Tuesday May 21-st, 2019

Donald Trump warns U.S. government shutdown could last more than a year Donald Trump warns U.S. government shutdown could last more than a year

Brad Sherman (D-CA) introduced articles of impeachment on the first day of the 2019 Congress, starting with a resolution demanding President Donald Trump be impeached for " threatening, and then terminating " then-FBI Director James Comey in 201...

Powell says he would not resign as Fed chair if Trump asked Powell says he would not resign as Fed chair if Trump asked

The S&P and Dow Industrials jumped about 3.5 percent and the Nasdaq over 4 percent, putting the three indexes on course to erase all losses from a plunge on Thursday when slowing US factory activity and Apple Inc's (AAPL.O) dire revenue warning fuell...

China confirms trade talks with United States beginning Monday

Hassett says that Apple and other USA companies operating in China, will see their business return in the country if the US can have a successful negotiation with China. The U.S. -China trade war came about because of President Trump's controversial ...

EuroMillions results: United Kingdom victor takes Tuesday’s £115m National Lottery jackpot EuroMillions results: United Kingdom victor takes Tuesday’s £115m National Lottery jackpot

A UK Lottery player has come forward to claim the £115 million jackpot won in the first EuroMillions draw of the year, operator Camelot said. In December 2018, Camelot revealed it had made some changes to the bi-weekly lottery which used to gua...

Oil cargoes from Nigeria, others to USA plunge Oil cargoes from Nigeria, others to USA plunge

The growth in U.S. exports of crude oil and petroleum products led to a one-week period in late November when the country was a net exporter for the first time in EIA's data history. Other data showed USA output reached a record in October and Iraq b...

Apple Takes Another Hit as Qualcomm's Push for iPhone Bans Moves Forward Apple Takes Another Hit as Qualcomm's Push for iPhone Bans Moves Forward

A German court had on 20 December found that Apple had infringed Qualcomm patents on power saving technology used in iPhones. Reseller Gravis confirmed it is still selling the iPhone 7 and iPhone 8 models. The Fuzhou Intermediate People's Court...

United States and China to hold trade talks in Beijing next week United States and China to hold trade talks in Beijing next week

The two nations have been locked in a trade war for much of the past year, disrupting the flow of hundreds of billions of dollars worth of goods and stoking fears of a global economic slowdown. Gerrish is close to Robert Lighthizer, the USA trade rep...

Heathrow, Gatwick investing in anti-drone technology Heathrow, Gatwick investing in anti-drone technology

The Ministry of Defence is on standby to help if further problems arise at Gatwick. "The armed forces stand ever-ready to assist should a request for support be received". However, he said he was "absolutely certain" that there was a drone flying nea...

U.S. stocks set for another big fall after Apple's warning U.S. stocks set for another big fall after Apple's warning

Concern about the pace of growth in China , the impact of the USA tariff war and the general state of technology valuations all got an airing in the reaction to Apple's warning. In announcing the new forecast, Cook said the Chinese smartphone mark...

Rs 2,000 Note Printing Scaled Down To Minimum By RBI Rs 2,000 Note Printing Scaled Down To Minimum By RBI

The Government may not denotify or demonetise the high value currency notes of ₹2000 denomination, but reports are that the Reserve Bank of India has stopped printing the banknote to gradually reduce its circulation. The remaining is in lower d...

Crude oil: Oil price drop by 1% Crude oil: Oil price drop by 1%

At the urging of Trumpand oil customers, Saudi Arabia in particular turned on the taps , adding about 1 million barrels per day to the market between June and November. A Reuters poll among analysts revealed that most expect Brent to trade b...

Trump boasted to profit from the new trade duties Trump boasted to profit from the new trade duties

Since Apple CEO Tim Cook is attributing this to President Donald Trump's trade war with China, Hassett argued that this fits with what he's been saying about how the US economy is supposedly growing while intercontinental markets are slowing down...

Apple blames revenue slump on slowing Chinese economy as iPhone sales slow Apple blames revenue slump on slowing Chinese economy as iPhone sales slow

In an interview with CNBC on Wednesday, Cook said less subsidies from carriers also caused people to buy fewer iPhones, although he acknowledged it "didn't all happen yesterday". Apple's move was not entirely a surprise. And after several compo...

Time runs out on unclaimed $1M lottery ticket sold in Victoria Time runs out on unclaimed $1M lottery ticket sold in Victoria

Since no one claimed the prize , BCLC will not release the name of the place where the ticket was bought. BCLC staff are also waiting to hear from the victor of a $39-million Lotto Max jackpot that was won in Delta South on December 28. Claimants ...

GM responds to federal lawsuit filed by UAW

Earlier this year, the second and third shifts at GM Lordstown were cut with employees being offered buyouts. The union claims GM is circumventing the contract by using temporary employees. When the company presented a plan in October to the union, i...

Student loan company paying back millions to Kansans Student loan company paying back millions to Kansans

The Connecticut Attorney General's office and Miller's office were the lead negotiators for the state involved in the settlement. 715 Iowa students will get relief on a total of $1,424,662 in loans. The company has closed or phased out many of its ...

MI ranks 10th on list of most moved-from states MI ranks 10th on list of most moved-from states

The leading motivation for the migration patterns across the country was a career change, as a United Van Lines survey showed approximately one out of every two people who moved in the past year moved for a new job or company transfer. An annual m...

JetBlue, Moxy confirm Airbus A220 orders JetBlue, Moxy confirm Airbus A220 orders

The order was made under a Memorandum of Understanding past year at the Farnborough Air Show. The European aircraft maker said Thursday that 120 passenger aircraft - 60 ordered by JetBlue Airways and another 60 to startup airline Moxy - will be...

Blake Nordstrom Dies After Battle With Lymphoma Blake Nordstrom Dies After Battle With Lymphoma

The Seattle-based company did not disclose the cause of death, saying Nordstrom passed away unexpectedly early Wednesday. "We appreciate your respect for the privacy of the family during this hard time", a spokesperson for the department store sai...

Gates' nuclear venture hit by China deal limits Gates' nuclear venture hit by China deal limits

TerraPower reached an agreement with state-owned China National Nuclear Corp in 2017 to build an experimental nuclear reactor south of Beijing. " We're regrouping ", TerraPower CEO Chris Levesque told the Wall Street Journal . " Maybe we can find ...

Oil price rises as Saudi Arabia cuts output Oil price rises as Saudi Arabia cuts output

West Texas Intermediate for February gained $1.60 to $47.01 a barrel on the New York Mercantile Exchange at 11:45 a.m. local time, recouping an earlier fall to near $44. While President Donald Trump made positive noises about reaching a trade deal wi...

Krispy Kreme delivers to cops mourning loss of doughnut truck Krispy Kreme delivers to cops mourning loss of doughnut truck

Even the doughnut company itself chimed in, promising a doughnut delivery to get them through this "difficult time". Police are still investigating what caused the original fire. The post, which had the caption "No Words", quickly went viral. The l...

Iran May Invest In Chennai Petroleum Expansion: Indian Oil Iran May Invest In Chennai Petroleum Expansion: Indian Oil

Iran's participation has been questioned after India cut down its Iranian crude oil imports following USA sanctions. Any income a foreign company receives in an Indian bank account is subject to a withholding tax of 40 per cent, which together...

Commission grants interim approval for ICBC's 6.3 per cent rate hike

Eby revealed in November that ICBC was set to lose $890 million in 2018-2019, following a $1.3 billion net loss in 2017-18. The BCUC is reviewing ICBC's full application for the rate increase. The panel will determine how any difference between the...

China gains cushion Asian shares after Apple jolt; flash crash hits currencies China gains cushion Asian shares after Apple jolt; flash crash hits currencies

Tariffs and other trade sanctions could add to their difficulties. An MSCI index of Korean shares lost 1.8pc and Taiwan shares fell 1.4pc. In a letter to shareholders on Wednesday, Apple CEO Tim Cook said iPhone demand was waning in China and...

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