On Friday, the shares retreated, falling as much as 16 percent to $11.73 in intraday trading in NY. California Governor Gavin Newsom estimated that the finding would reduce the utility's projected liabilities by as much as $17 billion, an amount he stressed "isn't insignificant". [Full Article...]
China is poised to overtake the U.S.as the biggest retail marketplace in the world this year. At the same time, the United States share of the global e-commerce market is expected to drop to 15 percent by 2022. Compared to the overall retail sales estimate of US$5.636 trillion this year, e-commerce contributes to 35.3 percent of retail sales in the country. [Full Article...]
Adelaide beat the heat record set by Melbourne, Australia's second-largest city, of 46.4 C set in 2009. Adelaide residents escape the heat at Henley beach. But the temperatures are also testing municipal services, with SunCity buses forced to cut their services, leaving commuters searching for trams or trains to get home. [Full Article...]
The clock is ticking and, at this late stage, we appeal to Jeremy Corbyn to do the right thing by the majority of our voters, supporters and members and back a People's Vote. Ms Rudd, a prominent Remain support, wants a free vote for MPs on a series of amendments to the Brexit plan B. Conservative MP Guto Bebb, speaking on behalf of the campaign, said: "When every route to Brexit has been examin... [Full Article...]
Warren announced her bid to run for president in 2020 on December 31. If implemented, a tax like this could go some way to redressing the growth of inequality in America, which per the economists cited in the WaPo article, has seen a rise in the wealth share of the top one percent from 22 percent to 40 percent since the 1970s. [Full Article...]
Rising populism, policy uncertainty and trade conflicts have led to a sharp drop in confidence among global CEOs. - There was a sharp rise in the number of CEOs who say the economy will decline in the next 12 months, hitting 29%, up from 5% previous year. [Full Article...]
A list on the AGCO's website has not yet been updated to reflect Monday votes from cities such as Brampton and Vaughan, but so far 248 municipalities are listed as opting in, while 71 have opted out, and the rest are still listed as unknown. [Full Article...]
White House chief economic official Lawrence Kudlow has recently described the USA economy as "strong", and predicted a 3 percent growth rate for the first quarter. Hassett noted that the economy should make up any lost ground once the government reopens. Hassett on Wednesday also brushed off concerns that a prolonged shutdown could lead to a credit downgrade for the U.S. [Full Article...]