Markets

Seattle Approves Rich-Only Income Tax

Seattle Approves Rich-Only Income Tax Washington state doesn't have a personal income tax and a 1984 law bans cities and counties in the state from taxing net income, meaning Seattle's move is certain to face legal challenges, the AP reports. The council's finance committee voted to bump that rate by.25 percent on Wednesday and forwarded it to the full council for a vote. Revenue could be used to lower property taxes, pay for public s... [Full Article...]

M&S stays on track

M&S stays on track In the 13 weeks to 1 July 2017, M&S generated revenues of £2.53bn, an increase of 2.7 per cent or 1.8 per cent on a constant currency basis. Food like-for-like revenue during the period fell 0.1%, while clothing and home sales on that basis declined 1.2%. [Full Article...]

Gig economy firms 'let off' in shake-up

Gig economy firms 'let off' in shake-up In a speech in central London this morning, Matthew Taylor, chief executive of the Royal Society of Arts, will set out his blueprint for a United Kingdom economy that truly works for everyone, creating more skilled, well-paid jobs to boost the nation's earning power and productivity. [Full Article...]

Miners, banks lift European shares; Pearson jumps after Penguin stake sale

Miners, banks lift European shares; Pearson jumps after Penguin stake sale Pearson combined Penguin with Bertelsmann's Random House in 2013, leaving the British company owning just under half of the venture, which publishes books from writers including John Grisham, Ken Follett and George R.R. Pearson added at the time it may sell all or part of its 47% stake in Penguin Random House and "use proceeds from this action to maintain a strong balance sheet; invest in our bu... [Full Article...]

US Fed expects to begin shrinking balance sheet this year

The spread between 10-year US Treasury yields and their Japanese counterpart is close to the widest in almost two months, drawing bets that play on the divergence between rising Western government bond yields and low Japanese equivalents. The Bank of Japan on Monday offered its most optimistic view of the country's regional economies in more than a decade on solid exports and private consumption, ... [Full Article...]

North Korea's Missile Launch Pushed China, Russia to Form Alliance

An analysis previous year by the private US intelligence firm Stratfor, however, raised the argument that the "price paid" for a surgical strike should be weighed with the "future potential costs" of trying to rid the North of its nukes after it has a nuclear strike capability, or of Pyongyang actually using those weapons. [Full Article...]

Trump Jr. Sends Out Sarcastic Tweet About NYT Coverage

Trump Jr. Sends Out Sarcastic Tweet About NYT Coverage In an off-camera White House briefing, principal Deputy Press Secretary Sarah Huckabee Sanders dismissed the controversy. "Don Jr. had no knowledge as to what specific information, if any, would be discussed". about his conversation with Veselnitskaya. On Monday, a GOP member of the United States Senate investigative panel on the alleged Russian interference in the 2016 U.S. [Full Article...]

What Do Analysts Say About JC Penney Company, Inc. (JCP)

What Do Analysts Say About JC Penney Company, Inc. (JCP) Institutional investors own 77.89% of the company's stock. TRADEMARK VIOLATION NOTICE: "J.C. Penney Company, Inc". Zacks Investment Research raised shares of J.C. During the same period in the prior year, the company posted ($0.22) EPS. "J.C. Penney is well positioned for the future, and I will continue to follow the company closely as the team builds on the positive momentum it has experience... [Full Article...]

Wall Street edges higher, boosted by tech shares

Wall Street edges higher, boosted by tech shares Performance of large banks will come into the spotlight later this week as JPMorgan Chase , Citigroup and Wells Fargo are set to report their earnings. The healthcare sector was down 0.3 per cent as investors waited for clarity on the healthcare legislation overhaul proposed in Washington. Declining issues outnumbered advancers on the New York Stock Exchange by 1,359 to 1,255. [Full Article...]

Stock Markets Helped by Healthy US Economy

Stock Markets Helped by Healthy US Economy Stock futures in the US for Monday were up, suggesting shares on Wall Street will open higher and extend gains that were made following the release last Friday of the jobs report by the Labor Department. He added that the Bank of Japan in contrast is not anywhere close to exiting its policy and has taken steps to weaken its yen. Friday's losses were caused largely after reports showed that OPEC ex... [Full Article...]

New York City Commuters Brace For 'Summer Of Hell'

New York City Commuters Brace For 'Summer Of Hell' Karen said "that was the biggest complaint", as she chuckled. Riders streamed steadily from the LIRR platform at Atlantic Terminal onto the northbound 2 and 3 train between 8:00 and 9:00 a.m., with frequent directions from more than a dozen orange-vested MTA workers. [Full Article...]

2 hurt in Monday running of bulls

2 hurt in Monday running of bulls Twelve people, including four Americans, were gored at last year's festival. Two people were injured on day four of the festival today. Television images showed one bull running into a man from behind and hooking a horn into his jacket as he fell to the ground. [Full Article...]

Nnedi Okorafor's 'Who Fears Death' Is Being Made Into an HBO Series

Nnedi Okorafor's 'Who Fears Death' Is Being Made Into an HBO Series Some awesome news from HBO , George R.R. Martin, and Nigerian-American novelist Nnedi Okorafor . George R.R. Martin, the author whose saga " A Song of Ice and Fire " inspired HBO's hit " Game of Thrones ", has been attached to the project as an executive producer. [Full Article...]

Elliott Girds for Battle With Buffett in Texas Utility Bid

Elliott Girds for Battle With Buffett in Texas Utility Bid United States billionaire investor Warren Buffett has donated around $A4.17 billion of Berkshire Hathaway Inc shares to the Bill Melinda Gates Foundation and four family charities, his largest contribution in a more than decade-long plan to give away his fortune . [Full Article...]

Honda confirms another United States death linked to defective Takata air bags

Honda confirms another United States death linked to defective Takata air bags Accounting for this latest fatality, the deaths of 17 people globally - including 12 in the United States - have been linked to the defective inflators, while more than 180 US-based injuries have been related to the issue. The auto was included in "multiple recalls" as well as a safety campaign related to the specific kind of air bag inflater it used, according to the statement from Honda. [Full Article...]

BWI Airport In 'Ground Stop' Due To Incident At FAA Facility

BWI Airport In 'Ground Stop' Due To Incident At FAA Facility The Metropolitan Washington Airports Authority said there were ground stops at all three major airports in the region. Baltimore-Washington International Thurgood Marshall Airport, Washington Dulles International Airport and Reagan National Airport are being affected. [Full Article...]

Kremlin says power turbines in Crimea are made in Russian Federation

Kremlin says power turbines in Crimea are made in Russian Federation EU sanctions bar European individuals and companies from providing energy technology to Crimea or from taking any actions created to circumvent those rules due to the bloc's view that the peninsula was illegally stolen from Ukraine. Russia's Energy Minister Alexander Novak said installation of the power turbines in Crimea would go ahead. Earlier, the media reported that in the Crimea, which is s... [Full Article...]

CFPB Rolls Out New Arbitration Rule

CFPB Rolls Out New Arbitration Rule Mandatory arbitration clauses are found in the fine print of tens of millions of financial products, from credit cards to checking accounts. But it does prevent them from using the clauses to block class action lawsuits, CFPB officials said. [Full Article...]

Expel Lalu's son Tejashwi, will support your government from outside

Expel Lalu's son Tejashwi, will support your government from outside The JD (U) leaders had accused Prasad of favouring a private party in lieu of three acres of land in Patna being transferred to the Delight Company, which later came to Lalu's family, he said, adding, "Now, Sharad Yadav is attacking the central agencies for taking action against the RJD president on the same issue". [Full Article...]

Heathrow landowner drafts 'cheaper' third runway plan

Heathrow landowner drafts 'cheaper' third runway plan The Guardian noted Arora has a portfolio of hotels at Heathrow and other locations. Arora commissioned infrastructure company Betchel to conduct an initial assessment on HAL's current proposals, and has submitted its findings to the government. [Full Article...]


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