Markets

Trump takes swipe at Fed for raising interest rates too quickly

Trump takes swipe at Fed for raising interest rates too quickly But as with many other aspects of the office, Trump has broken tradition. Yes: Pack the Fed . There are now three vacancies on the board; Mr. Trump has named nominees to fill two of them. WTI crude touched its lowest price in a month after USA stockpiles rose by 6.5 million barrels, nearly triple what analysts had forecast. "The sense of the meeting was more hawkish than investors might hav... [Full Article...]

Man linked to Saudi prince at consulate when writer vanished

Man linked to Saudi prince at consulate when writer vanished Turkish police on Wednesday began searching the residence of the Saudi consul in Istanbul for their investigation , with forensics experts in white overalls entering the building, an AFP correspondent said. Confirming that the tape said to provide evidence of the killing had been requested, Mr Trump added: "I'm not sure yet that it exists, probably does, possibly does". [Full Article...]

United States judge approves settlement between SEC, Tesla and Musk

United States judge approves settlement between SEC, Tesla and Musk The US Department of Justice (DOJ), which has the authority to press criminal charges, has also questioned the company about Mr. Musk's Tweets , the company said this month. The judge's decision was largely expected, even after Musk muddled the process by insulting the SEC in a series of tweets just a few days after reaching the deal. [Full Article...]

U.S. needs Saudi Arabia in fight against terrorism

U.S. needs Saudi Arabia in fight against terrorism Khashoggi , who lived in the United States, disappeared on October 2 after visiting the Saudi Consulate in Istanbul to complete paperwork related to his divorce. While the meetings were going on, Trump, in Washington , said on Twitter, "For the record, I have no financial interests in Saudi Arabia (or Russian Federation, for that matter)". [Full Article...]

Pompeo meets Saudi royal family to discuss Jamal Khashoggi's disappearance

Pompeo meets Saudi royal family to discuss Jamal Khashoggi's disappearance The Times cited sources as saying the Saudis were planning to say Khashoggi had been killed in an "interrogation gone wrong", done without the monarchy's knowledge. Pompeo will fly to Ankara on Wednesday for talks with Turkish officials about the case. Erdogan told journalists Tuesday that police sought traces of "toxic" materials and suggested parts of the consulate had been recently pain... [Full Article...]

Mega Millions jackpot jumps to a whopping $868M

Mega Millions jackpot jumps to a whopping $868M No ticket was sold that matched all six winning numbers, meaning the jackpot now climbs to $868 million. Numbers have been drawn for the $667 million Mega Millions drawing. The jackpot had swelled because nobody has won since July 24. But cheer up! There are often secondary prizes to these huge drawings that can be worth millions of dollars, and a shocking amount of them go unclaimed - probab... [Full Article...]

Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

Sanctions against Saudi would ‘rock the world’ says Saudi state owned press Khashoggi went missing when he visited the Saudi Consulate in Istanbul. The incident is threatening to spark a geopolitical crisis as the USA and Turkey demand answers from Saudi Arabia, and the kingdom vows to retaliate against any punitive measures imposed over the critic's fate. [Full Article...]

Sears To File For Bankruptcy, Several Stores To Close

Sears To File For Bankruptcy, Several Stores To Close So Sears, Roebuck, when I was growing up, was the big deal. Many of its most valuable properties have been sold off, with the other half leased and offering little cost savings from rent restructurings since Sears already pays below market rents. [Full Article...]

Turkey searches Saudi consulate as Trump speaks of 'rogue killers'

Turkey searches Saudi consulate as Trump speaks of 'rogue killers' The statement aired on Saudi Arabian state media came after the country's stock market plunged by almost 7 per cent at one point on Sunday. Jamie Dimon will not be attending "Davos in the desert". Turkey says an "inspection" of the consulate is expected to take place later on Monday, almost two weeks after Saudi journalist after Jamal Khashoggi disappeared there. [Full Article...]

Call 'em insane, but Fed officials likely to keep raising rates

Call 'em insane, but Fed officials likely to keep raising rates Trump's remarks, almost unprecedented for a US leader, may roil markets further in retreat on the heels of hefty tariffs imposed on aluminum and steel imports from much of the world, and about half of USA imports from China. The Fed's main interest rate, the federal funds rate, now stands between 2 and 2.25 per cent. Last month it indicated it may raise rates in December for the fourth time this y... [Full Article...]

Saudi vows to 'hit back' at sanctions over Khashoggi

Saudi vows to 'hit back' at sanctions over Khashoggi September 27, 2018. It is likely that they will take part in a joint working group on the case, whose creation was announced Thursday by Turkish presidential spokesman Ibrahim Kalin following a request by Saudi Arabia . Aldakhil added that Saudi arms purchases from the USA and other trade could be at risk as well. A group of 15 Saudi men is reported to have flown into Istanbul the day tha... [Full Article...]

No winning Mega Millions ticket in US, jackpot now $654 million

No winning Mega Millions ticket in US, jackpot now $654 million Maybe you'll want to get in line at this South Land Park store before Friday night for one of the largest payouts in the game's history. Need a lucky spot to get your Mega Millions ticket? An in-state Megabucks Doubler drawing will also take place tomorrow for an estimated $3.3 million in winnings. [Full Article...]

Musk denies James Murdoch taking over as Tesla’s Chairman

Musk denies James Murdoch taking over as Tesla’s Chairman Murdoch, who is a non-executive director of Tesla, had signaled he wants the job, the report said. Whoever it is, will find himself (or herself) in a position where they may just be called upon to act as a counterweight to Musk's excesses. The report also says external options are also being considered. Considering a broad choice of candidates was important, said Dieter Waizenegger, executive di... [Full Article...]

Pakistan to seek International Monetary Fund bailout to overcome financial crisis

Pakistan to seek International Monetary Fund bailout to overcome financial crisis The U.S. and China have imposed higher tariffs on tens of billions of dollars' worth of products the two countries have exported to each other, with no immediate end in sight to the tit-for-tat dispute. The near-term impact of a full-fledged trade war on growth in China will be almost double that of the United States, according to the IMF's estimates. [Full Article...]

Saudi team that targeted missing writer included royal guards, intelligence officers, soldiers

Saudi team that targeted missing writer included royal guards, intelligence officers, soldiers He warned that the Saudis could instead buy from Russian Federation or China. Trump also said that the White House would be meeting with Khashoggi's fiancee, though at the time , he referred to her as Khashoggi's "wife". Khashoggi". Several other USA lawmakers have also raised concerns, saying the U.S. should reevaluate its ties to Saudi Arabia in light of the journalist's case. [Full Article...]

United States considers sanction waivers on countries reducing imports of Iranian oil

United States considers sanction waivers on countries reducing imports of Iranian oil Pradhan admitted Monday he was not sure India would get a waiver. Delhi is hopeful that Saudi Arabia and other members of the Organization of Petroleum Exporting Countries will heed USA calls for production to be boosted by one million barrels per day, as promised in June, which might help bring benchmark prices down. [Full Article...]

Canada adds jobs in September, unemployment rate falls to 5.9%

Canada adds jobs in September, unemployment rate falls to 5.9% September job numbers reinforce the likelihood of an October interest rate hike by the Bank of Canada, and keep a firm foundation on further moves in 2019, Porter said. More people worked in construction, finance, insurance, real estate, rental and leasing public administration and agriculture, Statistics Canada said. [Full Article...]

Amazon Cuts Some Pay Incentives As It Raises Minimum Wage

Amazon Cuts Some Pay Incentives As It Raises Minimum Wage It remains to be seen whether Amazon's decision to do this generous act by raising the minimum wage will satisfy its critics, but surely this move is a step in the right direction for the company's workforce, which would undoubtedly be jealous of it all employees worldwide. [Full Article...]

UK's May tells party to drop dream of a 'perfect' Brexit

UK's May tells party to drop dream of a 'perfect' Brexit In an address created to rally her party behind her after a conference riven by differences over Brexit , she warned squabbling over the details of European Union withdrawal might mean "ending up with no Brexit at all". However, rather than accept responsibility for the Home Office blunder which saw thousands of the Windrush Generation, who helped rebuild Postwar Britain facing deportation, May... [Full Article...]

What the USMCA - The New NAFTA - Means For The Environment

What the USMCA - The New NAFTA - Means For The Environment Chevrolet Equinox SUVs are parked awaiting shipment by CN Rail next to the General Motors Co (GM) CAMI assembly plant in Ingersoll, Ontario, Canada October 13, 2017. Canada gave up some access to its dairy, egg and poultry industries but will keep its agricultural supply management system and avoid punishing auto tariffs under the new North American trade deal. [Full Article...]


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