Finance

Finance U.S. retail sales slide 0.3 per cent, biggest drop in 16 months
Author: 0 U.S. retail sales slide 0.3 per cent, biggest drop in 16 months

Sales at health and personal care stores remained unchanged from April but increased 0.4% from May 2016. Retail sales are a big component of consumer spending, which in turn accounts for roughly two-thirds of USA economic output. Category wise, the sharpest decline was seen in electronics, after two months of decent gains.The "control group", which excludes autos, gas, food services and building materials, also came in flat on sequential terms.

Finance Fed raises rates, gives details on balance sheet reduction
Author: 0 Fed raises rates, gives details on balance sheet reduction

It is the second such hike by the central bank in 2017. Some gains are expected on Wall Street later, with the futures for both the Dow and S&P 500 up 0.1 percent. Fidelity investment director Tom Stevenson said "there was never much doubt " regarding today's rate rise. Federal Reserve Chair Janet Yellen declined to say whether she would serve a second term at the helm of the USA central bank if asked to stay on by President Donald Trump .

Finance Attorney General Jeff Sessions to testify publicly before Senate on Tuesday
Author: 0 Attorney General Jeff Sessions to testify publicly before Senate on Tuesday

Jeff Sessions will testify tomorrow to the Senate Intelligence Committee and he may have to answer questions raised by last week's testimony from James Comey . A lot of questions for Sessions cropped up after Comey's testimony last week. Comey said Sessions responded with, essentially, a shrug. Comey hinted that there might be as-yet undisclosed information when asked about the timing of Sessions' recusal from the Russian Federation investigation in his open Senate hearing.

Finance Theresa May Just Cracked a Pretty Good Joke About Her Election Disaster
Author: 0 Theresa May Just Cracked a Pretty Good Joke About Her Election Disaster

Ms May faces a hard balancing act: Divisions over Europe helped sink the premierships of Margaret Thatcher, John Major and David Cameron , and many of her politicians and party membership support a sharp break with the EU. Q: Are confidence and supply deals used elsewhere in the world? On a visit to Paris on Tuesday evening, where she met with French President Emmanuel Macron , May described the talks with the DUP as "productive".

Author: 0 Fed heading for faster-than-expected normalisation, says Fitch

Information received since the Federal Open Market Committee met in May indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year. Wall Street closed mixed Wednesday after the Federal Reserve made its second rate hike this year. The unemployment rate, at 4.3%, is at its lowest level since 2001.

Author: 0 Lonzo Ball Pokes Fun At His Father In New Commercial

Lonzo Ball doesn't have many fans. Whether Mr. Ball is just saying it for attention, or actually believes he and his son are the greatest father-son combo in basketball, it makes for great entertainment and possibly even better Foot Locker ads.

Finance Sensex, Nifty End Marginally Higher Led By Banks
Author: 0 Sensex, Nifty End Marginally Higher Led By Banks

The 30-scrip Sensitive Index ( Sensex ) on Wednesday opened on a higher note during the morning session of the trade. At 3 PM, the S&P BSE Sensex is trading at 31162 up 59 points, while NSE Nifty is trading at 9616 up 9 points. Asian markets remained mixed. Inflation based on the wholesale price index fell to a five-month low of 2.17 per cent in May which lifted the investor sentiment, brokers said.

Author: 0 Traders see no further Fed rate rises until next year

Fed officials expect the rate to decline to 4.2 percent next year. Fed officials lowered their forecast for unemployment rate for 2017 down to 4.3 percent, compared to 4.5 percent projection made in March , while their forecast for inflation rate in 2017 was revised down to 1.6 percent from their forecast of 1.9 percent in March, according to the economic projections released by the Fed on Wednesday.

Author: 0 Stock Volume Ramping Up Mid-Session: Emerson Electric Co. (NYSE:EMR)

Cable Hill Partners LLC now owns 6,155 shares of the conglomerate's stock worth $180,000 after buying an additional 1,708 shares during the last quarter. For RIG, analysts use beta value of 1.62 to measure all the time to get a sense of stocks' risk profiles and in same manners for second firm that has 1.19 times beta.

Author: 0 Chelsea 1st to visit Tottenham at Wembley in Premier League

One possibility is that the Southampton fixture will be reversed, with Slaven Bilic's side scheduled to visit St Mary's on March 31st, meaning that West Ham would play their first three games away from home. Chelsea will open the defence of their Premier League title at home to Burnley when the season kicks off on the weekend of August 12-13. Liverpool had a similar arrangement last season because of delays in the expansion of a stand at Anfield.

Author: 0 Gold Sees Gains Disappear as Fed Raises Interest Rates

Fed policymakers also released their latest set of quarterly economic forecasts , which showed only temporary concern about inflation and continued confidence about economic growth in the coming years. It's nowhere near the Fed's target of 2 percent, and if you can see any acceleration in this chart you have sharper eyes than me. If they vote to raise rates on Wednesday, it would give the Fed enough room to act again at their meetings scheduled for July, September, October or December.

Author: 0 Fed hikes key rate and unveils bond trimming plans

The Fed's rate hike, to a 1.0-to-1.25 percent range, comes as the economy gives off mixed growth signals, with gross domestic product expansion at a mere 1.2 percent in the first quarter but unemployment at a low 4.3 percent in May.

Author: 0 Celebrities React to Virginia Shooting at Congressional Baseball Practice

The House cancelled proceedings for the day. "Asking you to join me in prayer for @SteveScalise , @CapitolPolice , their staff & others at the Congressional baseball game practice this AM", Rep. Democratic Sen. Bernie Sanders says the man authorities identified as opening fire on the Republican congressional baseball practice had apparently volunteered on his presidential campaign.

Author: 0 PennTex Midstream Partners, LP (NASDAQ:PTXP) Receives An Update From Brokers

About 258 shares traded. BB&T Securities LLC boosted its position in EQT Midstream Partners, LP (NYSE:EQM) by 12.2% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. Catalyst Capital Advisors LLC raised its stake in Magellan Midstream Partners L.P.by 23.7% in the first quarter. Checking on shares of Polymet Mining Corp.

Finance Fed Raises Key Interest Rate For The Fourth Time Since 2015
Author: 0 Fed Raises Key Interest Rate For The Fourth Time Since 2015

At the depths of the recession, the Fed began buying Treasury and mortgage bonds to try to depress long-term loan rates. It was down a point to 2,439. The Committee now expects to begin implementing a balance sheet normalisation program this year, provided that the economy evolves broadly as anticipated.

Finance US consumer prices dip 0.1 percent in May
Author: 0 US consumer prices dip 0.1 percent in May

Shelter costs-which account for about a third of the overall price index-increased 0.2% on the month and rose 3.3% on the year. Analysts had expected no change to April's increase. Ulster Bank economist Richard Ramsey warned inflationary pressure is likely to continue during the rest of this year. There's no escaping the fact that the luxury of low inflation is well and truly over with prices of goods and services rising left right and centre and the shiny new pounds in our pockets will ...

Author: 0 I'd 100% Be Willing To Testify Under Oath To Rebut Comey

On Friday, Trump said Comey's testimony proved there was "no collusion, no obstruction" and that Comey is "a leaker ". When asked whether the president would be willing to speak under oath to his version of those events, Trump said, "100 percent".

Finance Stocks, dollar firm ahead of Fed decision
Author: 0 Stocks, dollar firm ahead of Fed decision

The yield on the 10-year Treasury ticked higher following the announcement, rising to 2.133% from 2.10% earlier today data showed a negative turn for consumer price inflation and retails sales. Many economists have been anticipating one more interest rate increase from the Fed before the end of 2017 and will be looking for confirmation of that strategy.

Finance Federal Reserve boosts interest rate
Author: 0 Federal Reserve boosts interest rate

Afterward, committee members anticipate that the caps "will remain in place once they reach their respective maximums so that the Federal Reserve's securities holdings will continue to decline in a gradual and predictable manner until the Committee judges that the Federal Reserve is holding no more securities than necessary to implement monetary policy efficiently and effectively", the central bank said in an update to its so-called policy normalization principles .

Author: 0 Nets Run With Rumor Trump Is Looking to Fire Special Counsel Mueller

MARGARET BRENNAN: Republican leaders Mitch McConnell and Paul Ryan expressed support today for Robert Mueller , the special counsel investigating Russian election meddling and allegations of Trump campaign collusion. James Mattis, run America's wars. The White House on Monday night said that Ruddy did not speak for Trump but did not deny that Trump was weighing whether to let Mueller go.

Finance U.S. retail sales, consumer prices dip
Author: 0 U.S. retail sales, consumer prices dip

The Labor Department said consumer prices edged down 0.1 per cent last month following a small 0.2 per cent increase in April. Over the past 12 months, consumer prices are up 1.9 per cent while core inflation has risen 1.7 per cent.

Finance
Author: 0 "Teardown reveals the components that make 10.5" iPad Pro a formidable tablet

The iPad's new camera has an aperture upgrade from f/2.2 to f/1.8, and in fancy photography terms, that means you can take some killer selfies in low-light conditions. The iPad Pro 10 .5 was announced just one week ago, and already deals on the smallest of Apple's last generation Pro tablets are cropping up. To geek out just a hair, it adjusts the refresh rate of the screen between 24Hz and 120Hz on the fly.

Finance The Getty Realty Corp. (GTY) Rating Increased to Buy at ValuEngine
Author: 0 The Getty Realty Corp. (GTY) Rating Increased to Buy at ValuEngine

The company maintains price to book ratio of 1.53. Liberum Capital maintained it with "Hold" rating and GBX 835 target in Friday, January 15 report. The current consensus recommendation provided by covering analysts is 2.30. SLG's profit will be $167.05 million for 16.93 P/E if the $1.60 EPS becomes a reality. Equities research analysts forecast that Duke Realty Corporation will post $0.51 EPS for the current year.

Finance Fed Still Eyes One More 2017 Rate Rise, Trims Inflation View
Author: 0 Fed Still Eyes One More 2017 Rate Rise, Trims Inflation View

The vote was 8-1, with Minneapolis Fed President Neel Kashkari dissenting from a rate increase for the second time this year, preferring no change. It pointed to solid job gains, a lower unemployment rate, higher household spending and expanded business fixed investment.

Author: 0 OPEC May output highest since January

USA crude futures fell 4.6 percent, or $2.23 a barrel, to $45.96 a barrel, as of 11:18 a.m. EDT (1518 GMT). The nations exports to Indian buyers in June were set to decline by just over 3 million barrels, and supplies to Japan will drop by just under 1 million barrels this month, according to a Reuters' source.

Finance Amazon offers cash back for keeping your gift card topped up
Author: 0 Amazon offers cash back for keeping your gift card topped up

As seems the norm with Amazon , this new scheme is now USA limited (see the terms of the programme here , you need a United States bank account) but it seems possible that it may head across the pond. If you don't mind tying up your funds in an Amazon gift-card account, you can earn an extra 2 percent. The company effectively becomes your secondary bank, providing instant 2 percent interest every time you make a deposit (i.e.

Author: 0 Price Target Analysis Cabot Oil & Gas Corporation (COG)

Epoch Investment Partners Inc increased its stake in F5 Networks Inc (FFIV) by 11.36% based on its latest 2016Q4 regulatory filing with the SEC. Since January 24, 2017, it had 0 buys, and 12 insider sales for $25.49 million activity. This is a boost from Cabot Corporation's previous quarterly dividend of $0.30. Since May 5, 2017, it had 0 insider buys, and 1 insider sale for $90,136 activity.

Finance Fed Rate Hike: US Stocks Go Up, Stocks Come Down
Author: 0 Fed Rate Hike: US Stocks Go Up, Stocks Come Down

Investors will also be looking for any details on the Fed's plans to trim its $4.5 trillion balance sheet in the face of improving economic conditions. The decision lifted the USA central bank's benchmark lending rate by a quarter percentage point to a target range of 1.00 per cent to 1.25 per cent as it proceeds with its first tightening cycle in more than a decade.

Author: 0 Commodities: Crude veers heavily lower as Libya output surges

The U.S. West Texas Intermediate crude July contract was quoted up 0.13% to $47.72, while on the ICE Futures Exchange in London, Brent oil for August delivery was last quoted at $49.95 a barrel. Oil prices moved higher following the EIA inventories data on Thursday, but there was selling pressure above $49.00 p/b and prices retreated again late in the U.S.

Finance Fed raises key rate and unveils plan to reduce bond holdings
Author: 0 Fed raises key rate and unveils plan to reduce bond holdings

The Fed still foresees prices, as measured by a gauge tied to consumer spending, rising 2 percent in 2018 and 2019, achieving its target. Japanese shares closed slightly lower as investors stayed away from making bets ahead of the Fed's interest-rate decision due later today, the Bank of England meeting on Thursday and the BoJ's two-day policy review ending on Friday.

Author: 0 GOP official calls suit against Trump 'absurd'

As a result, the district is in a "unique position" to file legal claims over the emoluments clause, Racine said . He said Saudi Arabia alone has spent hundreds of thousands of dollars. The Trump organization has pledged to donate profits from foreign leaders to the Treasury. According to the publication, the prosecutors were concerned about the operation of the Trump International Hotel which opened previous year near the White House.

Author: 0 Rules to help defrauded students clear loans being revised

Education department spokespeople have expressed DeVos' commitment to protect students, but DeVos indicated early on that she was unlikely to enforce the rules. The Obama administration cracked down on for-profit chains such as The Corinthian Colleges and the ITT Technical Institute. Separately, 2,000 MA students who attended Corinthian Colleges, a for-profit chain that went bankrupt in 2015, also were eligible for loan discharges.

Author: 0 Heath Drewett Buys 7 Shares of WS Atkins PLC (ATK) Stock

Therefore 73% are positive. Boohoo.com Plc had 91 analyst reports since August 21, 2015 according to SRatingsIntel. Robert W. Baird has "Outperform" rating and $12 target. Franklin Res, California-based fund reported 156,642 shares. Susquehanna Intll Group Llp holds 99,198 shares or 0% of its portfolio. Primecap Ca has 0.02% invested in Centrica PLC (LON:CNA).

Finance Yahoo! CEO Marissa Mayer resigns after Verizon buyout
Author: 0 Yahoo! CEO Marissa Mayer resigns after Verizon buyout

We say appropriately because Oaths involve rather a lot of swearing, which is exactly what Yahoo has been for the last decade. According to the statement on Verizon's website, Armstrong is spearheading attempts to continue building the "industry's most advanced and open advertising technology solutions" with in-house brands such as ONE by AOL and BrightRoll.

Author: 0 Crude Oil Prices Fall Sharply, Very Negative Reaction To Inventories Data

Production outside Opec is expected to grow twice as quickly in 2018 as it will this year, with gains dominated by the USA in particular, according to the International Energy Agency's (IEA) oil market report . "Ongoing concerns about product demand is spooking the bulls, at a time that gasoline demand should be ratcheting up and driving on bigger crude draws".

Author: 0 Timeline of Otto Warmbier's saga in North Korea

The State Department denied any connection between Warmbier's release and Rodman's visit, which the Trump administration said it did not authorise. Before his trial, Warmbier had said he tried to steal a propaganda banner as a trophy for an acquaintance who wanted to hang it in her church.

Finance Oil prices fall on OPEC output increase, rising US crude stocks
Author: 0 Oil prices fall on OPEC output increase, rising US crude stocks

Still, supplies outside OPEC will grow even faster, by nearly 1.5 million barrels a day, with about half the expansion coming from US crude production. The market's weakness can be seen in technical activity surrounding Brent crude, where the 50-day moving average fell through the 200-day moving average on Monday, an indicator of a near-term weakening trend also known as a "death cross".

Author: 0 Door open for United Kingdom till Brexit negotiations are done: French President Macron

Priorities include looking into encrypted communication platforms used by extremists to evade security forces and new laws to impose penalties on online companies which fail to remove offensive content. France and Britain, two countries hit hard by terrorist attacks, will consider the creation of new legal sanctions for companies if they fail to remove content that is deemed unacceptable, May said.