Markets

Markets Georgia theme park offers free admission to Hurricane Dorian evacuees
Author: 0 Georgia theme park offers free admission to Hurricane Dorian evacuees

Powerful winds will lash the Florida coast as early as Sunday night and could blow fiercely up the east-coast of the state well into Wednesday morning. Saturday morning, Hurricane Dorian's anticipated course recently shifted to put North Carolina in the potential path. Hurricane Dorian is now sustaining maximum wind speeds of 150mph.

Markets Apple iPhone 11 may be available for purchase from Sept 20
Author: 0 Apple iPhone 11 may be available for purchase from Sept 20

Here's everything you need to know about when the new iPhones will be unveiled, when you can order them, and when they're expected to ship. On the other hand, the iPhone 11 Pro, which will be the successor to the iPhone XS from past year, is expected to launch with a 5.8-inch OLED display with a resolution of 2436×1125.

Markets Man wins lottery jackpot, but kept it a secret for 10 months
Author: 0 Man wins lottery jackpot, but kept it a secret for 10 months

Bon Truong, who moved from Vietnam to Canada more than 30 years ago, collected his Lotto Max winnings 10 months after he was the sole victor for the October 26, 2018, drawing. Truong has three children and said they also haven't been told that daddy is a multimillionaire. Truong stated: 'I began to consider what this win would imply for my household.

Markets Government To Infuse Rs 55,250 Crore In 10 State-Run Banks
Author: 0 Government To Infuse Rs 55,250 Crore In 10 State-Run Banks

For example, with Maharashtra Assembly elections scheduled to take place in October, Bank of Maharashtra (BoM) may have been left out of the scheme of things vis-a-vis amalgamation. Sitharaman said 10 PSU banks were being merged to form four entities. Last year, the government had merged Dena Bank and Vijaya Bank with Bank of Baroda, creating the third-largest bank by loans in the country.

Markets India's economic growth plunges to six-year low of 5%
Author: 0 India's economic growth plunges to six-year low of 5%

The latter had recorded a 20-quarter low economic growth of 5 .8 per cent. It may be noted that the GDP has been slowing down quarter after quarter reaching 5% in April-June period of FY20 from 8% during Q1 of 2018-19. Private final consumption expenditure saw a flat growth and rate stood at 55.1 per cent as against 56.1 per cent, while government final consumption expenditure grew fairly robust at Rs 4.22 lakh crore from Rs 3.88 lakh crore, with its rates remaining flat at 11.8 per cent.

Markets Alibaba and Tencent all Set to Get First Chinese Government Cryptocurrency
Author: 0 Alibaba and Tencent all Set to Get First Chinese Government Cryptocurrency

Details: Four of China's largest banks, including the China Construction Bank, the Industrial and Commercial Bank of China , the Bank of China , the Agricultural Bank of China , as well as financial services company Union Pay , and financial technology companies Alibaba and Tencent , will be the first to receive the digital currency , according to Schulte.

Markets Stocks move broadly higher on hopes for US-China trade talks
Author: 0 Stocks move broadly higher on hopes for US-China trade talks

Energy companies also rose along with the price of crude oil . Retailers were also doing well. This was its most inverted level since May 2007 and is the offshoot of investors fleeing to safe-haven assets like USA government bonds as Trump's trade war against China continues.

Markets New Quinnipiac Poll Shows Troubling Economic News for Trump Reelection Bid
Author: 0 New Quinnipiac Poll Shows Troubling Economic News for Trump Reelection Bid

Trump's approval also plummeted from the positives to the negatives in New Hampshire, Minnesota, Maine, New Mexico, Colorado, Nevada, Iowa, Arizona, Ohio, Virginia and North Carolina. Trump continues to advertise a "great" economy despite turbulent markets and demands that his "stock market gains be judged from the day after the election" in 2016 when "the market went up big".

Markets Trump retaliates against China with tariff hike; stocks sell off
Author: 0 Trump retaliates against China with tariff hike; stocks sell off

I will be responding to China's Tariffs this afternoon. The Dow Jones Industrial Average sank almost 500 points after the president made the announcements on Twitter. The S&P 500 was down 75.84 points, or 2.59 percent, to 2,847.11. The average was briefly down 549 points. Apple and Intel lost 4.62 percent and 3.89 percent, respectively, the worst performers of the day.

Markets China to slap 10% tariffs on $75 billion worth of United States exports
Author: 0 China to slap 10% tariffs on $75 billion worth of United States exports

He "ordered" United States companies to change their production strategies, but did not say how he would enforce such an order. It said 5,078 American products would see duty hikes of 5 or 10%, and that on December 15, it would hit "American-made vehicles and auto parts" with tariffs of 5 or 25%, according to Xinhua .

Markets Twitter running Chinese-backed ads against Hong Kong protesters
Author: 0 Twitter running Chinese-backed ads against Hong Kong protesters

It's basic human rights. "We simply must soldier on", she told CBC News. YouTube did not immediately respond to a request for comment on Monday on whether it had detected inauthentic content related to protests in Hong Kong . As torrential rain lashed the city on Sunday afternoon, organisers said more than one million protesters flooded into Victoria Park in downtown Causeway Bay and spilled into surrounding highways and roads.

Markets Leaked UK memos warn of food, drug shortages in Brexit chaos
Author: 0 Leaked UK memos warn of food, drug shortages in Brexit chaos

There would likely be some form of hard border imposed on the island of Ireland, the document implied. Senior officials there believe widespread checks will be necessary as current plans to avoid them will prove "unsustainable". The EU struck a withdrawal agreement with Johnson's predecessor, Theresa May, but it was rejected three times by Britain's parliament. He is expected to push for fresh negotiations over the terms of Brexit or warn that the European Union faces Britain ...

Markets Dow Crashes 660 Points as Bond Yield Inversion Ignites Wall Street Panic
Author: 0 Dow Crashes 660 Points as Bond Yield Inversion Ignites Wall Street Panic

The yield curve inversion does not tell us anything about what might be the specific reasons for any impending recession. "We have regional bonfires in Hong Kong, Argentina, Japan against South Korea, and none of these are going away easily; each and every one is not necessarily strong enough to cause trouble".

Markets Stocks move higher to end turbulent week
Author: 0 Stocks move higher to end turbulent week

The Dow Jones Industrial Average (DJIA) was down 800 points, NASDAQ down over 240 points, and the S&P 500 dropping 85 points. Losses accelerate throughout the day with the Dow closing 800 points lower, or 3%. JPMorgan Chase rose 2.4% and Bank of America rose 2.9%. Mr Trump also criticised the Federal Reserve for hamstringing the United States economy by raising rates "too much & too fast" a year ago and not reversing its policy aggressively enough - the Fed cut its key rate by a ...

Markets New Look For Cigarettes? FDA Proposes Graphic Warnings On Packages And Ads
Author: 0 New Look For Cigarettes? FDA Proposes Graphic Warnings On Packages And Ads

Despite the statistics, an estimated 34.4 million USA adults and an additional 1.4 million US youths are active smokers. When finalized, this rule would fulfill a requirement in the Family Smoking Prevention and Tobacco Control Act and complement additional important work the FDA is undertaking to advance the health of America's families.

Markets Stocks up early, day after big drop; global stocks lower
Author: 0 Stocks up early, day after big drop; global stocks lower

An inversion like the one taking place Wednesday has preceded the last nine recessions dating back to 1955, though it doesn't always mean recession is imminent, as in 1966 when no recession formed after an inversion. European markets fell after Germany's economy contracted 0.1% in the spring due to the global trade war and troubles in the auto industry. And while analysts concerns are certainly worth heeding, moves in the stock market-from investors-tend to tell a more concrete story.

Markets President Trump,
Author: 0 President Trump, "Fed Behind Market Turmoil, Not Trade War"

China is not our problem, though Hong Kong is not helping. US allies such Germany and New Zealand have recently made significantly more aggressive rate cuts. Or if the Fed appears to be in denial about the need to cut rates sharply but is expected to figure it out sooner or later, that's another reason long-term yields would fall.

Markets Facebook transcribed users' audio and passed it on
Author: 0 Facebook transcribed users' audio and passed it on

But the company doesn't disclose in its data-use policies that it collects audio from users or that it sends such data to human transcribers, Bloomberg reported. One transcriber described some conversation as being filled with " vulgar content", and even wondered why Facebook would even want it. Facebook says its " systems automatically process content and communications you and others provide to analyse context and what's in them".

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