Business

Business Taiwan says it won't bow to pressure amid China tension
Author: 0 Taiwan says it won't bow to pressure amid China tension

While DIA is most concerned about an eventual military action against Taiwan , in the near future its primary concerns rest in the South and East China Seas, where the Chinese military has built up and militarized artificial islands in areas claimed by China and other nations.

Business TSA Problems Causing a Travel Nightmare at Atlanta's Airport, the World's Busiest
Author: 0 TSA Problems Causing a Travel Nightmare at Atlanta's Airport, the World's Busiest

Concourse G, the airport's least busy terminal, closed at 1 p.m. on Saturday and Sunday because the airport didn't have enough Transportation Security Administration agents to staff the security checkpoint . The TSA announced it'll partially compensate employees who worked on December 22nd and give those who worked during the holidays a bonus. "At our airport, we're not seeing at this point operational impacts like they are at other airports", said spokeswoman Janet Scherberger.

Business Trump's Invite to Only Some Democrats Backfires on Him
Author: 0 Trump's Invite to Only Some Democrats Backfires on Him

On his way over to the White House to chat with President Trump about why many of his constituents have been without pay for the past 25 days , Rep. "I hear they're really into that". "The President has a proposal on the table that includes additional technology at ports of entry, allows minors from Central America to seek asylum in their home country, and physical barriers between ports of entry made of steel instead of concrete", she said.

Business Pound recovers losses after crunch Brexit vote
Author: 0 Pound recovers losses after crunch Brexit vote

These will be voted on if the above two amendments fail. A spokesman for European Council president Donald Tusk said that the vote had increased the risk of disorderly exit, and that while the EU did not want that to happen, it would be prepared for it.

Business Record US-China trade gap may signal slower global growth
Author: 0 Record US-China trade gap may signal slower global growth

China's overall trade surplus for 2018 was $351.76 billion, the government said. China's exports fell by a whopping Dollars 221.25 billion in December registering the biggest plunge in two years amid the ongoing trade war with the USA, highlighting the continued slowdown of the world's second largest economy.

Business California Utility Tied To Devastating Wildfires To File For Bankruptcy
Author: 0 California Utility Tied To Devastating Wildfires To File For Bankruptcy

A bankruptcy filing is not assured, the sources said . The company said Monday that it has only about $1.5 billion in cash and cash equivalents on hand. Bankruptcy court has no say over the rates utility customers pay; those are decided by state regulators and politicians. It also puts pressure on California's new governor, Gavin Newsom, and legislators to come up with a plan that could keep the utility solvent.

Business Turkey hits back at Trump threats over Kurds
Author: 0 Turkey hits back at Trump threats over Kurds

Trump also threatened to "devastate" Turkey economically if Ankara attacked US-allied Kurds in Syria. US Secretary of State Mike Pompeo is on a whirlwind regional tour aimed at reassuring allies amid rising tensions between the US and Turkey over the fate of Washington's Syrian Kurdish allies in the fight against ISIS .

Business Apple expected to release three new iPhones in 2019
Author: 0 Apple expected to release three new iPhones in 2019

According to WSJ , Apple may also remove 3D Touch from its entire iPhone lineup in 2019. Despite being pitched as the ideal iPhone for everyone, iPhone XR didn't really gain as much traction in the market as Apple had hoped. We're still nine months away from the launch of Apple's next-gen iPhones, but the first alleged renders have already shown up online. We are still at a very early stage of iPhone rumours, though.

Business Apple Announces Revenue Is Unraveling
Author: 0 Apple Announces Revenue Is Unraveling

Apple has warned investors that its revenue over the crucial festive season will be lower than expected , blaming the US-China trade war for disappointing iPhone sales . The company also sees the traffic to retail stores and partner sellers in China declining in the quarter. He noted that China's economy started to weaken in second-half 2018.

Business In a Shutdown, IRS Will Take Your Money, but Give No Refunds
Author: 0 In a Shutdown, IRS Will Take Your Money, but Give No Refunds

And during shutdowns, only a fraction of IRS employees work. If the shutdown stretches further, Shattuck says it could affect how quickly early filers get their refunds. "This filing season was always going to be challenging", said Pomerleau. When the government does re-open, when will people get their money? Taxpayers who've been counting on a tax refund to pay off credit-card bills from Christmas spending may feel themselves squeezed, in other words.

Business 'Tuna King' Kiyoshi Kimura pays record Sh316m for giant fish
Author: 0 'Tuna King' Kiyoshi Kimura pays record Sh316m for giant fish

He spent more than twice the previous record of $1.4m, which he paid in 2013. It was bought by Kiyoshi Kimura, president of Sushi Zanmai, a major sushi restaurant chain. Last year's auction was the last at the famed Tsukiji market before it was relocated to a new facility on a former gas plant site on Tokyo Bay. However issues including concerns about outdated fire regulations and hygiene controls prompted the market to be moved to a larger and more modern site.

Business 5 takeaways from Apple's stark China warning
Author: 0 5 takeaways from Apple's stark China warning

Apple Inc AAPL .O shares plunged 10 percent on Thursday after the iPhone maker blamed weak China demand for a holiday-quarter revenue shortfall, with many investors anxious the rare stumble was a harbinger for slowing global growth.

Business Tesla Sinks as Price Cuts Signal a Ceiling for Costlier Models
Author: 0 Tesla Sinks as Price Cuts Signal a Ceiling for Costlier Models

The company said the remaining tax credits combined with not having to fuel up at the gas pump and lowered maintenance costs "means our vehicles are even more affordable than similarly priced gasoline vehicles". As of writing, Tesla stock is trading down 7.45% at $308.00 per share. "The price cut is what's driving the stock lower, as it openly acknowledges the sunset of subsidy dollars is a material headwind", said Craig Irwin, an analyst with Roth Capital Partners.

Business This tiny minimart sold the Mega Millions ticket worth $425 million
Author: 0 This tiny minimart sold the Mega Millions ticket worth $425 million

The ticket was sold in Long Island. The New Year's Day Mega Millions jackpot is the eighth largest in its history. Three people in NY, as well as one person each in Texas, Ohio and SC, all won $1 million apiece. It was sold with the $1 million Megaplier option, which increased the prize from $1 million to $4 million because the multiplier drawn was four. Jackpot winners choose whether to receive 30 annual payments, each five percent higher than the last, or a lump-sum payment.

Business Six hurt in airbridge collapse at United States airport
Author: 0 Six hurt in airbridge collapse at United States airport

Four medics, two Southwest airline employees and the sick passenger all fell to the ground and were treated for injuries, according to the FAA. "According to preliminary data, six people were taken to a local hospital, their injuries not threatening to life", - quotes the message Корреспондент.net.

Business Temporary reprieve for Sears as chairman submits bid to buy retailer
Author: 0 Temporary reprieve for Sears as chairman submits bid to buy retailer

Liquidation sales at the Kmart and Sears stores are expected to begin by mid-January, the company reported. Sears Holdings filed for bankruptcy protection on October 15. As originally outlined, his plan would be partly funded by swapping the debt he holds for full ownership of the company. Sears told the bankruptcy court it has interest from multiple parties.

Business Fake Alexa setup app is in App Store, ranked #6 in Utility
Author: 0 Fake Alexa setup app is in App Store, ranked #6 in Utility

In the USA alone, more than one billion items shipped for free this holiday with Prime - millions of unique items shipped with Prime Free Same-Day, Prime Free One-Day or Free two-hour delivery with Prime Now. After projecting that their operating income to be stagnant to growing minimally as compared to past year, their stock plunged a shocking ten percent once Amazon reported their third-quarter earnings.

Business Markets Right Now: US stocks open lower as sellers return
Author: 0 Markets Right Now: US stocks open lower as sellers return

Stocks are wavering between small gains and losses in midday trading Friday as the market continues to churn amid the volatile trading that has gripped the market throughout December. Technology companies, a big driver of the market's gains before the October downturn, slumped Thursday. The Standard & Poor's 500 rose 0.9 per cent to 2,488.83 after being down 2.8 per cent at midday.

Business Wall Street selloff worsens on Mnuchin move, Washington drama
Author: 0 Wall Street selloff worsens on Mnuchin move, Washington drama

The Treasury secretary left Washington for a Christmas holiday in Mexico's Cabo San Lucas as the federal government shut down over the weekend, while Trump canceled his own planned trip to his Mar-a-Lago resort in Florida and remained cooped up in the White House over the holiday, absorbing a flood of negative news about the markets.

Business Sears to close 80 more stores as deadline looms today
Author: 0 Sears to close 80 more stores as deadline looms today

The Sears at the Fox River Mall in Grand Chute is one of the stores that will close. As part of the closings, the accompanying Sears Auto Centers at the Sears stores slated for closure will also shut down. Instead, he wants to forgive about $1.8 billion of the debt he holds from Sears. "This is in addition to the previously announced closure of 40 unprofitable stores expected to be completed in February 2019".

Business Is Dunkin’ open on Christmas Day 2018?
Author: 0 Is Dunkin’ open on Christmas Day 2018?

Open until 6 p.m. Christmas Eve , Closed Christmas Day . On New Year's Eve , it closes at 6 p.m. and remains closed on New Year's Day . An impressive feat for the thousands hitting the stores in the final hours before Christmas Day .

Business US Markets Drop in Their Worst Day of Christmas Eve Trading Ever
Author: 0 US Markets Drop in Their Worst Day of Christmas Eve Trading Ever

Very smart person", he said. However a source told Bloomberg that Mnuchin had done so without the advice of POTUS. They added: 'Mnuchin is under the gun'. "The Fed is like a powerful golfer who can't score because he has no touch - he can't putt!", Trump wrote on his Twitter page. Wednesday's trading could mark the end of the longest so-called bull run in Wall Street history.

Business Late surge in trading as shoppers head out on Christmas Eve
Author: 0 Late surge in trading as shoppers head out on Christmas Eve

Central Market: Christmas Eve: Open 7 a.m.to 8 p.m. Hours before Christmas, with Santa already busy making deliveries, plenty of last-minute shoppers hit the stores on Christmas Eve Monday, Dec. Las Vegas South Premium Outlets: Open until 6 p.m. Christmas Eve and Christmas Day . On New Year's Eve Lidl stores will open at 8am and close at 6pm and the shops will then close for New Year's Day .

Business Vladimir Putin says United States presence in Japan complicates signing of peace treaty
Author: 0 Vladimir Putin says United States presence in Japan complicates signing of peace treaty

If these missiles appear in Europe what should we do? Peskov was asked to comment on Russian President Vladimir Putin's statement about the possibility of a nuclear war following the U.S. Trump said the US has won against the terrorist group. We know how to do it. Signed in Washington, D.C.by President Ronald Reagan and General Secretary Mikhail Gorbachev on December 8, 1987, the treaty was ratified by the United States Senate on May 27, 1988 and came into force on June 1, 1988.

Business United States stocks end higher; all eyes on Fed
Author: 0 United States stocks end higher; all eyes on Fed

The S&P 600 closed at 859.50 for a gain of 1.92 points or 0.22%. Benchmark 10-year notes last rose 6/32 in price to yield 2.8354 percent, from 2.857 percent late on Monday. Still, investors remain cautious a deal will be done by the March 1 deadline even as China's openness to cutting tariffs on USA cars and buying soybeans is feeding optimism that the dispute will be resolved.

Business Facebook let Netflix, Spotify read your private messages
Author: 0 Facebook let Netflix, Spotify read your private messages

Examples given include Bing, which could see the names of "virtually all" Facebook users' friends; Netflix and Spotify , which the paper claimed could "read" users' private messages; and Amazon , which gained users' names and contact details through their friends.

Business Man makes trapped box to combat porch pirates
Author: 0 Man makes trapped box to combat porch pirates

That someone according to Boing Boing is former NASA-JPL engineer/current science YouTube star Mark Rober and "he ain't playing nice". Rober documented the process on his YouTube channel in a video sponsored by private network service provider company NordVPN.

Business Trump takes aim at Federal Reserve over interest rate hike
Author: 0 Trump takes aim at Federal Reserve over interest rate hike

In a speech last month, Powell spoke of the current range of the Fed's benchmark rate - 2 percent to 2.25 percent - as "just below" neutral. For his part, Powell, who was appointed by Trump, has avoided answering the President and has held that the good economic times the country is enjoying, with an unemployment rate of 3.7 percent, the lowest in nearly half a century, and inflation close to the annual goal of 2 percent, recommend a progressive hike in interest rates.

Business Local politicians react to Farm Bill
Author: 0 Local politicians react to Farm Bill

The Farm Bill comes after months of bipartisan discussions to draft a final version of the legislation. The final bill sailed through the House and Senate on Thursday by unanimous consent. The fast-food chain said it will begin monitoring the use of antibiotics in the USA and nine other nations that supply most of its beef. "I think everyone wants to do it right and not rush into it".

Author: 0 Johnson & Johnson knew about asbestos in its baby powder for decades, report

Johnson & Johnson, facing potential liability in the billions of dollars in claims its talcum powder causes cancer, may have known about the health risks of the product for decades, according to Reuters . While most people exposed never develop cancer; for some, even small amounts of asbestos are enough to trigger the disease years later. Reuters report also states that J&J denied the claim.

Business Canada granted consular access to ex-diplomat held by China
Author: 0 Canada granted consular access to ex-diplomat held by China

China's spy agency has also detained two Canadians in the past week, which some view as retaliation for Meng's arrests, although China has deflected questions about any links. "Washington naturally assumes the compulsory measures Beijing has taken are politically motivated - an expedient move on Beijing's part to retaliate against Ottawa - since that is how [Washington] operates", the editorial said.

Business OPEC and Russian Federation agreed to output cut, despite USA pressure
Author: 0 OPEC and Russian Federation agreed to output cut, despite USA pressure

West Texas Intermediate for January delivery was at $51.12 a barrel on the New York Mercantile Exchange, up 12 cents, at 1:02 p.m.in Singapore. "Production's exceeding of the consumption in the market and predictions about the decline in the world economy for the next year determined the fall in oil prices".

Business Grilled on Hill, Google chief Pichai denies firm censors conservatives
Author: 0 Grilled on Hill, Google chief Pichai denies firm censors conservatives

In 2010, Google withdrew its censored search service out of China in response to the Chinese government's free speech limits. "How does search work so that that would occur?" she asked . Mr Pichai's no-show at that hearing was marked by an empty chair for Google alongside the Facebook and Twitter executives who did appear.

Business Canada judge orders Huawei exec released on bail
Author: 0 Canada judge orders Huawei exec released on bail

She was granted bail on Tuesday but faces extradition to the US over allegations the company she leads as CFO has been skirting American sanctions on Iran through a subsidiary. Trump's remarks appeared to undercut other officials in his administration who contended that Meng's arrest - which came the same day he and Xi announced plans to break the trade impasse - was unconnected to the broader negotiations.

Business No Confidence Vote In Theresa May Triggered By Tory MPs
Author: 0 No Confidence Vote In Theresa May Triggered By Tory MPs

How does the confidence vote work? The last batch came in after May delayed Tuesday's vote on the Brexit deal, a move that sparked outrage among MPs of all the political parties. Mrs May's supporters cheered wildly at the initial announcement that the Conservative Party's MPs did have confidence in their prime minister. She will remain as Prime Minister until a new leader is appointed, which could take up to six weeks and draw close to January 21; the day when her Brexit deal must ...

Business Conservative Lawmakers Begin Theresa May Confidence Vote
Author: 0 Conservative Lawmakers Begin Theresa May Confidence Vote

If Mrs May loses the vote of her MPs, she will remain as a caretaker prime minister while her party chooses a successor, who will become both party leader and Britain's new prime minister. In her speech following Brady's announcement, May also said a change of leader would wreak havoc on Britain's exit from the EU. May remains prime minister and party leader until a replacement is chosen.

Business China Warns Of 'Grave Consequences' Over Arrest Of Huawei Executive
Author: 0 China Warns Of 'Grave Consequences' Over Arrest Of Huawei Executive

Ms. Meng , the daughter of Huawei's founder, was detained December 1 during a layover at Vancouver International Airport at the request of the USA on suspicion of violating US sanctions against trading with Iran. A judge in the US District Court for the Eastern District of NY issued a warrant for Meng's arrest on August 22, it was revealed at the hearing Friday.

Business Winter Storm Impacts Charlotte
Author: 0 Winter Storm Impacts Charlotte

As many as 383,341 people were without power in the South East including 246,524 outages in North Carolina and 99,571 in SC, according to Power Outage.US. Crews in SC have dumped 156,000 gallons of brine on roads in the western part of the state to keep ice from building up as long as possible. For Floridians heading to the Carolinas , you might have trouble leaving Central Florida on Monday as 10 flights have been canceled , a lot of them were heading to Charlotte, N.C.

Business London share prices PLUMMET amid US-China trade war fears — FTSE latest
Author: 0 London share prices PLUMMET amid US-China trade war fears — FTSE latest

If the two had failed to reach an agreement, the US would've seen $200 billion worth of Chinese goods have their tariffs increase from 10% to 25% at the beginning of 2019. Yet Kudlow said later that there was no "specific agreement" regarding auto trade, though he added, "We expect those tariffs to go to zero". Almost all the cars they sell in China are made there.

Business French govt. could consider bringing back wealth tax
Author: 0 French govt. could consider bringing back wealth tax

France remains on edge after the "yellow vest " protests degenerated into some of the worst violence in decades in central Paris last Saturday. In all, four people have been killed and hundreds injured in clashes or accidents stemming from the protests.

Business OPEC members expected to agree cut in crude production
Author: 0 OPEC members expected to agree cut in crude production

Brent oil futures fell as much as 5 percent to below $59 per barrel on fears that there could be no deal but later recovered somewhat, trading down 2 percent by 1325 GMT. Trump has continued to support the kingdom despite worldwide outrage over the murder but he is at the same time keeping up the pressure for lower prices.

Business USMCA takes significant step for trade
Author: 0 USMCA takes significant step for trade

Set to replace the previous North American Free Trade Agreement ( NAFTA ), which US President Trump was not in favour of, the USMCA deal involves over US$1tn of trade, including meat and poultry products. Trucks move almost $385 billion in goods between the USA and Mexico, and $336 billion in trade between the US and Canada. House Minority Leader Nancy Pelosi and Senate Minority Leader Chuck Schumer both made clear on Friday that the trade agreement will need protections for workers and the ...

Business Trump Meets Chinese Leader to Discuss Trade War
Author: 0 Trump Meets Chinese Leader to Discuss Trade War

The agreement keeps those tariffs at 10 percent for at least the next 90 days while the countries negotiate further. "The two presidents agreed that the two sides can and must get bilateral relations right", Wang told reporters, adding they agreed to further exchanges at appropriate times.

Business Fed emphasises flexible policy path after likely December hike
Author: 0 Fed emphasises flexible policy path after likely December hike

Claiming that benchmark lending rates were "just below" a range of estimates for "neutral", that is, neither stimulating nor slowing growth, Powell sent a signal that markets took to mean the Fed might ease off on raising rates in 2019. Powell "gave the market, and presumably President Trump, exactly what he wanted, which was an admission that the previously proposed path of future rate hikes was probably too aggressive and opening to slowing the rate of hikes", said Oliver Pursche, vice ...

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