Economy


Dublin Airport Suspending ALL Flights Until Saturday Dublin Airport Suspending ALL Flights Until Saturday
- March 04, 2018

Following the announcement of an extended red alert weather warning for Leinster and Munster, Dublin Airport has confirmed in a statement that there will be no flights going to or from the Airport on Friday. There is no public transport operating between the airport and Cork City and taxis are in low supply. "Amber weather warnings remain in place and the safety of our passengers and our staff is our priority". (more...)
Tiger Woods makes exciting announcement ahead of The Masters Tiger Woods makes exciting announcement ahead of The Masters
- March 04, 2018

Innisbrook became part of the PGA Tour schedule in 2000. It will be the first time Woods has played the Valspar tournament, but it looks like Tiger is serious about getting himself properly ready for another Masters challenge. He missed the cut at Riviera, where he never won even at his best. "I need to keep building on it", Woods said. That was the goal when I first came back - try and get everything situated for April. (more...)
Thousands of Jobs at risk - Toys R Us Going into Administration Thousands of Jobs at risk - Toys R Us Going into Administration
- March 04, 2018

As heavy snow batters the country, it's been a chilling morning for the high street: the United Kingdom division of toy retailer Toys R Us went into administration today, threatening 3,000 jobs in Britain. Toys R Us has been struggling since September 2017 when its United States owner filed for bankruptcy protection and managed to avoid administration. (more...)
Uber ride costs passenger $1635 Uber ride costs passenger $1635
- March 03, 2018

Bachman told NJ.com that he accidentally ordered an UberXL - a more expensive option to the typical UberX vehicle - and that he stayed in the van after he woke "because what am I, just going to get dropped off on the side of the road?" A drunk man hailed an Uber near West Virginia University last weekend. (more...)
Dollar Mixed As Investors Consider Powell's Comments Dollar Mixed As Investors Consider Powell's Comments
- March 03, 2018

US benchmark 10-year Treasury notes last rose 15/32 in price to push yields lower to 2.8114 percent but are still near four year highs. The Dow was down 470 points, or 19 percent, at 24,554. Treasury yields rose Tuesday and the Standard & Poor's 500 index slid to its first loss in four days after the head of the Federal Reserve said he's feeling more optimistic about the economy. (more...)
Oil up on strong demand, Saudi comments Oil up on strong demand, Saudi comments
- March 02, 2018

USA crude oil production has risen by a fifth since mid-2016 to more than 10 million bpd. "Our view is demand will be strong enough, but we don't see a big breakout", said Natixis oil analyst Joel Hancock, adding he expected a price in the range of US$60 to US$70 this year. (more...)
Thursday forecast: Sunny and seasonal Thursday forecast: Sunny and seasonal
- March 02, 2018

Tomorrow sunny skies with highs warming up to around 60 with southeasterly winds gusting around 25mph. High temperatures will be cooler and in the mid 40s on Friday . The rain chances are up on both days, and so it's best to be prepared for some rain and have your umbrella. The sky will clear quickly tonight , and temperatures will drop into the mid 40s. (more...)
These are my highlights from Warren Buffett's annual letter These are my highlights from Warren Buffett's annual letter
- March 02, 2018

As Mr Buffett says: "Wall Street prospered ... many investors experienced a lost decade". And he estimated the chances of a "mega-catastrophe" this year - one causing losses of at least $400 billion - at 2%. Buffett revealed in his letter that Berkshire was sitting at year end on a $7.25 billion paper profit on what has become a 3.3% stake in the iPhone maker, worth $28.2 billion. (more...)
Chennai: PM Modi launches Amma Scooter Scheme on Jayalalithaa's birth anniversary Chennai: PM Modi launches Amma Scooter Scheme on Jayalalithaa's birth anniversary
- February 26, 2018

Modi symbolically handed over the keys and registration certificates of two wheelers to five women on the occasion, reports PTI. "These initiatives will go a long way in empowerment of women and protection of nature", Modi said. At least 70 lakh saplings will be planted across Tamil Nadu to commemorate the 70th birth anniversary of Jayalalithaa . "After the National Democratic Alliance (NDA) came to power, this state received Rs 1,80,000 crore under the 14th Finance Commission". (more...)
Companies cut ties with NRA after Florida school shooting Companies cut ties with NRA after Florida school shooting
- February 25, 2018

First National Bank, which ran what was termed the "official credit card" of the NRA, offered discounts, rewards and a bank card co-branded with the rifle association. ThinkProgress noted that First National Bank offered two NRA cards, each with a $40 bonus, and touted it as "enough to reimburse your one-year NRA membership! ". (more...)
Millions of BB&T customers affected by outage Millions of BB&T customers affected by outage
- February 25, 2018

Our online and mobile banking platforms are now available along with our automated Phone24 service and ATMs. It continued, "To our clients, we are deeply sorry this has happened". BB&T says they'll work with customers on any fees or issues experienced due to the outage once their systems come back online. It also said its locations that are usually open Saturday will stay open for two hours longer to address any customer needs. (more...)
Mueller Brings More Charges Against Manafort, Gates Mueller Brings More Charges Against Manafort, Gates
- February 23, 2018

Manafort and Gates both pleaded not guilty after their indictment last fall. Manafort did consulting work for the pro-Russian Ukrainian political party the Party of Regions and other related clients between 2006 and 2015, according to the indictment. (more...)
Safeway owner Albertsons eyes Rite Aid deal in health care push Safeway owner Albertsons eyes Rite Aid deal in health care push
- February 23, 2018

Those transfers include 96 stores in Maryland, which, like the other transferred stores, will take on the Walgreens banner over time, said Rite Aid spokeswoman Ashley Flower on Tuesday. Albertsons is a private company, but once the share exchanges are complete, almost 393 million outstanding shares will be traded on the New York Stock Exchange, the news release states. (more...)
PM inaugurates UP Investors Summit PM inaugurates UP Investors Summit
- February 22, 2018

Prime Minister Narendra Modi has arrived in Lucknow today to inaugurate the two-day Uttar Pradesh Investors' Summit, which is being attended by around 5,000 people, including industry leaders from India and overseas, chief ministers, union ministers, policy makers and academics. (more...)
AT&T Announces Dallas, Atlanta, Waco as the First Cities to Get 5G AT&T Announces Dallas, Atlanta, Waco as the First Cities to Get 5G
- February 22, 2018

AT&T said Dallas , Waco and Atlanta will be among a dozen cities where the carrier will deploy 5G-based mobile services by the end of 2018. "Our mobile 5G firsts will put our customers in the middle of it all", Elbaz said. The telecom giant said parts of Atlanta , Dallas and Waco , Texas, would see the service by the end of the year. The race to 5G is competitive, as rival Verizon also plans on rolling out 5G networks in the near future as well. (more...)
Amazon Makes Whole Foods More Rewarding for Prime Members Amazon Makes Whole Foods More Rewarding for Prime Members
- February 21, 2018

Everywhere else you will get one percent back. In January, Amazon and Chase launched the rewards card, which also gives Prime members 5 percent cash back on all Amazon.com purchases, 2 percent cash back at restaurants, gas stations, and drugstores, and 1 percent cash back on all other purchases. (more...)
Oil Markets Mixed On Lower Canadian Flows, Firmer Dollar Oil Markets Mixed On Lower Canadian Flows, Firmer Dollar
- February 21, 2018

The dollar steadied against a basket of currencies on Wednesday, having pulled up from three-year lows set last week as traders shaved off some of the bearish bets against the U.S. Traditionally, all eyes have been fixated on China and the pace of its oil demand and imports growth, but lately India has grabbed global attention after its oil imports rose to record highs amid strong economic growth and fuel demand. (more...)
Sony to Form Alliance to Build Taxi-Hailing System Sony to Form Alliance to Build Taxi-Hailing System
- February 20, 2018

The company's ride-sharing service, one of Uber's key operations that involves private vehicles, has been challenged by Japanese regulations, while being allowed only in limited locations - some rural areas in Hokkaido and Kyoto Prefecture. (more...)
White House Holds Meeting to Discuss Aluminum and Steel Trade Actions White House Holds Meeting to Discuss Aluminum and Steel Trade Actions
- February 17, 2018

Trump instructed the Commerce Department previous year to probe whether imports of steel and aluminum represent a threat to USA national security. Additionally, no country will be able to export more than of 86.7 percent of the amount of aluminum they sold to the U.S.in 2017, Axios says . (more...)
FCC inspector general investigating chairman over Sinclair FCC inspector general investigating chairman over Sinclair
- February 17, 2018

A spokesman for Representative Frank Pallone, a Democrat on the House Energy and Commerce Committee, said the inspector general's probe is on the actions of Federal Communications Commission chairman Ajit Pai. In November, Pai's office told Ars that the request for an investigation "appears to be part of many Democrats' attempt to target one particular company because of its perceived political views". (more...)
Billionaire tech investor Peter Thiel relocating businesses, self to LA Billionaire tech investor Peter Thiel relocating businesses, self to LA
- February 16, 2018

Thiel "has grown more disaffected by what he sees as the intolerant, left-leaning politics of the San Francisco Bay Area, and increasingly pessimistic about the prospects for tech businesses amid greater risk of regulation", people familiar with the situation told the Journal . (more...)
IEA: US could lead non-OPEC oil production in 2018 IEA: US could lead non-OPEC oil production in 2018
- February 16, 2018

U.S. production "will soon overtake that of Saudi Arabia " and "by the end of this year it might also overtake Russian Federation to become the global leader", the IEA said. Oil producers led by Saudi Arabia and Russian Federation aim to draft an agreement on a long-term alliance by the end of this year, United Arab Emirates energy minister Suhail al-Mazroui told the local National newspaper on Thursday. (more...)
Sterling rises after United Kingdom inflation beats expectations Sterling rises after United Kingdom inflation beats expectations
- February 14, 2018

Another London-based agent, James Cameron of Vesper Homes, says the uplift in first-time buyers seen previous year is no surprise. The yield on 10-year Treasuries rose to 2.86 percent, while US stock futures fell, as the figures renewed investor concerns that the Federal Reserve will raise interest rates at a faster pace than anticipated. (more...)
US Won't Engage In Syrian Civil War - Mattis US Won't Engage In Syrian Civil War - Mattis
- February 12, 2018

The coalition's counter-attack killed more than 100 regime forces, Reuters reported , but a Syrian commander said that only seven were killed and 27 were injured. "You've all seen how we reacted to that", Mattis said, referring to last year's cruise missile strikes. Pro-Syrian government fighters had alleged tried to take and area that is being controlled by the SDF forces east of the River Euphrates since it liberated the region from the Islamic State in September 2017. (more...)
Toyota TRD Pro line gets new shocks and accessories Toyota TRD Pro line gets new shocks and accessories
- February 11, 2018

The three come with 2.5-inch TRD Pro-exclusive Fox Internal Bypass shocks, but each are specifically tuned to suit the individuality of each by Toyota Racing Development engineers. That vehicle has Entune Premium JBL audio with a subwoofer and integrated NAV. The snorkel is not meant to allow the Tacoma TRD Pro to travel under water, but as anyone with an internet connection knows, that is what makes the best videos. (more...)
Trudeau says he shouldn't make stupid jokes in public Trudeau says he shouldn't make stupid jokes in public
- February 11, 2018

Trump's tough talk about trade deals and immigration changed the political climate in the United States. 'One of your most infamous Chicagoans, Al Capone , who was as effective an importer of Canadian goods into the USA as anyone, once pointed out he didn't even know what street Canada was on'. (more...)
18 killed in deadliest Hong Kong bus crash since 2003 18 killed in deadliest Hong Kong bus crash since 2003
- February 11, 2018

Footage from the scene showed firefighters cutting through the windows and roof to free dozens of trapped passengers. The paper reports that 37 people were taken to 12 different hospitals, while there are efforts ongoing to rescue two more people stuck on the bus. (more...)
Wendy Williams on Omarosa spilling Trump tea: 'Keep it coming!' Wendy Williams on Omarosa spilling Trump tea: 'Keep it coming!'
- February 10, 2018

Check out Colbert's reaction in the clip above . When she proposes a welcome toast in the first episode , she admits in voiceover that her Cheshire cat smile is a facade. "I believe you ", Colbert said. Asked whether the nation should be concerned about the administration, she nodded, adding, "it's going to not be OK". (more...)
Qualcomm rejects Broadcom's 'best and final' takeover bid Qualcomm rejects Broadcom's 'best and final' takeover bid
- February 10, 2018

In a letter to Broadcom's CEO, Qualcomm outlined a number of questions it wants answered in talks with Broadcom, including whether this is really the company's "final" price, or could it pay more than United States dollars 82 per Qualcomm share. (more...)
Graphic Chip Demand Grows Nvidia Sales By 34% Graphic Chip Demand Grows Nvidia Sales By 34%
- February 09, 2018

Granite Point Capital Management Lp bought 9,100 shares as the company's stock rose 26.83% with the market. The institutional investor held 11,340 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.10M, up from 2,833 at the end of the previous reported quarter. (more...)
BC wine ban not good for business BC wine ban not good for business
- February 09, 2018

Horgan, speaking at a news conference in Victoria, said that he has spoken with Notley and Justin Trudeau and expressed that he is keeping his province's best interests at heart. Morgan says he will have no problem making the ban permanent, if it comes to that. The B.C. side is expected to lay out the Horgan government's rationale for its proposed move against Alberta oil. (more...)
Disney's ESPN streaming service will launch this spring, costing $4.99 Disney's ESPN streaming service will launch this spring, costing $4.99
- February 09, 2018

Facing lower ad revenue and lagging membership, ESPN will launch in the coming months a paying streaming service, Disney CEO Bob Iger said Tuesday. Iger is also enthused about the next Marvel movie, Black Panther , which has been getting strong word of mouth and praise from critics. Both streaming direct-to-consumer products will be powered by BAMTech . (more...)
36 indicted in global cybercrime ring that stole $530M 36 indicted in global cybercrime ring that stole $530M
- February 09, 2018

Law enforcement agencies around the world have shut down what they claim was one of the world's biggest cyber crime rings, behind as much as $530 million in consumer losses across the world. Founded in 2010 by Ukranian Svyatoslav Bondarenko, Infraud operated in the form of a message board, with people buying and selling credit card details, US Social Security numbers, birthdays, and passwords from internet users all over the world. (more...)
Tesla losses spike as it fights to ramp up Model 3
- February 08, 2018

The Palo Alto firm reported a $675 million quarterly loss attributable to shareholders - higher than the $627 million forecast by Wall Street analysts. But he also said the company had learned many invaluable lessons from the troubles, and made major strides in efficiencies along the production lines. (more...)
Pentagon unveils policy focused on deterring Russian Federation with smaller nukes Pentagon unveils policy focused on deterring Russian Federation with smaller nukes
- February 04, 2018

The review clarifies the USA will use nuclear weapons only in "extreme circumstances", but those circumstances could include "significant non-nuclear strategic attacks". Paul J. Selva, vice chairman of the Joint Chiefs of Staff. The U.S. report , which is largely in line with the 2010 review done by the Obama administration, reaffirms commitments to non-proliferation treaties but emphasizes the need to enhance capabilities to match with Russian Federation, showing supports for U.S. (more...)
Militants in Syria Down Russian Fighter Jet, Kill Pilot Militants in Syria Down Russian Fighter Jet, Kill Pilot
- February 04, 2018

A Russian fighter jet was shot down over a rebel-held area near the city of Idlib in northern Syria , the Syrian Observatory for Human Rights reported . Syrian soldiers and Iranian-backed militiamen were now around 12 kilometres from Saraqeb, advancing towards the Damascus-Aleppo highway under cover of heavy Russian air strikes, two opposition sources said. (more...)
Iranian women take off headscarves to protest hijab Iranian women take off headscarves to protest hijab
- February 03, 2018

A second woman has reportedly been arrested in Iran for protesting against the country's compulsory hijab rules after standing on a telecoms box on a Tehran street, taking off her headscarf and holding it aloft on a stick. In December 2017, 31-year-old protestor identified as Vida Movahed took off her headscarf on the same street. "Women show their opposition to such forceful approaches by their very clothing, from resisting covering their hair to wearing long boots and leggings", she ... (more...)
The black unemployment rate spiked in January, muddling Trump's message The black unemployment rate spiked in January, muddling Trump's message
- February 03, 2018

From January to December 2017, the unemployment rate among black Americans fell 1 percentage point. Trump's State of the Union address was not the first time he touted the low African-American unemployment rate. "It's not about money at the end of the day", he said. The CBC chairman also leveled the charge made by lawmakers and economists alike that Trump is just riding the economic wave that began during President Barack Obama's tenure. (more...)
Oil prices sink as U.S. stock market slumps and dollar strengthens Oil prices sink as U.S. stock market slumps and dollar strengthens
- February 02, 2018

The danger is that OPEC overshoots on tightening the market, which could exacerbate the backwardation in prices, prolong the rally in near-term prices, and ultimately erode demand. The UN Security Council and the International Atomic Energy Agency (IAEA) in turn have confirmed that Iran complies with its obligations under the deal. (more...)
Stocks fall sharply as sell-off continues Stocks fall sharply as sell-off continues
- February 02, 2018

Boeing helped the industrials sector increase 1.09 percent, the most among the 11 major S&P sectors. The Dow Jones industrial average added 72.50 points, or 0.3 percent, to 26,149.39. The CBOE Volatility Index, a near-term gauge of investor anxiety, reached a high of 13.23 on Monday , its highest level since December 1. The Standard & Poor's 500 index rose 15 points, or 0.6 percent, to 2,837. (more...)
Bon-Ton closing two Lehigh Valley stores Bon-Ton closing two Lehigh Valley stores
- February 01, 2018

The plan does not identify the stores likely to close. Bon-Ton is one of the large anchors at the mall, at 80,000 square feet. Bon-Ton Spokeswoman Christine Hojnacki did not return phone calls or emails. The company says closing the stores is all in part of their store rationalization program. The Fox River Mall store location first opened as H.C.Prange's in 1986. (more...)
Thomson Reuters in talks with Blackstone Thomson Reuters in talks with Blackstone
- January 31, 2018

Thomson Reuters said in a statement that "it is in advanced discussions with Blackstone regarding a potential partnership in its F&R business". The Canada Pension Plan Investment Board declined to comment. Blackstone, which already has business relationships with most of the major banks on Wall Street, bought a small financial information business, Ipreo, in 2014. (more...)
Pierre Agnes: Quiksilver surfwear boss missing at sea Pierre Agnes: Quiksilver surfwear boss missing at sea
- January 31, 2018

Agnes sent a message to port authorities indicating that he was delaying his return because of thick fog. French authorities have deployed boats and helicopters after Pierre Agnes' 11-metre Mascaret III speedboat was found on the beach on Tuesday in nearby Hossegor . (more...)
Peacock pouts after United Airlines rejection Peacock pouts after United Airlines rejection
- January 31, 2018

Delta announced changes to its support animal policy January 19 after reporting an 86 percent increase in animal-related incidents like urination, aggression, and biting on its flights since 2016. "We are reviewing our existing policy and plan to share more soon", the spokesperson said, which means that a Delta-like crackdown is in the wings. (more...)
Facebook steps up privacy education, shares 'privacy principles' for first time Facebook steps up privacy education, shares 'privacy principles' for first time
- January 30, 2018

Facebook is bracing for new regulations created to help Europe's 500 million consumers take back some control over how online businesses use their personal information. "We recognise that people use Facebook to connect, but not everyone wants to share everything with everyone - including with us". For the first time ever, Facebook shared its Privacy Principles with its users in order to reach them with enhanced clarity. (more...)
Elon Musk just made more than $6 million selling flamethrowers Elon Musk just made more than $6 million selling flamethrowers
- January 30, 2018

Musk announced as a joke that the company would start selling flamethrowers if The Boring Company was able to sell more than 50,000 baseball caps. Safest flamethrower being a relative term, you can also supposedly order a fire extinguisher with it. (more...)
Hayes crash: Man charged after triple death vehicle crash Hayes crash: Man charged after triple death vehicle crash
- January 29, 2018

They said they are sure that anyone who knows the man will know him as they appealed for information on the "tragic" incident. Meanwhile the suspected driver was taken to a west London hospital for treatment and subsequently transferred to a north London police station where he remains in custody. (more...)
Bombardier wins battle over punitive tariffs Bombardier wins battle over punitive tariffs
- January 28, 2018

Commerce Department will not collect a penalty from Bombardier. Still, the surprise verdict by a panel of nonpartisan government experts is likely to have little impact on the president's plans to erect other barriers against what he regards as unfair trade. (more...)
Draghi Warns Of Euro Risks, Hits Back At US On Currency Talk Draghi Warns Of Euro Risks, Hits Back At US On Currency Talk
- January 28, 2018

The jobless rate is expected to remain at 4 percent in November. Aaron Kohli, rates strategist at BMO Capital Markets in NY, expects the seven-year rate to come slightly higher than the expected level at the bid deadline, suggesting a little more tepid demand than usual for this type of maturity. (more...)
Dow hits record on Intel earnings Dow hits record on Intel earnings
- January 28, 2018

For the week, the Dow rose 2.08 percent, the S&P 500 gained 2.22 percent and the Nasdaq advanced 2.31 percent. The company's stock rose 1.89 percent and closed at 252.36 US dollars per share. For the week, the MSCI index was up 2 per cent. The Russell 2000 is up 4.04 points, or 0.3 percent. Starbucks dropped 4.23 per cent after it warned 2018 global cafe sales growth would be at the low end of its forecast. (more...)