Business


OH to Start Accepting Bitcoin Payments for Tax Bills OH to Start Accepting Bitcoin Payments for Tax Bills
- November 26, 2018

The new mode of payment means that anything ranging from taxes generated by self-employed people and employee withholding tax can be paid off by transferring Bitcoin to the agency. These payments will reportedly be processed by BitPay , a cryptocurrency payments service, which will convert the BTC to dollars. The move notably comes as bitcoin has one of the worst months in its history. (more...)
GM to close Oshawa plant impacting thousands of workers GM to close Oshawa plant impacting thousands of workers
- November 26, 2018

The likely shutdowns have already opened up GM to political pushback, with Canada's Prime Minister Justin Trudeau tweeting that he has expressed "deep disappointment" with Barra directly. Unifor has also issued a statement calling on GM to find a new product to allocate in Oshawa. When the federal and provincial governments bailed out the auto industry in 2009 at a time when bankruptcy appeared imminent, the deal required the Big Three to keep 16 per cent of its North American production in ... (more...)
Bitcoin falls below $5,000 for first time in over year Bitcoin falls below $5,000 for first time in over year
- November 26, 2018

As bitcoin plunged below $6,000 last week, it's possible that stop-loss orders were automatically going into effect and investors were " trying to play the breakout ", eToro Senior Market Analyst Mati Greenspan told CNBC. But XRP is showing volatility as well, with the price dropping from $0,48 down to $0,42 in just one hour around 8AM UTC. The difference in market cap between ETH and XRP is now over $4 billion. (more...)
It may be harder to find the ideal Christmas tree It may be harder to find the ideal Christmas tree
- November 26, 2018

Sonny Panzico sells Christmas trees too, and he says the shortage is hiking up prices. Yellow Bird L.C.'s tents opened Sunday, and Dobromil said even with the shortage, they hope to sell about 800 trees this year. Francisco says while his business normally opens after Thanksgiving, he's already had more than a dozen sales within the last week. "We don't have the trees to fill four", he said. (more...)
Elon Musk Says There's a 70 Percent Chance He'll Go to Mars
- November 26, 2018

He likened the expedition to journeying to the South Pole, as even once humans arrive on Mars they would spend all their time building habitats and struggling to survive. However, critics have claimed that Mr Musk's ambitions and timeframe are unrealistic. "So... there's a good chance you die there", he said. Musk also said he thought "the ad for going to Mars would be like Shackleton's ad for going to the Antarctic". (more...)
GM to close Oshawa plant GM to close Oshawa plant
- November 26, 2018

A spokesperson for GM said in an email Sunday night that the company had no news or comment to share and would not comment on "speculation". "Unifor received notification today from General Motors that the company will make a major announcement tomorrow that will impact its global operations", said Unifor, a Canadian labor union organization, in a written statement. (more...)
Trump denies being unhappy with Treasury chief Trump denies being unhappy with Treasury chief
- November 26, 2018

The Fed, an independent body, has raised its benchmark interest rate three times this year, much to the chagrin of Trump who views the hikes as a threat to the economy and his re-election chances in 2020. In a White House with high turnover, Trump's complaints concerned some of Mnuchin's supporters, according to the Journal . White House spokeswoman Lindsay Walters said in a statement that Trump "appreciates" Mnuchin's duties. (more...)
Online Sales Tax Kicks In For Cyber Monday
- November 26, 2018

Shoppers spent $6.22 billion online, up from 23.6% past year, according to Adobe Analytics . But one new factor shoppers might encounter this year: sales tax. Since Nov. 1, U.S. consumers have spent $38 billion online. Not to be outdone by the red-hot $199 Spider-Man PS4 bundle that's been selling out left and right all holiday weekend, Walmart has an even better PS4 deal for Cyber Monday . (more...)
Bitcoin falls below $4,000 as crypto collapse worsens Bitcoin falls below $4,000 as crypto collapse worsens
- November 26, 2018

It's a black week for the crypto market as the pain of investors is getting worse with every passing week. Usually, after the cryptocurrencies have dropped this significantly it tends to recovery in the midterms. "This bear market is a test for Bitcoin's security model: if the price continues plummeting while chip manufacturers continue to advance in making cheaper processing power, attacking bitcoin becomes progressively cheaper". (more...)
Sacked Ghosn denies financial misconduct allegations at Nissan Sacked Ghosn denies financial misconduct allegations at Nissan
- November 26, 2018

He has not been formally charged and denies the allegations, telling prosecutors he had no intention of under-declaring his compensation. Carlos Ghosn was sacked as Nissan chairman on Thursday. The French finance minister, Bruno Le Maire, said the Paris government and Renault had yet to see evidence to support Nissan's allegations of wrongdoing. (more...)
S&P 500 S&P 500 "correction" - down 10% from last high
- November 26, 2018

The broad-based S&P 500 fell 0.5 per cent to 2,63455.83, while the tech-rich Nasdaq Composite Index slipped 0.2 per cent to 6.955.67. A sharp plunge in oil prices Friday cascaded across the energy sector and into the wider market to push North American indexes into the red. (more...)
Black Friday Foot Traffic Falls While Online Sales Break Records
- November 26, 2018

Personally, I snagged Assassin's Creed Odyssey, Dragon Quest XI , SoulCalibur VI , and Horizon Zero Dawn: Complete Edition at heavily discounted prices this past weekend. But some new highlights include an Xbox One S Fortnite bundle. Of those sales, a whopping $2.1 billion - or about one-third of sales - were made on smartphones. (more...)
Logitech reportedly in talks to acquire Plantronics Logitech reportedly in talks to acquire Plantronics
- November 26, 2018

The move would combine Logitech's accessories and collaboration platform with Plantronics , which makes hardware that's used for everything from conference calls to huddle rooms. Plantronics , which got its start in the early 1960s making lightweight headsets for pilots , declined to comment. Last year, Logitech acquired ASTRO Gaming for $85 million in cash to expand in the video game sector. (more...)
Winter storm to hit Southeast Michigan on Monday: Here's what to expect Winter storm to hit Southeast Michigan on Monday: Here's what to expect
- November 26, 2018

Blizzard Warning from 6 a.m. Sunday until 9 p.m. Sunday. Both advisories set to expire at 1 p.m. Monday. A major winter storm will pound parts of the Midwest Sunday. We will quickly changeover to snow before sunrise. Forecasters with the Wichita branch of the National Weather Service predict 1 to 3 inches of snow and wind gusts of up to 45 miles per hour along I-70 starting late Saturday night. (more...)
BP: First Oil Production at Clair Ridge BP: First Oil Production at Clair Ridge
- November 25, 2018

Two new oil platforms, which are linked by a bridge, with pipelines to take away the oil and gas have been installed there, with BP having invested more than £4.5 billion there. West of Shetland has remained relatively under-explored compared to parts of the North Sea close to the United Kingdom mainland partly because a lack of production facilities in the area has put firms off drilling. (more...)
Oil prices sink on supply glut fears Oil prices sink on supply glut fears
- November 25, 2018

It is also down by almost a one-third from recent highs. On Wednesday, the USA president publicly thanked Riyadh for helping to keep a lid on oil prices - but again called on the de-facto leader of OPEC to push prices even lower over the coming months. (more...)
Samsung apologises to workers for cancer-causing factories Samsung apologises to workers for cancer-causing factories
- November 25, 2018

The compensation plan, proposed by a mediation committee between Samsung and Banollim, an advocacy group for the victims, included the damages of up to 150 million won (130,000 USA dollars) for former and current workers who worked for at least a year at Samsung's chip and LCD factories. (more...)
How to celebrate small shops in Houston — Small Business Saturday How to celebrate small shops in Houston — Small Business Saturday
- November 25, 2018

After Thanksgiving Thursday and Black Friday comes Small Business Saturday , a day focused on supporting small businesses who compete with big, national, and online stores as Americans head into the Christmas gift-giving season. Virgin Islands Economic Development Authority (EDA) joined the nationwide effort once again to inspire individuals to shop at local, small businesses in the territory on Small Business Saturday by hosting a "Shop Small Rally" on St. (more...)
Brexit: Portugal backs Spain on Gibraltar clause Brexit: Portugal backs Spain on Gibraltar clause
- November 25, 2018

European Commission president Jean-Claude Juncker has warned Britain can not expect to get a better Brexit deal if Parliament rejects the agreement hammered out by Theresa May . The deal must still be ratified by the European Parliament, something parliament President Antonio Tajani said would likely take place early in 2019. (more...)
London to ban junk food adverts on public transport London to ban junk food adverts on public transport
- November 25, 2018

After a public consultation in which the majority of respondents were found to support the ban, TfL has announced the measures to tackle childhood obesity will come into effect on February 25 next year. "This is an fantastic move from the Mayor and TfL, and they've got overwhelming support from Londoners who've said loud and clear they want a transport system with healthier ads and messages", he said. (more...)
Flight delays as winds strike Sydney, NSW Flight delays as winds strike Sydney, NSW
- November 25, 2018

Wind gusts of up to 90km/h are creating havoc at Sydney Airport , with dozens of flights cancelled and many delayed as the airport operates with only one runway. Heads up if you're flying in or out of Sydney or Melbourne today, strong winds and poor weather are impacting flights. The Bureau of Meteorology reports winds up to 60km/h are expected to bluster around Sydney this morning, before calming down somewhat later in the evening. (more...)
Second victim linked to contaminated romaine lettuce in Ottawa area Second victim linked to contaminated romaine lettuce in Ottawa area
- November 25, 2018

There has been a romaine lettuce recall in the United States and a warning issued in Canada after a wave of food poisoning incidents. Officials said any romaine should be thrown out until further notice. coli-tainted lettuce. The symptoms most people experience are severe stomach cramps, diarrhea that may contain blood, vomiting and sometimes a fever. (more...)
Unions condemn back-to-work bill for striking Canada Post workers Unions condemn back-to-work bill for striking Canada Post workers
- November 25, 2018

Legislation that would order an end to postal workers' rotating strikes has passed the first two phases of the Senate on a rare weekend sitting. CUPW has warned of a legal battle if the federal government passes the back-to-work legislation, calling such a move unconstitutional. (more...)
Impacts of climate change pronounced in Northeast Impacts of climate change pronounced in Northeast
- November 24, 2018

Ahead of the Thanksgiving holiday, Trump antagonized climate scientists by tweeting, once again , that he believes cold weather disproves long-term trends of a warming climate. "That means we have to focus on us", he said. While the report was initially scheduled to be released next month, CNN reported, the Trump administration decided to make it public on Friday afternoon - during a holiday weekend. (more...)
Oil prices hit year low; OPEC considers output cut
- November 24, 2018

Oil majors Exxon Mobil and Chevron fell more than 3 per cent and were the leading decliners on the Dow Jones Industrial Average Oilfield service providers Schlumberger NV and Halliburton Co also fell almost 3 per cent. US President Donald Trump reacted with fury on the possible slump in oil production, calling on both Saudi Arabia and OPEC to reconsider. "The market doesn't believe that OPEC is going to be able to act swiftly enough to offset the coming slowdown in demand", Flynn said. (more...)

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