• CBOE Close to Launching Ethereum Futures

    CBOE Close to Launching Ethereum Futures

    Markets

    CBOE's rival Chicango Mercantile Exchange (CME) also launched BTC futures in December. "Putting aside the fundraising that accompanied the creation of Ether, based on my understanding of the present state of Ether, the Ethereum network and its decentralized structure, current offers and sales of Ether are not securities transactions..." The plan, which was initially revealed by Business Insider , had its impact on the cryptocurrency market.
  • Kentucky Fried Chicken will pay you to name your baby 'Harland'

    Kentucky Fried Chicken will pay you to name your baby 'Harland'

    Markets

    Harland is the first name of Colonel Sanders. The prize is $11,000 (in honor of the restaurant's 11 herbs and spices) that will go towards the child's college education. It was already an uncommon name at the time, with only 155 boys named "Harland" that year, according to the US Social Security Administration. "We hope that this celebration honors the Colonel and encourages the following generation of of us desiring to stay the American dream".
  • Trump nixes federal pay raise

    Trump nixes federal pay raise

    Markets

    Trump says in the letter that locality pay increases would cost $ 25 billion , on top of a 2.1 percent across-the-board increase for most civilian government employees. Trump said both increases should no longer happen. Rep. Gerry Connolly (D-Va.), who represents a fed-heavy district, called the decision an attempt "to balance the budget on the backs of federal workers" and "mismanagement".
  • Argentina raises interest rates to 60% as peso plummets

    Argentina raises interest rates to 60% as peso plummets

    Markets

    Argentina's central bank yanked higher its benchmark interest rate to a dizzying 60 percent on Thursday in a bid to control rampant inflation as the peso currency plummeted 15.6 percent to a record low 39 pesos per US dollar . The scandal came to light in early August , when Buenos Aires-based newspaper La Nacion published excerpts from the notebooks of a former driver in the Fernandez administration.
  • Dairy products are on the table as Canada scrambles over trade talks

    Dairy products are on the table as Canada scrambles over trade talks

    Markets

    The Commerce Department is now investigating whether to impose tariffs of 25 per cent on Canadian autos under national security provisions in US trade law. Lighthizer said he will officially notify the US Congress on Friday of the intention to enter into a new trade pact in 90 days. "But in any event, things are working out very well".
  • NAFTA renegotiation talks turn bitter at critical stage

    NAFTA renegotiation talks turn bitter at critical stage

    Markets

    Fast-forward to Thursday, when Trump told reporters for Bloomberg that he was deliberately undermining the negotiations with Canada by refusing to make any concessions. The two sides will meet again on Wednesday. USA and Canadian officials said talks will resume on Wednesday, but the White House already notified Congress Friday of its "intent to sign a trade agreement with Mexico - and Canada, if it is willing - 90 days from now".
  • Ford cancels plans to sell Focus Active in US

    Markets

    The automaker announced the decision on Friday, saying that the previously imposed tariffs on Chinese products - and the prospect of more in the future - are likely to hit the company's bottom line. The remainder of its deliveries are primarily comprised of two models imported from India and Spain: the EcoSport crossover and the Transit Connect van.
  • European Union Set to Scrap Daylight Saving Time

    European Union Set to Scrap Daylight Saving Time

    Markets

    An online poll suggested that more than 80% of Europeans were against the biannual ritual of adjusting clocks forward by one hour in the spring and then back an hour in the autumn, an established practice across most of Europe and North America.
  • GDP growth accelerates in Q1; highest in over two years

    Markets

    In a dig at the preceding UPA government, he said the economy was in shambles when Modi took over but an unfazed NDA, the entire Cabinet, "single-mindedly" focussed on putting India back on track. Agricultural growth, which mainly captures the 2017-18 Rabi season activity, increased from 3% to 5.3% between Q1 2019 and Q1 2018. "The services segments - trade, transport, finance, real estate, etc.
  • Coca-Cola is buying Costa as the United Kingdom hits peak coffee

    Coca-Cola is buying Costa as the United Kingdom hits peak coffee

    Markets

    The company said the sale of the coffee chain will allow it to focus on its Premier Inn hotels business. The Whitbread board unanimously backed the deal. The sale will yield a "substantial premium" to the value that would have been created through a spin-off, Whitbread said. The Press Association reported in May that Whitbread had been approached informally over a potential buyout of Costa.
  • Warren Buffett's firm makes an unlisted Indian entry

    Warren Buffett's firm makes an unlisted Indian entry

    Markets

    She said Buffett was not involved in the transaction. He introduced us to Todd Combs , the investment manager at Berkshire. This is Berkshire's - which holds stakes in numerous companies including Apple and Wells Fargo - first noteworthy investment in India after shuttering its local division in 2013.
  • Panasonic runs from Brexit Britain on tax haven fears

    Markets

    Panasonic's decision was driven by a fear that Japan could start considering the United Kingdom a tax haven if it cuts corporate tax rates to attract business, Laurent Abadie, chief executive of Panasonic Europe, told the Nikkei Asia Review.
  • Pres. Trump cancels pay raises for most federal employees

    Pres. Trump cancels pay raises for most federal employees

    Markets

    Under current law, the 2.1 percent across-the-board pay raise was scheduled in 2019 for all civilian federal employees, as well as location-based increases. The pay freeze was also criticized by Rep. Under the law, the 2.1 percent raise takes effect automatically unless the president and Congress act to change it.
  • Argentina's peso hits record low against USA dollar

    Markets

    The Argentine peso tumbled again, even after the central bank hiked its benchmark interest rate by 15 percentage points to a dizzying 60 percent on Thursday in a bid to control rampant inflation and stem the currency's slide. Yesterday the central bank also raised the amount of reserves local banks have to hold, in an effort to support the currency. Stock markets and major government bond yields have risen in recent weeks on hopes that a global trade war can be averted, particularly with the ...
  • Canadian court overturns approval for Trans Mountain pipeline

    Canadian court overturns approval for Trans Mountain pipeline

    Markets

    That decision means the government will have to redo part of its consultations with Indigenous groups. In a ruling issued on Thursday morning, the Federal Court of Appeal said the National Energy Board of Canada (NEB) made a "critical error" in issuing a report the federal government relied on to give the project the green light in 2016.
  • Behold: A Flying Tesla Model S

    Behold: A Flying Tesla Model S

    Markets

    Just like a scene out of the movies, the vehicle can be seen flying in the air, like lightning. According to investigators, the "airborne" vehicle came to a stop beside a tree and after skidding 100 feet in the opposite lane. A Canadian man discovered his Tesla could fly, the downside being that it's now "demolished". The 46-year-old driver, from Barrie , has since been charged with risky driving after both he and a passenger were treated for minor injuries, according to Barrie Today .