Business


Amazon's Alexa Echo Malfunctions in Europe Due to Overusage on Christmas Amazon's Alexa Echo Malfunctions in Europe Due to Overusage on Christmas
- December 28, 2018

In the month of October, Amazon's revenue and profit forecasts for the holiday quarter fell short of analyst estimates, as investors anxious about the Amazon increases the pace of spending as well. "Other tech top sellers included Bose QuietComfort 35 (Series II) Wireless Headphones, Samsung Flat 65" 4K UHD 8 Series Smart LED TV, Wemo Mini Smart Plug, Blue Yeti USB Microphone in Blackout, and the Wyze Cam 1080p HD Indoor Wireless Smart Home Camera. (more...)
Nationwide internet outage affects CenturyLink customers
- December 28, 2018

Overnight internet outages have been affecting wireless 911 calls across the country and while originally confined to western United States, the system in MA was experiencing problems early Friday. Outages in the state were sporadic Thursday evening. CRESA is the 911 dispatch for Clark County, Wash. "The 911 outage continues in King County", the county's official Twitter account tweeted. (more...)
Trump has discussed firing US Federal Reserve chairman Powell Trump has discussed firing US Federal Reserve chairman Powell
- December 28, 2018

Stocks fell again at the open on Monday amid concern about slowing economic growth, the government shutdown and reports that Trump had discussed firing Federal Reserve Chairman Jerome Powell . In a November 27 interview with The Washington Post , Trump said: "I'm not happy with the Fed. Not even a little bit". However, according to the Federal Reserve Act, the only way Trump could remove Powell or any other governor of the central bank is "for cause". (more...)
Trump Urges Buying the Dip After Stocks Sink on D.C. Dysfunction Trump Urges Buying the Dip After Stocks Sink on D.C. Dysfunction
- December 28, 2018

The market has been roiled for most of the month over concerns about a slowing global economy, the escalating trade dispute with China and another interest rate increase by the Federal Reserve . Bernanke's successor, Janet Yellen. Hassett said that the ongoing budget impasse in which swaths of the federal government are going without funding, due to Congress' refusal to authorize Trump's demand for more money on a US-Mexico border barrier, would not harm the economy. (more...)
New York City Skyline Turns Blue What Happened? The Internet Goes Crazy New York City Skyline Turns Blue What Happened? The Internet Goes Crazy
- December 28, 2018

The New York Police Department (NYPD) later confirmed the light had been caused after a couple of transformer tipped offline at a substation. "*Not* aliens. Nearby LaGuardia Airport grounded all flights for about 30 minutes in order to do an airport inspection, according to the FAA. There are no other significant reported power outages at this time. (more...)
Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises Trump praises Treasury Secretary Mnuchin but hits Fed again on rate rises
- December 28, 2018

Hassett said that the ongoing budget impasse in which swaths of the federal government are going without funding, due to Congress' refusal to authorise Trump's demand for more money on a US-Mexico border barrier, would not harm the economy. (more...)
Chinese company denies promotion to employees using iPhones Chinese company denies promotion to employees using iPhones
- December 28, 2018

Even some are punishing their Employees if they are not following their orders to Boycott Apple Products . Chinese companies are offering their employees subsidies for buying Huawei smartphones and boycotting Apple products. The executive was apprehended during a layover between flights at the request of the US government. Shortly after, a report from the Global Times - a state-backed Chinese newspaper - stated that banning Chinese companies of the likes of Huawei will ... (more...)
Boxing Day sales: Prices slashed but footfall declines across UK Boxing Day sales: Prices slashed but footfall declines across UK
- December 27, 2018

Jace Tyrrell, the chief executive of the New West End Company, said he expected sales for the eight-week festive shopping season as a whole to be slightly down on a year ago at £2.5bn. Shoppers on London's Oxford Street told BBC News they braved the crowds to pick up a bargain and browse products in person rather than just buying them online. (more...)
New e-commerce norms will hit Amazon & Flipkart's affiliated sellers New e-commerce norms will hit Amazon & Flipkart's affiliated sellers
- December 27, 2018

The new rules are set to come into effect starting February 1, 2019. Leading online players own or have invested in companies that procure goods in bulk from companies and sell them to their "preferred vendors", which would list the same products at cheap prices. (more...)
Asian markets battered as U.S. stocks continue to slide Asian markets battered as U.S. stocks continue to slide
- December 27, 2018

Tokyo stocks opened higher on Wednesday after the benchmark Nikkei index declined sharply Tuesday. Overnight, the Dow Jones Industrial Average finished up almost 1,100 points, or about five percent, at 22,878.45. The Nikkei index has already fallen 14 percent this month. "Ever since Trump started his trade protection, the trade war stuff, the markets have not liked it". (more...)
Trump asked officials if he can legally fire Fed chair Trump asked officials if he can legally fire Fed chair
- December 27, 2018

The Dow Jones Industrial Average closed the week with yet another steep decline, its worst week in 10 years. "They don't have a feel for the Market, they don't understand necessary Trade Wars or Strong Dollars or even Democrat Shutdowns over Borders", Trump said in a tweet Monday. (more...)
Flight attendant working on Christmas joined by father on every flight Flight attendant working on Christmas joined by father on every flight
- December 27, 2018

So, her dad, Hal, chose to take to the skies for the holidays so he could spend some quality time with his daughter. Hal Vaughan's daughter, Pierce Vaughan, works as a flight attendant for Delta and was scheduled to work over the holidays on Christmas Eve and Christmas Day . (more...)
Wall Street roars back to life in best session in 9 years Wall Street roars back to life in best session in 9 years
- December 27, 2018

The underlying gauge rose 4.96 percent at the close in NY, after falling within two points of a bear market earlier in the session. Political turmoil this week has added to concerns about a cocktail of factors - including slowing growth, trade tensions, and more expensive refinancing after years of stimulus - that have weighed on global markets in recent months. (more...)
Brent crude rises to $51 after steep slide Brent crude rises to $51 after steep slide
- December 26, 2018

Meanwhile, S&P 500 Index futures swung between gains and losses Wednesday while the benchmark U.S. gauge is at the brink of sliding into a bear market . are developing offshore Guyana. "I think there is a little bit of over-extension to the downside linked to global market fears", said Petromatrix analyst Olivier Jakob. (more...)
Dena Bank merger: State-owned banks to remain closed today in protest Dena Bank merger: State-owned banks to remain closed today in protest
- December 26, 2018

Employees of nine Bank unions under the aegis of United Forum of Bank Unions (UFBU) of Odisha unit hit the streets protesting amalgamation of the three banks. "So far the IBA (Indian Banks' Association) has offered 8 per cent wage hike which is not acceptable to the United Forum of Bank Unions", Rana said. The government recently announced the merger of Bank of Baroda , Vijaya Bank and Dena Bank. (more...)
List of Open Restaurants on Christmas Eve and Christmas Day List of Open Restaurants on Christmas Eve and Christmas Day
- December 26, 2018

Most Rite Aid locations that are open 24 hours a day were open on Christmas Eve and Christmas Day. Beach Bar at Newport Pier: The Sunny Isles Beach restaurant posted on Facebook it will be open. Speedway: Most locations open 24/7. For local spots, it's a good idea to check the restaurant's website or call before you head out, and when in doubt just assume that spot is closed. (more...)
Christmas Mega Millions jackpot climbs to $321 million Christmas Mega Millions jackpot climbs to $321 million
- December 26, 2018

Lots of people across the country will be wishing for a big Christmas present this year, to win the Mega Millions Drawing. "Lucky retailers" qualify as spots that have paid out on average $4,000 per week in winning tickets. No one has won either jackpot since October. For the drawing, players can buy a ticket in stores or through the Illinois Lottery website or app. Mega Millions is played in 44 states as well as Washington, D.C., and the U.S. (more...)
Trump resumes attack on Fed as markets sink Trump resumes attack on Fed as markets sink
- December 26, 2018

Key drivers included upset at the Federal Reserve's latest interest rate hike, the shock resignation of Defense Secretary Jim Mattis, the ongoing US-China trade war and a US government shutdown triggered Friday at midnight following unsuccessful budget negotiations between President Donald Trump and congressional Democrats. (more...)
WTI and Brent prices plunge 6% WTI and Brent prices plunge 6%
- December 26, 2018

Investors have flocked to perceived safe-haven assets such as gold and government debt, at the expense of crude oil and stocks. Global benchmark Brent crude futures had risen 30 cents, or 0.56 percent, to $54.12 a barrel by 0744 GMT, at one point climbing as far as $54.66. (more...)
Dow plunges after ‘moron’ Treasury Secretary Mnuchin’s message from Mexico spooks markets Dow plunges after ‘moron’ Treasury Secretary Mnuchin’s message from Mexico spooks markets
- December 26, 2018

A bruising December for the US markets triggered by concerns over a partial federal government shutdown, the US-China trade dispute and interest rate hikes has put the S&P 500 on pace for its biggest monthly percentage decline since 2008. (more...)
OPEC will hold extra meeting if output cuts 'not enough': UAE OPEC will hold extra meeting if output cuts 'not enough': UAE
- December 26, 2018

The U.A.E.'s energy minister, while stressing that the 1.2-million barrel-a-day cut will clear an inventory buildup in the first half, hinted additional curbs could be discussed. The price action suggests the hedge and commodity funds may be on the sidelines ahead of Tuesday's Christmas holiday. WTI peaked near $77/bbl in early October. (more...)
Tesla cuts Model three prices in China Tesla cuts Model three prices in China
- December 25, 2018

It's a smaller five-seater successorto NIO's first vehicle, the larger ES8. The novelty has a power reserve of up to 510 miles. All different versions of the ES6 will be outfitted with dual electric motors, and will also be loaded with Tesla-style tech. (more...)
On Christmas Eve, Trump airs more grievances On Christmas Eve, Trump airs more grievances
- December 25, 2018

Each side has blamed the other for the shutdown, with no sign of renewed negotiations between lawmakers on Capitol Hill or between lawmakers and the White House. Mulvaney said that the offer was between Trump's request of $5.7 billion and the $1.3 billion which Democrats have agreed to offer. However, an AP Fact Check found that USA arrests on the Mexican border jumped 78 percent in November from a year earlier to the highest level in Trump's presidency. (more...)
'I do' have confidence Treasury Secretary Mnuchin 'I do' have confidence Treasury Secretary Mnuchin
- December 25, 2018

A statement from the treasury divulged details of Mr Mnuchin's discussions with the top U.S. banks - a rare step for the department. CEOs who spoke to Mnuchin on the calls were "totally baffled" by the move, a person familiar with the call told CNN . (more...)
Trump attacks Fed on eve of policy meeting Trump attacks Fed on eve of policy meeting
- December 25, 2018

United States stocks and bond yields fell hard. It could also help the central bank guard against criticism, whether from Trump or others, by allowing Powell to point to the economic realities on the ground as forcing his hand on any future rate hikes. (more...)

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