Economy

Weak inflation erodes conviction at Fed on rate hikes

Weak inflation erodes conviction at Fed on rate hikes Fed Chair Janet Yellen expressed confidence that recent weak inflation readings were transitory. In remarks at the Park Cities Rotary Club in Dallas, Texas, regional Fed president Robert Kaplan reportedly said the Federal Reserve should be "very careful about raising". [Full Article...]

Thomas shines as Harman takes US Open lead

Open at Pinehurst when wife Amy was pregnant with her (Mickelson famously finished second to Payne Stewart, the first of six runner-up finishes for Lefty). "I'm proud of the way I hung in there today". He made an eagle on his final hole at the Sony Open in January to shoot 59, and he went on to break the PGA Tour's 72-hole scoring record. [Full Article...]

Trump confirms probe over Comey firing

Mueller based on two decades of close cooperation in law enforcement. The idea that this is a witch hunt, as Trump childishly tweeted this morning, is getting more and more laughable as each passing day brings about another questionable tie or secret dealing with Russian Federation taken by this president or those in his orbit. [Full Article...]

London highrise fire: 58 missing, presumed dead, police say

Later, they were banging angrily on the glass doors. Protesters in London accused authorities of suppressing the true death toll, an idea that has spread on social media. May was criticized for avoiding locals when she visited the burnt-out shell of the 24-storey Grenfell Tower on Thursday, but faced cries of "shame on you" and "coward" when she returned the following day. [Full Article...]

Presidential polls: Shiv Sena suggests MS Swaminathan's name

Presidential polls: Shiv Sena suggests MS Swaminathan's name Transport Minister Diwakar Raote, while speaking to reporters here, said that Sena will raise the issue of fragile economic condition of the DCC banks after the notes recall exercise in November a year ago with Chief Minister Devendra Fadnavis during the cabinet meeting next week. [Full Article...]

Here's why Leonardo DiCaprio made a decision to give back his Oscar

Here's why Leonardo DiCaprio made a decision to give back his Oscar Justice Department allegations over money laundering and alleged theft of a treasure trove of assets including diamonds, a yacht and private jet and penthouse apartments. Bloomberg quoted a spokesman for the actor as saying that he had already "initiated return" of the items, which he had accepted for a charity auction for his foundation. [Full Article...]

Is the Fed ready to consider lifting its inflation target?

The core price index for personal consumption expenditures, an inflation indicator favored by the Fed, increased 1.5 percent in April after rising 1.6 percent in March, still below the central bank's target of 2 percent, according to the Commerce Department. [Full Article...]

Ecommerce giant Amazon to buy Whole Foods grocery chain in blockbuster deal

NPR's Alina Selyukh reports . The Whole Foods deal could also get more people to try grocery delivery, something many shoppers have been hesitant about because of concerns about meat and produce quality. Shoppers skip the checkout line, and their Amazon accounts get automatically charged. But despite the Whole Foods acquisition and, by extension, the potential technology Amazon could ... [Full Article...]

Shoppers may see big changes after Amazon buys Whole Foods

As Amazon moves into the grocery business with its $13.7 billion purchase of Whole Foods Market , the online retailer might meet resistance from some dedicated shoppers reluctant to buy food on the internet. They have indicated that they do not plan to automate cashier jobs in the stores, . Shoppers skip the checkout line, and their Amazon accounts get automatically charged. [Full Article...]

Philippine Police Identify Resort Attacker As Indebted Gambler

Carlos's family at a hotel next to the casino, said the attacker had a gambling addiction and was deep in debt. Hotel security staff chased Carlos to the fifth floor of the hotel wing, where he was found dead hours later inside Room 510, after committing suicide by setting himself on fire. [Full Article...]

TSA to trial computed tomography scanners at airport checkpoints

TSA to trial computed tomography scanners at airport checkpoints The CT scanner, using technology borrowed from the medical world, is being used in a security checkpoint lane at Phoenix Sky Harbor International Airport , the airline said in a statement . A new screening technology which may allow large electronic devices to remain in airline cabins has begun testing in the U.S. as part of a cutting-edge partnership between American Airlines and the Transport ... [Full Article...]

Trump rolls back some, not all, changes in US-Cuba relations

Trump rolls back some, not all, changes in US-Cuba relations Embassies in Washington and Havana will stay open and cruises and direct flights between the Washington and Havana will be protected under an exception from the prohibition on transactions with military-controlled entities. Ben Rhodes, the former deputy national security adviser who negotiated Obama's opening with the Cubans, said it was disappointing Trump was halting the momentum that had buil... [Full Article...]

Trump faces Russia dilemma as Senate overwhelmingly passes new sanctions

Trump faces Russia dilemma as Senate overwhelmingly passes new sanctions Linking the Russian Federation sanctions to Iran measures will make it more hard for US President Donald Trump to take actions to ease sanctions on Russian Federation and would prohibit the president from doing so without Congress' approval. [Full Article...]

Oil prices decline as doubts grow over OPEC's supply cuts

For drivers, this may mean more oil hauling opportunities in the future , or other heavy-duty market driving positions to become available over the course of the next few months. Gasoline stocks rose 2.1 million barrels, or 0.9 percent, to 242.4 million barrels, for the week ending June 9, Energy Information Administration ( EIA ) data showed. [Full Article...]

Analyst Coverage Updates - Babcock International Group (LON:BAB)

They now have a United States dollars 525 price target on the stock. According to the latest broker reports outstanding on Tuesday 13th of June, 8 analysts have a rating of "strong buy", 1 analysts "buy", 0 analysts "neutral", 0 analysts "sell" and 0 analysts "strong sell". [Full Article...]

Cuba condemns Trump's 'hostile rhetoric' but still wants to talk

Cuba condemns Trump's 'hostile rhetoric' but still wants to talk Under the President's executive order, the Trump administration will begin strictly enforcing the exemptions that allow travel between the USA and Cuba and prohibit commerce with Cuban businesses owned by the military and intelligence services. [Full Article...]

Rallies against Sharia Law draw counter-protests in KC, across the US

Rallies against Sharia Law draw counter-protests in KC, across the US On the other side of the street in the shade of a tall tree, Hadi Jawad stood with a group of counter protesters gathered in front of the center in support of Shariah law and local Muslims. But opponents are calling the Marches anti-Muslim and are holding counter-demonstrations to voice an inclusive message. The Board Chair of CAIR says the dinner could not have come at a better time, she wants ... [Full Article...]

FLDS leader Lyle Jeffs arrested

In August 2016, federal authorities announced they were offering a $50,000 reward to the person or persons who provide information leading to the arrest and conviction of Lyle Jeffs and elevated Jeffs to the FBI's "Most Wanted " list. [Full Article...]

Uber chief business officer to leave company amid turmoil

Uber chief business officer to leave company amid turmoil The resulting action saw 20 staff members - including senior executives and other staff - fired from the company. A source familiar with the matter told CNN Tech that Kalanick doubted the woman's account. Kalanick was not present for the announcement, a source confirmed, because he is grieving the sudden loss of his mother. Aside from Kalanick's absence itself, it would seem that the meeti... [Full Article...]

Hammond: Pragmatic approach needed for Brexit talks

The EU's executive Commission said in a statement Friday that the first round of negotiations in Brussels will be part of a "sequenced approach to the talks". Significant progress in talks on the budget and citizens' rights issue, as well as on issues around the new EU-UK land border in Ireland, would allow EU leaders to give Barnier a mandate by December to discuss a future, close relationship an... [Full Article...]


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