• China 'creates two billionaires a week'
China 'creates two billionaires a week'

Explosive wealth creation in China . But this is just the beginning. The richest people on Earth increased their wealth by a fifth to $8.9tn (£6.9tn), according to a report by Swiss bank UBS. This year, however, has seen stock markets decline worldwide over interest rate increases in the US and emerging market volatility, only to be exacerba...

Read more

  • Musk confirms Tesla Model 3 in Australia, UK by mid 2019
Musk confirms Tesla Model 3 in Australia, UK by mid 2019

Tesla said that delivery and logistics were the biggest challenges within the third quarter but was able to quickly work around it by making improvements. In fact, he expected the company's cash flow position to be strong enough by early next year it may start paying down debt. In Wednesday's conference call, Musk brushed aside a question abou...

Read more

  • Trump says he 'agrees with Obama 100%' on old immigration statement
Trump says he 'agrees with Obama 100%' on old immigration statement

Early voting in Clark County, Nevada, began October 20 and has recorded the highest turnout during the first two days of early voting in a midterm election. The rally at a University of Nevada, Las Vegas arena included performances from hip-hop group Salt-N-Pepa and Columbian reggaeton star J Balvin and a speech from actress America Ferrera.

Read more

  • Could The $1.6 Billion Lottery Winner Appear On My Lottery Dream Home?
Could The $1.6 Billion Lottery Winner Appear On My Lottery Dream Home?

Two of those winners - in Florida and Texas - added the Megaplier option to their ticket, and Tuesday's 3X Megaplier number tripled their prizes to $3 million. The name of South Carolina's last big victor - a $399 million Powerball jackpot in September 2013 which at the time was the fourth biggest lottery prize in USA history - has never been m...

Read more

  • Markets Right Now: Stocks plunge, erasing gains for the year
Markets Right Now: Stocks plunge, erasing gains for the year

Bond prices continued to rise, sending yields lower. 'Investors are on pins and needles, ' said Erik Davidson, chief investment officer at Wells Fargo Private Bank. TARIFFS TROUBLE: Shares in iRobot gave up 12.8 percent to $80.05 percent after the robotics technology company said tariffs will reduce its profitability in the fourth quarter.

Read more

  • Saudi crown prince breaks silence on 'heinous' Khashoggi killing
Saudi crown prince breaks silence on 'heinous' Khashoggi killing

He added that he wanted the region's economic transition to happen in his lifetime. ERROR: Macro /ads/dfp-ad-article-new is missing! The United States has threatened sanctions if the Saudi leadership is linked to the murder, and on Tuesday revoked the visas of 21 Saudi nationals implicated in the crime.

Read more

  • Record $1.6 Billion Mega Millions Jackpot Up For Grabs Tonight
Record $1.6 Billion Mega Millions Jackpot Up For Grabs Tonight

Powerball, also owned and operated by the Multi-State Lottery Association, reached $ 620 million with no victor Saturday. Wednesday's Powerball jackpot stands at $620 million. Tickets sold for today's drawing are expected to cover 75 per cent of all possible number combinations, he said. That is up from 1 in 259 million a year ago; the cha...

Read more

  • Saudi Arabia says scandal over Khashoggi killing won't trigger another oil crisis
Saudi Arabia says scandal over Khashoggi killing won't trigger another oil crisis

But the scandal does reveal one thing. Saudi Arabia must put in place measures to ensure something like this can never happen again. While Saudi Arabia is intent on making up for lost barrels, the outlook for demand next year is deteriorating.

Read more

  • Jamal Khashoggi's killing was a tremendous mistake: Saudi Arabia
Jamal Khashoggi's killing was a tremendous mistake: Saudi Arabia

Several countries, including Germany, Britain, France and Turkey , have pressed Riyadh to provide all the facts, and Chancellor Angela Merkel said Berlin would not export arms to Saudi Arabia while uncertainty over Khashoggi's fate persisted.

Read more

  • Pompeo meets with Mexican government as its police attack Honduran migrants
Pompeo meets with Mexican government as its police attack Honduran migrants

Honduran migrants leave Guatemala City at sunrise Thursday, Oct. 18, 2018 as they make continue their way north toward the U.S. numerous more than 2,000 Hondurans in a migrant caravan trying to wend its way to the United States left spontaneously with little more than the clothes on their backs and what they could quickly throw into backp...

Read more

  • Dutch finance minister cancels visit to Saudi investment conference
Dutch finance minister cancels visit to Saudi investment conference

After a successful career as an adviser to and unofficial spokesman for the royal family of Saudi Arabia , he had been barred from writing in the kingdom, even on Twitter, by the new crown prince. Khashoggi provided examples of crackdowns on the free press in the Arab world, actions he said prevent citizens from knowing the true facts and coming t...

Read more

  • Musk to purchase Tesla stock worth US$20 million
Musk to purchase Tesla stock worth US$20 million

Musk also shot off a sarcastic tweet last Thursday to the SEC, just hours after Judge Alison Nathan with the U.S. District Court, Southern District of NY, ordered him and the SEC to explain why their settlement was fair and reasonable. The surprising tweet caused Tesla's share price to rise quickly, before dropping almost 30 percent. A trouble...

Read more

  • Mega Millions winning numbers tonight for $667 million jackpot
Mega Millions winning numbers tonight for $667 million jackpot

The estimated cash value, if you're lucky enough to match all six numbers, is $380 million. Roland Reyes claimed the prize on behalf of his group, saying they chose to play on a whim when they saw how large the jackpot had become. Mega Millions tickets cost $2 per play and there are a total of nine ways to win a prize, ranging from the jackpot ...

Read more

  • Trump Criticizes Condemnation of Saudi Arabia in Journalist's Disappearance
Trump Criticizes Condemnation of Saudi Arabia in Journalist's Disappearance

NBC News reported that the Saudis are discussing issuing an explanation that would admit that Khashoggi was killed in the consulate while giving bin Salman so-called plausible deniability by saying he neither ordered the murder nor knew about it.

Read more

  • Sanctions against Saudi would ‘rock the world’ says Saudi state owned press
Sanctions against Saudi would ‘rock the world’ says Saudi state owned press

Khashoggi, a critic of the Saudi monarchy, was last seen entering the Saudi consulate in Turkey's capital Istanbul on October 2 and may have been killed there, according to Turkish officials. Turkey accepted a Saudi proposal last week to form a joint working group to investigate Khashoggi's disappearance, which has sparked threats of economic san...

Read more

  • Sears, the Amazon of its day, files for bankruptcy
Sears, the Amazon of its day, files for bankruptcy

In the last two years alone, it closed more than 725 Sears and Kmart stores nationwide. The icon once known for its pristine catalogs, and more recently known for decrepit showrooms and a controversial chief executive, saw its stock price plunge last week after reports that it had hired an advisory firm to prepare a bankruptcy filing ahead of the...

Read more

  • Trump sends Secretary of State to meet Saudi king over Khashoggi disappearance
Trump sends Secretary of State to meet Saudi king over Khashoggi disappearance

More major players in worldwide finance and industry are pulling out of a high-profile business conference in Saudi Arabia in the wake of reports that a Saudi writer critical of the government disappeared and is feared dead after entering a Saudi consulate in Turkey .

Read more

  • Riyadh threatens retaliation for 'actions' against it over missing journalist
Riyadh threatens retaliation for 'actions' against it over missing journalist

Mr. Khashoggi , a columnist for The Washington Post , has not been seen since October 2, when he walked into the Saudi consulate in Istanbul , Turkey . "If he makes a genuine contribution to the efforts to reveal what happened inside the Saudi consulate in Istanbul that day, I will consider accepting his invitation".

Read more

  • No Mega Millions Winner, Jackpot Jumps To $654 Million
No Mega Millions Winner, Jackpot Jumps To $654 Million

No one has won since July. The lump sum option for that jackpot pays $179.4 million. A lucky player could soon overcome remarkably bad odds to win the ninth-largest lottery jackpot in USA history. The drawing is at 10:59 p.m. Friday night and you can buy tickets up until 10:45 p.m.at retailers or online . The Mega Millions jackpot is appro...

Read more

  • James Murdoch may replace Musk as Tesla chairman
James Murdoch may replace Musk as Tesla chairman

Mr Musk agreed to give up the chairmanship last month to resolve claims of fraud brought by U.S. financial regulators. He stepped down from the board of Sky Plc on Tuesday following the completion of Comcast's takeover. But spokesman for Tesla, Kamran Mumtaz, said that these reports were false. If developed, the drink would not be the first time ...

Read more

  • China’s trade surplus with USA hits record high of US$34 billion
China’s trade surplus with USA hits record high of US$34 billion

China is well-known as a resting place for state-owned corporate zombies. On Wall Street, the Dow Jones Industrial Average jumped 305 points, or 1.2 per cent, in late-morning trading, and the Nasdaq composite surged 138 points, or 1.9 per cent.

Read more

  • Sudden jump in United States interest rates prompts Wall Street stock plunge
Sudden jump in United States interest rates prompts Wall Street stock plunge

United States stocks notched solid gains in the third quarter as investors brushed aside worries about trade wars and focused on strong corporate earnings and solid USA economic data. "The U.S. market sell-off last night spooked sentiment and rekindled memories of similar trading sessions at the beginning of this year", Medha Samant, investment dir...

Read more

  • WaPo: Saudi Prince Ordered Operation to Lure Khashoggi to Saudi Arabia
WaPo: Saudi Prince Ordered Operation to Lure Khashoggi to Saudi Arabia

Asked in a telephone interview with Fox News Channel late on Wednesday whether Saudis were responsible for Khashoggi's disappearance or death, Trump said: "I guess you would have to say so far it's looking a little bit like that and we're going to have to see".

Read more

  • New Reports Add Detail To Disappearance Of Saudi Journalist Jamal Khashoggi
New Reports Add Detail To Disappearance Of Saudi Journalist Jamal Khashoggi

A pro-government Turkish newspaper has published the names and photographs of 15 Saudi nationals who allegedly arrived in Istanbul on board two private jets the day journalist Jamal Khashoggi went missing. Almost two hours later, the video shows two vehicles with diplomatic plates -a luxury black sedan and a black Mercedes VITO van- leave through...

Read more

  • International Monetary Fund predicts 7.3% growth rate for India in current fiscal year
International Monetary Fund predicts 7.3% growth rate for India in current fiscal year

The ongoing trade war between the USA and China could start having material effects on the economies of both countries within the coming years, according to new projections from the International Monetary Fund ( IMF ). Despite some cause for positivity however, the International Monetary Fund has also suggested Switzerland's economy may slow do...

Read more

  • Tropical Storm Michael expected to slam into Florida as hurricane
Tropical Storm Michael expected to slam into Florida as hurricane

Michael has strengthened into a hurricane and is forecast to strike the northeast Florida coastline as a Category 3 with unsafe storm surge flooding , destructive winds and flooding rainfall . Tallahassee Mayor Andrew Gillum, who is also the Democratic gubernatorial candidate in the November 6 elections, said on Sunday he was cancellin...

Read more

  • Amazon Cuts Some Pay Incentives As It Raises Minimum Wage
Amazon Cuts Some Pay Incentives As It Raises Minimum Wage

According to a survey of job postings, starting pay for such workers can be as low as $10 an hour or as high as $14. - Amazon made a big splash this week with its $15 an hour minimum wage announcement, but lost in the fine print: Existing warehouse workers will no longer receive stock in the company or collect bonuses.

Read more

  • May: no-deal Brexit would mean tariffs
May: no-deal Brexit would mean tariffs

And you've got to wonder if there might be a compromise down the line, although that could be embarrassing given the kind of speech that she just gave. "It is in the national interest", she told the conference Wednesday. "Austerity is not an economic necessity". Instead choosing to focus on the Conservative domestic record in government , the ...

Read more

  • Trump says tensions with Canada's Trudeau 'all worked out'
Trump says tensions with Canada's Trudeau 'all worked out'

The unprecedented attacks on America's closest ally left a bitter taste. Mr Trump spoke after earlier posting tweets claiming the new trade pact solved the "deficiencies and mistakes" in Nafta , which has governed trade between the three countries since 1994.

Read more

  • SEC alleges Tesla CEO Musk's Tweets violated federal securities law
SEC alleges Tesla CEO Musk's Tweets violated federal securities law

The SEC has responded by denying any plans for a name change , but won't be drawn on the content of the Tweet. "Mr. Musk has excellent attorneys", said Marc Leaf, a partner at Drinker Biddle & Reath in NY who used to work for the SEC as an adviser to a commissioner.

Read more

  • Government Announces Relief On Fuel Prices By Reducing Excise Duty
Government Announces Relief On Fuel Prices By Reducing Excise Duty

Both petrol and diesel were settled at Rs 88.97 a litre and Rs 81.99 a litre respectively. After you announced Rs 5/litre, implement it instead of giving just Rs 4.37/litre... Global fuel prices, however, have been on the rise with the worldwide benchmark Brent crude nearing a four-year high of $86 per barrel earlier this week.

Read more

  • Saudi Aramco to boost oil capacity by 550,000bpd in Q4
Saudi Aramco to boost oil capacity by 550,000bpd in Q4

Oil futures extended their rally on Monday, hitting their highest levels since November 2014, as US sanctions on Iran come into force and a North American trade deal fosters growth. "At the United Nations, Trump said that OPEC is to blame for increasing oil prices and it had increased the prices so it needs to increase oil production".

Read more

  • More stock whiplash as Tesla rebounds after Musk settlement
More stock whiplash as Tesla rebounds after Musk settlement

In a statement , the SEC added that the settlements are subject to court approval and that they would also require comprehensive corporate governance and other reforms at Tesla . Both sides agreed to a settlement over the weekend, which requires Musk to step down as the firm's chairman for at least three years , although he will be allowed to st...

Read more

  • Facebook: 'View as' feature opened 50M accounts to hackers
Facebook: 'View as' feature opened 50M accounts to hackers

Almost 50 million Facebook users are victims of a massive security breach . In addition, the Mark Zuckerberg-led company said it is taking the precautionary measure of resetting access tokens for another 40 million accounts that were "subject to a " View As " look-up in the previous year", bringing the total to 90 million accounts who ...

Read more

  • General Electric Company (GE) Stock
General Electric Company (GE) Stock

GE Power's current goodwill balance is about US$23 billion and the goodwill impairment charge is likely to constitute substantially all of this balance, the company said. Mr Culp said: "GE remains a fundamentally strong company with great businesses and tremendous talent". The problems deepened in the past two years as GE faced cash-flow shortfalls...

Read more