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The unemployment rate stayed at 3.7 percent, the lowest it's been in almost 50 years. Eighteen states have increased their minimum wages this year. "It is encouraging to see that Americans are seeing more in their paychecks as job creators compete for the best talent in the workforce", Acosta said in a statement.
  • Facebook user growth continues to slow

    Facebook user growth continues to slow

    Markets

    From September 2017 to September 2018, daily active users (DAUs) increased 9% to 1.49 billion. Profit beat Wall Street expectations by jumping nine percent to $5.14 billion on revenue that leaped 33 percent to $13.7 billion in the quarter that ended September 30.
  • Oil price falls to $75 from high of $86

    Oil price falls to $75 from high of $86

    Markets

    News of talks between Saudi Arabia and Kuwait to resume production in Partitioned Neutral Zone, whose output was around 500000 to 600000 BPD before it was closed, ended without any resolution drove crude oil price to weekly lows. As sanctions take effect, buyers for Iran's crude will dry up. Investors will look to official government data on US inventories due on Wednesday.
  • China Is Next on Khan's List as Pakistan Looks for Bailout Money

    China Is Next on Khan's List as Pakistan Looks for Bailout Money

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    A loan of Dollars 1.5 billion is also expected to be offered, along with an additional package of USD three billion for the China-Pakistan Economic Corridor (CPEC), the report said. Finance Minister Asad Umar said this week a bailout was the only option and the government was seeking funds from various sources, including China, to avoid dependence on one country or institution.
  • Britain, EU strike financial services deal — BREXIT

    Britain, EU strike financial services deal — BREXIT

    Markets

    The British pound jumped as much as 0.5 percent against the dollar following the report. It offered a glimmer of hope for anxious businesses, as it said policymakers saw greater clarity on Brexit emerging "in the relatively near term". The EU has no such regime for major activities including commercial bank lending and parts of the insurance sector. Yes. Government ministers have said that the current equivalence system is opaque and unreliable because all decisions are made unilaterally ...
  • Japan Airlines pilot admits being almost 10 times over alcohol limit

    Japan Airlines pilot admits being almost 10 times over alcohol limit

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    Japan Airlines said the flight was delayed more than an hour and had to be operated by the remaining two pilots. Yesterday the pilot pleaded guilty at Uxbridge Magistrates' Court to exceeding the alcohol limit. Jitsukawa was arrested at Heathrow Airport in London after failing an alcohol breath test. For the London-Haneda flight, the airline operates the route with three pilots on board although the flying time is under 12 hours.
  • Starbucks unveils holiday cups and new festive drinks

    Starbucks unveils holiday cups and new festive drinks

    Markets

    She said customers "loved the tradition of Christmas". With Halloween over, the holiday season begins to get underway, and one of the telltale signs that Christmas is coming is Starbucks' unveiling of their holiday cup selection. Also making a comeback are the six holiday beverages, including Peppermint Mocha, Toasted White Chocolate Mocha, Caramel Brulee Latte, Chestnut Praline Latte, Gingerbread Latte and Egg Nog Latte.
  • Crude Oil Analysis: Oil Waivers Raises Risk of Key Support Break

    Crude Oil Analysis: Oil Waivers Raises Risk of Key Support Break

    Markets

    India, the world's third-biggest oil consumer, has imported about 22 million tons of crude oil from Iran in 2017-2018 and plans to raise that to about 30 million tons in 2018-2019. Oil prices climbed for the first time in three days on Wednesday, rising around 1 percent ahead of the start of US sanctions against Iran next week and as stock markets clawed back some of the losses they racked up this month.
  • Trump, Xi eye G-20 talks after 'very good' phone call

    Trump, Xi eye G-20 talks after 'very good' phone call

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    In a phone call with U.S. President Donald Trump, Xi also said China would continue to play a constructive role in the process. Jacob Parker, vice president of China operations at the US-China Business Council in Beijing , said there were plenty of challenges that would require significant negotiations in advance of a meeting between Trump and Xi to ensure success.
  • US restricts exports to China's Fujian Jinhua

    US restricts exports to China's Fujian Jinhua

    Markets

    However, the Commerce Department's export ban could end up limiting the Chinese company's development. The U.S. Commerce Department is restricting American firms from exporting parts to a Chinese DRAM producer that develops semiconductors .
  • NZ dollar lifted as Donald Trump predicts great deal with China

    NZ dollar lifted as Donald Trump predicts great deal with China

    Markets

    The New Zealand dollar got a lift when markets were cheered after US President Donald Trump told Fox News that he predicts a "great deal" with China on trade. The Nasdaq is up 146.90 points, or 2.1 percent. The Nasdaq has dropped 13% from its August 29 record high. The chill around China and global trade left emerging- market stocks at an 18-month low, with MSCI's index down for a sixth day in a row.
  • Oil Rises On Small Market Bounce, But Investors Eye Trade Outlook

    Oil Rises On Small Market Bounce, But Investors Eye Trade Outlook

    Markets

    The first set of sanctions that kicked in on November 7 included Iran's acquisition of USA dollars and the second round which comes into effect on November 4, includes the purchase of petroleum and petroleum products from Iran. However, another opportunity has risen for the government. The value of the 280,000 barrels sold on October 28 is about $21 million and the Iranian companies should pay off the 80% of this value through foreign currencies.
  • Hyundai, Kia Cars Will Offer Solar Roofs After 2019

    Hyundai, Kia Cars Will Offer Solar Roofs After 2019

    Markets

    Under optimum conditions, Hyundai says the solar roof can recharge 58 per cent of a hybrid's battery on a summer's day, and around 30 per cent in winter. The company says that the third-generation system for battery electric vehicles is still now in testing and has now offered up no further details on this.
  • Pakistan moves up 11 spots in 'ease of doing business' ranking

    Pakistan moves up 11 spots in 'ease of doing business' ranking

    Markets

    India took up the 100th spot in the list past year. India carried out six business reforms during the past year, earning the credentials of being a top global improver for a second consecutive year, says the World Bank Group's Doing Business 2019: Training for Reform report, released on Wednesday.
  • Chancellor reveals half of savings for high taxes will be clawed back

    Chancellor reveals half of savings for high taxes will be clawed back

    Markets

    A tech tax is already being considered by the European Commission , which in March this year unveiled its proposals in an effort to get leading (and mostly American) technology companies to pay more tax. Hammond said a global agreement remains the "best long-term solution", but the U.K.is moving forward with its own tax amid slow progress in those talks.
  • RBI vs Govt: Centre to soon issue a statement

    RBI vs Govt: Centre to soon issue a statement

    Markets

    Government officials believe that RBI Governor Urjit Patel has some responsibility for the controversy, and he can not expect an extension of his current three-year term - which ends next September - "as his right", one of the officials added.
  • The U.S. economy grew by 3.5 percent in the third quarter

    The U.S. economy grew by 3.5 percent in the third quarter

    Markets

    Consumer spending, which accounts for about 70% of the economy, unexpectedly accelerated to a 4% increase - the best since 2014 - while the 0.8% gain in nonresidential business investment was the weakest in nearly two years. Council of Economic Advisers Chair Kevin Hassett on the state of the economy, reports China is no longer buying USA debt and the potential impact of socialism on the economy.
  • IBM to Acquire Red Hat for $34 Billion

    IBM to Acquire Red Hat for $34 Billion

    Markets

    While AWS and Microsoft haven't had much trouble courting those companies, IBM and Red Hat will attempt to argue that they'll offer the most "open" approach to the hybrid cloud given Red Hat's open-source legacy and their commitment to helping those companies navigate multiple public cloud options, which can be very complicated at older companies that lack cutting-edge IT talent.
  • Can Arab Countries Make Up For India's Loss Of Iranian Oil?

    Can Arab Countries Make Up For India's Loss Of Iranian Oil?

    Markets

    OPEC has started sending mixed signals, too, with Saudi Energy Minister forecasting that the global oil market would shift to oversupply in Q4 2018 amid high stockpile rates. -Saudi relationship over the killing of Saudi journalist Jamal Khashoggi . Markets have been hit hard this month by a range of worries, including the Sino-U.S.
  • China tells state-owned giants to halt Iran oil buying

    China tells state-owned giants to halt Iran oil buying

    Markets

    However, there has also been new concern among market players: that global economic growth may be slowing down and will continue to slow down, ultimately hurting oil demand. Saudi Arabia , who is a powerful influencer of oil price and supply, faces global pressure after the suspected murder of Washington Post columnist Jamal Khashoggi at the Saudi embassy in Istanbul at the start of October.
  • Text leads to Mega Millions win for Virginia woman

    Text leads to Mega Millions win for Virginia woman

    Markets

    Livingston will need a hip replacement, but he says he's thankful. "So they said, 'Why don't you go in with us?" Kelley Brooks bought a Mega Millions victor after her husband Larry sent her a reminder text to pick up a ticket. According to the release, Heft purchased his $1 million ticket at Pick 'n Save in Madison and matched five numbers, but not the Powerball. He lives alone on a fixed income and says he is going to use his lottery winnings to pay taxes.
  • Tesla’s third quarter positive earnings undoes much of Musk’s damage to stock

    Tesla’s third quarter positive earnings undoes much of Musk’s damage to stock

    Markets

    Tesla is now building a factory in China, which will feature production lines for two models - likely the Model 3 and Model Y - to be sold in that country. In July 2017, Musk said he was confident that Tesla would be producing 20,000 Model Three's a month in December 2017, in line with his previous pledge of having 5,000 vehicles a week by year's end.
  • China leads the way as world's billionaires get richer

    China leads the way as world's billionaires get richer

    Markets

    The U.S. still has the world's largest number of billionaires at 585, but only created 53 new ultra rich a year ago, while 31 fell out of the league. China produced around two new billionaires a week previous year. The US still leads regionally, with 585 billionaires, but wealth creation in the region is slowing. This year, however, has seen stock markets decline worldwide over interest rate increases in the US and emerging market volatility, only to be exacerbated by tensions surrounding ...
  • US revokes Saudi visas in first action over Khashoggi

    US revokes Saudi visas in first action over Khashoggi

    Markets

    The Turkish president, while noting that worldwide law and the Vienna convention gave diplomatic immunity to the consulate building and its staff, said a full investigation must be carried out by a neutral party to hold those culpable to account.
  • Polo-based Volkswagen T-Cross compact SUV unveiled

    Polo-based Volkswagen T-Cross compact SUV unveiled

    Markets

    We unveiled it a few hours ago in Shanghai, and São Paulo will follow later tonight. The new mid-sized SUV is based on the new-gen Polo platform and will be making its way to India as a part of Volkswagen's India 2.0 strategy. Optional features will include driver attention monitoring, adaptive cruise control, and an automated parking assistant. The global spec T-Cross comes equipped with a host of safety and convenience features as well, including adaptive cruise control, pedestrian ...