Markets

Markets Ayanna Pressley ousts 10-term Massachusetts Democrat in latest primary upset
Author: 0 Ayanna Pressley ousts 10-term Massachusetts Democrat in latest primary upset

Boston City Council member Ayanna Pressley has unseated ten-term incumbent Rep. Michael Capuano , in surprise upset in the Massachusetts Democratic primary Tuesday. Capuano is a white man was born and raised in the district, and served as mayor of Somerville before he was elected to his congressional seat. "Voters might be hesitant to move on from Capuano after his years of experience and the seniority he has accumulated in Congress", the Boston Globe editorial board wrote .

Markets Amazon becomes the 2nd United States company to join the $1 trillion club
Author: 0 Amazon becomes the 2nd United States company to join the $1 trillion club

It needed to reach $2,050.27 to cross the trillion-dollar threshold, based on the count of 487,741,189 shares from Amazon's most recent quarterly report in July. Amazon shares were last up 1.1 percent at $2,035.69, pulling back slightly from the milestone level of $2050.2677. Just 10 months later, on August 30, Amazon shares hit $2,000 for the first time, just $50 per share away from giving the company a $ 1 trillion market value.

Markets 'Cosby Show' Actor Geoffrey Owens Speaks Out Over Trader Joe's Shaming
Author: 0 'Cosby Show' Actor Geoffrey Owens Speaks Out Over Trader Joe's Shaming

Proudly wearing both a Yale baseball cap (from where he earned his theatric training) AND his Trader Joe's badge, Owens admitted that the shame he felt was intense, but fortunately, quickly turned to support. I've had a great life. "I wouldn't feel comfortable getting acting jobs from this event", he said . Owens also revealed that while there is some renewed "interest" in him in the acting world amid all of the recent hoopla, he would never want to be offered an acting role just because ...

Markets Amazon follows Apple to cross trillion-dollar milestone
Author: 0 Amazon follows Apple to cross trillion-dollar milestone

It surged past the trillion dollar mark this afternoon, prompting experts so say it could become even bigger than Apple. Multiplied by the current number of shares outstanding - 487,741,189 - that puts the company's book value just over the same symbolic milestone that Apple hit less than one month ago .

Author: 0 Japanese Oil Wholesalers ‘Prepare To Suspend’ Iranian Imports

On Monday Mohammed bin Hamad Al Rumhy, Minister of Oil and Gas in Oman, said he did not think prices of crude oil would break out of the $70 (£54) level. The price of crude, market analysts has warned, could shoot up by 30 percent to a huge $95 (£74) dollars a barrel, and would mark the first-time prices could soar since 2014, when freezing winter weather across the U.S.

Markets California lawmakers vote to pass toughest net neutrality law in the nation
Author: 0 California lawmakers vote to pass toughest net neutrality law in the nation

So an ISP could offer free data for all video streaming apps, but not just for Netflix. The California legislation "keeps the country strapped into a roller coaster ride of state net neutrality regulations ", he said. Internet providers including Comcast and AT&T have lobbied against the law, and claim it could raise internet prices. AT&T and cable lobbyists previously urged lawmakers to reject the net neutrality bill.

Markets John McCain buried at Naval Academy alongside a longtime friend
Author: 0 John McCain buried at Naval Academy alongside a longtime friend

The couple was seated in the cavernous cathedral to hear Meghan McCain take a few pointed shots at President Trump during her eulogy on her father. "Some people will never recover from that". Navy Adm. Charles "Chuck" Larson, according to ABC News . He died August 25 at age 81. "In a way, it's the last great gift that John McCain gave America".

Markets Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points
Author: 0 Petrol At A Record High, Oil Minister Blames Falling Rupee: 10 Points

In Delhi and Kolkata, diesel prices have gone up by 39 paise. There will be no full petrol price increase in September 2018, according to a report by BusinessTech . Mid-June, last year, oil companies started revising fuel prices on a daily basis with new prices becoming effective at 6 am every morning. "This is a once off temporary intervention to provide some relief to motorists and consumers against fuel price hikes".

Markets Coca-Cola enters the coffee market with the purchase of the British Costa
Author: 0 Coca-Cola enters the coffee market with the purchase of the British Costa

In this April 30, 2013 file photo, the interior of the original Costa Coffee shop in London's Vauxhall Bridge Road, which was opened in 1978 by brothers Sergio and Bruno Costa and is now closed. coffee giant Starbucks around the world, outside of its cafes. Costa also provides Coca-Cola with expertise across the coffee supply chain, including sourcing, vending and distribution.

Markets Chinese billionaire arrested in US over sexual misconduct allegations
Author: 0 Chinese billionaire arrested in US over sexual misconduct allegations

No complaint has been filed against Liu, who goes by the Americanized name of Richard in the US. JD.com is one of China's tech heavyweights, competing with larger rival Alibaba Group Holding Ltd BABA.N . The company, worth some $45 billion, has seen its stock lose 24 percent of its value this year amid concerns of weakening growth momentum. Legal troubles for Liu could darken perceptions overall of JD.com, whose shares trade on the Nasdaq stock market in NY and have a market value of ...

Author: 0 CBOE May Launch Ether Futures by the End of 2018

By this logic, ETH futures trading will provide an opportunity for bears to short Ether. Cboe Global Markets is approaching with fast steps to the launch of Ether futures . Cboe's ETH futures will reportedly be based on Gemini's underlying ETH market. Since December, Chris Concannon, Cboe's President and Chief Operating Officer, said he was looking to add new futures options other than BTC.

Markets Mastercard, Google 'made secret ad deal', United States News & Top Stories
Author: 0 Mastercard, Google 'made secret ad deal', United States News & Top Stories

But the deal could raise broader privacy concerns about how much consumer data technology companies such as Google quietly absorb. The alliance gave Google an unprecedented asset for measuring retail spending, part of the search giant's strategy to fortify its primary business against onslaughts from Amazon.com and others.

Markets Trade uncertainties bog down Wall Street, Apple offers some relief
Author: 0 Trade uncertainties bog down Wall Street, Apple offers some relief

In a statement, U.S. Trade Representative Robert Lighthizer said U.S. officials would resume talks with their Canadian counterparts next Wednesday with the aim of getting a deal all three nations could sign. The Dow gained 174.47 points, or 0.7 percent. At 12:51 p.m. ET, the Dow Jones Industrial Average was down 74.88 points, or 0.29 percent, at 25,912.04, the S&P 500 was down 5.59 points, or 0.19 percent, at 2,895.54 and the Nasdaq Composite was up 13.12 points, or 0.16 percent, at 8,101.49.

Markets Britain's May in Kenya to boost economic ties amid Brexit
Author: 0 Britain's May in Kenya to boost economic ties amid Brexit

However May is the first British prime minister to travel to Kenya for 30 years and, at one point, Kenyatta struggled to remember the surname of former foreign minister Boris Johnson , who visited last year, eventually referring to him as "the bicycle guy".

Markets Uber is jumping into the scooter wars
Author: 0 Uber is jumping into the scooter wars

These permits will let them participate in a one-year test program in the city. One of the companies that didn't make the cut was Spin , even though it ranked higher than both Lime and Bird in the committee's earlier report. The SFMTA intends to issue the permits to Scoot and Skip on October 15, 2018, which will allow a maximum of 625 scooters for each company in the first six months.

Markets Citing Trump tariffs, Ford cancels China-built Focus Active crossover for US
Author: 0 Citing Trump tariffs, Ford cancels China-built Focus Active crossover for US

The automaker announced the decision on Friday, saying that the previously imposed tariffs on Chinese products - and the prospect of more in the future - are likely to hit the company's bottom line. This officially leaves just one passenger auto in Ford's U.S. lineup, the Mustang. This is likely the first of "many such announcements", warned Kristin Dziczek, vice president of the Ann Arbor-based Center for Automotive Research.

Markets ExCeL London acting CEO disappointed with Elizabeth Line delay
Author: 0 ExCeL London acting CEO disappointed with Elizabeth Line delay

Trains were due to operate through the central tunnels from Paddington to Abbey Wood from December, when separate services on the Paddington-Heathrow and Liverpool Street-Shenfield routes would continue. Cllr John Howard, cabinet member for civic pride, said: "Incredibly disappointed that the central section of Crossrail won't open until autumn 2019".

Markets United Kingdom competition regulator gives initial nod to SSE-Npower deal
Author: 0 United Kingdom competition regulator gives initial nod to SSE-Npower deal

There had been initial concerns that the proposed merger would affect these tariffs - the most common and expensive energy deals. Britain's competition regulator has given its provisional approval to the merger between the retail power units of SSE SSE.L and Innogy's IGY.DE Npower, judging the two groups do not compete heavily on standard variable tariffs for United Kingdom consumers.

Markets Australia push economic ties, trade deal soon
Author: 0 Australia push economic ties, trade deal soon

The agreement will free up Indonesia's university sector for Australian investors, allowing up to 67 per cent foreign ownership. "It is our economic relationship where we've committed today to take another big step to ensure that Australia and Indonesia do the heavy lifting that is needed to realise the real economic opportunity that exists", Mr Morrison said on Friday in a joint press conference with Mr Joko at the Bogor presidential palace, in West Java south of Jakarta.

Markets Panasonic to relocate European headquarters to Amsterdam
Author: 0 Panasonic to relocate European headquarters to Amsterdam

In the run-up to March 2019, a number of multinational firms have said they plan to move jobs out of the UK. A spokesperson told the BBC the registration of Panasonic's European headquarters would move to Amsterdam from the United Kingdom in October.

Author: 0 Trump Says ‘Canada Will Be Out’ Without ‘Fair Deal’ on Nafta

Trump added to that sentiment a few hours later, saying there is "no political necessity" for Canada to be included in a trade deal involving the USA and Mexico . "He hates any form of decision making from outside the United States telling Americans what to do", said the NAFTA expert, who asked not to be named.

Markets Cboe to Launch Ethereum Futures Before the End of 2018
Author: 0 Cboe to Launch Ethereum Futures Before the End of 2018

According to Lee, futures contracts are in fact to blame for the crypto market's "gut-wrenching" drop , as his data revealed bitcoin's price dropped around CBOE futures expirations. CBOE was the first exchange to launch Bitcoin futures in December of 2017 and is set to do the same thing with Ethereum . However, another point worth noting is that Bitcoin futures offered by the Cboe are cash-settled , meaning that there is no transfer of the underlying asset.

Markets India among 5 countries shortlisted by Uber for its aerial taxi service
Author: 0 India among 5 countries shortlisted by Uber for its aerial taxi service

Uber has picked Brazil as one of the five possible markets to host its upcoming "flying taxi" service. Uber has shared routes for Mumbai and Delhi that show how much time it will take to reach a destination through Uber Air. While Dallas and Los Angeles are among the first two cities, the third launch city will be selected from these shortlisted countries. Uber has said that it is considering the enabling conditions of the cities in the worldwide markets that have been shortlisted, and ...