Money

USA sanctions on Venezuelan oil reverberate globally

USA sanctions on Venezuelan oil reverberate globally Venezuela's attorney general, Tarek Saab, has asked the country's supreme court to open a preliminary investigation against self-proclaimed president Juan Guaidó , and to freeze the opposition leader's accounts. But he says the expected shortage of heavy crude supply in the US will likely increase prices throughout the North American market, including in Canada. [Full Article...]

GameStop Is No Longer Trying to Sell Their Company

GameStop Is No Longer Trying to Sell Their Company GameStop shares plunged almost 30 percent Tuesday after the video game and electronics retailer said it had ended the search for a buyer, causing a share sell-off among investors who had expected a sale. I have previously recommended buying GameStop's stock , and will likely be updating my rating for the stock when the next Game Trader analyst report comes out. [Full Article...]

European Union rules out renegotiation of Brexit withdrawal agreement

European Union rules out renegotiation of Brexit withdrawal agreement What's happening and why it's important? Parliament rejected Prime Minister Theresa May's Withdrawal Agreement, which includes a almost two-year transition period to help minimise economic disruption, earlier this month. Phinnemore said the Brady plan is in keeping with two years of British discussions that have failed to recognise the European position. Ireland and Britain say they have no ... [Full Article...]

Apple says sales fell in the first quarter

Apple says sales fell in the first quarter It figures to be an uphill battle, given Apple's stock has lost one-third of its value in less than four months, erasing about $370 billion in shareholder wealth. However, the firm's shares gained nearly 4% in after-hours trade on Tuesday, as the firm proved more resilient than feared. Apple is due to report its latest quarterly earnings later Tuesday amid intense investor interest in the comp... [Full Article...]

How big do you expect your tax refund to be this year?

How big do you expect your tax refund to be this year? If you want to hire someone, make sure that person has a preparer tax ID number. State tax officials say that enhanced identity theft protective measures could cause some refunds to take longer than normal. Governor Northam has proposed using those dollars to pay for things like education and refunds for low-income Virginians. Fill out the form below, and a producer may contact you about your ... [Full Article...]

Sinn Fein's Brexit Spokesman Says No Deal Makes A United Ireland "Inevitable"

Sinn Fein's Brexit Spokesman Says No Deal Makes A United Ireland The letter was published ahead of key Brexit votes in Parliament set for Tuesday. Mrs May was coming under pressure from Conservative colleagues and the Democratic Unionist Party to seek further concessions from Brussels on the so-called "backstop" arrangements created to keep the Irish border open after Brexit. [Full Article...]

Venezuela pulls back on threats as U.S. warns of 'significant response'

Venezuela pulls back on threats as U.S. warns of 'significant response' In the interview with CNN Turk, Maduro accused the USA of mounting a coup attempt against him - a regular refrain - and insisted Guaido was "violating the constitution". In an interview on Sunday with CNN Turk , Maduro claimed that he was the "the victim of a USA conspiracy" that had resulted in the threat to his power. [Full Article...]

Bing becomes the latest service to go dark in China

Bing becomes the latest service to go dark in China The Financial Times reported on Wednesday that China Unicom, a major state-owned telecommunication company, had confirmed the government order to block the search engine . company to remain available in the country, in spite of competing with local government-connected services. It happens periodically. We're still waiting to find what this situation is about. [Full Article...]

USA sanctions affecting Limerick plant lifted

But lawmakers across the political spectrum have said it is inappropriate to ease sanctions on companies tied to the oligarch while Special Counsel Robert Mueller investigates whether Mr Trump's 2016 presidential campaign colluded with Moscow. [Full Article...]

Oil prices mixed amid Venezuela turmoil, record U.S. stockpiles

Oil prices mixed amid Venezuela turmoil, record U.S. stockpiles USA were at $52.61 per barrel at 0128 GMT, down 64 cents, or 1.2 percent, from their last close. More broadly, the slide in US oil followed a tumble in global stock markets on Tuesday, with investors anxious about the threat of a widespread economic slowdown. [Full Article...]

Facebook Allowed 'Friendly Fraud' to Profit From Kids, Internal Memos Show

Facebook Allowed 'Friendly Fraud' to Profit From Kids, Internal Memos Show The class-action lawsuit centers on allegations that Facebook knowingly gouged teenagers by permitting them to spend hundreds of dollars buying additional features on games such as " Angry Birds " and " Barn Buddy ". In one such case , two employees discuss charges amounting to $US6545 ($9221), and acknowledge that the child claims to be 15 years old but looks younger. [Full Article...]

Now, Chidambaram slams CBI for targeting bankers

Now, Chidambaram slams CBI for targeting bankers The names of top bankers could not have been included without the nod of senior officers, including interim CBI director M Nageswara Rao. "My advice to our investigators - Follow the advice of Arjun in the Mahabharat - Just concentrate on the bulls eye", Jaitley said in the post. [Full Article...]

Alexandria Ocasio-Cortez Cancels Sundance Trip Due to ‘Complications’ From Shutdown

Alexandria Ocasio-Cortez Cancels Sundance Trip Due to ‘Complications’ From Shutdown Her name has come up as a presidential possibility. It's on your 10 millionth and one dollar. Those are examples of ignorance. Ocasio-Cortez learned early how to harness social media as an effective grassroots campaign tool for the digital age. [Full Article...]

US Commerce chief: 'miles and miles' to go on China trade

US Commerce chief: 'miles and miles' to go on China trade Ross made the comment while speaking with CNBC , and also explained that the thousands of workers who have gone without paychecks amid the longest government shutdown in US history only represented a small portion of the country's GDP. "It's kind of disappointing that the air traffic controllers are calling in sick in pretty large number", Ross said. Democratic House Speaker Nancy Pelosi deno... [Full Article...]

Boeing Autonomous Passenger Drone Passes First Flight Test

Boeing Autonomous Passenger Drone Passes First Flight Test A prototype of its autonomous passenger air vehicle completed a controlled takeoff, hover and landing during the test conducted in Manassas, Virginia, the maker of military and commercial jets said on Wednesday. Uber exec Eric Allison described the test flight as a "tremendous step forward" for the vision of aerial ridesharing that Uber has been working on for a couple of years now. [Full Article...]

Brexit-supporter James Dyson to move Dyson HQ to Singapore

Brexit-supporter James Dyson to move Dyson HQ to Singapore Billionaire inventor and staunch Brexit supporter James Dyson has chose to move his power vacuum dynasty to Singapore, delivering a fresh blow to the United Kingdom government's Brexit plans. 'Our Singapore Technology Centre will double in size as we crystallize our investments there, and the Malaysia Design Centre goes into its next phase of development, ' Dyson said. [Full Article...]

U.S. Diplomats Remain in Venezuela Amidst Ongoing Political Turmoil

U.S. Diplomats Remain in Venezuela Amidst Ongoing Political Turmoil The US has recognized Venezuela's Parliament Speaker Juan Guaido as the country's interim president. Cuban President Miguel Diaz-Canel expressed "our support and solidarity to President Nicolas Maduro after the imperialist attempts to discredit and destabilize the Bolivarian Revolution". [Full Article...]

Unifor urging Canadians to boycott GM vehicles made in Mexico

Unifor urging Canadians to boycott GM vehicles made in Mexico In November GM announced plans to close a auto factory near Toronto, costing 2,600 union jobs. "The only way to get General Motors' attention is if we fight back", Dias said at a press conference, adding that any vehicle with a vehicle identification number, or VIN, that starts with a 3 is Mexican made. [Full Article...]

Elizabeth Warren proposes annual 'wealth tax' on richest Americans

Elizabeth Warren proposes annual 'wealth tax' on richest Americans This rate would tax assets, instead of focusing on income. According to The Washington Post , economists working with Warren - who recently formed an exploratory committee to look into running for president in next year's election - are working on the plan with her. [Full Article...]

European Commission: EU, Ireland to step up Brexit 'no deal' planning

European Commission: EU, Ireland to step up Brexit 'no deal' planning Last week British lawmakers threw out the divorce deal Prime Minister Theresa May had struck with the European Union, and attempts to find a replacement are gridlocked. The EU is the U.K.'s biggest trading partner. "Our ability to withstand any future downturns in the economy will be greatly enhanced by building up larger surpluses and buffers in the public finances now, especially if a no-deal ... [Full Article...]


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