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Oil Prices Rise as Hopes Grow for an OPEC Output Cut

While Iran strongly commits to boost its production to pre-sanction levels, Iraq wants to be exempted from any production cuts as the country funds heavily for the war against Islamic State militants. USA light crude was up 50 cents at $46.07. Total crude output, meanwhile, fell 11,000 barrels to 8.681 million barrels a day. " Iranian and Iraqi intransigence to the proposed output cuts remains in full force while competitive pressures among Opec members was highlighted by news that ...

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Elon Musk Makes Surprising Claim About New Tesla Solar Roof

There were also complaints of a conflict of interest for Musk. Musk argued that a merger would unlock the potential of both companies and add hundreds of millions of dollars in value. "With SolarCity's shareholders also having approved the acquisition, the transaction will be completed in the coming days". SolarCity didn't disclose the percentage of its shareholders voting.

Business

Mexico raises rate 50 bps to curb inflation from peso fall

The Bank of Mexico, which has now raised its rate by 225 basis points following the U.S. Federal Reserve's rate hike last December, said the possible implementation of measures that would hinder trade between the U.S. The President-elect has threatened to unwind NAFTA and block money sent home by migrants to pay for a border wall. The peso was driven past 20 pesos per dollar last week in its biggest two-day loss since a 1995 devaluation.

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Mexico won't pay for Trump wall

Trump, who will be inaugurated 20 January has vowed to deport millions of undocumented immigrants, fence off Mexico with a border wall and threatened to rip up the North American Free Trade Agreement, putting in danger billions of dollars in cross-border trade.

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Iran beats S Arabia in India oil supply drive

Ongoing talks between members and nonmembers are expected to take place in the lead up, as they look to curb production to stabilize prices. Members of the Organization of Petroleum Exporting Countries (OPEC), of which both Iran and Saudi Arabia are a part, have planned a November 29 meeting in Vienna aiming to reverse a decline in oil prices that some analysts say may sink to under $30 a barrel if a deal is not reached.

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Research groups predict robust online holiday shopping

Cyber Monday has gained popularity over the years for shoppers not interested in the Black Friday crowds. According to the ad, the above deals will be available on Black Friday weekend. Cashiers are trained to move you along and get you out quickly with that next customer behind you. If you're thinking of picking up a games console on Black Friday and you're not sure which one to go for, check out PS4 vs Xbox One: which is better to help you make up your mind.

Business

OPEC Output Agreement Outlook Improves On Rumors Of New Iran Proposal

Oil prices held higher in volatile trading Friday, as rising United States rig counts and uncertainty surrounding OPEC's production talks weighed on the market. But since the September meeting, some producer nations in OPEC, including Iraq , have asked to be exempt from any output cut deal and the group's production in October climbed to a record of 33.83 million barrels a day.

Business

Elon Musk Says Tesla's Solar Roofs Will Cost Less Than Regular Roofs

Musk stated at one point, "The key is to make solar look good". It claimed SolarCity will boost Tesla's sales by $1 billion next year and add more than $500 million in cash to Tesla's balance sheet over the next three years. The reason why the Tesla Solar Roof can be cheaper than a regular roof is the traditional roofing supply chain is according to Musk " incredibly inefficient ".

Business

Looking for cash? Now Google will help you find nearby working ATMs

The app will ask you if the queue for the ATM was long or short - based on the answer, it will alert other users. While green pins on the map interface inside the app means that the ATMs are now active, orange pins denote that the ATMs were recently active and grey pins means that ATMs were last active in the last few days.

Business

Beijing to Trump: Climate change is not a Chinese hoax

China couldn't have invented global warming as a hoax to harm US competitiveness because it was Donald Trump's Republican predecessors who started climate negotiations in the 1980s, China's Vice Foreign Minister Liu Zhenmin said . Kerry was speaking Wednesday at a United Nations climate conference in Marrakech. American representatives presented a 111-page plan created to cut greenhouse gas emissions 80% by 2050 from their 2005 levels.

Business

One shot at Oklahoma City airport

Police say Winchester was walking towards the parking garage and Buie was on the fourth floor of the garage with what police believe to be a rifle. The airport was on lockdown for approximately five hours, when operations resumed around 6:00 p.m.

Business

Obama: Fear of globalisation the common thread behind Brexit and Trump votes

Unrest broke out as the group tried to break through a police cordon to march to the US Embassy and Presidential Mansion, where Obama was attending an official state dinner. Some 2,500 people brandishing banners denouncing U.S. "imperialism" and calling Obama "non grata", or not welcome, were turned away by police firing tear gas and stun grenades as they tried to breach barriers and head toward the city centre.

Business

Shirley Caesar Says No Twerking While Doing 'U Name It' Challenge

In a recent interview with The Willie Moore Jr . The response was none other than a classic line at the end of " Hold My Mule ", a popular gospel song by none other than the First Lady of Gospel, Shirley Caesar. Show, Caesar spoke about the viral videos, and she even did a live version of the infamous song. "I was so shocked to see them dancing and boogeying...the Lord is so good to me...to come home and millions are listening to the song..." So has your grandmother named what she's ...

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Long queues continue outside Delhi banks, ATMs

Expressing their apprehension that the two lakh ATMs in the country including the 35,000 machines located in rural areas would start dispensing cash in another three weeks time, the unions said the machines have to be recalibrated with proper cash trays.

Business

October jobs report: Unemployment rates level off in Orlando, state

Through much of the recession, economists said, the dramatic drop in unemployment may have been overstated because there were many discouraged job seekers who were no longer actively looking for work and therefore not included in unemployment calculations.

Business

Mexico 'Optimistic' President Trump to Be Better Than Candidate

The peso has tanked on fears that Trump's policy initiatives including building a border wall, deporting millions of undocumented immigrants and renegotiating trade deals could significantly hurt Mexico's economy. Some 80 percent of their exports flow directly to the world's largest economy, while 35 percent of their labor market depending directly on foreign trade.

Business

Deals and Duds in the Search for Black Friday Savings

That means their bread and butter: electronics. With the exception of specific sales on TV's, gaming bundles, Black Friday is now an online beast filled with bargains and more stock than ever before. Most of the biggest deals are already live and I have this sneak peak right here . Stores that were offering 40% off site-wide Black Friday had 50% off Cyber Monday .

Business

Obama blocks new oil, gas drilling in Arctic Ocean

It does include one lease sale in northern Cook Inlet , in 2021. After spending billions of dollars to explore the Alaskan Arctic, Royal Dutch Shell retreated in 2015 after suffering a gash in one of its ships and environmentalists had uncovered details of an old law that forced the company to cut exploration there by half.

Business

Leaking fire retardant creates foam sea outside airport

A mysterious batch of foam flooded the streets of San Jose, California, on Friday afternoon, causing widespread confusion on social media and putting people in San Jose communities at risk. Authorities said the suds are not risky, but asked people to stay away because the foam could irritate their eyes. It was then that Blake Harrington chose to ride his bike through it! Matlow told reporters crews blocked the storm drains to keep the foam from spilling into the bay.

Business

That's no snow: Sea of foam cascades from airport hangar

According to KTVU , the unusual foam welled up into the streets after a fire system malfunctioned Friday afternoon. It said, on Twitter, that a fire suppression system at the airport had malfunctioned and that local agencies were providing support.

Business

Oil Prices Waver; Market Edgy Ahead of OPEC Meeting

However, OPEC said it won't finalize details on individual output quotas until its next official meeting in Vienna on November 30. He said talks were ongoing with Qatar's Energy Minister Mohammed al-Sada, who had invited him to Qatar to continue discussions.

Business

Iraq oil minister confident of OPEC deal

The SPDR S&P 500 exchange-traded fund (SPY) finished the week with a gain of 1%, while the iShares MSCI Emerging Markets ETF (EEM) was flat. Falih earlier voiced his belief that the market was on its way to becoming balanced and that an agreement on putting ceilings on the production would speed the recovery.

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Kanye West says if he'd voted, he would've voted for Trump

According to Kanye, Trump would bring about change by exposing racism, neglecting the fact that the billionaire had made racist remarks on more than one occasion. In short, West likes that Trump also goes on long, seemingly unscripted diatribes full of empty phrases. West's wife, Kim Kardahsian West, vocally supported Hillary Clinton in the run up to the election, despite some reports that she was wavering.

Business

Ohio lost 2800 jobs in October, unemployment increases

The state unemployment rate is down one-tenth of a percentage point from the October 2015 rate of 5.6 percent. Jobs in educational and health services rose by 1,700, mostly in health care and social assistance. Labor force statistics , including the unemployment rate , are based on estimates from the Current Population Survey of households. In October 2015 it was 4.7 percent.

Business

Applications for US unemployment aid fall to 43-year low

Iowa's unemployment rate compares to a national rate of 4.9 percent. That total in October was 4,945,950. "The numbers speak for themselves", he said. Most of the claims were filed in manufacturing, administrative and support services, health care and social assistance, accommodations and food services and retail trade.

Business

Mad scramble for cash as ATMs reopen after 2 days

In a statement issued today, the Reserve Bank of India has said that consequent to the withdrawal of Legal Tender Character of existing ₹ 500 and ₹ 1000 Bank Notes, it has made arrangements to distribute the notes in new ₹ 2000 and other denominations across the country.

Business

U.S. climate skeptic shreds copy of Paris deal

The UK's ratification document is now being sent to the United Nations in NY. In practice, Trump can't cancel the Paris Agreement, which has been signed by 195 countries. So the Chinese minister seems to be asking Trump: if previous USA presidents in your party have acknowledged climate change and made a decision to address it, why are you blaming China? The move was hailed by environmental campaigners.

Business

After report about gorilla enclosure, family thanks Cincinnati Zoo again

Harambe was shot and killed on May 28, 2016 after a 3-year-old boy entered the zoo's "Gorilla World" exhibit after bypassing the barrier meant to separate the public from the primates. The animal's death unleashed a public fury that was directed both at the child's mother and at the zoo for its decision to use lethal force. Cincinnati Zoo Director Thane Maynard said in a statement that the zoo remained "committed to visitor and animal safety " and would continue to work "to ensure that ...

Business

Keystone Resort Is Open: Here's What's New in 2016

When it snows over 12 inches at any of the Utah's 14 resorts, the flake will turn green. Keystone was originally scheduled to open on November 4, while Breck was slated to open on November 11, but it snowed just three times in Summit County through all of October and the final 10 days of the month saw highs in the 50s.

Business

16 dogs found that were stolen from Fort York area

Jake Steinman, co-owner of Soulmutts Toronto, says there were 16 dogs in the van. Police say they have received reports of up to 15 dogs inside the vehicle. They were planning on taking the dogs to a local park for a walk at the time the vehicle was stolen. Police have since told the company that three other white cargo vans were taken in the area Friday and it appears the company wasn't targeted, he said.

Business

Oil Cuts Losses on Stockpile Data

Opec has ramped up diplomatic efforts this week, led by Saudi energy minister Khalid al-Falih, to help secure an output cut that will tackle persistently low prices. Brent futures fell 32 cents, or 0.7 percent, to settle at $46.63 a barrel, while USA crude lost 24 cents, or 0.5 percent, to settle at $45.57 per barrel.

Business

Giant Black Friday 2016 predictions

In the Best Buy Beat the Black Friday Rush sale, Best Buy offers Black Friday 2016 deals found in the Best Buy Black Friday 2016 ad before the Thanksgiving weekend. We saw the start of this two years ago. These early access Best Buy Black Friday sales are no fire drill. "We fundamentally disagree with the approach taken by Which? in this report and comply fully with the government's Pricing Practices Guidance, displaying a clear date from when the "was" price was taken, allowing ...

Business

Analysts Estimates and Ratings: Cognizant Technology Solutions Corporation (NASDAQ:CTSH)

Cognizant Technology Solutions Corporation had its "buy" rating reiterated by analysts at Cantor Fitzgerald. Needham & Company LLC reaffirmed a "buy" rating and issued a $68.00 target price on shares of Cognizant Technology Solutions Corp.in a report on Sunday, October 2nd.

Business

Tesla, SolarCity Get Approval for Merger

Last month Tesla took the wraps off the company's latest efforts, solar roof tiles . He unveiled handsome solar roof tiles that look like typical shingles, along with an updated version of Tesla's home battery. Musk owns 22 percent of both companies. The merger concept comes out as the solar energy business slows down. As of September 30, SolarCity had US$259.3 million in cash and cash equivalents and US$6.68 billion in total liabilities, including debt.

Business

Trump's alt-right-Jewish alliance

Quite to the contrary. Bannon also acknowledged that the alt-right movement, which Breitbart champions, has appeal to white supremacists and anti-Semites, according to an interview he gave to liberal magazine Mother Jones at this year's Conservative Political Action Conference.


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