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Economy

The Dow Jones industrial average rose 323 points to a record high, closing above 26,000 for the first time. The rally also delivered record highs for the Standard & Poor's 500 index and the Nasdaq composite, wiping out the market's modest losses from a day earlier.
  • Natural disaster hits San Francisco, shaking Berkeley awake

    Natural disaster hits San Francisco, shaking Berkeley awake

    Economy

    The natural disaster hit the San Francisco area about 2.40am local time (11.40pm NZT) and lasted about 10 seconds, causing a "little bit of rolling motion and a sharp jolt", NBC Bay Area Chief Meteorologist Jeff Ranieri wrote on Twitter. He also explained that scientists are concerned about that specific fault because it's "kind of overdue". On average, the fault produces a large quake every 160 years, with a margin of error of about 80 years.
  • Customs System

    Customs System "Disruption" Halts Major Airports

    Economy

    An outage hit the Customs and Border Protection's (CBP) computer systems and left worldwide travellers waiting in long lines at airports throughout the U.S. The disruption was not thought to be "malicious in nature", CBP said. "CBP officers continued to process global travellers using alternative procedures at affected airports".
  • Manufacturing sector records record growth in December

    Manufacturing sector records record growth in December

    Economy

    Accordingly, Indian manufacturers upped their staffing levels at the end of the year. The slowdown was reflected in the drop in buying activity in December, the sharpest decline since September. "Anecdotal evidence pointed to stronger market demand from home and worldwide markets", said Aashna Dodhia, economist at IHS Markit , which compiles the survey.
  • Instagram launch 'Recommended for You' section in main feed

    Instagram launch 'Recommended for You' section in main feed

    Economy

    As the company describes it, the new feature will suggest posts for you, based on those that have been liked by other accounts that you follow. Unfortunately, this would need to be done for each individual " Recommended for You " post that appears in your feed.
  • Powerball lottery jackpot at $337M; winning numbers drawing Wednesday

    Powerball lottery jackpot at $337M; winning numbers drawing Wednesday

    Economy

    The Mega Millions jackpot has grown to $306 million, the cash option is now $191 million. Tickets for both games are sold until 9:59 p.m. on drawing nights. Odds of winning the jackpot are one in 292.2 million. Wednesday's Fantasy 5 jackpot is an estimated $138,000. The jackpot for Wednesday night's Powerball drawing is now estimated at $337 million.
  • Kohl's, Toys R Us to stay open around the clock until Christmas

    Kohl's, Toys R Us to stay open around the clock until Christmas

    Economy

    Foodland stores are open 12 p.m.to 4 p.m. The Riverdale location is open from 6 a.m.to midnight on Christmas Eve and Christmas Day . On Christmas Eve , most stores will open from 10am - 4pm with some opening longer from 7am - 10pm. on Friday and Saturday. Waste: There will be no garbage, organics or recyclables collection services on Christmas Day . This is the fifth year Kohl's has offered 24-hour shopping leading up to Christmas "to offer customers a convenient opportunity ...
  • The Salvation Army-Greater Baton Rouge low on Red Kettle donations

    The Salvation Army-Greater Baton Rouge low on Red Kettle donations

    Economy

    This year's kettle goal is $700,000. "To try to have enough bell ringers is always a struggle, and we always do better if they are volunteers", Capt. Denise Stewart said. With many helping hands and after days of collecting, sorting, and organizing the Salvation Army carefully made sure gifts were given to the right families and no child was left behind.
  • Companies' shares soar after adding 'Blockchain' to their names

    Companies' shares soar after adding 'Blockchain' to their names

    Economy

    A New York-based company saw its shares spike almost 500% in pre-market trading Thursday after announcing its new focus would be exploring and investing in the technology that underpins cryptocurrencies like bitcoin-which wouldn't be so remarkable but for the fact that it previously made a name for itself selling iced tea.
  • Uber a transport firm, not a digital service: European Union court

    Uber a transport firm, not a digital service: European Union court

    Economy

    In a landmark ruling published on December 20, the ECJ discounted Uber's assertion it was simply a digital platform acting as an intermediary between riders and taxi drivers. "It will however hurt the necessary reform of outdated laws which prevent millions of Europeans being able to find a reliable ride with just one click", the spokesman said.
  • AT&T employees receiving $1000 bonuses after tax vote

    AT&T employees receiving $1000 bonuses after tax vote

    Economy

    The telecom giant also said it would increase its capital expenditures budget by $1 billion in response to the landmark legislation, which cuts the corporate tax rate from 35 to 21 percent. However the fundamental objection from the White House is widely believed to be Time Warner subsidiary CNN's critical coverage of Trump. The Time Warner/AT&T merger, which has been in talks for more than a year, "seemed destined to close by the end of the year", according to The New York Times .
  • Detroit is likely not getting a Major League Soccer team

    Detroit is likely not getting a Major League Soccer team

    Economy

    However, that plan changed when the Detroit Lions' owners, the Ford family, got involved and presented an alternative plan that would see a Detroit MLS team share Ford Field with the Lions. The other finalists are Nashville , Cincinnati and Sacramento . That's a valid argument. It's anticipated to be a formal MLS expansion team announcement for Nashville .
  • Hundreds of jobs at risk as Toys R Us faces collapse

    Hundreds of jobs at risk as Toys R Us faces collapse

    Economy

    The company is seeking a company voluntary agreement (CVA), giving it a breathing space to restructure its finances. It has already announced a plan to close 26 United Kingdom branches for the loss of 800 jobs; this move could see the company's entire workforce of 3,200 on the scrapheap, just in time for Christmas.