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Economy

Amazon founder Jeff Bezos has become the world's newest and only $100bn billionaire - thanks to a $2.4bn surge in his personal fortune on the run up to Black Friday . Bezos' climbing net worth is due in part to an exceptionally profitable year for Amazon, which saw the acquisition of Whole Foods. Unlike Gates and Buffett, Bezos has given relatively little of his fortune to charitable causes.
  • Shell collaborates on biofuel to help power London buses

    Shell collaborates on biofuel to help power London buses

    Economy

    The average Londoner consumes an impressive 2.3 cups of coffee every single day. In an attempt to explore fossil fuel alternatives, a partnership between Shell, Argent Energy, biofuel company Bio-Bean, and Transport for London , the city's iconic double-decker buses will soon run on "B20 Biofuel", a proprietary combination of oil from coffee ground extracts and diesel.
  • Trader Joe's recalls salads after reports of glass, plastic inside packages

    Trader Joe's recalls salads after reports of glass, plastic inside packages

    Economy

    Trader joe's curried white chicken deli salad with toasted cashews, green onion and a bit of honey. All of the affected salads have a code P-40299 within the "Inspected by U.S. Customers who have already bought the salads should look for used-by dates between November 10 and November 21. Products with different "INSPECTED" codes are produced in separate facilities and are not impacted by this potential concern.
  • Hice: One step closer to tax reform, relief

    Hice: One step closer to tax reform, relief

    Economy

    Most families are likely to use the new standard deduction, no longer needing to itemize deductions. Sen. Susan Collins, R-Maine, who has voted with Democrats against repealing Obamacare, is reportedly having a more hard time coming to a "yes" vote on the Senate Republicans' tax reform plan since McConnell announced Tuesday that a repeal of Obamacare's individual health insurance mandate would be added to the Senate version of the tax bill.
  • Crude oil, gasoline stocks up unexpectedly in latest week

    Crude oil, gasoline stocks up unexpectedly in latest week

    Economy

    Worldwide benchmark Brent crude futures gained 0.2 percent to $62.04 per barrel, adding $0.15 more to its last close of $61.87. January WTI crude oil settled at $55.35, down $0.17 or -0.31% and February Brent crude oil closed at $61.29, down $0.47 or -0.76%.
  • Tesla Roadster

    Tesla Roadster "Founders Edition" requires $250k deposit now

    Economy

    Of course, the Model 3 loomed over it all. Tesla estimates a two-year payback for the added cost of the truck, meaning more than $200,000 in saved fuel. "The truck market, for a variety of reasons, is ripe for change, from electrification, self-driving and connected", she said. Musk said the specifications of the Roadster 2.0 demonstrate the capabilities of battery-powered cars compared with their gas-guzzling counterparts.
  • Rhode Island unemployment rate remains at 4.2 percent

    Rhode Island unemployment rate remains at 4.2 percent

    Economy

    The Maine Department of Labor says the preliminary seasonally adjusted unemployment rate of 3.5 percent in October was down 0.2 percentage points from September. Across the state, job gains were recorded in the leisure and hospitality industry (1,000), construction (800) and information (200). Emilie Doerksen, a labor market economist for the department, said the retail trade sector did not add as many seasonal jobs in October as expected, mirroring a national trend as more and more ...
  • SADC Troika Assesses Situation in Zimbabwe

    SADC Troika Assesses Situation in Zimbabwe

    Economy

    However, the Zimbabwe Defence Force (ZDF) has continued to maintain that it is not planning to stage a coup, rather it is targeting "criminals" around President Robert Mugabe , who have caused social and economic suffering to Zimbabweans and the nation at large.
  • Wal-Mart (WMT) Q3 Earnings & Sales Beat Zacks Consensus November 16, 2017

    Wal-Mart (WMT) Q3 Earnings & Sales Beat Zacks Consensus November 16, 2017

    Economy

    The Nebraska-based Lawson Kroeker Invest Inc Ne has invested 2.6% in Wal-Mart Stores Inc (NYSE: WMT ). Cleararc Capital has invested 0.44% in Wal-Mart Stores Inc (NYSE: WMT ). About 1,250 shares traded. (NYSE: WMT ) are experiencing unusual volume during today's trading. After $0.51 actual EPS reported by First Bancshares Inc for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.
  • AAA: Highest Thanksgiving Travel for 2017 season

    AAA: Highest Thanksgiving Travel for 2017 season

    Economy

    Statewide, 6.26 million are projected to travel over the Thanksgiving holiday, also a 3.6 percent increase from previous year and the highest number of Thanksgiving travelers since 2007, when 6.44 million Californians took a holiday trip. "And should help fuel consumer spending and generate a strong finish for the travel industry this year". "Idaho has experienced a seasonal price drop, but it's been slower than in recent years", Conde said.
  • Small retailers looking to get in on Black Friday 2017

    Small retailers looking to get in on Black Friday 2017

    Economy

    Unless you've been living under a rock, you know Black Friday deals in the USA are right around the corner. A year ago more people shopped online than in store during the Black Friday sales period, according to the National Retail Federation.