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Markets

The estimated cash option for the new jackpot - should a victor choose to take a one-time lump sum payment instead of annual payouts over 30 years - is about $905 million, according to Mega Millions officials. Jared Lucas told NC lottery officials that he and his wife made a decision to stop at a convenience store after passing a lottery billboard with the latest Megan Millions jackpot.
  • SoftBank's market value dives on tech rout, Saudi ties

    SoftBank's market value dives on tech rout, Saudi ties

    Markets

    A SoftBank spokesman declined to confirm if SoftBank executives are still planning to attend next week's conference, which has become the biggest show for investors to promote Saudi Crown Prince Mohammed bin Salman's reform vision. "We have conveyed this message directly to the Saudi authorities", the statement added. "Although we don't expect this latest diplomatic incident to lead to any sanctions on Saudi Arabia, there is always some possibility that some firms will pull out their ...
  • Winning numbers for $667 million Mega Millions jackpot

    Winning numbers for $667 million Mega Millions jackpot

    Markets

    S. history. No one has won the jackpot since July 24. The Mega Millions jackpot has soared to a record breaking $868 million for Friday night's drawing, making it the third largest jackpot in U.S. Virgin Islands. The odds of winning the massive jackpot, played in 44 states and the District of Columbia, stand at a mere one in 302.5 million, according to AP.
  • Turkish police identify 5 suspects linked to Khashoggi murder

    Turkish police identify 5 suspects linked to Khashoggi murder

    Markets

    In Turkey on Tuesday, a high-level Turkish official told the AP that police investigators searching the Saudi Consulate had found evidence that Khashoggi was killed there. USA lawmakers have been demanding scrapping of the United States dollars 110 billion mega defence deal with Riyadh , whereas heads of several companies, CEOs, newspapers have announced not to attend an upcoming finance conference in Saudi Arabia.
  • Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00

    Oil prices seeking bullish rebound on supply constraints, WTI eyeing $72.00

    Markets

    Prime Minister Narendra Modi today appealed to top oil producers, including Saudi Arabia , to help nations like India bridge what he called a "resource crunch" - a fallout of rising crude prices. Putting downward pressure on oil prices, the International Energy Agency, the West's energy watchdog, said in its monthly report that the market looked "adequately supplied for now" and trimmed its forecasts for world oil demand growth this year and next.
  • Mega Millions prize up to $654M, 4th largest in US history

    Mega Millions prize up to $654M, 4th largest in US history

    Markets

    The Mega Millions lotto drawing is up to $521 million, March 30, 2018. The two games make the combined possible winnings $999 million dollars. Nearly $1 billion in combined grand prize money could await lottery players with tickets for the Mega Millions and Powerball lottery games this week.
  • 'The Fed has gone crazy' with interest rate hikes

    'The Fed has gone crazy' with interest rate hikes

    Markets

    Never mind that Trump has been president for fewer than two years of a nine-plus year bull market. A stock market correction is defined as a fall of at least 10 percent from the high point of the last 52 weeks. "I think. the Fed is making a mistake ". They weren't. They were using amusing money. The fund downgraded its forecast for next year, citing rising interest rates and escalating trade tensions.
  • Saudis considering plan to admit that Khashoggi was killed in consulate

    Saudis considering plan to admit that Khashoggi was killed in consulate

    Markets

    A year ago alone, it spent almost $5.5 billion. It is not the first time that King Salman has sought to ease tensions surrounding the 33-year-old Prince Mohammed, who has been cultivated by the U.S. "It will be the task of political advisors and strategists to prevent Trump from causing damage to the US-Saudi relationship", he added. And business leaders are abandoning the conference, too.
  • Sears, One-Time Face of American Retail, Files for Bankruptcy

    Sears, One-Time Face of American Retail, Files for Bankruptcy

    Markets

    Is Sears still open? Edward Lampert, the hedge fund manager who has been CEO of Sears Holdings since 2013, is stepping down from that role immediately. A key unresolved aspect of Sears' negotiations with lenders involves setting deadlines for Sears to achieve specific business goals while under bankruptcy protections, the sources said.
  • Sears CEO steps in for bankruptcy financing

    Sears CEO steps in for bankruptcy financing

    Markets

    It became America's largest retailer before being overtaken by Walmart in the 1980s. This past week, Sears took a number of steps to prepare for the filing, including hiring a boutique advisory firm, naming a new restructuring expert to its board of directors and negotiating a possible bankruptcy loan.
  • Saudi dissident believes Riyadh tapped calls with Khashoggi

    Saudi dissident believes Riyadh tapped calls with Khashoggi

    Markets

    Trade in the forward currency market, used by banks to hedge investments, suggested some institutions were protecting themselves against the risk of capital outflows or USA sanctions on Riyadh after the disappearance of Khashoggi, a prominent critic of Saudi authorities, in Istanbul .
  • Oil prices hold ground, but set for 4 pct weekly fall

    Oil prices hold ground, but set for 4 pct weekly fall

    Markets

    Output, which includes crude oil, natural gas liquids, biofuels and refinery processing gains, was 2.3 million barrels above the same period previous year and 1.3 million barrels a day higher than the second quarter. Both contracts remained headed for the first weekly drop in five weeks, pressured by a big rise in USA inventories and fading concerns about shrinking global supplies due to looming US sanctions on Iran's oil exports.
  • Riyadh threatens retaliation for 'actions' against it over missing journalist

    Riyadh threatens retaliation for 'actions' against it over missing journalist

    Markets

    According to Saudi-owned Al Arabiya television, the kingdom has "over 30 measures" that it could implement to combat sanctions. "There needs to be a credible investigation to establish the truth about what happened, and - if relevant - to identify those bearing responsibility for the disappearance of Jamal Khashoggi, and ensure that they are held to account", the foreign ministers from the three countries said in a joint statement.