Markets

Oil extends losses as markets fall, inventories climb

Oil extends losses as markets fall, inventories climb USA crude futures CLc1 were trading down over 1 percent at $74.14 per barrel Wednesday morning, reflecting the declining importance of Gulf of Mexico output that has resulted from the growth of production from the nation's onshore shale fields. [Full Article...]

BMW raises stake in main China JV with $4.2 billion deal

BMW raises stake in main China JV with $4.2 billion deal BMW is one of the biggest exporters of vehicles from the United States to China, putting it firmly in the crosshairs of the trade war. Foreign automakers have always been restricted to holding no more than a 50 percent stake in their China operations, but Beijing chose to relax the ownership caps this year. [Full Article...]

A marathon 19 hours in the air

A marathon 19 hours in the air The Singapore Airlines flight took just over 18 hours to fly the more than 9,000 mile journey from Singapore . At 4.35pm today (11.35pm in Singapore ), Flight SQ22 will leave the tarmac at Changi Airport. The Australian national flag carrier also plans to fly non-stop from Australia to North America - slightly shorter than the London-Sydney non-stop flight. [Full Article...]

Latest Boston Dynamics Video Proves The Robot Uprising Will Be Shockingly Nimble

Latest Boston Dynamics Video Proves The Robot Uprising Will Be Shockingly Nimble Atlas uses computer vision to locate its position in relation to objects, allowing it to approach and hit, or avoid, obstacles with accuracy. Boston Dynamics has published another video showcasing its Atlas robot and the new skills it has acquired. [Full Article...]

Facebook hackers stole info from 29 million accounts

Facebook hackers stole info from 29 million accounts With those 400,000 accounts, the hackers used the same vulnerability to steal information on millions of Facebook users. Out of those 30 million , hackers accessed name and contact details for half of them, Facebook Vice President of Product Management Guy Rosen said in a blog post Friday. [Full Article...]

IMF warns Pakistan against ‘excessive loans’ from China

IMF warns Pakistan against ‘excessive loans’ from China Over the weekend, the PBOC cut bank reserve requirement ratios for a fourth time this year to ease credit conditions and support businesses, including exporters hit by the US trade war. It said that risks to the short-term outlook had "shifted to the downside". "An intensification of trade tensions and the associated further rise in policy uncertainty could dent business and financial market sen... [Full Article...]

Trump blames stock market drop on Federal Reserve

Trump blames stock market drop on Federal Reserve Three have PhDs in economics and three have law degrees. Trump said Tuesday that the economy is enjoying "record-setting" numbers and "I don't want to slow it down even a little bit, especially when we don't have the problem of inflation". [Full Article...]

Social Security benefits rising in 2019, biggest hike in 7 years

Social Security benefits rising in 2019, biggest hike in 7 years For the second year in a row, USA seniors will see increases in their Social Security checks starting in January. The annual cost of living adjustment is pegged to inflation, which has been rising faster over the past year. Advocates for seniors claim the inflation index doesn't accurately capture costs faced by seniors, especially health care . Recipients and experts say that the increase is... [Full Article...]


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