Money

Author: 0 U.S. Dollar Remains Strong After Fed Meeting, Hurting Gold Prices

The U.S. Federal Reserve signaled it's still on track for two more rate rise this year emphasizing the strength of the labour market against weak first-quarter economic growth. The Federal Open Markets Committee, the Fed's policymaking arm, said slowing economic growth was "likely transitory" and expected economic growth to to expand at a "moderate" pace.

Money All ATM withdrawals not chargeable, clarifies SBI
Author: 0 All ATM withdrawals not chargeable, clarifies SBI

Hence, if a SBI customer uploads upto Rs 10000 via SBI's authorized business correspondents, a special charge of 0.25% (plus service tax) would be imposed, which shall be minimum of Rs 2 and maximum of Rs 8. A corrected circular will be issued soon, he said. "This is outrageous and the central government is cheating the people". "It is part of a policy to put additional financial burden on the common man to help the corporates", he said.

Money BT cuts 4 thousand jobs
Author: 0 BT cuts 4 thousand jobs

It also added 11,000 new TV customers, taking its customer base to 1.7m, and BT Sport's average annual audience figures increased 12% excluding Showcase and digital channels. Reported revenues rose 27 per cent to £24.06bn, but only thanks to its acquisition of EE - stripping that out, sales fell 0.2 per cent. "And securing exclusive rights to top-flight European football until 2021 puts our consumer businesses in a strong position".

Money Nordstrom reports growth in 1Q profit, disappointing sales
Author: 0 Nordstrom reports growth in 1Q profit, disappointing sales

Retail EBIT increased $25 million compared with the same quarter a year ago. The company had revenue of $3.25 billion in the year-earlier period. Ledyard National Bank increased its position in Nordstrom by 291.1% in the first quarter. COPYRIGHT VIOLATION WARNING: This story was first published by Markets Daily and is the sole property of of Markets Daily. If you are viewing this report on another domain, it was illegally stolen and reposted in violation of United States & global copyright & ...

Money Oil Stable on Expectations of Extended Production Cut
Author: 0 Oil Stable on Expectations of Extended Production Cut

It requires a combination of falling inventory and falling production for the oil prices to make a real move upwards and what we saw yesterday was just a glimpse of what could happen in such a scenario. The bank also said that a fall by 5.3-million barrels in United States crude inventories this week to 522.5-million barrels was "providing some fundamental support for prices".

Money Market Review: Focusing on Shares of Digital Realty Trust Inc (DLR)
Author: 0 Market Review: Focusing on Shares of Digital Realty Trust Inc (DLR)

Over the last twelve months shares in Healthcare Realty Trust Incorporated have increased by 6.93% from 30.24 to 32.34. $1.20 is the ADY. Investors of record on Thursday, June 22nd will be given a dividend of $0.98 per share. Boenning Scattergood upgraded shares of Federal Realty Investment Trust from a neutral rating to an outperform rating in a research note on Wednesday, March 22nd.

Author: 0 Active Volume Stock: Valeant Pharmaceuticals International, Inc. (VRX)

Investors are on alert as Valeant Pharmaceuticals International, Inc. Canaccord Genuity downgraded it to "Hold" rating and $75 target in Wednesday , March 2 report. The correct version of this story can be read at https://www.thecerbatgem.com/2017/05/11/valeant-pharmaceuticals-intl-inc-vrx-given-new-15-00-price-target-at-td-securities.html.

Money Trump creates panel to study voter fraud, suppression
Author: 0 Trump creates panel to study voter fraud, suppression

The president has repeatedly claimed, without evidence, that millions of people voted illegally in the 2016 presidential election. Trump beat Clinton in the Electoral College 306 to 232, but Clinton won nearly 2.86 million more votes. Thanks in no small part to Kobach, Kansas has some of the most restrictive voting laws in the country. Kobach is the only secretary of state with the authority to prosecute voter fraud, and he has helped create some of the nation's strictest voter ID ...

Author: 0 Here's How Twitter Reacted To Labour's Leaked Election Manifesto

The draft manifesto has not yet been signed off by the shadow cabinet and Labour's National Executive Committee. The draft document also pledges £90 million to extend schools-based counselling services to all schools, £150 million to exempt schools from having to pay the apprenticeship levy and promises a consultation on teacher sabbaticals or temporary placements with industry.

Author: 0 Treasurer on pathway to surplus

Under the updated figures, the cost of unlegislated tax cuts for companies with a turnover of more than $50 million for 10 years from 2017-18 is $35.6 billion. "Accordingly, we are replacing these requirements with an annual foreign worker levy of $1200 or $1800 per worker per year on temporary work visas and a $3000 or $5000 one-off levy for those on a permanent skilled visa", Morrison said during his budget speech.

Author: 0 Morrison warns big banks to absorb new tax

Political analyst Laurie Oakes, who has covered 48 federal budgets for the Nine Network, said the budget could have been handed down by a Labor government, but said it "does what the government needs to do" to "lift it out of the electoral doldrums".

Author: 0 Budget Mission Accomplished? Bill Shorten Says Not So Fast

The talk is that Labor and the Greens could say no to the Government's NDIS plan. Funding for each student across all sectors will grow at an average of 4.1% each year. The 0.06-percentage-point levy on money the big banks borrow to fund their lending excludes deposits of less than $250,000. This is a smart tax. These are small "l" liberal policies that Mr Turnbull's supporters have been longing to see since he took over leadership of the Liberals, but they should not scare the more ...

Money Three women, including mother and daughter, charged with terrorism
Author: 0 Three women, including mother and daughter, charged with terrorism

The women were arrested on April 27 after armed police swooped on Barghouthi's home in Harlesden Road in northwest London . All three are due in court Thursday. Britain has been on its second-highest alert level of "severe" since August 2014, meaning an attack by militants is considered highly likely. Khalid Mohammed Omar Ali, 27, has been charged with preparing terrorist acts this year and with making or having explosives in Afghanistan in 2012.

Author: 0 Steady Stock: Chesapeake Energy Corporation (NYSE:CHK)

FBR & Co set a $5.00 price target on shares of Chesapeake Energy and gave the company a "sell" rating in a research report on Saturday, March 11th. Chesapeake Energy Corporation's ROE is 0%, while industry's is 3.35%. Regions Financial Corporation (RF ) stock moved with shift of 1.63% in the past week. Janney Montgomery Scott invested in 10,462 shares or 0% of the stock.

Money Airline Customer Satisfaction Survey Ranks Canadian Carriers Near Bottom
Author: 0 Airline Customer Satisfaction Survey Ranks Canadian Carriers Near Bottom

The study added that customer satisfaction has been rising for the past five years. Global marketing research company J.D. Power has released its list of the best airlines in the country for the J.D. - When there are delays, such as those caused by weather or mechanical issues, satisfaction levels fall by 101 points when a traditional carrier is delayed and by 59 points when a low-priced carrier is delayed.

Money Uber a transport service, says EU court
Author: 0 Uber a transport service, says EU court

The decision handed down today is non-binding, though ECJ rulings have historically followed the advice of the advocate general. In his opinion, however, Uber is not simply a way for people to connect to drivers, but something far more meaningful.

Money Trump Moves to Support Wisconsin Dairy, Lumber by Slapping Tariff on Canada
Author: 0 Trump Moves to Support Wisconsin Dairy, Lumber by Slapping Tariff on Canada

Trump has said USA lumber producers are driven out of business and suffer when the Canadian government subsidizes its lumber industry . Trudeau says the two countries are economically interconnected, but it's not a one-way relationship. border state of Wisconsin losing an export contract to Canada. "This has been going on for a while". "It's my hope that the Trump administration, despite some of the rhetoric that we've seen, because they have been squarely focused on American jobs and ...

Author: 0 Oil up on falling United States inventories

ET), above a session low of $49.18, while U.S. West Texas Intermediate futures CLc1 were up 11 cents at $46.54 per barrel. Oil prices rose more than 1% on Thursday, as large drawdowns in USA inventories and growing support for continued Organization of the Petroleum Exporting Countries (Opec) output cuts boosted confidence that a seemingly insurmountable glut might finally diminish.

Author: 0 Analytical Preview of Enbridge Energy Partners, L.P. (EEP)

It has outperformed by 5.64% the S&P500. Combining all the ratings on Holly Energy Partners, L.P. (NYSE:HEP), the current mean stands at 3.33. Therefore 92% are positive. (NYSE:HEP) or 1.26M shares. 02/23/2016 - EV Energy Partners, L.P. was downgraded to "underperform" by analysts at Bank of America Merrill Lynch. Since November 15, 2016, it had 2 buys, and 0 insider sales for $438,351 activity.

Author: 0 1 arrested after brawl aboard Southwest jet during deplaning

Right before the physical fight broke out, a female flight attendant tried to separate the men, but she soon found herself pushed back onto a seat. Cable has been arrested by Burbank police on suspicion of battery. "She did a wonderful job, God bless her and I hope she's OK", he told CBS . Another passenger suffered a bruise and swelling of the left eye and a small cut on the left side of his nose.

Money Airport chaos, flights canceled: Spirit Airlines apologizes
Author: 0 Airport chaos, flights canceled: Spirit Airlines apologizes

The airline said Tuesday it was issuing refunds to affected passengers or rebooking them on other flights including on different airlines. "These pilots have put their quest for a new contract ahead of getting customers to their destinations and the safety of their fellow Spirit Team Members", company spokesperson Paul Berry said.

Money Micron Technology Downgraded; ON Semiconductor Beats Q1 Views
Author: 0 Micron Technology Downgraded; ON Semiconductor Beats Q1 Views

The performance week for Micron Technology, Inc .is at 1.92% and the performance month is at -0.21%. Micron Technology Inc now has $32.72B valuation. Micron Technology had a negative net margin of 2.32% and a positive return on equity of 0.81%. According to their predictions High & Low revenue estimates are 5.53 Billion and 5.11 Billion respectively.

Author: 0 Fight Breaks Out at Florida Airport After Spirit Airlines Cancels Flights

When they were told they had to leave Fort Lauderdale-Hollywood International Airport, all three "challenged deputies with threatened physical violence" and then resisted arrest, the complaints said. In a statement responding to the airline's earnings report last month, Capt. Stuart Morrison, chairman of the ALPA's Spirit unit, said Spirit pilots "continue to work under a seven-year old agreement that puts us well below the industry-standard".

Author: 0 Trump praises Australia's universal health care after Obamacare repeal

In his second week as president, the Republican had a disastrous conversation with Australian Prime Minister Malcolm Turnbull via phone, in which Trump bragging about his imagined electoral-college landslide, lashed out at Turnbull over a refugee agreement, and abruptly hung up 25 minutes into an hour-long call.

Money BJP's Panaji MLA resigns, paves way for Parrikar to contest
Author: 0 BJP's Panaji MLA resigns, paves way for Parrikar to contest

Parrikar, a former Defence Minister and now a member of the Rajya Sabha was rushed back to state politics in March. The Parrikar-led government was sworn in on March 14, two days after the BJP staked claim to form a government in the coastal state despite having ended up second after Congress in Assembly polls.

Money Los Angeles Olympic organizers putting plans on display
Author: 0 Los Angeles Olympic organizers putting plans on display

Above: A Los Angeles Olympic bid committee rendering shows what beach volleyball at Santa Monica beach would look like after receiving an Olympics-style makeover. "We can do this because we don't have to build a single new venue", he said. "We're not wasting taxpayer money to host these games", said LA 2024 Director of Sustainability and Legacy Brence Culp.

Author: 0 Trump Meets Palestinian Leader Abbas to Weigh Peace Prospects

He offered no details about his effort or how it would be any different from attempts over the past two decades during which former Presidents Bill Clinton, George W. But Trump didn't specifically mention that issue in his brief remarks after the Oval Office session. The stipends are sensitive. Stopping them seems untenable to Abbas, especially at a time of broad Palestinian support in the West Bank for a mass hunger strike by hundreds of Palestinian prisoners held by Israel, now in its ...

Author: 0 France's Macron got 10m more votes than Le Pen in election

Manuel Valls, the former French prime minister, said Tuesday he wants to turn his back on the Socialists and run under President-elect Emmanuel Macron's new political movement. Macron had a sweeping victory with about 66.1% votes while 33.9% votes went to Le Pen's kitty. That fate befell conservative President Jacques Chirac when the left secured a majority in legislative elections in 1997, saddling him with Socialist Prime Minister Lionel Jospin for the next five years.

Author: 0 BOE warns of weaker incomes for years while UK adjusts to Brexit

That will have repercussions for an economy that is highly reliant on consumer spending to drive growth. Though higher rates would help limit inflation, which has been rising, the policymakers erred on the side of caution after economic growth more than halved to 0.3 per cent in the first quarter compared with the previous three months.

Money Whitehouse was warned about Flynn's blackmail risk
Author: 0 Whitehouse was warned about Flynn's blackmail risk

The White House was warned in January that Donald Trump's national security advisor Michael Flynn was vulnerable to Russian blackmail, a top former official told lawmakers on Monday. Mr Pence said in January that Mr Flynn denied those calls involved sanctions placed on Russian Federation by the Obama administration in response to its election meddling.

Money United Kingdom industrial production worse than Q1 GDP estimates
Author: 0 United Kingdom industrial production worse than Q1 GDP estimates

It is feared that when the United Kingdom finally breaks from the European Union, there could be a shocking collapse of the United Kingdom economy. This represents the third consecutive period of negative month-on-month growth. "March's simply terrible trade figures demonstrate that Britain is failing to capitalise on sterling's depreciation", said Samuel Tombs, chief United Kingdom economist at Pantheon Macroeconomics.

Author: 0 Oil prices rise as Saudi Arabia may cut exports to Asia

Brent and USA crude futures contracts closed on Tuesday at their second lowest levels since November 29, the day before OPEC announced it would cut output in the first half of 2017. Oil was also buoyed by media reports on Wednesday that Saudi Arabia would cut crude supplies to Asia. At 522.5 million barrels, crude inventories are at their lowest since February.

Money 5 key moments in the career of James Comey
Author: 0 5 key moments in the career of James Comey

White House spokeswoman Sarah Huckabee Sanders referred to what she called "atrocities in circumventing the chain of command" at the Justice Department in attempting to explain his firing. Days before he was sacked, James B. Comey , the former F.B.I. director, asked the Justice Department for a significant increase in money and personnel for the bureau's investigation into Russia's interference in the presidential election, according to three officials with knowledge of his request.

Author: 0 Homeland Security considers banning laptops on all flights

US Department of Homeland Security ( DHS) spokesman David Lapan told reporters on Tuesday expanding the ban is being considered. The U.S. laptop ban and on other electronic devices larger than cell phones has affected direct flights to the United States by Royal Jordanian Airlines RJAL.AM, Egypt Air, Turkish Airlines, Saudi Arabian Airlines, Kuwait Airways, Royal Air Maroc, Qatar Airways, Emirates and Etihad Airways.

Money Boeing halts test flights of new plane over engine issue
Author: 0 Boeing halts test flights of new plane over engine issue

Boeing designed the MAX fleet to replace the previous 737 model as a more fuel-efficient model. Boeing stock closed at $183.18 Wednesday, down 1.25% for the day in a 52-week range of $122.35 to $187.21. American Airlines Group Inc., which has 100 737 MAX jets on order, declined to comment when contacted by Reuters . The first 737 MAX was due to be delivered next week to smaller Indonesian-owned Malaysian carrier Malindo Air.

Money Dakota Access pipeline leaked 84 gallons of oil in April
Author: 0 Dakota Access pipeline leaked 84 gallons of oil in April

This is what we have said all along: "oil pipelines leak and spill", Standing Rock Sioux Tribe Chairman Dave Archambault II said in a statement. Though the damage was said to be "relatively minor", according to an environmental scientist with the South Dakota Department of Environment and Natural Resources , it speaks to the ineffectiveness of crude oil pipelines as a sustainable infrastructure.

Money With trade czar now in place, Trump seeking 'massive' NAFTA changes
Author: 0 With trade czar now in place, Trump seeking 'massive' NAFTA changes

Ross said that the administration was still undecided on whether to split NAFTA into parallel bilateral deals with Canada and Mexico or stick with the current trilateral format. However, Mexico said 75% of its exports to the United States are inputs in USA production processes and that the United States has an $8 billion surplus in services.

Money UK election dampens outlook for house prices - RICS
Author: 0 UK election dampens outlook for house prices - RICS

However, this is from a low base, and concerns around a shortage of supply persist, with new buyer enquiries continuing to rise at a faster rate than instructions to sell. At the same time, new buyer enquiries were again broadly unchanged and have now failed to see any meaningful growth since November of past year, the agency said.

Author: 0 Oil rises on falling United States stockpiles, Saudi cuts to Asia

The idea that supranational organizations can force individual nation states to act against their own best interests has never been demonstrated long term. Two OPEC members are exempt from the cut-Nigeria and Libya- and a third member, Iran, was allowed to boost output to a specified level. Iraq, the second largest producer after Saudi Arabia, cut production by 198,000 barrels to 4.373 mln barrels (quota of 210,000 barrels, 94%).

Money Somalia leader wants arms embargo lifted to fight al-Shabab
Author: 0 Somalia leader wants arms embargo lifted to fight al-Shabab

The meeting was attended by US Defence Secretary James Mattis , EU foreign affairs chief Federica Mogherini , the presidents of Kenya and Uganda , the prime ministers of Ethiopia and Turkey, and the foreign ministers of Egypt , Germany , the Netherlands and Qatar .

Money Trump says he 'may align' tax reform with infrastructure
Author: 0 Trump says he 'may align' tax reform with infrastructure

The U.S. president clarified later in the Economist interview and reversed himself, saying that he would, in fact, never release his tax returns as part of a potential agreement with Democrats as it would be "unfair" and "disrespectful" to agree to such a deal.

Money OCBC to buy NAB's Singapore and HK private wealth business
Author: 0 OCBC to buy NAB's Singapore and HK private wealth business

The transaction is expected to be completed before the end of the year, subject to regulatory approval, and the business will be positive for the bank's earnings within a year, OCBC said. "We are. pleased to acquire this [affluent] base of customers that we can extend additional banking services to", Ching Wei Hong, chief operating officer of OCBC said in the statement.

Money Allergan plc (AGN) Releases FY17 Earnings Guidance
Author: 0 Allergan plc (AGN) Releases FY17 Earnings Guidance

This is an increase of 347% compared to the typical daily volume of 1,990 put options. Allergan plc (NYSE:AGN) opened at 229.72 on Thursday. Stock is now moving with a positive distance from the 200 day simple moving average of approximately 0.65%, and has a solid year to date (YTD) performance of 9.7% which means the stock is constantly adding to its value from the previous fiscal year end price.

Author: 0 Democrats want answers after Trump gives Comey the ax

The Trump administration said on Tuesday Comey's firing was over his handling of an election-year Federal Bureau of Investigation probe into then-Democratic presidential nominee Hillary Clinton's use of a private email server during her time as secretary of state.

Money Active Movers: Frontier Communications Corp(NASDAQ:FTR), Advanced Micro Devices, Inc.(NASDAQ:AMD)
Author: 0 Active Movers: Frontier Communications Corp(NASDAQ:FTR), Advanced Micro Devices, Inc.(NASDAQ:AMD)

The stock now has Monthly Volatility of 3.95% and Weekly Volatility of 3.79%. A price target is the projected price level of a financial security stated by an investment analyst. Pier Capital LLC raised its position in Advanced Micro Devices by 1.0% in the first quarter. Volume on the day was 49.86 million shares. TRADEMARK VIOLATION NOTICE: " Advanced Micro Devices, Inc ".

Money NYC Uber drivers could soon start getting tips
Author: 0 NYC Uber drivers could soon start getting tips

The forthcoming Taxi and Limousine Commission rule proposal comes after months of campaigning from drivers looking to earn a bit of extra revenue with each tip. Nobody's explicitly saying this is a shot at Uber, but Lyft has included tipping since 2012 and Fasten allowed tipping in 2016 , so Uber's pretty clearly the only holdout.

Author: 0 Trump admin. declines to brand China a currency manipulator

As he said in his tweet, "We will see what happens". The comment on Twitter was the first from Trump since North Korea's latest missile launch. Commerce Secretary Wilbur Ross has said that the issue of "currency misalignment" - which could also include unintentional devaluations - will be addressed in a study of trade abuses by nations that run large surpluses with the US, which is due to be ready in June.