Soft Real GDP Growth in the First Quarter

For the first quarter of 2017, it grew a measly 0.7 percent , the worst growth since mid-2014. Nominal spending grew at a 4.5 percent rate, somewhat faster than the 3.0 percent rate of nominal GDP growth in the quarter. Today's report reflects the s... More..

by | Published more than a month ago
by | Sunday, April 30, 2017

Trump's First GDP Report Highlights Lackluster Growth

Sal Guatieri, senior economist at BMO Capital Markets, said he expected consumer and government spending to bounce back, leading to a much stronger second quarter. economist at High Frequency Economics in Val...More..

Gilead, NetApp, First Solar Could Profit Most on Trump's Tax Plan
by | Sunday, April 30, 2017

Gilead, NetApp, First Solar Could Profit Most on Trump's Tax Plan

If deductions for state and local taxes were eliminated, Gotham's gilded would pay 12.7 percent more than Floridians. Last year, more than 43 million families claimed the deduction, saving them almost $70 bil...More..

Trump signs executive order that could allow new drilling off California Coast
by | Sunday, April 30, 2017

Trump signs executive order that could allow new drilling off California Coast

The plan listed 10 leases in the Gulf of Mexico and another near Alaska for drilling, but - more significantly, experts say - it removed parts of the Arctic from availability. While some, notably Commerce Secre...More..

by | Sunday, April 30, 2017

Alphabet Q1 revenue increases 22 percent, shares surge

The internet company's revenue rose 22% on the same period a year ago to 24.7 billion dollars (£19.1bn), a figure that was also more than four billion dollars higher than analysts predicted. Analysts on ave...More..

by | Sunday, April 30, 2017

There will be a "big announcement" on tax reform Wednesday

The president unexpectedly said on Friday at a treasury department event that there would be "a big announcement on Wednesday having to do with tax reform". "They have no idea what they're doing". Ryan's bord...More..

by | Sunday, April 30, 2017

Physician who was dragged off flight settles with United

United said Thursday that it plans to reduce overbooking but not eliminate it entirely. The carrier's report highlighted 10 changes, including increasing its cash enticement to $10,000, effective Friday...More..

The Effect Of Trump's Tax Plan On Kentucky: It Varies
by | Sunday, April 30, 2017

The Effect Of Trump's Tax Plan On Kentucky: It Varies

McConnell and Ryan issued the statement along with Senate Finance Committee Chairman Orrin Hatch and House Ways and Means Committee member Kevin Brady. If the Trump administration's plan to lower tax rates be...More..

by | Sunday, April 30, 2017

Explainer: What you should know about President Trump's tax reform plan

On April 26, 2017, Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn introduced the Trump Administration's tax reform proposal (the " Trump Proposal") in a briefing. Th...More..

by | Sunday, April 30, 2017

Oil prices fall on expected surge in U.S. shale output

US West Texas Intermediate crude futures rose one cent to $52.66 a barrel, with their intraday low as $52.14, also the weakest since April 7. Meanwhile, investment banks are spreading optimism for oil prices,...More..

by | Sunday, April 30, 2017

Bucks eliminated from playoffs after falling to Raptors in Game 6

When they are at their best, there's no team in the East capable of winning four of seven versus LeBron, perhaps only an all-star selection that includes Wall, Bradley Beal, Thomas and DeMar DeRozan, flat-out s...More..

by | Sunday, April 30, 2017

US economy expanded at weakest pace in 3 years

Digging further into the data , consumer spending slowed to a near crawl in the first quarter, up just 0.3 percent at the annual rate, down from 3.5 percent growth in the fourth quarter . According to Ward Mc...More..

Donald Trump's approval rating dips as he nears 100 days in office
by | Sunday, April 30, 2017

Donald Trump's approval rating dips as he nears 100 days in office

Titled "President Trump's 100 Days of Historic Accomplishments ", anyone with a grasp on facts immediately knew the contents of the email were going to be far-fetched. If Trump keeps up at his current rate, he...More..

France elections: Le Pen steps aside as National Front leader
by | Sunday, April 30, 2017

France elections: Le Pen steps aside as National Front leader

French centrist presidential candidate Emmanuel Macron pays respect during a ceremony marking 102nd anniversary of the slaying of Armenians by Ottoman Turks in a brief ceremony, Monday April 24, 2017 in Pari...More..

SpaceX to launch NROL-76 at Kennedy Space Center
by | Sunday, April 30, 2017

SpaceX to launch NROL-76 at Kennedy Space Center

The US government customers like the NRO, the Air Force, and NASA, are still certifying the reused rockets to help launch their spacecraft into space. SpaceX only attempts these kinds of land landings when the...More..

by | Sunday, April 30, 2017

Trump considers breaking up the Ninth Circuit Court

This week, a Ninth circuit judge stopped the president from stripping money from sanctuary cities on Tuesday. In a defensive crouch over his splashiest policy initiatives, President Trump is now entertainin...More..

by | Sunday, April 30, 2017

January/March economic performance worst in 3 years, AP reports

An inventory drawdown during the quarter took 0.93% off GDP growth. Exports picked up after a bad quarter previous year, going from -4.5% to 5.8%, but imports - which drag on GDP - also increased 4.1%, even tho...More..

'Bobbi Jene,' 'Keep the Change' top Tribeca Film Fest awards
by | Sunday, April 30, 2017

'Bobbi Jene,' 'Keep the Change' top Tribeca Film Fest awards

In addition to the win for best narrative feature, Rachel Israel was also named best new narrative director for " Keep the Change ". Other awards went out in directing, short film, and even Snapchat categor...More..

No motive in Delaware trooper's fatal shooting, standoff
by | Sunday, April 30, 2017

No motive in Delaware trooper's fatal shooting, standoff

Cpl. Ballard attended Delaware State University, studying sociology and criminal justice before graduating in 2007, DSU spokesman Carlos Holmes said. Nathaniel McQueen choked up several times as he explained ...More..

Steve Stephens, star of his own sick show, dies famous — LUPICA
by | Sunday, April 30, 2017

Steve Stephens, star of his own sick show, dies famous — LUPICA

On a different note, Lane has no idea why Stephens would involve her name in the murder. Stephens became the shooter starring in his own production, then sharing that production on the Internet and with a world...More..

by | Sunday, April 30, 2017

Derek Barnett chosen as no. 14 overall by Philadelphia in NFL Draft

The Cleveland Browns selected Texas A&M defensive end Myles Garrett with the No. 1 pick of the 2017 National Football League draft. At the moment, Green Bay is the team on the clock, with the first pick in th...More..

US economic growth weakened to 0.7 percent in first quarter
by | Sunday, April 30, 2017

US economic growth weakened to 0.7 percent in first quarter

Gross domestic product increased at an annualized rate of 0.7% during the first three months of the year, the slowest pace since the first quarter of 2014, according to the first of three estimates released ...More..

by | Sunday, April 30, 2017

Oil hits 11-day low on expected surge in U.S. shale output

USA petrol stocks posted a counter-seasonal build of 1.5-million barrels, because of rising refining activity. U.S. gasoline inventories rose for the first time in nine weeks. ET). Moscow has not stated wheth...More..

Small Business Saturday 2017 campaign date announced
by | Sunday, April 30, 2017

Small Business Saturday 2017 campaign date announced

The event is also supported by PRS for Music, Dropbox and Mercedes Benz Vans and also benefits from the backing of leading business organisations including the Federation of Small Businesses and Enterprise Nati...More..

IEA: Oil discoveries, new projects hit record lows
by | Sunday, April 30, 2017

IEA: Oil discoveries, new projects hit record lows

There is still plenty of discovered oil in relation to expected demand - the BP Statistical Review estimates there are about 1.7 trillion barrels of proved oil reserves, compared with the IEA's estimate of dema...More..

Toyota recalls 228000 Tacoma trucks for potential crash risk
by | Sunday, April 30, 2017

Toyota recalls 228000 Tacoma trucks for potential crash risk

If a vehicle is continuously operated in this condition, the rear differential could become damaged, which can result in noise and reduced propulsion . Toyota has not said if the problem is responsible for a...More..

by | Sunday, April 30, 2017

Outline of Trump's tax-reform proposal makes no sense

That's a departure from what Gary Cohn, Trump's economic adviser, said on Wednesday. But a married couple earning $24,000 would benefit the most since they would no longer pay not tax at all. The Trump admini...More..

General Motors Company (NASDAQ:GM) Expected To Report Earnings On Friday
by | Sunday, April 30, 2017

General Motors Company (NASDAQ:GM) Expected To Report Earnings On Friday

Ford Motor Company (NYSE:F) has declined 5.20% since September 19, 2016 and is downtrending. Ford Motor Company is a global automotive and mobility company. The ex-dividend date of this dividend is Wednesd...More..

British PM, Corbyn trade blows in final pre-election clash
by | Saturday, April 29, 2017

British PM, Corbyn trade blows in final pre-election clash

She is however likely to take part in a question and answer session in front of a TV audience. Of course, around election time, politicians do develop the incredible ability to argue that the earth can i...More..

by | Saturday, April 29, 2017

Google parent company Alphabet beats Q1 expectations

Alphabet , the holding company that includes Google , posted $24.8 billion in revenue , beating the $24.2 billion Wall Street expected, and up 22 percent year-over-year. The downside is that mobile adverts ...More..

by | Saturday, April 29, 2017

United Airlines reaches settlement with passenger who was violently dragged from flight

Dao's attorney , Thomas Demetrio, in a statement early Thursday applauded United for promptly making policy changes that he said are "passenger friendly and are simple, commonsense decisions on United's par...More..

Cigna Investments Inc. New Invests $394000 in Cabot Oil & Gas Co. (COG)
by | Saturday, April 29, 2017

Cigna Investments Inc. New Invests $394000 in Cabot Oil & Gas Co. (COG)

Shares of Cabot Oil & Gas Corporation (NYSE:COG) declined -0.78% to $24.12. Topeka Capital Markets maintained Cabot Oil & Gas Corporation (NYSE: COG ) on Monday, October 26 with "Buy" rating. The firm earned "B...More..

The Baker Hughes Incorporated (BHI) Now Covered by HSBC Holdings plc
by | Saturday, April 29, 2017

The Baker Hughes Incorporated (BHI) Now Covered by HSBC Holdings plc

Finally, Citigroup Inc reissued a "buy" rating and issued a $70.00 price target (down from $75.00) on shares of Baker Hughes in a research note on Saturday, March 11th. With a market cap of 25359.01, Baker H...More..

by | Saturday, April 29, 2017

Congress Passes Stopgap Measure To Fund Government, Averting Shutdown

McCarthy also said Republicans would push through the House Friday a short-term spending bill keeping the government open for at least another week. The renewed rift over health care will likely color next we...More..

by | Saturday, April 29, 2017

Sen. Nelson Vows To Fight Trump Offshore Drilling Order

Obama administration officials said they were confident that Trump would not be able to reverse Obama's December action designating the bulk of US -owned waters in the Arctic Ocean and certain areas in the Atla...More..