Economy


Angela Merkel says she is 'curious' about the UK's Brexit negotiating position Angela Merkel says she is 'curious' about the UK's Brexit negotiating position
- February 17, 2018

German Chancellor, Angela Merkel has said she is looking forward to learning Britain's actual plans for Brexit as a new round of talks start next week. The PM wants to set a new precedent with the bloc "through a deep and special partnership" as " Europe's security is our security". Again she's asking for a unique arrangement. (more...)
PNB Fraud Case: Priyanka Chopra Mulling Termination Of Contract With Nirav Modi PNB Fraud Case: Priyanka Chopra Mulling Termination Of Contract With Nirav Modi
- February 17, 2018

Searches were carried out in places including in Delhi, Mumbai and Surat. On Thursday, central investigation agencies seized diamond and gold jewellery worth Rs 5,100 crore in nationwide searches and initiated the process for revoking Modi's passport , officials said. (more...)
BT Group To Show Premier League Matches For Further Three Years BT Group To Show Premier League Matches For Further Three Years
- February 16, 2018

BT Sport will continue to show games at 5.30 pm on Saturdays next season and then move to Saturday lunchtime fixtures from August 2019. There is even concern that if the current top six do not get their way, they will refuse to allow their television rights to be sold collectively when the United Kingdom deal next comes up for renewal in three years' time and will instead seek to go to market individually. (more...)
Revamps Its Position for Performance Measures: Time Warner Inc. (NYSE:TWX) Revamps Its Position for Performance Measures: Time Warner Inc. (NYSE:TWX)
- February 16, 2018

Ford Motor Company (NYSE:F) has declined 16.63% since February 2, 2017 and is downtrending. Columbia Asset Mngmt invested in 30,603 shares. Wedbush maintained Time Warner Inc . It also reduced its holding in Dell Technologies Inc by 288,554 shares in the quarter, leaving it with 1.86 million shares, and cut its stake in Nxp Semiconductors N V (Call). (more...)
Woman crawls into x-ray machine to protect her handbag Woman crawls into x-ray machine to protect her handbag
- February 15, 2018

A video showing the woman's silhouette as she passed through the X-ray machine at a railway station on Sunday has gone viral on the Chinese internet. When you're about to go on any trip, one of the biggest ball-aches is getting through security. (more...)
Three British people killed in helicopter crash at the Grand Canyon Three British people killed in helicopter crash at the Grand Canyon
- February 15, 2018

The four survivors, including the pilot were airlifted to Nevada Hospital at about 2am Sunday, and remain in serious to critical conditions. The Federal Aviation Administration and the NTSB will be investigating Saturday's crash . Photos from the scene showed the charred wreckage of the aircraft, obscured by orange flames and billowing black smoke. Federal Aviation Administration spokesman Allen Kenitzer said the Eurocopter EC130 aircraft sustained considerable damage. (more...)
Dec IIP at 7.1%; Jan CPI at 5.07% Dec IIP at 7.1%; Jan CPI at 5.07%
- February 14, 2018

Inflation has been scaring the markets, and investors have been bracing for a CPI report Wednesday that could send interest rates flying and stocks diving. FILE PHOTO: A woman shops at an H&M store in New York City, U.S. December 23, 2017. Joseph Song, U.S. economist at Bank of America Merrill Lynch, who had been correct in saying there could be an upside surprise in the January wage number, said, "We're looking for a gradual pickup in inflation this year". (more...)
Wall Street Snaps Back From Early Losses As Volatility Continues Wall Street Snaps Back From Early Losses As Volatility Continues
- February 11, 2018

That was its biggest loss since August 2011, when stocks were reeling as investors were fearful about European government debt and the US had its credit downgraded after the debt ceiling impasse. The Nasdaq composite gained 0.7 percent. THE Dow shot up 2% as a rollercoaster session approached its finale yesterday afternoon, rebounding from the huge losses of the prior session and a big drop at the open. (more...)
Margie's Money Saver: National Pizza Day deals Margie's Money Saver: National Pizza Day deals
- February 10, 2018

Dominos: You can choose two menu items for $5.99 each. Little Caesar's: An extra pepperoni and cheese pizza goes for $1 when upgrading to "EXTRAMOSTBESTTEST" at participating stores. The pizza is available in 4 varieties: Personal, Large, Personal Breakfast and Large Breakfast. Get two medium one-topping pizzas, Cheesy Bread and a two-liter soda for $20.99 . (more...)
Bank of England is likely to raise interest rates faster than expected Bank of England is likely to raise interest rates faster than expected
- February 10, 2018

That we are now moving - albeit very slowly - to what is a more "normalised" interest rate environment is undeniably welcome. "The Bank of England was always likely to hold raising rates again so soon, so today's decision shouldn't come as a shock". (more...)
British supermarket Tesco slammed with $7 billion equal pay lawsuit British supermarket Tesco slammed with $7 billion equal pay lawsuit
- February 09, 2018

This could lead to a disparity of more than £5,000 per year. The Guardian reported yesterday that law firm Leigh Day had launched legal action on behalf of almost 100 shop assistants who say that they earn as much as £3 an hour less than male warehouse workers in similar roles. (more...)
Uber accused of stealing trade secrets from Waymo in groundbreaking trial Uber accused of stealing trade secrets from Waymo in groundbreaking trial
- February 08, 2018

Waymo accuses one of its former engineers, Levandowski, of downloading thousands of proprietary files that he took to start his own company, which months later was acquired by Uber in mid-2016. That's how Kalanick described being CEO of Uber. Asked the meaning of a text message in which he told Levandowski to "burn the village", Kalanick said, "I don't know, I don't remember". (more...)
BP share price: Group's annual profits surge as oil price recovers BP share price: Group's annual profits surge as oil price recovers
- February 07, 2018

Besting its oil brethren is especially important for BP. BP's fortunes and reputation were left in tatters after the explosion at the Deepwater Horizon drilling rig killed 11 men off the coast of Louisiana, causing 134 million gallons of oil to spew into Gulf waters and triggering the worst environmental catastrophe in U.S. (more...)
Sensex slump over 1000 points, Nifty below 10400 Sensex slump over 1000 points, Nifty below 10400
- February 07, 2018

The BSE benchmark Sensex slumped 1,274.35 points to hit the day's low at 33,482.81 today. As many as 13 per cent felt the fall could be steeper at 10 per cent. He also added that capital market regulator SEBI is keeping a close watch on the stock market decline. The index declined 72.40 points, or 0.67%, at the day's high of 10,594.15 in mid-afternoon trade. (more...)
What a 'no customs union' means for the United Kingdom and Northern Ireland What a 'no customs union' means for the United Kingdom and Northern Ireland
- February 07, 2018

Mr Barnier also said the EU would consider a transition period for Britain after it leaves the bloc that would allow for continued temporary access to the single market and customs union to allow businesses to adapt. A bilateral customs agreement, such as the EU-Turkey "customs union", for example, though, does not cover agriculture or services, nor does it affect procurement. (more...)
Telugu Desam MPs to up the ante in Parliament Telugu Desam MPs to up the ante in Parliament
- February 07, 2018

Andhra Pradesh Chief Minister Chandrababu Naidu on Sunday made a decision to stay in the NDA fold but vowed to fight against the "injustice" done to the State in the Union Budget . "We will organise meetings across the state and our state leaders will be touring all over", said BJYM state president, S. Vishnuvardhan Reddy. "We have three options - one is to try and continue, two is our MPs resign and the third is to end the alliance", he said adding that a decision about it will be taken ... (more...)
Crude oil futures surge to Rs 4245 per barrel Crude oil futures surge to Rs 4245 per barrel
- February 05, 2018

For the long term, however, Goldman sees Brent heading back to $60 in 2020 due to what it calls the "New Oil Order", which consists of growing production from USA shale and OPEC's eventual exit from its output reduction deal. West Texas Intermediate, the US benchmark for the price of oil, was up 0.9 percent to $65.31 per barrel. BBL Commodities, one of the world's largest oil-focused hedge funds, expects Brent crude to reach $80 this year, up from around $70 in January. (more...)
Sharks McGuigan gets the Scottish start Sharks McGuigan gets the Scottish start
- February 04, 2018

It was a mightily impressive performance by Wales and one that should send belief soaring for the encounter with the champions in England. Up front Ross Moriarty has recovered from a back injury to take his place at No 8, alongside Josh Navidi and Aaron Shingler. (more...)
How major USA stock indexes fared on Wednesday How major USA stock indexes fared on Wednesday
- February 04, 2018

The dip came after the Federal Reserve released its latest statement on interest rate policy and the economy. The higher wage growth and potentially higher inflation "might then lead the Federal Reserve to raise their interest rates more rapidly than the market is comfortable with", he told NPR's John Ydstie. (more...)
Black unemployment rose sharply in January, as Trump bragged about record lows Black unemployment rose sharply in January, as Trump bragged about record lows
- February 03, 2018

In Trump's first year in office, he presided over a 1% decline in the black unemployment rate, which is really just the continuation of a 1% per-year decline that started under President Obama . Per the New York Times , "The modern roots of the racial wealth gap can be traced back to the post-World War II housing boom, when federal agencies blocked loans to black Americans, locking them out of the greatest wealth accumulation this country has ever experienced". (more...)
Fry day as stocks lose nerves Fry day as stocks lose nerves
- February 03, 2018

Interestingly, FPIs remained net buyers of domestic equities worth '950 crore after pumping in Rs 1000 crore on the Budget day. The broader NSE Nifty cracked below the 10,800-mark by tanking 256.30 points, or 2.33 per cent, to 10,760.60 at close and intra-day, it hit a low of 10,736.10. (more...)
McDonald's (NYSE:MCD) announces a quarterly dividend of $1.01 McDonald's (NYSE:MCD) announces a quarterly dividend of $1.01
- February 03, 2018

The average volume was noted at 5795.16K shares while its relative volume was seen at 0.87. Cincinnati Financial Corp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $234.60 billion market cap company. (more...)
Reviewing the Insider Trends for Microsoft Corporation (MSFT) Reviewing the Insider Trends for Microsoft Corporation (MSFT)
- February 02, 2018

Beta factor was calculated at 1.02. About 403,799 shares traded. Amicus Therapeutics, Inc. (NASDAQ:FOLD) has risen 12.45% since February 1, 2017 and is uptrending. The rating was downgraded by Deutsche Bank on Friday, October 14 to "Hold". Zacks upgraded Ameriprise Financial, Inc. The collective rating of 2.4 for GGP Inc. (more...)
Budget 2018: What to Expect From Arun Jaitley's Pandora's Box This Year Budget 2018: What to Expect From Arun Jaitley's Pandora's Box This Year
- February 01, 2018

Finance Minister Arun Jaitley is set to present the Union Budget for 2018-19 on Thursday, February 1 , and all eyes are on what benefits he brings to the table. "The government is likely to give special attention on alleviating the stress that has built up in the rural economy while also pushing infrastructural projects". (more...)
Amazon, Berkshire Hathaway, JPMorgan Team Up to Reduce Costs for Employees Amazon, Berkshire Hathaway, JPMorgan Team Up to Reduce Costs for Employees
- February 01, 2018

The details are scarce. While the specifics of the new company are still in the planning stages, the initial focus will be on technology solutions that provide "simplified, high-quality and transparent healthcare at a reasonable cost". "I mean, Berkshire Hathaway has a pretty big insurance arm", he says. Amazon , which mostly sold books when it was founded more than 20 years ago, has radically changed the ways in which people buy diapers, toys or paper towels. (more...)
BBC 'to introduce news presenter pay cap of £320000' BBC 'to introduce news presenter pay cap of £320000'
- January 31, 2018

The BBC acknowledged a lack of "clear pay frameworks" and a "lack of clarity and openness about the basis for pay decisions because of the absence of pay ranges for on-air roles". "Through the year, we will continue to make changes to our on-air line-ups at a faster rate", the said. The broadcaster said it had already addressed nearly half of the 230 cases raised over pay unfairness and equality by women and men, and that it intended on concluding the rest by the summer. (more...)
Quiksilver CEO Pierre Agnes Lost At Sea Quiksilver CEO Pierre Agnes Lost At Sea
- January 31, 2018

Quicksilver recently changed its name to Boardriders, regrouping its other brands including surf and snowboard women's brand Roxy and skateboard footwear brand DC Shoes. Quiksilver , which was founded in Australia, makes clothing for surfers and surfing aficionados. Quiksilver's parent company, Boardriders Inc., now controls an extensive portfolio of action sports brands including Quiksilver, Roxy, DC Shoes, Billabong, RVCA, Element, VonZipper, and Xcel. (more...)
Three Texas athletes named to US Olympic Team Three Texas athletes named to US Olympic Team
- January 30, 2018

A team of 169 athletes would have been the fourth largest delegation in Sochi, trailing only Canada, the United States and Russian Federation. The week-long hearing at the Court of Arbitration for Sport (CAS) includes appeals from 39 Russians who competed at Sochi in 2014 but are now banned after multiple independent reports linked them to doping. (more...)
This Copper Miner More Than Doubled Profits, Propelling The Stock This Copper Miner More Than Doubled Profits, Propelling The Stock
- January 29, 2018

Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. FCX has been the topic of a number of analyst reports. Therefore 17% are positive. Freeport said it was also helping Indonesia evaluate the 40-percent interest in Grasberg held by joint venture partner Rio Tinto, which is discussing a deal with the government. (more...)
Perris torture case: Turpins were ready to move 'within days,' source says Perris torture case: Turpins were ready to move 'within days,' source says
- January 28, 2018

But before those discussions can happen, officials want to talk to him about another matter: whether he knew about the past abuse. Authorities have not released the names of the children. The small group of family members took up nearly half a row of seats and they were all wearing matching outfits - blue shirts and tan trousers, he said. (more...)
Dow futures leap 115 points on Caterpillar earnings Dow futures leap 115 points on Caterpillar earnings
- January 28, 2018

Intel's (O:) shares jumped more than 9 percent to their highest in nearly two decades, after strong results offered the clearest sign yet that its years-long effort to shift away from a slowing PC business was paying off. Yamana Gold Inc. rose almost 2.3 per cent to $4.51 and Alamos Gold Inc. gained 3 per cent to $7.86. As of Thursday, 77 percent of the S&P 500 companies that had reported surpassed earnings expectations, while 79 percent of those companies had beaten sales estimates, ... (more...)
Canada hails United States decision on Bombardier case Canada hails United States decision on Bombardier case
- January 27, 2018

The Commerce Department had imposed a almost 300% tariff after finding in a case initiated by Boeing that Bombardier's pricing of the 100- to 150-seat jets amounted to "dumping" of goods well below cost. "There's absolutely no reason now for the C Series to be built in Mobile, Alabama", he argued, adding that half the C Series-related jobs are already in the U.S. (more...)
Reba McEntire Is KFC's Newest Colonel Sanders Reba McEntire Is KFC's Newest Colonel Sanders
- January 27, 2018

The fast food chain posted one of the new commercials on YouTube and Twitter on January 25, 2018, revealing that Reba McEntire is playing the famous character. "I grew up with Kentucky Fried Chicken", McEntire said in a KFC statement . Das believes the colonel would be proud of the new sauce. She's also "eaten KFC my whole life" because it's "American" and, in her mind at least , "wholesome". (more...)
US economy grows 2.6% in Q4 2017 US economy grows 2.6% in Q4 2017
- January 27, 2018

Britain's economy defied expectations by surging in the final three months of past year, with annual growth nearly four times higher than economists had expected after the Brexit vote. The price index for personal-consumption expenditures rose at a 2.8% pace in the fourth quarter, in part due to higher oil prices. Such sales grew 4.3% last quarter, the most since 2014. (more...)
Oil advances as cheap dollar stokes demand for tightening supply Oil advances as cheap dollar stokes demand for tightening supply
- January 27, 2018

Its session high of $71.28 a barrel was the highest since early December 2014. Oil traders are reacting to "U.S. dollar movements", Eric Nuttall, a portfolio manager with Ninepoint Partners LP in Toronto, said in a phone interview. "A lot of people looking at the oil market focus 90% of their time on supply", Pavel Molchanov, an energy research analyst at Raymond James in Houston, said by telephone. (more...)
Brent Crude Trades at Highest Price Since December 2014 Brent Crude Trades at Highest Price Since December 2014
- January 27, 2018

Futures gained as much as 1.3% in NY. "Demand is outpacing supply", Brian Kessens, who helps manage US$16 billion in energy assets at Tortoise Capital Advisors LLC, said by telephone. The American Petroleum Institute publishes industry data late in the trading day Tuesday, followed by official estimates from the U.S. Energy Information Administration on Wednesday. (more...)
Jerome Powell to take over Janet Yellen as Fed's chairman Jerome Powell to take over Janet Yellen as Fed's chairman
- January 25, 2018

He is widely seen as a safe pair of hands and someone who backs low interest rates, though some fear he could face interference. US Senate on Tuesday confirmed Jerome Powell as the next chairman of the Federal Reserve. Powell acknowledged that "low-for-long interest rates can have adverse effects on financial institutions and markets", in a speech last January. Central bankers also penciled in plans to raise rates three more times in 2018, and then twice in 2019. (more...)
11 nations reach TPP trade deal 11 nations reach TPP trade deal
- January 25, 2018

After Canada yesterday agreed to rejoin 10 other nations in resurrecting the trade pact, Turnbull termed the deal a multi-billion-dollar trade windfall for Australia. But a major labour union and a group representing auto parts manufacturers said the deal would cause job losses. The agreement follows two days of high-level talks in Tokyo and was confirmed by Canadian International Trade Minister Francois-Philippe Champagne. (more...)
Tesla DUI Crash: Drunken Driver Blames Autopilot Tesla DUI Crash: Drunken Driver Blames Autopilot
- January 24, 2018

Furthermore, National Transportation Safety Board in the U.S. is gathering information about the accident involving a Tesla Inc. This is the second time the safety board has probed a Tesla crash that may be linked to Autopilot, Tesla's semi-autonomous driver assist system that handles some tasks and allows drivers under certain conditions to take their hands off the wheel for extended periods. (more...)
Amazon opens its automated store of the future Amazon opens its automated store of the future
- January 23, 2018

If you're local to Amazon's home city it'll certainly be worth popping along to the new store to experience Amazon Go for yourself. The only staff that are in the store are there to either check ID for alcohol, or are in the kitchen where most of the meals are all freshly prepared. (more...)