• Strong North Carolina Snow Storm Impacts Florida Travelers
Strong North Carolina Snow Storm Impacts Florida Travelers

The Charleston International Airport also was seeing delays for flights to Charlotte. "I am declaring a state of emergency to ensure localities and communities have appropriate assistance and to coordinate state response to possible snow and ice accumulations, transportation issues and potential power outages", Northam said, according to weather....

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  • Elon Musk in 60 Minutes interview: 'I do not respect the SEC’
Elon Musk in 60 Minutes interview: 'I do not respect the SEC’

I do not respect the SEC-I do not respect them, ' says Tesla CEO Elon Musk . Musk's comments came during an interview with CBS's "60 Minutes" that aired Sunday . So essentially I could just pull for a shareholder vote and get anything that I want provided I could get support for at least a 1/3 of the other shareholders.

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  • OPEC decisions aren't shaped by Twitter: Russia
OPEC decisions aren't shaped by Twitter: Russia

In the earlier conversation, OPEC and its allies had proposed a reduction of 10 million barrels per day in oil production, in which 6.50 lakh OPECs were to be reduced. US crude was on track to end the week up 3.7 percent and Brent was 5.4 percent higher on the week so far. OPEC members account for a total 1.2 trillion barrels, or 81.9 per cent ...

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  • Huawei CFO arrested in Canada, extradition to U.S. imminent
Huawei CFO arrested in Canada, extradition to U.S. imminent

Financial markets turned negative on news of the arrest on fears it could scupper the truce. James Lewis, the director of technology policy at the Center for Strategic and International Studies, told Axios the USA should be prepared for a backlash and warned American tech executives to steer clear of China for now.

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  • Huawei chief financial officer arrested in Vancouver - Telco/ISP - Finance - Security
Huawei chief financial officer arrested in Vancouver - Telco/ISP - Finance - Security

The arrest of Wanzhou also adds pressure on Huawei , which has faced worldwide backlash, with a number of nations banning the use of Huawei gear for 5G rollouts. The US Justice Department declined to comment. "The ban was sought by Ms. Meng". China's embassy in Ottawa issued a swift reaction to the news , calling for Meng's release.

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  • Trump signals that he's open to longer China talks
Trump signals that he's open to longer China talks

Most particularly, one of the results of the G20 is that US President Donald Trump backtracked on plans of raising tariffs on $200 billion worth of Chinese products from 10 percent to 25 percent starting from January 1, 2019, stressing the necessity of talks with Beijing and threatening to persist with his plans if they don't move any further...

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  • Trump Threatens to Kill NAFTA - Again
Trump Threatens to Kill NAFTA - Again

Speaking to reporters aboard Air Force One while returning to Washington from Argentina, Trump said: "I will be formally terminating Nafta shortly". Most notably, the USMCA gives tariff-free access to imported US wheat for long-time flour-milling customers in Mexico. The president also mentioned that he would hold off for a bit at the request...

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  • Fed Chief's Remarks On Economy And Interest Rates Cheer Investors
Fed Chief's Remarks On Economy And Interest Rates Cheer Investors

Even in the face of such headwinds, policy makers said a resilient banking system shielded with larger stores of capital and cash cushions would be "less likely to amplify the effects of falling asset prices". Next month's expected quarter-point increase would lift the central bank's target for the federal funds rate to a range of 2.25 per cent to ...

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  • Powell Comments Suggest Fewer Rate Hikes Next Year
Powell Comments Suggest Fewer Rate Hikes Next Year

Some policymakers agreed with the idea of further rate increases, but also "expressed uncertainty about the timing". He also noted that the economy is close to both maximum employment and price stability, assuaging some lingering concerns from October's volatility.

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  • Oil rises as Russian Federation indicates open to cuts with OPEC
Oil rises as Russian Federation indicates open to cuts with OPEC

Abuja/Moscow: Saudi Arabia will not cut oil output on its own to stabilise the market, Energy Minister Khalid al-Falih said on Wednesday as Nigeria and Russian Federation said it is too early to signal whether they would join any production curbs.

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  • Microsoft Wins $480M Contract for Combat-Grade HoloLens
Microsoft Wins $480M Contract for Combat-Grade HoloLens

By contrast, the US Army might buy as many as 100,000 headsets, essentially tripling sales. In a document shared with companies bidding on the contract, the Army said it wanted to incorporate night vision and thermal sensing, measure vital signs like breathing and "readiness", monitor for concussions and offer hearing protection.

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  • Trump eyes more China tariffs, pushing total upwards of $500bn
Trump eyes more China tariffs, pushing total upwards of $500bn

The vast majority of iPhones and other Apple products are built in China and then exported globally. In New York, Apple Inc was down 0.5 per cent after Trump said tariffs could also be placed on laptops and iPhones imported from China. Earlier this year, Apple said products like the Apple Watch and AirPods would be affected before the USA said ...

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  • General Motors shuttering plants, cutting 15% of workforce
General Motors shuttering plants, cutting 15% of workforce

Kudlow, who met with Barra on Monday, said that Trump felt betrayed by GM, which the government had been trying to help. On Monday, GM announced that it planned to cut 14,000 blue-collar and salaried jobs, or 15 percent of its total workforce, and halt production at five factories (four in the USA and one in Canada) next year in a bid to reduce...

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  • GM to close Oshawa plant, four US plants
GM to close Oshawa plant, four US plants

In October, nearly 65 percent of new vehicles sold in the US were trucks or SUVs. It was about 50% cars just five years ago. They are working together to come up with a solution that works for GM and the employees. GM plans to reduce annual capital spending to $7 billion by 2020 from an average of $8.5 billion a year during the 2017-2019 period. ...

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  • US asks allies to shun Huawei equipment, WSJ reports
US asks allies to shun Huawei equipment, WSJ reports

One of biggest concerns of the United States government is the use of Chinese telecom equipment in several countries that have USA military bases such as Italy, Japan, and Germany. In August, Australia banned Huawei and ZTE from providing 5G technology there due to national security concerns as well. And while that's a pretty big blow to Huawei...

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  • Dow falls 550 points, dragged down by Target and concerns over retail
Dow falls 550 points, dragged down by Target and concerns over retail

The S&P 500 index fell 43 points, or 1.6 percent, to 2,693. US markets will be closed Thursday, and will be open for a half-day on Friday. Tokyo stocks opened sharply lower on Wednesday, following a plunge on Wall Street. U.S-CHINA TRADE: U.S. President Donald Trump and his Chinese counterpart Xi Jinping will meet at the Group of 20 summit in A...

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  • Prosecutors weigh bringing charges against Nissan over Ghosn case
Prosecutors weigh bringing charges against Nissan over Ghosn case

Nissan officials said they believe Ghosn used the under-reported 5 billion yen for private purposes by dipping into Nissan's investment funds and general expenses. Following Ghosn and Kelly's arrests, which were based in part on evidence gathered in a Nissan internal investigation , details have begun to emerge on some of the alleged financial ...

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  • Crude Drops 7% as Oil Markets Face
Crude Drops 7% as Oil Markets Face "Unprecedented" Uncertainty

So, the price of January futures for North sea Brent crude on London's ICE Futures exchange at 8:50 in Kiev declined to $0,46 (0.69 percent) to $66,33 per barrel. As mentioned yesterday , the oil market is not yet convinced by OPEC's strategy in believing that it will prevent oversupply, despite talk of a potential cut of up to 1.4mbpd.

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  • Nissan ousts chairman and Renault CEO Ghosn on financial violations
Nissan ousts chairman and Renault CEO Ghosn on financial violations

Economy Minister Bruno Le Maire told France Info radio that he had ordered an inquiry into Ghosn's tax affairs immediately after learning of his arrest in Japan but that it showed up "nothing in particular" about his tax situation in France.

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  • Here Are Amazon's Black Friday Deals For Sunday 18th November
Here Are Amazon's Black Friday Deals For Sunday 18th November

Amazon's Black Friday 10-day sale is now underway with the online retailer announcing a swathe of savings. Target has nearly everything you could ever need from clothes to electronics to books and more. There is one catch though as the deal is only good for new Amazon Music Unlimited subscribers. The Stage stores stay open until 1 am and open ...

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  • Work and Pensions Secretary Esther McVey resigns over May's Brexit deal
Work and Pensions Secretary Esther McVey resigns over May's Brexit deal

Media captionBBC's Laura Kuenssberg asks the PM if she "in office, but not really in power?" Mrs May would probably have to resign and Britain could stumble into a hard Brexit , which would create chaos at the ports of the English Channel in March next year when, under European Union treaties, Brexit must take place.

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  • Apple, suppliers tumble as signs mount of weak iPhone demand
Apple, suppliers tumble as signs mount of weak iPhone demand

Apple said earlier this month that it will no longer provide iPhone sales figures to investors. "Apple could have accumulated too much Lumentum inventory, and needs to work it off, in which case the unit shortfall is less, although it is still indicative of weak iPhone sales".

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  • Google bends to protestors' demands after sexual harassment 'walkout'
Google bends to protestors' demands after sexual harassment 'walkout'

Google will update its mandatory sexual harassment training, and require it annually instead of every two years as had been the case. In an email to employees, Google chief executive Sundar Pichai said it was clear that the company needed to make changes to protect its workers.

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  • Tesla names Robyn Denholm as Chairman to replace Elon Musk
Tesla names Robyn Denholm as Chairman to replace Elon Musk

Denholm will step down from Telstra after a six-month notice period. "Robyn has extensive experience in both the tech and auto industries, and she has made significant contributions as a Tesla board member over the past four years in helping us become a profitable company", said Mr Musk.

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  • Trump urges supporters to vote, knocks media
Trump urges supporters to vote, knocks media

But in the first midterm under Trump - an utterly unconventional president - there are many unknowns, above all the bottom-line impact of a president who has driven both supporters and foes to a rare fever pitch of emotion. Experts expect the state's 2nd, 9th and 13th congressional districts - George Holding vs. Linda Coleman; Mark Harris vs. Dan...

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