• Unexpectedly strong jobs report - 'Economy is thriving'
Unexpectedly strong jobs report - 'Economy is thriving'

Non-farm payrolls grew by 304,000 in January 2019, far exceeding the 165,000 jobs expected. Average weekly earnings fared better, rising 3.5 percent year-over-year. The central bank, which raised rates four times a year ago, did not raise rates and cited "global economic and financial developments" and low USA inflation as reasons to be patient b...

Read more

  • Investors cautious ahead of Fed rate decision
Investors cautious ahead of Fed rate decision

The benchmark 10-year U.S. Treasury yield extended its decline to as far as 2.674 percent, its lowest since January 14. Since then Chairman Powell and other Fed officials have emphasized their desire to be " patient " in their approach to rate hikes and their belief that there's no "pre-set course" for future increases.

Read more

  • Alibaba's Q4 cloud revenue up 84 percent from a year ago
Alibaba's Q4 cloud revenue up 84 percent from a year ago

Analysts polled by FactSet expected the company to post 119.03 billion yuan. While its revenue rose 41% to ¥117.3 billion, it was the slowest pace in more than two years. The company said that Alibaba Cloud will leverage the overall company's technologies for infrastructure, data management and services to broaden its services for enterprises...

Read more

  • Dow slides almost 400 points as Caterpillar and Nvidia reinforce slowdown fears
Dow slides almost 400 points as Caterpillar and Nvidia reinforce slowdown fears

The yuan appreciated to its strongest against the dollar since July before Vice Premier Liu He travels to Washington for trade talks, and as the People's Bank of China freed up a potential US$37 billion for bank lending. Emerging-market stocks slipped while their currencies climbed. In December, U.S. President Donald Trump and Chinese President X...

Read more

  • Emergency alert asks residents to lower thermostats
Emergency alert asks residents to lower thermostats

Consumers Energy today called for all customers to voluntarily reduce their gas usage as a result of an unexpected gas incident in Southeast Michigan. Only factories served by Jackson, Michigan-based Consumers Energy were affected. "While DTE's plants are running well, our system is connected to energy grids in other states and Canada that are ex...

Read more

  • Embattled Venezuela president ‘ready to negotiate’ with opposition
Embattled Venezuela president ‘ready to negotiate’ with opposition

Guaido launched a direct challenge to Maduro's authority last week when he declared himself acting president. "Following, the Vice President will give formal remarks, he will rally support for the Venezuelan people and reiterate the steadfast support from the United States in their fight for freedom", a White House official said.

Read more

  • US sanctions on Venezuelan oil reverberate globally
US sanctions on Venezuelan oil reverberate globally

The measures against state-owned PDVSA were presented as a way of preventing the leftist strongman from looting the coffers in his economically ruined country before he is replaced by the man Washington says is the rightful interim president - opposition leader Juan Guaido.

Read more

  • United States charges Huawei with stealing trade secrets and violating sanctions
United States charges Huawei with stealing trade secrets and violating sanctions

The U.S. Department of Justice is formally levelling 23 criminal charges against Chinese tech juggernaut Huawei Technologies , multiple subsidiaries and chief financial officer Meng Wanzhou . A hearing is set for February 6. "The vast influence the Chinese government hold towards Chinese companies is a tremendous threat to the US". The United...

Read more

  • Venezuela in Turmoil: President Maduro says United States is plotting a coup
Venezuela in Turmoil: President Maduro says United States is plotting a coup

Greece's left-wing ruling Syriza party, however, voiced full support for Maduro. Mr Maduro told CNN Turk that American "power in the world is in decline and it's ending". "Even while Maduro's government continues to brutally repress the poor and invisible, they won't harm Guaido because he has so much global support". Thus far, the military h...

Read more

  • What a Venezuelan oil embargo could mean for US
What a Venezuelan oil embargo could mean for US

The driver of Friday's trading activity was said to be the US signalling that it may impose sanctions on Venezuelan exports after recognizing opposition leader Juan Guaido as interim president this week, prompting president Nicholas Maduro to cut ties with Washington .

Read more

  • Memos: Facebook allowed 'friendly fraud' to profit from kids
Memos: Facebook allowed 'friendly fraud' to profit from kids

In one document , an employee at Facebook discussed how the company could use the "data to choose apps that would be good recipients for an automatic underage inflow ... One 15-year-old spent $6,500 (£4,950) in two weeks. Her charges ballooned to almost $1000 total. "I said, 'show me what you are doing, ' so there was a little stack of coins and...

Read more

  • With Venezuela Convulsed by Crisis, Trump's Hawks Take Dramatic Turn
With Venezuela Convulsed by Crisis, Trump's Hawks Take Dramatic Turn

A veteran of Iraq war, she has been opposed to American interventionist policy overseas and is against deployment of United States troops in other countries. Guaido's bold move capped three days of high tension that began Monday when a group of soldiers took over a command post in the capital Caracas and rose up against Maduro.

Read more

  • US Balkan Allies Recognise New Venezuela President
US Balkan Allies Recognise New Venezuela President

In that case, "we would consider adopting other measures including recognising (Guaido) as interim president", Josep Borrell told reporters in Madrid just as an European Union foreign affairs meeting was taking place "at Spain's request".

Read more

  • FAA Orders Ground Stop at LaGuardia Due to 'Staffing Shortages'
FAA Orders Ground Stop at LaGuardia Due to 'Staffing Shortages'

The FAA said in a statement that there's been a "slight increase in sick leave at two air traffic control facilities affecting NY and Florida". "We are starting to see the breakdown of the system as a result of the shutdown ", said one air traffic controller , who was not authorized to speak to the media.

Read more

  • Southfield man kicked off American flight for body odor
Southfield man kicked off American flight for body odor

The Adlers say they were told their luggage would be taken off the plane , but that did not happen, leaving them with only the clothes on their back. "I said: 'Excuse me?" "But there's two Jewish people on the plane, and now they're kicking us off because of odor". "They [had] our auto seat, stroller, everything", Jennie explained.

Read more

  • France hits Google with 50 million euro data consent fine
France hits Google with 50 million euro data consent fine

The EU's General Data Protection Regulation (GDPR ), the biggest shake-up of data privacy laws in more than two decades, came into force in May. Even though many tech multinationals like Google are headquartered in the US, they still have to comply with the new rules because they have millions of users in Europe.

Read more

  • Government shutdown and your health: What you need to know
Government shutdown and your health: What you need to know

Justice Department attorneys, who are defending the federal government, meanwhile acknowledged federal workers' dilemma but urged the judiciary not to involve itself in a political dispute. The record-long US government shutdown would subtract 0.1 percentage point from economic growth every week, twice as originally forecasted, the CNBC on Tuesda...

Read more

  • United States to Review China's Trade Reform
United States to Review China's Trade Reform

The offer, made during talks in Beijing earlier this month, was met with skepticism by USA negotiators who nonetheless asked the Chinese to do even better, demanding that the imbalance be cleared in the next two years, the people said. -China trade war agreed to on December 1 when Trump and Chinese President Xi Jinping met at the G20 summit in Ar...

Read more

  • Tesla to cut jobs as cars 'too expensive'
Tesla to cut jobs as cars 'too expensive'

Tesla said that it would be cutting its full-time staff numbers by 7 per cent, out of a workforce of 45,000 employees, as it attempts to increase production of its Model 3 saloon vehicle. While Tesla has begun cranking out enough Model 3s to overtake most other luxury automakers, it still hasn't reached the magic 5,000-cars-per-week number over...

Read more

  • Huawei founder speaks out about daughter’s arrest
Huawei founder speaks out about daughter’s arrest

He added that Beijing had never asked him or his company to share "improper information" about its partners. Ren said he loved his country and was a member of the communist party. He said there was "no evidence" of Huawei equipment posing a threat to any country's critical infrastructure, and claimed he would deny any requests from Beijing t...

Read more

  • Taiwan stages live-fire military exercises after China threats
Taiwan stages live-fire military exercises after China threats

The report continues: "China shifted funds and efforts to acquiring technology by any means available". "The PLA [People's Liberation Army] is acquiring a range of technologies to improve China's counterspace capabilities", the agency adds.

Read more

  • Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May
Brexit: Rule out no-deal, Jeremy Corbyn tells Theresa May

Ms Cooper, the Home Affairs Committee chairwoman, added: "I think the damage no deal would do would be so huge to our manufacturing industry, but also our policing and security, and that's why we had a vote in Parliament to say the Government should not be going ahead with no deal".

Read more

  • US Senators Introduce Bill Targeting US Export to China's Telecom Industry
US Senators Introduce Bill Targeting US Export to China's Telecom Industry

In 2014, United States telecommunication service provider T-Mobile filed a suit against Huawei for unlawful theft of trade secrets and was eventually awarded US$4.8 million in a jury trial. Huawei holds an ever-growing share of the world's smartphone market and is a frontrunner in the race to develop next-generation wireless equipment, which cr...

Read more

  • Alexandria Ocasio-Cortez to Serve on House Financial Services Committee
Alexandria Ocasio-Cortez to Serve on House Financial Services Committee

Former Gov. Scott Walker and U.S. Rep. Alexandria Ocasio-Cortez continue to butt heads, and this time the two took to Twitter to express their differences on marginal tax rates. The House Financial Services Committee oversees all elements of the sector, including banking, public and private housing, credit and insurance, real estate, public and a...

Read more

  • Passengers dealing with long lines at Hartsfield-Jackson's TSA checkpoints
Passengers dealing with long lines at Hartsfield-Jackson's TSA checkpoints

Miami International Airport made a similar move on Saturday, saying one of its checkpoints at a smaller terminal would close early each day. However, according to CNN , reports of TSA workers calling in sick due to the shutdown had already started to circulate on January 4.

Read more

  • China court sentences Canadian to death as diplomatic row deepens
China court sentences Canadian to death as diplomatic row deepens

He was arrested back in 2015 and sentenced last year to 15 years behind bars, as well as a fine of some $22,000. Beijing pays little attention to foreign countries' criticism of a Chinese court's decision to issue the death penalty for Canadian national Robert Lloyd Schellenberg, Chinese Foreign Ministry spokeswoman Hua Chunying said on Wed...

Read more

  • Amid Brexit Chaos, Theresa May's Government Survives Confidence Vote
Amid Brexit Chaos, Theresa May's Government Survives Confidence Vote

May's Brexit agreement was created to keep trade rules between the world's fifth-biggest economy and its largest export market nearly unchanged for a transition period running through the end of 2020. "After two years of failed negotiations, the House of Commons has delivered its verdict on her Brexit deal and that verdict is absolutely decisive".

Read more

  • PG&E, utility tied to California wildfires, to file for bankruptcy
PG&E, utility tied to California wildfires, to file for bankruptcy

Kelly, PG&E's chairman. The California utility owner is in touch with large banks about so-called debtor-in-possession financing that could total between $3 billion and $5 billion, though the exact figure remains in flux and could end up being higher, said the sources, who are familiar with the matter.

Read more

  • US aviation system is starting to show strains from shutdown
US aviation system is starting to show strains from shutdown

Miami International Airport is closing a terminal this weekend due to the partial government shutdown because security screeners have been calling in sick at twice the airport's normal rate. There is no indication that is happening yet. "They're erring on the side of caution". Their work is not getting done, he said . The suit also claims the...

Read more

  • Powell Says Fed Is 'Waiting and Watching' With Patience on Rates
Powell Says Fed Is 'Waiting and Watching' With Patience on Rates

The Bureau of Economic Analysis (BEA), an office under the U.S. Department of Commerce, has already stopped updating data for weeks due to the shutdown. "I don't see a recession", he told a gathering of the Economic Club of Washington . Powell also anxious about the lack of key economic statistics during the government shutdown that the Fed uses...

Read more