Business

China retailers slash iPhone prices

China retailers slash iPhone prices The company has had a troubling 2018 because of the dwindling iPhone sales in China and other markets. The XR has struggled to take off since it was launched in October a year ago. The line-up consists of three smartphones - iPhone XS, iPhone XS Max , and iPhone XR. The new iPhones will succeed the XR model that has shown sluggish demand, which according to Apple was due to weak sales in ... [Full Article...]

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade

Apple Shares Tumble After CEO Tim Cook Issues Revenue Downgrade In a letter to investors, the company said it revised down its revenue for the quarter to $84 billion from the range of $89 billion to $93 billion it had provided on November 1. China's smartphone market has been down 6% year-over-year in the third quarter of 2018 and is expected to drop by 3% in the fourth quarter of 2018, according to IDC. [Full Article...]

Anderson Cooper Roasted on Twitter After Condescending Interview With Alexandria Ocasio-Cortez

Anderson Cooper Roasted on Twitter After Condescending Interview With Alexandria Ocasio-Cortez The top marginal tax rate is now 37 percent, following President Donald Trump's fiscal reforms. On Trump and racism:"The president certainly didn't invent racism". Representative Alexandria Ocasio-Cortez, Democrat of NY, leaves a photo opportunity with the female Democratic members of the 116th US House of Representatives outside the US Capitol in Washington , D.C., on January 4, 2019 . [Full Article...]

Tax refunds could be delayed due to government shutdown

Tax refunds could be delayed due to government shutdown Currently, the IRS is operating with a skeleton staff although they are expected to add personnel for the impending tax filing season. However, it can't run audits, answer off-season taxpayer questions, or allocate refunds. He also noted that another problem for taxpayers is that as the shutdown continues, mortgage lenders will be unable to obtain tax transcripts to verify income for loan. [Full Article...]

Apple plunges most in nearly six years on IPhone slump

Apple plunges most in nearly six years on IPhone slump That's rocked the stock markets, and stoked fears of a slowing Chinese economy. US shares fell after Apple CEO Tim Cook told shareholders after markets closed Wednesday that Chinese iPhone sales were slipping. "We believe the economic environment in China has been further impacted by rising trade tensions with the United States", he wrote . Universal Display Corp. [Full Article...]

Tesla sinks as price cuts signal a ceiling for costlier models

Tesla sinks as price cuts signal a ceiling for costlier models Tesla also produced a total of 25,161 Model S and X, which is consistent with its long-term run rate of around 100,000 units per year. Tesla announced today that it is now dropping the price of that particular Model 3 by $2,000, bringing it to $44,000. [Full Article...]

Numbers Drawn For $425 Million Mega Millions Jackpot

Numbers Drawn For $425 Million Mega Millions Jackpot Mega Millions says that the cash option for this jackpot is $254.6 million. The winning numbers were: 34, 44, 57, 62, 70 and Mega number 14. The jackpot has been rolling since October, when a $1.5 billion prize was drawn in SC. A victor has claimed the jackpot on New Year's Day only once before, in 2008. How about starting 2019 with an infusion of $425 million? The other three second-pr... [Full Article...]

'Partial equipment failure' involving Jet bridge at Baltimore airport leaves 6 injured

'Partial equipment failure' involving Jet bridge at Baltimore airport leaves 6 injured Multiple emergency services personnel responded to the scene, transporting at least six people to area hospitals with non-life-threatening injuries. It is not yet clear whether the six who were injured were passengers, first responders or airline employees. [Full Article...]

Origin of virus that hobbled newspapers still unclear

Origin of virus that hobbled newspapers still unclear Tribune Publishing spokeswoman Marisa Kollias said the attack effected "newspapers across our properties". The attack didn't compromise any subscribers, internet users or advertisers, Tribune said. "We apologize to our customers for this inconvenience", the L.A. Times said in a statement published in an article about the malware . The problems stemming from the Cyberattack were first d... [Full Article...]

Wells Fargo agrees to pay $575 million in settlement

Wells Fargo agrees to pay $575 million in settlement The attorney general's office stated that Wells Fargo entered into the settlement over alleged unfair and deceptive trade practices. "As the fiscal agent for the state, and a provider of banking services to thousands of New Mexicans, Wells Fargo violated the law and put New Mexicans at risk", Balderas said in the release. [Full Article...]

Sears Plans to Close Another 80 Stores as Liquidation Deadline Looms

Sears Plans to Close Another 80 Stores as Liquidation Deadline Looms Though the bid's full structure was not immediately determined, if it is similar to a $4.6 billion proposal outlined earlier this month, it could face criticism from the company's unsecured creditors, who took issue with financing stemming from $1.8 billion in debt Lampert would forgive in a so-called "credit bid". [Full Article...]

Purchases trough Alexa tripled this holiday season

Purchases trough Alexa tripled this holiday season Recent estimates put subscribers at just under 100 million in the U.S. Amazon didn't give any new numbers for Prime subscribers in its statement Wednesday, but said millions of unique items in the U.S. Customers were also interested in making their homes smarter with the Amazon Smart Plug, Ring Video Doorbell 2 and the iRobot Roomba 690. In the toy category, some of Amazon's best-sellers inc... [Full Article...]

Dow Jones surges 1,100 points, Wall Street rebounds from worst-ever Christmas

Dow Jones surges 1,100 points, Wall Street rebounds from worst-ever Christmas The Nasdaq Composite traded 0.2 percent higher after dropping more than 3 percent. Eastern Time. The Dow slid 585 points, or 2.6 percent, to 22,292. Firstly, the USA government shutdown weighs on risk and there were rumours that Trump was looking at a way to fire Fed's governor Powell. Bond prices fell. [Full Article...]

Asia stocks mixed after Mnuchin's weekend of triage

Asia stocks mixed after Mnuchin's weekend of triage US stocks have dropped sharply in recent weeks on concerns over weaker economic growth. The stock market malaise comes with Trump refusing to sign a budget bill to keep the government funded as he demands $5 billion for a US-Mexico border wall - a pillar of his election platform. [Full Article...]

Sears closing 80 more stores in March, includes Mall of America location

Sears closing 80 more stores in March, includes Mall of America location It wants someone to buy about 500 of its stores and the Kenmore appliance brand to keep Sears and Kmart open for business. The City of Rapid City tweeted that the closing of Kmart is more reflective of national retail issues, rather than anything local. [Full Article...]

Christmas Mega Millions jackpot climbs to $321 million

Christmas Mega Millions jackpot climbs to $321 million Was anyone lucky enough to win the jackpot? The next Powerball jackpot will be drawn on Wednesday night, with a prize of $294 million. For the drawing, players can buy a ticket in stores or through the Illinois Lottery website or app. [Full Article...]

What's open and closed this Holiday Season

What's open and closed this Holiday Season Denny's: Open 24-hours on Christmas Day . What stores are open on Christmas Day? Along with their Christmas Dinner On The Go , most Cracker Barrels will be open on Christmas Day 2018. Bright Lights Windsor at Jackson Park will be open each night from 5:30 p.m.to 10 p.m. "Of course, opening hours were curtailed last year as Christmas Eve fell on a Sunday, but the week-on-week results... [Full Article...]

Third Canadian citizen detained in China: Global Affairs Canada

Third Canadian citizen detained in China: Global Affairs Canada The department also said it's providing assistance to the detained Canadian's family. Two Canadians have been detained in Beijing since the December 1 arrest of Meng Wanzhou , the chief financial officer of Huawei Technologies, by the RCMP. [Full Article...]

U.S. stocks end higher; all eyes on Fed

U.S. stocks end higher; all eyes on Fed A profit warning from British retailer ASOS raised concerns about weakening consumer strength, despite robust United States retail sales data on Friday. Monday also brought additional criticism of the Fed from Donald Trump, saying that it was "incredible" the body might even consider a rate increase. [Full Article...]

Putin issues chilling warning on rising nuclear war threat

Putin issues chilling warning on rising nuclear war threat President Vladimir Putin said on Tuesday that Russian Federation could easily make and deploy land-based intermediate-range missiles if the United States made good on a threat to quit a landmark nuclear arms control treaty. Putin has rejected the USA claim that Russian Federation violated the 1987 Intermediate-Range Nuclear Forces Treaty by developing a new cruise missile. [Full Article...]


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