USA Today: ‘Super Mario’ makes his run at the smartphone market

From USA Today

‘Super Mario’ makes his run at the smartphone market

During the ascent of the Wii, Nintendo experimented with an idea.In 2009, it launched the Wii console game New Super Mario Bros., a modern spin on the classic franchise that featured the ability for four people to break blocks and scoop up mushrooms together.As Nintendo developers worked on the game, they tinkered with a simpler concept for Super Mario, using the Wii remote and a single button, only controlling how Mario jumps without worrying about his movement.That experiment will come to life as Nintendo’s first ever smartphone game. Next week, the video game publisher will launch Super Mario Run for the iPhone.Shigeru Miyamoto, the famed game designer who helped bring Mario and other Nintendo icons to life, says the original idea was sparked by concerns Super Mario games were becoming too complex for a segment of the audience. He cites the original Super Mario Bros. for the Nintendo Entertainment System, noting a big reason for its popularity was how easy it was to play.

USA Today: Stocks set to open higher and hit new records

From USA Today

Stocks set to open higher and hit new records

Stocks were set to rise at the open Friday and push further into record territory in a holiday-shortened trading session.Dow futures were up 0.3% prior to the market open and S&P 500 futures gained 0.2%. Nasdaq futures rose 0.1%.The recent market rally that has been sparked by investor optimism of a more business and market friendly Donald Trump administration picked back up after U.S. markets were closed Thursday for the Thanksgiving holiday. Markets were set to close at 1 p.m. ET on Friday.Overseas, European stocks were mixed as Asian markets edged higher Friday.Britain’s FTSE 100 wa up 0.2% while France’s CAC 40 fell 0.1% and Germany’s DAX retreated 0.1%.

USA Today: At least 67 killed in construction accident at Chinese power plant

From USA Today

At least 67 killed in construction accident at Chinese power plant

At least 67 people were killed Thursday when a platform that was under construction at the cooling tower of a power plant in eastern China collapsed, state media reported.The incident happened at the Fengcheng plant in Jiangxi province at around 7 a.m. local time, the official news agency Xinhua said.State TV reported that rescuers were trying to free one person who was trapped.Five injured workers were taken to a local hospital, Xinhua reported. State broadcaster CCTV reported that more than 100 paramilitary police joined in the rescue effort.Premier Li Keqiang said supervision and preventive measures should be improved to stop such a major accident from happening again.

USA Today: Largest oil deposit ever found in U.S. discovered in Texas

From USA Today

Largest oil deposit ever found in U.S. discovered in Texas

The U.S. Geological Survey recently discovered the largest continuous oil and gas deposit ever found in the United States, officials said Tuesday.The agency announced that the Wolfcamp shale, located in the Midland Basin portion of Texas’ Permian Basin, contains 20 billion barrels of oil and 1.6 billion barrels of natural gas liquid.The Permian Basin is one of the most productive oil and gas areas in the country, and more than 3,000 horizontal wells have been drilled in the Wolfcamp shale section, the agency said in a statement.“The fact that this is the largest assessment of continuous oil we have ever done just goes to show that, even in areas that have produced billions of barrels of oil, there is still the potential to find billions more,” said Walter Guidroz, program coordinator for the U.S. Geological Survey (USGS) Energy Resources Program.

USA Today: Ford CEO warns about Trump’s car tariff

From USA Today

Ford CEO warns about Trump’s car tariff

LOS ANGELES — Ford Motors CEO Mark Fields said Tuesday that a 35% tariff on cars and trucks imported from Mexico — an idea promoted by President-elect Donald Trump — would have a “huge impact” on the entire U.S. economy.Fields, who delivered the keynote speech at the Los Angeles Auto Show this morning, spoke about Donald Trump for the first time in public since the businessman was elected to become the next president.On the campaign trail Trump frequently criticized Ford for deciding to move the production of small cars from the U.S. to Mexico, leading to a feud between the candidate and the automaker. Trump also has promised to bring manufacturing jobs back to the U.S. and has talked about imposing a 35% tariff on cars made in Mexico.

USA Today: Retail sales susrged in October

From USA Today

Retail sales susrged in October

Retail sales rose sharply in October and a core reading rebounded strongly after several sluggish months, raising hopes that consumer spending will support solid economic growth in the current quarter.Sales rose 0.8%%, above the 0.6% economists expected. Excluding autos, gasoline, food services and building materials — which are all considered volatile — sales jumped 0.8%, well below the 0.4% economists had forecast.Shoppers generally have spent more freely this year amid solid job and wage growth, cheap gasoline and reduced debt. But core sales lost steam in recent months, with some economists citing uncertainty tied to the US presidential election.