No Fed rate hike; but officials see more ahead

Brian Coulton, chief economist at Fitch Ratings, said: "There is nothing in here to change our view of two more rate hikes this year". HEIDI LEARNER, CHIEF ECONOMIST, SAVILLS STUDLEY, NEW YORK: "They specifically said they view the slowing of gro... More..

by | Published more than a month ago
Kinross Gold +11% after earnings beat, 2017 forecast reaffirmed
by | Thursday, May 04, 2017

Kinross Gold +11% after earnings beat, 2017 forecast reaffirmed

Chelsea Counsel Co. raised its position in shares of Kinross Gold by 0.3% in the third quarter. Capstone Asset Management Co. raised its position in Kinross Gold by 3.1% in the first quarter. Revenue: $796.1 m...More..

Le Pen and Macron come out swinging in heated TV debate
by | Thursday, May 04, 2017

Le Pen and Macron come out swinging in heated TV debate

The pair are now on the campaign trail ahead of the May 7 election and Zidane has not shied away from voicing his opinion on the matter. "The euro is the currency of bankers, not that of the people", she said. ...More..

May and Corbyn clash over Brexit in final PMQ session
by | Thursday, May 04, 2017

May and Corbyn clash over Brexit in final PMQ session

Asked over the potential of Labour's stance, Mr McFadden added: "I am committed to securing the best possible deal, in terms of trade, security and investment". Remember the opinion polls were wrong in the 2015...More..

by | Thursday, May 04, 2017

US timberland returns tick up, ahead of US-Canada trade spat

Freeland said she raised trade matters with first daughter Ivanka Trump on the sidelines of a conference in Berlin on Tuesday, though it wasn't the focus of the meeting. Mr Trump reiterated a threat to eliminat...More..

by | Thursday, May 04, 2017

Fed holds interest rates steady, downplays economic weakness

USA central bankers were unusually explicit in their statement, indicating that a disappointing first quarter, in which the economy grew at an annualised rate of 0.7 per cent, would not knock the committee off ...More..

by | Thursday, May 04, 2017

Federal Reserve meets as economic picture darkens

Despite signaling that further rate hikes are still on tap for the remainder of the year, the FOMC held the Fed Funds Rate in the United States steady at a range of 0.75% to 1% in a unanimous vote. The Fed al...More..

GOP health care plan still short of votes
by | Thursday, May 04, 2017

GOP health care plan still short of votes

Rep. Steve King said there was an agreement that his language in the original bill that would "strike out" the requirement to cover essential health benefits would be offered in the Senate with the support of P...More..

by | Thursday, May 04, 2017

Bill Shine is OUT as co-pres of Fox News

Shine stepped down on Monday amid accusations that he retaliated against Fox News employees who came forward with allegations of sexual harassment, some against former CEO Roger Ailes. Nevertheless, Mediatie ...More..

Reason Why Tom Brady Missed Donald Trump Visit Revealed
by | Thursday, May 04, 2017

Reason Why Tom Brady Missed Donald Trump Visit Revealed

It was meant to show that President Trump isn't as popular as President Obama , at least with people who win Super Bowls; in this case the New England Patriots , who were feted for their had-it-all-the-way ...More..

India summons Pakistan high commissioner Abdul Basit over soldier beheading issue
by | Thursday, May 04, 2017

India summons Pakistan high commissioner Abdul Basit over soldier beheading issue

Amid the raucous call for retaliation for the murder and mutilation of two Indian soldiers at the Line of Control, Army chief General Bipin Rawat today provided a cryptic response. On whether India could consid...More..

by | Thursday, May 04, 2017

John Lewis rallies gun control advocates as NRA convenes

A year ago, Trump was addressing the NRA as a candidate. "The people in this room were the determining factor in getting him into the White House". On his 99th day in office, Trump also mocked the large group...More..

Strong Export Gain Leads to Narrower Canada Trade Deficit
by | Thursday, May 04, 2017

Strong Export Gain Leads to Narrower Canada Trade Deficit

Monthly oil imports rose to their highest level in almost four years at 260 million barrels. Canada's trade deficit narrowed markedly in March, bolstered by a significant gain in exports of energy and food pr...More..

by | Thursday, May 04, 2017

Tesla losses grow as it nears Model 3 launch

Mr. Musk is betting the Model 3, a $35,000 four-door sedan, will broaden the company's appeal and help increase production to 500,000 vehicles next year toward a goal of 1 million in 2020. The company plans to ...More..

Old guard rallies around newcomer Macron for French run-off
by | Thursday, May 04, 2017

Old guard rallies around newcomer Macron for French run-off

Macron led Sunday's first round, taking 24.01 per cent of the vote while Le Pen garnered 21.30 per cent. The Socialists and rightwing Republicans party have duly called for voters to elect Macron, but Communi...More..

Puerto Rico announces historic debt restructuring in court
by | Thursday, May 04, 2017

Puerto Rico announces historic debt restructuring in court

The island has been mired in recession for over 10 years, causing many Puerto Ricans to migrate to the 50 states. A group representing some of those holding the $16 billion worth of general obligation bonds a...More..

Puerto Rico Seeks Court Protection To Restructure $70B Debt
by | Thursday, May 04, 2017

Puerto Rico Seeks Court Protection To Restructure $70B Debt

Instead, the governor of Puerto Rico, Ricardo Rosselló , petitioned for relief under Title III of a new federal law for insolvent territorial governments, called Promesa . People are literally fleeing Puerto ...More..

by | Thursday, May 04, 2017

The Trump team's slapdash tax plan

In an interview with Bloomberg , the president suggested that he would be comfortable raising the gas tax, if the new revenue were earmarked for highway construction, a notion he described as "supported by tru...More..

by | Thursday, May 04, 2017

Dallas gunman was under FBI investigation before shooting spree

Police did not release their identities or specify whether the two neighbors were the suspected shooter and the other person found dead. The Dallas paramedic and citizen shot by the suspect late Monday morn...More..

by | Thursday, May 04, 2017

United States growth hits 3-year low in Trump's first quarter

It was the worst quarterly performance since the first quarter of 2014 when the economy contracted at a 1.2 per cent rate. Nominal spending grew at a 4.5 percent rate, somewhat faster than the 3.0 percent rat...More..

Shares in Home Capital bounce as it considers 'strategic options'
by | Thursday, May 04, 2017

Shares in Home Capital bounce as it considers 'strategic options'

Toronto-based Home Capital said it hired RBC Capital Markets and BMO Capital Markets to advise on "strategic options" after it secured the one-year loan, according to the statement. "The hefty cost associated w...More..

Escape suspect won't fight extradition to Iowa
by | Thursday, May 04, 2017

Escape suspect won't fight extradition to Iowa

Danker said it's a tragedy that 43-year-old Mark Burbridge died shortly after noon at an Omaha hospital. Douglas County Attorney Don Kleine says he talked with the Pottawattamie County attorney and received t...More..

Starbucks' New Frappuccino Is All About the Flavor
by | Thursday, May 04, 2017

Starbucks' New Frappuccino Is All About the Flavor

There's a new frappuccino on the menu at Starbucks and it's exactly what you didn't know you needed this spring. The beverage is made with scoops of of extra-dark cocoa blended with coffee, milk, and ice,...More..

Petra Kvitova returns to tennis court after knife attack
by | Thursday, May 04, 2017

Petra Kvitova returns to tennis court after knife attack

I am in Monaco and guess what? And on Tuesday the 27-year-old posted a picture of herself on Instagram training in Monte Carlo. "I'm sure it must be very hard for her". It is indeed a very wonderful sight see...More..

by | Thursday, May 04, 2017

I Will Release Plan With 'Massive' Tax Cuts Next Week

Mnuchin said that the tax plan would pay for itself when viewed through a "dynamic scoring" analysis, which accounts for the increased tax revenues that would be produced by higher growth prompted by the ta...More..

by | Thursday, May 04, 2017

Alphabet Inc (GOOGL) Q1 Revenue Beats Expectations On Strong Ad Sales Growth

Tonight's report is the first in which Alphabet has switched to a focus on GAAP numbers over non-GAAP, which may cause some confusion as Wall Street evaluates the numbers over the next few hours. Alphabet mi...More..

The Kraft Heinz Company Earnings Watch & Stock Update
by | Thursday, May 04, 2017

The Kraft Heinz Company Earnings Watch & Stock Update

Boston Advisors LLC's holdings in Kraft Heinz were worth $618,000 at the end of the most recent quarter. Based on their most recently released notes to investors, 6 analysts have a rating of "buy", 6 analys...More..

Softwood lumber dispute fires up trade fight between Canada, U.S.
by | Thursday, May 04, 2017

Softwood lumber dispute fires up trade fight between Canada, U.S.

Justin Trudeau has told Donald Trump that his Government will "vigorously defend" the interests of the Canadian softwood lumber industry , following the announcement of new United States countervailing d...More..

OPEC production cut deal appears to be holding
by | Thursday, May 04, 2017

OPEC production cut deal appears to be holding

The US government's Energy Information Administration Wednesday reported a drawdown in commercial crude inventories for the week ended April 14, which should have been a bullish influence, but was overshado...More..

by | Thursday, May 04, 2017

Google reports 28% profit increase boosted by ad sales

Analysts had expected $7.39 per share . But it does show that Google's business is more than just search and advertising these days. Of course, the vast majority of Google's revenue still comes from its co...More..

LCBO recalls Bombay Sapphire gin for incorrect alcohol content on the label
by | Thursday, May 04, 2017

LCBO recalls Bombay Sapphire gin for incorrect alcohol content on the label

This recall was initiated after the discovery that, during production, one batch was bottled before correct dilution to achieve the stated 40% alcohol content by volume. In a release, the Canadian Food Inspecti...More..

by | Thursday, May 04, 2017

Ontario boosts forestry road funding by $20M in response to softwood tariffs

Certain companies will be subject to the retroactive collection of cash deposits, because the Department determined that "critical circumstances" exist. A diplomatic call between President Trump and Canadian Pr...More..

Magellan Midstream (MMP) Q1 Earnings, Revenue Beat Estimate May 03, 2017
by | Thursday, May 04, 2017

Magellan Midstream (MMP) Q1 Earnings, Revenue Beat Estimate May 03, 2017

LLC now owns 10,612 shares of the pipeline company's stock valued at $213,000 after buying an additional 2,045 shares during the last quarter. Royal Bank of Canada reaffirmed a "buy" rating and issued a $84.00 ...More..

by | Thursday, May 04, 2017

Fox's Legendary Hypocrisy Is On Full Display With Today's Underwhelming GDP Report

It was the slowest quarter of growth since the first quarter of 2014. Of course, these estimates might drift higher with passage of more pro-growth policies, especially in terms of the outlook later this year a...More..

Stocks Open Lower After Apple Results; Investors Look Ahead To Fed
by | Thursday, May 04, 2017

Stocks Open Lower After Apple Results; Investors Look Ahead To Fed

The tech-heavy Nasdaq was particularly pressured by Apple, the largest USA company by market capitalization, which fell 1.5%. Overall, profits at S&P 500 companies are estimated to have risen 13.6 per cent ...More..