Markets

Markets Key groups urge Turkey to seek United Nations probe of missing Khashoggi
Author: 0 Key groups urge Turkey to seek United Nations probe of missing Khashoggi

Trump said that he has spoken to the Crown Prince Mohammed bin Salman and the kingdom continues to steadfastly deny any involvement in Khashoggi's suspected murder. and disturbing". The president also said consequences would have to be "very severe" if it turns out Saudi Arabia is responsible for Khashoggi's death.

Markets What Trump Says Is the Biggest Threat to His Presidency
Author: 0 What Trump Says Is the Biggest Threat to His Presidency

Senior Federal Reserve officials believe that interest rate hikes should continue until the economy slows down, according to minutes from the central bank's September meeting. The next rate rise could come as soon as December. Traders of futures contracts tied to the Fed's policy rate see rates topping out at about 3 percent.

Markets Annual US budget deficit hits $779 bn, highest since 2012: US Treasury
Author: 0 Annual US budget deficit hits $779 bn, highest since 2012: US Treasury

The 2018 budget deficit was lower than the 34 percent that the Trump administration had been predicted in August . President Donald Trump hails the tax cuts as a boon to the economy, but corporate tax receipts dropped sharply and America's growing debt burden to finance the deficit became increasingly costly, the Treasury Department said.

Markets In his 'last' column, Khashoggi wrote on threats to free media
Author: 0 In his 'last' column, Khashoggi wrote on threats to free media

The US secretary of state told reporters on Wednesday that he didn't want to get into specifics while discussing the circumstances surrounding the disappearance of Jamal Khashoggi , who was last seen entering the Saudi consulate in Istanbul , Turkey on October 2.

Author: 0 Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market

Canopy's Chief Executive Bruce Linton rang in the first sales to residents Ian Power and Nikki Rose. Shopify Inc., which is providing point-of-sale and e-commerce services to cannabis retailers, led declines midday, followed by medical pot producer Tilray Inc.

Markets Pressure on Saudis over missing Khashoggi
Author: 0 Pressure on Saudis over missing Khashoggi

Mr. Trump said, "so far it's just the rumor of a report coming out". Pompeo was dispatched by President Trump on Monday to meet with leaders in both countries. investigation of whether human rights sanctions should be imposed over the disappearance. "I keep hearing that we're giving them some benefit of the doubt ", Pompeo told reporters .

Markets Saudi preparing report to admit Khashoggi was killed
Author: 0 Saudi preparing report to admit Khashoggi was killed

Pro-government Turkish media published gruesome new allegations Khashoggi was killed by being gradually dismembered by a Saudi assassination squad some of whom the New York Times said were tied to Crown Prince Mohammed bin Salman. "It sounded to me like maybe these could have been rogue killers ". Pompeo arrived in Ankara after talks with Saudi officials in Riyadh. JPMorgan Chase CEO Jamie Dimon, Ford chairman Bill Ford and Larry Fink, the head of investment giant BlackRock, were ...

Markets Committed to meet India's oil demand: Saudi Energy Minister
Author: 0 Committed to meet India's oil demand: Saudi Energy Minister

News reports and Iranian government documents indicate that Iran has in some cases lowered prices and offered discounts to maintain sales as sanctions loom. U.S. oil prices extended gains on Wednesday after industry data showed a surprise decline in USA crude inventories. Saudi Arabia, which initially declared they didn't know who the journalist was, has changed their officialy narrative multiple times, claiming that the journalist had left the embassy and then gone missing, and now the ...

Markets Audi fined $1.3 billion in Germany over Dieselgate engines
Author: 0 Audi fined $1.3 billion in Germany over Dieselgate engines

VW was fined for developing and selling polluting four cylinder engines, while prosecutors in Munich at the time said they were examining whether to impose similar fines Audi . Former chief Martin Winterkorn and other executives face criminal charges in the United States, though they can not legally be extradited. Investigators pursued Audi over V6 and V8 engines it built into its own vehicles, VW's own-brand cars and models from fellow subsidiary Porsche, as well as over Audi ...

Markets Suspects in Saudi journalist case tied to top prince
Author: 0 Suspects in Saudi journalist case tied to top prince

It was leaked to multiple news outlets yesterday that perhaps the Saudis would accept responsibility for Khashoggi's death, while blaming "rogue actors" in the Saudi intelligence service. "Who knows?" the president said, describing the situation as "terrible". Pompeo then met a smiling Prince Mohammed, the 33-year-old heir apparent to the throne of the world's largest oil exporter.

Markets MEGA MILLIONS: Check out Tuesday's winning numbers for $667 million jackpot
Author: 0 MEGA MILLIONS: Check out Tuesday's winning numbers for $667 million jackpot

Tonight's potential record jackpot is worth $667 million or a cash lump sum of $380 million. According to Mega Millions , it's the third-highest lottery jackpot in USA history. It costs $2 to play the game, but the odds of winning the jackpot aren't good. The Mega Millions prize was already giant, but now it's even bigger.

Markets Judge approves Elon Musk’s $40m settlement with SEC over tweets
Author: 0 Judge approves Elon Musk’s $40m settlement with SEC over tweets

The electric-car maker submitted a trademark application on October 8 for Teslaquila, describing the planned product as a distilled agave liquor . Furthermore, the document states that Musk will have to "comply with all mandatory procedures implemented by Tesla " regarding communications relating to the firm, including in social media, press releases , and even investor calls.

Markets Sanctions against Saudi would ‘rock the world’ says Saudi state owned press
Author: 0 Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

The State Department has urged a thorough investigation into Khashoggi's disappearance and called on Saudi Arabia to be transparent about the results - advice broadly tracking messages from allies in Europe. In an article titled "Silicon Valley's Saudi Arabia Problem", the New York Times outlines how liberal Silicon Valley tech firms struggle with the issue of taking money from Saudi Arabian investors while ignoring the countries many human rights violations.

Markets Major outage prompts outcry on social media — YouTube down
Author: 0 Major outage prompts outcry on social media — YouTube down

Cord Cutters News is reaching out to Google for comment and will update this story as we learn more. No further information on the issue is available. YouTube users have been confronted with error messages as they tried to login, upload or watch content on the hugely-popular video platform. "A team of highly trained monkeys has been dispatched to deal with this situation", the notice said.

Markets More than $1 billion up for grabs in upcoming lottery drawings
Author: 0 More than $1 billion up for grabs in upcoming lottery drawings

The last time anyone won the Mega Millions jackpot was July 24, when a group from California claimed a $543 million prize. That's the fourth largest lottery prize in USA history. There's $ 345 million up for grabs. The chance of matching all six numbers is one in 302 million. The cash option, which is favored by almost all winners, is $372 million.

Markets Air India flight attendant falls from plane
Author: 0 Air India flight attendant falls from plane

Ms Lobo has a compound fracture in the right leg, both heels and soft tissue injuries to her chest, abdomen and lower spine, said hospital sources. The flight bound for Delhi and scheduled to depart at 7 am, finally departed at 8.30 am. In December 2015, a technician working for Air India died after being sucked into a jet engine as the plane pushed back for take-off at Mumbai airport.

Markets Saudis preparing to acknowledge journalist died after interrogation 'went wrong'
Author: 0 Saudis preparing to acknowledge journalist died after interrogation 'went wrong'

Saudi Arabia said it would retaliate to any action against it over the Khashoggi case, state news agency SPA reported on Sunday, quoting an official source. But he has said repeatedly that he does not want to halt a proposed $110 billion arms sale to Saudi Arabia - as some in Congress have said he should - because it would harm the United States economically.

Markets Saudis Lash Out At US In Complete Deterioration Of Relations
Author: 0 Saudis Lash Out At US In Complete Deterioration Of Relations

This statement came after the Saudi stock market plunged by almost 7 percent at one point on Sunday. The official said Riyadh would "respond to any action with a bigger one", pointing out that the oil superpower "plays an effective and vital role in the world economy".

Markets Sears, once a retail titan, files for Chapter 11 bankruptcy
Author: 0 Sears, once a retail titan, files for Chapter 11 bankruptcy

Lampert, who is Sears's biggest shareholder and will remain as chairman, acknowledged in the statement that turnaround efforts so far have fallen short. That might be true in part, but Sears has done much to hasten its own demise. Sears dates back to the late 1880s. Bankruptcy law allows creditors to argue that money moved out of their reach in the period leading up to a bankruptcy was unlawfully transferred - if they can show the company was already essentially insolvent.

Markets Sears files for bankruptcy amid plunging sales, massive debt
Author: 0 Sears files for bankruptcy amid plunging sales, massive debt

Negotiations over the fate of the fallen company have been continuing this week, as it faces a critical $134 million of debt that is maturing on October 15. The number of stores peaked in 2012 at 4,000, including its Sears Canada division that was later spun off. Mr Lampert personally owns 31% of the company's shares.

Markets World Oil Market Well Supplied For Now, Says IEA
Author: 0 World Oil Market Well Supplied For Now, Says IEA

Earlier this week, the Energy Information Administration boosted its forecast for USA oil production , which added another headwind. Worldwide benchmark were at $74.63 per barrel at 0422 GMT, down 18 cents, or 0.2 percent, from their last close.

Markets Watch Boston Dynamics' Atlas Robot Do Parkour
Author: 0 Watch Boston Dynamics' Atlas Robot Do Parkour

Atlas is already capable of walking and running on uneven surfaces, righting itself after being knocked over, jumping, and executing backflips that would make an Olympic gymnast proud. The combination of real-time computer vision and control software, that balances legs, arms and torso, affirms Atlas as one of the most physically impressive robots ever developed.

Markets The mystery of Jamal Khashoggi
Author: 0 The mystery of Jamal Khashoggi

But Riyadh vowed to hit back against any punitive measures. " The Kingdom also affirms that if it receives any action, it will respond with greater action, and that the Kingdom's economy has an influential and vital role in the global economy ".

Markets Automobile Industry - BMW Aims Full Control of China Venture
Author: 0 Automobile Industry - BMW Aims Full Control of China Venture

As part of the deal, BMW will increase its stake in the joint venture with Brilliance China Automotive, its Chinese partner, from 50% to 75%, sources with knowledge of the matter confirmed. The move will likely spur BMW to shift more production to China, helping to protect profits amid a whipsawing trade war between Washington and Beijing that has raised the cost of BMW importing cars manufactured at its United States plant in SC.

Markets Singapore Airlines Re-Launches World's Longest Flight
Author: 0 Singapore Airlines Re-Launches World's Longest Flight

From Singapore to Newark, the flight will run about 17 hours and 25 minutes; it's the return flight from Newark to Singapore that will likely exceed 19 hours . Singapore Airlines told press outlets the demand for non-stop services inspired them to create this route; they're not surprised people are buying these tickets.

Markets Oil extends losses as other markets fall, stockpiles climb
Author: 0 Oil extends losses as other markets fall, stockpiles climb

Oil has rallied this year on expectations the sanctions, coming into force on November 4, will strain supplies by lowering shipments from Iran, OPEC's third-largest oil producer. As mentioned in yesterday's daily update, October exports have fallen to around 1M barrels a day (from a peak of 2.5M earlier this year) according to tanker and industry sources.

Markets Mega Millions draws for $548M
Author: 0 Mega Millions draws for $548M

Mass Lottery spokesman Christian Teja said this weekend's drawings will total over $865 million, with tomorrow's Powerball jackpot estimated at $314 million. Someone in the United States could suddenly find themselves worth more than a half-billion dollars Friday night. The immediate cash value of the prize, which winners can opt to take, is $309 million.

Markets DoubleLines Gundlach: Rates a big part of sell-off
Author: 0 DoubleLines Gundlach: Rates a big part of sell-off

Mnuchin, speaking to reporters on the sidelines of the International Monetary Fund and World Bank annual meetings in Bali, also said that Chinese officials had told him that they did not want to see a further depreciation of the yuan's exchange rate, an issue that the United States has been very concerned about.

Markets Have 19 hours? World’s longest commercial flight takes off
Author: 0 Have 19 hours? World’s longest commercial flight takes off

The details further said that the flight has been created to carry 161 passengers which include 67 in the business class and 94 in the premium economy. The workload was divided up, with each pilot having a minimum eight hours' rest during the flight. When they land in NY, pilots have three nights off before flying back to Singapore.

Markets Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)
Author: 0 Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

Tesla has to pay a separate $20 million fine, which the SEC said will be returned to investors. Tesla made an SEC filing in 2013 that said Musk's tweets qualified as company disclosures. In addition to the monetary penalties, the settlement requires Musk to resign from his role as chairman of the board at Palo Alto, Calif. -based Tesla and "comply with mandatory procedures to be adopted by Tesla concerning the oversight and approval of his Tesla-related public statements", according to the ...

Markets Trump’s China tariffs massively backfire as trade deficit smashes record high
Author: 0 Trump’s China tariffs massively backfire as trade deficit smashes record high

China enjoyed a record high $34.1 billion trade surplus with the U.S.in September, taking the surplus for the year to date to $225.8 billion, according to Chinese statistics released on Friday. As the trade war between the USA and China escalates, . Lowered manufacturing output reported at the end of September in China indicates that the tariffs may be starting to bite Beijing .