Business

Oil falls to lowest price in 12 months

OPEC + is considering cutting oil output by more than the 1 million barrels a day Saudi Arabia proposed earlier this week, according to people familiar with the matter. At the same time, supply has been surging amid a massive increase in U.S crude oil production. The producer group said growth in supplies from non-OPEC countries would outpace growth in demand, "leading to widening excess supply in the market".

Three states vote to legalize marijuana in midterm election

A similar measure was defeated in North Dakota , meaning there are now 10 states - including Colorado, which was the first - that allow recreational use of pot. Canada last month became the first industrialized country to legalize recreational cannabis. As of early Wednesday morning, 67 percent of voters had approved the proposal.

Amazon Offers Free Shipping on All Orders for the Holidays

Prime members live in an area served by the company's expanding same-day Prime Now delivery service. As part of the promotion, the online retailer is waiving the $25 purchase minimum for non-Prime members starting Monday. Amazon Prime members will receive a number of handy benefits during the Black Friday Sale. Like previous years, Amazon UK will offer 'Deals of the Day' every day throughout the period across the site along with 'Lightning Deals' - products available at a ...

Global markets misery as Dow Jones' 2018 gains are erased

Several companies sustained heavy drops after reporting disappointing quarterly results. Another torrent of selling gripped Wall Street Wednesday, sending the Dow Jones Industrial Average plummeting more than 600 points and extending a losing streak for the benchmark S&P 500 index to a sixth day.

China Mints Two Billionaires a Week

A burgeoning tech industry and startup culture that's poised to challenge Silicon Valley has been the engine for much of China's wealth creation, according to the report , which noted that China produced nearly three times as many self-made billionaires as the USA past year.

Updates to Tesla Model Y and ride-share plans

However the massive burn rate Tesla suffered in 2017 and early 2018 was a temporary situation associated with the ramp-up of Model 3 production. Electric auto maker Tesla on Wednesday reported an "historic" quarterly profit driven by demand for its mass market Model 3, as the company looks beyond its U.S.

Single winning ticket sold in United States lottery just shy of world record

States receive a percentage of lottery ticket sales and then use the money to support public schools or meet other needs. The buyer of the ticket beat the odds of 1 in 303 million to win the Mega Millions drawing for one of the largest jackpots in United States history.

Saudi crown prince may be behind Khashoggi death: Donald Trump

Trump has repeatedly declined to say if Crown Prince Mohammed bin Salman was behind or aware of the killing as many USA officials and foreign governments have concluded, in part because numerous crown prince's associates were involved in the killing.

A Mega Millions winners means big tax revenue, too

Mega Millions now marks the largest lottery prize in the history of the United States. The previous record was a US$1.586 billion jackpot for a Powerball drawing in 2016. "Even though the odds are against me, I still have that one hopeful chance, not going to lie", says James Howard, student at Truckee Meadows Community College.

Oil dips as Saudi Arabia pledges to play 'responsible role' in market

Riyadh's changing accounts of what happened to Khashoggi , an insider turned critic of the government, have run into increasing western scepticism, with even firm ally US President Donald Trump saying the government had lied about what happened.

Italy brushes off downgrade as it plans European Union budget response

The standoff has flared up today, with several EU leaders openly criticising the Italian government over its austerity-busting budget , which contravenes European Commission rules imposed on deficits . Moody's said the Italian government's budget plans are raising concern over the sustainability of its national debt. "We'll explain", she said his deputy Prime minister , Luigi Di Maio , a leader of the Movement 5 stars (M5S, antisystème), while hammering: "there is no willingness to ...

The Debate - Missing Saudi Journalist

The death of Khashoggi has evoked widespread condemnation from governments and has seen many world leaders, multinational companies and foreign media operations pull out of the upcoming Future of Investment conference the country is hosting.

Pompeo stresses long-term strategic relationship with Saudi Arabia

This is the last piece of his I will edit for The Post ", she wrote. Turkish crime scene teams were seen leaving the consulate early on Thursday morning. Khashoggi and do so in a timely fashion and that the report itself will be transparent". In an interview with The Associated Press on Tuesday, Trump compared the case of Khashoggi to the allegations of sexual assault leveled against Supreme Court nominee Brett Kavanaugh during his confirmation hearing.

Musk settlement with SEC over tweets approved by US Judge

Funding secured , " Musk said in the tweet . He agreed to step down as chairman of the company , and he and Tesla must now pay $20m in fines within 14 days. The settlement has been approved by U.S. District Judge Alison Nathan in Manhattan. Musk replied to a Financial Times tweet without elaborating.

Netflix eases Wall Street worries with record quarter

Further, it issued aggressive guidance for Q4 2018, saying it expected an additional 9.4 million subscribers. Subscriber additions: 7 million total. "We don't believe in 'open-ended growth stories.' But, darn, (Netflix) is about as close to one as you can find in today's market", RBC analyst Mark Mahaney said in a note.

Turkey, Saudi leaders hold phone talk on missing journalist

This time, however, it acknowledged for the first time that Saudi Arabia was accused of killing Mr Khashoggi . Later at the White House, he reiterated that there would be "powerful consequences" for Saudi Arabia. Prince Khaled al-Faisal, a senior member of Saudi Arabia's ruling family and senior adviser to King Salman , has met with Erdogan to discuss Khashoggi's disappearance, two sources with knowledge of the matter told Reuters without providing details.

International Monetary Fund slashes global growth forecasts

The ongoing trade war between the US and China could start having material effects on the economies of both countries within the coming years, according to new projections from the International Monetary Fund (IMF). Not only have some downside risks that the last World Economic Outlook identified been realised, the likelihood of further negative shocks to our growth forecast has risen.

Michael strengthens into a hurricane, menaces Florida

They cited outside crews, unfamiliar with the city-owned utility system, could present "safety" issues, according to a report from Politico Florida's Matt Dixon published on September 7, 2016. The storm was centered about 50 miles (80 kilometers) off the western tip of Cuba, and about 140 miles (220 kilometers) east-northeast of Cozumel, Mexico .

'Austerity is over': spending on public services to rise, says May

And following Boris Johnson's rallying cry to chuck May's Chequers Brexit deal, she was under the compulsion, more than ever, to unite a warring party, a warring Parliament and a warring country. But Wednesday's speech seemed to have gone down well among the party faithful. The Prime Minister referred to the National Health Service 14 times, compared with 11 direct mentions of Brexit .

European Union trade chief defends Freeland after Trump trash-talks 'Canada's negotiator'

Trump said he was very unhappy with "the negotiations and negotiating style of Canada", and that he turned down a recent one-on-one with Trudeau because Canadian tariffs are too high. -Mexico deal. The U.S. president stayed seated as he extended his hand for a cursory handshake. He lauded U.S. Trade Representative Bob Lighthizer's negotiating then turned back to Canada.