Business

by | October 27, 2018 | 03:25

Lexus and Toyota topped the list for the sixth consecutive year. Consumer Reports' readers reported more mechanical trouble and fewer problems with infotainment systems in USA makes like General Motors , Tesla and Ford. 18. The domestic brands largely were plagued by problems with newly introduced models, Fisher said. The Taurus, the oldest model in Ford's fleet, has "Much-Better-Than-Average" reliability.

by | October 27, 2018 | 03:35

Amazon's third-quarter profit blew away analysts' heady expectations, but it still managed to disappoint Wall Street. Amazon's global sales grew at just 13% to $15.5 billion, compared to a growth of 29% a year ago. Yet again, Amazon's cloud business gave it a big boost. But the company also saw a windfall from its retail operations, particularly those in North America.

by | October 26, 2018 | 00:39

As The Guardian notes, the fine followed an investigation into accusations that "operating system updates for older phones slowed them down, thereby encouraging the purchase of new phones". Apple was handed a fine of €10 million, while Samsung will have to pay €5 million. The ACGM said both companies had been fined the highest possible amount reflecting the severity of their dishonest practices.

by | October 25, 2018 | 08:19

The rally was focused on the state's Senate race where Democrat Jacky Rosen is challenging the Republican senator now in office, Dean Heller. "This November's elections are more important than any I can remember in my lifetime, and that includes when I was on the ballot", Obama said at a Las Vegas political rally, reports Efe news.

by | October 25, 2018 | 07:26

The Whistle Stop will receive a $10,000 bonus for selling the winning ticket. The jackpot-winning ticket, winning $1.6 billion, was sold in SC. The magic numbers drawn Tuesday night were 5, 28, 62, 65, 70, and the Mega Ball was 5 . Sales reached almost $740 million during that time, lottery officials said. When it comes to the KC Mart, that is accurate. David Kramer, an attorney in Omaha, Nebraska, said he buys a lottery ticket when the jackpot soars for "the three days of ...

by | October 25, 2018 | 06:06

Texas Instruments, a major chipmaker, slumped 8.2 percent and AT&T fell 8.1 percent. The Nasdaq Composite Index tumbled 4.4 per cent on Wednesday, the most in more than seven years, erasing nearly $US33 billion ($47 billion) from the fortunes of technology's 61 richest people, according to the Bloomberg Billionaires Index.

by | October 25, 2018 | 06:33

Rouhani's comments came after US President Donald Trump on Tuesday called Saudi Arabia's account of Khashoggi's killing in Turkey as "the worst cover up ever" and revoked visas for Saudi agents suspected in the killing. Saudi Arabian Deputy Crown Prince Mohammed bin Salman attends the G20 opening ceremony on September 4, 2016, in Hangzhou, China. Also on Tuesday, Secretary of State Mike Pompeo announced that the USA has "identified at least some of the individuals responsible" for ...

by | October 25, 2018 | 06:10

There were also more than a dozen third-tier prize winners who won $10,000 or more . The big prize for Wednesday night's drawing is $ 620 million , or $354 million cash. Also, a $1 million Powerball ticket was sold in Ingham County, Michigan , according to a local news report . The North Dakota Lotto America is at $10.1 million, as of Sunday.

by | October 24, 2018 | 16:07

Crown Prince Mohammed bin Salman bears ultimate responsibility as de facto ruler of Saudi Arabia for the operation that led to the death of a Saudi journalist, US President Donald Trump has said. The whereabouts of Khashoggi's corpse still remain unknown. The 59-year-old vanished on October 2 after entering the Saudi mission to obtain documents for his wedding.

by | October 22, 2018 | 01:38

The victor might opt for the cash prize of more than $270 million, from which the federal government will take 25% right away, and more later. That's right. The Mega Millions jackpot has been growing since July, when a group of 11 California office workers won $543 million. The last time anyone won the Powerball was on August 11th in NY for $245 million.

by | October 18, 2018 | 01:33

Trump has previously said he does not want to halt a proposed $110 billion arms sale to Saudi Arabia - as some in Congress have suggested - because it would harm the U.S. Turkish government sources have said police believe the journalist was killed by a special team of 15 Saudi officials sent to Istanbul especially for the task.

by | October 17, 2018 | 18:08

The numbers drawn Tuesday night were 69, 45, 61, 3, 49, and the Mega Ball was 9. The jackpot has been growing since July, when a group of California office workers won $543 million. Tuesday's Mega Millions along with Wednesday's Powerball jackpot, which stands at $345 million, are worth more than a cool billion dollars . The Commonwealth's only Powerball jackpot winners hit a $217 million pot in 2013.

by | October 17, 2018 | 17:21

But the Saudis have faced intense criticism over the Khashoggi incident, which comes just after USA senators almost succeeded in cutting off support for Riyadh's air campaign against rebels in Yemen, which a United Nations report says has killed thousands of civilians.

by | October 17, 2018 | 18:00

Khashoggi was a former Saudi government advisor who reportedly went into a self-imposed exile in the United States in 2017 to avoid a possible arrest. On Sunday, the Saudi stock market dropped as much as 7% following President Trump's threats of "severe punishment", indicating that investors are spooked.

by | October 16, 2018 | 05:43

Already, worldwide business leaders are pulling out of the kingdom's upcoming investment forum, a high-profile event known as 'Davos in the Desert'. The market clawed back some of the losses, closing down 3.5 per cent for the day. Khashoggi, a journalist and regular columnist for the Washington Post , failed to emerge after entering the Saudi consulate in Istanbul on October 2.

by | October 15, 2018 | 10:13

In the US, White House economic adviser Larry Kudlow said Saudi Arabia should take Trump´s warning over the journalist´s fate seriously. Turkish officials told the Washington Post that they have audio and video recordings that show a Saudi security team detained Khashoggi in the consulate before killing him.

by | October 14, 2018 | 04:27

Still, oil traders generally agreed that the Iran sanctions are hitting harder than expected, with Jeremy Weir , chief executive officer of Trafigura Group Pte . "Oil prices have stabilized for the moment - between a real and a metaphorical storm", said Fiona Cincotta, senior market analyst at City Index. Oil prices fell on Tuesday [October 10, 2018] following the IMF's downward review of the global economic growth forecasts.

by | October 13, 2018 | 20:38

Still, Mr Trump said of Fed Chairman Jerome Powell, "I'm not going to fire him". "It's so tight. I think the Fed has gone insane", Trump told reporters as he arrived for a campaign rally ahead of the United States mid-term elections. The Fed raised interest rates last month, and is expected to do so again in December. Raising interest rates was justified "for those economies that are showing much improved growth, inflation that is picking up...

by | October 12, 2018 | 02:00

Amazon skidded 4.8 per cent to $1,781.21 (U.S.). "I think the Fed is out of control", the president said to reporters in the Oval Office. "The market is not necessarily going to take out much from the yield path", Goncalves said. Netflix shares fell by 6pc and have now fallen by 12pc in the last five days. In 1987, stocks dropped more than 20 percent on a single day-Black Monday, Oct.

by | October 12, 2018 | 02:16

If projections are true, then India would regain the tag of fastest growing major economies of the world, crossing China with more than 0.7 percentage point in 2018 and an impressive 1.2 percentage point growth lead in 2019. The US will also see its growth "decline" once its fiscal stimulus, delivered through wide-ranging tax cuts "goes into reverse" according to Mr Obstfeld.

by | October 11, 2018 | 01:56

Xu further added, "The trade war's impact on the economy is showing. This will likely only come when the negativity from US-China tensions and EM risks fades", said Jeff Ng, Asia chief economist at Continuum Economics. Yields on 3-year notes have recently traded just above 3.0 percent, providing long-absent competition for investment returns with equities. "The narrowing interest rate differentials between China and the U.S.

by | October 09, 2018 | 01:28

Two American researchers have been awarded the Nobel Prize for economics for studying the interplay of climate change and technological innovation with economics. Paul Romer was awarded the the 2018 Nobel Memorial Prize in Economics Sciences. Romer was the chief economist at the World Bank but left after 15 months following repeated run-ins with staff .

by | October 08, 2018 | 00:48

USA hiring cooled in September by more than forecast, wage gains eased slightly and the jobless rate fell to a 48-year low, illustrating a tight labour market as well as the impact of Hurricane Florence . The September jobs report was either noteworthy or disappointing, depending on how you look at it. The US unemployment rate fell to a 48-year low in September even after Hurricane Florence kept many Americans away from work.

by | October 07, 2018 | 03:06

Those remarks set the stage for a bitter struggle over trade, with Trump threatening to drop Canada from the regional trade pact altogether if it didn't yield to key USA demands. The US and Canada were under pressure to reach a deal by midnight on Sunday. "The number one export industry in the country is the auto industry", he said, adding that Trump's threat to impose 25 percent tariffs on Canadian automobiles and parts was also off the table.

by | October 07, 2018 | 02:15

Elon Musk has posted a tweet about the " Shortseller Enrichment Commission " doing incredible work. Musk has been open about his thoughts on investors who are betting against Tesla known as short-sellers. Both Tesla and the SEC did not respond to requests for comment by FOX Business. The settlement was announced on September 29, two days after Musk was charged .

by | October 06, 2018 | 14:07

After lowering sales tax/VAT charged on petrol following Centre's decision, Maharashtra government on Friday also reduced the diesel price by Rs 1.56 per litre. It is to be noted that the Maharashtra government has reduced the price of petrol only and not diesel. A 13 percent depreciation in the Indian rupee had only made fuel imports costlier.

by | October 04, 2018 | 01:59

Oil prices opened firmly on Monday, with Brent hovering close its highest in almost four years ahead of USA sanctions against Iran that kick in next month. U.S. West Texas Intermediate (WTI) crude futures were at 73.57 dollars a barrel. The global crude oil benchmark lost 37c to $84.61 a barrel by 12pm GMT after reaching a new four-year high of $85.45 in the previous session.

by | October 04, 2018 | 01:01

The climb in oil prices comes even as Saudi Arabia reported , according to Reuters, that its oil production is near a record. US President Donald Trump told his supporters that Saudi Arabia and its king would not last two weeks in power without American support.

by | October 03, 2018 | 03:14

But several experienced litigators said Monday that, while the DOJ probe is separate, the SEC's settlement could mark the end of official action against Tesla and Musk. Tesla's own ability to further accelerate that transition will be tested in coming months by the success of the company's Tesla 3 deliveries this last quarter and the current one just started.

by | October 03, 2018 | 01:49

The move will benefit 250,000 workers in the USA, 17,000 in the United Kingdom and tens of thousands of seasonal workers. As a result, more than 250,000 of Amazon's USA workers, as well as the 100,000 seasonal employees it plans to hire for the holidays, will be getting a pay raise.

by | October 02, 2018 | 02:16

Because of the high-stakes nature of the issue, analysts say the latest move by the government may even wind up before the Supreme Court. The new California law is sweeping in its scope . "You can not send packets of data to my family in California without traversing a number of states". In response to the new California law, Attorney General Jeff Sessions said "states do not regulate interstate commerce - the federal government does".

by | October 02, 2018 | 02:21

Investors anxious that heralded a long-drawn out fight with the regulator that would see Tesla lose its talismanic leader, undermine its ability to raise capital and cripple operations as it ramps up production of its crucial Model 3 sedan.

by | October 01, 2018 | 03:51

White House trade adviser Peter Navarro on Sunday said everyone involved was working in good faith and reiterated the Sunday deadline. Among other things, the negotiators are battling over Canada's high dairy tariffs . Canada's Liberal government says it does not feel bound by the latest NAFTA deadline, and it repeated on Friday that it would not bow to US pressure to sign a quick deal.

by | September 30, 2018 | 01:56

And some billionaires, especially ones who are named Elon Musk , maybe shouldn't be in charge of public companies. In a report published earlier today, the network said the SEC agreement was a slap on the wrist as it wouldn't force Musk to admit guilt and only required him to pay a "nominal fine".

by | September 29, 2018 | 05:25

Musk has hired to defend him in this case former assistant US attorney Chris Clark of Latham & Watkins and Stephen Best at Brown Rudnick, who successfully defended internet billionaire Mark Cuban in an insider trading case, according to people familiar with the plans who asked not to be identified.