Economy

How Mega Millions created monstrous jackpots -- but made them harder to win

How Mega Millions created monstrous jackpots -- but made them harder to win No one won the latest Mega Millions drawing, meaning the jackpot climbs to a staggering $1.6 billion. In the Powerball, the victor can also opt for a cash prize of more than $354 million. local time (0300 GMT). While the epic prize is up for grabs in the US, Lottoland UK customers can bet on the outcome of the MegaMillions lottery and potentially win a separate jackpot. [Full Article...]

Chinese regulators pledge support as markets tumble, GDP disappoints

Chinese regulators pledge support as markets tumble, GDP disappoints According to the China Academy for Macroeconomic Research, China could withstand an increase of USA trade tariffs on its goods of up to 25 percent on US$200 billion and suffer only "limited impacts" to its economy. CNBC notes that many outside experts have expressed skepticism about the reliability of the financial statements of China. The decline is "creating good investment opportunities", L... [Full Article...]

Mega Millions Lottery Jackpot Jumps To Record $1.6 Billion

Mega Millions Lottery Jackpot Jumps To Record $1.6 Billion The next drawing will be on Tuesday night. Lottery grows to second largest in USA history; Jacqui Heinrich reports from New York City on ticket sales. Those "second-tier" winning tickets are worth at least $1 million. The federal government takes 25% before the check is handed to the victor, and collects remaining taxes when due. [Full Article...]

Cyprus airline Cobalt halts flights amid lack of investment

Cyprus airline Cobalt halts flights amid lack of investment It is the latest budget carrier to run into difficulties after Denmark's Primera Air ceased trading earlier this month. It announced it was suspending operations and cancelling all its flights just before midnight on Wednesday (October 17). [Full Article...]

Oil Rises To Approximately $80

Oil Rises To Approximately $80 But the policy was a failure in its own terms, was reversed a few months later, and caused vast long-term damage to Saudi Arabia and OPEC that took decades to reverse. There has been indication that India may not totally stop import of crude oil from Iran . "In the end, the impact could be higher, or it could be lower", Wittner wrote. [Full Article...]

Burger King Launches Nightmare-Inducing Halloween Sandwich

Burger King Launches Nightmare-Inducing Halloween Sandwich The burger debuts on October 22 and will be available through November 1 for $6.39. For the study, 100 participants ate a Nightmare King before going to bed. According to USA Today , nightmares increased 2.5 times over the normal rate, due to various proteins. Another recalled "aliens attacking" a boat he was on. [Full Article...]

Netflix adds almost 7M subscribers in Q3

Netflix adds almost 7M subscribers in Q3 The results should prolong Netflix's reign as one of the best-performing stocks on Wall Street, giving the company leeway to spend billions of dollars more on original programming. If the stock keeps rising over the coming weeks, it would underscore that investors still have a strong appetite for riskier companies, an attitude that might spill over into other technology firms. [Full Article...]

Reading to London Paddington passengers could face delays as cable repairs continue

Reading to London Paddington passengers could face delays as cable repairs continue TRAVELLERS to London Paddington from South Wales are being advised of a reduced timetable because of damaged overhead wires on railway lines near the capital. People can travel to and from the airport via a rail replacement bus service, to take a taxi or use the slower connection on the London Underground subway network. [Full Article...]

Mega Millions ticket sold in Elizabethtown matches $1M prize

Mega Millions ticket sold in Elizabethtown matches $1M prize Lottery players don't have to wait until Tuesday for a chance to win big since the next Powerball drawing is Saturday night. Mega Millions jackpots start out at $40 million and roll over if there is no jackpot victor. The Mega Millions jackpot for Tuesday is estimated to swell to $470 million dollars. The odds of winning both jackpots are 1 in 75 quadrillion - that's 15 zeros - accordi... [Full Article...]

Tesla Model 3 Now Comes in a $45,000 ‘Mid-Range’ Version

Tesla Model 3 Now Comes in a $45,000 ‘Mid-Range’ Version But that price takes into account federal and state tax rebates. The release of a lower-priced Model 3 was a "logical next step", according to Evercore ISI analyst Arndt Ellinghorst. The move could frustrate Tesla fans who put down a $1,000 deposit two years ago for what they believed would be a sleek electric sedan costing about $27,500 after tax incentives. [Full Article...]

Turkish police search forest, coastal city for journalist's remains

Turkish police search forest, coastal city for journalist's remains Turkish officials have said they believe he was killed there although this has not been confirmed by Saudi Arabia . " I mean it's bad, bad stuff, but we'll see what happens ". Khashoggi has not been seen since he entered the Saudi consult in Istanbul more than two weeks ago and is feared dead. Robert Mahoney, deputy executive director of the Committee to Protect Journalists, said: "U.N. [Full Article...]

Further US rate hikes 'most likely' needed: Fed minutes

Further US rate hikes 'most likely' needed: Fed minutes United States central bankers see no reason to pause the current course of gradual rate hikes that have infuriated President Donald Trump and some even say the Federal Reserve may soon need to slow the economy, according to meeting minutes released Wednesday. [Full Article...]

GREAT AGAIN: US Treasury Rakes in RECORD TAX HAUL in 2018

GREAT AGAIN: US Treasury Rakes in RECORD TAX HAUL in 2018 But the Trump administration initially promised that the tax cuts would pay for themselves through stronger growth - and there is no sign so far of that happening. "From my perspective, the biggest reason we've got the deficit increase from $ 779 billion in 2018 to what's projected to be $1.1 trillion in 2019 is the tax law that we just passed", Collender said on Thursday during an interview with... [Full Article...]

Mega Millions jackpot jumps to $970M as drawing approaches

Mega Millions jackpot jumps to $970M as drawing approaches That's exactly what happened when the Mega Millions jackpot surpassed its previous 2012 record of $656 million after no ticket matched all six numbers drawn on Tuesday, leaving the prize money up for the taking this Friday, lottery officials said. [Full Article...]

Liam Fox and Steven Mnuchin boycott Saudi 'Davos' forum over Jamal Khashoggi

Liam Fox and Steven Mnuchin boycott Saudi 'Davos' forum over Jamal Khashoggi The Saudis have said they plan to move forward with the conference, scheduled for October 23-25, despite a wave of cancellations by high-profile business, government and media leaders. "He was told , "Shut up if you want to live". In this December 15, 2014 file photo, Jamal Khashoggi, then general manager of a new Arabic news channel speaks during a press conference, in Manama, Bahrain. [Full Article...]

Canada legalises cannabis for recreational use

Canada legalises cannabis for recreational use Not all of the details surrounding marijuana legalization in Canada have been sorted out yet, particularly when it comes to the country's relationship with the United States, where marijuana is considered a Schedule I drug, putting it in the same category as cocaine and heroin. [Full Article...]

Turkish police search Saudi consul's home in Khashoggi case

Turkish police search Saudi consul's home in Khashoggi case Khashoggi had penned articles critical of the country's rulers. Earlier, U.S. President Donald Trump gave Saudi Arabia the benefit of the doubt in Khashoggi's disappearance, while U.S. Trump said Pompeo may go to Turkey after Saudi Arabia. On Sunday, Riyadh angrily rejected political and economic "threats" over the case of the missing journalist and said it would respond to any punitive ... [Full Article...]

The Saudi Prince "Totally Denies" Knowledge

The Saudi Prince After his talks with the king, Pompeo was to have dinner with his powerful son, Crown Prince Mohammed bin Salman, a U.S. official told the accompanying press. Khashoggi's disappearance", the story added. "Turkish officials have said they possess evidence that the 15 Saudi agents flew into Istanbul on October 2, assassinated Mr. [Full Article...]

After Modi raises Indias pricing concerns, Opec says no oil supply worries

After Modi raises Indias pricing concerns, Opec says no oil supply worries Saudi Arabia is committed to meeting India's rising oil demand and is the "shock absorber" for supply disruptions in the oil market, Energy Minister Khalid al-Falih said on Monday. At the same conference, India's PM Narendra Modi also sat down with ministers and chief executives of oil companies and sought a review of payment terms for crude oil supplies. [Full Article...]

Audi to pay €800m fine in Germany over diesel cheating

Audi to pay €800m fine in Germany over diesel cheating Both the Audi- and Volkswagen-developed engines were engineered to limit emissions during laboratory testing, but work in a normal non-compliant state when being driven on the road. Former Audi chief Rupert Stadler remains in jail while prosecutors investigate individual involvement in the diesel scandal, and Volkswagen earlier this month cut ties with him. [Full Article...]


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