Economy

Japan's Nikkei plunges after U.S. economic turmoil

Japan's Nikkei plunges after U.S. economic turmoil The benchmark Nikkei average plunged more than 1,000 points to a 20-month closing low on the Tokyo Stock Exchange on Tuesday, hurt by increasing concerns about the global economy. A stronger yen was adding to the woes for markets in Japan, he added. Treasury Secretary Steven Mnuchin called top US bankers on Sunday amid the pullback in stocks and said he was calling a meeting of financial reg... [Full Article...]

Dow Has Biggest Point Gain In History

Dow Has Biggest Point Gain In History The president on Christmas Day cast fresh doubt on the record of Powell, whom he has increasingly blamed for the market weakness. The S&P posted a 2.9 percent pop in afternoon trading. After markets tanked on Christmas Eve , Trump said Tuesday that he remains confident in Mnuchin , but he renewed his criticism of the Fed, accusing it of hiking rates too fast. [Full Article...]

Chuck Schumer doesn't deserve a pass for government shutdown

Chuck Schumer doesn't deserve a pass for government shutdown They unequivocally oppose using shutdowns as a means of resolving policy disputes. "And Chuck wants to have this done, I really believe that". Trump, who was elected in 2016, campaigned on a promise to build a "big, lovely wall" made of concrete, rebar and steel across the length of the southern border. [Full Article...]

Lower crude oil prices lift Jet Airways, SpiceJet up north

Lower crude oil prices lift Jet Airways, SpiceJet up north Prices have declined because of investors' concerns that the market may be oversupplied, and a decision by the Organisation of Petroleum Exporting Countries on December 7 to cut output by 1.2 million barrels per day from October levels starting January 1 has so far failed to significantly stop crude oil's declining trend. [Full Article...]

Tesla's competition for the Model Y is growing quickly in China

Tesla's competition for the Model Y is growing quickly in China With the price adjustments in place, some of Tesla's vehicles - particularly the Model 3 Performance - became competitively priced, even undercutting the prices of rivals like the BMW M3. As with the NIO it has a massive Tesla-like touch screen in the dashboard. This adjustment was the third in a series of price cuts which the company has announced in China, owing to higher trade tariffs by ... [Full Article...]

Last-minute shoppers pour into Lexington shopping centers ahead of Christmas

Last-minute shoppers pour into Lexington shopping centers ahead of Christmas Hours before Christmas, with Santa already busy making deliveries, plenty of last-minute shoppers hit the stores on Christmas Eve Monday, Dec. 24, and retail employees were there on the holiday to guide them through what can be a stressful experience. [Full Article...]

Christmas Mega Millions jackpot climbs to $321 million

Christmas Mega Millions jackpot climbs to $321 million Mega Millions is played in 44 states as well as Washington, D.C., and the U.S. Virgin Islands. Tickets for both games are $2 each. For the lucky victor, the cash option will be worth $193.7 million. He told lottery officials that he had purchased his ticket at a gas station in Albuquerque for the drawing on December 14. The grand prize has grown to $321 million after a nine-week spell with... [Full Article...]

Two arrested in Gatwick Airport drone scare that delayed flights

Two arrested in Gatwick Airport drone scare that delayed flights The couple were held on suspicion of what police are calling a "deliberate act of disruption". Some 10,000 passengers were affected on Wednesday night and a further 110,000 who had been due to either take off or land at the airport on 760 flights Thursday. [Full Article...]

Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises

Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises The S&P 500 index .SPX was on pace for its biggest percentage decline in December since the Great Depression. "This is a disaster for the Fed, a disaster for the president and a disaster for the economy". Gilani told Cheddar that Trump's scrutiny of the Fed has likely contributed to market upset over the last raise hike. In the wake of this dilemma, the USA president informally talked about the... [Full Article...]

UAE: OPEC+ will hold extra meeting if output cuts "not enough"

UAE: OPEC+ will hold extra meeting if output cuts For years, Iraq and Kuwait have been discussing ways to develop and share the cross-border oil fields, expected to contain large quantities of crude oil. Oil fell on Monday, in line with another decline across global stock markets , which came under pressure from concern about a USA government shutdown and a worsening world economy. [Full Article...]

All the Stores Open on Christmas Day 2018

All the Stores Open on Christmas Day 2018 You can buy one at Walmart's website at any time and have it emailed to the recipient immediately. It also announced special holiday hours. Whatever the case, read on for the rundown on the possibilities this Christmas . Golden Corral: Most locations are open but with limited hours. Certain Perkins restaurants will also be open. All locations will be open until 6 p.m. [Full Article...]

Late surge in trading as shoppers head out on Christmas Eve

Late surge in trading as shoppers head out on Christmas Eve Stores at the Palm Beach Outlet Mall have increased staff to keep up with the demand, along with implementing extended holiday hours. Dick's Sporting Goods will also be open on December 24, with locations open from 7 a.m.to 6 p.m. Walgreens: Walgreens that are usually open 24/7 will be open all day on Christmas while Walgreens locations with limited hours will be open 8:00 am to 6:00 pm. [Full Article...]

What's open and closed on Christmas Eve, Christmas Day and Boxing Day

What's open and closed on Christmas Eve, Christmas Day and Boxing Day High street retailers have cut prices after trading on the busiest shopping day of the year, dubbed "Super Saturday", failed to lure shoppers to stores. on Christmas Eve and New Year's Eve and will be closed Christmas Day and New Year's Day . Many stores are offering extended holiday hours on Christmas Eve . [Full Article...]

164K pounds of Jennie-O ground turkey recalled for salmonella

164K pounds of Jennie-O ground turkey recalled for salmonella Jennie-O Turkey Store Sales is recalling 164,210 pounds of raw turkey because of possible salmonella contamination, the Agriculture Department says. Customers who have purchased these products should throw them out or return them to their place of purchase, according to the USDA. The recall includes 1-pound, 2.5-pound and 3-pound packages of Jennie-O ground turkey products, which can be found in... [Full Article...]

Hydro crews work around the clock to restore power to British Columbians

Hydro crews work around the clock to restore power to British Columbians Wind warnings are in effect for Vancouver Island, Southern Gulf Islands, and South Coast. "Due to the extent of the damage, some of the hardest-hit areas will be without power for several more days". "All available crews and resources will be working around the clock until the damage is repaired", the Crown corporation said in an outage update Friday. [Full Article...]

Oil prices rise over OPEC output cuts

Oil prices rise over OPEC output cuts The prospect of a possible government shutdown in the United States, the world's biggest oil consumer, added to investors' worries. In the USA, investors are bracing for Wednesday's Federal Reserve policy decision against the backdrop of a recent rout in global markets, which has put equities on course for the worst year since 2008. [Full Article...]

FDA: Adding CBD product to food is illegal

FDA: Adding CBD product to food is illegal Under the new farm bill, states will be required to license and track hemp throughout its growth, processing and sale, including annual inspections to verify hemp producers aren't exceeding THC limits. "After five successful years in Fort Collins, we're thrilled to bring this industry-leading event to a convenient location not only for Coloradoans but for people traveling from around the world t... [Full Article...]

Gatwick drones pair no longer suspects

Gatwick drones pair no longer suspects The mind-boggling admission came as police released without charge a man and woman they had arrested on Friday night, and said they were no longer suspects . "While Gatwick has been trialling a selection of systems that might help detect and disrupt drones for some time, there is no single proven commercial solution available that could have prevented the sustained, prolonged and unprecedente... [Full Article...]

Shoppers Hit The Stores For Last Minute Christmas Gift Shopping

Shoppers Hit The Stores For Last Minute Christmas Gift Shopping I am visiting my family. Everyone has their own reason for procrastinating during the holiday season; whether it be work, laziness or both. Gift cards could also save you a lot of time shopping this year. However, the majority of those surveyed, 58%, said they had not done any last minute shopping this weekend at all. "A lot of the people FOX40 spoke with say they are doing some of their sho... [Full Article...]

Timmins Transit's schedules are changing for the holidays

Timmins Transit's schedules are changing for the holidays Here are the opening times of the pharmacies in Leamington, Warwick and Kenilworth over the Christmas and New Year holidays. Post Offices - Post offices close early December 24 and remain closed December 25. County departments, like the Division of Transportation, are open Christmas Eve but that varies from year to year, said Carl Schoedel, the county's director of transportation. [Full Article...]


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