Money


S&P 500, Dow eke out records S&P 500, Dow eke out records
- December 28, 2019

Major U.S. stock indexes wavered between small gains and losses in early trading Friday as the market retreated slightly from its latest highs. In Europe all markets finished higher, with Britain's FTSE-100 up 0.17%, Germany's DAX rose 0.27% higher and France's CAC-40 climbed 0.13%. (more...)
Tesla secures $1.29bn loan from Chinese banks for Shanghai plant Tesla secures $1.29bn loan from Chinese banks for Shanghai plant
- December 28, 2019

Tesla is targeting a production rate of 250,000 vehicles a year, once the upcoming Model Y crossover is added to the production line. The 15 electric vehicles-which will go to a group of lucky Tesla employees-were assembled at the marque's new multimillion-dollar Shanghai Gigafactory. (more...)
FDA: It is now illegal to sell tobacco to anyone under 21 FDA: It is now illegal to sell tobacco to anyone under 21
- December 28, 2019

The minimum age requirement applies to every retailer nationwide. The legislation amends the Federal Food, Drug and Cosmetic Act, which gives the FDA the authority to regulate all tobacco products, including cigarettes, electronic cigarettes , cigars and hookah tobacco. (more...)
Nasdaq hits 9,000 for first time as year-end rally rolls on
- December 28, 2019

The index extended its winning streak to 11 days. -China trade relations, as well as a boost in shares of Amazon .com, thanks to robust holiday sales. -China trade war and positive signs for the economy have helped keep investors in a buying mood. The U.S. presidential election could also drive volatility in the markets next year. (more...)
Gold Makes Headway Above $1500 on Path to Best Year Since 2010 Gold Makes Headway Above $1500 on Path to Best Year Since 2010
- December 27, 2019

Gold prices rose to more than a one-week peak on Monday in low-volume trading ahead of the Christmas and New Year holidays, as the dollar eased slightly and uncertainties over the Sino-U.S. USA gold futures rose 0.3 percent to $1,484.70 per ounce. Spot silver climbed 1.3% and platinum gained 1.6%. Call options giving the right to buy bullion for January delivery at $1,525 were the most actively traded, with 856 lots changing hands. (more...)
10-year-old girl dies following medical emergency on plane 10-year-old girl dies following medical emergency on plane
- December 27, 2019

The flight, which was only a few minutes into its almost three-hour journey, was then forced to return to its origin station. The passenger was identified as 10-year-old Janice Xu, according to Lt. An LAX spokesperson told the station that the plane had just taken off when it had to return because of a medical emergency on board. 'The flight was met by paramedics. (more...)
Free Starbucks pop-up parties through the month of December Free Starbucks pop-up parties through the month of December
- December 27, 2019

There's actually one happening today (Friday Dec 27). The Starbucks on Lake Boone Trail in Raleigh and Weston Parkway in Cary will host pop-up parties Friday. So that means anything from a latte to a mocha. The catch? The store locations will change each day and Starbucks has not released a list of when, or even if, our local stores will be participating in the giveaway. (more...)
Huawei Denies Report Alleging It Got Preferential Treatment From Chinese Government Huawei Denies Report Alleging It Got Preferential Treatment From Chinese Government
- December 27, 2019

Huawei has been facing increased scrutiny and major roadblocks in its quest to do business in the US. And while the Journal says the government support allowed Huawei to save up billions of dollars, the company denies receiving special treatment, further adding that state lending was "immaterial". (more...)
Rain keeps UK Boxing Day shoppers at home Rain keeps UK Boxing Day shoppers at home
- December 27, 2019

The pre-Christmas spend got away to a strong start with the Black Friday sales late November, with the Boxing Day sales again extending the spending season. She said many consumers were still celebrating Christmas with their family on Boxing Day, while the rainy weather, online shopping and increased Black Friday spending were also possible factors for the drop in footfall. (more...)
Amazon backs mammoth $1.3B funding round for Tesla rival Rivian Amazon backs mammoth $1.3B funding round for Tesla rival Rivian
- December 27, 2019

Rivian Founder and CEO RJ Scaringe said , "This investment demonstrates confidence in our team, products, technology, and strategy - we are extremely excited to have the support from such strong shareholders". The investment also raises the stakes as Rivian prepares to take on Tesla , which announced plans last month for the " Cybertruck ". Performing a tank turn requires simultaneously spinning the left and right wheels in opposite directions, which is why there's not one vehicle sold ... (more...)
Two Women Sue Frontier Airlines Over Sexual Assaults by Passengers Two Women Sue Frontier Airlines Over Sexual Assaults by Passengers
- December 27, 2019

Lena Ramsay, a US Army veteran and one of the passengers allegedly assaulted, told ABC News that she felt "humiliated and at a complete loss" when another passenger reached from behind her seat and groped her during an October 2018 flight from Denver to Providence , Rhode Island. (more...)
Hot sauce recall over 'bloated' bottles Hot sauce recall over 'bloated' bottles
- December 27, 2019

The NSW Food Authorities warned bottles of the 17 and 28-ounce varieties of the Sriracha Hot Sauce with a best before date of March, 2021 should be returned immediately. Created in 1980 by David Tran, a Vietnamese refugee to the United States, the spicy, bright red sauce is now found in major Australian and New Zealand supermarkets and many Asian grocers and eateries. (more...)
Stores and restaurants open on Christmas Day Stores and restaurants open on Christmas Day
- December 27, 2019

Genesee St.in Syracuse, is open Christmas Day . If you plan on swapping turkey and gravy for a Big Mac and fries on Christmas Day or fancy picking up a portion of nuggets on Boxing Day then make sure you check the opening times of your local McDonald's before stopping by first. (more...)
Trader Joe's egg salad, potato salad products recalled amid Listeria concerns Trader Joe's egg salad, potato salad products recalled amid Listeria concerns
- December 27, 2019

A voluntary hard-boiled egg recall has expanded to multiple other products, including ones from Trader Joe's, amid a deadly listeria outbreak . Until we learn more, CDC advises that people at higher risk for listeria infection throw away any store-bought hard-boiled eggs or products containing hard-boiled eggs, such as egg salad . (more...)
If you're returning gifts, you are far from being alone If you're returning gifts, you are far from being alone
- December 27, 2019

Wilson says, this weekend will be the busiest but the store is prepared for the rush. December 26th is one of the most popular shopping days of the year. "Having those tags with it its not always a requirement with our store but I know some stores you have to have a tag and receipt". "We love to see people smiling and being patient with us", Davis said. (more...)
Tesla Negotiates $1.4 Billion Loan With Chinese Banks Tesla Negotiates $1.4 Billion Loan With Chinese Banks
- December 26, 2019

This factory will focus on supplying Model 3 vehicles specifically for the Chinese Market, and Tesla already broke ground on the Shanghai-based facility in January and began producing some vehicles, but as with its other gigafactories, the company can bring parts of the plant online while it works on completing other parts of the very big manufacturing plant. (more...)
Fog snarls flights Tuesday at O’Hare, Midway Fog snarls flights Tuesday at O’Hare, Midway
- December 26, 2019

Dense fog will remain throughout much of the Chicago area for the next hour or two before clearing out, the National Weather Service said in a 10:53 a.m. Chicago O'Hare International Airport had 70 cancellations by midday, including 35 departures and 35 arrivals, and Chicago Midway had 71 cancellations, including 36 departures and 35 arrivals. (more...)
BMW under U.S. probe over sales reporting practices BMW under U.S. probe over sales reporting practices
- December 26, 2019

German automaker BMW said Tuesday that it has become the target of an investigation by the US Securities and Exchange Commission, which oversees how vehicle manufacturers report the sale to investors. If this falsifying sales narrative sounds kind of familiar, it's likely because Fiat Chrysler underwent a similar investigation a few months ago, spurred in part by Reid Bigland, one-time head of the Ram truck brand. (more...)
PM urges Britons 'not to argue' in Christmas message PM urges Britons 'not to argue' in Christmas message
- December 26, 2019

Mr Morgan added: "I thought Corbyn was more principled than Ed Miliband". He praised the "generosity" and "solidarity" of communities at Christmas , when "the scale of injustice and inequality is in very plain sight", as he described how many will be helping at foodbanks or shelters. (more...)
United States business-equipment orders tame amid investment downshift United States business-equipment orders tame amid investment downshift
- December 26, 2019

According to the Department of Commerce , in seasonally adjusted terms, durable goods orders in the States shrank at a month-on-month pace of 2.0% in November to reach $242.63bn (consensus: 1.5%). The U.S. economy, which has recently been flashing warning signs of a slowdown, now seems to be finishing the year stronger in spite of the isolated issues at GM and Boeing. (more...)

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