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Oil snaps losing streak amid renewed speculation of OPEC production cut

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Oil prices have plunged more than $20 a barrel since the start of October, when Brent crude rose to almost $87 a barrel and United States benchmark West Texas Intermediate (WTI) traded around $77. During the week-ending November 2, the API reported that US crude stocks climbed by 7.8 million barrels. Prices have fallen so quickly, that the price of crude is now on the longest losing streak since March 1983 when futures first began trading. Read More »

Tesla replaces Elon Musk as chair-he’ll stay CEO

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Elon Musk stepped down as chair of Tesla last month after the U.S. Securities and Exchange Commission (SEC) sued him for his "false and misleading" claims of potential taking Tesla private - now known as the 420 tweet . Tesla shares rose slightly to $349.34 in premarket trading. Robyn Denholm has experience in both Australia and Silicon Valley across a range of big companies, including Telstra , Juniper Networks, Sun Microsystems, as well as Toyota, where she worked in numerous ... Read More »

These are the next 4 states to legalize marijuana

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Within a residence, adults will be permitted to grow up to twelve marijuana plants and/or possess up to ten ounces of marijuana. "The data from the nine other states to have legalized marijuana made clear that regulation and taxation are a better solution". Read More »

On heels of Mega Millions, Powerball now has near-record jackpot

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Still, the Safeway ticket is one of 34 tickets nationwide to match five numbers that took home $1 million. The numbers drawn were 3, 21, 45, 53, 56 , and the Powerball was 22. The lump sum cash payout is estimated at $354.3m. "Typically, about 70 per cent of sales occur on the drawing day, so forecasting precise numbers in advance can be hard", he said. Read More »

Floresville resident claims $5 million Mega Millions prize

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A Mega Millions victor hasn't been crowned since July 24. On Oct. 9, a nine-member office pool from Kaiser Permanente walked away with a $1 million lower-tier Mega Millions prize by matching five of the six numbers. People who don't usually buy lottery tickets will come in and buy one for a high jackpot , and the people who regularly play the lottery will buy several more tickets than usual, she said. Read More »

Still No Winner Of Mega Millions’ Billion Dollar Jackpot

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Powerball , which held the record for the largest United States lottery prize of $1.586 billion in 2016, will hold a separate draw on Saturday. The previous largest single jackpot of $758 million (£580 million) was won last year by Mavis Wanczyk, a 53-year-old mother of two from MA. Read More »

Saudi Arabia admits Khashoggi killed

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Saudi Arabia said 18 Saudis were arrested and that several top intelligence officials were fired. Turkey has widened its investigation into the disappearance of journalist Jamal Khashoggi after his visit to the Saudi consulate in Istanbul , searching a forest in the city. Read More »

Turkish official: Police found evidence of Khashoggi slaying

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Pompeo had just come from Riyadh, where he spoke Tuesday with Saudi King Salman and Crown Prince Mohammed bin Salman . Earlier, US media reported that the Turkish authorities had identified five suspects in the case of Khashoggi's vanishing, four of whom had ties to the Saudi government, including the crown prince. Read More »

Trump blames 'rogue killers' over Khashoggi

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Saudi Arabian students are deciding to stay pat studying overseas instead of returning home as businesses flee deals with the Kingdom over the disappearance of Washington Post columnist Jamal Khashoggi , an official from the Center for Democracy and Human Rights in Saudi Arabia tells Sputnik. Read More »

Worldwide pressure mounts on Saudi over journalist disappearance

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They include the CEO of Uber, a company in which Saudi Arabia has invested billions of dollars; billionaire Richard Branson; JPMorgan Chase & Co. The Wall Street Journal reports that Dimon has backed out. The Saudis themselves are warning they'll respond to any "threats" against the kingdom. Russian Federation wanted it, China wanted it, we wanted it. Read More »

Trump urges Fed not to raise USA interest rates too fast

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Even Amazon ( AMZN ) dropped 6%. Trump has repeatedly touted Wall Street records as proof of the success of his economic program. The recent stock market volatility has been fueled in part by the realization that higher rates will mean higher borrowing costs for corporations. Read More »

Dutch PM 'cautiously optimistic' about progress on Brexit talks

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Former Cabinet minister Iain Duncan Smith has warned Theresa May to "listen very carefully" to the DUP's warnings they could vote against her Budget if she crosses their Brexit red lines. Commenting on the Irish backstop, Barnier said the EU's plan to keep Northern Ireland in the Single Market and customs union would help keep the border invisible - a goal of both sets of negotiators. Read More »

Petrol, Diesel Prices Rise In Metros Despite Cuts; Check Rates Here

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The consumers will get a benefit of Rs. 2.50, said finance minister Arun Jaitley while announcing the decision. With a similar increase, petrol is now priced at Rs 83.52 and Rs 84.89 per litre in Kolkata and Chennai, respectively. The effective reduction would be Rs 4.06 per litre. "Thus petrol & diesel wd be Rs. 5 cheaper in the State of Gujarat". Nationalist Congress Party's Leader of Opposition in the Legislative Council Dhananjay Munde criticized the belated decision and reiterated ... Read More »

Amazon raising minimum wage to $15 per hour starting next month

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Amazon also is encouraging other large U.S. employers to follow its lead and said it would lobby USA legislators for an increase in the federal minimum wage , now at only $7.25. "At $7.25 the federal minimum wage is a poverty wage". Amazon's senior vice president says they will be working to gain Congressional support to raise the federal minimum wage, which has been $7.25 for almost a decade. Read More »

U.S., China hike tariffs as trade war intensifies

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This latest round of tariffs is the latest escalation of the mounting trade conflict between the world's two largest economies. "We are going to get an outcome which forces China to behave in a way that if you want to be a power, a global power. Read More »

China won't devalue yuan to boost exports, says Premier Li

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Trump has threatened to " immediately pursue phase three ", which could include tariffs on another $267 billion of Chinese exports. China has vowed to retaliate further against any new USA tariffs, with state-run media arguing for an aggressive "counter-attack". Read More »

Trump makes trade announcement at the White House, possibly on NAFTA deal

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Trump said the conference call, which was broadcast live on television on Monday, was being held to "celebrate the understanding" the United States and Mexico have reached on trade, calling it "an incredible deal for both parties". NAFTA is blamed for hastening the demise of US manufacturing as automakers and other manufacturers moved factories south of the Rio Grande. A formal ceremony, Trump said, will take place later. Read More »

Verizon Throttled Data During Deadly Wildfire in California

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The executives spoke shortly after hearing from Santa Clara County Fire Chief Tony Bowden who said that his agency had experienced similar throttling in December 2017. "It really truly is meant for the rigors of first responders and how we need it", he said. However, these functions typically require 5-10 GB of data usage per day, so OES 5262 quickly used the 25 GB monthly allotment of broadband data capacity under its Verizon data plan. Read More »

National Enquirer Executives Had Safe Containing Dirt on Trump

Trump, pleaded guilty on Tuesday to campaign finance violations and other charges. Weisselberg's name was invoked on an audio recording released by Cohen's attorney, Lanny Davis, that captured then-nominee Trump talking with Cohen about a payment to acquire the rights to the story of a former Playboy model who had said she and Trump had an affair, which the Trump campaign later denied. Read More »

Tesla Go-Private Effort Advances With Board Panel to Study Offer

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Elon Musk has a big plan to take Tesla private. The board had confirmed earlier this month that it had "met several times over the last week" to discuss going private. The special committee is composed of independent directors Brad Buss , Robyn Denholm and Linda Johnson Rice . Denholm, the first woman on Tesla's board, is chief operations officer of telecom firm Telstra and the former chief financial officer of network gear maker Juniper Networks (JNPR.N). Read More »

Man who stole plane and died in crash had North Dakota ties

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The family members of the man who stole an airplane and took it on a joy ride that cost him his life described him as "warm and compassionate" and said they are "stunned and heartbroken" over his death. Russell's family said in a statement that they are stunned and heartbroken. Pierce County Sheriff's spokesman Ed Troyer told the Bellingham Herald that information was preliminary regarding the developing incident. Read More »

Turkey says Trump tariff move will harm ties, vows retaliation

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Trump tweeted. "Aluminum will now be 20% and Steel 50%. Erdogan appealed to a crowd in the city of Bayburt to exchange dollars and gold for Turkish lira to prop up the plunging currency. "One of our principles will be ensuring the full independence of monetary policy", Abayrak said as he outlined his ministry's "new economic model". Read More »

Iranian naval drill a warning on sanctions, says United States general

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On Monday, Rouhani said Iran was ready to enter talks with the US if Washington compensated the country for past damages. AJC Executive Director David Harris also commented on Trump's action, saying, "We support the USA decision". Despite threats voiced by Washington, a number of countries have refused to bow to Trump's demands to cut ties with Iran. A second batch of United States sanctions will be re-imposed on Iran in November with the aim of undermining its oil exports and shipping ... Read More »

China hits back at U.S. with $60bn tariff threat

Chinese and U.S. flags are set up for a signing ceremony during a visit by U.S. Secretary of Transportation Elaine Chao at China's Ministry of Transport in Beijing, China April 27, 2018. Still, two senior diplomats met earlier on Friday on the sidelines of a regional summit in Singapore. "China always believes that consultation on the basis of mutual respect, equality and mutual benefit is an effective way to resolve trade differences", the Ministry said. Read More »