Economy

Economy Apple Is the New Nokia, Analyst Warns
Author: 0 Apple Is the New Nokia, Analyst Warns

That explanation deserves more attention. And market data has shown that the contraction in Greater China's smartphone market has been particularly sharp. "This is just another little tea leaf as to the goings on behind the curtain in China and last night's PMI coming out weaker than people thought", said Kevin Caron, a senior portfolio manager at Washington Crossing Advisors.

Economy Violent man attacks woman at McDonald's
Author: 0 Violent man attacks woman at McDonald's

Taylor flagged a male McDonald's employee to ask a question. The victim, Yasmine James , and her attorneys say they are pursuing all legal options and nothing is off the table. Records from the Pinellas County Sheriff's Office show that Taylor is now held in the Pinellas County Jail on a $1,000 bond. New Year's Eve didn't go so well for these people.

Economy Winning B.C. $1-million lotto ticket expires Thursday afternoon
Author: 0 Winning B.C. $1-million lotto ticket expires Thursday afternoon

The Western Canada Lottery Corporation , which oversees games in Alberta, Manitoba, Saskatchewan, and all three territories, has three $1-million prizes that went unclaimed in 2018. The lucky ticket holder has one year from the draw date to claim the prize . They will also need to bring along two pieces of government identification in order to claim the prize.

Economy Ford Recalls Vehicles Over Potentially Explosive Air Bag Inflators
Author: 0 Ford Recalls Vehicles Over Potentially Explosive Air Bag Inflators

Dealers will replace the passenger frontal airbag inflator or module at no cost to the customer. Ford is urging owners of the 2010 Ford Edge and Lincoln MKX, the 2010 and 2011 Ford Ranger, the 2010 to 2012 Ford Fusion and Lincoln MKZ, the 2010 and 2011 Mercury Milan, and the 2010 to 2014 Ford Mustang to set up appointments with dealers, who will replace the recalled part for free.

Economy Early trade in New York: yen climbs against dollar, euro
Author: 0 Early trade in New York: yen climbs against dollar, euro

It was last trading around 107.54 yen, down 1.2 percent on the day and poised for the biggest daily fall since November 2016. "It's a continuation of some of the market anxieties related to China, the US and more specifically there is a reevaluation of the dollar as a safe haven", said Jane Foley, currencies analyst at Rabobank.

Economy Weather Channel app accused of selling users’ personal data
Author: 0 Weather Channel app accused of selling users’ personal data

Apparently, user location data gathered via the app has been "transferred to others for profit", despite TWC's claims that it only uses said data to improve the accuracy of weather predictions. Google insisted it didn't use location data harvested from cell towers though it said it discontinued the practice. A spokesperson for IBM defended the terms of agreement policy, saying there was no attempts at deception and calls its disclosures "fully appropriate".

Economy Bluefin Tuna Sells for $3 million at Tokyo Market
Author: 0 Bluefin Tuna Sells for $3 million at Tokyo Market

Kimura bought the most expensive tuna in the first auction of the year from 2012 to 2017, including one at the previous record of 155.4 million yen in 2013. A single piece of "otoro", or the fish's fatty underbelly, can cost dozens of dollars at high-end Tokyo restaurants. The move was delayed repeatedly because of concerns over soil contamination.

Economy China gains cushion Asian shares after Apple jolt; flash crash hits currencies
Author: 0 China gains cushion Asian shares after Apple jolt; flash crash hits currencies

Apples shares tumbled in after-hours trade and those listed in Frankfurt (AAPL.F) were down 8.6 percent in early European deals. Japanese traders were on holiday. In U.S. equities, the Dow Jones Industrial Average .DJI rose 746.94 points, or 3.29 percent, to 23,433.16, the S&P 500 .SPX gained 84.05 points, or 3.43 percent, to 2,531.94 and the Nasdaq Composite .IXIC added 275.35 points, or 4.26 percent, to 6,738.86.

Economy Powell says he would not resign if Trump asked him to
Author: 0 Powell says he would not resign if Trump asked him to

Federal Reserve Chairman Jerome Powell said Friday he has no plans to resign, despite President Donald Trump's harsh criticism about his job performance, according to Reuters . He also noted the markets' perception of downside risks to economic growth, adding that the Fed will be patient with monetary policy. The pace of Fed rate hikes and the lowering of the balance sheet, which tends to put upward pressure on interest rates, had both been concerns of investors in recent months.

Economy Polestar 2: Volvo teases Tesla Model 3 rival
Author: 0 Polestar 2: Volvo teases Tesla Model 3 rival

The accompanying image is your only view of the vehicle that you're going to get for now, and it reveals cues such as muscular haunches, a rather large rear window and slim taillights. Dubbed the Google Android HMI (Human Machine Interface), the system will feature Google Assistant which is a virtual assistant similar to Amazon's Alexa.

Economy Taxes still due, but refunds delayed if government shutdown continues
Author: 0 Taxes still due, but refunds delayed if government shutdown continues

While this is less of a concern to later filers, the report notes that lower-income households often rely on early refunds to pay debts or make larger purchases. Vice President Mike Pence will receive this raise as well. The White House has yet to offer comment on the matter at the time of this writing. Rep.

Economy Vancouver home sales fall almost 32% in 2018
Author: 0 Vancouver home sales fall almost 32% in 2018

And since July, in Metro Vancouver submarkets, benchmark condo prices have declined as much as 14 per cent in Squamish (now $455,900), 10.3 per cent in Port Moody (now $627,300), 6.3 per cent on Vancouver's east side (now $538,000) and seven per cent on Vancouver's west side (now $783,700), according to real-estate-board figures.

Economy Powell Pledges Flexible Fed Policy, Won't Quit If Trump Asks Him
Author: 0 Powell Pledges Flexible Fed Policy, Won't Quit If Trump Asks Him

In mid-December, the Federal Open Market Committee voted to raise interest rates for the fourth and final time in 2018, even as President Trump urged them to "feel the markets". Trump has for months criticized the Fed chief for raising rates, and Bloomberg News reported December 21 that the president had discussed firing Powell.

Economy Apple plunges after slashing revenue guidance for its holiday quarter (AAPL)
Author: 0 Apple plunges after slashing revenue guidance for its holiday quarter (AAPL)

Apple's revised Q1 guidance forecast is dropping by up to $9 billion in revenue compared to its original estimate. Apple shares fell 10 percent to $142.19, the biggest drop in nearly six years, in New York Thursday. At least six Wall Street firms, including BTIG and RBC, lowered their share price forecasts by more than 15 percent after Cook's letter. Cook said the iPhone "accounts for all of our revenue shortfall".

Economy China trade delegation to meet Monday, Tuesday
Author: 0 China trade delegation to meet Monday, Tuesday

The US team will be led by Deputy US Trade Representative Jeffrey Gerrish and will discuss "implementing the important consensus" reached by Trump and Chinese President Xi Jinping at the sidelines of the G20 summit in Argentina past year, it said Friday.

Economy Apple ordered to pull iPhones from 15 stores in Germany
Author: 0 Apple ordered to pull iPhones from 15 stores in Germany

Qualcomm posted bonds of 1.34 billion euros (US$1.5-billion) on Thursday, as required for the German court order to come into effect. In a statement, Qualcomm said that the ban extends to third-party resellers, despite Apple's claims to the contrary.

Economy John Lewis reveals merry Christmas as sales are up on last year
Author: 0 John Lewis reveals merry Christmas as sales are up on last year

Fashion sales grew 10.7 per cent, with a strong performance in women's cashmere, but home sales were down 2.3 per cent. Figures for the week to 22 December show that John Lewis sales were up 4.2 per cent. Waitrose itself reported a 19.2% increase in year-on-year sales over the week while for the 22 weeks sales fell 0.8%. Sales the prior week were down 11.7 percent.

Economy BC's most valuable residential property is worth $73M
Author: 0 BC's most valuable residential property is worth $73M

The following table shows the Vancouver Island region's estimated range of percentage changes to 2019 assessment values by property type compared to 2018. "High home prices, rising interest rates and new mortgage requirements and taxes all contributed to the market conditions we saw in 2018", he said.

Economy More than 1,000 Kansas students to receive loan forgiveness
Author: 0 More than 1,000 Kansas students to receive loan forgiveness

More than 1,000 Kansas students will receive more than $2 million in student loan forgiveness. CEC was once among the biggest for-profit educational institutions in the country, with brands including International Academy of Design & Technology, Le Cordon Bleu, Missouri College , and Sanford-Brown under its umbrella.

Economy OPEC+ Caps Prove No Barrier to Record Russian Oil Output in 2018
Author: 0 OPEC+ Caps Prove No Barrier to Record Russian Oil Output in 2018

West Texas Intermediate for February gained $1.60 to $47.01 a barrel on the New York Mercantile Exchange at 11:45 a.m. local time, recouping an earlier fall to near $44. Data from the Institute for Supply Management (ISM) on Thursday showed USA factory activity slowed more than expected in December, mirroring similar data releases in Asia over the past week.

Economy China confirms trade talks with U.S. beginning Monday
Author: 0 China confirms trade talks with U.S. beginning Monday

China on Friday confirmed that a vice ministerial level delegation from the United States will visit Beijing next week for "proactive and constructive talks" to flesh out agreements reached between President Xi Jinping and U.S. It will be the first face-to-face meeting since the two countries agreed not to impose new tariffs for 90 days. The U.S. -China trade war came about because of President Trump's controversial stand on the U.S.

Economy British army withdraws anti-drone tech from Gatwick
Author: 0 British army withdraws anti-drone tech from Gatwick

The Army was deployed as hundreds of flights were cancelled on 20 December following repeated drone sightings. Drone sightings - which later turned out to potentially not be drone sightings at all - led to the closure of the runway at Gatwick Airport on December 19 for three days, causing chaos during the busy holiday period.

Economy Apple shares tumble as firm blames sales slump on China slowdown
Author: 0 Apple shares tumble as firm blames sales slump on China slowdown

Wedbush Securities analyst Daniel Ives described it as "Apple's darkest day during the Cook era", saying: "No one expected China to just fall off a cliff like this". Analysts see it as a result of slow sales volume of the new iPhone Xs and XRs since their launch in September. It now expects revenues of $84bn for the three months to 29 December, down from previous guidance of $89bn-$93bn.

Economy Oil prices decline on oversupply, volatile markets
Author: 0 Oil prices decline on oversupply, volatile markets

Opec's share of that cut is 800,000 bpd. Meanwhile, another crude benchmark, West Texas Intermediate (WTI), lost 1.85 percent, trading at $45.68. Although the investment bank pointed out that especially the USA economy was "still in a good place", it added that the Sino-American "trade war has become an impediment" and that "markets are extremely volatile and virtually impossible to anticipate or navigate".

Economy RBI Scales Down Printing of Rs 2000 Currency Note to 'Minimum'
Author: 0 RBI Scales Down Printing of Rs 2000 Currency Note to 'Minimum'

The Government may not denotify or demonetise the high value currency notes of ₹2000 denomination, but reports are that the Reserve Bank of India has stopped printing the banknote to gradually reduce its circulation. At that time, to counter the massive cash shortage, the government flooded the country with new Rs 2,000 notes. The decision, however, does not mean that the notes will be invalid, ThePrint reported.

Economy Crude oil: Oil price drop by 1%
Author: 0 Crude oil: Oil price drop by 1%

The current downward pressure on oil prices should likely taper off from January, analysts said, as the Organisation of the Petroleum Exporting Countries (OPEC) and its allies including Russian Federation start curbing production by 1.2 million barrels per day (bpd).

Economy ‘Apple sales should pick up when US China strike trade deal’
Author: 0 ‘Apple sales should pick up when US China strike trade deal’

This was stated by us President Donald trump . "If we have a successful negotiation with China then Apple's sales and everybody else's sales will recover", he said, before predicting that USA economic growth would continue to be strong. CEO Tim Cook explained : "While we anticipated some challenges in key emerging markets, we did not foresee the magnitude of the economic deceleration, particularly in Greater China".

Economy Apple stocks tumble after company cuts forecasts for key quarter
Author: 0 Apple stocks tumble after company cuts forecasts for key quarter

The revenue cut for the just-ended quarter raises questions about whether Apple, the face of American business in many parts of the world, is being punished by Chinese officials or consumers in favor of local rivals such as Huawei Technology Cos Ltd, whose pricey smart phones compete with the iPhone .

Economy Norway goes electric as Australia remains ICE bound
Author: 0 Norway goes electric as Australia remains ICE bound

Norway's sales figures consolidate its global lead in electric vehicle sales per capita, part of an attempt by Western Europe's biggest producer of oil and gas to green its economy. Andresen adds he expects that the share of electric cars will rise to 45% in 2019. Oeyvind Solberg Thorsen, head of the NRF, described the rise in electric auto sales as "a small step closer to the 2025 goal".

Economy Union sues GM, says laid-off workers should replace temps
Author: 0 Union sues GM, says laid-off workers should replace temps

General Motors, which already cut two shifts at its Lordstown operation, announced past year that it would stop making the Chevy Cruze at the plant this coming March and had no plans to replace production with another vehicle. The company said it's talking with the union about staffing in Fort Wayne, and it declined further comment. The No. 1 US automaker has said the fate of the plants that have no future product allocated will be decided in talks with the UAW.

Economy IL is among top states for outbound moves
Author: 0 IL is among top states for outbound moves

Midwestern states like IL (65.9 percent), Kansas (58.7 percent), OH (56.5 percent) and Iowa (55.5 percent) saw high outbound relocation as well. More retirees moved out of OR past year than moved to the state, the study noted. Several southern states also saw a high rate of inbound migration, including SC (59.9 percent) and North Carolina (57 percent). 'Unlike a few decades ago, retirees are leaving California, instead choosing other states in the Pacific West and Mountain West, ' Stoll ...

Economy Girl Scout Cookie Season Is Here And It Includes A New Cookie
Author: 0 Girl Scout Cookie Season Is Here And It Includes A New Cookie

World: meet the gluten-free Caramel Chocolate Chip cookie . Colorado residents will be able to purchase Girl Scout Cookies in about one month. Starting Wednesday, little entrepreneurs in green vests and badges will be selling their limited-edition treats - including the first new cookie in two years .

Economy Girl Scouts announce new type of cookie
Author: 0 Girl Scouts announce new type of cookie

The other gluten-free offering is toffee-tastic, which was first introduced in 2015. The Caramel Chocolate Chip Cookie arrives at a time when gluten-free food is increasingly mainstream. The Girl Scouts are reporting the new cookie will have "limited availability in select areas". "The Girl Scout Cookie Program helps girls build the essential skills they need to become our future business leaders".

Economy Kentucky police 'mourn' after doughnut truck catches fire
Author: 0 Kentucky police 'mourn' after doughnut truck catches fire

Officer Kyle Mounce says no one was injured when a Krispy Kreme truck caught fire in the city on Monday, but the truck's doughnuts were ruined. Some members of the police are grieving over a truck that caught fire and loaded with something that is close to their hearts-donuts.