Money


Canada worldwide merchandise trade for September -0.98 billion versus -0.65 billion estimate Canada worldwide merchandise trade for September -0.98 billion versus -0.65 billion estimate
- November 06, 2019

It marked the third drop in the past four months, leaving exports down 5.7 per cent from record levels hit in May. Exports of metal and non-metallic mineral products fell 7.3 per cent, while exports of energy products dropped 2.6 per cent due to lower crude oil exports. (more...)
Saudi Aramco: from 'Prosperity Well' to energy giant Saudi Aramco: from 'Prosperity Well' to energy giant
- November 06, 2019

Confirmation of the share sale in Saudi Arabian Oil Co, or Aramco, as the oil giant is usually known, comes about seven weeks after crippling attacks on its oil facilities , underlining Saudi Arabia's determination to push on with the listing regardless. (more...)
Krispy Kreme orders USA student to halt doughnut resale service Krispy Kreme orders USA student to halt doughnut resale service
- November 06, 2019

Gonzalez recognized the opportunity and stepped in to supply his fellow Minnesota natives with as many Krispy Kreme donuts as his auto could carry. "We wish Jayson great success and we're thrilled to help him achieve it by donating 500 dozen doughnuts when he re-starts his business". (more...)
China lifts import ban on Canadian pork and beef China lifts import ban on Canadian pork and beef
- November 06, 2019

Trudeau thanked Canada's Ambassador to China, Dominic Barton, and the Canadian meat industry for their work. But the ban remained in place and has been costing Canadian agricultural producers, who export roughly 20 per cent of their pork to China, making it the second-largest market for Canadian pork products. (more...)
Trade Deficit Falls to $52.5B on Rare Petroleum Surplus Trade Deficit Falls to $52.5B on Rare Petroleum Surplus
- November 05, 2019

The paper analyses recently released trade statistics and finds that consumers in the USA are bearing the heaviest brunt of the US tariffs on China , as their associated costs have largely been passed down to them and importing firms in the form of higher prices. (more...)
Uber shares skid as losses widen, Garage Uber shares skid as losses widen, Garage
- November 05, 2019

The ride-hailing company beat estimates for quarterly revenue and loss, improved its annual loss forecast and pledged to turn a profit by 2021. "Our results this quarter decisively demonstrate the growing profitability of our Rides segment". (more...)
Facebook's new corporate logo is as boring as they come Facebook's new corporate logo is as boring as they come
- November 05, 2019

The social media giant has created new corporate branding and a new logo for Facebook to distinguish Facebook the corporation from the company's popular social network with the same name. feels like an ego-driven move to stamp FB on everything", says Constine. Well, this could be a step, unusual one rather, to differentiate Facebook the company and Facebook the social network and we have to wait and see how this will turn out. (more...)
RBA odds-on to to keep rates on hold RBA odds-on to to keep rates on hold
- November 05, 2019

September's retail spending data fell well short of expectations, suggesting record low borrowing costs and $22.4 billion in tax refunds have yet to stimulate consumer spending. During that time, changes to the Statement have typically coincided with either a change of Government or the appointment of a new RBA Governor. Mr Frydenberg added that "inflation is expected to return to the band" over the medium term, echoing repeated comments by RBA governor Philip Lowe , who has publicly argued ... (more...)
Altercation at Maryland Popeye's Chicken leads to fatal stabbing, per reports Altercation at Maryland Popeye's Chicken leads to fatal stabbing, per reports
- November 05, 2019

The suspect remains at large. In this photo taken on August 22, 2019, a chicken sandwich is seen at a Popeyes as guests wait in line, in Kyle, Texas. "For you to get that angry over anything, for that type of anger to develop into this type of violence, is a very sad and tragic day", Donelan said. (more...)
Ryanair negatively affected by delayed delivery of Boeing 737 MAX planes Ryanair negatively affected by delayed delivery of Boeing 737 MAX planes
- November 05, 2019

When the Boeing 737 MAX gets cleared to return to service, airlines that have had to juggle schedules and equipment may be facing oversupply, according to analysts. "Our investigation has already shown that Boeing leadership was aware of numerous problems that engineers are now attempting to fix during the design and development phase of the 737 MAX", DeFazio and Larsen said. (more...)
One Death, 8 Hospitalized in Salmonella Outbreak Tied to Ground Beef One Death, 8 Hospitalized in Salmonella Outbreak Tied to Ground Beef
- November 05, 2019

Do not, under any circumstances, consume raw or undercooked ground beef. Laboratory testing identified the outbreak strain of Salmonella Dublin in repackaged leftover ground beef collected from an ill person's home in California. Ask that ground beef hamburgers and mixtures be cooked to 160°F internal temperature when ordering at a restaurant. Medical professionals say that consumers should always keep raw meat separate from foods that won't be cooked, such as salad ingredients. (more...)
Honda pull the wraps off 214bhp 2020 Fireblade RR and SP Honda pull the wraps off 214bhp 2020 Fireblade RR and SP
- November 05, 2019

To make the Rebel more comfortable, Honda has tweaked the suspension and updated the seat. The new machine has a twin-spar aluminium "diamond frame" chassis with a fresh design with increased vertical and torsional rigidity, which uses the rear of the engine as the upper shock mount. (more...)
OPEC sees its oil market share shrinking OPEC sees its oil market share shrinking
- November 05, 2019

US crude oil inventories were forecast to have risen last week, while refined products stocks are likely to have declined, a preliminary Reuters poll showed on Monday. Labor Department data showed. The Federal Reserve's interest rate cut last week and recent weakness in the US dollar has also helped lift prices, analysts said. (more...)
Dow Rockets to Record High as Stock Market Rally Continues Dow Rockets to Record High as Stock Market Rally Continues
- November 05, 2019

Texas Instruments jumped 1.9% and Morgan Stanley added 1.7%. The yield on the 10-year Treasury note rose to 1.78% from 1.72% late Friday. The Dow Jones Industrial Average climbed 114.75 points, or 0.4%, to 27,462.11. The rally follows a solid week of gains pushed by reassuring economic reports and corporate earnings. CVS will report its latest earnings on Wednesday and Walt Disney will report its latest results on Thursday. (more...)
Chick-fil-A backs Sunday's National Sandwich Day _ oops! Chick-fil-A backs Sunday's National Sandwich Day _ oops!
- November 05, 2019

So why should you skip going to Chick Fil A on National Sandwich day? Capriotti's Sandwich Shop: Small Bobbie, the signature Thanksgiving-leftover style sandwich for $5 on Sunday, November 3, through the CAPAddicts awards app. On October 31, Popeye's official Twitter account retweeted a print screen of Chick-fil-A's apology email and added a message: "seriously... y'all good?" The Popeyes Spicy Chicken Sandwich product team is certainly playing for keeps. (more...)
Westpac shares fall on ASX capital raising Westpac shares fall on ASX capital raising
- November 05, 2019

The last time Westpac cut its dividend was at the end of the 2009 financial year, when the sector was reeling from the global financial crisis. While announcing Westpac annual results, Westpac Group CEO, Mr Brian Hartzer said: "We're preparing for our digital future by investing in a new digital-only banking platform that will complement our existing banking businesses". (more...)
Buffalo Wild Wings fires employees after alleged incident of racism Buffalo Wild Wings fires employees after alleged incident of racism
- November 05, 2019

Buffalo Wild Wings didn't immediately return a message on Sunday night, but a spokesperson from the chain told the Associated Press that it had fired the employees involved following an internal investigation. When they complained to their waitress, she told them that she already knew what was happening: The regular customer is a racist, she said, though she couldn't do anything. (more...)
Bitcoin whale may have manipulated coin’s price to spur 2017 bull run
- November 05, 2019

One unnamed entity on Bitfinex appears capable of sending BTC higher when it falls below certain thresholds, according to University of Texas Professor John Griffin and Ohio State University's Amin Shams, Bloomberg reported . The digital currency market grew from "nearly nothing to over $300 billion in market capitalization in only a few years", but the time period between March 2017 and March 2018 was especially notable as it was responsible for 58.8 percent of bitcoin's compounded ... (more...)
Mann Packing recalls almost 100 SKUs due to listeria Mann Packing recalls almost 100 SKUs due to listeria
- November 05, 2019

More than 100 vegetable products sold across the United States and Canada have been recalled for potential listeria contamination. "To date, public health officials have not reported any illnesses associated with these products", the release reads. (more...)
New Facebook logo signals merging of its properties New Facebook logo signals merging of its properties
- November 05, 2019

Facebook's chief marketing officer, Antonio Lucio, said in the company's blog post revealing the new logo: "We're updating our company branding to be clearer about the products that come from Facebook". The new logo is created to pair with its various services, changing color to match the product it is accompanying such as green for WhatsApp or the purple and orange hue that is associated with Instagram. (more...)

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