Markets

by | October 21, 2018 | 01:49

No one won the latest Mega Millions drawing, meaning the jackpot climbs to a staggering $1.6 billion. In October 2017, Mega Millions cut the odds of winning from one in 259 million to one in 302.5 million, following a similar move by Powerball.

by | October 21, 2018 | 01:05

Twenty-year-old Scarleth Cruz hoisted a crying, sweat-soaked baby girl above the crowd. Shortly afterwards, Guatemala's government tweeted that Hernandez would meet Morales on Saturday in Guatemala City to implement a strategy for returning the Honduran migrants.

by | October 20, 2018 | 23:53

Cyprus-based airline Cobalt Air says it has indefinitely suspended all of its operations amid a struggle to find investors. A couple has been left nearly $5,900 out of pocket after their dream wedding in Cyprus was ruined when Cobalt Airlines folded overnight.

by | October 20, 2018 | 22:46

Saudi Arabia could decide to slow-walk future output hikes. According to the EIA's report , us crude oil refinery inputs averaged 16.3 million barrels per day during last week, which was 77,000 barrels per day more than the previous week's average.

by | October 20, 2018 | 18:47

The spokesperson said that Facebook kept advertisers up to date about the metrics errors. It still maintains that Facebook acted fraudulently. Facebook's growth is dependent on convincing advertisers that people are watching more video on its site, Bloomberg notes, and the company is battling to win back trust after finding evidence that Russians used the social network to meddle in the 2016 USA presidential election and revealing that hackers stole personal info on 29 million users.

by | October 20, 2018 | 15:43

Netflix's report was the first from one of the big technology companies that helped drive the S&P 500 to a record last month. India strategy was a key talking point in the earnings interview; Netflix sees meaningful growth runway within the Indian marketplace at current price-points as well.

by | October 20, 2018 | 14:17

Among the user data stolen by hackers were birthdates, phone numbers, search history and even recent locations the users had "checked in" at. Facebook discovered the attack on September 25 and publicly revealed it on September 28. These tokens allow access to any part of a user's Facebook account, but the spammers only accessed a limited set of information compared to what they could've taken.

by | October 20, 2018 | 04:08

The Powerball and Mega Millions games have high jackpot drawings this weekend. That comes after the Powerball drawing on Saturday night, with the victor expected to take home $253 million after no one won on Wednesday. Drawings take place at 11 p.m. ET on Tuesdays and Fridays. The one-time cash amount will pay an estimated $148.4 million to the person who correctly picks all of tonight's Powerball numbers.

by | October 19, 2018 | 21:53

Unusually for a US president, Mr. Trump himself has increased criticism of the Fed's rate increases, calling them "crazy" and warning they would hurt the economy . Under Powell, the Fed has been gradually raising rates as the economy has strengthened as a way to prevent a run-up in inflation. In the minutes it says "a couple" of policymakers stated that they would not be in favour of adopting a restrictive policy stance without "clear signs of an overheating economy".

by | October 19, 2018 | 20:36

Musk also revealed that the Model 3 ordering process has been simplified and now has fewer options. Musk did hint that the cheapest Model 3 may arrive early next year, tweeting that shipping cars with partially filled battery packs was better than waiting until February.

by | October 19, 2018 | 15:58

Zuckerberg controls the bulk of the company's super-voting shares, which give him control over 60% of Facebook's voting shares. Since then, the group has added a breach in September that affected 30 million Facebook accounts, as well as the departure of Instagram and WhatsApp executives, to its grievances.

by | October 19, 2018 | 14:59

White House officials said the move is not aimed at China specifically, noting that certain European countries such as Germany and France also benefit from what they called unfair global postal rates. Small businesses, commercial shipping companies and US manufacturers have said the postal program gives Chinese vendors a significant advantage, especially on small, high-value items including electronics and clothing.

by | October 19, 2018 | 13:57

Switzerland, which has long led the rankings, fell to fourth under the new methodology. Countries that ranked highly on measures - such as low tariffs, ease of hiring foreign labour and collaboration in patent application - tended to do well on innovation and market efficiency, WEF said.

by | October 19, 2018 | 13:32

Washington imposed penalty tariffs on Chinese goods and Beijing retaliated by raising duties on imports of American products including electric cars. Tesla successfully acquired an 864,885-square meter plot in Shanghai's Lingang area for the electric vehicle maker's new factory, according to an announcement from Lingang Wednesday afternoon.

by | October 19, 2018 | 13:25

Turkish media with close links to the government have published gruesome details on the alleged audio, saying screams, and the voice of the consul, Mohammed al-Otaibi, could be heard in the recording. Khashoggi's killers may have dumped his remains in Belgrad Forest adjacent to Istanbul, and at a rural location near the city of Yalova, a 90-kilometre drive south of Istanbul, the officials said.

by | October 19, 2018 | 05:44

Some members of the rate-setting panel - the Federal Open Market Committee - also indicated it might be necessary to raise rates more aggressively to keep the economy from overheating. The U.S. economy has been growing more quickly this year than many economists believe is possible without generating higher inflation, with the jobless rate at its lowest level in decades.

by | October 18, 2018 | 21:58

Following the split between Bitfinex and Noble Bank, the exchange created a shell account with Hong Kong-based HSBC according to the Block's Mike Dudas . However, this has never been confirmed by independent auditors. Ties between Friedman LLP and Tether were dissolved, only furthering the skepticism surrounding USDT.

by | October 18, 2018 | 21:43

Khashoggi had left the country previous year amid the rise of Prince Mohammed, whom he wrote critically about in the Post . Turkish police on Wednesday began searching the residence of the Saudi consul in Istanbul for their investigation, with forensics experts in white overalls entering the building, an AFP correspondent said.

by | October 18, 2018 | 21:39

The legal battle, which dates to 2016, stems from revelations that Facebook misreported two metrics related to its video ads. "They also would have seen that they had spent considerable money on past advertising campaigns that were not enjoying anywhere near the average viewership that Facebook had represented".

by | October 18, 2018 | 20:23

Trump has blamed the market's big sell-off on rising rates and has described the Fed as being "out of control". President Trump has recently renewed criticism of the Fed and its interest rate hikes. Inflation rates hit a six-year high in July. The Dow Jones industrial average on Wednesday fell 91.74 points, to 25,706.68. Late last week, Treasury Secretary Steven Mnuchin said that despite Trump's attacks on the Fed, the president respects the central bank's independence.