Business

Time runs out on unclaimed $1M lottery ticket sold in Victoria

Time runs out on unclaimed $1M lottery ticket sold in Victoria Original story: They might not even know it, but someone who bought a winning lottery ticket in Victoria past year is about to lose $1-million. "Over the past 10 years, approximately $5.2 million has gone unclaimed in B.C. Most unclaimed tickets are for small amounts or free tickets. It's not the only unclaimed lottery prize in Alberta either. Winners of the prizes have one year from the ... [Full Article...]

Dollar hurt as US Fed’s Powell pledges patience over economy

Dollar hurt as US Fed’s Powell pledges patience over economy The Fed chief stressed that the economy remained on track and that the job market was quite strong. China's central bank slashed the amount of cash that banks must hold as reserves for the fifth time in the past year, the latest effort to free up new lending and reduce the risk of a sharp economic slowdown. [Full Article...]

Qualcomm posts bonds to ban Apple iPhone sales in Germany

Qualcomm posts bonds to ban Apple iPhone sales in Germany The court also ordered Apple to recall infringing iPhones from third party resellers in Germany, according to a statement by Qualcomm. The Fuzhou Intermediate People's Court in China sided with Qualcomm's argument that Apple's iDevices infringe its patents related to resizing images and using touch-based navigation apps. [Full Article...]

Weather Channel App Accused Of Selling Users' Personal Data

Weather Channel App Accused Of Selling Users' Personal Data The operator of The Weather Channel mobile app misled users who agreed to share their location information in exchange for personalized forecasts and alerts, and they instead unwittingly surrendered personal privacy when the company sold their data to third parties, City Attorney Michael Feuer said. [Full Article...]

Bluefin Tuna Sells for $3 million at Tokyo Market

Bluefin Tuna Sells for $3 million at Tokyo Market The fish normally sells for up to $40 a pound ($88 a kilogram) but the price rises to more than $200 a pound near the year's end, especially for prized catches from Oma in northern Japan . Japan is the biggest consumer of bluefin tuna, leading to the overfishing of the species, with some experts warning that it faces extinction. The market opened in October and replaces the old Tsukiji market, ... [Full Article...]

Krispy Kreme delivers to cops mourning loss of doughnut truck

Krispy Kreme delivers to cops mourning loss of doughnut truck On Thursday morning, Lexington police announced that the response to their viral tweet has left a profound impact on them and has gotten them through quite hard times. The Lake Dallas Police Department of Texas replied with a gif of a crying dog, and the New York City Police Department said they were sending in reinforcements. [Full Article...]

Oil Rises to $57 on OPEC Cuts, China-US Trade Talks

Oil Rises to $57 on OPEC Cuts, China-US Trade Talks Spot prices ranged between $45.61/bbls and $47.66/bbls, ending on the $47 handle. Oil prices climbed on Thursday in choppy trading after separate surveys indicated crude output in major oil producers declined. The United States has been imported less crude oil altogether-not just less OPEC crude. "Until we see more evidence that fundamentals in the market are not as weak as some think, I think ... [Full Article...]

Assessed values of detached homes fall 12% in West Vancouver

Assessed values of detached homes fall 12% in West Vancouver A study by Mr. Yan showed that 99.7 per cent of detached properties in the city of Vancouver had an assessed value of at least $1-million in mid-2016, but he predicts that detached listings for less than $1-million will no longer be such a rare sight within city limits in 2019. [Full Article...]

Is it the China slowdown or is it just Apple?

Is it the China slowdown or is it just Apple? Analysts had been forecasting $91.3 billion, according to data compiled by Bloomberg . "While Greater China and other emerging markets accounted for the vast majority of the year-over-year iPhone revenue decline, in some developed markets, iPhone upgrades also were not as strong as we thought they would be", Cook said. [Full Article...]

Powell says he would reject any Trump request to resign

Powell says he would reject any Trump request to resign The Labour Department reported Friday that United States employers added a net 312,000 new positions in December, smashing economists' expectations. Asked at an economic conference in Atlanta if he would step down should Mr Trump request his resignation, Mr Powell said , "No". [Full Article...]

Filing Taxes during Government Shutdown

Filing Taxes during Government Shutdown The partial government shutdown could complicate this year's tax season Tax preparation companies are starting to get calls from concerned taxpayers who aren't sure what to do. When the government does re-open, when will people get their money? " They have not addressed yet if the delay is deep into tax season, will they push back the filing deadline?" That includes questions about how the new t... [Full Article...]

Briefing: Apple cuts sales forecast following weakened China sales 1 min read

Briefing: Apple cuts sales forecast following weakened China sales 1 min read Global financial markets felt the shockwaves as Apple shares logged their biggest intra-day percentage fall in six years, sending the company's stock market value to under $700 billion, well below its $1.1 trillion October peak. Shares in the technology giant fell seven per cent in after-hours trading following the surprise announcement from chief executive Tim Cook . The rare revenue war... [Full Article...]

'No decision on printing 2,000 rupee notes'

'No decision on printing 2,000 rupee notes' We have more than adequate notes of Rs 2,000 in the system with over 35 percent of notes by value in circulation being of Rs 2,000", Garg said in a tweet today. Opposition parties had argued that the Rs 2,000 note would further help money launderers and tax evaders, and backfire on one of the government's stated aims for demonetisation - checking tax evasion and money laundering. [Full Article...]

Passengers fall ill on Frontier flight from Cleveland to Tampa

Passengers fall ill on Frontier flight from Cleveland to Tampa City and airport officials "are working collaboratively to investigate all potential causes, including passenger activities before arriving at the airport". On Tuesday, passengers were delayed in Tampa after six passengers on a Frontier flight out of Cleveland became sick. The aircraft was met by local emergency medical services upon arrival in Tampa. [Full Article...]

Wall Street rises, limps across the finish line of turbulent year

Wall Street rises, limps across the finish line of turbulent year The Dow fell 5.6%. US fund investors added $5.2 billion to equity funds in the first net positive flows for such funds this month, while bonds funds saw $8.3 billion in outflows, according to Lipper data for the latest weekly period. "The fact of the matter is that there were Trump headlines over the weekend which pushed stocks higher initially, but such moves certainly don't last for very long in... [Full Article...]

Florida McDonald’s Customer Charged With Battering Workers

Florida McDonald’s Customer Charged With Battering Workers Daniel Taylor, 41, became upset Monday when there were no straws at the St. Petersburg-area McDonald's condiment bar. According to a new law, effective from January 1, 2019 in St Petersburg, plastic straws can only be given to customers upon request. [Full Article...]

Prices rise as the minimum wage increases in several states

Prices rise as the minimum wage increases in several states California, Massachusetts and Washington have the highest state minimum wages at $12 an hour. In Maine, the minimum wage increased to $11 from $10, while the minimum wage for tipped employees increased to $5.50 from $5. Despite predictions of major job losses with a higher minimum wage , that's not what happened. "Those with children and in expensive states need even more". [Full Article...]

Passengers scoop bargain premium seats after Cathay Pacific error

Passengers scoop bargain premium seats after Cathay Pacific error On Wednesday evening, a business class round-trip ticket from Hanoi to NY (via Hong Kong) was listed on the Cathay Pacific website at about US$16,000 for travel in January. While Cathay didn't immediately say whether it would honour the bookings, the mistake adds to the embarrassments for the Hong Kong carrier, which is struggling to turn its fortunes around while competition intensifies from ... [Full Article...]

Apple Reveals It Underestimated Challenges in China, Revises Guidance for Holiday Quarter

Apple Reveals It Underestimated Challenges in China, Revises Guidance for Holiday Quarter It now expects revenue of $84 billion, well below the prior range of $89 billion to $94 billion that it projected in November. Its gross margin is now expected to be 38 percent, a tick below the 38 percent to 38.5 percent range it previously forecast, suggesting a mix shift to lower priced, less profitable products. [Full Article...]

Tesla sinks as price cuts signal a ceiling for costlier models

Tesla sinks as price cuts signal a ceiling for costlier models The move follows a wave of price cuts (and jumps) as Tesla trimmed option packages , colors, and equipment to increase production. Bearish investors are likely interpreting the price cut as an attempt to stimulate demand, but Ives said it was more of a way to soften the blow from the tax credit drop. [Full Article...]


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