Economy

Economy Oil prices fall as supply from top three producers set to rise
Author: 0 Oil prices fall as supply from top three producers set to rise

Volatility - a gauge of demand for a particular option - has risen sharply for bearish sell options at around $67 a barrel that expire immediately after OPEC's meeting with its partners that will run from June 22-23. The company, after cutting Saudi imports, has bought a record 16 million barrels (533,000 bpd) of USA crude, to load in June, two sources with knowledge of the matter said.

Economy Tesla Autopilot implicated in another emergency-vehicle crash
Author: 0 Tesla Autopilot implicated in another emergency-vehicle crash

No one was in the patrol vehicle when the collision took place in the late morning, the Laguna Beach Police Department said in a message posted along with photos on Twitter. In Utah this month, a Tesla Model S was in autopilot when it slammed into the back of a fire department vehicle that was stopped at a red light. The system will warn drivers when they need to retake control of the vehicle.

Economy Economics - Luxembourg firm to buy United Kingdom sandwich chain Pret A Manger
Author: 0 Economics - Luxembourg firm to buy United Kingdom sandwich chain Pret A Manger

The food-and-drink empire built by JAB, a Luxembourg-based investment company backed by the billionaire Reimann family, competes in the USA with Starbucks Corp. Clive Schlee, Pret A Manger chief executive, today announced 12,000 of its employees, including baristas and head office staff, would be handed a £1,000 windfall once the deal is completed.

Author: 0 European markets are on edge as Italy's government unravels

Yields on 10-year Treasurys edged down to 2.872% from 2.931% at the end of last week. The euro hit a fresh six-month low and yields on Italian debt climbed, increasing the extra borrowing costs or spread that Italy pays in comparison with Germany.

Economy Petrol, diesel prices hiked for 16th straight day
Author: 0 Petrol, diesel prices hiked for 16th straight day

In addition, price in Kolkata inched up to Rs 80.76, against 80.61 per litre on the previous day. The present oil price hike is due to three main factors. The revised petrol prices in metropolitan cities are- Delhi: Rs 78.27 per litre; Mumbai: 86.08; Kolkata: 80.76 and Chennai: 81.11. "We cannot force them to do so but can only request", he said.

Economy Federal Bureau of Investigation urging people to restart routers after thousands infected by 'foreign actors'
Author: 0 Federal Bureau of Investigation urging people to restart routers after thousands infected by 'foreign actors'

The FBI is asking owners of small office and home office routers to reboot their devices after hackers compromised "hundreds of thousands" of routers and networked devices worldwide. "Detection and analysis of the malware's network activity is complicated by its use of encryption and misattributable networks". The Federal Bureau of Investigation is urging everyone to reboot their home and office routers to thwart a malware attack by foreign actors.

Economy ‘’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher
Author: 0 ‘’Biggest Ever Change’’ In Oil Markets Could Send Prices Higher

After WTI Crude rising above 70 bbl, a 4-year high, prices dropped 4% Friday to 67.88 bbl on the New York Merc after Saudi Arabia and Russia's near agreement through OPEC to open up supply in 2-H of this year. OPEC and non-OPEC ministers meet in Vienna on June 22-23, and a final decision will be taken there. "Some 10 percent is probably the maximum level", he said when asked if he agreed with an estimate that the sanctions could remove as much as 800,000 barrels a day from the market.

Economy Lotto-Max's $106 million jackpot breaks Canadian records
Author: 0 Lotto-Max's $106 million jackpot breaks Canadian records

The jackpot for the next Lotto Max draw on June 1 will again be approximately $60 million, but the number of Maxmillion prizes will increase to 50. If no one wins on Friday, another record-high prize could be broken with more Maxmillions being offered.

Economy Russia: We Have a Common Position with Riyadh on Oil Deal
Author: 0 Russia: We Have a Common Position with Riyadh on Oil Deal

The global benchmark for oil prices last week hit a 3½-year high of $80.50, also going back to November 2014, added CNBC. "With oil prices rising more than costs, average industry profitability has turned positive this year", Bernstein Energy said in a note this week, adding that the 50 largest listed oil companies globally "need $47 per barrel oil prices to break even in aggregate".

Economy Amazon Has Picked Up The Expanse for a Fourth Season
Author: 0 Amazon Has Picked Up The Expanse for a Fourth Season

I was telling them that we are working hard at Amazon to save The Expanse but it wasn't a done deal yet. Tonight's announcement was just as sweet to Vincent Buyssens, a Belgian fan who helped organize the #SaveTheExpanse campaign. Fans even paid to have a Save the Expanse banner flown via airplane over Amazon's headquarters. At the broadest level, then, the migration of The Expanse from cable to a streaming service can be seen as an index of the acceleration in " cord cutting ", ...

Economy Memorial Day Feel Pain at Pump as Gas Prices Soar
Author: 0 Memorial Day Feel Pain at Pump as Gas Prices Soar

Those prices reportedly began to climb back up after crashing in 2015 thanks to the Organization of the Petroleum Exporting Countries (OPEC) oil cartel teaming with Russian Federation to slash production prices. Friday from 3 p.m.to 5 p.m. McTeague said he can not recall that high a percentage of people surveyed saying they are not vacationing. The first is demand, given that the number of expected traveling Americans jumped up by 2 million compared to a year ago and is the highest since ...

Economy Petrol, diesel prices on the boil as Modi Govt enters 5th yr
Author: 0 Petrol, diesel prices on the boil as Modi Govt enters 5th yr

Petrol price breached the Rs 80 mark in Kolkata on Thursday, marking a four-year high, four days after the climbed to an unprecedented Rs 70 a litre in the city. Rising fuel prices is a crisis situation for the government. On January 21 of 2018, he said: We are trying that petrol, diesel and kerosene should also come under the ambit of GST .

Economy Brazil truckers refuse to call off nationwide protest
Author: 0 Brazil truckers refuse to call off nationwide protest

Still, the five day strike appeared to dare authorities to respond thanks to road blockages and a domino effect of paralysis that occurred after the transportation of fuel, food and other goods was stopped. The company said the measure would last for 15 days and give the government time to negotiate an end to the strike. "We accepted the 12 main demands of the truckers, who agreed to immediately end the blockades".

Economy South Korea's president says Kim Jong Un still committed to denuclearization
Author: 0 South Korea's president says Kim Jong Un still committed to denuclearization

President Donald Trump . After years of tension over Pyongyang's nuclear weapons program, Kim and Trump agreed this month to hold what would be the first meeting between a serving US president and a North Korean leader. Kim was with his sister Kim Yo-jong and his top aide Kim Yong chol in charge of inter-Korean affairs. "Chairman Kim is anxious about whether he can trust that the US will end the policy of hostility and guarantee the stability of his regime" after denuclearization.

Economy Supply Rumors Send Oil Prices Lower
Author: 0 Supply Rumors Send Oil Prices Lower

Raising production would ease 17 months of strict supply curbs amid concerns that a price rally has gone too far, with ICE Brent Crude Oil having hit its highest since late Y 2014 at 80.50 bbl . "The moment is coming when we should consider assessing ways to exit the deal very seriously and gradually ease quotas on output cuts", Novak said in televised comments.

Economy Elon Musk wants to name his journalist-rating site after Communist newspaper
Author: 0 Elon Musk wants to name his journalist-rating site after Communist newspaper

He followed that up with a series of tweets arguing that "sanctimonious" journalists were driven by constant pressure to generate clicks and earn advertising. "Could do so tmrw if they wanted". Is it just another Musk prank, or is he actually serious about the idea? In recent weeks, Tesla has faced a stream of departures by high executives as Model 3 production has fallen behind schedule, and Musk's odd Twitter persona has not reassured Wall Street analysts that things are getting better ...

Author: 0 Russia Weigh a Supply Boost by Ending Excess Cuts

At the meeting, the participants considered the possibility of increasing production by 1 million barrels per day, Reuters reported . Crude Oil WTI Futuresfor July delivery were trading at $70.63 a barrel at 11:20PM ET (03:20 GMT), down 0.11%.

Economy Netflix Briefly Tops Disney Market Value
Author: 0 Netflix Briefly Tops Disney Market Value

Netflix's stock closed Friday at $351.29 per share, up 0.6%, to give it a market cap of $152.7 billion. While those properties allow Disney to essentially print money, they are no match for what Netflix can do with its grip on people's homes.

Economy Trump signs bill easing recession restraints on banks
Author: 0 Trump signs bill easing recession restraints on banks

Banks above that threshold are more closely monitored by the Federal Reserve. It will simplify capital requirements for banks with less than $10 billion in assets, weakening regulations on trading and lending. Numerous provisions in the new law were based on a bill Shelby wrote as Banking Committee chairman but were dead on arrival with then-President Barack Obama in the White House.

Economy Federal Bureau of Investigation seizes domain behind major Russian botnet
Author: 0 Federal Bureau of Investigation seizes domain behind major Russian botnet

The VPNFilter malware is one of the most complex IoT/router malware strains and capable of some pretty destructive behavior. This renders any device unusable, as the code needed to start the device has been replaced with jumbled data. Because of the nature of these devices, it is nearly impossible to guard them against attacks via conventional anti-malware software. The researchers noted that their research is far from complete, but they went public with it because they fear the botnet ...

Economy Stepmom led investigator to child's body
Author: 0 Stepmom led investigator to child's body

Marshburn declined to talk about Glass' reaction at the scene for fear of jeopardizing the prosecution's case. Jarrell said she was proud to part of a team that kept Lucas' name on people's minds. "We will love you and miss you always Lucas Allen!" On the night before he disappeared, the paper reports that Glass told police she smoked marijuana and left the 5-year-old home alone while she took her 1-year-old daughter to Olive Garden to eat.

Economy Unexpected airport arrival: Dog gives birth at Tampa International
Author: 0 Unexpected airport arrival: Dog gives birth at Tampa International

They announced that six puppies - all boys - were born, and they were patiently awaiting the seventh pup. The dog and her owner were on the way to Philadelphia, but the puppies had other ideas. Pictures posted to Tampa Fire Rescue's official Twitter show a crowd gathered around the dog in a terminal. With eight new babies, Ellie certainly has her hands - or paws - full.

Economy Oil falls as investors grow wary of OPEC commitment to supply deal
Author: 0 Oil falls as investors grow wary of OPEC commitment to supply deal

He declared, "It's time for this president to stand up to OPEC; he's palling around with Saudi Arabia and the United Arab Emirates and all these other oil-rich countries.[Trump] should buck his oil industry buddies". Petersburg worldwide economic forum (SPIEF-2018). But the sources said that the quick decline in global oil inventories and worries about the impact on oil supplies after the USA decision to withdraw from the worldwide nuclear deal with Iran , as well as Venezuela's ...

Economy Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw
Author: 0 Fiat Chrysler Is Recalling 4.8 Million Vehicles Over Cruise Control Flaw

Fiat Chrysler , which in 2015 was hit with penalties from US regulators totaling $175 million for safety lapses, did not say how much the recalls would cost. That being said, the company is unaware of any injuries or accidents related to recall even though affected models have clocked over 200 billion miles (321 billion km).

Author: 0 Uber Self-Driving Car Failed To Recognize Pedestrian, Brake Says US Agency

A spokesman for Ontario's Ministry of Transportation said on Thursday it would ensure it was satisfied with the steps Uber has taken to ensure the safety of its automated vehicles , before resuming testing in Toronto. It also hired a former chairman of the NTSB to advise it on its safety culture, the company said. " As their investigation continues , we've initiated our own safety review of our self-driving vehicles program".

Economy Gas prices ramp up ahead of Memorial Day weekend
Author: 0 Gas prices ramp up ahead of Memorial Day weekend

Fuel prices were not expected to rise this high this year. It is the flawless time for tips to take the sting out of gas prices, says Robert Sinclair of AAA. The survey estimated 3.1 million people will travel by air, a almost 7 percent increase and the fifth year of consecutive air travel volume increases.

Economy Turkish central bank raises key rate and helps lift currency
Author: 0 Turkish central bank raises key rate and helps lift currency

The bank said after an emergency meeting of its monetary policy committee it was raising the late liquidity window lending rate from 13.5 per cent to 16.5 per cent. Erdogan's remarks in London. It traded 2 per cent lower at 4.7641 per dollar by 10.20am in Istanbul. Following the statement the lira dropped as low as 4.6608 before bouncing back to 4.63.

Economy Bringing GST on petrol, diesel will lower prices: Devendra Fadnavis
Author: 0 Bringing GST on petrol, diesel will lower prices: Devendra Fadnavis

With protests over the petrol price gaining momentum across the country, the price of fuel continued to increase for the 12th consecutive day on Friday. The prices had plateaued for almost 20 days prior to the voting day. "We have been given complete independence in this regard", Singh said. This is because of the global oil price fluctuation.

Economy US Newspapers Blocked in Europe as EU Privacy Policy Launches
Author: 0 US Newspapers Blocked in Europe as EU Privacy Policy Launches

There are some other specifics in there about letting people take their data to other services and notifying authorities if there's a hack affecting personal data , but it's really ultimately about consumer control of the personal information that companies collect.

Economy Donald Trump to Naval Academy Graduates: 'America Is Back'
Author: 0 Donald Trump to Naval Academy Graduates: 'America Is Back'

Naval Academy that they are joining "the greatest fighting force for peace, justice, and freedom in the history of the world". But Trump said America has once again chose to speak the truth of our military's strength: "In case you have not noticed, we have become a lot stronger lately".

Economy Comcast Confirms Bid For Fox Businesses
Author: 0 Comcast Confirms Bid For Fox Businesses

Disney , the $153 billion film, television and theme parks conglomerate, is trying to buy the Twentieth Century Fox film studio, Fox Sports Regional Networks and other assets from 21st Century Fox , the $72 billion media company run by the Murdoch family.

Economy Jared Kushner's security clearance restored
Author: 0 Jared Kushner's security clearance restored

According to The New York Times , Kushner was issued permanent security clearance by career staffers of the Federal Bureau of Investigation, after the investigative agency completed its background check against the president's son-in-law. Like the president, Kushner was previously a wealthy real estate magnate and headed up his family's company. The permanent security clearance for Kushner had been pending since previous year.