Business

Saudi stocks tumble 7%, wiping out 2018 gains

Khashoggi , a Washington Post columnist and Saudi dissident, has not been seen since he entered the Saudi Arabian consulate in Istanbul on October 2 to get documentation he needed in order to marry his fiancée. Dimon follows almost a dozen other executives from the technology, media and entertainment industries who have backed out of the Future Investment Initiative conference, nicknamed "Davos in the Desert".

Business

Facebook States 30 Million People Affected by Last Month's "View As" Bug

Facebook originally estimated that 50 million accounts could have been affected but the company didn't know if they had been compromised. The security tokens of about 1 million other people were stolen, but hackers did not get their profile information, the company said .

Business

Elon Musk says James Murdoch will not replace him as Tesla chair

After years and years of working with various media companies, last year James Murdoch joined Tesla's board. "The SEC also today charged Tesla with failing to have required disclosure controls and procedures relating to Musk's tweets , a charge that Tesla has agreed to settle", said the SEC in a statement following its ruling.

Business

Oil holds losses as crude stockpiles soar

U.S. West Texas Intermediate (WTI) crude CLc1 futures were down by 91 cents, or 1.2 per cent, at $72.26, having also fallen to their lowest since September 27. The landmark nuclear deal, signed during the Barack Obama regime, was concluded between Iran and six world powers which include, U.S., Russia, U.K., China, France, and Germany, that lifted sanctions on Iran but place strict limits on its nuclear program for 12 years.

Business

Trump says Chinese 'lived too well for too long'

Put another way, very low real interest rates favor borrowers over savers. "I think a lot of presidents have been frustrated by the Fed, they just in recent years haven't said so in public", David Wessel of the Washington-based Brookings Institution told AFP.

Business

Trump says Federal Reserve ‘has gone crazy’ after big stock drop

Presidents in recent decades have refrained from commenting on the Fed decisions but Trump has done so repeatedly and with colorful language, saying the Fed had "gone insane", and was "out of control". Adding to potential U.S. It was the sharpest drop in eight months. Investors are leaning into safer stocks with steady dividends - utilities and consumer staples - and pulling out of the higher-paying, higher-risk stocks as other guideposts of growth, like the communication sector, tumbled.


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