Markets

Sessions brands Russia collusion claims a 'detestable lie'

Sessions brands Russia collusion claims a 'detestable lie' Trump has managed to do it all before the six-month mark. U.S. Attorney General Jeff Sessions is sworn in Tuesday as he prepares to testify at a hearing of the Senate Select Committee on Intelligence on Capitol Hill. Throughout the hearing Sessions dodged questions on a panoply of topics using his dubious interpretation of executive privilege. Republicans were mostly noncombative, if not frie... [Full Article...]

Interest rate increased for second time

The Fed provided no date for the start of the bond sales but said that if the economy fares as expected , "we could put this into effect relatively soon". Overall, the USA has grown at a slow and steady pace since 2009, making it one of the longest periods of growth in American history. Justification from the data, on the other hand, as the economy shows lingering signs of weakness carrying o... [Full Article...]

Traders now see next Fed rate hike as soon as March 2018

Traders now see next Fed rate hike as soon as March 2018 It also signaled Fed officials are convinced the economic slowdown over the winter was temporary. While traders continued to see a more than 93% chance for the Fed to raise rates at the end of the two-day meeting on Wednesday, they dialed back the odds of a third hike this year. [Full Article...]

Higher Interest Rates From the Fed: What's Next for Your Money

The US Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing US economy and strengthening job market. [Full Article...]

Death toll rises to 12 in London apartment building inferno

Death toll rises to 12 in London apartment building inferno Lammy said in a Facebook post that Saye lives on the 20th floor with her mother. A newsletter past year advised residents that if there was a fire they should initially stay in their homes. Other residents said they were told that their units were fireproof for at least an hour. It was "like hell on earth", one source said. In a further blog posting in November 2016, the action group stated ... [Full Article...]

Federal Reserve interest rates since 2001

The Federal Reserve just approved the second interest rate hike of 2017, and the third in the past six months. In a statement Wednesday, the policymakers said that "the labor market has continued to strengthen and that economic activity has been rising moderately so far this year". [Full Article...]

Fed raises interest rates, to reduce balance sheet 'this year'

They also reduced slightly their estimate for the lowest sustainable level of long-run unemployment to 4.6 percent from 4.7 percent. Wall Street investors shouldn't be surprised by the rate hike: They estimated there was a 96% chance that the Fed would raise rates after its two-day meeting. [Full Article...]

Chelsea start against Burnley

Fellow Premier League new boys Huddersfield - back in the top division for the first time since 1972 - kick off at Crystal Palace . Manchester United begin at home to West Ham, 2016 champions Leicester visit Arsenal , while Liverpool go to Watford . [Full Article...]

Uber CEO takes leave of absence amid shakeup

Uber CEO takes leave of absence amid shakeup The probe was led by former United States Attorney General Eric Holder and made a total of 47 recommendations to revamp Uber . Performance reviews for manager and senior leaders were recommended in the report , but others noted the many management positions Uber still needed to fill in the wake of its executive exodus. [Full Article...]

Fed poised to hike rates for 2nd time this year

Chair Janet Yellen was asked at a news conference whether she anxious that the Fed could rattle markets once it starts shrinking its bond holdings. The policymakers signaled that they still expect to raise rates once more in 2017. It's nowhere near the Fed's target of 2 percent, and if you can see any acceleration in this chart you have sharper eyes than me. The yield on the benchmark 10-year ... [Full Article...]

Fed Hikes Interest Rate, Will Reduce Balance Sheet

USA short-term interest rate futures pared earlier gains on Wednesday after the Federal Reserve delivered a widely expected policy rate hike and provided details on its plan to trim its massive balance sheet . Japanese stocks closed slightly lower in a choppy trade on Wednesday as investors steer clear of choosing sides before the US Fed's monetary policy decision. [Full Article...]

New Zealand Economy Grew Less Than Forecast in First Quarter

New Zealand Economy Grew Less Than Forecast in First Quarter The figure followed disappointing growth of 0.4 per cent in the final quarter of previous year and comes against the backdrop of strong population growth driven by record immigration - which should boost the numbers. Strong growth in retail trade, manufacturing and healthcare also helped to boost growth, rising 1.8%, 1% and 1.6% respectively from the prior quarter. [Full Article...]

Apple's iOS Update To Include 'Do Not Disturb While Driving' Feature

Drag-and-drop will work exactly the same as it does on a desktop, and there's several new features related to multi-tasking to keep multiple apps open and then switch between them, dragging and dropping files . iOS 11 brings support for dragging and dropping items between applications . This is a great feature for anyone who likes to show people what is going on on their iPhone. [Full Article...]

Game 5 Finals loss can be blamed on the bench

The minute Kevin Durant signed with Golden State last July, media began flocking to Oakland to set up shop for the 2016-17 season. The singer conceded defeat after Durant and the Golden State Warriors won the title over her beloved LeBron James and his Cleveland Cavaliers by sharing a series of self-deprecating images to Instagram early Tuesday. [Full Article...]

Trump calls for unity after GOP baseball shooting

As of Wednesday afternoon, Scalise was in critical condition, according to MedStar Washington Hospital Center. I have also spoken with Chief Matthew Verderosa - he's doing a fantastic job - of the Capitol Police to express our sympathies for his wounded officers and to express my admiration for their courage. [Full Article...]

British books retailer WH Smith sees sales rise 2%

British books retailer WH Smith sees sales rise 2% However, its Travel arm continues to trade strongly, with sales up 5% like-for-like, as the company revealed it is set to open 15 more United Kingdom shops this year. There were other highlights, with total group sales up two per cent and gross margin improvements delivered "in line with plan". However, sales were down 4 percent at its UK-focused high street business which operates more than 600... [Full Article...]

The Antero Resources Corp (AR) Cut to Sell at ValuEngine

It has a 17.45 P/E ratio. The Firm operates through two divisions: the acquisition, development, ownership and management of office real estate (Office Segment), and the acquisition, development, ownership and management of multifamily real estate (Multifamily Segment). [Full Article...]

Amazon.com, Inc. (AMZN) Receives "Buy" Rating from Loop Capital

ALBERG TOM A also sold $630,102 worth of Amazon.com, Inc. The Bamco Inc holds 56,481 shares with $42.35M value, down from 75,849 last quarter. Pictet & Cie Europe Sa who had been investing in Amazon Com Inc for a number of months, seems to be bullish on the $474.68 billion market cap company. [Full Article...]

Wedbush Downgrades Rating On Starbucks Corporation (SBUX) To "Neutral"

Traders may also be paying close attention to RSI levels on shares of T-Mobile US Inc (TMUS). With all other things going on, Starbucks Corporation (NASDAQ: SBUX ) has been on a run - rising 12.25 percent in just three months. As per Wednesday, September 28, the company rating was maintained by Wedbush. Blackrock Grp, United Kingdom-based fund reported 12.92M shares. Capital World Investors ... [Full Article...]

US consumer prices dip 0.1 per cent in May

US consumer prices dip 0.1 per cent in May The Office for National Statistics said Tuesday that consumer prices were up 2.9 percent on the year in May, from 2.7 percent in April. Prices are also on the rise for clothing, up 0.6% compared with a fall of 0.3% a year ago, with children's clothing seeing the biggest increase. [Full Article...]


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