• Markets slip as US-China trade negotiations end
Markets slip as US-China trade negotiations end

It's unclear from the U.S. statement how much headway negotiators made regarding USA concerns over forced technology transfers and cybertheft of trade secrets for commercial purposes. Trump said late Tuesday on Twitter . With cooling economic growth raising the urgency for a settlement, this week's talks went ahead despite tension over the arr...

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  • Sears to Liquidate After Takeover Bid Falls Through
Sears to Liquidate After Takeover Bid Falls Through

An attorney for Sears told U.S. Bankruptcy Judge Robert Drain that Lampert is expected to submit a revised offer for the retailer, along with a US$120 million deposit, by 4 p.m. Riley Financial, Great American partnered with Tiger past year to buy many of bankrupt retailer Bon-Ton Stores' assets and liquidate the company. Troubled US retail giant...

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  • Local News Should you file your taxes during the government shutdown?
Local News Should you file your taxes during the government shutdown?

While refunds aren't being processed during the government shutdown, the IRS is taking payments. While the IRS does conduct some business during shutdowns, it generally does not issue refunds, answer taxpayer questions outside the filing season or conduct audits.

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  • The Next iPhone Will Have This Huge 3-Camera Bump
The Next iPhone Will Have This Huge 3-Camera Bump

The arrangement of the cameras and the LED flash is a bit odd thanks to the microphone which has also been squeezed into the setup. Apple leaks are rare, but new renders have appeared purporting to show the 2019 iPhone - or iPhone XI - as it's being called.

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  • US Dollar Index turns negative on dovish Powell
US Dollar Index turns negative on dovish Powell

US stocks were pummelled on Thursday after Apple slashed its revenue forecast due to weak demand in China and a report showed US manufacturing activity slumping to a two-year low, reviving fears about a global economic slowdown in the wake of the US-China trade war.

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  • Apple plunges most in nearly six years on IPhone slump
Apple plunges most in nearly six years on IPhone slump

Some analysts, however, questioned the impact of Apple's own actions, such as its unyielding pursuit of high selling prices for its products. The China slowdown comes as Apple faces other obstacles in some of its biggest markets. And after several component makers in November forecast weaker-than-expected sales, some market watchers called th...

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  • Apple shares dive; rare revenue warning drags global markets
Apple shares dive; rare revenue warning drags global markets

The sharp reaction puts Apple on track for its biggest one-day share price drop in five years and helped trigger a broader sell-off in U.S. shares as investors fretted about the state of the Chinese market and the broader outlook for the global economy.

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  • India stops printing Rs 2,000 note, two years after its shock launch
India stops printing Rs 2,000 note, two years after its shock launch

Rs 2,000 notes were introduced after the government banned the old Rs 500 and the Rs 1,000 denominations on November 8, 2016. Juxtaposing the data presented in the Lok Sabha with the one provided by RBI in its annual report , the SBI Ecoflash report said, "we observe" that the value of small denomination currency in circulation up to March...

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  • Tesla shares fall on price cut, soft Model 3 deliveries
Tesla shares fall on price cut, soft Model 3 deliveries

The Model 3, Tesla's mass market vehicle, saw sales of more than 145,000 past year, the company said . While Tesla reported yet another historic quarter that saw the company delivering an average of 1,000 vehicles per day, Wall Street has not taken kindly to the electric auto maker's Q4 2018 results.

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  • China, US plan face-to-face trade meeting in January
China, US plan face-to-face trade meeting in January

Treasury Secretary Steven Mnuchin did tell Bloomberg the two sides have had phone discussions since then. The Trump administration is sending trade representatives to Beijing early next month, reports indicated on Wednesday, as the clock ticks down to a deadline for the world's two largest economies to reach a deal.

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  • Another Round Of Sears, Kmart Closures Announced
Another Round Of Sears, Kmart Closures Announced

The iconic but now bankrupt retailer announced Friday it was closing 80 more Sears and Kmart stores. After filing for bankruptcy on October 15, Sears executives have been scrambling to come up with cash to satisfy the bankruptcy court by a 4 p.m.

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  • Sears to close 80 more stores, awaiting bids to stay in business
Sears to close 80 more stores, awaiting bids to stay in business

The Columbus store is not on the Sears Holdings list of those to be closed. Sears faces a self-imposed deadline of 4 pm ET on Friday for bids. The once-dominant retailer filed for bankruptcy in October, and Lampert was seeking nearly $1 billion to support his rescue effort.

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  • NY awe-struck as sky over Queens turns blue
NY awe-struck as sky over Queens turns blue

Turns out the light emanated from an electrical power plant run by Con Edison in Astoria , Queens . After a stoppage because of the power failure, the Metropolitan Transportation Authority said in a tweet that the No. Reports soon came in that La Guardia had lost power and that the airport had closed as a result. "The fire is under ...

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  • U.S. stocks sink as historic rally falters; oil slips
U.S. stocks sink as historic rally falters; oil slips

The tech-heavy Nasdaq lost 141 points, or 2.2 percent, to 6,411. The benchmark S&P 500 gained 5pc or 116 points to 2,467. Data released by Mastercard SpendingPulse showed that retailers had their best holiday season in six years . The stock market deepened its rout after the Fed's rate hike and its decision to let its massive balance sheet...

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  • Stocks set fall after Steven Mnuchin’s odd statement fails to calm markets
Stocks set fall after Steven Mnuchin’s odd statement fails to calm markets

US markets reopen Wednesday. Investors are concerned that Trump may fire Federal Reserve Chairman Jerome Powell. Mnuchin's statement on banks caused many to worry about banks, despite there having been no concerns about banks. analyst Jaret Seiberg wrote in a note to clients. Nor did he consult the president on a separate decision to ask the nati...

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  • Grocery store hours on Christmas Eve, Christmas Day
Grocery store hours on Christmas Eve, Christmas Day

They will, however, be open on Christmas Eve , along with a number of other stores like JCPenney, Macy's , and Kmart. On Boxing Day , most shopping malls open at 8 a.m. Certain bus routes will run every 25 to 45 minutes. Some local stores may have shorter hours on Christmas Day . Eaton Centre: 7 a.m.to 9:30 p.m. The Lanspeary Lions and Ch...

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  • Rate futures market says Fed is all but done with hikes
Rate futures market says Fed is all but done with hikes

The stock market was only open for half a day Monday, and that was more than enough time for the Dow Jones Industrial Average to drop 2.9 percent to 21,792.20. Efforts by Treasury Secretary Steve Mnuchin on Sunday to reassure investors backfired. Asked if he has confidence in Mnuchin, Trump said: "Yes, I do".

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  • Stores offering deals, staying open late on Christmas Eve
Stores offering deals, staying open late on Christmas Eve

Walmart will indeed be open on Christmas Eve 2018. Paddy Murphy's is open for lunch only on Christmas Eve , and will open at 7 p.m. on Christmas Day with full bar service and a limited menu. Eating out on Christmas Eve and Christmas Day can be hard, as a lot of places are closed for the holiday. Fiesta: Christmas Eve open, ho...

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  • Winds put BC Hydro customers on Hornby, Denman Island in dark
Winds put BC Hydro customers on Hornby, Denman Island in dark

BC Hydro says about 100,000 customers didn't have electricity on Vancouver Island shortly after midday on Thursday, while the lights were out for nearly 130,000 in the Lower Mainland and Sunshine Coast. About 66,000 homes across B.C.'s south coast are still without power after a windstorm caused extensive damage to BC Hydro infrastructure on Thursd...

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  • Gradual Reduction In GST Rates To Strengthen Tax Regime, Says Industry Body
Gradual Reduction In GST Rates To Strengthen Tax Regime, Says Industry Body

Tickets costing above Rs 100 will be taxed at 18% instead of 28%. Listing out other decisions of the GST Council , the Jaitley said the services supplied by the banks to Jan-Dhan account holders have been exempted from GST . "States were compensated Rs 48,000 crore for the losses incurred due to GST", the finance minister said. The 31st GS...

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  • Wall Street rises ahead of Fed rate decision
Wall Street rises ahead of Fed rate decision

The rate peaked at 2.4 per cent in July, but has move downwards since. And the tech-laden Nasdaq was off 3 per cent. Shares of both Apple Inc and Google parent Alphabet Inc dropped more than 3 percent. Instead, he has decided, beginning in 2019, to hold news conferences after each of the Fed's eight meetings each year, rather than only quarterly....

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  • Dow Hits a 2018 Low Over Fears of a Government Shutdown
Dow Hits a 2018 Low Over Fears of a Government Shutdown

Equities hit their low for the day after U.S. House of Representatives Speaker Paul Ryan announced that President Donald Trump would not sign a temporary government funding resolution. And there are increasing signs the global economy is slowing, too. On average, bull markets last 4.5 years. The Russell 2000 gave up 118.73 points, or 8.4 per ce...

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  • U.S. stocks claw back some of their big losses; oil slides
U.S. stocks claw back some of their big losses; oil slides

Benchmark U.S. crude was up 24 cents at $46.48 a barrel in electronic trading on the New York Mercantile Exchange. Technology companies helped drive stocks higher Tuesday. Brent crude , used to price worldwide oils, added 34 cents to $56.60 a barrel. That's chopped oil prices by one-third since early October. Prices for the benchmark for the ...

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  • Putin issues ominous warning on rising nuclear war threat
Putin issues ominous warning on rising nuclear war threat

There was a growing tendency to underestimate the threat of nuclear war, the Russian leader said . Putin also said the West was trying to hold back an increasingly powerful Russian Federation as he took aim at sanctions and "made-up" spy scandals, including the poisoning of former double agent Sergei Skripal and his daughter in Salisbury, En...

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  • Trump won't sign bill to avert partial shutdown
Trump won't sign bill to avert partial shutdown

The Senate is expected to take up the legislation as soon as today, and send it to the House for passage before the President can sign it into law, although the House is not expected to take it up until Thursday at the earliest. Jordan will be at the White House. In a series of tweets Thursday, Trump signaled that he would fight for the border ...

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  • Facebook partnership shared data with hundreds of companies
Facebook partnership shared data with hundreds of companies

Apple and Spotify also claimed they weren't aware of the special access granted. "The deals, the oldest of which date to 2010, were all active in 2017", The Times reported . But the company's been spewing hogwash about user privacy for so long that it's hard to even visit its social network without breathing in the faint smell of insecurity.

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  • Trump Turns Up Pressure on Federal Reserve Ahead of Rate Decision
Trump Turns Up Pressure on Federal Reserve Ahead of Rate Decision

The president isn't wrong about the dollar, which has made modest gains against a basket of currencies, hitting a 19-month high at close on Friday. In an interview with Reuters last week, Trump said he needed the flexibility of lower rates to support the broader USA economy as he fights a growing trade battle against China, and potentially othe...

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  • IEA Wobbles on Impact of OPEC Cuts, Citing Growing US Production
IEA Wobbles on Impact of OPEC Cuts, Citing Growing US Production

USA crude inventories USOILC=ECI fell by 1.2 million barrels in the week to December 7, compared with market expectations for a decrease of 3 million barrels. "As ever, there's a bit of smoke and mirrors around the latest OPEC deal", said David Fyfe, an oil market economist formerly at trading firm Gunvor and the International Energy Agency.

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  • Vigilante engineer crafts ultimate revenge on porch pirates
Vigilante engineer crafts ultimate revenge on porch pirates

After having a couple of packages stolen and being met with an unsympathetic police department, he chose to take things into his own hands. So he spent the next six months building a custom-made "glitter bomb" hidden inside of a decoy package.

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  • China, U.S. discuss next stage of trade talks
China, U.S. discuss next stage of trade talks

Traders said China made the first major purchase of USA soyabeans since Washington and Beijing agreed to a temporary trade truce this month. A second trader with direct knowledge of the deals said Chinese state-owned firms bought at least 12 cargoes for shipment between January and March.

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