Economy


5 takeaways from Comey book, ABC interview 5 takeaways from Comey book, ABC interview
- April 18, 2018

He says Trump lies constantly; he suggests that Trump is dangerously divisive; he explains how this president fails to adhere to values that are at the core of the country. Yet Comey is willing to crown Trump as a king for four years, to argue that an unfit president who won a minority of the popular vote in 2016 (and trailed his main opponent by nearly 3 million votes) should be allowed to remain in office until January 20, 2021. (more...)
India to grow at 7.4 per cent in 2018 India to grow at 7.4 per cent in 2018
- April 18, 2018

The IMF upgraded its forecast for the 19-country eurozone to 2.4 percent - which would be its best showing since 2007 - and up from the 2.2 percent it predicted three months ago. If the government's broader housing policy agenda is fully implemented, that "would address most of the potential problems associated with foreign buyers on a less discriminatory basis", it said. (more...)
After '60 Minutes' report, MidAmerica director says Allegiant is safe to fly After '60 Minutes' report, MidAmerica director says Allegiant is safe to fly
- April 17, 2018

Booth said the low-priced carrier uses a fleet of older planes, which are bought from overseas, and crew members don't always seem to have passenger safety as their first priority. "By end of the year their fleet age will be much more in line with the rest of the industry", said Joseph DeNardi, an analyst with Stifel who has a buy recommendation on the stock. (more...)
Seven, Foxtel pay $1.2bn on cricket rights Seven, Foxtel pay $1.2bn on cricket rights
- April 14, 2018

The agreement will also see Fox Sports and Seven show 43 games each season from the Big Bash League (BBL) men's Twenty20 tournament, and 23 matches per year from the Women's BBL (WBBL). "As a startup League, the BBL is a phenomenal success story", Sutherland said. In a statement to shareholders, Seven West Media confirmed it has been advised by CA that its bid with Foxtel was successful. (more...)
Swedbank Increased Stake in Jpmorgan Chase & (JPM) as Shares Rose Swedbank Increased Stake in Jpmorgan Chase & (JPM) as Shares Rose
- April 14, 2018

Based on the latest 2017Q4 regulatory filing with the SEC, Swedbank rose its holdings in Jpmorgan Chase & ( JPM ) by 4.94%. It closed at $2.5 lastly. Swedbank has cut its stake in Citigroup Inc (NYSE:C) and also reduced its holding in Roper Industries (NYSE:ROP) by 76,127 shares in the quarter, for a total of 912,242 shares. (more...)
Walmart 'Yodeling Boy' Draws Big Crowd in Encore Walmart 'Yodeling Boy' Draws Big Crowd in Encore
- April 13, 2018

Streams of Hank Williams' " Lovesick Blues , " which was originally released as a single in 1949, have surged 2,452% since the Walmart Yodeling Boy meme went viral, according to Spotify. While a Walmart store might not seem like the most promising stepping stone to get to a place like the Opry, Ramsey says there's not much else his 700-person town can offer for performance space: "That's the only store we've got". (more...)
Men paid more in 78% of employers Men paid more in 78% of employers
- April 08, 2018

Companies which failed face legal action and there was a last-minute dash to meet the deadline. Analysis by the BBC shows that Scotland's biggest company, power firm SSE, paid women 19.3% less on average with one of its subsidiary companies, Scottish Hydroelectric Transmission, paying 36.1% less to women. (more...)
US employers add 103000 jobs in March, fewest in 6 months US employers add 103000 jobs in March, fewest in 6 months
- April 07, 2018

Employment growth has occurred in many regions across the province; year-over-year increases include Stratford-Bruce Peninsula (7.3 per cent), Toronto (3.4 per cent) and Hamilton-Niagara Peninsula (2.3 per cent). The number equates to 2.7 percent on an annualized basis. Average hourly pay ticked up, climbing 2.7 percent compared with a year earlier. March unemployment held at 4.1%, whereas analysts expected a decline to 4%. (more...)
Spotify soars in $26 billion stock debut Spotify soars in $26 billion stock debut
- April 05, 2018

Spotify went public with a large base of paid subscribers. The Swedish company's use of a " direct listing " allows its early investors and employees to sell as many shares as they want whenever they want. In many public listings, and the investors pitch last month, Spotify has spoken about becoming a "platform". Spotify's drop was a prime example of the general selloff gripping Wall Street , market analyst Neil Wilson said: "The Dow traded more than 400 points lower on the ... (more...)
Trade hostilities escalate as China slaps 25% tariff on United States soybeans Trade hostilities escalate as China slaps 25% tariff on United States soybeans
- April 05, 2018

China's tariffs amount to about 0.3 percentage point of US gross domestic product, "so it's hardly a life threatening activity", he said . That number accounts for about one-third of China's imports from the United States previous year, versus less than one-tenth of China's exports to the USA, according to data from International Monetary Fund. (more...)
Scattered showers Tuesday with temps in the mid-30s Scattered showers Tuesday with temps in the mid-30s
- April 05, 2018

TODAY: Early sun then turning cloudy with the chance for a couple showers through midday. MORE RAIN AND WINTER PRECIP CHANCES: We're not done with winter precipitation just yet. The latest model runs are tracking the storm harmlessly out to sea, but that could change if the storm takes a more northerly turn closer to Southern New England. (more...)
Disney makes offer for Sky News Disney makes offer for Sky News
- April 04, 2018

US cable giant Comcast gate crashed the deal in February when it said it would offer 12.50 pounds a share to buy Sky, compared to Fox's 10.75 pounds, although it has not yet made a formal bid. "These enhanced remedies went above and beyond what Ofcom, the expert, independent regulator on United Kingdom broadcasting, had stated would mitigate concerns around media plurality", said 21st Century Fox in a statement . (more...)
Stocks surge as the tech selloff ends Stocks surge as the tech selloff ends
- April 02, 2018

The Nasdaq Composite added 34.95 points, or 0.5 percent, to 6,984.17. At 8:35 a.m. ET, Dow e-minis 1YMc1 were up 75 points, S&P 500 e-minis ESc1 rose 9.25 points and Nasdaq 100 e-minis NQc1 gained 38.5 points. The group is up 14 percent so far this year, but privacy concerns in the wake of Facebook's scandal almost two weeks back has wiped $400 billion off their value. (more...)
China Focus: China launches crude oil futures trading China Focus: China launches crude oil futures trading
- March 29, 2018

Shanghai crude oil futures opened up more than 6 percent with nearly 20 million barrels of the most-active September contract changing hands in the first 25 minutes as China debuted its oil benchmark. benchmark, fell below the $65 level to $64.60 per barrel, down one per cent. Financial oil markets have always been dominated by Europe's Brent and America's WTI, despite Asia being the world's biggest and fastest growing oil consumer, has so far not had a benchmark. (more...)
Forget Zuckerberg: Trump Is Forget Zuckerberg: Trump Is "Obsessed" with Breaking Jeff Bezos
- March 29, 2018

The stock decreased 0.96% or $14.86 during the last trading session, reaching $1541. About 62,988 shares traded. It has underperformed by 3.07% the S&P500. The stock has "Buy" rating by Loop Capital on Tuesday , January 23. (NASDAQ: AMZN ) on Thursday, August 27 to "Outperform" rating. The stock of Amazon .com, Inc. (more...)
Waymo Adding Up to 20K Jaguar SUVs to Self-Driving Taxi Fleet Waymo Adding Up to 20K Jaguar SUVs to Self-Driving Taxi Fleet
- March 28, 2018

Waymo and Jaguar have formed a partnership to bring autonomous cars to market in the near future. The Jaguar I-Pace is expected to join Waymo's planned autonomous taxi fleet by 2020. That means Waymo has abandoned its plans to build an automobile of its own and will focus on being a supplier of autonomous technology to the industry. (more...)
Anti-BJP front: Who all likely to be part of it? Anti-BJP front: Who all likely to be part of it?
- March 28, 2018

TMC chief Mamata Banerjee met NCP chief Sharad Pawar , Shiv Sena MP Sanjay Raut and RJD MP Misa Bharti in New Delhi . Reacting on the leaked election dates of Karnataka Assembly polls, Banerjee said all institutions were becoming BJP institutions as the saffron party was "using and misusing" multiple agencies. (more...)
JD Sports Fashion to acquire U.S. brand Finish Line JD Sports Fashion to acquire U.S. brand Finish Line
- March 28, 2018

Listed on the NASDAQ with a market capitalisation of approximately $425m (£301m), for the year to 3 March 2018 Finish Line had revenues of $1.84bn (£1.3bn). The companies say they expect to close the deal in June. Public Employees Retirement System of OH increased its position in shares of Finish Line by 15.9% during the 2nd quarter. (more...)
Cheyenne Gun Trade on Remington Bankruptcy Cheyenne Gun Trade on Remington Bankruptcy
- March 27, 2018

Remington's reputation also took a hit when the loved ones of those killed in the 2012 Sandy Hook, Connecticut, school massacre, filed a class action suit charging the company's marketing of its Bushmaster AR-15 assault rifle, the firearm used by the killer, was responsible for the shooting. (more...)
TSLA) — Tesla Inc (NASDAQ TSLA) — Tesla Inc (NASDAQ
- March 27, 2018

The market's two biggest sectors slumped the most. Following his surprise victory in November 2016, shareholders make a beeline for the market in what became known as the ´Trumpflation´ trade - a bet that the former real estate mogul´s administration would deliver a boost to the USA economy through raised fiscal spending, deregulation and tax cuts. (more...)
Uber to sell Southeast Asia business to Singapore-based rival Grab Uber to sell Southeast Asia business to Singapore-based rival Grab
- March 27, 2018

Grab confirmed on Monday, March 26, that it has finalised the deal to acquire Uber's Southeast Asia operations and assets. The cease-fire marks a victory for Grab as well as SoftBank , the biggest shareholder in both companies. Uber has close to 60 percent of the market there, by some estimates. Uber's Khosrowshahi said the deal is a testament to Uber's "exceptional growth" across the region over the last five years. (more...)
First nonstop Australia to London flight touches down First nonstop Australia to London flight touches down
- March 26, 2018

It is part of Qantas's ambitious plans to add ultra long-haul flights to its schedules. "The last frontier of global aviation. the antidote to the tyranny of distance and a revolution for air travel in Australia ", The Telegraph quoted Qantas chief executive Alan Joyce as saying past year. (more...)
China firmly opposes United States tariffs on Chinese imports
- March 25, 2018

Trump justified the move as a response to the theft of U.S. companies' intellectual property by the Chinese government. "We have a tremendous intellectual property theft situation going on", Trump told reporters. When the goods are shipped back to the USA, they are considered imports in the trade balance. The U.S. personal savings rate has fallen steadily since the late 1970s . (more...)
Fed announces USA rate increase Fed announces USA rate increase
- March 24, 2018

While the Fed sounded mildly hawkish with a slightly steeper projection of rates for the next two years, it was compensated for by an improved growth outlook. "Taking trade restrictive measures will not only impede normal worldwide trade order but also cause serious damage to the multilateral trade system", Vice Commerce Minister Wang Shouwen said at a two-day World Trade Organization ministerial meeting that ended on Tuesday. (more...)
Uber's self-driving vehicle kills a pedestrian, who is at fault? Uber's self-driving vehicle kills a pedestrian, who is at fault?
- March 24, 2018

On Monday, an experimental self-driving Uber auto with a driver on board caused the death of a pedestrian crossing the road in the city of Tempe , Arizona. Rajkumar says that while the car's cameras appear to be of little value in the dark, its radar and LiDAR did not seem to behave as designed. A handout photo from Uber shows one of its Volvo self-driving SUVs in a desert setting. (more...)
Bumped passenger scores $10K flight voucher after Twitter tirade Bumped passenger scores $10K flight voucher after Twitter tirade
- March 24, 2018

However, she was reportedly kept from boarding the flight because there was not room and she paid the lowest fare for her ticket. Ms Preiss told The Associated Press she was waiting to board a flight to Austin, Texas, for a bachelorette party - and was concerned that she'd be kicked off, as the lowest fare passenger. (more...)
'Exhausted' Toys R Us Suppliers Weigh Options As Huge Retailer Shuts 'Exhausted' Toys R Us Suppliers Weigh Options As Huge Retailer Shuts
- March 21, 2018

Still, the company is under little pressure to hammer out a deal and deliberations may lead nowhere. In 2015, Bloomberg notes, Amazon considered buying some closed down Radio Shack locations, but ultimately opted against doing so. The future of its stores in Australia, France, Poland, Portugal and Spain are also hanging in balance. A buyer could potentially still operate some US stores from a Canadian base. (more...)
USA rate hike fears pull down Sensex USA rate hike fears pull down Sensex
- March 21, 2018

Investors also have been worrying this month about a potential global trade war, triggered by the Trump administration moving ahead with tariffs on foreign steel and aluminum. Meanwhile, on a net basis, foreign portfolio investors (FPIs) bought shares worth Rs 292.23 crore on Monday, while domestic institutional investors (DIIs) sold shares worth Rs 191.52 crore, showed a provisional data revealed by the stock exchanges. (more...)
Dog sent overseas by mistake returned to Kansas family Dog sent overseas by mistake returned to Kansas family
- March 20, 2018

Louis. The pet was delivered safely to its owners and all passengers on the flight were compensated, United said. It was a 12-hour flight. The family of the dog, Kokito, claims that they were told by a flight attendant to put the dog in the overhead bin rather than underneath the seat. (more...)
Claire's declares bankruptcy, plans to keep stores open Claire's declares bankruptcy, plans to keep stores open
- March 20, 2018

The company does not expect the restructuring to affect its stores and operations in the United Kingdom and across Europe. "Its plan to survive rests on its reputation for trendy merchandise and a unique service that it says can't be replicated by shopping online: ear piercing", reported Bloomberg News . (more...)
United Airlines flight diverted after third pet incident United Airlines flight diverted after third pet incident
- March 18, 2018

Flight 3996 banked toward northeast OH after the airline "chose the fastest option to reunite the dog with his family", Noonan said. The pet has been safely delivered to its owner. Things just got even worse for United Airlines . The dog, named Irgo, had quite an adventure when he was accidently flown to Japan and not Kansas City, Missouri, which was his intended destination. (more...)
Broadcom drops Qualcomm acquisition bid after Trump block Broadcom drops Qualcomm acquisition bid after Trump block
- March 17, 2018

Specifically, the order says Broadcom cannot suggest Qualcomm board members in order to stack takeover odds in their favor, nor can they "purchase or merge" with Qualcomm in any way. "Broadcom's Board of Directors and management team sincerely appreciate the significant support we received from the Qualcomm and Broadcom stockholders throughout this process". (more...)
Dog Dies After Attendant Forces Passenger to Put Carrier In Overhead Bin Dog Dies After Attendant Forces Passenger to Put Carrier In Overhead Bin
- March 16, 2018

They kind of treat them like they are luggage. Most infamously, a giant rabbit called Simon travelling from London to the Iowa State Fair died on a United flight, possibly freezing to death because it was subjected to cold temperatures or placed next to dry ice. (more...)
Volkswagen assigns $25 billion in battery orders for electric vehicles Volkswagen assigns $25 billion in battery orders for electric vehicles
- March 16, 2018

The automaker said it awarded lithium-ion battery contracts worth about 20 billion euros ($24.8 billion) to South Korean and Chinese companies. A decision will be made on the battery production supplier for North America, "shortly". models will be a bit of a sub-brand for Volkswagen with ID: Buzz, ID Crozz, and ID Vizzion all on the future roadmap. The CEO emphasized that Volkswagen is not turning its back on conventional drive systems. (more...)
AP assembly passes resolution on Special Category Status AP assembly passes resolution on Special Category Status
- March 15, 2018

They also requested to implement the provisions of the Andhra Pradesh Reorganisation Act, 2014, and honour the promises made during the bifurcation of the state by the then Prime Minister Manmohan Singh. Naidu said discussions on India's biggest bank fraud and other issues have been permitted under rule 176 that provides for a member to give notice of a Short Duration Discussion for raising a matter of urgent public importance without the voting clause. (more...)
Pi Day deals to help you celebrate the famous, irrational number Pi Day deals to help you celebrate the famous, irrational number
- March 15, 2018

KNEADERS: Every slice of handmade pie is $1.50 with entree purchase while supplies last. Whether you're looking for a nostalgic whoopie pie or something a bit more. Achatz Handmade Pie Co .: Offering pie slices for $3.14. Pi Day started 30 years ago at San Francisco's Exploratorium . For some lucky couples getting married on Pi Day, &pizza is throwing free weddings at their restaurants in four cities. (more...)
Air Canada computer issues force flight cancellation at Victoria airport Air Canada computer issues force flight cancellation at Victoria airport
- March 14, 2018

Airline Air Canada has confirmed that a system failure has led to maintenance problems, causing passengers during spring break have to deal with long queues and flight delays. The airline says customers are advised to check the status of their flight and check-in online at aircanada .com before going to the airport. Customers Air Canada at airports in other countries are forced to languish in long queues due to delays in the registration. (more...)
Oil prices move lower after Friday's rig-powered surge Oil prices move lower after Friday's rig-powered surge
- March 14, 2018

While Friday's jump helped push prices higher for the week, futures are still below their peak in January, with the market struggling to recoup losses from last month's broader market slump. Oil prices shot up more than 3 percent in Friday trading after oil and gas services company Baker Hughes reported a dip in rig activity in North America. (more...)
Donald Trump disagreed with sacked Secretary of State Rex Tillerson over Iran Donald Trump disagreed with sacked Secretary of State Rex Tillerson over Iran
- March 14, 2018

He was repeatedly forced to deny he had fallen out with Trump - vowing to remain in the post despite a sensational report that he once dubbed the president a "moron ". "You're losing what appeared to be a key player, or someone who should be a key in the Trump administration". "It's a surprise, but Japan-U.S. ties won't be shaken". (more...)
Jobs report surprise: 313000 added in February Jobs report surprise: 313000 added in February
- March 11, 2018

US employers have also benefited from a strengthened global economy. The Fed is considered certain to raise rates when it next meets in two weeks. Steel and aluminum producers would presumably hire more people. But revisions to December data on construction spending, factory orders and wholesale inventory have suggested the fourth-quarter growth estimate could be raised to a 3.0 percent pace. (more...)
Shiffrin slaloms to record 42nd FIS Alpine World Cup win in Ofterschwang Shiffrin slaloms to record 42nd FIS Alpine World Cup win in Ofterschwang
- March 11, 2018

EagleVail's Mikaela Shiffrin on Saturday celebrated her second-straight overall World Cup title by winning a slalom at Ofterschwang, Germany to also clinch the season slalom title. Shiffrin was a clear favorite to successfully defend her maiden overall title when she won the first five races of 2018. It's the end of the season, I can really, really feel it. (more...)
Prison time for 'Pharma Bro' Prison time for 'Pharma Bro'
- March 11, 2018

This is my fault. Shortly after being found guilty, Shkreli had bragged about the verdict on his YouTube channel, saying that "A few months of jail doesn't scare me". "He wants everyone to believe he is a genius, a whiz kid, a self-taught biotech wonder", said prosecutor Jacquelyn Kasulis . He was convicted last August of lying to his investors and trying to manipulate his company's stock prices. (more...)
Southern European bonds set for best week in months… Southern European bonds set for best week in months…
- March 10, 2018

The inflation forecast for this year was maintained at 1.4 percent, while the outlook for next year was trimmed to 1.4 percent from 1.5 percent. The euro dropped to $1.2314 from $1.2411 late Wednesday in NY. Regarding non-standard monetary policy measures, the Governing Council confirms that the net asset purchases, at the current monthly pace of €30 billion, are meant to run until the end of September 2018, or beyond, if necessary, and in any case until the Governing Council sees a ... (more...)
You Could Get a Blue Tick From Twitter, Too! You Could Get a Blue Tick From Twitter, Too!
- March 10, 2018

Twitter's policy states the company will revoke verified status of people "Promoting hate and/or violence against, or directly attacking or threatening other people on the basis of race, ethnicity, national origin, sexual orientation, gender, gender identity, religious affiliation, age, disability, or disease", or "supporting organizations or individuals that promote the above". (more...)
What Is International Women's Day Anyway? What Is International Women's Day Anyway?
- March 08, 2018

According to the World Economic Forum , the gender gap won't close until 2186. It's your day, Happy Women's Day! Our country will only achieve gender equality if we, its citizens, insist that it happens. Since 1975, each year has had its own dedicated theme. Advocacy, activism and support for women has been growing with movements such as #TimesUp, #MeToo and TIME magazine's The Silence Breakers. (more...)
Walmart Introducing Meal Kits in 2K-plus Stores Walmart Introducing Meal Kits in 2K-plus Stores
- March 08, 2018

Walmart has revealed plans to roll out its new meal kits to more than 2,000 stores this year. The pre-portioned line includes Steak Dijon, Basil Garlic Chicken, Sweet Chili Chicken Stir Fry and Pork Florentine. Meal-kit sales have grown to about $5 billion a year, according to a report from market research firm Packaged Facts, and the industry has been led by startups like Blue Apron and HelloFresh. (more...)
Allscripts Launches EHR-Integrated Lyft Transportation Service Allscripts Launches EHR-Integrated Lyft Transportation Service
- March 07, 2018

It's somewhat of literally the last mile, or the last lock of health care, getting the patient involved and making it easier for patients to get to appointments. "Health IT should always put the patient first and this partnership is representative of Allscripts commitment to connecting communities and helping providers deliver services their patients need", said Allscripts CEO Paul Black. (more...)
United Airlines pauses lottery for bonuses after employees rebel online United Airlines pauses lottery for bonuses after employees rebel online
- March 07, 2018

Hundreds of United employees signed a Change.org petition calling for the reinstatement of bonuses - and the airline was skewered for trying to peddle the lottery as a step up in worker compensation when, in reality, it was a cost-saving measure. (more...)
Amazon talks to banks over checking account Amazon talks to banks over checking account
- March 06, 2018

Doing so would expand Amazon's portfolio beyond its core e-commerce platform - which already includes grocery stores and most recently the acquisition of Ring . It's completely possible that the company will shy away from the effort and nothing will happen, reports The Wall Street Journal . "Amazon is in fifth gear, trying to double down on the consumer, and the finance vertical looks like the next step (through partnerships) of adding to the Amazon flywheel", Ives said in the email. (more...)
Delta Cuts Ties to NRA but Stresses Airline Is Pro-Second Amendment Delta Cuts Ties to NRA but Stresses Airline Is Pro-Second Amendment
- March 05, 2018

The Georgia Senate passed a large tax reform bill on Thursday, one day after removing an exemption on jet fuel that would have been a boon for the Atlanta-based airline. This decision followed the NRA's controversial statements after the recent school shootings in Florida. United Airlines also notified the NRA that it would no longer offer a discounted rate for the NRA's annual meeting. (more...)