Economy

House Republicans Look to Repeal the Dodd-Frank Act

House Republicans Look to Repeal the Dodd-Frank Act The Financial CHOICE Act would get rid of those overbearing regulations keeping community banks from serving their longtime customers and hindering their ability to be successful. That "choice" they are speaking about isn't for regular Americans. "I look forward to going to conference with them soon", Hensarling said. Earlier this week, President Donald Trump's White House endorsed seve... [Full Article...]

Shares muted after Comey testimony; pound drops in UK election

Shares muted after Comey testimony; pound drops in UK election ASIAN SCORECARD: Japan's benchmark Nikkei 225 index lost 0.3 percent to close at 19,909.26 and South Korea's Kospi edged up 0.2 percent to 2,363.57. The dollar's gains pushed gold prices lower. Tech, utility and consumer-goods shares were higher, but health care, telecom and basic material shares struggled. [Full Article...]

Nadal beats fellow Spaniard while Nishikori fights back

Nadal beats fellow Spaniard while Nishikori fights back Djokovic had twice come back from a two-set to love deficit in his career, but a memorable comeback never looked on the cards as Them crushed him in the third set, wrapping the match in style. In France, Pablo won 4 victories on the way to the quarter-finals, defeating strong rivals in the previous two rounds, Grigor Dimitrova 3-0 in sets and in five games was stronger than Raonich 4: 6, 7: 6, ... [Full Article...]

Apple announces smart speaker HomePod to rival Amazon Echo and Google Home

Apple announces smart speaker HomePod to rival Amazon Echo and Google Home In a statement, Apple said the HomePod is "a breakthrough wireless speaker for the home that delivers wonderful audio quality and uses spatial awareness to sense its location in a room and automatically adjust the audio ". Apple says that the speaker can adapt to the environment in which it is placed, playing music in all directions when placed in the center of a room while directi... [Full Article...]

Owner of Saks, Lord and Taylor cutting 2000 jobs

Owner of Saks, Lord and Taylor cutting 2000 jobs The current state of retail has prompted big changes at Hudson's Bay Company . The retailer established separate teams to focus on its Hudson's Bay and Lord & Taylor department-store chains. These changes span its Canadian businesses as well as Lord & Taylor in the U.S. It bought Saks Inc.in 2013 and Germany's Galeria Kaufhof in 2015. HBC said it is overhauling its operations to integrate mor... [Full Article...]

Jury seated in retrial of Ohio officer who killed motorist

Jury seated in retrial of Ohio officer who killed motorist Ray Tensing, center, listens to the opening statement by his defense attorney Stewart Mathews during his retrial Thursday, June 8, 2017, at the Hamilton County Courthouse in Cincinnati . One excluded juror told prosecutor Seth Tieger on Monday that Tensing "deserved a medal" for shooting and killing unarmed black man Samuel DuBose, and also called DuBose a drug dealer. [Full Article...]

Yahoo shareholders approve sale of core business to Verizon

Yahoo shareholders approve sale of core business to Verizon Numerous jobs are in California and some are outside the United States, said the source, who asked not to be identified because the matter is not yet public. Yahoo! agreed to sell its business to Verizon previous year for $4.5 billion. ("Verizon") of the Company's operating business (the "Sale Transaction"). [Full Article...]

Eve of vote polls suggest PM May will boost majority

Eve of vote polls suggest PM May will boost majority Firstly, only a strong conservative majority of over 40 seats will strengthen Sterling. Some polls at the weekend even had the Tory lead as low as just one percent. In Scotland, the SNP leader Nicola Sturgeon has warned that a vote for Labour risks "handing the keys of No 10" to Theresa May , while leaders in Wales and Northern Ireland are also making their last pitch for votes. [Full Article...]

North Korea missiles a 'direct threat' to Russian Federation

As tensions have increased between Pyongyang and Washington, the USA has been pressing China to rein in Kim Jong Un's nuclear programme. North Korea has become a security priority for Washington since Pyongyang vowed to accelerate its nuclear and missile programs, and develop a nuclear-tipped missile capable of hitting the USA mainland. [Full Article...]

Check out the first new iPad Pro promo video

The official tagline for iOS 11 reads: "A giant step for iPhone ". Instead you'll be greeted with a passive-aggressive message telling you how lazy the developer is for not updating their app. It's unclear when Apple plans to rollout the new App Store, though it's likely the company will launch its revamped digital retail platform alongside iOS 11. [Full Article...]

Insider News of Encana Corporation (ECA)

BlackRock Inc. raised its stake in shares of Encana Corp by 11,232.3% in the first quarter. ECA has been the subject of several recent analyst reports. Float is the number of shares available for trading of a particular stock. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $0.06 annualized dividend and a yield of 0.62%. [Full Article...]

Trump's sons stand by father's criticism of London mayor

Trump's sons stand by father's criticism of London mayor Mr Trump appeared to be misquoting the Mayor, who had told Londoners not to be alarmed in a reference to the increased armed police presence in the capital after the attack . "Your perverse ideology has nothing to do with the true values of Islam and you will never succeed is dividing our city". "This is probably a moment when Republicans wish for a Ronald Reagan in the White House , whose... [Full Article...]

Fired FBI Director to Testify on One-on-One Trump Meetings

March 30: Trump called Comey and asked what he could do to "lift the cloud" of the Russia probe, and asked Comey why he told Congress the FBI was investigating Trump-Russia links. He then said, 'I need loyalty.' I replied , 'You will always get honesty from me.' He paused and then said, 'That's what I want, honest loyalty.' I paused, and then said, 'You will get that from me.'... [Full Article...]

Amid Bleak Retail Landscape, Nordstrom Family May Take Company Private

Amid Bleak Retail Landscape, Nordstrom Family May Take Company Private A number of hedge funds have recently added to or reduced their stakes in the company. Skandinaviska Enskilda Banken AB publ raised its stake in Nordstrom by 32.2% in the first quarter. (NYSE:JWN). Ferguson Wellman Management holds 0.02% in Nordstrom, Inc . Several analysts recently issued reports on JWN shares. Atlantic Securities upgraded Nordstrom from a "neutral" rating to an "overweight" r... [Full Article...]

US Sees Crude Output Breaking 48-Year-Old Record in 2018

US Sees Crude Output Breaking 48-Year-Old Record in 2018 Bank Wealth Management. US crude futures were recently down 46 cents, or 0.97%, at $47.20 a barrel on the New York Mercantile Exchange. Brent futures fell 1% to $49.60 per barrel, as the global benchmark falls below $50. Crude oil prices dropped below $50 per barrel after the Organization of Petroleum Exporting Countries ( OPEC ) took the path of least resistance in the bid to end the... [Full Article...]

Tailored Brands, Inc. (NASDAQ:TLRD) Expected To Report Earnings On Wednesday

Johnson Rice raised shares of Tailored Brands from an "accumulate" rating to a "buy" rating in a report on Thursday, May 4th. Lear Corporation stock is down 2.3% at $149.41, after Morgan Stanley downgraded the shares to "underweight" from "equal weight", and slashed its price target to $134 from $149. [Full Article...]

A look at how Trump's climate moves affect the coal industry

Pittsburgh is one of almost 250 cities in the United States, representing 56 million Americans, whose mayors have committed to honor and uphold the goals of the Paris Agreement. Chicago based NRI Press Club and the Hindu American Foundation have been quick to react voicing their concerns over the apparent ill thought out Trump decision to pull the country out of the climate pact. [Full Article...]

Yields trim gains, like German bonds, after European Central Bank cuts inflation forecast

Yields trim gains, like German bonds, after European Central Bank cuts inflation forecast Against this backdrop, the European Central Bank is widely expected to keep policy unchanged on Thursday, including its €2.3 trillion bond-buying programme and sub-zero interest rates , despite resistance from cash-rich Germany. Draghi said risks to growth are now "broadly balanced" - a tweak from last time out when risks were "tilted to the downside". The statement reiterated that the bon... [Full Article...]

Sterling in consolidation mode ahead of United Kingdom election, "Super Thursday"

Sterling in consolidation mode ahead of United Kingdom election, Sterling jumped to 1.2971 against the USA dollar and hit 1.1523 against the euro, after weeks of hard-fought campaigning in the General Election came to an end. The greenback was flat against its Australian counterpart and slid 0.11% against the Canadian dollar to CAD$1.3494. But since then sterling has been experiencing volatility as the markets await the results of the election. [Full Article...]

OnePlus 5 confirmed to feature a massive 8GB of RAM

OnePlus 5 confirmed to feature a massive 8GB of RAM With the ticket you will get Launch T-shirt & Invite, Welcome Pack worth almost Rs.10,000, voucher worth Rs. 999 and OnePlus 5 Invite code. However, instead of retaining the design philosophy of the previous devices, leaked designs of the OnePlus 5 show that it will look very much like the iPhone 7 Plus. [Full Article...]


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