Money


Domino's 0, disabled 1 in Monday Supreme Court action Domino's 0, disabled 1 in Monday Supreme Court action
- October 11, 2019

The Supreme Court's denial of the Domino's petition has quashed expectations that we may have an answer to the question of whether Title III of the ADA applies to websites or what compliance with Title III of the ADA entails. The court ruled that people with disabilities should be able to order through Domino's website and app. Furthermore, it stated the "impossibility of guessing what accessibility means in the online environment" and the need for federal standards in making websites and ... (more...)
Social Security Recipients to Get 1.6% Raise in 2020 Social Security Recipients to Get 1.6% Raise in 2020
- October 11, 2019

The COLA affects household budgets for about 1 in 5 Americans, meaning almost 70 million people, and that includes Social Security recipients, disabled veterans and federal retirees. There is no limit on earnings for workers who are in "full" retirement age or older for the entire year. Beneficiaries also gain from compounding since COLAs become part of their underlying benefit, the base for future cost-of-living increases. (more...)
Court says Deutsche Bank does not have Trump’s personal tax returns Court says Deutsche Bank does not have Trump’s personal tax returns
- October 11, 2019

A federal appeals court revealed Thursday that President Donald Trump's longtime lender, Deutsche Bank, does not have Trump's personal tax returns. A decision on whether Deutsche Bank needs to hand over the banking records of Trump, his children and businesses is still pending, the court confirmed. (more...)
Dollar continues to soften as US-China trade talks loom Dollar continues to soften as US-China trade talks loom
- October 11, 2019

U.S. Treasury Secretary Steven Mnuchin and U.S. Trade Representative Robert Lighthizer greeted Chinese Vice Premier Liu He on the steps of the USTR office before a meeting in which they will seek to narrow differences enough to avoid an escalation of tit-for-tat tariffs that have roiled financial markets and stoked fears of a global recession. (more...)
'Will discuss matter with RBI governor': Nirmala Sitharaman assures PMC Bank customers 'Will discuss matter with RBI governor': Nirmala Sitharaman assures PMC Bank customers
- October 10, 2019

Speaking to reporters at the BJP office in Mumbai , Sitharaman said that the Reserve Bank fo India was the regulator of the crisis-ridden bank. Several customers were protesting outside the BJP office, the venue of her press conference. Carrying placards that read "No Bail, Only Jail", they accused the RBI of not taking strict action against the erring officials and appealed to Prime Minister Narendra Modi to intervene in the matter. (more...)
China badly wants trade deal China badly wants trade deal
- October 10, 2019

Earlier this week, the White House's top economic adviser, Larry Kudlow, said the U.S. is also amenable to a partial deal. That report knocked Dow futures down by more than 300 points. Broader trade negotiations between the two countries broke down in May after the US accused China of backtracking on its commitments. Bloomberg News also reported overnight that the U.S was considering an agreement to suspend next week's tariff increase in exchange for a currency pact . (more...)
Several Asian refiners to get full Saudi oil supplies in November Several Asian refiners to get full Saudi oil supplies in November
- October 10, 2019

Big Oil and the biggest and yet-to-be-listed oil company in the world Saudi Aramco have updated their dividend plans in recent months in an indication that they consider they will increase returns to shareholders even when nobody is sure where oil costs can be a month, a quarter, or a year from now. (more...)
GSK recalls popular heartburn medicine Zantac: U.K. medicines watchdog GSK recalls popular heartburn medicine Zantac: U.K. medicines watchdog
- October 10, 2019

Zantac, likewise sold generically as ranitidine, is the latest drug in which cancer-causing impurities have actually been discovered. "GSK informed the MHRA of our decision to suspend the release, distribution and supply of all dose forms of Zantac products", a company spokesman told Reuters. (more...)
Stocks advance on rising hopes for China trade progress CNBC Stocks advance on rising hopes for China trade progress CNBC
- October 10, 2019

Chinese Vice Premier Liu He, US Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin are due to take part. US President Donald Trump has repeatedly flagged how the euro has been weakened by extreme measures such as negative interest rates, so he may effectively issue a "cease and desist" along with the sanctions, Hardy said. (more...)
Zuckerberg to testify in US Congress on Facebook digital currency plan Zuckerberg to testify in US Congress on Facebook digital currency plan
- October 10, 2019

Waters has sharply criticized Facebook's plans for a digital currency , known as Libra, and called for Facebook to halt development of the project. The association is composed of a group of 27 members including Facebook and the payments companies, as well as a swath of tech companies like Uber Technologies Inc., telecom providers Iliad SA and Vodafone Group Plc, and cryptocurrency companies like Coinbase, Inc. (more...)
Laramie Brewery Wins Gold Medal At 2019 Great American Beer Fest Laramie Brewery Wins Gold Medal At 2019 Great American Beer Fest
- October 10, 2019

Bravus won a silver medal in the non-alcoholic beer-style category for its Oatmeal Stout and a bronze medal for its Barrel Aged Bourbon Stout, the world's first barrel-aged non-alcoholic beer. It was founded in 1982, and has been growing and evolving along with the American craft brewing industry ever since. Judging took place over the course of three days, with an global panel of 322 judges from 18 countries. (more...)
China made no progress in deputy-level trade talks: SCMP China made no progress in deputy-level trade talks: SCMP
- October 10, 2019

Commerce Department's decision on Monday to blacklist 28 Chinese public security bureaus, technology and surveillance firms, citing human rights violations of Muslim minority groups in China's Xinjiang province. They said while Beijing wants the trade war to end, they are not optimistic about any agreement in the short-term, . and added more time is needed to improve ties. (more...)
China ministerial trade talks to start China ministerial trade talks to start
- October 10, 2019

Liu is still set to leave on Friday evening, CNBC said, citing a US official. Meanwhile, US Secretary of Commerce Wilbur Ross said on Thursday that tariffs on Chinese goods and services are working as they are forcing China to pay attention to US concerns. (more...)
Bitcoin and Altcoin Rates are Falling, XRP is Growing Bitcoin and Altcoin Rates are Falling, XRP is Growing
- October 10, 2019

Bitcoin ( BTC ) is in a unsafe position as the price slipped below critical support level of $8,000 during early Asian hours. Despite today's long-awaited break to the upside, the price of Bitcoin is still down over 22 percent from the currencies early-September high $10,800. (more...)
HSBC cuts the workforce HSBC cuts the workforce
- October 10, 2019

European banks including Deutsche Bank AG, Societe Generale SA and Barclays are cutting thousands of jobs as low interest rates and a slowing economy weigh on their prospects. Former HSBC Group CEO Stuart Gulliver announced plans to cut 30,000 jobs when he took the job in 2011 as part of a program to cut $US3.5 billion in costs over three years and raise the bank's return on equity to 12-15 per cent. (more...)
Asian stocks slip as tensions flare before U.S.-China talks Asian stocks slip as tensions flare before U.S.-China talks
- October 10, 2019

The latest round of trade talks comes just days after the White House announced the blacklisting of Chinese technology firms over their alleged role in oppression in the far west region of Xinjiang, as well as visa bans on officials linked to the mass detention of Muslims. (more...)
Northern Ireland jobs 'could be saved' in Thomas Cook store purchase Northern Ireland jobs 'could be saved' in Thomas Cook store purchase
- October 10, 2019

All 555 Thomas Cook stores are to be bought by rival Hays Travel, which has 190 of its own shops in the United Kingdom, in a move that could save up to 2,500 jobs. John and Irene Hays, managing director and group chairwoman of Hays Travel, said: "Thomas Cook was a much-loved brand employing talented people". "We look forward to working with many of them". (more...)
Multinationals risk heftier tax hit in biggest overhaul for decades Multinationals risk heftier tax hit in biggest overhaul for decades
- October 10, 2019

The world's richest countries began examining a compromise on how to tax multinational companies in a digitalized global economy, potentially calming tensions that have sparked tit-for-tat unilateral moves. While upper-middle income countries are expected to see some benefit, developing countries would see their tax base shrink by 3% under the suggested rules, unless employment is included as a factor determining the allocation of taxable profits. (more...)
Fed's Powell: Outlook 'favorable,' steps to address money market volatility coming 'soon' Fed's Powell: Outlook 'favorable,' steps to address money market volatility coming 'soon'
- October 09, 2019

At the Fed's last meeting 7 of 17 policymakers indicated they felt rates would likely need to be reduced by another quarter of a percentage point by the end of the year, and markets have priced in such a move. He said the actions the Fed has already taken "are providing support for the outlook", which remains favorable but faces risks, principally from global developments such as trade and Britain's pending withdrawal from the European Union. (more...)
US Loses Top Spot to Singapore in Competitiveness Rankings US Loses Top Spot to Singapore in Competitiveness Rankings
- October 09, 2019

Taiwan has claimed 12th place out of 141 economies in the Global Competitiveness Report 2019 , edging up one slot from a year ago, according to a report released by the World Economic Forum (WEF ). The report says the Asia-Pacific region is the world's most competitive economic area. The Forum, organisers of the glitzy annual gathering of business and political elite in Davos, have released an annual competitiveness report since 1979 that assesses which economies are well placed to see ... (more...)

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