Finance

Gas prices are up 31% from last Memorial Day. Here’s why

Gas prices are up 31% from last Memorial Day. Here’s why As of Friday morning, the national average price for a gallon of gas is $2.97 - a 60 cent leap from the cost previous year, according to AAA statistics. Overall, gas prices ticked up slightly across the state just ahead of the long weekend. The winter gasoline blend is a bit cheaper to produce. As the summer deadline nears, producers need to clear their winter fuel inventory, often selling it a ... [Full Article...]

Fed minutes: Gradual rate hikes on track - 5/23/2018 1:11:19 PM

Fed minutes: Gradual rate hikes on track - 5/23/2018 1:11:19 PM The sell-off was tempered, however, after the Fed released its meeting minutes, indicating interest rates would not be raised at a faster-than-expected pace. "We think the Dollars could easily be vulnerable to a dovish tone - such as greater comfort with an inflation overshoot narrative - or perhaps evidence of a robust discussion about yield curve flatness". [Full Article...]

For Elon Musk's Plan To Check Press Credibility, A Flood Of Support

For Elon Musk's Plan To Check Press Credibility, A Flood Of Support Is it just another Musk prank, or is he actually serious about the idea? At this point we should note that Pravda , the longtime official newspaper of the Communist Party of the Soviet Union and now a Russian news website of the same name, is already a registered trademark in multiple countries and across several internet domain suffixes. [Full Article...]

Homebase sold to owner of HMV for nominal sum of £1

Homebase sold to owner of HMV for nominal sum of £1 It also came at a time of serious trouble for the British High Street and big out-of-town stores. 'The investment has been disappointing, with the problems arising from poor execution post-acquisition being compounded by a deterioration in the macro environment and retail sector in the United Kingdom'. [Full Article...]

Body of Missing Wichita Boy Believed to be Found

Body of Missing Wichita Boy Believed to be Found Update: Friday 10:30 a.m. The private investigator, from North Carolina, had been hired by Lucas' family. Sometime Thursday afternoon into early evening he found the body of Lucas under a bridge. He said he worked the case for about 18 hours before finding the boy's body. KAKE News has reached out to family members who said they did not want to comment. [Full Article...]

North Korea's Kim Jong Un 'unruffled' after Trump cancels summit

North Korea's Kim Jong Un 'unruffled' after Trump cancels summit It also lowers the chances of military conflict, at least as long as talks are underway, and if Kim plays his cards right it could give him de facto recognition as the leader of a nuclear power. "He wants to get something that's a long-lasting and an actual real solution. And if they are they are ready to do that then. we're certainly ready to have those conversations", she said. [Full Article...]

Oil prices slump as Saudi Arabia and Russian Federation consider output boost

The contract hit its highest since late 2014 at US$80.50 last week. For the week, WTI tumbled about 4.9 percent, its biggest loss since early February, a sharp course reversal after six weeks of gains. "Different options will be put forward". Global crude inventories have fallen over the past year because of the OPEC-led cuts, which were boosted by a dramatic drop in Venezuelan production. [Full Article...]

Russian Federation accused of plotting massive VPNFilter malware attack

Russian Federation accused of plotting massive VPNFilter malware attack The Stage One bot is the most lightweight and simple, as its only role is to infect the device and obtain boot persistence. "We assess with high confidence that this malware is used to create an expansive, hard-to-attribute infrastructure that can be used to serve multiple operational needs of the threat actor". [Full Article...]

McDonald's shareholders reject push to remove plastic straws

McDonald's shareholders reject push to remove plastic straws However, McDonald's position is that it already has a packaging goal that by 2025 " all of McDonald's guest packaging (including straws) will come from renewable, recycled or certified sources". City Councilman Rafael Espinal (D-Brooklyn), one of the bill's sponsors, told the New York Daily News that eliminating straws has had "no impact" on businesses. [Full Article...]

President Trump Signs Bill Unraveling the 'Dodd-Frank Disaster'

President Trump Signs Bill Unraveling the 'Dodd-Frank Disaster' Supported by a significant number of Democrats, the House of Representative passed a bill that will do away with numerous restrictions imposed by the Dodd-Frank Act. Banks between $50 billion and $100 billion in assets are left out of the regime, while the Federal Reserve can decide if those between $100 billion and $250 billion still face enhanced supervision. [Full Article...]

Amazon Is Banning Some Frequent Returners

Amazon Is Banning Some Frequent Returners Customer complaints found online indicate the company has shut accounts down because of flagged returns . Turns out Amazon's 30-day return policy isn't so liberal after all. Included was 550 total purchases where only 43 were returned - which is less than 10percent. #BadCustomerExperience #onlineshopping #Horrible #ShopLocal #BoycottAmazon, ' she said on Twitter. [Full Article...]

Pipeline decision too close to chastise BC at western premiers meeting: Notley

Pipeline decision too close to chastise BC at western premiers meeting: Notley Mr. Horgan's spokeswoman fired back, saying there are larger issues to be discussed at the meeting, scheduled for Tuesday and Wednesday, beyond the pipeline project that has caused a divide between the neighbouring NDP governments. Last week, the federal government said it would indemnify the project against costs incurred if the B.C. government delays or obstructs the project. [Full Article...]

Oil Prices Drop Below $80 Ahead of OPEC Meeting | INN

Oil Prices Drop Below $80 Ahead of OPEC Meeting | INN The increase in hedging suggests that oil prices are flirting with a pain threshold for consumers, a potentially ominous sign for OPEC, which always keeps a watchful eye on demand growth. Brent pushed past $80 a barrel last week for the first time since 2014, and the market may again try to clear that hurdle, said Gene McGillian, vice president of research at Tradition Energy in Stamford, Con... [Full Article...]

Deutsche Bank slashes 7,000 jobs, with City likely to take hit

Deutsche Bank slashes 7,000 jobs, with City likely to take hit New boss Christian Sewing has said the bank will refocus on its European and German customer base and cut back on costlier and riskier operations where it does not hold a leading position. Klaus Nieding of the shareholder lobby group DSW said: "It is high-time to ... end the years-long and still-popular "Deutsche Bank bashing" and get to work finally getting our bank back on its feet after six l... [Full Article...]

Emergency brakes disabled on unmanned Uber that killed Arizona woman

Emergency brakes disabled on unmanned Uber that killed Arizona woman Importantly, though, the Volvo's native safety tech is only active when the modified Uber vehicle is in manual mode, being driven by a human operator. -The driver braked less than one second after hitting Herzberg. She wouldn't comment on the NTSB report. "Uber's system couldn't properly understand and react to its surroundings and relied excessively on the human operator, and was far too ri... [Full Article...]

Elon Musk Suggests Big Oil Is Behind Critical Media Coverage of Tesla

Elon Musk Suggests Big Oil Is Behind Critical Media Coverage of Tesla That's right, the same Donald Trump whom Elon Musk and whose invitation to sit on the White House business advisory council he initially accepted before only later realizing what a mistake it was. USA regulators also are probing two fatal crashes involving Tesla vehicles and the driver-assistance system Autopilot. The company's shares are down more than 10 percent this year. [Full Article...]

MH17 plane 'was brought down by Russian military missile', investigators say

MH17 plane 'was brought down by Russian military missile', investigators say All 298 passengers and crew on board the aircraft died. The team says the missile was brought into Ukraine by a Russian army unit based in the western Russian city of Kursk. Ukrainian President Petro Poroshenko said on a Facebook post (translated by the BBC in English) that he would "spare no effort to ensure that the actions of the Russian Federation as a state which supports terrorism ge... [Full Article...]

Trump welcomes North Korea's "warm" response, after canceling summit

Trump welcomes North Korea's That's very similar to how the summit was born back in March. The president, commenting as he left the White House for a commencement speech, said it was even possible the summit could take place on the originally planned June 12 date. Advisers had been warning Trump that he should be prepared for the summit to be called off (though he'd already publicly mused about his Nobel Peace Prize), and... [Full Article...]

North Korea Says Trump Wasn't 'Confident' Enough to Meet Kim Jong Un

North Korea Says Trump Wasn't 'Confident' Enough to Meet Kim Jong Un North Korea's First Vice Foreign Minister Kim Kye Gwan said Friday that his country still wanted to pursue peace and said it would give Washington more time to reconsider talks. In a separate statement at the White House, Mr Trump said the step was a "tremendous setback for North Korea and the world", adding the USA military was "ready if necessary" to respond to any "reckless" act from North K... [Full Article...]

Donald Trump Pardons Legendary Jim Crow-Era Boxer Jack Johnson

Donald Trump Pardons Legendary Jim Crow-Era Boxer Jack Johnson Trump pardons late boxer Jack Johnson , convicted... Seven decades later, Jack Johnson remains a towering figure in both sports and civil rights, an icon who turns up in rap songs, comic books and a gag line from Ron Burgundy in "Anchorman". [Full Article...]


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