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That difference matters. If at some stage in the future the Fed thinks the economy is overheating it will raise rates. So it's no surprise stocks finished Wednesday with a downward bias following Federal Reserve Chairman Jerome Powell's well-polished presentation to headline-seeking journalists Wednesday afternoon.
  • Tesla to unveil ‘Model Y’ SUV on March 14: Musk

    Tesla to unveil ‘Model Y’ SUV on March 14: Musk

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    The Tesla Model Y price will be about 10% more than the Tesla Model 3 . What features will the Model Y have? Shortly after tweeting that "some Tesla news" could be introduced at 2 pm Pacific on Thursday, the billionaire modified his title to "Elon Tusk" and added an elephant emoji to the top.
  • US Trade Gap Surged to $621 Billion in 2018, Highest in Decade

    US Trade Gap Surged to $621 Billion in 2018, Highest in Decade

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    The US is now locked in a trade battle with China over what it claims are unfair trade practices, resulting in tit-for-tat tariff increases on each others' goods. The government reported last week that trade subtracted 0.22 percentage point from GDP growth in the fourth quarter. Washington , Europe and other trading partners say those violate Beijing's market-opening obligations.
  • Facebook Plans Cryptocurrency Launch in First Half of 2019: NYT Report

    Facebook Plans Cryptocurrency Launch in First Half of 2019: NYT Report

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    There is very little chance that Facebook will be adopting or partnering with an existing crypto project. Facebook is keeping its cryptocurrency plans under wraps, even when it comes to other company employees. dollar, providing users with an easy - and cheap - way to send money across worldwide borders. Facebook has intentionally kept the workings of their crypto market in secrecy.
  • Tesla CEO faces contempt claim

    Tesla CEO faces contempt claim

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    In a February 22 response to the SEC , company attorneys said, "Tesla and Mr. Musk are cognizant of the applicable policies and procedures mandated by the final judgments". In that 2017 case, the SEC won a contempt ruling against investment manager Anvil Partners. Tesla CEO Elon Musk attends the Tesla Shanghai Gigafactory groundbreaking ceremony in Shanghai, China January 7, 2019.
  • Elon Musk's surprise Tesla announcement

    Elon Musk's surprise Tesla announcement

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    Sadly, this probably doesn't mean that we're about to hear that Elon's discovered aliens, because the announcement relates to his electric vehicle company instead. But that correction was not enough for a federal judge, who gave Musk two weeks to explain why he should be spared from being held in contempt for violating the agreement with the SEC.
  • Richard Leonard: Remain must be on Brexit ballot paper

    Richard Leonard: Remain must be on Brexit ballot paper

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    Corbyn has been under pressure for some time to support a second referendum . "The prime minister's botched deal provides no certainty or guarantees for the future", he said, accusing May of running down the clock in a "grotesquely reckless" way.
  • Huawei announces folding 5G smartphone that costs $3,500

    Huawei announces folding 5G smartphone that costs $3,500

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    This is essentially the same thing that Google's Pixel phones do with just one lens, but by using five lenses at once Nokia says it can achieve faster results, processing the five shots in parallel rather than in series. HMD claims the unique camera array on the Nokia 9 captures more detail and gives you more control over field of view and depth. The Nokia 9 PureView is packed with advanced technologies.
  • China says coal imports from Australia continue as normal

    China says coal imports from Australia continue as normal

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    Earlier in the session, the Australian Dollar found support after RBA Governor Lowe declared house prices will not "derail" the economy while conceding the drop may be hurting some households. The Aussie was lower against all G10 currencies Thursday. These forecasts, and other events, put a significant dent into the Australian Dollar Thursday.
  • Aid Enters Venezuela Despite Blockade by Government Troops

    Aid Enters Venezuela Despite Blockade by Government Troops

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    Venezuelan troops have killed at least one person and wounded several others near the Brazilian border, witnesses say, in the first bloodshed linked to opposition efforts to bring aid into the South American country against the wishes of embattled President Nicolas Maduro .
  • May heads to Brussels for Brexit crisis talks

    May heads to Brussels for Brexit crisis talks

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    The Labour leader emerged from a meeting at the European Commission headquarters in Brussels and said that his proposals were the only way forward to prevent Britain crashing out of the EU next month. Outlining the steps that should be taken ahead of 29 March, the date the United Kingdom is set to leave the EU, Slattery said: "If you haven't sorted these issues before Brexit day your business will be in serious difficulty".
  • Is Japan losing faith in the UK — Honda

    Is Japan losing faith in the UK — Honda

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    Sky News journalist Mark Kleinman broke the news on Twitter and said that the company would make the announcement on Tuesday, February 19. Honda has previously warned that a no-deal Brexit would cost it tens of millions of pounds. The restructuring will also involve Honda's operations in Turkey , which now produce 38,000 Civic sedans per year. Under the deal, the bloc will axe 10-percent tariffs on cars imported from Japan in 2027.
  • Did Amazon Just Kill 25,000 Jobs in NYC?

    Did Amazon Just Kill 25,000 Jobs in NYC?

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    The comments came from those in the area that has branded itself National Landing, an amalgamation of Arlington and Alexandria neighborhoods that was the other victor in Amazon's sweepstakes past year to award massive new campuses. "If they know HQ2 isn't coming, there is no real cost to doing this", Jensen said. "But Amazon is unique". And Nashville's offer didn't come with some of the attention-grabbing perks that New York's did.
  • Amazon ends plans to build HQ2 in New York City

    Amazon ends plans to build HQ2 in New York City

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    It's a big reversal of its much-hyped decision to build a new headquarters in Queens after a highly publicized nationwide search. The Seattle-based online store announced it had canceled the planned Long Island City project Thursday, amid anger over $3billion in tax-breaks promised to Amazon in return for setting up in Queens, and fears it would gentrify the area, pricing-out long-time residents.
  • British cabinet ministers believe PM May preparing to resign

    British cabinet ministers believe PM May preparing to resign

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    The Prime Minister has spent the last week visiting Dublin and Brussels in an attempt to get changes on the controversial Irish backstop, and was expected to discuss her progress on Wednesday. Swiss Economics Minister Guy Parmelin signed the deal with the British Secretary of State for International Trade, Liam Fox, in the Swiss capital on Monday.
  • Venezuela's Guaido sets aid entry date amid anti-Maduro protests

    Venezuela's Guaido sets aid entry date amid anti-Maduro protests

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    The opposition is also making arrangements for more aid to be sent through Brazil and Puerto Rico. UN Secretary General Antonio Guterres has reiterated his offer of good offices for a serious negotiation in Venezuela that benefits the people and helps to alleviate tensions that country is facing on Tuesday.
  • $190M In Crypto Lost As Exchange Founder Dies With Only Password

    $190M In Crypto Lost As Exchange Founder Dies With Only Password

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    He reportedly died in India in December, Coindesk .com reported. The company said he was planning to open an orphanage when he passed. QuadrigaCX didn't announce the death until more than a month later out of fear it would prompt users to withdraw their crypto , and indeed that's what happened.
  • Trump will call for unity in today's State of the Union address

    Trump will call for unity in today's State of the Union address

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    The president is also expected to call for political unity and an end to the partisan politics dividing the nation. The State of the Union will be Tuesday at 8 p.m. White House officials confirmed as much , telling NPR they requested a security walk-through as though the speech would still take place on january 29.
  • Google parent Alphabet boosts revenue 21%

    Google parent Alphabet boosts revenue 21%

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    A booming digital advertising market lifted Google's fourth-quarter advertising sales by a fifth and helped Alphabet , its parent, to beat Wall Street's profit and revenue forecasts last night. "But a lot of the additional expenditure is going into cloud where it is unclear whether there will ever be a return on that investment". He did share one small nugget meant to highlight the success of one of its newest devices: one in seven Google Home devices activated during the holiday season ...
  • Government going round in circles over Brexit, says Northern Ireland Chamber chair

    Government going round in circles over Brexit, says Northern Ireland Chamber chair

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    European Commission President Jean-Claude Juncker stuck to the same line, adding that Brussels still did not know what Britain wanted and that the chances of a "no-deal" exit had increased. "I suspect we will still be in a position where the antidote to the government's impasse on the 14th will be a more structured period of time for the Commons to make decisions".
  • Red alert! Wales stun France in dramatic Six Nations opener

    Red alert! Wales stun France in dramatic Six Nations opener

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    Slade added: "We had two weeks gearing up for this game and we knew exactly how we wanted to come and play". England have won once in Dublin in the Six Nations since 2003 and had not scored a single try in the tournament there since Steve Thompson's consolation effort in 2011.
  • To Florida's Venezuelan exiles, Pence vows more pressure on Maduro

    To Florida's Venezuelan exiles, Pence vows more pressure on Maduro

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    While marshaling worldwide support, Guaido is seeking to maintain street pressure against Maduro , and has called more mass protests for Saturday. The United Nations has told Venezuela's Juan Guaido that it is willing to step up humanitarian aid to his country but requires consent from the government led by Nicolas Maduro, a spokesman said Thursday.
  • Federal Reserve nods to economic headwinds as it keeps rates steady

    Federal Reserve nods to economic headwinds as it keeps rates steady

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    The Fed's policy statement left its overnight benchmark lending rate in a target range of 2.25 percent to 2.5 percent. The euro was 0.2 percent higher at $1.14650. Powell, who was hand-picked by President Trump for the Fed's top spot, recently attracted scorn from the president for the Fed's rate-hiking path in 2018.
  • Venezuela's Maduro 'willing to sit down' with opposition

    Venezuela's Maduro 'willing to sit down' with opposition

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    He moved forward with building a transition government on Tuesday, naming almost a dozen new diplomats to nations that have recognized him as interim president. "That is true diplomacy". But Maduro is holding firm. Washington has recognized Guaido's claim to lead Venezuela, but hard-left President Nicolas Maduro , who still controls the military and police, says Guaido is part of a US -led coup plot.
  • Huawei Denies All Charges in US Indictments

    Huawei Denies All Charges in US Indictments

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    The arrest has left Canada where it never wanted to be-caught in the middle of an escalating trade and security conflict between the world's two strongest powers. "One signpost will be if the Chinese make credible promises on intellectual property theft-and, for example, if they start prosecuting people who steal IP", says James Andrew Lewis, director of the technology and public policy program at the Center for Strategic and International Studies and a former foreign services officer ...
  • Death toll from Brazil dam collapse reaches 84

    Death toll from Brazil dam collapse reaches 84

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    It said Samarco has not yet reached an agreement with its lenders on the restructuring of its unsecured financial obligations. The search is set to resume on Sunday morning. It's not believable that "dams of such magnitude, run by one of the largest mining companies in the world, would break suddenly without any indication of vulnerability", the judge wrote in the decision, according to news portal UOL.
  • Venezuela’s Maduro offers to negotiate with opposition

    Venezuela’s Maduro offers to negotiate with opposition

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    The Venezuelan opposition figure has suddenly rocketed to worldwide acclaim in the past week, after swearing himself in as president of the country in a direct flouting of Maduro at the front of large anti-government protests - which have been met with pro-government rallies.
  • Apple says sales fell in the first quarter

    Apple says sales fell in the first quarter

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    It also highlights the fact that we may have reached a saturation point with iPhones for the time being. Apple shares rose nearly 4 percent in extended trading on Tuesday. That would bring prices closer to where they were a year earlier - in other words, they're price cuts. In the same period a year earlier, it pulled in $61.1 billion from selling iPhones.
  • MPs order Theresa May to prevent a no-deal Brexit

    MPs order Theresa May to prevent a no-deal Brexit

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    Speaking in Cyprus moments before MPs voted, Mr Macron said: "As the European Council in December clearly indicated, the Withdrawal Agreement negotiated between the United Kingdom and EU is the best agreement possible". Sir Graham Brady, the influential head of the Conservative Party's 1922 Committee, wants to overcome the main hurdle to May's deal by replacing the "Irish backstop".
  • Huawei disappointed in United States charges, denies any wrongdoing

    Huawei disappointed in United States charges, denies any wrongdoing

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    The jury found that Huawei misappropriated Tappy but didn't do it in a "willful and malicious" manner. US President Donald Trump's administration has reinstated all sanctions on Iran removed under a 2015 nuclear deal and recently imposed even stricter measures , hitting oil exports, shipping and banks.
  • Social Media Lessons Entrepreneurs Can Learn From Congresswoman Alexandria Ocasio-Cortez

    Social Media Lessons Entrepreneurs Can Learn From Congresswoman Alexandria Ocasio-Cortez

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    Before you start developing a new product or service, talk to real people who might be having the problem you're trying to solve. Reps. Alexandria Ocasio-Cortez (N.Y.), Ayanna Pressley (Mass.), and Rashida Tlaib (Mich.) are joining the panel as Pelosi pitched the addition of "outstanding members" on "critical committees, where their fresh vision and powerful voices will be critical".
  • Venezuelan military vows to back Maduro amid unrest

    Venezuelan military vows to back Maduro amid unrest

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    Juan Guaidó , who has also been declared Venezuela's legitimate ruler by the United States, Britain, Canada and most of Latin America, offered Mr Maduro amnesty if he left power. The move comes as opposition leaders call for Venezuela's military to turn against Maduro. "It's really important that the democratic worldwide support for a change in Venezuela really get their act together, be consistent and make it very clear that invasion, military means, is not going to happen".
  • The Times view on China's slowdown in economic growth: Chinese Medicine

    The Times view on China's slowdown in economic growth: Chinese Medicine

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    According to data provided today by the National Statistics Bureau, the Chinese economy grew by 6.6% previous year. After China implemented the comprehensive two-child policy that allows all couples to have two children - abandoning its decades-long one-child policy - in 2016, the country's health authority predicted that the fertility rate in 2017 and 2018 would be 1.97 and 2.09.
  • Global Stocks Extend Rise as US Mulls Tariff Drawdown

    Global Stocks Extend Rise as US Mulls Tariff Drawdown

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    Second, even though there is an additional 10 percent tariff on products imported into the United States from China , for the most part US importers have cut their profit margins, or the Chinese suppliers have cut their sales costs to accommodate the American buyers.
  • Trump attacks top Democrat for rejecting Mexico wall deal

    Trump attacks top Democrat for rejecting Mexico wall deal

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    Left unsaid in the remarks from the White House: it was the Trump administration that attempted to terminate DACA in the first place, and the Trump administration that has aggressively sought to end Temporary Protected Status, or TPS, for the vast majority of foreign nationals now living legally in the United States with the designation.
  • China calls proposed U.S. legislation against Huawei, ZTE

    China calls proposed U.S. legislation against Huawei, ZTE "hysteria"

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    The US and Europe have put pressure on Huawei amid growing concerns that Beijing could be using technologies for spying, but Huawei has denied the claims. Until now, Germany has said it would not implement a ban on Huawei's equipment supplies to its 5G networks. He says it would be a bad idea for Foreign Affairs Minister Chrystia Freeland to use the upcoming World Economic Forum summit in Davos to press that case.
  • United States partisan divide on govt shutdown over border wall more sharply

    United States partisan divide on govt shutdown over border wall more sharply

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    Dozens of federal employees and their representatives as well as activists gathered here on Tuesday to protest against the ongoing partial government shutdown , which is now the longest government closure in US history. "We look forward to more conversations like this", White House press secretary Sarah Sanders said in a statement. White House adviser Stephen Miller and other White House speechwriters have been working on the President's State of the Union address for weeks.
  • Brexit: UK PM May survives confidence vote

    Brexit: UK PM May survives confidence vote

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    A YouGov survey released Thursday found that when excluding those who said they do not know or would not vote, 56 percent of respondents would choose to remain in the European Union if there was a new referendum, while 44 percent would choose to leave.