Category Archives: Personal Finance

Personal Finance

China Dec fx reserves rise to $3.14 trln, highest since Sept 2016 – central bank

China Dec fx reserves rise to $3.14 trln, highest since Sept 2016 - central bankChina’s foreign exchange reserves rose to their highest in more than a year in December and grew at a faster-than-expected pace, as tight regulations and a strong yuan continued to discourage capital outflows, data showed on Sunday. Notching up their 11th straight month of gains, reserves rose $20.2 billion in December to $3.14 trillion, the highest since September 2016 and the biggest monthly increase since July, central bank data showed on Sunday. Capital flight had been seen as a major risk for China at the start of 2017, but a combination of tighter capital controls and a faltering dollar helped the yuan stage a strong turnaround, bolstering confidence in the economy.

Source: Yahoo Finance

NASA: Legendary astronaut, moonwalker John Young has died

NASA: Legendary astronaut, moonwalker John Young has diedLegendary astronaut John Young, who walked on the moon and later commanded the first space shuttle flight, has died, NASA said Saturday. Young was 87. The space agency said Young died Friday night at home …

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Visa bans cryptocurrency-backed cards

Visa bans cryptocurrency-backed cardsCryptocurrencies still face plenty of challenges.

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Powerball and Mega Millions have a combined jackpot over $1 billion — here are the first 2 things the winners should do

Powerball and Mega Millions have a combined jackpot over $1 billion — here are the first 2 things the winners should doThe Powerball and Mega Millions lottery jackpots are worth over $1 billion combined. It’s wise to consult a trusted financial planner and lawyer before claiming the prize. The Mega Millions jackpot climbed to $450 million, and the Powerball lottery has an unclaimed pool of $570 million as of Friday afternoon.

Source: Yahoo Finance

GoPro cuts 200-300 jobs in aerial products unit: TechCrunch

GoPro cuts 200-300 jobs in aerial products unit: TechCrunch(Reuters) – Action camera maker GoPro Inc (GPRO.O) is cutting about 200 to 300 jobs in its aerial products division this week, technology news website TechCrunch reported on Thursday. The job cuts are …

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Sears Holdings to close 103 Kmart and Sears stores

Sears Holdings to close 103 Kmart and Sears storesSears Holdings Corp said on Thursday it was shuttering 103 unprofitable Kmart and Sears stores as it continues to streamline operations amid mounting debt and a string of quarterly losses. The department store operator, which has racked up 24 straight quarters of sales declines, said 64 Kmart stores and 39 Sears stores would be closed between early March and early April this year. Sears Holdings, once the largest retailer in the United States, said at the end of October that it operated 1,104 stores, nearly half the 2,019 stores it ran in 2012.

Source: Yahoo Finance

Tesla Model 3 drives from LA to NYC in record time

Tesla Model 3 drives from LA to NYC in record timeThe Drive editor-at-large Alex Roy drives cross-country in a Tesla Model 3, setting a record in 50 hours.

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White House: Trump did not elevate Bannon to same level a…

White House: Trump did not elevate Bannon to same level a...Press Secretary Sarah Huckabee Sanders answers questions from reporters about the president's comments on former strategist Steve Bannon.

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DOJ can’t ignore Clinton’s criminal enterprise: Chris Farrell

DOJ can’t ignore Clinton’s criminal enterprise: Chris FarrellJudicial Watch Director of Investigations Chris Farrell discusses Hillary Clinton aide Huma Abedin sending sensitive government emails to her personal email account and why the Department of Justice must look into Hillary Clinton.

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Oil hits highest since mid-2015 but settles down as outages abate

Oil hits highest since mid-2015 but settles down as outages abateOil prices hit mid-2015 highs in early trading on Tuesday but dipped to settle slightly lower as major pipelines in Libya and the UK restarted and U.S production soared to the highest level in more than four decades. Prices were buoyed by large anti-government rallies in Iran and supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures settled 5 cents lower at $60.37 a barrel.

Source: Yahoo Finance

Oil posts strongest year opening since 2014 as Iran unrest pushes up crude

Oil posts strongest year opening since 2014 as Iran unrest pushes up crudeOil prices posted their strongest opening to a year since 2014 on Tuesday, with crude rising to mid-2015 highs amid large anti-government rallies in Iran and ongoing supply cuts led by OPEC and Russia. U.S. West Texas Intermediate (WTI) crude futures (CLc1) were at $60.63 a barrel at 0747 GMT, up 21 cents, or 0.4 percent, after hitting $60.74 earlier in the day, ther highest since June 2015. Brent crude futures (LCOc1), the international benchmark, were at $67.18 a barrel, up 31 cents, or 0.5 percent, after hitting a May 2015 high of $67.29 a barrel earlier in the day.

Source: Yahoo Finance

Iran protests have violent night; at least 13 dead overall

Iran protests have violent night; at least 13 dead overallTEHRAN, Iran (AP) — Protests across Iran saw their most violent night as "armed protesters" tried to overrun military bases and police stations before security forces repelled them, killing 10 people, Iranian state television said Monday.

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Kim says US should know North Korean nuclear force a reality

Kim says US should know North Korean nuclear force a realityNorth Korean leader Kim Jong Un said Monday that the United States should be aware that his country’s nuclear forces are now a reality, not a threat. But he also struck a conciliatory tone in his New Year’s …

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Fireworks, prayers as revelers around the world ring in 2018

Fireworks, prayers as revelers around the world ring in 2018From spectacular fireworks in Hong Kong and Australia to a huge LED lightshow at the world’s tallest building in Dubai, a look at how revelers around the world are ringing in 2018: ___ CALIFORNIA The Golden …

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US investigating Ford transmission recall involving F-150

US investigating Ford transmission recall involving F-150Federal safety officials are investigating whether a Ford Motor Co. transmission recall should be widened to fix more than a million additional vehicles. Ford recalled 153,000 vehicles in 2016 because …

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Alfa Romeo working on seven-seat, mild-hybrid SUV

Alfa Romeo working on seven-seat, mild-hybrid SUVAlfa Romeo's next SUV will be larger than the Stelvio and introduce electrified powertrains to the brand.

Source: Yahoo Finance

Bad to worse: How diplomatic hopes with North Korea plunged

Bad to worse: How diplomatic hopes with North Korea plungedIn the first month of Donald Trump’s presidency, an American scholar quietly met with North Korean officials and relayed a message: The new administration in Washington appreciated an extended halt in …

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Trump wants Postal Service to charge 'much more' for Amazon shipments

Trump wants Postal Service to charge 'much more' for Amazon shipmentsSEATTLE/WASHINGTON (Reuters) – President Donald Trump called on the U.S. Postal Service on Friday to charge “much more” to ship packages for Amazon (AMZN.O), picking another fight with an online retail giant he has criticized in the past. “Why is the United States Post Office, which is losing many billions of dollars a year, while charging Amazon and others so little to deliver their packages, making Amazon richer and the Post Office dumber and poorer? Should be charging MUCH MORE!” Trump wrote on Twitter.

Source: Yahoo Finance

Why 2017 Was a Year to Remember for Ford Motor Company

Why 2017 Was a Year to Remember for Ford Motor CompanyIt started out as a year to forget — but a surprise choice for CEO made 2017 a big year for Ford.

Source: Yahoo Finance

Democrat Jones officially declared winner over Roy Moore

Democrat Jones officially declared winner over Roy MooreDemocrat Doug Jones’ historic victory over Republican Roy Moore was declared official Thursday as Alabama election officials certified him the winner of the special Senate election, despite Moore’s last-minute …

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McCain associate gets subpoenaed over connection to Trump dossier

McCain associate gets subpoenaed over connection to Trump dossierJudicial Watch President Tom Fitton discusses how an associate of Sen. John McCain (R-Ariz.) was involved with the Russian dossier.

Source: Yahoo Finance

Oil falls from 2015 highs as rally falters

Oil falls from 2015 highs as rally faltersOil prices dipped on Wednesday, as a rally ran out of momentum a session after crude hit a near 2-1/2-year high on supply outages in Libya and the North Sea. “The market continues to gravitate towards bullish news but today we are seeing a little bit of profit-taking,” said Gene McGillian, manager of market research at Tradition Energy in Stamford, Connecticut. Prices briefly pared losses in post-settlement trade after industry group American Petroleum Institute said U.S. crude stocks fell more than expected last week.

Source: Yahoo Finance

Barclays expects £1 billion writedown from U.S. tax reform

Barclays expects £1 billion writedown from U.S. tax reformBarclays expects to take a writedown of about 1 billion pounds on its annual post-tax profit as a result of the U.S. tax overhaul, the bank said in a statement on Wednesday. The reform to the tax system signed into law by President Donald Trump on Dec. 22 will force the British lender to reduce the value of its deferred tax assets, prompting it to take a one-off charge in its results for the 12 months to the end of December. Since taking the helm at Barclays in December 2015, Chief Executive Jes Staley has streamlined the bank into a transatlantic lender focused on the United States and Britain.

Source: Yahoo Finance

Oil soars, U.S. crude hits $60/bbl for first time since mid-2015

Oil soars, U.S. crude hits $60/bbl for first time since mid-2015Armed assailants blew up a pipeline pumping crude oil to the port of Es Sider on Tuesday, cutting Libya’s output by up to 100,000 barrels per day (bpd), according to military and energy sources. The state-run National Oil Corporation (NOC) said in a statement that output had been reduced by 70,000 to 100,000 bpd. U.S. crude climbed $1.50, or 2.6 percent, to end the session at $59.97 a barrel after touching a session high of $60.01, the highest since late-June 2015.

Source: Yahoo Finance

This Day in History, December 26, 2017

This Day in History, December 26, 2017Among the events that happened on this day in history, in 1968 Led Zeppelin begins first U.S. tour in Boston.

Source: Yahoo Finance

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