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Economy

The Dow gained 260.37 points, or 1.1 percent, to 23,138.82. The Dow closed nearly 5 percent higher , recovering some of its losses from a four-day selloff. crude jumped 98 cents to $45.59 per barrel in electronic trading on the New York Mercantile Exchange. Recently, Trump has unsettled markets by signaling the potential firing of Federal Reserve Chairman Jerome Powell and a trade war escalation.
  • Crude spirals to 17-month low amid global economic concerns

    Crude spirals to 17-month low amid global economic concerns

    Economy

    Investors have flocked to safe-haven assets such as gold and government debt at the expense of crude oil and stocks. Oil fell on Monday, in line with another decline across global stock markets , which came under pressure from concern about a USA government shutdown and a worsening world economy.
  • GO Transit operating under holiday hours for Christmas and New Year's

    GO Transit operating under holiday hours for Christmas and New Year's

    Economy

    Bush declared Christmas Eves in 2012, 2007, and 2001 as holidays for the same reason. There will be no First services on New Year's Day . Wellington Brewery's retail store is open on Christmas Eve from 10 a.m.to 3 p.m. Other buildings will be open on reduced hours. The order, which was issued Tuesday, says all "executive departments and agencies of the Federal Government shall be closed" Monday.
  • Is Dunkin’ open on Christmas Day 2018?

    Is Dunkin’ open on Christmas Day 2018?

    Economy

    Most grocery stores will be open during the day on Christmas Eve but closing before 6 or 7 p.m. All South Florida malls and Walmart and Target stores are closed on Christmas Day . One store, the Kohl's in the College Grove strip mall (3450 College Ave.), has been open 24 hours since December 21. Sheetz will be open 24/7, offering free coffee to customers on Christmas and New Year's Day .
  • Thousands remain without power across BC's south coast

    Thousands remain without power across BC's south coast

    Economy

    At the height of the storm, BC Hydro said more than 300,000 customers across the province had their power knocked out , with outages reported in Metro Vancouver, the Fraser Valley as well as Vancouver Island. Winds could reach up to 110 km/h over exposed coastal sections this evening. That included a house at 15th Avenue and Yukon Street in Vancouver, where a large tree snapped and fell down onto the roof.
  • Jennie-O recalls more than 164,000 pounds of ground turkey

    Jennie-O recalls more than 164,000 pounds of ground turkey

    Economy

    According to officials, a continuing investigation could have additional products from other companies recalled. They were shipped nationwide and bear the establishment number "EST". The illness usually lasts 4 to 7 days. Consumption of food contaminated with Salmonella can cause salmonellosis, one of the most common bacterial foodborne illnesses.
  • Facebook is developing a cryptocurrency for WhatsApp transfers, sources say

    Facebook is developing a cryptocurrency for WhatsApp transfers, sources say

    Economy

    Thought adoption of virtual currency by a social media giant like Facebook could be a good way to onramp new Bitcoin users, he noted. Citing Facebook insiders as its source, Bloomberg has said the company is developing a type of "stablecoin", which is a digital currency tied to the USA dollar - and in theory, it's more stable than cryptocurrencies like Bitcoin as a result.
  • Japan prosecutors re-arrest Carlos Ghosn on new allegations

    Japan prosecutors re-arrest Carlos Ghosn on new allegations

    Economy

    The prolonged detention of a prominent global business leader has drawn attention to the ability of Japanese prosecutors to hold suspects for extended periods without formally charging them. But on Friday, prosecutors said they had rearrested Ghosn over additional allegations of breach of trust, which means they can hold him for at least another two days.
  • U.S. stocks suffer worst week in a decade

    U.S. stocks suffer worst week in a decade

    Economy

    Powell said at a news conference Wednesday that the economy remains "healthy" and "solid" and that he did not see any reason to sharply change the Fed's path of gradually pulling back support for it. The yield on the 2-year Treasury note fell to 2.62 percent from 2.65 percent. The benchmark S&P 500 index ended a brutal week down 7 percent Friday, led by big drops in former market favorites like Facebook and Amazon.
  • Shutdown expected to drag into Christmas as standoff deepens

    Shutdown expected to drag into Christmas as standoff deepens

    Economy

    The disruption affects many government operations and the routines of 800,000 federal employees. "Yeah! The president basically this week said , 'Look, I am very negotiable". Trump said now was the time for Congress to provide taxpayers' money for the wall, even though he's said repeatedly that Mexico will pay for it - something that country has repeatedly rebuffed.
  • Fed lifts rates for 4th time this year but sees fewer hikes

    Fed lifts rates for 4th time this year but sees fewer hikes

    Economy

    As expected, the Fed raised the federal funds rate - which is what banks charge each other for overnight loans - by a quarter point to a range of 2.25 to 2.5%. "So there's a fairly high degree of uncertainty about both the path and the ultimate destination of any further increases". Silver rose 0.3 percent to $14.87 an ounce and copper, which is considered an indicator of economic growth, fell 0.7 percent to $2.70 a pound.