Finance

Pres. Trump seeks to sell shutdown, trade policies to farmers

Pres. Trump seeks to sell shutdown, trade policies to farmers Trump promised his audience that the trade battles will eventually pay off. "It's only going to get better because we're doing trade deals that are going to get you so much business, you're not even going to believe it", he said. Trump authorized about $11-billion in aid payments to farmers hurt by trade fights past year, billing it as a promise kept to a key constituency. The government s... [Full Article...]

Canadians send pizza to USA workers affected by shutdown

Canadians send pizza to USA workers affected by shutdown The Canadian air traffic controllers said they had a special "bond" with their United States colleagues who they had daily interactions with while managing North American airspace. The FAA released a statement on Twitter on December 22, saying, "Air traffic control is fully operational and there is no impact to safety or FAA oversight for travelers". [Full Article...]

Newmont buys Goldcorp to create world's top gold company

Newmont buys Goldcorp to create world's top gold company Shareholders of Newmont Mining Corp . will own 65 percent of the combined business, with Goldcorp shareholders owning 35 percent. The deal is the second high-profile merger in the mining industry since Barrick Gold Corp agreed to buy Randgold Resources Ltd in September previous year to cut costs. [Full Article...]

Brexit deal result: Theresa May’s plan rejected by MPs in parliament

Brexit deal result: Theresa May’s plan rejected by MPs in parliament If the motion, which is another word for a debate and subsequent vote, is agreed on by the majority of MPs, the House has two weeks to form a government - and if this is not achieved Parliament is dissolved and an early General Election is triggered. [Full Article...]

China's exports shrink most in two years, raising risks for global economy

China's exports shrink most in two years, raising risks for global economy The figures come after a USA delegation held three days of talks in Beijing last week in the first face-to-face meeting since Donald Trump and Chinese leader Xi Jinping in December pledged a 90-day truce to resolve the crisis. Crude oil imports for the full 2018 averaged 9.24 million bpd, up by a little over 10 percent on an annual basis, or 846,600 bpd more than the average daily import rate ... [Full Article...]

Passenger with gun slips past security in Atlanta during shutdown

Passenger with gun slips past security in Atlanta during shutdown The TSA on Monday experienced more than twice the normal rate of security officers calling in sick , agency spokesman Michael Bilello said in a tweet . TSA employees have worked without pay since December 22 amid what has become the longest federal shutdown in the nation's history. But the impact of those absences on fliers and airport security has been hotly debated. [Full Article...]

Cadillac shows off its nameless-for-now first full electric

Cadillac shows off its nameless-for-now first full electric GM is vowing to reposition Cadillac as an EV brand. The EVs can be configured in front-, rear- or all-wheel drive, and the output of their battery systems will be adjustable based on vehicle and customer needs. That could be a challenge to Tesla and its Model X sport-utility vehicle with gull wing doors, especially with other all electric luxury SUVs in the auto maker pipeline. [Full Article...]

PG&E talking with banks about multibillion dollar bankruptcy financing package

PG&E talking with banks about multibillion dollar bankruptcy financing package The company has been under pressure from the California Public Utilities Commission to make operational changes. The 150-year-old company said: "We recognise that the devastating and unprecedented Northern California wildfires of 2017 and 2018 have had a profound impact on our customers and their communities". [Full Article...]

Ford to cut thousands of jobs in Europe

Ford to cut thousands of jobs in Europe The company says it will cut 4,500 jobs as it deals with the China downturn and growing uncertainty about the terms of Brexit . Speaking to reporters after the announcement, Mr Armstrong said the firm "needed to address the parts of the business that are unprofitable". [Full Article...]

Lenovo leads PC shipments for 4Q18 and for the year overall

Lenovo leads PC shipments for 4Q18 and for the year overall This according to the latest preliminary research from Gartner , which said on Friday that global PC shipments in the fourth quarter of past year totalled 68.6 million units. The end of the processor shortage will likely help boost PC sales but any further escalation of the USA trade war against China could be devastating for the PC market. [Full Article...]

Costco is now selling a 27-pound bucket of macaroni and cheese

Costco is now selling a 27-pound bucket of macaroni and cheese It will run you $89.99, but you'll have macaroni and cheese forever. There is some bad news though: It's now out of stock. You can never have too much mac and cheese , right? 27-lb. This certainly isn't the purchase you'd make if you were lactose intolerant. On Costco's website , Chef's Banquet sells two additional products for mass serving. [Full Article...]

Democrats Reportedly Trying to "Rein In" Ocasio-Cortez

Democrats Reportedly Trying to She's repeatedly stated her support for legalization and advocated to fix the harms caused by the War on Drugs . Freshman Rep. Alexandria Ocasio-Cortez reportedly is poised to be appointed to the House Financial Services Committee. The assignment, which lawmakers say they expect her to receive, might pit the 29-year-old politician not only against banks - a major local industry in her state, bu... [Full Article...]

Congress asks FCC for emergency briefing on ending location data sales

Congress asks FCC for emergency briefing on ending location data sales A T-Mobile spokesperson said the company takes customer privacy and security "very seriously and will not tolerate any misuse of our customers' data". Tweeting a response to the Motherboard article, Rosenworcel wrote: "The @fcc needs to investigate". The bounty hunter quickly obtained the reporter's location using Zumigo's location data from his T-Mobile phone . [Full Article...]

China offers Elon Musk permanent residency

China offers Elon Musk permanent residency Musk's target is for Tesla to build the factory and start assembling Model 3 sedans by the end of this year, with volume production getting under way in 2020. The Tesla CEO was presented with this offer by no less than Chinese Premier Li Keqiang during a meeting between the two on Wednesday regarding the future Tesla gigafactory in Shanghai which broke ground on Monday. [Full Article...]

Ex-Nissan chairman Ghosn charged with breach of trust

Ex-Nissan chairman Ghosn charged with breach of trust He may be accused of understating his salary from 2015 to 2018, three years more than the original charge that he under-reported some five billion yen ($44 million) in income over five years from 2010. "We believe that there was enough to charge and go to trial", he said of Ghosn's case, "and he will be guilty". Prosecutors have the right to appeal to a court to extend the detention. [Full Article...]

Apple Might Debut 3 New iPhones in 2019

Apple Might Debut 3 New iPhones in 2019 It's also been revealed that Apple has chose to stick to liquid-crystal display (LCD) at a time when sluggish sales of iPhone XR cut into its most recent revenue projection, a recent report said , citing people familiar with the matter. Reports for the company's problems with the iPhone XR continue to surface, fuelled by analysts decreasing shipment estimates for the smartphone. The XR has st... [Full Article...]

Shareholders sue Google for allegedly mishandling sexual harassment claims

Shareholders sue Google for allegedly mishandling sexual harassment claims Investors believe that the Board of Directors failed in their duties, approving bigger payouts and not specifying the details of the dismissal, the Agency said. The case, brought by the Northern California Pipe Trades Pension Plan and Teamsters Local 272 Labor Management Pension Fund, alleges that shareholders lost value because Google was paying off senior execs accused of sexual harassment. [Full Article...]

Saudi Arabia says vast oil reserves even bigger than thought

Saudi Arabia says vast oil reserves even bigger than thought The audit will dispel scepticism in the oil industry about the size of Saudi reserves and provide assurance for potential investors in Aramco investors, should the initial public offering which has been delayed eventually go ahead. He said that Aramco would also issue bonds in the second-quarter of the year and that company financial details would be published as part of that process. [Full Article...]

Government shutdown is affecting airport operations, slowing funding for CTA projects

Government shutdown is affecting airport operations, slowing funding for CTA projects Bilello said the TSA is working with stakeholders and industry partners to look at efforts to consolidate officers and operations. Chin said an increase in TSA employees not reporting to work would prompt the airport to close a security checkpoint at terminals that have multiple entry points, such as Concourse J or Concourse D. [Full Article...]

China pledges to buy 'substantial amount' of USA goods: USTR

China pledges to buy 'substantial amount' of USA goods: USTR Gao did not comment, however, on whether he was confident that the talks could be wrapped up in the 90-day period laid out by President Donald Trump and China's Xi Jinping . Earlier on Tuesday, China approved five genetically modified (GM) crops for import, a move seen as a "goodwill gesture" by some in the US agriculture industry that could boost China's overseas grains purchases and ease pres... [Full Article...]


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