Business

Business Fed's Powell Again Stresses Patience as US Economy's ‘Narrative' Unfolds
Author: 0 Fed's Powell Again Stresses Patience as US Economy's ‘Narrative' Unfolds

The U.S. central bank raised rates four times a year ago in the face of robust economic growth and unemployment that touched its lowest level in half a century. While there is wide agreement that the US economy will grow more slowly than the roughly three percent rate of 2018, there's a lot of debate about how fast the slowdown will be.

Business Donald Trump says US-China talks are ‘going very well’
Author: 0 Donald Trump says US-China talks are ‘going very well’

A statement from the Office of the U.S. Trade Representative didn't characterize the tone of the talks or say what would happen next. However, that point is considered a relatively minor area of disagreement, and there were no hints of progress on bigger issues.

Business China officials to begin trade war talks in Beijing
Author: 0 China officials to begin trade war talks in Beijing

There are concerns that USA growth, 3.4 percent in the third quarter, could also be slowing even as the country's unemployment rate remains almost at a five-decade low. The visiting delegation, led by Deputy US Trade Representative Jeffrey Gerrish, left its hotel in Beijing on Monday morning without speaking to reporters for a first day of talks.

Business Apple drops revenue guidance after slowing sales in China
Author: 0 Apple drops revenue guidance after slowing sales in China

With a company as large and dominant as Apple , any uncertainty or concern in the company reverberates quickly and sharply throughout the company's supply chain. "The government-reported GDP growth during the September quarter was the second lowest in the last 25 years", wrote Cook. It's clear that the economy began to slow there in the second half and I believe the trade tensions between the United States and China put additional pressure on their economy.

Business Lawyer Reacts To McDonald's Straw Attack Drama & Says Employee Deserves GoFundMe Donations
Author: 0 Lawyer Reacts To McDonald's Straw Attack Drama & Says Employee Deserves GoFundMe Donations

St. Petersburg police said the video shows Daniel Taylor grabbing Yasmine James' shirt. James fights to get him to let go, landing several blows to his head, face and arms before another employee is able to separate the two. "He was very upset, he started berating her , swearing, saying 'There's no law like that, '" Biandudi told BuzzFeed News . As soon as Biandudi began recording, the argument turned physical.

Business Tesla Stock Drops as Company Slashes Vehicle Prices
Author: 0 Tesla Stock Drops as Company Slashes Vehicle Prices

Starting Wednesday, the company will be reducing its price for Model S, Model X and Model 3 vehicles in the U.S.by $2,000, it said. Tesla boss Musk is under intense pressure to deliver on production promises, with the Model 3 billed as its first mass market vehicle and its path to profitability.

Author: 0 Lexington, Kentucky, officers mourn loss of Krispy Kreme doughnut truck

The driver of a Krispy Kreme doughnut truck noticed his vehicle was smoking on New Year's Eve, so he called 911. Two pictures show officers gripping their heads and looking down in dismay, while a third photo shows an officer with a big frown and the charred truck behind him.

Business Sears closing 80 more stores in March, facing possible liquidation
Author: 0 Sears closing 80 more stores in March, facing possible liquidation

Only its Sioux City Sears venue was on the list of announced closings in Iowa. That will make it rather ironic if a purchase by Lampert's hedge fund saves the company from closure. As of the afternoon of December 27, Lampert had neither submitted his bid, nor rounded up financing. Sears will now evaluate the bid to determine whether it is viable, and there remains a possibility the company could reject it, some of the sources said.

Business Sears to close store at Fox River Mall
Author: 0 Sears to close store at Fox River Mall

Another store closing was announced for a location in Muskegon. Lansing's Sears has dodged another round of closings. Sears and Kmart have announced the closure of even more stores. A bid that would keep Sears in business also gives lenders who aren't first in line to be repaid a shot at retrieving a larger portion of what they're owed.

Business U.S. trade delegation said to plan Beijing trip
Author: 0 U.S. trade delegation said to plan Beijing trip

Deputy U.S. Trade Representative Jeffrey Gerrish will lead the Trump administration's team, which will also include Treasury Under Secretary for International Affairs David Malpass, according to the people, who spoke on the condition of anonymity.

Business Two local Sears stores to close
Author: 0 Two local Sears stores to close

The store at 1000 San Fernando Road is expected to be closed by late March 2019, along with 79 other Kmart and Sears locations across the country. That's in addition to the closure of 46 unprofitable stores that had already been announced on October 15.

Business No aliens: NY transformer explosion lights sky, knocks power
Author: 0 No aliens: NY transformer explosion lights sky, knocks power

An eerie electric blue light illuminating the night sky and a low buzzing sound ringing through the streets of New York City has created quite a spectacle for residents. Explosions at Con Edison facilities have previously caused dramatic scenes in New York City . The FAA issued a ground stop at nearby LaGuardia Airport at 9:36 p.m.

Business United States stocks lose momentum a day after Dow's record gain
Author: 0 United States stocks lose momentum a day after Dow's record gain

The blue-chip Dow Jones Industrial Average had its steepest drop on Christmas Eve in its 122-year history. At its session low, the S&P hit a fresh 20-month low and came within two points of entering bear market territory, measured by a drop of more than 20 percent from a closing high .

Business Nikkei enters bear market to extend global rout; yen, bonds rally
Author: 0 Nikkei enters bear market to extend global rout; yen, bonds rally

Precision instrument, oil and coal product, and information and communication issues comprised those that rebounded the most in the opening minutes after the morning bell. The dive also came after Treasury Secretary Steven Mnuchin's efforts to reassure investors fell flat. Meanwhile, market players snapped up the yen and Japanese government bonds as risk aversion intensified, pushing down the dollar and JGB yields.

Business Wall St Falls at Open after Dow's Record-breaking Surge
Author: 0 Wall St Falls at Open after Dow's Record-breaking Surge

On Wednesday, stocks rebounded from their recent losses with a dizzying climb that saw the Dow Jones Industrial Average take its biggest leap in history, zooming up nearly 1,100 points. Kohl's gained 8.3 percent to $64.75. Visa added 3 percent to $125.32, while Mastercard gained 3.5 percent to $180.82. Big retailers were among the gainers.

Business What's open and closed on Christmas Eve, Christmas Day and Boxing Day
Author: 0 What's open and closed on Christmas Eve, Christmas Day and Boxing Day

Kroger: Open until 7:00 p.m. Starbucks : Some Starbucks locations will be open for part of the day. Calgarians can also head to the mountains to ski at Mount Norquay, Lake Louise and Banff's Sunshine Village. Walmart: Christmas Eve: Open until 6 p.m. Hours will vary from location to location, however. Phoenicia Specialty Foods (Westheimer): Open on Christmas Eve .

Business Food and Liquor Stores Open Christmas Eve and Christmas Day 2018
Author: 0 Food and Liquor Stores Open Christmas Eve and Christmas Day 2018

Arenas close at 2 p.m. on Christmas Eve and New Year's Eve and will be closed Christmas Day and New Year's Day . Whole Foods will be open from 8 a.m.to 7 p.m. Cumberland Farms . The convenience store will be open Christmas Eve . Other grocery stores will have limited hours as well, including Trader Joes, which closes at 6 p.m.

Business BC woman dies in yesterday's powerful windstorm
Author: 0 BC woman dies in yesterday's powerful windstorm

In the Lower Mainland, crews are working to restore power to more than 15,000 customers. "Sustained southeast winds of 50 to 80 km/h have already developed early this morning over much of the south coast and will increase to 70 to 90 km/h later this morning", read the notice from Environment Canada.

Business GST cut on 23 items: TVs, movie tickets get cheaper
Author: 0 GST cut on 23 items: TVs, movie tickets get cheaper

With regard to GST on the lottery, currently, state-organised lottery attract 12 per cent GST, while state-authorised lottery attracts 28 per cent. "Accessories for carriages for specially abled persons have been brought down to 5%". The Council also approved a proposal to form a seven Member Group of Ministers to study the revenue trend, including analysing the reasons for structural patterns affecting the revenue collection in some of the states.

Business Putin issues chilling warning on rising nuclear war threat
Author: 0 Putin issues chilling warning on rising nuclear war threat

The INF Treaty eliminated all nuclear and conventional missiles, as well as their launchers, with ranges of 500-1,000 kilometers (310-620 mi) (short-range) and 1,000-5,500 km (620-3,420 mi) (intermediate-range). Putin's remarks came one day after the United States said it would withdraw all forces from Syria. The pullout is also likely to strengthen Russia's role in Syria's future.

Business 100 days to Brexit: EU, UK act to cushion no-deal chaos
Author: 0 100 days to Brexit: EU, UK act to cushion no-deal chaos

The proposed short-term work route forms part of the most significant shake-up of the immigration regime for more than 40 years, set out in a long-awaited White Paper that will apply following the post-Brexit implementation period, which ends in December 2020.

Business Facebook 'gave Netflix and Spotify access to private messages'
Author: 0 Facebook 'gave Netflix and Spotify access to private messages'

Facebook has acknowledged allowing other companies, namely Spotify and Netflix, to access millions of people's private messages. Facebook also gave companies like Netflix and Spotify the ability to read users' private messages and permitted Amazon to obtain users' names and contact information through their friends, the New York Times said.