Finance

Back to work for Canada Post employees

Back to work for Canada Post employees Postal workers occupied Postal Depot 5, as well as all others in London, Ont., including the Highbury Avenue plant, in protest of back-to-work legislation proposed by the federal government. Canada Post said Monday that the backlog of mail and parcels is "severe" and expected to "worsen significantly" once online orders from Black Friday and Cyber Monday sales are processed. [Full Article...]

Microsoft's Stock Market Cap Briefly Surpasses Apple's

Microsoft's Stock Market Cap Briefly Surpasses Apple's Microsoft's market cap value temporarily grew past that of Apple's yesterday, making the tech giant from Redmond the most valuable company in the world. Apple's valuation has been in a freefall since passing the $1-trillion mark in August , and shares have fallen 22 percent after the issuance of relatively weak first-quarter guidance and despite Cupertino's Q4 earnings beat. [Full Article...]

Deutsche Bank offices raided in connection with Panama Papers

Deutsche Bank offices raided in connection with Panama Papers The Panama Papers are a trove of documents from a law firm that handled shell companies for thousands of the rich and powerful around the world. The investigation is separate from another money laundering scandal surrounding Danish lender Danske Bank , where Deutsche Bank is involved. [Full Article...]

NASDAQ Announces Bitcoin Futures For 2019

NASDAQ Announces Bitcoin Futures For 2019 Nasdaq's entry into the market is due to increasing demand from institutional investors form U.S Market. "Gurbacs is sure that this approach, will inspire confidence with regulators and organizations trying to get into the cryptocurrency market". [Full Article...]

Crude Prices Bounce Back as Saudi Posts Record Output

Crude Prices Bounce Back as Saudi Posts Record Output On Tuesday, oil prices plummeted, as U.S. President Donald Trump reaffirmed Saudi Arabia as "a great ally" and signaled it won't punish Saudi crown prince over journalist Jamal Khashoggi's killing. There was no settlement on Thursday due to the U.S. Thanksgiving holiday. On Friday, oil prices tumbled, as the market has been overwhelmed by persistent fears over supply gluts. [Full Article...]

GM Plant In Oshawa Closing With Thousands Of Jobs On The Line

GM Plant In Oshawa Closing With Thousands Of Jobs On The Line We've known for some time that North American consumers just aren't buying sedans much anymore, especially not North American ones. "I think GM is just trying to sort of get ahead of what it sees as an inevitable downturn". Oshawa now makes the Impala, a model which some suspect is headed for extinction. "GM didn't build #Oshawa". "The ones that are sole-sourced to the plant, you know, who've ... [Full Article...]

Stocks surge on hint of slower rate hikes

Stocks surge on hint of slower rate hikes Trump has called the Fed "crazy" and "ridiculous". But markets were focused less on such subtleties than on what Powell's assessment of where rates are means for the future path of rate hikes. Investors might, for example, question whether the Fed would feel free to keep raising rates, if it felt it necessary to control inflation. Its monetary policy is effectively created to lean against an eco... [Full Article...]

China's Xi to send special envoy to Mexican presidential inauguration

China's Xi to send special envoy to Mexican presidential inauguration The US president also said that it is " highly unlikely " that Washington would delay a scheduled January tariff increase unless another trade deal is agreed upon. Mr Kudlow said Mr Trump told his advisers that "in his view, there is a good possibility that a deal can be made, and that he is open to that". "And if it's not made, we will be taking in billions and billions of dollars", said Trump. [Full Article...]

Pub employment on the rise despite closures, says new ONS report

Pub employment on the rise despite closures, says new ONS report Disappearing small pubs - those with fewer than 10 staff - underpin a wider trend that has seen the overall number of watering holes decline. This was largely driven by rural pubs, where employment was up 24%, whereas hiring at urban pubs was down 2%. [Full Article...]

GM Closing Lordstown Plant In 2019, Cutting Thousands Of Jobs

GM Closing Lordstown Plant In 2019, Cutting Thousands Of Jobs GM (GM) stock declined more than 3% and fell to session lows on the comments. The GM CEO met with Kudlow at the White House on Monday shortly after announcing plans to shutter five factories in the USA and Canada and lay off about 14,000 employees. [Full Article...]

Donald Trump warns China he won't back down on trade tariffs

Donald Trump warns China he won't back down on trade tariffs Trump said the next round of tariffs could also be placed on laptops and Apple Inc's iPhones imported from China , which are part of that $267 billion list of goods not yet hit by tariffs. In September, Washington slapped 10 percent duties on $200bn in imports from China in an effort to get Beijing to reverse alleged unfair trade practices, such as the forced transfer of intellectual property ... [Full Article...]

Microsoft temporarily surpassed Apple to become the world's most valuable company

Microsoft temporarily surpassed Apple to become the world's most valuable company Apple shares fell 1.77 per cent in extended trade after US President Donald Trump told The Wall Street Journal that tariffs could be placed on laptops and mobile phones imported from China. Yet now, that very product is among the the challenges facing Apple, with concerns over weak iPhone demand pressuring shares to fall 25 percent from record levels. [Full Article...]

Malfunctioning ATM in Texas dispenses $100 bills instead of $10 bills

Malfunctioning ATM in Texas dispenses $100 bills instead of $10 bills The incident went on for several hours, with police being called to the area to disperse the crowd and guard the ATM until it was deactivated . The malfunctioning ATM was dispensing $100 bills instead of $10 bills, witnesses told ABC News Owned Station KTRK . [Full Article...]

Brexit deal approved by European Union leaders today

Brexit deal approved by European Union leaders today But Labour leader Jeremy Corbyn said the Commons would have "very little choice" but to reject Mrs May's "botched" deal, which he described as "bad for this country". She faces tremendous opposition. "Even if the deal is implemented, there will continue to be uncertainty about the precise shape of the future relationship beyond the transition period ending on 31 December 2020", they added. [Full Article...]

Trump tells GM to put 'something else' in Ohio

Trump tells GM to put 'something else' in Ohio The United Auto Workers union, which represents employees at GM's USA factories, said in an emailed statement that it will challenge GM's decision through legal, contractual, and collective bargaining means. He said the decision to halt sales of the Chevrolet Cruze had "nothing to do with tariffs" but was because of poor sales. Senator Sherrod Brown, an Ohio Democrat, lambasted GM's move as "c... [Full Article...]

Renault-Nissan leaders to meet over Ghosn's outsing

Renault-Nissan leaders to meet over Ghosn's outsing It follows a similar move by Nissan last week amid claims he falsely understated his salary and used company money for personal gain. Japanese broadcaster NHK reported that Ghosn denied the allegations against him. Ghosn was arrested for allegedly underreporting his remuneration in securities reports by around ¥5 billion ($44 million) for five years through fiscal 2014. [Full Article...]

General Motors to close Canadian factory, putting 3000 jobs at risk

General Motors to close Canadian factory, putting 3000 jobs at risk Just a short while later, Valley lawmakers and state officials began reacting to the news that at least temporarily GM Lordstown will close its doors. "I once again urged GM to make a commitment to bring a new product to the plant, especially since GM is proposing to build a number of new electric vehicles", Senator Portman said . [Full Article...]

Cyber Monday Brings Hope for a Rally in Retail Stocks

Cyber Monday Brings Hope for a Rally in Retail Stocks If you need non-electronics stuff, this Target Cyber Monday sale is the realness. The discount will be applied to both regularly priced and sale items. It's not a direct discount like Target's deal, but if you shop at Kohl's frequently, it can really pay off. Here are the models that you'll want to consider buying. [Full Article...]

General Motors To Lay Off Nearly 15,000 Workers, Close Plants

General Motors To Lay Off Nearly 15,000 Workers, Close Plants Shares of GM, the largest automaker in the US which sells the Chevrolet, Buick, Cadillac and GMC brands, rose almost 6 percent on the news to $37.93 in midday trading Monday. Even as GM is moving to lay off salaried staff, the company is hiring. Trading in GM, which was halted just before the announcement, has since resumed. [Full Article...]

This is the most popular day to buy a real Christmas tree

This is the most popular day to buy a real Christmas tree But due to an ongoing tree shortage, officials said they had to change the vendors they use to bring the trees to their lot. The Poland Township Tree Farm suggests if you want a live tree to cut your own so that you know it's fresh. And while some may think that you can find the flawless tree in a box as well, according to Reese the most environmentally friendly option is to get it at a farm. [Full Article...]


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