Business


Ripple Price Analysis: XRP/USD Bullish Above $0.4250 Ripple Price Analysis: XRP/USD Bullish Above $0.4250
- October 18, 2018

XRP has a market value of $18.8B and an average daily trading volume of $665M. Currently, one XRP is equivalent to 0.00006665 BTC. News of talks between Ripple and the United States government caused a 10% surge in the price of XRP to about $0.460282. (more...)
Bulge Bracket Bargains at Goldman and Morgan Stanley Bulge Bracket Bargains at Goldman and Morgan Stanley
- October 18, 2018

Investment banks Morgan Stanley and Goldman Sachs rose sharply after turning in strong earnings reports. UnitedHealth , the largest U.S. health insurer and provider of privately run Medicare Advantage plans, once again topped Wall Street forecasts and raised its projections for the year. (more...)
White House's Kudlow says Trump not demanding Fed policy change
- October 18, 2018

Economists expect the Fed to shrug off White House pressure and continue slowly raising rates, which remain historically low. But Trump in the past week has called the Fed "crazy", "loco", "ridiculous", and "too cute". The Dow Jones Industrial Average jumped 547 points. U.S. Treasury Secretary Steven Mnuchin has said that Trump respects the independence of the Fed despite even though he prefers low interest rates, the Associated Press reports . (more...)
Cuadrilla to resume fracking seven years after tremors Cuadrilla to resume fracking seven years after tremors
- October 18, 2018

The practice, which involves injecting liquid underground to fracture rock and release gas, was halted in the United Kingdom after it was linked to earthquakes in 2011. The launch of the project follows a failed legal challenge by an environmental campaigner Friday. Justin Vanparys, 47, from Blackburn, said: "Fossil fuels should stay in the ground". (more...)
No trains to London Paddington this morning No trains to London Paddington this morning
- October 17, 2018

Passengers faced travel chaos after a Hitachi test train hit overhead cables in Hanwell near Ealing Broadway at around 7.30pm on Tuesday, October 16. The disruption caused mayhem across the Great Western Railway (GWR), which serves Bristol, Cardiff and the West Country, with a significantly reduced service across the network and all trains terminating at Reading. (more...)
Jamal Khashoggi: Pompeo to meet Erdoğan as gory reports of killing emerge Jamal Khashoggi: Pompeo to meet Erdoğan as gory reports of killing emerge
- October 17, 2018

But Riyadh insists that the journalist, a known critic of Saudi King Salman, had left the building and that murder claims are "baseless". Turkish forensics and police officers arrive to the Saudi Arabia's consulate in Istanbul on October 15, 2018, to search the premises in the investigation over missing Saudi journalist Jamal Khashoggi . (more...)
Iran stays quiet on Khashoggi case Iran stays quiet on Khashoggi case
- October 17, 2018

But the Saudis have faced intense criticism over the Khashoggi incident, which comes just after USA senators almost succeeded in cutting off support for Riyadh's air campaign against rebels in Yemen, which a United Nations report says has killed thousands of civilians. (more...)
The Netherlands slips on WEF world's most competitive economy list The Netherlands slips on WEF world's most competitive economy list
- October 17, 2018

On the list of 140 economies, the U.S. is followed by Singapore and Germany in the second and the third positions respectively. The WEF report looked at 12 pillars to assess country rankings: institutions, infrastructure, information and communications technology adoption, macroeconomic stability, health, skills, product market, labor market, financial system, market size, business dynamism, and innovation capability. (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

Saudi officials have repeatedly denied any involvement in Khashoggi's disappearance and say they have no information about his whereabouts. Turkish authorities have an audio recording indicating that Khashoggi was killed in the consulate, Turkish sources have told Reuters. (more...)
Winning numbers for $667 million Mega Millions jackpot Winning numbers for $667 million Mega Millions jackpot
- October 17, 2018

The jackpot had swelled because nobody has won since July 24. The winning numbers - drawn at 8 p.m. PST - were 3, 45, 49, 61 and 69 with 9 as the Mega Ball number. There was no word as to how much that ticket would be worth from lottery officials. No winning lottery ticket was sold for the latest Mega Millions drawing, meaning the jackpot climbs to $868 million. (more...)
Lyft’s new ride subscription service includes Tacoma Lyft’s new ride subscription service includes Tacoma
- October 17, 2018

Dubbed the "All-Access Plan", the monthly subscription costs $299 per month for 30 rides. With it, folks who know they use Lyft frequently can pay $300 per month, which will set a specific per-ride price throughout the stretch of time, and avoid having to pay for each individual ride. (more...)
Committed to meet India's oil demand: Saudi Energy Minister Committed to meet India's oil demand: Saudi Energy Minister
- October 17, 2018

Given the impact of rising oil prices on the rupee and India's trade deficit, his motivations were clear. Brent crude was down 50 cents a barrel at $80.28 by 1320 GMT. crude oil exports", Harry Tchilinguirian, oil strategist at French bank BNP Paribas told Reuters Global Oil Forum. Iran has lost some customers for its oil because of looming US sanctions, but high prices are making up for the lost sales, Iranian Vice President Eshaq Jahangiri has said. (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

Audi says the V6 and V8 diesel engines in question did meet regulatory requirements, and it also "failed to discover" diesel engines supplied to it from Volkswagen between 2004 and 2018 had an "impermissible software function". The case covered some 4.9 million Audi cars sold in Europe, the US and elsewhere between 2004 and 20018. Former chief Martin Winterkorn and other executives face criminal charges in the United States, though they can not legally be extradited. (more...)
Outage puts YouTube on pause Outage puts YouTube on pause
- October 17, 2018

The outage appears to have begun around 6 p.m. PT, according to outage monitors and comments on Twitter. We're working on resolving this and will let you know once fixed. "We apologize for any inconvenience". No further information on the issue is available. Similar to the website, the YouTube app showed blank areas on the homescreen, while navigating to the "trending", "subscriptions" and "library" tabs returned error messages. (more...)
Saudi Arabia Says It Will Increase Output To Keep Oil Market Stable
- October 17, 2018

Retail prices for gasoline and diesel fuel in India are at record highs and the government has cut its excise tax on fuel to ease some of the pain for consumers. "America thinks Saudi Arabia can replace this oil". While most oil analysts have attributed the sharp rise of premium crude prices since April to over $80 a barrel at least in part to the loss of Iranian exports, the USA special envoy for Iran, Brian Hook, told reporters in Paris on October 15 that the market is doing fine with less ... (more...)
Singapore Airlines launches Airbus A350-900ULR service Singapore Airlines launches Airbus A350-900ULR service
- October 17, 2018

Singapore Airlines relaunched the longest flight in the world on Thursday connecting Newark Liberty International Airport with its home base at Changi Airport in Singapore. While possessing exceptional range and capability, the A340-500 was a relic of the 1990s and the thirst of its four-engines proved to be too uneconomical to sustain. (more...)
Uber 'could land $120bn price-tag' in upcoming IPO Uber 'could land $120bn price-tag' in upcoming IPO
- October 17, 2018

Uber had always been one of the most valuable startups in the world, until China's Bytedance Ltd. was said to be valued at $75 billion. The second-largest US ride-sharing company's valuation could top $15 billion in the public markets, said the person, who asked not to be named because the discussions are private. (more...)
US judge approves settlement between SEC, Tesla and Elon Musk US judge approves settlement between SEC, Tesla and Elon Musk
- October 17, 2018

Tesla also agreed to pay $20 million. As per the settlement announced on 29 September, Tesla must appoint an independent chairman, two independent directors and a board committee to set controls over Mr Musk's communications. After electric cars, space rockets, tunnel-boring technology and high-speed transportation systems, Elon Musk appears to be branching into booze. (more...)
Trump threatens Honduran aid cut over caravan Trump threatens Honduran aid cut over caravan
- October 16, 2018

Trump says "The United States has strongly informed the President of Honduras that if the large Caravan of people heading to the U.S.is not stopped and brought back to Honduras , no more money or aid will be given to Honduras , effective immediately!" Trump wrote on Twitter. (more...)
Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00 Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00
- October 16, 2018

Saudi oil minister Khalid A Al-Falih, who was present at the meet, however, said oil prices were not within their control. The country is heavily dependent on imports, with around 83 per cent of the fuel being bought from overseas. PM Modi said this during his interaction with the heads of oil and gas companies and organisations in New Delhi . According to Refinitiv Eikon data, Iranian exports of crude oil have declined to 1.33 million bpd, a sharp contrast to April's 2.5 million bpd, ... (more...)
Diesel price hiked again; wipes out ₹2.5/L cut Diesel price hiked again; wipes out ₹2.5/L cut
- October 16, 2018

The AA says the country can not continue to be hammered by large fuel price hikes without severe economic knock-on effects. Petrol prices are now set for a 40 cents-a-litre increase, while illuminating paraffin could spike by 65 cents. Haryana and Uttar Pradesh, which border the national capital, have reduced Value-Added Tax, the association said. Petrol has gone up by 10% in the past seven months, while diesel has risen by 11% over the same period. (more...)
Facebook Says Hackers Stole Details From 29 Million Users Facebook Says Hackers Stole Details From 29 Million Users
- October 16, 2018

As Rosen explains, hackers used the "View as" feature to steal the access tokens from their friends, then "used an automated technique to move from account to account, so they could steal the access tokens of those friends, and for friends of those friends, and so on, totaling about 400,000 people". (more...)
Players, coaches react to Seahawks owner Paul Allen’s death Players, coaches react to Seahawks owner Paul Allen’s death
- October 16, 2018

Paul Gardner Allen was born on January 21, 1953, in Seattle, Washington. "In those days we were just goofing around, or so we thought", Gates recalled in his 1985 book "The Road Ahead". She added that they were grateful for the care he took everyday. On his website he had said he and his doctors were "optimistic" about treatment. He was not alone in predicting connected computing but was one of the most prominent. (more...)
Trump says 'rogue killers' may be behind Saudi journalist's disappearance Trump says 'rogue killers' may be behind Saudi journalist's disappearance
- October 16, 2018

In this February 1, 2015, file photo, Saudi journalist Jamal Khashoggi speaks during a press conference in Manama, Bahrain. But Sen. Marco Rubio (R-Fla.) said Mnuchin should not attend the economic summit because the United States should not continue "business as usual" with Saudi Arabia in the wake of Khashoggi's disappearance. (more...)
Jackpot bonanza: huge lottery prizes up for grabs in Canada, U.S. Jackpot bonanza: huge lottery prizes up for grabs in Canada, U.S.
- October 15, 2018

The potential jackpot is the second highest in game history. Mega Millions is played in 44 states, Washington, D.C., and the U.S. Virgin Islands. The Powerball player winners won by matching four of the five white numbers drawn, plus the red Powerball, which is a base prize of $50,000. (more...)
Sears To File For Bankruptcy, Several Stores To Close Sears To File For Bankruptcy, Several Stores To Close
- October 15, 2018

While the company said its Sears and Kmart stores will continue to operate as usual, another 142 unprofitable locations will be shuttered by the end of 2018. Sears' stock has fallen from about $6 over the past year to below the minimum $1 level that Nasdaq stocks are required to trade in order to remain on the stock index. (more...)
'Rogue killers' might have slain missing Saudi journalist 'Rogue killers' might have slain missing Saudi journalist
- October 15, 2018

A critic of Saudi Arabia's Crown Prince Mohammed bin Salman, Mr Khashoggi visited the consulate to obtain a document confirming he had divorced his ex-wife, in order to allow him to remarry. According to a Turkish presidential source, who asked not to be named, Erdogan and the king discussed "the issue of shedding light on the case of Jamal Khashoggi" and also emphasised the "importance of creating a joint working group within the framework of the investigation". (more...)
Could the oil Industry in India See Higher Profits?
- October 15, 2018

Last week, the Indian top Finance Minister said that the Indian government’s request to PSUs to subsidize petroleum and diesel prices by 1-Rupee per liter was a onetime request and the government does not intend to ask them to generate this subsidy again. (more...)
US retailer Sears files for Chapter 11 bankruptcy US retailer Sears files for Chapter 11 bankruptcy
- October 15, 2018

CEO and primary shareholder Eddie Lampert told the company's board that it was crucial it restructure more than $5 billion it owes "without delay", according to a recent regulatory filing. At the start of August, there were 866 Sears and Kmart stores. Sears Holdings Corp CEO Eddie Lampert has stepped in to contribute towards a financing package of between US$500 million and US$600 million that the United States department store operator was close to securing on Sunday (Oct 14) to fund ... (more...)
Air India flight attendant falls off plane at Mumbai airport Air India flight attendant falls off plane at Mumbai airport
- October 15, 2018

The Times of India reported that there was some damage to the belly of the aircraft but after some time on the ground it was able to resume operations. "She was rushed to the hospital in an ambulance", the source added. "The cabin crew is concious". She has been admitted to the Nanavati hospital. According to officials in Nanavati Super speciality hospital, the air hostess is undergoing a series of tests. (more...)

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