Economy

Oil rises as investors latch on to OPEC cuts, supply outlook

Oil rises as investors latch on to OPEC cuts, supply outlook

Thanks to the booming domestic production, the U.S.net imports of crude oil and petroleum products have been diminishing in recent years. Brent crude oil futures surged past year - despite abundan...

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Tesla claims 'no choice' in wielding axe on 3000 jobs

Tesla claims 'no choice' in wielding axe on 3000 jobs

Tesla will cut its full-time employees by around 7 percent, CEO Elon Musk said Friday. Currently, the most affordable Model 3 you can buy costs $44,000-significantly above the target price of $...

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Cadillac Releases a Teaser of Its First Full Electric Vehicle

Cadillac Releases a Teaser of Its First Full Electric Vehicle

Cadillac furthered its recent product blitz today with the reveal of the brand's first EV. The company has already promised that this platform will create a number of models with different types of...

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Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible'

Theresa May tells Jeremy Corbyn his conditions for Brexit talks are 'impossible'

Sight of the document comes just days the prime minister's Brexit deal suffered a historic defeat in Parliament. It came after the Department of Transport devised a plan to send 150 trucks to test t...

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GOP dismisses suggestion that State of Union be postponed

GOP dismisses suggestion that State of Union be postponed

Doug Collins says that Democrats can not negotiate a border security deal because Speaker Nancy Pelosi and the Senate minority leader will not allow it. Democrats, he said, have turned Trump's ...

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Michael Strahan promises Clemson 'proper meal' after White House fast food

Michael Strahan promises Clemson 'proper meal' after White House fast food

Instead, Democrats say they will allocate more than $1.3bn for broader border security measures that do not include a wall. "So I had a choice", he said during the meal. The governor said he was "...

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Alexandria Ocasio-Cortez appointed to panel overseeing financial sector

Alexandria Ocasio-Cortez appointed to panel overseeing financial sector

President Trump clashed with Rep. The Hill reported Tuesday evening, citing a "Democratic source", that Rep. Alexandria Ocasio-Cortez, New York Democrat, will join the House Financial Services Co...

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Powell Says Fed Is 'Waiting and Watching' With Patience on Rates

Powell Says Fed Is 'Waiting and Watching' With Patience on Rates

Federal Reserve Chairman Jerome Powell said the US central bank can be patient before adjusting interest rates again as it waits to see how global risks impact the domestic economy. The Fed chair wil...

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'Bold steps' needed on N Korea denuclearisation - Moon

'Bold steps' needed on N Korea denuclearisation - Moon

Mr Moon said Mr Kim's latest trip to Beijing signalled that a second summit was imminent. Mr Xi said China supported North Korea and the USA "holding summits and achieving results, and supports ...

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Sex Toy Stripped of CES 2019 Award Because Vaginas

Sex Toy Stripped of CES 2019 Award Because Vaginas

Sex toy company Lora DiCarlo's robotic massager, called the Osé, was developed at Oregon State University's robotics lab and bills itself as a "product designed for hands-free blended orgasms" that...

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Trump Lauds Progress as Day Two of Beijing Trade Talks Wrap Up

Trump Lauds Progress as Day Two of Beijing Trade Talks Wrap Up

China and the U.S. "conducted extensive, in-depth and meticulous exchanges on trade issues and structural issues of common concern, which enhanced mutual understanding and laid the foundation for res...

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Hyundai Elevate Concept Is A Futuristic Go-Anywhere Vehicle

Hyundai Elevate Concept Is A Futuristic Go-Anywhere Vehicle

And once the first responders are clear of the disaster zone, the Elevate's legs retract under the cabin and drive like a conventional EV. "Elevate has the ability to take people where no vehicle has ...

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Government shutdown could hinder speed of tax refund

Government shutdown could hinder speed of tax refund

But fear not! While the Internal Revenue Service now lacks the funds to process refunds, it is fully prepared to process tax returns that include payments to the government. Meanwhile, several types o...

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This may be the new 2019 iPhone Xi

This may be the new 2019 iPhone Xi

One of the very trusted leakster Onleaks has leaked the first look of the alleged iPhone XI, yes that is what it calls the iPhone, so we assume that is also what Apple might call the upcoming iP...

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LA sues Weather Channel app owner over 'fraudulent' data use

LA sues Weather Channel app owner over 'fraudulent' data use

The suit doesn't allege personally identifiable information was sold. The Weather Channel app allegedly amassed user location data without permission or users' knowledge. "The Weather Company has ...

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Not concerned about Apple’s stock price slump: Donald Trump

Not concerned about Apple’s stock price slump: Donald Trump

The tension has dragged on for almost a year, slowing business and dragging down stock indexes worldwide. China's government said trade talks between the US and China will be held Monday and Tuesd...

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Trump advisor says China stole Apple technology, but provides zero evidence

Trump advisor says China stole Apple technology, but provides zero evidence

Apple shares plummeted almost 8 percent in after-hours trading and pulled down a bevy of consumer stocks with exposure to the Chinese market. Market analysts believed that Apple's products like...

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Activision Blizzard plans to terminate CFO Neumann

Activision Blizzard plans to terminate CFO Neumann

As of yet, Activision Blizzard has not made any comments on such reports. Netflix is expected to announce the news in the next few days. Activision in its regulatory filing said that it meant to...

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Lexington police saddened after box truck carrying donuts catches fire

Lexington police saddened after box truck carrying donuts catches fire

In photos shared by police department's Twitter account, three officers expressed shock and sorrow at the delicious loss. "No words", the Lexington Police Department wrote on Facebook along ...

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Cyber attack hits USA newspaper distribution

Cyber attack hits USA newspaper distribution

When some L.A. Times readers called to inquire about their print edition, the customer service phone lines were on the fritz. "There is no evidence that customer credit card information or persona...

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Two local Sears stores to close

Two local Sears stores to close

Lampert says his plan would let 50,000 Sears employees keep their jobs. Sears chairman Eddie Lampert proposed to buy out the company as a whole through his hedge fund, ESL Investments, for $4.6 bill...

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Donald Trump Demands Wall for Christmas During Shutdown

Donald Trump Demands Wall for Christmas During Shutdown

On Christmas Eve, President Trump and his wife, first lady Melania Trump, fielded phone calls from children who had called the North American Aerospace Defense Command (NORAD) to check on Santa Clau...

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Oil Gains Most in Two Years on Stock Rally, Russian Reassurance

Oil Gains Most in Two Years on Stock Rally, Russian Reassurance

While economic worries have weighed, the outlook is not as weak as in 2016 when a supply glut built up, because OPEC this time is trying to prop up the market, Jakob said. Furthermore, some analysts...

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Houston Grocery Stores Open on Christmas Eve and Day

Houston Grocery Stores Open on Christmas Eve and Day

Dollar General stores will all be open on Christmas Eve until 10 p.m. local time. With only a few hours left until retailers close their doors, we talked to last-minute shoppers could out to find...

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Lidl Christmas 2018 and New Year's shopping opening hours

Lidl Christmas 2018 and New Year's shopping opening hours

No services at all will run on Christmas Day , and a special timetable will be in place for Boxing Day , which First is due to uploaded to its website. There will be no trash or recycling collectio...

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Gatwick Airport: Why has Gatwick suspended ALL flights? When will flights resume?

Gatwick Airport: Why has Gatwick suspended ALL flights? When will flights resume?

Flights were diverted or grounded at London's Gatwick Airport after two drones were spotted near the airfield at around 9 p.m. Wednesday night. London's Gatwick Airport remains shut while po...

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How Facebook Shared Data With Partners Without You Knowing

How Facebook Shared Data With Partners Without You Knowing

In their defense, Netflix and Spotify have claimed that they were unaware of the special access . The movie-rating site Rotten Tomatoes and the music-streaming site Pandora weren't cut off until ...

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California farm linked to E. coli outbreak recalls cauliflower, lettuce

California farm linked to E. coli outbreak recalls cauliflower, lettuce

The affected products were sold from December 3 through the 14. 'The recall was initiated after it was discovered that sediment from a reservoir near where the produce was grown tested positive fo...

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Google Plans to Spend Over $1 Billion on New York City Campus

Google Plans to Spend Over $1 Billion on New York City Campus

And last week, Apple detailed plans to build a $ 1 billion campus in Austin, Texas , as well as open offices in Seattle, San Diego and Culver City, California. "Our investment in NY is a huge part o...

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Farm Bill legalizes hemp production

Farm Bill legalizes hemp production

State governments may impose separate restrictions or requirements on the cultivation and the sale of hemp and hemp products. The measure was supported by both Republicans and Democrats who argu...

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Apple to open $1bn Austin campus despite ‘peak iPhone’ concerns

Apple to open $1bn Austin campus despite ‘peak iPhone’ concerns

The new Austin jobs are expected to mirror the same mix Apple already has at its existing campus, ranging from jobs in technology and research that pay well over $100,000 to lower-paying positions i...

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Banks ask new RBI governor Shaktikanta Das for relaxation in PCA norms

Banks ask new RBI governor Shaktikanta Das for relaxation in PCA norms

In his resignation letter, however, Patel cited "personal reasons" for his decision. "The policy of the RBI normally shows how the country will act in terms of spending, and right now, because his...

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Virgin's SpaceShipTwo reaches space for first time

Virgin's SpaceShipTwo reaches space for first time

The rocket burnt for 60 seconds before being shut down, leaving the craft to coast to the top of its climb, reaching an altitude of 51.38 miles. During the flight, the two men were able to experience ...

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China Could Cut Tariffs On U.S.-Made Vehicles

China Could Cut Tariffs On U.S.-Made Vehicles

The world's two largest economies are finally playing nice, starting first with soybeans. "I've heard rumors that they're going to buy our beans and put them in reserve, but I don't see ships sittin...

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Traders Continue to Assess Impact of Production Cuts Amid Other Uncertainties

Traders Continue to Assess Impact of Production Cuts Amid Other Uncertainties

But amid mounting global uncertainty on everything from trade and monetary policy to politics, that forecast is far from consensus. The decision to reduce oil production, taken at the end of the ...

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