Economy

House Set to Repeal Fiduciary Rule

But the GOP bill now going to the full House would start to break up Dodd-Frank, ultimately simply returning the country to the days of little regulation, which is exactly what a high-roller president with multiple bankruptcies in his own business career wanted. [Full Article...]

Apple's (AAPL) "Buy" Rating Reiterated at BMO Capital Markets

Beyond that, an Apple-Disney marriage would unite some of the world's most successful brands in technology and entertainment - a list that includes the iPhone, iPad , Mac computer, Mickey Mouse, Disneyland, ESPN, Lucasfilm, Pixar and Marvel. [Full Article...]

Trump Opts For Renegotiation Over Pulling Out Of NAFTA

In this case, the aim would not be so much to withdraw from NAFTA, which Trump has called a "disaster" for the U.S., but rather to force Mexico and Canada to more fully engage in renegotiating the trade pact. "NAFTA has become a pillar of the American economy and stands as one of the broadest, deepest free-trade agreements in human history. He's a very good man and I got to know him very well". [Full Article...]

Gold edges up, but holds near 6-week low on hawkish Fed

The language broadly runs counter to recent communication from Fed officials, who at the March meeting expressed substantial sentiment that more aggressive fiscal policy in Washington - lower taxes, less regulation and perhaps $1 trillion in infrastructure spending - would boost growth out of its post-Great Recession funk. [Full Article...]

VW approaches Royal Enfield to buy Ducati

VW approaches Royal Enfield to buy Ducati Hit by a huge global diesel emission scandal, German auto conglomerate Volkswagen, which owns the iconic high-performance superbike brand Ducati, is believed to have approached Royal Enfield for its possible sale to the Indian brand. The report quotes sources as saying that the Indian company is keen to explore any possible acquisition of Ducati . Ducati is owned by VW's Audi division thr... [Full Article...]

Bill Shorten slammed over 'shocker' jobs ad

Bill Shorten slammed over 'shocker' jobs ad His move came as his fellow frontbencher Anthony Albanese reportedly criticised the ad, which has been roundly attacked as racist on social media, as a "shocker" which should never have been approved. Mr Albanese said he had not seen the advert before it aired on the local Nine network. "I had a look in the final product and I think we need more diversity and I will speak to the Labor Party abou... [Full Article...]

Energy shares lead world stock losses on volatile oil price

Oil prices sharply extended losses just before Tuesday's settlement, with US crude breaking below $48 a barrel for the first time in more than a month. Oil's slump "worsened after OPEC delegates downplayed the chance that their group and other producing countries would deepen their output cuts when they meet on May 25". [Full Article...]

North Korea accuses Central Intelligence Agency of plot to murder Kim Jong

The Kim regime has been testing ballistic missiles in recent days, while the USA began installing a defense system in South Korea that would ideally destroy missiles launched from the North before they hit their intended target. "Then they handed him over $20,000 on two occasions and a satellite transmitter-receiver and let him get versed in it". The bill targets the North Korea's shipping industr... [Full Article...]

Preview of Stock Movement: Marathon Oil Corporation's (MRO)

About 127,011 shares traded. It has outperformed by 6.18% the S&P500. Renaissance Technologies LLC acquired a new stake in Marathon Oil during the fourth quarter valued at approximately $49,883,000. As per Monday, December 14, the company rating was maintained by Jefferies. The company was maintained on Wednesday, August 5 by TH Capital. Swearingen John S sold $865,025 worth of Marathon Petroleu... [Full Article...]

N. Korea accuses CIA of bio-chemical plot against leaders

N. Korea accuses CIA of bio-chemical plot against leaders In the statement Friday, the ministry said in response to the alleged plot on Kim Jong Un, a "Korean-style anti-terrorist attack will be commenced from this moment to sweep away the intelligence and plot-breeding organizations of the USA imperialists and the puppet clique", referring to South Korea. [Full Article...]

A huge tax cut for guys like me

Buffett also admitted he was wrong to think International Business Machines Corp. Still, Buffett said that layoffs were sometimes necessary to make companies more productive. "Autonomous vehicles widespread would hurt us", the 86-year-old investor said. During the meeting, he spoke on various issues, such as repealing of the Obamacare legislation and the role of artificial intelligence (AI) an... [Full Article...]

China's C919 airliner gets set to challenge Airbus and Boeing

China's first large homemade passenger jetliner is due to make its maiden flight from Shanghai later Friday, May 5, 2017. The narrow-body of the first Chinese-made passenger jet - white with green and blue stripes with "C919" emblazoned on its tail - soared over Pudong global airport in the commercial hub Shanghai as a crowd of thousands cheered. [Full Article...]

April Jobs Report: 211000 Jobs Added, Unemployment At 4.4 Percent

April Jobs Report: 211000 Jobs Added, Unemployment At 4.4 Percent But average hourly earnings rose 2.5 percent on an annualized basis, down from the higher gains seen in February and March. The Labor Department will release its closely watched employment report at 8:30 a.m. The increase could ease the way for an interest rate rise in June despite moderate wage growth. A survey by payroll processor ADP released Wednesday showed the private sector adding 177... [Full Article...]

Emmanuel Macron wins French presidential election

The result wasn't even close: Pollsters projected that Macron won 65 percent of the votes. Macron voted in the seaside resort of Le Touquet in northern France alongside his wife, Brigitte Macron. "I will defend France, I will defend Europe". She said her National Front (FN) party needed to undergo a "profound transformation" ahead of parliamentary elections in June, which is set to include a n... [Full Article...]

Crude futures settle higher but post third weekly loss

The Organization of the Petroleum Exporting Countries, together with major rivals such as Russian Federation and Oman, announced on November 30 that they would cut oil output for the first six months of this year to eat into a vast global overhang of unused crude. [Full Article...]

U.S. Dollar Remains Strong After Fed Meeting, Hurting Gold Prices

Although the economy grew at a sluggish pace in the first three months of the year, Fed leaders don't seem spooked by it. Investors took the use of the word (yes, just one word) to mean the U.S. Several analysts said the statement clears the way for the U.S. central bank to lift rates next month, although that partly depends on United States data. [Full Article...]

Canadian April Employment Rises 3200, Unemployment Dips To 8-Year Low

Canadian April Employment Rises 3200, Unemployment Dips To 8-Year Low After a slow March , when hiring likely was held down by a winter storm, the U.S. economic engine added an estimated 211,000 net new positions while the jobless rate fell a tenth to 4.4 percent, the lowest since May 2007. Job gains were driven by a surge in hiring in the leisure and hospitality sector as well as business and professional services. Health care and social assistance employment incre... [Full Article...]

President Trump Dumps Dodd-Frank with Executive Order

President Trump Dumps Dodd-Frank with Executive Order Mnuchin on Thursday said economic growth from proposed tax cuts would come close to $2 trillion over 10 years. "In many cases, rules have done the opposite of what they were supposed to", Trump said Friday as he signed the orders at the Treasury Department. [Full Article...]

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt

Puerto Rico Makes Unprecedented Move To Restructure Billions In Debt Congressman Darren Soto is voicing approval over a decision made by the Governor of Puerto Rico on Wednesday to move forward with a bankruptcy-like measure that will allow the island to restructure it's 70 billion dollars in debt. Hedge-fund creditors holding defaulted general obligation bonds were on the verge of completing a consensual agreement late Tuesday before the oversight board intervened... [Full Article...]

Another US citizen detained in North Korea

Another US citizen detained in North Korea The arrests of two Americans in such a short span of time comes as Pyongyang exchanges hostile rhetoric with the U.S. over its banned missile and nuclear weapons programmes. Kim Dong Chul, a naturalized USA citizen of Korean origin, was arrested in October of 2015. At least 14 USA citizens have been detained in North Korea over the past decade. [Full Article...]


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