Economy

Economy Powerball soars to almost $500 million
Author: 0 Powerball soars to almost $500 million

The odds of winning the Powerball jackpot are 1 in 292 million , the lottery says. The deadline to buy tickets for Saturday night's drawing is 10:00 p.m. Three tickets were sold with five numbers, but missed the Powerball number. "I called and woke my parents", Norenberg told lottery officials. They will also use the money to help care for their one-year-old daughter and a new baby that's on the way.

Economy Powerball Jackpot Continues To Climb; $1M Winner Sold In New Jersey
Author: 0 Powerball Jackpot Continues To Climb; $1M Winner Sold In New Jersey

The Powerball was 11. The jackpot prize will be shared among winners in all POWERBALL states. The Powerball lottery jackpot continues to climb higher. All POWERBALL prizes are set payouts, except the jackpot. The odds of winning the jackpot with a $2 ticket are 1 in 292,201,338. Johnson won a $298.3 million.

Economy Fed Signals Rate Hikes May Be Over For 2019
Author: 0 Fed Signals Rate Hikes May Be Over For 2019

The Fed formally adopted its 2 percent inflation goal in 2012, and price gains have mostly come in on the low side since then. "It may be some time before the outlook for jobs and inflation calls clearly for a change in policy", Federal Reserve Chairman Jerome Powell told reporters following the announcement.

Economy Karachi named sixth cheapest city of world
Author: 0 Karachi named sixth cheapest city of world

This is the first time in the survey's 30-year history that three countries have ranked first place on the list. The objective of the survey, according to its authors, is to "help human resources and finance managers calculate cost-of-living allowances and build compensation packages for expatriates and business travelers".

Economy Trump Races To Reopen GM Plant Ahead Of Ohio Visit
Author: 0 Trump Races To Reopen GM Plant Ahead Of Ohio Visit

The Lordstown, Ohio plant employed about 1,500 American workers and produced the Chevrolet Cruze before it closed. GM says Cruze sales in foreign countries have remained stable, fallen less sharply than in the US or even increased, as is the case in South America.

Economy Asian shares mixed in muted trading ahead of US Fed meeting
Author: 0 Asian shares mixed in muted trading ahead of US Fed meeting

Against a basket of key rival currencies , the dollar was nearly 0.1 percent higher at 96.454 as it managed to find its footing after hitting its lowest level since March 1 at 96.291 in overnight trading. On the top of investors' minds, the USA central bank, which is winding up a two-day policy meeting, is expected to leave rates unchanged and cut the number of interest rate increases projected for the rest of the year.

Economy Google fined $1.7 billion for search ad blocks in third European Union sanction
Author: 0 Google fined $1.7 billion for search ad blocks in third European Union sanction

The commission said that Google stopped website publishers from putting adverts from competitors on their search pages. European Competition Commissioner Margrethe Vestager laid out the Commission's view of the situation, saying, "Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites".

Economy Lyft founders seek to tighten control after IPO
Author: 0 Lyft founders seek to tighten control after IPO

Private market unicorns-businesses with a private market value over $1 billion-are coming public this year. No final decisions have been made and the timing and details of any filing may change. An electric scooter from the ride sharing company Lyft is shown on a downtown sidewalk in San Diego, California, U.S., March 15, 2019. The company's executives warned that the company could struggle to turn a profit, despite a rapidly growing market share.

Economy Jury: Roundup weed killer is major factor in man’s cancer
Author: 0 Jury: Roundup weed killer is major factor in man’s cancer

A two-week trial and four days of deliberation in the federal case brought the jury to Tuesday's decision that Monsanto's Roundup was likely a " substantial factor " in causing 70-year-old Edwin Hardeman's non-Hodgkin's lymphoma, the Chronicle reported .

Economy Won’t fly from April 1 if not paid dues: Jet pilots
Author: 0 Won’t fly from April 1 if not paid dues: Jet pilots

Jet Airways India Ltd ., once India's second-biggest airline, is flying just about a third of its fleet because its inability to pay lessors is grounding aircraft. On the other hand, additional four aircraft have been grounded by the company due to non-payment of amounts outstanding to lessors under their respective lease agreements, as per BSE Release .

Economy The SEC calls for new contempt sanctions for Elon Musk
Author: 0 The SEC calls for new contempt sanctions for Elon Musk

Lawyers for Musk said the tweet complied with the company's communication policy for senior executives and was a "proud and optimistic restatement of publicly disclosed information". Tesla and Musk each had to pay $20 million in fines and agree to governance changes that included Musk's removal as chairman. SEC v Elon Musk, U.S. District Court, Southern District of New York, No.

Economy Fisker teases all-electric 4WD SUV with 80kWh battery and 300-mile range
Author: 0 Fisker teases all-electric 4WD SUV with 80kWh battery and 300-mile range

Fisker , the vehicle company founded by designer Henrik Fisker , has released a teaser image of an affordable all-electric crossover to be revealed later this year. "Dashboard features will include a large heads-up display and a unique, intuitive user interface that will control some of the latest emerging in-vehicle technologies".

Economy RCom pays Rs 458.77 crore to Ericsson
Author: 0 RCom pays Rs 458.77 crore to Ericsson

India's Reliance Communications Ltd (RCom) said on Monday it had paid Sweden's Ericsson for a contract in line with a court order but a deal to sell assets to Reliance Jio Infocomm had fallen through. RCom owes a total ₹5.71 billion to Ericsson, including a one-time settlement of ₹5.5 billion and interest payments of ₹210 million. Anil Ambani's debt- ridden telecom business had promised to pay the nearby unit of Ericsson AB around Rs 5.5 billion for past maintenance services.

Economy Donald Trump to General Motors: Close a Plant in China, Not Ohio
Author: 0 Donald Trump to General Motors: Close a Plant in China, Not Ohio

A UAW spokesman told The Journal that the union is "leaving no stone unturned" to keep the plants open. General Motors' statement came after President Donald Trump announced that he has spoken to General Motors CEO Mary Barra to vent his frustration about the automaker's closure of an OH manufacturing plant while the US economy continues to fare well.

Economy Brent oil price exceeds $68 first since November
Author: 0 Brent oil price exceeds $68 first since November

While Goldman was overt in its positive assessment of the crude market, the International Energy Agency - which has routinely made gloomy proclamations about the health of the commodity, on Friday inadvertently deflated a fear that has occupied the minds of many analysts: Venezuela .

Economy Volkswagen Golf Mk8 launch pushed back to 2020 say German press
Author: 0 Volkswagen Golf Mk8 launch pushed back to 2020 say German press

Despite the company's grand electrification plan, Diess did admit that battery cost continues to be a problem and will particularly be so when it comes to smaller cars. Volkswagen , on the other hand, is planning to completely retool a large number of its production plants to specifically manufacture brand new electric platforms.

Economy Chancellor insists Brexit deal will help economy and reveals Londonderry talks 'progressing'
Author: 0 Chancellor insists Brexit deal will help economy and reveals Londonderry talks 'progressing'

In Hammond's speech yesterday, the Treasury's official view on a "disorderly Brexit" were also made clear, during which Hammond said it had the potential to become "a significant blow" to the United Kingdom economy. Britain will have a £26.6-billion (RM143.92-billion) war chest to battle the potential damage of its exit from the European Union, a government oversight body said.

Economy Tesla Reverses Decision To Close All Of Its Stores, Increases Vehicle Prices
Author: 0 Tesla Reverses Decision To Close All Of Its Stores, Increases Vehicle Prices

A combination of sustainable cars with great features and looks is a promise for a better future, and Tesla has taken it seriously. Oh, and come back Thursday for the reveal of the upcoming Tesla Model Y compact SUV. "How else can you view it except to see it as a remarkable example of lack of foresight or planning?" The decision to close down all of its retail stores and move to an online-only sales model surprised numerous company's employees and investors, with some investors ...

Economy Where to find Pi Day deals around San Diego
Author: 0 Where to find Pi Day deals around San Diego

Pi Day is celebrated every March 14 (yes, on 3-14), to celebrate both the ratio of a circle's circumference to its diameter and the birthday of Albert Einstein. Blaze Pizza will be offering walk in customers with their app the chance to build your own 11′ inch pizza for only $3.14. In store, a 7Rewards member can get a slice of pizza for 50 cents.

Economy Jury Awards $29.4 Million in Talcum-Cancer Trial
Author: 0 Jury Awards $29.4 Million in Talcum-Cancer Trial

A jury in Missouri a year ago awarded US$4.69 million to 22 women. The New Jersey-based company is likely to appeal the verdict, which was made in California Superior Court in Oakland. Leavitt's trial originally included J&J's talc supplier, Imerys Talc America, a unit of Imerys SE, as a co-defendant. About 8 out of 10 people with mesothelioma have been exposed to asbestos.

Economy Nissan, Renault to rework alliance, Latest World News
Author: 0 Nissan, Renault to rework alliance, Latest World News

Nissan , along with partners Renault and Mitsubishi Motors , this week announced a major retooling of their alliance through the creation of a three-way board meeting to put themselves on a more equal footing. He faces charges of under-reporting his salary at Nissan by about $82 million over almost a decade - charges he has called "meritless". Nissan CEO Hiroto Saikawa said in the past he believed that Ghosn wielded too much power, creating a lack of oversight and corporate ...

Economy IEA Expects US to Lead Global Oil Supply Growth to 2024
Author: 0 IEA Expects US to Lead Global Oil Supply Growth to 2024

Brent was at $67.14 a barrel at 1320 GMT, up 47 cents or 0.7 percent. The oil cartel and partners agreed to slash production in December, taking 1.2 million barrels per day off the market in order to prevent supply glut and a further slump in crude prices.

Economy Chris Cox and Chris Daniels quit as Facebook shifts direction
Author: 0 Chris Cox and Chris Daniels quit as Facebook shifts direction

Cox was a critical executive at Facebook , working there for more than a decade, helping design and run the news feed and then rising in the ranks to oversee all product at Facebook. In a note to employees about Cox's departure, Zuckerberg said Cox had been talking to him for a few years about doing something else but chose to stay after 2016 to help improve the social network.

Economy Disney Is Letting Go Its Acquisition On Fox
Author: 0 Disney Is Letting Go Its Acquisition On Fox

Fox shareholders have until Thursday, March 14 to decide on the amount of cash versus Disney stock to receive in the $71.3b transaction. Disney and Comcast were also both vying for European pay-TV giant Sky at the time, which Comcast ultimately won.

Economy Oil hits four-month highs with support from tightened supply
Author: 0 Oil hits four-month highs with support from tightened supply

The price of futures contracts of WTI crude oil went up by 0.58% to $58.6 per barrel, TASS reported. Oil prices were mixed on Thursday after hitting 2019 highs as OPEC stressed the need to extend its production cut program past June while lowering its forecast for crude demand.

Economy Google employee breaks record, calculates 31.4 trillion digits of Pi
Author: 0 Google employee breaks record, calculates 31.4 trillion digits of Pi

What's even interesting is that Google used cloud to make the Pi calculation. Calculating the digits of pi is a method of testing supercomputers, as well as a way for mathematicians simply to engage in some friendly competition. The interesting thing about Pi is that it's value is infinite in length. It's an important foundation of mathematics, most importantly in geometry, physics and engineering.

Economy Facebook recovering from global outage
Author: 0 Facebook recovering from global outage

The lengthy disruption is likely to upset advertisers that spend large amounts of money to reach potential customers on Facebook platforms. Facebook product director Rob Leathern said on Twitter that people are also unable to access the social network's ad interfaces, which may exacerbate any lost revenue from the outage .

Economy Pi Day 2019: Celebrate 3/14 with deals on pizzas, pies and more
Author: 0 Pi Day 2019: Celebrate 3/14 with deals on pizzas, pies and more

And in Wichita, that means you can get a whole lot of pizza pie and dessert pie at a discount that you don't have to be a math geek to understand. Blaze Pizza : On March 14, get pizzas for $3.14. Papa John's : Buy one pizza at regular price, get one free at participating locations for a limited time with this code . Kneaders Bakery , 1821 N.

Economy Inflation Pressures Steady as She Goes in February
Author: 0 Inflation Pressures Steady as She Goes in February

Retail inflation rose to four-month high of 2.57 per cent in February, mainly driven by higher food prices. The consumer inflation in January stood at 1.97 percent. "We expect the inflation trend to remain firm near 2%". A New York Fed survey of consumer expectations published on Monday showed a drop in inflation expectations in February.

Economy Trump Grounds All U.S. Boeing 737 Max Planes
Author: 0 Trump Grounds All U.S. Boeing 737 Max Planes

Resisting pressure, the U.S. Federal Aviation Administration's ( FAA ) acting administrator Dan Elwel said its review had shown "no systemic performance issues". Hong Kong will ban the operation of all Boeing 737 Max aircraft "into, out of and over" the key Asian aviation hub beginning at 6 p.m. (1000 GMT) Wednesday.

Economy German foreign minister: Brexit vote 'reckless'
Author: 0 German foreign minister: Brexit vote 'reckless'

This House will have to answer that question. "The discussion on article 50 is done and dusted". She said Europe alone would be able to dictate the duration of any delay, and that it could "even lead to a second referendum, with all the damage that would do to our democracy".