Business

China's Huawei reportedly targeted in U.S. criminal investigation

Huawei contended in a filing that, despite admitted wrongdoing on the part of employees, the actions did not constitute trade theft because the technology, a robotic device dubbed "tappy", was no secret. Huawei is the world's biggest producer of telecommunications equipment. She is awaiting extradition hearings to the USA while living under restrictions in her million-dollar Vancouver home.

No recession in 2019: Fed chairman

US stocks initially turned lower after Powell said the central bank is sticking with its process of shrinking its balance sheet to a more normal level, which removes stimulus put into place to revive the economy following the financial crisis and recession a decade ago.

Oil falls 1 pct on swelling USA supply, concerns on trade talks

Stock markets in Germany, France, Japan and China fell back after rising Wednesday following Trump's comment on Twitter that the talks were "going well!" Trump tweeted on Tuesday as the second day of mid-level meetings wrapped up. cars and toned down its "Made in China 2025" plan, which aimed at breaking the country's reliance on foreign technology and pull its hi-tech industries up to western levels.

Tim Cook will host meeting for all Apple employees to talk iPhone

After Apple's first revenue warning in almost 12 years, investors also dumped chipmakers and tech stocks and flocked to perceived safe havens like U.S. "It will be interesting to see how Apple shares react if there's a China trade agreement". However, the company's woes in China have been exacerbated by a court decision that could potentially ban iPhone sales in the country.

Tesla shares drop after USA price cut, production numbers

The Model 3 starts at US$35,000 but still can't be purchased for under US$45,000. With Musk having generally reigned in his own behavior and the company's Model 3 production figures much closer to weekly production targets, the alarm bells that were ringing six months ago have quieted considerably.

Sears announces more store closures, including Mall of America location

ESL said that should its bid be accepted, it expects the company to emerge from bankruptcy. Lampert and ESL have been trying to buy the rest of Sears for up to $4.6 billion in cash and stock. The 130-year old retailer set a deadline of Friday for bids for its remaining stores to avert closing down completely. Sears will now evaluate the bid to determine whether it is viable, and there remains a possibility the company could reject it, some of the sources said.

USA sets new March 2 date for China tariff rise amid talks

China also announced that they will suspend implementing tariffs on USA -made Vehicles and auto parts for three months starting Jan.1. The White House imposed a deadline of March 1 to reach a deal or move ahead with additional tariffs on Chinese goods, but President Trump has suggested in public comments that the date could be extended.

New York 'Alien Invasion' Blue Light Memes & Jokes

The New York Police Department said a transformer exploded at the utility company's facility in Astoria shortly after 9 p.m., CBS New York reports . It also prompted a brief ground stop at LaGuardia Airport . In January 2014, a transformer under Sixth Avenue in midtown blew up after being shorted out by salt and melting snow, causing some impressive (orange) flames and leading to the evacuation of a nearby building.

Markets Right Now: US stocks open lower as sellers return

He remained bullish on US companies and their prospects, insisting from the Oval Office on Tuesday: "They have record kinds of numbers". The Shanghai Composite Index rose 0.5 percent to 2,495.16 points while Tokyo's Nikkei 225 lost 0.6 percent to 19,964.54.

'Oil producers to review output cut in April'

Monday's price dip tells us two things, says PVM Oil Associates in London: "Either the 1.2 million bpd reduction in the production of the OPEC+ group is not deemed sufficient by the market, or there are other bearish factors at work".

Ex-NASA Engineer's Fart-Laced 'Glitter Bomb' Stuns Package Thieves

Glitter Bomb Trap ."The video, which was sponsored by NordVPN, has so far received more than 4 million views since being posted on December 17, 2018". Several different thieves had a massive amount of glitter and fart spray dumped all over them and their surroundings. It's a fake package that covers the thieves in glitter and a horrific odor.

California farm linked to romaine lettuce E. coli outbreak recalls more produce

Farming Inc. of Santa Maria California have been recalled. Consumers with questions about the recall can call Adam Bros. Farming in Santa Marie, Calif., is recalling cauliflower that was sold to wholesalers in 10 states, including North Carolina, because it may be contaminated with E.

[Newsmaker] Canada says second citizen 'missing' in China

Another option for the daughter of the Chinese billionaire founder of Huawei is to waive any legal challenges in Canada, hire the best lawyers she can find in the US and fight the case in the U.S. The United States alleges that Meng was personally complicit in giving untrue assurances to USA financial institutions that Huawei was not involved in evading U.S.

Theresa May survives no confidence vote, vows to ‘deliver Brexit & better future’

The SNP's Stephen Gethins urged Labour to "step up to the plate" and call a vote of no confidence in Mrs May, accusing the government of "playing games with people's lives". Solicitor general Robert Buckland, also speaking outside the meeting, said: "the party has to be prepared to give her the space to go back to the EU".

Theresa May says she won't run in next general election

The results of the vote will be announced at 9 p.m. She added: "I think markets are most concerned that the United Kingdom could leave on March 29 without a deal in place, which many people think would be damaging for the economy and when we get that sort of muse then the pound suffers".

A look at where companies stand on marijuana business

The deal also includes warrants to acquire an additional ownership interest in Cronos at a price of C$19 per share over the next four years, which could raise Altria's stake to 55 percent. "We don't plan on using the capital to build greenhouses around the world". "We'll work with them on genetics, technical assistance, taking back the product and ultimately processing it, formulating it, branding it and distributing it", he said.

Saudi Arabia doesn’t need USA permission to cut oil output - energy minister

OPEC members agreed to cut oil output on Thursday, although it's unclear by how much. OPEC members are all mentioning that production cuts will be at 1 million bpd and the market isn't liking it. A day of preliminary talks in the Austrian capital on Wednesday concluded with a panel led by Saudi Arabia and Russian Federation recommending an output reduction lasting six months, but the committee didn't discuss how big any cuts should be.

Donald Trump says China sending 'strong signals' of trade cooperation

Fears of a hotter trade war had sent financial markets tumbling in October and November. But details of what exactly the two sides have agreed to have been vague and White House aides have struggled to explain what the two countries actually agreed on.

Winning battles in the wars against fentanyl and trade with China

Washington will raise duties on Chinese goods, Beijing will increase the imports from America and the parties would meet within 90 days of the negotiations to resolve disputes in trade. "If they cancel the extra 25 percent tariff on USA -made cars, then we will see positive signs for imported cars", said director of the China Automobile Dealers Association's import committee, Wang Cun, according to Reuters .

G-20 summit begins in Argentina amid big-power tensions

Meanwhile, two men under heavy criticism from the West lately - Russian President Vladimir Putin and Saudi Crown Prince Mohammed bin Salman - appeared to seek refuge in each other, bonding with a tough-guy hand grab as the leaders sat down around a huge round table for talks.