Markets
Ohio's minimum wage to increase in 2019
For workers in Nassau, Suffolk and Westchester Counties, the minimum wage increased to $10 at the end of 2016, then $1 each year after, reaching $12 on 12/31/2018, rising to $15 on 12/31/2021. California and Washington are also raising their wages to $12. So far, major cities that have implemented the $ 15 minimum wage , including San Francisco and Seattle, have not seen the significant job los... [Full Article...]
Land Rover Defender returns in 2020
But that's about to change, with what might be the best automotive industry holiday gift of all. "On behalf of Land Rover and our retailers, we are proud to announce the voices of American and Canadian customers has been heard: the all-new Defender will be for sale here starting in 2020". [Full Article...]
$1 million Powerball tickets sold in Illinois, WIsconsin
Last night's numbers were 5, 25, 38, 52, 67, 24. One ticket sold in NY matched all six numbers. The jackpot was estimated at $298 million with a cash option of $180 million. The newly minted millionaire - New York's third Powerball jackpot victor this year - will have to choose between a $298.3 million annuity sum or the $180.2 cash lump. [Full Article...]
Boxing Day sales: Prices slashed but footfall declines across UK
Diane Wehrle, insights director at Springboard, described the Boxing Day turnout as "poor" this year and suggested that Britons had grown so accustomed to price cuts that there was less impetus to shop on 26 December. Shopping centres were hardest hit, with turnout falling by 6.7 per cent. Footfall on the high street... The annual Boxing Day Sales takes place on Edinburgh's Princes Street. [Full Article...]
Britain voices ‘grave’ concerns over China’s Huawei
Both Huawei and ZTE rebuked the allegations, with Huawei saying it is aware of United States " government activities " aimed at curbing its business in the U.S. While the order is unlikely to name Huawei or ZTE, a source said it is expected that Commerce officials would interpret it as authorization to limit the spread of equipment made by the two companies. [Full Article...]
As stock markets plunge, Trump considers firing Federal Reserve chairman
On Monday, the market recovered by late morning, but then slid even lower after President Donald Trump tweeted: "The only problem our economy has is the Fed". The U.S. central bank's independence has increasingly returned to the spotlight amid criticisms from Trump. Coming off a turbulent week of trading on Wall Street, Treasury Secretary Steven Mnuchin on Sunday disclosed calls with the hea... [Full Article...]
Dow Notches Record 1000-Plus Point Surge in Dramatic Rebound
The major US stock markets jumped out of the gate on Wednesday after a few days of gloom that dragged them to what is shaping up to be their worst December performance ever, but then sagged as the opening frenzy died down. The president has also been lashing out at federal officials in recent days, including Federal Reserve Chairman Jerome Powell and now-former Defense Secretary Jim Mattis, wh... [Full Article...]
Tokyo's Nikkei closes down more than 5pc on fears over USA economy
Wall Street stocks extended their steep sell-off on Monday, with the S&P 500 down almost 15% so far this month, as investors were rattled by the U.S. Treasury Secretary's convening of a crisis group and by other political developments. Asian equities were shaky on Wednesday following the plunge in Wall Street on Christmas eve in the face of a series of unnerving United States political development... [Full Article...]