Finance

S/African minister in China for worldwide import expo

S/African minister in China for worldwide import expo The chamber noted that Xi briefly mentioned removing caps on foreign investment in education and medical services, and support for accelerating negotiations on an EU-China investment agreement, calling them "potentially significant". While as many as 180 American companies from Facebook to Qualcomm are taking part in the Shanghai fair, Washington has not sent an official delegation to the even... [Full Article...]

Amazon Plans To Split HQ2 Between 2 Cities

Amazon Plans To Split HQ2 Between 2 Cities But HQ2 may not actually equal Amazon's original Seattle campus - or really be a headquarters at all. At the time of writing, the Wall Street Journal has reported that Amazon may be splitting its future HQ2 across two cities, with 25,000 employees in each. [Full Article...]

Amazon is offering free shipping with no minimum purchase

Amazon is offering free shipping with no minimum purchase Target dropped its minimum purchase amount last week, offering free two-day shipping on hundreds of thousands of items until December 22. " Amazon's move to give free shipping for all this holiday supports [the] thesis that retailers are catching up on Amazon with supply chain speed, fulfillment and delivery", Konik wrote. [Full Article...]

With him or against him, Trump looms large over Election Day

With him or against him, Trump looms large over Election Day Kevin Mack, the lead strategist for the group, said voters it had surveyed were more motivated by antipathy for Trump than anything else, and that Democrats remained too "risk-averse". And traditionally, the party of the sitting President has been losing seats in midterm elections. If you want to veer away from all the talking heads and go straight for the numbers ahead of polls, you can find a ... [Full Article...]

Apple Is 'Trying to Hide Something' With Reporting Shakeup

Apple Is 'Trying to Hide Something' With Reporting Shakeup In August, the tech giant became the first $ 1 trillion publicly traded USA business, a milestone reached after it boosted revenue on higher-priced models such as the iPhone X . Apple Inc . reports earnings Thursday, Nov. 1. The average price of each unit was $793, compared to $618 past year. Sales of iPad also witnessed a decline with the company selling just 9,699 units in Q4 2018 as a... [Full Article...]

Brent crude prices dip on rising supply, global market woes

Brent crude prices dip on rising supply, global market woes Moreover, Saudi Arabia's Energy Minister Khalid al-Falih said on Tuesday that the Organization of the Petroleum Exporting Countries (OPEC) and its partners are in "produce as much as you can" mode. The sanctions have triggered a black-market fueled by Iranian tankers - or "ghost ships" - that dismantle their vessel tracking systems, according to regional observers, making it extremely hard t... [Full Article...]

PH slips 11 notches in World Bank's ease of doing business ranking

PH slips 11 notches in World Bank's ease of doing business ranking The World Bank's 2019 Doing Business Index (DBI) yesterday reported an improvement in Nigeria's ease of doing business as the country moved from 51.52 to 52.89. The Doing Business Index is an annual ranking that objectively assesses prevailing business climate conditions across 190 countries based on 10 ease of doing business indicators. [Full Article...]

Trump threatens to impose new tariffs on China

Trump threatens to impose new tariffs on China The Trump administration has already slapped tariffs on 250 billion dollars' worth of Chinese imports. Trump also threatened on numerous occasions to put punitive tariffs on the entirety of Chinese imports to the U.S. The response on Wall Street was to send the Dow plunging after it had opened by more than 300 points up. "We're in a trade dispute-I want to use that word because it's a nice, soft... [Full Article...]

RBI autonomy essential, says finance ministry amid rift with central bank

RBI autonomy essential, says finance ministry amid rift with central bank The following development surfaces soon after there were reports of a rift between the RBI Governor and the government. Sentiments are already weak in the market . Patel and other regulators, including the Securities and Exchange Board of India, the Insurance Regulatory and Development Authority and the Pension Fund Regulatory and Development Authority, met Jaitley and other top finance minist... [Full Article...]

Indonesian passenger plane crashes into ocean with 188 on board

Indonesian passenger plane crashes into ocean with 188 on board Preliminary flight tracking data from the Flightradar website, which tracks air traffic in real time from all around the world, showed the aircraft climbed to around 5,000 feet before losing, and then regaining, height, before finally falling towards the sea. [Full Article...]

Powerball numbers drawn for $750M jackpot

Powerball numbers drawn for $750M jackpot The winning numbers for the estimated $750 million Powerball game have been drawn. Those tickets were sold in Arizona, Florida, Kentucky, New Jersey, New York, Oregon and Wisconsin. Powerball is played in 44 states, plus Washington, D.C., the U.S Virgin Islands and Puerto Rico. No one has won the Powerball jackpot since August 11, when a man from Staten Island, New York, won $245.6 millio... [Full Article...]

Last Minute Thought: Buy or Sell Amazon (AMZN) Stock Before 3Q18 Earnings?

Last Minute Thought: Buy or Sell Amazon (AMZN) Stock Before 3Q18 Earnings? Amazon is a company that seems to be midway through a transformation meant to bring soaring profitability via improving margin on the back of its truly staggering sales run rates. Amazon reported net income of US$2.88 billion, or US$5.75 a share in the third quarter, from US$256 million, or US52¢, a year earlier. Its overall subscription revenue , which comes not just from Prime, but also from ... [Full Article...]

Saudi crown prince vows to bring Khashoggi killers to justice

Saudi crown prince vows to bring Khashoggi killers to justice The statement is the bluntest to date by a figure associated with the Turkish president on the Saudi prince's involvement in the murder. Key mysteries yet to be explained are suspicions that Saudi Arabia's crown prince ordered the killing - even though he publicly condemned it - and the whereabouts of the Washington Post columnist's body. [Full Article...]

Saudi Arabia now says Khashoggi murder 'premeditated'

Saudi Arabia now says Khashoggi murder 'premeditated' The Tadawul All-Shares Index (TASI) rose 4.3 percent to close trading on the last day of the week on 7,835.54 points. TASI, the largest Arab bourse, is 8.4 percent higher on the year. Trump, who has reiterated that he views Saudi Arabia as a great ally and an important purchaser of USA weaponry, seems to have grown more suspicious of Crown Prince Mohammed bin Salman's role in Khashoggi's deat... [Full Article...]

US Mega Millions results: Lotto numbers for October 23

US Mega Millions results: Lotto numbers for October 23 The odds of winning the $1.6 billion jackpot are now 1 in 302,575,350, but that hasn't stopped thousands, if not millions, of people from playing across the country. Each Powerball or Mega Millions ticket is $2. While a billion is nice, if a lucky victor decided they didn't want to wait and took the cash option, they would have to make due with just $905 million. [Full Article...]

Mega Millions jackpot rolls over with prize now at $1,600,000,000

Mega Millions jackpot rolls over with prize now at $1,600,000,000 He said about $2,500 in Mega Millions tickets were sold at the store on Friday. A North Carolina couple went to a store for Mega Millions tickets when the husband also chose to buy one in a different game - and won a $1-million prize, NC lottery officials said. [Full Article...]

Saudi and the US: A friendship based on security and oil

Saudi and the US: A friendship based on security and oil In July, CME's rival Intercontinental Exchange said that it planned to launch a crude oil futures contract of physically delivered Permian WTI , deliverable in Houston, as the city has become the pricing center for USA oil amid growing production and exports. [Full Article...]

Cohn says Trump shouldn't comment on independent agencies

Cohn says Trump shouldn't comment on independent agencies Trump has blamed the market's big sell-off on rising rates and has described the Fed as being "out of control". Late last week, Treasury Secretary Steven Mnuchin said that despite Trump's attacks on the Fed, the president respects the central bank's independence. [Full Article...]

Pressure turns to Mexico as migrant caravan heads for border

Pressure turns to Mexico as migrant caravan heads for border The border post is guarded by a heavy security force and tall metal gates. Keilin Umana, a pregnant nurse who told the Associated Press that she had fled her home after receiving death threats from gang members, said: "We are not criminals, we are migrants". [Full Article...]

Mega Millions jackpot balloons ahead of drawing

Mega Millions jackpot balloons ahead of drawing Players have been busy flocking to stores in recent days to purchase tickets as the new jackpot of $ 970 million is the second-largest prize in USA history. Every lottery ticket buyer believes that, and why not? "Problem is someone else may be a victor of the jackpot", Odlyzko said. Lottery officials are happy to have Friday's record Mega Millions jackpot fueling ticket sales. [Full Article...]


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