Business

Business Alibaba sets record US$30.8 billion in Singles’ Day sales
Author: 0 Alibaba sets record US$30.8 billion in Singles’ Day sales

Lots of New Zealand milk and lamb has changed hands on Chinese internet giant Alibaba during that country's biggest shopping day. SHANGHAI Online shoppers in China have shattered last year's record of $24 billion in sales on the country's annual buying frenzy today, as the tradition marked its 10th year.

Business Oil teeters near record losing streak ahead of Opec meeting
Author: 0 Oil teeters near record losing streak ahead of Opec meeting

Iran's oil minister on Thursday predicted a painful time ahead for worldwide oil customers as US sanctions take hold, saying waivers that Washington granted to eight major oil-importing countries are not enough for market demands. Russian output in October is put at a record 11.4 million barrels per day - an increase of almost half a million barrels per day since it began ramping up production levels in May.

Business Why Marijuana Was A Big Winner From 2018 Midterms (CGC)(CRON)(TLRY)(APHA)
Author: 0 Why Marijuana Was A Big Winner From 2018 Midterms (CGC)(CRON)(TLRY)(APHA)

The marijuana industry saw momentum in Tuesday's midterm elections. MI became the first state to legalize recreational marijuana. "Western and northeastern states have led the way on legalizing marijuana, but the victory in MI powerfully demonstrates the national reach of this movement", said Maria McFarland Sanchez-Moreno, executive director of the Drug Policy Alliance who questioned how long the federal government could resist the legalization wave.

Business Iran says U.S. sanctions can not stop crude oil exports
Author: 0 Iran says U.S. sanctions can not stop crude oil exports

Elsewhere in his remarks, Jahangiri said that Americans are bent on harming Iran's economy by waging a psychological war against the Islamic Republic. US National Security Advisor John Bolton claimed that the nuclear deal with Iran failed to "permanently block all paths to an Iranian nuclear bomb".

Business China to help Pakistan avert fiscal crisis, 'more talks needed'
Author: 0 China to help Pakistan avert fiscal crisis, 'more talks needed'

Pakistani Prime Minister Imran Khan , left, and China's Premier Li Keqiang attend a signing ceremony at the Great Hall of the People in Beijing Saturday, November 3, 2018 . They also reviewed and held in-depth discussions on Pakistan-China bilateral relations. In response to the debt crisis, Pakistan is seeking an emergency bailout loan of $8 billion from the International Monetary Fund , which plans to send a team to Islamabad to assess the situation.

Business China stocks gain on trade war hopes
Author: 0 China stocks gain on trade war hopes

The United States has already imposed tariffs on $250 billion worth of Chinese goods, and China has responded with retaliatory duties on $110 billion worth of US goods. "We talked about many subjects, with a heavy emphasis on Trade", the USA president tweeted. Trump has long threatened to impose tariffs on all $500 billion-plus goods that the United States imports from China if Beijing fails to meet his demands for sweeping changes to its policies on intellectual property, technology ...

Business Pakistan moves up 11 spots in 'ease of doing business' ranking
Author: 0 Pakistan moves up 11 spots in 'ease of doing business' ranking

The country had entered the top 100 past year with a bigger jump of 30 places. India's ease of doing business score was at 67.23 ranking at 77th spot. The most notable change in this area was reducing the number of days for registering a property to 26, less than half of the previous duration (56 days).

Business Democrat gains in midterms may not be bad news for banks
Author: 0 Democrat gains in midterms may not be bad news for banks

First, Germain Arena serves as one of the largest venues in Southwest Florida, and second, energizing Republican voters in Lee and Collier counties provides a foundation of support for statewide candidates. There is also a danger the president could face impeachment proceedings if Democrats take a majority in Congress. Democrats are emphasizing to voters that state Republicans cut specialty care for some Medicaid recipients, eliminated the state's pharmacy-assistance program and passed ...

Business IBM to gobble Red Hat for $34bn - yes, the enterprise Linux biz
Author: 0 IBM to gobble Red Hat for $34bn - yes, the enterprise Linux biz

She has been trying to steer IBM toward more modern businesses, such as the cloud, artificial intelligence and security software with inconsistent results . The biggest acquisition was the $67 billion merger between Dell and EMC in 2016 and JDS Uniphase's $41 billion acquisition of optical-component firm SDL in 2000.

Business Retired veteran claims $1 million Powerball ticket in Madison
Author: 0 Retired veteran claims $1 million Powerball ticket in Madison

The drawing on Saturday is the fourth-largest lotto total ever. The lucky victor or winners hit a jackpot worth $1.54 billion in estimated annuity value (or $878 million in cash). Hoping to strike some luck, Earl Livingston, of Blackwood, New Jersey, headed to a nearby convenience store to buy a ticket for the $1.537 billion Mega Millions drawing.

Business Crude Oil Trades Bullish Despite Bearish EIA Report - What's Going On?
Author: 0 Crude Oil Trades Bullish Despite Bearish EIA Report - What's Going On?

USA sanctions on Iranian oil begin on November 4 and Washington has said it wants to stop all of Tehran's fuel exports, but other oil producers are pumping more to fill any supply gaps. "We think that demand will start dropping off as we approach year-end in accordance with regular seasonal patterns", he said at a meeting in Vienna, according to Reuters .

Business Apple and Samsung fined MILLIONS for slowing down smartphones
Author: 0 Apple and Samsung fined MILLIONS for slowing down smartphones

A spokesperson for Samsung told The Guardian that the company did not issue any software update that reduced the Galaxy Note 4's performance. Basically, it means that they have been building the phones with the direct intention that they slow down over time , forcing you to buy a new one.

Business Musk says hyperloop test tunnel will open in December
Author: 0 Musk says hyperloop test tunnel will open in December

The public can take free rides on the futuristic, high-speed underground shortcut on the following day that is December 11. USA high-tech entrepreneur Elon Musk took to Twitter on Sunday to announce the opening of the first tunnel of his high-speed underground transportation system.

Business Khashoggi criticises Saudi prince in newly released interview
Author: 0 Khashoggi criticises Saudi prince in newly released interview

A bipartisan group of U.S. lawmakers has accused the Crown Prince of directing the operation. "There obviously was a tremendous mistake made, and what compounded the mistake was the attempt to try to cover up", he said, adding, "That is unacceptable in any government".

Business Tesla now sells Model 3 with 260-mile range, $45,000 sticker
Author: 0 Tesla now sells Model 3 with 260-mile range, $45,000 sticker

Musk late Thursday announced Tesla's lowest-cost version yet of its newest vehicle, with the CEO writing in a tweet that the mid-range Model 3 "costs $35k after federal & state tax rebates in California", but pegging its ultimate ownership cost at an even lower price point given the money saved not buying gas.

Business Mega Millions jackpot nears $1 billion ahead of Friday drawing
Author: 0 Mega Millions jackpot nears $1 billion ahead of Friday drawing

Mega Millions has existed in some form since 1996. As of Thursday afternoon, the Mega Millions jackpot stood at just under $1 billion - $970 million , to be precise. "More people playing does not have an effect on an individual player's chance of winning", says Johnson. You must match all five numbers plus the Mega number to win the grand prize.

Business No winning Mega Millions ticket; jackpot climbs to $868M
Author: 0 No winning Mega Millions ticket; jackpot climbs to $868M

The Mega Millions jackpot jumped by $32 million, and now stands at a record $900 million for Friday's drawing. A Winchester couple, J.R. and Peggy Triplett, won a $239 million dollar Mega Millions jackpot in 2004 and took the cash option of more than $141 million.

Business Saudis preparing to admit Jamal Khashoggi died during interrogation, sources say
Author: 0 Saudis preparing to admit Jamal Khashoggi died during interrogation, sources say

Turkish forensics and police officers arrive to the Saudi Arabia's consulate in Istanbul on October 15, 2018 , to search the premises in the investigation over missing Saudi journalist Jamal Khashoggi . Trump last week vowed to uncover the truth about what happened to Khashoggi and promised " severe punishment " for those responsible. In other words, if Saudi Arabia really did send a team to torture, kill and dismember Khashoggi - a journalist who wrote for the Washington Post ...

Business $Half-Billion Mega Millions Jackpot Awaits Friday Drawing
Author: 0 $Half-Billion Mega Millions Jackpot Awaits Friday Drawing

No tickets matched all five numbers and the mega number for Tuesday's jackpot worth $470 million. The odds of winning are about 300 million-to-1. Not bad for a couple of $2 tickets. The payout was $309.2 million as the cash option. Matching four white balls and the Mega Ball will get you $10,000. Saturday's jackpot has a cash option of $179.4 million.

Business As Russia pivots to the east, trade with China is booming
Author: 0 As Russia pivots to the east, trade with China is booming

Despite the rhetoric, Trump and Chinese President Xi Jinping plan to meet at the G20 summit in Argentina in late November, the Wall Street Journal reported on Thursday, citing officials in both countries. U.S. Treasury Secretary Steven Mnuchin said on Friday that he told China's central bank chief that currency issues need to be part of any further U.S.

Business Facebook message about your account being cloned is a hoax
Author: 0 Facebook message about your account being cloned is a hoax

If one of the messages is received, Kelso says users should simply ignore and delete the message. Other easy steps to take to prevent being hacked on Facebook include regularly changing your password, reporting a hacked account, reporting suspicious messages or applications, and strengthening your other privacy settings.

Business U.S. jobless rate hits 49-year low of 3.7 percent
Author: 0 U.S. jobless rate hits 49-year low of 3.7 percent

One of the main factors in the dip in the vacancies was likely to be Hurricane Florence , which struck North and SC at the beginning of September, closing thousands of businesses. 3 percent for women, and 12.8 percent for teenagers. That trend suggests that a brighter economic outlook hasn't caused consumers to recklessly build up unsustainable debt.

Business Musk spooks investors again with a troll at the SEC on Twitter
Author: 0 Musk spooks investors again with a troll at the SEC on Twitter

In a tweet referring to the SEC as " Shortseller Enrichment Commission ", Musk wrote sarcastically that the regulator was "doing incredible work". "And the name change is so on point!" he said , missing at least a word in the phrase. But Musk had not secured the funding, the SEC said. Nathan must approve the settlement's terms. Separately, a roofing tile product that could collect energy from the sun was justification for buying SolarCity, a company run by Musk and some family members.

Business Has Theresa May promised to end austerity?
Author: 0 Has Theresa May promised to end austerity?

The British PM Theresa May appeared on the final day of her party's conference in Birmingham , dancing on ABBA's Dancing Queen , launched an attack on what she called the Jeremy Corbyn party, and she said that Britain is not afraid to leave European Union with no deal, but it will be hard for both sides.

Business Apple, Amazon vehemently deny report of Chinese spy hardware in their servers
Author: 0 Apple, Amazon vehemently deny report of Chinese spy hardware in their servers

The bugged servers and other equipment were sold to U.S. banks, hedge funds, and even government agencies by the San Jose-based company Supermicro Computer, according to Bloomberg Businessweek , which cites numerous anonymous intelligence and corporate sources in its shocking story that now threatens to seriously shake up the global technology supply chain and do significant damage to Chinese manufacturers and the country's developing microchip industry.

Business Ontario dairy farmers need clarity on trade deal, province says
Author: 0 Ontario dairy farmers need clarity on trade deal, province says

News of the new trade agreement is weighing heavy on those in the Maritime dairy farming industry. "What that's created to do is increase the demand for production in Mexico , the United States and Canada ", Robertson says. “For instance, it looks like the U.S. will be able to ship 2,084 metric tons of cheese to Canada tariff free in the first year the agreement is in force with half the cheese being for industrial use and half for retail, ” he said.

Business What it means for the US | Leadership — Replacing NAFTA
Author: 0 What it means for the US | Leadership — Replacing NAFTA

According to a report from The Washington Post , Trump told a group of Republican donors that Freeland "hates America" during an exclusive dinner on September 27 in Washington , DC. "The reality was they wanted to renovate the agreement". Marshall said this was one of the biggest wins for Kansas in the new agreement. "It's not NAFTA redone", he said.

Business Minimum wage job can represent a low wage trap - ESRI
Author: 0 Minimum wage job can represent a low wage trap - ESRI

Amazon said it plans to hire more than 100,000 holiday workers, who will pack and ship boxes in its more than 100 warehouses around the country. Amazon's hourly operations and customer service employees, some who already make $15 per hour, will also see a wage increase, the Seattle-based company said.

Author: 0 Trump hails 'most important ever' US-Canada-Mexico trade pact

Freeland told reporters Monday that as she had predicted there had been "dramatic moments" during the talks but it had been important not to get overtaken by them and to remain focused. The Canadian government was prepared to be flexible on dairy as they weren't going to allow a full dismantling of the nation's supply-managed system, said Ian de Verteuil, head of portfolio strategy at CIBC Capital Markets.

Business Tesla (TSLA): The Stock Selloff Is an Overreaction - Here’s Why
Author: 0 Tesla (TSLA): The Stock Selloff Is an Overreaction - Here’s Why

Tesla and the board of directors are fully confident in Elon, his integrity, and his leadership of the company, which has resulted in the most successful US auto company in over a century. That's a 44 per cent decline from where the shares ended just hours after Musk tweeted over the summer that he had secured funding for a buyout. "Elon is Tesla and Tesla is Elon and that's great when Elon is scoring touchdowns and grand slams but not so great when there are negative things tied to ...

Author: 0 Canada refusing to make concessions on NAFTA

I must be honest with you, we're not getting along at all with their negotiators. "That's the big one", Trump explained. Trump, during the news conference, reiterated his longstanding grievances against NAFTA and job losses, saying the trade pact had been 'great for Canada, great for Mexico, very bad for us'.

Business Oil jumps to highest level since November 2014 as OPEC defies Trump
Author: 0 Oil jumps to highest level since November 2014 as OPEC defies Trump

While the bank's projection for global crude demand remains unchanged, it expects to see further drops in supply and a wider deficit, from 300,000 to 400,000 barrels a day. The so-called "OPEC+" group, which includes Russia , Oman and Kazakhstan, met over the weekend to discuss a possible increase in crude output, but the group was in no rush to do so.

Business Instagram's founders are leaving the company
Author: 0 Instagram's founders are leaving the company

This is astonishing, given when Facebook bought Instagram , it only had 16 employees and its founders, Mike Krieger and Kevin Systrom, hadn't worked out how to make money from the service . BBC North America technology reporter Dave Lee said Instagram's popularity has soared in a period where use of the core Facebook product has stagnated.

Author: 0 Oil price up as Trump calls OPEC to lower prices

The talk of $100 crude comes just hours after OPEC and its allies rebuffed pressure from U.S. President Donald Trump to immediately boost production to lower oil prices. When Trump in May announced plans to reimpose sanctions on Iran's oil exports, the market estimated a cut of about 300,000 to 700,000 barrels a day, according to Trafigura's Luckock.

Business Trump says Opec producers must bring prices down
Author: 0 Trump says Opec producers must bring prices down

US sanctions on Iran's oil exports come into force on November 4. Venezuela's cratering economy and Libya's tenuous security also present supply risks to the market. In the last two weeks, he has also met Novak and his USA counterpart Rick Perry . By beating Russian Federation and Saudi Arabia, the United States of America this year has become the topmost crude oil producer.

Business Oil edges up on supply concerns
Author: 0 Oil edges up on supply concerns

China, one of the world's largest oil consumers, on Tuesday added $60 billion of US products to its import tariff list. While trade disputes and financial woes in some countries may affect crude demand, the IEA said supply risks are the more important issue.

Business Oil falls below $70 as supply risks assessed against Opec salvo
Author: 0 Oil falls below $70 as supply risks assessed against Opec salvo

U.S. West Texas Intermediate (WTI) crude CLc1 futures rose $1.12 to settle at $70.37 a barrel, a one-week high. "Things are tightening up", the agency said in its monthly report, but added: "As we move into 2019, a possible risk to our forecast lies in some key emerging economies, partly due to currency depreciations versus the USA dollar raising the cost of imported energy".

Business Why Trump's tariffs aren't raising a sweat in China
Author: 0 Why Trump's tariffs aren't raising a sweat in China

The White House warned Monday that it would respond to any retaliation from Beijing with yet more tariffs on roughly $267 billion of Chinese exports. They raise the cost of a product by the amount of the tariff. China has said it will respond to the next round of USA levies with retaliatory tariffs on $60 billion of U.S goods ranging from liquefied natural gas to aircraft.

Business White House adviser admits Trump got his facts wrong in economy tweet
Author: 0 White House adviser admits Trump got his facts wrong in economy tweet

Wolfers went on Twitter to provide his proof against Trump's statements, taking two full tweets to show every time the GDP growth rate was higher than the unemployment rate in the last 100 years, a total of 60 times. "From the initial fact to what the president said , I don't know the whole chain of command", Hassett told reporters on Monday . I guess I have a magic wand, 4.2%, and we will do MUCH better than this! "We have just begun", Trump tweeted.

Business British Airways to compensate customers for data breach
Author: 0 British Airways to compensate customers for data breach

However, since the breach, BA have declared that the issue has been resolved and their website is working normally. Police and relevant authorities have meanwhile been notified. " I cancelled my card as soon as I heard about the breach on the news ". It is now in damage control mode, contacting affected customers, offering compensation and carrying out internal investigations to understand how it happened.

Business Mercedes-Benz Goes Electric With New EQC
Author: 0 Mercedes-Benz Goes Electric With New EQC

By then the Model S flagship will be eight years old. "If there's no competition, where's the market going to go?" she said. The market for upscale electric cars is Tesla's to lose, with sales of its entry-level Model 3 sedan expected to reach about 50,000 cars this year and nearly double that in 2019.

Author: 0 McDonald's applauds students behind viral prank

Something tells me that this is SO good, we'll see this poster in McDonald's stores nationwide. "We were eating McDonald's one day and we looked around and saw there were posters around that didn't have any Asians", explained Jevh Maravilla, a University of Texas student.

Business Ayanna Pressley upsets Michael Capuano in race for Congress
Author: 0 Ayanna Pressley upsets Michael Capuano in race for Congress

Quentin Palfrey has won the Democratic primary for lieutenant governor in MA, ending comic Jimmy Tingle's bid to shift from political humor to political office. Sen. Elizabeth Warren , Massachusetts Democrat, cheered the outcome on Twitter on Tuesday night. She'll face Geoff Diehl, a state representative who served as co-chairman of President Donald Trump's 2016 campaign in the state and defeated two other Republicans for his party's nomination.

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