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Finance

The numbers drawn Saturday were 62-16-54-57-69 and the Powerball was 23. This year, there have been only four jackpots - with payouts of between $142 million and $543 million. The base prize for matching the five white numbers drawn is $1 million. Mega Millions is played in 44 states Washington, D.C., and the U.S. Virgin Islands.
  • U.S. Federal Government Posts Widest Deficit Since 2012

    U.S. Federal Government Posts Widest Deficit Since 2012

    Finance

    Stan Collender, founder of "The Budget Guy" blog, says that President Trump's tax law is to blame for the skyrocketing US national deficit. With the country already facing a national debt of more than $20 trillion, massive annual deficits in future years are likely to drive-up the cost of borrowing and cause America's already astronomical debt to grow at a faster pace, he warns.
  • Mega Millions, Powerball jackpots reach almost $1 billion combined

    Mega Millions, Powerball jackpots reach almost $1 billion combined

    Finance

    Its jackpot has ballooned to $900 million for Friday's drawing - the second largest in US lottery history and the biggest in the game's history- after yielding no winners since the end of July. The Powerball jackpot for Saturday's drawing has increased to $430 million. However, its second-biggest one of all time for $656 million happened in 2012 before the tweak.
  • Mnuchin cancels plans to attend Saudi Arabia conference

    Mnuchin cancels plans to attend Saudi Arabia conference

    Finance

    TRT World's North America Correspondent Jon Brain is in Washington DC with more on how Khashoggi's disappearance is putting pressure on the Trump administration to take action on Saudi Arabia. Mr Khashoggi, a 60-year-old Saudi dissident and USA resident, visited the consulate on 2 October to obtain papers needed to get married. In the column he talks about the importance of a free press in the Middle East.
  • After Canada legalizes pot, industry eyes rest of the world

    After Canada legalizes pot, industry eyes rest of the world

    Finance

    The products are displayed in plastic or cardboard packages behind counters. "It's a candy store, I like the experience", said Vincent Desjardins, a 20-year-old-student. Canada's national approach has allowed for unfettered industry banking, inter-province shipments of cannabis and billions of dollars in investment - a sharp contrast with national prohibition in the United States.
  • Pompeo Arrives In Turkey After Discussing Khashoggi Disappearance With Saudis

    Pompeo Arrives In Turkey After Discussing Khashoggi Disappearance With Saudis

    Finance

    What has come out of the Pompeo meeting? Trump said that Saudi Crown Prince Mohammed bin Salman "totally denied" knowledge of the journalist's disappearance in a Tuesday afternoon phone call. "Answers will be forthcoming shortly", Trump added. Saudi officials say he walked out of the consulate on his own. How was the consulate search conducted? "There is no doubt that the Saudi regime has a long proven contempt for human rights and this isn't something that should come as a ...
  • Khashoggi suspects linked to crown prince: NY Times

    Khashoggi suspects linked to crown prince: NY Times

    Finance

    The secretary added that he emphasized the importance of conducting a thorough, transparent, and timely investigation, and the Saudi leadership pledged to deliver precisely on that. President Donald Trump is suggesting that " rogue killers " may be responsible for whatever happened to missing Washington Post columnist Jamal Khashoggi.
  • After Modi raises Indias pricing concerns, Opec says no oil supply worries

    After Modi raises Indias pricing concerns, Opec says no oil supply worries

    Finance

    While there are many factors that could influence global oil prices, Saudi Arabia and other major producers will continue to act to cushion the market from oil price shocks, Falih said at the India Energy Forum here. Prices hit a four-year high of $86.74 a barrel earlier this month as the market grapples with the expected loss of Iranian exports due to U.S. sanctions.
  • Audi pays hefty fine over emissions cheating

    Audi pays hefty fine over emissions cheating

    Finance

    In a statement , Volkswagen said Audi had agreed to pay an 800-million-euro (R13.6bn) fine issued by Munich prosecutors. According to the findings of the investigation carried out by the Munich public prosecutor, duties had been breached in the "emissions service/power engine approval" organisational unit in the context of the monitoring of vehicles regarding their regulatory conformity.
  • Global warming will ruin beer, scientists warn

    Global warming will ruin beer, scientists warn

    Finance

    The study's researchers said that similar to prohibition-era laws, a global beer shortage will have the biggest impact on the working class . "For perhaps many millennia, and still at present for many people, beer has been an important component of social gatherings and human celebration", the team said in their report.
  • Saudi prince denies knowing writer’s fate, Trump says

    Saudi prince denies knowing writer’s fate, Trump says

    Finance

    Although officials agreed to the investigation, Whitson said that the message from the Saudi government is clear. Mike Pompeo, the U.S. secretary of state, met with Crown Prince Mohammed and his father, King Salman, during his visit to Saudi Arabia to investigate the disappearance.
  • Mega Millions Ticket Sold In San Francisco Matches 5 Of 6 Numbers

    Mega Millions Ticket Sold In San Francisco Matches 5 Of 6 Numbers

    Finance

    The immediate cash value of the prize, which winners can opt to take, is $380 million. If there was a winning ticket sold for Tuesday night's drawing, the victor would have received a $667 million jackpot. Mega Millions tickets cost $2 per play and there are a total of nine ways to win a prize, ranging from the jackpot down to $2. If there is no jackpot victor in Tuesday's Mega Millions drawing, the estimated annuity value for the Friday, Oct.
  • Saudi king orders probe in Khashoggi case, Turkey to search consulate

    Saudi king orders probe in Khashoggi case, Turkey to search consulate

    Finance

    Saudi Arabia, the world's biggest oil exporter, said on Sunday it would retaliate against any punitive measures with even "stronger ones", according to a statement carried by the official Saudi Press Agency. A pro-government Turkish daily published preliminary evidence last week from investigators it said identified a 15-member Saudi intelligence team which arrived in Istanbul on diplomatic passports hours before Khashoggi disappeared on October 2.
  • YouTube says looking into reports of user access issues

    YouTube says looking into reports of user access issues

    Finance

    YouTube is a platform where users can upload, view, rate, share, add to favourites, report , comment on videos, and subscribe to other users. YouTube is aware of the issue, though no ETA has been given on when we can expect a fix. Similar to the website, the YouTube app showed blank areas on the homescreen, while navigating to the "trending", "subscriptions" and "library" tabs returned error messages.
  • Oil prices climb amid Saudi tensions, but demand outlook drags

    Oil prices climb amid Saudi tensions, but demand outlook drags

    Finance

    World fuel prices are falling, how are the petrol prices rising?" At the third annual brainstorming session with chief executives of top global and Indian oil and gas companies, PM Modi underscored how high oil prices were hurting global growth and sought reasonable prices that work for both producers and consumers.
  • Mega Millions prize of $654M is nation’s 4th-largest

    Mega Millions prize of $654M is nation’s 4th-largest

    Finance

    One local resident won a piece of the $ 654 million , second-highest-sever Mega Millions jackpot - although it's "just" $10,000. The $ 654 million jackpot is the second-largest jackpot in Mega Millions history and the fourth-largest jackpot in USA lottery history.
  • Trump voices 'rogue killers' theory for Khashoggi incident

    Trump voices 'rogue killers' theory for Khashoggi incident

    Finance

    The State Department issued a brief statement saying Pompeo will travel Monday to Riyadh at Trump's request. King Salman and Turkish President Tayyip Erdogan spoke by telephone on Sunday evening and stressed the importance of the two countries creating the joint group as part of the probe.
  • Sears to close almost 150 more stores, files for bankruptcy

    Sears to close almost 150 more stores, files for bankruptcy

    Finance

    Sears and Kmart stores, and its online and mobile platforms, are open and continue to offer a full range of products and services to customers. Three companies that sell items at Sears told Reuters this week that Sears had missed payments to them over the past few weeks.
  • Sears, One-Time Face of American Retail, Files for Bankruptcy

    Sears, One-Time Face of American Retail, Files for Bankruptcy

    Finance

    Sears employed about 89,000 workers in the United States as of February, compared with 246,000 people five years ago. But the company, which has close to 70,000 employees, has not turned a profit since 2011, and critics say Lampert let the stores deteriorate over the years, even as he bought the company's stock and lent it money, making him its largest shareholder and creditor.
  • World Oil Market Well Supplied For Now, Says IEA

    World Oil Market Well Supplied For Now, Says IEA

    Finance

    Crude oil prices had drifted lower earlier this week amid concerns about excess supply in the market. "The demand outlook is hurt right now because of the situation with the US and China in particular". Members of the Organization of the Petroleum Exporting Countries (OPEC) and other exporters such as Russian Federation agreed in June to raise output as the market appeared increasingly tight.
  • Saudi Arabia rejects baseless allegations of Khashoggi murder

    Saudi Arabia rejects baseless allegations of Khashoggi murder

    Finance

    CCTV VIA HURRIYET / ASSOCIATED PRESS A surveillance video obtained by the Turkish newspaper Hurriyet and made available on October 9 shows a man believed to be Khashoggi entering the Saudi Consulate in Istanbul on October 2. The statement issued via the State-run press agency on Sunday also warned the kingdom would respond to any steps taken against it. Meanwhile, Saudi media has tried to blame the crisis on Qatar, which the kingdom and three other Arab nations now boycott as part of a ...
  • Mega Millions, Powerball pots this weekend worth $862M

    Mega Millions, Powerball pots this weekend worth $862M

    Finance

    Not bad for a couple of $2 tickets. A lucky player could soon overcome remarkably bad odds to win the ninth-largest lottery jackpot in USA history. Need a lucky spot to get your Mega Millions ticket? The Kentucky Lottery is giving away hundreds of Mega Millions tickets ahead of Friday's big drawing.
  • World's longest flight departs Singapore for New York

    World's longest flight departs Singapore for New York

    Finance

    Singapore Airlines now has 21 A350-900s in its fleet and has 46 more on order with manufacturer Airbus . The aircraft has the capability to fly 11,160 miles which is 1,800 miles more than the standard A350. When they land in NY, pilots have three nights off before flying back to Singapore .The 13-strong cabin crew will get at least four hours rest during the flight and two days to enjoy NY before the return leg.
  • Trump vows to unravel mystery of missing Jamal Khashoggi

    Trump vows to unravel mystery of missing Jamal Khashoggi

    Finance

    It said conversations of the men involved in the reported assassination were recorded. "In the not too distant future I think we'll know an answer", Trump tells Stahl. Mr Trump has forged closer ties with Saudi Arabia and is under global and domestic pressure to help determine what happened to Khashoggi and punish Saudi Arabia if investigations show its Government had him killed.
  • OPEC cuts forecast for global oil demand growth in 2019

    OPEC cuts forecast for global oil demand growth in 2019

    Finance

    India's September oil imports were also boosted by the import of 2 million barrels of Iranian oil by Reliance Industries Ltd. Reliance did not respond to a Reuters email seeking comments. Market analysts, here in India say that the US announcement of Iranian sanctions and its intention of imposing an economic and political sanction on countries that continue trade with Iran beyond November deadline leaves India in a tough spot.
  • Trump says Chinese 'lived too well for too long'

    Trump says Chinese 'lived too well for too long'

    Finance

    President Donald Trump says the Federal Reserve "has gone crazy " after a major drop in stock prices Wednesday. "Actually, it's a correction that we've been waiting for, for a long time", Trump said regarding the stock market. The return investors earn on the USA 10-year Treasury bond recently jumped to its highest level since 2011. White House economic adviser Larry Kudlow sought to downplay Trump's comments about the Fed.
  • Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

    Tesla has officially filed to trademark Elon Musk's 'Teslaquila' (TSLA)

    Finance

    What shareholders want, of course, is someone who can put Tesla on the path to profitability and also manage Musk, whose tweets about having secured the funding and investor support to take the company private was what got him into hot water with the SEC - and who, not incidentally, was busy on Twitter last week taunting the agency.
  • Facebook reveals details of September data breach affecting 29M users

    Facebook reveals details of September data breach affecting 29M users

    Finance

    The hackers - whose identities are still a mystery - accessed the names, phone numbers and email addresses of 15 million users, he said. Facebook is working with the Federal Bureau of Investigation to determine exactly how this happened, and per the official press release, the FBI's asked Facebook "not to discuss who may be behind the attack".
  • This is the world’s longest flight, filled with uniqueness

    This is the world’s longest flight, filled with uniqueness

    Finance

    However, this flight will carry a maximum of 161 passengers. Compared to most global long haul flights, which can accommodate up to 544 people (based on an Airbus A380), the A350-900 will accommodate just 161 passengers, made up of 94 seats in premium economy and 67 business class.
  • Trump’s China tariffs massively backfire as trade deficit smashes record high

    Trump’s China tariffs massively backfire as trade deficit smashes record high

    Finance

    Washington and Beijing have raised tariffs on billions of dollars of each other's goods in a fight over American complaints about Chinese technology policy. China-U.S. relations have also been roiled by Beijing's heated objections to U.S. support for Taiwan, the self-governing island democracy it claims as its own territory, as well as China's claim to virtually the entire South China Sea, where the U.S.
  • Turkish prosecutor calls for lifting of judicial controls on US pastor

    Turkish prosecutor calls for lifting of judicial controls on US pastor

    Finance

    A Turkish prosecutor called for a jail sentence of 10 years for a US Christian pastor on Friday, and also asked the court to lift judicial controls, a move that would allow Andrew Brunson to leave the country immediately. Aaron Stein, a scholar who focuses on Turkey at the Atlantic Council's Rafik Hariri Centre for the Middle East, told The National that "the ball remains in Turkey's court".
  • Trump says Fed is 'out of control'

    Trump says Fed is 'out of control'

    Finance

    United States presidents have typically avoided commenting on the Federal Reserve's moves, wary of violating the Fed's independence. "I think the Fed has gone insane". "That is join the global stock market on the way down", said Gundlach, whose Los Angeles-based firm oversees about $123 billion. The Federal Reserve issued no new comment in response to the president's remarks.
  • International Monetary Fund says not approached by Pakistan for financial assistance

    International Monetary Fund says not approached by Pakistan for financial assistance

    Finance

    With weakening growth and uncertainties over trade, smoothing the economic impact of de-risking "is a very hard act of judgment that policymakers in China have to struggle with", Vitor Gaspar, director of the IMF's fiscal affairs department, told reporters at a separate briefing on its Fiscal Monitor, a report that tracks the state of countries' public finances, on Wednesday.
  • Brexit deal 'within reach' says Barnier

    Brexit deal 'within reach' says Barnier

    Finance

    May gathered selected members of her cabinet late Thursday to update them on the Brexit talks, and the Financial Times reported that she told them that a deal was drawing closer. He added: "If they (the government ) decide to cave in to the unreasonable and unnecessary demands which are being promoted by Brussels, then we will have to consider whether or not they have kept their side of the bargain".
  • Stock prices plummet amid tech selloff, rising interest rates

    Stock prices plummet amid tech selloff, rising interest rates

    Finance

    This would mark the sixth straight day of losses for the market, which has been rattled by rising interest rates, signs of a slowdown in the global economy and the US-China trade dispute. Interested in Stock Market? Stocks had come close to big drops in the last few days, but each time they recovered some of their losses. The recent turbulence in financial markets is a contrast to what investors have grown accustomed to in a bull market that has lasted more than 10 years, the longest in ...
  • US, China trade war could dent economic growth

    US, China trade war could dent economic growth

    Finance

    China's growth is still expected to be more than 6% next year, but the IMF's chief economist Maurice Obstfeld warned Beijing to concentrate on quality and sustainability of growth, not quantity of growth. "An IMF team will visit Islamabad in the coming weeks to initiate discussions for a possible IMF-supported economic programme". These policies have contributed to a slowdown in economic growth, which is happening just as trade tensions with the USA are starting to bite.
  • American economist with Jewish roots shares Nobel Prize

    American economist with Jewish roots shares Nobel Prize

    Finance

    Romer said Monday morning that he originally ignored two telephone calls, thinking they were spam calls, before the Swedish Royal Academy of Sciences was able to get through to him. The two economists have not worked together, but the Nobel committee said their achievements are similar because they each built valuable economic models to study global problems.
  • Trump Criticizes Central Bank for Raising Rates

    Finance

    He adds, "I think the Fed has gone insane". "It's a correction that we've been waiting for for a long time", Trump said. He has frequently criticised the USA central bank for gradually raising interest rates, and on Wednesday reiterated his position: "I really disagree with what the Fed is doing".
  • Turkey accuses 15 Saudis of hiding and killing Khashoggi

    Turkey accuses 15 Saudis of hiding and killing Khashoggi

    Finance

    Trump declined to say whom he talked with in the Saudi government. It would also raise questions over whether the U.S. gave the journalist any warning that he might be in danger from his own government. state of Virginia, where he resided, and detain him. The Post's report follows Defense Secretary James Mattis's remarks about Khashoggi's disappearance, in which he suggested the United States was keeping track of the developments.