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Stocks slump as Fed's outlook on rates disappoints

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Meeting for the last time this year, USA central bank policymakers increased the key interest rate for a fourth time in 2018. The S&P 500 Index briefly fell after the announcement, while the 10-year Treasury note went to its lowest point since late May. Read More »

The Senate Is Inching Closer to a Plan to Avoid a Shutdown

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The chairman of the Appropriations Committee, Sen. It would provide money to keep the government running to February 8. The White House has not provided details of that effort but leading Democrats have warned that shifting funds around in such a way would have to be approved by Congress . Read More »

GoFundMe for border wall raises more than $2M in just 3 days

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With the wall being built on federal land and lands that the federal government will condemn through eminent domain, the project requires that kind of accountability and control. According to the GoFundMe page , Kolfage has contacted the Trump Administration to secure a point of contact where the funds will go and there are 'many high level contacts already helping'. Read More »

Gender pay gap will take 202 years to close Report

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WEF said that there was a year-on-year deterioration of political empowerment of women, "partly attributed to the lower tenure of women in head-of-state roles around the world". A stagnation in the proportion of women in the workplace and women's declining representation in politics, coupled with greater inequality in access to healthcare and education, offset improvements in global wage equality, the WEF said. Read More »

Markets sweep downward again, with no sign ahead of a Santa rally

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Crude oil has plunged by more than one-third since early October as traders anxious about a slowdown in the global economy and an increase in supply. Shares of Facebook Inc, Apple Inc, Amazon.com Inc, Netflix Inc and Google parent Alphabet Inc, collectively known as FAANG, gained between 1.3 percent and 3.1 percent. Read More »

Gatwick flights halted after drone sighting

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The Civil Aviation Authority's "Drone Code" says users must not fly their remote-controlled aerial devices near airports or airfields, or close to aircraft. British Airways (BA) told one customer who complained via Twitter, that Gatwick had "stopped all arrivals and departures due to a drone". The airport said it was working with Sussex Police into early Thursday to investigate and wouldn't reopen until it had "suitable reassurance". Read More »

3rd Canadian detained in China, Global Affairs says

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Two Canadians - former diplomat Michael Kovrig and businessman Michael Spavor - were detained after Canadian police arrested Huawei Technologies Co Ltd's chief financial officer, Meng Wanzhou , on December 1. Meng was released on bail last week in Vancouver pending a United States extradition hearing on U.S. fraud charges related to sanctions-breaking business dealings with Iran. Read More »

Elon Musk's Boring Tunnel Is Opening Tonight

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Still, it took only three minutes to go just over a mile from the beginning to the end of the tunnel, the same amount of time it took to accomplish a right-hand turn out of the parking lot and onto a surface street even before the height of Los Angeles' notorious rush-hour traffic. Read More »

Man tried to pay for McDonald's with bag of weed

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Lucie police , Anthony Gallagher went to the drive-thru at the restaurant in the 3100 block of SW Port St. Lucie Boulevard around 2 a.m. on Sunday, Dec. Gallagher reportedly told police he offered to exchange marijuana for the food as a joke. He was transported to the St. Lucie County Jail for booking. Read More »

Apple Engineer Makes HomePod Box 'Glitter Bomb' Trap to Fight Package Thieves

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So when someone stole a package from his front porch, he spent the next six months devising the ideal plan to stop it from happening again. The fun begins once the package is opened - a motorized tub blasts glitter in every direction and fart spray is released every 30 seconds to convince the thieves to throw the package away. Read More »

Federal Reserve expected to hike interest rates Wednesday

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You don't have to go back too far for a time when market histrionics seem to have weighed on policy. Just two days before the Federal Reserve is expected to raise interest rates for a fourth time this year, US President Donald Trump and his top trade adviser on Monday ratcheted up their criticism of the central bank's monetary tightening. Read More »

Former CBS boss Leslie Moonves denied $120m exit pay

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CBS says an internal sexual-misconduct probe has tanked any hope of ex-CEO Les Moonves getting his ginormous severance, CNBC reports . The New York Times obtained a draft version of the lawyers' report and said it included multiple examples of both sexual misconduct and corporate misconduct. Read More »

California farm linked to tainted romaine recalls cauliflower, lettuces

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Not all Adam Bros. products have been recalled, according to the statement. The Canadian Food Inspection Agency is recalling certain types of cauliflower, red and green leaf lettuce due to possible E-coli contamination. Farms in Santa Barbara County tested positive for the bacterial strain and the owners are cooperating with USA officials. Red and green leaf lettuce was distributed to wholesalers in California, Colorado, Oregon, Texas, Pennsylvania, Washington, and Canada. Read More »

Trump Praises Judge's Controversial Decision Against Obamacare

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District Court in Fort Worth struck down the law on the grounds that its mandate requiring people to buy health insurance is unconstitutional and the rest of the law can not stand without it. Saturday is the sign-up deadline for 2019 private plans through HealthCare.gov. If the U.S. Court of Appeals for the 5th Circuit reverses O'Connor, chances that the Supreme Court would hear the case are slim. Read More »

Naughty Parrot Uses Amazon Alexa To Shop While Owner Is Away

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He has also ordered a kite, light bulbs and even a kettle. He now lives with sanctuary worker Marion Wischnewski who reportedly agreed to foster him in her home. Marion said that Rocco keeps adding fruits, vegetables, ice-cream and a whole range of products to her shopping list. "I've come home before and he has romantic music playing", Ms Wischnewski said. Read More »

Google Announces New $1 Billion Manhattan Campus In Hudson Square

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Google aims to move into the new Hudson buildings by 2020 and the Washington Street location by 2022, Alphabet Chief Financial Officer Ruth Porat said in the blog post . "In fact, we're growing faster outside the Bay Area than within it". Google has contributed more than $150 million in grants and employee-matched giving to NY nonprofit institutions since 2011, according to Porat. Read More »

Tainted romaine lettuce traced to at least 1 California farm

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Farms in Santa Barbara County tested positive for the bacterial strain and the owners are cooperating with USA officials. "Given the identification of the outbreak pathogen on the farm in Santa Barbara County, the farms identified in the traceback, and the fact that the lettuce on the market at the peak of the outbreak should be beyond shelf-life we feel there is no longer a reason for consumers to avoid romaine lettuce from San Luis Obispo, Santa Cruz, and Ventura Counties, in California, ... Read More »

Renault retains Ghosn as chairman despite his arrest

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A preliminary review of the years between 2015 and 2018 found the jailed executive's pay adhered to French law and industry recommendations, Renault said in a statement after the company's board met on Thursday. Senior Toyota executive Didier Leroy will be considered, one said. While nearly 60 percent bigger by sales, it remains the junior partner in their shareholding hierarchy with a smaller reciprocal 15 percent non-voting stake in the French firm. Read More »

Johnson & Johnson knew about asbestos in its baby powder, report says

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While, over the past two decades, some legal challenges claiming that Johnson & Johnson products were tainted with asbestos and caused cancer have been unsuccessful, three recent developments seem to signal a shift. "We believe it is highly unlikely the company's exposure to this talc issue will even come close to the $40 billion in lost market cap today", J.P. Read More »

Detention Of 2 Canadians Raises Stakes In China-U.S.-Canada Dispute

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Kovrig had been reported as missing earlier this week. Canada's government later on Wednesday confirmed that it was aware of Spavor's disappearance. Canada also has asked China for extra security at its embassy because of protests and anti-Canadian sentiment and has advised foreign service staff to take precautions, a senior Canadian official told reporters. Read More »

Company offers to pay $100,000 for ditching smartphone for a year

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According to the contest rules, the victor will be determined based on creativity, brand relevance, humour and submission quality. You must get rid of your phone for a year. Contest hopefuls on Twitter are dreaming about what they would do for a year. You have until January 8, 2019 to enter. The lucky luddite will be given a 1996-era phone to use during the time period, but nothing with more advanced technology than that. Read More »

China court bans iPhone sales in patent dispute

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A week after Qualcomm won a preliminary injunction in China to ban the sale of older iPhone models, Apple is still selling them is usual. Nonetheless, Qualcomm's attorney representing the company in this matter, Jiang Hongyi , says, " We plan to use the same patents to file suit against the three new iPhone models ". Read More »

Heart Left On Southwest Plane After Sacramento To Seattle Flight

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Passengers were delayed about five hours. One of the passengers onboard the flight, who is also a doctor, described the incident to the Seattle Times as a "horrific story of gross negligence". On Thursday, the Seattle Times shared an update about the heart's intended destination. Although it seems a bit odd for a vital organ to be transported on a commercial flight, the Times reports that Southwest does work with companies that ship organs for transplants - as well as transporting ... Read More »

What to expect if there's a partial government shutdown

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Mexico has repeatedly rejected Trump's demand that it pay for the wall . U.S. Border Patrol vehicles are parked along a secondary fence as they respond to a group of Central American migrants crossing the border wall illegally, seen from across the wall in Tijuana, Mexico, Sunday, Dec. Read More »

China said to agree to auto tariff cut as trade talks continue

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The tariff reduction benefits Daimler and BMW more than US automakers such as GM or Ford Motor Co. because the German luxury brands dominate the top 10 list of vehicle imports into China. China Automobile Dealers Association's Import Committee Director Wang Cun states that imported cars will benefit from the cancellation of the new tariff levied by China against the US. Read More »

Apple to create $1bn Texas base

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That, the company said in January, would create more than 20,000 new jobs at existing and new campuses that Apple planned to build. The new campus will be in North Austin, and will reportedly initially employ 5,000 engineering, research and development, operations, finance, sales, and customer support jobs. Read More »

UK Wages Grow at Fastest Rate in a Decade, But Unemployment Rises

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In the three months to October, employment increased to the highest level since records began in 1971 - 32.4 million, according to the Office for National Statistics (ONS). GDP rose by just 0.1pc in October, and was flat in both September and August, as growth across various sectors of the economy stalled. John Hawksworth, the chief economist at PwC, said: "Until [Brexit] is resolved, the United Kingdom economy is likely to remain in the doldrums as businesses will be reluctant to invest ... Read More »

House approves farm bill without tightened food stamps criteria

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The legislation will now head to the House, where it is also expected to pass, after lawmakers worked out a House-Senate compromise earlier this month. This means farmers can choose the program most beneficial to them based on any given year's price of grain. They are relieved the final bill did not include a House measure that would have eliminated the Conservation Stewardship Program , which helps farmers expand their conservation practices. Read More »

Shaktikanta Das assumes charge as new RBI Governor

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While there's been much speculation on whether the RBI board meeting scheduled for December 14 will be put off or not, it is learnt that there's no change in date. He retired as the Economic Affairs Secretary in May 2017. Das will have a three-year term, an official order said. "The government is not just a stakeholder.the government of the day rus the economy.and manages major policy decisions". Read More »

Some Kotex Tampons Recalled After Reports of Pieces Left Inside Users’ Bodies

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Problems related to the recalled products can be reported by health care professionals in the United States to MedWatch and in Canada to Health Canada . Some Kotex tampons were recalled Wednesday after reports that the feminine products left pieces inside the body of customers. Retailers have been asked to remove the product from store shelves. Read More »