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Finance

Oil jumps as Goldman Sachs boosts price forecast by third

The supply side of the oil market is getting stronger. So the total lag from a change in prices to a change in production can be six to 12 months especially once delays in reporting are taken into account. USA crude exports to Asia accounted for 35 per-cent of the total in the first eight months of 2017, a figure that grew to 40 percent in September and October.

Finance

US Says Russia 'Developing' Undersea Nuclear-Armed Torpedo

It warned the regime would end if it ever launched a nuclear attack against the U.S. or its allies. A leaked pre-decisional draft reaffirms the policy of threatening nuclear use to prevent cyberattacks, but goes even further - expanding the role of US forward-deployed nuclear weapons in NATO's European defenses.

Finance

Russian fighter plane shot down by Syrian rebels who 'capture pilot'

The Sukhoi-25 is a close-support ground-attack aircraft. The pilot resisted being captured and fired at the militants who then shot and killed him, according to one of the militants and Syrian monitors. "When conducting a fight with terrorists, the pilot died", the Defense Ministry said. Syrian government warplanes killed seven civilians and injured dozens of internally displaced people in Aleppo as air strikes and shelling intensified across rebel-held areas in Syria.

Finance

Los Angeles faculty capturing by woman, 12, 'was unintentional'

A 15-year-old girl was shot in the wrist while two other children and a staff member were hit by broken glass. A 12-year-old female student was taken into police custody. "She was crying", Jordan said. He said he talked to the girl just after the shooting and she was sobbing. "My thoughts and prayers go out to the students, teachers, staff, and the entire community at Sal Castro Middle School and the Los Angeles Unified School District", he wrote.

Finance

German carmakers funded studies that made young people huff emissions

But now, it's just got worse. BMW insisted it wasn't involved in the test and called it "repulsive", while Daimler called it "abhorrent" and "superfluous". The Volkswagen Beetle used in the test was equipped with the same compromised emissions software that could detect when the vehicle was being tested in a lab environment so it was running as cleanly as it could, which I guess proves that Volkswagen will waste no opportunity to be hoisted by its own oil-burning petard.

Finance

Amazon, Berkshire Hathaway and JP Morgan to set up healthcare firm

The effort is in the early planning stages , the three companies said. "The ballooning costs of (health care) act as a hungry tapeworm on the American economy", said Buffett , the head of Berkshire Hathaway , in a prepared statement .

Finance

Recommendation Hold on Basic materials stock: Freeport-McMoRan Inc. (FCX)

The stock has "Hold" rating by Keefe Bruyette & Woods on Wednesday, August 2. Freeport-McMoRan Inc. ( FCX ) stock price escalated 0.15% to finalize at $19.99 throughout previous buying and selling session. Gabelli Funds Ltd Liability Co has invested 0.09% in Freeport-McMoRan Inc. This technique is highly famous among technical analysts. Using historical growth rates, for example, may provide an inaccurate PEG ratio if future growth rates are predictable to deviate from historical growth ...

Finance

Assange 'hypothetically' free if arrest warrant attraction granted, ruling due February 6

While the Swedish investigation is no longer being actively pursued, British authorities say the Wikileaks founder will still be arrested if he leaves the embassy. "We say it's lost its objective and its function", he said. Assange's lawyers told the Westminster Magistrate's Court on Friday that the arrest warrant against their client could no longer apply after Swedish prosecutors' decision in May a year ago to drop their probe into allegations of sexual misconduct and withdraw their ...

Finance

Crude breaks $65 as record drawdown whittles USA oil stockpiles

U.S. West Texas Intermediate crude futures ended yesterday's trading session up $1.14, or 1.8%, at $65.61 a barrel - the highest closing level since December 5, 2014. "The arbitrage is blocked because of a wider Brent-Dubai spread", said a trader with a North Asian refiner, adding that the lower arbitrage volume supports prices for light grades.

Finance

Stripe ends support for bitcoin payments

Combined, he said that all these issues had led bitcoin users to view the virtual currency as an "asset" to be traded, rather than something to make payments with. Bitcoin transaction fees had also risen "a great deal" resulting in a decrease in demand from Stripe's customers to accept Bitcoin payments , he said.

Finance

Facebook to Have Users Decide What Is 'High Quality' News

As for how to achieve this goal of high quality news, Facebook will look for content to be trustworthy , informative , and local. "This data will help to inform ranking in News Feed". A change of some sort seems necessary in the wake of the role Facebook played in distributing " fake news " - as well as political ads paid for by Russian troll farms - prior to the 2016 presidential election, not to mention Congress's subsequent call for the site to answer for its actions .

Finance

United Kingdom inflation rate drops in December

Commenting on the ONS figures Paul Hollingsworth, senior United Kingdom economist at Capital Economics, said: "The fall-back in CPI inflation from 3.1% in November to 3% in December marks the beginning of what we expect will be a sustained downward trend over the course of this year".

Finance

Man wears 8 pairs of pants, 10 shirts; gets arrested

After he gave his statement to police he returned to the airport to get an EasyJet flight he had booked for the next day. In a video he posted online, Williams said that airline employees told him he'd be able to get on the flight if he put on all his clothes , which he did.

Finance

Ethereum hits a new record high - while bitcoin and Ripple's XRP slide

For cryptocurrency investors who don't know where to start, here's a brief overview of 12 of the most popular alternatives to bitcoin that could be in for huge years in 2018. "Look closely at the data and don't be mislead". This makes it impossible to value using conventional metrics and therefore could be worthless, or may rise to $5 per Ripple coin in the future.

Finance

Cryptocurrencies will come to a bad end ―Warren Buffett

Buffett said he had no idea about how or when things would go bad for Bitcoin and other cryptocurrencies, however: "When it happens or how or anything else, I don't know". In late-morning trading, Berkshire Class A shares rose $2,010 to $306,530 and its B shares rose $1.61 to $204.63. His Iowa-based unit now runs several power companies in the United States, Canada and Britain, as well as natural gas pipelines and solar and wind farms.

Finance

Oil Prices Hit Three-Year Highs on Growth, Geopolitics

Unrest in Iran, OPEC's third-largest producer, has lent support to prices this year although output and exports have not been affected. Reinstating economic sanctions could limit Iran's oil exports. On Tuesday, the price of oil climbed higher reaching its highest level seen since May 2015 , propped up by OPEC-led production cuts and the belief that US crude inventories have fell the eighth week in a row.

Finance

Google faces racial discrimination lawsuit from fired engineer

The author of the controversial memo that upended Google in August is suing the company, alleging that white, male conservatives are systematically discriminated against by Google. It also called on Google to "stop alienating conservatives" and called into question practices like "unconscious bias" training for committees that promote employees.

Finance

GoPro Cuts Hundreds of Jobs, Stock Falls 25 Percent

In the months that GoPro was dealing with the, uh, fallout from the Karma's problems, DJI released two new smaller and cheaper drones that essentially made the Karma obsolete. It also doesn't have the cash to make an acquisition and probably won't anytime soon. It's still early, but you can bet we'll start seeing analysts weigh in on companies that might buy GoPro by issuing their own lists of suggestions.

Finance

'Tiger Zinda Hai' gives tough competition to 'Baahubali 2' on Box Office

In a video that Yash Raj has shared, we can see Katrina talking about how she trained for the film as the makers of the film wanted realistic action and the kind of unarmed combat techniques used by soldiers and members of special forces.

Finance

January starts with wolf supermoon, ends with supermoon lunar eclipse

Lunar eclipses happen when the moon goes into the shadow of the Earth, and supermoons happen when the moon's perigee (its nearest way to the Earth in a single orbit) concurs with a full moon. "The lunar eclipse on January 31 will be visible during moonset", Noah Petro of NASA's Goddard Space Flight Center explained in a news release. In eastern North America, the eclipse will be partially visible.

Finance

3GPP declares first 5G NR spec complete

At the 3GPP RAN Plenary meeting in Lisbon, Portugal, which I'm actively participating in, 3GPP successfully completed the first implementable 5G NR specifications that define the first phase of the global 5G standard . Part of 3GPP Release 15, the first version of 5G will still require fallback to LTE networks for partial operation. 5G worldwide standardization is expected to be completed by 2019.

Finance

Salvation Army Bell Ringer Beaten for Wishing a Man 'Merry Christmas'

We have been blessed by their support for some time, and with 1200 families and as many as 1800 individuals in need this holiday season, donations such as this are particularly welcome. We have three children, two twins and a four year old. "We were doing fine until about last week", Hughes said. The Salvation Army serves every zip code in the United States.

Finance

Where's the grand plan on North Korea?

This lack of coordination between the White House and State Department will only chip away at the global community's hopes for the U.S. government. The North Koreans "know where the door is". "In the conditions of such tension, one ill thought out or misinterpreted step could lead to lamentable consequences", the Russian said, warning of a "policy of mutual pressure and intimidation".

Finance

Cuomo, Christie commit to funding their halves of Gateway Tunnel

Chris Christie announced in a joint statement on December 14 that they had secured commitments to fund their share of the tunnel under a 2015 framework agreement in which the federal government will fund the other half. "Under Gov. Christie, New Jersey has consistently been the last one to the table, both on Gateway and its predecessor, Access to the Region's Core", said Nick Sifuentes, executive director of the Tri-State Transportation Campaign, citing the commuter rail project Christie ...

Finance

MA is the healthiest state in the US

America's Health Rankings Annual Report is the longest-running yearly assessment of the country's health on a state-by-state basis, the foundation's website says. "Even the top US state in each of these measures ranks toward the bottom among OECD countries". The state with the largest rank decline, however, was North Dakota, whose rankings for smoking, Salmonella and immunizations among children all declined this year.

Finance

Priyanka Chopra beats Deepika Padukone to become Asia's sexiest woman

Not only that, but she is a phenomenon on social media too - now with more than 20 million followers on Instagram. The magazine publishes its annual list of sexiest Asian men and woman mainly from the showbiz industry. She topped the list in 2016. Priyanka may have a very busy schedule but she does have time to acknowledge the recognition and the whole lot of love she gets.

Finance

Uber-Waymo Trial Delayed Again Following Allegations of Rogue Conduct at Uber

To view the full article, register now. His lawyer subsequently wrote a 37-page letter summarizing allegations that Uber used an espionage team to steal its competitors' trade secrets and tried to hide the misconduct by using computers and other devices created to leave no digital trails.

Finance

Internet giant Alibaba kicks off Singles' Day shopping bonanza with a bang

The massive, promotion-driven shopping event in China that drives the biggest one-day online sales in the world, is not the natural setting for high-end luxury brands - so e-commerce marketplace Alibaba made a place for them. Cyber Monday sales clocked in at $3.5 billion-resulting in total sales of about $8.7 billion as consumers prepared for the gift-giving holiday season.

Finance

JC Penney Share Jump on Strong Sales

Holding and gave the company a "hold" rating in a report on Friday, August 11th. Zacks Investment Research upgraded J. C. Penney Company, Inc . Now it is offering a dividend yield of 0.00% and a 5 year dividend growth rate of 0.00%. The company also slashed its full-year sales and profit expectations in October, saying it sold stagnant apparel inventory at heavy discounts amid an overhaul of its women's section.

Finance

Walmart's Black Friday 2017 ad is out!

You can go into stores and shop for Thanksgiving Day deals at 6 PM local time. Best Buy's Black Friday deals have cropped up online, showing that the retailer is offering up numerous same prices as other stores this Thanksgiving season.

Finance

Hundreds of Lidl staff getting pay rise in Northern Ireland

The increase takes the voluntary United Kingdom living wage to £3.15 more than the mandatory minimum wage for 18- to 20-year-olds. More than 3,600 employers signed up to the rates, which are higher than the statutory national living wage of £7.50 for over 25s.

Finance

Tesla gives wishy-washy outlook for Model 3 production issues

Money-losing Tesla's long-term viability depends on the Model 3, its new sedan that starts at $35,000, about half the price of its flagship Model S. Tesla posted a net loss of $619.4 million, or $3.70 per share, for the third quarter ended September 30 compared with a profit of $21.9 million, or 14 cents per share, a year earlier.

Finance

Winx wins Cox Plate for third straight year

The win takes the Chris Waller-trained mare to first on the all-time leading prizemoney earners for Australian racehorses, eclipsing the $15 million mark, as well as her 15th Group 1 victory. The nine-year-old cemented a place in his fourth Melbourne Cup with victory in the Moonee Valley Cup (2500m) over his stablemate Libran who also heads to Flemington .

Finance

Pollution kills more people each year than war, AIDS, and malaria combined

Philip Landrigan , dean of global health at the Icahn School of Medicine at Mount Sinai , New York, and the lead author of the report, told HuffPost the study is the first and most comprehensive of its kind. People who are sick or dead can not contribute to the economy. The young are not being given a chance to grow normally and without danger to their lungs and this can not be wished away by quibbling over how many deaths are caused by pollution and at what cost to the economy.

Finance

Cavaliers deal two, drop two as roster takes shape

They also received cash from the Cavaliers , per Wojnarowski , and two second round picks (2019 and 2020), according to USA Today's Sam Amick . Jefferson, 37, averaged 5.7 points and 2.6 rebounds last season in his 16th National Basketball Association campaign.

Finance

Amazon gives teens shopping independence

Pre-approving orders is done alongside establishing a spending limit, meaning that while the teen can order anything they want, they can only do such up to a certain price before the ability is taken away. The For Teens login is only made possible if the parent agrees, and parents ultimately retain the power over their teen's shopping habits, including settings spending limits and having the ability to deny an order.

Finance

Energy East pipeline cancelled

The proposed project is a 4,500-kilometre pipeline created to carry 1.1 million barrels of oil a day from Alberta and Saskatchewan to refineries in Montreal and Saint John, N.B. Gulf Coast refineries. "Albertans can't afford their carbon tax", he wrote. December 17, 2015: TransCanada files an amended application and cost estimate of $15.7 billion for Energy East.

Finance

Paddock's Girlfriend Says She Did Not Know About His Plans

He also may have scouted out the location, renting a room at the Ogden, a nearby hotel, during the Life is attractive festival a week earlier, Lombardo said. She was reportedly met by federal agents at the airport after traveling back from the Philippines. She then moved to the United States in 1989 to work as a hostess in casinos.

Finance

Why UPS and FedEx shouldn't fear an Amazon delivery service

Bloomberg said the new Seller Flex program lets Amazon take over the decision making about how those items will be delivered to customers, whether by UPS , FedEx , or by its own couriers through Amazon Logistics (look for "AMZL" on the Amazon shipping label).

Finance

China says war on Korean peninsula will have no victor

Trump has been pushing China to use its deep economic ties with North Korea to pressure the country's young leader to back down from developing nuclear weapons. With Donald Trump threatening North Korea with awful destruction , it is easy to see why the situation is worrying investors. Earlier this month, China ordered its financial institutions to take a number of steps to comply with United Nations resolutions, including halting business with sanctioned individuals and companies.