Economy / 53

How to recycle your Christmas tree

January 01, 2019

People with real trees can drop them off at two locations. Live Christmas trees that have started to die and dry out can be extremely flammable. As a community-related fundraiser, a Hellertown business is again planning to pick up Christmas trees curbside in January and take them to the Saucon Valley Recycling Center for disposal or to a local farm to be eaten by animals.

Tesla reportedly has 3,000 Model 3s in stock at tax-credit deadline

December 31, 2018

The Model 3 has always been the linchpin in Tesla's plan to bring electric cars to the masses. The company had earlier pledged that customers who had placed orders by October 15 would not only receive their cars by year-end but full tax credits, too.

Apple Valley Kmart closing in March 2019

December 31, 2018

Sears Holdings, the parent company of both Sears and Kmart, filed for Chapter 11 bankruptcy protection in mid-October. "Its last shot at survival is a $4.6 billion proposal put forward by its chairman, Eddie Lampert , to buy the company out of bankruptcy through his hedge fund, ESL Investments", CNBC reports.

6 injured due to jet bridge 'equipment failure' at airport

December 30, 2018

In October, a jet bridge collapse in Pakistan injured one person, according to media reports. The plane arrived from Punta Cana, Domincan Republic, and at around 8 p.m. The airport says the plane has been moved and the incident has not caused further impacts to the airport's operations. The remaining passengers on the flight deplaned using the air stairs, the Southwest spokesperson said.

Computer virus prevents delivery of South Florida Sun Sentinel

December 30, 2018

The print edition of the Chicago Tribune was published Saturday without paid death notices and classified ads, while in other markets a similarly slimmed-down version of the Saturday newspaper will be delivered on Sunday. Teams from both companies were making progress against the virus , but weren't able to fix it before the newspapers went to print. The computer problem shut down a number of crucial software systems that store news stories, photographs and administrative information, and ...

USA delegation will visit Beijing in January for trade talks

December 29, 2018

The delegation will head to Beijing the week of January 7, Bloomberg reported , citing two people familiar with the matter. Top US officials who have spearheaded the trade negotiations thus far - including US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin - will, however, not be making the trip.

Volkswagen is preparing a competitor to the Land Rover Defender

December 29, 2018

We have no doubt the new Defender will be highly capable, but one of the things that made the old one so attractive was its rough-and-tumble character. "The Land Rover Defender is such a singular vehicle", said Kim McCullough , Vice President of Marketing for Jaguar Land Rover North America. As for the cabin, we expect the new Defender to be modern and luxurious like the new breed of Land Rovers .

Claim of no drones at Gatwick due to 'poor police communications'

December 29, 2018

According to Reuters at the time , the devices reappeared near the airport each time authorities attempted to reopen the runway for flights . Jason Tingley from Sussex Police told the BBC that there was no footage or photographs of the reported drones.

Rapid City Kmart to close their doors in 2019

December 29, 2018

The accompanying Sears Auto Center at Sears stores will also be closing. According to Newsweek, Sears has less than 24 hours for a bidder to save the store from complete liquidation. It could extend the deadline - or it could decide to accept defeat and begin a plan to close all of its stores and liquidate its assets. Employees, the release said, were notified of the closures Thursday.

France’s Vinci in $3.7 bln swoop on UK’s Gatwick airport

December 29, 2018

With the latest acquisition, Vinci Airports will control 46 airports in 12 countries with total traffic of 228 million passengers a year. The French group is investing despite short-term uncertainty about the impact on travel of Britain's departure from the European Union at the end of March.

Father books 6 flights to spend Christmas with flight attendant daughter

December 29, 2018

As it turned out, Hal Vaughan was particularly motivated to spend time with his daughter over the holiday - he had broken his neck earlier this year. Vaughan was flying on his daughter's staff travel benefits, and thus flew on standby throughout his journey. On Christmas Day , Pierce shared Levy's post on her own Facebook timeline.

Wells Fargo pays $575 million to settle state investigations

December 29, 2018

California, Wells Fargo's home state, will get more than a quarter of the settlement funds because of the number of customers living there. "Instead of safeguarding its customers, Wells Fargo exploited them, signing them up for products - from bank accounts to insurance - that they never wanted".

Sears at Gateway Mall one of 80 stores closing nationwide

December 28, 2018

Only then could ESL take part in an auction against liquidation bids on January 14. Sears stores and auto centers in the Richland Mall in Waco and in the Killeen Mall in Killeen will be closed in late March Sears Holdings announced Friday.

DJIA rallies over 1000 points in a strong post Christmas recovery

December 28, 2018

The Dow Jones index surged 1,086 points, or 5 per cent, to 22,878 at 4:00pm ( New York time). Investors also welcomed assurances by Kevin Hassett, chairman of the Council of Economic Advisers, that Jerome Powell's job is "100 per cent" safe .

Minimum wage delay not acceptable, NECA tells Buhari

December 28, 2018

Additionally, according to the Ohio Department of Commerce , employers are required to pay for overtime at the rate of one and one-half the employee's wage rate for time worked over 40 hours a week, unless the employer grosses less than $150,000 annually.

Amazon reports record holiday season buoyed by devices, including Echo Dot

December 28, 2018

Amazon announced a "record-breaking" holiday season with more items ordered than ever before. A week before Christmas , several of Amazon's online stores in North America and Europe sold out of various models of Alexa-powered devices, hinting at the surge in demand.

An Internet outage is affecting wireless 911 calls in Mass.

December 28, 2018

Today (Dec. 27) at 3:32 p.m., CenturyLink tweeted: "The CenturyLink network is still experiencing a disruption affecting customer services". Verizon said it had service interruptions in Albuquerque, New Mexico , and parts of Montana as a result of issues with CenturyLink.

Power plant explosion illuminates NY sky in eerie blue light

December 28, 2018

The incident cause several streets to lose power and it also caused a blackout at LaGuardia Airport. "The lights you have seen throughout the city appear to have been from a transformer explosion at a Con Ed facility in Queens". Fire officials said they were fielding numerous calls for reports of explosions in the Long Island City and Astoria areas. The MTA has power, "but there are delays on the 7 train", he tweeted .

Trump Says Now Is The Right To Buy Stocks

December 28, 2018

But Hassett told NBC that even a "few-week shutdown is not going to be something that has any kind of significant effect on the outlook" of the economy. Markets have been roiled by ongoing uncertainty in the United States , with Treasury Secretary Stephen Mnuchin berated for holding a call with the six biggest USA banks and then reporting on Twitter that the six CEOs have "ample liquidity" available.

Amazon, Flipkart face new regulations as government plans to ban online exclusives

December 28, 2018

The new rules will start on February 1 when the nationalist government of Prime Minister Narendra Modi announces its interim budget ahead of general elections due by May. But they lose out to competitors supported by the e-commerce portal both by way of equity stakes and otherwise. The official said that the Department of Industrial Policy and Promotion ( DIPP ) has not investigated any violations on its own but clarified the norms based on the information it received, it is upto the ...

President Trump may ban Huawei and ZTE with an executive order

December 28, 2018

Reuters notes that the order doesn't plan to specifically call out Huawei and ZTE and that it would "invoke the International Emergency Economic Powers Act", a law that grants the president the authority to regulate any commerce that could pose a national security threat to the U.S.

Tokyo stocks dive more than 3% on fears over U.S. economy

December 28, 2018

The Nikkei index dropped to as low as 19,149.34, down 5.04% or 1,016.85 points. The broader Topix index of all First Section issues on the Tokyo Stock Exchange, meanwhile, rose 20.80 points, or 1.47 percent, at 1,436.35. The S&P 500 plunged nearly 3 percent to end at a 20-month low on Monday. The Tokyo market was closed on Monday, December 24, for a national holiday.

Boxing Day sales: Footfall down for third year, analysts say

December 28, 2018

Some people choose to mark the occasion with some copious drinking à la St. Patrick's Day, another holiday that's been somewhat co-opted by our baser instincts. In sports, countries like the United Kingdom would have football games turned on the whole day (same as Thanksgiving Day in America). Boxing Day sounds great, but I'm American - can I still partake? Boxing Day is also a great day for hunting in the United Kingdom, with people enjoying the cool weather thanks to the winter ...

Newsflash: Dow Futures Plunge after Wednesday’s Record Stock Market Rally

December 27, 2018

Retailers were especially strong, with Amazon soaring 9.5 per cent after declaring that its notched new records in holiday sales, fuelled by "tens of millions" of new subscriptions or free trials of its Prime service. Trump nominated Powell previous year to take over the Fed, but since interest rates began rising, Trump has upped his rhetoric against Powell. All the cross-currents pushing and pulling markets have analysts along Wall Street recommending a contrasting array of strategies.

Oil plunges 6 percent as economic slowdown fears grip market

December 27, 2018

The barrel of WTI loses more than $5 last week. The measures might have to include deeper cuts seeing as the 1.2-million-bpd announced by OPEC + earlier this month failed to impress a market in turmoil. USA crude was up gained $1.79, or 4.2 percent, to $44.31. Brent crude oil futures slumped to 11 cents or 0.22 percent at $50.36 a barrel. "There are several bearish factors in oil markets, and the situation won't improve anytime soon".

Tesla set to present the new Model Y EV next March

December 26, 2018

Deliveries in Europe, Musk said , could reach "significant" levels in late February or March, possibly moderating their effect on first-quarter numbers. A man cleans a Tesla Model 3 vehicle during a media preview. It's also dramatically cheaper than a Model X, or even likely what the Model Y will end up costing.

Late surge in trading as shoppers head out on Christmas Eve

December 26, 2018

The Buffalo Wild Wings chain is not only open, but wants to give you the space to hold your own holiday party this Christmas . Albertsons and Safeway will have holiday hours again, though these will be even more limited. Many retailers have been running significant sales in the run-up to Christmas, with Debenhams offering up to 50% off some items ahead of its traditional Boxing Day sale, which starts online and in stores on December 26.

More than $600 million up for grabs in two holiday jackpots

December 26, 2018

No one has won either jackpot since October. Mega Millions winning numbers: Are you the lucky victor? But the chances of turning a $2 Mega Millions ticket into a victor, including a $2 prize simply for matching the "Mega ball", are one in 24.

Trump Voices Confidence in Fed After Reports on Firing Chair

December 26, 2018

The Nasdaq lost 2.2 percent to 6,192.92. "But other than that, I wish everybody a very Merry Christmas ", the president said as he fielded reporters' questions after talking with members of the armed forces. All 11 S&P 500 sectors finished down on the day on Monday, and all were in negative territory for the year. "The headlines we are seeing today, yesterday, over the weekend are not great", said Vinay Pande, global head of trading strategies at UBS Global Wealth Management.

Oil Producers to meet again, if output cut isn’t enough: UAE

December 26, 2018

Opec has lately been co-operating closely with Russian Federation and other non-group producers, in a bid to impose greater control over global output and prices. In addition, The U.S. Energy Information Administration (EIA) data showed Thursday that crude oil production in the country rose by 7,000 barrels per day (bpd) last week, to around 11.6 million bpd for the week ending December 14, according to the EIA.

Retailers pin hopes on Christmas shoppers out for Super Saturday

December 25, 2018

BATON ROUGE- With Santa Claus just about ready to hit the skies, shoppers are just about to finish with their last-minute holiday shopping. The last Saturday before Christmas is increasingly becoming known as Super Saturday within the retail industry.

Fed hikes interest rates, slows future tightening path

December 25, 2018

While economic conditions have not "changed enough yet to cause a dramatic slowing in growth" of the U.S. economy, "Fed officials are widely expected to deliver a 'dovish hike, '" Jim O'Sullivan of High-Frequency Economics said. However, Powell characterized the shift as moving toward only "modestly" lower growth projections than previous estimates. In its updated outlook, the Fed lowered its forecast for growth next year to 2.3 per cent from the 2.5 per cent it foresaw three months ago.

Is Target open on Christmas Eve 2018?

December 25, 2018

Some restaurants may have adjusted hours for Christmas Eve and Christmas Day , so be sure to check the hours for your local location. Locations will be open normal hours Christmas Eve and will be closed Christmas Day . Beer Stores will close at 6 p.m. on Christmas Eve , and will also be closed on Christmas Day . As the race to the Christmas finish line comes to a close, anyone looking for a quick Target run on Christmas Eve best head to their local store early.

Christmas 2018: What's open and closed?

December 25, 2018

The company warned that individual store hours may vary, so call your local branch to confirm hours. Trader Joe's: Trader Joe's is open until 6 p.m. CVS pharmacies are typically open 24 hours a day, but may not be following those schedules during the holidays. Kohl's: Kohl's is open until 6 p.m.

Christmas opening times for Tesco, Sainsbury’s, Lidl and Aldi 2018

December 25, 2018

Be sure to click on the link to check your store locator to be sure. The Main Tavern is open regular hours from 11 a.m.to 1 a.m. on both Christmas Eve and Day, and will offer a complimentary dessert buffet starting at 4 p.m. Macy's will stay open until 6 p.m. on Christmas Eve . Calgary Transit will operate on a Sunday level of service for trains and buses on Christmas Eve and Boxing Day .

Thousands remain without power across BC's south coast

December 25, 2018

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. "I know people want to have a look around their community, but please respect the lines that are up, the barricades that are up". The city's iconic pier remains badly damaged and could take months and millions of dollars to fix.

United Kingdom police free 2 drone suspects in Gatwick travel chaos

December 24, 2018

Thousands of people who had meant to fly out from the second busiest airport in the United Kingdom were affected after hundreds of flights were cancelled due to the drone disruption. "There's not been anything like this anywhere in the world", he said. Several conspiracy theories are flying around (like, say, a drone at an airport) including tales of government cover-ups and theories that the government is "wargaming" what would happen if flights were grounded due to Brexit going through ...

Oil Prices Drop To One-Year Low As Supplies Remain High

December 24, 2018

In the report entitled: Updates on Crude Movements among Oil Producing Countries , said United States would maintain its leadership position for some time in the event that the country is able to sustain its crude oil production. Since crude oil trade is mostly done with US dollars, and crude future trading instrument prices are denominated in dollars, an appreciation of the USA dollar against other currencies makes oil more expensive for the rest of the world.

Jennie-O recalls raw ground turkey products over possible salmonella

December 24, 2018

The Faribault, Minnesota, company's products being recalled have markings that direct customers to use or freeze the products by November 12 or November 13. The Public Health Agency of Canada is collaborating with provincial public health partners, the Canadian Food Inspection Agency and Health Canada to investigate an outbreak of Salmonella infections.

What's open and closed on Christmas and Boxing Day in Ottawa

December 23, 2018

Federal offices will be closed on Christmas Eve whether there's a government shut down or not because President Donald Trump signed an executive order giving government workers the day off and canceling mail delivery. Is the post office still open on Christmas Eve? If a collection does not occur on the scheduled day during this period, the materials should be left out until collection occurs.

USA government partially shutdown Saturday ahead of Christmas holiday

December 23, 2018

Nine of 15 Cabinet-level departments and dozens of agencies would face a lapse in funding, including the departments of Homeland Security , Transportation, Interior, Agriculture and State and Justice , as well as national parks and forests.

How major United States stock indexes fared Friday

December 23, 2018

On Wednesday, the Fed announced it would be lifting the federal funds rate - which is a lever of sorts for manipulating interest rates across the American market - a quarter of a point from 2.25 percent to 2.50 percent. The NASDAQ Composite , while flirting with bear market territory earlier in the session, also finished at its lowest since October 2017. On Friday the price of USA crude slipped 0.6 percent to $45.59 a barrel in NY.

This Booby-Trapped Package Is a Porch Pirate’s Worst Nightmare

December 22, 2018

The glitter bomb is hidden inside the packaging of an Apple HomePod speaker, which is wrapped in clear cellophane and left on a person's porch. A GPS system built into the circuit board then checks whether the box has been moved from its original location, and if it has, it wakes the phones up so that they can begin recording.

Facebook to Develop Cryptocurrency for Whatsapp, Sources Say

December 22, 2018

If Facebook is developing a cryptocurrency and launches it in the near future, it would also be the first big tech company to do so, essentially giving Facebook a unique advantage over the market. "We don't have anything further to share", a company spokesman said in a statement to Bloomberg . As you might have guessed, the concept of a stablecoin isn't new and somewhat questionable.

Shutdown Means TSA Agents Could Work Busy Holidays With No Pay

December 22, 2018

Big Cypress National Preserve and Everglades National Park confirmed visitors will be able to enter the parks, but the visitor centers will not be staffed, and the public restrooms will be closed. An additional 380,000 would be furloughed - meaning sent home without pay - the committee estimates. That isn't guaranteed this time, though. Unlike many other federal workers , your local mailman will continue to get paid during the shutdown.

GST Council: Full List Of Rate Cuts

December 22, 2018

V Narayanasamy, Puducherry Chief Minister, said, " 33 items have come down from 18 per cent to 12 per cent and 5 per cent as they are common man's consumption goods. Divyesh Lapsiwala, Tax Partner, EY said this GST rate cut should reduce the premium and possibly increase penetration given that some of the goods carriers may not be registered, and therefore GST would be a cost to them.

Ford Kennel Prototype Cancels Out Noise, Looks Super Cool

December 22, 2018

The high-tech kennel has external microphones that absorb the loud noises and a sound system that technically opposes the noise. The company has crafted a noise-cancelling kennel so that Rover and Fido don't have to get scared by the fireworks over New Year.

Ford recalls more than 410,000 pickup trucks due to possible fire risk

December 22, 2018

The company says in documents posted December 21 on the U.S. National Highway Traffic Safety Administration website that water and contaminants can get into the heater cable and cause corrosion. Ford dealers will inspect the engine block heater cable and replace it if necessary. Ford has gotten reports of three fires related to the cable splice connector, with once incident causing minor damage.

Japan prosecutors re-arrest Carlos Ghosn on new allegations

December 22, 2018

And in another unexpected development, Ghosn was arrested Friday on suspicion of transferring losses from personal financial investments to Nissan, causing damage to the company's assets, according to a statement from prosecutors. Ghosn also had Nissan deposit a total of US$14.7 million into a bank account for himself and another person who assisted with the contract manipulation in breach of the company's trust, prosecutors said.

Mnuchin says market's negative reaction to Fed 'overblown'

December 22, 2018

All major indices closed at fresh lows for the year as the tech-weighted Nasdaq shed 1.6 percent to close near bear-market territory - a dubious distinction marking a 20 percent drop below a previous high - due to the end of the easy-money era.