Markets

Dow plunges after Steven Mnuchin fails to calm markets

Dow plunges after Steven Mnuchin fails to calm markets The broader S&P 500 was down nearly one per cent at 2,398 while the technology-focused Nasdaq was also about one per cent lower at 6,247. US regulators assured Treasury Secretary Steven Mnuchin that nothing is out of the ordinary in the financial markets , Bloomberg reported on Monday citing a source familiar with the matter. [Full Article...]

Oil Producers Review Output Cuts Mechanism

Oil Producers Review Output Cuts Mechanism Investors have flocked to safe-haven assets such as gold and government debt at the expense of crude oil and stocks. Brent fell 11 percent last week and hit its lowest since September 2017, while US futures post its worst weekly performance in almost three years. [Full Article...]

Shopping, banks, skiing and more: What's open and closed during Christmas

Shopping, banks, skiing and more: What's open and closed during Christmas Thankfully, the tragedy of arriving at the grocery store only to realize it's closed can be easy to overcome so long as you're aware of exactly what is going to be open and when this upcoming holiday week! Oriental Jade is open until 9:30 p.m. [Full Article...]

Significant wind storm hitting the coast

Significant wind storm hitting the coast That's roughly half as many as were affected at the height of Thursday's windstorm, which BC Hydro described as one of the most severe weather systems its crews have dealt with in years. Here are some photos and videos showing the damage from today's Metro Vancouver wind storm . That included a house at 15th Avenue and Yukon Street in Vancouver, where a large tree snapped and fell down onto t... [Full Article...]

31st GST Council meeting

31st GST Council meeting However, the GST Council in its meeting on Saturday chose to take out 6 items from this list. "There was a total consensus that something needs to be done", he said . On Tuesday, Prime Minister Narendra Modi had said his government is moving to simplify the Goods and Services Tax system to a point where more than 99% items come under a tax slab of 18% or lower. [Full Article...]

Fed defies Trump to hike key rate again

Fed defies Trump to hike key rate again And markets hate uncertainty. "I'm aware of no plans to fire Powell", Sanders told CNBC broadcaster. In my opinion, by proceeding with yesterday's rate hike and suggesting that two more are on the way for 2019, the odds that there will be no rate hikes in 2019 have increased. [Full Article...]

Wall Street swoons as government shutdown deadline looms

Wall Street swoons as government shutdown deadline looms All of the major indexes... The index is now down more than 10 percent for December, putting it on track for its worst monthly loss in nearly a decade. Major indexes fell more than 1 percent in midday trading Thursday, bringing their losses over the previous six days to about 6 percent. Tokyo's Nikkei 225 lost 2.8 percent and Hong Kong's Hang Seng gave up 1 percent. [Full Article...]

AB InBev joins pot industry with Tilray Beverage partnership

AB InBev joins pot industry with Tilray Beverage partnership Decisions about commercialisation will be made later, as marijuana edibles and beverages won't be legal in Canada until next year. "We intend to develop a deeper understanding of non-alcohol beverages containing THC and CBD that will guide future decisions about potential commercial opportunities", Kyle Norrington, president of Labatt Breweries, stated in a press release. [Full Article...]

Russia's Putin - nothing to stop us adding other states to nuclear pact

Russia's Putin - nothing to stop us adding other states to nuclear pact Putin had a lot more to say, however, on issues relating to the Intermediate-Range Nuclear Forces Treaty and nuclear weapons in general, U.S. President Donald Trump's announcement that American troops will withdraw from Syria , and the recent clash between Russian Coast Guard and Ukrainian naval vessels in the Black Sea. [Full Article...]

Trump Threatens Infrastructure Legislation Over Border Wall Demand

Trump Threatens Infrastructure Legislation Over Border Wall Demand On "Fox and Friends" on Thursday, Rep. Mark Meadows, R-N.C., said: "If we're not going to fight now, when are we going to fight?" White House press secretary Sarah Huckabee Sanders reiterated House Republicans' comments in a statement on Thursday, casting the blame for the budget battle on Democrats. [Full Article...]

Oil producers have to contend with oversupply in 2019, IEA says

Oil producers have to contend with oversupply in 2019, IEA says Finally, prices are also being supported by a recovery in US equity markets, which were underpinned by reports that China was preparing to lower tariffs on automobiles. "That said, OPEC itself raises doubts in its monthly report as to whether the agreed cuts will be sufficient". Figures released Wednesday by the U.S. [Full Article...]

Brea Engineer Gets Revenge On Porch Pirates With Glitter Bomb

Brea Engineer Gets Revenge On Porch Pirates With Glitter Bomb But for anyone who's gotten a package stolen off a doorstep, he's now a hero. Rober - whose accomplishments include spending 9 years working for NASA's Jet Propulsion Laboratory, not to mention creating a dartboard that moves to hit a bullseye - ultimately engineered the sophisticated bait package that contained four smartphones to record reactions from every angle. [Full Article...]

Google to spend $1 billion to establish new campus in NY

Google to spend $1 billion to establish new campus in NY Google has announced that it is planning to open a new campus in New York City that will cost more than a billion dollars. All told, with Google Hudson Square and other expansion plans, Google will have office space to be able to more than double the number of staffers in NY over the next 10 years, according to Porat. [Full Article...]

California farm suspected in romaine outbreak recalls other produce

California farm suspected in romaine outbreak recalls other produce The affected products were sold from December 3 through the 14. So far, almost 60 illnesses from contaminated romaine lettuce have been reported in 15 states, with 23 people being hospitalized. The FDA asked producers and distributors of romaine lettuce to begin labeling their products with the harvest location and harvest date. People who bought the lettuce should not eat it, but return it to... [Full Article...]

China confirms arrest of second Canadian in escalating spat

China confirms arrest of second Canadian in escalating spat Now China has the country in its cross-hairs, detaining two Canadians in apparent retaliation for the arrest of a top Chinese tech executive on behalf of the United States. Canada-China relations are being tested after China's spy agency detained former Canadian diplomat Michael Kovrig on Monday in Beijing. US President Donald Trump blurred the line between political and judicial matte... [Full Article...]

Farm bill passes despite President Trump's food stamp preference

Farm bill passes despite President Trump's food stamp preference He continued: "I am constantly correcting that notion". The Farm Bill , as it is commonly known, provides assistance to farmers and people in poverty. John Kennedy (R-La.) said in a statement provided to LifeZette. "It gives them the security and certainty they need to plan for the future". The bill is now on its way to the White House, and Trump is expected to sign it without the theatrics w... [Full Article...]

Human heart left behind on Seattle-bound flight

Human heart left behind on Seattle-bound flight The "life-critical cargo shipment" was supposed to be unloaded in Seattle and transported to an undisclosed local hospital, a representative from Southwest told HuffPost. It's not known whether or not someone's life was in danger because of the mishap or if the heart made it to its intended recipient, according to the report. [Full Article...]

Tesla’s Elon Musk Hits Out At US SEC

Tesla’s Elon Musk Hits Out At US SEC But I believe him that he truly is clueless when it comes to smoking weed-which makes it that much sadder he lost $20 million (£16 million) and the chairmanship of his electric vehicle company over it. She is chief financial officer and strategy head at Telstra Corp. Musk told " 60 Minutes " interviewer Lesley Stahl that he had hand-picked Denholm. [Full Article...]

Kotex tampons recalled after reports of product unraveling inside body

Kotex tampons recalled after reports of product unraveling inside body This comes after some consumers have had to seek medical attention to remove tampon pieces that were left in their body. Problems related to the recalled products can be reported by health care professionals in the United States to MedWatch and in Canada to Health Canada . [Full Article...]

Google CEO spars with lawmakers on bias, privacy

Google CEO spars with lawmakers on bias, privacy Google's chief executive has explained to a U.S. congressional hearing why searching for the term " idiot " on Google Images returns pictures of Donald Trump while giving evidence to Congress. Pichai's testimony was overshadowed by the memory of his empty chair from a September hearing he skipped. "It was necessary to convene this hearing because of the widening gap of distrust between t... [Full Article...]


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