Markets
Asia stocks jump after Wall Street’s huge rally
Germany's DAX dropped 0.3 per cent to 10,601.98 while France's CAC 40 added 0.8 per cent to 4,664.54. Wall Street's spectacular surge gave a lift to some global markets, but the momentum has faded. Retail sales gained 5.1 percent between November 1 and December 24 as compared to a year ago, Mastercard SpendingPulse reported. It said US shoppers spent more than $850 billion this year, both online... [Full Article...]
$298M Powerball victor sold in NY; Mega Millions up to $348M
The victor of October's life-changing prize has until April 21 to claim their winnings. If the victor does not claim his or her prize by late April, the winnings will be returned to the 44 states that host Mega Million lotteries. The next Mega Millions drawing will take place Friday at 11pm. The new Mega Millions jackpot was the 30th-largest jackpot played in the US and the 13th biggest Mega Mil... [Full Article...]
Double-decker bus crashes into house in Brixton
The road in Streatham Vale was cordoned off, while police and paramedics attended the scene. Photos from the scene also appear to show damage to cars on the street. "One person at the scene tweeted: " #Streatham bus crash. 'No reports of any serious injuries. A spokesman added that there had been no arrests and enquiries into the circumstances were ongoing. [Full Article...]
Projects worth Rs 26,000 crore underway in HP: PM Narendra Modi
The rally is being held to mark the first anniversary of the formation of the Bharatiya Janta Party government in the state. Himachal Chief Minister Jai Ram Thakur, Union Health Minister J P Nadda, BJP state in-charge Mangal Pandey and BJP state president Satpal Singh reached Dharamshala Wednesday and took stock of the preparations at the rally site. [Full Article...]
New allegations against Ghosn concern payments to Saudi businessman
Their November 19 arrests jolted the worldwide auto industry and has strained Nissan's alliance with Renault SA. Ghosn's lawyer has argued that "it is unfair not to be able to meet my client during the five days over the year-end and New Year holiday period, even though prosecutors will be allowed to question him", and called for exceptional treatment. [Full Article...]
Dow soars 1,000 points, biggest point gain ever
The S&P 500 index rose 116.60 points, or 5 percent, to 2,467.70. The Nasdaq Composite Index advanced 361.44 points, or 5.84 percent, to 6,554.36. Wednesday's rally comes two days after stocks were routed on a disastrous Christmas Eve that saw the Dow and the Nasdaq suffer their worst-ever losses in December 24 trading. [Full Article...]
AG: Kentucky secures $2.8M in Wells Fargo settlement
Arizona Attorney General Mark Brnovich called Wells Fargo's conduct "particularly offensive" and said the settlement holds the company accountable while deterring similar future activity by other financial institutions. More information on the redress review program, including Wells Fargo escalation phone numbers and the Wells Fargo dedicated website address for the program, will be available on o... [Full Article...]
Dow Finishes Up 1.1 Percent as US Stocks Rebound
Stocks fell sharply Monday after Trump lashed out at the central bank. Gainers outnumbered losers in the S&P 500 by 3 to 2. Volatility has been the norm this month. US 2018 holiday sales rose 5.1 percent from a year ago to over $850 billion, the strongest gain in six years, according to a Mastercard report. A Mastercard report that sales during the United States holiday shopping season ... [Full Article...]