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Markets Right Now: Dow sinks 500 as bond yields rise

Markets Right Now: Dow sinks 500 as bond yields rise

The last five times Bank of America's MOVE Index tracking Treasury volatility has swung 10 percent or more, the S&P 500 fell more than 1 percent on four of them. The Dow Jones Industrial Average fell 831.83 points, or 2.2 percent, to 25,598.74. The S&P 500 index fell 15 points, or 0.6 percent, to 2,864. The euro and sterling rose, underpinned by optimism for a Brexit deal, while the dollar lost ground against a basket of currencies even as US yields hovered near multiyear peaks. Consulte Mais Informação

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Mega Millions, Powerball jackpots worth over $860 million

Mega Millions, Powerball jackpots worth over $860 million

The potential payout on Saturday is the 24th-highest in the game's history. Mega Millions officials say no tickets matched all six numbers to claim the estimated $548 million grand prize. The $548 million jackpot refers to the annuity option, paid out over 29 years. The winning ticket for the historic $1.58 billion Powerball jackpot in January 2016 was drawn in Florida. Consulte Mais Informação

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Can The Fed Really Cause A Stock Crash As Trump Claims?

Can The Fed Really Cause A Stock Crash As Trump Claims?

He has repeatedly criticized the central bank for raising interest rates this year, decisions aimed at preventing the economy from overheating. A Fed official said the central bank would not comment on the president's remarks. The Tel Aviv Stock Exchange was down more than two percent, Shanghai plummeted almost 5% while Tokyo and Hong Kong both shed around 4%, as investors fretted about surging interest rates and the ongoing US-China trade war. Consulte Mais Informação

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Boston Dynamics Atlas Robot Seen Doing Parkour Freakishly Well

Boston Dynamics Atlas Robot Seen Doing Parkour Freakishly Well

No commercial or private outcome has ever been disclosed, so at this point it seems the engineers are still simply working on making the most mobile humanoid robot they can. "Atlas' ability to balance while performing tasks allows it to work in a large volume while occupying only a small footprint". Or is he just here to get us to shut up about that four-legged robot that tripped over some banana peels. Consulte Mais Informação

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Police arrest ZCTU protesters, Harare in lockdown…2 % Tax Demo

Police arrest ZCTU protesters, Harare in lockdown…2 % Tax Demo

I want to advise them that Zimbabwe is a law-abiding country. The labor organization, which once organized such protests when former President Robert Mugabe was still in power, says this is too much for workers living from hand to mouth. Surprisingly, the police allowed the ruling party Zanu PF to host "thank you" rallies a fortnight ago, including in Harare where MDC's 19 anniversary was banned on the pretext of the medieval disease, cholera epidemic outbreak. Consulte Mais Informação

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Ikea plans expansion to Luxembourg and other markets in coming years

Ikea plans expansion to Luxembourg and other markets in coming years

Swedish furniture and home accessories maker IKEA plans to invest almost ₹3,000 crore in the next three years to open three fulfilment centres in Mumbai, Bengaluru and Delhi. Ikea said its priority was to meet its quality commitments towards customers and co-workers, and alluded that India offers a significant enough market opportunity that is worth being patient for. Consulte Mais Informação

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'No peak for supply, demand': IEA

And stored oil grew by about 500,000 barrels a day in the second quarter of 2018-a growth the IEA estimates has continued in the third quarter-suggesting that supply is still somewhat ahead of demand. "With Iran's exports likely to fall by significantly more than the 800,000 bpd seen so far, and the ever-present threat of supply disruptions in Libya and a collapse in Venezuela, we can not be complacent and the market is clearly signalling its concerns that more supply might be needed", the ... Consulte Mais Informação

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PayPal to pay an extra $4m to United Kingdom tax authority

PayPal to pay an extra $4m to United Kingdom tax authority

Profit after tax reached €3.1m, up from €1.1m. It pointed to damage to profitability from a £759m cost of sales and £444m in "administrative expenses" that were not explained. There's always a lot of outrage whenever it's revealed how much tax big companies are paying, generally because it looks as though they're paying an absolute pittance when compared to the rest of their income. Consulte Mais Informação

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China's September trade surplus with US widens to record $34.13 billion

China's September trade surplus with US widens to record $34.13 billion

When Mr Trump then extended those tariffs to a further $200 billion of goods in September, Beijing promptly hit back with tariffs on a further $60 billion of United States goods. Li Kuiwen, a spokesman from the country's customs agency, also told reporters trade growth may slow somewhat in the fourth quarter. The trade war entered a new level in September, with the United States imposing 10 per cent tariffs on US$200 billion worth of goods imported from China, effective as of September 24, ... Consulte Mais Informação

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China Trade War to Hurt Global Economic Growth

China Trade War to Hurt Global Economic Growth

According to the WEO report , growth is on the mend for sub-Saharan Africa, with the region's average growth projected to rise to 3.1 per cent in 2018 (from 2.7 per cent in 2017) and 3.8 per cent in 2019. "This is the biggest ever deficit of Pakistan's history", he said. "U.S. growth will decline once parts of its fiscal stimulus go into reverse", International Monetary Fund chief economist Maurice Obstfeld said in a statement. Consulte Mais Informação

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