Markets

Get your ticket: Mega Millions jackpot reaches $654 million

Get your ticket: Mega Millions jackpot reaches $654 million Mega Millions jackpots can quickly reach outsized amounts because each prize begins from an initial $40 million and rolls over, sometimes for weeks and weeks, before anyone claims their winnings. So don't quit your day job just yet. Any player who matches all numbers Wednesday night will win $9.6 million ($5.53 million cash option). And Friday's Mega Millions wasn't a complete bust. [Full Article...]

Factors beyond producers' control are impacting oil market - OPEC

Factors beyond producers' control are impacting oil market - OPEC In its Monthly Oil Market Report for October, released Thursday morning, the Organization of the Petroleum Exporting Countries ( OPEC ) noted that the cartel's average price for its reference basket soared by $4.92 (up 7%) to $77.18 a barrel in the month of September. [Full Article...]

IEA sees world oil market 'adequately supplied'

IEA sees world oil market 'adequately supplied' Earlier this week, the International Monetary Fund slightly downgraded its projection for global growth for this year and next-at 3.7 percent, growth is now expected 0.2 percentage point lower than IMF's forecast from April this year. "The bearish alarm bells are ringing for next year's oil balance as market players brace for the return of a supply surplus", said Stephen Brennock of oil broker... [Full Article...]

Facebook says hackers accessed data from 29 million accounts

Facebook says hackers accessed data from 29 million accounts Initially, Facebook said that 50 million accounts could be attacked, but they did not know exactly whether the unauthorized use of the data. While Facebook claims the message content was not available to attackers, even this could have been seen if the person was Page admin and had received a message from someone. [Full Article...]

Have 19 hours? World’s longest commercial flight takes off

Have 19 hours? World’s longest commercial flight takes off Aviation enthusiasts, clad in T-shirts made to commemorate Singapore Airlines' launch of the world's longest non-stop commercial service, at yesterday's pre-flight reception in the gatehold room. "My cousin said 'hey, this is in the press.' I'm going to take pictures and show her", she said. The Singapore to NY leg, which takes off on Oct 11, is expected to take 17 hours and 50 minutes, and the ... [Full Article...]

International Monetary Fund gives United Kingdom government green light to ease austerity

International Monetary Fund gives United Kingdom government green light to ease austerity Stressing that the International Monetary Fund do not see the recent developments as part of a generalized investor pullback from emerging and frontier markets, Obstfeld said they also do not expect that the current problem cases will necessarily spill over to countries with stronger fundamentals. [Full Article...]

Brexit: PM's compromises a 'concern' for cabinet ministers

Brexit: PM's compromises a 'concern' for cabinet ministers He suggested all 10 DUP MPs could vote down this month's budget to "pull the government back into keeping its promises". She'd be ripping up her guarantee to support the PM in the commons. 'There would appear to be progress, but sometimes the devil is in the details, ' she said. "That is not the best of both worlds". It would give Northern Ireland businesses "unfettered access" to both the s... [Full Article...]

Oil Exports in Iran Drop More Thanks to Trump Sanctions

Oil Exports in Iran Drop More Thanks to Trump Sanctions Total crude output lost in the last three days from shut-ins amounted to 1.7 million barrels, according to BSEE data. Many analysts said they expected Iranian exports to drop by around 1 million barrels per day. Oil prices have extended a rally on expectations the sanctions will test the Organization of the Petroleum Exporting Countries and other producers. [Full Article...]

Rupee Hits New All-Time Low Of 73.77 Against Dollar

Rupee Hits New All-Time Low Of 73.77 Against Dollar The rupee was quoted 55 paise lower at 74.13 against the dollar soon after the RBI announced its monetary policy , reported PTI. Indian equities fell about 1.6 per cent. An expected rate hike would be the Reserve Bank of India's (RBI) third this year, after it lifted borrowing costs in June and August. The rupee Friday breached the 74-mark against USA dollar for the first time as the Rese... [Full Article...]

Petrol, diesel cheaper by Rs 5 in Maharashtra and Gujarat

Petrol, diesel cheaper by Rs 5 in Maharashtra and Gujarat He said that Rs 10,500 crore will be the impact of the excise duty cut this year. The prices of petrol and diesel will become cheaper immediately by Rs 2.50 per litre, with the Modi government on Thursday announcing a small cut in central taxes on fuel. [Full Article...]

Oil Falls but Stays Near Four-year Highs

Oil Falls but Stays Near Four-year Highs Worldwide benchmark Brent crude futures for December delivery dropped 0.6 percent to $84.43 per barrel, hovering just below its highest since November 2014 of $85.45-peak hit on Monday. Growing uncertainties over global oil supply have sent prices soaring in NY to their highest level in almost 4 years. Oil market sentiment was lifted by a last-gasp deal to salvage NAFTA as a trilateral pact be... [Full Article...]

Tesla Shares Soar After Elon Musk's SEC Settlement

Tesla Shares Soar After Elon Musk's SEC Settlement Under the agreement with the Securities and Exchange Commission (SEC ), Musk and the company each will pay a $20m penalty, and Musk will be barred from serving as chairperson for at least three years . The release did not directly address the lots full of Tesla cars that have reportedly filled up around the country, from the San Francisco Bay Area to Los Angeles, Seattle, Las Vegas, Salt Lake ... [Full Article...]

Elon Musk steps down as Tesla Chairman after Controversial Tweet

Elon Musk steps down as Tesla Chairman after Controversial Tweet Shares of Tesla jumped almost 16% today after chief executive Elon Musk settled with the US Securities and Exchange Commission (SEC ) over charges of misleading investors, heading off moves to force him out. The SEC announced the deal on Saturday - two days after it sued Musk in federal court for misleading investors over his post on Twitter last month that he was considering taking Tesl... [Full Article...]

Tesla stock roars back after Elon's SEC deal

Musk's "funding secured" tweets were made on 7 August, and claimed that he was planning to take the company private at a price of $420 per share - a premium of just over 20 per cent of the company's stock price (which has since nose-dived) at the time. [Full Article...]

Brent crude falls to $82 per barrel

Brent crude falls to $82 per barrel Indeed, Khalid al Falih , energy minister for Saudi Arabia , stated, "I think member countries over the last three months since June have responded in a very good way and have opened the taps and provided a lot of supply to offset decreases in Iran , decreases in Venezuela , decreases in Mexico , and markets are quite balanced today". [Full Article...]

President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers

President Trump's Latest Tariffs on Chinese Goods will Hurt Consumers After accusing the U.S. of launching the "largest trade war in economic history", analysts worry Beijing could shift to threatened "qualitative" retaliatory measures, such as damaging United States firms in China or restricting the export of crucial items. [Full Article...]

Jet Airways flight makes emergency landing as 30 passengers suffer bleeding

Jet Airways flight makes emergency landing as 30 passengers suffer bleeding Cabin pressure is maintained by a flight's crew to ensure comfort for everyone aboard. This fact initiated the investigation, at the end of which it was made a decision to keep the crew from working. The doctors advised a week rest for all the passengers. Lalit Gupta, deputy director general of the Directorate General of Civil Aviation (DGCA), confirmed the incident was due to pilots accide... [Full Article...]

OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead

OPEC, Analysts See Slowing Demand and Cooling U.S. Production Ahead US West Texas Intermediate (WTI) crude futures were at $69.93 per barrel at 0646 GMT, up 68 cents, or 1 per cent, from their last settlement. In New York last night the price was $78.43, up 1 per cent so far this month. The Paris-based energy agency said falling output in Iran and Venezuela could drive up prices if it is not offset by more production elsewhere. [Full Article...]

Centre merges Bank of Baroda, Vijaya Bank, Dena Bank

Centre merges Bank of Baroda, Vijaya Bank, Dena Bank Rejecting Congress claim that the gross NPAs stood at Rs 2.5 lakh crore when the UPA exited power, he said that actual figure was Rs 8.5 lakh crore because of the indiscriminate and disproportionate lending during 2008 to 2014. The process follows as such - the bank boards takes the final call on branch mergers, real estate assets, manpower and the required re-capitalisation. [Full Article...]

Coca-Cola looking at cannabis-infused drinks

Coca-Cola looking at cannabis-infused drinks The discussions over a possible product tie-up could help overcome slowing demand for sugar-heavy sodas by diversifying into caffeine-infused and healthier drinks. Canada officially legalised the use of recreational cannabis back in June and apparently the United Kingdom could follow suit within five years. [Full Article...]


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