Finance


Jared Kushner's security clearance has been restored Jared Kushner's security clearance has been restored
- May 24, 2018

Career officials approved the clearance following the background check, the newspaper reported . The person who spoke about Kushner's security clearance insisted on anonymity to discuss the process. White House officials have blamed the delay in Kushner receiving his security clearance on administrative backlogs normal to a new administration, as well as the complicated nature of his application. (more...)
Ariana Grande observes one-year anniversary of Manchester attack Ariana Grande observes one-year anniversary of Manchester attack
- May 23, 2018

They included the Manchester Survivors Choir, made up of people who were at the arena on the night of the fateful concert last May 22, and Parrs Wood High School's Harmony Group, whose post-attack tribute went viral previous year. Daren Buckley, who is in Manchester Survivors' Choir, said he had found comfort in singing, but that his recovery was far from complete . We have at times become complacent to the evil of terrorism in some parts of our community; this is not good enough we should ... (more...)
AT&T to sell the Red Hydrogen One phone beginning this summer AT&T to sell the Red Hydrogen One phone beginning this summer
- May 18, 2018

Nevertheless, if you're sold on the hype and didn't get your pre-order in before the deadline closed, you'll be happy to learn that the nation's two largest wireless providers - Verizon and AT&T - will both be carrying the Red Hydrogen One . (more...)
Lyft also ends arbitration policy for sexual assault claims Lyft also ends arbitration policy for sexual assault claims
- May 16, 2018

The ride-hail giant, whose new CEO, Dara Khosrowshahi , has sought to rehabilitate its image, has come under attack over its enforcement of the arbitration clause and its confidentiality provision, buried in the terms of service on the Uber app. (more...)
Slovenian Manufacturer Unveils eVTOL Concept at Uber Elevate Slovenian Manufacturer Unveils eVTOL Concept at Uber Elevate
- May 13, 2018

Meanwhile, Uber is using the Elevate summit to showcase some concepts of its flying taxis . Uber is in the midst of its " Uber Elevate " summit in Los Angeles , the same conference, held a year ago in Dallas , at which the company first announced its air taxi initiative. (more...)
Bank of England maintains policy rate Bank of England maintains policy rate
- May 12, 2018

After the financial crisis rocked the framework of monetary policy, rate setters took to giving "forward guidance" to steady the ship, but the recent experience of British and Japanese central banks suggests it doesn't guarantee a smooth journey. (more...)
Elon Musk's first traffic busting tunnel under LA is nearly complete Elon Musk's first traffic busting tunnel under LA is nearly complete
- May 12, 2018

In recent news, the PayPal founder posted a video on Instagram showing one of the rail systems in action. He said the public will be offered free rides on the Loop service in the upcoming months, if the company receives regulatory approval. (more...)
United States shopper costs rose a modest 0.2 % in April United States shopper costs rose a modest 0.2 % in April
- May 11, 2018

The yield on 10-year Treasuries sank four basis points to 2.96 percent, the biggest tumble in two weeks. Excluding the volatile food and energy components, the CPI edged up 0.1 percent after two successive monthly increases of 0.2 percent. (more...)
RBS agrees 'milestone' £3.6bn U.S. fine over subprime lending RBS agrees 'milestone' £3.6bn U.S. fine over subprime lending
- May 11, 2018

Of the $4.9bn, $3.46bn will be covered by existing provisions, with an incremental charge of $1.44bn in the second quarter of 2018, a statement from RBS said. In a statement, RBS said the proposed settlement is subject to the DOJ and RBS entering into a legally-binding agreement, "and there can be no assurance that the parties will agree on the final terms of any proposed settlement". (more...)
Pound Declines As BoE Holds Rate Steady, Cuts Growth Forecasts Pound Declines As BoE Holds Rate Steady, Cuts Growth Forecasts
- May 11, 2018

That reflects the soft growth seen at the start of the year. A May rate rise had been described as a done deal following the MPC's last meeting in March. The bank said recent reports of sluggish economic activity were enough to convince the majority of MPC members to keep rates on hold. Policymakers are not likely to take hikes off the table this year, as some forecasts have attached credence to. (more...)
Revise Iran nuclear deal: Arab League
- May 10, 2018

The government approved a national policy for its atomic energy programme on Tuesday, including limiting all nuclear activities to peaceful purposes, within the limits defined by worldwide treaties. "We need to assess first the impact if there is any, in terms of disruption, in terms of a reduction of Iran´s production", the OPEC source said on Wednesday. (more...)
Reports Indicate Walmart is Ready to Acquire Flipkart Reports Indicate Walmart is Ready to Acquire Flipkart
- May 09, 2018

Amazon was too on the list of potential buyers and offered a deal for Flipkart. Son's Vision Fund paid $2.5 billion for the stake in the Singapore registered firm that primarily operates in the Indian e-commerce market. Citing sources, the report added that these investors might have the option of selling their stake to the brick-and-mortar behemoth at a later date at the same valuation as the current deal on the table. (more...)
Laurent Koscielny Sends Emotional Message to Arsenal Fans Following Injury Laurent Koscielny Sends Emotional Message to Arsenal Fans Following Injury
- May 09, 2018

Departing Arsenal manager Arsene Wenger is adamant under-fire playmaker Mesut Ozil will prove a "good investment" after the club made a significant financial outlay in convincing him to sign a new contract. "Overall I would say I want to finish with two wins and that's why I will go to Leicester tomorrow giving absolutely everything to win the game". (more...)
Retired Prison Guard Eats His 30000th Big Mac Retired Prison Guard Eats His 30000th Big Mac
- May 07, 2018

Naturally, he's featured in Morgan Spurlock's 2004 film Super Size Me , in which he estimated that "90 percent of [his] solid diet is probably Big Macs". Over the past 44 years, Gorske has only gone eight days in total without consuming a Big Mac. Gorske also collects mementos of his Big Mac orders. (more...)
HSBC Q1 profit misses estimate, unveils $2-bn share buyback HSBC Q1 profit misses estimate, unveils $2-bn share buyback
- May 05, 2018

Among HSBC's main four business lines, profit from retail, commercial and private banking rose, while earnings at the investment banking fell, largely because of a 10% drop in revenue from trading. They are due to present their new strategy at or before their interim results in early August. HSBC's revenue rose, however, to USD13.71 billion from USD12.99 billion the prior year and from USD12.30 billion in the last quarter of 2017. (more...)
Southwest flight makes emergency landing due to broken window Southwest flight makes emergency landing due to broken window
- May 05, 2018

The airline was trying to make arrangements to get the 76 passengers to Newark on another plane . Bank executive Jennifer Riordan , 43, of Albuquerque, was killed when she was almost sucked out of the plane. None of the 81 passengers on the plane was injured and Southwest said its pilots did not request an emergency landing. There was no depressurization in the cabin, and therefore the oxygen masks were not deployed, FAA spokesman Greg Martin said. (more...)
Unbreakable Kimmy Schmidt: Season Four; Netflix Releases Final Season Teaser & Photos Unbreakable Kimmy Schmidt: Season Four; Netflix Releases Final Season Teaser & Photos
- May 05, 2018

Deadline is reporting that the popular Netflix series will be ending after the upcoming fourth season, which premieres on May 30th. Created by Fey and Robert Carlock , " Kimmy Schmidt " follows its titular character when she is rescued from a doomsday cult and endeavors to start her life over again in a modern-day New York City, despite having very little understanding of how much society has changed since she last saw it. (more...)
White House Counsel Don McGhan expected to leave Trump administration White House Counsel Don McGhan expected to leave Trump administration
- May 05, 2018

Trump and he had discussed disclosing Trump's repaying Cohen, and "he was well aware that at some point when I saw the opportunity, I was going to get this over with", Giuliani added. On Tuesday, Trump said it was "disgraceful" that a list of proposed questions drafted in response to Mueller's negotiations with the legal team was "leaked" to the news media. (more...)
Ex-Volkswagen CEO Winterkorn charged in US over diesel scandal Ex-Volkswagen CEO Winterkorn charged in US over diesel scandal
- May 04, 2018

The former boss of Volkswagen , Martin Winterkorn , has been charged by United States prosecutors with conspiring to defraud the USA by misleading regulators over the dieselgate scandal . According to court documents filed in a district court in Detroit, he and a number of other executives are accused of misleading regulators. But, the indictment said, he continued to "perpetrate the fraud and deceive US regulators". (more...)
Facebook glitch: Is this cat picture hate speech? Facebook glitch: Is this cat picture hate speech?
- May 03, 2018

Facebook said it was "an internal test" and that a bug caused it to accidentally launch publicly. The company has halted the internal test as well, according to the spokesman. Almost all ISIS and al Qaeda content that is removed from Facebook is flagged before "any human sees it", he claimed. 'Hate speech, I am optimistic that over a five to ten year period we'll have AI tools that can get into some of the nuances, the linguistic nuances of different types of content to be more accurate ... (more...)