Fed set to leave interest rates unchanged, may hint at June hike

But this week, it's all but sure to take a pause. In addition to the core, the headline PCE number, which includes volatile food and energy prices, rose 1.8% on an annual basis, down from the 2.1% last month. More importantly, the Fed has barely just... More..

by | Published more than a month ago
by | Tuesday, May 02, 2017

Senate Approves Acosta As Trump's Labor Chief

Given his labor background, Acosta is seen by both Republicans and Democrats as a better fit for the position. Former U.S. attorney Alexander Acosta was confirmed as labor secretary Thursday, filling a key ...More..

How the 'Facebook Killer' Was Caught Thanks to Quick-Thinking McDonald's Workers
by | Tuesday, May 02, 2017

How the 'Facebook Killer' Was Caught Thanks to Quick-Thinking McDonald's Workers

Tom Ducharme, owner of the restaurant near Erie, told CNN that Stephens drove up, placed an order and paid an employee, who recognized him and called police. Cleveland police on Monday informed residents of P...More..

Sarkozy to vote for Macron in French runoff
by | Tuesday, May 02, 2017

Sarkozy to vote for Macron in French runoff

The election is widely seen as a litmus test for the populist wave that a year ago prompted Britain to vote to leave the European Union and US voters to elect Donald Trump president. Many people think her mov...More..

by | Tuesday, May 02, 2017

Police injured in clashes with Paris May Day protesters

The Front Nationale candidates talked about "Frexit": a French exit of the European Union. Opinion polls predict Centrist Emmanuel Macron will win around 60 percent of the vote on Sunday ( May 7 ). It also ...More..

England, Pakistan climb T20I rankings
by | Tuesday, May 02, 2017

England, Pakistan climb T20I rankings

Both the sides have gained points following the update but India's five-point gain against New Zealand's increase of three means India are now ranked third with 117 points and New Zealand a notch below at...More..

Doctor Dragged From Flight Settles With United
by | Tuesday, May 02, 2017

Doctor Dragged From Flight Settles With United

The company said it plans to reduce how many flights it overbooks - a common airline practice that ensures there are as few empty seats as possible - and create a call center to handle overbooking problems. "Go...More..

Le Pen upstages rival Macron with stop at factory
by | Tuesday, May 02, 2017

Le Pen upstages rival Macron with stop at factory

After winning Sunday's contest with 24.1 percent to Le Pen's 21.3 percent, he gave an exuberant victory speech followed by a high-profile celebration at Paris bistro La Rotonde bistro, drawing criticism even ...More..

Hundreds of startups call on FCC to preserve net neutrality
by | Tuesday, May 02, 2017

Hundreds of startups call on FCC to preserve net neutrality

The future of the Internet looks a lot like it did before 2015 - in the eyes of the new boss at the Federal Communications Commission. Comcast Chairman and Chief Executive Brian Roberts said Pai's proposal ...More..

by | Tuesday, May 02, 2017

Uber unveils plans to demo flying cars by 2020

Uber initially unveiled Elevate , its vision for on-demand urban air transportation, in October. Uber first announced its plan for flying cars previous year with a "on demand aviation" service called Uber Ele...More..

by | Tuesday, May 02, 2017

U.S. crude oil stocks drop

Gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity. "The drop in tensions following North Korea's failed missile test. EDT (1516 GMT), while US crude futur...More..

BP returns to profit on rising oil prices and cost cuts
by | Tuesday, May 02, 2017

BP returns to profit on rising oil prices and cost cuts

Higher oil prices and deep cost-cutting have helped BP record profits of $1.5 billion (£1.2 billion), compared with $532 million in the first quarter of 2016. BP bumped up its production by five per cent in the...More..

by | Tuesday, May 02, 2017

Oil edges higher as OPEC boost offsets dent from USA supply

EDT (1449 GMT), while Brent dropped 14 cents to $54.75 a barrel. Crude oil fell on Monday in quiet trading after the three-day Easter break on signs the United States is continuing to add output, underminin...More..

Assad Government Behind Chemical Attack
by | Tuesday, May 02, 2017

Assad Government Behind Chemical Attack

France's Foreign Ministry said blood samples were taken from a victim in Syria on the day of the April 4 attack in the opposition-held town of Khan Sheikhoun. It also denies it has any chemical weapons. "Only t...More..

by | Tuesday, May 02, 2017

FCC Chairman Announces Plan to Roll Back Net Neutrality Regulations

Pai's objections have centered around the FCC's decision to classify broadband as a telecommunications service to be regulated under a section of law known as Title II. Last time around, when a massive campaign...More..

Crude prices fall, extending weak April tone
by | Tuesday, May 02, 2017

Crude prices fall, extending weak April tone

Nymex crude for June delivery was down 9c, or 0.2%, at $48.75. The high level of OPEC compliance has surprised skeptical market analysts who predicted plenty of cheating, so the cuts of 1.2 million barrels ...More..

by | Tuesday, May 02, 2017

FCC chairman to propose reversing 'net neutrality' rules

The order reclassified internet service providers (ISPs) under Title II of the 1934 Communications Act, which allowed the agency to regulate ISPs as if they were antique, rotary-dialed phone companies, and le...More..

by | Tuesday, May 02, 2017

Mnuchin: Economy Will Grow At 3 Percent Or Higher Very Soon

That is, of course, the premise of the Laffer Curve, brainchild of Arthur Laffer, father of supply-side economics, who convinced President Reagan of the wisdom of massive tax cuts more than a generation ago. Re...More..

by | Tuesday, May 02, 2017

During In-Flight Remarks, Pope Discusses Nuclear War, North Korea

The only kind of fanaticism that is acceptable to God is being fanatical about loving and helping others, Pope Francis said on his final day in Egypt. Over and over, that's what I heard from people in Cairo, an...More..

by | Tuesday, May 02, 2017

Oil falls after failed North Korean missile test, U.S. rig count gains

The incessant rise of rigs has led the Energy Information Administration to upgrade its United States oil production forecast for 2018 from 9.73 million barrels per day (bpd) in its March report to 9.9 millio...More..

President Trump, how will your tax plan spur economic growth?
by | Tuesday, May 02, 2017

President Trump, how will your tax plan spur economic growth?

When asked about it at the roll-out briefing , Director of the National Economic Council Gary Cohn called such information a "micro-detail". Trump also wants to reduce the top income tax rate from 39.6 per...More..

Economic growth stumbles to worst rate in 2 years, underscoring Trump's challenge
by | Tuesday, May 02, 2017

Economic growth stumbles to worst rate in 2 years, underscoring Trump's challenge

US Secretary of Commerce Wilbur Ross said that the weak first quarter performance showed the need for the new policies Trump is offering. The economy grew at a 2.1 per cent pace in the fourth quarter. F...More..

by | Tuesday, May 02, 2017

Zarif: US Defies Letter, Spirit of Nuclear Pact

Speaking on Wednesday, Mr Tillerson said the Iran review, which he announced in a letter to Congress a day earlier, would not only look at Tehran's compliance with the nuclear deal but also its actions in the...More..

US Economy Grows At Slowest Pace Since 2014
by | Tuesday, May 02, 2017

US Economy Grows At Slowest Pace Since 2014

But "just because people feel happy doesn't mean they will act on those feelings, and they clearly didn't during the first quarter", economist Joel Naroff said in a commentary on the report. Weakness in Q1 of...More..

by | Tuesday, May 02, 2017

ANZ New Zealand's first-half earnings rise 24%, driven by institutional business

March personal income missed forecasts with a 0.2 per cent increase, while the US ISM manufacturing index decelerated to 54.8 from 57.2 as new orders and the employment component fell. In a video on ANZ's corpo...More..

Trump signs executive actions to review tax regulations, roll back Dodd-Frank
by | Tuesday, May 02, 2017

Trump signs executive actions to review tax regulations, roll back Dodd-Frank

The president visited the Treasury Department to sign the actions, saying the administration wants to "help struggling Americans achieve their financial dreams, earn a great paycheck, have a job that they lov...More..

by | Tuesday, May 02, 2017

Google CEO Sundar Pichai's compensation doubles to $200 million in 2016

CEO Ruth Porat stated that excellent results mark a terrific start to FY17. But Alphabet of course has its fingers in a lot of different ventures, including its " Other Bets " unit which compromises its Way...More..

by | Tuesday, May 02, 2017

Oil prices dip on bloated United States market, mixed Saudi signals

Gasoline stocks posted a counter-seasonal build of 1.5 million barrels. On the New York Mercantile Exchange, crude futures for May delivery fell 0.86% to $52.72 a barrel. All oil producers taking part in a su...More..

by | Tuesday, May 02, 2017

Despite Criticism, FCC Announces Official Plan to Roll Back Net Neutrality

The final vote on the revised rules based on the feedback the commission receives is expected later this year. Pai spoke on "The Future of Internet Freedom" at Washington's museum of journalism, the Newse...More..

Alonso out before crash halts Russian Grand Prix
by | Tuesday, May 02, 2017

Alonso out before crash halts Russian Grand Prix

The German crossed the line a mere 0.6 seconds behind the man who joined Mercedes from Williams in January as replacement for retired 2016 champion Nico Rosberg and was finally a victor after 81 starts. As Merc...More..

by | Monday, May 01, 2017

Earnings at the Forefront For Advanced Micro Devices, Inc

Many analysts are providing their Estimated Earnings analysis for Advanced Micro Devices, Inc . and for the current quarter 21 analysts have projected that the stock could give an Average Earnings estimate of ...More..

Everything You Need to Know About 'American Gods' Before It Premieres
by | Monday, May 01, 2017

Everything You Need to Know About 'American Gods' Before It Premieres

Is the series worth a look? When director Zack Snyder adapted Alan Moore & Dave Gibbons' 1984 limited series Watchmen for the big screen in 2009, the three million people who were originally killed in NY ...More..

by | Monday, May 01, 2017

Watch List: Apple Inc. (NASDAQ:AAPL)

Needham & Company LLC reiterated a "top pick" rating and issued a $150.00 target price on shares of Apple in a research report on Tuesday, January 24th. Also, insider Luca Maestri sold 6,308 shares of the bus...More..

GDP slumps sharply in Q1
by | Monday, May 01, 2017

GDP slumps sharply in Q1

The "second" estimate for the first quarter, based on more complete data , will be released on May 26. The GDP of USA has only increased at a 0.7% annual rate, which was the lowest performance since the ...More..

by | Monday, May 01, 2017

Google Parent Alphabet's Revenue Continues to March Higher

Google's parent Alphabet has recorded more stunning growth in both profits and revenues, helped once again by its strong performance in the advertising market. "This change resulted in a modest increase in pa...More..