Economy

Economy No end to shutdown until border funding is secured
Author: 0 No end to shutdown until border funding is secured

In addition to his usual complaints about "Fake News " and Democrats , Trump has also taken aim at the Federal Reserve, praised Saudi Arabia, and dismissed Washington's envoy to the anti-ISIS coalition as an " Obama appointee " who gave Iran $1.8 billion " in CASH " as part of the " horrific " nuclear deal.

Economy 'I do' have confidence Treasury Secretary Mnuchin
Author: 0 'I do' have confidence Treasury Secretary Mnuchin

After weeks of sliding stock prices, Mnuchin convened an emergency meeting with top US financial regulators on Monday, following a call with executives from six major banks the previous day. Mnuchin Tries to Soothe Investor Worries... Trump's trade war with China is creating uncertainty for businesses. Friday's partial government shutdown , which followed Congress's failure to agree on a budget over funding for Trump's border wall, was also a major factor in the rout across global markets.

Economy Fed raises rates, cautious on year ahead
Author: 0 Fed raises rates, cautious on year ahead

Treasury investors remained on edge after the Fed said quantitative easing was on "autopilot". "We follow markets really carefully but remember, from a macroeconomic standpoint, no one market is the single dominant indicator", Powell said.

Economy Shopping, banks, skiing and more: What's open and closed during Christmas
Author: 0 Shopping, banks, skiing and more: What's open and closed during Christmas

As many local and national businesses close their doors this week for the holidays, there are a few retailers and restaurants that will be open around the Valley. on Christmas Eve and closed on Christmas Day . Whether its gifts, final decorations or wrapping paper, we've put together a list of key stores that are open on Christmas Eve .

Economy What's open and closed this Holiday Season
Author: 0 What's open and closed this Holiday Season

It's important to check hours at each location , as stores within malls might have different hours as malls close early ahead of the holiday. (And on Christmas, most stores are closed, but a few may decide to stay open.) To know what Safeway's hours are on Christmas Eve near you, you can find your local Safeway using this link and check on their hours for Christmas Eve .

Economy Stores offering deals, staying open late on Christmas Eve
Author: 0 Stores offering deals, staying open late on Christmas Eve

Beer Stores will close at 6 p.m. on Christmas Eve , and will also be closed on Christmas Day . Kohl's is open until 6 p.m on Christmas Eve and shoppers can take advantage of free in-store pick-up on items until 3 p.m. WEST PALM BEACH, Fla- It's a mad dash right now for shoppers across the country needing to buy last minute gifts. The malls are closing at 6 p.m.

Economy Top Trump official calls bankers, will convene 'Plunge Protection Team'
Author: 0 Top Trump official calls bankers, will convene 'Plunge Protection Team'

Stocks are set to open lower, a day after an unusual statement by Treasury Secretary Steven Mnuchin , who convened a series of calls on Sunday with the CEOs of the country's biggest banks. Mnuchin on Saturday quoted Trump as denying any plan to remove Powell. "A run on the banks is when people are afraid money won't be liquid, so they start withdrawing money, like Lehman Brothers, so they had to go to the Fed for extra cash, which is essentially a bailout", U.S.

Author: 0 Christmas opening times for Tesco, Sainsbury’s, Lidl and Aldi 2018

Christmas Day - closed Boxing Day - limited stores will be open from 10 a.m. and 6 p.m. And you'll have all day on Christmas Eve to make it happen. Scarborough Town Centre Christmas Eve - 8 a.m.to 6 p.m. Christmas Day - closed Boxing Day - 8 a.m.to 10 p.m. Thankfully, the tragedy of arriving at the grocery store only to realize it's closed can be easy to overcome so long as you're aware of exactly what is going to be open and when this upcoming holiday week! City of Toronto ...

Economy United Kingdom police release pair without charge over Gatwick drone chaos
Author: 0 United Kingdom police release pair without charge over Gatwick drone chaos

Gatwick airport , Britain's second-busiest, reopened after "military measures" were put in place . It comes as the prime suspects in the probe - a man and a woman from nearby Crawley - were released without charge by Sussex Police , 36 hours after being held on suspicion of " disrupting services of civil aviation aerodrome to endanger or likely to endanger safety of operations or persons".

Economy Shoppers fearless big crowds for final weekend before Christmas
Author: 0 Shoppers fearless big crowds for final weekend before Christmas

As people are getting off of work, many of them have headed to the mall for some last-minute gifts. "There are going to be parking issues and lines". "I'm always cautious of buying clothes that I'm not familiar with the brand name unless I touch them and feel them". Or maybe you ordered everything online weeks ago? Conner got some gifts on Amazon but says that comes with a risk.

Economy Oil price falls to lowest all year as 'bear fest' continues
Author: 0 Oil price falls to lowest all year as 'bear fest' continues

The prospect of a possible government shutdown in the United States, the world's biggest oil consumer, has added to investors' worries. On Friday, oil marketing companies Hindustan Petroleum and BPCL gained. To show its commitment to reducing supply, Opec will release a table detailing output cut quotas for its members and allies such as Russia, Opec Secretary General Mohammad Barkindo said in a letter reviewed by Reuters.

Economy It’s the busiest flying day of the holiday season
Author: 0 It’s the busiest flying day of the holiday season

More people than ever are packing up and heading out to see their loved ones this holiday season. Debit and credit processor Moneris, which handles about one-third of all electronic transactions in Canada, says its data has even revealed which hour of the day today will be the busiest - 2 p.m.

Economy South Carolina’s unemployment rate steady at 3.3 percent
Author: 0 South Carolina’s unemployment rate steady at 3.3 percent

The DWD says the new record is subject to monthly revisions and annual benchmarking before being made official. Indiana's unemployment rate saw a slight increase in October, rising to 3.6 percent. Major cities with the highest unemployment rates are: Selma at 6.5 percent, Prichard at 6.1 percent, and Anniston at 4.7 percent. It said private-sector employment grew by 2,800 during the month, primarily because of gains in manufacturing and in private educational and health services.

Economy Carlos Ghosn is set to spend Christmas in prison after being rearrested
Author: 0 Carlos Ghosn is set to spend Christmas in prison after being rearrested

Chief Executive Officer Hiroto Saikawa sought to reassure staff that the carmaker is addressing corporate-governance shortcomings that have ensnared the company in the scandal involving former Chairman Carlos Ghosn . Ghosn has told embassy visitors he is being well treated and sources at French vehicle giant Renault have described his frame of mind as "combative" as he fights the charges against him.

Economy What's open, closed for Christmas?
Author: 0 What's open, closed for Christmas?

However, it is a very good idea to have a good think about it now, or at the latest on Christmas Eve morning because not many shops at all will open on Christmas Day . To make the stressful holidays a little easier , we've compiled information regarding which popular stores and destinations will be open or closed during the holidays.

Economy Thousands remain without power across BC's south coast
Author: 0 Thousands remain without power across BC's south coast

Parts of southern British Columbia were hit by a powerful wind storm that left thousands of BC Hydro customers without power on Vancouver Island , the Lower Mainland and the Sunshine Coast. When the power went out in the small community of Lake Cowichan, B.C., during a destructive windstorm that swept the province's coast on Thursday, many residents weren't prepared for it to stay out indefinitely.

Economy Jennie-O recalls raw ground turkey products over possible salmonella
Author: 0 Jennie-O recalls raw ground turkey products over possible salmonella

With the exception of the recalled Jennie-O brand ground turkey, the CDC said it was not advising consumers to avoid eating properly cooked turkey products or for retailers to stop selling raw turkey products. State health officials in Arizona and MI identified salmonella bacteria in unopened packages of Jennie-O ground turkey from the homes of two patients with salmonella illness.

Economy FDA casts shadow on hemp win, calling CBD products illegal
Author: 0 FDA casts shadow on hemp win, calling CBD products illegal

About Our hempSMART Products Containing CBD The United States Food and Drug Administration (FDA) has not recognized CBD as a safe and effective drug for any indication. Accordingly, the federal Food, Drug, and Cosmetic Act (FDCA) prohibits the use of either (1) "disease claims" ( statements that claim to diagnose, mitigate, treat, cure, or prevent a specific disease or class of diseases) or (2) "structure/function claims" (statements that claim physical benefits or effects from the ...

Economy Mistaken rifle report causes lockdown at Calgary airport on busy travel day
Author: 0 Mistaken rifle report causes lockdown at Calgary airport on busy travel day

Airport employees received an email saying two threats had been made toward the worldwide terminal by way of two phone calls, on what was expected to be one of the busiest travel days of the holiday season. "We can confirm after Calgary Police's investigation that there is no threat", the airport said in a tweet at 2:27 p.m. The airport said arrivals, departures and baggage delivery were affected and advised travellers to check with their airlines for information.

Economy Shutdown will last at least until Thursday as senators go home
Author: 0 Shutdown will last at least until Thursday as senators go home

Trump also urged Senate Majority Leader Mitch McConnell , R-Ky., to "use the Nuclear option and get it done!" "I wish we could". The Democratic leader said they have offered "multiple proposals" to keep the government open, all of which they said includes "funding for strong, sensible, and effective border security - not the president's ineffective and expensive wall".

Economy Facebook developing own cryptocurrency for WhatsApp transfers
Author: 0 Facebook developing own cryptocurrency for WhatsApp transfers

As stated in the publication by Bloomberg , the company is working on a stablecoin pegged to the US Dollar to minimize volatility. In May of this year, Marcus was also named as the head of Facebook's blockchain initiatives, which have remained largely under wraps.

Economy Bank calls cops on Black man for cashing his paycheck
Author: 0 Bank calls cops on Black man for cashing his paycheck

McCowns was handcuffed by police after trying to cash a check for a new job. McCowns was handcuffed and placed in the back of the cop auto before police confirmed the check was real and that he was, in fact, an employee at the electric company.

Economy Six items removed from 28% GST slab
Author: 0 Six items removed from 28% GST slab

GST Council on Saturday slashed tax rate on seven goods in the 28 per cent slab thus leaving only 28 luxury items such as dishwasher and cement left in the highest bracket. However, for tickets above Rs 100, GST has been reduced to 18 percent. West Bengal Finance minister Amit Mitra told reporters that the Council's decisions were rational, keeping in mind the fiscal realities of the central and state governments.

Economy Jobless rate increase makes wage rises tougher
Author: 0 Jobless rate increase makes wage rises tougher

However, the number of people on registered agreements continues to fall while there is no clear connection between these wage increases and those across the broader economy. The monthly seasonally adjusted underutilisation rate increased 0.2 pts to 13.6%. Through 2017 employment grew by 3.4 per cent with nearly 412,000 jobs added to the nation while over the past 12 months it has slowed to 2.3 per cent.

Economy Ford noise canceling dog kennel
Author: 0 Ford noise canceling dog kennel

New Year's Eve is nearly here, which means a whole load of firework displays are coming our way. It's an very bad feeling as a pet owner, but it's a common problem. Most humans are suckers for dogs, so attaching its tech to a pupper is not a bad strategy for reminding people about tech that might not otherwise be noticed.

Economy Markets set for worst year since crash as the sell-off continues
Author: 0 Markets set for worst year since crash as the sell-off continues

The Dow fell to its lowest since October 2017, while the Nasdaq sank to a 15-month low, toying with bear market territory for the second day in a row. Reports released Friday morning revealed the United States economy expanded at a solid 3.4 percent annual rate in the third quarter, slightly slower than the previous estimate as consumer spending and exports were revised lower.

Economy Ford recalls almost 875000 pickup trucks in Canada and the US
Author: 0 Ford recalls almost 875000 pickup trucks in Canada and the US

That can cause electrical shorts and possible fires. According to a report filed with the National Highway Traffic Safety Administration, block heaters in the vehicles could cause a fire. Thankfully, it has not learned of any injuries stemming from the problem. The recall includes certain F-150 models from 2015 through 2019, in addition to the F-250, 350, 450 and 550 from 2017 through 2019.

Economy Ghosn re-arrested for shifting millions in personal losses to Nissan
Author: 0 Ghosn re-arrested for shifting millions in personal losses to Nissan

Then, between 2009 and 2012, Ghosn had a Nissan subsidiary transfer a total of $14.7 million into an account controlled by that person, the statement said. He was later charged with the same alleged crime covering the past three years. Mitsubishi was brought into the alliance in 2016 when Nissan purchased a 34-percent stake in its domestic rival following an emissions scandal in Japan.

Economy US Fed raises interest rates, signals more hikes ahead
Author: 0 US Fed raises interest rates, signals more hikes ahead

The Fed said in a statement it is raising the key borrowing rate to a range of 2.25 percent to 2.50 percent - the highest level in a decade, when the economy was in the early stages of the financial crisis and the beginning of the Great Recession.

Economy DIPP takes up angel tax notices with revenue department
Author: 0 DIPP takes up angel tax notices with revenue department

The secretary said the department wants more and more startups to apply for tax exemption. Vikas Vasal, national leader - tax, Grant Thornton India LLP said, "The angel tax provisions need to be appropriately modified to carve out an exception for the startups or may be these cases should be referred to a panel before initiating any penal action to distinguish and protect genuine startups vis-a-vis tax avoidance schemes and arrangements.

Economy Federal Government Spending $1.6B To Help Canada’s Oil And Gas Sector
Author: 0 Federal Government Spending $1.6B To Help Canada’s Oil And Gas Sector

Ottawa said it is setting aside $1 billion in financial support from Export Development Canada for companies to make capital investments and buy new technology, another $500 million in new loans over the next three years from the Business Development Bank of Canada , $100 million for energy and economic diversification projects, and $50 million for an unnamed oil and gas project.

Economy US Federal Reserve hikes rates one more time in 2018
Author: 0 US Federal Reserve hikes rates one more time in 2018

The S&P 500 index was down about 1.6 percent in late afternoon trading. After the two rates increases that the Fed now envisions for next year, it foresees one final hike by 2020, which would raise it benchmark rate to 3.1 percent. Chairman Jerome Powell and his colleagues said "economic activity has been rising at a strong rate" in a statement Wednesday following a two-day meeting in Washington.