Finance

Jobless rate for Hispanic Americans matches record low

Jobless rate for Hispanic Americans matches record low The July print was upwardly revised from 147,000 to 165,000, while the August print was upwardly revised from 201,000 to 270,000. Analysts had projected the economy would create 185,000 jobs in September. The unemployment rate fell two-tenths of a percent to 3.7 percent, the lowest number since December 1969, the Department of Labor said Friday . People wait in line at a stand during the ... [Full Article...]

Tesla CEO Elon Musk apparently rips SEC after deal: 'Shortseller Enrichment Commission'

Tesla CEO Elon Musk apparently rips SEC after deal: 'Shortseller Enrichment Commission' The board has not engaged in any "serious" discussions of who should be the chairman , the paper said, citing a source close to the selection process. The judge said it was her regular practice to request such letters. BlackRock declined to comment on Musk's tweet. Musk has long derided short sellers, who bet against a company's stock, for their thirst for Tesla's stock to decline. [Full Article...]

Indian rupee collapses to 73.77 against United States dollars

Indian rupee collapses to 73.77 against United States dollars Brent crude also breached the four-year high of USD 86 dollar per barrel level, fuelling worries over widening current account and trade deficit. An expected rate hike would be the Reserve Bank of India's ( RBI ) third this year, after it lifted borrowing costs in June and August. [Full Article...]

Petrol, diesel price cut: States follows Centre’s footsteps, reduce taxes on fuel

Petrol, diesel price cut: States follows Centre’s footsteps, reduce taxes on fuel Soon after the Central government announced a cut of Rs 2.50 per litre on diesel and petrol today (October 4), all the Bharatiya Janata Party (BJP)-ruled states followed suit by slashing the fuel prices by another Rs 2.50 per litre. Only a few weeks ago, multiple media reports , quoting anonymous senior government officials, indicating that the government had no plans of cutting excise duty. [Full Article...]

Amazon raises minimum wage to $15 for USA employees

And Walmart, the country's largest private-sector employer, which has more than 1 million USA workers, raised its minimum wage to $11 in February. The company said it also will start lobbying for an increase in the federal minimum wage, now at $7.25 an hour. [Full Article...]

Elon Musk’s "Funding Secured" Tweet Just Cost Him & Tesla $40 Million

As part of the settlement with the SEC , Tesla will appoint an independent chairman, two independent directors, and a board committee to set controls over Musk's communications under the proposed agreement. Tesla jumped 16 percent to $306.50 at 6:28 a.m. In the Chicago suburb of Highland Park, more than 75 people crammed into Tesla's service center and another 50 or so waited outside. [Full Article...]

Instagram co-founders quit

Instagram co-founders quit Since Instagram started in 2010, its grown to over a billion users. The move by the two to leave Instagram follows the same path that Jan Koum , who is WhatsApp's co-founder, took in April when he left the messaging-app company which was also bought by Facebook . [Full Article...]

Oil prices at highest levels in 4 years

Oil prices at highest levels in 4 years Saudi energy minister Khalid al-Falih said the oil market is balanced and that its partners have increased production in response to rising prices. Crude oil futures have spiked in early Asian trade on Monday, a move unlikely to be welcomed by US President Donald Trump who took to Twitter late last night to express his displeasure at recent price gains. [Full Article...]

Trump leverages USA military protection in OPEC price-gouging spat

Trump leverages USA military protection in OPEC price-gouging spat USA crude futures extended gains after the report, rising 86 cents to $70.72 a barrel by 10:53 a.m. EDT [14:53 GMT]. In 2016, major producers both within and outside OPEC agreed to slash production in an attempt to boost prices following the 2014 oil market crash. [Full Article...]

30 passengers fall sick on India flight due to pressure problem

30 passengers fall sick on India flight due to pressure problem Pilots operating a Jet Airways India flight on Thursday forgot to turn on a switch that maintains optimal pressure in the cabin during ascent, causing injuries to some passengers. Raj Sivakumar, senior vice-president for sales & distribution said the decision comes from the fact that guests, especially the millennials, wish to be empowered and exercise their right of choice and globally service... [Full Article...]

Oil drops as investors fret about how trade war will affect demand

Oil drops as investors fret about how trade war will affect demand OPEC revenues will decline to US$719 billion in 2019, according to EIA projections, driven mainly by lower crude oil prices, as well as slightly lower OPEC production and exports. Iran is the third-largest oil producer in the after Saudi Arabia and Iraq. Benchmark Brent crude is already nearing 80 USA dollars a barrel and some believe this figure may go even higher. [Full Article...]

Trump slaps additional 10% tariffs on $200bn in Chinese goods

Trump slaps additional 10% tariffs on $200bn in Chinese goods White House economic adviser Larry Kudlow announced during an interview on Monday that President Donald Trump would likely be imposing new tariffs on a "couple hundred billion" worth of imports from China . In fact, tariffs are taxes that are paid by Americans who import goods from overseas. And China has retaliated in kind, hitting American soybeans, among other goods, in a shot at the preside... [Full Article...]

Husband-wife team buys Time magazine for US$190 million

Benioff, who has a net worth of $6.5 billion, serves as the co-chief executive officer of Salesforce, but the deal is unrelated to the tech company, according to the statement. The Benioffs said they won't be involved in day-to-day operations or journalistic decisions. Benioff, who ranks 246th on Bloomberg's billionaire's list , is promising a similar arrangement with Time . [Full Article...]

Strawberry sabotage: WA not affected by needle contamination

Strawberry sabotage: WA not affected by needle contamination A 21-year-old Burpengary man who bit into a strawberry with a needle inside it on Monday told The Courier Mail he ended up in hospital after swallowing part of it. She said that people can "chop them in half" if they remained concerned about the presence of needles. Three more cases of needles and pins found in strawberries have been confirmed, with six brands now believed to be affected. [Full Article...]

Canadian trade negotiators to brief PM Trudeau in person

Canadian trade negotiators to brief PM Trudeau in person Prime Minister Justin Trudeau has said the mechanism is crucial to a new NAFTA, but Mexico already has agreed to drop it. "And one of the things that I think we are accomplishing in this agreement is a better deal for Canadian and USA workers in the auto sector". [Full Article...]

Jeff Bezos is donating money to fix a problem his company perpetuates

Jeff Bezos is donating money to fix a problem his company perpetuates The fund will be split between Day 1 Families Fund and Day 1 Academies Fund. The fund will also seek to launch and operate "a network of high-quality, full-scholarship, Montessori-inspired preschools in underserved communities", he wrote . [Full Article...]

Top White House economist fact-checks Trump on GDP claim

Top White House economist fact-checks Trump on GDP claim Following last Friday's blockbuster August jobs report, and with nail-biting midterm elections less than 60 days away, the 44th and 45th presidents crossed swords, with Mr Trump continuing to counterpunch through the weekend and into Monday morning. [Full Article...]

Petrol prices touch Rs 90.11 in this Indian city

Petrol prices touch Rs 90.11 in this Indian city While Rajasthan on Sunday announced a 4 per cent cut in the VAT on petrol and diesel, Andhra Pradesh Monday said fuel prices will be reduced by Rs 2 each from the cut in sales tax. While the dharna was on, Karnataka CM H.D. Kumaraswamy met the Prime Minister seeking a relief of Rs. 1,199 crore for flood-hit districts of the State. [Full Article...]

Obama's criticism of Trump "very disappointing": Pence

Obama's criticism of Trump Southern California is a key battleground as Democrats work to oust Republicans from their stranglehold on elected positions in the area. "Obama is a great messenger to get them to vote for Democrats", Pfeiffer said. you never heard me threaten to shut them down" to his desire to build a border wall with Mexico. On his Twitter account, Trump did not respond directly but instead shared tweets... [Full Article...]

Petrol, diesel prices scale new highs on rupee woes

Petrol, diesel prices scale new highs on rupee woes Current price levels, where petrol has breached the Rs 80 per litre mark in many states, are due to a combination of factors. Price of price per litre in Ahmedabad rose by 55 paise, while that of diesel rose by 48 paise, a sea change compared to daily changes of about three or four paise that was happening on most days till now. [Full Article...]


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