Senate Passes Bill to Pay Federal Employees After Shutdown

But with talks at a standstill over the president's demand for $5.7 billion in border wall funding and 800,000 federal workers missing a paycheck Friday, the White House is clearly exploring the possibility. " More than 11,000 in Pennsylvania are ... More..

by | Published more than a month ago
Sears reportedly seeks to liquidate after rejecting investor's last-ditch takeover bid
by | Wednesday, January 09, 2019

Sears reportedly seeks to liquidate after rejecting investor's last-ditch takeover bid

ESL wanted to finance a portion of the $4.4 billion bid by trading $1.3 billion in Sears debt it holds for ownership in the new company. Lampert will be able to use debt he controls as part of his bid, a proc...More..

United States warship sails in South China Sea amid trade talks with Beijing
by | Tuesday, January 08, 2019

United States warship sails in South China Sea amid trade talks with Beijing

Trump imposed import tariffs on hundreds of billions of dollars of Chinese goods a year ago and has threatened more to pressure Beijing to change its practices on issues ranging from industrial subsidies to...More..

IRS will not issue refunds during partial government shutdown
by | Monday, January 07, 2019

IRS will not issue refunds during partial government shutdown

While the document notes the plan can be reassessed and furloughed employees can be recalled, The Wall Street Journal reported Wednesday and CNN reported Thursday that the IRS generally does not issue ref...More..

Apple cuts revenue guidance because of slow sales in China
by | Monday, January 07, 2019

Apple cuts revenue guidance because of slow sales in China

Cook's unscheduled update had the effect of unsettling investors in other major tech firms, including Amazon .com Inc. and Microsoft Corp., which both saw their stock fall today, the first trading day of 2...More..

Apple shares plunge almost 10% behind revenue warning
by | Saturday, January 05, 2019

Apple shares plunge almost 10% behind revenue warning

The underwhelming demand primarily came from China, Cook states, although the same can be said of iPhone sales "in some developed markets" as well. He is calling for them to move manufacturing to the USA, h...More..

Stock markets bounce back up as see-saw trading continues
by | Saturday, January 05, 2019

Stock markets bounce back up as see-saw trading continues

Apple's stock had fallen 32 percent from an October peak to its close of $157.92 Wednesday amid growing concerns about the iPhone. South Korea's Kospi added 0.8 per cent. FedEx Corp., Starbucks Corp., Tiffan...More..

Video shows McDonald's customer attacking worker over straw
by | Friday, January 04, 2019

Video shows McDonald's customer attacking worker over straw

According to customers in store, the man had became agitated after not being able to find a straw in the restaurant. He said there was no such law . James was not injured, according to the affidavit. On his w...More..

New Year’s Day Mega Millions jackpot climbs to $425 million
by | Thursday, January 03, 2019

New Year’s Day Mega Millions jackpot climbs to $425 million

This past year also saw numerous other largest jackpots in Mega Millions history. Officials said it is the second time the jackpot has been won on New Year's Day. A winning Pennsylvania Lottery Mega Million...More..

Sears chairman makes $4.4B bid to save company
by | Tuesday, January 01, 2019

Sears chairman makes $4.4B bid to save company

In this November 2018 photo, a sign in the window at Sears promises that 'This isn't goodbye, ' at the Livingston Mall in New Jersey. All locations included in the release will be closed by late March 2019, w...More..

Cyberattack targets newspapers in U.S., prevents some from publishing
by | Monday, December 31, 2018

Cyberattack targets newspapers in U.S., prevents some from publishing

A cyberattack which appeared to originate from overseas disrupted the publication and distribution of numerous newspapers in the United States, papers hit by the malware said. The Union-Tribune, a former Tri...More..

Lampert's hedge fund says bid submitted to save Sears
by | Sunday, December 30, 2018

Lampert's hedge fund says bid submitted to save Sears

Sears Holdings Corp Chairman Eddie Lampert submitted a $4.4 billion takeover bid for the bankrupt USA retailer, representing its only chance of escaping liquidation and laying off tens of thousands of worker...More..

Amazon breaks own records this holiday
by | Saturday, December 29, 2018

Amazon breaks own records this holiday

While in-house products like Amazon Fire TV , Fire Tablet and Kindle products were best sellers for the tech giant, it also reported that more than 50% of the products it sold this holiday season were from sma...More..

Stocks rebound after pre-holiday thumping
by | Saturday, December 29, 2018

Stocks rebound after pre-holiday thumping

The bear market that investors feared may have to wait, at least temporarily. Stocks had taken a beating recently on lingering worries about the economy and caution over persisting political uncertainties, ...More..

Reasons the stock market is jittery
by | Saturday, December 29, 2018

Reasons the stock market is jittery

Despite that answer, reporters again asked whether that meant Powell's job was safe, to which Hassett - who heads the USA government's Council of Economic Advisers - responded "Absolutely". "But what's bad is t...More..

Wells Fargo agrees to pay $575 million to resolve state investigations
by | Saturday, December 29, 2018

Wells Fargo agrees to pay $575 million to resolve state investigations

Under the new agreement announced on Friday, the bank will also create teams to review and respond to customer complaints about its banking and sales practices. Reuters reported that the settlement would also c...More..

Sears just hours from liquidation that would close every store in US
by | Saturday, December 29, 2018

Sears just hours from liquidation that would close every store in US

The 130-year old retailer set a deadline of Friday for bids for its remaining stores to avert closing down completely. If Lambert does not submit a proposal in time, both Sears and Kmart will be put in the ...More..

Huawei & ZTE may be squeezed out of U.S. market
by | Friday, December 28, 2018

Huawei & ZTE may be squeezed out of U.S. market

Commerce Department to bar U.S. companies from using parts and equipment from companies that the government believes could pose a national security risk. wireless carriers look for partners as they prepare to a...More..

Nikkei plunges over 1000 points to hit 20-month closing low
by | Friday, December 28, 2018

Nikkei plunges over 1000 points to hit 20-month closing low

Analysts said investors had been spooked by Trump's unpredictable behaviour. Nobuhiko Kuramochi, investment information's chief at Mizuho Securities Co.in Tokyo said, "It's just like panic selling, the equi...More..

Oil prices surge as US equities soar
by | Thursday, December 27, 2018

Oil prices surge as US equities soar

In the oil market, traders are skeptical that OPEC's output cuts will be enough to balance supply and demand. "The plan (to cut oil production) is well studied but if it does not work, we always have the powe...More..

Jennie-O recalls 164000 pounds of ground turkey on salmonella fears
by | Wednesday, December 26, 2018

Jennie-O recalls 164000 pounds of ground turkey on salmonella fears

Department of Agriculture's Food Safety and Inspection Service (FSIS). In November of this year, days before Thanksgiving, the Food Safety and Inspection Service announced that a Jennie-O Turkey Store in Wi...More..

Trump Voices Confidence in Mnuchin, Fed Amid Tailspin in Markets
by | Wednesday, December 26, 2018

Trump Voices Confidence in Mnuchin, Fed Amid Tailspin in Markets

Traders have also fretted over the U.S. Holding what seemed like an emergency discussion with financial regulators on a day when markets closed early for the Christmas holiday may have only added to investor ...More..

Stores see rush ahead of Christmas
by | Wednesday, December 26, 2018

Stores see rush ahead of Christmas

Costco: Closes at 5 p.m. Christmas Eve and closed Christmas Day . Morris is just one of many people doing some last-minute shopping on Christmas Eve . Of course, exact store hours can vary depending on t...More..

Mnuchin called top USA banks in a bid to ensure market stability
by | Wednesday, December 26, 2018

Mnuchin called top USA banks in a bid to ensure market stability

Whipsaw markets and a string of steep dives have spawned a pervasive anxiety in the White House, according to senior officials, where for the past two years the strength of the USA economy has provided steady r...More..

Houston Grocery Stores Open on Christmas Eve and Day
by | Tuesday, December 25, 2018

Houston Grocery Stores Open on Christmas Eve and Day

Usually open 24 hours a day, Walmart Supercenters will close at 6 p.m. Christmas Eve and remain closed Christmas Day . Whole Foods Market: Whole Foods is open until 7 p.m. Christmas Eve and is closed ...More..