Markets
GO Transit adding dozens of new train trips
She said that as of August 31 there will be an additional 84 weekly train trips on the Kitchener, Lakeshore East and Lakeshore West lines as well as another 65 existing trips that will be extended to stop at more stations. The province says that 50 of the news trips will be on the Kitchener line with another 15 on the Lakeshore East line. "And before hourly GO service is a reality, there is no r... [Full Article...]
Bugatti unveils £7.4m limited-run Centodieci hypercar
Under the engine cover is the same 8.0-liter, quad-turbo W16 as the Chiron , but it's had the wick turned up to produce 1,600 horsepower. That was liberating. The newly developed, complex and very narrow headlamps with integrated LED daytime running lights provide the flawless match. The otherwise dominant Bugatti line, the C line on the B pillar, gives way to a new design Significantly smaller t... [Full Article...]
Bitcoin Price Surges After Bakkt Bitcoin Futures Launch Date Announced
The firm expects to launch the service on September 23. Bakkt custody has been expected for a long time since past year. Bakkt has finally been given the green light to launch after the New York State Department of Financial Services (NYDFS) finally approved the platform's custodial solution. [Full Article...]
Oil prices fall on weak global economic data
Brent crude was up 68 cents, or 1.2 per cent, at $58.91 a barrel at 0650 GMT (12:20 pm in India), after falling 2.1 per cent on Thursday and 3 per cent the previous day. China reported a surprise drop in industrial output growth to a more than 17-year low. "Saudi Arabia tells OPEC it cut July crude output to 9.58 mbpd, down 202,000 bpd m/m". [Full Article...]
Stocks up early, day after big drop
USA shoppers increased their spending in July, the Commerce Department said Thursday, with retail sales, a measure of purchases at stores, restaurants and online, climbing a seasonally adjusted 0.7% from a month earlier. "What you're seeing really is what's been driving the market the last couple of weeks: Trade tensions as well as yield curve stress", said Lindsey Bell, investment strategist ... [Full Article...]
Trump Blames Fed For Stock Market Plunge: 'China Is Not Our Problem'
The Dow Jones Industrial Average fell 3.1 percent to finish at 25,479.42, a loss of about 800 points - its worst day of 2019. The S&P 500 index, which analysts consider the benchmark for stock assessment, fell 2.75%. " We are winning, big time, against China , " President Trump continued. China's Foreign Ministry said Thursday it "hopes the USA side will meet China halfway, and implement t... [Full Article...]
CEO of Cathay Pacific Airways resigns
Hong Kong is bracing for another long weekend of protests following dramatic scenes earlier this week when demonstrators forced the closure of the financial hub's global airport. Government critics say that is being eroded by Hong Kong leaders and the Communist Party. "This is regrettable as we have always made safety and security our highest priority", Mr Slosar said in a press statement. [Full Article...]
SA's Unemployment Rate Has Shot Up To Be The Highest In Australia
However, even the future growth in employment is uncertain. "That in turn suggests that stronger wage growth is unlikely in the foreseeable future". Total unemployment increased by 800 people to 712,900. One of the surveys that is closely watched comes from employment website Seek. Seasonally adjusted monthly hours worked in all jobs increased by 8.8 million hours - 0.5 per cent - in July to 1... [Full Article...]