Markets

Markets Sears to close 72 more stores, including one Kmart in Arvada
Author: 0 Sears to close 72 more stores, including one Kmart in Arvada

While Lehigh Valley stores were spared in this latest round, three Pennsylvania stores were on the list: a Kmart in Latrobe, Westmoreland County, and two Sears in the Pittsburgh area. USA Today reports that the company plans to reveal the list of store closures on Thursday. The decline in comparable-store sales, a key metric in retail, should be "alarming" to investors, said Noel Hebert, a Bloomberg Intelligence analyst.

Markets US oil prices decline amid expected crude output increase
Author: 0 US oil prices decline amid expected crude output increase

The increase in oil prices is not only affecting Zimbabwe, but all non-producing oil countries in the developing world. "Our "low for longer" view is deferred, not refuted". Despite worries over Iranian and Venezuelan oil, there are many solutions for the global supply system to fill the gap and prevent any supply constraints.

Markets USA imposes steel tariffs on Canada and Mexico
Author: 0 USA imposes steel tariffs on Canada and Mexico

While the imposition of 25 percent duty on import of steel and 15 percent on aluminum was meant to target the Chinese industry, the new tariff policy looks like it has hit close friends and allies of the US. "He doesn't seem to get that his bluster and his bullying are costing people real jobs - in his own country, in Canada and in Ontario", Wynne said. Such an action could hurt Mexico, Canada, Germany and Japan.

Markets Tesla Model 3 earns Consumer Reports recommendation following OTA brake update
Author: 0 Tesla Model 3 earns Consumer Reports recommendation following OTA brake update

No dealer visit required: Tesla sent a revised braking calibration to the Model 3 remotely. Consumer Reports says that's typical for a compact luxury auto. In its initial Tesla Model 3 review , CR pointed out several flaws with the vehicles, notably long stopping distances in its emergency braking test and difficult-to-use controls.

Markets Petrol, diesel price cut by 1 paisa a litre
Author: 0 Petrol, diesel price cut by 1 paisa a litre

Congress President Rahul Gandhi on Wednesday hit-out at Prime Minister Narendra Modi after petrol , diesel prices were revised to just 1 paisa a litre each. The price effective today is based on average worldwide rate from May 15 to May 29. Also Read: Fuel Prices Surges For 15th Day, Touches ₹ 78. Delhi has the cheapest price among all metros and most state capitals.

Markets Tesla in Autopilot mode hits parked police SUV
Author: 0 Tesla in Autopilot mode hits parked police SUV

Jim Cota told the newspaper that an officer was not in the cruiser when the crash occurred. The Tesla picked up speed for 3.5 seconds before the impact, and the driver manually hit the brakes a fraction of a second before impact. His comments received support from prominent academic and psychologist Steven Pinker, who has in the past voiced concerns about Tesla's Autopilot.

Markets Trump Moves Ahead With Tariffs and Other Trade Sanctions Against China
Author: 0 Trump Moves Ahead With Tariffs and Other Trade Sanctions Against China

The final list of covered imports will be announced by June 15, 2018, and tariffs will be imposed on those imports shortly thereafter. The US will impose a hefty 25 per cent tariff on the Dollars 50 billion worth of Chinese goods containing "industrially significant" technology, the White House said today, days after the two sides reached an agreement and vowed not to launch a trade war against each other.

Markets JAB to Buy Sandwich Chain Pret A Manger From Bridgepoint
Author: 0 JAB to Buy Sandwich Chain Pret A Manger From Bridgepoint

Pret-A-Manger employees are in line for a hefty bonus after the British sandwich chain's acquisition by JAB Ltd., the parent of Panera Bread and Krispy Kreme . The companies expect the deal to finalize this summer, and Pret CEO Clive Schlee promised al 12,000 employees of the brand a £1,000 bonus at that time.

Markets Canada to Buy Kinder Morgan Pipeline for $3.5 Billion
Author: 0 Canada to Buy Kinder Morgan Pipeline for $3.5 Billion

The government will also offer federal loan guarantees to ensure construction of the expansion continues through the 2018 season as part of the deal with the company, a unit of Houston-based Kinder Morgan Inc ( KMI.N ). "It polarized us. That is not who we are", Carr told the news conference. Vancouver Mayor Gregor Robertson called the pipeline an "unacceptable risk" that threatens 10,000 jobs in the harbour.

Markets FBI's urgent request: Reboot your home routers to stop Russia-linked malware
Author: 0 FBI's urgent request: Reboot your home routers to stop Russia-linked malware

Several "trusted" ISPs have been notified, the Justice Department said, but both users and administrators are advised to reboot (or power-cycle ) their devices as soon as possible. After restarting your router, the Federal Bureau of Investigation recommends creating a strong password. The FBI also suggests changing your router's password and updating the firmware.

Markets Starbucks to close early for company-wide diversity training
Author: 0 Starbucks to close early for company-wide diversity training

What happened last month in Philadelphia? She wouldn't give too much more away about the training , but said Perception's workshops typically encouraged participants to think about how they were "socialised" to think about certain groups, and to challenge that thinking.

Markets Petrol prices are rising every day at supermarkets, says RAC
Author: 0 Petrol prices are rising every day at supermarkets, says RAC

Mr Williams predicted prices would rise further, adding: "The outlook for fuel prices in the weeks ahead is not good with another penny a litre expected to be added to current average prices". Ltd (ONGC) as part of a permanent solution it is working on for moderating the spiralling retail prices of petrol and diesel. While New Delhi was quick to increment the fuel charge when the worldwide rate went up, it is expected to exhibit a similar market-volatility for lowering the prices.

Markets Cheapest gas prices in the Triangle
Author: 0 Cheapest gas prices in the Triangle

Although the price at the pump will likely continue to rise as it typically does in the run-up to the Fourth, Mosher said that climb should be less drastic due to the sharp and early increase in prices before Memorial Day. "The Federal Trade Commission has found this cycle, though maddening, can actually save people a couple cents a gallon", DeHaan said. "WIthout a doubt people are noticing and they're feeling the pinch", said Patrick DeHaan, head of petroleum analysis at GasBuddy, a ...

Markets Turkish lira hits historic low as fears of economic crisis intensify
Author: 0 Turkish lira hits historic low as fears of economic crisis intensify

The lira's long period of decline has been attributed to the Turkish central bank's refusal or inability to hike interest rates as much as economists believe is necessary to strengthen the currency, the Wall Street Journal reports. Governor Murat Cetinkaya said in April that he may soon finalize a plan to simplify monetary policy. A similar measure was taken Wednesday morning by the Istanbul Stock Exchange which chose to convert all foreign exchange asset needs to lira "in order to fight ...

Markets Bringing petrol, diesel under GST will lower prices: Devendra Fadnavis
Author: 0 Bringing petrol, diesel under GST will lower prices: Devendra Fadnavis

The central government levies Rs 19.48 excise duty on a litre of petrol and Rs 15.33 on diesel . "Fuel price hike has a cascading effect on inflation and the Reserve Bank of India will have to front-load interest rate hikes now", said Rupa Rege Nitsure, group chief economist at L&T Finance Holdings in Mumbai .

Markets GDPR Rules Prompt US Websites to Block EU Users
Author: 0 GDPR Rules Prompt US Websites to Block EU Users

Some American news publishers are struggling with Europe's new stringent privacy rules. Regulators in the United States tried to introduce similar privacy safeguards but were stopped by lawmakers. Consumers will now have the right to ask for access to their data to be rectified or deleted. "So really, Facebook can infer things from the great amount of data it has about you from across your mobile devices and apps that also send data to Facebook".

Markets Trump Tells Grads 'You Don't Give Up, You Don't Give In'
Author: 0 Trump Tells Grads 'You Don't Give Up, You Don't Give In'

President Donald Trump says the United States is "talking to" North Korea after he canceled a planned summit with leader Kim Jong Un . "Our country has regained the respect that we used to have long ago", said Trump, who did not mention North Korea in his remarks.

Markets Comcast ups its offer, Disney's move next — Fox takeover
Author: 0 Comcast ups its offer, Disney's move next — Fox takeover

Disney has offered to buy the Fox assets for Disney stock and Comcast has been telling investors that its cash deal would be "superior" for Fox shareholders - or a sure thing with hard cash vs. The news lifted Fox shares 1.6 percent to close at $38.77. Separately, Comcast received preliminary consideration from a United Kingdom government official to pursue an effort to buy Sky for $31 billion.

Markets Jared Kushner granted security clearance
Author: 0 Jared Kushner granted security clearance

Kushner was in peril in the special counsel investigation. Abbe Lowell , who has represented Kushner in the Russian Federation investigation, told CNN's Wolf Blitzer that questions asked of Kushner during the April interview were "the appropriate topics that Bob Mueller and his team were looking at".

Markets Jobs under threat as Mothercare set to close stores across the UK
Author: 0 Jobs under threat as Mothercare set to close stores across the UK

No official confirmation of this list has been forthcoming from Mothercare , who said: "We can't comment on individual store closures until all staff have been informed, which is our absolute priority". Shares leapt by as much as 31% after the announcement. As part of its restructuring, Mothercare has also arranged a refinancing package worth up to £113.5m, which includes £28m raised through issuing new shares, and an extension of its existing debt arrangements.

Markets US Surgeon General helps passenger with medical emergency on flight to Jackson
Author: 0 US Surgeon General helps passenger with medical emergency on flight to Jackson

Adams later reported that the patient was "doing well". It was not immediately clear what situation Adams was referring to and what happened on the flight. Adams tweeted that a call went out requesting a doctor. Adams was traveling to MS for a panel discussion on opioid abuse. Delta Air Lines has reached out to thank him for volunteering his services.