Markets

News

Wall Street loses ground as Fed signals two more hikes this year

Besides raising its projection for rate increases this year from three to four, the Fed removed a key sentence from the previous statement that had been viewed as foreseeing a need to keep rates low for an extended period. U.S. unemployment dro...

Trump declares oil prices too high, blames OPEC

Trump (@realDonaldTrump) April 20, 2018Bloomberg and Reuters reported last week that Trump requested that Organization of Petroleum Exporting Countries members, such as Saudi Arabia, increase their oil production. Analysts attribute the rise in p...

Toyota Plans Billion-Dollar Investment in Ride-Hailing Startup Grab

Japan's top automaker Toyota Motor Corp is investing US$1 billion in Grab, the leading ride-hailing company in Southeast Asia. Toyota has installed its data recorders in Grab-operated rental cars to collect driving data - a similar strategy it ha...

Dixons Carphone reveals it has uncovered unauthorised access of customer’s data

Last month Dixons Carphone warned on profits and said it would have to close shops, wiping more than 500 million pounds off its market value. However, it added that the company said it had notified card providers to 105,000 non-EU issued cards whic...

US Court Approves $85Bln AT&T Merger With CNN Owner Time Warner

The ruling brings to an end a six-week antitrust trial which heard regulators argue that the deal, worth $85m (£63.5m), would give AT&T undue leverage against rivals that rely on Time Warner content. "You've got the courts flashing a green light". ...

Most senior military officials caught off guard by Trump "war games" announcement

Veterans of Foreign Wars (VFW), NPR noted, sent a letter to President Donald Trump back in June this year, urging him to make the issue part of the president's negotiation with North Korea's supreme leader. Nam said Seoul welcomed the news that...

Final preparations underway ahead of landmark Trump-Kim summit

Trump, who arrived Sunday night, tweeted Monday morning: "Great to be in Singapore , excitement in the air!" The sudden change in schedule added to a dizzying few days of foreign policy activity for Trump, who shocked USA allies over the weekend w...

International House of Burgers: 'IHOP' becomes 'IHOb'

But Burger King was silent on social media. Dine Brands Global Inc. -owned IHOP captured the attention of the internet last week with a tweet announcing the coming name change. Others had more fun, speculating that the B stood for bitcoin o...

Britain's Poundworld goes into administration, putting 5,100 jobs at risk

Clare Boardman, joint administrator, said: "The retail trading environment in the United Kingdom remains extremely challenging and Poundworld has been seeking to address this through a restructure of its business". Other parties named as possible b...

FCC leader promises better Internet as net neutrality rules expire

The concern among net neutrality advocates is that the repeal could give internet providers too much control over how online content is delivered. In Montana and NY, governors signed executive orders that uphold the Obama-era net neutrality regul...

North Korea talks moving 'more quickly than expected'

Despite the initial high stakes of a meeting meant to rid North Korea of its nuclear weapons, the talks have been portrayed by Trump in recent days more as a get-to-know meeting. "Kim can authorize or approve a missile strike while he is away", M...

Musk Madness: People Are Already Wreaking Havoc With Elon’s Flamethrowers

Here's a closer look at Musk's many ventures and projects. Billionaire space exploration hobbyist and business magnate Elon Musk held the hottest party in Los Angeles over the weekend. "Apparently, some customs agencies are saying they won't allo...

Your internet use could change as ‘net neutrality’ ends

But both of these approaches are expected to lead to court challenges by the FCC, whose new policy on net neutrality contains explicit language that tries to preempt states from doing exactly what the legislation and executive orders are meant to d...

Bitcoin hits two-month low after South Korean exchange hacked

Coinrail only said that it was cooperating with investigators and other exchanges to try and track down the perpetrators and recover the assets. Bitcoin (BTC) and Ethereum (ETH) Plummet - Over the weekend, $42 billion was wiped off the cryptocurr...

Burger joints start social "beef" with "IHOB"

Last week , we speculated that maybe the b was breakfast, or brunch - or beets. It's just to promote a new selection of burgers IHOP , sorry, IHOb has rolled out. Steak n' Shake, which has been offering its signature Steakburgers since 1934, tw...

Trump takes more swipes at Canada and Trudeau after tense G7 summit

Experts say the Trudeau spat and the likelihood of tariffs from the European Union and Canada will result in a trade war. In fact, Kudlow suggested in his appearance on CNN that Trump's anger at Trudeau is an act for an audience of on...

White House economic advisor says Justin Trudeau ‘stabbed us in the back’

German Chancellor Angela Merkel , late Sunday , called Trump's revocation of support for the G7 joint communique "sobering and a little depressing", while adding, in a rare one-on-one interview with ARD public television, "but that's not the end" ...

BT boss Gavin Patterson stepping down to quell shareholder frustrations

Outgoing chief executive Mr Patterson said he was "immensely proud" of what the company has achieved, citing the launch of BT sport , its acquisition of EE and the agreement for a more independent Openreach. "The broader reaction to our recent resul...

Winner of $315 million Powerball jackpot comes forward

He found out he was the victor the next day. Souami, 55, had some work to do in the yard, but he also wanted to get his auto washed while his wife stayed at their home in Little Ferry, preparing meals for the week. "It's not so easy to quit just like...

Trump arrives in Singapore for historic summit

The first word Kim is in Singapore for Tuesday's summit came early Monday morning. Dressed in identical in black suits, with lapel badges of former North Korean leaders, the two, flanked by Singapore police, were busy getting into the best po...

Verizon Picks Hans Vestberg to Succeed McAdam as CEO

Verizon named Chief Technology Officer Hans Vestberg as its new CEO on Friday, surprising analysts and signaling the largest United States wireless company's priority is building the next-generation 5G network, not expanding further into media con...

Trump issues warning to trade partners over retaliatory tariffs

Prime Minister Justin Trudeau is hosting the world's most powerful countries at the two-day summit in La Malbaie , in Quebec's Charlevoix region. The G7 joint communique, which advocates a "rules-based trading system", was reached despite tens...

Kentucky Fried What? KFC will test a vegetarian alternative in UK

The chain announces a plan to test the new recipe to its customers within this year. If successful, KFC is touted to be the very first among the big fast-food chains to offer faux chicken meat on its menu. Meanwhile, KFC's USA team has indicated to...

Oil Prices Rise On Ongoing Venezuelan Supply Trouble

According to a report published Tuesday by Bloomberg News, the US government has issued a direct appeal to Saudi Arabia and other members of the Organization of Petroleum Exporting Countries to put more oil on the market. Now the U.S. is aski...

G7 leaders vow rapid response to Russia's hostile interference

The late arrival at a session, where the G7 leaders were discussing gender equality and women's empowerment sparked concerns that the United States president might not participate at all in Saturday's meetings. In footage of the pair, Trump said of M...

After days of insults, Trump and Trudeau pal around at G7

Despite being at odds with other countries at the G7 in Canada , Trump rated his relationship with their leaders as a "10" - naming Germany's Angela Merkel, French president Emmanuel Macron and Canada's Justin Trudeau , but not the UK's Prime M...

US reaches deal with China's ZTE, says Wilbur Ross

Last year, ZTE settled the case with the USA government, promising to pay $890 million in fines and punish dozens of ZTE executives who orchestrated the illicit technology sales. At the same time, it continued to ask the US government to lift the ban...

Apple plans to make 20% fewer new model iPhones this year - Nikkei

Apple may be anxious that its next iPhones won't be as popular as its last. Additionally, Apple's suppliers were also affected by this, with the shares of Dialog falling 4.1 percent while those of AMS falling by 6 percent. US -based suppliers Ad...

Flying auto startup backed by Google founder offers test flights

Image: No price has been specified for the flying vehicle. Initially focused on personal recreation, the small aircraft has a wingspan of 13 feet and takes off vertically (VTOL) via 10 independent lift fans. Kitty Hawk said that at 15 meters (50 f...

Trump calls for Russian Federation to be readmitted to G7

But since coming to office in January 2017, Trump has pulled the United States out of the Paris climate accord, the Iran nuclear deal and the TPP Pacific free trade deal. Trump has long called on Canada to stop protecting its dairy farmers from...

Search

Breaking News

James Murdoch in line to replace Elon Musk as Tesla chairman

The brief was required by a federal judge who must approve a securities fraud settlement reached with Musk and the company last month. According to the SEC's complaint related ...

Facebook downgrades breach count from 50 million to 30 million users

Facebook says the FBI is investigating a major security breach of its service, but the company says authorities asked it not to discuss who may be behind the attack. There, you'll ...

Singapore Airlines flight sets record after nearly 18 hr trip

Well, if you happen to be travelling from Singapore to NY or vice versa in the future you could be about to embark on a record-breaking flight, as a new route is about to launch b...

China's September trade surplus with U.S. widens to record $34.13 billion

However, an oil trader told Reuters that refinery run rates have been on the rise last month, suggesting demand for fuels was improving. China's exports to the USA rose to $46...

Turkish prosecutor seeks 10-year jail term for United States pastor

He was swept up in the wave of arrests that followed the botched military coup in 2016, during which tens of thousands of people - including artists, intellectuals and ordinary Tur...

President Trump blames 'loco' Federal Reserve for October's big stock drop

The Fed, as you know, is gradually raising short-term rates to unwind the zero-percent rates it imposed in 2008-2009 to combat the financial crisis. Trump said he had no intent...

International Monetary Fund downgrades outlook for U.S., China as result of trade war

The fund also slightly lowered its forecast for Japan's economy to 1.1 percent growth in 2018, down 0.1 of a percentage point from an April estimate, but maintained a prediction ...

European Union officials warned to prepare for no-deal Brexit

As manufacturers of cars and other goods warn the Theresa May government of job losses and other impact of Brexit, a report promoted by former prime minister Tony Blair on Thur...

Tech stocks lead Wall Street slump as investors shun risk

Wall Street stocks plunged Wednesday, with major indices losing more than three percent in a selloff prompted by the sudden jump in United States interest rates. The FAANGs, spre...

US market 'correction' isn't surprising - US Treasury secretary

President Donald Trump said he believes "the Fed has gone crazy " amid recent interest rate hikes. The turmoil came a day after the International Monetary Fund slashed its glo...

Special Reports

International Monetary Fund raises Japan growth forecast, cuts global estimate due to trade tension

International Monetary Fund raises Japan growth forecast, cuts global estimate due to trade tension

US President Donald Trump has accused China of deliberately manipulating its currency to gain a trade advantage, claims Beijing consistently rejected. Tobias Adrian, director o...

Yale And NYU Professors Share Nobel In Economics

Yale And NYU Professors Share Nobel In Economics

Responding to press question about this year's prize and climate change , Romer said , "Optimism helps to motivate people". "Darn right they were sending a message", Warsh said...

'The Fed has gone crazy': Trump points finger for Wall Street tumble

'The Fed has gone crazy': Trump points finger for Wall Street tumble

It's so tight. I think the Fed has gone insane ", Trump told reporters as he arrived for a campaign rally ahead of the U.S. mid-term elections. A stock market correction is de...

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

Turkish Official: Saudis Used Bone Saw to Dismember Body of Jamal Khashoggi

The Post has obtained video recordings and other evidence showing how a group of 15 Saudi operatives entered the country on October 2, the day Mr. He moved to the U.S. mor...

Saudi Arabia to let Turkey search its Istanbul consulate

Saudi Arabia to let Turkey search its Istanbul consulate

Iran's Oil Minister this week brushed off "nonsense" claims by Saudi Crown Prince Mohammed bin Salman that Saudi Arabia can replace Iranian oil. No security footage has bee...

China stocks rebound as Beijing boosts policy support

China stocks rebound as Beijing boosts policy support

Conglomerate Metro Pacific Investments Corp., however, advanced 4 percent to P4.95, while Globe Telecom Inc., the second-largest telecommunications company, gained 2.6 percent to P...

International Monetary Fund slashes global growth forecasts

In a tweet, Mr Trump warned Beijing against seeking to influence the forthcoming U.S. midterm elections. Pakistan's foreign currency reserves dropped in late September to $8.4...

India hopes for US sanctions waiver after cutting Iran oil imports

India hopes for US sanctions waiver after cutting Iran oil imports

Two companies in India, which in the past have been big buyers or Iranian oil, have ordered barrels in November, according to India's oil minister. The grouping's June decision to ...

US Actively Considering Waivers on Iran Oil Sanctions

US Actively Considering Waivers on Iran Oil Sanctions

Speculators and hedge funds too were active in the market, making most of the volatility. Global benchmark Brent crude futures for December delivery fell 42 cents to settle at $8...