Economy

Consumer Prices Increased 0.2% in April

Consumer Prices Increased 0.2% in April According to investing.com's Fed rate monitor tool, 70% of traders expect the Federal Reserve to hike interest rates in June, compared to 63% in the previous week. Prices of U.S. Treasuries extended gains after the data, while U.S. stock index futures slightly added to losses. Wells Fargo Securities Economics Group publications are produced by Wells Fargo Securities, LLC, a U.S broker-dealer reg... [Full Article...]

Trump's lawyers say tax returns show little income from Russian sources

Without Trump's tax returns the full extent of Trump's dealings is impossible to determine, as is the actual scope, significance, and accuracy of his lawyers' claims, and of Trump's financial ties to Russian Federation in general. The event accounted for a "substantial portion" of the pageant's $12.2 million in foreign income that year, they said. The deal was widely reported at the time, includin... [Full Article...]

Coach to buy Kate Spade for $2.4 billion

Since taking over the top job at Coach in 2014, Mr Luis has moved to pull back on department store distribution in order to regain more pricing control over its products. 2 billion in cash (it had $1.9 billion as of the end of its most recent quarter) as well as senior notes and bank term loans. The company, which offered US$18.50 per share in cash to Kate Spade shareholders, said it expects ... [Full Article...]

Experts predict instability in the legislature after BC election

This year, three candidates won their seats and the party captured close to 17% of the vote, more than doubling their share. It's still possible that the final election result, two weeks hence, could be a squeaker of a Liberal majority. Under the watch of Clark, a former radio host who's governed for six years, BC has led Canada in job creation and posted a budget surplus for five consecutive ye... [Full Article...]

Trump's plan to cut corporate tax would be profit tailwind

In a Monday appearance on CNBC's " Squawk Box ", the billionaire investor said that if there is "one clear-cut message" from the GOP health care bill, it is: " We are going to cut the hell out of taxes for the rich on investment income ". [Full Article...]

Top Story of the Week: Snap Inc. Bombs First Earnings Release

Following a high-profile and successful IPO in March, the social media darling reported a net loss of $2.2 billion, with a loss per share of $2.31 in the first quarter. For a growth name like Snap , quarterly numbers are even more important due to the evolving nature of the business, and will likely be treated as such. [Full Article...]

US, China Strike Trade Deal

US, China Strike Trade Deal Notably, China had already announced in September that it would open its market to US beef, and then never followed up on that vow. "This is more than has been done in the whole history of U.S. If the two titans become more allied economically, that could also affect the bilateral free trade agreement the US seeks to forge with Japan. "We do not intend to endanger anybody's health or safety in the... [Full Article...]

South Korea's prez scraps state textbooks to 'normalise history education'

Read: Can North Korea's Nuclear Missiles Reach The United States? The accusation came after weeks of tension over North Korea's nuclear and missile development and fears Pyongyang will conduct a sixth nuclear test or test-launch another ballistic missile in defiance of United Nations resolutions. [Full Article...]

Nexus agrees to sell Snapdeal to Flipkart

Nexus agrees to sell Snapdeal to Flipkart Even though the board of Jasper Infotech Pvt Ltd, the parent company of Snapdeal, is yet to reach any consensus on the exit payouts to Nexus Venture Partners and Kalaari Capital, they have mutually given the green signal for the deal to be signed and taken through due diligence. [Full Article...]

Banks to fight 'fast and loose' $6.2b tax

Australia's banks had their wholesale borrowings guaranteed by taxpayers during the 2008 financial crisis, but the government did not inject funding into the banking system. Of course it's sparked anger among customers, since our banks are among the most profitable in the world. "Don't confirm their worst impressions". [Full Article...]

Oil rebounds above $50 on latest U.S. stockpile figures

Brent futures lost 61 cents, or 1.2 per cent, to settle at $US48.73 a barrel, while US West Texas Intermediate crude fell 55 cents, or 1.2 per cent, to $US45.88. USA light crude oil was up 75 cents at $48.08. Official numbers on weekly U.S. crude and oil product inventories from the USA government's Department of Energy were scheduled for release at 2:30pm GMT on Wednesday. [Full Article...]

Snap user growth slows, revenue misses in first report after IPO

On the other hand, Facebook revenue was at $1.18 billion during its first reported quarter; Snap Inc.is now at $150 million, disappointing analysts, who were expecting at least $158 million. These shares have attained a daily stock value of $22.87-23.32 and a 52-week trading range of $18.9-29.44. Facebook's shadow continues to hang over Snapchat , which is still best known for disappearing me... [Full Article...]

Engineer in deadly Philadelphia Amtrak crash charged with causing catastrophe, involuntary manslaughter

Engineer in deadly Philadelphia Amtrak crash charged with causing catastrophe, involuntary manslaughter However, the Philadelphia's district attorney's office determined that the evidence did not rise to the necessary level needed to charge the engineer or anyone else with a crime. "We have no evidence that the engineer acted with criminal "intent" or criminal "knowledge" within the special meaning of those terms under Pennsylvania law for purposes of criminal charges", the office said in a release ... [Full Article...]

United flight delayed after scorpion reported aboard

United flight delayed after scorpion reported aboard Considering how much trouble United has gotten itself into lately, it's surprising that it offered only a meal voucher for each passenger. Other passengers said no scorpion was found on the plane, according to KPRC . This latest incident keeps United's long month of intense customer scrutiny going since the airline came under fire after a passenger was violently removed from one of its flights ... [Full Article...]

Australian banks lick wounds after tax hit

Mr Morrison has gleaned that people are furious with banks. And the ultimate sign of getting the message is the abandoning of the so-called zombie measures - the cuts from the 2014 budget the senate refused to pass. "We are not sending lawyers around the country for three years, we are acting now", the Treasurer said, in reference to a royal commission. In a final whack at the sector, a perman... [Full Article...]

Vornado Realty Trust (NYSE:VNO) Growth Estimates in Focus

Vornado Realty Trust (NYSE:VNO) Growth Estimates in Focus Education Realty Trust, Inc.is a self-managed and self-advised real estate investment trust (REIT). Investors closely watching shares of Owens-Illinois (OI) may want to focus in on the current opinion signal for the stock. The business's revenue for the quarter was up 1.3% compared to the same quarter previous year. The Free Cash Flow or FCF margin is 0%, which means that the business has heal... [Full Article...]

Police chief, 2 nursing home employees killed; gunman dead

Police chief, 2 nursing home employees killed; gunman dead Ohio Attorney General Mike DeWine said during a second press conference that the shooter was from Utica and warrants have been obtained for his home and a pair of vehicles. Rogers says she went across the street to a neighbor's home and hunkered down with a group of about nine adults and eight children. In addition to Disario, the two other victims have been identified as Marlina Medrano and ... [Full Article...]

Elon Musk's Boring Company has officially broken ground

Elon Musk's Boring Company has officially broken ground In the video , the company showed cars being lowered from ground level parking spots to a sophisticated tunnel network below, and then hurtling towards their destination unimpeded by traffic jams. Los Angeles city officials did not immediately respond to a request for comment about whether the company had actually gotten approval for such a project. [Full Article...]

(B&R Forum) US to send delegates to attend Belt & Road forum

This "belt" and "road" will connect around 100 countries, both landlocked and archipelagic, spanning the continents of Asia, Europe, and Africa, to China. On the face of it, China's big plan boasts some impressive numbers. Together, the 64 nations plus China account for 60% of the world's population and 30% of its GDP (pdf), according to the Hong Kong-based think tank Fung Business Intelligence. [Full Article...]

Losses at JC Penney double, sales slide, as do shares

Losses at JC Penney double, sales slide, as do shares Penney stores will close at the end of July. Analyst's mean target price for HAIN is $45.00 while analysts mean recommendation is 2.80. It represents a security's price that, if achieved, results in a trader recognizing the best possible outcome for his investment. [Full Article...]


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