Economy

Could World War 3 break out between Iran and the USA?

Could World War 3 break out between Iran and the USA? USA officials did not immediately make an announcement as the sanctions took force in the early morning hours of November 5, part of Washington's effort to ramp up pressure on Tehran to "change its behavior" and end what the United States says is its "malign" activities in the region. [Full Article...]

Some Amazon Deliveries Delayed After Baltimore Facility Damaged By Tornado

Some Amazon Deliveries Delayed After Baltimore Facility Damaged By Tornado Fire officials responded to a call about a potential collapse of the Amazon Fulfillment Center building at around 10:30 p.m. on Friday night. Friday night's storm system produced an EF-1 tornado that touched down in Baltimore City and County, producing winds of over 100 miles per hour and knocking down part of an Amazon.com warehouse, killing two people. [Full Article...]

Jobs, wages surge in October, pulling more people into workforce

Jobs, wages surge in October, pulling more people into workforce The final major economic report before Tuesday's congressional elections showed that US employers added a stellar 250,000 jobs in October and raised average pay by the most in almost a decade. Construction expanded by 30,000 positions, almost half of which focus on residential homes. The Fed is not expected to raise rates at its policy meeting next week, but economists believe October's strong... [Full Article...]

Apple will stop reporting how many iPhones, iPads and Macs it sells

Apple will stop reporting how many iPhones, iPads and Macs it sells The company made its bets for connecting with consumer wants when it laid out its new line of iPhones at its Press event in September. The flat sales of iPhones and yet the increased revenue shows that Apple is earning by increasing the price of the devices. [Full Article...]

Turkey to be exempted from United States sanctions on Iran: minister

Turkey to be exempted from United States sanctions on Iran: minister Pompeo said that, despite the waivers expected to be granted on Monday, the Trump administration was still focused on eliminating Iranian oil revenue altogether. The United Arab Emirates' minister of state for foreign affairs, Anwar Gargash, said on Saturday that Iran's "aggressive policies" were "largely responsible" for the reimposition of USA sanctions on Tehran. [Full Article...]

Traders are Looking Closer at Barrick Gold Corp (ABX) as Alpha Reaches

Traders are Looking Closer at Barrick Gold Corp (ABX) as Alpha Reaches The firm has a market capitalization of $14.84 billion, a P/E ratio of 17.56, a P/E/G ratio of 15.77 and a beta of -0.37. For the current year the company's revenue estimates are $7.23 Billion compared to low analyst estimates of $6.57 Billion and high estimates of $7.69 Billion according to 15 number of analysts. [Full Article...]

Wage growth slows as unemployment dips nationally, rises regionally

Wage growth slows as unemployment dips nationally, rises regionally The provincial seasonally-adjusted unemployment rate jumped to 7.3 from an even seven per cent. StatsCan said the number jobs decreased only slightly, by 2,700. Thomas area was 4.9 per cent in October, down from 5.2 in September. "While a few years ago such a gain would have been considered trend-like, stronger population growth recently means that employment will have to rise faster on average ... [Full Article...]

Amazon in 'advanced talks' to pick Northern Virginia for second headquarters

Amazon in 'advanced talks' to pick Northern Virginia for second headquarters In another tweet about an hour earlier, Grella criticized an earlier story in the Post - owned by Amazon founder and CEO Jeff Bezos - for speculating about the possible second headquarters location based on flight patterns of Bezos' jet. [Full Article...]

Elon Musk: Teslas Will Soon Follow Their Owners 'Like a Pet'

Elon Musk: Teslas Will Soon Follow Their Owners 'Like a Pet' He frequently compared Apple products to that of Tesla's stating, "there's not many products you can buy that really make you happier". Then, when they emerge from their location, the vehicle will be able to read parking signs and drive to where the owner is standing. [Full Article...]

Trump risks backlash in zeal for deal to end China trade war

Trump risks backlash in zeal for deal to end China trade war Before leaving the White House for a campaign event, US President added: "I think we'll make a deal with China , and I think it will be a very fair deal for everybody, but it will be a good deal for the United States". -China Business Council in Beijing, said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success. [Full Article...]

U.S. companies hiring at robust pace, wages rise faster

U.S. companies hiring at robust pace, wages rise faster Strong annual wage growth would mirror other data published this week showing wages and salaries rising in the third quarter by the most since mid-2008. The increase was led by improving pay for private-sector workers. They advanced 2.6 percent from a year earlier, compared with 2.9 percent in the second quarter. [Full Article...]

Facebook shares go on roller coaster ride in extended trading

Facebook shares go on roller coaster ride in extended trading Then there's hate speech, hacks and a massive privacy scandal in which Facebook exposed the data of up to 87 million users to a data mining firm, along with resulting moves toward government regulation of social media. We're seeing video grow dramatically across the ecosystem. "I just think that this is the future", Zuckerberg said when talking about the Stories feature that Facebook cop... [Full Article...]

Get a free Google Home Mini from Spotify for your family account

Get a free Google Home Mini from Spotify for your family account Why would Google work with Spotify to give out a free Google Home Mini when they've not done the same with Google Music? The company cut its forecast for fourth-quarter gross margin by 50 basis points due to the Google Home partnership. [Full Article...]

GM offers buyouts to 18K salaried workers in North America | AP business

GM offers buyouts to 18K salaried workers in North America | AP business A notification was sent regarding the voluntary severance program to employees Wednesday morning, as the automaker reported a 25 percent increase in pretax profit in the third quarter and net income of $2.5 billion. That's about 18,000 salaried employees with 12 or more years at GM. GM has long talked about reducing costs in preparation for an economic downturn. [Full Article...]

U.K. Manufacturing Sees ‘Worrying Turnaround’ as Growth Slumps

U.K. Manufacturing Sees ‘Worrying Turnaround’ as Growth Slumps The figure was also below the 50.6 reading tipped in a Bloomberg News survey of economists, though above the 50-point mark that separates expansion from contraction. The fall in new orders resulted in a sharp deceleration in the growth rate of manufacturing production. In a clear sign that inflationary pressures are continuing to build, strong customer demand meant firms were often able to push co... [Full Article...]

Brazil Will Move Its Embassy In Israel To Jerusalem - Bolsonaro

Brazil Will Move Its Embassy In Israel To Jerusalem - Bolsonaro Member of the Palestine Liberation Organization's executive committee Hanan Ashrawi (file photo) "These are provocative and illegal steps that will only destabilize security and stability in the region", Hanan Ashrawi, a member of the PLO's executive committee, told AFP . [Full Article...]

Subaru files recall for over 410000 cars due to faulty engine part

Subaru files recall for over 410000 cars due to faulty engine part Now, the companies have named the popular Subaru model Forester as well as Toyota's 86 sports vehicle, as additionally impacted models. Subaru said valve springs in the recalled cars could fracture and cause the engine to stall, risking an accident. [Full Article...]

Tesla hit with SEC subpoena over Model 3 production targets

Tesla hit with SEC subpoena over Model 3 production targets When the Model 3 was launched in 2017, the company was optimistic about quickly ramping up production of the highly anticipated model. Musk, 47, also called the vehicle business "monumentally difficult" and repeated a point he's made in the past - that Tesla and Ford were the only US automakers to stay out of bankruptcy during the last recession. [Full Article...]

China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing

China-Pakistan Corridor Not Tied to India-Pakistan Territorial Dispute - Beijing On Thursday, Minister for Planning Makhdoom Khusro Bukhtiar said that Pakistan would not seek rescheduling of about $2.7 billion in Chinese loans due for repayment this year but expected a good economic package, including expansion of the multi-billion dollar China-Pakistan Economic Corridor (CPEC) to another level. [Full Article...]

Ottawa hit by postal workers 24-hour walkout

Ottawa hit by postal workers 24-hour walkout Strikes in Fort Frances, Deep River and other communities in the province ended. For its part, Canada Post says it has made "significant offers" to CUPW - which include increased wages, job security and improved benefits - and has not asked for any concessions in return. [Full Article...]


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