Money

Earthquake Jolts California's Bay Area

Earthquake Jolts California's Bay Area A magnitude-4.4 quake rattled northern Californians awake early on Thursday (Thursday night NZ Time) as fire alarms sounded throughout the San Francisco Bay area and picture frames fell from walls and bookshelves. The quick jolt woke many people up. According to USGS, it is "very likely that the Hayward Fault will rupture and produce a significant quake within the next 30 years". [Full Article...]

SBI Minimum Balance - Huge Change Expected after backlash

SBI Minimum Balance - Huge Change Expected after backlash Later, as it received flak from customers, it reduced the charges with effect from October 1. A penalty amount ranging from Rs. 20 to Rs. 50 (both amounts exclusive of GST or goods and services tax) is chargeable for non-maintenance of sufficient balance as per the bank's minimum account balance rules. [Full Article...]

GDP at 6.5: Advance national income figures of Indian economy registers low

GDP at 6.5: Advance national income figures of Indian economy registers low As per the data, the Gross Value Added (GVA) at basic constant prices (2011-12) is anticipated to increase from Rs 111.85 lakh crore in 2016-17 to Rs 118.71 lakh crore in 2017-18. Discrepancies in the estimation of GDP have shot up again from Rs 839 billion in FY17 to Rs 2004 billion in FY18. The Indian economy expanded at 7.1 per cent in 2016-17, recording the fastest growth across the globe. [Full Article...]

'Anti-diesel rhetoric' sees vehicle demand drop

'Anti-diesel rhetoric' sees vehicle demand drop Last year, United Kingdom production reached a 17-year high of 1.72 million cars and had been expected to rise strongly again this year on course to beat an all-time record of 1.92 million vehicles by the end of the decade. But concern about the level of nitrogen oxides (NOx) they produce has made them a favourite target for clean air campaigners. A spokesman for The AA noted that the demonisati... [Full Article...]

Rothchild Gander Mountain store to re-open this spring

Rothchild Gander Mountain store to re-open this spring The CEO and CNBC host announced in May that he planned to reopen the Gander Mountain store in the Watertown mall as Gander Outdoors , along with stores in Plattsburgh, Cicero and Kingston, and disputed claims that the stores were closing. Other Wisconsin locations on the list are Wausau, Deforest, Kenosha, Appleton, Eau Claire, Baraboo, Sheboygan, Green Bay and Waukesha. Lincolnshire, Illinois-... [Full Article...]

Kmart location in Tucumcari to close

Kmart location in Tucumcari to close Sears also closed its store at Orlando Fashion Square mall in late 2016 and that spot is being rebuilt for a Floor & Decor stores and Orchard Supply Hardware. That includes 10 Pennsylvania Kmart stores and three Sears stores. Sears, once one of the country's most successful retailers, has struggled with the rise of e-commerce and some management missteps . [Full Article...]

Travis Kalanick, Uber Co-Founder, to Sell 29 Percent of His Stake

Travis Kalanick, Uber Co-Founder, to Sell 29 Percent of His Stake Kalanick's move is surprising, because he had indicated he would sell shares. Today's report explains that Kalanick originally had offered to sell around half of his stake in Uber , but that ultimately didn't happen due to limits outlined previously between Uber and the buyers, thus putting him at selling 29 percent of his shares. [Full Article...]

FCC chairman may be skipping CES due to death threats

FCC chairman may be skipping CES due to death threats The sources added that federal law enforcement agencies have " intervened in the matter ". Pai has previously said net neutrality were " a mistake " and he favoured a 'light touch " regime of regulation that would "not stifle innovation'. [Full Article...]

Tesla delivers 1550 Model 3s in fourth quarter

Tesla delivers 1550 Model 3s in fourth quarter The delay sent shares of the Palo Alto, California-based company down 2 percent in after-market trading. In addition to the 1,550 Model 3 sedans that were delivered during the fourth quarter, more than 800 of them were still in transit at the end of the quarter, although that still leaves the company far short of the consensus for Model 3 deliveries. [Full Article...]

Sears continues to struggle, now will close another 100 stores

Sears continues to struggle, now will close another 100 stores Sears Holdings Corp (SHLD.O) said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses. Liquidation sales at these stores are set to begin as early as January 12. There are about 40 employees, made up of full-time and part-time positions, who will be affected. [Full Article...]

SBI minimum balance controversy: Bank breaks silence

SBI minimum balance controversy: Bank breaks silence The report says that SBI did not collect any money from levy of charges for non-maintenance of MAB during the 2016-17 financial year. According to Reserve Bank of India, PSBs had written off Rs 2.28 lakh crore in bad loans in nine years to fiscal 2015-16. [Full Article...]

BP forecasts higher profits from Trump tax cuts

BP forecasts higher profits from Trump tax cuts BP is joining its competitor, Royal Dutch Shell, which said last week that it expected to book a US$2-2.5-billion charge in its fourth-quarter 2017 results following the tax reform. The adjustment will not impact BP's cash flow in the fourth quarter. Companies can log such assets during unprofitable periods and use them as credits toward future tax payments. [Full Article...]

Russian daily oil output edges up in 2017 to 30-year high

Russian daily oil output edges up in 2017 to 30-year high Again, the Energy Information Administration data released on Thursday showing a drop in domestic oil production (to 9.75 million barrels per day last week from 9.79 million bpd the week before) was credited for WTI's strong performance, while traders boosted Brent prices on news that China has issued crude import quotas totaling 121.32 million tons for 44 companies in its first batch of allow... [Full Article...]

Powerball jackpot hits $440M for Wednesday's drawing

Powerball jackpot hits $440M for Wednesday's drawing Tuesday night's Mega Millions jackpot is worth an estimated $343 million, with a cash payout of about $215 million. The lump sum, which features a cash value of $278 million, is the ninth-largest jackpot in the game's history, Reuters reported . [Full Article...]

Airtel's revised Rs 799 plan offers 98GB data

Airtel's revised Rs 799 plan offers 98GB data In total, the plan offers 98GB total data with a validity of 28 days. Both the plans come with a validity of 28 days. Apart from that, Airtel also has other prepaid packs that offer similar data and call benefits. Subscribers of all operators from Idea Cellular to Reliance Jio can now recharge for more data and calling benefits. The company has revised the plan by providing more data to it... [Full Article...]

Telegram Introduces Multiple Account Switching On Android

Telegram Introduces Multiple Account Switching On Android What I mean by this is the fact that Telegram has finally brought Themes support for iOS. The company has announced to make a new update which allows its users to manage multiple accounts through the same Android app. Notifications for all three accounts will be displayed, and users can then easily switch between these accounts from the side menu. Now users can simply swipe left on a message t... [Full Article...]

Plane crash deaths on commercial passenger jets totalled ZERO in 2017

Plane crash deaths on commercial passenger jets totalled ZERO in 2017 The most recent incident included in those numbers was the December 31 crash in Costa Rica that killed 12 people , including 10 American tourists. Despite the uncanniness of the experience, hopping on a passenger jet isn't as fraught with danger as it seems it should be, with aviation consultancy group To70 noting in their year in review that zero people died in passenger jet crashes in 201... [Full Article...]

China's manufacturing sector to continue expanding in 2018

China's manufacturing sector to continue expanding in 2018 The official non-manufacturing Purchasing Managers' Index (PMI) rose to a three-month high of 55 from 54.8 in November. Caixin/Markit's release followed the Thursday report of the country's, which came in at 51.8 - exceeding expectations despite a crackdown on pollution and a cooling property market. [Full Article...]

You can now buy legal recreational marijuana In California

You can now buy legal recreational marijuana In California Adults can grow up to six marijuana plants per household "out of public view". On Monday, California will become the sixth U.S. state, and by far the most populous, to legalise, regulate and tax sales of recreational marijuana - a market catering to consumers wishing to buy the drug for its mind- and mood-altering properties. [Full Article...]

Computer outage at customs causes major travel headache at JFK Airport

Computer outage at customs causes major travel headache at JFK Airport Several other airports also confirmed the outage. "We tried maybe three different kiosks, one twice", said DFW traveler Katrina Westermann. "So it was pretty terrible just not to know what was happening". It gave no explanation for the disruption and said travelers were processed using alternative procedures. The outage affected airports including JFK, San Francisco and Denver, as global trave... [Full Article...]


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