• GDP likely to grow by 6.5% this fiscal
GDP likely to grow by 6.5% this fiscal

This is lower than the growth rate of 5.7% achieved in the last financial year. Many economists have blamed the chaotic implementation of Goods and Services Tax (GST ) in July for the reduced GDP. The advance estimates "are not fully factoring in the expected pickup in growth in the later months of FY18, related to a favourable base effect and a "...

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  • Winning: American Unemployment Claims Stay at Record 17-Year Low
Winning: American Unemployment Claims Stay at Record 17-Year Low

Yesterday , ADP predicted that the United States economy added 250,000 jobs in December, their largest monthly jump in ten months. The report showed another notable increase in employment in the goods-producing sector, which rose by 55,000 jobs in December after climbing by 63,000 jobs in November.

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  • Australia aims to become world's top medicinal cannabis exporter
Australia aims to become world's top medicinal cannabis exporter

Australia could become the world's top supplier of medicinal cannabis - after the government announced it would legalise exports of the drug. Regulations that now prevent exports of medicinal cannabis products will be changed once Parliament resumes in February.

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  • Tesla delivers 1550 Model 3s in fourth quarter
Tesla delivers 1550 Model 3s in fourth quarter

One-third of the quarter's S3 were made in the last seven days. General Motors said Wednesday that it delivered more than 3,200 Bolts to customers in December - more than double the number of Model 3s that Tesla delivered for the entire fourth quarter.

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  • Hoda Kotb named new 'Today' co-anchor
Hoda Kotb named new 'Today' co-anchor

Kotb will keep co-hosting the fourth hour of the show with Kathie Lee Gifford . It's certainly a sage one in the midst of the #MeToo movement , when replacing allegedly predatory men with qualified women is becoming something of a trend (see also: Robin Wright ascending to the sole star of House of Cards following sexual misconduct alleg...

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  • Factory activity expands at fastest pace in five years in December: PMI
Factory activity expands at fastest pace in five years in December: PMI

The rate of growth in new orders was the fastest since June 1998 as client demand improved, and new export orders also increased sharply. The increase was driven by stronger new order growth and the fastest rise in employment in the sector since the survey began in 1998.

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  • Computer outage at customs causes major travel headache at JFK Airport
Computer outage at customs causes major travel headache at JFK Airport

A spokeswoman for the agency says a two-hour delay starting around 7:30 p.m. EST forced Customs and Border Protection officers to process arriving passengers using backup procedures at some airports. "CBP took immediate action to address the technology disruption", the CBP added. "CBP officers continued to process global travelers using alternative...

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  • Cabot Oil & Gas (NYSE:COG) Stock Rating Reaffirmed by Morgan Stanley
Cabot Oil & Gas (NYSE:COG) Stock Rating Reaffirmed by Morgan Stanley

Cabot Oil & Gas Corporation (NYSE: COG ) has risen 1.25% since December 31, 2016 and is uptrending. It has outperformed by 9.26% the S&P500. Hawkins Capital Lp acquired 20,660 shares as Cabot Oil & Gas Corp ( COG)'s stock rose 1.60%. Investors sentiment increased to 1.3 in 2017 Q3. The company maintains price to book ratio of 4.92 vs.an industry a...

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  • Seoul seizes Panama vessel for alleged North Korea ties
Seoul seizes Panama vessel for alleged North Korea ties

The authorities said most of the ship's crew are Chinese and Myanmarese. The 5,100-tonne KOTI was detained two weeks ago at the South's port of Pyeongtaek-Dangjin and its crew are being investigated over the alleged ship-to-ship transfers, Yonhap news agency cited local maritime officials as saying.

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  • Florida's minimum wage set to increase on January 1
Florida's minimum wage set to increase on January 1

Under the new law, no locality could have a wage floor higher than the one mandated by the state. President Barack Obama stumped for a minimum wage hike throughout his second term, but Republicans in Congress blocked Democratic proposals from coming up for a vote.

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  • Snoop Dogg Teams With Jack in the Box for new Munchie Meals
Snoop Dogg Teams With Jack in the Box for new Munchie Meals

Founded in 1951, Jack in the Box now has more than 2,200 restaurants in 21 states and Guam. Snoop Dogg , a known marijuana enthusiast, and savvy businessman, partnered with Jack In The Box to deliver a meal deal just in time for California's legalization of recreational pot use.

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  • Stock market ends 2017 lower, failing to put cherry atop record year
Stock market ends 2017 lower, failing to put cherry atop record year

Seven of the 12 TSX subgroups remained in the red Thursday, as gold fell 0.8%, while industrials tailed off 0.5%, and materials doffed 0.3%. According to CNBC, the Dow is on pace for a slightly higher close this week. The S&P has rallied almost 20% this year. The S&P 500 Index finished at 2687.54, up 4.92 or +0.18% and the NASDAQ Composite ende...

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  • More Rollovers: Mega Millions and Powerball jackpots total almost $700M
More Rollovers: Mega Millions and Powerball jackpots total almost $700M

On Saturday, the drawing for the $384 million Powerball jackpot will be held, with the lump-sum cash option at an estimated $242.9 million. Its next drawing comes Saturday night. The last victor was on October 13, when two tickets split a $43 million jackpot. For Powerball, it's one in roughly 292 million. The upcoming jackpot is the game's highe...

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  • US Crude Oil Price Hits $60 a Barrel, Highest Since Mid
US Crude Oil Price Hits $60 a Barrel, Highest Since Mid

The data come on heels of a bullish U.S. oil inventory report that showed lower crude oil supplies as well as a dip in production, according to the weekly Energy Department data released Thursday. U.S. crude oil production hit 9,789,000 bpd (barrels per day) for the week ended December 15, 2017-the highest production level ever. Analysts expect pro...

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  • Bitcoin prices on downward spiral in Korea
Bitcoin prices on downward spiral in Korea

Part of the trading in South Korea is carried out anonymously and this might be banned if we are to believe new reports in global media. The new rules will target anonymous trading of virtual currencies and crack down on money laundering activities, Seoul said .

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  • 'Tiger Zinda Hai' gives tough competition to 'Baahubali 2' on Box Office
'Tiger Zinda Hai' gives tough competition to 'Baahubali 2' on Box Office

The movie, which opened to packed houses on December 22, has earned Rs 205.67 crore in just 7 days of its release. The much-awaited movie which is the sequel to " Ek Tha Tiger " is creating new records with every passing day. Even the experts are saying that this film could turn as Salman Khan's highest grossing film ever, well now Kabir Khan...

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  • First Supermoon Of 2018 Happens On New Year's Day
First Supermoon Of 2018 Happens On New Year's Day

Supermoons occur when the moon is at the closest point on its elliptical orbit around Earth, which could make the moon appear a bit closer and brighter , according to NASA . Then, the moon will be just 223,068 miles from Earth, compared to its average distance of 238,855 miles. "The lunar eclipse on January 31 will be visible during moonset...

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  • China's Geely buying stake in Mack Trucks' parent company
China's Geely buying stake in Mack Trucks' parent company

This June, Geely bought a 49.9% stake in Malaysia's Proton Holdings , as well as a 51% stake in British automaker Lotus. Geely's Chief Financial Officer Daniel Donghui Li said the company is "a well-recognised strategic long-term investor", and aims "to contribute positively to the long-term development of AB Volvo".

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  • Apple CEO Tim Cook's Annual Pay Jumps 47 Percent to $12.8 Million
Apple CEO Tim Cook's Annual Pay Jumps 47 Percent to $12.8 Million

It also includes $440,374 in "other" compensation, according to a regulatory filing . Apple SVP of retail Angela Ahrendts and SVP of hardware technologies Johny Srouji took home about $24.2 million for 2017. The biggest component was a cash bonus of $9.3 million (up 74% from his 2016 bonus) under Apple's incentive plan tied to revenue and pr...

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  • Crude oil at fresh 30-months high
Crude oil at fresh 30-months high

It was opened in 1975 and runs 105 miles from the Forties field to Aberdeenshire and then 130 miles south to Ineos's Grangemouth refinery near Edinburgh. First, if and when the Saudi Aramco sale comes to pass, the Saudis will have to deal with their own fiscal house. The international benchmark for oil prices, Brent crude LCOc1, slipped 15 cents ...

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