Economy

US Economy Grew At 3.5% Rate in Third Quarter

US Economy Grew At 3.5% Rate in Third Quarter In 2018, the PPI is forecast to grow 3.09 percent this year, a fall of 3.21 percentage points from a year ago, and in 2019, the figure will be 1.16 percent. "Month by month, we've seen consumer confidence rise, the job market strengthen, and unemployment decline", Speaker of the House Paul Ryan (R-Wisc., pictured above left) said in a statement . [Full Article...]

Oil prices drop as focus shifts to oversupply

Oil prices drop as focus shifts to oversupply That accounted for 12.9% of the world's oil production, which is in the range of the world's two other major oil production superpowers - Russian Federation and the U.S. US crude production is soaring, boosted by technological advances. Distillate stockpiles decreased by 2.26 million barrels in the week. EIA's October Short-Term Energy Outlook (STEO) forecast Brent crude oil spot prices in the... [Full Article...]

Oil prices drop as focus shifts to oversupply

Oil prices drop as focus shifts to oversupply That accounted for 12.9% of the world's oil production, which is in the range of the world's two other major oil production superpowers - Russian Federation and the U.S. US crude production is soaring, boosted by technological advances. Distillate stockpiles decreased by 2.26 million barrels in the week. EIA's October Short-Term Energy Outlook (STEO) forecast Brent crude oil spot prices in the... [Full Article...]

All-new Volkswagen T-Cross small SUV revealed

All-new Volkswagen T-Cross small SUV revealed Skoda has assumed responsibility in the INDIA 2.0 project for the Volkswagen Group and it is crucial in the future sustainability and profitability of the world's largest automaker by sales volume in the domestic market. The top petrol model is the 1.5 TSI four-cylinder engine with 150PS. In addition to that, the T-Cross' width of 1,760 mm also shadows that of the 2008 (1,739 mm). [Full Article...]

US brands falter in Consumer Reports auto reliability survey

US brands falter in Consumer Reports auto reliability survey Lexus and Toyota once again were at the top. The survey released Wednesday found that readers are having more trouble with technology created to increase fuel economy than they are with electronic infotainment systems, long a bugaboo for automakers and vehicle owners. [Full Article...]

How man's broken hip led to him winning major lotto prize

How man's broken hip led to him winning major lotto prize Mr Livingston had to be hospitalised at Jefferson Stafford Hospital and missed out on buying an entry. A hospital worker heard the news and invited him to join an employee pool. The Powerball jackpot has rolled over since it was last won in August, the lottery said. Only days ago, the scramble to buy tickets was highlighting some basic aspects of human nature: Money isn't only about wealth, and ... [Full Article...]

Musk Says Tweet That Cost Him $20 Million Was `Worth It'

Musk Says Tweet That Cost Him $20 Million Was `Worth It' Tesla shares leapt 9.8 percent to US$316.80 in after-market trades after the earnings release. For the same period a year ago the company reported a loss of $619 million. In order to increase the affordability of the Model 3, Tesla accelerated its manufacturing timeline in China. "We reaffirm our prior guidance that we expect to again achieve positive GAAP net income in Q4", Musk and Ahuja s... [Full Article...]

China 'creates two billionaires a week'

China 'creates two billionaires a week' In 2017, the USA created 53 new billionaires, compared with 87 five years ago. China is fast becoming the global hub for billionaires, according to a new report from UBS and PwC . U.S. entrepreneurs could play catch-up next year, though. Billionaires from Asia, especially in the Chinese city of Shenzhen, are now challenging the traditional dominance of Americans as technology entreprene... [Full Article...]

Markets Right Now: Wall Street is rocked by more selling

Markets Right Now: Wall Street is rocked by more selling The S&P 500 and Dow are now down for the year again. As of this week, the Dow Jones and S&P 500 indexes have given up the gains they posted earlier in the year, while the Nasdaq is up only about 2%. The S&P 500 fell 15.19 points, or 0.6 percent, to 2,740.69. Some investors, including David Meier, a portfolio manager at Motley Fool Asset Management, say the sense that stock prices have simply r... [Full Article...]

Trump launches fresh attack against Fed chairman

Trump launches fresh attack against Fed chairman His message: rates should continue higher. Since the end of 2015, after almost ten years of monetary policy rates near zero to support a recovery slow and poor, the Fed has gradually moved the rate of interest in the day-to-day, which are now between 2% and 2.25%. [Full Article...]

Khashoggi: Tony Blair FAILS to cut Saudi Arabia ties after journalist killing

Khashoggi: Tony Blair FAILS to cut Saudi Arabia ties after journalist killing Jeremy Hunt, the foreign secretary said he was "deeply concerned to hear President Erdogan describe Jamal Khashoggi's murder as pre-meditated". Faced with mounting worldwide censure, bin Salman appeared relaxed and occasionally joked as he shared the stage with Lebanon's prime minister-designate Saad Hariri and Bahrain's Crown Prince Salman bin Hamad. [Full Article...]

Winning $1.6B Mega Millions ticket sold in South Carolina

Winning $1.6B Mega Millions ticket sold in South Carolina If you woke up early Wednesday to find out if you are a billionaire, chances are excellent that you got a few more hours of sleep, unless you bought your Mega Millions lottery ticket in SC. Depending on the state, winners have from 180 days to a year to claim the money. The $1 million tickets matched all five white balls in the drawing. [Full Article...]

Two Safeways in San Francisco sell partial Mega Millions tickets

Two Safeways in San Francisco sell partial Mega Millions tickets At least one winning ticket has been reported, in SC, for the largest lottery jackpot in USA history. Powerball officials made the first such move in October 2015, changing the odds of winning the jackpot from 1 in 175 million to 1 in 292.2 million. [Full Article...]

Google fired 48 employees for sexual harassment, says CEO Sundar Pichai

Google fired 48 employees for sexual harassment, says CEO Sundar Pichai In a letter to employees , Chief Executive Officer Sundar Pichai said the company was taking a "hard line" on inappropriate conduct. Google is about to pay Andy Rubin , the creator of Android , the last installment of his $90 million exit package - a golden parachute he received despite his being credibly accused of coercing a female employee into performing oral sex, it was revealed today.... [Full Article...]

A Disappointing Holiday Forecast Drops Amazon's Stock 9% After Its Earnings Report

A Disappointing Holiday Forecast Drops Amazon's Stock 9% After Its Earnings Report Amazon said revenue was hurt by foreign exchange rate changes. Amazon is poised to benefit from that shift, capturing nearly half of all USA online sales, according to EMarketer Inc. The raise will apply to 250,000 employees and to the more than 100,000 seasonal workers the company expects to hire for the holiday shopping season, it said. [Full Article...]

Khashoggi’s body parts found in Saudi consul general’s home

Khashoggi’s body parts found in Saudi consul general’s home Khashoggi was a Washington Post columnist and lived in the U.S., having fled Saudi Arabia in September previous year. He called the killing "a heinous crime" that was "really painful to all Saudis" and to "every human being in the world". [Full Article...]

CIA Chief To Brief Trump On Audio That "Captured" Khashoggi Murder

CIA Chief To Brief Trump On Audio That Saudi Crown Prince Mohammed bin Salman and Erdogan spoke on the phone Wednesday, according to Turkey's state news agency Anadolu , and "discussed the joint efforts to uncover all aspects of the murder" of Khashoggi, including next steps. [Full Article...]

The Kingdom of Saudi Arabia risks isolation over Khashoggi killing | Money Talks

The Kingdom of Saudi Arabia risks isolation over Khashoggi killing | Money Talks As the investigation into Khashoggi's alleged murder has developed, the US government has taken some action. In the U.S., CIA Director Gina Haspel returned from a trip to Turkey and was expected to brief President Trump on Thursday morning about developments in the Khashoggi investigation. [Full Article...]

Owner warns others to stop feeding 'gold-digging' dog McDonald's

Owner warns others to stop feeding 'gold-digging' dog McDonald's Her owner, Betsy Reyes , said on Facebook that Princess has been "acting like she's a stray so people will feel bad for her & feed her burgers". "Smart dog she knows how to get free cheeseburgers", wrote one user. In a separate video, Princess approaches Reyes' vehicle. As she pulled up to the driveway, her dog immediately recognized her and started wagging her tail - although instead of a ... [Full Article...]

McDonald's Introduces New Breakfast Sandwich For First Time In 5 Years

McDonald's Introduces New Breakfast Sandwich For First Time In 5 Years This week, looking once again to drive in diners, McDonald's is hoping breakfast can help save the day - this time by tapping into customers' love of " secret menu " items and "menu hacks". And, in time, a new menu option was born. Breakfast has been particularly challenging for McDonald's. Other positive changes include McDonald's move from margarine to real butter, a commitment to fully transi... [Full Article...]


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