Markets

Markets Qatar will pull out of OPEC amid tension with Saudi Arabia
Author: 0 Qatar will pull out of OPEC amid tension with Saudi Arabia

On Monday, however, oil prices rebounded by 4 percent. USA crude CLc1 pulled back from a rally early in the session, trading up 5 cents to $53.00 a barrel by 12:24 p.m. "Now we're starting to get uncertainty on both the trade and production cut fronts and the market is giving back those gains", said Gene McGillian, director of market research at Tradition Energy in Stamford, Connecticut.

Markets Powell: US economy healthy and rate hikes aren't automatic
Author: 0 Powell: US economy healthy and rate hikes aren't automatic

Stock markets turned higher after release of the Fed minutes , continuing a rally begun on Wednesday when Fed chair Jerome Powell seemed to signal a possible shift in tone. "I'm doing deals and I'm not being accommodated by the Fed", Trump told the Washington Post . "We know that things often turn out to be quite different from even the most careful forecasts", Powell said at an Economic Club of NY luncheon on Wednesday.

Markets Trump studying new auto tariffs after General Motors restructuring
Author: 0 Trump studying new auto tariffs after General Motors restructuring

Actually , Trump may have jumped the gun on that as the automaker has only said that it is considering a new plant. It is expanding its existing U.S. His tweet about the BMW plant Thursday was premature in declaring that BMW has already made a decision to build the engine plant. "The U.S. saved General Motors , and this is the THANKS we get!" the president tweeted on Tuesday, referring to the government bailout of the automaker a decade ago.

Markets US Fed official urges pause on rate hikes with inflation under control
Author: 0 US Fed official urges pause on rate hikes with inflation under control

Mr. Powell didn't provide any more guidance on the likely path for rates, and he noted they remain low by historical standards. "His description highlights the significant uncertainty around estimates of neutral, a theme he mentioned at his speech at Jackson Hole in August", Jan Hatzius, chief U.S.

Markets Trump doesn't believe his own govt's climate warning
Author: 0 Trump doesn't believe his own govt's climate warning

It was written long before the deadly fires in California this month and before Hurricanes Florence and Michael struck the East Coast . Ben Sasse told "Fox News Sunday" the US needs to "innovate our way into the future". Scientists who worked on the report said it did not appear that administration officials had tried to alter or suppress its findings. The report notes that the effects of climate change are already being felt in communities across the country, including more frequent ...

Markets IPhone buyers could 'very easily' stand paying 10% more with China tariff
Author: 0 IPhone buyers could 'very easily' stand paying 10% more with China tariff

The US president also threatened additional tariffs on $267 billion of Chinese imports if China retaliated with its own tariffs - which it did - unless the US and China reach a new trade agreement. China dominates USA electronics imports. "Here's what the bottom line is: China has to treat us fairly". The Journal said the administration has been anxious about a consumer reaction to such levies.

Markets GM to close up to five factories in the U.S., slash jobs
Author: 0 GM to close up to five factories in the U.S., slash jobs

There are 1,500 employees at the General Motors Detroit-Hamtramck Assembly plant and another 335 at the Warren Transmission plant. Four factories in the USA and one in Canada could be shuttered by the end of 2019 if the automaker and its unions don't come up with an agreement to allocate more work to those facilities, GM said in a statement Monday.

Markets Putin warns against ‘reckless acts’ after Ukraine declares martial law
Author: 0 Putin warns against ‘reckless acts’ after Ukraine declares martial law

Video of the incident released by Ukrainian officials appeared to show a Russian ship ramming the Ukrainian tugboat. "Russian coastguard vessels ... "And hopefully it will get straightened out", Trump told reporters as he left the White House. On November 25, Russia's Federal Security Service (FSB) border guards fired on and seized three Ukrainian naval vessels in the Kerch Strait area.

Markets Logitech Said To Be In Talks To Acquire Headphone Maker Plantronics
Author: 0 Logitech Said To Be In Talks To Acquire Headphone Maker Plantronics

Plantronics' market cap is over a third of Logitech's $5.6 billion. The deal would going to be the far Logitech largest acquisition and would show the company push to diversify its business. If these negotiations are successful between the two companies then this acquisition could be underway and closed in the month of November itself. Plantronics traditionally has specialized in headsets and unified communications gear, but acquired Polycom in an effort to move up the food chain.

Markets Bitcoin will break $2000 before it hits $6000, says crypto expert
Author: 0 Bitcoin will break $2000 before it hits $6000, says crypto expert

It was the first time since September 2017. The cryptocurrency's valuation of the crypto market increased from around $137 billion to $140 billion after a recovery of around 2 percent from Bitcoin price drop . The great cryptocurrency crash of 2018 is heading for its worst week yet, with Bitcoin slipping closer to $4,000, extending the Bloomberg Galaxy Crypto Index's decline since November 16 to 23 percent , Bloomberg reported on November 23.

Markets Are you confident in B.C.'s proposed ride-hailing legislation?
Author: 0 Are you confident in B.C.'s proposed ride-hailing legislation?

And with Transportation Minister Claire Trevena refusing to rule out a cap on ride-hailing cars, Timothy Burr Jr. with Lyft says that will affect how those services operate - or even if they can be in business here at all. "Ride-hailing enterprises like Uber helped invent the gig economy, where jobs are created to be precarious, unstable, and mostly low-paying". "Today raises a lot of questions about the future of ride sharing in B.C".

Markets Stocks take sharp losses; Apple, Microsoft, Amazon and Facebook drop
Author: 0 Stocks take sharp losses; Apple, Microsoft, Amazon and Facebook drop

The Dow Jones Industrial Average lost 392 points, or 1.5 percent, to 25,017. Electronic screen shows the closing numbers of stock market at the New York Stock Exchange in New York, the United States, Nov. Industrial companies are also dropping as the downward momentum in stocks builds after steep losses Monday. Google's Alphabet shares dropped by 1.4 percent.

Markets These Black Friday deals were cheaper at other times of the year
Author: 0 These Black Friday deals were cheaper at other times of the year

Argos said products in Black Friday deals are also included in other promotions. Of the deals analysed at leading retailers, 59 were from Currys PC World , 18 from Amazon , 14 from John Lewis and three were from Argos. Apple's event will start 23 November (Black Friday) and will last until 26 November (Cyber Monday). "The 49" LG 49SJ810V TV was £599 on Black Friday from Currys PC World, but it was £20 cheaper from the end of December to mid-January, and again in April.

Markets No end in sight for crypto sell-off as bitcoin breaches $4 500
Author: 0 No end in sight for crypto sell-off as bitcoin breaches $4 500

Rather it has even toppled Bitcoin Cash and is the fourth-most-valued cryptocurrency with $4 billion market cap, at the press time. Bitcoin Cash (BCH ) itself was directly forked from Bitcoin in the month of August 2017 , after disagreement over how best the crypto can be scaled, emerged.

Markets Jennie-O Recalling 91K Pounds Of Ground Turkey In Salmonella Outbreak
Author: 0 Jennie-O Recalling 91K Pounds Of Ground Turkey In Salmonella Outbreak

Amid an ongoing salmonella outbreak linked to raw turkey, Jennie-O Turkey has has issued a recall for a specific line of its ground turkey products. Consumers can protect themselves by cooking their turkey, other poultry products, and meat thoroughly. People who have an allergy or severe sensitivity to milk could suffer a serious or life-threatening allergic reaction if they consume the tortilla chips, the U.S.

Markets Woman whose fiance died in Lion Air crash takes wedding photos alone
Author: 0 Woman whose fiance died in Lion Air crash takes wedding photos alone

In one image, a grieving Ms Intan held her wedding ring up to the camera. 737 MAX 8 crashed offshore of Indonesia last week killing all 189 people on board, the company referred operators of the aircraft to the plane's operation manual for procedures to deal with possible erroneous input from a sensor created to prevent the aircraft from going into a stall.

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