Business

Supply discipline and demand to prop up oil prices in 2018

Supply discipline and demand to prop up oil prices in 2018 OPEC basket price reached 61 dollars and 84 cents, indicating a 13-cent increase compared to the previous week. One of the most remarkable shifts that occurred in 2017, if a very technical one, was the change in the futures curve - first for Brent and more recently for WTI. [Full Article...]

Minimum wage hike goes into effect in NY, NJ

Minimum wage hike goes into effect in NY, NJ Lawmakers later changed the law to only require employers to make up the difference when tips don't exceed the minimum wage. At the time the law passed, the country's first minimum wage was $0.25 per hour. The state attorney general may also bring an enforcement action to enforce the minimum wage. Senator Sherrod Brown is in favor of this push for $15 an hour, and he has 77 pages aimed at show... [Full Article...]

Fast food chain celebrating California's pot legalization with 'Munchie Meal'

Fast food chain celebrating California's pot legalization with 'Munchie Meal' The meal will only be available in three locations in Long Beach, CA, Snoop Dogg's hometown, from January 18th to the 25th. The price is $4.20 - which commemorates April 20, or 4/20, better known as marijuana's holiday. "Launching the Merry Munchie Meal is the flawless way for both companies to celebrate legalization in our shared home state of California", Scott Chung, COO of Merry Jane s... [Full Article...]

Six more states join FirstNet

Six more states join FirstNet USA territories have until March 12, 2018 to decide whether or not to participate in the FirstNet Radio Access Network, the communications network for America's first responders. American Samoa, Guam, and the Northern Mariana Islands are also eligible for inclusion and have until March 12, 2018, to decide if they want to opt out. [Full Article...]

South Korea to Tighten Bitcoin Exchange Rules Amid 'Speculative' Boom

South Korea to Tighten Bitcoin Exchange Rules Amid 'Speculative' Boom Following this news , the Bitcoin price has plunged by more than 11% in the past 24 hours and is now trading at $14375.70, according to CoinMarketCap . The new regulations banning anonymous accounts should make it harder for the North to turn a profit on cryptocurrency trading. The crypto currency recovered but is still down more than 7% on the day. [Full Article...]

Tiger Zinda Hai crosses 200 crore mark

Tiger Zinda Hai crosses 200 crore mark A sequel to Kabir Khan's 2012 Eid blockbuster Ek Tha Tiger , Tiger Zinda Hai has high-octane action sequences worthy of giving you the adrenaline rush. But the question what comes is will it be able to cross the collection of Prabhas' Baahubali 2: The Conclusion . But after earning Rs 35.30 crore , Salman's film has claimed the third highest day 2 collection ever. [Full Article...]

SoftBank reportedly buys major stake in Uber at a big discount

SoftBank reportedly buys major stake in Uber at a big discount Uber and SoftBank announced Thursday they had sealed a deal allowing the Japanese tech titan to take a stake in the U.S. ridesharing giant, believed to be at a huge discount to Uber's lofty valuation. One will likely go to Rajeev Misra, chief executive of SoftBank's tech investment fund; no word yet on who will fill the second seat. He continued: "We have tremendous confidence in Uber's leadership... [Full Article...]

China's Geely Holding Agrees To Buy Stake In Swedish Truck Maker Volvo

China's Geely Holding Agrees To Buy Stake In Swedish Truck Maker Volvo Geely's Chief Financial Officer Daniel Donghui Li said the company is "a well-recognised strategic long-term investor", and aims "to contribute positively to the long-term development of AB Volvo". They did not disclose the value of the transaction, which makes Geely Volvo's largest owner by capital and the second biggest by voting rights after investment firm Industrivarden. [Full Article...]

Apple CEO Tim Cook gets 74% bonus boost after sales, profit rebound

Apple CEO Tim Cook gets 74% bonus boost after sales, profit rebound This year, Apple saw a major rebound across almost all of its categories. The Apple CEO also received use of a private aircraft, which Cook was required to use for all business and personal travel. Cook's role as CEO", the company wrote in the filing with the Securities and Exchange Commission. For the fiscal year ended September 30, Cook's total payout was about $ 102 million , which includ... [Full Article...]

US Jet Slides Off Taxiway at Boston Airport

US Jet Slides Off Taxiway at Boston Airport The Airbus A320 reportedly hit a patch of ice upon landing, lost control and did a 180 degree spin, then came to a stop between two taxiways. "Everything's fine. Crews at Logan eventually cleared the runways around noon time and flights were back up and running, according to WHDH-TV . Due to low visibility on the roads, the speed limit on the Massachusetts Turnpike was reduced to 40 miles per hou... [Full Article...]

Amazon Merchants Sell One Billion Items Worldwide this Holiday

Amazon Merchants Sell One Billion Items Worldwide this Holiday Amazon's record-breaking holiday season signals mounting trouble for brick-and-mortar retailers already struggling in the face of the e-commerce giant. It said it has delivered 1 million customer packages in a single day across its 10 North American and European fulfillment centers. Amazon disgorged a laundry list of factoids touting 2017 as its biggest holiday-shopping season ever. [Full Article...]

FSU Releases Statement Saying Team Met Bowl Eligibility Requirements

FSU Releases Statement Saying Team Met Bowl Eligibility Requirements Reddit user bakonydraco , an applied scientist from the San Francisco Bay Area, challenges FSU's bowl eligibility based on the Seminoles' 77-6 win over Delaware State on November 18. "If it was amusing, it would be a comedy of errors". Only athletic scholarships being factored into the math would explain how Florida State allegedly didn't hit the necessary 90 percent. [Full Article...]

Treasury Secretary Steven Mnuchin received horse manure in package

Treasury Secretary Steven Mnuchin received horse manure in package Apparently Mnuchin, who has not yet responded to BuzzFeed News' request for comment, was at home when the package arrived, and it was so suspicious that the bomb squad was called in to investigate. The package was signed as being from "the American people", according to KABC. Mnuchin did not have to evacuate his home during the investigation, Weise said, but the investigation did force a tempo... [Full Article...]

Texas High School Kicker Joins Elite Group of Female Football Players

Texas High School Kicker Joins Elite Group of Female Football Players He noted that one of her biggest challenges comes off the field, where she doesn't have a place in the locker room with the boys and usually has to find a public dressing room to change. "They do those jobs very well, and I trust them". Strawn finished with a flawless 16-0 season with the Texas Class 1A Division II Six-Man title. "Strawn is a really close community", teammate Ivan Ruiz told Te... [Full Article...]

In rural Gujarat, Congress got more seats, BJP more votes

In rural Gujarat, Congress got more seats, BJP more votes When we went to Gujarat and we spoke to the people of Gujarat, they said there is no model. It is stealing of resources of people of Gujarat. Why is Prime Minister Narendra Modi silent on allegations relating to Rafale deal, asks Rahul Gandhi after CWC meet. [Full Article...]

Amazon acquires Blink, a smart home surveillance company

Amazon acquires Blink, a smart home surveillance company Home security provider Blink earlier this week announced a new wireless doorbell that'll debut at CES next month. Blink, based in Andover, Mass., was founded in 2009, according to Crunchbase, but came out of stealth in 2014 with a Kickstarter campaign that raised $1 million-multiple times more than the company was seeking. [Full Article...]

Here's how you can get a job working for Elon Musk's SpaceX

Here's how you can get a job working for Elon Musk's SpaceX But, given that Musk doesn't expect that Falcon Heavy's first launch to be a resounding success, it's within reason that Musk wouldn't mind parting with what was Tesla's first ever production electric vehicle instead of putting a customer's valuable satellite payload atop the "World's Most Powerful Rocket". [Full Article...]

Burlington Salvation Army Christmas kettle campaign tops $200K

Burlington Salvation Army Christmas kettle campaign tops $200K Now, they just need to raise just $12,500 each day, Friday and Saturday, to make it. Greater Baton Rouge has suffered a 14 percent decrease in Red Kettle donations in comparison to last year's donations. Pavlakis, who worked with the organization for 14 years, says he has not seen anything like this. "The Salvation Army relies on the partnership of donors - we can only do what we do with their... [Full Article...]

Facebook scraps 'disputed' tags after fake news crackdown backfires

Facebook scraps 'disputed' tags after fake news crackdown backfires It was found to be more effective to offer fact-checked articles on the same subject before someone clicked a link to a story considered dubious. Facebook said Wednesday that in its tests, fewer hoax articles were shared when they had fact-checkers' articles next to them than when they were labeled with "disputed" flags. [Full Article...]

German union calls for Friday Ryanair strike

German union calls for Friday Ryanair strike The German pilots' association Vereinigung Cockpit said its negotiations with the company yesterday ended without results. "We advise all customers in Germany to turn up as normal tomorrow, as we plan to operate all scheduled flights", a Ryanair spokesman said in an email. [Full Article...]


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