Economy

How to watch FINAL DAY of impeachment trial live online

February 06, 2020

Rather, Trump's speech, coming one night after Democratic voters began choosing their presidential nominee, will be the sounding gun for the march toward Election Day in November. "If I was writing the speech or delivering it, I wouldn't include it, but I'm doing neither of those two things, and Donald Trump has been very successful being Donald Trump", Sen.

The US trade deficit decreased 1.7% past year to $ 616.8 billion

February 05, 2020

President Donald Trump , who has dubbed himself "the tariff man", has pledged to shrink the deficit by shutting out more unfairly traded imports and renegotiating free trade agreements. The deficit with the European Union also reached an all-time high of $177.9 billion. Trade added nearly 1.5 percentage points to GDP growth in the fourth quarter, exceeding the 1.20 percentage points contribution from consumer spending, which accounts for more than two-thirds of USA economic activity.

Trump appears to snub Pelosi when she tried to shake his hand

February 05, 2020

Pelosi remained seated during most of the address. After the president concluded his almost 90-minute address, Pelosi ripped up the paper copy of his speech she had in front of her with a pointed flourish. The speaker led House Democrats in impeaching Trump last month on charges he abused power and obstructed Congress in the Ukraine matter. Minutes after the speech had concluded, and Pelosi had made a display of ripping it up, the House Speaker returned to the handshake.

China coronavirus outbreak: All the latest updates

February 05, 2020

Central China's Hubei Province reported 3,156 new confirmed cases of novel coronavirus infection and 65 new deaths on Tuesday, local health authorities said Wednesday. U.S. Health and Human Services Secretary Alex Azar said he hoped China would accept an offer from the United States and the WHO to send epidemiological experts to China.

Chinese Central Bank to Pump Billions Into Markets Amid Coronavirus Fears

February 05, 2020

China's central bank will inject 500 billion yuan ($71.22 billion) through open market operations on Tuesday, traders said, after an injection of 1.2 trillion yuan a day earlier. Economists have warned that the outbreak will add to downside risks for China's economy in the first half of this year. Do not miss out on the latest news.

First death from coronavirus outside of China confirmed

February 05, 2020

As of Sunday, 16 foreigners in China had been diagnosed with the novel coronavirus pneumonia, of whom two have been discharged from the hospital, Hua said. The WHO has said the outbreak does not yet constitute a "pandemic". In Beijing, the Xiaotangshan Hospital built in 2003 for SARS is being renovated by construction workers.

State of the Union address: Trump snubs Nancy Pelosi's handshake

February 05, 2020

Chants of "four more years" broke out from GOP lawmakers and other supporters who were there to cheer on the president. "But Jim [Jordan] is exactly right. The survival of a child born at 21 weeks. "A service member's reunion with his family ", the White House said in a tweet. Sen. Joe Manchin, D-W.V., told Fox News that Trump's speech was "rough" in parts.

Korean woman tests positive for coronavirus after Thailand visit

February 05, 2020

The 18th case is a 21-year-old South Korean woman and the daughter of the 16th patient, who had returned from a trip to Thailand on January 19 but moved freely for around two weeks before being diagnosed with the virus. On Friday, Thai officials confirmed its first case of person-to-person transmission in a taxi driver, according to Reuters . "The situation doesn't look good", she said.

AAA: Florida is Seeing Lower Gas Prices at the Start of February

February 05, 2020

The West Palm Beach-Boca Raton area had the most expensive gas in Florida with an average of $2.53 a gallon followed by Miami at $2.47 and the Sebastian-Vero Beach market at $2.45. "When combined with higher stock levels, pump prices usually decrease in response". Today's national average is 11 cents less than this time last month, but 22 cents more expensive than previous year.

Novel coronavirus cases surpass 20,000 in China

February 05, 2020

The latest figures are up from 361 deaths and 17,205 confirmed cases on Monday. Xi presided over a special meeting of the top Communist Party body for the second time since the crisis started, telling the Politburo standing committee on Monday the country must race against time to curb the spread of the virus.

Earth Fare closing stores including 2 in Palm Beach County

February 04, 2020

In addition to the three in Northeast Ohio, there were stories in Fort Wayne, Indiana, and Kalamazoo, Michigan. Earth Fare is backed by the private equity firm Oak Hill Capital. The company will begin selling a variety of merchandise with significant price reductions as part of the inventory liquidation process. "We encourage shoppers to visit their nearby location now and take advantage of these savings before it's too late", the release states.

Boris Johnson, Michel Barnier talk tough on trade

February 04, 2020

Trade talks between Britain and the European Union are due to begin in March and the bloc's own approach to the negotiations needs to be agreed by all 27 member states. ensured through robust commitments". If the British request is "for access to 450 million consumers, zero tariffs. zero quotas, that won't happen for nothing and without conditions", Mr.

Macao leader asks casinos to shut over virus fears

February 04, 2020

It follows seven confirmed outbreaks in Macau of the new 2019-nCoV Coronavirus , a strain similar to the SARS virus that claimed hundreds of lives a decade and a half ago. Gambling has been permitted in Macau since the 1850s when it was legalised by the Portugese government. Reportedly, the number of Macau visitors has suffered a sharp 80% decline in the past week.

Hong Kong records first virus death

February 04, 2020

Chinese scientists said they have more evidence the virus originated in bats. Sources told PA news agency the United Kingdom would continue to follow the advice of the World Health Organisation (WHO), which does not advocate such bans. Leading Chinese epidemiologist Zhong Nanshan said additional hospital space was crucial to stopping the spread of new infections. One man, Fang Bin, said he saw wards so crowded during a visit to the city's No.

China oil demand has plunged 20% because of the virus lockdown

February 04, 2020

Both energy components were down more than 20 percent from their January 6 peaks and would need to close below $55.21 and $50.61 to remain in bear market territory. China is the world's largest oil importer, after surpassing the United States in 2016, so any change in consumption has an outsize impact on the global energy market.

AirAsia CEO Tony Fernandes steps aside amid Airbus bribery allegations

February 04, 2020

At the same time, regulators Malaysian Aviation Commission and Securities Commission Malaysia as well as enforcement agency Malaysian Anti-Corruption Commission have launched independent investigations into the scandal. The SFO said on Friday that between October 2013 and January 2015, EADS paid $50 million to sponsor a sports team which was jointly owned by two people described as AirAsia Executive 1 and Executive 2.

Second person-to-person coronavirus transmission reported in US, CDC says

February 04, 2020

Across the USA, 167 people have tested negative for the virus, while tests are pending for 82 others, the CDC said. However, with the death toll surging in Wuhan and elsewhere in Hubei province, it was not immediately clear what overall impact the hospitals would have on the virus spreading elsewhere.

Stocks Cut Gains on Virus Fears

February 04, 2020

But calm returned after Monday's 8% plunge in Shanghai, despite news that the number of people infected by the virus from China has risen to more than 20,000. Prices for the 10-Year U.S. Treasury gave back earlier gains, lowering yields to 1.52% closer to Friday's 1.51%. "We expect a tough talk in the opening rounds of the Brexit talks", Mr.

China reports 64 new coronavirus deaths, total at 425

February 04, 2020

What else did China say? In a news briefing on Monday, Chinese foreign ministry spokesperson Hua Chunying said the United States actions "could only create and spread fear" instead of offering assistance - saying it was the first country to impose a travel ban on Chinese travellers and the first to suggest a partial withdrawal of its embassy staff.

Pound falls on fears of 'bare bones' European Union trade deal

February 04, 2020

Johnson said he would not do that, in a speech that harked back to Britain's past trading successes, promising that his government would again be a champion of free trade and jealously guard his country's new-found "sovereignty". He said that sharing security information and arrest warrants would also be on the agenda during negotiations with the UK. The prime minister is likely to set out his vision of a Canada-style free trade agreement, with hopes of no tariffs or quotas on trade in goods.

Ryanair posts €88m quarterly profits but Boeing MAX delays frustrate

February 04, 2020

The Irish carrier, which operates more than 30 routes out of Liverpool Lennon Airport, saw quarterly profits rise to €88m, a big turnaround from a €66m loss in the same period in 2018. Passenger numbers were 6% higher at 35.9m and the load factor - which gauges how full the planes are - ticked up to 96% from 95%. Ryanair is one of the biggest customers of the MAX, with 210 now on order.

First Drug Treatment for Peanut Allergy Receives FDA Approval

February 04, 2020

Palforzia can not be used for the emergency treatment of allergic reactions , including anaphylaxis. The Food and Drug Administration has approved the first treatment for children with peanut allergies . At the start of the study, the equivalent of one-third of a peanut kernel triggered an allergic reaction in Noah. The results showed that 67.2% of Palforzia recipients tolerated a 600 mg dose of peanut protein in the challenge, compared to 4.0% of placebo recipients.

Over 17,400 Infected, 362 Dead And 11 Confirmed Cases In US

February 04, 2020

The outlook is bleak not just for China , which could lose more than 1 percent of GDP due to the shutdown of business and manufacturing activity, but for other Asian countries that have become more dependent on Chinese consumption since the SARS outbreak in 2003, said Innes.

Stocks open higher on Wall Street; China's main market dives

February 03, 2020

Visa Inc V.N fell 4.44% after its quarterly revenue missed estimates and the payments network warned of incentives hitting 2020 results. The Dow Jones Industrial Average rose 184.83 points, or 0.65%, to 28,440.86. The outbreak is threatening China's economy as much of the nation shuts down. Shares were mostly lower in Asia after the World Health Organization declared the pandemic a global emergency.

WeWork names real estate veteran Sandeep Mathrani its new ceo

February 03, 2020

They announced in early December a year ago that Mathrani would be leaving and that his last working day would be January 31, 2020. A WeWork work space. Mr. Mathrani , previously chief executive of Brookfield Property Partners' retail group, replaces Artie Minson and Sebastian Gunningham , who have served as co-CEOs of We Co.

‘Angels’ suffered in culture of misogyny

February 03, 2020

However, a conviction report recently published by The New York Times suggests that they are suffering behind the scenes due to the culture of "misogyny, intimidation and harassment" in the popular lingerie company and the fashion show giant.

Manufacturing Growth In India Picks In January; PMI Hits 8-Year High

February 03, 2020

Outbreak raises risk of shock to economy, more stimulus expected. Export orders and employment slip back into contraction. ZANYATOSTI January, the Russian manufacturers continued to cut jobs, but the rate of contraction was only slight.

Jeff Bezos sued for defamation by girlfriend Lauren Sanchez's brother

February 03, 2020

Sanchez is seeking unspecified damages over those allegedly false statements, which he claims spurred an Federal Bureau of Investigation raid at his house, caused professional problems for him, and damaged his relationship with family members.

Juul forces tobacco giant Altria to take $4.1B write-down

February 03, 2020

Altria invested $12.8 billion in Juul in December 2018 in an attempt to expand sales beyond traditional cigarettes as smoking rates decline, according to a CNBC report . The new agreement also allows Altria to develop its own vaping products if Juul is prohibited from selling e-cigarettes in the U.S. for at least a year.

Hong Kong union calls strike to demand China border closure

February 03, 2020

Meanwhile, infectious diseases expert Professor Yuen Kwok-yung warned that if a current case in Hong Kong was proved to be a local transmission, it would be a very risky sign for the city. About 100 people rallied in the heart of Hong Kong's financial district in support of the health workers" union, with some holding banners saying: "Close Borders, Contain Epidemics'.

USA stock futures rise while Chinese stocks slump amid coronavirus fears

February 03, 2020

Investors erased $393 billion from China's benchmark stock index on Monday, sold the yuan and dumped commodities as fears about the spreading coronavirus and its economic impact drove selling on the first day of trade in China since the Lunar New Year.

Death toll in coronavirus rises to 361 as man dies in Philippines

February 03, 2020

The Philippine Department of Health said a 44-year-old Chinese man from Wuhan , the epicenter of the outbreak in central China , was admitted on January 25 after experiencing fever, cough and sore throat. Non-essential sectors will be allowed flexibility in returning to production. This is the highest tally for any province in China after ground-zero Hubei.

Chinese markets tumble on coronavirus fears

February 03, 2020

The Shanghai Composite index shed 8% to hit one-year low on Monday, wiping nearly $370 billion off the market value, according to Reuters calculations. "That said, we still believe that economic activities should recover swiftly once the number of new cases comes under control, and subsequently market sentiment should also improve".

Budget 2020: MSME Ministry allocated Rs 7,572 crore

February 03, 2020

It, therefore, means that less than 10 per cent of taxpayers claimed deduction more than Rs 2 lakh, they said. If they choose to file income tax as per the old tax regime, they will be able to claim rebates but will have to pay more taxes. "Those who wish to come into the new one are welcome to do so". For those earning up to Rs 15 L and willing to forego exemptions and deductions, FM introduces reduced income tax rateThe government on Saturday introduced new tax slabs with reduced rates for ...

How major USA stock indexes fared Tuesday

February 02, 2020

Hong Kong's Hang Seng dropped 2.8 percent after its markets reopened from Lunar New Year holidays. Earnings expectations have been slowly improving for S&P 500 companies, with Refinitiv data showing a 0.7 percent rise in fourth-quarter profit, compared with a 0.6 percent decline estimated at the start of the season.

Coronavirus deaths top 300 in mainland China

February 02, 2020

Of the seven confirmed cases of 2019-nCoV in the US, all of the patients had traveled to China recently, except for a man in Chicago who contracted the virus from his wife after she visited China. It is reported that 2,110 patients are in serious condition. She's the second case in the Philippines. From February 1, the Federal Government expanded the case definition for the novel coronavirus infection , which previously applied to people from the Hubei Province.

Outbreak: Dow Drops 600 Points on Fears of Coronavirus and Global Growth

February 02, 2020

The S&P 500 posted 33 new 52-week highs and 12 new lows; the Nasdaq Composite recorded 54 new highs and 121 new lows. The number of people sickened by the new coronavirus in China now exceeds the global total infected with severe acute respiratory syndrome, or SARS, which killed almost 800 people after emerging from southern China in late 2002 and spreading into 2003.

Union Budget: India's largest financial institution, LIC, to be publicly listed

February 02, 2020

Public share issuance allows a company to raise capital from public investors. This year's disinvestment target has two components - Rs 120,000 crore from disinvestment receipts and Rs 90,000 crore from disinvestment of PSU banks and financial institutions.

Northern Rail brought back under government control

February 02, 2020

But today's welcome move by ministers is only the start of fixing the North's railways. We just need a capital investment of between £20m and £30m to secure the rolling stock, improve the railway platforms and transform the crossings and, if necessary, sound proofing at one or two points along the track.

China flies citizens home to virus-hit Wuhan

February 01, 2020

The risk of contracting the coronavirus is the U.S.is low - something that federal health administration officials emphasized repeatedly during a White House meeting. The government said they would be quarantined in a nearby city, Manesar. More than 300 Indians arrived in Delhi on Saturday after they were evacuated from Wuhan .

2.1% GDP Report Offers Support for Bulls and Bears Alike

February 01, 2020

Growth is, nevertheless, slowing as the stimulus faded from the White House and Republicans' enormous tax cuts two years ago, a package President Donald Trump had predicted would boost growth persistently above 3%. The GDP report included more evidence that the USA was plagued by an investment recession as well as a manufacturing one past year. Many economists saw Trump's decision to lower trade tensions by signing a Phase 1 agreement with China as key to lowering the risk of a recession ...

GM reviving Hummer brand with 1,000-horsepower electric truck

February 01, 2020

Promising a "Quiet Revolution", the new GMC truck will pair the classic name with an all-new electric drivetrain that will have enough power to take on the Tesla Cybertruck . Hummer is back! With the electric truck scene heating up in the US, General Motors has decided that it's the right time to revive its macho truck brand and turn it into an EV .

Finance Minister Nirmala Sitharaman to present Budget 2020 at 11 am

February 01, 2020

Sitharaman is also expected to announce measures to restore economic growth and to set out a clear road map for achieving the ambitious target of a $5 trillion economy by 2025. After that, the finance minister will meet the President and then leave for the parliament to table the Union Budget at around 11 am. Explaining the current situation in the country, PM Narendra Modi's former chief economic advisor, Arvind Subramanian wrote, "India is facing a great slowdown", while former RBI ...

Economic Survey 2020 projects GDP growth at 6-6.5% in FY21

February 01, 2020

Earlier in the day, Finance Minister Nirmala Sitharaman tabled the economic survey 2020. The Economic Survey reviews the developments in the economy over the past financial year, highlights the policy initiatives of the government and economic prospects in the short and medium terms.

Bank of England keeps main interest rate unchanged at 0.75%

January 31, 2020

The British central bank will assess the economy's near standstill in late 2019, against early signs that Prime Minister Boris Johnson's emphatic victory in December's election has boosted confidence, at least for now. Two policymakers, Michael Saunders and Jonathan Haskel, have been voting for a rate cut since November. The minutes showed that the majority of rate-setters think United Kingdom growth will pick up a tad in 2020, supported by a more stable global economy, a further decline in ...

Unilever considers unloading Lipton tea as consumers favor cold sparkling varieties

January 31, 2020

Black tea comprises two-thirds of Unilever's tea segment , which generates $3.3 billion in yearly sales globally for Unilever, however, sales have dropped in developed markets in recent years due to changing consumer preferences, the company told analysts on a conference call Thursday.

India's gold demand seen at 700-800 tons in 2020

January 31, 2020

The council said India's gold demand will be in the range of 700-800 tonnes in 2020 from 690 tonnes in 2019. Mumbai, Jan 30 (SocialNews.XYZ) Indias gold demand was 9 per cent lower in 2019, at 690 tonne, primarily owing to the sharp surge in prices, however, it is expected to rebound in 2020, the World Gold Council (WGC) said on Thursday.

Donald Trump Signs New U.S.-Mexico-Canada Agreement

January 31, 2020

Under the new agreement, he said USA goods will have more access and promotion in the other markets. U.S. President Donald Trump signed a trade deal Wednesday that replaces 1994's North American Free Trade Agreement . Still, milk producers in Canada are better organized than those here, and while they have agreed to "open the door" to allow more USA dairy into their market, "they're going to be cautious about opening the door completely", the dairyman added.

Crude oil prices fall as coronavirus death toll climbs, U.S. inventories grow

January 31, 2020

In the Reference case, US crude oil production reaches 14.0 million barrels per day by 2022 and remains near this level through 2045 as tight oil development moves into less productive areas and well productivity declines. Futures for the precious metal were up 0.414 percent to $1,576.90 per barrel. Any fallout of the China virus on oil demand is likely to be clearer over the coming week, the source said .

Coronavirus outbreak is 'public health emergency of global concern,' WHO declares

January 31, 2020

A woman, who declined to give her name, wears a mask, January 30, 2020, in NY. While a travel ban would seem to be the most practical response to containing the virus, Forbes' contributor Will Horton points out the difficulties of stopping travelers who pass through other cities while traveling between China and the United States.

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