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TSA said agency officials have "held those responsible [for the security breach] appropriately accountable". The was no word whether that includes the passenger being arrested. Trump is considering a possible national emergency declaration that would end the shutdown and allow him to obtain his wall funding by circumventing Congress.
  • Dow Jones drops 470 points as market faces rate hike fallout

    Dow Jones drops 470 points as market faces rate hike fallout

    Markets

    Several other key indexes in recent days have confirmed they were in bear markets, among which are the Russell 2000 small-cap index .RUT and the Dow Jones transportation average .DJT . "This is the classic shoot-first-and-ask-questions-later market", said Scott Wren, senior global equity strategist at Wells Fargo Investment Institute.
  • Did Jay Powell's Rate Hike Kill The President?

    Did Jay Powell's Rate Hike Kill The President?

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    The Fed has said the USA economy is healthy enough that the ultra-low rates put in place during the financial crisis are no longer necessary. There were no dissents in the policy decision, it added. The median projection is for the benchmark rate to end 2021 at 3.1 per cent, down from a prior estimate of 3.4 per cent. The president fired off two tweets this week objecting to a rate hike.
  • Investors Nervous With Fed Meeting Ahead and a Santa Crash Behind

    Investors Nervous With Fed Meeting Ahead and a Santa Crash Behind

    Markets

    Energy stocks including Exxon Mobil fell again on Tuesday, but some of those losses were offset by gains in Apple, Amazon, Microsoft and Boeing. Monday also brought additional criticism of the Fed from Donald Trump, saying that it was "incredible" the body might even consider a rate increase.
  • Gatwick Airport: Drone sightings halt flights

    Gatwick Airport: Drone sightings halt flights

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    However, the airfield only reopened for a mere 44 minutes before being closed again after a further sighting of the drones . There have since been more reported sightings of drones, with Gatwick forced to wait for reassurance from the police as to when opening the runway is safe.
  • Parrot uses owner's Alexa to order ice cream, raisins

    Parrot uses owner's Alexa to order ice cream, raisins

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    Rocco's owner Marion Wischnewski told the Daily Mail that she was shocked when she realized what Rocco has done. African grey parrots are known for their exceptionally high intelligence and mimicking skills. Before his accidental online shopping habit, Rocco the African Gray parrot was put up for adoption by the National Animal WelfaTrust sanctuary because it feared his swearing would scare visitors, the Daily Mail reported on December 14.
  • Sir Richard Branson: Space tourists are next

    Sir Richard Branson: Space tourists are next

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    The company plans to eventually take paying passengers on short trips to space. Virgin Galactic founder Richard Branson has said he wanted to be one of the first on board. More than 600 people have all bought tickets to be on the first round of commercial space flights in six-passenger rockets by Virgin for up to $250,000 (£200,000) a ticket.
  • China, US discuss plans for trade talks

    China, US discuss plans for trade talks

    Markets

    The two sides have exchange punitive tariffs on hundreds of billions of dollars in trade, and prior to the ceasefire Washington had been poised to more than double the rate on $200 billion in Chinese goods starting January 1. U.S. Commerce Secretary Wilbur Ross said it was clear China has been de-emphasizing the 2025 plan in response to objections from the United States and other countries, "but that doesn't mean they've dropped it".
  • OPEC, allies agree to cut oil output

    OPEC, allies agree to cut oil output

    Markets

    OPEC accounts for about one-third of global crude production. OPEC will cut 0.8 million barrels per day from January with additional contributions of 0.4 million barrels per day of cuts, Iraqi Oil Minister Thamer Ghadhban said. A strong economic recovery in advanced countries contributed to tightening in oil prices earlier this year. This provided further tailwinds to oil prices.
  • Uber files papers for Wall Street

    Uber files papers for Wall Street

    Markets

    The ride-hailing giant filed the confidential paperwork on Thursday, according to one source, to lock horns with its smaller rival Lyft, which also filed the confidential paperwork for IPO nearly on the same day. The transition to becoming publicly traded is likely to reshape both companies and the ride-hailing market they pioneered in the US, bringing greater pressure from shareholders to be profitable and requiring more transparency.
  • Altria buys 45 percent stake in Canadian marijuana company

    Altria buys 45 percent stake in Canadian marijuana company

    Markets

    Altria's stock has fallen almost 25% this year and the company is expected to report revenue growth of only about 1% this year and in 2019. In June, London-based tobacco company Imperial Brands Plc took an undisclosed stake in closely held Oxford Cannabinoid.
  • Theresa May sends out 30 ministers to sell Brexit plan

    Theresa May sends out 30 ministers to sell Brexit plan

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    Lawmakers opened a third day of debate on the agreement Thursday, focusing on economic issues that could affect Britons for generations. The backstop is an arrangement created to ensure there is no return to a "hard border" between Ireland , which will remain part of the European Union after Brexit, and Northern Ireland when the United Kingdom leaves the bloc next March.
  • China Demands Release of Telecom Executive Arrested in Canada

    China Demands Release of Telecom Executive Arrested in Canada

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    The Chief Financial Officer of Huawei , Meng Wanzhou, has been arrested in Canada under an extradition request from the United States . "The reaction of the US government would be very strong". Trump restored access after ZTE agreed to pay a $1 billion fine, replace its executive team and embed a US -chosen compliance team in the company. Houlden said he thinks the U.S.is more likely to be a target.
  • Canada Arrests Huawei CFO at Request of U.S. Authorities

    Canada Arrests Huawei CFO at Request of U.S. Authorities

    Markets

    A bail hearing for Wanzhou Meng , who is also Huawei's deputy chairwoman of the board, has been set for Friday, Justice Department spokesperson Ian McLeod said in a statement Wednesday. In April, China appealed to Washington to avoid damaging business confidence following the Wall Street Journal report that USA authorities were investigating whether Huawei violated sanctions on Iran amid spiraling technology tensions.
  • Qatar Quitting OPEC to Focus on Exports of Liquefied Natural Gas

    Qatar Quitting OPEC to Focus on Exports of Liquefied Natural Gas

    Markets

    The jump in oil prices also comes ahead of a meeting this week of the producer club the Organization of the Petroleum Exporting that is expected to cut supply. OPEC nations like Ecuador, Gabon and Indonesia have either withdrawn or suspended their membership in the past, only later to rejoin. US light crude oil rose $2.92 a barrel to a high of $53.85, up 5.7 percent, before easing slightly to around $53.50 by 0830 GMT.
  • Trump says US-China ties make ‘BIG leap forward’

    Trump says US-China ties make ‘BIG leap forward’

    Markets

    Tweeting on Sunday night, Trump said: "China has agreed to reduce and remove tariffs on cars coming into China from the U.S. now the tariff is 40pc". There are also differences in the Chinese and USA accounts of what was agreed. Trump's G20 summit was overshadowed by his abrupt decision to cancel a meeting with Russian President Vladimir Putin.
  • President George HW Bush Dead at 94

    President George HW Bush Dead at 94

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    Jim McGrath, Bush's spokesman, posted an image of Sully next to Bush's casket on Sunday along with the caption, "Mission complete". Bush will then lie in state in the Rotunda through Wednesday morning. Bush received Sully in June from America's VetDogs nonprofit organization. - He was trained through the prison puppy program, in which inmates raise future service dogs until the dog is about 15 months old.
  • A look at what happened at the G20 summit in Argentina

    A look at what happened at the G20 summit in Argentina

    Markets

    The agreement, hashed out over steak in the Argentine capital Buenos Aires , lowers the temperature in a conflict that has spooked world markets. Trump said that "the very important meeting" with Xi would go on, but he noted that Bush's death "really puts a damper on it, to be honest with you".
  • Ohio Democrats petition to save GM Lordstown plant

    Ohio Democrats petition to save GM Lordstown plant

    Markets

    Sen. Sherrod Brown (D-Ohio) said President Donald Trump agreed to support tax legislation that would help General Motors keep more jobs in the United States . Sherrod Brown hold at least one common goal: getting General Motors (GM) to abandon its plan to lay off workers at an OH plant. But GM did say last month it expects to spend $1 billion more for commodities like steel and aluminum next year.
  • Apple suppliers suffer as it struggles to forecast iPhone demand

    Apple suppliers suffer as it struggles to forecast iPhone demand

    Markets

    The demand for smartphones are lower than expected. In an unexpected move, Apple has cut down production orders of their three iPhone models due to lower than expected sales. Similar to last year, despite the orders being cut by 20 million units, the iPhone X brought an 11% increase in revenue in the earlier earnings report this year, so Apple could be implementing the same strategy for this year's iPhones.
  • Nissan boss Carlos Ghosn arrested for suspected financial misconduct

    Nissan boss Carlos Ghosn arrested for suspected financial misconduct

    Markets

    NHK reported Nissan paid billions of yen for the purchase and renovation of homes for Ghosn in Rio de Janeiro, Beirut, Paris and Amsterdam, citing unnamed sources . Tokyo prosecutors confirmed in a statement on Tuesday that they had arrested Ghosn the previous day over allegations of financial misconduct . He is credited with transforming the company from near-bankruptcy to profitability within two years and steering the auto maker into an expansion in China, one of Nissan's key ...
  • Jennie-O recalling 90000 pounds of ground turkey due to salmonella risk

    Jennie-O recalling 90000 pounds of ground turkey due to salmonella risk

    Markets

    While this is a major recall, the salmonella outbreak can be traced back to November 2017, and it seems that other affected products could still be on store shelves. Children under 5, the elderly, and people with weakened immune systems are more likely to have severe illness from contaminated food that could lead to hospitalization.
  • Over 250,000 thousand protest over fuel prices in France

    Over 250,000 thousand protest over fuel prices in France

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    The injured, 409 in total, included 28 police, paramilitary police or firefighters. The yellow vests enjoy much broader support than other protests since Macron swept to power past year, with 73% of respondents backing the protests in an Elabe poll this week.
  • Amazon Splits the HQ2 Baby, Rich-Get-Richer Style

    Amazon Splits the HQ2 Baby, Rich-Get-Richer Style

    Markets

    Even still, residents of Long Island City voiced their frustration with big tech entering the neighborhood. "That reflects that talent was really the driving factor for us", Carney said. "I was surprised the package wasn't bigger", said John Boyd, a site selection consultant who wasn't involved in the Amazon search. "It cannot be that the mayor and governor and Jeff Bezos - literally three men in a room - can conspire to give him $3 billion and a helicopter pad, because who wants to ...
  • More Than 600 People Missing, 63 Dead in California’s Deadliest Wildfire

    More Than 600 People Missing, 63 Dead in California’s Deadliest Wildfire

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    In explaining the massive jump in the number of missing, Butte County Sheriff Kory Honea told reporters that investigators raised the number after reviewing emergency calls made after the fire broke out last week. The wildfire has destroyed roughly 500 structures in Malibu and neighboring areas, as it's burned more than 98,000 acres with a 62 percent containment.
  • Ming-Chi Kuo cuts iPhone XR sales expectations by 30-35 percent

    Ming-Chi Kuo cuts iPhone XR sales expectations by 30-35 percent

    Markets

    Shares of Qorvo fell 2.3 percent, while Apple was down almost 1 percent in early trading. The early prediction was for 100 million units in four quarters (from Q4 2018 to Q3 2019). Apple also provided lukewarm guidance for the all-important holiday quarter. While Kou now thinks Apple will sell fewer iPhone XRs, he believes some of those customers will opt for the higher-end iPhone XS models or the lower-end iPhone 8 model.