Saudi stocks slump after drone strikes hit Aramco oil plants
The Tadawul All Share Index lost around 2.5 percent as it hit 7,629.49 points after the opening bell. The drop was reportedly led by Al Rajhi Bank and Saudi Basic Industries Corporation, both of which slid around three percent.The Arab world’s largest equity market regained some losses later in the day, standing at 7,734.94 points, but still down 1.24 percent, as of 10am GMT. Also on rt.com Saudi oil fire is a winner for the US and its plans for war with Iran – Kim Dotcom Sunday’s decline wipes out gains the market made this year, according to Reuters. The Tadawul All Share Index is down about 18 percent from this year’s high of 9,403 points and down 1.8 percent compared to September 2018.Other regional markets were not spared from … [READ MORE...]
Calls for Kavanaugh’s Impeachment Come Amid New Misconduct Allegations
At the center of Judge Kavanaugh’s confirmation hearing was the testimony of sexual misconduct allegations by Christine Blasey Ford, a California university professor who had attended a Washington-area high school near his.She testified that when they were teenagers, he pinned her to a bed, groped her and tried to remove her clothes while covering her mouth. He has denied the allegations from both women.“These newest revelations are disturbing,” Elizabeth Warren, the Democratic senator from Massachusetts wrote on Twitter about The Times essay. “Like the man who appointed him, Kavanaugh should be impeached.”Kamala Harris, a Democratic senator from California and a member of the Senate committee that presided over his confirmation hearings, on Twitter echoed the call for impeachment.“He was … [READ MORE...]
Is Cold Brew Better Than Iced Coffee?
“I’ve seen this statistic a lot,” she said in reference to a oft-quoted claim that cold brew is 70 percent less acidic than regular iced coffee. “But I don’t see any scientific data to support this claim,” directing me to a study that shows “comparable” pH values from cold- and hot-brew samples, “ranging from 4.85 to 5.13.” For comparison’s sake, the stomach’s pH hovers somewhere between 1.5 and 3.5.Does cold-brewed coffee have more caffeine? Wading through the world of cold brew coffee can be a brutal game of trial and error. Thanks to the wide range of brewing methods, the difference in caffeine content among cold brews is considerably harder to predict than the amount of acid. After brewing for 20 hours, 16 ounces of cold brew at Starbucks contains 200 milligrams of caffeine (12 … [READ MORE...]
Latest News
This Week in Business: E-Cigarettes Take a Hit, and Gig Workers Get Good News
Uber’s UpsetIn a victory for struggling gig workers, California passed legislation requiring businesses that rely on them — like ride-hailing companies and delivery services — to treat them as employees. That would require those companies to provide their gig labor force with benefits like paid sick leave and minimum wages. Uber, one of the bill’s main targets, claimed that the measure did not apply to its drivers, and was promptly sued. Other companies dependent on the gig economy, like … [Read More...]
Trade Tensions Ease as China Drops Some Pork and Soybean Tariffs
But Friday’s state media reports, brief in length and substance, left unclear whether China was willing to substantially roll back tariffs it had previously placed on American goods. It began to stop imports of American agricultural products a year ago as trade tensions escalated.The National Development and Reform Commission and the Ministry of Commerce, the two sources of Friday’s news, did not respond to requests for comment on Friday, which was a holiday in China.In further evidence of … [Read More...]
Recession or Slowdown? Why You Should Care About the Difference
That said, other economic authorities often point out contractions first. Staff at the Federal Reserve, for instance, believed by March 2008 that the economy was moving into recession — a full nine months before the official dating. The Fed has yet to signal similar fears in 2019. While output growth slowed to a 2.0 percent annual rate in the second quarter from 3.1 percent earlier in the year, according to early data, that is still a decent reading, and consumer spending remains strong.What do … [Read More...]
New Lawsuit Against Uber Is Set to Test Its Classification of Workers
Uber did not have any comment on the class-action suit beyond what it said on Wednesday.A summary judgment decision in 2015 in another high-profile case against Uber, also brought by Ms. Liss-Riordan, found the argument that Uber wasn’t in the driving business “strains credulity.” And a decision against Uber in an unemployment insurance case in New York said the idea that Uber was not a transportation company but simply provides leads for drivers is a “non sequiter [sic].”In a related case … [Read More...]
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Small Business
Is Cold Brew Better Than Iced Coffee?
“I’ve seen this statistic a lot,” she said in reference to a oft-quoted claim that cold brew is 70 percent less acidic than regular iced coffee. “But I don’t see any scientific data to support this claim,” directing me to a study that shows “comparable” pH values from cold- and hot-brew samples, “ranging from 4.85 to 5.13.” For comparison’s sake, the stomach’s pH hovers somewhere between 1.5 and … [Read More...]
Instagram Therapists Are the New Instagram Poets
Instagram therapists are the new Instagram poets, in a way — only instead of posting free verse in typewriter font, they deal in pithy pronouncements about embracing imperfection, self-care, “growth mindset,” mothering oneself, impostor syndrome and trauma. The digital words of accounts like @thefatsextherapist, @nedratawwab and @the.holistic.psychologist are meant to encapsulate the “aha” moment … [Read More...]
Your Money
Counter Service Tipping: Who Gives?
Add on the handful of customers who throw cash in the jar after a credit card transaction, and we may be edging toward a 50 percent rate — enormous growth over counter-service tipping a decade ago, when tipping at counters mostly involved the highly optional act of throwing change in a jar.“The friction of leaving a tip has gone away,” said Aman Narang, the president of Toast, calling the rise of … [Read More...]
Rising Car Prices Are Sending Even Strong-Credit Buyers to the Used Lot
Ten years ago, Edmunds said, the average sticker price of a new vehicle was $6,500 above the base price; now, it’s more than $10,000. The difference is mostly due to advanced safety and entertainment systems and consumers’ appetite for pricey add-ons in new cars. By buying used, shoppers can get the fancy features at a far lower cost.“Used-car shoppers are getting the most bang for their buck,” … [Read More...]