Business

Oil prices edge lower after USA fuel inventories build

Oil prices edge lower after USA fuel inventories build Brent crude futures were down 69 United States cents, or 1.1 per cent, to settle at $US63.66 a barrel. A larger than expected crude inventory drawdown offset by large builds in refined product inventories led to crude prices on Wednesday falling over 1 percent , extending a 3 percent-plus drop in prices in the previous session. [Full Article...]

US Gulf of Mexico oil, gas producers begin restarting after Barry

US Gulf of Mexico oil, gas producers begin restarting after Barry Both contracts last week made their biggest weekly gains in three weeks as U.S. oil inventories fell and diplomatic tensions rose in the Middle East. The first named storm of the season forced the suspension of more than two-thirds of oil output from the Gulf of Mexico, but with the storm past and dissipated over Louisiana, workers were returned to the evacuated platforms. [Full Article...]

'Many MPs' would work to block no-deal departure, Brexit Secretary warns

'Many MPs' would work to block no-deal departure, Brexit Secretary warns That means lawmakers would be sent home two weeks earlier, hindering their ability to stop Britain leaving the European Union without a deal. Conservative Party members are presently in the final stages of selecting the next leader of their party, who through the composition of the present British Parliament will become the next Prime Minister when the votes are counted and the succession made... [Full Article...]

Elon Musk unveils brain-on-a-chip, seeks human trials in 2020

Elon Musk unveils brain-on-a-chip, seeks human trials in 2020 As reported by the Guardian , Musk told attendees at an event hosted by the California Academy of Sciences in San Francisco that the startup is pressing forward with its project and has managed to create a form of " thread " which can track the activity of neurons. [Full Article...]

Updated air passenger rights protections in effect

Updated air passenger rights protections in effect Also beginning today, all communications, including tickets, from an airline must contain clear information on passenger rights and how to claim them. Garneau said terms are clearly defined, but reiterated that delays or cancellations following a pre-flight check are not considered something which warrants compensation. [Full Article...]

Ohio State says its reviewing Jeffrey Epstein donations

Ohio State says its reviewing Jeffrey Epstein donations That deal was brokered by Alexander Acosta, a former USA attorney in Miami who resigned last week as President Donald Trump's labor secretary after public outrage over the Epstein agreement reached a fever pitch. Wild said she was sexually abused by Epstein in Palm Beach, Fla., when she was 14. Farmer says she was 16 when she "had the misfortune" of meeting Epstein and later went to spend time wit... [Full Article...]

Goldman Sachs Reports Profits, Revenue Slipping

Goldman Sachs Reports Profits, Revenue Slipping Investment banking revenues fell 9%, weighed down by "significantly lower net revenues in debt underwriting, primarily reflecting lower net revenues from investment-grade and leveraged finance activity", although the fall was not as bad as analysts had predicted. [Full Article...]

China says Trump 'misleading' people linking trade deal, slowing economy

China says Trump 'misleading' people linking trade deal, slowing economy U.S. President Donald Trump on Monday seized on slowing economic growth in China as evidence that U.S. tariffs were having "a major effect" and warned that Washington could pile on more pressure as bilateral trade talks sputtered along. One source familiar with the negotiations said the USA side wants China to clarify what negotiating document will form the basis for further talks before locking i... [Full Article...]

Facebook counts $5bn cost of Cambridge Analytica scandal

Facebook counts $5bn cost of Cambridge Analytica scandal Facebook has reportedly been hit with one of the biggest fines in history over privacy violations as part of the Cambridge Analytica scandal . "This hardly counts as effect for Facebook's gross misconduct and violation of users' privacy ", said Reem Suleiman, senior campaigner at SumOfUs, in a statement shared with Fox News via email. [Full Article...]

Vodafone must also refund users stung by third-party billing

Vodafone must also refund users stung by third-party billing Direct billing services (DCB) allow third parties to sell digital content like games and ringtones and charge customers directly to their phone bill, often without their knowledge or consent. However, consumers could still be charged for one-off purchases without any identity verification until March 2018. As part an undertaking with the ACCC announced on Tuesday, Vodafone will offer refunds f... [Full Article...]

Woman Gets Marijuana Cake Instead of 'Moana' Cake

Woman Gets Marijuana Cake Instead of 'Moana' Cake Davis is OK with how everything turned out. "I think they thought that she said " marijuana " because we're from south Georgia, we kind of have an accent, so, 'Moana , ' marijuana". 'Look at everything that it took, ' she told USA Today . But to be at this job for nearly a year and not have a write-up, not be in trouble, and to just be let go because of mistake, it's not amusing to me'. [Full Article...]

FTC Votes to Settle With Facebook for $5B

FTC Votes to Settle With Facebook for $5B The FTC Commissioners were divided along party lines, 3-2, with Republican commissioners supporting the measure and the Democratic commissioners against it. Facebook could be facing a record-breaking $5 billion (almost £4 billion ) fine. The tech industry group NetChoice praised the fine, saying it would motivate companies to improve their privacy practices. [Full Article...]

Dealmaster: Amazon discounts nearly its entire product lineup for Prime Day 2019

Dealmaster: Amazon discounts nearly its entire product lineup for Prime Day 2019 The full list of Amazon's video game deals, from console bundles to accessories and individual games, can be browsed here . If you're undecided on the Echo Dot or want to learn more about the smart speaker, we've answered some common questions below to help make your buying decision. [Full Article...]

Tropical Storm Barry’s wind and rain hit Louisiana coast

Tropical Storm Barry’s wind and rain hit Louisiana coast All state resources, including helicopters, aircraft, trailers, generators and dozens of state employees, will be on standby. Hurricane Barry unloaded powerful winds and heavy rains as it finally made landfall Saturday along the Louisiana coast. [Full Article...]

Trump fires a broadside at Facebook's online currency

Trump fires a broadside at Facebook's online currency Federal Reserve Chairman Jerome Powell spoke about Bitcoin during a Senate testimony earlier this week, where he noted that the advent of cryptocurrencies could put the USA into a new era of banking. Furthermore, looking at Bitcoin's Google Trends chart , the searches for the phrase "bitcoin" have significantly increased - from 41 to 100 - after Trump's tweets in the United States. [Full Article...]

Nationwide Telstra outage takes out ATMs, EFTPOS

Nationwide Telstra outage takes out ATMs, EFTPOS The banking institution also revealed to us which of its services are being impacted. Caltex and Woolworths also reported issues with their payment systems. If you or your business are experiencing issues, tell us about it in the comments. Telstra apologised "for any issues caused" said it will provide an update once it knows more. [Full Article...]

Starbucks adds 'Tie-Dye Frappuccino' to menu for limited time

Starbucks adds 'Tie-Dye Frappuccino' to menu for limited time Starbucks new tie-dye frappucino is here for a limited time. Starbucks launched a brand new Tie-Dye Frappuccino on Wednesday. The drink is only available for a few days, Starbucks says. This combination reportedly creates a "tropical fruit flavor" in the beverage. Another said "the overall flavor is a light banana with a hint of vanilla". [Full Article...]

Asian Stock Gains Muted; Dollar Slips on Powell: Markets Wrap

Asian Stock Gains Muted; Dollar Slips on Powell: Markets Wrap The Dow Jones Industrial Average . DJI rose 227.88 points, or 0.85%, to 27,088.08, the S&P 500 . SPX gained 6.84 points, or 0.23%, to 2,999.91 and the Nasdaq Composite . On Thursday, President Trump said that China hasn't followed through on its promise to by US agricultural products. Speaking at a Senate Banking Committee hearing in Washington, Powell said immigration and tariffs combined w... [Full Article...]

Ford, Volkswagen to broaden global alliance

Ford, Volkswagen to broaden global alliance The need for cost-sharing partnerships is underlined by the current downturn in vehicle sales and predicted changes to ownership models as new technologies are proven. In a news release, the German automaker says it has invested $7 billion into the Modular Electrical Toolkit ( MEB ) since it started working on the architecture back in 2016. [Full Article...]

Dem Congresswoman Says Talk of Pelosi Feud With Freshmen Dems Exaggerated

Dem Congresswoman Says Talk of Pelosi Feud With Freshmen Dems Exaggerated He called those making the claims "ignorant" of racial history. In her interview with The Post , the New York Democrat was responding to Pelosi's admonishment in a closed-door meeting that appeared directed at her and the other lawmakers that make up what's been dubbed "the Squad". [Full Article...]


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