Economy

PBOC vice gov. advocates ban on trading virtual currencies

PBOC vice gov. advocates ban on trading virtual currencies Bitcoin was trading at $12,615.60, down 7.1 percent from the day before as of 8.03am Greenwich Mean Time (3.03am Eastern Standard Time), according to Coindesk . This decline seems troubling, partially reflecting the market's dynamic due to Bitcoin's status as the "benchmark currency". Cryptocurrencies enjoyed a bumper year, with bitcoin hitting a high of about $20,000 in 2017 as mainstre... [Full Article...]

Fears of job losses in United Kingdom after Carillion collapse

According to Construction News , Carillion's partner firms on the HS2 project have plans in place to continue works on the controversial high-speed rail line. The firm's two facilities management contracts with the Ministry of Defence (MoD) are worth £158m, covering 83 military sites across the country and bringing with them 850 jobs. [Full Article...]

Federal judge blocks Trump's plan to terminate DACA

Federal judge blocks Trump's plan to terminate DACA And though President Donald Trump and many Republicans have insisted that border security measures include funding for a wall, Flake said Thursday that the physical structure the six senators agreed upon would have been "more of a fence", according to CNBC . [Full Article...]

Toyota, Mazda announce plan to build $1.6bn plant in Alabama

Toyota, Mazda announce plan to build $1.6bn plant in Alabama In addition to thousands of jobs likely to be created by the first new vehicle assembly plant to be announced in the US during the Trump administration, the plant has numerous ramifications for new auto buyers across the country. by the six major Japanese automakers were built there, while the rest were produced in Japan, Mexico, Canada, and elsewhere. Governor Ivey, speaking at an event in Alab... [Full Article...]

Nintendo reveals Animal Crossing for smartphones

Nintendo reveals Animal Crossing for smartphones Yesterday Nintendo announced Animal Crossing: Pocket Camp . Completing these requests will help to increase the player's " friendship level ", displaying how much the character likes them. It's genuinely the same kind of game in terms of management, resource gathering and the befriending of various animals, but on a slightly smaller scale than what's come before. [Full Article...]

Seahawks at Rams: Highlights, score and recap

Seahawks at Rams: Highlights, score and recap If they want to point to a thread of a silver lining, it's that they made some uncharacteristic mistakes. More than the standings though, it could be a psychological mountain to climb, considering how Seattle has dominated this division since the beginning of the decade. [Full Article...]

Best Buy Pixel 2 leak reveals Google Home Mini preorder deal

Best Buy Pixel 2 leak reveals Google Home Mini preorder deal There are photos of the Pixel XL 2 on the advertisement which lends us to believe that the offer will be extended to the Pixel XL 2 when that launches as well. So, look for two new smartphones, an update to Android 8.0 Oreo, a new Google Home Mini , Daydream View VR experiences and more. The pre-order listing on Walmart was taken offline quickly, but 9to5Google was able to download the ... [Full Article...]

Max Versappen Wins Malaysian GP, Celebrates 20th birthday in style

Max Versappen Wins Malaysian GP, Celebrates 20th birthday in style Pierre Gasly performed admirably on his grand prix debut with Toro Rosso , having been summoned on the eve of the Malaysian weekend to replace Daniil Kvyat. This didn't happen and Raikonnen's vehicle was retired before the race started. Hamilton and Mercedes head of motorsport Toto Wolff both spoke in negative tones despite his impressive second-place finish in Malaysia . [Full Article...]

Trump's Tax Plan Aims To Help The Middle Class And Businesses

Trump's Tax Plan Aims To Help The Middle Class And Businesses Some outside experts and Democrats , however, have been skeptical of how much faster the US economy would grow under the proposed tax cuts. The United States corporate income tax rate is the highest in the Organisation for Economic Co-operation and Development (OECD), and has been above the OECD average for nearly 20 years. [Full Article...]

Markets mostly up after Fed news

Markets mostly up after Fed news Analysts at Deutsche Bank signaled in a report this week that the "great central bank unwind" could lead to another financial crisis, reports MarketWatch : "You slowly become anchored to believe the current situation is normal as it's persisted for so long now", the analysts wrote, according to MarketWatch . [Full Article...]

Global stocks flat as investors await Fed meeting results

Global stocks flat as investors await Fed meeting results While an interest rate increase is not expected, investors will closely watch Fed Chair Janet Yellen's views on inflation, which remains stuck below the Fed's 2-percent target rate. Technology and financial companies were down the most. BEYOND DISAPPOINTED: Shares in Bed Bath and Beyond plunged 15.6 percent after the home goods retailer reported that its latest quarterly sales at stores open a... [Full Article...]

Flipkart, Amazon squabble over products as sale season peaks

Flipkart, Amazon squabble over products as sale season peaks The official sources of Flipkart say that the users will enjoy a 90% discount on nearly all deals. Amazon is offering a 32-inch TCL TV free with a 65-inch TCL 4K LED Smart TV at Rs. There will be huge discounts on big screens. The soundbar can help improve the sound experience on your big-screen TV . Starting with the Google Pixel XL , the 32GB model is available for Rs. [Full Article...]

Chinese bitcoin exchange announces end to trading

Chinese bitcoin exchange announces end to trading Cryptocurrency mining in China is huge, and traders rely heavily on blockchain transactions. Bitcoin is having its worst week in years as its value plummeted below $3,000 on Friday morning. Chinese authorities will close down bitcoin exchanges across the country, according to Market Watch . Bitcoin is now down almost 30% from its peak at above $5,000 on September 1. [Full Article...]

Spirit Airlines moves hundreds of employees to Michigan ahead of Hurricane Irma

Spirit Airlines moves hundreds of employees to Michigan ahead of Hurricane Irma FLL is closing the airport Saturday and Sunday. This past week saw an extremely busy Florida airspace with thousands scrambling to leave before the hurricane hit. In addition, the airline has capped fares at $99 for those returning to affected areas between 10 September to 17 September. An agent from JetBlue told News 12 that they seem to be the only ones flying in and out of Florida ... [Full Article...]

Local homeowners reviewing insurance policies in response to Harvey flooding

Local homeowners reviewing insurance policies in response to Harvey flooding This was allegedly to limit insurance abuses. Governor Abbott gave a statement saying he isn't changing the the bill, and that it won't affect the claims involved in Harvey, stating that every valid claim will be paid regardless of when it's filed. [Full Article...]

Uber Names New CEO

Uber Names New CEO Khosrowshahi , 48, would take on the daunting task of leading Uber out of a almost year-long crisis. Observers and those close to the matter were expecting Khosrowshahi , 48, to take up the job after the board of Uber unanimously voted in his favor. [Full Article...]

US CPI data will set the tone for the day

US CPI data will set the tone for the day Core is expected at 1.7% y/y, the same as in June. During the last 12 months, the CPI showed consumer prices rose by 1.7%, slightly higher than in June but below the 1.8% expected. "If the data continues to come in on the softer side, the market might start to price the Fed staying on hold this year", said Sireen Harajli , FX strategist at Mizuho in NY. [Full Article...]

'UN must put pressure on North Korea to de-escalate nuclear tensions'

'UN must put pressure on North Korea to de-escalate nuclear tensions' Anchor: Japan has said that it could intercept North Korean missiles headed towards Guam if they pass over the Japanese territory. In 2013, state media cited leader Kim Jong Un as having ordered his military to prepare plans on launching strikes on USA military bases in Guam , Hawaii and South Korea as well as the American mainland. [Full Article...]

Deshaun Watson took plenty of snaps, more than a few hits

Deshaun Watson took plenty of snaps, more than a few hits That doesn't mean O'Brien thinks Watson doesn't have things to iron out. "He was on the practice squad going against guys like Josh Norman and Bradberry from a year ago". Panthers quarterback Cam Newton , who has been limited in recent practices because of shoulder soreness following offseason surgery, didn't play. [Full Article...]

The Pursuit Of The Grand Slam Begins For Jordan Spieth

The Pursuit Of The Grand Slam Begins For Jordan Spieth Spieth is looking to seal a career grand slam at the golden age of 24 years and 17 days . That has seen McIlroy installed as a ahead of Open champion Jordan Spieth, who needs to win to become the youngest player - and just the sixth in history - to complete a career grand slam. [Full Article...]


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