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Monthly Archives: November 2017

FDA warns against using kratom for opioid addiction

Surachetkhamsuk | Getty Images Kratom is made from the leaves of Mitragyna speciosa, a Southeast Asian tree related to coffee. Although it’s receiving pushback from the DEA, scientists say kratom contains alkaloids that have the potential to reduce pain without addiction. In 2012 and 2014 the FDA placed import alerts …

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Senate leaders look to work with White House to block Roy Moore

Jonathan Bachman | Stringer | Getty Images Republican candidate for U.S. Senate Judge Roy Moore speaks during a campaign event at the Walker Springs Road Baptist Church on November 14, 2017 in Jackson, Alabama. U.S. Senate Majority Leader Mitch McConnell said on Tuesday that he wanted to work with the …

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Cerberus takes 3 percent stake in Deutsche Bank

Kai Pfaffenbach | Reuters 2016A statue is seen next to the logo of Germany’s Deutsche Bank in Frankfurt, Germany. U.S. buyout fund Cerberus has taken a 3 percent stake in Deutsche Bank, Germany’s flagship lender said on Wednesday. The investment makes Cerberus the fourth-largest shareholder after China’s HNA group, Qatar …

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Russia says Venezuela to pay it back $3.15 billion over 10 years

Carlos Garcia Rawlins | Reuters Venezuela’s President Nicolas Maduro gestures as he talks to the media during a news conference at Miraflores Palace in Caracas, Venezuela October 17, 2017. Russia and Venezuela have signed a debt restructuring deal under which Caracas will pay Moscow back $3.15 billion over a 10-year …

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Here’s everything you need to know about Target’s earnings

Mark Ralston | AFP | Getty Images Shoppers at a Target store in Culver City, California. Target is set to report third-quarter earnings before the bell on Wednesday. Here’s what Wall Street is expecting, based on a survey of analysts by Thomson Reuters: Earnings per share: 86 cents, adjusted. Revenue: …

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Oversupply has ‘fundamentally changed’ the LNG market — but it won’t last long

Reuters A man looks as the world’s biggest Liquefied Natural Gas (LNG) tanker DUHAIL as she crosses through the Suez Canal. The Qatari tanker, which was built to transfer LNG from Qatar to Europe and the U.S., is on her first trip ever from Qatar to Spain. A global liquefied …

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Rising debt and low interest posing greatest market risks, IMF’s David Lipton says

Akio Kon | Bloomberg | Getty Images David Lipton, first deputy managing director of the International Monetary Found (IMF). According to the Bank for International Settlements, global corporate and household debt reached 138 percent as a share of gross domestic product (GDP) in 2016, compared to 115 percent in 2007, …

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Millennials lose taste for dining out

Restaurant sales growth has been slowing at a puzzling pace usually seen in a much weaker or even recessionary economy. Bank of America Merrill Lynch economists say millennials are to blame. Ahead of Wednesday’s government retail sales report, the economists studied restaurant sales, which have seen a steady decline in …

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Buffett adds to Apple stake, bails further on IBM

Warren Buffett’s Berkshire Hathaway bought more Apple shares before their latest jump to all-time highs. Berkshire also cut its stake in IBM by 32 percent, or 17.06 million shares, in the third quarter, according to a required quarterly filing with the U.S. Securities and Exchange Commission released Tuesday. The stock …

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Hannover Airport in Germany lifts lockdown after explosives found

Karl Johaentges | LOOK-foto | Getty Images Hannover Airport in Langenhagen, Lower Saxony, Germany Hannover Airport in Germany has lifted its lockdown after being briefly closed following the discovery of explosives, the airport’s service center told NBC News. The explosives were found at the UPS center at the airport.

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