Monday, 15 October 2018
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Billionaire Saudi Prince Alwaleed Bin Talal Released From Detention

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The prince, who had been detained in the kingdom's sweeping crackdown on corruption , said on Saturday that he expected to be cleared of any wrongdoing and be released from custody within days. Another high-profile detainee, former National Guard chief Prince Miteb bin Abdullah, was released recently following his "settlement" with authorities which reportedly exceeded $1bn. Read More »

S&P, Dow hit records on upbeat Intel, AbbVie earnings

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Intel's (O:) shares jumped more than 9 percent to their highest in nearly two decades, after strong results offered the clearest sign yet that its years-long effort to shift away from a slowing PC business was paying off. Oil prices settled higher on Friday after hitting three-year highs, with crude also posting a weekly gain as a weaker US dollar underpinned prices. Read More »

Japanese Cryptocurrency Exchange Loses Over $500 Million In Heist

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ET was up 0.35% against the USA dollar at $11,193 a coin, according to Markets Insider data. Coincheck , which calls itself the leading Bitcoin and Cryptocurrency exchange in Asia, said it had detected the unauthorized access to the system shortly before 3 am Friday (1800 GMT Thursday). Read More »

Oil price hits $71 per barrel for first time since 2014

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That's the highest since December of 2014. Attention is also being paid to troubling fundamentals: Gene McGillian , director of market research at Tradition Energy (who also thinks crude's most recent gains are due to nothing more than a weak dollar), warned that rising product inventories in many countries is a potentially bearish signal. Read More »

CNN's $25 million bet on a YouTube star has failed

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He added that the media side of Beme has been absorbed into CNN Digital Studios, and the tech side will be folded under CNN as well. That said, CNN will continue to operate the Beme News YouTube channel , which has produced 40 videos to date - including a live, 10-hour reading of the entire GOP tax bill. Read More »

James Franco removed from Vanity Fair cover over sexual misconduct allegations

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After losing out on an anticipated Oscar nomination earlier this week, the actor has been completely removed from Vanity Fair's prestigious Hollywood Issue . Leaning in to Oprah Winfrey , 63, Reese's legs are clearly on display. Remember " Photoshop fails"? The hilarious errors of fashion catalogues and magazines in which unsuspecting souls (overwhelmingly female, amusing that) accidentally receive impossibly thin limbs, or lose their joints. Read More »

Nutella 'riots' spread across France as shoppers go nuts

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One woman had her hair pulled, an older woman got a box thrown at her head, another person had a bloodied hand. A worker at another store in L'Horme told Le Progres that all the jars were gone in 15 minutes, and one customer was given a black eye. Read More »

Dell Looking Into Acquisitions, Sale or IPO

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Dell is looking over several targets for possible acquisition that would increase cash flow and broaden its offerings, said a source close to the situation. However, the company's operating expenses soared from $10 billion to $17.3 billion, leading to an operating loss of $3 billion, up from a $1.6 billion operating loss a year ago. Read More »

PSU bank stocks tumble up to 7% on recap announcement

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This is part of a Rs 2.11 lakh crore recapitalisation plan announced last October. All loans above Rs 250 crore will invite specialised monitoring. Announcing the banking sector reforms, Finance Minister Arun Jaitley said, "Stringent norms for disbursal of high value loans have been framed". Read More »

Fine print in Trump solar tariff holds some good news for Tesla

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What REC needs, Sullivan said, is a “global resolution” of the solar panel dispute. But the solar industry countered that the move will raise the cost of installing panels, quash billions of dollars of investment, and kill tens of thousands of jobs, raising questions about whether Mr Trump's move will backfire by triggering mass layoffs. Read More »

Flying rocks kill at least 1 skier in Japan

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The regional government said rocks and other residues spouted by the volcano flew more than one km, causing damages to buildings and cable cars at the resort. Defence Minister Itsunori Onodera said five of the eight soldiers were seriously injured. One person was trapped in the avalanche for some time before being dug out by rescuers. Read More »

Senate confirms Powell as Fed chair

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The U.S. Senate votes 85-12 to confirm Jerome Powell as the next chairman of the Federal Reserve . Powell will take the helm of the central bank when Janet Yellen's term ends on February 3. She was joined by eight other Democrats and four Republicans including Sens. But steady economic growth and low unemployment suggested it should act. Read More »

Trump says new tariffs will spur jobs, won't spark a trade war

Trade Representative , Robert Lighthizer , said in a statement announcing Trump's decision. After two years, these tariffs would be scaled back to 16% and 40% respectively. The Trump administration's solar panel tariffs could threaten thousands of American jobs. But the larger industry related to solar installation and solar energy in the USA employs roughly 200 times that number of people. Read More »

Man passed out on Bay Bridge tells cops Tesla was on autopilot

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According to a later report by the National Transportation Safety Board , the driver ignored repeated warnings to keep his hands on the steering wheel. In general, it is more hard for a car's radar-based system to detect and respond to a stationary object than a moving one, according to the Insurance Institute for Highway Safety. Read More »

Amazon Go, the First Checkout-Free Store, Opens to the Public

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In the USA service is valued more and even today it's not unusual to have a checkout assistant scan your shopping and a second employee to pack your bags for you. The store, which has been open to Amazon employees since 2016, uses advanced technology to let shoppers walk in, take what they want off the shelf, then leave - without waiting in line for a cashier. Read More »

Trump tax cuts will boost global economy

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China, which is 2017 growth champion with a growth rate of 6.8 percent, is expected to slow down to 6.6 percent in this year and 6.4 percent next year. Secondly, shared opportunities that will lead to inclusive growth, particularly in the area of human capital development and skills for a tech driven globe. Read More »

USA to overtake Saudi crude oil production in 2018

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Here's our take on the situation and why we believe that this could be the actual turnaround for the oil and gas markets. Oil prices declined on Friday prompted by expectations of a rising U.S. The rally that began 2018 has weakened as technical indicators signal oil is overbought and amid concerns over the level of US production growth this year. Read More »

Lloyds aid for Carillion firms

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But the government has said that it could not ensure that thousands of the company's employees working on private-sector projects would be paid past Wednesday. "We would also call on HMRC and the banking sector to be lenient with any small business facing financial difficulties as a result of this collapse". Read More »

West Ham boss David Moyes to scout Betis' Fabian Ruiz vs. Barca

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West Ham spent more of the afternoon on the front foot but Bournemouth marked Eddie Howe's 100th Premier League game as a manager with a tenacious display that extended their unbeaten record since the turn of the year. "We're short of numbers, we've got a few injuries to forwards and we needed Chicharito". It's been claimed a transfer fee of €8m has been agreed between the two clubs, and that his move could happen in the coming days. Read More »

Trump asked doctor for cognitive test

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Jackson said that Trump , who weighs 108 kgs and stands 6 feet 3 inches tall, "would like to lose ..." He said he hadn't initially planned to administer the screening for neurological impairments, but did so at Trump's asking. Dr Jackson said: "He's more enthusiastic about the diet part than the exercise part, but we're going to do both". Trump does not believe in the health benefits of exercise. Read More »

'Horror home' torture bought worse over time

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Prosecutors said the siblings, ranging in age from 2 to 29, suffered years of "severe" abuse. The charges included torture, abuse of a dependent adult, child abuse or neglect and false imprisonment. Another aunt, Elizabeth Jane Flores, told ABC News' "Good Morning America" that she tried for years to get in touch with her sister, Louise Turpin , but Turpin shut her out. Read More »

NASA tests a mini-nuclear reactor for use in space

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What NASA's Kilopower devices may look like arrayed on Mars. For instance, the agency's New Horizons mission , which uses nuclear batteries, has a maximum power of 240 watts. This prototype power system was shipped by NASA's Glenn from Cleveland to the Nevada National Security Site (NNSS) in late September. The system works by incorporating steam-pipe technology, in which a sealed tube in a heat pipe circulates fluid throughout the reactor while generating heat. Read More »

Amazon Hikes Price Of Prime Monthly Memberships

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If you have an Amazon Prime student account, expect to see an increase from $5.49 to $6.49 per month. Amazon launched Prime in 2016, with the video service competing against rivals like Netflix , which recently raised its basic prime by one dollar to $10.99 a month. Read More »

Rory McIlroy is back and looks to be in Masters form already

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That bogey on the sixth was the Wicklow man's only dropped shot in his first 36 holes and leaves him tied for ninth and six shots behind leader Thomas Pieters who fired a superb 65 to set a daunting clubhouse target on day two. More and more, Fleetwood looks like a member of golf's elite. Brazel started fast with a birdie at the 10th hole, his first, but gave the shot back immediately. Read More »

HSBC to pay over $100 million for cheating clients

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The deal has to be ratified by a USA court but if approved would allow Europe's biggest lender to avoid criminal charges. The DoJ's investigation concerned the misuse of confidential information provided to the bank by clients for its own profit in 2010 and 2011. Read More »

Russian Federation thinking of exiting OPEC production cut deal

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Stockpiles at Cushing, Oklahoma, declined 4.18 million barrels last week, and the ninth straight decline in overall US inventories marked the longest-ever stretch of winter draws. However, the rising demand for crude oil will help to erase some of the extra production, as according to OPEC the global consumption will expand by about 1.5 million barrels per day this year. Read More »