Economy

Economy Dow Jones closes above 26000 today
Author: 0 Dow Jones closes above 26000 today

The S&P 500 has been rising so quickly, it has already topped or matched some of the Wall Street analyst's year-end 2018 targets, The median target is now 2,975 for year-end, about a 6 percent gain from current levels. Goldman Sachs was down 2.2 percent after posting its first quarterly loss in six years on tax-related charges and a sharp drop in trading revenue. Bank of New York Mellon fell 4.1 percent after the custodian bank said it expected to book more in severance costs in 2018.

Economy Rate Disclosed By Bank Of Canada
Author: 0 Rate Disclosed By Bank Of Canada

But the "balanced tone" of a press conference with Bank of Canada Governor Stephen Poloz and Senior Deputy Governor Carolyn Wilkins helped the currency recover, said Eric Theoret, currency strategist at Scotiabank. However, the bank expressed growing concern about the future of the North American Free-Trade Agreement (NAFTA), which will hold its sixth round of talks in Montreal next week.

Economy Seahawks bring back Norton Jr. as new defensive coordinator
Author: 0 Seahawks bring back Norton Jr. as new defensive coordinator

There was a belief Seattle was trying to bring back Gus Bradley, but the former Seahawks defensive coordinator opted to remain with the Los Angeles Chargers. He served in that role for the past two seasons with the after a stint as the ' assistant offensive line coach in 2015. Garafolo also reported that the Seahawks are hiring Mike Solari as offensive line coach to replace Tom Cable, which a source later confirmed to the Seattle Times.

Economy SPDR Dow Jones REIT ETF (RWR) Rises 0.79% for Jan 16
Author: 0 SPDR Dow Jones REIT ETF (RWR) Rises 0.79% for Jan 16

In late afternoon trading, the Dow Jones Industrial Average had lost momentum and was down 0.11 per cent at 25,775.87. The pan-European Stoxx 600 index ended flat, while euro zone stocks added 0.3 per cent as the euro gave up some of its strength against the dollar.

Economy No Emirates deal will kill the A380
Author: 0 No Emirates deal will kill the A380

Airbus says it sold more than 1,100 planes last year, outselling rival Boeing thanks to a raft of end-of-year deals and a growing global economy and travel demand. However, sales of the four-engined plane have been slow as airliners opt for twin-engine aircraft which are cheaper and easier to run. The company has now enjoyed 15 consecutive years of increasing production of its airliners.

Economy Ford commits $11bn to cleaning up cars by 2022
Author: 0 Ford commits $11bn to cleaning up cars by 2022

The new hybrid range will be part of Ford's global electrification strategy, which will see "13 new global electrified vehicles" come ton market in the next five years. With reduced battery costs and increased regulatory requirements worldwide for internal combustion engines, the vehicle manufacturers are stepping up their investments on wholly electric models.

Economy General Motors to make first mass-market driverless auto
Author: 0 General Motors to make first mass-market driverless auto

The Cruise AV is capable of changing its course if it detects an imminent collision on its driving path. Self-driving cars operate by GM's Cruise division have already been involved in some fender benders, usually involving other road users crashing into them.

Economy Carillion: shares hit record low on fear of administration
Author: 0 Carillion: shares hit record low on fear of administration

Carillion - the UK's second-largest construction company - is engaged in crunch talks with the UK Government and the Pensions Regulator in an attempt to avoid going into administration. Carillion has a pension deficit of roughly £580m, although this figure would be expected to rise sharply if measured according to the cost of insuring its various retirement schemes on a full buyout basis.

Economy Walmart giving employees $1000 bonuses, raising minimum wage
Author: 0 Walmart giving employees $1000 bonuses, raising minimum wage

With the labor market tight, it's crucial for Walmart to stay competitive on this measure. First Personal Financial Services' holdings in Wal-Mart Stores were worth $5,436,000 at the end of the most recent quarter. "As you know, the President and Congress have approved a lower business tax rate". Plus, states like MA and Washington have established $11 an hour as the going rate for all workers, meaning that Walmart already had to pay employees in those states that amount.

Economy Nvidia launches self-driving auto partnerships with Uber, Volkswagen
Author: 0 Nvidia launches self-driving auto partnerships with Uber, Volkswagen

Samples of the Xavier processor, which can deliver 30 trillion deep learning operations per second and only use 30 watts of power, will be delivered to customers this quarter. Nvidia has previously worked with auto manufacturers on A.I. features, including Audi and Mercedes-Benz, and the company's I.D. Buzz for Volkswagen "is aiming to go into production in 2022".

Economy Bay Area reacts to strong natural disaster
Author: 0 Bay Area reacts to strong natural disaster

Nor, Sanders said, have there been reports of damage to building structures caused by the moderate quake, though "there's always the possibility that there could be some" minor structural damage. He suggests residents go over their quake plans with their families. Knudson said the USGS had learned earthquakes, at least on the southern part of the Hayward Fault , occur every 140, 150 to 160 years.

Author: 0 The FCC chairman received death threats before canceling his CES appearance

The sources added that federal law enforcement agencies have " intervened in the matter ". This isn't the first time FCC officials have received threats related to the move. Only by ignoring these two inconvenient truths are pro-regulatory advocates able to falsely claim that the FCC has left consumers in danger of being denied any remedy for abusive or anti-competitive practices by internet service providers.

Economy 2-hour computer outage at U.S. customs causes delays nationwide
Author: 0 2-hour computer outage at U.S. customs causes delays nationwide

It gave no explanation for the disruption and said travelers were processed using alternative procedures. "During the technology disruption, CBP had access to national security-related databases and all travelers were screened according to security standards", the agency said in a statement.

Economy China's factory sector shows resilience — China Focus
Author: 0 China's factory sector shows resilience — China Focus

This was consistent with the strongest improvement in the health of the sector since December 2012. Factory Purchasing Managers' survey from euro area and the United Kingdom are due on Tuesday, headlining a light day for the European economic news.

Economy Instagram to now show 'recommended posts' in home feed
Author: 0 Instagram to now show 'recommended posts' in home feed

Try to post unique and good stuff that attracts your followers, ask views and opinions of your followers on the posts and keep them engaged in many ways that you can. Since Instagram switched from the chronological feed to the algorithmic one, this is probably one of the biggest changes the platform has down to the way how its feed looks.

Economy Two lotteries roll up to more than $300 million
Author: 0 Two lotteries roll up to more than $300 million

The Mega Millions pot is worth about $306 million with a $191 million cash option. The amount won can vary if the victor chooses the Power Play option for an extra dollar, which adds a multiplier to the prize. There were 322,157 tickets sold that won at least $4 in the drawing. Mega Millions is played in 44 states, plus the District of Columbia and the Virgin Islands.

Economy The SpaceX
Author: 0 The SpaceX "Mars Rocket" arrives at Cape Canaveral

For anyone that still thought that Musk was joking, he put those thoughts to rest today with a few images posted to Instagram . He said earlier this month that he wants to send the auto into "Mars orbit". The image shows what appears to be a first generation Tesla Roadster (not the recently unveiled next gen) on a platform fitted on a SpaceX payload attach fitting.

Economy Kohl's, Toys R Us to stay open around the clock until Christmas
Author: 0 Kohl's, Toys R Us to stay open around the clock until Christmas

Denny's: Christmas is one of Denny's busiest days of the year, and the franchise keeps all its locations open 24/7. If there are municipal service emergencies in Niagara Falls during the holidays contact 905-356-1355. All Nova Scotia Liquor Corp. retail stores will shut their doors at 5 p.m. on Christmas Eve and will be closed Christmas Day and Boxing Day , before reopening Wednesday.

Economy Gold coin found in Louisville Red Kettle
Author: 0 Gold coin found in Louisville Red Kettle

More than 75 families benefited from the Salvation Army services and almost 100 children will have gifts to unwrap. "To try to have enough bell ringers is always a struggle, and we always do better if they are volunteers", Capt. "All funds donated to the Christmas Kettle Campaign are put into action year-round in our city and provide thousands of families and individuals the support they need; those who have found themselves in times of difficulty and require immediate assistance".

Economy Shifting to crypto cash, NY iced tea maker sees shares triple
Author: 0 Shifting to crypto cash, NY iced tea maker sees shares triple

It had a market cap of $64.38 million. Literally just say the word "blockchain", apparently. Average daily volume is 170,220 shares. X In the latest evidence that the shared record-keeping technology is this year's quickest way to give a stock an amphetamine-like jolt, Long Island Iced Tea ( LTEA ) - which sells iced tea and what have you - said on Thursday that it is changing its name to Long Blockchain .

Author: 0 Hollywood Would Get Big Windfall Annually From Tax Bill

As many as 200,000 employees will receive a bonus of $1,000 under the plan, according to AT&T. If President Donald Trump signs the bill before Christmas, AT&T employees will get their bonuses this year. Last month, Stephenson blasted the Department of Justice over its plans to sue to block his company's $84.5 billion takeover of Time Warner. No one can seem to agree on who will benefit from the passage of the GOP tax bill , or what actual effects it will have on workers.

Economy MLS plans expansion team in Nashville; announcement tomorrow
Author: 0 MLS plans expansion team in Nashville; announcement tomorrow

Nashville is one of four cities that has been vying to earn one of the two MLS teams that are part of the upcoming expansion. Surely MLS can add three teams right now instead of two, right? The league announced last week its Board of Governors talked with ownership groups from Cincinnati , Detroit , Nashville and Sacramento .

Economy Atlanta airport power outage impacting Savannah flights
Author: 0 Atlanta airport power outage impacting Savannah flights

Georgia Power , the utility that provides Hartsfield-Jackson with electricity, said in a statement Monday that "a piece of Georgia Power switchgear located in an underground electrical facility could have failed and started a fire". The control tower did not lose power because it has a separate electrical feed, and planes that were in the air and close to Atlanta when the blackout hit were allowed to land.

Economy Ryanair pilots suspend planned pre-Christmas strike
Author: 0 Ryanair pilots suspend planned pre-Christmas strike

During a conference call with the pilots, Mr O'Leary is understood to have said that the offer of union recognition from Ryanair today is genuine. The Portuguese pilot union has requested a meeting and Ryanair has offered to meet them on Thursday December 21st.

Economy Autopsies underway for Canadian billionaires found dead
Author: 0 Autopsies underway for Canadian billionaires found dead

A police detective, Brandon Price, described the deaths only as " suspicious ". Sherman was the chairman of generic drug maker Apotex. In a statement , Apotex confirmed the Shermans had been killed: "We've been informed of the tragic news that Barry and Honey Sherman have unexpectedly passed away".

Economy 'Terrorist' explosion in Manhattan injures 4; suspect named
Author: 0 'Terrorist' explosion in Manhattan injures 4; suspect named

On the day of the attempted attack, Mayor Bill de Blasio assured New Yorkers that they are safe. "Thank God the perpetrator did not achieve his ultimate goals". "These are not the actions that we expect from our justice system, and we hope to see better in the days and weeks to come". He and three others suffered injuries that are not life threatening, the NYPD said.

Economy Boy steals Salvation Army kettle from man at mall, police say
Author: 0 Boy steals Salvation Army kettle from man at mall, police say

The toys, they say, are as much a gift to each of them. Therapy donkeys from Young's Funny Farm were on Public Square helping the Wilkes-Barre Kiwanis Club raise money and awareness for the Salvation Army . Weekend weather in the Topeka area is expected to be pleasant - with highs around 60 degrees on Saturday. Toys donated from Corus Radio London listeners to the Salvation Army.

Economy Facebook to record global ad revenue locally as political pressure mounts
Author: 0 Facebook to record global ad revenue locally as political pressure mounts

Facebook Inc. announced a major change today to the way it reports advertising revenue outside of the USA, claiming that it wants to be more transparent with local governments and businesses. The social network now funnels all of its non-U.S. revenue through its worldwide headquarters in Ireland. The company lowered its tax bill further by paying large royalties to companies resident in the Cayman Islands, shifting much of the profit from Dublin to the tax haven.

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