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China trade talks extended as both sides tout progress

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Trump may decide, for example, that China is not actually going to increase significantly imports from the U.S. and has no real intention of tackling intellectual property rights abuses. tariffs on Chinese goods, which make up 70 percent of the company's cost of products sold. USA stock futures also firmed, pointing to another strong day on Wall Street after the S&P 500 gained almost 1 per cent today. Read More »

Oil rises to $58.53; lifted by OPEC cuts, steadying stock market

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Brent crude LCOc1 futures rose $1.47 to $58.53 a barrel, a 2.6 percent gain, as of 11:12 a.m. EST (1612 GMT). "The trade situation is definitely bullish; you have a good demand construction if we can wrap up this trade deal", said Bob Yawger, director of futures at Mizuho in NY. Read More »

Markets buoyed as US-China trade talks extended amid signs of progress

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In a sign the meeting was off to a good start, China's economic czar, Vice Premier Liu He, dropped by the talks on Monday to encourage the negotiators. The move prompted China to increase tariffs on Dollars 110 billion of United States goods. The Trump administration's calculus regarding how much to stress either increased purchases of USA goods, on the one hand, or structural reforms reflects a divide within the White House. Read More »

Sears to Liquidate After Takeover Bid Falls Through

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Sears Holdings Corp agreed on Tuesday to consider a revised takeover bid from Chairman Edward Lampert, temporarily staving off a liquidation that would have spelled the end of the 126-year-old US department store operator. The deal was reached after days of "virtually round-the-clock negotiations", Sears attorney Ray Schrock told the court. The bid now requires Lampert to deposit $120 million by 4 p.m. Read More »

Samsung feels Apple’s pain as technology slowdown hits sales

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Samsung will disclose detailed earnings later in January. "If Apple's not selling, then is it Samsung that's selling well?" Deteriorating relations between the USA and China - Samsung's two biggest export destinations - has hit demand for memory used in everything from personal computers to mobile devices, raising the pressure on a company struggling to revitalize its smartphone business. Read More »

Hyundai's CES concept is a WALKING CAR

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It can move in any direction, walk at different speeds, and the legs can be stowed if the driver wants to leave the disaster zone and take on a normal flat road. "This technology goes well beyond emergency situations", John Suh, Hyundai vice president and head of Hyundai CRADLE , explained in a release. "Imagine a vehicle stranded in a snow ditch just 10 feet off the highway being able to walk or climb over the treacherous terrain, back to the road potentially saving its injured passengers ... Read More »

UK's Heathrow Airport suspends flights after drone sighting

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Gatwick said it had spent £5m to prevent future attacks. A Heathrow spokesperson said they were working with police to "prevent any threat to operational safety". And a fourth said: "Sitting on The runway at London's #Heathrow Airport has been closed due to drone activity". She told the BBC: "At the moment, we've been told we're not going anywhere". Read More »

Tesla breaks ground on factory in Shanghai

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The automaker aims to finish initial construction of the plant this summer and start Model 3 production by the end of the year, according to Musk . China remains the world's largest market for vehicles, particularly green ones. "The high-end versions of the Model 3 - the price will still remain the same next year", Musk said Monday in an interview with Kanka News, an online news portal for government-run Shanghai Media Group. Read More »

PG&E shares plunge on bankruptcy worries

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For its part, PG&E released a statement to NPR in which it said that the company "does not comment on market rumors or speculation". The ratings agency said the downgrade reflects PG&E's recent announcement that its board was reviewing the company's management, finances, governance and structural options. Read More »

Job growth surges, unemployment ticks up. Why?

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The blockbuster USA jobs numbers starkly contrasted with the mounting fears for the global economy of recent weeks - which have seen stock prices tumble and confidence wane among corporations who foresee slowing demand and weakening sales in 2019. Read More »

Trump to travel to Southern border Thursday, Sarah Sanders says

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The partial government shutdown , which has resulted in around 800,000 federal workers either being furloughed or working without pay , is now in its third week. Always his own biggest booster, Trump declared himself "very proud of what I'm doing" after a meeting with congressional leaders on Friday that produced no breakthrough. Read More »

China raps US warship sailing in disputed sea

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China has protested the latest sailing of a US warship near a group of disputed islands in the South China Sea , the Foreign Ministry said Monday. Asked about the timing of the operation during trade talks, Lu said resolving issues would help both countries and the world. Read More »

Apple iPhone XI might have the ugliest triple camera solution so far

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And looks like that the Cupertino major is already prepping for the next generation iPhones to launch around September 2019 - as the traditions go like. However, nearly a year ago, we've already heard rumors pointing towards this. TOF or Time of Flight technology is basically the time taken for the light to bounce back off an object to create a 3D map. Read More »

British PM Theresa May could further delay Brexit vote

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Labour's Yvette Cooper MP, who leads the group that includes former Tory ministers Nicky Morgan, Oliver Letwin, and Nick Boles, said, "Our amendment would block some of the Treasury's no-deal powers unless parliament has explicitly voted for no deal or unless the government has requested an extension of article 50". Read More »

December jobs report: 312,000 jobs added in December

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The Labor Department will remain funded during the shutdown, so the preparation of Friday's and future reports was not affected. Data out this week have fanned fears that the nine-year economic expansion is running out of steam. USA stocks rallied on the employment report on Friday and extended gains after Powell's comments. The ripple effects from slower growth overseas could eventually hurt the USA economy, David Dollar, a senior fellow at the Brookings Institution, told NPR's Scott ... Read More »

Tesla’s Musk says Shanghai factory breaking ground

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As Bloomberg first reported, Tesla investors want to subpoena musician Claire Elise Boucher, a.k.a. Grimes, the rapper Azealia Banks , and several news outlets due to their potential knowledge about Musk's August tweet in which he said, "Am considering taking Tesla private at $420". Read More »

China cuts bank reserves, taxes to save economy

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By allowing banks to place a smaller reserve at the PBOC, the central bank has shelved "general" monetary policy tools including benchmark interest rate cuts and broad-based adjustment in the required reserve ratio - the minimum percentage of deposits a bank is required to have with the PBOC. Read More »

Fans Call Greggs' Vegan Sausage Rolls 'Better Than The Original'

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It is now available in 950 selected stores in the United Kingdom starting today and only costs £1. Meanwhile, Dundee's vegans begged to differ, with one passionate advocate of the plant-based lifestyle penning a letter to Greggs . Many people praised the bakery chain for being inclusive and giving in to customer demand, but some die-hard meat eaters still showed disgust. "Dundee is a city with a large vegan population, a dedicated vegan cafe, many vegan-friendly food outlets and yet not ... Read More »

Volvo spin-off Polestar teases second model

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To support the interest and development of the teaser campaign was published the first image, showing part of the future of the vehicle. "This year we go all-in with the launch of the electric Polestar 2 ", the company gloated on Twitter. Read More »

Marriott cuts estimate on size of massive Starwood cyber attack

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Marriott International has released an update on a security breach that exposed the personal information of a number of guests in its Starwood reservations database, including passport numbers and credit card numbers. Of those, 354k of the cards were still unexpired by September 2018. In addition to the passport numbers, Marriott says the criminals made off with 8.6 million encrypted payment card numbers. Read More »

UK airports to fight drones

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Major worldwide airports across the world have contacted Gatwick bosses for advice following last month's drone disruption. An arrivals board in the South Terminal building at Gatwick Airport, after the airport reopened to flights following its forced closure because of drone activity, in Gatwick, Britain, Dec. Read More »

CT brokers $494M student-loan settlement

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The settlement, which includes OH, 47 other states, and the District of Columbia, resolves allegations that Career Education Corporation pressured employees to enroll students and misled students or withheld information about the costs of enrollment, job placement rates, ability to transfer credits, and lack of accreditation of some of its programs. Read More »

Brexit worries slow UK growth to near standstill

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Mirroring the trend for business activity, latest data indicated that growth of new work picked up only sightly from the 28-month low seen in November. The U.S. manufacturing sector growth saw a slower momentum in December; however, it is still a solid rebound in the sector's health. "A shift to inventory reduction was highlighted by purchasing activity in the manufacturing sector rising at the weakest rate for one and a half years in December, providing further evidence that companies ... Read More »

Assessed values of detached homes fall 12% in West Vancouver

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Property assessments in this report reflect market values as of July 1, 2018. The board also reported on statistics for December alone, in which Metro Vancouver home sales plunged year-over-year by 46.8 per cent to 1,072 units. BC Assessment noted that the Island's total assessments jumped from around $222 billion in 2018 to $246.9 billion this year. "Increases in assessments are generally lower in the south part of the island and higher as you move to the central or northern areas", said ... Read More »

MI ranks 10th on list of most moved-from states

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The study cites that the main reason people left the Garden State was for job opportunities. An indication of this is that the age group at the low end of people moving from Kansas in 2018 were 18 to 34 years old. 'Unlike a few decades ago, retirees are leaving California, instead choosing other states in the Pacific West and Mountain West, ' Stoll said. "We're also seeing young professionals migrating to vibrant, metropolitan economies, like Washington, D.C. Read More »

Customer batters McDonald's employee during argument over straw

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The video shows Taylor reaching for the female employee behind the counter and grabbing her. Taylor continued to yell at the McDonald's employees and was asked to leave by the manager, police said. Police arrested Taylor after receiving a call about another incident nearby and recognized him from the video. But the woman yelled back a reply: "No, you're going to jail!" Taylor faces two charges of simple battery. Read More »

'No' Jerome Powell won't resign

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The index gave away part of the post-Payrolls gains to the 96.60 region as market participants continue to gauge the speech by Fed's Jerome Powell . Powell seemingly acknowledged that, despite strong economic data, investors are anxious after Wall Street's rocky December, which saw the Dow Jones Industrial Average and S&P 500 post their worst performances since the Great Depression (however, that same month, the USA economy added 312,000 jobs - nearly double the number that analysts were ... Read More »

Weather Channel app denies data wrongdoing

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Feure said he hopes the recent lawsuit against the Weather Channel app will help curb any other apps from obtaining data from its users and turning it around for profit. and the European Union but also governments across the globe. "The Weather Company has always been transparent with use of location data", said IBM , "the disclosures are fully appropriate, and we will defend them vigorously". Read More »

Crude oil prices end lower than beginning in 2018

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Brent crude , the global benchmark, was up $1.25 to $57.20 a barrel at 1113 GMT. But in comments that helped oil to rally, China's commerce ministry said it would hold vice-ministerial trade talks with US counterparts in Beijing on January 7-8. Read More »

'Sushi King' takes first taste of tuna he paid £2,500,000 for

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The winning sum for the prized and threatened species at the auction was more than double the previous record from the annual New Year auction, set in 2013. The Japanese are known to be the biggest consumers of the torpedo-shaped bluefin tuna, and the growing consumption has led to overfishing of the species. Read More »

Krispy Kreme Delivered Dozens of Doughnuts to 'Mourning' Kentucky Police Station

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Officers arrived on the scene of a Kripsy Kreme truck fire on Monday afternoon. Although the burned truck actually contained few doughnuts, the Lexington Herald-Leader reports, Krispy Kreme replaced the doughnut-sized holes in the officer's hearts with dozens of pastries, delivered to the East Sector police station Wednesday with a police escort. Read More »

Fed Chief Jerome Powell Says He Won't Resign If Trump Asks

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The next meeting of the Federal Open Market Committee is set for January 29-30, and Powell plans to hold a press conference after that gathering as he will after each FOMC meeting going forward. Powell, who was appointed by Trump, also said he had not received any direct word from the White House about his job performance, and that no meeting with the president had been scheduled. Read More »