Business

Business Ethereum Price Analysis: ETH/USD Could Snap Back to $170
Author: 0 Ethereum Price Analysis: ETH/USD Could Snap Back to $170

In last one week, the crypto market has lost almost $60 billion of its valuations with Bitcoin and other altcoins taking a major hit. Yesterday, Changpeng Zhao (also known as "CZ"), the CEO of the largest crypto exchange, Binance, tweeted something that hints towards the possibility of XRP becoming a base currency on the leading exchange.

Business Target Black Friday ad 2018: Best deals
Author: 0 Target Black Friday ad 2018: Best deals

Plus, you'll be able to try all the other benefits of Prime like free 2-day shipping, Prime Video, and more . This deal is part of Amazon's new promo called "Seven Days of Black Friday". So, if you are looking for an Amazon bargain here's some of the best deals on offer today. Again this is a limited time deal that can end at any time without warning.

Business Death in Paradise: Hunt for victims of wildfires
Author: 0 Death in Paradise: Hunt for victims of wildfires

Another three were found in Magalia and one was discovered in Concow. Dozens of people have been confirmed dead making it the most lethal wildfire in California history. Nicole said she fled once her home's mailbox caught fire and neighbors' propane tanks began exploding. The death toll also rose to 63 after the remains of seven more people were found.

Business Apple shares tank on iPhone sales warnings
Author: 0 Apple shares tank on iPhone sales warnings

Semiconductor stocks were broadly lower with the Philadelphia Semiconductor Index losing 4.4 per cent. 'For Apple , the iPhone shipment has reached its peak. Apple said it preferred to focus on its transition to a services company, with regular recurring revenue. More recently, Apple launched a new version of its operating system, iOS 12, that supports an unprecedented 28 of the company's devices, including models that went on sale in 2013.

Business President Trump Blasts Saudi Arabia Over Oil Production as Relations Strain
Author: 0 President Trump Blasts Saudi Arabia Over Oil Production as Relations Strain

Oil prices are staging a comeback, driving Brent crude oil above $70 following an announcement from the kingdom of Saudi Arabia indicating that the world's major crude producers plan to cut supply significantly in 2019. "I think those reports are going to be even weaker because they will have to adjust for the increase in us production", Jakob said. Besides, output from the Organization of the Petroleum Exporting Countries like Saudi Arabia , the UAE, Iraq and Libya has been on ...

Business USA sanctions have made Iranians stronger, more united
Author: 0 USA sanctions have made Iranians stronger, more united

China will still be allowed to import some Iranian crude under a waiver to US sanctions that will enable it to purchase 360,000 bpd for 180 days, two sources familiar with the matter told Reuters on Tuesday. That policy, in place since 2017, helped end a historic oil price collapse that punished US energy companies and oil-exporting nations alike. "An analysis of crude export weighted fiscal breakeven price for major gulf economies (Iran, Iraq, Kuwait, Qatar, Saudi Arabia and UAE) ...

Business China holds 1st expo for imports amid trade war with US
Author: 0 China holds 1st expo for imports amid trade war with US

He added that the imports would be increased cutting costs for importers and improving consumer spending power. About 3,600 companies from more than 170 nations, regions and global groups are taking part in the country's first national-level expo for imports, the Chinese government said.

Business Amazon to Split HQ2 Between Crystal City, VA and NYC?
Author: 0 Amazon to Split HQ2 Between Crystal City, VA and NYC?

Jeff Bezos , Amazon's CEO, recently said that the company looked at data to help make its decision "but then you make that decision with your heart". The bidding for Amazon has been intense since the company announced plans to build a second headquarters away from its Seattle hub. The company's motive behind the decision is recruiting enough tech talent, the report said .

Business Amazon’s gift? Free holiday shipping for everyone
Author: 0 Amazon’s gift? Free holiday shipping for everyone

Prime members, who are already entitled to free two-day shipping, will also receive a new perk: More than 3 million items will be available for same-day delivery during the holiday season. It may be because Amazon felt the need to compete with big box stores who are also offered free shipping promotions. As part of the promotion, the online retailer is waiving the $25 purchase minimum for non-Prime members starting Monday.

Business US Candidates Making Final Appeals to Midterm Voters
Author: 0 US Candidates Making Final Appeals to Midterm Voters

Neither side wanted to leave anything on the field in the final weekend. "It's a sign of their ineffectiveness that they're afraid to do it", said Ed Mattos (70) of Rockville, Maryland, who attended the Sanders rally. "Of course I can talk about the economy, we're doing great but the economy isn't such an interesting topic, is it", he said to wild cheers as he trained his guns, yet again, on the dangers of illegal immigration.

Business Apple posts another record quarter, readies for crucial holiday period
Author: 0 Apple posts another record quarter, readies for crucial holiday period

Sales of iPad also witnessed a decline with the company selling just 9,699 units in Q4 2018 as against 10,326 units sold during the same time past year. That's a tough pill to swallow for Wall Street. That said, Apple during the quarter gone by sold 46.9 million iPhones. Some parts of it, like iCloud storage, are likely lucrative, but others, like Apple Music , are probably less so because Apple has to pay music licenses costs and competes with rival Spotify Technology.

Business Iran began trading oil on the Tehran stock exchange
Author: 0 Iran began trading oil on the Tehran stock exchange

Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode. Trump said he would like to make a deal now but that China was not ready. Speaking to Shana, Saeed Khoshroo, the director of worldwide affairs at NIOC, said the prices were charged based on the global oil prices; therefore, if the traded shipments were quoted lower during IRENEX Sunday ...

Business Trump threatens to impose new tariffs on China
Author: 0 Trump threatens to impose new tariffs on China

The Dow Jones Industrial Average ended down 1 percent, while the Nasdaq fell 1.6 percent, also on weakness in technology and internet shares. "It looks as if rivalry and confrontation became the prevailing aspect of our path ahead", said Cui, speaking during a trade war in which both countries have slapped punitive tariffs on hundreds of billions of dollars worth of imports.

Business Modi Government Invokes Never-Used Powers to Direct RBI Governor
Author: 0 Modi Government Invokes Never-Used Powers to Direct RBI Governor

The government has invoked never-before-used powers under the RBI Act that allow it to issue directions to the central bank governor on matters of public interest, the Economic Times newspaper reported. This myopia or short-termism of governments is best summarized in history by Louis XV when he proclaimed "Apres moi, le deluge!" The government in a released statement said, "Autonomy for the Central Bank, within the framework of the RBI Act, is an essential and accepted governance ...

Business Tearful families await news on crashed Lion Air plane
Author: 0 Tearful families await news on crashed Lion Air plane

A spokesperson for Indonesia's Finance Ministry Nufransa Wira Sakti said they worked at the finance ministry offices in Pangkal Pinang but had been in Jakarta for the weekend. The plane also had 3 crew under training and 1 technician, the statement said. "We don't dare to say what the facts are, or are not, yet", Edward Sirait, the chief executive of Lion Air Group, told Reuters .

Business Man Who Broke His Hip Wins Mega Millions Lottery With Hospital Pool
Author: 0 Man Who Broke His Hip Wins Mega Millions Lottery With Hospital Pool

The largest Powerball jackpot was $1.586 billion and it was split three ways in January 2016. According to the release, Heft purchased his $1 million ticket at Pick 'n Save in Madison and matched five numbers, but not the Powerball . A woman sells a Powerball ticket in SC. However, none of those players also played the Power Play option which would have increased their winnings to $2 million.

Business Amazon tumbles on disappointing forecast for holiday revenue
Author: 0 Amazon tumbles on disappointing forecast for holiday revenue

After blazing a path beyond $2,000 earlier this year, imputing a valuation of the company of $1 trillion, the stock price has fallen back a bit as tech stocks overall continue to get pummeled this fall. Add in the recent stock market rout, and the tech companies had little room to bobble their results. "With consumer sentiment and employment rates near 18-year highs and ongoing store closures in the USA, we believe Amazon's strong retail sales growth will continue through the balance of the ...

Business Killing of Saudi Journalist Jamal Khashoggi Was Premeditated, Country’s Attorney General Says
Author: 0 Killing of Saudi Journalist Jamal Khashoggi Was Premeditated, Country’s Attorney General Says

A statement from Saudi Attorney General Saud al-Mojeb attributed the conclusion about a calculated killing, one of the initial findings of a joint Turkish-Saudi investigation, to information from Turkish counterparts. We admit it, we're dealing with it. Also Thursday, the European Union issued a fresh condemnation of Khashoggi's killing and reiterated its skepticism that it could have been carried out without Mohammed's knowledge.

Business Idaho Residents Have Big Plans For Huge Mega Millions Jackpot
Author: 0 Idaho Residents Have Big Plans For Huge Mega Millions Jackpot

With the Mega Millions jackpot projected to be $1.6 billion, lottery fever is sweeping the nation with hundreds of tickets being printed every second in some states. "We all said we'd turn in our resignation at the same time", she said, laughing. He was buying a ticket with Eliseo Garcia of DePue after they had just cast their early votes at Spring Valley City Hall.

Business US Mega Millions jackpot hits $1.6 billion after no winners
Author: 0 US Mega Millions jackpot hits $1.6 billion after no winners

If ticket holders fail to win the Mega Millions jackpot, they can also pursue their dreams by participating in the Powerball lottery, which will hold its drawing Saturday for an estimated $430 million jackpot. The first winning Quick Pick ticket was purchased at BP, 6500 S. Kedzie Ave., in Chicago, and matched all five numbers - 15 - 23 - 53 - 65 - 70 - to win the prize.

Business Benchmark crudes fall as stockpiles rise, stock market drops
Author: 0 Benchmark crudes fall as stockpiles rise, stock market drops

Brent crude was down 31 cents at $79.74 a barrel at 1:24 p.m. EDT (1724 GMT). Meanwhile, sources previously said that during the sanctions scheme of 2011 by the US, TÜPRAŞ was able to purchase 3 to 4 cargoes of Iranian crude a month and that they would want to be able to stick to that this time as well instead of completely stopping.

Business Tesla releases a $35,000 Model 3 after rebates
Author: 0 Tesla releases a $35,000 Model 3 after rebates

With an estimated range of 260 miles, the mid-range ride has a battery with fewer cells than those in Tesla's previous versions of the Model 3 . Bottom line: Tesla is inching closer to offering its promised $35,000 Model 3 but we're not quite there yet.

Business Trump escalates his attack on Fed: 'My biggest threat'
Author: 0 Trump escalates his attack on Fed: 'My biggest threat'

Trump has recently been vocal in his displeasure with the pace of the Fed's interest rate hikes. Yellen spoke at a banking forum just days after the president repeatedly complained that the Fed was hurting financial markets and threatening economic growth by raising interest rates too quickly.

Business Chaos erupts as caravan reaches Mexico border
Author: 0 Chaos erupts as caravan reaches Mexico border

The countries' leaders have been notified that their aid will be cut if they do nothing to stop the heavy flow of migrants to the United States, he added. Those seeking asylum or some other form of protection can request it but must wait in a migration centre for up to 45 days, officials said, and those who try to enter illegally will be detained and deported.

Business Turkish police search forest, coastal city for journalist's remains
Author: 0 Turkish police search forest, coastal city for journalist's remains

Mr Pompeo said on Thursday that the Saudis should get "a few more days to complete" to complete their investigation before deciding if and how the USA should respond. But one of the key figures in the Saudi-U.S. alliance is receiving particular scrutiny for his role, or lack thereof, in the response: Jared Kushner , the president's son-in-law.

Business Oil prices slump after large build in US stockpiles
Author: 0 Oil prices slump after large build in US stockpiles

Al-Falih explained that a number of segments were being considered such as petrochemicals, refining, crude oil storage and retail sales as well as solar energy . So you know, there's one thing that could really impact oil prices beyond sort of the geopolitics, and that's demand. It also has an option to buy an additional 1 million tons.

Business Softbank shares plummet amid concerns over Saudi ties
Author: 0 Softbank shares plummet amid concerns over Saudi ties

A bipartisan group of almost two dozen senators have called for an investigation into Khashoggi's disappearance, and some have suggested they would be willing to block the Saudi arms deal if more damaging details come to light. The sales are a "tremendous order for our companies", and if the Saudis don't buy their weaponry from the US, they will get it from others, he said. "Absolutely extraordinary they were able to enlist the President of the United States as their PR agent to float it".

Business $5M winning ticket for Tuesday night's Mega Millions sold in SA
Author: 0 $5M winning ticket for Tuesday night's Mega Millions sold in SA

The jackpot has been growing since July, when some California office workers won $543 million. The odds of hitting the jackpot by matching all six numbers correctly are an astronomical one in 302.6 million, but the odds of turning a Mega Millions ticket into a victor of any kind, including a US$2 prize simply for matching the "Mega ball", are a more down-to-earth one in 24.

Business U.S. newspaper publishes 'last piece' by missing Saudi journalist
Author: 0 U.S. newspaper publishes 'last piece' by missing Saudi journalist

The discrepancy in attention is sad, she said, and as a fellow critic of the Saudi regime, she feels more vulnerable seeing how far Riyadh now appears willing to go to silence dissent, potentially with global acquiescence. Khashoggi, a Saudi national, was last seen entering the Saudi consulate in Istanbul to get paperwork for a marriage to a Turkish fiancée. And a New York Times report says three of the suspects in the alleged Saudi "hit squad" served as part of the Crown Prince's security ...

Business Trump sends Secretary of State to meet Saudi king over Khashoggi disappearance
Author: 0 Trump sends Secretary of State to meet Saudi king over Khashoggi disappearance

Flake said if the Saudis did, in fact, kill Khashoggi , Congress might specifically curtail US military aid to Saudi-led forces in Yemen. Diplomatic pressure is growing on the Saudis to give a fuller explanation. Turki Al Dakhil, who heads the Saudi state-owned Arabiya news network, wrote in an article that USA sanctions against Saudi Arabia could wreak havoc on the global economy by taking oil prices to $200 a barrel and more.

Business Hackers accessed personal information of 30 million Facebook users
Author: 0 Hackers accessed personal information of 30 million Facebook users

Then, "for 15 million people , attackers accessed two sets of information - name and contact details (phone number, email, or both, depending on what people had on their profiles)". Facebook said it is working with the FBI to investigate the biggest hack in its history. The hackers used the access tokens from Sep. Google ended up taking some heat off of Facebook after disclosing a potential data breach of its own earlier this week, though the scope of that incident was much smaller ...

Business No Winning Mega Millions ticket, jackpot now $654 million
Author: 0 No Winning Mega Millions ticket, jackpot now $654 million

Mega Millions announced Friday night that the winning numbers are 4, 24, 46, 61, 70 and the Mega Ball 7. Unidentified players in Minnesota and Nebraska, however, won "Match 5" prizes, officials said. It was the 22nd consecutive drawing that left the jackpot untouched. And if you don't get lucky Friday night, there's still the Powerball drawing on Saturday.

Business International Monetary Fund and Pakistan Officials Scheduled to Meet Today to Seek Bailout
Author: 0 International Monetary Fund and Pakistan Officials Scheduled to Meet Today to Seek Bailout

The IMF slashed China's growth rate to 6.6 per cent in 2018 and further down to 6.2 per cent in 2019, from 6.9 per cent in the previous year. "But, first we will try to get assistance from other countries as we have requested three countries to deposit money in Pakistan's State Bank that would help boost national reserves", he said, without offering details or taking any name on the matter.

Business China trade surplus with USA widens to record $34.1 billion
Author: 0 China trade surplus with USA widens to record $34.1 billion

As for the source of these imports, there have been a couple of interesting developments lately: earlier this month it emerged China had cut US oil imports to zero in August amid the deepening trade row, but at the same time it has turned its attention further north, to Canadian crude.

Business Stocks plunge again on wide selling; Dow down as much as 698
Author: 0 Stocks plunge again on wide selling; Dow down as much as 698

Tech leaders Amazon (AMZN ), Facebook (FB) and Netflix (NFLX ) all helped lead the market lower Wednesday while stodgier companies like food companies Smucker (SJM ) and General Mills (GIS ), gold miner Newmont (NEM ) and bargain retailers Dollar General (DG) and Dollar Tree (DLTR ) finished the day higher.

Business International Monetary Fund predicts 7.3% growth rate for India in current fiscal year
Author: 0 International Monetary Fund predicts 7.3% growth rate for India in current fiscal year

The IMF said a high interest burden and risks from rising yields in India also require continued focus on debt reduction to establish policy credibility and build buffers. Emerging Asia includes ASEAN 5 countries plus China and India. The Briton Woode institution is also projecting growth of 1.9 and 0.8 percent for Nigeria and South Africa while it is predicting contraction of 0.1 percent for Angola.

Business India's currency falls to all-time low against USA dollar
Author: 0 India's currency falls to all-time low against USA dollar

Five of the six panel members voted to leave the rate unchanged. Also, it is up to the commercial banks either they want to keep interest rates 'stagnant or want to raise them. Reportedly, several banks have been raising the interest rates even before the RBI has raised the repo rates in June. During April-June India's balance of payments slipped into deficit for the first time in six quarters.

Author: 0 Wage inflation on the agenda after Amazon gives workers a big raise

The new wage will benefit more than 250,000 Amazon employees, plus over 100,000 seasonal employees who will be hired for the holidays. As Amazon's value approaches $1 trillion, the company has come under fire from employees as well as politicians and workers' rights groups for their low wages and poor working conditions, particularly within their fulfillment centers across the United States.

Business Tesla Shares Rise After SEC Lawsuit Leaves Musk as CEO
Author: 0 Tesla Shares Rise After SEC Lawsuit Leaves Musk as CEO

US securities regulators settled a lawsuit against Musk alleging that he made false and misleading statements about plans to take the company private in August. Tesla did not immediately respond to requests for comment. "Shareholders with Tesla will be able to go to sleep tonight knowing the Musk will remain at the helm of the company".

Business Ripple rallies on optimism the cryptocurrency finds a home
Author: 0 Ripple rallies on optimism the cryptocurrency finds a home

From yesterday, the crypto market is feeling the reds as prices take a drop. Over the past one month, Ripple has partnered with three major financial institutions. The US banking gian PNC has also decide to join RippleNet to send and receive money nearly instantly and with on-demand liquidity. xRapid is a payment settlement which facilitates low cost, real-time payments for cross-border.

Business Kevin Systrom and Mike Krieger Are Leaving Instagram
Author: 0 Kevin Systrom and Mike Krieger Are Leaving Instagram

Meanwhile, Facebook user growth is slowing: The platform added 22 million daily active users globally during the most recent quarter, compared to 41 million during the same period a year ago. Instagram has been a key part of the Facebook empire as younger users shun the original social network and move into different applications. The duo now serve as the Facebook-owned photo-sharing app's CEO and CTO respectively.

Business Oil Prices to Be 'Cheaper' if Trump Stops Tweeting, Iran Official Says
Author: 0 Oil Prices to Be 'Cheaper' if Trump Stops Tweeting, Iran Official Says

Iran, OPEC's third-largest producer, has accused Trump of orchestrating the oil price rally by imposing sanctions on Tehran and accused its regional arch-rival Saudi Arabia of bowing to US pressure. The price of crude oil has jumped from about $50 (£38.29) a barrel in late 2016 to highs of $80 this summer, partly due to the cartel's agreement with Russian Federation to cut production for 18 months .

Business Oil stable, OPEC in focus after Trump call for lower prices
Author: 0 Oil stable, OPEC in focus after Trump call for lower prices

The oil prices were increased to its highest level until this year. OPEC members will meet this weekend with non-OPEC producers such as Russian Federation to discuss production levels. He was referring to the weekly survey from the oil industry group the American Petroleum Institute (API) on Tuesday that indicated United States stocks had risen by 1.2 million barrels last week.

Business Passengers suffer nose, ear bleeds on Jet Airways flight
Author: 0 Passengers suffer nose, ear bleeds on Jet Airways flight

Subsequently, first aid was administered to the passengers who complained of ear pain, bleeding nose etc, a spokesperson of the airline said . In the four-pager, Patel has accused the crew of Jet Airways of "dereliction of duty" and "poor crisis management" leading to the incident on September 20 on its Mumbai-Jaipur flight No.

Business Wall Street slides ahead of Trump tariff announcement
Author: 0 Wall Street slides ahead of Trump tariff announcement

Trump also warned that if China takes retaliatory action against USA farmers and industries, the administration will pursue tariffs on about $267 billion of additional imports. But it is unclear whether Beijing will agree to come to Washington with the new tariffs set to go into effect. China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the president's supporters in the USA farm belt.

Author: 0 Time Magazine Sold to Salesforce CEO Marc Benioff and Wife Lynne

The proposed sale is expected to close within 30 days. "We are honored to be the caretakers of one of the world's most important media companies and iconic brands", said the Benioffs. The company expects to announce agreements for these sales "in the near future". Meredith management has said that it's selling Fortune , Sports Illustrated and Time because they have different audiences and advertisers than most of its other magazines - a collection that focuses on entertainment, food, ...

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