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Finance

Three states vote to legalize marijuana in midterm election

One question asked voters whether they supported a ban on pot retailers in Newton entirely, and the other question asked whether they wanted to limit the number of pot retailers that could open. In Florida, 63 percent voted to pass a measure that restores voting rights to 1.5 million former convicts . Jamie Cooper, founder of Grand Haven-based business that provides consultation for the marijuana industry, was nervous but optimistic on Tuesday, as she attended a gathering with the ...

Finance

Democrats have a modest, narrowing lead in 2 final congressional preference polls

While both Gillum and Abrams are African-Americans, the right-wing demonization of minorities and immigrants extends even to American Jews, not withstanding Trump's support for Israel on the foreign policy front. As the economy rebounded, so, too, did their fortunes. Meanwhile, if Republicans win, they're unlikely to attribute that victory to the real factors: a historically terrific economy, as well as a historically disconnected Democratic Party.

Finance

Amazon is giving everyone free shipping on everything for the holidays

Target last month said it would offer free two-day shipping on hundreds of thousands of items, with no minimum order size, from November 1 to December 22 - a move created to keep customers looking to shop online from defecting to rivals like Amazon or Walmart , which both charge for expedited shipping.

Finance

Apple is selling refurbished iPhone 8 and 8 Plus starting at $499

Global sales accounted for 61 per cent of the quarter's revenue. That's on the high-end of investor's expectations but flat compared to the 46 million Apple sold in the same quarter a year ago. From next quarter onwards, Apple will only report overall total revenue and cost of sales. Services revenue for the quarter surpassed $10 billion for the first time, growing 27 percent year-over-year.

Finance

Look China rich help drive global billionaire wealth to $12.3 trillion

Numerous country's 373 billionaires - nearly one in five of the global total - are self-made tycoons, often involved in the technology and retail sectors. It said 97 percent of them are self-made, many of them in sectors such as technology and retail. By UBS' estimation, 30 percent of the 199 new self-made entrepreneurs worldwide in 2017 accumulated their wealth through innovation and business model disruption.

Finance

Lucky lottery victor scoops record $1.6bn

The next drawing is on Saturday, Oct. 28. The cash option is now $428.6 million. Ticket sales in MA for that drawing totaled more than $32 million, officials said. Sales from this drawing generated more than $10 million for state beneficiaries, which include more than $4 million for environmental causes. The victor of the jackpot has 180 days to come forward to claim the prize, according to WIS-TV.

Finance

Stocks Rout to Envelop Asia as Treasuries Rally: Markets Wrap

Both the Dow Jones Industrial Index and the S&P 500 erased their 2018 gains on Wednesday in yet another disastrous day of trading and a sixth day of losses. Among the big companies slated to release quarterly results this week are Microsoft, Amazon and Colgate-Palmolive. us stocks fell sharply in morning trading Wednesday, adding to losses from a day earlier.

Finance

Saudi prince may be involved, but I want to believe he's not

The email address you have provided is already registered. It has said Mr Khashoggi died in a "fist fight" at the Saudi consulate in Istanbul on 2 October. He said there had been good co-operation with Turkey, adding: "A lot of people are trying to seize this painful situation to create a rift between Saudi Arabia and Turkey".

Finance

Floresville resident claims $5 million Mega Millions prize

Still, the odds of winning said prize are incredibly small: 1 in 302,575,350, according to the Mega Millions website . At $1.6 billion and growing, Mega Millions is at an all-time high for lotteries . Almost all winners take the cash option, which was about $904 million as of Monday morning. The Mega Millions jackpot has climbed to an estimated $1.6 billion.

Finance

Jamal Khashoggi disappearance: Saudi crown prince 'denies involvement'

After meeting with King Salman and the crown prince on Tuesday, Pompeo told reporters that Saudi Arabia has committed to conducting a complete investigation into Khashoggi's disappearance. The New York Times , citing a person familiar with the Saudi plans, reported the crown prince had approved an interrogation or rendition of Khashoggi back to Saudi Arabia.

Finance

Saudi stocks fall as tension with United States increases over Khashoggi case

Prince Khaled al-Faisal, a senior member of Saudi Arabia's ruling family and adviser to King Salman, has met Turkish President Tayyip Erdogan to discuss Khashoggi's disappearance, according to two sources with knowledge of the matter. Investment in sport has proved a viable option for those two oil-rich gulf states looking to project soft power and improve the global prestige of their nations overseas and, it's claimed, Saudi Arabia are set to look to do the same.

Finance

Sears Locations Across Texas Closing After Bankruptcy Filing

Sears Holding Corp. said it is closing unprofitable stores to lower the company's costs and increase cash flow. Remember, J.C. Penney has been more deliberate than any other retailer in recent years about trying to win market share as Sears closed hundreds of stores.

Finance

James Murdoch tipped to lead Tesla board

The billionaire, who also owns aerospace firm SpaceX , has been in the news recently as much for his erratic behavior as for his business ventures. On Wednesday, The Financial Times reported that the 21st Century Fox CEO and son of Rupert Murdoch would take the role being vacated by the electric vehicle entrepreneur following a settlement with the Securities and Exchange Commission (SEC).

Finance

United States interest rate rises are necessary, says International Monetary Fund chief

Add it all up, and it means the world's most savvy investors are betting that the USA economy will keep growing at a healthy clip, without inflation emerging, but that the Fed will have to keep raising rates well above current levels in order to prevent that inflation.

Finance

Elon Musk Resigns As Chairman Of Telsa

Under the agreement - which Clayton said was "in the best interests of our markets and our investors, including the shareholders of Tesla " - Musk will be ineligible to serve as chairman of the board for a period of three years and will be replaced by an "independent chairman", according to the SEC .

Finance

NAFTA: Lighthizer hints Mexico pact may need to be reopened if delayed

Trump went on to criticize Canadian officials and how they have negotiated during the recent NAFTA talks. Lighthizer said the timetable for the new deal was set up so Pena Nieto can approve it before he leaves office on November 30 - an arrangement that's acceptable to Lopez Obrador.

Finance

U.S., China hike tariffs as trade war intensifies

Trump had warned that the retaliatory duties by Beijing would ignite a fresh round of tariffs on $267 billion worth of Chinese imports, meaning that all Chinese exports to the U.S. as well. The white paper is the country's most comprehensive statement of its trade war stance to date and came as new tit-for-tat tariffs came into effect.

Finance

Amazon could open 3,000 cashierless Go stores by 2021

Amazon is mulling a plan to open as many as 3,000 cashierless food stores over the next three years, according to a media report. Amazon opened its first cashierless store in Seattle two years ago and has launched two additional locations in Seattle and another in Chicago.

Finance

Coca-Cola Could Make A Move Into CBD-Infused Drinks

Both Coke and rival Pepsico have been trying to expand their businesses beyond traditional soft drinks as people drink less soda because of health concerns. The company, with its iconic brands ranging from Coke and Sprite to Powerade, announced it will acquire the Costa Coffee chain for US$5.1 billion in August, and has expanded into other products including juice, tea and mineral water over the past decade.

Finance

Was Obama worse to the press than Trump?

GDP growth exceeded the jobless rate as recently as the first quarter of 2006, when unemployment was about 4.7% and quarterly GDP growth was 5.4%, government data show. "I have to kind of remind them, actually", he said in an address in IL, "those job numbers are the same as they were in 2015 and 2016". The International Monetary Fund now predicts 2.9% growth this year and next, marking the longest period of expansion in U.S.

Finance

US Businesses Plead With Trump Over New China Tariffs

Dell, Cisco, Juniper Networks and Hewlett Packard Enterprise wrote a joint letter to the U.S. Trade Representative seeking an exemption from $200 billion in new tariffs. In its letter, Apple argued that the way USA trade officials calculate the U.S. trade balance - attributing the entire value of a product to a country like China where final assembly happens - fails to reflect the true value that Apple generates in the United States.

Finance

US, Canada making 'good progress' on revised NAFTA

He said on Twitter that "there is no political necessity to keep Canada in the new NAFTA deal". Efforts to salvage the North American Free Trade Agreement as a three-country pact are due to resume Wednesday when Canada and the United States sit down at the negotiating table in a politically charged atmosphere.

Finance

Chinese billionaire arrested in Minneapolis for alleged sexual misconduct

Mr. Liu has returned to work in China ", the company said in a brief statement late on Monday, referring further questions to two USA -based lawyers representing Liu. Also known as Richard Liu, the founder of the Beijing-based e-commerce site was arrested in Minneapolis late Friday on suspicion of criminal sexual conduct, according to Hennepin County Jail records.

Finance

Trump's Labour Day surprise: an attack on union leader

But Trump issued a warning to both to Canadian Prime Minister Justin Trudeau and Congress on Saturday in a post on Twitter, writing he would go on without Canada and could unwind North American free trade if lawmakers would not support his approach.

Finance

China hosts African leaders amid aid criticism

Xi told African counterparts and business leaders Monday that China's investments on the continent have "no political strings attached", even as Beijing is increasingly criticised over its debt-heavy projects overseas. With all these developments, Africa Beyond Aid crusader Paul Kagame, President of Rwanda, maintains that "Africa is not a zero sum game". Chinese companies will be encouraged to invest no less than £7.7 billion ($10 billion) in the continent in the next three years, he said.

Finance

Trump cancels pay raise for federal workers

Specifically, I have determined that for 2019, both across the board pay increases and locality pay increases will be set at zero. "The President and his party, which controls both houses of Congress, have had every chance over the last 18 months to get serious about tackling our fiscal challenges", Warner said in a statement .

Finance

US, Mexico reach trade "understanding", Trump threatens to cut out Canada

Timelines set out under US trade law mean that would nearly certainly be done by the next US Congress, raising the prospect of further hurdles. Functionally, that likely means more vehicle parts will be built and assembled in the U.S. Trump said "we haven't started with Canada yet"-when in fact the USA has negotiated with Canada extensively, though Canada has been excluded from NAFTA talks in recent weeks-and "we'll start negotiations shortly".

Finance

Fed's Powell signals more hikes ahead if United States economy remains strong

To return to the nautical metaphor, the FOMC has been navigating between the shoals of overheating and premature tightening with only a hazy view of what seem to be shifting navigational guides", Powell said . "Inflation is near our two per cent objective and most people who want a job are finding one". Noting that the economy's " strong performance will continue" against a backdrop where there "does not seem to be elevated risk of overheating", Fed Chair Powell said that the "gradual ...

Finance

Trump Organization CFO Allen Weisselberg reportedly granted immunity

In addition to the two counts of violating campaign finance laws, Cohen also has pled guilty to six counts of fraud. The Times report notes that the Manhattan DA's inquiry is still in its early stages, and prosecutors have not yet decided whether they will proceed.

Finance

Turkish president blasts ‘economic coup’ amid heightened tensions with US

The lira dropped about 5 percent, to about 6.11 per US dollar, after US President Donald Trump posted a tweet warning the country of more punitive measures over the continued detention in Turkey of US pastor Andrew Brunson , an evangelical pastor who faces 35 years in prison on charges of espionage and terror-related charges.

Finance

White House says Turkish sanctions 'regrettable'

Brunson, from North Carolina, is under house arrest as his trial on terrorism charges continues. The Turkish lira has become volatile again at the end of a tumultuous week, after the United States warned of more sanctions against Turkey.

Finance

Erdogan says Turkey to 'boycott' United States electronic goods

The currency has been collapsing after Donald Trump doubled import duties on steel and aluminium as part of fresh sanctions on the country. Brunson's lawyer, Ismail Cem Halavurt, said the court had up to seven days to decide. sanctions on two Turkish ministers over the detention of American pastor Andrew Brunson, as well as President Donald Trump's doubling of tariffs on Turkish steel and aluminum imports last week, which resulted in a massive drop in the lira's value, ...

Finance

Man who stole plane and died in crash had North Dakota ties

Sea-Tac Airport confirmed via Twitter that an airline employee conducted an unauthorized takeoff of a Horizon Air Turbo Prop without passengers on board. The plane went through several 100-foot-high lines of trees and was fragmented from the crash into pieces tiny enough to pick up, NTSB Western Pacific Region chief Debra Eckrote said Sunday.

Finance

Turkey's finance chief: Action plan ready to ease markets

Turkey remains at loggerheads with the United States in one of the worst spats between the two North Atlantic Treaty Organisation allies in years over the detention for the last two years of American pastor Andrew Brunson and a host of other issues.

Finance

How major US stock indexes fared Friday

The S&P 500 is up 159.67 points, or 6 percent. That was a drop of 0.7 percent from Thursday's close. On Wall Street, the benchmark S&P 500 index rose modestly and remained less than half a percentage point from breaching an all-time high that was set in January.

Finance

US Jewish, Pro-Israel Groups Praise Trump's Reimposition of Sanctions on Iran

Rouhani's comments come as the US attempts to establish agreements with both Iran and North Korea. But he said the United States and allies routinely train for that possibility and are prepared to insure that freedom of navigation and commerce continues in those waters.

Finance

Donald Trump reimposes sanctions on Iran that were lifted by Barack Obama

French carmaker Renault, which does not sell cars in the USA, has said it will remain in Iran despite the sanctions. Those sanctions will also target Iran's Central Bank, the country's port operators and shipping and ship building sectors, as well as the provision of insurance and financial messaging services.

Finance

Apple becomes the world’s first trillion-dollar company

Obviously, the stock market is extremely volatile, so shares might not remain at $207.05 for very long, but for now at least, Apple is technically worth $1 trillion. The iPhone maker was named as the only publicly listed U.S. company to be valued at $1,000,000,000,000 just before 5pm this afternoon. It may have been the vision of Steve Jobs that hurtled Apple towards this milestone, but it was the business acumen of Tim Cook that tipped them over.

Finance

Harley Davidson plans smaller bike with eye on India

Coming in 2019 is the LiveWire , Harley-Davidson's first electric motorcycle. This means better dealership network, improved retail experience, smaller stores for urban areas and more. While details are sketchy as of now, 2020 is said to be the year when Harley Davidson will start launching its all-new range of motorcycles targeted at younger buyers.

Finance

Mexico President-Elect Tells Trump, We Need a New NAFTA with Development Fund

Mexico Finance Minister Jose Antonio Gonzalez Anaya said there were still several chapters of NAFTA that had not yet been closed, but that the renegotiation could be completed before incoming President Andres Manuel Lopez Obrador takes office on December 1 after his landslide victory in this month's election.