Economy


Republicans praise debt cuts in revised budget Republicans praise debt cuts in revised budget
- May 13, 2017

Republican state legislators are criticizing Brown for not putting more money into the "rainy day fund" ahead of an economic downturn. On Thursday, he called Trump's promises of deep tax cuts and new spending "voodoo economics" and gambling. (more...)
Trump's mixed messages on ex-FBI Director Comey Trump's mixed messages on ex-FBI Director Comey
- May 11, 2017

In response, Mr. Comey laughed, saying he thought it was a fairly amusing prank. Ron Wyden, calling for Comey to immediately be summoned to testify to Congress about the status of the Trump-Russia investigation. It was days before the November 8, 2016, election that Comey announced his team had found additional emails on the laptop of her aide, Huma Abedin, which the Clinton campaign blames for depressing votes in critical battlegrounds that Clinton lost to Trump by a small margin. (more...)
Gmail releases new security feature in light of phishing attack Gmail releases new security feature in light of phishing attack
- May 11, 2017

If you already clicked on this site, go to the Permissions page of your Google account and revoke access to the service called " Google Docs". This story, " Google beefs up security in Android Gmail app following Docs phishing scam " was originally published by Greenbot . (more...)
Trump says he's willing to consider raising gas tax Trump says he's willing to consider raising gas tax
- May 11, 2017

This means that while multinational corporations will reap all of the benefits from the tax cut such as higher profits and increased competitiveness of firms, smaller businesses have to pay the full 35% in taxes. There's been no increase in the federal motor fuel tax since 1993. The goal is for a tax-reform package to be signed into law this year. Burman said "there's no way" that Trump's plan won't lower taxes for top earners, despite the rhetoric from his administration. (more...)
Tunnel With Nuclear Waste Collapses in the State of Washington
- May 10, 2017

The cause of the collapse was not immediately known. The tunnel contains highly contaminated materials , including railroad cars that were used to transport nuclear fuel rods, according to local news broadcaster King TV . "Collapse of the earth covering the tunnels could lead to a considerable radiological release". Responding agencies include the U.S. Department of Energy; Richland, West Richland, and Kennewick city fire and police; Benton, Franklin, and Grant County fire and police ... (more...)
Emma Watson Thanks Belle After Winning First Ever Gender-Free MTV Award Emma Watson Thanks Belle After Winning First Ever Gender-Free MTV Award
- May 10, 2017

As a result, Emma Watson won Best Actor in a Movie for her role as Belle in Beauty and the Beast, reports E! "Empathy and the ability to use your imagination should have no limits". The show maintained its traditional irreverence with awards recognizing the best duo (Hugh Jackman and Dafne Keen of the film Logan ), best tearjerker (TV hit This Is Us ), and best kiss (Ashton Sanders and Jharrel Jerone of Moonlight ). (more...)
Hertz tanks 15% after missing big on earnings (HTZ) Hertz tanks 15% after missing big on earnings (HTZ)
- May 10, 2017

Zacks Investment Research lowered shares of Hertz Global Holdings from a "hold" rating to a "sell" rating in a report on Thursday, February 23rd. Suntrust Banks Inc. During the quarter, the company produced a loss of $1.61 per share. Price targets reflect what the analyst believes a stock will be worth four quarters into the future. (more...)
S&P 500 Futures Struggle to Maintain Record Territory S&P 500 Futures Struggle to Maintain Record Territory
- May 10, 2017

Coach shares rose 4.8%. The Nasdaq Composite Index closed up 0.3% at 6,120, while the S&P 500 index ended off about 0.1% at 2,396 and the Dow Jones Industrial Average closed down 0.2% at 20,975, weighed by a slide in Chevron Corp. COMMODITIES: Benchmark U.S. crude fell 36 cents to $46.07 per barrel. Markets in South Korea are closed today. Cisco Systems ( CSCO ) shed 1.1% after receiving an investment-rating downgrade late Monday to market perform from outperform from BMO Capital Markets. (more...)
Target aims to bring household essentials to your front door Target aims to bring household essentials to your front door
- May 10, 2017

Target Corp.is testing a service that allows shoppers to order everyday essentials online and have them delivered to their houses the next day . Target announced Monday it is piloting its new next-day essentials delivery service, Target Restock , in the Minneapolis area this summer. (more...)
GOP-led panel OKs bill to overhaul Dodd-Frank
- May 08, 2017

The bill would accomplish much of a long-term GOP goal: to revoke the expansive financial regulations passed under President Obama after the 2008 financial crisis and long protected by Democrats. Leaders of the Senate panel with jurisdiction over a Dodd-Frank overhaul have said they would like to work together to find areas of common agreement to enhance economic growth. (more...)
Saudi Energy Minister Says Oil Output Cuts Likely To Be Extended
- May 08, 2017

Traders said the victory of Emmanuel Macron in the French presidential election against far-right Marine Le Pen also supported oil prices as it raised hopes of a more stable European economy. USA crude output averaged 9.3 million bpd in the week ended April 28, its highest since August 2015, according to federal data and many analysts see US crude output heading towards 10 million bpd over the next year or so. (more...)
Oil prices rebound after heavy sell-off
- May 08, 2017

Oil slid below US$45 a barrel for the first time since OPEC agreed to cut output in November past year, as USA shale confounds the producer group's attempts to prop up prices. "That is spooking a lot of people that shale will offset the OPEC cuts", said Youngberg. "If they deepen the cut, the effect will be short-lived". Like it or not, the market has proven once again that OPEC isn't the most important player in the oil market any more. (more...)
India confirm they will play in Champions Trophy India confirm they will play in Champions Trophy
- May 07, 2017

The reproduction of the story/photograph in any form will be liable for legal action. Unlike the money power, the BCCI had, this governing body itself found in trouble after a majority of the officials were in favor of boycotting the tournament as a protest against the reduction of their revenue share by the ICC. (more...)
Trump tax plan: Relief for his voters but lots of unknowns Trump tax plan: Relief for his voters but lots of unknowns
- May 07, 2017

Trump's one-page sketch is silent on whether the tax code would still include the personal tax exemption, which allows most families to exempt $4,050 in income for each spouse and dependent child. Without it, he would have owed just $5.5 million. But all other deductions , except for mortgage interest and charitable contributions, would be eliminated, including state and local taxes and medical expenses. (more...)
Apple Plans $1 Billion Spending Spree Apple Plans $1 Billion Spending Spree
- May 06, 2017

Cook didn't go into detail about the first beneficiary of the fund, but stated that Apple has already "talked to a company that we're going to invest in". An announcement about the investment will be made later this month. The company also cited a study by the Progressive Policy Institute that attributes 1.5 million U.S.jobs to Apple's iPhone "ecosystem". (more...)
Markets On A Roll: Sensex Soars 189 Points On Reforms, Earnings Boost Markets On A Roll: Sensex Soars 189 Points On Reforms, Earnings Boost
- May 06, 2017

The Nifty closed at an all-time high on Thursday while the Sensex ended above the 30,000 mark, a day after the country's biggest private sector lender by assets ICICI Bank posted a threefold jump in quarterly profits and the government chose to change the law to help resolve the bad loan problem. (more...)
Freedom Caucus Endorses Updated Republican Obamacare Replacement Bill Freedom Caucus Endorses Updated Republican Obamacare Replacement Bill
- May 04, 2017

According to a senior GOP aide, leaders were already promising Wednesday morning that once the health care bill as passed, members of Congress would vote separately to ensure that members wouldn't be exempted from the new rules, but it's a rocky start for an amendment that was meant to get Republicans back on track to repeal and replace Obamacare. (more...)
Fed says slowdown in United States growth is temporary Fed says slowdown in United States growth is temporary
- May 04, 2017

However, Fed leaders are intensely focused on communication and prefer to raise rates during meetings that include a press conference afterward so they can explain their reasoning. "That bodes well for consumer spending in the second quarter", Reuters said. Oil prices pulled higher after a sharp fall on Tuesday on technical selling in a market already anxious about oversupply and following a rise in output from several members of the Organization of Petroleum Exporting Countries. (more...)
Oil rebounds on US stocks drawdown, declining OPEC compliance weighs
- May 03, 2017

The implementation of those cuts at the beginning of 2017 helped keep prices high during January and February. Exploration and production firms are still adding drilling rigs at an average of nearly 10 per week, according to oilfield services company Baker Hughes. (more...)
Francesco Totti: Roma captain and striker 'to retire from playing' Francesco Totti: Roma captain and striker 'to retire from playing'
- May 03, 2017

Totti has been playing for Roma for 25 years since making his debut in the final stages of a 2-0 win at Brescia on March 28, 1993. "I want to look ahead, and I want to be as close as possible to Francesco in the future, I want him to be right here, next to me", Monchi told a news conference. (more...)
Canada now has more seniors than children Canada now has more seniors than children
- May 03, 2017

The acceleration of population aging is the result of the first baby boomers reaching the age of 65, Statistics Canada says. But if it's any consolation, the city of London (excluding St. The youngest populations are found on the Prairies and in the territories, especially Nunavut. The newly released figures also contain information about dwelling types. (more...)
Early French Presidential Polls Show Macron In Double Digit Lead Early French Presidential Polls Show Macron In Double Digit Lead
- May 01, 2017

He still supports her candidacy in the presidential runoff. Both Macron and Le Pen will ramp up their presidential campaigning over the next few weeks to help shore up and convince any undecided voters. But Le Pen's rebranding isn't likely to work. "Tonight, I am not the president of the National Front, I am the presidential candidate, the one who wants to gather all the French around a project of hope, of prosperity, of security", Le Pen said. (more...)
Cooper Tire (CTB) Q1 Earnings amp; Revenues Miss Estimates Cooper Tire (CTB) Q1 Earnings amp; Revenues Miss Estimates
- April 30, 2017

Cooper Tire & Rubber Co. has reported first quarter 2017 net income of $31 million, or diluted earnings per share of 57 cents, compared with $59 million, or $1.05 per share, last year. In other news, VP Stephen Zamansky sold 14,041 shares of the firm's stock in a transaction that occurred on Tuesday, February 28th. Sell-side analysts have also provided a consensus recommendation of 2.10 on company shares. (more...)
Trump tax plan leaves Congress, Ryan with heavy lift
- April 29, 2017

The tax plan released Wednesday by top economic adviser Gary Cohn and Treasury Secretary Steven Mnuchin provided much for multinational corporations to rejoice over - it calls for slashing the corporate income tax rate to 15 percent from 35 percent and applying a one-time, low rate to an estimated $2.6 trillion in offshore profits that have so far avoided USA taxes. (more...)
Trump signs order to expand ocean oil drilling
- April 29, 2017

He's a Democrat from OH who agrees with the president that NAFTA has hurt the US more than it's helped. "A source related to a major automaker said , "[The U.S. As I explained to my friend in a subsequent call , I support negotiations because it makes sense after 24 years. That confusion has been front and centre recently. (more...)
Tyson Fury wants to put record straight
- April 29, 2017

The promising heavyweight, 27, makes the latest defence of his IBF title and hopes to win the WBA belt last held by Tyson Fury when he fights Wladimir Klitschko at Wembley Stadium on Saturday night. The unbeaten Watford-born fighter steps up against Klitschko , a fading fighter but one who is entering into his 29th world title fight and is vastly more experienced. (more...)
'Shark Tank' Star O'Leary Drops Out of Canadian Political Race 'Shark Tank' Star O'Leary Drops Out of Canadian Political Race
- April 28, 2017

Shark Tank star and businessman Kevin O'Leary has dropped out of the Conservative Party of Canada's leadership race, ending his bid to become the country's next Prime Minister. "I've always said this right from the very beginning, that this leadership race is going to be a very serious fight between the progressive conservatives and the right of the party", the Democracy Watch co-founder told National Observer . (more...)
Credit Suisse to raise $4B in share issue as 1Q reaps profit Credit Suisse to raise $4B in share issue as 1Q reaps profit
- April 27, 2017

US Bancorp DE now owns 22,018 shares of the financial services provider's stock valued at $289,000 after buying an additional 5,117 shares during the period. The company reported $0.23 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.25 by $0.02. Credit Suisse Group AG had a negative return on equity of 4.12% and a negative net margin of 27.07%. (more...)
Qatar Airways plans San Francisco route Qatar Airways plans San Francisco route
- April 27, 2017

It was one of 12 routes Qatar unveiled Monday. This will see the Doha based carrier serve 15 United States cities, three more than now included in the American network of Dubai based Emirates. "I sincerely thank H.E., Mr. Akbar Al Baker, for the trust he and Qatar Airways are placing in us". He also said Qatar Airways would sign in the next "few days" an agreement with Italy's Meridiana. (more...)
Flying Cars: Coming to an Uncongested Area Near You Flying Cars: Coming to an Uncongested Area Near You
- April 27, 2017

Last year, the news came out that Alphabet's Larry Page had funded two flying tech startups, Kitty Hawk and Zee .Aero. "We do not intend to restrict the location from which you place an order for the Flyer except for embargoed countries, however we do not have current plans to ship the vehicle overseas", Kitty Hawk says on its website . (more...)
US FCC chairman to propose reversing 'net neutrality' rules US FCC chairman to propose reversing 'net neutrality' rules
- April 27, 2017

In addition to reversing the Title II decision, Pai proposed eliminating the "so-called Internet conduct standard", which he claimed gave the FCC "a roving mandate to micromanage the Internet". With the earlier annulment by Congress of a broadband privacy rule for internet users, "It's an explosive environment", Kimmelman said. The fight for net neutrality will not be subject to the same kind of expedited process. (more...)
Airlines pushing back on talk of banning overbooking flights Airlines pushing back on talk of banning overbooking flights
- April 26, 2017

The Irvine resident was eventually able to take an open middle seat in coach on the six-hour flight, he said, but he lost working time and respect for the airline. In a dispute such as the one that occurred on Flight 3411, what recourse or appeal process do passengers have to dispute an action taken against them by United Airlines during their travel? The CEO even initially described the passenger- Vietnamese grandfather Dr David Dao - as "disruptive and belligerent". (more...)
Trump says he will release tax reform package next week Trump says he will release tax reform package next week
- April 26, 2017

The White House will release the governing principles for its tax plan on Wednesday, but the details of a complete tax proposal probably won't be ready until June, a senior White House official said Sunday. The House plan also would eliminate all personal deductions except for mortgage interest and charitable contributions. Trump's campaign tax proposal kept the state and local tax deduction but capped itemized deductions at $100,000 for single filers and $200,000 for married couples ... (more...)
Compromise could address concerns over class size law Compromise could address concerns over class size law
- April 26, 2017

He told the committee that the current K-3 class size requirements have been on the books for years. He said many district leaders either could not or would not account for where that money went or how many art, music or physical education teachers they have. (more...)
Halep, Cornet give Sharapova wild-card debate new impetus
- April 26, 2017

It's normal that people talk about her, she's an huge champion, but from there to promoting her return to such an extent. "She has done her punishment", Clijsters said. The five-time Grand Slam champion and former No. 1 will have to rebuild her ranking from scratch, as only tournament results over the preceding 12 months count toward the WTA rankings. (more...)