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Finance

The winning Mega Millions ticket has been sold. The New Year's Day Mega Millions jackpot has reached $415 million. It's the second time the Mega Millions jackpot has been won on New Year's Day; the only previous January 1 victor was in Texas in 2008.
  • Oil surges 8% after steep slide; growth fears still weigh

    Oil surges 8% after steep slide; growth fears still weigh

    Finance

    At a press briefing in Kuwait, ministers from Iraq, the UAE and Algeria took turns repeating the message that Opec will deliver its output curbs and continue to work with its allies. Stock-market gains, including a more-than-1,000-point gain for the Dow industrials DJIA, +4.98% and comments on improved stability for global supplies by Russia's top energy official, supported prices as markets resumed action.
  • GST rates slashed on 23 items

    GST rates slashed on 23 items

    Finance

    GST on movie tickets costing up to Rs 100 cut to 12 per cent, from 18 per cent, tickets over Rs 100 to attract 18 per cent GST, against 28 per cent earlier. GST on solar power generating plants and renewable energy items have also been reduced, he added. Rajeev Talwar, president, PHD Chamber of Commerce and Industry said consistent indirect tax revenue growth along with reduction in high GST rates indicate that tax base is widening and economic activity is expanding.
  • Third Canadian citizen detained in China: Global Affairs Canada

    Third Canadian citizen detained in China: Global Affairs Canada

    Finance

    Hu said Meng's arrest has had no impact on the travel of the company's senior executives. "You might call it a slippery slope approach; you could call it a salad bar approach", Freeland said. To wrap up the press conference, Hu had a few closing quotes. "This is help from the UK Government and we feel very appreciative about it". "At Huawei, we see what we have encountered, and we still love the work we are doing".
  • US Stocks Open Higher on Bargain Hunting

    US Stocks Open Higher on Bargain Hunting

    Finance

    Japan's Nikkei 225 index fell 0.4 percent to 21,025.10 while South Korea's Kospi rose 0.6 percent to 2,074.38. United States futures are pointing to a minor rebound on Tuesday after stocks fell more than 2% during Monday trading. Benchmark U.S. crude fell 2.6 percent to $49.88 a barrel in NY. "With the global economy facing lower growth in 2019, including the US, inflation in check and USA stocks in correction territory, it may not be the best time to be raising rates".
  • Putin: Nuke war threat should not be underestimated

    Putin: Nuke war threat should not be underestimated

    Finance

    Russian Federation and Japan have been in dispute for seven decades over island territories captured by Soviet troops in the last days of World War II. He had one nice things to say about the United States, however: He welcomed President Donald Trump's decision to withdraw the U.S. military from Syria.
  • Facebook Drags Apple, Microsoft, and Amazon Into Latest Privacy Controversy

    Facebook Drags Apple, Microsoft, and Amazon Into Latest Privacy Controversy

    Finance

    Facebook has given some of the world's largest tech companies, such as Spotify, Amazon and Netflix, access to users' personal information in ways not previously disclosed, according to a report released by the New York Times (NYT ). The documents reviewed by the Times raise questions of whether Facebook's data-sharing agreements ran afoul of a consent decree issued by the Federal Trade Commission meant to monitor how Facebook tracks and shares data about its users.
  • Watch booby-trapped Amazon package cover thieves in glitter and fart spray

    Watch booby-trapped Amazon package cover thieves in glitter and fart spray

    Finance

    Rober reported this to the police, but even with the video evidence, the police department said that this wasn't something worth spending time to investigate. The device goes off as soon as the package is opened, spraying a colossal amount of glitter everywhere. The horrendous smell made the initial thief toss the package, which allowed Rober to deploy this decoy package and capture the reactions of multiple assailants.
  • Trump's barbs cast shadow over Fed meeting

    Trump's barbs cast shadow over Fed meeting

    Finance

    After days of heavy stock market falls, Trump tweeted before NY trading opened on Tuesday to warn the Federal Reserve that it would be compounding previous mistakes if it continued to ratchet up United States borrowing costs. The president has repeatedly exerted pressure on the Fed to hold off on rate hikes, saying the hikes will impede economic progress. Last week, Trump said he needs the flexibility of lower interest rates to support the USA economy as he fights a growing trade ...
  • J&J stock tumbles after Reuters reports it hid asbestos in talc

    Finance

    Reuters cited documents released as part of a lawsuit by plaintiffs claiming the product can be linked to ovarian cancer. A case in July, in which a judge ordered the company to pay $4.69bn in damages to 22 parties, was the first to succeed with a claim that the talc caused ovarian cancer.
  • China confirms arrest of second Canadian in escalating spat

    China confirms arrest of second Canadian in escalating spat

    Finance

    China is the second-biggest buyer of softwood lumber products and companies have increasingly looked to the Asian market as a destination for shipments amid Canada's ongoing softwood lumber dispute with the U.S. His last social media posts on Monday said he was en route to Seoul for a consulting job and meetings with friends, but he never arrived. Spavor, who organizes business, culture and tourism trips to North Korea , is best known for organizing NBA Hall-of-Famer Dennis Rodman's ...
  • Shaktikanta Das promises to uphold RBI autonomy; will meet PSB heads today

    Shaktikanta Das promises to uphold RBI autonomy; will meet PSB heads today

    Finance

    He refused to answer questions on the alleged disagreement between the government and the central bank. He added that he would meet private sector banks as well. "I will try and uphold professionalism, core values, credibility and autonomy of this institution". Given the current structure, the central board plays advisory role but there is growing clamour to make it operational and have greater participation in key decisions of the central bank.
  • Apple to add hundreds of jobs in Boulder

    Apple to add hundreds of jobs in Boulder

    Finance

    The new North Austin campus will span 133 acres and initially accommodate 5,000 employees, eventually increasing to 15,000. From the looks of things, Apple is working to keep its word of creating more jobs in the U.S.by expanding its domestic operations.
  • OPEC's Deal To Slash Oil Production Gets Support From Azerbaijan's Government

    OPEC's Deal To Slash Oil Production Gets Support From Azerbaijan's Government

    Finance

    In response, the cartel has said that it will cut production by around one million barrels a day next year to 31.4 million barrels pumped in 2019. Other analysts noted the reduction by the Organization of the Petroleum Exporting Countries and allies, like Russian Federation, may not be deep enough to restore balance to the market especially after the us government confirmed its forecast that the United States would end this year as the new top producing nation.
  • Google hearing sees 'idiot' trending

    Google hearing sees 'idiot' trending

    Finance

    Pichai also said privacy and security are essential parts of Google's mission, and that the company is committed to working with the U.S. government "to keep our country safe and secure". The question of bias has dogged tech companies for years, but there has been no credible evidence that political leanings factor into Google's search algorithm.
  • Canada frees CFO of China's Huawei on bail; Trump might intervene

    Canada frees CFO of China's Huawei on bail; Trump might intervene

    Finance

    Meng was arrested earlier this month at the request of US authorities, who allege she conspired to defraud banks to unwittingly violate USA sanctions by clearing transactions linked to Iran. In what some have speculated is a tit-for-tat response, China detained former Canadian diplomat Michael Kovrig this week. She had also cited health reasons for requesting bail.
  • Theresa May to Contest Confidence Vote 'With Everything I Have Got'

    Theresa May to Contest Confidence Vote 'With Everything I Have Got'

    Finance

    Many of her cabinet ministers and other MPs were quick to support her, however, and pound rose amid reports that enough had already declared their backing for her to win. Brady told the BBC he had spoken to the prime minister and noted she was "keen that matters be resolved as quickly as is reasonably possible". "I will discuss with them the clear concerns that this house has expressed", she said.
  • O2 to give customers compensation after issuing public apology

    O2 to give customers compensation after issuing public apology

    Finance

    British mobile phone operator O2 said Friday that its 4G network was restored after a glitch with software made by Sweden's Ericsson left tens of millions without service. Its data network had not been working since early yesterday morning. The standard response was the network was aware of the issues, said they were being fixed and apologised for any inconvenience caused.
  • Chinese tech mogul arrested in Canada

    Chinese tech mogul arrested in Canada

    Finance

    Hong Kong's Hang Seng lost 2.5 percent and the DAX in Germany sank 1.8 percent. "People are just as anxious about further adjustments in the U.S. stock market, the inverted yield curve and a slowing economy there", he said. "We'll see more cases like this over the next three months, sanctioning China's state-owned enterprises and individuals, to boost momentum on the USA side", Liu said.