Markets

by | January 16, 2019 | 05:15

A large United States delegation ended a three-day visit to Beijing last week in the first face-to-face trade talks since Trump and Chinese leader Xi Jinping in December pledged a three-month truce in the escalating tariff spat. The dismal December trade readings suggest China's economy may have lost more momentum late in the year than earlier thought, despite a slew of growth boosting measures in recent months ranging from higher infrastructure spending to tax cuts.

by | January 16, 2019 | 05:10

Political activist, Vimbaishe Musvaburi, witnessed the protests in Bulawayo which come a little more than a year after President Emmerson Mnangagwa took power. "Our struggle is genuine and there must be economic reforms for the poor to survive". The President is being accompanied by the Minister of Mines and Mining Development Winston Chitando, the Minister of Finance and Economic Development Professor Mthuli Ncube, the Minister of Lands, Agriculture, Water, Climate and Rural Resettlement ...

by | January 16, 2019 | 05:09

After Anderson Cooper called Ocasio-Cortez's 70 percent top marginal tax rate suggestion and other bold progressive proposals a "radical agenda" during the "60 Minutes" interview , the NY congresswoman responded , "If that's what radical means, call me a radical".

by | January 15, 2019 | 02:32

Trump threatened Turkey on Sunday with harsh economic sanctions if it attacks Kurdish forces in Syria after USA troops withdraw from the country in the coming months. That Turkey was largely responsible for ISIS' growth between 2012-2015 by leaving its border open and, at times, assisting the flow of foreign fighters and arms to Syria, is beside the point.

by | January 14, 2019 | 00:12

It appears unlikely that Ghosn will be granted bail until his trial begins, which is expected to take at least six months, Ghosn's chief lawyer Motonari Otsuru said earlier, citing the complexity of a case involving documents in both Japanese and English.

by | January 13, 2019 | 02:12

Starting after the January 30 announcement, Powell will hold a press conference after every meeting, rather than just four times a year, giving him many more opportunities to try to communicate with financial markets. "No one knows whether this year will be like 2016", said Powell. "The principle worry I would have is global growth", Powell said. Fed chairs have met with presidents in the past, he added.

by | January 12, 2019 | 01:30

Trump says he won't reopen the government without money for the wall. House Speaker Nancy Pelosi and Senate Democratic leader Chuck Schumer forcefully rebutted the President in a speech of their own Tuesday where Pelosi accused Trump of "holding the American people hostage" to his demands.

by | January 08, 2019 | 00:34

Workers at Liberty Tax Service in Stroud Township have been getting a lot of phone calls from customers asking what they should do this tax season as the shutdown continues. "According to sources there will be a delay on tax refunds due to government shutdown, we are all anticipating a quick resolution". While the plan does say furloughed employees can be recalled during the shutdown, The Wall Street Journal reported that the IRS generally does not issue refunds in that time.

by | January 07, 2019 | 01:12

Apple shares dropped nearly nine percent on Thursday, falling to their lowest amount since April 2017, the Wall Street Journal reported . But the majority of Apple analysts are holding onto their bullish views despite problems seemingly coming from all corners.

by | January 04, 2019 | 19:31

The St Petersburg City Council voted last month to ban plastic straws by 2020, beginning with a grace period in 2019 in which customers must specifically request plastic straws at city businesses. A short time later, there was a report of an unarmed robbery at a Shell station, says CBS Tampa affiliate WTSP-TV . McDonald's told INSIDER the company is fully cooperating with the police investigation.

by | January 03, 2019 | 01:34

There was one Match 5 ticket with the Megaplier worth $4 million, sold in Pennsylvania. Grab a Mega Millions ticket on your way to celebrate the New Year . It says the jackpot has been won once on January 1st back in 2008. Other winners include four people in DE, one person whose winning ticket is worth $10,000 and three other $500 winners.

by | January 03, 2019 | 00:59

With Musk having generally reigned in his own behavior and the company's Model 3 production figures much closer to weekly production targets, the alarm bells that were ringing six months ago have quieted considerably. The 63 150 Model 3s Tesla handed over to customers in the fourth quarter trailed the roughly 63 700 average analyst estimate. Tesla boosted production during the quarter, churning out 86,555 vehicles, up 8 percent from 80,142 during the third quarter, the company said.

by | January 01, 2019 | 02:28

It could extend the deadline - or it could decide to accept defeat and begin a plan to close all of its stores and liquidate its assets. When Sears filed for bankruptcy on October 15, it announced the closing of 142 stores out of its approximately 700.

by | December 31, 2018 | 03:17

Tribune Publishing sold The Times and The San Diego Union-Tribune to Los Angeles businessman Dr. Patrick Soon-Shiong in June, but the companies continue to share various systems, including software. The technology housed at the Los Angeles Times has been able to make some major strides in fixing the problem as it now stands. The paper's main Twitter account has been responding to individual complaints with phrases like, "We've had a ton of delivery problems today which is why our ...

by | December 30, 2018 | 00:37

Sumter's Kmart , 1143 Broad St., is the only South Carolina-based store in the newest closure announcement. That's in addition to 182 stores already slated for closure, including 142 by the end of 2018 and 40 by February. Lampert put forward a $4.6 billion proposal to buy the company out of bankruptcy through his hedge fund, ESL Investments, on December 6. Lampert, who is still the company's chairman, proposed buying the struggling retailer in full for $4.6 billion through his hedge fund ...

by | December 29, 2018 | 01:35

There are smaller Sears Hometown stores in many Minnesota communities. As the deadline looms for Lampert to submit his offer, Sears advisors only have until January 4, to make the decision on whether he is a "qualified bidder". Lampert, though, hasn't submitted a bid or come up with financing as of Thursday afternoon, the people said. Representatives for Sears, based in Hoffman Estates , and for Bank of America declined to comment.

by | December 28, 2018 | 00:32

Volatility has been the norm this month. USA stocks are on track for their worst year since 2008, which was during the Great Recession, and their worst December since 1931, which was during the Great Depression. "We've had times when we dropped 20 percent and went into recession but this is an example, so far, where the market realizes a recession isn't imminent, and going down 20 percent doesn't make sense", said Chris Zaccarelli, chief investment officer at the Independent Advisor Alliance.

by | December 26, 2018 | 20:55

Closing hours may vary by location. In particular, ambitious hosts may have found that they are short on ingredients for that big holiday meal. Chinook Centre , Southcentre Mall, Sunridge Mall, CrossIron Mills, Market Mall and The CORE are open until 5 p.m.

by | December 26, 2018 | 20:47

With stocks declining last week, Trump was reportedly considering firing Federal Reserve Chairman Jerome Powell , after the USA central bank voted Wednesday to increase rates. The Treasury Department issued a statement Sunday saying banks have adequate liquidity for lending, surprising investors who didn't know that might be an issue.

by | December 25, 2018 | 02:13

There are virtually no times throughout the year that you can't count on Walmart to be open. Whole Foods will be open from 8 a.m.to 7 p.m. Christmas Eve and will be closed Christmas Day . Starbucks : Some Starbucks locations will be open for part of the day. Scarborough Town Centre Christmas Eve - 8 a.m.to 6 p.m. Christmas Day - closed Boxing Day - 8 a.m.to 10 p.m.