Markets

Markets Average worker can't afford 2-bedroom apartment anywhere in US, report says
Author: 0 Average worker can't afford 2-bedroom apartment anywhere in US, report says

According to the report , a full-time worker earning $7.25, the national minimum wage , needs to work 122 hours a week every single week of the year to be able to afford your average , no-frills, two-bedroom rental in the United States. In Ohio, the fair market rent (FMR) for a two-bedroom apartment is $793. This year, New Orleans' housing wage for a two-bedroom unit was one of the highest in Louisiana, second only to Vernon Parish.

Markets To build high-speed commuter system in Chicago
Author: 0 To build high-speed commuter system in Chicago

The company says on its website that each vehicle will carry eight to 16 people and travel at speeds of 125 to 150 miles per hour (200 to 240 kph). No taxpayer dollars will be funding the service, the mayor said. "We're taking a bet on a guy who doesn't like to fail - and his resources". City officials said they are aiming for construction on the multiyear project to begin next year, but a timeline will be determined during contract negotiations.

Markets Dennis Rodman Weeps While Discussing Trump-Kim Summit In Bizarre CNN Interview
Author: 0 Dennis Rodman Weeps While Discussing Trump-Kim Summit In Bizarre CNN Interview

During his talk with Hannity, Trump said his inflammatory rhetoric helped spur this new meeting. Picture: AAPDonald Trump and Kim Jong-un shared handshakes and smiles during the historic meeting in Singapore . "The world will see a major change", the North Korean leader said. And the topic was also touched upon in a separate interview, with Trump pressed again on the issue of human rights and his previous statements on North Korea .

Markets Record bitcoin price propped up by another digital currency
Author: 0 Record bitcoin price propped up by another digital currency

What is interesting is that Griffin and Shams's paper describes Tether as being primarily used by Bitfinex , a major crypto-exchange, to purchase Bitcoin tokens from two other exchanges and most importantly did this only after periods of Bitcoin price declines.

Markets Budget 6.1-inch iPhone in the works
Author: 0 Budget 6.1-inch iPhone in the works

This is now in debate across the media, with many stating that the third slot is simply for the flash, however this contrasts previous schematics where the flash is distinctly smaller than the lenses themselves. However, a leak surfaced online recently that provided the schematics of the next generation iPhone. iPhone rumors are starting to pile up, with more and more evidence of a brand new 6.5-inch OLED iPhone X Plus, a budget LCD 6.1-inch iPhone, and a 5.8-inch OLED iPhone X sequel .

Markets Federal Reserve raises USA interest rates again
Author: 0 Federal Reserve raises USA interest rates again

The Fed raised its target range one-quarter of a percentage point, to 1.75 to 2 percent. Borrowers are likely to see higher bills next month on credit cards and mortgages, especially those with adjustable rates. So-called core inflation - which excludes volatile items like energy and housing - is now 2.2 percent, around the level the Fed is looking for. In the longer run, it maintained the forecast for 1.8% growth.

Markets Trump Tariffs Slam Canada, EU-Not China
Author: 0 Trump Tariffs Slam Canada, EU-Not China

U.S. President Donald Trump and Canadian Prime Minister Justin Trudeau hold a meeting on the sidelines of the G7 Summit in La Malbaie, Quebec, Canada, June 8, 2018. "(Trudeau) learned. You can't do that. Canadian officials say they've been working very deliberately to emphasize shared interests and have been doing so for some time.

Markets Fed raises key interest rate and sees possible acceleration in hikes
Author: 0 Fed raises key interest rate and sees possible acceleration in hikes

It is the seventh time the bank has raised rates since 2015. The media forecasts expect the unemployment rate to drop to 3.6% this year , down from March's projection of 3.8%. The average rate for a 30-year fixed mortgage hit a high of 4.8 percent in the last week of may before dropping slightly. The central bank is aiming to keep record low unemployment and a glut of federal spending from pushing inflation beyond the Fed's 2 percent target.

Author: 0 Oil prices slip as production rises

Brent crude was up 53 cents at $76.41 a barrel by 10:52 a.m. EDT (1552 GMT). That move took crude from about $50 a barrel in late 2016 to more than $70 this year. Moscow's pledge in the deal is to shave off 300,000 bpd from the October 2016 level, which was the country's highest monthly production in nearly 30 years-11.247 million bpd.

Markets Uber driver who booted 2 kissing women has licence suspended
Author: 0 Uber driver who booted 2 kissing women has licence suspended

The Taxi & Limousine Commission is also investigating. Iovine and Emma Pichl were taking the Uber from Pig Beach Gowanus to the East Village on Saturday when Iovine gave Pichl a kiss. Elbotari said that he would do the same for a straight couple, but admitted that he has less tolerance for a same-sex couple. We paid for a full Uber ride.

Markets Illegal Defeat Devices Discovered In Daimler Vehicles
Author: 0 Illegal Defeat Devices Discovered In Daimler Vehicles

That said, it has pledged to remove the software and to cooperate with authorities, the ministry said. Germany ordered Monday the recall of some 774,000 vehicles from Mercedes-Benz maker Daimler across Europe, citing illegal "defeat devices" created to hide high levels of harmful emissions from regulators´ tests.

Markets Judge: Gov't evidence
Author: 0 Judge: Gov't evidence "too thin" in AT&T case

The companies then entered into discussions with the DOJ a year ago and rumors surfaced that the agency had suggested some divestitures in order for AT&T to avoid an antitrust lawsuit. Leon said the evidence and testimony provided by the government were faulty and that it never proved the merged entity would have increased leverage over its competitors.

Markets Tesla to Cut 9% of Workers Across Company
Author: 0 Tesla to Cut 9% of Workers Across Company

The job cuts will only impact salaried employees and not production associates, Musk said, as the company continues to struggle to meet its Model 3 production goal of 5,000 sedans per week. The company is making the move now so it never has to do it again, he wrote. The company did not say how much money the cuts would save. In addition to this company-wide restructuring, we've decided not to renew our residential sales agreement with Home Depot in order to focus our efforts on selling ...

Markets WH Adviser Apologizes For 'Special Place In Hell' For Trudeau Remark
Author: 0 WH Adviser Apologizes For 'Special Place In Hell' For Trudeau Remark

So how high are tariffs now? Navarro took a decidedly more conciliatory tone Tuesday, but still asserted that Trudeau had committed a "breach of protocol" that the Trump administration considered "inappropriate". I mean we're the architects of this rules-based, worldwide order on trade and security. "There are more jobs now posted than there are people looking for work in the United States, and we've cut immigration pretty substantially", he said , noting that the country's birth rate ...

Markets Land Rover Discovery model moved to Slovakia from the UK
Author: 0 Land Rover Discovery model moved to Slovakia from the UK

Britain's biggest carmaker, Jaguar Land Rover Automotive Plc , is moving all production of its Land Rover Discovery to Slovakia from a plant near Birmingham, which will be retooled to accommodate a new generation of electric cars. JLR chief commercial officer Felix Brautigam said: "Strong demand for Land Rover vehicles drove our performance in May particularly in the United States and UK".

Markets Domino's fixes roads with ?Paving for Pizza? initiative
Author: 0 Domino's fixes roads with ?Paving for Pizza? initiative

Domino's has even included a road condition meter on its website to show how pizzas are affected by mild, moderate, critical and catastrophic road conditions. The pizza chain has already done work in four cities to fix roads that directly affect their customers. The fixed pot holes are then stamped with a Domino's logo and the motivational slogan "Oh yes we did".

Markets Trump, Kim agree to repatriating United States military remains
Author: 0 Trump, Kim agree to repatriating United States military remains

The joint statement signed by U.S. President Donald Trump and North Korean leader Kim Jong-un stated: "The United States and the DPRK [Democratic People's Republic of Korea] commit to recovering POW/MIA remains, including the immediate repatriation of those already identified".

Markets With a handshake, Trump and Kim begin historic summit
Author: 0 With a handshake, Trump and Kim begin historic summit

But the North has long sought an end to the United States military presence in the South, where Washington has around 28,000 troops stationed to protect it from its neighbour. He expressed hope that Trump and Kim would be able to make progress. Mr Trump's delegation at the luncheon included US National Security Adviser John Bolton, Secretary of State Mike Pompeo, White House Chief of Staff John Kelly and Press Secretary Sarah Huckabee Sanders.

Markets Idaho, Utah among states to get Amazon Whole Foods discounts
Author: 0 Idaho, Utah among states to get Amazon Whole Foods discounts

Amazon is bringing free grocery deliveries from Whole Foods Market to Philadelphia customers in an expansion of its Prime Now express service that also includes Boston, Baltimore and Richmond, Va. "Based on the positive customer feedback and successes we've seen over the past month, we're accelerating our timeline to expand these savings to all of our USA stores".

Markets Tesla Roadster to get optional SpaceX rocket thrusters
Author: 0 Tesla Roadster to get optional SpaceX rocket thrusters

Now, this doesn't mean the electric vehicle will be fully autonomous in august this year. The version 9 update will be pushed out over-the-air to Tesla owners. "All aspects of the crash remain under investigation as the NTSB determines the probable cause, with the intent of issuing safety recommendations to prevent similar crashes".

Author: 0 Elon Musk Sells Out 20,000 Flamethrowers in Just a Few Days

Even Musk has suggested doing things with them that violate the agreement. The product is a bit more like a blow torch than flamethrower, since it only shoots flames four feet. I will not use this in an unsafe way. Some of the first customers were already trying to turn a profit. On eBay, interested buyers can bid on several listings for the Boring Co.'s " Not a Flamethrower ".

Markets Trump and Kim meet in Singapore
Author: 0 Trump and Kim meet in Singapore

While the Air Force One carrying Donald Trump landed in Singapore on Sunday evening, Kim Jong-un reportedly travelled by a Chinese plane, deployed for his personal use, and was received by Singaporean foreign minister. North Korea, however, has shown little appetite for surrendering nuclear weapons it considers vital to the survival of Kim's dynastic rule. This week, the president said he looked forward to getting to know his new negotiating partner.

Markets White House says Trump plans early summit departure
Author: 0 White House says Trump plans early summit departure

Kim denounced the USA president as the "mentally deranged US dotard" who would be "tamed. with fire". Trump has downplayed what will come from the meeting, and told reporters last week that it is likely to be just the start. would exchange "wide-ranging and profound views" on establishing new relations, building a "permanent and durable peace-keeping mechanism", achieving denuclearization and "other issues of mutual concern, as required by the changed era".

Markets Ditching entourages, Trump and Kim Jong Un to meet 1 on 1
Author: 0 Ditching entourages, Trump and Kim Jong Un to meet 1 on 1

But last month, Trump abruptly cancelled the Singapore summit, citing the "tremendous anger and open hostility" by Pyongyang. Reclusive North Korean leader Kim Jong Un went on an evening tour of Singapore on Monday, posing with city-state officials at a tropical garden before visiting an infinity pool atop a landmark waterfront hotel, to the surprise of guests.

Author: 0 Pompeo says North Korea will get 'unique' security guarantees

Even after the White House confirmed the summit, the run-up to it was not without roadblocks . "We can go fast, we can go slowly", Trump said . "In light of how many flimsy agreements the United States has made in previous years, this president will ensure no potential agreement will fail to adequality address the North Korean threat".

Markets Trump doubles down on criticism of EU, Canada
Author: 0 Trump doubles down on criticism of EU, Canada

James Smith, a spokesman for the federal New Democratic Party, which is left of center, echoed those on the right. In a tweet Sunday, Collins said Maine's "special relationship" with Canada includes daily cross-border commutes for Canadian nurses who work in Maine.

Author: 0 Britain's Poundworld goes into administration, putting 5,100 jobs at risk

Clare Boardman, joint administrator at Deloitte , said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". Several retailers have shown significant financial distress this year, with both Maplin and Toys R Us disappearing from the high street. The company says there are no redundancies or store closures at this time.

Markets Bitcoin Meltdown: Cryptocurrencies Lost $42 Billion in Value Over the Weekend
Author: 0 Bitcoin Meltdown: Cryptocurrencies Lost $42 Billion in Value Over the Weekend

On the Luxembourg-based Bitstamp, bitcoin was last trading at $6,763.96, down a sharp 11.2 per cent from Friday, having fallen roughly 65 per cent from its all-time peak hit around mid-December 2017. Coinrail said hackers stole cryptocurrencies over the weekend including Pundi X, Aston and NPER. "Two-thirds of stolen cryptocurrencies were withdrawn or frozen in partnership with related exchanges and coin companies.

Markets Kia recalls more than 500K vehicles; air bags may not inflate
Author: 0 Kia recalls more than 500K vehicles; air bags may not inflate

The Kia Sedona will have to head back as NHTSA reports that there is an issue with the sliding doors that might cause injuries to the driver or passenger. Kia says it's working on a remedy and will notify owners June 27. Hyundai recalled more than 580,000 Sonata cars in April, including 2011-2013 Sonata sedans and 2011-2012 Hybrid vehicles.

Author: 0 Pompeo tries to reassure North Korea about denuclearization

Pompeo, who was in Singapore , did not go into specific details about how the US would secure the country, but he said talks between the USA and North Korea are moving briskly. Recently, Trump himself tried to lower expectations for the talks in Singapore . "North Korea's nuclear command, control, communications and intelligence is configured to promote a high degree of centralization in Kim's decision-making, it beggars belief that Kim would not be within secure reach to authorize a ...

Markets Lindsey Graham to Democrats: Either 'Peace or War' with North Korea
Author: 0 Lindsey Graham to Democrats: Either 'Peace or War' with North Korea

Despite the initial high stakes of a meeting meant to rid North Korea of its nuclear weapons, the talks have been portrayed by Trump in recent days more as a get-to-know meeting. In a statement, US State Secretary Mike Pompeo said "The president is well-prepared for tomorrow's engagement with Chairman Kim". While Kim and his delegation are now staying at the St.

Markets Trump says North Korea summit is 'one-time shot' for Kim
Author: 0 Trump says North Korea summit is 'one-time shot' for Kim

He previously threatened "fire and fury" if Kim threatened the USA or its rivals and called off Tuesday's summit after taking offence at North Korean statements. Kim and Ri both joined Kim Jong Un for the April 27 inter-Korean summit, and Kim Yong Chol recently traveled to the U.S.to meet Secretary of State Mike Pompeo before delivering a letter from Kim Jong Un to Trump at the White House.

Markets G7 says to fight protectionism, cut barriers after summit
Author: 0 G7 says to fight protectionism, cut barriers after summit

The Canadian prime minister's office responded to Trump's tweets accusing Trudeau of "false statements" on Saturday, saying that the Prime Minister said nothing during the G7 summit that he had not said previously. "If they retaliate, they're making a mistake", Trump declared before departing the annual Group of Seven summit, which includes Britain, Italy, France, Germany and Japan.