• Pompeo says Saudis committed to complete probe into journalist's disappearance
Pompeo says Saudis committed to complete probe into journalist's disappearance

Khashoggi, a Saudi national and U.S. resident who became increasingly critical of powerful Crown Prince Mohammed bin Salman, has not been seen since he walked into the Istanbul consulate to sort out marriage paperwork on October 2. In private there may well be some strong words, in public both countries may want to present a united stand. The r...

Read more

  • Mega Millions Results for $667M Jackpot
Mega Millions Results for $667M Jackpot

To win the jackpot, tickets must match five white ball numbers plus the mega ball. The last victor for the top Mega Millions prize was on July 24, when a group of California office workers won the $543 million jackpot. Wednesday, the winning numbers for the $345-million Powerball jackpot prize will be drawn. The last Powerball jackpot, which ...

Read more

  • Egypt Backs Saudi Arabia Over the Case of Missing Journalist Khashoggi
Egypt Backs Saudi Arabia Over the Case of Missing Journalist Khashoggi

Khashoggi has been a USA resident since he went into self-imposed exile previous year over fear he could be arrested in Saudi Arabia. He warned that any sanctions would lead to the kingdom's "failure to commit" to specific levels of oil production and "if the price of oil reaching $80 angered President Trump, no one should rule out the price jump...

Read more

  • Air India flight attendant injured after falling from parked aircraft
Air India flight attendant injured after falling from parked aircraft

The Air India has termed the incident as "unfortunate" and promising an inquiry. While the incident took place at about 6.15 a.m., Ms. Lobo was provided emergency care by doctors at the Mumbai International Airport Ltd. This isn't the first time an airline employee has fallen out of an aircraft. An Air India spokesperson was not immediately a...

Read more

  • Arlene Foster: Brexit deal must meet DUP´s red line
Arlene Foster: Brexit deal must meet DUP´s red line

Pressed if the DUP would veto any EU-UK agreement on the backstop, Mrs Foster said she would have to wait to see the detail of any text, and would not comment "in a vacuum". She added: "This backstop arrangement would not be temporary". Labour has indicated it will oppose a deal based on the Prime Minister's Chequers plan and will push for a gene...

Read more

  • Oil prices: IEA, OPEC weigh in with forecasts
Oil prices: IEA, OPEC weigh in with forecasts

This after both oil benchmarks lost almost $2 on Wednesday. US natural-gas supplies in storage stand at about 17% below the five-year average, according to the EIA . Even China has seen the first year-on-year production growth in almost three years in response to higher prices. The Dow Jones Industrial Average fell more than 800 points Wedne...

Read more

  • Man United not for sale despite link to Saudi Arabia royal family
Man United not for sale despite link to Saudi Arabia royal family

Mr Trump has said Saudi Arabia could face "severe punishment" if it was proven it was involved in Khashoggi's disappearance. " Saudi Arabia is the biggest economy of the region, and the current reform plans rely on opening it further to private investment", said Karen Young, a political economist who studies the Gulf states.

Read more

  • Sears files for bankruptcy; will close another 142 stores
Sears files for bankruptcy; will close another 142 stores

According to Sears Holdings, there are plans to close the Prince Frederick Kmart. Sears posted a list of its closing stores online at https://searsholdings.com/docs/101518_store_closing_list.pdf . Some, like Payless ShoeSource, successfully emerged from reorganization in bankruptcy court. As the company files for Chapter 11 bankruptcy protectio...

Read more

  • 'Rogue killers' might have killed Saudi journalist
'Rogue killers' might have killed Saudi journalist

I am immediately sending our Secretary of State to meet with King!' Many in D.C.do, however, rub shoulders with Washington Post columnists - of which Khashoggi was one - and thus, his apparent murder has forced many American lobbyists , corporate titans, and public officials to feign shock and concern at the revelation that the totalitarian, Isl...

Read more

  • Patisserie Valerie rescue package to avert financial collapse
Patisserie Valerie rescue package to avert financial collapse

Most of the money raised will be used to repay a £10m bridging loan from executive chairman and 37 per cent shareholder Luke Johnson today, created to give the firm immediate liquidity. "The board has now reached the conclusion that there is a material shortfall between the reported financial status and the current financial status of the business"...

Read more

  • Sears, One-Time Face of American Retail, Files for Bankruptcy
Sears, One-Time Face of American Retail, Files for Bankruptcy

Sears' management has reportedly said it hopes to use Chapter 11 of the bankruptcy law to stay in business rather than Chapter 7, which leads to closing. Decades earlier, it had been dethroned by Walmart Inc.as the biggest. Sears recently added a restructuring expert as a company director for an additional layer of guidance on how to navigate a ba...

Read more

  • Global stocks tumble after Trump 'crazy' Fed comment
Global stocks tumble after Trump 'crazy' Fed comment

The gradually rising rates, Fed officials say, are meant to guard against any quick run-up in inflation, while remaining low enough so far for the recovery and a strong run of job growth to continue. "The fed is going loco". As far as the market selloff itself is concerned, Trump didn't seem too surprised. In his speech, Mr. Williams noted that...

Read more

  • Saudi Arabia says it will respond to any economic sanctions
Saudi Arabia says it will respond to any economic sanctions

And a huge investment conference dubbed "Davos in the Desert", scheduled for later this month, has seen some leading speakers and participants drop out. The U.S. provides weaponry, intelligence and logistical support for the bombing campaign. A group of 15 Saudi men is reported to have flown into Istanbul the day that Khashoggi went to the cons...

Read more

  • Facebook says hackers in September stole personal data of 29 million users
Facebook says hackers in September stole personal data of 29 million users

Rosen says the attackers did not access any credit card information associated with members' accounts, and that the company has not received any reports of stolen information being available on the dark web - portions of the internet requiring special software to reach.

Read more

  • Musk denies Murdoch Jr in line for Tesla chairman post
Musk denies Murdoch Jr in line for Tesla chairman post

Mr. Musk also "liked" a response on Twitter that said in part: "Judge should dismiss this frivolous attack and shame the SEC". Mr. Musk did not elaborate on the same. Musk told analysts on an earnings call later that day that he expected it would take about $2 billion worth of investment for the factory to be able to produce around 250,000 vehi...

Read more

  • Oil extends losses as other markets fall, stockpiles climb
Oil extends losses as other markets fall, stockpiles climb

The December ICE Brent crude futures were dropped by 90 cents per barrel i.e.by 1.07% at $83.26 per barrel, whereas, the NYMEX light sweet crude contract was dropped by 63 cents per barrel i.e.by 0.85% at $73.71 per barrel. The U.S. National Hurricane Center upgraded Michael to an "extremely dangerous" hurricane yesterday. OPEC said Thursday th...

Read more

  • US Treasury secretary: Economy strong, stock drop a 'natural correction'
US Treasury secretary: Economy strong, stock drop a 'natural correction'

Trump's remarks to reporters were in direct response to questions about the stock market drop. Interest rates take an upward push as the greenback gets stronger and people are certainly not pleased by that, the president said. In companies news high street retailer WH Smith reported full year profits that missed expectations, coming in at £13...

Read more

  • European Union says there has been ‘no breakthrough’ in Brexit talks
European Union says there has been ‘no breakthrough’ in Brexit talks

A day earlier, the DUP had said it was prepared to vote down the budget if the prime minister in their eyes conceded too much ground to Brussels in the European Union talks, risking an abrupt end to the confidence and supply agreement that has kept May in Downing Street since the 2017 election in which the Tories lost their overall majority.

Read more

  • Dow Jones drops 546 points as global market sell-off persists
Dow Jones drops 546 points as global market sell-off persists

The Nasdaq composite skidded 92.99 points, or 1.3 percent, to 7,329.06. Worldwide markets followed the downward trend. The recent turbulence in financial markets is a contrast to what investors have grown accustomed to in a bull market that has lasted more than 10 years, the longest in history.

Read more

  • Saudi team after Post writer included soldiers, royal guards
Saudi team after Post writer included soldiers, royal guards

Asked about a Washington Post report that USA intelligence intercepts outlined a Saudi plan to detain Khashoggi, Trump said , "It would be a very sad thing and we will probably know in the very short future". Secretary of State Mike Pompeo then had a follow-up call with the crown prince to reiterate the US request for information and a thoroug...

Read more

  • Dow industrials sink 831 points as tech stocks plunge
Dow industrials sink 831 points as tech stocks plunge

The tech sector was hit hardest, with Netflix down almost 7 per cent, Amazon down 5 per cent and Apple, Google and Facebook all down more than 3 per cent. Technology shares tumbled on fears of slowing demand, while bond yields ended lower after seeing multi-year highs earlier this week. Heating oil fell 1.2 per cent to $2.39 a gallon.

Read more

  • Fearing for journalist Khashoggi's safety, senators trigger disappearance probe
Fearing for journalist Khashoggi's safety, senators trigger disappearance probe

Standing in the shadow of heavily armed police outside the Saudi embassy in London, activists and journalists demanded answers from Saudi Arabia over the disappearance of Saudi journalist Jamal Khashoggi . Turkish media outlets have published CCTV images which they say show the Saudi intelligence officers allegedly behind the disappearance of...

Read more

  • Facebook message about your account being cloned is a hoax
Facebook message about your account being cloned is a hoax

Your Facebook account has not been hacked or cloned and has not been sending out friend requests. Users were then directed to forward the message to all their friends. The post circulating around is another one of those chain letter hoaxes, according to authorities. Heads-up! nearly every account is being cloned.

Read more

  • Hurricane Michael prompts Alabama to declare state of emergency
Hurricane Michael prompts Alabama to declare state of emergency

Michael is now stationary but is expected to resume a slow northward motion later today. The forecast indicates Michael may be a Category 3 hurricane - with winds from 111 to 129 miles per hour - when it strikes. "The storm is expected to increase rain chances across the Tampa Bay area this week", ABC Action News reports . It would imp...

Read more

  • Former economics professor Paul Romer receives Nobel Prize
Former economics professor Paul Romer receives Nobel Prize

In awarding the prize to Paul Romer, the Swedish Academy cited his contributions "for integrating technological innovations into long-run macroeconomic analysis". Nordhaus concluded that the most efficient approach was to deploy carbon taxes, applied uniformly to different countries. The economics prize wraps up the 2018 Nobel awards season, no...

Read more

  • Mattress Firm filed for bankruptcy and is already beginning to close stores
Mattress Firm filed for bankruptcy and is already beginning to close stores

It now has more than 3,300 stores in the United States. The chain says some stores are too close to each other, while others are underperforming. In January, a Reddit thread that suggested Mattress Firm was laundering money because it had so many stores went viral.

Read more

  • US Unemployment Rate Falls To 49-Year Low Of 3.7 Percent
US Unemployment Rate Falls To 49-Year Low Of 3.7 Percent

The Labor Department said it was possible that Hurricane Florence , which lashed the Carolinas in mid-September, could have affected employment in some industries. Most U.S. businesses will try to absorb the higher costs themselves, at least for now, and avoid any layoffs. Wages outpaced inflation in September, although both the rate of wage gro...

Read more

  • End divisions or put Brexit at risk, Theresa May tells party
End divisions or put Brexit at risk, Theresa May tells party

But did it succeed? But as she emerged to the strains of her favourite song, Abba's Dancing Queen , she looked like she was having the time of her life. "What we are proposing is very challenging for the EU", May told the Tories assembled in Birmingham , U.K. The Prime Minister is facing a race against time to get a deal thrashed out amid a Tor...

Read more

  • New trade agreement reached between US & Canada
New trade agreement reached between US & Canada

The new U.S. -Mexico-Canada Agreement on trade will preserve President Donald Trump's ability to impose threatened 25 percent global tariffs on autos while largely exempting passenger vehicles, pickup trucks and auto parts from Canada and Mexico, a side-letter to the agreement showed on Monday.

Read more

  • Judge asks Tesla, SEC to justify settlement of fraud lawsuit
Judge asks Tesla, SEC to justify settlement of fraud lawsuit

Musk has frequently sparred with short sellers who have bet against the company, and his tweet suggests he believes the SEC acted to benefit his enemies. Musk's sarcastic tweet could cause Nathan to reject the settlement if it gives her reason to believe that he "has no intention or ability to change his conduct", said Erik Gordon, a business p...

Read more