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Business

That helped send prices lower. "Today's move is just capitulation", said Nick Gentile, managing partner of commodity trading advisor NickJen Capital Management & Consulting LLC in NY. "This means that those countries that the pressures or shocks, which the sanction is going to have on Iran and other members of the cartel, if it was outright sanction, has reduced".
  • Facebook Went Down For Users Across The World

    Facebook Went Down For Users Across The World

    Business

    If you were having trouble logging onto Facebook Monday, you weren't alone. The website DownDetector is showing a 50 percent total blackout report from Facebook users. The outage, caused by a test the social network was conducting, lasted about 40 minutes. An outage has just hit Facebook, Facebook Messenger, and Oculus, with WhatsApp's functionality affected as well.
  • Amazon Picking Long Island City & Northern Virginia For Split HQ2

    Amazon Picking Long Island City & Northern Virginia For Split HQ2

    Business

    In a follow-up story from last week , The Wall Street Journal is reporting that Amazon will split its highly-coveted HQ2 between New York City and Northern Virginia. Amazon sparked a bidding frenzy in September, 2017, when it announced it would invest more than US$5-billion to create an "HQ2" in addition to its home base in Seattle and hire up to 50,000 people.
  • Declining oil becomes an emerging market catalst

    Business

    He noted that in 2015 when OPEC lifted its output by about 2 million barrels a day, just over 2% of global demand at the time, oil prices decreased by roughly a third, while oil stocks experienced a simultaneous plunge. Worldwide benchmark Brent crude oil futures were at 71.11 dollars per barrel at 0051 GMT, up by 93 cents, or 1.3 per cent from their last close. Speaking in Abu Dhabi , he said that Saudi Arabia's announcement would now "probably firm the price".
  • Oil gains after Saudi paves the way for an output cut

    Oil gains after Saudi paves the way for an output cut

    Business

    Separately, Khalid al-Falih, energy minister of the world's top supplier Saudi Arabia , said the kingdom would cut production by 500,000 barrels per day, AFP reported . Meeting in Abu Dhabi to examine how to curb a sharp slide in oil prices , the producers said they "reviewed current oil supply and demand fundamentals and noted that 2019 prospects point to higher supply growth than global requirements".
  • China's Single's Day sales hit 1.4 bln Dollars in first 2 minutes

    China's Single's Day sales hit 1.4 bln Dollars in first 2 minutes

    Business

    Called the 11/11 Global Shopping Festival, otherwise known as Singles' Day in China because of its collection of ones is perhaps the world's biggest online shopping extravaganza. Billionaire co-founder Jack Ma has been a vocal opponent of the tariffs on hundreds of billions of dollars' worth of US and Chinese goods, calling the trade war "the most stupid thing in this world".
  • Google walkout organizers vow to 'not let up' following CEO's response

    Google walkout organizers vow to 'not let up' following CEO's response

    Business

    In the letter, shared publicly on Google's blog, Pichai said Google recognizes it has not always gotten everything right in the past and for that, they are sincerely sorry. Payne Capital Management's Michelle McKinnon and EventShares Chief Investment Officer Ben Phillips on Google employees staging a walkout to protest sexual misconduct allegations at the company and the outlook for the tech sector.
  • MPs show support for Jo Johnson after resignation

    MPs show support for Jo Johnson after resignation

    Business

    Mr Johnson said his role as transport minister had caused him concern about the impact of a no-deal outcome. Writing in Saturday's Daily Telegraph, she said she had raised DUP concerns with Mrs May , but the PM's response failed to allay their fears.
  • Black Friday 2018: Walmart's ad is out with early deals

    Black Friday 2018: Walmart's ad is out with early deals

    Business

    Online, Walmart will be rolling out Black Friday deals at 10 p.m. ET on November 21, earlier than it's ever done before. Meanwhile, the in-store event will begin at 6 p.m. Some estimates suggest spending could reach $1 trillion for the first time. But what about this "skip the line" offer? On its website, it will have 18 unique Black Friday deals live as early as midnight Thursday - including a Sharp 55-inch Class 4K Ultra HD HDR Smart LED TV on sale for $299 and a Farberware Oil-Less ...
  • Unions call for urgent talks as Bombardier sheds 5000 jobs

    Unions call for urgent talks as Bombardier sheds 5000 jobs

    Business

    Bombardier has said this includes the reduction of "approximately 5,000" positions across the organisation over the next 12 to 18 months, which it expects will result in annual savings of $250 million (£191m) by 2021. Dropping the Q400 will allow Bombardier to zero in on producing its Global series of long-range business jets, including the Global 7500 , whose first aircraft is slated for delivery next month.
  • Indonesian flight delayed due to stinky fruit

    Indonesian flight delayed due to stinky fruit

    Business

    Passengers on the flight demanded the fruit be unloaded before the plane took off due to the very bad stench. However the airline agreed to remove the fruit, and passengers disembarked while it was offloaded. Crew allegedly told him that the smell would go away once the flight was in the air. " Many airlines do this ", Sriwijaya Air senior corporate communications manager Retri Maya said in a statement to the Post on Tuesday.
  • Oil Slides As Iran Sanctions Fail, US Supplies Build

    Oil Slides As Iran Sanctions Fail, US Supplies Build

    Business

    Iranian Foreign Minister Mohammad Javad Zarif said that United States President Donald Trump's administration will "regret" the newly-imposed sanctions on his country. Oil's retreat has increased pressure on OPEC and its allies to cut supply just months after adding barrels. Most ships arrived in the last 30 days, shipping data showed, as Iran tried to get as much crude as possible into markets before the sanctions took effect.
  • Tesla names Robyn Denholm as chair to replace Elon Musk

    Tesla names Robyn Denholm as chair to replace Elon Musk

    Business

    Critics of Tesla's board have said members lack independence and are too closely allied with Musk, many through financial deals. The settlement with the securities watchdog required Musk and Tesla to each pay $20 million in fines (€17.5 million).
  • Polls open in eastern USA states for crucial mid-term elections

    Polls open in eastern USA states for crucial mid-term elections

    Business

    Republicans enjoy a slim 51-49 edge in the Senate and are favored to hang on to their majority since Democrats are defending 26 seats, and Republicans only nine. Appearing in IN, and later in Chicago, Obama warned Democrats not to be distracted by lies and fear-mongering. Despite raising a record amount of campaign cash - $38 million - Beto O'Rourke failed to unseat Republican Senator Ted Cruz.
  • USA midterms: Democrats flip the House of Representatives

    USA midterms: Democrats flip the House of Representatives

    Business

    They also could force Trump to scale back his legislative ambitions, possibly dooming his promises to fund a border wall with Mexico, pass a second major tax-cut package or carry out his hardline policies on trade. The outcome is a significant victory for Democrats after the party was locked out of power in Washington following the 2016 presidential election.
  • Oil market cautious as United States punitive sanctions on Iran become effective

    Oil market cautious as United States punitive sanctions on Iran become effective

    Business

    The US is forcing other countries to cut off ties with Iran and has threatened to impose sanctions on them as well. "This has nothing to do with Iran". After Monday's drop in prices by 0.5 percent for Brent crude and 0.6 percent for the West Texas Intermediate (WTI), it rose again soon after the USA press conference to announce the details of the second package of sanctions against Iran.
  • Americans vote in mid-term elections

    Americans vote in mid-term elections

    Business

    Weather could affect turnout , with residents of several states in the Deep South and Mid-Atlantic contending with thunderstorms, high winds and power outages. The demographic shifts also reflect each party's closing argument. The rejected ad featured footage of an undocumented immigrant from Mexico , Luis Bracamontes, bragging about his murder of two California police officers in 2014, with ominous music in the background, followed by images of the migrant caravan that originated in ...
  • USA midterm elections: A blue wave or a red rally?

    USA midterm elections: A blue wave or a red rally?

    Business

    That's unlikely, by all accounts, because the map is so friendly for the GOP. "If the radical Democrats take power they will take a wrecking ball to our economy and our future", Trump declared in Cleveland, using the same heated rhetoric that has defined much of his presidency.
  • Amazon in 'advanced talks' to open headquarters in Washington DC area

    Amazon in 'advanced talks' to open headquarters in Washington DC area

    Business

    Speculation is also building that an announcement about which city will get HQ2 could come this month after Tuesday's midterm elections, according to the Washington Post story. The Walsh administration previous year submitted the Suffolk Downs site in East Boston as the "perfect match" for Amazon's second headquarters. Amazon declined to comment on his remarks.
  • Second Amazon headquarters a tale of two cities

    Second Amazon headquarters a tale of two cities

    Business

    The Wall Street Journal reports that New York City is one of three municipalities in the late stages of discussion with Amazon about the two-city plan, along with Dallas and Crystal City, Virginia . The company stipulated that it was seeking to be near a metropolitan area with more than a million people; be able to attract top technical talent; be within 45 minutes of an global airport; have direct access to mass transit; and be able to expand the headquarters to as much as 8 million ...
  • Amazon just announced its best Black Friday deal: Free shipping on everything

    Amazon just announced its best Black Friday deal: Free shipping on everything

    Business

    Of course, if you want more benefits, like free videos, music streaming, books, and guaranteed shipping speeds, you may want to try out a free 30-day trial of Amazon Prime . Shoppers who aren't Prime members will get slower shipping, which can take five to eight days. The e-commerce giant is offering free shipping to all customers this holiday, starting November 5 .
  • New poll gives Dems smallest lead yet before midterms

    New poll gives Dems smallest lead yet before midterms

    Business

    Trump has delivered a very different closing argument, railing against Latin American immigrants seeking asylum at the US border. Guess who is delivering results for women in this country? Despite their big 2016 campaign pledge , Trump and Republicans have so far failed to outright repeal Obamacare, although they have unravelled it little by little.
  • US sanctions will not force immediate crisis in Iran

    US sanctions will not force immediate crisis in Iran

    Business

    He added that Trump's policy of "maximum pressure will be fully in place as of tomorrow". To continue exporting crude oil, Iranian tankers in recent weeks have been turning off their transponders to avoid detection. "We are prepared to resist any pressure", Rouhani said. The U.S. president took to his unhinged Twitter account to post an image (which you can go find for yourself) warning people that "sanctions are coming", and the image made use of Game of Thrones-esque imagery and fonts.
  • 2 contractors killed in Amazon warehouse collapse in Baltimore

    2 contractors killed in Amazon warehouse collapse in Baltimore

    Business

    A second victim was found about an hour later, he said. This footage, showing the Amazon facility, was taken by videographer Vincent Figueroa. The incident occurred late Friday as severe winds and heavy rain swept into Maryland's largest city, according to Hogan and a statement by an Amazon executive.
  • Apple to stop releasing iPhone sales numbers

    Apple to stop releasing iPhone sales numbers

    Business

    Apple continues to sell millions of devices , but the bigger picture is the company's average selling price for iPhone , which was at $793 United States dollars in Q4, a huge surge compared to the year-ago quarter, at $618 USD. Elazar Advisors analyst Chaim Siegel said that China trade issues could be making it hard for Apple to get the supplies it needs. One major announcement made by Apple in the earnings call is that the Cupertino company will not reveal its unit sales for ...
  • Google Employees Stage Walkouts To Protest Company's Handling Of Harassment

    Google Employees Stage Walkouts To Protest Company's Handling Of Harassment

    Business

    I stand w/hundreds of #Google engineers planning the women's walkout in protest of the $90M exit package gifted to Andy Rubin after Google found allegations of his sexual misconduct to be credible. Google did not dispute the report, according to Reuters. The walkout organizers also called for gender equality in a company where women account for just 30 percent of the workforce, and only 25 percent of Google's leadership.
  • Soybeans soar on Trump, Xi tweet trade talk

    Soybeans soar on Trump, Xi tweet trade talk

    Business

    The conversation was mainly about trade, but also about North Korea. Kudlow said there was no specific trigger point for a decision to impose more tariffs on Chinese goods. midterm elections and a possible meeting between presidents Xi Jinping and Donald Trump. His comments came a day after US Secretary of State Mike Pompeo said China should "behave like a normal nation on commerce and with respect to the rules of global law".
  • With Asian aid, Iran might withstand new US oil sanctions

    With Asian aid, Iran might withstand new US oil sanctions

    Business

    Trump said in a presidential statement late on Friday night. In addition to the countries allowed to continue buying Iranian oil, the backing of China, Iran's largest trading partner, may also prove critical. Pompeo defended the oil waivers and noted that since May, when the USA began to press countries to stop buying Iranian oil, Iran's exports had dropped by more than 1 million barrels per day.
  • U.S. midterms: The themes that motivate voters

    U.S. midterms: The themes that motivate voters

    Business

    The midterms, to be held on November 6, are elections to the United States Congress - the Senate and the House of Representatives - that occur in the middle of the four-year term of a President. That would be in line with historical precedent. But while the signs look good for the Democrats in the House, the Senate is another story. All 435 House seats are up for grabs; each has a two-year term.
  • Trump expects 'very good' trade deal with China

    Trump expects 'very good' trade deal with China

    Business

    China and the United States are locked in an increasingly bitter trade war , and both countries have already placed tariffs on some of each other's imports. President Trump has made very clear to China that they must change their "unfair" trade practices including theft of USA intellectual property. The president's remarks helped United States stocks to trim their losses on a day that started with market optimism over a Bloomberg report quoting unnamed sources as saying that Trump had ...
  • China Is Next on Khan's List as Pakistan Looks for Bailout Money

    China Is Next on Khan's List as Pakistan Looks for Bailout Money

    Business

    While Commerce Minister Dawood told the Financial Times that some of the CPEC agreements were unfair to Pakistani companies and should be put on hold for a year, Railways Minister Rasheed said that Pakistan wants to cut the size of the Dollars 8 billion Karachi-Peshawar rail line, the biggest project of the CPEC, by USD 2 billion.
  • Starbucks Holiday Drinks, Cups, Food, and Gifts Hit Stores

    Starbucks Holiday Drinks, Cups, Food, and Gifts Hit Stores

    Business

    The result is 'not only retro, but true to who we are, ' Brewer said. The "Stripes" cup features thick bands of bright poppy and dark cranberry red, accented with white pale rose gold, drawing inspiration from sealed seam that runs along the back of each bag of Starbucks coffee and "born out of the holiday feeling of boxing holiday presents and wrapping paper".
  • US, Russia, Saudi Arabia Crash Oil Prices - World News

    US, Russia, Saudi Arabia Crash Oil Prices - World News

    Business

    Analysts said oil prices were also supported by the upcoming USA sanctions against Iran's crude exports that will start on Nov 4. "Technically the market has been in a weak position", said Phil Flynn , analyst at Price Futures Group in Chicago.
  • Donald Trump Expects "Very Good" Trade Deal With China

    Business

    The Chinese president also said he would like to meet Trump at the G20. China has been hurt over the past months and is having a "hard time" due to strong steps taken by the U.S. "Trump's so-called directive to his staff to draft an agreement is either a hollow gesture or an ostentatious move, or both", he said. Markets have soared on reports that the two sides are closing in on a deal that would avoid Washington piling on still more tariffs against Chinese imports.
  • Brent oil dips on rising supply, global market woes

    Brent oil dips on rising supply, global market woes

    Business

    Jahangiri further emphasized that the United States efforts to encourage Saudi Arabia to replace Iran's oil in markets were in vain, stressing that oil prices would nonetheless rise if Iranian supplies were to be cut off. Iran's First Vice President Es'haq Jahangiri was quoted by media as saying that the government of President Hassan Rouhani had already devised mechanisms to counter the impacts of returning United States sanctions against the country's oil exports.
  • Japan Airlines pilot admits being nearly 10 times over alcohol limit

    Japan Airlines pilot admits being nearly 10 times over alcohol limit

    Business

    Ishii's remarks came after co-pilot Katsutoshi Jitsukawa pleaded guilty to being over the legal alcohol limit at a United Kingdom court. JAL executives told reporters in Japan that the co-pilot cleared an in-house breath test but aroused the suspicion of a bus driver taking him to the plane from Heathrow Airport on Sunday.
  • Trump Spoke With China's Xi on Trade, Says Talks Going 'Nicely'

    Trump Spoke With China's Xi on Trade, Says Talks Going 'Nicely'

    Business

    The offshore yuan jumped 0.83 percent to 6.8601. Mr Xi said he was "very happy" to talk to Mr Trump again and that he puts "great importance [on] good relations with the president", according to Chinese state media. In Beijing , that was seen as an insult to Mr Xi, who sent a personal emissary to Washington for the negotiations, and cemented a view that Mr Trump's real goal was to thwart China's rise.
  • How major U.S. stock indexes fared Monday

    How major U.S. stock indexes fared Monday

    Business

    Netflix and Google parent Alphabet were down 5 percent and 4.8 percent, respectively. Japan's Nikkei 225 index jumped 1.4 percent to 21,434.38 after official data showed that its unemployment rate eased to 2.3 percent in September, from 2.4 percent a month earlier.
  • How electricity helped India gain on Ease of Doing Business Ranking

    How electricity helped India gain on Ease of Doing Business Ranking

    Business

    Kenya posted a significant improvement in the 2018 Ease of Doing Business report released by the World Bank on Wednesday. The country was ranked at 70th in 2002 and 85th in 2009. During the past year, Malaysia implemented six reforms and Mauritius five. India has improved its rank in 6 out of 10 indicators and has moved closer to worldwide best practices (Distance to Frontier score) on 7 out of the 10 indicators.
  • Does Budget giveaway hint at early election fears?

    Does Budget giveaway hint at early election fears?

    Business

    The IFS also warned that many public services will continue to feel squeezed for some time to come. As UC is rolled out, around one-third of benefit claimants will end up £1,000 or more worse-off and one-third at least £1,000 a year better-off than they would have been under the previous system.