Finance

Apple shares drop on iPhone suppliers' warnings, Companies & Markets News & Top Stories

Apple shares drop on iPhone suppliers' warnings, Companies & Markets News & Top Stories

Major suppliers to Apple Inc.'s iPhone fell Monday as investors fretted that one of the most important product lines in the technology sector was seeing weak demand. Nikkei reported earlier this month...

by · Finance
China's 'Singles' Day' on track to beat $25 billion sales record

China's 'Singles' Day' on track to beat $25 billion sales record

Chinese e-commerce behemoth Alibaba raked in nearly $10 billion in the first hour of its Singles' Day sale which kicked off on Sunday. Last year, Alibaba recorded $25 billion in the sales of 24 hour...

by · Finance
Tesla replaces Elon Musk as chair-he’ll stay CEO

Tesla replaces Elon Musk as chair-he’ll stay CEO

A Tesla spokesman said Ms Denholm would receive an annual cash retainer of $300,000, with $8000 in stock options annually. She was paid nearly $5 million, mainly in stock options, by the company p...

by · Finance
What’s at stake in USA midterm elections?

What’s at stake in USA midterm elections?

Fox News Channel, which Trump has repeatedly named his favourite broadcaster, also said it would no longer run the spot. Democratic Sens. Joe Manchin in West Virginia and Tammy Baldwin in Wisconsin...

by · Finance
Democrats capture US House majority in rebuke to Trump

Democrats capture US House majority in rebuke to Trump

Senate , CNN , NBC and ABC News said , following a divisive campaign marked by fierce clashes over race, immigration and other cultural issues . This time, they're sitting up. According to ...

by · Finance
Lowe’s Is Closing 51 Stores In The US And Canada

Lowe’s Is Closing 51 Stores In The US And Canada

Some of those retailers like Toys "R" Us , Mattress Firm and Sears have filed for bankruptcy, and have already closed hundreds of locations stores. The company said the "wind-down" of the underperf...

by · Finance
Iranian marchers chant ‘Death to America’ on eve of United States oil sanctions

Iranian marchers chant ‘Death to America’ on eve of United States oil sanctions

US President Donald Trump withdrew the US from the nuclear accord earlier this year, an agreement he called the "worst deal ever negotiated". Iran greeted the re-imposition of US sanctions on Mo...

by · Finance
Amazon to Offer Free Shipping on Holiday Orders

Amazon to Offer Free Shipping on Holiday Orders

Some of Amazon's competitors are also offering free shipping this holiday season. From today, all Amazon customers qualify for free shipping with no minimum spend on "orders that will arrive i...

by · Finance
China says will surely help Pakistan in financial crisis

China says will surely help Pakistan in financial crisis

The joint statement also elaborated on the overall agreements reached between the two countries about expanding CPEC, setting up a foreign minister's strategic dialogue mechanism and strengthening coo...

by · Finance

Trump Has Not Sought Draft China Trade Plan

Those discussions are moving along nicely with meetings being scheduled at the G-20 in Argentina, ' he tweeted. President Trump has imposed tariffs on $250 billion worth of Chinese goods so far this...

by · Finance
Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Trump, Xi upbeat on US-China trade; US targets more Chinese firms

Xinhua, China's state news agency, reported on Friday that Mr Trump had told the Chinese leader that "he looks forward to meeting Xi during the G-20 summit so they can have an in-depth discussion ab...

by · Finance
RBI responsible for NPA crisis, Jaitley makes spat more public

RBI responsible for NPA crisis, Jaitley makes spat more public

Far-sighted government leaders may be able to reap benefits of convincing voters about the importance of investing in macro-economic stability; for instance, by claiming credit for the long-term natur...

by · Finance
Trump plans final campaign swing ahead of Nov

Trump plans final campaign swing ahead of Nov

The $6 million ad buy serves as Trump's closing argument, featuring a suburban mother who recalls hard economic times in the past and offers an optimistic view on the future. "I don't think the math a...

by · Finance
IBM to acquire Red Hat for US$34 billion

IBM to acquire Red Hat for US$34 billion

Presumably the acquisition will have to jump various regulatory hurdles before it is set in stone. Red Hat will become a unit of IBM's Hybrid Cloud division while its CEO Jim Whitehurst will report ...

by · Finance
Powerball results for 10/24/18; did anyone win the $602M jackpot?

Powerball results for 10/24/18; did anyone win the $602M jackpot?

Powerball lottery tickets are sold in 44 states, Washington D.C., Puerto Rico and the U.S. Virgin Islands. The $750 million prize refers to the annuity option, paid annually over 29 years. In the...

by · Finance
Australia Market tumble as Wall Streets slide sparks risk-off mood

Australia Market tumble as Wall Streets slide sparks risk-off mood

On the futures markets, the ASX futures are pointing to a 73 points gain. Thursday's tumble follows a fall by USA stocks overnight, which confirmed a correction for the Nasdaq and erased the Dow...

by · Finance
Tesla share price gets into gear after company posts third-quarter profit

Tesla share price gets into gear after company posts third-quarter profit

The SEC sued him for fraud, calling his claims "false and misleading", before reaching a settlement . If Tesla spends $1 billion on a new factory, the full $1 billion will be counted against free ca...

by · Finance
China, Japan moving from competition to cooperation, leaders say

China, Japan moving from competition to cooperation, leaders say

Although Japan's alliance with the USA keeps the nation in lockstep with Washington on most geopolitical issues, Mr Abe has moved to shore up economic ties with China - its biggest trading partner. As...

by · Finance
China and Russian Federation are reportedly eavesdropping on Trump's phone calls

China and Russian Federation are reportedly eavesdropping on Trump's phone calls

The White House did not immediately respond to our request for comment. "One of the biggest stories of our time is the Mueller investigation", it tweeted. Trump has, of course, insisted that...

by · Finance
Saudi Arabia now says Khashoggi murder 'premeditated'

Saudi Arabia now says Khashoggi murder 'premeditated'

The Tadawul All-Shares Index (TASI) rose 4.3 percent to close trading on the last day of the week on 7,835.54 points. Saudi Arabia's public prosecutor has been quoted as saying the death was " p...

by · Finance
China’s economic growth slows amid trade battle with US

China’s economic growth slows amid trade battle with US

China also responded to the new United States tariffs by cutting its own tariffs on non-US goods to help bolster its economy . The weak construction reading tallies with data in Friday's GDP repo...

by · Finance
Tickets Selling ‘Very, Very Quickly’ for $1.6 Billion Mega Millions

Tickets Selling ‘Very, Very Quickly’ for $1.6 Billion Mega Millions

The winning numbers were: 16, 54, 57, 62, 69, and Powerball 23. The 24 semi-weekly Mega Millions draws have failed to produce a top victor since July 24, when an 11-member office pool in Santa Clara...

by · Finance
Trump Says He Now Believes Khashoggi Is Dead, Threatens 'Consequences'

Trump Says He Now Believes Khashoggi Is Dead, Threatens 'Consequences'

In response to another question on Saudi Arabia , she said: "Canada's position on human rights in general, very much including in Saudi Arabia , is clear and firm". "He had this guy murdered in ...

by · Finance
Oil prices edge up on surprise drawdown in USA crude stockpiles

Oil prices edge up on surprise drawdown in USA crude stockpiles

As oil prices hit $80 per barrel in recent months and with global oil inventories shrinking fast, Saudi Arabia and Russian Federation agreed to ease restrictions although they never said the exact...

by · Finance
Mega Millions Jackpot Grows to $868 Million

Mega Millions Jackpot Grows to $868 Million

Those who take the cash will receive a one-time lump-sum equal to all the cash in the prize pool - which is $494 million for Friday's drawing. The lottery prize is the largest-ever for Mega Million...

by · Finance
Pompeo meets with Turkish leaders on missing Saudi writer

Pompeo meets with Turkish leaders on missing Saudi writer

The piece, entitled "What the Arab world needs most is free expression", addresses the crackdown on journalists in Saudi Arabia and other countries. Back in Washington , President Trump confident...

by · Finance
SoftBank Group shares slide 5 percent as Saudi ties cause concern

SoftBank Group shares slide 5 percent as Saudi ties cause concern

The statement did not directly acknowledge Khashoggi's disappearance, which happened October 2 when he visited the Saudi Consulate in Istanbul. US President Donald Trump has threatened Saudi Ar...

by · Finance
Mega Millions Winning Numbers Announced For $548 Million Jackpot

Mega Millions Winning Numbers Announced For $548 Million Jackpot

In 2012, three winning tickets were sold, so the jackpot was split three ways in Kansas, Illinois, and Maryland. Mega Millions appears to be the big draw lately. The immediate cash value of the ...

by · Finance
Trump says 'rogue killers' may be behind Khashoggi disappearance

Trump says 'rogue killers' may be behind Khashoggi disappearance

This would be the first such measure since the 1973 oil embargo. Idris also said Saudi rulers were conducting "a horrendous war" against the poverty-stricken people in Yemen which had seen schools...

by · Finance
Trump sending Mike Pompeo to meet Saudi King ‘immediately’ over missing journalist

Trump sending Mike Pompeo to meet Saudi King ‘immediately’ over missing journalist

CNN reported that the Saudis were going to admit the killing had occurred but deny the king or crown prince had ordered it, which does not match what analysts and experts know about the kingdom's i...

by · Finance
Saudi stocks dive 7.0 percent, wiping out 2018 gains

Saudi stocks dive 7.0 percent, wiping out 2018 gains

Imposing any type of sanctions on Saudi Arabia by the West will cause the kingdom to resort to other options, US President Donald Trump had said a few days ago, and that Russian Federation and Chi...

by · Finance
Trump warns he could do ‘a lot more’ on China trade

Trump warns he could do ‘a lot more’ on China trade

China's trade surplus with the U.S. grew 10 percent in September from a record $31bn in August, according to China's customs administration - a 22 percent jump from the same month previous year. "Mark...

by · Finance
Wall Street Yo-Yos in Early Trading Thursday

Wall Street Yo-Yos in Early Trading Thursday

More than a quarter of stocks on the Shanghai exchange fell by their 10 percent daily limit, according to Bloomberg, as the Shanghai Composite Index hit lows not seen since 2014. "People fear building...

by · Finance
Saudi crown prince reportedly ordered op against missing journalist

Saudi crown prince reportedly ordered op against missing journalist

He warned that the Saudis could instead buy from Russian Federation or China. According to one friend, Khashoggi told him "I don't trust them one bit" after a conversation with one such official. ...

by · Finance
U.S. Sanctions cause Oil Value to Rise

U.S. Sanctions cause Oil Value to Rise

Brent fell a mere 20 cents to $84.38, while WTI rose 1 cent to $74.34, these numbers said to be the outcome of the USA unemployment rate falling to a 49 year low of 3.7 percent and somewhat mitigati...

by · Finance