Economy

Economy US consumer prices dip 0.1 percent in May
Author: 0 US consumer prices dip 0.1 percent in May

Last month, rental costs increased 0.3 percent, matching April's gain. The RBI cut inflation estimates for the financial year to March 2018 after retail inflation dipped to an historic low in April. The rate is above the Bank of England 2 per cent target and the highest since June 2013. A decline in wireless phone prices also has curbed inflation readings amid a restoration of unlimited data plans by Verizon (VZ).

Economy I'm 100% willing to testify about Comey's claims
Author: 0 I'm 100% willing to testify about Comey's claims

He also has secret recordings of his conversations with Comey - unless he lied about that, which he nearly certainly did. Trump's Twitter account had been quiet throughout Comey's testimony accusing the administration of spreading "lies".

Economy Federal Reserve raises interest rate by quarter point
Author: 0 Federal Reserve raises interest rate by quarter point

The US stock markets remained steady as a rate hike this time around had already been baked in the prices. Has The Market Priced In A Rate Hike? The post-meeting statement said inflation "has declined recently" even as household spending has "picked up in recent months", the latter an upgrade from the May statement that said spending had "rose only modestly".

Author: 0 Intermediate Capital Group plc's (ICP) "Buy" Rating Reiterated at Liberum Capital

It has underperformed by 16.70% the S&P500. UBM Plc (LON:UBM)'s stock had its "add" rating reiterated by equities research analysts at Peel Hunt in a research note issued to investors on Wednesday, May 17th. Its up 0.05, from 1.05 in 2016Q3. 93 funds opened positions while 316 raised stakes. Keating Inv Counselors Incorporated owns 82,525 shares for 0.52% of their portfolio.

Economy Text of the Fed's statement after its meeting Wednesday
Author: 0 Text of the Fed's statement after its meeting Wednesday

The central bank voted to raise its key rate target to a range of 1% to 1.25%. The Fed also issued updated economic forecasts that showed it foresees one additional rate increase this year to follow Wednesday's increase and an earlier rate hike in March .

Author: 0 White House: Trump won't sack special counsel Robert Mueller

Rosenstein's testimony was in less than ideal alignment with what White House spokeswoman Sarah Huckabee Sanders told reporters on Air Force One as she proceeded to undercut the deputy attorney general. He said there is no cause to consider removal, and that that the Attorney General's office alone would make that decision with the special counsel .

Economy US consumer prices slipped 0.1 percent in May
Author: 0 US consumer prices slipped 0.1 percent in May

Figures from the Office for National Statistics (ONS) revealed the consumer prices index rose by 0.2% during the month, showing a steady upward trend since the United Kingdom voted in favour of leaving the European Union last June. Michael Baxter, economics commentator for The Share Centre, warned the United Kingdom is suffering a "double blow" in that inflation is rising due to higher commodity prices - not dissimilar to what is happening in the U.S.

Economy Apple's iPad Pro is closer than ever to replacing your laptop
Author: 0 Apple's iPad Pro is closer than ever to replacing your laptop

Since Christmas the older 9.7-inch iPad Pro has played an ever increasing role in my day-to-day work. It was a nice sentiment and the hardware that accompanied it was very good, but iOS leaves much to be desired on bigger screens. Comment what you think of Apple's new 10.5-inch iPad Pro . The premium price points of the iPad Pro lineup will help company improve the average selling price of iPads.

Economy Chinese insurer Anbang says chairman no longer able to fulfil duties
Author: 0 Chinese insurer Anbang says chairman no longer able to fulfil duties

Anbang, which is closely connected to the Chinese government, said the company was operating normally and that Wu had delegated power to other executives. Anbang was founded in 2004 as a sleepy provincial vehicle insurer and has since grown into an aggressive overseas buyer of insurers and real estate.

Economy Court approves Marsh deals to sell 26 grocery stores
Author: 0 Court approves Marsh deals to sell 26 grocery stores

As a condition of the purchase, CVS negotiated that the Marsh stores where a pharmacy operated be precluded from operating another pharmacy for five years. Indianapolis attorney Jim Carlberg, who is representing the landlords, voiced his concerns via telephone during the hearing. Now, CVS spokesman Mike DeAngelis says the issue is resolved.

Economy Is Now The Right Time To Bet On Murphy Oil Corporation (MUR)?
Author: 0 Is Now The Right Time To Bet On Murphy Oil Corporation (MUR)?

Michael Palmer sold 4,000 shares of Marathon Petroleum Corporation stock in a transaction dated Wednesday, May 24th. Gulf Retail Bank (Uk) holds 0.02% in Murphy Oil Corporation (NYSE:MUR) or 50,267 shares. The rating was initiated by Credit Agricole with "Underperform" on Tuesday, December 15. The firm has "Buy" rating given on Thursday, February 2 by UBS.

Author: 0 US consumer prices slipped 0.1 per cent in May

Consumer spending accounts for more than two-thirds of the USA economy and last month's weak core retail sales reading could temper expectations for a sharp acceleration in economic growth in the second quarter. The index, which tracks the greenback against the currencies of major USA trade counterparts, was above the 97 level before the data release. Economists say the weakness in inflation, if sustained, could put further monetary tightening in jeopardy.

Author: 0 Oil stocks dip, but gasoline inventories rise

But the report nevertheless was a welcome change from last week's 3.3 million barrel rise in inventories, as well as the API's estimates that inventories would rise 2.75 million barrels this week ahead of the EIA report. Iraq , which had been the No. 2 seller to India for years, was able to overtake the Saudis as Indian refiners have implemented plant upgrades over the past couple of years, enabling them to process crude with a higher sulfur content.

Economy Fed raises key rate and unveils plan to reduce bond holdings
Author: 0 Fed raises key rate and unveils plan to reduce bond holdings

It represents only the fourth upwards move in the federal funds rate since before the financial crisis, as the world's most important central bank takes a cautious approach to the "normalisation" of monetary policy . Only Neel Kashkari, president of the Minneapolis Fed bank, opposed the increase. There was only one rate increase in both 2015 and 2016. The Committee directs the Desk to continue rolling over maturing Treasury securities at auction and to continue reinvesting principal ...

Author: 0 US Crude Stocks Bounce Unexpectedly

Late Tuesday, the American Petroleum Institute , an industry group, reported a 4.6 million barrel drop, but gasoline inventories rose by 4.1 million barrels. Surplus oil in many parts of the world and developments with Qatar had traders nervous, even after Kuwait Oil Minister Essam al-Marzouq said Qatar remained committed to restricting crude output under an agreement between OPEC and several non-OPEC suppliers.

Economy Amazon in new rewards program for Prime
Author: 0 Amazon in new rewards program for Prime

Similar to the new debit card feature announced Tuesday, the cash back from credit cards are issued as rewards points. Amazon has quietly launched Amazon Reload , promising Prime subscribers a 2-percent reward back on every purchase as long as they jump through a few hoops.

Author: 0 The Axa Continues to Hold Stake in Cabot Corp (CBT)

The stock's market cap is $10.76 billion. It closed at $23.37 lastly. It has underperformed by 1.26% the S&P500. Another trade for 61,363 shares valued at $3.63 million was made by Prevost Patrick M . The stock showed weekly upbeat performance of 1.53%, which was maintained for the month at 6.44%. Allianz Asset Ag has invested 0.05% in Cabot Corp (NYSE:CBT).

Economy Second Fed Rate Hike of 2017: What It Means for Mortgage Rates
Author: 0 Second Fed Rate Hike of 2017: What It Means for Mortgage Rates

Under the plan it unveiled, the Fed would start with monthly reductions in Treasury holdings of no more than $6 billion and $4 billion in mortgage bonds. That said , no one expects the Fed's rate hikes to turn aggressive. In addition, the Fed provided more detail on how it will unwind its $4.5 trillion balance sheet , or portfolio of bonds that includes Treasurys, mortgage-backed securities and government agency debt.

Author: 0 Oil falls as rising Libyan, U.S. output undermines cuts

Brent for July settlement, which expired yesterday, dropped US$1.53, or 2.6 per cent, to US$50.31 a barrel on the London-based ICE Futures Europe exchange. According to Platts Oil Futures editor Geoffrey Craig, U.S. crude oil inventories have reduced the surplus to the five-year average by 17 million barrels since the beginning of the year.

Economy Bill Cosby jury begins Day 3 of deliberations
Author: 0 Bill Cosby jury begins Day 3 of deliberations

By Tuesday night, they looked exhausted. The jury is still deliberating the verdict. He says it was consensual. Pulliam also provided a glimpse into Cosby's state of mind as the jury enters their third day of deliberations . For more on Cosby , including trial updates, historical photos, videos and an audio series exploring the case, visit http://www.apnews.com/tag/CosbyonTrial.

Economy Fed Raises Key Interest Rate For The Fourth Time Since 2015
Author: 0 Fed Raises Key Interest Rate For The Fourth Time Since 2015

The Fed foresees one additional rate hike this year but gave no hint of when that might occur. ANALYST'S TAKE: "Despite stubbornly low inflation , the Fed is widely anticipated to lift its interest rate tomorrow", Ric Spooner of CMC Markets said in a report.

Author: 0 James spectacular again, but his efforts not enough for Cavs

Is Golden State the greatest team ever? Golden State answered with a game-turning 27-4 run, slam dunks by Andre Iguodala and Draymond Green and three Durant 3-pointers spicing the spurt that produced a 60-45 Warriors lead. Well, take a couple of dozen of those shots, add the excruciating pressure of the National Basketball Association final and the weight of expectations of tens of thousands of fans and the tremendous skill of the team he was facing and you might come close - close but ...

Economy Crown says employees detained in China have been charged
Author: 0 Crown says employees detained in China have been charged

It is believed 15 people, including three Australians, are still being held by authorities. He is pictured with wife Christina and daughters Kasey (left) and Chloe (right) on holiday in Uluru in the months before his arrest. According to Chinese law, anyone who "runs a gambling house or makes gambling his profession" can face up to three years in prison. James Packer's gaming empire is also facing a potential class action over the arrests by shareholders, many of whom exited their stock ...

Economy On Badr anniversary, militants rattle forces across Kashmir
Author: 0 On Badr anniversary, militants rattle forces across Kashmir

A police spokesperson told that militants armed with AK-47 rifles attacked the residence of Justice (Retd) Muzaffar Hussain Attar at Anchidora area in Kashmir's Anantnag district this evening. On Monday night, terrorists had hurled a grenade in Tral Town in which two paramilitary men were injured. "Though the wounded personnel were immediately removed to hospital, the condition of three of them was stated to be critical".

Economy Trump clings to coal as worldwide demand plummets
Author: 0 Trump clings to coal as worldwide demand plummets

And while Trump is proposing to gut clean energy funding by a staggering 70 percent , the world saw the largest jump ever in renewable power production a year ago. "We need to keep up our focus and efforts on reducing carbon emissions". "This is a third year where we've seen weak growth in world energy demand".

Economy Attorney General Jeff Sessions agrees to appear before Senate intelligence committee
Author: 0 Attorney General Jeff Sessions agrees to appear before Senate intelligence committee

Attorney General Jeff Sessions , facing fresh questions about his Russian contacts during the election campaign and his role in the firing of James Comey , will be interrogated in a public hearing by former Senate colleagues on Tuesday. Comey's testimony raised questions about Sessions' engagements with Russian Federation and his involvement in Comey's firing despite Sessions' recusal from the Russian Federation investigation, which Comey was leading.

Author: 0 What leaving the Paris climate deal means for business

Americans deserve clean air and a healthy economy. The Estee Lauder Companies and Unilever are among the thousands of mayors, businesses and organizations that have signed the We Are Still In initiative , in a collective show of support for the Paris Accord - despite President Trump's withdrawal from the Paris Agreement .

Author: 0 Clinigen Group PLC (CLIN) Earns "Buy" Rating from Stifel Nicolaus

Berenberg maintained Esure Group PLC (LON:ESUR) on Thursday, July 7 with "Sell" rating. Finally, Peel Hunt restated a buy rating and set a GBX 1,015 ($12.84) price target on shares of Clinigen Group PLC in a research report on Wednesday, March 15th.

Economy Trump tells senators House health bill is 'mean,' congressional sources say
Author: 0 Trump tells senators House health bill is 'mean,' congressional sources say

The positive comments about the Senate plan tracks with Trump telling reporters during the meeting that the Senate should spend more on the bill to make it "generous, kind (and) with heart". The efforts to undo the Affordable Care Act , as Obamacare is formally known, are moving ahead through a so-called reconciliation process that allows bills that affect the budget to pass with just 51 votes, instead of the 60 usually required in the Senate.

Author: 0 Schiff says firing Mueller would echo Watergate

During that hearing, Sessions said he had not had any contac with Russian officials - a claim that was later proved untrue, ultimately leading Sessions to recuse himself from all Justice investigations involving the Trump campaign. "I can't thank you enough for the privilege that you've given me", said Attorney General Jeff Sessions . Mr Ruddy said Mr Mueller has some "conflicts" because his former law firm, Wilmer Hale, also representing Ms Ivanka Trump, the President's daughter, and her ...

Economy Verizon takes over Yahoo to complete $4.5 billion deal
Author: 0 Verizon takes over Yahoo to complete $4.5 billion deal

Perhaps most remarkable of all in Mayer's blog, she claimed that under her leadership the company increased in value by $33bn, without mentioning that this was largely down to the increasing value of its 15 per cent stake in Alibaba, which is now worth more than $40bn .

Economy Philippine police say casino attacker was indebted gambler
Author: 0 Philippine police say casino attacker was indebted gambler

Albayalde said that the suspect had a bank account with a debt of millions due to his gambling habits. He had been banned from all casinos by the Philippine Amusement and Gaming Corporation at the request of his family, which police are looking at as a motive for his attack at the Resort World Manila casino in the early hours of Friday.

Author: 0 Jefferies Group LLC Reaffirms Buy Rating for Zpg Plc (ZPG)

It has outperformed by 34.75% the S&P500. Among 33 analysts covering Marks Spencer Group PLC ( LON:MKS ), 13 have Buy rating, 11 Sell and 9 Hold. Ocado Group Plc has GBX 700 highest and GBX 189 lowest target. Greencore Group plc ( LON:GNC ) traded down 0.04% during trading on Friday, hitting GBX 242.30. It has underperformed by 16.70% the S&P500. Since May 15, 2017, it had 1 insider buy, and 0 sales for $59,852 activity.

Economy House 'covfefe' bill would save presidential tweets
Author: 0 House 'covfefe' bill would save presidential tweets

The potential bill would classify presidential social media posts as presidential records. Back in 2014, the National Archives released guidance that social media merits historical recording, and earlier this year, it advised the White House to "capture and preserve all tweets that the President posts ...

Author: 0 Tillerson: North Korea Releases US Citizen Otto Warmbier

Instead, the administration credited the release to its diplomatic intervention. The North Koreans agreed to allow consular visits to four Americans held in the North. WATCH: North Korea warns of "bigger gift package" for U.S. Three other United States citizens remain in custody in North Korea. Following the May meeting in Oslo, North Korea urgently requested another meeting, which took place last week between the USA envoy on North Korea, Joseph Yun, and the North's ambassador at the ...

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