Money

Top Venezuela official calls for early legislative elections

Top Venezuela official calls for early legislative elections The petro is backed by Venezuela's crude oil reserves, the largest in the world, yet it hit the market as the socialist country sinks deeper into an economic crisis marked by soaring inflation and food shortages that put residents in lines for hours to buy common products. [Full Article...]

Police name Netanyahu associates in corruption probe

Gerstel did not report the alleged bribe attempt to the police but she shared it with a colleague Esther Hayut, who was then a justice on the Supreme Court and now is the President of the Supreme Court. Netanyahu's government also introduced a bill to bar criminal investigations against the sitting prime ministers. Tuesday's revelations came as police commissioner Roni Alsheich faced a parliam... [Full Article...]

Shocking video of cruise ship passengers, crew in brutal brawl

Shocking video of cruise ship passengers, crew in brutal brawl Video footage of the brawl showed security guards involved in the mêlée, although it does not show who instigated the fight. An unnamed passenger filmed the ship's crew and security officers trying to break up the fight and, at one point, kicking two male passengers already on the ground. [Full Article...]

Dow futures fall more than 80 points as wild market swings continue

Dow futures fall more than 80 points as wild market swings continue The S&P 500 lost 14.73 points, or 0.554593 percent, to 2,641.27. The S&P 500 rose 1.4 percent Monday with energy and financials as the top performing sectors. The Dow rose about 330 points on Friday. Over the last two trading sessions, the major indexes gained about 3 percent . Drug distributor AmerisourceBergen jumped almost 13 percent after the Wall Street Journal reported Walgreens a... [Full Article...]

Nirav Modi's PNB fraud case: Assets worth Rs. 5100 crore seized

Nirav Modi's PNB fraud case: Assets worth Rs. 5100 crore seized Nirav's fraud was revealed in the third week of January, when his companies sought a fresh loan from PNB , which is India's second-largest state-run bank. "They have to bite the bullet and take on bureaucrats and the bank employee unions and actually fix banks' governance or India will struggle to maintain its growth projections". [Full Article...]

Mother gives birth, abandons baby at airport

Mother gives birth, abandons baby at airport A custodian told police she saw the woman holding the baby inside the restroom and that there were pools of blood on the floor. Another Avis employee called 911, saying: "Somebody left a newborn baby with a note in the bathroom". Arizona is a "safe haven" state, meaning parents can drop off newborns at designated locations like hospitals and churches if they are unable to care for them. [Full Article...]

The crude oil price moved closer to its lowest levels in 2018

The crude oil price moved closer to its lowest levels in 2018 Oil is also being buffeted by "ripple effects from the risk-off move in equity markets". USA oil shipments to China have surged, creating trade between the world's two biggest powers that until 2016 just did not exist, and helping Washington in its effort to reduce the nation's huge trade deficit with China. [Full Article...]

Rise in U.S. oil rigs push Brent oil below $62

Rise in U.S. oil rigs push Brent oil below $62 The falls come amid a rout in global share markets as inflation fears grip investors. Brent futures were down 30 cents at $64.51 a barrel by 0925 GMT. crude inventories and products as well as higher refinery run rates. First, sharp drops in USA imports of eroded the biggest market that producers like OPEC had relied on for many years. [Full Article...]

Apple Confirms iBoot Source Code Leak is Real, Downplays Significance

Apple Confirms iBoot Source Code Leak is Real, Downplays Significance KitGuru Says: Given how much money Apple is willing to shell out for iBoot vulnerabilities, we'll likely see security researchers rushing to analyse this code as quickly as possible. These types of jailbreaks used to be common on older versions of iOS, but as Apple has increased the security of their operating system with features such as the Secure Enclave Process chip, it's been more and... [Full Article...]

Dow plunges almost 700 points as bond fears haunt stocks

Dow plunges almost 700 points as bond fears haunt stocks U.S. Securities and Exchange Commission Chairman Jay Clayton said he "can't really say" what caused the dramatic drop in stock prices during recent trading sessions, but that all signs indicate financial markets are functioning normally. "It's like a kid at a child's party who, after an afternoon of cake and ice cream, eats one more cookie and that puts them over the edge", said David Kelly, the... [Full Article...]

Steve Wynn Resigns As Head Of Wynn Resorts Amid Sexual Misconduct Allegations

Steve Wynn Resigns As Head Of Wynn Resorts Amid Sexual Misconduct Allegations The Macau casino operator said in a regulatory filing Wednesday that Matthew Maddox , now a non-executive director, would take over as CEO with immediate effect. As I have reflected upon the environment this has created - one in which a rush to judgment takes precedence over everything else, including the facts - I have reached the conclusion I can not continue to be effective in my current rol... [Full Article...]

Stock Jumping Abnormally High: Ford Motor Co. (NYSE:F)

Stock Jumping Abnormally High: Ford Motor Co. (NYSE:F) Following the completion of the sale, the insider now directly owns 14,358 shares in the company, valued at approximately $186,654. Fayez Sarofim & Co. General Motors Company holds a total Debt Equity of * with the Long Term Debt/Equity of *. During the last 52 weeks, the price has been as high as $66.94 and as low as $49.6. [Full Article...]

Rising Bond Yields Weigh On Wall Street

Rising Bond Yields Weigh On Wall Street We are still a remote, narrow-based economy with a small and illiquid bond market. Even after this week's recovery in bond markets, 10-year yields in Germany and the U. At 7:12 a.m. ET (1212 GMT), Dow e-minis were down 309 points, or 1.22 percent, with 76,519 contracts changing hands. With this trend of mildly rising inflation, gold prices and T-bond yields will likely continue moving ... [Full Article...]

Snapchat Stock Soars on Revenue Gains

Snapchat Stock Soars on Revenue Gains Snap's sales climbed to $285 million in the fourth quarter, up 72% from the same period a year earlier. The company reported fourth-quarter results as Wall Street was looking for signs of life from an app that struggled at points previous year. [Full Article...]

Best Buy to stop selling CDs, Target considering same tactic

Best Buy to stop selling CDs, Target considering same tactic Target could be the next retailer to do so, as Billboard further reported that it was demanding that music suppliers sell the retailer inventory on a consignment basis and pay for unsold inventory. Best Buy did not immediately respond to EW's request for comment, but a Target spokesperson offered this statement: "Entertainment has been and continues to be an important part of Target's brand"... [Full Article...]

Cristiano Ronaldo key for Real Madrid against Paris Saint-Germain: David Beckham

Cristiano Ronaldo key for Real Madrid against Paris Saint-Germain: David Beckham In fact, he's only lagging behind Messi's total of club goals , having scored 268 to Messi's 313. Paris Saint-Germain captain Thiago Silva believes it is harder to defend against Barcelona star Lionel Messi than Real Madrid's Cristiano Ronaldo . [Full Article...]

Dow Jones sees biggest drop since 2016

Dow Jones sees biggest drop since 2016 Even after the selloff this week, the S&P 500 is up 3.3% for this year and that is on top of a 19.4-percent gain for 2017. The yield on the USA 10-year Treasury hit a high of 2.8525 per cent yesterday. The decline sent the Dow below the psychologically important level of 26,000, which it had just broken through for the first time two-and-a-half weeks ago. [Full Article...]

Rajnath Singh call tips scales, Naidu stays with NDA

Rajnath Singh call tips scales, Naidu stays with NDA Rajnath Singh called Naidu in the midst of the TDP's Parliamentary party meeting and reportedly asked Naidu to "wait" as the Union Government was looking into the concerns raised by him about Andhra Pradesh . "If required we will protest inside Parliament". The TDP's wish list includes a special package, filling up of revenue deficit, a separate railway zone for Visakhapatnam and allocations ... [Full Article...]

Stocks plunge amid spiking Treasury yields, disappointing earnings

A higher wage-related index in the jobs data released on Friday raised speculation that inflation will accelerate. Higher bond yields also mean higher borrowing costs for corporations. The Dow ended down 666 points, or about 2.5%, Friday as Treasury yields gathered steam following an upbeat jobs report. Rising yields can undercut appetite for assets perceived as risky, including stocks. [Full Article...]

Google Owner Alphabet Earnings Hit By Rising Costs Costs

Parent company, Alphabet , attributed its Q4 US$3 billion loss to a "one time transition tax" on "accumulated foreign subsidiary earnings and deferred tax impacts" totaling US$9.9 billion. While Google owns a massive chunk of the advertising system - and it still continues to print money - it's found itself trying to diversify itself away from that with a series of other big bets on products li... [Full Article...]


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