• Americans to receive tax refunds despite government shutdown
Americans to receive tax refunds despite government shutdown

The announcement is a reversal of a long-standing policy to withhold refunds during shutdowns . According to The Hill , the White House order " could be illegal ". Enacted by Republicans in December 2017, the changes provided for $1.5 trillion in tax cuts mainly financed by government deficits. "There is a pot of money to pay refunds, b...

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  • California utility assessing finances amid wildfire links
California utility assessing finances amid wildfire links

Bankruptcy "should be considered a credible risk by shareholders", they said . Lawmakers were in talks late previous year for legislation to protect the company from liabilities related to the 2018 fires. Despite the news, UBS analyst Daniel Ford raised his price target from $26 to $29, saying it assumes PG&E is "not liable for Tubbs and reflects...

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  • Oil rises to $58.53; lifted by OPEC cuts, steadying stock market
Oil rises to $58.53; lifted by OPEC cuts, steadying stock market

Oil futures have gained more than 7 percent since last Monday. WTI crude for February delivery rose as much as 77 cents to $49.29 a barrel in New York, Brent crude for March settlement gained 97 cents to $58.30 a barrel in London. As a result, U.S. crude oil production rose by a whopping 2 million barrels per day (bpd) past year to a world re...

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  • China-US Trade Deal Has 'Very Good Chance,' Ross Says
China-US Trade Deal Has 'Very Good Chance,' Ross Says

President Donald Trump has accused China of pursuing dishonest economic practices, including currency manipulation and the forced sharing of intellectual property, among other accusations that the White House has labeled a threat to job security at home.

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  • Sears rejects bailout bid, hundreds of stores likely to close
Sears rejects bailout bid, hundreds of stores likely to close

Last week, Sears Chairman Eddie Lampert submitted a $4.4 billion bid to keep afloat at least part of the retailer, which owns both Sears and Kmart. Lampert's ESL Investments said late last month it was prepared to pay $4.4 billion for numerous retailer's remaining assets, including about 425 Sears and Kmart stores.

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  • Samsung posts Q4 guidance, profit goes down 38%
Samsung posts Q4 guidance, profit goes down 38%

In Samsung's case, the tech giant estimated its operating profit for the three months ended December was approximately 10.8 trillion Korean won (approximately $9.67 billion), which is roughly 29 percent down year-over-year and about 18 percent less than the 13.2 trillion won predicted by analysts.

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  • Hyundai Elevate Concept Is A Futuristic Go-Anywhere Vehicle
Hyundai Elevate Concept Is A Futuristic Go-Anywhere Vehicle

The vehicle would drive to the scene of an natural disaster or tsunami, for example, and then lift itself up on legs to walk across ground that would bring regular vehicles to a halt. This allows Elevate to drive at highway speeds just like any other vehicle. When required it has the capability to climb over a five foot tall wall, step over a fiv...

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  • Heathrow Airport suspends all flights due to 'drone sighting' - latest updates
Heathrow Airport suspends all flights due to 'drone sighting' - latest updates

We are responding to a drone sighting at Heathrow and are working closely with the Metropolitan Police to prevent any threat to operational safety. Following the end to the initial drone-related disturbance at Gatwick , Security Minister Ben Wallace said: "I can say that we are able to now deploy detection systems throughout the United Kingdom...

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  • Why Elon Musk's New Shanghai Gigafactory Is Crucial for Tesla
Why Elon Musk's New Shanghai Gigafactory Is Crucial for Tesla

The electric automaker purchased the site a year ago for roughly $140,000 and intends on building the 860,000-square-meter site far quicker than is typical of automotive factories, Forbes reports. Other electric vehicle manufacturers in China include BYD Auto, BAIC Group, and government-owned Shanghai Automotive Industries Corp. He said the s...

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  • December Jobs Reports: US Ends 2018 with Bang; Canada with Whimper
December Jobs Reports: US Ends 2018 with Bang; Canada with Whimper

The labor force participation rate, or the proportion of working-age Americans who have a job or are looking for one, rose to 63.1 percent last month from 62.9 percent in November. The average monthly increase in USA construction jobs in 2018 was +23,000, which was +12.0% higher than 2017's average monthly increase of +21,000.

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  • Trump Prefers Congress Deal on Wall to Declaring Emergency
Trump Prefers Congress Deal on Wall to Declaring Emergency

A White House aide told Breitbart News that there is always a possibility that the president will visit the border in January but did not have specific guidance on the president's future plans. In an interview on NBC, Republican Senator Susan Collins of ME called the debate about whether the barrier should be constructed out of concrete or steel...

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  • Can fresh US-China trade talks bring a breakthrough?
Can fresh US-China trade talks bring a breakthrough?

Lu Kang, spokesman for the Chinese foreign ministry, said: "From the beginning we have believed that China-US trade friction is not a positive situation for either country or the world economy". Economic data show the Chinese economy has suffered since Trump past year slapped stinging tariffs on more than $ 250 billion in Chinese imports. The st...

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  • Would Apple ever do something like this? Unrealistic iPhone XI renders?
Would Apple ever do something like this? Unrealistic iPhone XI renders?

Similar could be the case this year as well. These models will succeed the current iPhone XR, the iPhone XS, and the iPhone XS Max . There's no doubt the iPhone XI will support wireless charging and have aluminium core - even if it is for the premium models.

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  • Tesla Shanghai factory ground breaking
Tesla Shanghai factory ground breaking

On Friday, the 4th of January, the Tesla Inc. said that they had been planning to start delivering their Model 3 cars to the customers in China from March, 2019, concreting the time-frame, which was tweeted by Tesla head, Elon Musk previous year.

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  • China to cut reserve requirement ratio by 1 percentage point
China to cut reserve requirement ratio by 1 percentage point

Just how badly is China's economy doing? Lowering the ratio is expected to boost lending. "It is hard to clearly understand the overall policy effect as every institution has to make their own calculations", said Ding Shuang, chief Greater China economist at Standard Chartered Bank.

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  • Polestar 2 teaser provides first glimpse of Tesla Model 3 competitor
Polestar 2 teaser provides first glimpse of Tesla Model 3 competitor

The company says that the Polestar 2 will come with a range in access of 480 km to a single charge. The brand announced its style to be four-door "fastback"-like, and derived from the 40.2-concept auto, but as of yet did not show more than the picture you see above this article".

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  • Apple Inc. (AAPL) Given Consensus Recommendation of
Apple Inc. (AAPL) Given Consensus Recommendation of "Hold" by Brokerages

Companies such as General Motors, Caterpillar and Daimler have all said recently that trade tensions and slower growth in China are damaging their businesses. A slew of brokerages had reduced their first-quarter production estimates for iPhones after several makers forecast weaker-than-expected sales, leading some market watchers to call the peak f...

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  • UK Construction Growth Weakest In 3 Months
UK Construction Growth Weakest In 3 Months

The Caixin manufacturing purchasing managers' index (PMI) fell to 49.7 in December from 50.2 in November, compared with an expected 50.2. Demand was also hurt by higher interest rates and economic uncertainty, the report said . However, mirroring new orders, the rate of expansion of output eased and was the slowest in nine months. USA official...

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  • Education company to stop collecting on NM student loans
Education company to stop collecting on NM student loans

Addressing fraud and abuse in student lending has been a top priority for AG Healey since taking office, whether taking predatory schools to court, changing the practices of student loan servicers, going after unlawful student loan "debt relief" companies, or helping student borrowers find more affordable repayment solutions through her first-in-th...

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  • McDonald's clerk fears retaliation after viral video of alleged attack by customer
McDonald's clerk fears retaliation after viral video of alleged attack by customer

He was later arrested when police responded to an unarmed robbery on the 1800 block of 34th St. S. Taylor, a white man, falsely told police he was robbed by a group of black people, St. James told the Atlanta Black Star that rumors that she herself had been fired were untrue and that she was instead on paid leave. Hearing such words against her...

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