Markets

Markets Heathrow grounds flights after drone sighting
Author: 0 Heathrow grounds flights after drone sighting

The rozzers are supposedly investigating the drone appearance, but there's no word on when flights will be back up and running.or should that be flying. Mr Grayling said: "We are in contact with Heathrow Airport concerning the drone sighting". Arriving planes are continuing to land at Heathrow. Gatwick closed on the evening of December 19 and for much of the day on both December 20 and 21.

Markets Early IRS tax refunds up in the air during government shutdown
Author: 0 Early IRS tax refunds up in the air during government shutdown

For the most comprehensive local coverage, subscribe today. While the document notes the plan can be reassessed and furloughed employees can be recalled, The Wall Street Journal reported Wednesday and CNN reported Thursday that the IRS generally does not issue refunds during a shutdown.

Markets Dow Falls 660 Points as Apple Stokes Global-Economy Worries
Author: 0 Dow Falls 660 Points as Apple Stokes Global-Economy Worries

While we don't have the exact numbers, it's likely that many iPhone customers made a decision to pay the $30 to extend the life of their current handsets rather than shell out hundreds of dollars for a new model. And market data has shown that the contraction in Greater China's smartphone market has been particularly sharp . China's smartphone market has been down 6% year-over-year in the third quarter of 2018 and is expected to drop by 3% in the fourth quarter of 2018, according to IDC.

Markets Apple plunges after slashing revenue guidance for its holiday quarter (AAPL)
Author: 0 Apple plunges after slashing revenue guidance for its holiday quarter (AAPL)

Apple's stock price hovered around the $143-$144 mark in the first few minutes of trading, down about 9% from Wednesday's closing price of $157.92. Apple on Wednesday evening cut its revenue guidance for its crucial holiday quarter . "Until it changes this pricing strategy, it is unlikely to see market share growth and will most likely see a gradual contraction as iPhone users upgrade at slower rates", said Richardson.

Markets Tesla shares stumble on price cut, disappointing Model 3 deliveries
Author: 0 Tesla shares stumble on price cut, disappointing Model 3 deliveries

Tesla said it delivered 90,700 vehicles from October through December, while analysts polled by data provider FactSet expected 92,000. Tesla has been urging buyers to make use of the federal tax credit, with chief executive officer Elon Musk reminding them on Twitter on Saturday that the benefit would drop to half beginning 2019.

Markets Towne East Sears closing in March
Author: 0 Towne East Sears closing in March

Sears associates were told December 27 and liquidation sales are expected to begin in two weeks. The bankrupt company set 4 pm ET Friday as the deadline for potential buyers to bid for Sears' assets. A bid that would keep Sears in business also gives lenders who aren't first in line to be repaid a shot at retrieving a larger portion of what they're owed.

Markets United States trade delegation said to plan Beijing trip
Author: 0 United States trade delegation said to plan Beijing trip

The National Customs Administration reported that the measure has immediate effect and contemplates the entry of different varieties of the grain, but must comply with the phytosanitary standards of the country and be registered with the U.S.

Markets New Yorkers baffled as night sky turns blue
Author: 0 New Yorkers baffled as night sky turns blue

The fire caused scattered power outages across the city stalling some trains and triggering a brief blackout in LaGuardia Airport . All Federal Aviation Authority facilities were on generator power , FAA spokesman Greg Martin said. However, the reality was far less inspiring as the blue light had risen after an electricity transformer exploded at ConED Plant in Queens , New York .

Markets Markets Right Now: US stocks open lower as sellers return
Author: 0 Markets Right Now: US stocks open lower as sellers return

American exchanges were closed on Tuesday for the Christmas holiday, but stocks are inheriting downside momentum from a Monday plunge when they recorded their worst Christmas Eve trading ever - and the S&P 500 entered a bear market . Stocks are looking to stop one of the most miserable Decembers on record, as a host of headwinds combined to drag down America's benchmark index. The S&P 500 was down 20.06 percent from an intraday record high set on September 21 before Wednesday's sharp ...

Markets Stocks lose momentum a day after Dow's record gain
Author: 0 Stocks lose momentum a day after Dow's record gain

After a pause in trading for the holiday, US markets reopen Wednesday. London sank 0.8 per cent and Paris shed nearly 0.1 per cent compared with Monday's closing levels. There was a report late Friday that President Donald Trump was discussing the possibility of firing Powell, a move that could undermine confidence in the US financial system.

Markets Dow Jones surges 1,100 points, Wall Street rebounds from worst-ever Christmas
Author: 0 Dow Jones surges 1,100 points, Wall Street rebounds from worst-ever Christmas

The put call ratio - a measure for downside protection against a stock market decline - reached the highest level since at least 2003 Thursday, pointed out SunTrust Chief Markets Strategist Keith Lerner. "So I think it's a tremendous opportunity to buy ", Trump said, according to a report on Reuters website. "Really a great opportunity to buy". Markets in Europe, Hong Kong and Australia were closed Wednesday for post-Christmas holidays.

Markets Oil Producers To Cut Oil Output By 2-3% To Boost Prices
Author: 0 Oil Producers To Cut Oil Output By 2-3% To Boost Prices

It was unclear whether follow-through buying would push prices higher again once trading desks are more fully staffed after the new year begins. Broader financial markets have been under pressure on worries about a global economic slowdown amid higher USA interest rates and the U.S.

Markets Dow’s wild ride continues after Trump official fails to calm markets
Author: 0 Dow’s wild ride continues after Trump official fails to calm markets

Mnuchin announced the President's Working Group call in a Sunday afternoon tweet , in which he also revealed that he had reached out to the chief executive officers of the nation's six largest banks to inquire about market conditions. Mnuchin said on Saturday Trump told him he had "never suggested firing" Powell. The announcement comes after weeks of losses in the stock markets and fears of a burgeoning U.S.

Markets What's open and closed this Holiday Season
Author: 0 What's open and closed this Holiday Season

Pat's Pizza is open until 7 p.m. on Christmas Eve , and is closed on Christmas Day . CVS : Almost all CVS stores are open regular hours Christmas Day . Oriental Jade is open until 9:30 p.m. on Christmas Eve , and will have a special buffet from noon to 8 p.m. on Christmas Day . They will then return to their normal opening hours from Wednesday 2 January .

Markets Hydro crews work around the clock to restore power to British Columbians
Author: 0 Hydro crews work around the clock to restore power to British Columbians

Uprooted trees, snapped power lines and debris forced the closure of several streets and highways along the southern coast. That's roughly half as many as were affected at the height of Thursday's windstorm, which BC Hydro described as one of the most severe weather systems its crews have dealt with in years.

Markets Dow sinks another 464 points as slowdown fears worsen
Author: 0 Dow sinks another 464 points as slowdown fears worsen

Started the last day of the week on a positive note. The technology-driven NASDAQ Composite closed at 6528.41, down 108.42 or -1.63%. 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.

Markets US Fed raises lending rate, signals slower pace
Author: 0 US Fed raises lending rate, signals slower pace

The gold price, which sunk to US$1,241.30 per ounce after the rate increase , also rebounded on Thursday, rising as high as US$1,266.20 in the afternoon. But it was still a greater number of hikes than investors were hoping for given the parlous state of financial markets and a cocktail of anxieties including the US-China trade spat.

Markets Budweiser maker teams up with Tilray to explore pot drinks
Author: 0 Budweiser maker teams up with Tilray to explore pot drinks

Stringent packaging seeks to see ingestibles sold in plain, child-resistant packaging that would be required to bear a standardized cannabis symbol, health warning message, and CBD and THC content, along with ingredient lists, nutrition fact tables, and allergens.

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