Economy

by | October 19, 2018 | 19:16

The next drawing is Friday, where the estimated jackpot could top $1 billion. In fact, this July when Mega Millions paid its last jackpot, it was worth more than $543 million, which is the ninth-largest jackpot in USA history. Lottery officials recommend winners take a deep breath, put their winning ticket in a safe spot and consult with a reputable financial planner before popping over to the lottery headquarters.

by | October 19, 2018 | 17:28

Mr Pompeo said the Saudis should be given a few more days to finish and make public a credible investigation before the U.S. decides "how or if" to respond. The president also said consequences would have to be "very severe" if it turns out Saudi Arabia is responsible for Khashoggi's death. "That's the message I transmitted to Saudi Arabia's foreign affairs minister", Freeland said in reference to the Khashoggi case.

by | October 18, 2018 | 09:06

He added that altogether, "the market is spent" and "we're going into a deficit situation where spare capacity is low"; he concluded that oil prices will "be above $90" if any sizeable outages occur in the near future. European diplomats have said the SPV would create a barter system, similar to one used by the Soviet Union during the Cold War, to exchange Iranian oil for European goods without money changing hands.

by | October 18, 2018 | 06:30

Khashoggi, a well-known critic of Saudi Arabia's regime, disappeared after walking into the Saudi consulate on October 2. Saudi Arabia also has its own investment in the ride-hailing firm. Just last week, Trump vowed to uncover the truth about what happened to Khashoggi and promised " severe punishment " for those responsible. Saudi Arabia has pledged to retaliate economically for any US punitive action.

by | October 18, 2018 | 06:26

Bradley Acord, 37, took the day off form work Wednesday to go claim his $10,000 Mega Millions prize in Topeka. The jackpot has been growing since July, when a group of California office workers won $543 million. The previous record was $656 million, shared by winners in 2012 in three states. Mega Millions is played in 44 states , Washington, D.C., and the U.S.

by | October 18, 2018 | 06:19

Foreign Minister Mike Pompeo , wrapping up a trip to Saudi Arabia and Turkey to discuss the crisis over the missing journalist, made a point to stress areas where the kingdom and America cooperate. The response so far has consisted in part of President Trump pushing for more time and noting that Khashoggi, who resided in Virginia, was not a U.S.

by | October 16, 2018 | 21:57

While privately expressing certainty about what happened, Turkish officials have voiced doubts about their ability to link the alleged murder, and the people it says were the assassins, directly to Prince Mohammed. Citing a person familiar with the call, CNN said MBS asked specifically to speak with Jared Kushner, Trump's son-in-law and senior adviser, to deny the accusations.

by | October 15, 2018 | 05:32

The attackers didn't take any information from about 1 million people whose accounts were vulnerable. Now, Facebook has released an update on the breach investigation revealing the true number of users affected by the hack. The company said that it may still not know the full extent of the attack and wasn't ruling out the possibility of other "smaller-scale attacks" linked to the breach.

by | October 15, 2018 | 02:18

The next Mega Millions drawing, scheduled for Tuesday, will be worth an estimated $654 million, officials said. To commemorate the more than half-billion dollar prize, Illinois Lottery representatives gave out 548 free tickets - one ticket per million dollars in the jackpot - to visitors at Marquette Newsstand, 140 S.

by | October 13, 2018 | 10:04

The IMF warns that risks highlighted in previous reports "have become more pronounced or have partially materialised" in the real world. In this worst-case scenario, the USA economy will take a significant hit. "The risks of a slowdown in global growth have increased over the past six months, and the potential for unexpected improvements has decreased", the report said.

by | October 13, 2018 | 05:25

Trade Representative Robert Lighthizer. The direct impact and indirect impact of the ongoing trade frictions is "generally controllable", Customs department spokesman Li Kuiwen said Friday. Analysts say a sharp depreciation of the yuan has also helped China weather the tariffs by making its exports cheaper. These would be the first direct talks since August, but with both sides digging in their heels, there are few hopes the leaders can secure a major breakthrough.

by | October 12, 2018 | 04:40

Earlier this morning, Wall Street suffered its worst trading day in eight months , with the Dow Jones Industrial Average plunging 832 points to 25,599. Esterline climbed 30.6 per cent to $115.97 while TransDigm slipped 2.9 per cent to $341.20. Historically, according to Goldman Sachs, rising bond yields have not posed major issues for stocks as long as their ascent has been gradual.

by | October 10, 2018 | 12:35

SBP spokesman Abid Qamar told Reuters "the market is aware about the overall macroeconomic conditions and based on those conditions, they are having their own expectations about the exchange rate , so that is driving (the rupee valuations) now".

by | October 07, 2018 | 17:40

The sell-off started in morning trading the day after Musk stirred nerves about a settlement of his securities fraud lawsuit by calling the SEC the " Shortseller Enrichment Commission " on Twitter . Tesla said in its 3Q vehicle safety report that "we've registered one accident or crash-like event for every 3.34 million miles driven in which drivers had Autopilot engaged".

by | October 05, 2018 | 14:13

It also called for strengthening domestic macro economic fundamentals noting the rising global headwinds including trade tension, rising crude oil prices and tightening global liquidity conditions. Stocks markets crashed up to 2.24% due to heavy selling pressure banking, energy, pharma and IT stocks. Besides, state-owned oil marketing companies have been allowed to raise Dollars 10 billion from overseas market to meet their working capital needs.

by | October 04, 2018 | 17:43

In a tweet, Maharashtra Chief Minister Devendra Fadnavis thanked Prime Minister Narendra Modi and Jaitley for cutting petrol and diesel prices and said it will provide "huge relief" to the common man. Jaitley said he on Wednesday met Oil Minister Dharmendra Pradhan and inter-ministerial consultations continued on Thursday. As on October 4, petrol prices stood at Rs 91.34 per litre in Mumbai .

by | October 02, 2018 | 21:01

Amazon said company lobbyists will also begin advocating for an increase in the USA federal minimum wage, which has been $7.25 an hour since 2009. Amazon's employment practices, especially for those working on the company's numerous front lines, have frequently been criticized.

by | October 01, 2018 | 18:09

The SEC's complaint alleged that Musk had made "false and misleading" statements , with Tesla's share price having risen on the back of Musk's tweet. In the Chicago suburb of Highland Park, more than 75 people crammed into Tesla's service center and another 50 or so waited outside. Musk said he later decided against the plan.

by | September 30, 2018 | 18:28

While that appeared to be more bad news, the markets seemed to be happy to see the fact that it was not an outright rejection as a positive sign. Today's session has been much more challenging for Ripple . Then, Ripple company announced on September 19th a deal with the PNC Financial Services Group, one of the largest banks in the US. PNC is now the 10 largest bank in the U.S, with more than 8 million customers and branches in several states across the country.

by | September 26, 2018 | 19:13

In a statement on Tuesday, Systrom, CEO of the company, said he and Krieger were grateful for "the last eight years at Instagram and six years with the Facebook team". Instagram has been a key part of the Facebook empire as younger users shun the original social network and move into different applications. There are reports that Mr Systrom had sought to maintain Instagram's independence and that this trickled down to make staff on Facebook and Instagram less inclined to be ...