Money

Wall Street falls as Fed cuts growth forecasts

Wall Street falls as Fed cuts growth forecasts Ever since the 2016 election, Trump has pointed to market gains as proof that his economic policies are working and that the country is thriving under his leadership. But the spillover from the rate hike continued to rattle investors in Asia Thursday, deepening concern over global growth prospects which are already facing headwinds from President Trump's trade war with Beijing, a slowing Chinese e... [Full Article...]

Apple’s iPhone 7 and 8 are now banned from sale in Germany

Apple’s iPhone 7 and 8 are now banned from sale in Germany They can be sold by third-party retailers, however, and all other models are unaffected. Apple has made small changes to its software for iPhones to avoid a ban on their sales in China . We're disappointed that the inventor and designer of our chip, who attended the hearing, wasn't given the opportunity to testify or present other evidence that disproves Qualcomm's claim of infringement. [Full Article...]

Police arrest three more suspects in killing of Danish, Norwegian women

Police arrest three more suspects in killing of Danish, Norwegian women Authorities are also working to determine the authenticity of a video posted on social media networks that allegedly shows the murder of one of the tourists, according to the prosecutor. One person had already been arrested on Monday, hours after the bodies of the two women were discovered with injuries to their necks. Danish intelligence officials believe ISIS "may be" behind the attack. [Full Article...]

FED DEFIES Trump and hikes interest rates despite the president's unceasing attacks

FED DEFIES Trump and hikes interest rates despite the president's unceasing attacks The central bank chose to increase its target range for the benchmark rate by 0.25 percentage point to 2.25 to 2.50 percent, it said in a statement issued after a two-day meeting of the policy-setting Federal Open Market Committee. In its statement, the Fed said risks to the economy were "roughly balanced" but that it would "continue to monitor global economic and financial developments an... [Full Article...]

Japanese court denies extended detention of former Nissan boss Carlos Ghosn

Japanese court denies extended detention of former Nissan boss Carlos Ghosn Ghosn was arrested November 19 along with Kelly over allegations that they underreported Ghosn's pay by about 5 billion yen ($44 million) in 2011-2015. The court did not disclose reasons for its decision, and NHK said it was "extremely rare" for it to reject the prosecutors' request to extend detention. [Full Article...]

Trump says will not sign any legislation without "perfect border security"

Trump says will not sign any legislation without White House Press Secretary Sarah Huckabee Sanders said Tuesday that the administration is looking into different funding sources to come up with the $5 billion in border wall funding the president wants. But on Wednesday morning, he tweeted that "one way or another" the wall will get built. Should a short-term resolution be reached, the border funding fight would be punted to the new year a... [Full Article...]

Triple amputee veteran raises almost $1 million to build Trump's wall

Triple amputee veteran raises almost $1 million to build Trump's wall Impassioned Trump fan and triple amputee veteran Brian Kolfage launched the campaign Monday using the hashtag #GoFundTheWall. On the fundraising site, the veteran is asking Trump supporters to put their money where their mouth is. 'One way or the other, we will win on the Wall!,' Trump tweeted on Wednesday morning as the clock ticked toward Friday's partial government shutdown. [Full Article...]

Sub-Saharan Africa's gender gap widens again after signs of progress

Sub-Saharan Africa's gender gap widens again after signs of progress Women must wait 202 years before they can earn the same as men and have equal job opportunities, according to a global report released on Tuesday, which said the rise in robots and the lack of childcare were keeping many women out of work. [Full Article...]

Dow Jones Industrial takes second straight 2% plunge

Dow Jones Industrial takes second straight 2% plunge The Dow Jones Industrial Average gained 0.4 percent to 23,675.64 and the Nasdaq composite was up 0.4 percent at 6,783.91. Despite this, financial exchange company CME, which owns the Dow Jones stock and financial indices, gives it almost an 80 percent chance that the Fed will raise interest rates a quarter point following its Wednesday meeting, to somewhere between 2.25 and 2.5 percent - t... [Full Article...]

'Drone' sightings at Gatwick Airport halt flights

'Drone' sightings at Gatwick Airport halt flights It reopened at 3:01am this morning, after being shut down at 9.03pm last night. "Our focus is now on working, with the airport community, to catch up on the flight schedule". The airline responded: "Sorry about that, Elly". "I have 2 tiny children on board and a hotel room at Gatwick to get to", one passenger whose flight was redirected, complained to British Airways on Twitter. [Full Article...]

NYT digs deeper into Facebook's creepy data sharing excesses

NYT digs deeper into Facebook's creepy data sharing excesses The Times published a detailed report about the practice Tuesday night, which gave companies like Netflix, Microsoft, Spotify , Pandora, Amazon, and others access to users' data, friend lists, and in some cases even private messages. Several e-mails related to giving Royal Bank access to Facebook data in 2013 so the bank could develop an app that would allow customers to transfer money via Fac... [Full Article...]

Czech cyber watchdog calls Huawei, ZTE products a security threat

Czech cyber watchdog calls Huawei, ZTE products a security threat Canada's Global Affairs office told the National Post that they were aware of a detention but did not provide details and did not suggest a connection to Meng's detention. The company has shipped more than 10,000 base stations for the fifth generation of mobile communications, he said, adding that Huawei expects revenue to exceed US$100 billion this year - up 8.7 per cent from last year. [Full Article...]

Elon Musk's LA tunnel turns Teslas into a 'rail-guided train'

Elon Musk's LA tunnel turns Teslas into a 'rail-guided train' Two years of big promises and $40 million of Musk's own money later, his just-in-time innovation machine delivered a functioning test tunnel on Tuesday. The cost for such wheels would be about $200 or $300 a auto, Musk said. He added that tunnels are the safest places to be in an natural disaster, and dismissed concerns about noise and disruption created while they are being built. [Full Article...]

Florida man tries to buy McDonald's food with marijuana

Florida man tries to buy McDonald's food with marijuana Lucie police say the fast food worker at the drive-thru denied the trade and Anthony Andrew Gallagher drove off. The worker refused and the suspect drove off. He was taken to Lucie County Jail for booking. "Police found approximately 11 grams of marijuana on the suspect". Gallagher's vehicle contained "molded chicken wings" and French fries were spotted on the car's floorboard, police said. [Full Article...]

YouTuber Builds Glitter Bomb Trap That Farts on Package Thieves

YouTuber Builds Glitter Bomb Trap That Farts on Package Thieves So he got his revenge - in the form of a massive glitter bomb. The bomb is harmless unless you consider fart spray and copious amounts of glitter to be harmful. The four smartphone camera setup inside the camera trap.Rober testing the 360-degree view captured by the four cameras. The fake package contains a custom-print circuit board with a built-in accelerometer. [Full Article...]

Trump warns Federal Reserve against 'another mistake'

Trump warns Federal Reserve against 'another mistake' All eyes are on whether the central bank will slow down rate hikes amid expectations of an economic downturn next year. Unemployment remains at an nearly 50-year low and growth is expected to be around 3 percent this year, well above the 2 percent that the Fed thinks is normal for the USA economy. [Full Article...]

Adam Bros. Farming cauliflower, lettuce recalled due to possible E.Coli contamination

Adam Bros. Farming cauliflower, lettuce recalled due to possible E.Coli contamination The products were produced by California-based Adam Brothers Farming and distributed to at least six provinces including Newfoundland and Labrador. Adam Bros Farming said it has notified affected customers of all product that was recalled and is asking that the product not be "eaten, sold, or transferred". [Full Article...]

Trump hails judge ruling against Obamacare as 'great'

Trump hails judge ruling against Obamacare as 'great' A few minutes later, he added: "Wow, but not surprisingly, ObamaCare was just ruled UNCONSTITUTIONAL by a highly respected judge in Texas". These actions, and the elimination of the law's tax penalty for not having coverage starting in 2019, are most likely among the reasons fewer people are signing up. [Full Article...]

Naughty Parrot Uses Amazon Alexa To Shop While Owner Is Away

Naughty Parrot Uses Amazon Alexa To Shop While Owner Is Away Wischnewski says, after catching the shopaholic, she now checks her online shopping list when she comes home to cancel any items purchased by the parrot. "Often I come in and there's music playing", Wischnewski said . "He loves to dance and has the sweetest personality", she told the publication. However, Rocco failed to stay out of trouble for long and this time he had help from his "friend" Ale... [Full Article...]

Google to become one of NYC's largest commercial tenants

Google to become one of NYC's largest commercial tenants Alphabet Inc's Google is investing over $1 billion to establish a new campus in NY, becoming the second major technology company after Amazon to pick America's financial capital to expand and create thousands of jobs. A month ago, Seattle-based Amazon said it would set up new headquarters in New York's Long Island City neighbourhood and in Arlington, Virginia, creating upwards of 25,000 jobs... [Full Article...]


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