Markets

Boeing issues safety bulletin about 737 Max airplanes

Boeing issues safety bulletin about 737 Max airplanes Indonesian accident investigators said an airspeed indicator of a Boeing Co 737 MAX plane that crashed last week was damaged for its last four flights, but U.S. Lion Air flight JT610 was en route to Pangkal Pinang, Indonesia, when it suddenly lost contact with traffic control operators after departing from Jakarta. [Full Article...]

Lowe's announces store closures affecting IL

Lowe's announces store closures affecting IL Further details regarding the store closures are expected to be provided alongside the company's Q4 results in November. Earlier in the year, Ellison outlined a plan to sharpen the brand's focus on retail fundamentals and limit any project or initiative that detracted from Lowe's core mission of being a "great omnichannel home improvement retailer". [Full Article...]

China says Xi-Trump phone call 'extremely positive'

China says Xi-Trump phone call 'extremely positive' Though China's overall economic status is stable, "uncertainty in our country's economic development has clearly increased, downward pressure has grown, and companies are facing more difficulties", said Mr Xi, according to the official Xinhua news agency. [Full Article...]

Bus service through PoK doesn't change our stand on Kashmir: China

Bus service through PoK doesn't change our stand on Kashmir: China Pakistan's government has "inherited a very hard economic situation", Khan told Xi. The minister went on to say that the prime minister's China visit would rid the country out of economic crisis. Khan will meet Chinese Premier Li Keqiang on Saturday (today), when the two countries are expected to sign a series of agreements. Foreign Minister Shah Mahmood Qureshi, Finance Minister Asad Umar , ... [Full Article...]

Oil prices plunge amid increased global supply

Oil prices plunge amid increased global supply Cohen says Barclays expects a flat performance from oil in 2019 in spite of the geopolitical environment because US shale production is likely to ramp up, replacing some American demand in the global market with increased supply. Crude oil prices have already declined significantly over the last month, going from a high of almost $87 per barrel on October 3 to about $72.55 per barrel on Frid... [Full Article...]

RBI Governor Urjit Patel may not quit, resignation reports baseless

RBI Governor Urjit Patel may not quit, resignation reports baseless In one hand it is criticising RBI for NPAs and on the other accusing it of a liquidity squeeze. Adding to the row, Finance Minister Arun Jaitley blamed the central bank for failing to stop a lending spree during 2008-2014 that left banks with $150 billion of bad debt. [Full Article...]

S&P cuts IBM debt rating following Red Hat acquisition

S&P cuts IBM debt rating following Red Hat acquisition The acquisition , IBM's biggest so far, will provide open approach to Cloud, featuring unprecedented security and portability across multiple clouds, a joint statement said late Sunday. Red Hat was founded in the 1990s by Canadian Bob Young. Both companies took pains to say that the Red Hat ethos and commitment to the open-source community would continue. [Full Article...]

India's Bhavye Suneja captained Lion Air plane that crashed in Indonesian seas

India's Bhavye Suneja captained Lion Air plane that crashed in Indonesian seas The plane was a Boeing 737 MAX 8, a brand new type of aircraft. It wasn't immediately clear how many people were on board. Lion Air Group CEO Edward Sirait said that the plane had a technical problem on a previous flight, but that had been resolved. [Full Article...]

Two Safeways in San Francisco sell partial Mega Millions tickets

Two Safeways in San Francisco sell partial Mega Millions tickets The Texas victor and one in Florida included the optional Megaplier, so those two tickets are worth $3 million each. Somebody, somewhere in SC, is going to look at their bank balance Wednesday and think: Well, that escalated quickly. Uncle Sam will also be a big victor when someone does finally match the winning numbers. Most states require that lottery winners' names be shared, but SC is one of... [Full Article...]

Jeff Bezos Loses $14 Billion as Amazon Stock Plunges

Jeff Bezos Loses $14 Billion as Amazon Stock Plunges But the company's revenue for the period was lower than expected, and it offered a disappointing revenue forecast for the fourth quarter . If they can continue to grow its cloud, advertising, and subscription services, its margins will continue to improve and given Amazon's massive revenue , this is a good recipe for mega profits down the line. [Full Article...]

Owner warns others to stop feeding 'gold-digging' dog McDonald's

Owner warns others to stop feeding 'gold-digging' dog McDonald's Reyes even posted photographic evidence of the ruse by her sneaky dog sitting by a line of waiting cars at the local fast food joint. Princess can be seen apparently "begging" for food as a auto pulls up beside her. She's not, and she's well fed, Reyes noted. Reyes posted video of Princess caught red handed - or red pawed, rather. The post has been shared more than 263,000 times. [Full Article...]

China suggests President Trump switch to Huawei phones after wiretapping accusations

China suggests President Trump switch to Huawei phones after wiretapping accusations Trump's cellphone calls . China is eavesdropping on calls US President Donald Trump makes to personal friends on his private cellphone, The New York Times reported , singling out two Jewish businessmen. According to The New York Times , aides and people who know Donald Trump said that it was only late past year that he finally began to regularly use his government-issued cellphone inst... [Full Article...]

UN Special Rapporteur Claims Saudi State Responsible for Khashoggi's Murder

UN Special Rapporteur Claims Saudi State Responsible for Khashoggi's Murder Trump told the Wall Street Journal in an interview this week that he didn't think Saudi King Salman knew about the killing in advance. An independent United Nations investigator says Saudi journalist Jamal Khashoggi was the victim of an "extrajudicial execution" carried out by the Saudi state. [Full Article...]

Elon Musk announces hyperloop test tunnel opening date

Elon Musk announces hyperloop test tunnel opening date At this speed, the platform takes less than a minute to complete the test track. While the trial tunnel - which begins on the site of Musk's rocket company SpaceX in Hawthorne, California - injects a dose of realism to his vision of a hyper-fast underground system, key questions remain. [Full Article...]

Mega Millions $1.6 Billion Jackpot: Quirks And Surprises Behind The Numbers

Mega Millions $1.6 Billion Jackpot: Quirks And Surprises Behind The Numbers It has been three months since someone took home the boffo bonanza. No one has won the Mega Millions jackpot since July 24 when 11 co-workers in California split $543 million. The Mega Millions tax bite, though, is pretty solid. The estimated cash option is about $905 million should a victor choose to take a one-time lump sum payment instead of annual payouts over 30 years, according to Mega... [Full Article...]

Trump calls Khashoggi murder 'worst cover-up in history'

Trump calls Khashoggi murder 'worst cover-up in history' After weeks of denial, Saudi Arabia at the weekend said the journalist had been killed at the consulate. The Saudi story has shifted drastically since Khashoggi was last seen entering the consulate on October 2; the official line is now that he was accidentally killed when a discussion with officials turned into a brawl. [Full Article...]

Moody's downgrades Italy credit rating on debt, deficit concerns

Moody's downgrades Italy credit rating on debt, deficit concerns The Italian government has until midday Monday to respond to the European Union letter, which expresses concern about Italy's structural deficit and its high debt level, and seeks more information about Italy's growth outlook from its new populist government. [Full Article...]

Tesla Announces $45,000 Mid-Range Model 3

Tesla Announces $45,000 Mid-Range Model 3 A dual motor, all-wheel drive version with a long-range battery (310 miles) starts at $54,000. While the electric-car maker was always expected to announce a less expensive variant of the Model 3 , there's been no discussion of a mid-range version that would come in between Tesla's long-range and promised standard-battery versions. [Full Article...]

New footage appears to show Saudi suspect wearing Jamal Khashoggi's clothing

New footage appears to show Saudi suspect wearing Jamal Khashoggi's clothing Kushner has cultivated a close relationship with Saudi Crown Prince Mohammed bin Salman, the kingdom's de facto leader. For his part, Salah Jamal Khashoggi thanked the crown prince for his condolences. Turkish sources say authorities have an audio recording purportedly documenting Khashoggi's murder. Britain, Germany and France issued a joint statement condemning the killing of Khashoggi... [Full Article...]

US Mega Millions jackpot nears $1 billion hours before drawing

US Mega Millions jackpot nears $1 billion hours before drawing The estimated cash value is $199 million. The jackpot has been growing since July, when some California office workers won $543 million. There was no victor in Tuesday's Mega Millions lottery draw, meaning the jackpot is yet another rollover. [Full Article...]


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