JPMorgan launches its own cryptocurrency; the first for a major U.S. bank

15 Feb, 2019

This week, Maria Bartiromo recaps her interview with JP Morgan Chase Chairman and CEO Jamie Dimon , discussing market volatility, impact of tax cuts, U.S-China trade fight, and a possible slowdown in the US economy. It is a digital coin representing United States Dollars held in designated accounts at JPMorgan Chase N.A. In short, a JPM Coin always has a value equivalent to one U.S.

Jody Wilson-Raybould resigns from Trudeau's cabinet

14 Feb, 2019

Wilson-Raybould, however, has chosen not to speak publicly on the allegations, saying she is protected by client privilege and cabinet confidentiality. Many were puzzled by the fact that the Prime Minister never clearly explained what she had done to deserve the demotion. NDP Leader Jagmeet Singh called on the Liberals to support a push at the House of Commons justice committee to look into the allegations that appear to have led to Wilson-Raybould's resignation.

Approximately 800 employees laid off from Activision Blizzard

13 Feb, 2019

The Company kept a record of 754.25 million floated shares and 772.72 million shares outstanding. The stock decreased 7.60% or $3.3 during the last trading session, reaching $40.11. Destiny will be out of the equation because of Bungie's departure - which will reportedly cost Activision Blizzard $400 million in annual revenue might we add - meaning Call of Duty: Black Ops 4 to shore up earnings for its publishers; and could Blizzard finally be leaving Activision? The positive are 50%.

Oil prices lower as inventory build only modest

08 Feb, 2019

The Organization of the Petroleum Exporting Countries and its allies, including Russian Federation, agreed to production cuts effective from last month to beat back supply growth. Production last month declined to 11.38 million barrels per day (bpd), but that was only down by 35,000 bpd from its October 2018 level that is the baseline for the pact.

Venezuela's Guaido challenging Maduro through humanitarian aid

07 Feb, 2019

Roughly 40 countries around the world have backed Guaido, who swore himself in as president in late January contending that as head of the opposition-led National Assembly he is Venezuela's rightful leader because Maduro's re-election previous year was a sham.

Trump Says No Final Deal With China Until He Meets President Xi

01 Feb, 2019

The next round of US-China trade talks will resume Wednesday and Thursday in Washington to try to find a way out of the tariff battle between the two powers. The talks began two days after the United States charged Chinese telecommunications company Huawei Technologies Co Ltd and its chief financial officer, Meng Wanzhou, with conspiring to violate US sanctions on Iran by doing business through a subsidiary it tried to hide.

Venezuela's self-proclaimed president Guiado speaks with Trump

31 Jan, 2019

Venezuela's self-styled leader has called on the Bank of England to block the sale of £1billion in gold to the troubled South American country. Maduro also accused the USA president of ordering a hit on him from Colombia. The protests were called to coincide with an historic date for Venezuelans, the anniversary of the 1958 coup that overthrew military dictator Marcos Perez Jimenez.

United States officially files criminal charges against Huawei executive

29 Jan, 2019

A separate case filed in Washington state charges Huawei with stealing trade secrets from T-Mobile. News of the charges comes just as the White House is making plans for a team of high-level economic advisers to meet a delegation from China later this week to talk trade between the two countries.

'There are consequences': John Horgan addresses arrests at BC anti-pipeline blockade

10 Jan, 2019

On Tuesday, an worldwide day of solidarity with Wet'suwet'en was planned in Canada and across the world . It said protesters were expected to be taken to provincial court in Prince George. The Royal Canadian Mounted Police, Canada's national police force, said 14 people had been arrested late on Monday as officers enforced a court order to remove barriers built along a logging road.

Apple shares drop after news of waning iPhone sales

05 Jan, 2019

The news, which comes as a spotlight grows on Beijing's attempts to revive stalling growth, sent Apple shares tumbling in after-hours trade, hammered Asian suppliers and triggered a broader selloff in global markets. Cook cited several other variable market-specific factors that may be playing into the iPhone sales slump we've been reporting on for weeks now. Greater China, a region that includes the mainland, Hong Kong and Taiwan, accounted for most of the revenue shortfall, but iPhone ...

Apple Says Cheap Battery Swaps To Blame For Wonky Sales

05 Jan, 2019

Although non-phone categories, including the Mac, Apple Watch and iPad, grew 19 per cent worldwide, Cook noted that more than 100 per cent of the company's fourth quarter year-over-year revenue decline occurred due a drop in Chinese sales of iPhones and other Apple product.

Apple shares sink as iPhone sales figures slashed

04 Jan, 2019

The government-reported GDP growth during the September quarter was the second lowest in the last 25 years. In the U.S., the benchmark S&P 500 stock index dropped as much as 1pc after data showed Chinese factory activity contracting for the first time in more than two years, though the index clawed back the losses later in the session.

Markets Right Now: Stocks surge on Wall Street

29 Dec, 2018

After strong holiday sales report from Mastercard on Wednesday, investors will watch for the consumer confidence data due at 10:00 am ET, which is likely to show the index fell to 133.7 in December from 135.7 in the month before. Brent crude, used to price worldwide oils , gained 7.9 percent to $54.47 a barrel in London. Trading volume was lighter than usual following the Christmas holiday.

Markets Right Now: Stocks end miserable week down 7 percent | AP business

23 Dec, 2018

The S&P 500 fell 50 points, or 2.1 percent, to 2,416. The Dow is down 2,273.85 points, or 9.2 per cent. That's the steepest weekly percentage loss since October 2008. For instance, the Nasdaq fell 55.6 percent during its last bear market, which ran from October 31, 2007, to March 9, 2009. Benchmark U.S. crude fell 4.8 percent to $45.88 a barrel in NY, and it has dropped 40 percent since early October.

US Federal Reserve raises lending rate; signals slower pace ahead

22 Dec, 2018

The Fed boosted interest rates up a quarter-point to a range of 2.25 per cent to 2.5 per cent, the highest rate in more than a decade. When the Fed Funds Rate is lowered, it makes cash more easily available and can help strengthen the economy, while an increase of the Fed Funds Rate can cause cash to become more scarce, which can have a detrimental impact on the economy.

Nothing To Stop New States Joining Nuclear Pact: Putin

21 Dec, 2018

He also noted that Western analysts are talking about the possibility of using low-yield nuclear weapons. Putin warned that "there is a trend of lowering the threshold" of using nuclear weapons, adding that "lowering the threshold could lead to a global nuclear catastrophe".

Former NASA engineer gets revenge on porch pirates with glitter bomb

19 Dec, 2018

This is when he decided he would create a device, disguised as an Apple Homepod , that would only be activated when thieves hacked into its surrounding package. The thieves' reactions when they open the boxes are fantastic and mostly very amusing. In keeping with the holiday season, he even drew inspiration from his "hero" and fellow prankster, " Home Alone's " Kevin McCallister , including his name on the box's fake delivery label.

Plane forced to turn around after human heart was discovered onboard

14 Dec, 2018

Once Flight 3606 landed in Seattle , mechanical difficulties forced the already late passengers to reboard to another plane, causing around five hours in delays. Seattle-area hospitals that were contacted said they knew nothing about a possible heart transplant, the newspaper reported. 'You can recover heart valves or skin or bone or corneas, and they could be kept for a longer period of time , ' Newman explained.

Theresa May survives confidence vote

13 Dec, 2018

She will travel to Europe this week for crisis talks with European leaders in an attempt to rescue her deal, despite the EU maintaining it is not willing to reopen negotiations. Some banged the tables in acclamation, but others pressed her on when she would resign. Despite the win, Ms. If her deal is rejected, MPs are set to take more control over the whole process.

Canada-wide tampon recall issued after injuries reported

13 Dec, 2018

Retailers across the US and Canada are pulling some Kotex tampons off store shelves after Kimberly-Clark recalled the product, citing multiple complaints of it unraveling, prompting some to seek medical attention to remove tampon pieces left in their bodies.

United States legal pot action grows as tobacco giant buys into Cronos

10 Dec, 2018

Over this past year, Altria's stock (NYSE:MO) has fallen almost 5%, but its shares rose 25% Friday after this news was released and Cronos (NASDQ:CRON ) rose 30%. Coca-Cola CEO James Quincey said last October that the company did not have any plans to develop a CBD-infused drink in the near future. Coke's archrival Pepsi (PEP ) hasn't completely ruled out a move into cannabis.

Police in Paris detain 320 people ahead of 'yellow vest' protest

09 Dec, 2018

Toughening security tactics, French authorities deployed 8,000 security officers in the capital alone, among the 89,000 who fanned out around the country. "Now we await Mr Macron". The government later scrapped the plan but the yellow vest protesters were not placated. He pointed out that this is the fourth week of protests, and they only appear to growing in size and intensity.

China 'confident' it can reach U.S. trade deal

07 Dec, 2018

Trump tweeted early Wednesday that Beijing is sending "very strong signals" about a new trade framework since returning from talks over the weekend in Buenos Aires. On Tuesday, he said US Trade Representative Robert Lighthizer would lead the talks to see "whether or not a REAL deal with China is actually possible".

France dangles wealth tax review as 'yellow vest' anger persists

06 Dec, 2018

Paris prosecutor Remy Heitz said that among the protesters were people from across the country who had descended upon Paris with the express intent of causing trouble. "It's a first step, but we will not settle for a crumb", Benjamin Chaucy, one of the leaders of the protest, told Al Jazeera . "Trump also retweeted a false claim from American conservative student activist Charlie Kirk that said: "'We want Trump' being chanted through the streets of Paris ".

Global shares jump on US-China trade 'truce'

06 Dec, 2018

Trump expressed optimism that, based on his and Xi's friendship, the two sides would be able to hammer out an agreement that would prevent USA tariffs on Chinese imports from a scheduled increase in January. faces new strains over trade. However, the losers of the 10% trade tariff imposed on Chinese goods are American farmers who have been hurt by reduced Chinese imports of soybeans and other products.

Fed minutes: Further hike "warranted soon", debate opened on pause

01 Dec, 2018

Federal Reserve officials signalled they're adopting a more flexible approach in their gradual interest-rate increases after a likely December hike, as they try to sustain a USA expansion that may become the longest on record next year. The US central bank has been on a hiking path, raising the US benchmark rate about once every three months. But minutes from the Fed's November 7-8 policy-setting meeting, released on Thursday, as well as remarks over the last two weeks, point to a ...

GM Cuts Jobs and Production, Canceling Some Car Models

28 Nov, 2018

Mr Trump separately told the Wall Street Journal that GM should stop making cars in China and make them in the United States instead. However, that subsidy ends after 200,000 electric vehicles are sold by a company. "They say the Chevy Cruze is not selling well". Those five plants now build cars that won't be sold in the USA after 2019, so they could close or get different vehicles to build.

Woman who lost fiancé in Lion Air crash takes wedding photos alone

17 Nov, 2018

USA aviation safety experts and pilots associations say Boeing didn't tell them about a new flight-control system on 737 MAX aircraft, a sensor which Indonesian officials think could be involved in the deadly Lion Air crash . "Safety remains our top priority and is a core value for everyone at Boeing", the company said. Boeing's financial guidance is "at risk after it delivered only 57 airplanes and 43 737s in October", compared to the 72 737s per month the company needs to meet its ...

‘MAKE FRANCE GREAT AGAIN!’: Trump Goes Ballistic, Attacks Macron, Mocks France

15 Nov, 2018

Rather, as the French leader made clear in an interview with CNN , Macron believes European nations should increase their defense spending, in order to more equitably share the burden of funding North Atlantic Treaty Organisation, precisely as Trump has requested - he just doesn't want to invest that new spending in American munitions.

Democrats fight to win control of the House in 2018 midterms

07 Nov, 2018

Trump asked the crowd on Monday, referring to a group of Central American migrants moving through Mexico toward the US border. I don't think Americans care about style. Heyman listed the ban against some Muslim travellers , introduced days into Trump's presidency, and migrant children separated from their parents at the border, as well as misogynistic language that surfaced during Trump's presidential campaign , to explain his own strong language and expectations for how the day will ...

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