear movement.
  • Why Tesla Stock Was Hit Hard Friday

    Why Tesla Stock Was Hit Hard Friday

    Markets

    Meanwhile, its chief people officer Gaby Toledano had decided not to return to the firm after a period of absence, according to newswire Bloomberg . In a recent New York Timers interview , Musk did admit to using the prescription drug Ambien to help him sleep.
  • Obama Campaigns for Seven California Democrats in Key House Districts

    Obama Campaigns for Seven California Democrats in Key House Districts

    Markets

    Obama is expected to deliver the same message in Cleveland on Thursday where he will campaign for Richard Cordray, the Democratic nominee for OH governor, and other Democrats. I believe in you. This gloves-off performance portends a return to Obama's "fired up and ready to go" campaign style and underscores his conviction that the midterm truly is "the most important election of his lifetime".
  • Goldman Sachs Has Dropped Plans for Crypto Trading Desk

    Goldman Sachs Has Dropped Plans for Crypto Trading Desk

    Markets

    That appears never to be the case anymore, and markets aren't taking the news well. "At this time, we have not concluded the goal of our offer", an unidentified Goldman Sachs spokesman said. However, per the sources, the banking giant hasn't abandoned the idea completely, but is rather pushing the possibility lower down on its priorities list and could still move to open the desk at a later date.
  • Tesla rocked by executive departures, Elon Musk's web show

    Tesla rocked by executive departures, Elon Musk's web show

    Markets

    Musk smoked what Rogan described as a joint containing a mix of marijuana and tobacco. In August he told the New York Times that he worked "120-hour weeks" and took sedatives. Musk told The Guardian in response to a question about whether Tesla drug-tests employees that " our policy allows trace amounts of THC [an ingredient of cannabis] during work times, provided they are below the safety limit (much like a minimum alcohol level )".
  • Trump calls on Apple to move production from China to US

    Trump calls on Apple to move production from China to US

    Markets

    Speak on Air Force 1, Trump is talking tariffs. "China, right now, is a far bigger problem", Trump said. "And I hate to say this, but behind that is another $267 billion ready to go on short notice if I want. But Beijing will struggle to keep responding in kind as it imports less than United States dollars 200 billion in U.S. goods per year. If eventually carried out, Trump's latest threat could result in tariffs on all Chinese goods entering the United States, an unprecedented ...
  • Over 300,000 British Airways travelers' credit cards hacked

    Over 300,000 British Airways travelers' credit cards hacked

    Markets

    Consumer advice website MoneySavingExpert says affected customers should first seek advice from their bank, then monitor bank and credit card statements closely for signs of possible fraudulent activity. According to Reuters , the customer data, including personal and financial information involving 3,80,000 transactions, was stolen between August 21 and September 5.
  • Fears rise, diapers vanish amid currency crisis in Iran

    Fears rise, diapers vanish amid currency crisis in Iran

    Markets

    International Brent crude futures LCOc1 , by contrast, lost ground, trading at $78.10 per barrel, down 5 cents from their last close. At the end of last month , Iran's Foreign Minister was quoted as reminding the European Union that Iran was still waiting to receive guarantees that the EU would continue to buy Iranian oil even after USA sanctions kick in on November 4.
  • Focac Summit To Set New Path For China Africa Ties

    Focac Summit To Set New Path For China Africa Ties

    Markets

    Xi said China would set up a China-Africa peace and security fund and that a total of 50 "security assistance" programs will be carried out, such as United Nations peacekeeping missions, fighting piracy and combating terrorism. On trade facilitation, Xi said China will increase imports, especially non-resource products, from Africa and support African countries in participating in China International Import Expo.
  • Coca-Cola Buys Coffee Chain Costa for £3.9 Billion

    Coca-Cola Buys Coffee Chain Costa for £3.9 Billion

    Markets

    But the Costa acquisition gives it a much bigger piece of the coffee market, which is growing by 6 per cent a year , according to James Quincey, Coca-Cola president & CEO. Coca-Cola does already have over 500 brands in its stable including Fanta, innocent smoothies and Powerade sports drinks. It has invested heavily in Costa's expansion overseas recently, but had been looking to siphon off the business to generate funds for the expansion and for its other business, the budget hotel chain ...
  • Donald Trump on free trade

    Donald Trump on free trade

    Markets

    Canadian Foreign Minister Chrystia Freeland said late on August 29 that talks were at "a very intense moment" but said there was "a lot of good will" between Canadian and US negotiators. Mexico's peso strengthened against the United States dollar, as did the Canadian dollar, while the U.S. dollar index weakened slightly. After Trump said he would terminate the NAFTA deal and make a new bilateral trade agreement with Mexico, Canada is now left out in the cold in North American trade ...
  • After US-Mexico trade announcement, Washington businesses wonder about Canada

    After US-Mexico trade announcement, Washington businesses wonder about Canada

    Markets

    The new agreement - pending the required signatures - could also change the proportion of a auto that must be made by workers who are paid $16 per hour or more . The terms of the U.S. -Mexico deal are still being interpreted and there are many unanswered questions, especially on measures to settle disputes. Indeed, Mexico has said it wants Canada included in any new deal to replace NAFTA.
  • Trump Announces New U.S.-Mexico Trade Agreement

    Trump Announces New U.S.-Mexico Trade Agreement

    Markets

    Negotiations between the three trade partners have dragged on for more than a year, putting pressure on the Mexican peso and the Canadian dollar. "The deal announced Monday has moving parts and there is still time to make improvements before it is signed and sent to Congress", the Journal's editorial board wrote .
  • United States and Mexico tentatively set to replace NAFTA with new deal

    United States and Mexico tentatively set to replace NAFTA with new deal

    Markets

    Trump has frequently condemned the 24-year-old NAFTA trade pact as a job-killing "disaster" for the United States. "We're going to call it the US-Mexico Trade Agreement". But Freeland also said, "We will only sign a new NAFTA that is good for Canada and good for the middle class". "It has a bad connotation because the United States was treated very, very badly for NAFTA".
  • Oil rises 2% with Brent futures hitting a two-week high

    Oil rises 2% with Brent futures hitting a two-week high

    Markets

    At the beginning of August, oil prices started their longest weekly losing streak in three years. Refinery utilisation rates remained unchanged last week at 98.1% of total capacity, the highest rates since 1999. China's shipowners are shunning Iran's oil, while the OPEC producer is using its own tankers to supply top customers as impending United States sanctions threaten to disrupt global crude trade.
  • Putin dismisses 'counterproductive and senseless' US sanctions

    Putin dismisses 'counterproductive and senseless' US sanctions

    Markets

    TASS also reports that sanctions apply to six Russian vessels for violating US sanctions regarding North Korea. In another separate announcement, the Treasury targeted two entities and six vessels for violating the United Nations and USA sanctions on North Korea.
  • China trade dispute escalates

    China trade dispute escalates

    Markets

    Yet Beijing is not backing down despite insistence from Washington that it put the breaks on a technology development strategy that, according to the USA, features unfair trade practices. "China resolutely opposes this, and will continue to take necessary countermeasures ", it said in a brief statement shortly after mid-day. The dispute centres around Mr Trump's demand for Beijing to drop its protectionist economic stance and buy more USA goods.
  • What Would Happen if the SEC Abandoned Quarterly Earnings Reports

    What Would Happen if the SEC Abandoned Quarterly Earnings Reports

    Markets

    Even SEC Chairman Jay Clayton, a Trump appointee who has made boosting the number of initial public offerings one of his top priorities, hasn't floated the idea of scaling back reporting requirements. It's unclear whether management at companies that report semi-annually take a longer-term investment strategy than management at companies reporting quarterly, said Salman Arif, a business professor at Indiana University who has studied the difference in reporting periods.
  • Turkish lira firms despite USA warning of more sanctions

    Markets

    US President Donald Trump Mr Trump announced on Twitter last week that he had authorised a doubling of duties on aluminium and steel imported from Turkey, putting unprecedented economic pressure on Ankara . The lira has clawed back some ground over the past two days - after losing nearly a quarter of its value on Friday and Monday - but economists are warning that Turkey must urgently address its economic imbalances to avoid more trouble.
  • Turkish court rejects freedom for USA pastor championed by Trump

    Turkish court rejects freedom for USA pastor championed by Trump

    Markets

    Trump prefaced Mnuchin's remarks by saying that Turkey had not been a very good friend. Finance Minister Berat Albayrak assured worldwide investors on Thursday that Turkey would emerge stronger from its currency crisis, insisting its banks were healthy and signalling it could ride out the dispute with the United States.
  • Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars

    Turkey Hits Back At US With Tariff Hikes On Alcohol, Cars

    Markets

    Turkish presidential spokesman Ibrahim Kalin referred to the conflict with the USA in stark terms saying, "Turkey does not favor an economic war, but it can not remain unresponsive when it is attacked". Erdogan also has called on people to exchange their US dollars for Turkish lira to help strengthen the exchange value of the country's currency . An employee at an upscale clothing store who declined to give his name said the amount of shoppers was unusual even in high season, attributing it ...
  • Rupee hits record low of 70 to dollar, touches 19.05 vs dirham

    Rupee hits record low of 70 to dollar, touches 19.05 vs dirham

    Markets

    Mumbai: Rerversing all its early gains, the rupee on Tuesday collapsed to a life-time low of 70.09 against the USA dollar, falling 16 paise amid fears that Turkish economic crisis could lead to a global financial meltdown. The fall in the rupee is leading to a widening of India's current account deficit, when the value of imports exceeds the value of exports, they say.