Business

Business Trump ready for United States shutdown to last 'for years'
Author: 0 Trump ready for United States shutdown to last 'for years'

House Speaker Nancy Pelosi and other congressional leaders from both sides of the aisle are negotiating with Mr Trump on Friday morning. "We have to wait and see what happens with the Mueller report ", she told NBC's Today on Thursday, referring to special counsel Robert Mueller's investigation into alleged collusion between Trump and Russian Federation.

Business McDonald's customer charged with battering workers
Author: 0 McDonald's customer charged with battering workers

As per the report, the law took effect just last January 1 and prohibits restaurants from having straws available in the open in the hopes of completely banning them by 2020. She says after seeing how the man reacted, she thinks he needs help. He told The Miami Herald that her quick thinking led to the suspect's arrest.

Business Cathay Pacific allows passengers to keep mistaken discount overseas fares
Author: 0 Cathay Pacific allows passengers to keep mistaken discount overseas fares

An airline that accidentally priced a luxury flight from Vietnam to New York City at an egregious $15,000 discount has made a decision to honor the tickets purchased at the fare. It continued to struggle with the rise of cheaper mainland Chinese rivals, losing $33 million in the first six months of the year. Regis Cheung, who bought three round tickets from Vietnam to NY and one to Vancouver for around $800 each, welcomed Cathay's move.

Business Minimum wage goes up in Ohio
Author: 0 Minimum wage goes up in Ohio

In Missouri and neighboring Arkansas, voters in November overwhelmingly approved a minimum-wage increase, which directly affects about 1 million workers. Advocates credit the trend toward higher minimum wages to the "Fight for $15", a national movement that has used protests and rallies to push for higher wages for workers in fast food, child care, airlines and other sectors.

Business Apple cuts revenue forecast on weak iPhone sales in China, emerging markets
Author: 0 Apple cuts revenue forecast on weak iPhone sales in China, emerging markets

Apple issued a press release on Wednesday to announce it would be lowering revenue guidance for its first fiscal quarter, which ended in December. The flagship product earns Apple about two-thirds of its revenue, and allows the company to generate more money from attached products like Apple Watches, AirPods, and services like Apple Music.

Business Tesla delivers record number of vehicles, cuts prices by US$2,000
Author: 0 Tesla delivers record number of vehicles, cuts prices by US$2,000

The move will partly offset the expiration of a $7,500 federal tax credit for electric vehicle purchases that will be phased out this year. The Palo Alto, California, company's 2018 sales included nearly 146,000 Model 3 lower-priced cars and another 99,000 of the more expensive Model S sedan and Model X SUV.

Business Trump says `big progress being made' with China after Xi call
Author: 0 Trump says `big progress being made' with China after Xi call

Trump added: "Deal is moving along very well". Lardy believes that the way out is for each side to compromise, but he said it won't be easy, due to domestic reasons in both countries. In the message cited by the Xinhua news agency, the Chinese president said next year would mark the 70th anniversary since the two nations established diplomatic relations.

Business New Year's Day Mega Millions jackpot climbs to $415 million
Author: 0 New Year's Day Mega Millions jackpot climbs to $415 million

No one won the jackpot in a Mega Millions lottery drawing Friday night. This is the fifth time there's been a Mega Millions drawing on New Year's Day, but there's only been one New Year's victor. A lucky victor could kick off the New Year with a big payday. One winning ticket was sold for that drawing, but the lucky SC buyer still has not come forward , Mega Millions confirmed in a press release.

Business Prices rise as the minimum wage increases in several states
Author: 0 Prices rise as the minimum wage increases in several states

For some NY workers, the final phase of the state's minimum wage increase will take effect on Monday, Dec. 31. "But it's motivated many of them to accept that we need higher minimum wages than we now have in much of the country". "It's been a long time since we've raised the federal minimum wage, and if Congress isn't going to do it, state lawmakers are feeling compelled to do it, and even local lawmakers", said David Cooper, senior economic analyst at EPI, a left-leaning research group.

Business Rapid City Kmart to close their doors in 2019
Author: 0 Rapid City Kmart to close their doors in 2019

The company's future remains very much in doubt. The company says these closures are in addition to the shutdown of 40 unprofitable stores expected to be completed in February. Sears had limited success selling its assets. Reuters and CNBC reported Lampert's bid earlier Friday evening. Since filing for bankruptcy, the retailer has announced plans to close more than a third of its locations.

Business Sears faces liquidation if Lampert can't secure financing
Author: 0 Sears faces liquidation if Lampert can't secure financing

ESL is the only party offering to buy Sears as a whole, people familiar with the situation told CNBC . The closures include Sears stores in the Rockford suburb of Cherry Valley and in downstate Fairview Heights, near St. The deadline to buy Sears Holdings out of Chapter 11 Bankruptcy is at 3 p.m. Friday. Sears had limited success selling its assets. Spokespeople for Sears and Lampert declined to comment Thursday.

Business US stocks surge in best rally since March 2009
Author: 0 US stocks surge in best rally since March 2009

At its lowest, the Dow Jones Industrial Average was down 611 points. The S&P 500 came within 2 points of falling 20 percent from its late-September closing high , a threshold commonly used to define a bear market . The downturn that began in October has intensified this month, erasing all of the market's 2018 gains and nudging the S&P 500 closer to its worst year since 2008.

Business NECA says FG’s delay in implementing the new minimum wage is counter-productive
Author: 0 NECA says FG’s delay in implementing the new minimum wage is counter-productive

Early effects of ballot measures passed in Missouri and Arkansas are expected to raise the minimum wage from $7.85 an hour to $12 an hour and $8.50 an hour to $11 an hour, respectively, by 2021. More than 40 cities, half of them in California, have implemented their own minimum wages, reflecting the increasing costs of living in numerous country's most economically dynamic areas.

Business Govt toughens norms for e-commerce firms, bars exclusive deals
Author: 0 Govt toughens norms for e-commerce firms, bars exclusive deals

When you're not in the mood to courageous the holiday crowd - or maybe you're just feeling lazy - online shopping offers an easy, not to mention efficient, reprieve. Appario Retail, a joint venture between Amazon Asia Pacific Holding and the Patni group, is also an exclusive seller on Amazon India . On his turn, Amazon India spokesperson said, "We are evaluating the circular".

Author: 0 CenturyLink outage that affected Arizona customers continues Friday

The company said in a statement Thursday that its network was "still experiencing a disruption" and that it was working to restore services. However, this technical issue was different from others because CenturyLink is one of the main providers of internet and telephony connections to numerous US' 911 emergency call centers.

Business White House Economic Adviser Claims Fed Chief's Job Is Safe
Author: 0 White House Economic Adviser Claims Fed Chief's Job Is Safe

Speaking to reports at the Oval Office on Tuesday, he said the central bank is hiking rates because they think the economy is so good. Multiple outlets reported Saturday that Trump had vented his frustrations about Powell and had privately expressed a desire to fire him.

Business Amazon Alexa doing bad with it users
Author: 0 Amazon Alexa doing bad with it users

The company also said that tens of million people started an Amazon Prime trial or subscription this holiday season in order to take full advantage of the free, fast, and last minute shipping options. Other Amazon devices that sold well were the Fire TV Stick 4K and the regular Echo. Amazon Storytime also saw a rise in popularity. At the same time, Amazon said more than 50 percent of items sold in its stores came from small and medium-sized businesses.

Business Oil prices drop as glut, economy concerns drag
Author: 0 Oil prices drop as glut, economy concerns drag

Brent crude oil futures had yet to trade. Meanwhile, US standard West Texas Intermediate (WTI) fell around half a per cent this morning to $45.96, after an 8.7 per cent rise yesterday. "But market confidence needs to be restored for oil price.that include an equity market rebound and/or a bigger production cut from major oil exporters", Yang said, referring to an OPEC-led agreement to lower output from next month.

Business Australian shares lift sharply after Dow Jones' 1,100-point rebound
Author: 0 Australian shares lift sharply after Dow Jones' 1,100-point rebound

The Dow Jones Industrial Average surged nearly 700 points and the Nasdaq Composite jumped 4%. The S&P 500 also soared 4.9 percent. The Nasdaq Composite is up 2.5 percent at 6,349. Trump has been complaining for months about Fed monetary policy, claiming rising interest rates are putting a brake on his economic plans. The S&P.SPX was up 24.41 points, or 1.04 percent, at 2,375.51, at 11:37 a.m.

Business Demand for Tesla’s Model 3 expected to remain strong in 2019
Author: 0 Demand for Tesla’s Model 3 expected to remain strong in 2019

Under a tax incentive structure approved by Congress in December 2017, the first 200,000 customers to buy Tesla vehicles are eligible for a $7,500 rebate. Tesla customers who take delivery between January 1 and June 30, 2019, will receive a $3,750 tax credit and those who take delivery between July 1 and December 31, 2019, will receive $1,875.

Business Chuck Schumer doesn't deserve a pass for government shutdown
Author: 0 Chuck Schumer doesn't deserve a pass for government shutdown

Speaking by video conference to members of all five branches of the USA military, he said, "I want to wish everybody a really Merry Christmas , a Happy New Year". The Democratic leadership's ideological belief in essentially an "open borders" policy and the desire to deny the president nearly anything he seeks was underscored last week by Senate Democratic leader Chuck Schumer's declaration that the impasse will not end until Republicans throw in the towel on "the wall".

Business Christmas Mega Millions jackpot climbs to $321 million
Author: 0 Christmas Mega Millions jackpot climbs to $321 million

Tuesday's Mega Millions jackpot was a gift that could even impress Santa himself. Was anyone lucky enough to win the jackpot? The odds of hitting the jackpot are one in 302.6 million. The jackpot for Mega Millions now stands at about 321 million dollars, and 294 million for Powerball. "Please keep it in a safe place until you're ready to present your winning ticket at one of our Lottery offices".

Business Oil slumps to lowest in a year as stock markets sink
Author: 0 Oil slumps to lowest in a year as stock markets sink

Oil prices fell on Friday to their lowest since the third quarter of 2017, heading for losses of more than 10 per cent in a week, as global oversupply kept buyers away from the market ahead of holidays over the next two weeks. "The bear fest continues", said Stephen Brennock, analyst at London brokerage PVM Oil . Meanwhile, investors remain skeptical that cuts agreed by OPEC and its allies are sufficient to avert a looming oil glut.

Business Not very merry: US stocks plunge before Christmas
Author: 0 Not very merry: US stocks plunge before Christmas

IXIC ) is also now 22 percent below the record it reached in August, launching it into a bear market . After a pause in trading for the holiday, US markets reopen Wednesday. Bloomberg News, citing four sources familiar with the situation, reported that Trump had privately discussed firing Powell in recent months. "They're raising interest rates too fast", Trump said of the central bank.

Business Donald Trump fails to diminish girl's belief in Father Christmas
Author: 0 Donald Trump fails to diminish girl's belief in Father Christmas

She said that after the phone call was over, she and her family had wondered about the president's family and what they would be doing for Christmas. The people of San Diego wanted the wall built, he asserted, adding, "People were walking through Mexico right into San Diego, right over people's front lawns by the hundreds, by the thousands".

Business Which stores are open on Christmas?
Author: 0 Which stores are open on Christmas?

Along with their Christmas Dinner On The Go , most Cracker Barrels will be open on Christmas Day 2018. The Eastwood Mall closes Christmas Eve at 6 p.m. Even in today's mile-a-minute world , most businesses will close down or at least cut their hours short. Kohl's will close it's doors at 6 p.m. on Christmas Eve and will remain closed on Christmas after being open around the clock since December 21st for its marathon holiday sales campaign.

Business Dollar Store Christmas 2018: Family, Tree & General Hours
Author: 0 Dollar Store Christmas 2018: Family, Tree & General Hours

Boxing Day deals at Marks & Spencer will go live online at midnight on Christmas Day , with the high-street stalwart offering up to 50% off for shoppers a year ago. The last few days before Christmas were frantic, Ipsos Retail Performance said, with 27.4% more trips were made to non-food stores in the United Kingdom on Christmas Eve this year compared to last.

Business Jennie-O raw ground turkey products recalled due to possible Salmonella contamination
Author: 0 Jennie-O raw ground turkey products recalled due to possible Salmonella contamination

The recalled products have the tag P-579 marked on the lower left corner of the front of the package , the FSIS said. 85% lean Ground Turkey with a use by or freeze by date of 11/12/18. Anyone with the recalled ground turkey products should discard it or return it to the place of purchase for a full refund. Canadians across the country are reminded to always handle raw turkey and raw chicken carefully, and to cook it thoroughly to prevent food-related illnesses like Salmonella .

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