Finance

China cuts banks' reserve ratios by 1% as economy slows

China cuts banks' reserve ratios by 1% as economy slows The order from Li to the central bank, which is part of the Chinese government, showcased Beijing's willingness to go further in policy easing to keep its economic growth on track. At the Central Economic Work Conference in December, Chinese leaders indicated their intention to enact further monetary easing measures. China reported on Monday that factory activity shrank last month for the firs... [Full Article...]

2 major U.K. airports order military-grade anti-drone equipment

2 major U.K. airports order military-grade anti-drone equipment An MoD spokesperson confirmed: "The military capability has now been withdrawn from Gatwick". The anti-drone equipment can detect and jam communications between a drone and its operator and was deployed on a roof at Gatwick. Mr York defended the decision to hold Mr Gait for an extended period, despite his employer saying he was at work during the drone flights. The following day, a senior S... [Full Article...]

Profit college owner agrees to end $500M in student debt

Profit college owner agrees to end $500M in student debt As part of the agreement, the company is expected to forgo collecting almost $493.7 million in debts owed by former students, including an estimated $12.2 million for about 4,800 Ohioans. Additionally, the school agreed to stop enrolling students in programs that don't lead to state licenses required for employment, Courthouse News Service reported. [Full Article...]

Apple Is the New Nokia, Analyst Warns

Apple Is the New Nokia, Analyst Warns The tech giant has gone as far as assigning members of its marketing team to work full-time on boosting sales, and has upped the amount it is willing to pay for devices traded in toward the purchase of a new iPhone , according to a report earlier this month. [Full Article...]

Ousted Nissan chief to appear in court on January 8

Ousted Nissan chief to appear in court on January 8 Ghosn was first arrested on November 19 on suspicion of violating the Financial Instruments and Exchange Law by under-reporting his annual remuneration at Nissan for the five-year period between fiscal 2010 and 2014. Munoz is considered by many in the company to be a close ally of Ghosn, whose arrest has rocked the auto industry and strained Nissan's ties with French partner Renault SA where h... [Full Article...]

Brexit stockpiling gives short-term boost to United Kingdom manufacturing

Brexit stockpiling gives short-term boost to United Kingdom manufacturing The Final Euro Zone Composite Purchasing Managers' Index (PMI) for December, a good guide to overall private sector growth, slipped to 51.1, the lowest in more than four years, from 52.7 in November. The BoE figures showed the annual growth rate in unsecured consumer lending had slowed to 7.1 percent in November from 7.4 percent in October, the smallest increase since March 2015. [Full Article...]

BC's most valuable residential property is worth $73M

BC's most valuable residential property is worth $73M By contrast, the benchmark price in the suburb of Pitt Meadows showed a year-over-year gain of 2 per cent to $912,000. Meantime, prices for single-detached houses sank 7.8 per cent to $1,479,000, nearly all of it since June according to the REBGV. [Full Article...]

Oil prices decline on oversupply, volatile markets

Oil prices decline on oversupply, volatile markets Brent, the global crude benchmark, was up by 94 cents, or 1.7%, at $55.85 per barrel by 3:12 PM ET (20:12 GMT) after rallying as high as $56.30 earlier. The biggest problem that the market has to overcome is fears of a global economic slowdown and a drop in demand. Rounding out the action in the energy market, February gasoline RBG9, -1.29% finished at $1.326 a gallon, up 1.8% on Nymex, while... [Full Article...]

IL is among top states for outbound moves

IL is among top states for outbound moves A majority of people moving to Vermont cited jobs (34.4 percent) and retirement (31.2 percent), while 85 percent of the people leaving the state said they did so for a job. The Mountain West states were popular choices for retirees. New Jersey , which topped the list of the "most moved from" states, was followed by Illinois, Connecticut and the Empire State, the moving company's study found. [Full Article...]

Man attacks McDonald’s employee over a straw; she fights back with punches

Man attacks McDonald’s employee over a straw; she fights back with punches The man reached across the counter, toppling a completed order with fries, and grabbed the collar of a female employee's shirt. A new plastic straw law had unexpected consequences when a man lashed out at a worker at a fast food chain. [Full Article...]

$1-million Lotto 6/49 ticket that was purchased in Victoria

$1-million Lotto 6/49 ticket that was purchased in Victoria A Lotto 6-49 ticket purchased by someone in Victoria on January 3, 2018, will expire at 4:30 p.m. PST. Four subsequent winners across Canada managed to match five of the six numbers as well as a bonus number; the individuals, located in Ontario, Quebec, and Saskatchewan - they'll be taking home $61,239.10. [Full Article...]

Will reject any Donbald Trump request to quit: Jerome Powell

Will reject any Donbald Trump request to quit: Jerome Powell Asked if he had had any face-to-face meetings with Trump , Powell said he had not although he said previous Fed leaders have had discussions from time to time with previous presidents. The Labor Department reported on Friday that 312,000 jobs were created last month, well above market expectations. Powell's remarks reassured investors who have anxious the Fed might raise rates excessively... [Full Article...]

German Court Orders iPhones Pulled From Stores

German Court Orders iPhones Pulled From Stores As part of the eternal, worldwide patent rights battle between the two companies, Qualcomm sued Apple in Germany seeking the sales ban, and as we reported in December , a Munich court granted Qualcomm its wish. The chip group Qualcomm has put before the court, contended successfully sales ban of several older models of the iPhone in Germany. At the heart of the dispute in the German case are ... [Full Article...]

World’s Most-Prized Fish Sold for $3.1 Million in Tokyo

World’s Most-Prized Fish Sold for $3.1 Million in Tokyo The price was more than double the previous record of 155 million yen, which Kimura paid at the Tsukiji auction in 2013. Kimura has been the highest bidder at the new year auction for several years. Opened in 1935, Tsukiji was best known for its pre-dawn daily auctions of tuna, caught from all corners of the world, for use by everyone from top Michelin-star sushi chefs to ordinary grocery stores... [Full Article...]

LA Sues Weather Channel App Over Stealthy Data Collection

LA Sues Weather Channel App Over Stealthy Data Collection A new lawsuit filed by the city of Los Angeles alleges the Weather Channel misled millions of users into allowing it to access their personal location data, then profiting off it in the process by selling it to third parties. In one case, users" location data was used "to target McDonald's McCafé coffee offerings toward millennials who-according to that geolocation data-frequented "breakfast-s... [Full Article...]

Is it the China slowdown or is it just Apple?

Is it the China slowdown or is it just Apple? The rebound from tech stocks, which had dropped by 5.07 percent on Thursday, comes after Apple rattled global markets earlier this week after issuing a rare revenue warning. The S&P 500 gained 34 points, or 1.4 percent, to 2,482. Apple's move was not entirely a surprise. The Dow rose 3.3 percent to 23,433.16 after gaining 832 during the afternoon. [Full Article...]

Krispy Kreme Delivered Dozens of Doughnuts to 'Mourning' Kentucky Police Station

Krispy Kreme Delivered Dozens of Doughnuts to 'Mourning' Kentucky Police Station Krispy Kreme has fulfilled their promise of helping police officers in Lexington through a hard experience. The photos prompted other police forces across the USA to offer support. "Thank you", police said on Facebook. "We're thinking of you during this hard time...and have more doughnuts on the way!" It's unclear how exactly the Krispy Kreme truck caught fire. [Full Article...]

Wall Street rallies on Powell comments, jobs report

Wall Street rallies on Powell comments, jobs report Fed watchers have said that the bar is very high for the president to remove Powell "for cause" as the law appears to require, provided Powell decides to fight the dismissal in court. Powell's willingness to be flexible on interest rates was welcome news to investors, many of whom anxious that Fed chair risked cutting off the current economic expansion by continuing to raise interest rates despite... [Full Article...]

US lawmaker seeks answers on shutdown's effect on tax filings

US lawmaker seeks answers on shutdown's effect on tax filings The agency is now operating with only 12.5 percent of its workforce, with 10,000 federal employees due to the partial government shutdown. The partial government shutdown may significantly delay tax refunds from the IRS. The agency received two years of funding to implement the new tax law, so some of those activities including devising worksheets and tax forms along with instructions and public... [Full Article...]

Apple cuts sales expectations following China tariffs

Apple cuts sales expectations following China tariffs CEO Tim Cook said in a letter to shareholders Wednesday that demand for iPhones is waning and revenue for the last quarter of 2018 will fall well below projections, a decrease he traced mainly to China. US stocks fell sharply on Thursday after yesterday's surprise revenue forecast downgrade from Apple CEO Tim Cook. But the Shanghai Composite index jumped 1.8 percent and South Korea's K... [Full Article...]


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