Business


No Mega Millions winner, jackpot now climbs to $1.6 billion No Mega Millions winner, jackpot now climbs to $1.6 billion
- October 21, 2018

The next drawing will be on Tuesday night. The new total ties the largest-ever USA lottery prize. One person in Texas could have the winning ticket for the $2 million Megaplier prize, according to a Mega Millions press release . Still, many secondary prizes need to be claimed, some ranging as high as a million dollars . The winning numbers for last night's drawing were: 15, 23, 53, 65, 70, and Mega Ball 7. (more...)
Turkey's Tupras in talks with U.S. for Iran sanctions waiver Turkey's Tupras in talks with U.S. for Iran sanctions waiver
- October 21, 2018

U.S. oil prices dropped below $70 a barrel on Wednesday for the first time in four weeks. The rupee-rial arrangement was used to buy oil from Iran before sanctions were lifted against it three years ago. And Beijing and Washington are squared off in a trade war that shows no sign of letting up. Countries such as Saudi Arabia already took all the measures to ensure that the market will be well-supplied. (more...)
Federal Reserve policymakers in favour of ‘restrictive’ policy Federal Reserve policymakers in favour of ‘restrictive’ policy
- October 19, 2018

The US dollar has strengthened against the yuan in recent months, prompting speculation that this month's report might contain formal claims of manipulation. The US Federal Reserve has signalled there will be another rise in interest rates this year, despite opposition from the White House and growing concerns about the impact on emerging market economies. (more...)
Tesla announces cheaper Model 3, but it's still not $35,000 Tesla announces cheaper Model 3, but it's still not $35,000
- October 19, 2018

That model remains on hold until next year, according to Tesla. Tesla Inc on Thursday introduced a new $45,000 version of its Model 3 sedan on its website , launching the vehicle as USA tax breaks for Tesla cars are about to decrease. Tesla did just take a step closer to achieving that, though. Musk has said the company, a cash-burning giant that faces billions of dollars in impending debts, must push out more profitable and expensive versions first: Shipping the cheapest "Model 3 right ... (more...)
Trump Plans Exit From Postal Treaty as Measure Against China Trump Plans Exit From Postal Treaty as Measure Against China
- October 19, 2018

Under the treaty, which sets fees that national carriers in 192 countries charge for mail delivery, the U.S. Postal Service bills China-based companies at a sharply discounted rate for parcels that weigh less than 4.4 pounds. Trump administration officials say the leg up, granted under a 1969 provision, was meant to promote growth in poor countries. The withdrawal process would take a year. (more...)
Trump says Saudi journalist likely dead, threatens 'severe' consequences Trump says Saudi journalist likely dead, threatens 'severe' consequences
- October 19, 2018

Asked if Khashoggi was dead, he said, "It certainly looks that way". On Wednesday, German Foreign Minister Heiko Maas said he was postponing a planned trip to Saudi Arabia pending the outcome of the investigation into Khashoggi's disappearance, calling the case "extremely worrying. (more...)
Canada's pot legalization makes headlines around the world Canada's pot legalization makes headlines around the world
- October 19, 2018

It remains a conservative country, but Rolles says the ruling, combined with Canada's move, has "opened the door for a more serious debate about how legalization might proceed in South Africa". Medical marijuana is legal in another 30 states. Reform advocates have been promoting marijuana legalization in Italy for years, without success. (more...)
Federal Reserve unanimously backed higher interest rates, despite Trump Federal Reserve unanimously backed higher interest rates, despite Trump
- October 19, 2018

The display of unanimity could bolster expectations the central bank will raise rates a fourth time this year in December. As well as making life more hard for U.S. In his first two years in office, Trump has had the rare opportunity to nominate or re-nominate officials for six of the Fed board's seven seats. That would put it above the 3 percent level which the Fed now pegs as its "neutral rate". (more...)
Burger King Reveals Burger King Reveals "Nightmare King" Burger, Claims It Causes Actual Nightmares
- October 19, 2018

Burger King is serving up a new Halloween-themed burger with a side of nightmares. Along with the Nightmare King, Burger King recently unveiled the Frozen Fanta Scary Black Cherry for Halloween . That's all well and good, but isn't there also a distinct difference between having nightmares because something scared you versus having nightmares because your dinner was an assault on your vital organs?! "Participants who expressed a preference for fast foods reported less frequent dream ... (more...)
Bitcoin Price Holds Above $6,500 as Tether's Risk Premium Remains Over 4% Bitcoin Price Holds Above $6,500 as Tether's Risk Premium Remains Over 4%
- October 18, 2018

The cryptocurrency exchange said that they continued to experience problems in relation to fiat transactions in the same way most other cryptocurrency firms were. He also implied in a rather ironic but not-so-obvious way that there is nothing organic about the sudden pump of Bitcoin and all of this looks like market manipulation. (more...)
BREAKING; Treasury Secretary Mnuchin Backs Out of Saudi Conference BREAKING; Treasury Secretary Mnuchin Backs Out of Saudi Conference
- October 18, 2018

Khashoggi , a critic of the Saudi monarchy who wrote for The Washington Post , has not been seen since that day. "There seems to be clear evidence that Khashoggi entered the Consulate and has never been seen since, the onus is on the Saudi authorities to reveal what happened to him from that point onwards", she said. (more...)
Juncker: extension of Brexit transition period 'probably will happen' Juncker: extension of Brexit transition period 'probably will happen'
- October 18, 2018

But even extending the transition period led to a compromise between May and the EU-27, there is no guarantee that she would be able to sell such a deal to her divided Conservative party . And a French official said any extension would come with conditions attached - it would not be automatic, it would be decided closer to the time and that it would have to be agreed by the leaders of the 27 other European Union nations, probably unanimously. (more...)
Fed officials discussed hiking rates to 'restrictive' level
- October 18, 2018

At 0640 GMT the rand was 0.26% weaker at R14.2900 per dollar, having risen to R14.1050, its best since 1 October, as the NY session kicked off before the release of the Fed minutes breathed life back into the greenback rally. This would move U.S. interest rates slightly above what policymakers say is "neutral" - that is, neither slowing nor speeding the economy - but some participants said the Fed would need to go even further than that. (more...)
Powerball ticket sold in East Wareham worth $1 million Powerball ticket sold in East Wareham worth $1 million
- October 18, 2018

On July 1, 2016. The Mega Millions jackpot has been accumulating since July 24, when it was won by a California office pool of 11 co-workers who shared the $543 million, making it the largest prize ever won on a single ticket in the game. (more...)
Washington lobbyists drop Saudi Arabia as a client - despite huge pay days Washington lobbyists drop Saudi Arabia as a client - despite huge pay days
- October 17, 2018

The report came as US Secretary of State Mike Pompeo held talks with Turkish officials in Ankara about Khashoggi's disappearance - a day after visiting Riyadh to discuss the mystery with Saudi King Salman and Crown Prince Mohammed bin Salman . (more...)
Trump co-signs Saudi Arabia’s Jamal Khashoggi cover-up, late-night pundit says Trump co-signs Saudi Arabia’s Jamal Khashoggi cover-up, late-night pundit says
- October 17, 2018

Lindsey Graham , R-South Carolina, speaking on Fox television. The newspaper said one of the Saudi "torturers" replied: "Shut up if you want to live when you return to ( Saudi) Arabia ". The former Central Intelligence Agency chief didn't make any remarks to the media. "The denial was very, very strong", Trump later told reporters at the White House. (more...)
Volkswagen's Audi fined more than a billion dollars over diesel emissions scandal Volkswagen's Audi fined more than a billion dollars over diesel emissions scandal
- October 17, 2018

It also accepted a €795m penalty for the economic benefits the business gained from the offending engines, imposed by the prosecutors in Munich, whose jurisdiction covers Audi's Ingolstadt headquarters. VW admitted to building so-called " defeat devices " into 11 million cars worldwide. Earlier this month, Volkswagen broke the contract of Audi Chief Executive Rupert Stadler, who is now being investigated over his alleged involvement in the diesel cheating. (more...)
Canada becomes second country to legalize marijuana nationwide Canada becomes second country to legalize marijuana nationwide
- October 17, 2018

In total, Statistics Canada says 5.4 million Canadians will buy cannabis from legal dispensaries in 2018 - about 15 percent of the population. The Liberals have been working closely with provinces and territories to strike the right balance on regulations to undercut the illegal market, Organized Crime Reduction Minister Bill Blair said Tuesday. (more...)
G7 FMs Call for Punishing Everyone Responsible for Khashoggi Disappearance G7 FMs Call for Punishing Everyone Responsible for Khashoggi Disappearance
- October 17, 2018

Khashoggi, who was notoriously critical of Saudi Arabia's new Crown Prince, entered the consulate on 2 October to get documents to marry his Turkish fiancee - but has not been seen since. "The Saudi government can no longer remain silent, and it is essential that our own government and others push harder for the truth", Ryan said in a statement. (more...)
Tesla, Musk settlements with SEC approved by judge Tesla, Musk settlements with SEC approved by judge
- October 17, 2018

Tesla and Musk came under SEC scrutiny after Musk said he's considering taking the company private at $420 a share, the number being a slang for marijuana. The settlement terms will have Tesla pay a $ 20 million fine, and Musk will pay a $ 20 million fine. At 12:43 AM on October 14th, Elon Musk tweeted about Your Name , a 2016 romantic drama anime, saying simply "Love Your Name ". (more...)
Mega Millions Ticket Sold In San Francisco Matches 5 Of 6 Numbers Mega Millions Ticket Sold In San Francisco Matches 5 Of 6 Numbers
- October 17, 2018

The winning numbers are 3, 45, 49, 61, 69, and 9, with a megaplier of 5. "Everyone is talking about the jackpot and running out to buy tickets for tonight's drawing", Gordon Medenica, Mega Millions lead director and Maryland Lottery and Gaming director, said in a press release. (more...)
Iran says Trump cannot bring oil prices down by 'bullying' Iran says Trump cannot bring oil prices down by 'bullying'
- October 17, 2018

Brent crude rose 63 cents, or 0.8 percent, to settle at $81.41 a barrel, while West Texas Intermediate (WTI) crude ended the session up 14 cents at $71.92 a barrel. "Once pipelines and oil terminals are built connecting the Permian to the U.S. Gulf Coast, then there will be a big step up in U.S. crude oil exports", Harry Tchilinguirian, oil strategist at French bank BNP Paribas told Reuters Global Oil Forum. (more...)
Saudi Arabia rejects 'threats' as diplomatic pressure mounts Saudi Arabia rejects 'threats' as diplomatic pressure mounts
- October 17, 2018

Moreover, the incident has given rise to a myriad of reactions among US Senators, ranging from boycotting an upcoming economic summit to ending support for Saudi military operations. A pro-government Turkish daily published preliminary evidence last week from investigators it said identified a 15-member Saudi intelligence team which arrived in Istanbul on diplomatic passports hours before Khashoggi disappeared on October 2. (more...)
YouTube says looking into reports of user access issues YouTube says looking into reports of user access issues
- October 17, 2018

YouTube says it's "working on resolving this and will let you know once fixed". While most users are familiar with 404 - page not found - error message 503 means "service unavailable". CBS News has reached out to YouTube for comment. "If you see them, send them this information as text (screenshots frighten them)". Instead of clicking through to the content they want, users have been seeing YouTube Internal 500 Error messages instead. (more...)
Trump threatens Honduran aid cut over caravan Trump threatens Honduran aid cut over caravan
- October 17, 2018

President Trump on Tuesday said he warned Honduras to stop a caravan of more than 1,000 migrants headed for the United States or else lose American aid. They didn't make it to the final destination as the infuriated Donald Trump told Mexican authorities to stop them and barred them from entering the US. (more...)
We’ll meet your oil needs: Saudi Arabia We’ll meet your oil needs: Saudi Arabia
- October 16, 2018

The meet was part of 40 heads of top oil companies and organisations. US President Donald Trump in May withdrew from the 2015 nuclear accord with Iran , reimposing economic sanctions against the Persian Gulf nation. PM Modi called for review of the terms of payment between the oil producers and India in order to provide temporary relief to rupee. India had contracted to import about 25 MT of crude oil from Iran in 2018-19, up from 22.6 MT imported in 2017-18. (more...)
Powerball Jackpot Reaches $345 million Powerball Jackpot Reaches $345 million
- October 16, 2018

Virginia Lottery reports the jackpots for Mega Millions and Powerball have reached nearly $1 billion combined. "With a little luck, we may still break that record by Tuesday". They're stuck at a miserable one in 302.5 million. The cash option on the Mega Millions prize is an estimated $372.6 million, while the cash option on the Powerball prize is an estimated $199 million. (more...)
Facebook confirms 29m users' details stolen in security breach Facebook confirms 29m users' details stolen in security breach
- October 16, 2018

The vulnerability has now been fixed, but not before the attackers used an automated technique to move from account to account so they could steal the access tokens of users, their friends, friends of their friends, and so on, totalling about 400,000 people. (more...)
Air India Air Hostess Seriously Injured After Falling Off Plane In Mumbai Air India Air Hostess Seriously Injured After Falling Off Plane In Mumbai
- October 16, 2018

She is semi-conscious but had sustained severe injuries. Air India added that it was investigating the incident. The patient is suffering from right leg compound fracture, fracture in both heels and soft tissue injury in chest, abdomen and lower spine. (more...)
US, Saudi Arabia on economic collision course US, Saudi Arabia on economic collision course
- October 16, 2018

One of those two individuals said he was told by those close to the Saudi leadership that the kingdom will claim that rogue operatives killed Khashoggi during an interrogation or a rendition attempt that went horribly awry. "We are going to try to get to the bottom of this very soon". We have seen Saudi Arabia killing Naser al-Sa'id in 1979 in Lebanon - he was kidnapped, taken back to Saudi Arabia and was killed. (more...)

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