Economy


No-Fly Zone: Trump Not Allowed To Use Personal Helicopter No-Fly Zone: Trump Not Allowed To Use Personal Helicopter
- April 14, 2017

President Donald Trump, through his Trump Organization, owns or operates 17 different golf courses around the world, including 12 in the United States, two in Dubai, one in Ireland and two in Scotland. PALM BEACH, Fla. (AP) - President Donald Trump can only look at the personal helicopter parked on the front lawn of his Mar-a-Lago resort. Now known as the "Winter White House", Trump continues to make trips to Mar-a-Lago. (more...)
Trump to NY Times: Susan Rice May Have Committed a Crime
- April 13, 2017

After playing the clip of Rice denying she ever leaked intelligence, Mitchell brought the blame game back to Trump. "Do I think? Yes, I think", he said, when asked whether Rice had committed a crime. She made clear that the intelligence community would authorize the actual unmasking once it was requested. Rice did not detail which Trump officials she unmasked or why, but current and former US officials have told ABC News it happened on a number of occasions. (more...)
'Charging Bull' sculptor accuses New York City of violating his rights 'Charging Bull' sculptor accuses New York City of violating his rights
- April 13, 2017

Charging Bull wants Fearless Girl to get out of his way. Police removed it because it didn't have a permit, but public support was so great that the city gave it a permanent home nearby. This story has been corrected to show Modica will explain his challenge on Wednesday, not Thursday. While the statue has garnered favorable worldwide attention for its message of female empowerment, 76-year-old sculptor Di Modica is reportedly not a fan. (more...)
US Considering Nukes in South Korea to Counter Pyongyang Threat
- April 12, 2017

The missile fired from land in the area of the eastern coastal city of Sinpo on Wednesday morning flew about 60 kilometers (37 miles), according to a South Korean military statement. U.S. Secretary of State Rex Tillerson acknowledged the launch in a statement but said the U.S. had spoken enough about North Korea and would not comment further. (more...)
USA carrier strike group heads toward Korea USA carrier strike group heads toward Korea
- April 12, 2017

Earlier this year, Tillerson stated that "all of the options are on the table" during his first Asia visit as top USA diplomat. In a phone call on Saturday, Mr Trump and acting South Korean President Hwang Kyo-ahn agreed to stay in close contact about North Korea and other issues, according to Washington . (more...)
HHGregg closing 220 stores, laying off 5000 workers HHGregg closing 220 stores, laying off 5000 workers
- April 11, 2017

The 62-year-old company sought Chapter 11 bankruptcy protection in March, saying it was "the best path forward to ensure hhgregg's long-term success". Flat-panel televisions that most consumers could load in the backseat and install themselves. The retailer said it entered into a consulting agreement with a contractual joint venture comprised of Tiger Capital Group, LLC and Great American Group to conduct a sale of the merchandise and furniture, fixtures and equipment located at Hhgreggg's ... (more...)
Wells Fargo Board faults aggressive culture in sales scandal Wells Fargo Board faults aggressive culture in sales scandal
- April 11, 2017

It also clawed back $47 million from Carrie Tolstedt , the former head of Wells' community banks. "His reaction invariably was that a few bad employees were causing issues. But Tolstedt was left to deal with the issue and was "notoriously resistant to outside intervention and oversight" the report said. While the investigation found that Wells fired several employees at that branch, the sales problems did not stop, largely due to the intense sales pressure upper management placed on ... (more...)
Fed minutes reveal debate over inflation and Trump
- April 09, 2017

Traders also said there was a bit of profit-taking in the greenback toward the end of the session especially in the dollar-yen currency pair. "They don't want a shock-and-awe impact". The minutes said because of the "substantial uncertainties" about the outlines of the program that will eventually emerge from Congress, about half of the Fed officials had not included any assumptions about the president's efforts in their economic forecasts. (more...)
Syrian base blasted by U.S. cruise missiles Syrian base blasted by U.S. cruise missiles
- April 08, 2017

A White House official said 59 precision-guided Tomahawk missiles hit the Shayrat airfield, from where the United States believes the attack was launched. Labour's deputy leader Tom Watson has said he supports the United States strikes in Syria, calling them "a direct and proportionate response to a clear violation of worldwide law". (more...)
Gov. Christie halts Amtrak payments, calls for inspection
- April 07, 2017

Afterward, Amtrak conducted a survey to look for similar problems and didn't find any. "It is Amtrak's responsibility to take immediate action, and all corrective action, to resolve the continuing problems at Penn Station New York". Monday's derailment of an inbound New Jersey Transit commuter train damaged switches, signals and rails at a spot in the station where two tracks emerge from the tunnel and diverge to a total of 21 tracks inside the station. (more...)
Stock inside Investors Spotlight: Advanced Micro Devices, Inc.'s (AMD) Stock inside Investors Spotlight: Advanced Micro Devices, Inc.'s (AMD)
- April 07, 2017

Median price target has been set at $12 by analysts. Anything short of that rosy scenario could hurt the stock, and investors seemed inclined to agree, based on today's trading. The count of Hold ratings in that period was 13. For the current year, analysts are predicting earnings of $5.86 per share according to First Call. According to their predictions High & Low revenue estimates are 987 Million and 965.92 Million respectively. (more...)
Gender pay gap reporting begins
- April 07, 2017

In actual fact, only around one-third of the gender pay gap in the United Kingdom is down to factors such as workplace bias and discrimination, whereas two-thirds can be explained by differences in worker "characteristics" or the way that men and women tend to enter different jobs and industries. (more...)
Air Strikes in Syria Kill At Least 100; Gas Attack Suspected
- April 05, 2017

Damascus has repeatedly denied using any such weapons. A Syrian medical activist reported at least 18 "critical cases" of unconscious people bleeding from the nose and mouth to the Associated Press . The sources did not indicate who was to blame for the attack, describing it as a "chemical weapons attack directed at civilians". "We have seen more than 40 strikes since 06h30", it said. (more...)
RBA expected to keep rates on hold this year
- April 05, 2017

With the Reserve Bank of Australia (RBA) scheduled to meet on Tuesday to set interest rates, the uneven data presents the board with a challenge. "It probably won't be too long before the latest regulatory tightening in mortgage lending rules reduces house price inflation and reduces the risks within the balance sheets of both households and banks", Dales said. (more...)
Ralph Lauren to shut down Fifth Avenue Polo store Ralph Lauren to shut down Fifth Avenue Polo store
- April 05, 2017

Ralph Lauren chief financial officer, Jane Nielsen comments that the closing is, in fact, aimed at freeing up the company to explore other ventures, hinting at the expansion of Ralph Coffee cafe. A spokeswoman for Ralph Lauren did not immediately respond to CNBC's questions regarding whether the decision to close its Fifth Avenue flagship was related to a disruption in business because of its proximity to Trump Tower. (more...)
Tesla reports record vehicle deliveries
- April 04, 2017

Of those, 13,450 were the Model S Sedan and 11,550 were the Model X sports utility vehicle, showing the latter was catching up with the the flagship vehicle. Before the unveiling, Tesla CEO Elon Musk tweeted about the major markets where new Model 3 will be sold with India in the list. The company hasn't announced a full-year target for this year. (more...)
Suspect Still At Large In Houston-Area Deputy Shooting Suspect Still At Large In Houston-Area Deputy Shooting
- April 04, 2017

Officers responded to a call for assistance and found the deputy shot there at least once, Dorris said. The shooting was intentionally done, Dorris said, however, a motive remained unclear. The Texas Rangers, Harris County Sheriff's Office, Harris County Precinct 3 Constable's Office and Gulf Coast Violent Offenders Task Force are assisting the Baytown Police Department in search of the suspect. (more...)
'The Walking Dead' gets satisfying season finale
- April 04, 2017

As Negan was about to bring down his bat on Carl's head, Shiva jumped in to take out a man, forcing Negan to stumble backward in shock. A moment of silence, please, for Sasha (Sonequa Martin-Green), who died a hero's death - and very almost took Negan with her. (more...)
Florida Georgia Line are double winners ahead of ACM Awards Florida Georgia Line are double winners ahead of ACM Awards
- April 04, 2017

Fans crowded into the resort's beach area to hear the duo tear through hits including "Dirt", "Shine On", and "Cruise". The 1990s boy band is featured on duo Florida Georgia Line's current single, "God, Your Mama, and Me", and the groups performed it together during the CBS telecast. (more...)
NJ Transit train derails at New York Penn Station
- April 04, 2017

Media reports say there are no injuries. Service on several NJ Transit lines is suspended into Penn Station in Manhattan due to a derailed train in the station. In a service alert, Amtrak officials said that the incident is likely to affect Acela Express and Northeast Regional service between Newark and NY. (more...)
Markets move on release of USDA planting intention Markets move on release of USDA planting intention
- April 04, 2017

Department of Agriculture. Overall, the USDA expects American farmers to cut corn acreage by 4 million acres this year, or about 4 percent. The state's farmers are also planning to plant 5.2 million acres into corn , an increase of 2 percent from a year ago. (more...)
China factory index rises to highest in 5 years China factory index rises to highest in 5 years
- April 02, 2017

The country's manufacturing purchasing managers' index (PMI ) came in at 51.8 in March, higher than the 51.6 recorded in February. Activity at China's factories expanded for a ninth straight month in March but at a softer pace as new export orders slowed, a private survey showed, raising questions about whether a recent pickup in global demand is losing steam. (more...)
Ivanka to join White House as unpaid govt employee Ivanka to join White House as unpaid govt employee
- April 02, 2017

White House ethics officials said the legally required disclosure documents provided a snapshot of assets and positions held by personnel when they first entered their new jobs at the White House, and before they started selling stocks and other assets that could pose conflicts of interest. (more...)
Something completely different at McDonald's: Fresh beef
- April 01, 2017

It has previously committed to sourcing only cage-free eggs by 2025 and has eliminated high-fructose corn syrup from its food. "The announcement is part of a continuing food journey for McDonald's ", said McDonald's USA President Chris Kempczinski . (more...)
Countries coordinate tax evasion probe of dozens of people Countries coordinate tax evasion probe of dozens of people
- April 01, 2017

It said more actions are likely in the coming weeks. Sindy Schmiegel, a spokeswoman for the main Swiss bankers' association, SwissBanking, said: "Swiss banks won't accept untaxed assets, and don't want to manage them". British tax authorities, meanwhile, said they launched a criminal investigation into suspected tax evasion "by a global financial institution and certain of its employees". (more...)
Environmental groups sue Trump administration over Keystone reversal Environmental groups sue Trump administration over Keystone reversal
- April 01, 2017

Lawsuits have been launched by several environmental groups against the Trump administration yesterday challenging its decision to approve construction of TransCanada Corp's controversial Keystone XL crude oil pipeline. Among the pipelines they aim to target are Keystone; Dominion Resources Inc.'s $5 billion, 564-mile (907-kilometer) Atlantic Coast pipeline that'll carry gas from West Virginia to Virginia and North Carolina; and Energy Transfer Partners LP's expansion of the Bayou Bridge ... (more...)
Darden shares pop 4 percent on strong earnings beat, Cheddar's acquisition Darden shares pop 4 percent on strong earnings beat, Cheddar's acquisition
- March 30, 2017

Darden Restaurants (NYSE: DRI ) has insider ownership of 0.69% and institutional ownership of 87.64%. They noted that the move was a valuation call. KeyCorp reiterated a "buy" rating and issued a $80.00 price target on shares of Darden Restaurants in a research report on Monday, February 6th. (more...)
Sensex trips 97 points, Nifty below 9100 on global weakness Sensex trips 97 points, Nifty below 9100 on global weakness
- March 29, 2017

The Sensex at the BSE closed 172 points or 0.59 per cent higher at 29,410 and the Nifty at the NSE ended 56 points or 0.61 per cent up at 9,101. Market breadth was positive with 1,402 advances against 728 declines. The day witnessed a huge influx of funds from foreign institutional investors (FIIs). "The domestic market bounced back by recouping yesterday's losses on positive global cues though investors will keep a close watch on USA fiscal spending and tax cut plans in future". (more...)
The US must support nuclear weapons ban treaty: Letter to the Editor
- March 28, 2017

The US would be at risk and North Korea would be "cheering" if Washington were to negotiate a nuclear ban treaty, US ambassador to the UN Nikki Haley said, explaining why the her government was boycotting the talks. By banning nuclear weapons under worldwide law and creating a global norm that the use of nuclear weapons is a crime, countries rallying behind the treaty are hoping it will apply pressure on nuclear powers. (more...)
As NFL Owners Meet, Raiders Move To Las Vegas May Happen As NFL Owners Meet, Raiders Move To Las Vegas May Happen
- March 28, 2017

It might, however, be something to keep an eye on as the Raiders look for their new home. In 2016, league owners refused to allow Davis to partner with San Diego Chargers ownership to build a stadium in Carson, California just outside of Los Angeles. (more...)
Oil prices fall to near 4-month low on bumper supplies
- March 27, 2017

Algeria's state-run energy producer plans to boost crude-oil output by 14% in the four years to 2019 and invest billions of dollars in exploration projects. "We keep being told the market will rebalance and we're not seeing any evidence". It said the expected drop could help draw down USA inventories that stood at a record 533 million barrels in the week to last week. (more...)
United Prevents Girls Wearing Leggings from Boarding Flight United Prevents Girls Wearing Leggings from Boarding Flight
- March 27, 2017

It later added it was investigating the incident. Two girls flying from Denver International Airport Sunday were reportedly forbidden by an agent from boarding a United Airlines flight because both were wearing leggings, but airline officials said it was within their right to not allow them in. (more...)
Census Bureau: Maricopa County fastest growing in country Census Bureau: Maricopa County fastest growing in country
- March 25, 2017

Erie County lost residents after two years of growth and one year of negligible change. The metro area's peak population of 132,399 was in 1979, per historical data provided by the Census. But the county also had 43,189 people move there from elsewhere in the United States. Former Mayor Stephanie Rawlings-Blake made increasing Baltimore's population by 10,000 families a central goal of her administration. (more...)
Target to Start Galaxy S8 Pre-orders on April 2nd Target to Start Galaxy S8 Pre-orders on April 2nd
- March 24, 2017

Samsung's Galaxy S7 Edge was the Korean company's most popular flagship in 2016, followed by the Galaxy J3, Galaxy J5, and Galaxy S7. Apple's devices are innovative and feature-heavy enough to spur sales and retain relevance in the market, the analytics firm said. (more...)
Airbnb changed its name to Aibiying in China Airbnb changed its name to Aibiying in China
- March 24, 2017

Airbnb will double down in the rapidly expanding travel sector in China using a new name, expanding its trips service and hiring additional aid for those speaking Mandarin. It integrated a local payment method through Chinese company Alipay and added sign-up options through Chinese messaging app WeChat. Airbnb is also hoping to make a success with its "Trips" product, a service that provides customers ideas for activities and places to see while they are traveling. (more...)