Finance

Sears to close store at Fox River Mall

Sears to close store at Fox River Mall Lampert had a plan to save Sears by combining it with Kmart, which ESL bought out of bankruptcy after the discount store's 2002 bankruptcy filing. The company says the latest round of cuts comes with liquidation sales expected to begin in two weeks. [Full Article...]

Ohio's minimum wage to increase in 2019

Ohio's minimum wage to increase in 2019 The state's minimum wage is set to rise over the next five years starting with a jump to $12 an hour this January, up from $11. In addition, 57 percent are men and 42.1 percent are women. For the rest of the state, the minimum rises to $11.10 on December 31 and will reach $12.50 at the end of 2020. In coordination with the increase, the New York State Department of Labor will release a multimedia ... [Full Article...]

Govt tightens e-comm policy to check misuse by online players

Govt tightens e-comm policy to check misuse by online players However, this is no longer the case under the new guidelines, which keeps companies from setting up exclusive agreements with local sellers as they have done so in the past. " Cash back provided by group companies of marketplace entity to buyers shall be fair and non-discriminatory". Services include fulfilment, logistics, warehousing, advertisement, payments, and financing among others. [Full Article...]

Dow Jones surges more than 1000 points

Dow Jones surges more than 1000 points Advancing issues outnumbered declining ones on the NYSE by a 4.84-to-1 ratio; on Nasdaq , a 3.80-to-1 ratio favored advancers. Energy companies as well as internet and social media companies also fell sharply. Many investors have been unnerved by a variety of factors, including the partial US government shutdown , the US-China trade war and Trump's ongoing criticism of Fed Chair Powell. [Full Article...]

Cell Phone Calls In Massachusetts Affected Briefly By CenturyLink Outage

An emergency alert message was sent to my Android smartphone on Thursday evening. As of 8 a.m., technical issues with the 911 system were resolved, Procopio said . Cellphone 911 services in parts of western Washington state were also impacted. Wireless callers with an emergency should try dialing 911 first, officials said. [Full Article...]

This fake Alexa app made it to Apple’s Top 10

This fake Alexa app made it to Apple’s Top 10 While in-house products like Amazon Fire TV , Fire Tablet and Kindle products were best sellers for the tech giant, it also reported that more than 50% of the products it sold this holiday season were from small to medium-sized businesses selling on the site. [Full Article...]

White House: Fed Chairman Job Is Safe

White House: Fed Chairman Job Is Safe In the center of his criticism of the Central Bank, the Federal Reserve (Fed) increased the interest rates, having regard to the economic data slowly, but steadily. "They don't have a feel for the market, they don't understand necessary trade wars or strong dollars or even Democrat shutdowns over borders". Trump says he has confidence in Mnuchin, calling him a "very talented guy" and a "very sma... [Full Article...]

Asian markets battered as United States stocks continue to slide

Asian markets battered as United States stocks continue to slide The broad-based S&P 500 also surged five percent to 2,467.70, while the tech-rich Nasdaq Composite Index advanced 5.8 percent to 6,554.36. As the market opened, the Nikkei index quickly fell below the psychologically important 20,000 line - the first drop below the line in 15 months - tracking a almost 3-percent tumble overnight in the Dow Jones Industrial Average to its lowest level in 15 mon... [Full Article...]

Newsflash: Dow Futures Plunge after Wednesday’s Record Stock Market Rally

Newsflash: Dow Futures Plunge after Wednesday’s Record Stock Market Rally On Monday the Dow was off 18.8% from its October high , while the S&P had fallen 19.8% from its record. After strong holiday sales report from Mastercard on Wednesday, investors will watch for the consumer confidence data due at 10:00 a.m. [Full Article...]

Tesla set to introduce the new Model Y EV next March

Tesla set to introduce the new Model Y EV next March With Musk stating that it is no longer a big deal for Tesla to produce 5,000 Model 3 per week at this point, though, the time appears to have finally come to start delivering the vehicle to other markets. However, with Tesla struggling to fulfill some vehicle orders in a timely fashion, Musk said the company will make up the difference for any delayed shipments. [Full Article...]

Oil prices surge as U.S. equities soar

Oil prices surge as U.S. equities soar OIL in London fell below $50 a barrel for the first time since July 2017 as broader financial market turmoil and worries over U.S. supply countered signs the Opec + coalition may extend or deepen output cuts. USA rough CLc1 was up 74 pennies at $43.27. Meanwhile, WTI crude oil futures rose 7.1% to $45.5 per barrel and Brent crude was up 6.5% to $53.7 per barrel on Wednesday. [Full Article...]

Last Minute Shoppers are still Christmas Shopping

Last Minute Shoppers are still Christmas Shopping For shoppers here in Kohl's , they're relieved the store remained open for just a few more hours before Christmas. Most locations will be open Christmas Eve but may close 1 or 2 hours early. "There's been some insane days when it was really busy in the stores and on the streets too", said one shopper. On Christmas day, grocery shopping will be a bit tougher, but still not impossible. [Full Article...]

Mega Millions drawing could deliver biggest Christmas lottery gift ever

Mega Millions drawing could deliver biggest Christmas lottery gift ever Although no one was able to win the $321 million prize, there were two lucky winners who won the one million dollar prize after matching all five numbers, according to the website . Virgin Islands. The biggest-ever Mega Millions prize, $1.537 billion, went to the holder of a single ticket in a drawing on October 23. The estimated cash option for the Powerball is $177.6 million. [Full Article...]

Wall Street banks reassure US Treasury amid big market falls

Wall Street banks reassure US Treasury amid big market falls A statement from the treasury divulged details of Mr Mnuchin's discussions with the top U.S. banks - a rare step for the department. US President Donald Trump took to Twitter Monday to lash out at the Federal Reserve, saying it's the "only problem" with the US economy. [Full Article...]

OPEC Prepared To Call 'Extraordinary Meeting' As Oil Falls

OPEC Prepared To Call 'Extraordinary Meeting' As Oil Falls President Trump would not want to see WTI falling further to support U.S. shale industry", said Kim Kwang-rae, a commodity analyst at Samsung Futures in Seoul . are developing offshore Guyana. "Brent has managed to break 55.00 $/bbl at the end of last week, the short-term momentum is negative", Petromatrix strategist Olivier Jakob said. [Full Article...]

High-street retailers treat shoppers to early Boxing Day sales

High-street retailers treat shoppers to early Boxing Day sales However, most Metro stores will be closed. The last day for Prime free one-day shipping is Sunday, December 23. Many stores are also likely to open slightly later on New Year's Day but it is worth checking with your local store if you need some early morning supplies that day. [Full Article...]

Is Publix Open on Christmas Eve & Christmas 2018 Near Me?

Is Publix Open on Christmas Eve & Christmas 2018 Near Me? Costco: Closes at 5 p.m. Christmas Eve and closed Christmas Day . Whole Foods Markets will be open until 7 p.m. on Christmas eve . Smith's: Open on Christmas Eve . On Boxing Day select stores will be open from 10 a.m.to 6 p.m. In a real bind, small convenience stores including Wawa, 7-Eleven and Cumberland Farms will also be open on Christmas day . [Full Article...]

Expect $80 Brent Next Year

Expect $80 Brent Next Year Citigroup, for its part, is in the middle: the investment bank does not expect huge changes in oil prices next year as rising production in the USA would offset the OPEC+ cuts . US West Texas Intermediate (WTI) crude futures rose 45 cents, or 1 percent, to $46.34 per barrel. Oil's poised for its biggest weekly drop in a month on concerns of weakening growth and doubts over whether the OPEC+ c... [Full Article...]

Jennie-O Turkey Store recalls 164,000 pounds of ground turkey products

Jennie-O Turkey Store recalls 164,000 pounds of ground turkey products Department of Agriculture. A total of seven products were affected by the recall: Jennie-O Ground Turkey 93% Lean, 7% Fat, stamped with the use or freeze-by dates of November 12, 2018 and November 13 2018; 1lb servings of Ground Turkey 93% Lean, 7% Fat, with the use or freeze-by date November 12, 2018 were also affected. [Full Article...]

US Shoppers To Continue Shopping Right Up To Christmas Eve: NRF

US Shoppers To Continue Shopping Right Up To Christmas Eve: NRF The Veiner Centre will be open until 2 p.m. on Christmas Eve , while the Family Leisure Centre will be open until 4 p.m., before closing on Christmas Day , and reopening from noon-5 p.m. Post offices and banks will be closed Christmas Day . The Hood River News office will be closed at noon on December 24 and all day on December 25, and at 3 p.m. [Full Article...]


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