Economy

IBM Is Prepping To Buy Red Hat For RM142 Billion

IBM Is Prepping To Buy Red Hat For RM142 Billion Red Hat will become part of IBM's hybrid cloud team as a "distinct unit", with the same headquarters in Raleigh , North Carolina, and its brands. However, research shows that 80 per cent of business workloads have yet to move to the cloud, held back by the proprietary nature of today's cloud market. [Full Article...]

Lion Air flight crashed into sea with 188 on board

Lion Air flight crashed into sea with 188 on board Flight JT-610 was on a scheduled flight from the Indonesian capital to Pangkal Pinang, the main city in the Bangka Belitung Islands. "The plane crashed into water about 30 to 40m deep", Search and Rescue Agency spokesman Yusuf Latif told AFP news agency. [Full Article...]

Economy grew at robust 3.5% in third quarter

Economy grew at robust 3.5% in third quarter According to the Department of Commerce, the increase in real GDP in the third quarter reflected positive contributions from personal consumption expenditures, private inventory investment, state and local government spending , Federal government spending, and nonresidential fixed investment. [Full Article...]

US stocks slump again; S&P 500, Dow back into red for year

US stocks slump again; S&P 500, Dow back into red for year Advancing issues outnumbered declining ones on the NYSE by a 2.35-to-1 ratio; on Nasdaq, a 2.43-to-1 ratio favored advancers. The Russell 2000 index gained 30 points, or 2.1 percent, to 1,499. Strong results from major companies including Microsoft, Visa and Comcast are sending USA stocks higher Thursday, a respite after three weeks of extremely volatile trading marked by steep losses. [Full Article...]

India placed orders with Iran for crude oil supply during Nov.

India placed orders with Iran for crude oil supply during Nov. Despite threatening serious punishments against killers of the Saudi journalist at the same time Trump calls the Saudi regime as an important ally for confronting Iran . Iran needs to play active energy diplomacy if interested to keep and increase its share in regional and world oil market. Saudi Arabia Energy Minister Khalid Al-Falih further added that there could be a need for intervention... [Full Article...]

Consumer Reports reveals most, least reliable cars

Consumer Reports reveals most, least reliable cars Their survey collects data from Consumer Reports members about their experiences with more than half a million vehicles. German, Japanese, and Korean brands are in the middle, with Audi, BMW , and Mini coming in at numbers seven through nine, Porsche at 11, VW at 16, and Mercedes at 17. [Full Article...]

How man's broken hip led to him winning major lotto prize

How man's broken hip led to him winning major lotto prize It's not immediately clear if there is a victor for the fourth-largest jackpot in US history. Lottery players will have a shot at the fourth-largest jackpot in US history as numbers are drawn for the estimated $750 million Powerball game. [Full Article...]

Tesla looks overseas after record third-quarter profit

Tesla looks overseas after record third-quarter profit American company Tesla Inc.in the third quarter of 2018 made a profit for the first time in two years . "Even though Tesla is finally hitting its stride in many ways, the company isn't out of the woods yet", Jeremy Acevedo, Edmunds ' manager of industry analysis said in emailed comments. [Full Article...]

Trump steps up attacks on Fed chairman Jerome Powell

Trump steps up attacks on Fed chairman Jerome Powell He also said that the Fed Chairman "almost looks like he's happy raising interest rates", according to the report. The political pressure "will in no way be a consideration as far as I'm concerned", Clarida said. Hatch, the longest-serving Republican senator, stood by the Fed's independence. "We're working hard to try to sustain the expansion and keep unemployment low and inflation right on ... [Full Article...]

Erdogan says Saudi journalist’s murder ‘thoroughly planned’

Erdogan says Saudi journalist’s murder ‘thoroughly planned’ Central Intelligence Agency director Gina Haspel heard an audio recording of the killing of Saudi journalist Jamal Khashoggi during her visit to Turkey this week, two sources told Reuters on Thursday, the first indication Ankara has shared its key evidence. [Full Article...]

Single Ticket In South Carolina Wins $1.6 Billion Mega Millions Jackpot

Single Ticket In South Carolina Wins $1.6 Billion Mega Millions Jackpot The biggest Mega Millions jackpot victor prior to this was a US$656 million (NZ$ 1 billion ) ticket sold back in 2012, Gentry said, "so it's a record for Mega Millions and it came very close to breaking the world record of all the jackpots". [Full Article...]

President of Turkey, Saudi Crown Prince hold phone conversation

President of Turkey, Saudi Crown Prince hold phone conversation While Tehran's official reaction was initially tempered, Iranian President Hassan Rouhani said Wednesday that the Saudis must have thought they could get away with the writer's "brutal killing" because there would be no retribution from the US government. [Full Article...]

Last Minute Thought: Buy or Sell Amazon (AMZN) Stock Before 3Q18 Earnings?

Last Minute Thought: Buy or Sell Amazon (AMZN) Stock Before 3Q18 Earnings? Revenue rose 29 percent to $56.58 billion, but that was below the $57.05 billion analysts expected. Wall Street was expecting $3.9 billion yet the company guided to $2.1 to $3.6 billion. This is pretty impressive considering Amazon's primary North American retail segment pulled in over $34 billion in sales yet AWS booked just shy of $6.7 billion! Amazon Web Services' net sales came to $6.7 bi... [Full Article...]

Owner claims dog is 'gold diggin' pretending to be stray for McDonald's

Owner claims dog is 'gold diggin' pretending to be stray for McDonald's After catching Princess scamming a McDonald's customer, Reyes pulled up in her auto and her pup immediately recognized her. Princess started wagging her tail - either in happiness to see Reyes, or in embarrassment for getting caught. Knowing this, Reyes later posted damning video footage of Princess shaking down a random couple dining in their truck - proving just how effective the hound's hustl... [Full Article...]

Crown Prince chairs committee to restructure intelligence agency

Crown Prince chairs committee to restructure intelligence agency Turkish authorities, including the president, said this week that Saudi agents had scouted Istanbul's Belgrad Forest before Khashoggi's death inside Saudi Arabia's Istanbul consulate on October 2. Dozens of Saudi activists, writers, clerics and even women who were behind calls for the right to drive have been detained. The president has generally taken a wait-and-see approach to Khashoggi's de... [Full Article...]

USA revokes 21 Saudi visas over Khashoggi death

USA revokes 21 Saudi visas over Khashoggi death More than two weeks later it said Khashoggi had been killed accidentally in a fight with Saudi officials who had embarked on an unsanctioned extradition operation. Questions remain as to where the body or body parts of the journalist are located, as Trump demands bipartisan congressional input on how to respond to Saudi Arabia. [Full Article...]

Erdogan, Saudi crown prince discuss Khashoggi case on phone

Erdogan, Saudi crown prince discuss Khashoggi case on phone Mr Trump said: "Well, the prince is running things over there more so at this stage". "We commend New Zealand as a Pacific Forum member for standing against this horrific crime, and putting the Saudi Crown Prince on notice that the world is watching". [Full Article...]

Northern Irish DUP to back rebel Brexit amendment on Irish border

Northern Irish DUP to back rebel Brexit amendment on Irish border Britain is devising ways to avoid food and medicines shortages in the event of a disorderly exit from the European Union , the Financial Times reported Wednesday. The all-island market evolved and the factories are on the other side of the border and the milk will not be able to move south to service those factories. [Full Article...]

Markets Right Now: Stocks fall sharply on Wall Street

Markets Right Now: Stocks fall sharply on Wall Street The tech-rich Nasdaq Composite Index plummeted 4.4 per cent to finish at 7,108.40, posting its worst day since 2011, while the broad-based S&P 500 sank 3.1 per cent to 2,656.15. "We think that the S&P 500, Treasury yields and the U.S. dollar will all fall by the end of next year, as a sharp slowdown in the USA economy prompts the Fed to stop hiking rates sooner than investors are anticipating", re... [Full Article...]

Italy watchdog fines Apple and Samsung over software updates

Italy watchdog fines Apple and Samsung over software updates Two "complex investigations" by the anti-trust authority AGCM revealed thatboth firms implemented unfair commercial practices, a statement said. Have you ever felt that your device feels slower after you upgrade to a newer OS version? The independent investigation into Samsung's update practices for various smartphones concluded some updates "caused serious dysfunctions and reduced perform... [Full Article...]


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