Economy

Trump says Saudi journalist likely dead, threatens 'severe' consequences

Trump says Saudi journalist likely dead, threatens 'severe' consequences He said that Saudi leaders, including the crown prince, "assured me that they will conduct a complete, thorough investigation of all of the facts surrounding Mr. "Meanwhile hypocrites continue to trade weapons and prop up a Saudi regime wanted for murder, torture, starvation and genocide". "Here is the head of the execution team", said Sabah's headline, and the paper then detailed Mutreb's movem... [Full Article...]

Canada pot stores run out of supplies

Canada pot stores run out of supplies The country's five largest marijuana companies, Canopy included, have swollen in market value from $4 billion to almost $40 billion in the a year ago, according to The Journal. The governing Liberal Party holds a majority in Parliament, so passage is largely assured. You can not bring weed legally purchased in Canada back into the United States. [Full Article...]

Burger King's New Halloween-Themed Burger May Give You Nightmares

Burger King's New Halloween-Themed Burger May Give You Nightmares Freddy Krueger did wear a chef's hat in one of his many incarnations, and now we might know which kitchen he was cooking in, as Burger King proudly presents this year's Halloween burger: the Nightmare King . Another participant recalled someone in her dream turned into the burger - and that person then turned in to snake. Dr. Medina went on to say that the unique combination of proteins and... [Full Article...]

What Trump Says Is the Biggest Threat to His Presidency

Several participants at the central bank's September rate-setting meeting expressed support for raising the base rate above a neutral level to keep inflation in check, according to minutes released last night. But "I don't think the fact that he has publicly criticized the Fed, in any way shape or form, is going to impinge upon (its) independence", he told Reuters. [Full Article...]

PH, others warned of 'economic damage' as oil prices soar

PH, others warned of 'economic damage' as oil prices soar Brent crude last week reached Dollars 86.74, the highest since 2014. "Now to meet the future needs of both India and the world in the period up to 2040, the required global oil sector investment is estimated at $ 11 trillion ". He added that India is projected to see the largest additional oil demand, growing at the fastest pace of 3.7 percent a year, by 2040. Indian officials have flagged w... [Full Article...]

Tether's 4% Decline Seen As Significant Move Towards Crypto Market Growth

Tether's 4% Decline Seen As Significant Move Towards Crypto Market Growth Bitfinex claims it is not insolvent despite the stream of media articles claiming so. Well, Bitfinex has released a statement, saying that it has obtained the approval of its banks to enable fiat withdrawal and deposits. According to Tether, the audit was canceled because Friedman LLP was taking too long, its procedures were too detailed, and it would be impossible to complete the audit in ... [Full Article...]

Liam Fox and Steven Mnuchin boycott Saudi 'Davos' forum over Jamal Khashoggi

Liam Fox and Steven Mnuchin boycott Saudi 'Davos' forum over Jamal Khashoggi The letter cited decades of business deals and asked Trump to provide information regarding recent and future financial ties to Saudi Arabia . Meanwhile, the Washington Post has published the last column Mr Khashoggi wrote before his disappearance . [Full Article...]

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

Pot Stocks Tumble in First Hours of Canada’s Legal Weed Market The US Customs and Border Protection held a briefing with journalists on Tuesday, noting that marijuana remains illegal under US federal law and those caught at the border with pot are subject to arrest and prosecution. He has voiced concern over the lack of concrete decisions made between the Canadian and American governments on the issue of marijuana legalization. To keep prices competitive ... [Full Article...]

Trump calls Federal Reserve his 'biggest threat'

Trump spoke during a Tuesday interview with "Trish Regan Primetime" on Fox Business Network. Nonetheless, in the face of a hot labor market and signs of inflation, the Fed has settled into a gradual policy tightening and is expected to raise interest rates again in December. [Full Article...]

Florida ticket wins $2 million as Powerball jackpot swells to $430 million

Florida ticket wins $2 million as Powerball jackpot swells to $430 million The jackpot will grow to an estimated $430 million for Saturday's drawing. There were some big winners Wednesday night, though, including one ticket sold in Florida worth $2 million because it matched five numbers and the Power Play. "Everyone is talking about the jackpot and running out to buy tickets for tonight's drawing", Gordon Medenica, Mega Millions lead director and Maryland Lottery and ... [Full Article...]

Donald Trump moves to leave postal union in latest jab at China

Donald Trump moves to leave postal union in latest jab at China The White House has said it will notify the union on Wednesday that it is beginning the year-long withdrawal process, though senior officials said their end goal is not to withdraw, but rather to renegotiate fairer rates. "All parties should pay the same parcel delivery rates for the same services from the U.S. Postal Service, regardless of whether the country of origin is foreign or domestic". [Full Article...]

Trump widens Fed critique, calls it 'my biggest threat'

Trump widens Fed critique, calls it 'my biggest threat' President Donald Trump's view that the tightenings have already gone too far. The central bank hiked short-term rates during the meeting, the third increase of 2018. Raising rates is the Fed's way of lowering the risk of runaway inflation, which happens when competition for labor and a shortage of goods in a fast-growing economy leads to big increases in wages and prices. [Full Article...]

Britain's Cuadrilla starts fracking for gas after seven-year pause

Britain's Cuadrilla starts fracking for gas after seven-year pause The company that will go ahead with the fracking, Cuadrilla Resources, confirmed on Friday that it planned to go ahead with hydraulic fracturing operations at its Preston New Road shale gas exploration site in Lancashire on Saturday, October 13. [Full Article...]

Audio recording emerges of 'murder' of Saudi journalist

Audio recording emerges of 'murder' of Saudi journalist They had come to kill him", the source said. Although Turkish officials have claimed that Khashoggi was murdered, no official explanation has been offered about his whereabouts. Regarding Turkey-U.S. relations after releasing Pastor Andrew Brunson, who was arrested in December 2016 over alleged ties to the Fetullah Terrorist Organization (FETO) - the group behind a defeated coup earlier that yea... [Full Article...]

Canada has 'worrying' questions about disappearance of Khashoggi: Freeland

Canada has 'worrying' questions about disappearance of Khashoggi: Freeland The US State Department said he expressed concern about Khashoggi's disappearance during the meeting and told the Turkish president Washington was willing to help with the investigation. The Journal , like CNN , said the Saudi statement has not been finalised. Khashoggi's alleged killers tortured the journalist during interrogation by cutting his fingers off, Yeni Safak said, claiming... [Full Article...]

Health and IT push Britain down global league table

Health and IT push Britain down global league table Each indicator uses a scale from 0 to 100, to signify how close an economy is to the ideal state or "frontier" of competitiveness. In the World Economic Forum's annual report, it was ranked eighth out of 140 economies, compared with sixth out of 135 a year ago. [Full Article...]

Turkish official says police found evidence of Khashoggi slaying

Turkish official says police found evidence of Khashoggi slaying The search came after Turkish President Recep Tayyip Erdogan and King Salman also had their first telephone talks since the controversy erupted, in what appeared to be a conciliatory conversation according to official readouts. "We remain very troubled by the disappearance of prominent Saudi journalist Jamal Khashoggi ". Khashoggi's disappearance has caused US -based companies, including Uber... [Full Article...]

Lyft offering 30-ride subscription plan for $299 per month

Lyft offering 30-ride subscription plan for $299 per month That represents a monthly savings of $149 for frequent users compared to a la carte charges, but riders pay the difference for trips that cost more than $15. If you frequently take short hops across town and don't mind giving up the freedom of a personal vehicle, Lyft's All-Access Plan could make solid financial sense, given the high costs of purchasing, maintaining and insuring a vehicle. [Full Article...]

Numbers for Mega Millions drawing

Numbers for Mega Millions drawing No ticket was sold that matched all six winning numbers, meaning the jackpot now climbs to $868 million. The odds of hitting the jackpot by matching all six numbers correctly are an astronomical one in 302.6 million, but the odds of turning a Mega Millions ticket into a victor of any kind, including a $2 prize simply for matching the "Mega ball", are a more down-to-earth one in 24. [Full Article...]

Saudi Arabia Says It Will Increase Output To Keep Oil Market Stable

Saudi Arabia Says It Will Increase Output To Keep Oil Market Stable What's next for the oil price - $100 by the end of the year? Oil prices fell on Tuesday on evidence of higher US oil production and increasing USA crude inventories, but reports of a fall in Iranian oil exports helped to limit losses. [Full Article...]


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