Tuesday, 23 October 2018
Latest news
Home » Money

Money

Musk says hyperloop test tunnel will open in December

perth_map

Steve Kuzj reports for the KTLA 5 News at 10 on October 21, 218. The tunnel will open on December 10, Musk said, and will reportedly run under Hawthorne in the Los Angeles area. The trial tunnel will have a top speed of 155 miles per hour, according to the billionaire-entrepreneur, surpassing the 125 mph traveled by an electric sled in a video of a test run posted in May previous year. Read More »

Man refuses to sit next to black woman on flight to London

David Lawrence captured the man calling the victim an "ugly black b******" and saying "don't talk to me in a foreign language you stupid cow". The woman's daughter, 53, told the Huffington Post the row had started because her 77-year-old mother's arthritis meant it took her some time to move out of the way so the man could reach the window seat. Read More »

Election caravan swells to 5,000

perth_map

Thousands of mostly Honduran migrants have been heading towards the United States border with Mexico despite President Trump declaring that they are unwelcome. Numerous migrants, the overwhelming majority fleeing violence and poverty in Honduras , slept on the bridge through heavy rain overnight, dozens of them crammed against a metal border gate guarded by Mexican police. Read More »

Saudi Foreign Minister Blames Security Team for Its 'Cover-up'

perth_map

Erdogan spoke after Saudi Arabia , in a statement early Saturday, finally acknowledged that 59-year-old Khashoggi had died in the consulate, though its explanation that he was killed involuntarily in a " fistfight " was met with worldwide skepticism and allegations of a cover-up created to absolve Prince Mohammed of direct responsibility. Read More »

Saudi operative wore Khashoggi’s clothes, acted as decoy to fool Turkish police

perth_map

Later on Sunday, the Saudi monarch, King Salman , and the crown prince called Khashoggi's son, Salah Khashoggi, to express their condolences, the official Saudi Press Agency reported. In another development on Sunday, images obtained by TRT World, a Turkish news channel that broadcasts in English, showed Khashoggi as he arrived at a police barrier before entering the consulate. Read More »

Lottery Jackpots Continue to Grow

perth_map

The winning numbers are 16, 54, 57,62 and 69. The jackpot for the Powerball lottery drawing ballooned to $620 million after no winners were announced on October 20. The Mega Millions jackpot hasn't been hit since July 24th when 11 workers in California split a prize of $543 million. Players will have another chance to win on Wednesday (10/24) at 11pm. Read More »

China's economic growth dips to slowest rate since 2009

perth_map

National Bureau of Statistics of China spokesperson Mao Shengyong at a briefing on Friday explained that despite the macroeconomic headwinds applying "downward pressure" on the Chinese economy, growth remains strong, with the country firmly on track to hit its full-year economic growth target of 6.5%. Read More »

No Mega Millions victor, jackpot climbs to record $1.6 billion

perth_map

No winning tickets were sold for Friday night's massive Mega Millions jackpot, which means the prize has grown to the largest pay-out in US lottery history. Jared Lucas told NC lottery officials that he and his wife chose to stop at a convenience store after passing a lottery billboard with the latest Megan Millions jackpot. Read More »

OPEC: Oil prices could fall further on rising USA oil supplies

perth_map

Hyundai Motors has reportedly ended its cooperation with the Iranian company Kerman Khodro in the Special Economic Zone, Arg-e Jadid after the U.S. president announced it will re-impose sanctions on Iran . The American Petroleum Institute's latest monthly statistical report shows the USA produced a record 11.0 million barrels of crude oil per day (mb/d) in September. Read More »

Burger King creates 'Nightmare King' for Halloween

perth_map

After having a Nightmare King? But wait, there's more: Burger King is proudly touting the fact that The Nightmare King is likely to give you actual nightmares! The "Nightmare King" isn't just a seasonal name thrown on Burger King's latest burger, which will be introduced just ahead of Halloween. Read More »

Trump takes swipe at Fed for raising interest rates too quickly

perth_map

Compared to the minutes of Fed's previous meeting held in August, the September minutes appeared to show less discussion around the prospects that a recession might be lurking around the corner. Fed officials projected that rates would rise to 3.4 percent by 2020, their latest forecasts show. Some investors say that, after years of easy money, pockets of risk have built up throughout the global economy as borrowing costs begin to increase - raising the chances that a bubble could burst or ... Read More »

No Big Winner: Powerball Jackpot Climbs To $430 Million

perth_map

It's the second-largest lottery jackpot in USA history. The $970 million refers to the annuity option, paid over 29 years. On top of that, Ascienzo adds, Mega Millions also doubled its ticket price to $2, which has also contributed to the growth. Read More »

U.S. calls on Turkey to release Jamal Khashoggi murder proof

perth_map

Ms Attiah said the column was a flawless example of Khashoggi's commitment and passion for freedom in the Arab world, which was "a freedom he apparently gave his life for". "He's implicitly recognized the right of Israel to exist", Toma points out, "and during the last couple of years, there's this sort of nearly a de facto alliance between Saudi Arabia and Israel". Read More »

Canada becomes second country to legalize marijuana nationwide

perth_map

Victoria's Ted Smith, a familiar face in the local marijuana scene, went further in his criticism of the new laws - saying Canada has actually taken a step backward. And while some states have legalized medical and recreational marijuana - it's only legal for limited medical purposes in IL - "requirements for global travelers wishing to enter the United States are governed by and conducted in accordance with U.S. Read More »

Pompeo meets Erdogan after talks with Saudis on missing journalist

perth_map

Khashoggi disappeared. He was last seen entering the Saudi consulate in Istanbul on October 2. He will later visit Turkey , where Mr Khashoggi was last seen at the Saudi consulate in Istanbul two weeks ago. It comes after Secretary of State Mike Pompeo flew to Riyadh in a bid to put pressure on the Saudi regime. Turkish officials said Khashoggi was killed by Saudi agents. Read More »

Saudi Arabia probing Jamal Khashoggi disappearance: Donald Trump

perth_map

Saudi Arabia has been closely linked to the United States for more than a half century as a critical oil supplier, with relations warming under Trump as the USA administration aggressively confronts the kingdom's regional rival Iran. Mr. Trump said he hoped the Saudis' own investigation of Khashoggi's disappearance would be concluded in "less than a week". Turkish media report that a 15-member Saudi "assassination squad" confronted the Washington Post writer at the embassy and his ... Read More »

Audi fined $927 million for diesel violations by German prosecutors

perth_map

The penalty, which Audi accepted and won't appeal, consists of €5m (about R82m) for regulatory offenses, with the remainder a repayment of economic benefits as a result of the cheating, Audi said on Tuesday in a statement . Two Volkswagen executives were sent to prison in the U.S. Prosecutors had jailed him in June, saying this was necessary to stop him trying to influence witnesses. Read More »

Climate Change Likely to Ding Beer Supply

perth_map

Research co-author Dr Steven Davis, from the University of California at Irvine, US, said: 'The world is facing many life-threatening impacts of climate change, so people having to spend a bit more to drink beer may seem trivial by comparison. Read More »

Canada legalises recreational marijuana

perth_map

And there was more good news for pot aficionados: Hours before a handful of retail outlets opened in the country's easternmost province a federal official told The Associated Press that Canada will pardon all those with convictions for possessing up to 30 grams of marijuana, the now-legal threshold. Read More »

Khashoggi 'killed' and 'cut into pieces' at Saudi consulate

perth_map

The intention had been only to abduct him from Turkey , the sources said. Passport of suspected Saudi involved in disappearance of Washington Post journalist Jamal Khashoggi . "It's up to the president, but I know what I'm going to do..." CNN reported on Monday that after denying for two weeks any role in Khashoggi's disappearance, Saudi Arabia was preparing to say he died in a botched interrogation . Read More »

US judge approves Musk's SEC settlement

perth_map

In a company statement after the tweet , Musk said Saudi Arabia's sovereign wealth fund had brought up taking Tesla private multiple times for nearly two years. Musk no longer be permitted to be CEO - presumably something the SEC wished to avoid. The total number of Model 3's built so far reached an important milestone of 100,000 cars last week, according to Bloomberg's Tesla tracker . Read More »

Mega Millions winning numbers for new record $667M jackpot

perth_map

While California didn't sell the Mega Millions jackpot, Lotto officials tweeted that a 5 of 6 victor was sold in San Francisco. The Tuesday drawing had grown to the largest in the game's history, a whopping $667 million. and Peggy Triplett, won a $239 million dollar Mega Millions jackpot in 2004 and took the cash option of more than $141 million. The largest jackpot in Mega Millions history was a $656 million prize that was shared by winners from Kansas, Illinois and Maryland in March 2012. Read More »

Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00

perth_map

What's next for the oil price - $100 by the end of the year? MRPL would look at buying Iraqi oil to replace Iranian oil, he said, adding that the company has already made some payments in rupees to Iran for oil. US oil production has increased steadily over the last five years, reaching a record high of 11.2 million bpd in the week to October 5. Oil prices edged up in cautious trade on Tuesday as expectations of higher US shale output and inventories vied with worries that crude ... Read More »

YouTube down: Major outage prompts outcry on social media

perth_map

As yet we have no word from YouTube on what the problem is related to or if there's an estimated time on a fix. " Thanks for your reports about YouTube , YouTube TV and YouTube Music access issues", YouTube said in a tweet. CNET reports that users trying to access videos or upload content were greeted with an error message. "Search works, but videos won't load", one user from the United States confirms. Read More »

Trump Threatens To Withdraw Honduras Aid Over Approaching Migrant Caravan

perth_map

The latest caravan was launched a day after Vice President Pence urged the presidents of Honduras , El Salvador and Guatemala to persuade their citizens not to enter the United States illegally. The same sort of march occurred in April, when some 1,500 people from Guatemala, Honduras and El Salvador marched to the USA border. Honduras is one of a dwindling number of countries that still has formal diplomatic ties with Taiwan. Read More »

High Prices Benefit Iran Despite Lost Oil Exports

perth_map

Also, unrelenting fuel price rise since mid-August has negated cut in taxes and subsidy. Prices hit a four-year high of $86.74 a barrel earlier this month as the market grapples with the expected loss of Iranian exports due to USA sanctions. Read More »

Saudi Arabia preparing to admit Khashoggi was killed

perth_map

If rogue killers had walked into the Saudi embassy and murdered a Saudi dissident, it would be a stain on Saudi Arabia, proving that for all the talk of a new , progressive ruling class, they can not protect people even in their own buildings. Read More »

Iconic US retailer Sears files for Chapter 11 bankruptcy

perth_map

It did not specify whether the closings would be Sears or Kmart stores or their locations. It has sold off the legendary Craftsman brand and is considering an offer from Lampert for the Kenmore appliance name. But it wasn't able to keep up with shifting consumer habits as online rivals including Amazon.com Inc. siphoned off shoppers, while turnaround efforts were hobbled by mountains of debt. Read More »

Sears files for Chapter 11 bankruptcy amid plunging sales, massive debt

perth_map

Sears Holdings ( SHLD ), the parent company of Sears and Kmart, faces a Monday deadline to pay that much in debt. Liquidation sales at these stores are expected to begin shortly. The company has racked up 6.26 billion U.S. dollars in losses, excluding one-time events, since its last annual profit in 2010, according to Ken Perkins, who heads the research firm Retail Metrics LLC. Read More »

Oil rebounds to $81, pares gain as IEA sees adequate supply

perth_map

The WTI Crude Oil market gapped lower and below the $73 level to kick off the day, breaking all the way down to the $71 level. Brent crude futures rose 89 cents, or 1.1 percent, to $81.15 a barrel by 0455 GMT, Reuters said . That was much larger than what analysts had expected. USA commercial crude oil inventories fell by 5.8 million barrels in the week to August 17 to 408.36 million barrels, the Energy Information Administration (EIA) said on Wednesday. Read More »