Finance

by | December 29, 2018 | 16:41

Sears Holdings closed at 17 cents per share Friday, down more than 2 percent. The company filed for Chapter 11 bankruptcy protection in October, saying at the time it would close more than 20 percent of all stores, keeping open only its 500 most profitable locations.

by | December 29, 2018 | 16:26

Wells Fargo agreed to pay $575 million to settle civil charges in all 50 states and the District of Columbia related to the creation of fake customer accounts, the bank announced Friday. Wells Fargo has previously entered consent orders with federal authorities. In April, two federal regulators fined the bank $1 billion for forcing customers into vehicle insurance and charging mortgage borrowers unfair fees.

by | December 28, 2018 | 23:24

After 125 years as one of America's most recognizable and profitable companies, Sears has just a few hours to secure financing to buy the company out of bankruptcy or it will be forced to begin the process of liquidating its assets and laying off its 68,000 employees, CNBC reports .

by | December 28, 2018 | 21:44

On Tuesday trading on the American stock markets had rested because of Christmas . The decline in oil prices weighed on energy stocks. But even with that gain, it is still down 7.4 percent on the year. On the whole, it's been a turbulent month - the market remains on track for its worst December since 1931, during the depths of the Depression, and could finish 2018 with its biggest losses in a decade.

by | December 28, 2018 | 21:44

To increase resources available to victims of wage theft, the AG's Office works with community partners, law schools, and private bar attorneys to host free monthly wage theft clinics at Suffolk Law School in Boston , and quarterly clinics in New Bedford and Springfield.

by | December 28, 2018 | 20:33

The second important change also taking effect from 1 February 2019 is a ban on exclusive sale on marketplace e-commerce platforms. According to the new policy, ecommerce marketplace entity can not mandate any seller to sell their products exclusively on its platform.

by | December 28, 2018 | 19:16

Cellphone 911 services in parts of western Washington state were also impacted. A King County dispatch spokesperson says that it has been an intermittent issue for them throughout the day, but they started having bigger problems with incoming calls later Thursday evening.

by | December 28, 2018 | 17:42

The Nasdaq .IXIC is down almost 22 percent from its record high close in late August and formally in a bear market. Many analysts promptly sent notes to clients warning that Mnuchin's statement may, in fact, have been a potential indicator of problems, which led to Monday's poor market performance.

by | December 28, 2018 | 16:29

Subscribe to MarketWatch's free Bulletin emails. Amazon said tens of millions of people signed up this season for free trials or paid memberships for Amazon Prime. The biggest toys of the year, besides LOL Surprise dolls, were the Nerf N-Strike Elite Strongarm Blaster, Melissa & Doug Scratch Art Rainbow Mini Notes with Wooden Stylus, Crayola Inspiration Art Case, and the Lego Creator Mighty Dinosaurs Toy.

by | December 27, 2018 | 20:11

Topix down 4.9%, biggest one-day drop since June 2016 Topix down 15% this month, set for worst December on record, worst month since October 2008 Nikkei Volatility Index surged 22% to 32, highest since February. "A strong yen will dent Japanese firms' profits", boding ill for the country's consumption, said Masahiro Ichikawa, senior strategist at Sumitomo Mitsui Asset Management Co.

by | December 27, 2018 | 14:41

The S&P 500 index rose 80 points, or 3.4 percent, to 2,431 of 3:24 p.m. The broader All Ordinaries index has lifted by a similar level to 5,634 points. Adobe rose 6.1 percent to $217.71. Brent crude, used to price global oils , gained 7.9 per cent to $54.47 a barrel in London. There were also attempts by the White House to temper its attack on the US Federal Reserve, after Donald Trump criticised the central bank for raising interest rates for the fourth time this year.

by | December 27, 2018 | 08:42

Tesla CEO Elon Musk will be the first to remind you that time is running out if you want a federal tax credit on a new Tesla vehicle. It's unclear how many vehicles this would apply to, since the customer would need to have received a promise of 2018 delivery and also made a good-faith effort to receive the auto.

by | December 27, 2018 | 03:00

Mnuchin's outreach wasn't widely coordinated throughout the administration, according to people briefed on the discussions who requested anonymity to discuss internal deliberations. "I think he's being too aggressive, far too aggressive, actually far too aggressive". "Not even a little bit". In an earlier report, CNBC called Trump's Fed criticism "nearly without precedent" in U.S.

by | December 27, 2018 | 01:19

Mnuchin announced the President's Working Group call in a Sunday afternoon tweet , in which he also revealed that he had reached out to the chief executive officers of the nation's six largest banks to inquire about market conditions. Last month, Fed chair Jerome Powell said in a speech that the financial system was stable. Markets plunged after the Trump administration sent out confusing signals about markets and the economy.

by | December 27, 2018 | 01:13

However, the market seems to be ignoring this move as oil prices are continuously falling in the global market despite this production cut. The strong US dollar has also put pressure on oil in recent months, as constant stock market volatility pushed the safe-haven currency higher and made dollar-denominated crude more expensive.

by | December 26, 2018 | 18:56

They will, however, be open on Christmas Eve , along with a number of other stores like JCPenney, Macy's , and Kmart. Select non-24-hour Walgreens locations will have December 25 store hours as well. Snacks including pigs in blankets or Christmas pudding are also available throughout the day while you settle down to watch your favourite Christmas films.

by | December 26, 2018 | 17:46

The estimated jackpot ahead of the draw is $321 million. The Mega Millions and Powerball jackpots are now worth a total of more than $600 million, making the ideal Christmas gift. No one has won either lottery since October. There have been no Christmas Day grand prize winners so far, Mega Millions said. Combined with a $294 million Powerball jackpot up for grabs on Wednesday, the holiday week could deliver prizes worth more than $600 million.

by | December 26, 2018 | 17:42

Equities dropped worldwide after the US Federal Reserve raised rates and maintained most of its guidance for additional hikes over the next two years, dashing investor hopes for a more dovish policy outlook. "This will compound a glut in OECD commercial oil stocks". The Organization of the Petroleum Exporting Countries plans to release a table detailing output cut quotas for its members and allies such as Russian Federation in an effort to shore up the price of crude, OPEC's ...

by | December 26, 2018 | 10:46

The markets will only be open half a day on Monday due to Christmas Eve. The Russell 2000 index of smaller-company stocks gave up 5 points, or 0.4 percent, 1,286. Additionally, Mnuchin may have rattled investors when he called the leaders of the six largest US banks over the weekend in order to reassure nervous investors that the financial markets and economy were functioning properly.

by | December 26, 2018 | 09:58

President Donald Trump appears to be having a sour holiday that includes angry tweets , rants about Democrats while the country endures a partial government shutdown and a phone call with a 7-year-old in which he questioned the existence of Santa Claus .

by | December 26, 2018 | 05:55

The U.S. Senate has been unable to break an impasse over U.S. President Donald Trump's demand for more funds for a wall on the border with Mexico, and a senior official said the shutdown could continue until January 3. Despite the latest OPEC headlines, concerns over the potential negative impact of a global economic slowdown on oil demand and the record production levels to major producers continue to weigh on crude oil prices.

by | December 25, 2018 | 19:39

Denny's: Open 24-hours on Christmas Day . All locations will be open until 6 p.m. on Christmas Eve . CVS: Christmas hours are 8:00 am to 9:00 pm on Christmas Day , not including locations that are located inside of Target Stores.

by | December 25, 2018 | 07:37

BJ's Wholesale Club will be open for limited holiday hours on Christmas Eve . CVS pharmacies are typically open 24 hours a day, but may not be following those schedules during the holidays. Since America runs on Dunkin', will they be able to help on Christmas Day? Target: Target is open until 10 or 11 p.m. depending on lcation on Christmas Eve .

by | December 24, 2018 | 20:26

The items that might be contaminated were shipped across the USA and produced on two days: October 22 and 23. "7% Fat" with "Use or freeze by" dates of November 12 and 13 on the side of the trays. Friday's announcement was the result of a continued outbreak of salmonella contamination in turkey products that dates back to past year, according to The Chicago Tribune .

by | December 24, 2018 | 08:30

Beer Store locations across the province also close at 6 p.m. on Christmas Eve and remain closed Christmas Day . Government workers will still receive the same pay as for a 40-hour work week, according to Newsweek . Lloyds pharmacy located inside Sainsbury's at the Leamington Shopping Park (known as the Shires) will be open 8am to 7pm on Christmas Eve; closed on Christmas Day; open 10am to 4pm on Boxing Day , open 8am to 7pm on New Year's Eve and open 9am to 5pm.