Economy

FDA plans to launch new restrictions on e-cigarette flavors

FDA plans to launch new restrictions on e-cigarette flavors The agency will impose age-verification requirements for online sales. A senior FDA official said details of the ban would be announced next week, and that menthol and mint flavors would be exempt, The New York Times reported. "The disturbing and accelerating trajectory of use we're seeing in youth, and the resulting path to addiction, must end". So we don't want to leave smokers with only tob... [Full Article...]

US Federal Reserve Keeps Interest Rates Unchanged

US Federal Reserve Keeps Interest Rates Unchanged Financial markets had expected the Fed to hold its benchmark overnight lending rate steady in the current range of 2.00 percent to 2.25 percent. There was no detail or data given for why officials see investment declining, though companies reported during third-quarter earnings season that some of their investment plans have been curtailed due to the ongoing trade war between the US and China. [Full Article...]

Alibaba shopping extravaganza earns US$10b in first hour

Alibaba shopping extravaganza earns US$10b in first hour Other companies have since followed suit and in 2015 Singles' Day surpassed Black Friday and Cyber Monday combined, two of the largest shopping days in the US. Despite the milder growth, executives were upbeat on Sunday at a press event in Shanghai , attended by roughly 800 journalists who watched a live-streamed ticker of the sales. [Full Article...]

Indian government official says no proposal to ask RBI to transfer reserves

Indian government official says no proposal to ask RBI to transfer reserves The issue of RBI's capital needs may come up at the next board meeting on November 19. The government's demand is expected to further fuel tensions with the RBI , which has been pushing back any moves that curtail the central bank's independence. [Full Article...]

Mazda3 previewed again before LA show debut

Mazda3 previewed again before LA show debut The latest carmaker to announce a premiere at the Los Angeles Convention Center is Mazda , which on Thursday revealed the new generation Mazda3 will be on the floor of the event. In the prototypes, Mazda's engineers had to add special foam in the engine bay to silence the four-cylinder mill in the same vein as premium European automakers strive to make their diesel engines quiet. [Full Article...]

Bitcoin Cash (BCH) Cryptocurrency Reaches $608.621507: Up 10.47% Since This Time Yesterday

Bitcoin Cash (BCH) Cryptocurrency Reaches $608.621507: Up 10.47% Since This Time Yesterday The company has also stated that it is highly recommended that users should put a pause on transactions a few hours prior to the hard fork , specifically at 10 am on the day of the fork. Even so, with this in mind, the event risk is still prominent before the Bitcoin Cash's November fork. Since there will be two cryptocurrencies, Bitcoin Cash (BCH) and Bitcoin SV (BCHSV), we know that the... [Full Article...]

Bombardier to cut 5000 jobs globally in restructuring move

Bombardier to cut 5000 jobs globally in restructuring move The company also announced the sale of its business aircraft training unit to CAE for $645 million. The sale of the Q Series programme comes one year after Bombardier effectively gave away its prised C Series airliner programme to Airbus . [Full Article...]

Flight attendant breastfeeds strangers baby mid-flight

Flight attendant breastfeeds strangers baby mid-flight The mother said she had run out of her formula milk . An advocate of breastfeeding , she offered her own milk to nourish the baby and lessen the worries of the infant's upset mother. "When the mother told me that she had no formula milk for the child, and I knew that there was none on board, I knew I had to help". "I saw the relief on her mother's eyes". [Full Article...]

Walmart is doing Black Friday the earliest in its history

Walmart is doing Black Friday the earliest in its history The frenzy shows the rules are changing as retailers prepare to battle for what could be the strongest holiday period in years - fuelled by robust consumer confidence and low unemployment. Here are the top deals that customers can keep an eye out for in the Walmart Black Friday ad 2018. Some estimates suggest spending could reach $1 trillion for the first time. [Full Article...]

Google ends forced arbitration after sex-misconduct protest | Digital

Google ends forced arbitration after sex-misconduct protest | Digital Those who don't comply will be docked one rating in the year-end Perf (Google's performance review system). Google employees walked out in protest. It mirrors a change made by ride-hailing service Uber after complaints from its women employees prompted an internal investigation concluding its rank had been poisoned by rampant sexual harassment. [Full Article...]

Tesla announces Elon Musk's replacement as board chair: Robyn Denholm

Tesla announces Elon Musk's replacement as board chair: Robyn Denholm Musk, who has been on Tesla's board since 2004, tweeted in August he was considering taking the company private for $420 per share and had secured funding for a deal that was later scuttled but attracted scrutiny from several government agencies. [Full Article...]

Passengers create stink over pungent planeload of durian

Passengers create stink over pungent planeload of durian The cause of the terrible stench was a huge supply of durian fruit which was travelling in the cargo hold on the Indonesian flight. However the airline agreed to remove the fruit, and passengers disembarked while it was offloaded. "When I entered the plane, I could already smell the scent of durian", he said. Crew members assured him the smell would vanish as soon as the plane was in the a... [Full Article...]

The Supreme Court won't take up net neutrality - this time

The Supreme Court won't take up net neutrality - this time AT&T and other telecoms had asked the high court to void the ruling; the Federal Communications Commission repealed net neutrality past year. Still, the high court's rejection preserves the appeals court's decision as a possible precedent and makes it even more likely that the issue will resurface if the FCC shifts its makeup - something that would happen if Democrats are able to win back th... [Full Article...]

Half polls closed; voters pit Trump strength, Democratic resistance

Half polls closed; voters pit Trump strength, Democratic resistance Trump , who frequently warns of voter fraud and has claimed without evidence that millions of fraudulent votes were cast in 2016, said on Twitter on Monday that law enforcement should be on the lookout for "illegal voting". Republicans had initially tried a different messaging strategy. Voters are feeling better about the state of the economy than they have since before the Great Recession o... [Full Article...]

What's at stake on November 6 in US midterm elections

What's at stake on November 6 in US midterm elections His approval rating - 39% in the latest CNN poll - is within the range where the President's party typically suffers heavy losses on Capitol Hill. Vermont Sen. Democrats last had a majority in the House in 2010. In the first national election since Trump took the White House, Democrats are expected to gain control of the House but not the Senate. [Full Article...]

President Trump Holds Rally in Cleveland, OH Ahead of Midterm Elections

President Trump Holds Rally in Cleveland, OH Ahead of Midterm Elections Gillum is facing off against Republican Ron DeSantis, who is a big Trump supporter. However, two years after an election that proved pollsters and political commentators wrong, nothing is certain on the eve of the first nationwide elections of the Trump presidency. [Full Article...]

AP Analysis: Democrats seek blueprint for bucking Trump in 2020

AP Analysis: Democrats seek blueprint for bucking Trump in 2020 The strangers faced each other from opposite edges of the great American divide, Democrat versus Republican , both convinced the election is among the most consequential in their lifetimes and that they must save the nation from the other side. [Full Article...]

Amazon to split second headquarters into 2 locations

Amazon to split second headquarters into 2 locations Just when you thought the Amazon HQ2 sweepstakes couldn't get crazier, it did. The Wall Street Journal reports that Amazon will split its much-anticipated HQ2 between two yet-to-be-named cities. real-estate analyst Michael Lewis said . However, the company is not exactly denying the report's accuracy. The Washington Post reported last week that Amazon has recently been in discussions with... [Full Article...]

Amazon Drops $25 Minimum For Free Shipping

Amazon Drops $25 Minimum For Free Shipping While Amazon's offer notably doesn't include two-day shipping, the e-commerce giant appears to be relying on its much larger assortment of goods to draw in customers. Best Buy also removed its free shipping threshold for the holidays , but gives no time guarantees. Amazon has seemingly reacted to pressure from rivals before. [Full Article...]

Lowe's set to close 31 Canadian stores, including two in the Sault

Lowe's set to close 31 Canadian stores, including two in the Sault MOORESVILLE, N.C. - Lowe's Companies, Inc. The company is already shuttering its Orchard Supply chain of 99 stores, leading to between US$390 million and US$475 million in write-downs. It expects the stores to be shuttered by February 1, 2019. Some of the USA stores will close immediately, Lowe's said. The U.S. retailer acquired Rona Inc.in Canada in 2016 in a deal valued at $3.2 billion. [Full Article...]


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