• IBM buys software company Red Hat for $34bn: statement
IBM buys software company Red Hat for $34bn: statement

In announcing the deal, Red Hat claimed its own research shows four out five business workloads have yet to make it to the cloud. IBM will pay $190 per Red Hat share in cash. Red Hat's current management team, led by president and CEO Jim Whitehurst, will remain in place. That's a 63 percent premium over Red Hat's closing price of $116.68 p...

Read more

  • Lexus leads Consumer Reports auto reliability survey, Volvo bottom
Lexus leads Consumer Reports auto reliability survey, Volvo bottom

Consumer Reports said the poor rating is largely due to a problematic infotainment system that is included in models such as the XC60, XC90 and S90. The latest rankings also showed that Mazda Motor Corp.'s Mazda brand jumped from 12th to third and Subaru Corp.'s Subaru rose from sixth to fourth.

Read more

  • Bad Santa! Amazon shares tumble after disappointing Christmas forecast
Bad Santa! Amazon shares tumble after disappointing Christmas forecast

Revenue came in below analysts projections. Indeed, shareholders seemed to focus on the negative. Q3 revenue: $56.6 billion. But that still fell shy of the $57.1 billion analysts had predicted. analysts. Amazon Web Services is now contributing more operating income than Amazon.com North America, with $2.077 billion operating income repor...

Read more

  • Average Ont. family of 4 to receive $307 in carbon tax rebates
Average Ont. family of 4 to receive $307 in carbon tax rebates

And with Trudeau's plans finally unveiled, the undeclared campaign is finally on. Four provinces won't have their own carbon tax. Green Party Leader Elizabeth May also praised the federal plan but warned it won't be enough. While nearly everyone would certainly escape from the path of a flooding river, people commonly build in low areas known t...

Read more

  • Italy fines Apple, Samsung for slowing phones
Italy fines Apple, Samsung for slowing phones

While $5.7 million for Samsung (or $11.5 million for Apple) is essentially chump change, the fine still represents a concerted effort to create a legal precedent that " Batterygate " and the "Samsung slow down" are things which really happen and need to be monitored.

Read more

  • Barack Obama Takes a Swipe at Trump: ' Actually Try to State Facts'
Barack Obama Takes a Swipe at Trump: ' Actually Try to State Facts'

Sisolak, who's now the Commission Chairman of Clark County, the county that encompasses Las Vegas, faces Republican candidate Adam Laxalt, the state's attorney general. Obama stated that by the point the expiry of his second presidential time period within the United States of America recorded progress of wages and decreasing the variety of uninsur...

Read more

  • Poker Players Go Wild For $1.6 Billion Mega Millions Jackpot
Poker Players Go Wild For $1.6 Billion Mega Millions Jackpot

But since the chance of winning the Mega Millions is 1 in 302.5 million, I'm happy settling for the next best thing: watching HGTV's My Lottery Dream Home . The estimated prize for Powerball's annuity option in tonight's drawing is $620 million, with a cash prize of $354.3 million. His advice for the potential victor and for anybody who suddenly...

Read more

  • USA stocks plunge, Dow falls 600 points to wipe out 2018 gains
USA stocks plunge, Dow falls 600 points to wipe out 2018 gains

The technology-heavy Nasdaq composite is now 12.3 per cent below its August peak. Disappointing quarterly results and outlooks continued to weigh on the market, stoking investors' jitters over future growth in corporate profits. The Nasdaq slid 69 points, or 0.9 percent, to 7,399. UPS fell 3 percent. The S&P 500 slid by about 3.1 percent, ...

Read more

  • Trump says Saudis staged 'worst cover-up ever' on Khashoggi
Trump says Saudis staged 'worst cover-up ever' on Khashoggi

Crown Prince Muhammad Bin Salman, deputy premier and minister of defense, said on Wednesday the case of Saudi journalist Jamal Khashoggi was "painful" and that the culprits will be brought to trial. The Turkish president did not mention the crown prince in his speech, though officials linked to the royal have been implicated in the killing. Th...

Read more

  • Mega Millions & Powerball Hit Combined $2 Billion Jackpot
Mega Millions & Powerball Hit Combined $2 Billion Jackpot

The Kansas Lottery encourages players to check their tickets after each drawing and claim prizes promptly. As the Mega Millions jackpot eclipsed $1.6 billion, potential 1 percenters around the country converged on their local gas stations, all hoping to snag the largest jackpot ever.

Read more

  • Turkey 'shares evidence' with CIA over Khashoggi murder
Turkey 'shares evidence' with CIA over Khashoggi murder

In his strongest remarks so far about the death of Jamal Khashoggi in Turkey, Mr Trump indicated in an interview with The Wall Street Journal that the prince is "running things over there" in Riyadh. "The incident took place in Istanbul . That's my proposal", the president told a parliamentary commitee. Donald Trump has described the killi...

Read more

  • Lottery Jackpots Continue to Grow
Lottery Jackpots Continue to Grow

Education Lottery, which offers Mega Millions tickets, a single victor in Friday's drawing would have received $565.6 million if they took the cash option. If you've got a lotto itch, Mega Millions and Powerball tickets are now $2 each and can be purhcased in 44 states, Washington D.C., and the U.S. Virgin Islands.

Read more

  • Reports Link Suspects in Khashoggi Case to Saudi Crown Prince
Reports Link Suspects in Khashoggi Case to Saudi Crown Prince

Trump compared the case of Jamal Khashoggi , a missing journalist who was critical of the Saudi monarchy, with the case of his recent Supreme Court nominee who faced sexual abuse allegations. "It is 500,000 jobs, it will be ultimately $110 billion, it's the biggest order in the history of our country from an outside military, and I said we are go...

Read more

  • Mega Millions winning numbers announced
Mega Millions winning numbers announced

The winning numbers on Tuesday were 69, 45, 61, 3, 49, and the Mega Ball was 9. According to a release from Mega Millions, the last Mega Millions jackpot was won July 24, netting 11 co-workers a combined $543 million. The $667 million jackpot refers to the annuity option, paid out over 29 years. Mega Millions is played in 44 states, Washington,...

Read more

  • Khashoggi suspects linked to crown prince: NY Times
Khashoggi suspects linked to crown prince: NY Times

Anna Sunik, an Associate of the GIGA Middle East Institute in Hamburg, told DW that no matter how the Khashoggi case turns out, the incident looks "very bad" for the crown prince. "The Saudi government can no longer remain silent, and it is essential that our own government and others push harder for the truth", Ryan added. After his talks in R...

Read more

  • Turkey to search Saudi consulate after Erdogan, king talk
Turkey to search Saudi consulate after Erdogan, king talk

However, President Donald Trump has reportedly talked about " severe punishment " if the Saudi government is found to be linked with his disappearance. His remarks prompted Saudi Arabia to threaten to use its economic muscle to respond to any punitive measure but Rai al-Youm, a pan-Arab newspaper based in London, said the kingdom might have to read...

Read more

  • Turkish officials will today search Saudi consulate over Khashoggi
Turkish officials will today search Saudi consulate over Khashoggi

Hours prior, President Trump announced in a tweet that he spoke with Saudi Arabia's King Salman about Khashoggi. The kingdom's Tadawul All-Shares Index later clawed back some losses to close down 3.5 percent. The Saudi government has denied all the allegations about Khashoggi's death. The incident is threatening to spark a geopolitical crisis...

Read more

  • Saudis vow to hit back against any measures over Jamal Khashoggi
Saudis vow to hit back against any measures over Jamal Khashoggi

Turkey has accused Saudi Arabia of masterminding a plan to capture and kill the veteran Saudi journalist. Earlier, US President Donald Trump threatened " severe punishment " if it is determined that Saudi Arabia is behind the journalist's disappearance.

Read more

  • Trump Says Fed Moving Too Fast With Interest-Rate Increases
Trump Says Fed Moving Too Fast With Interest-Rate Increases

As I wrote this on Thursday, the market was down another $200 billion, by my estimate. And you don't see that inflation coming back. "We don't let other things distract us". But that's not right. "Today, the so-called forward-looking federal funds rate is identical to the backward-looking core-inflation rate". Since the rate hikes began in late-2...

Read more

  • Mega Millions players have chance at US’s 9th largest prize
Mega Millions players have chance at US’s 9th largest prize

The winning numbers for the Friday, Oct. 12 Mega Millions drawing are 4, 24, 46, 61, 70 and Mega Ball 7 Multiplier 3x . The potential payout on Saturday is the 24th-highest in the game's history. Francisco Bay Area joined an office pool and hit the winning numbers for a $543 million payoff. "When a (Powerball) jackpot or Mega Millions goes over ...

Read more

  • US Gulf operators shut in production, evacuate workers
US Gulf operators shut in production, evacuate workers

In addition to shutting in wells, oil producers also halted most offshore drilling operations by evacuating three drilling rigs and moving eight others out of the storm area, BSEE said . OPEC cut its forecast of global demand growth for oil next year for a third straight month on Thursday, citing headwinds facing the broader economy from trade d...

Read more

  • Trump says Fed ‘making a big mistake’ by being too aggressive
Trump says Fed ‘making a big mistake’ by being too aggressive

Trump this week has blamed the market's big sell-off on the Fed's interest rate increases, saying "the Fed is out of control". In a brief interaction with reporters and later in comments to Fox News, Trump said the USA central bank was "too aggressive" in raising interest rates.

Read more

  • Will Washington loosen anti-Iranian sanctions?
Will Washington loosen anti-Iranian sanctions?

Last week, Saudi Arabia announced plans to lift crude output next month to 10.7 million bpd, a record. As the Iran sanctions still on the table and looming large, potential spare capacity constraints and also slowdown in USA drilling, US bank JP Morgan said in its most recent cross-asset outlook for clients that it recommended to "stay long...

Read more

  • Stocks have their worst day in months; Dow drops 800-plus points
Stocks have their worst day in months; Dow drops 800-plus points

Augustine added that with earnings due out from big banks JPMorgan Chase ( JPM ), Citigroup (C) and Wells Fargo ( WFC ) on Friday morning, investors will look for new market sectors to take the lead from tech stocks. Shares in upscale jewellery retailer Tiffany & Co and perfume maker Estee Lauder both fell 7 percent after a warning from French ...

Read more

  • Pakistan to seek International Monetary Fund bailout to overcome financial crisis
Pakistan to seek International Monetary Fund bailout to overcome financial crisis

While Nigeria will grow from 1.9 per cent in 2018 to 2.3 percent in 2019, South Africa and Angola were projected to move from 0.8 to 1.4 and -0.1 to 3.1 per cents respectively, the International Monetary Fund said yesterday. The body now expects the USA economy to grow at a rate of 2.5 percent in 2019, a 0.2 percentage point decline from its April ...

Read more

  • Yuan eases on weaker fixing, market awaits Fed decision…
Yuan eases on weaker fixing, market awaits Fed decision…

Beijing has intensified cash flow across the financial system this year since policymakers are concerned on soothing capital outflow fears and strive for soothing pommeled markets amid the growing anxieties regarding frenzied trade war with the US could have a damaging effect on the broader economy.

Read more

  • Roles of ideas and climate in growth earn duo economics Nobel prize
Roles of ideas and climate in growth earn duo economics Nobel prize

Nordhaus (77) is a sterling professor of economics at Yale University in New Haven, US and he won the award for integrating climate change into long-run macroeconomic analysis. While many developed economies have adopted a carbon tax, the United States has not. The committee said: "Romer demonstrates how knowledge can function as a driver of ...

Read more

  • Unemployment rate falls to 3.7 percent, lowest mark since 1969
Unemployment rate falls to 3.7 percent, lowest mark since 1969

Professional and business services, which includes a variety of industries, had the most new hires last month with job gains of 54,000 on a seasonally adjusted basis, according to data released Friday by the Labor Department. Job growth was a bit softer in September, but some of that was from Hurricane Florence , and it should bounce back through ...

Read more

  • Tesla anxious by China tariffs even as deliveries surge
Tesla anxious by China tariffs even as deliveries surge

Widely seen as the driving force behind the company, Musk's talent for promotion has helped Tesla vault much bigger manufacturing operations like General Motors and Ford to become America's most valuable vehicle company. The figures announced on Tuesday did not specify profit margins for the new auto, although Tesla sold mostly higher-priced varian...

Read more

  • Elon Musk takes swipe at SEC on heels of fraud settlement
Elon Musk takes swipe at SEC on heels of fraud settlement

However, the next day, Tesla's attorneys were back at the SEC requesting them for a second chance, this time with Musk's "grudging approval", the paper said. He compared several of CEO Elon Musk's recent actions to Lehman's threats toward short sellers and refusals to raise capital. FBN's Charlie Gasparino on the reports that Tesla ...

Read more