Economy

420,000 Employees Will Go Without Pay During Government Shutdown

420,000 Employees Will Go Without Pay During Government Shutdown Christmas-season gridlock has descended on the nation's capital just before the holiday, with a partial government shutdown over a dispute about money for a wall along the U.S. The government impasse comes down to securing funding for a wall along the southern border of the U.S . Passports and getting tax information from the IRS are two items that can not be done as the State Department and ... [Full Article...]

Stocks heading for worst month in decade

Stocks heading for worst month in decade The S&P 500 posted no new 52-week highs and 174 new lows; the Nasdaq Composite recorded five new highs and 857 new lows. All of the major indexes have lost 16 to 26 percent from their highs this summer and fall. Out of the 11 major S&P 500 sectors, only the Technology and the Industrials are staying in the negative territory. Target also climbed 1 percent. The Dow is off 10 percent for December,... [Full Article...]

Man sabotages package thieves with glitter bomb trap, fart spray

Man sabotages package thieves with glitter bomb trap, fart spray Frustrated after a parcel was stolen from his porch in California, YouTuber Mark Rober spent months building a bait trap which would cover thieves in glitter, stink spray and shame when they opened it. As reported by Digital Trends , "The result was exactly what the engineer was hoping for: The glitter goes flying, the fart smells start pouring out, and the thief tosses the box out of their v... [Full Article...]

Facebook to develop stablecoin for WhatsApp transfers

Facebook to develop stablecoin for WhatsApp transfers The cryptocurrency will reportedly be focused around India and helping Indian workers send money to their family back home. It was reported in May that Facebook Messenger lead David Marcus was being reassigned to a new blockchain division which would focus on "how to best leverage Blockchain across Facebook , starting from scratch". [Full Article...]

Here’s how South Florida will be affected by a federal government shutdown

Here’s how South Florida will be affected by a federal government shutdown The government eventually paid both groups the money owed them, regardless of whether they worked, after Democrats and Republicans reached an agreement on October 16. For non-excepted employees, that depends on what Congress does. J. David Cox Sr., president of the American Federation of Government Employees, which represents 700,000 federal workers , criticized both Congress and the Trump ... [Full Article...]

TVs upto 32 inch, digital cameras, movie tickets, tyres to get cheaper

TVs upto 32 inch, digital cameras, movie tickets, tyres to get cheaper Now, there are only 28 items left in the 28 percent bracket including luxury and sin items. Prime Minister Narendra Modi's statement on Tuesday that the tax rates of several goods and services would be brought down to provide relief to the common man has raised hopes of the middle class, a key constituency that no government can afford to alienate, especially when the General Election is m... [Full Article...]

Noise-Cancelling Kennel Protects Your Pup From Fireworks Noise

Noise-Cancelling Kennel Protects Your Pup From Fireworks Noise Apparently, nearly 50% of dogs in the United Kingdom have shown signs of fear when they hear fireworks. "We wondered how the technologies we use in our cars could be applied to help in other situations", said Ford Europe's Lyn West. [Full Article...]

Ford recalls 874,000 F-150, Super Duty pickups over fire risks

Ford recalls 874,000 F-150, Super Duty pickups over fire risks Eventually, the damage can cause a short and trip breakers while it is plugged in. Engine block heaters are useful in cold climates, providing a little extra heat when it's needed. The company said the problem is not thought to have caused any injuries. The company announced the recall specifically for F-150s in the 2015-2019 model years along with 2017-2019 model Super Duty vehicles equipped ... [Full Article...]

Ghosn re-arrested for shifting millions in personal losses to Nissan

Ghosn re-arrested for shifting millions in personal losses to Nissan The new allegations were reportedly based on suspicions that the Brazilian-born Frenchman had used Nissan to shoulder personal investment losses of about 1.85 billion yen (RM69.4 million) that he had incurred around 2008, Kyodo News said. [Full Article...]

Stock market sell-off continues as growth fears hit confidence

Stock market sell-off continues as growth fears hit confidence The deeper worry for Trump is whether the stock market jitters will spillover into the broader economy . The bank has been gradually raising the benchmark rate since 2015, moving the U.S. A rough couple of months have pushed all three major indexes more than 10 percent below recent highs, into what is known as correction territory, and that has sparked calls , including from President Donal... [Full Article...]

Juul Gets $12.8 Billion Investment From One of World’s Largest Tobacco Companies

Juul Gets $12.8 Billion Investment From One of World’s Largest Tobacco Companies Since teenagers are 16 times more likely to smoke Juul, the statement also describes how Juul plans to prevent underage e-cigarette vaping, including social media accounts and halting the sales of flavored products after an FDA crackdown earlier this year. [Full Article...]

Govt announces tax relief to startups

Govt announces tax relief to startups The CBDT notification might resolve the issue temporarily as it did in February, this year; however, one can't shy away from the fact that the angel funding has continuously been on a downslide for the last two years. With this the protest against angel tax notices spread like a forest fire with Anand Mahindra, Biocon CEO Kiran Mazumdar Shaw, Snapdeal founder Kunal Bahl, entrepreneur, investor R... [Full Article...]

'Santa rout' as Fed fails to cheer markets

'Santa rout' as Fed fails to cheer markets The quarter-point increase will mean higher borrowing costs for many consumers and businesses. The technology stocks that have led the market in recent years are now dragging it down. Still, many forecasters expect growth to slow in 2019 and into 2020, and the Fed's median estimate for gross domestic product expansion in 2019 fell to 2.3 percent from 2.5 percent. [Full Article...]

Carlos Ghosn vows to 'restore my honor' in first remarks since arrest

Carlos Ghosn vows to 'restore my honor' in first remarks since arrest Ghosn, 64, has been arrested and indicted on suspicion of violating the Financial Instruments and Exchange Law by allegedly conspiring to underreport his executive remuneration in the company's securities reports. Nissan spokesman Nicholas Maxfield declined to comment on the court's denial of an extension of their detention, saying in a statement that the "decisions made by the Tokyo Public ... [Full Article...]

Google's Project Dragonfly looks finished

Google's Project Dragonfly looks finished Google bowed to pressure by terminating its data analysis system that is vital to its planned re-entry into China with a censored search engine . Google had earlier launched a search engine in China in 2006 but pulled the plug in 2010, citing Chinese government efforts to limit free speech and block websites. [Full Article...]

Maker of Budweiser is partnering with medical cannabis company Tilray

Maker of Budweiser is partnering with medical cannabis company Tilray Tilray and AB InBev said they'll conduct their product development at the beverage company's Labatt Breweries subsidiary in Ontario. Driving the medical cannabis maker's stock was the news that the company has set up a partnership to research non-alcohol beverages containing tetrahydrocannabinol (THC) and cannabidiol (CBD). [Full Article...]

Morocco: Terrorist ties to Scandinavian hiker slaying

Morocco: Terrorist ties to Scandinavian hiker slaying Three more suspects have been arrested in the killing of two Scandinavian tourists in Morocco, which prosecutors said could be terrorism related. The prosecutor's office said that police is now working on authenticating a video tape shared on social media claiming to show the killing of one of the tourists. [Full Article...]

Congress to Push Stop-Gap Funding bill with No Border Wall Money

Congress to Push Stop-Gap Funding bill with No Border Wall Money White House Counselor Kellyanne Conway says President Donald Trump may consider a short-term funding deal to keep government open. Pelosi will probably be able to quickly approve a longer-term measure to keep government running in the new year. [Full Article...]

Triple amputee veteran has a way to fund the border wall

Triple amputee veteran has a way to fund the border wall Aside from the obvious point of the imposing price-tag, GoFundMe itself does not even allow users to set goals of over a billion dollars, although Kolfage says he is trying to work with the company to get them to raise the cap. Warning of a "joke presidency" that "scammed the American people", conservative radio host Ann Coulter unloaded on President Trump's apparent softening on securing fun... [Full Article...]

In Which Countries Are Women Most Equal To Men?

In Which Countries Are Women Most Equal To Men? The island nation has a culture of political empowerment and boasts many strong female role models. "When we consider only managers for the subset of countries for which recent data are available, just about 34 per cent of global managers are women". [Full Article...]


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