Finance


Senate Confirms Powell as Federal Reserve Chair Senate Confirms Powell as Federal Reserve Chair
- January 25, 2018

The potential for financial deregulation advocated by the Trump administration prompted the most pointed opposition to Powell, a former executive at the Carlyle Group private equity firm whose credentials as Fed chair are rooted in his understanding of markets. (more...)
German nurse who enjoyed 'resuscitating patients' charged with 97 murders — Niels Hoegel German nurse who enjoyed 'resuscitating patients' charged with 97 murders — Niels Hoegel
- January 24, 2018

He was first sentenced in 2008 to seven and a half years in prison for attempted murder , before being handed a life sentence in 2015 for six counts of murder. Hoegel, Fox News reports. However, it is likely to challenge his likelihood of parole, which generally is considered after 15 years for prisoners serving a life sentence. (more...)
Bank promises lifeline to firms hit by Carillion collapse Bank promises lifeline to firms hit by Carillion collapse
- January 22, 2018

The government has set up a task force with the intent of supporting workers and businesses that have been affected by the collapse of the construction and outsourcing company Carillion . Available now, the fund is for small businesses in Carillion's supply chain that "may now be experiencing financial difficulty". The policy would see a Labour Government applying strict conditions to local authorities and Whitehall departments that would dramatically cut the use of private-sector ... (more...)
Amazon raises monthly Prime rate by 18% Amazon raises monthly Prime rate by 18%
- January 20, 2018

Amazon doesn't provide exact membership numbers or break down the share of monthly versus annual subscribers. While Amazon hasn't confirmed exactly how many Prime customers it has, its estimated somewhere between 65 million and 80 million globally . (more...)
Brazel Fires In Abu Dhabi Brazel Fires In Abu Dhabi
- January 20, 2018

Defending Abu Dhabi champion Tommy Fleetwood celebrated his 27th birthday and stayed within two shots of the lead while winning his threeball with Rory McIlroy and Dustin Johnson. The Northern Irishman, one of the HSBC's Future Falcons, carved his coloured golf ball with a 3-wood toward a back-right pin, about 25 feet away, closer than both Johnson and Fleetwood. (more...)
HK democracy activists sentenced to prison for contempt HK democracy activists sentenced to prison for contempt
- January 19, 2018

Ahead of the hearing, Joshua Wong - who became the teenage face of the Umbrella Movement - said he had "no regrets" about his involvement. Wong, 21, and another defendant were immediately taken into custody at Hong Kong's High Court, while 14 others, including another prominent former student leader , Lester Shum, received suspended sentences. (more...)
Emerging technologies drive more risks than firms can protect against Emerging technologies drive more risks than firms can protect against
- January 18, 2018

Cybersecurity was at the centre of concern for the almost 1,000 experts who provided feedback. Along with extreme weather and natural disasters, other environmental threats near the top of the ranking include a failure to manage climate change and biodiversity loss. (more...)
United Kingdom inflation declined to 3% in December 2017 United Kingdom inflation declined to 3% in December 2017
- January 17, 2018

The inflation rate dipped to 3 percent in December after reaching a six-year high 3.1 percent in November. Inflation has rocketed from 0.5 per cent since the Brexit vote in June 2016 largely as a result of the 20 per cent fall in the pound against the dollar; this has brought misery for households as prices overtook pay. (more...)
Now, Gujarat too bans release of 'Padmaavat' Now, Gujarat too bans release of 'Padmaavat'
- January 15, 2018

Times of India reports a government official saying, "Now that the filmmaker has incorporated the changes suggested by the Censor Board, I see no reason why the release of the film should be stopped". The film features Deepika Padukone as Rani Padmini, Shahid Kapoor as Maharawal Ratan Singh and Ranveer Singh as Sultan Alauddin Khilji. Earlier this month, the movie was has been cleared for release by the CBFC with a U/A release certificate post the incorporation of only 5 modifications. (more...)
Mystery around U.S. military's secret satellite launch by SpaceX deepens Mystery around U.S. military's secret satellite launch by SpaceX deepens
- January 14, 2018

Contracts of this nature can be extremely lucrative, meaning that this could be a large setback for Musk's space exploration company. SpaceX now targets 5 p.m.to 10 p.m. The GovSat 1 satellite is set to launch on the next Falcon 9 rocket mission. To viewers of the live stream, the launch seemed like a success. Langbroek wrote in a blog post that he believes the image shows the Falcon 9's upper stage dumping excess propellant after a de-orbit burn to drive it back into Earth's atmosphere. (more...)
Wal-Mart boosts starting wages, pays bonus, expands benefits Wal-Mart boosts starting wages, pays bonus, expands benefits
- January 12, 2018

The average wage was $13.56 for regular, full-time hourly associates in Walmart's discount stores, supercenters and neighborhood markets. Walmart on Thursday responded to recently passed tax reform that reduced the corporate tax rate to 21 percent, announcing its plans to raise the company's starting wage, give employees one-time bonuses, and expand maternity and parental leave benefits. (more...)
Sainsbury - Record sales, but challenges remain Sainsbury - Record sales, but challenges remain
- January 11, 2018

The supermarket group, which also owns Argos , was lifted by growth in grocery and clothing sales though general merchandise revenues were down for the 15 weeks to 6 January, in what was described as a "challenging" market. Mr Coupe said the company was pleased with the performance, adding it saw a boost from both its premium lines and cut-price offers. Overall, grocery sales grew 2.3 per cent, while online grocery sales surged 8.2 per cent and convenience sales posted a 7.3 per cent gain. (more...)
Dems Voted for Barriers Twice in Past, But Blocking Trump's Wall — WashPost Dems Voted for Barriers Twice in Past, But Blocking Trump's Wall — WashPost
- January 07, 2018

The Democrats want to make DACA the focus of January's negotiations around funding the government, and Trump sees this as the ideal moment to throw in his border wall gambit. "With this demand, he seems to be heading in that direction", Durbin said in a statement . The requests complicate already strained negotiations between Republicans and Democrats. (more...)
Batten down the hatches! Status orange Storm Eleanor arrives today Batten down the hatches! Status orange Storm Eleanor arrives today
- January 03, 2018

Met Éireann predicted counties such as Dublin, Carlow, Kildare, Laois, Longford, Louth, Wicklow, Offaly, Westmeath, Meath, South Galway, Clare, Limerick and Tipperary would be especially affected by the storm, which has been named Eleanor. (more...)
Hoda Kotb officially replaces Matt Lauer as Today show co-anchor Hoda Kotb officially replaces Matt Lauer as Today show co-anchor
- January 03, 2018

Kotb joined " TODAY " in 2008 as a co-host of the show's fourth hour, a role that she will continue to fill, and has been a frequent substitute in the program's anchor chair for a number of years. "I think that we should send some medics to Alexandria, Va., where my mom has likely fainted". Kotb joined NBC News in 1998 as a Dateline NBC correspondent, after working in local news in New Orleans. (more...)
United States airport immigration computers go down temporarily United States airport immigration computers go down temporarily
- January 02, 2018

Denver International Airport reported the "brief customs processing issue has been resolved". Travellers who were at the John F. Kennedy International Airport in NY and Miami International Airport in Florida took to social media to share photographs of long queues at the airports. (more...)
Northwestern Outlasts Kentucky In Music Bowl Thriller Northwestern Outlasts Kentucky In Music Bowl Thriller
- January 01, 2018

Johnson built a reputation for toughness all season, then backed it up one final time in a Wildcats uniform by almost willing Kentucky back from two 10-point deficits. It would have set up a field goal attempt but the United Kingdom sideline was flagged for complaining to the officials pushing them too far away for an attempt. (more...)
Bitcoin price tumbles after South Korea joins cryptocurrency crackdown Bitcoin price tumbles after South Korea joins cryptocurrency crackdown
- December 30, 2017

As a part of this crackdown, South Korean regulators will close down anonymous accounts next month. The government in a bid to cool bitcoin speculation on Thursday announced that all cryptocurrency transactions must be done using real-name bank accounts. (more...)
Katrina overwhelmed by the success of Tiger Zinda Hai Katrina overwhelmed by the success of Tiger Zinda Hai
- December 30, 2017

Tiger Zinda Hai , which is the last biggest release of the ongoing year 2017 has made Christmas merrier for Bollywood by creating waves at the Box Office. Have you watched Tiger Zinda Hai yet? But after earning Rs 35.30 crore , Salman's film has claimed the third highest day 2 collection ever. The film has crossed Golmaal Again business of Rs 206 crore net approx in the first seven days itself. (more...)
January starts with wolf supermoon, ends with supermoon lunar eclipse January starts with wolf supermoon, ends with supermoon lunar eclipse
- December 30, 2017

And in this case, it's also a supermoon , the name given to a full moon that arrives when the moon happens to be at or near the part of its orbit closest to Earth. The flawless time to encounter the Full Moon Supermoon is after moonrise when it is just above the skyline. The full moon that occurs at this time in the year is nicknamed the Frost Moon due to Native American traditions or the Moon Before Yule as it is the last full moon of the season. (more...)
Apple CEO Tim Cook's Annual Pay Jumps 47% to $12.8 Million Apple CEO Tim Cook's Annual Pay Jumps 47% to $12.8 Million
- December 29, 2017

This year, Apple saw a major rebound across almost all of its categories. For the first time , Cook ran up a US$93,109 bill for traveling on private aircraft on trips not related to business. Tim Cook will get paid $12.8 million which is 46% more compared to that of the a year ago. In fiscal 2017, Apple CEO Tim Cook raked in a salary of $3.06 million plus $9.33 million in bonuses and stock worth $89.2 million, taking the total compensation package to about $ 102 million , according ... (more...)
Miss America President Reportedly Resigns After CEO's Vulgar Emails Surface Miss America President Reportedly Resigns After CEO's Vulgar Emails Surface
- December 26, 2017

Leaked emails show Haskell allowed or participated in discussions of former pageant winners where their sex lives and weight were derided; 2013 Miss America victor Mallory Hagan (pictured above, at the 2013 GLAAD Awards) received the lion's share of criticism. (more...)
5G is one step closer as first specification confirmed 5G is one step closer as first specification confirmed
- December 24, 2017

And that is something worth celebrating this holiday season! At the Workshop, over 500 companies, including Qualcomm , contributed 70+ presentations on visions for 5G requirements. But what do "Non-Standalone" and "Standalone" actually mean? The US-based carrier company has announced that their 2.5GHz spectrum band has passed the Non-standalone 5G New Radio specification. (more...)
$1200 gold coin dropped in Salvation Army red kettle $1200 gold coin dropped in Salvation Army red kettle
- December 23, 2017

This year's haul of donations to the Salvation Army in Beloit is up from past years, organizers said, as the organization wrapped up its Holiday Store on Thursday ahead of Christmas. But that may have been a bit high, as the Salvation Army has barely surpassed the halfway point leading up to the final rush before December 25, only having raised $344,000 to date. (more...)
Top EU Court Rules Uber Is A Taxi Service Top EU Court Rules Uber Is A Taxi Service
- December 22, 2017

HAS become the second United Kingdom city to ban Uber after receiving more than 150 complaints about the taxi-hailing app. Ten companies provided technology platforms to implement transportation e-contracts, including Uber and Grab. She highlighted the larger question that the Uber ruling did not directly address but remains of significant importance: How will societies secure benefits for workers historically tied to employment, like health insurance, workers' compensation, vacation and ... (more...)
The Salvation Army to announce Tree of Lights Campaign progress The Salvation Army to announce Tree of Lights Campaign progress
- December 22, 2017

Donations can be made by visiting www.csarmy.org, by calling 1-800-Sal-Army or mailed to: The Salvation Army, 822 McCallie Ave., Chattanooga, Tn. The Red Kettle campaign continues until the December 25. Many of these generous donors remain anonymous. The Salvation Army is an global Christian organization that began its work in Canada in 1882 and has grown to become one of the largest direct providers of social services in the country. (more...)
Didi Chuxing raises United States dollars 4 billion in new equity funding
- December 22, 2017

Earlier this month Reuters reported that Didi was planning to enter Mexico next year, in what would be its first overseas operation not managed through a local partner. The identities of the investors were not disclosed, though Didi did note in a statement that "in a testament to strong investor confidence in the strategic vision". (more...)
Elon Musk accidentally Tweets his personal mobile number to 16 million people Elon Musk accidentally Tweets his personal mobile number to 16 million people
- December 21, 2017

Musk's message got many thinking that he might want to lure Carmack away from Oculus and over to Tesla . The tweet invited speculation that Musk, 46, may have been trying to recruit Carmack or was seeking ways for Oculus to cooperate with any of the many businesses he runs. (more...)
Bitcoin Cash: Scandal erupts as Coinbase investigates claims of insider trading Bitcoin Cash: Scandal erupts as Coinbase investigates claims of insider trading
- December 21, 2017

Observers noticed that the price of Bitcoin Cash rose sharply before news of its availability on the exchange broke, and that there was a sharp selloff virtually the moment trading started. In an earlier blog post , an executive from Coinbase's exchange platform GDAX explained it had cancelled some Bitcoin Cash orders and cleared its order books to "ensure a fair and orderly market". (more...)
Ikea could face €1bn in back taxes as European Union probes sweetheart deal Ikea could face €1bn in back taxes as European Union probes sweetheart deal
- December 20, 2017

In a statement released on Monday, the EC said, "The Commission considers at this stage that the treatment endorsed in the two tax rulings may have resulted in tax benefits in favor of Inter IKEA Systems, which are not available to other companies subject to the same national taxation rules in the Netherlands", Business Insider noted . (more...)
Virgin Hyperloop One names Richard Branson Chairman, raises US$50m Virgin Hyperloop One names Richard Branson Chairman, raises US$50m
- December 20, 2017

Dubai's DP World and Russia's Caspian Venture Capital each contributed $25 million. They settled the suit that November, but BamBrogan launched a competing hyperloop company. Branson, the founder of the Virgin Group, invested in the high-tech, high-speed transit system and joined the board of directors in October. DP World, the world's fourth largest ports operator, has participated in the latest $50 million funding round for Virgin Hyperloop One , the futuristic transportation ... (more...)
Brandis tipped to replace Downer in UK
- December 19, 2017

The two most likely contenders to replace him are Social Services Minister Christian Porter and Employment Minister Michaelia Cash . But Malcolm Turnbull is believed to have ruled out bringing Susan Ley back into cabinet. Senator Cash has been appointed Minister for Jobs and Innovation, while Peter Dutton will head up the new Home Affairs portfolio. Senator Cash's significant promotion follows the October scandal that saw her media adviser David De Garis resign after admitting to ... (more...)
NJ Gas Prices Drop for Fifth Week in a Row NJ Gas Prices Drop for Fifth Week in a Row
- December 19, 2017

On Monday afternoon, the average price of a gallon of regular gas in OH was $2.21, while last week's average was $2.28. The winners: Costco at 7795 Flagler St., U-Gas, 15200 NE Sixth Ave., BJ's, 7050 Coral Way - all at $2.28 a gallon. Petersburg-Clearwater and Jacksonville regions. As of last week, they have fallen to levels before Hurricane Harvey's slap on Gulf Coast refineries in August. (more...)
Police shoot knife-wielding man at Amsterdam's Schiphol Airport Police shoot knife-wielding man at Amsterdam's Schiphol Airport
- December 17, 2017

The incident has had no impact on air traffic, said the Schiphol spokesperson. "Man shot by the military police at Schiphol Airport after he threatened [people] with a knife", the force said on Twitter. He said "the circumstances are telling us that it has nothing to do with terrorism". There are no further details about the suspect or his motives as yet. (more...)
Exhausted of your Facebook friends' constant updates? Send them for a snooze Exhausted of your Facebook friends' constant updates? Send them for a snooze
- December 16, 2017

Facebook already allows you to unfollow someone while staying friends, if their posts are starting to clog up your feed. Facebook wrote in a blog post that the move is part of an effort to "make Facebook more about social interaction and less about spending time". (more...)
Facebook Gives In to Pre-Roll Advertising Facebook Gives In to Pre-Roll Advertising
- December 16, 2017

A complex ranking system determines which posts people see first, and past year, Facebook released a statement of "News Feed values" emphasising that posts from friends and family would come first. In its blog post, Facebook said it would no longer allow ads in the middle of videos unless the videos are at least three minutes long. This will replace the earlier arrangement where videos that were a minimum of 90 seconds were eligible for Ad Breaks . (more...)
Indian Income Tax department surveys nine bitcoin exchanges, considers tax possibility Indian Income Tax department surveys nine bitcoin exchanges, considers tax possibility
- December 15, 2017

The Income Tax Department of India has begun conducting surveys of cryptocurrency exchanges in major cities across the country, according to a report by Bloomberg. The Reserve Bank of India isn't altogether keen on citizens dabbling in these currencies, as they aren't regulated. This is because there are no regulations about virtual currencies in India. (more...)
$390M Supplier Investment Signals Apple's Definitive Switch to Face ID $390M Supplier Investment Signals Apple's Definitive Switch to Face ID
- December 15, 2017

All of the VCSELs purchased by Apple from Finisar will be made in Texas. This special kind of component features in numerous Apple's products and enables features such as Face ID , ARKit, and even Animoji but also proximity sensing that, for instance, allows AirPods to stop playing audio when one of the two buds is removed from the user's ear. (more...)
MA is the healthiest state in the US MA is the healthiest state in the US
- December 15, 2017

New England states Vermont and CT were also respectively placed in the UnitedHealth Group survey's top five at number three and five, which was rounded out by Hawaii at number two and Utah at number four. Florida's improvements include positive changes in the percentage of children living in poverty and the frequency of mental distress in the past year. (more...)
Facebook agrees to pay millions more in tax Facebook agrees to pay millions more in tax
- December 13, 2017

Facebook is a $300 billion company used by two million Kiwis every day. Facebook has said it will no longer send advertising revenue through Ireland, and instead pay taxes in the countries where profits are earned. This moves comes after significant pressure and scrutiny from the US and Europe for its tax practices. The move follows an announcement last year by Facebook that it would start to pay tax on its British advertising sales, a change that led Facebook paying £5.1 million into ... (more...)
Several flights in and out of NI cancelled Several flights in and out of NI cancelled
- December 12, 2017

A snowstorm that pushed across London on Sunday (Dec 10) brought Heathrow Airport, one of the busiest in the world, to a virtual halt as airlines canceled numerous flights and planes were stranded at gates. A spokesman for Glasgow Airport said there were 17 cancellations in total: "We're open and fully operational, however, we've experienced a number of cancellations". (more...)
Snow and ice warning issued as temperatures plunge Snow and ice warning issued as temperatures plunge
- December 11, 2017

The Department of Housing, Planning and Local Government and local authorities are operating cold weather initiatives for rough sleepers, specifically ensuring additional temporary bed space is made available. It also warned that stopping distances are up to 10 times longer in icy conditions. The orange warning issued today at 11am covers all of Connaught, as well as Cavan, Monaghan, Donegal , Dublin, Kildare, Laois, Longford, Louth, Wicklow, Offaly, Westmeath and Meath. (more...)
Mecklenburg County won't pay hacker, Kinston had previous ransomware attack Mecklenburg County won't pay hacker, Kinston had previous ransomware attack
- December 08, 2017

But WBTV has learned the demand is for "substantially" more than that, according to a county official with knowledge of the ongoing efforts to retrieve the county's data who asked not to be identified in order to provide details of the ongoing internal county discussions. (more...)
China alleges Indian drone invaded its airspace, crashed across the border China alleges Indian drone invaded its airspace, crashed across the border
- December 08, 2017

A Chinese military official, speaking to official news agency Xinhua, did not say that Indian border troops had contacted their Chinese counterparts about the incident and instead struck a more strident note. China's Foreign Ministry spokesperson Geng Shuang said: "Recently an Indian unmanned aircraft invaded China's airspace and crashed in the Sikkim section of China-India border. (more...)
Crude oil futures fall Rs 13 per barrel on Asian cues
- December 08, 2017

As reported on Wednesday, the U.S. Department of energy, the oil reserves in the country last week decreased by 5.61 million barrels. West Texas Intermediate for January delivery was at $57.42 a barrel on the New York Mercantile Exchange, down 20 cents, at 7:45 a.m.in London. (more...)
Global air travel stays on course for more growth Global air travel stays on course for more growth
- December 06, 2017

Rising fuel prices have also hit US airlines, but high demand and improving economies in Europe have helped trigger profit in airlines worldwide, an IATA economist told Reuters . In 2017, IATA said airlines hit a new record of over 20,000 city-pair connections, up by 1,351 from 2016. Cargo yields are expected to improve by 4 per cent in 2018, slower than the 5 per cent in 2017. (more...)
Where to get free cookies in Columbia on National Cookie Day Where to get free cookies in Columbia on National Cookie Day
- December 06, 2017

Even though it's Monday, this news might make your day a little sweeter. Calling all cookie monsters! "National Cookie Day provides the flawless occasion for our guests to enjoy the ultimate cookie experience", Thomas added. Join the Corner Bakery eCafe and receive a free freshly baked cookie! If you get there early, Cinnabon is also handing out a free 8-ounce bottle of Fairlife milk with every Cookie BonBite purchase while supplies last. (more...)
Over 10000 Staff To Help Weed Out Extremist Content On YouTube Over 10000 Staff To Help Weed Out Extremist Content On YouTube
- December 06, 2017

Wojcicki said the company would take "aggressive action" by launching new comment moderation tools. YouTube last week updated its recommendation feature to spotlight videos users are likely to find the most gratifying, brushing aside concerns that such an approach can trap people in bubbles of misinformation and like-minded opinions. (more...)
Mueller removes Federal Bureau of Investigation agent from Russian Federation probe for anti-Trump messages Mueller removes Federal Bureau of Investigation agent from Russian Federation probe for anti-Trump messages
- December 03, 2017

The filings from Flynn's plea hearing Friday say a "very senior member" of Trump's transition team asked Flynn to contact officials from UN Security Council countries, including Russian Federation, to learn where each country stood on the vote on a resolution condemning Israeli settlement activity and "to influence those governments to delay the vote or defeat the resolution". (more...)
Glitch at American Airlines could spell trouble for Christmas travel season Glitch at American Airlines could spell trouble for Christmas travel season
- December 01, 2017

But the union that represents American Airlines' pilots disputes the airline's calculations, saying "thousands of flights are still listed as unassigned". You want the days off? The carrier issued the following statement: " We are working diligently to address the issue and expect to avoid cancellations this holiday season. (more...)