Business

Government shutdown: TSA shortages push MIA to close terminal

Government shutdown: TSA shortages push MIA to close terminal

The news comes as the National Air Traffic Controllers Association hit the Trump administration with a lawsuit in DC federal court Friday, arguing the government has "unlawfully deprived" its memb...

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Toyota recalls 1.3 million vehicles in the US

Toyota recalls 1.3 million vehicles in the US

It includes multiple Toyota, Scion and Lexus brands from model years 2010 through 2017, according to a news release from the company. It's the next step in what has been one of the biggest automotiv...

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FDA Halts Routine Food Inspections Due to Government Shutdown

FDA Halts Routine Food Inspections Due to Government Shutdown

The partial shutdown is on track to be the longest since the 1970s if the government doesn't reopen by Saturday. A meeting Wednesday between congressional leaders and President Donald Trump ended ...

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Saudi Arabia announces rise in oil reserves

Saudi Arabia announces rise in oil reserves

The falling inventories came amid rising crude imports, which recorded an average of 7.8 million barrels per day (bpd) last week, the report said. He also announced a further 100,000 bpd cut in Febr...

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China-US trade talks end on positive note

China-US trade talks end on positive note

Notably, in Thursday's press conference in Beijing , Gao avoided verifying some of the specifics of the USTR press release, including the promise for China to purchase increased amounts of USA goods ...

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IPhone 11 will have triple camera, XR successor will have dual

IPhone 11 will have triple camera, XR successor will have dual

The US company plans to release a large iPhone with a triple rear camera and two smaller iPhones with double rear cameras later this year, it was reported . Apart from the camera and a faster proce...

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General Motors: Firm on Oshawa closure

General Motors: Firm on Oshawa closure

GM reviewed the proposals and met with Unifor President Jerry Dias on Tuesday where they told him they weren't going to change their mind and extend operations in Oshawa. "But at least he's fighting...

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Longer US government shutdown will hit economy, says Fed chief

Longer US government shutdown will hit economy, says Fed chief

He said an "extended" shutdown would show up in economic data "pretty quickly" and, since it shutters some agencies that provide economic data, it would also make the picture of the economy less cle...

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Ford Europe, Jaguar to slash thousands of jobs amid turnaround efforts

Ford Europe, Jaguar to slash thousands of jobs amid turnaround efforts

The job cuts come as Ford and JLR have been hit by a fall in demand for diesel-engined cars and after European policy-makers last month agreed stricter pollution limits, forcing auto makers to acceler...

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Lucky Lincoln: Rare 1943 Penny Could Fetch Over $1 Million at Auction

Lucky Lincoln: Rare 1943 Penny Could Fetch Over $1 Million at Auction

But a handful of the coins were mistakenly pressed with copper and Don Lutes Jr. discovered one of them in his change from his MA high school lunch in the forties. Heritage Auctions now lists Lutes's ...

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Trump Complains Again About Fed, Calling Rates ‘Rapidly Raised’

Trump Complains Again About Fed, Calling Rates ‘Rapidly Raised’

This, along with a 100 basis point cut in China's bank reserve requirement ratios and comments from Fed Chair Jerome Powell that the USA central bank would be flexible in its approach in 2019, has...

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Jeff and MacKenzie Bezos announce they are getting a divorce

Jeff and MacKenzie Bezos announce they are getting a divorce

He and his wife both signed the announcement, which ended with a vow to remain "cherished friends ". They were married in 1993, after meeting at D.E. That's all well and good, but having enough ma...

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US official says China trade talks ‘went just fine’

US official says China trade talks ‘went just fine’

A statement released by China's Commerce Ministry on Thursday morning said both sides carried out "wide, deep and thorough exchanges" on trade and structural issues of mutual concern. "Our sense is ...

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Sears reaches deal to stay in business, for now

Sears reaches deal to stay in business, for now

For Sears Holdings , it appears the end is at hand. The deal could keep 425 of the stores open. An auction to sell Sears Holdings' remaining assets is scheduled for January 14. In addition, Lampert w...

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Elon Musk breaks ground on first Tesla factory outside US

Elon Musk breaks ground on first Tesla factory outside US

Chinese media reports said Musk would be in Shanghai to break ground on the plant, which Bloomberg News has reported could cost $5 billion. "Aiming to finish initial construction this summer...

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What hope for markets in the US-China trade talks?

What hope for markets in the US-China trade talks?

US Commerce Secretary Wilbur Ross signalled in a CNBC interview on Monday that there was a "very good chance" of reaching an agreement. The first round of comprehensive trade talks between the U...

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Oil prices rise over two percent on trade talk optimism

Oil prices rise over two percent on trade talk optimism

Oil futures have gained about 10 percent since last Monday. WTI and Brent were each up 2 percent during midday trading, with WTI closing in on $50 per barrel and Brent jumping above $58 per barrel. ...

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Hyundai rescue vehicle concept walks like a reptilian

Hyundai rescue vehicle concept walks like a reptilian

Hyundai calls the Elevate EV the world's first vehicle with moveable legs. "Its four highly dexterous and movable legs can be utilised in ways beyond the imagination to allow Hyundai's inception of ...

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Flights grounded at London Heathrow after drone sighting

Flights grounded at London Heathrow after drone sighting

She explained: "Heathrow's aim is to design a sustainable, fair and more efficient future airport while connecting the United Kingdom to global growth". Today, the British government announced a packa...

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Elon Musk Is Unsuitable. Tesla Isn't America's No. 1 Premium Carmaker

Elon Musk Is Unsuitable. Tesla Isn't America's No. 1 Premium Carmaker

On Friday, the 4th of January, the Tesla Inc . said that they had been planning to start delivering their Model 3 cars to the customers in China from March, 2019, concreting the time-frame, which was...

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LA sues IBM's Weather Company over 'deceptive' use of data

LA sues IBM's Weather Company over 'deceptive' use of data

The 15-page complaint accuses TWC of violating California's Unfair Competition Law through "fraudulent and deceptive business acts and practices", primarily by failing to disclose the uses to which it...

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Central bank to relax reserve ratio criteria to enhance lending

Central bank to relax reserve ratio criteria to enhance lending

Keeping employment stable relies on numerous small and micro-sized enterprises, whose development requires the support of inclusive financing, a promising and beneficial cause, Li made the remarks dur...

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US economy added 312,000 jobs in December

US economy added 312,000 jobs in December

In 2018, employers added 2.6 million jobs, or an average of almost 217,000 a month, according to the Labor Department. Jobs in construction rose by 38,000 with job gains in heavy and civil engin...

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Shares - Wall Road Flies Excessive on Fed Persistence, Job Features

Shares - Wall Road Flies Excessive on Fed Persistence, Job Features

He has blamed the Fed for stock market declines and said he is " not even a little bit happy " with Mr Powell, whom he named to lead the Fed in 2017. "If the president asked you to resign, would you...

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Powell says he would reject any request from Trump to resign

Powell says he would reject any request from Trump to resign

He added that the United States central bank would not hesitate to adjust its balance sheet reduction plan if it causes problems in the markets. The Labor Department reported on Friday that 312,000 ...

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McDonald's and Greggs clap back at Piers Morgan's vegan tweets

McDonald's and Greggs clap back at Piers Morgan's vegan tweets

Available alongside Greggs' best-selling meat sausage roll, the new offering will be free of animal products. The company has today launched a vegan version of its legendary sausage roll in United...

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NI couple to go public as £114.9m EuroMillions winners

NI couple to go public as £114.9m EuroMillions winners

They went public with the news on Friday at a press conference outside Belfast, where the Connollys announced they would share the prize with 50 friends and relatives. The couple also told how before ...

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Polestar 2: 300-mile, 400-hp electric sedan coming soon

Polestar 2: 300-mile, 400-hp electric sedan coming soon

Volvo's Polestar division has released a teaser image of its upcoming Polestar 2 EV, providing only a tantalizing glimpse of the sedan that follows the Polestar 1 coupe. Tesla has asked the Don...

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Unemployment rate drops in Windsor

The Bank of Canada has raised rates five times since July 2017 as the economy strengthens but analysts say there is no chance it will tighten again on January 9. For all of 2018, employment in Alberta...

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Marriott breach: 25 million passport numbers, some unencrypted, taken in massive hack

Marriott breach: 25 million passport numbers, some unencrypted, taken in massive hack

If there is some good news to be had for Marriott, it is that the total number of stolen records is a bit lower than first feared. Marriott said its call center reps will soon be able to help cu...

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