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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.
  • 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.
  • Govt softens stand in tiff with RBI, says it respects autonomy

    Govt softens stand in tiff with RBI, says it respects autonomy

    Business

    Acharya's comments gave an indication that the central bank is pushing back hard against government pressure to relax its policies and reduce its powers ahead of a general election due by next May. In open letter, All India Reserve Bank Employees Association says govt must desist from nibbling at central bank's autonomy and let it do its job in an unfettered way, else it will incur the wrath of financial markets.
  • Trump plans 2 Missouri stops before US Senate election

    Trump plans 2 Missouri stops before US Senate election

    Business

    Democrats must net two seats in the Senate and eight seats in the House to take Republicans below a veto-proof majority. "Clearly the Kavanaugh confirmation was an inflection point to activate the Republican base, and even pull over some Democratic men", said Rob Stutzman, a Republican consultant based in California.
  • U.S. GDP report shows economy grew at a slower pace

    U.S. GDP report shows economy grew at a slower pace

    Business

    As the chart below shows, the Congressional Budget Office estimated the USA economy would grow 3.3 percent this year. During the past 4 quarters, GDP has grown 3.0 percent. Trump's trade war with China is set to escalate in January, when tariffs on about half of all imports from China jump from 10% to 25%. This is published unedited from the PTI feed .
  • Iran sanction fears see oil prices bounce back

    Iran sanction fears see oil prices bounce back

    Business

    Brent crude oil fell $1.12 or 1.5% to a low of $75.77 per barrel and was trading around $76.24, down 65 cents, by 1130 GMT. U.S. West Texas Intermediate (WTI) crude futures were at $66.44 a barrel, 38 cents, or 0.6 percent, below their last settlement.
  • IBM buys Linux giant Red Hat to thrive in the cloud

    IBM buys Linux giant Red Hat to thrive in the cloud

    Business

    Arvind Krishna, senior vice president of IBM's Hybrid Cloud division, the unit that will house Red Hat, tells Barron's the market potential for that 80% is $1 trillion. Anticipating concerns that the acquisition would endanger Red Hat's appeal as an agnostic provider of open-source software, IBM said it will "remain committed to Red Hat's open governance, open source contributions, participation in the open source community and development model, and fostering its widespread developer ...
  • World billionaire wealth surges to record high $12.6 trillion

    World billionaire wealth surges to record high $12.6 trillion

    Business

    There are fewer billionaires in Britain but their accumulated wealth has soared to more than £200 billion. But this is just the beginning. Their collective wealth increased by 19 percent to the staggering total of $8.9 trillion (€7.83 trillion), led by growth in China .
  • Markets Right Now: US stock indexes surge a day after a rout

    Markets Right Now: US stock indexes surge a day after a rout

    Business

    The major banks - Commonwealth Bank, Westpac, ANZ and NAB - have each lost more than 1.2 per cent. Commenting on today's market action, "it's been the one big weakness in the US economy". She expects that to change when the dust settles. "Investors were looking at their earnings to maybe prop up the market and get us out of this correction that we've been in", said Paul Brigandi, managing director and head of trading at Direxion in NY.
  • In Record Mega Millions Drawing, San Francisco Ticket Matches 5 Of 6

    In Record Mega Millions Drawing, San Francisco Ticket Matches 5 Of 6

    Business

    The South Carolina ticket that won had all five numbers and the magic bullet, the Mega Ball 5. Mega Millions winners have 180 days to claim their prizes after the draw date printed on the ticket. We haven't seen a jackpot this big since Powerball hit $1.6 billion back in January 2016. Mega Millions tickets are sold in 44 U.S. states, the District of Columbia and the Virgin Islands.
  • As Trump rails against Fed, Powell takes to Capitol Hill

    As Trump rails against Fed, Powell takes to Capitol Hill

    Business

    But the president has lately expressed frustration with the Fed's gradual interest rate increases, created to slow down the economy and prevent inflation from taking off - standard macroeconomic steps that Trump insists are undercutting his expansionary fiscal moves.
  • $100000 Powerball ticket sold in Fargo

    $100000 Powerball ticket sold in Fargo

    Business

    It could be the fourth largest in U.S. lottery history and the game's third largest jackpot. In Michigan, two tickets sold matched four white ball and the Powerball to win $50,000. LANSING, MI - The Powerball jackpot is now worth three quarters of $1 billion as there was no victor of the $602 million jackpot for the drawing held on Wednesday, Oct.
  • Tesla reportedly faces FBI investigation over production numbers

    Tesla reportedly faces FBI investigation over production numbers

    Business

    Strong demand for pricier all-wheel-drive and high-performance versions of the Model 3 , plus Tesla's plan to start selling the vehicle in Europe early next year, should support profit margins, he wrote in an email. Musk envisioned a day when Tesla owners would be able to make their autonomous cars part of a ride-sharing fleet run by the company. That was the equivalent of $1.75 per share, up from a loss of $3.70 per share in 2017.
  • Saudi crown prince vows to bring Khashoggi killers to justice

    Saudi crown prince vows to bring Khashoggi killers to justice

    Business

    Turkey has been focusing on a well in the garden of Saudi Arabia's consulate as part of its investigation into the killing by Saudi officials of writer Jamal Khashoggi , whose body is still missing. Saudi Arabia first denied any involvement in Khashoggi's disappearance but a Saudi official eventually attributed his death on October 2 to a botched attempt to return him to the kingdom.
  • Google, Amazon Suffer Market Setbacks on Sales Outlook

    Google, Amazon Suffer Market Setbacks on Sales Outlook

    Business

    Sales will be from US$66.5 billion to US$72.5 billion in the current period, falling short of analysts' average estimate of US$73.8 billion. The upcoming season is expected to benefit from a strong U.S. It will cost Amazon an extra $333 million to fund its higher salaries during the fourth quarter, according to Cowen, a financial research company. The company showed slowing revenue growth in all categories quarter over quarter, including online sales and subscription sales, Amazon Web ...
  • Dog pretends to be stray for McDonalds burger

    Dog pretends to be stray for McDonalds burger

    Business

    This dog sneaks out of the house at night to sit outside McDonald's and pretend to be a stray " so people will feel bad for her & feed her burgers", her owner says. She appears to be having a good time with the newfound attention, as well. On Monday night, she drove to McDonald's and spotted Princess there, "waiting to be fed".
  • Anxious about iPhone eavesdroppers? China says Trump may need a Huawei

    Anxious about iPhone eavesdroppers? China says Trump may need a Huawei

    Business

    China on Thursday denounced a USA newspaper report that it is listening to President Donald Trump's phone calls , and suggested he exchange his iPhone for a cellphone made by Chinese manufacturer Huawei . White House officials say they can only hope he refrains from discussing classified information when he is on them. The agencies were said to have learned of the eavesdropping from people inside foreign governments and through intercepting communications between foreign officials, ...
  • Update on John Cena Possibly Not Working WWE Crown Jewel

    Update on John Cena Possibly Not Working WWE Crown Jewel

    Business

    A columnist for The Washington Post , Khashoggi was last seen on October 2 when he entered the Saudi Consulate in Istanbul. In a speech timed to coincide with the start of the three-day global business conference, Turkish President Recep Tayyip Erdogan rejected the Saudi narrative and said Khashoggi's murder was planned in Riyadh.
  • Dow plunges more than 600 points, Nasdaq enters a correction

    Dow plunges more than 600 points, Nasdaq enters a correction

    Business

    All 11 major S&P sectors were in the red, with the defensive utilities, real estate and consumer staples indexes posting the smallest losses. United States stocks fell on Tuesday after worries about the earnings outlook added to recent selling pressure, though major indexes ended well off the day's lows as investors snapped up beaten-down shares late in the session.
  • Turkey keeps pressure on Saudis

    Turkey keeps pressure on Saudis

    Business

    Mr Trump's administration is facing rising pressure to act against its long-time ally Saudi Arabia and the President has appeared to be stepping back from giving Crown Prince Mohammed bin Salman his full support. We will continue to explore additional measures to hold those accountable. While Slovakia and Czech Republic have signalled a willingness to discuss the matter, Spain and the United Kingdom have rejected calls to end arms exports to Saudi Arabia.
  • Former President Obama Holds Rally in Las Vegas

    Former President Obama Holds Rally in Las Vegas

    Business

    Attorney General Jeff Sessions and the separation of immigrant families at the U.S. -Mexico border. Obama also criticized Heller, saying, 'the current senator, he doesn't seem to be willing to stand up to this. Keelie Broom, a spokeswoman for the Republican National Committee, said 'Nevada saw some of its darkest days as a result of relentless government overreach advanced by the Obama administration'.
  • Seven $10K Winning Mega Millions Tickets Sold In Minnesota

    Seven $10K Winning Mega Millions Tickets Sold In Minnesota

    Business

    The winning ticket numbers were 5, 28, 62, 65, 70 and the mega number, 5 . 'The final total was less than the $1.6 billion estimate, ' confirmed Carol Gentry, a spokeswoman for the Maryland Lottery , which leads a consortium of state lotteries participating in the Mega Millions jackpot .
  • $1.6 billion Mega Millions drawing to be held Tuesday night

    $1.6 billion Mega Millions drawing to be held Tuesday night

    Business

    If no tickets match the Tuesday numbers, lottery officials say the jackpot is expected to grow to an estimated $2 billion for Friday's drawing . Thanks to the massive $1.6 billion Mega Millions jackpot , Washington State Lottery sales are blistering hot. Meanwhile, some states that allow lotteries crush their competition with strict gambling regulations.
  • Trump says Mohammad bin Salman could be behind murder of Khashoggi

    Trump says Mohammad bin Salman could be behind murder of Khashoggi

    Business

    Mr Erdogan stopped short of mentioning the crown prince who some United States lawmakers suspect ordered the killing. Erdogan also said the murder was planned in advance, can be no cover-up and asked for the extradition of 18 suspects. "Turkish authorities seem to be concentrated on turning this into a multilateral issue" because they don't want "to be left alone with Saudi Arabia on all of this", he said.
  • Pakistan says Saudi Arabia agrees to $6 billion support package

    Pakistan says Saudi Arabia agrees to $6 billion support package

    Business

    Similarly, peace in Afghanistan would help Pakistan to have an easy access to the Central Asian states for bilateral economic and trade activities, he said. The government will clamp down on money launderers and create opportunities for investment, Khan added. "He (Khan) attributed this (cancellation) to anti-Pakistan rhetoric raking in votes in India", the Express Tribune newspaper reported, citing the prime minister.
  • Dyson to make electric cars in Singapore

    Dyson to make electric cars in Singapore

    Business

    Electric vehicles are increasing in popularity as governments worldwide drive forward plans to gradually phase out polluting petrol and diesel cars. Founder and chief engineer James Dyson's vision for an electric auto includes about US$2.7 billion (NZ$4.1 billion) in spending on technology and production.
  • $1.6 billion Mega Millions jackpot up for grabs tonight

    $1.6 billion Mega Millions jackpot up for grabs tonight

    Business

    The lottery and the frenzy that surrounds it, he says, is all based on the 'theory of fantasy'. For Mega Millions, players choose six numbers: five from a range of white balls, numbered 1 to 70, and one number for the Mega Ball, with a range of 1 to 25.
  • Saudi foreign minister commits to ‘comprehensive’ probe of Jamal Khashoggi’s killing

    Saudi foreign minister commits to ‘comprehensive’ probe of Jamal Khashoggi’s killing

    Business

    Saudi Arabia has described the suspects as rogue operators, even though officials linked to Saudi Arabia's assertive Crown Prince Mohammed bin Salman have been implicated in the killing. Before Erdogan's announcement, top Turkish officials said Turkey would clarify exactly what happened to Khashoggi as pressure increased on Saudi Arabia, which is hosting a glitzy investment conference this week that many dignitaries have chose to skip because of the scandal.
  • The Boring Company has nearly finished its first tunnel

    The Boring Company has nearly finished its first tunnel

    Business

    Privately held Boring Co has been promoting its plans for tunnels that would allow high-speed travel between cities. Musk, a space entrepreneur and electric-car pioneer, has pledged to complete the test tunnel by the end of the year. "The first tunnel is nearly done", Musk said on his official Twitter account. The public can take free rides on the futuristic, high-speed underground shortcut on the following day that is December 11.
  • Police Investigating Man's Racist Outburst on Flight

    Business

    Ryanair is under fire for not removing the man from the flight. It has referred the matter to Essex Police. After millions viewed a video of a man hurling racial slurs at a black woman on a Ryanair flight, it seems the airline may be taking further action.
  • EU Commission slams Italy's budget plan as Euro falls

    EU Commission slams Italy's budget plan as Euro falls

    Business

    He has previously warned the Italian government would "not be afraid" to use its veto powers in the European Union as a "last resort" to push the bloc into lifting sanctions against Russian Federation. "We don't want to have any type of fight, we are not interested in an escalation. market operators will be reassured by constructive dialogue", he said.
  • Khashoggi 'body double' left Saudi consulate after killing

    Khashoggi 'body double' left Saudi consulate after killing

    Business

    Statements from the agency said both the king and the crown prince expressed their condolences for Khashoggi's death. Hatice Cengiz (left), fiancee of Saudi journalist Jamal Khashoggi and her friend wait outside Saudi Arabia's consulate in Istanbul, Turkey October 3, 2018.
  • Jamal Khashoggi death: Saudi Arabia say journalist was murdered

    Jamal Khashoggi death: Saudi Arabia say journalist was murdered

    Business

    American intelligence officials have said they intercepted communications showing that Saudi officials were plotting to lure Khashoggi back to the kingdom - an operation that was ordered by the crown prince, the officials said. Statements from the agency said both the king and the crown prince expressed their condolences for Khashoggi's death. Authorities in Turkey have yet to confirm or deny the existence of a rumored audio recording of the killing from inside the consulate.
  • No victor again: Powerball jackpot up to $620 million

    No victor again: Powerball jackpot up to $620 million

    Business

    Friday morning, the jackpot rose to $1 billion, with an estimated cash payout of more than $565 million. United Kingdom players can win a separate prize by betting on the numbers. A sign in the window of a liquor store shows the Powerball lottery jackpot at $700 million in Washington, on January 7, 2016. Powerball has climbed since there was a victor in NY on August 11.