Money

UBS releases 2019 global real estate bubble index

Hong Kong ranked third, followed by Amsterdam, Frankfurt, Vancouver, and Paris. UBS placed Toronto in the number two position behind Munich as most overvalued...


Wall St hits fresh one-month low at open on growth worries

In the US investors remained concerned over economic growth after a record low reading from the ISM Manufacturing report Tuesday. The Dow closed a little belo...


Big banks 'profiteering' on rate cuts: PM

Owner occupiers paying principal and interest on variable rate home loans is the number one market for most banks and home lenders. "It's not just the Governm...


Samsung stops manufacturing phones in China

Its not just Samsung either, Sony closed down its Beijing smartphone plant earlier this year. In mid-2013 it owned a 15% share of China's smartphone market, b...


Broker Stocks Tank After Slashing Fees, Cycles Suggest More Risk

Interactive Brokers Group Inc .in late September announced commission-free trading of USA -listed stocks and exchange-traded funds on its IBKR Lite platform. ...


CBOT soybean futures rise on technical buying, smaller than expected stockpiles

Overall, corn and soybean crops are starting to reach maturity and harvest has started in some parts of the country, the USDA reported. Rising concerns that...


Airbus hit by planned USA tariffs on European Union goods

The ruling is the largest arbitration award in WTO history and a landmark moment the 15-year long Airbus-Boeing battle, which threatens to intensify already s...


US Indexes Close Higher on the Last Day of September

The VIX Volatility Index was lower at 16.46 for a loss of 0.76 points or -4.41%. Concerns related to those reports had sent the S&P 500 .SPX and Nasdaq .IXIC ...


OPEC's September Oil Production Plummets In Wake Of Attacks On Aramco

Brent crude futures were down $1.16, or 1.9%, to $60.75 a barrel. West Texas Intermediate for November delivery rose 28 cents, or 0.5%, to $54.35 a barrel on...


WeWork withdraws plan to go public following CEO turmoil

The company, under pressure from Wall Street to rein in costs, plans to cut thousands of jobs and to even rid itself of a corporate jet obtained during Neuma...


Airport worker injured after malfunctioning catering cart causes chaos

Trump inserting himself into the viral discourse quickly led people to make comparisons to the video and his presidency. Video of the incident was capture...


Saudi prince takes ‘full responsibility’ but did not order Khashoggi killing

In an interview with the American TV program, 60 Minutes , he said that if the tension between Iran and Saudi Arabia increases, it will affect the global e...


After rumors of USA delisting, China says ‘decoupling ‘ would harm both sides

The information had earlier been reported by Bloomberg. They say a tentative deal could be reached by the end of this year, given that President Donald Trump'...


PMI: Manufacturing remains in doldrums, revival hopes hinge on policy stimulus

The survey indicated overall exports of manufactured goods fell sharply, dipping into contraction, after a robust reading in the previous month. The last time...


Mahindra & Mahindra to acquire 51% of Ford's India business

Ford will have a 49% stake in the new entity, while India's Mahindra will own 51%. According to Mahindra, the joint venture will have a combined 14 percent mark...


Google facing privacy probe on use of HTTPS in Chrome

The House has sent a letter to Google, asking if it would use data handled via new Internet protocol for commercial purposes. The new protocol, DNS-over-HTT...


Petrol, diesel prices rise again after three days of no change

According to the AA's fuel price analysis, over 60% of the cost of a litre of petrol is now made up of taxation, with over 55% of the cost of a litre of di...


Tesla's New Smart Summon Feature Is a Disaster So Far

Tesla drivers are sharing their flopped Summon attempts on social media showing their electric smart cars activate its in-board Autopilot hardware and almost ge...


U.S. fashion retailer Forever 21 files for bankruptcy

Court papers filed in Wilmington, Delaware, show Forever 21 has estimated liabilities on a consolidated basis of between $1 billion and $10 billion. In a st...


China's manufacturing sector grew at its highest pace since early 2018

Moreover, export demand remained weak, with orders falling for the 16th straight month, albeit at a milder pace. Director of Macroeconomic Analysis at CEBM Grou...


Taiwan rally shows unity with Hong Kong protesters

After a monthslong and unprecedented protest movement that has ruptured trust between many of Hong Kong residents and the city's institutions, protesters now ha...


Trump Says He Deserves to Meet Whistleblower, Warns of ‘Big Consequences’

Democrats have accused Trump of pressuring a vulnerable US ally to get dirt on a political rival for personal political gain. The aid was later provided. "Big...


National Coffee Day Deals 2019: Where to Get Your Free Favorite Beverage

Customers who spend $15 on qualifying products will save $5 on their order, or get free delivery. Are we missing any deals? The fast-food chain is offering on...


CVS Pharmacy announces they will suspend sale of Zantac until further notice

Food and Drug Administration that ranitidine products may contain a low level of nitrosodimethylamine (NDMA), which is a probable human carcinogen", CVS said in...


Retail Apocalypse: Forever 21 Files for Bankruptcy

Despite this plan, Forever 21 still intends on closing most of their global locations in Asia and Europe . "Filing for bankruptcy protection is a deliber...


Olszewski visits striking UAW workers at GM plant in White Marsh

Stay in touch with us anytime, anywhere . In an email to the United Auto Workers union, GM said that it will keep benefits in place due to what it called sign...


Delta gets 20% stake in Latam Airlines as part of wider deal

Delta, for its part, has been expanding its stake in companies worldwide, having acquired part of Virgin Atlantic , Alitalia and expanding its partnership wi...


Amid US sanctions, Venezuela tinkers with using Bitcoin for worldwide transactions

The efforts come from the state-run Petroleos de Venezuela SA , which is planning to send Bitcoin and Ethereum to the central banks and have the monetary a...


Wells Fargo names BNY Mellon's Charles Scharf as CEO CNBC

Wells Fargo board member C. Allen Parker had been serving as interim CEO. Sloan had said increased pressure from politicians and regulators had become a distrac...


IAG cuts 2019 steering attributable to British Airways strikes

The group now expects full-year operating pretax profit will be €215m lower than the €3.49 billion reported last year. "Any further industrial action will add...