Finance

China gives its slowing economy a new shot in the arm

China gives its slowing economy a new shot in the arm In addition, the PBOC launched an innovative monetary policy tool called the targeted medium-term lending facility (TMLF) to provide stable funds to commercial banks. "This may in part be a reaction to the bad PMI data and the equity market sell-off we have seen", said Michelle Lam, a greater China economist at Societe Generale SA in Hong Kong . [Full Article...]

McDonald's and Greggs clap back at Piers Morgan's vegan tweets

McDonald's and Greggs clap back at Piers Morgan's vegan tweets The bakers' website says: "Our new vegan friendly sausage roll has been created to mirror some of the sausage roll's classic features including 96 layers of light and crisp puff pastry, but instead we wrap it around our own bespoke Quorn filling". [Full Article...]

Polestar 2 Aims To Take On Tesla Model 3

Polestar 2 Aims To Take On Tesla Model 3 Few details are known about the Polestar 2, but it is expected to have a driving range of around 400 kilometres. The vehicle is a small sport sedan to rival the Tesla Model 3 , and Polestar says it will offer 300 miles of range and 400 horsepower. [Full Article...]

Marriott says hack was smaller but hit 5.25m passports

Marriott says hack was smaller but hit 5.25m passports While the passport numbers would be considered sensitive personal information that should not be made public, the numbers and names of guests alone would not be enough for a criminal to create a forged passport. Marriott now believes that the number of potentially involved guests is lower than the 500 million the company had originally estimated . They go on to say that there is no evidence tha... [Full Article...]

Apple blames revenue slump on slowing Chinese economy as iPhone sales slow

Apple blames revenue slump on slowing Chinese economy as iPhone sales slow Starbucks unveiled plans to open a new coffee shop in China every 15 hours on average. After Apple's first revenue warning in almost 12 years, investors also dumped chipmakers and tech stocks and flocked to perceived safe havens like U.S. [Full Article...]

Construction growth slows as Brexit delays building projects

Construction growth slows as Brexit delays building projects New export business also rose at a solid pace . Additionally, panellists stated they had experienced improved export demand from the United Kingdom and the Middle East. The S&P 500 stock index in December had its worst month since February 2009. However, despite December's increase in manufacturing activity, the average PMI reading in the fourth quarter of 2018 was the weakest since the third... [Full Article...]

Settlement waives more than $850000 in Idaho student debts

Settlement waives more than $850000 in Idaho student debts As part of a settlement filed by 49 state attorneys general, CEC will provide over $493.7 million in debt relief to more than 179,000 students nationally. On October 16, a federal judge rejected a challenge to the Borrower Defense Rule , ordering its immediate implementation for students nationwide. "As a result of this settlement, people that have outstanding student debt that was obtained t... [Full Article...]

Man Who Attacked Black McDonald's Employee Arrested

Man Who Attacked Black McDonald's Employee Arrested Police say the man, identified as Daniel Taylor , 40, was charged with two counts of simple battery. James says that although she was not physically hurt, she was emotionally hurt when she was left to defend herself. St. Petersburg Police then arrested Taylor, a homeless man after watching the video made by the witness and said the accused seemed to be under the influence of alcohol, reporte... [Full Article...]

Vancouver's single family and condos assessments are down

Vancouver's single family and condos assessments are down Commercial and industrial properties saw an increase of between 10 and 20 per cent across most of the province, with some markets around Metro Vancouver increasing by up to 30 per cent. Eilers said new mortgage "stress tests" brought in by the federal government have had a huge impact on both first-time buyers and those already holding mortgages who want to move up in the housing market. [Full Article...]

Saudi Arabia may cut February heavy crude prices to Asia - Reuters survey

Saudi Arabia may cut February heavy crude prices to Asia - Reuters survey Surging shale output has helped make the United States the world's biggest oil producer, ahead of Saudi Arabia and Russian Federation. OPEC, Russia and other non-members agreed in December to reduce supply by 1.2 million barrels per day (bpd) in 2019. [Full Article...]

More people moved out of this state than any other in America

More people moved out of this state than any other in America Last year, about 24 percent of outbound moves from IL were due to retirement, but 46 percent were for a job and another 22 percent were for family reasons, according to the United Van Lines survey. The Mountain West and South regions saw high percentages of inbound moves. IL remains one of the top USA states residents are leaving, according to three moving companies. [Full Article...]

US Dollar Index turns negative on dovish Powell

US Dollar Index turns negative on dovish Powell He added: "We're listening with sensitivity to the message that markets are sending and we're going to be taking those downside risks into account as we make policy going forward". Fed watchers have said that the bar is very high for the president to remove Powell "for cause" as the law appears to require, provided Powell decides to fight the dismissal in court. [Full Article...]

Qualcomm shells out billions to uphold Apple's German iPhone ban

Qualcomm shells out billions to uphold Apple's German iPhone ban The ban also forces Apple to pull the infringing iPhone models from third-party German stores. The judgment is immediately enforceable once Qualcomm posts bonds covering potential damages incurred by Apple should the judgment be overturned or amended on appeal. [Full Article...]

Tuna sells for record €2.7 million in Japan's New Year fish market

Tuna sells for record €2.7 million in Japan's New Year fish market A bluefin tuna fetched a record 333.6 million yen ($3.1 million) at the first New Year's auction held at Tokyo's Toyosu fish market following the market's relocation from nearby Tsukiji last year. The previous site at Tsukiji opened in 1935 and became the world's biggest fish market and a popular tourist attraction. But the Japanese government, together with other countries, is backing plans to ... [Full Article...]

L.A. Sues IBM's Weather Company over 'Deceptive' Weather Channel App

L.A. Sues IBM's Weather Company over 'Deceptive' Weather Channel App LA City Attorney Mike Feuer, the LA official behind the lawsuit, said TWC allegedly sends user location information to affiliates of its parent company, IBM , and other third parties for advertising and other commercial purposes, in many cases unrelated to weather forecasts. [Full Article...]

'No words.' Officers mourn burned up Krispy Kreme truck

'No words.' Officers mourn burned up Krispy Kreme truck Other commenters online noted the doughnuts were really "krispy" after the box truck fire. No one was hurt during the fire, which destroyed the truck. "We hope you like sprinkles". Police departments are showing their support for officers in Lexington, Ky . after a devastating loss . The South Dakota Highway Patrol replied with a photo of a Krispy Kreme truck overturned in the snow. [Full Article...]

Powell tells markets Fed is flexible and aware of risks

Powell tells markets Fed is flexible and aware of risks Both of those messages cheered stock market investors who had been anxious about Trump's repeated attacks on his hand-picked choice to lead the nation's central bank and also the Fed's seemingly inexorable march to higher rates. The head of the Fed, once confirmed by the Senate, can only be removed "for cause", not a policy disagreement. Powell's remarks reassured investors who have anxious the ... [Full Article...]

How Will the Government Shutdown Affect Tax Returns in 2019?

How Will the Government Shutdown Affect Tax Returns in 2019? Nearly 90 percent of the people who work for the Internal Revenue Service are not at their jobs because of the shutdown. The partial government shutdown may significantly delay tax refunds from the IRS. But any gap in individuals not receiving money they're owed will only intensify pressure on Trump and lawmakers to strike a deal quickly. Those who need the refunds the most are also usually ... [Full Article...]

Tim Cook will host meeting for all Apple employees to talk iPhone

Tim Cook will host meeting for all Apple employees to talk iPhone President Donald) Trump , but mostly he may be using the trade turmoil as an excuse for some missteps they've made over the previous year". The broader S&P 500 was also up about the same in percentage terms to 2,535, while the technology-laden Nasdaq was even hotter, up by more than four per cent. [Full Article...]

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade One is the earlier launch of the iPhone XS and iPhone XS Max compared with that of the iPhone X. Cook also cited the strength of the US dollar and supply constraints because of the many products Apple this fall. It's too early to say whether the trade-in program will help Apple attract new users. "China is the biggest beneficiary of Apple . because they build their product mostly in Chi... [Full Article...]


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