• Cadillac debuts first brand EV at Detroit Auto Show
Cadillac debuts first brand EV at Detroit Auto Show

The EV's name and specific details regarding its powertrain and range will be revealed closer to an also yet-unspecified launch window. Cadillac's EV will be offered in both two- and all-wheel drive configurations globally and will use a rather unique battery architecture.

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  • Fed chair Jerome Powell to speak on market concerns Thursday
Fed chair Jerome Powell to speak on market concerns Thursday

However, Fed had lowered the growth forecast of the U.S. economy to 2.3 percent during the latest rate hike in December. At the same time, Fed officials don't want to give the impression they think the US economy is vulnerable. "There is no pre-set path for rates. particularly now", he said. While most previous shutdowns have been fairly short ...

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  • Rally held in downtown Calgary in support of B.C. pipeline protesters
Rally held in downtown Calgary in support of B.C. pipeline protesters

RCMP's E Division said officers spoke with representatives from the camp about removing the obstruction set up along the service road. RCMP say those arrested are still being processed. "There will be no reconciliation in Canada unless and until there is a real nation to nation relationship where Canada respects our sovereign jurisdiction and ret...

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  • Briefing: Apple cuts sales forecast following weakened China sales 1 min read
Briefing: Apple cuts sales forecast following weakened China sales 1 min read

Apple ended Wednesday's session with a share price of $157.92, which was already a 30% decline from an all-time high of $227.63 on August 27. Cook said there were some bright spots for Apple in some parts of the world and that the company expects "all-time revenue records in several developed countries, including the United States, Canada,...

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  • Governor calls off planned shutdown of NYC subway line
Governor calls off planned shutdown of NYC subway line

Many L train riders were elated to learn the news Thursday. "It didn't feel very secure at all", she said. "I was thinking how much money I was going to have to spend on Ubers". "So long as this new strategy proves to be real, the mayor thinks this is great news for L-train riders", a spokesman for Mayor Bill de Blasio said.

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  • Oil prices rise, but set for first annual decline since 2015
Oil prices rise, but set for first annual decline since 2015

Prices for global oil benchmark, London-traded Brent crude futures were trading in the mid-$80's range in early October, while US oil benchmark, NYMEX-traded West Texas Intermediate (WTI) crude futures were hovering in the mid $70's-range, a comfortable price point for USA shale oil producers, and around $25per barrel above the average oil produc...

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  • Sears to close Fairview Heights location
Sears to close Fairview Heights location

The newest closings list is in addition to 182 stores already slated for closure. Lansing's Sears has dodged another round of closings. The Kmart in Apple Valley is amongst 80 locations owned by Sears Holdings that will close its doors forever as the company continues to teeter on the brink of liquidation.

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  • China Says Trade Talks With US Planned For January
China Says Trade Talks With US Planned For January

Background: The United States and China have not held high-level talks to resolve their ongoing disputes on trade since U.S. President Donald Trump and Chinese President Xi Jinping met over dinner at the G-20 Summit in Argentina on December 1.

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  • ‘Aliens’ descend on New York City as freakish power explosion confuses onlookers
‘Aliens’ descend on New York City as freakish power explosion confuses onlookers

Residents in Astoria and Queens said the explosion was so bright, it was nearly as if it were daytime. "No injuries, no fire, no evidence of extraterrestrial activity", the New York Police Department tweeted , adding later that the explosion was not suspicious.

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  • Here Are Three Crazy Market Statistics on a Wild Day of Trading
Here Are Three Crazy Market Statistics on a Wild Day of Trading

The Dow Jones Industrial Average. DJI was up 196.31 points, or 0.90 percent, at 21,988.51 and the Nasdaq Composite.IXICwas up 98.42 points, or 1.59 percent, at 6,291.34. ON THE BRINK: Wednesday's gains provide the S&P 500 some breathing room after finishing the shortened trading session Monday just shy of a 20-percent drop from its peak three mo...

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  • Apple got Boycotted by Chinese Companies after Huawei Fallout
Apple got Boycotted by Chinese Companies after Huawei Fallout

Moreover, some companies are reportedly going a step further by threatening employees with consequences like withholding bonuses, or even termination if they don't boycott Apple products . Similarly, another device maker Shenzhen Yidaheng Technology said that it will compensate as much as 18% of the Huawei or ZTE device cost. The executive...

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  • Wall Street, Asian markets see dramatic rebound
Wall Street, Asian markets see dramatic rebound

Consumer shares paced the rally, with Amazon jumping 9.5 per cent after reporting record holiday sales. Facebook and Netflix also climbed more than 8 percent. Trump has since tried to walk back his criticism of the Fed, telling reporters at the White House on Tuesday that while the Fed was "raising interest rates too fast" he still had confiden...

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  • Dow Climbs 1,050 Points in Largest-Ever Rally While Bitcoin Slumps — Newsflash
Dow Climbs 1,050 Points in Largest-Ever Rally While Bitcoin Slumps — Newsflash

Both indices had their best day since August 2011. Investors have been anxious for months about the potential impact of the US-China trade conflict on the broader economy, which poses risks to the world's two biggest economies, which are highly interdependent.

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  • Restaurants Open on Christmas Day 2018
Restaurants Open on Christmas Day 2018

Good news everyone. Dunkin' is open on Christmas Day . Some locations will have reduced hours of 8 a.m.to 6 p.m. In Hunt Valley on Christmas Eve morning, shoppers shuffled, bags bustled, and procrastinators checked off their lists. Rite Aid: Most Rite Aid stores that are normally 24-hours will have those regular hours on the holiday. Those ...

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  • Crude Oil Futures End Sharply Higher
Crude Oil Futures End Sharply Higher

Global benchmark Brent tumbled to a session low of $55.89 a barrel, a bottom last reached in October 2017. Since crude oil trade is mostly done with US dollars, and crude future trading instrument prices are denominated in dollars, an appreciation of the USA dollar against other currencies makes oil more expensive for the rest of the world.

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  • Jennie-O Recalls Raw Ground Turkey Products
Jennie-O Recalls Raw Ground Turkey Products

Big signs to look out for are "freeze by" dates of November 12 or November 13, as well as the establishment number "EST". The recalled raw ground turkey products were produced at the Jennie-O's Faribault, Minn. "There have been some turkey products recalled in the USA that were associated with this outbreak", the agency reported. For those that...

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  • Dow closes worst week since 2008 financial crisis
Dow closes worst week since 2008 financial crisis

Technology and communication services stocks bore the brunt of the sell-off, falling 3.0 percent and 3.1 percent, respectively. They allow markets to remove speculative froth after a big run-up and give investors a chance to buy stocks at lower prices.

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  • Huawei pushes other nations to provide evidence that it's a security risk
Huawei pushes other nations to provide evidence that it's a security risk

The Czech Republic's prime minister has ordered his government office to stop using mobile phones by Chinese telecoms company Huawei. Huawei, founded in 1987 by a former military engineer, rejects accusations that it is controlled by the ruling Communist Party or designs equipment to facilitate eavesdropping.

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  • Don't steal from anyone this Christmas (or ever), especially a NASA engineer
Don't steal from anyone this Christmas (or ever), especially a NASA engineer

A porch pirate in Brea thought he scored with a fancy electronic gadget, but was instead hit with a glitter bomb developed by a former NASA engineer . There was obviously oodles of world's finest glitter to greet the thieves. He said he created the bomb to explode when thieves tried to take packages off his porch.

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  • Johnson & Johnson Knew About Asbestos in Baby Powder for Decades — Reuters Report
Johnson & Johnson Knew About Asbestos in Baby Powder for Decades — Reuters Report

However, even small amounts of asbestos exposure is considered risky by the World Health Organization, having the potential to trigger disease development in some individuals years after exposure. This year in July, a Missouri jury ordered J&J to pay $4.69 billion in a case involving 22 women and their families. The report also mentioned that t...

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  • China Confirms Detention of Second Canadian
China Confirms Detention of Second Canadian

Trudeau addressed the Chinese capture of Michael Kovrig and Michael Spavor in a television interview Friday morning. Global Affairs says in a statement our ambassador toChinaa met with Kovrig in Beijing and he and his family are receiving consular assistance.

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  • Contaminated Romaine Lettuce Linked to a Santa Maria Farm
Contaminated Romaine Lettuce Linked to a Santa Maria Farm

The agencies are continuing to investigate other possible sources, and the CDC still advises consumers not to eat romaine lettuce grown in California's Monterey, San Benito and Santa Barbara counties until investigations are complete. While calling it "premature" to call the outbreak over, Williams said it was a good sign that the most recently ide...

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  • Southwest flight turned around after human heart left on board
Southwest flight turned around after human heart left on board

A Dallas-bound flight returned to Seattle last weekend because a human heart was left on board, according to Southwest Airlines. Southwest spokesman Dan Landson confirmed to the newspaper that Flight 3606 landed at Sea-Tac International Airport after about three hours in flight, adding that the "life-critical cargo shipment" was removed from th...

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  • Oil prices on shaky ground amid global financial market worries
Oil prices on shaky ground amid global financial market worries

The Organization of Petroleum Exporting Countries ( OPEC ) and other major oil producers have slashed oil production by 1.2 million barrels per day in a concerted bid to hike prices to $70 per barrel while eliminating oversupply. While analysts from Goldman Sachs Group Inc.to Morgan Stanley are optimistic the OPEC+ curbs will bring some relief to t...

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  • Urjit Patel cites personal reasons, resigns as RBI governor
Urjit Patel cites personal reasons, resigns as RBI governor

This owing to the series of tussles that the Reserve bank as an institution had with the centre. Dr Patel's departure may lead to some anxiety among investors, especially foreign investors. Analysts and market watchers said the recent dispute between the RBI and the government could have been a major factor in Patel's decision to resign.

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  • Marlboro maker places $2.4 billion bet on marijuana
Marlboro maker places $2.4 billion bet on marijuana

The investment will give Altria a 45% stake in Cronos at C$16.25 per share. The transaction between the two publicly traded companies represents a 45 percent equity stake in Cronos Group at a price of $16.25 (CAD) per share for an aggregate investment by Altria of approximately United States dollars $1.8 billion.

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  • Over 350 detained as Paris braces for 'yellow vest' protest violence
Over 350 detained as Paris braces for 'yellow vest' protest violence

France's far left CGT movement has pledged support for the movement, which is also supported by the far-right leader Marine Le Pen. Yet in a sign of the financial disconnect that infuriates numerous protesters, a few blocks from the famed boulevard, people were sitting in Paris cafes, drinking cocktails and chatting.

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  • Trump Tries to Calm Global Markets After Stocks Drop Sharply
Trump Tries to Calm Global Markets After Stocks Drop Sharply

No official details were disclosed except what ministry statement has stated , was the first public announcement from the Chinese government about 90-day extension. Daimler chairman Dieter Zetsche told reporters that additional US investments are contingent on conditions remaining the same. U.S. Treasury Secretary Steven Mnuchin revealed Preside...

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  • Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers
Put oil 'crisis' on first ministers agenda: Alberta, Saskatchewan premiers

Above: Price of Central Alberta blend of oil. The Alberta government should look to the example of the US government's strategic petroleum reserve, which holds the equivalent of a year's worth of Alberta's oil production in salt domes in Texas and Louisiana.

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  • How arrest of Huawei Technologies CFO extends troubled history with US
How arrest of Huawei Technologies CFO extends troubled history with US

Speaking to The Globe and Mail , Canada's Justice Department stated, "Wanzhou Meng was arrested in Vancouver on December 1". The ban was sought by Meng, who has a bail hearing Friday, he said. and China once again". A Canadian official said law enforcement took her into custody at the request of the USA, which is seeking her extradition for al...

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