Oil prices rise on planned Opec cuts

The Saudi energy minister is doubting an OPEC deal to cut oil production will be reached by Friday. Venezuela, Iran , and Libya were exempted from the production cutback, owing to Venezuela's already declining production, Iran's uncertain economic... More..

by | Published more than a month ago
Unemployment rate continues to drop in Kamloops
by | Sunday, December 09, 2018

Unemployment rate continues to drop in Kamloops

In Ontario, the number of jobs grew by 20,000 holding the unemployment rate steady at 5.6 per cent. Nationally, a blast of new jobs last month knocked the country's unemployment rate down to its lowest level ...More..

Amazon eyes expansion of check-out free stores at airports
by | Sunday, December 09, 2018

Amazon eyes expansion of check-out free stores at airports

Amazon has opened similar 7 stores since January in cities like San Francisco , its hometown Seattle and Chicago . According to emails obtained through Reuters' public records requests, Amazon reached ...More..

Unregulated Facial Recognition Risks 1984-Like Future
by | Sunday, December 09, 2018

Unregulated Facial Recognition Risks 1984-Like Future

Smith stressed that it's critical to avoid using facial recognition in ways that foster illegal discrimination, and he said that there needs to be meaningful human review. While numerous issues are becoming...More..

USA jobs growth slows in November
by | Sunday, December 09, 2018

USA jobs growth slows in November

The unemployment rate remained at 3.7 percent, a 49-month low. The overall number was a fall from the 237,000 new positions added in October , per the latest BLS figures, which largely made up for jobs lo...More..

Skoda unveils all-new Scala hatchback
by | Sunday, December 09, 2018

Skoda unveils all-new Scala hatchback

Depending on the variant, the Scala will get wheels measuring between 15 - 18 inches in diameter. The Scala is the first auto in the VW Group to get the latest version of the technology, which offers over-the...More..

France braced for 'day of rage' protests
by | Saturday, December 08, 2018

France braced for 'day of rage' protests

National police estimated the number of protesters in Paris on Saturday at 8,000, among 31,000 protesters nationwide. Some 8,000 officers and 12 armoured vehicles have been deployed in Paris alone, and al...More..

by | Saturday, December 08, 2018

Despite Trump's tariffs, US trade deficit at 10-year high

November exports rose 5.4 percent from a year earlier, Chinese customs data showed on Saturday, the weakest performance since a 3 percent contraction in March. Soybeans & Liquified Natural Gas" that were put on...More..

Fiat Chrysler may open plant near Detroit to build seven-seat Jeeps
by | Saturday, December 08, 2018

Fiat Chrysler may open plant near Detroit to build seven-seat Jeeps

The conversion to building the three-row Grand Cherokee could happen quickly enough for the new model to go on sale for the 2021 model year, according to The Detroit News . Chief Executive Officer Mike Manl...More..

Malboro Maker Invests $2.4 Billion into Cannabis Company-T.CRON-P.CANNABIS
by | Saturday, December 08, 2018

Malboro Maker Invests $2.4 Billion into Cannabis Company-T.CRON-P.CANNABIS

The Altria-Cronos deal is "encouraging" given the broad potential uses for cannabis such as in pharmaceuticals and health and wellness products, she said in a note to clients. The move will help it tap into a...More..

Australia passes bill to force tech firms to hand over encrypted data
by | Saturday, December 08, 2018

Australia passes bill to force tech firms to hand over encrypted data

Australia is part of the Five Eyes security alliance, along with New Zealand , Canada , the United Kingdom and the U.S. As such, this could cause wider reverberations that are felt internationally. There a...More..

Aston Martin unveils reversible EV conversion for heritage cars
by | Saturday, December 08, 2018

Aston Martin unveils reversible EV conversion for heritage cars

The vehicle Prince Harry and Megan Markle used in their wedding a few months ago? To develop the auto Aston Martin Lagonda used knowledge gained from the final phase development of the Rapid E electric ve...More..

Jeep Wrangler scores a poor 1 star in Euro NCAP crash test
by | Saturday, December 08, 2018

Jeep Wrangler scores a poor 1 star in Euro NCAP crash test

Euro NCAP's secretary general Michiel van Ratingen said it was truly disappointing to see a brand-new vehicle being put on sale in 2018 with no autonomous braking system and no lane assistance. In child occupa...More..

Bush to lie in state in Capitol Rotunda
by | Saturday, December 08, 2018

Bush to lie in state in Capitol Rotunda

The 41st president of the US served from 1989 to 1993 and watched his son, George W. Bush, win election as the 43rd president of the USA eight years later. "America has lost a patriot and humble servant in Geor...More..

GM CEO Mary Barra was forced to shut United States plants: Bob Nardelli
by | Friday, December 07, 2018

GM CEO Mary Barra was forced to shut United States plants: Bob Nardelli

A week after announcing huge job cuts and factory closures that enraged U.S. President Donald Trump, GM's CEO met members of Congress from OH and Maryland on December 5. She cast the decision to downsize ...More..

China Promises Prompt Action on US Trade Pact
by | Friday, December 07, 2018

China Promises Prompt Action on US Trade Pact

U.S. President Donald Trump met with his Chinese counterpart Xi Jinping this week to discuss trade policy, and U.S. National Economic Council Director Larry Kudlow told CNBC that the Huawei CFO's arrest is ...More..

China is preparing to buy U.S. liquefied gas and soybeans again
by | Friday, December 07, 2018

China is preparing to buy U.S. liquefied gas and soybeans again

Failure would raise the specter of a major escalation in the trade battle, with fresh US tariff action and Chinese retaliation possibly as early as March. stocks. The U.S. had a $335.4 billion trade deficit w...More..

Global stocks give up chunk of US-China trade truce gains
by | Friday, December 07, 2018

Global stocks give up chunk of US-China trade truce gains

The rally in equities follows an agreement reached between Washington and Beijing at the G20 summit in Argentina on Saturday that calls for a 90-day trade tariff truce. The dollar index.DXY, which mea...More..

Volkswagen Group will not launch petrol, diesel powered cars from 2026
by | Friday, December 07, 2018

Volkswagen Group will not launch petrol, diesel powered cars from 2026

Speaking at an industry conference near VAG's headquarters in Wolfsburg, VW's strategy chief Michael Jost, revealed his "colleagues are working on the last platform for vehicles that aren't Carbon dioxide neutr...More..

Federal agency probing accident that sickened Amazon workers
by | Friday, December 07, 2018

Federal agency probing accident that sickened Amazon workers

After an initial investigation by police, it was determined that "an automated machine accidentally punctured a 9-ounce bear repellent can, releasing concentrated Capsaicn", Robbinsville Township communicatio...More..

Cheescake Factory giving away 40,000 slices to celebrate 40th birthday
by | Friday, December 07, 2018

Cheescake Factory giving away 40,000 slices to celebrate 40th birthday

The Cheesecake Factory is celebrating its 40th anniversary in a delicious way. Get a free slice* of cheesecake when you order delivery through DoorDash! "In celebration of our 40th anniversary, on December ...More..

'Crazy stuff': Passengers shaken after plane skids off runway during rainstorm
by | Friday, December 07, 2018

'Crazy stuff': Passengers shaken after plane skids off runway during rainstorm

There were 112 passengers and five crew members on the flight, Southwest spokeswoman Brandy King said. METAR reports for BUR from immediately before and after the incident indicate the airport was experiencin...More..

Burger King Looks To 'Detour' Folks On Way To McD's 12/05/2018
by | Friday, December 07, 2018

Burger King Looks To 'Detour' Folks On Way To McD's 12/05/2018

But, and here comes the sneaky part, customers have to be using the Burger King app to order - and be at a McDonald's . If the customer is close enough to the golden arches, the app will unlock the penny promo...More..

The
by | Friday, December 07, 2018

The "yield curve" is inverting (gasp!) - should investors freak out?

U.S. light crude was last up 30 cents at $53.25. Usually it just keeps raising rates, yield curve be damned, and it may be about to make the same mistake, Karl writes. No - and that's why this latest flip in ...More..

White House, Trudeau seek to distance themselves from Huawei move
by | Friday, December 07, 2018

White House, Trudeau seek to distance themselves from Huawei move

Canada on Saturday arrested Meng Wanzhou , Huawei's global chief financial officer, in Vancouver, where she is facing extradition to the USA on suspicion she violated US sanctions against Iran, the Globe an...More..

Markets slump after arrest of the Huawei executive Meng Wanzhou
by | Thursday, December 06, 2018

Markets slump after arrest of the Huawei executive Meng Wanzhou

Huawei issued a statement saying Meng was changing flights in Canada when she was detained "on behalf of the United States of America" to face "unspecified charges" in NY. "Huawei complies with all applica...More..

‘I Love You, Too’: George H.W. Bush’s Final Words To Son
by | Thursday, December 06, 2018

‘I Love You, Too’: George H.W. Bush’s Final Words To Son

Trump also announced that he'll be sending one of the Boeing 747s that serves as Air Force One to Houston to transport Bush's casket to Washington, D.C. Bush will lie in state in the rotunda until Wednesday mor...More..

Volatile Oil Prices With High Production And Low Demand
by | Thursday, December 06, 2018

Volatile Oil Prices With High Production And Low Demand

This increase in the country's oil inventory was fed by increasing oil imports. U.S. West Texas Intermediate crude fell 42 cents to $51.14 U.S. "This is effectively an achievement of Saudi Arabia and the crow...More..

by | Thursday, December 06, 2018

What A Yield Curve Inversion Means For Traders

Trump's comments , alongside the drop in USA stocks and bond yields, took Asian shares outside Japan 1.5 per cent lower. The yield curve measures how much more in interest investors get for owning a long-...More..

Saudi Arabia works on convincing Russian Federation to join oil cuts
by | Thursday, December 06, 2018

Saudi Arabia works on convincing Russian Federation to join oil cuts

The move would mean reducing production by more than 1 million bpd. The Organization of the Petroleum Exporting Countries and its allies continued to haggle over the size of potential crude-production cuts in...More..