Economy

Apple Denies Hacking Claim, Wants Report Taken Down

Apple Denies Hacking Claim, Wants Report Taken Down Cook's comments appear to be the first time Apple has publicly called on a media organization to pull a news story . They need to withdraw this report, at present Apple has not expressed its position and plans to take legal action against Bloomberg . [Full Article...]

Combined Mega Millions & Powerball Jackpots Will Top $1 Billion

Combined Mega Millions & Powerball Jackpots Will Top $1 Billion Although the Mega Millions prize has grown larger, the odds of winning remain the same at one in 302.5 million. Players win millions in American jackpot prizes, online! So how can you play Powerball and Mega Millions from outside the United States? The store received $1 million from Mega Millions for making the sale. [Full Article...]

How Mega Millions created monstrous jackpots -- but made them harder to win

How Mega Millions created monstrous jackpots -- but made them harder to win As more tickets sell, chances grow that at least one buyer will pick all six winning numbers. Reports indicate that almost 280 million tickets were purchased for the drawing. Many hopefuls haven't played before. Lottery officials said the move was a pure answer to its players' calls. "They don't know what to do". The 24 semi-weekly Mega Millions draws have failed to produce a top victor since ... [Full Article...]

Trump administration won’t brand China currency manipulator

Trump administration won’t brand China currency manipulator But that puts trading partners and others at a disadvantage. Treasury's currency watch list remained the same, naming China , Japan , South Korea, India, Germany and Switzerland. While the Fed's policy outlook suggested the US economy was humming along nicely, the spectre of rising dollar yields, which along with trade tensions were at the centre of last week's global equities rout, dented a... [Full Article...]

Mega Millions Ticket Sold in Morgan Hill Worth More Than $3 Million

Mega Millions Ticket Sold in Morgan Hill Worth More Than $3 Million Five of the top ten Mega Millions drawing have taken place in the last three years. The theory was that bigger jackpots would draw more attention, leading more players to plop down $2 for a Mega Millions or Powerball ticket. A lucky American could walk away with $1.6 billion (£1.2 billion) in prize money after the latest round of the country's lottery draw failed to produce a victor. [Full Article...]

"‘We are hungry!" Migrants wail at Mexico-Guatemala border

President Donald Trump's threats of retaliation. A chaotic scene unfolded as a massive caravan of Honduran migrants reached the Guatemala-Mexico border Friday. "In Mexico, we have the rule of law, and we shall apply-enforce the law, but there will also be a humanitarian way that we will think about the migrant in the first place", said Mexican Foreign Secretary Luis Videgaray, minister of fo... [Full Article...]

Cyprus airline Cobalt halts flights amid lack of investment

Cyprus airline Cobalt halts flights amid lack of investment A senior executive from the airline, Philokypros Roussounides, told AP on Thursday that Cobalt's six Airbus passenger jets have been grounded. Cyprus' ministry of transport advised stranded passengers to book a flight home on another airline and keep "all the evidence and receipts to be eligible for reimbursement". [Full Article...]

Oil Slips Below $80 On Rising US Stockpiles

Oil Slips Below $80 On Rising US Stockpiles Kumar said India's "expectations" have been made known to the US side, adding India appreciated the statement made by US Secretary of State Mike Pompeo that intention of imposing sanctions on Iran is not to hurt India. Front-month London Brent crude for delivery in December was higher 13 cents, or 0.2 percent, at $80.18, having ended down 1.7 percent. But analysts widely expect that number w... [Full Article...]

Advertisers Accuse Facebook of Knowingly Overestimating Video Viewing

Advertisers Accuse Facebook of Knowingly Overestimating Video Viewing This calculation tactic inflated the average viewing times by 60-80%, the social network told an ad-buying agency at the time. A group of small advertisers is suing Facebook alleging unfair business practices and fraud . And you probably scroll right past these videos without even watching them! According to the company, while Facebook executives were insisting that video consumption was ... [Full Article...]

Sales, profits surge at Netflix

Sales, profits surge at Netflix Netflix is trying to slough off a subscriber growth slump that is causing some analysts from Goldman Sachs and Raymond James to slash their 12-month price targets for the stock. Netflix faces increased competition from traditional media companies and giants such as Amazon and its costs have been growing as it spends more on its own material. [Full Article...]

Paddington station closed after damage to electric wires

Paddington station closed after damage to electric wires GWR said that "virtually no train service" has run between Paddington and Reading since 7.30pm yesterday. "We apologise to passengers who have been affected by this major incident". Commuter Ava Farringdon, 29, a civil servant, said service had been poor in general since the introduction of new electric trains a year ago. Following the damage in Ealing, GWR advised passengers that they could us... [Full Article...]

Facebook to educate users on protection of accounts ⋆

Facebook to educate users on protection of accounts ⋆ In addition to Facebook , the Federal Bureau of Investigation and the privacy watchdog in Ireland, where the company's worldwide headquarters is located, also investigate the case. One million users had no details accessed. The attackers were able to access the accounts as if they were owners, but have, according to the social network, not published or modified content. [Full Article...]

China's 3Q GDP growth slowest since 2009

China's 3Q GDP growth slowest since 2009 China's third quarter economic growth slowed to its weakest pace since the global financial crisis, and missed expectations, as a campaign to tackle debt risks and the trade war with the U.S. Separate data on Friday showed China's factory output growth weakened to 5.8 percent in September from a year earlier, missing expectations while fixed-asset investment expanded at a slightly faster-than-expe... [Full Article...]

The Italian government will support the extension of European Union sanctions against Russian Federation

The Italian government will support the extension of European Union sanctions against Russian Federation Previously on 24 channel wrote that Italy will propose to the European Union to resume funding of small and medium private business in Russian Federation at the EU summit in Brussels this week. Citing anonymous diplomats, Reuters said the new cybersanctions plan is meant to strengthen European Union defenses and deterrence against Russian cyberattacks, which have been at the center of recent alleg... [Full Article...]

Saturday Powerball Reaches $253M Jackpot

Saturday Powerball Reaches $253M Jackpot There was no jackpot victor in last Tuesday's drawing . The $420 million is the 4th largest Mega Millions jackpot of 2018. For Mega Millions , it's 1 in 302,575,350. Data scientists say the odds of winning are at 1 in 258.9 million for Mega Millions and 1 in 292.2 million for Powerball. Winning numbers can be found at retailers statewide, on the Lottery's website and by phone at 850-... [Full Article...]

Facebook shareholders back proposal to remove Zuckerberg as chairman

Facebook shareholders back proposal to remove Zuckerberg as chairman On Wednesday morning, state treasurers from Illinois , Pennsylvania and Rhode Island, along with the comptroller of New York City signed a proposal that was issued in June by Trillium Asset Management. "Facebook plays an outsized role in our society and economy". A similar proposal was defeated by stockholders in 2017. According to the Wall Street Journal , NYC's pension fund held 4.7 mill... [Full Article...]

Despite Trump criticism, Fed policymakers see need for more rate hikes

Despite Trump criticism, Fed policymakers see need for more rate hikes President Donald Trump has previously accused China of keeping its currency weak to make exports more competitive. "I put him there and maybe it's right, maybe it's wrong but I put him there". The Dow Jones industrial average on Wednesday fell 91.74 points, to 25,706.68. While no countries were officially given that designation, Treasury Secretary Steven Mnuchin cautioned that China was "of part... [Full Article...]

Tesla announces a cheaper, midrange version of the Model 3

Tesla announces a cheaper, midrange version of the Model 3 However, as Reuters reports, this week Tesla introduced a rear-wheel drive mid range battery model for $45,000. The battery pack itself, according to a Tweet from Musk, is from the Long Range model. Musk has promised a version of the Model 3 with a base price of $35,000, which has yet to be realized. It has what the carmaker describes as "a unique architecture that is not yet in production". [Full Article...]

Trump, China tariff, trade war: U.S. postal treaty pull out attacks China

Trump, China tariff, trade war: U.S. postal treaty pull out attacks China Chinese companies take advantage of the lower rate to ship packages into the US for cheap, allowing for as much as a 70 percent discount on small packages arriving from the country, according to officials. Trump administration officials say the leg up, granted under a 1969 provision, was meant to promote growth in poor countries. They argued that the treaty allows foreign postal services, es... [Full Article...]

Tesla signs deal with Shanghai to build first overseas Gigafactory

Tesla signs deal with Shanghai to build first overseas Gigafactory Tesla's investment in China, the world's largest auto market, can help it effectively dodge import duties levied on foreign-made vehicles in China, which can be as high as 40 per cent. The company said it was accelerating the construction of the factory, and expected it to be capital-efficient with a rapid build out after learning "many lessons" from the launch of its Model 3 in North America. [Full Article...]


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