Markets

No Powerball victor yet, jackpot climbs to $750 million

No Powerball victor yet, jackpot climbs to $750 million It was the seventh-largest jackpot in US lottery history. The last Powerball victor can in late December, when a NY ticket won almost $300 million. The odds of winning are extremely long, at 1 in 292.2 million, but they do get beaten. Brian says he's seen customers buy 25 to 50 tickets at a time this week. [Full Article...]

Fed Signals It May Not Change Interest Rates This Year

Fed Signals It May Not Change Interest Rates This Year Many economists are now predicting the earliest the Fed may move to lift rates higher will be in December. The Fed's pause in credit tightening is a response, in part, to slowdowns in the USA and global economies . It says traders now put the probability of any Fed rate hike this year at just 1 percent and project a roughly one-in-four chance that the Fed will actually cut rates by year's end t... [Full Article...]

Second U.S. jury finds Bayer's Roundup caused cancer

Second U.S. jury finds Bayer's Roundup caused cancer Tuesday's unanimous jury decision in San Francisco federal court was not a finding of Bayer's liability for the cancer of plaintiff Edwin Hardeman. "We continue to believe firmly that the science confirms that glyphosate-based herbicides do not cause cancer", said an online statement from Bayer . [Full Article...]

Trump Races To Reopen GM Plant Ahead Of Ohio Visit

Trump Races To Reopen GM Plant Ahead Of Ohio Visit Mike DeWine, a Republican, last week expressed doubts GM will reopen its Lordstown plant, but he said the automaker indicated it's in talks with another company about using the site. GM said in a statement that it and the UAW would decide what happens to the plant. "Very disappointed with General Motors and their CEO, Mary Barra, for closing plants in Ohio, Michigan and Maryland", Trump wrote in... [Full Article...]

IEA warns 'significant' Venezuela outages could present 'challenge' to oil market

IEA warns 'significant' Venezuela outages could present 'challenge' to oil market Two sources told Reuters that the USA also aims to curb Iran's crude exports by about 20% to below 1 million barrels per day (bpd) from May, likely reining in waivers for Tehran's remaining customers. The OPEC decline in February comes after the cartels' production in January fell by 797,000 barrels per day to average almost 30.8 million barrels per day. [Full Article...]

Tesla launches its first compact SUV, the Model Y

Tesla launches its first compact SUV, the Model Y The Dual-Motor All-Wheel Drive will also offer 280 miles range but with a top speed of 135 mph and a 0-60 of 4.0 seconds. Would the established vehicle makers be as far down the path with their EV plans if it wasn't for Tesla? He correctly predicted the standard version of the Model Y would cost $39,000 and that it may take the company two years to make that version available. [Full Article...]

Facebook's massive outage was the result of a server configuration change

Facebook's massive outage was the result of a server configuration change The outage-tracking website Down Detector showed significantly fewer people having issues accessing Facebook and Instagram on Thursday as compared to Wednesday, when the outage began. Facebook's shares fell almost two per cent in morning trading on Thursday. "This morning, Pavel Durov, the founder and CEO of the popular instant messaging service Telegram , used his official channel to we... [Full Article...]

Volkswagen says to cut up to 7,000 jobs at VW brand

Volkswagen says to cut up to 7,000 jobs at VW brand The world's biggest carmaker needs its gamble to pay off, with its key three brands already showing the strain from higher spending on electric-vehicle technology, alongside trade disputes and weakening markets. He stressed a job guarantee until at least 2025 remains in place with any reductions based on voluntary agreements and called for a labor pact to retrain staff. [Full Article...]

How did my MP vote on Brexit delay?

How did my MP vote on Brexit delay? The government motion to extend Article 50 beyond the official Brexit deadline day, seeks a delay until June 30, on the condition MPs back May's negotiated deal by March 20. Any delay in the Brexit process would require the unanimous approval of all 27 remaining European Union member states, which in effects gives the bloc the power to dictate the terms of an extension. [Full Article...]

U.S. Economy Loses Steam, Adding Only 20000 Jobs Last Month

U.S. Economy Loses Steam, Adding Only 20000 Jobs Last Month The unemployment rate fell 0.2 percent to 3.8 percent, the lowest level since October 2018 (and before that, April 2000). Unemployment in the Rome-Utica area fell from January 2018 to January 2019, according to newly released state Labor Department data. [Full Article...]

No plans to visit China for trade talks

No plans to visit China for trade talks The dismal trade data and a rare sell rating slapped on several high-flying Chinese stocks from a top brokerage sent the country's roller-coaster stock market down sharply, with the benchmark Shanghai Composite Index losing 4.40 per cent on Friday. [Full Article...]

Facebook to merge with WhatsApp and Instagram

Facebook to merge with WhatsApp and Instagram Zuckerberg also goes on to detail how Facebook will approach secure data storage , including new considerations about where it builds data centers and whether it will abide by foreign data storage laws when governments seek access to people's information. [Full Article...]

Tesla V3 Supercharging: 250kW charge stations announced

Tesla V3 Supercharging: 250kW charge stations announced Tesla , which proclaims to build world's largest grid-connected batteries, has developed new technology to increase the speed of the auto charging and with V3 Supercharger stations, Tesla customers, particularly owning Model 3-series will now be able to power up their cars at the peak rates of up to 250kW, meaning just 5 minutes of charging will be enough for the Model 3 Long Range to drive 75... [Full Article...]

Trump directs China to lift tariffs on U.S. farm products

Trump directs China to lift tariffs on U.S. farm products Nominal goods exports to China tanked by 33% year-over-year in December, likely as a result of China's retaliatory tariffs on USA goods. In addition, Washington has sought increased Chinese purchases of USA goods, including farm and energy commodities and manufactured products, to reduce a US trade deficit with China that it estimates at more than $417 billion for 2018. [Full Article...]

Moon Lauds North Korea's Nuclear Offer, Splitting With Trump

Moon Lauds North Korea's Nuclear Offer, Splitting With Trump Bolton said the leaders left on good terms and that Trump made an important point to North Korea and other countries that negotiate with him. Trump said at a press conference after the summit that the North Koreans had wanted sanctions against Pyongyang "lifted in their entirety". [Full Article...]

Pakistan has released captured air force pilot to India: Indian media

Pakistan has released captured air force pilot to India: Indian media The handover came against the backdrop of blistering cross-border attacks across the disputed Himalayan region of Kashmir that continued for a fourth straight day, even as the two nuclear-armed neighbors sought to defuse their most serious confrontation in two decades. [Full Article...]

Tesla delivers Model 3 Standard Range Electric Vehicle for the masses

Tesla delivers Model 3 Standard Range Electric Vehicle for the masses The updates will add roughly 5 percent peak power to all Model 3 vehicles, Tesla says. The Tesla Model 3 has a top speed of 210km/h and a range of 355km. You can now return a vehicle within 7 days or 1,000 miles for a full refund. " Quite literally, you could buy a Tesla, drive several hundred miles for a weekend road trip with friends and then return it for free ", the company said in a ... [Full Article...]

Victoria’s Secret to close 53 stores in North America

Victoria’s Secret to close 53 stores in North America A Victoria's Secret spokesperson didn't return Advance request for comment about whether its store in the Staten Island Mall, New Springville is on its hit list. The number of planned store closures is a significant increase over recent years. This came to a head in November, after a Vogue interview with Ed Razek , chief marketing officer of Victoria's Secret parent company L Brands, went viral... [Full Article...]

Trump must enter Venezuela 'if he wants to be re-elected' in 2020

Trump must enter Venezuela 'if he wants to be re-elected' in 2020 Some European and Latin American ambassadors were expected to boycott Arreaza's speech, as more countries back opposition leader Juan Guaido and spurn President Nicolas Maduro, diplomats said. In order for a resolution to be adopted in the Security Council - the only United Nations body whose decisions are binding - the majority of its members must vote in favour and there must be no veto from a... [Full Article...]

Mike Pompeo warns despot Kim Jong Un IS nuclear threat

Mike Pompeo warns despot Kim Jong Un IS nuclear threat During their fake summit, White, as Mr. Trump, said he and his counterpart were working toward "peace". "Chairman Kim will make a wise decision!" "We want denuclearisation, and I think he'll have a country that will set a lot of records for speed in terms of an economy", Trump said. [Full Article...]


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