Money

China Says Negotiations With US 'Lay Foundation' for Resolving Trade Dispute

China Says Negotiations With US 'Lay Foundation' for Resolving Trade Dispute Gao did not comment, however, on whether he was confident that the talks could be wrapped up in the 90-day period laid out by President Donald Trump and China's Xi Jinping . "As for whether the Chinese economy is good or not, I have already explained this". Asked about his presence on Tuesday, Lu from the foreign ministry said it wasn't surprising for Liu to be there. [Full Article...]

Time is running out for Sears; bankruptcy hearing Tuesday

Time is running out for Sears; bankruptcy hearing Tuesday The reprieve came after what Sears lawyers described to a bankruptcy judge in NY as "round-the-clock" negotiations following the company board's initial rejection of Eddie Lampert's proposal, which sought to preserve 425 stores and 50,000 workers. [Full Article...]

Delayed tax refunds? Prolonged partial government shutdown causes concern

Delayed tax refunds? Prolonged partial government shutdown causes concern Across the federal government, about 800,000 federal workers have been unpaid as Trump withholds his support for a bill which would fund the government until he secures the money for the wall that he promised during his election campaign. A short shutdown may have little impact, but a longer shutdown could prevent people who like to file their returns early from getting their refunds right away. [Full Article...]

Alleged 2019 iPhone renders surface, shows off three cameras

Alleged 2019 iPhone renders surface, shows off three cameras The company might end up changing how the device looks design wise. The flash LED and a microphone hole sandwich the third vertex of the triangle. However, it is likely that Apple's phones will not continue to grow in display size and that the iPhone XI in its two or three variants will not become even bigger than their predecessors. [Full Article...]

Wall Street shares tumble after Apple warning

Wall Street shares tumble after Apple warning Cook also that Chinese consumers may have elected not to buy iPhones because Apple is an American company, instead opting to support the firm's Chinese competitors. "In some developed markets, iPhone upgrades also were not as strong as we thought they would be", Cook said in his letter. In a letter to investors on Wednesday, chief executive Tim Cook said the firm's sales problems were pr... [Full Article...]

Japan's sushi king pays record $3M for giant bluefin tuna

Japan's sushi king pays record $3M for giant bluefin tuna Kiyomura Corp . owner Kiyoshi Kimura, right, poses with the bluefin tuna he made a winning bid at the annual New Year auction, in front of his Sushi Zanmai restaurant in Tokyo Saturday, Jan. The move was delayed repeatedly because of concerns over soil contamination. 'The celebration surrounding the annual Pacific bluefin auction hides how deeply in trouble this species really is, ' said Jamie... [Full Article...]

Strong US jobs growth makes 'mockery' of market fears

Strong US jobs growth makes 'mockery' of market fears The Labour Department reported Friday that United States employers added a net 312,000 new positions in December, smashing economists' expectations. It marked the ninth time the Fed has raised interest rates since 2015. "Meetings between the presidents and the Fed chairs do happen", he said. Markets have gyrated in recent months and manufacturing gauges have slowed as weakening global growth and... [Full Article...]

Apple shares tumble as firm blames sales slump on China slowdown

Apple shares tumble as firm blames sales slump on China slowdown Stock markets jumped Friday as investors welcomed news of trade talks between the USA and China next week and the US government reported a big increase in hiring in December. Some analysts, however, questioned the impact of Apple's own actions, such as its unyielding pursuit of high selling prices for its products. The current median price target is $186. [Full Article...]

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade Halo Investing's Jason Barsema and BigEyedWish's Ian Wishingrad on Apple cutting its sales forecast due to a downturn in iPhone sales in China and the outlook for Amazon . A functional iPhone 7 Plus with the same amount of storage can get a trade in value of 1939 yuan ($282). Universal Display Corp. declined 3.5 per cent and Lumentum Holdings Inc. [Full Article...]

Apple Says Cheap Battery Swaps To Blame For Wonky Sales

Apple Says Cheap Battery Swaps To Blame For Wonky Sales Both of these numbers may sound positive; however, Cook's original estimate from about 60 days ago now was that Apple could earn as much as $93 billion in the quarter. Hassett says that Apple and other US companies operating in China, will see their business return in the country if the USA can have a successful negotiation with China. [Full Article...]

Tesla selloff on Model 3 delivery news overdone, analyst says

Tesla selloff on Model 3 delivery news overdone, analyst says But he further claimed that those numbers are not a good representation of how much demand there is for the Model 3 as the company is not actually attempting to sell the vehicle yet: "I think this is inconsequential because with a small amount of effort, we could easily drive the Model 3 reservation number to something much higher, but there's no point". [Full Article...]

Lexington, Kentucky, officers mourn loss of Krispy Kreme doughnut truck

Lexington police posted photos on social media of the blackened side of the truck and officers jokingly mourning the truck's loss. Police captioned the photos, "No words". The department posted an image of heartbroken officers with the caption, "No words". Soon after, police department officials from across the country began sending messages of support. [Full Article...]

Malware disrupts Baltimore Sun Media print production

Malware disrupts Baltimore Sun Media print production Forbes reports that the malware Tribune Publishing discovered was a version of the Ryuk ransomware family, which is often attributed to the Lazarus Group. While newspapers are often looked at as an antiquated news deliver system and ancient means of entertainment, there are still many subscribers across the USA who look forward to getting the latest edition every day. [Full Article...]

U.S. team to visit China for talks amid tariff truce

U.S. team to visit China for talks amid tariff truce The notice attributed the change to new US-Chinese engagement "with the goal of obtaining the elimination of the acts, policies, and practices covered in the investigation" following a December 1 meeting between President Donald Trump and Chinese President Xi Jinping in Buenos Aires. [Full Article...]

Temporary reprieve for Sears as chairman submits bid to buy retailer

Temporary reprieve for Sears as chairman submits bid to buy retailer This story will be updated. A hedge fund controlled by Sears chairman Eddie Lampert is offering $4.6 billion. Sears told the court it has seen interest from multiple parties, including some who would liquidate the company, according to a CNN report. [Full Article...]

Sears to close store at Fox River Mall

Sears to close store at Fox River Mall This is the closest that Sears has come to shuttering its doors for good as it now weights closing 50 to 80 more stores, CNBC reported . Sears associates were told December 27 and liquidation sales are expected to begin in two weeks. Representatives for Sears, based in Hoffman Estates , and for Bank of America declined to comment. Lampert had a plan to save Sears by combining it with Kmart... [Full Article...]

New York City Sky Lit Up After Transformer Fire in Queens

New York City Sky Lit Up After Transformer Fire in Queens No injuries have been reported , but some areas of the city have experienced blackouts, including the LaGuardia Airport . InsideEdition.com's Lisa Voyticki reports. Besides lighting up the sky in shades of blue visible as far as Manhattan and New Jersey, temors shook buildings and rattled windows. By late Thursday, officials said the event was caused by nothing more than a transformer exp... [Full Article...]

After Big Losses, Markets Stage A Post-Christmas Rally

After Big Losses, Markets Stage A Post-Christmas Rally Before the recent bounce, the index fell 20 percent from its recent peak, slipping into a bear market . The Nasdaq Composite COMP, +5.84% rose around 361 points, or 5.8%, to finish around 6,554. The Dow is off 18.9 percent from its closing high , while the Nasdaq is already in bear market along with the Dow Jones Transport Average and the small-cap stocks. [Full Article...]

The Dow drops 400 points, a day after its record-setting rally

The Dow drops 400 points, a day after its record-setting rally Dow Jones was down 387.30 points at 22,491.15, the S&P 500 was down 39.21 points at 2,428.49 and the Nasdaq was down 98.10 points at 6,456.25. The Nasdaq and S&P 500 achieved similar daily gains, notching their most impressive rallies since March 2009. [Full Article...]

All the Stores Opened and Closed on Christmas 2018

All the Stores Opened and Closed on Christmas 2018 Starbucks: Most locations open Christmas Day. Some local stores may have shorter hours on Christmas Day . As for spots to do more traditional shopping on Christmas Day , think: convenience stores, gas stations, and drugstore chains. [Full Article...]


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