Money

OPEC Oil Exports To The US Fall To Five-Year Low

OPEC Oil Exports To The US Fall To Five-Year Low Brent crude , the global benchmark, rose 84 cents to $56.79 a barrel by 0932 GMT. Oil gained further support from the latest supply report from the API industry group, which said on Thursday that US crude stocks fell by 4.5 million barrels last week. [Full Article...]

Police send condolences to officers mourning burned Krispy Kreme truck

Police send condolences to officers mourning burned Krispy Kreme truck Police departments from across the country chimed in to offer their condolences. The truck caught fire Monday afternoon and was fully engulfed in flames by the time first responders arrived, Lexington ABC affiliate WTVQ reported. "This literally hurts my soul", the department commented on Facebook, along with the hashtag "I donut think we can recover from this". Their post gained mounds of... [Full Article...]

Apple admits it is going to miss iPhone sales

Apple admits it is going to miss iPhone sales Some analysts, however, questioned the impact of Apple's own actions, such as its unyielding pursuit of high selling prices for its products. Apple has revealed its takings are expected to be much lower than predicted during the crucial run up to Christmas, as demand for iPhones wanes. [Full Article...]

RBI Scales Down Printing of Rs 2000 Currency Note to 'Minimum'

RBI Scales Down Printing of Rs 2000 Currency Note to 'Minimum' To counter the massive cash shortage, the government introduced new Rs 2,000 notes. "There has been no decision recently regarding production of Rs 2,000 notes and its printing is planned as per projected requirement, Economic Affairs Secretary Subhash Chandra Garg said". [Full Article...]

US Team to Visit China for Trade Talks Jan 7-8: Beijing

US Team to Visit China for Trade Talks Jan 7-8: Beijing China on Friday confirmed that a vice ministerial level delegation from the United States will visit Beijing next week for "proactive and constructive talks" to flesh out agreements reached between President Xi Jinping and U.S. Hassett said that, while American companies are feeling the pain, China has a growing pressure to agree to a trade deal. Growth is expected by the government to have ease... [Full Article...]

Futures cheer U.S.-China trade talks

Futures cheer U.S.-China trade talks In 2018, China marked the 40th anniversary of its reform and opening-up policy aimed at modernizing its society and developing the market economy under the leadership of the Chinese Communist Party. "Instead, China has chosen economic aggression, which has in turn emboldened its growing military", Pence said. In return, Trump agreed to postpone the planned step-up in tariffs on $200 billion wort... [Full Article...]

Activision Blizzard plans to fire its CFO for an unspecified cause

Activision Blizzard plans to fire its CFO for an unspecified cause Activision Blizzard is one of the most successful standalone interactive entertainment companies. Activision shares are down 26 per cent in 2018, and could decline even further. On Wednesday, Activision Blizzard said Neumann was "terminated for cause for violating his legal obligations to the company", which suggests he may have breached his employment agreement with the company. [Full Article...]

Apple sees further weakness in iPhone sales

Apple sees further weakness in iPhone sales Well, Apple CEO Tim Cook would like to iFuck that up for you now... Mr Cook said that while Apple had expected challenges in key emerging markets, it "did not foresee the magnitude of the economic deceleration, particularly in Greater China". [Full Article...]

U.S. stocks open higher amid optimism on last trading day of 2018

U.S. stocks open higher amid optimism on last trading day of 2018 The Shanghai Composite entered a bear market in June and has now declined almost 25% since the start of the year. On the broader S&P 500 Index , another big drug company, Eli Lilly & Co., was among the 20 largest gainers. The 20.9 percent drop of energy stocks in 2018 was largely attributable to crude prices plunging 38 percent since early October. If made, it will be very comprehensive, covering... [Full Article...]

Apple cites China as it cuts forecast

Apple cites China as it cuts forecast Mr Cook said that while Apple had expected challenges in key emerging markets, it "did not foresee the magnitude of the economic deceleration, particularly in Greater China". The company's November decision to no longer disclose iPhone unit sales raised red flags with some shareholders, who questioned whether the company was seeking to hide unfavorable numbers. [Full Article...]

Cathay Pacific says will honour tickets sold after New Year's 'mistake'

Cathay Pacific says will honour tickets sold after New Year's 'mistake' Cathay had sold tickets to the USA and other destinations from Vietnam in a promotional offer that ended on December 31, according to its website. Word spread and many people were able to get themselves first-class and business seats for a steal. [Full Article...]

Passengers On Flight Landing In Tampa Held On Plane For An Hour

Passengers On Flight Landing In Tampa Held On Plane For An Hour Water samples taken from Hopkins Airport water fountains will be tested as Cleveland health officials investigate what caused several passengers on a New Year's Day flight to Tampa to become sick . All water fountains in Concourse A are shut off, according to Dynia. However, WFLA reported that healthy passenger Tiffany McKinney, said fellow travelers who fell ill "were coming out of nowhere". [Full Article...]

Corbyn condemns 'disgraceful' increase in rail fares

Corbyn condemns 'disgraceful' increase in rail fares She said: "Britain's long-suffering rail commuters will spend up to five times more of their income on rail travel than their European counterparts as a result of this January's price hike". Labour has pledged to return the railways to public ownership and called for prices to be frozen on the worst performing routes. Its chief executive Anthony Smith said "the rail industry can not be short of ... [Full Article...]

Tesla Sinks as Price Cuts Signal a Ceiling for Costlier Models

Tesla Sinks as Price Cuts Signal a Ceiling for Costlier Models Tesla buyers no longer qualify for the full $7500 federal tax credit as of January 1. Tesla will be announcing its Q4 financials later this month. Come 2020, the tax credit disappears entirely (although no one will care since two-thirds of the world's wild animals are on track to disappear by 2020, too). [Full Article...]

Kentucky police 'mourn' loss of doughnut truck in fire

Kentucky police 'mourn' loss of doughnut truck in fire The post is a nod to stereotype that law enforcement officers have an obsession with doughnuts. It's not clear what caused the accident, but the police department indicated there were no injuries in the accident . They were asking for thoughts and prayers after the incident. "This literally hurts my soul". Their post gained mounds of online attention, and Krispy Kreme has kindly offered to se... [Full Article...]

The minimum wage is increasing in these 21 states

Up to 22 states and Washington, D.C. are set to raise minimum wage in 2019, including OH and NY but not Pennsylvania. Amid a strong backlash from the business sector, the government chose to include hours of paid rest in working hours when calculating the minimum wage. [Full Article...]

Burned to a Krisp - US police mourn lost doughnut truck

The post is a nod to stereotype that law enforcement officers have an obsession with doughnuts. They are understandably upset and shared their reactions via Twitter. Officers in Kentucky went viral on New Year's Eve after mourning the loss of a truckload of doughnuts. The truck happened to be carrying Krispy Kreme donuts. [Full Article...]

Oil prices rise 2 per cent

The Organization of the Petroleum Exporting Countries and other producers including Russian Federation, known collectively as OPEC+, agreed earlier this month to cut production by 1.2 million barrels per day (bpd) to try to drain global crude inventories and support prices. [Full Article...]

CTA offers free New Year’s Eve rides on buses, trains

CTA offers free New Year’s Eve rides on buses, trains New Year's Eve and 4 a.m. New Year's Day, according to a statement from the CTA. Riders will be able to board without tapping their Ventra or bank cards. [Full Article...]

Sears to close 80 more stores, including Sioux City

Sears to close 80 more stores, including Sioux City Lampert says his plan would let 50,000 Sears employees keep their jobs. "This is in addition to the previously announced closure of 40 unprofitable stores expected to be completed in February 2019". Under Lampert, Sears has bought time by spinning off businesses and putting on the block the brands that had grown synonymous with the company, such as Craftsman. [Full Article...]


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