Finance


Fed to cut bond holdings
- September 23, 2017

September's meeting is key because the Federal Reserve is expected to announce plans to unwind its massive $4 trillion balance sheet - a formal process for tightening monetary policy. The question of when and how the Fed will manipulate its main policy lever - its target for short-term rates - in coming months is less clear. That's the point at which its benchmark rate is neither stimulating economic growth nor restraining it. (more...)
This Walmart Heiress Is Now the World's Richest Woman This Walmart Heiress Is Now the World's Richest Woman
- September 22, 2017

Walmart heiress Alice Walton has become the world's richest woman following the death of Liliane Bettencourt , the heiress to the L'Oréal cosmetic company. "She personally contributed a lot to its success for very many years". Her husband, who died in 2007, had been a member of a French fascist group during the war but sought forgiveness from the Jewish community in its aftermath. (more...)
SK hynix keeps mum on Toshiba deal SK hynix keeps mum on Toshiba deal
- September 21, 2017

Western Digital's exclusion from the deal and worsening relationship with Toshiba may undermine a $15.8 billion bet on the market it made past year in buying SanDisk Corp.to gain access to manufacturing of the chips that are overtaking its computer storage business. (more...)
Equifax CEO says company 'will make changes' after security breach Equifax CEO says company 'will make changes' after security breach
- September 14, 2017

Users on Twitter report trying again and again to secure credit freezes , with both the website and phone systems failing. Outrage over the incident, and ensuing confusion, is building quickly. The scope of the hack suggests they walked into the house and cleaned out every room. ∙ Based on information out of Alabama where a hacker used a person's compromised information in an attempt to trick a retirement broker into gaining access to a client's account, we strongly advise that you ... (more...)
US Dollar Bid and Safe Haven Currencies Offered US Dollar Bid and Safe Haven Currencies Offered
- September 13, 2017

All 11 major S&P 500 sectors rose, led by financial stocks, with insurers advancing as Irma, once ranked as one of the most powerful hurricane recorded in the Atlantic, lost power. CURRENCIES: The euro was down 0.2 percent at $1.1930 while the dollar rose 0.4 percent to 109.83 yen. In New York, the Dow Jones industrial average soared 259.58 points to 22,057.37. (more...)
Sterneck Capital Management LLC Cuts Holdings in Coca-Cola Company (The) (KO) Sterneck Capital Management LLC Cuts Holdings in Coca-Cola Company (The) (KO)
- September 12, 2017

Voya Infrastructure Industrls & Mtrls Fd (IDE) has 0.00% since September 11, 2016 and is. It has outperformed by 9.64% the S&P500. Greatmark Investment Partners Inc increased Coca (KO) stake by 36.46% reported in 2016Q4 SEC filing. 0 funds opened positions while 1 raised stakes. Dearborn Limited Liability Corporation holds 1.7% or 491,064 shares. The company has market cap of $293.29 million. (more...)
United States ousts Pak's biggest bank over terror link concerns United States ousts Pak's biggest bank over terror link concerns
- September 09, 2017

The regulator has now ordered Habib Bank to pay $ 225 million (around Rs 1,400 crore) and surrender its license to operate in the state, Bloomberg reported. Habib Bank claimed on Thursday that the fine and the closure of its NY operations would have no impact on its businesses in other countries. In another instance, the DFS reported that the Habib handled payments involving individuals wanted by USA authorities, including an individual suspected of cybercrime and a Chinese weapons ... (more...)
Flipkart, Amazon ready their battle rooms for the big sales season Flipkart, Amazon ready their battle rooms for the big sales season
- September 09, 2017

The Bengaluru-based firm sold 15.5 million products during last year's BBD. The first salvo has already been fired by Flipkart , which has announced its flagship sale Big Billion Days starting from September 20 to 24. "Both companies have had their smartphone-exclusive offerings. You can not completely walk away from discounting, but the overall offering is what makes it a very compelling offer for the customer to buy on Flipkart ", added Ravichandran. (more...)
Govt unveils rules to tackle unruly behaviour by passengers in flights Govt unveils rules to tackle unruly behaviour by passengers in flights
- September 09, 2017

Meanwhile, the Directorate General of Civil Aviation ( DGCA ) confirmed that the unruly behaviour by the passengers are divided into three levels and under these levels, passengers can be banned for over two years depending upon the level of misdemeanour. (more...)
Questioning Foreignness Is Like Being In La La Land, Says Raghuram Rajan Questioning Foreignness Is Like Being In La La Land, Says Raghuram Rajan
- September 09, 2017

Rajan's comments came during an interaction with media during the launch of his book, " I Do What I Do - On Reform, Rhetoric and Resolve" here after it was released in Chennai and New Delhi during this week. The former governor of the Reserve Bank of India (RBI) Raghuram Rajan said on Thursday that India needs to propel its economy soon to provide work to the country's unemployed. (more...)
Fed Vice President Fischer resigns Fed Vice President Fischer resigns
- September 07, 2017

Fischer, 73, cited the Federal Reserve's work to stabilize the USA financial system in the wake of the global 2008 financial crash. Quarles' nomination is still pending before the Senate. Reports have indicated that Yellen and Trump's chief economic advisor Gary Cohn, formerly the president and COO at Goldman Sachs (GS), are the top two candidates for the role. (more...)
Kylian Mbappe excited by 'extraordinary' chance to play with Neymar at PSG Kylian Mbappe excited by 'extraordinary' chance to play with Neymar at PSG
- September 07, 2017

Wenger explored the possibility of a deal for the 18-year-old early in the summer, when it was widely reported the pair held a three-hour meeting in the French capital. "I used to come to this stadium when I was a boy to watch games". "I informed the club by e-mail and advised that we do not accept the situation". (more...)
Japan, UK to hike pace of sanctions against N. Korea Japan, UK to hike pace of sanctions against N. Korea
- September 05, 2017

In the immediate aftermath of her party's failure to win June's general election outright, several MPs called on her to consider her position. He said: "I think colleagues may well be surprised by this interview last night and I think it is too early to be talking about going on and on, as Margaret Thatcher once said". (more...)
Germany 2-1 Czech Republic Germany 2-1 Czech Republic
- September 05, 2017

Northern Ireland remained five points back in second place, though they were forced to wait 70 minutes to find a breakthrough in a 3-0 win at San Marino . Mexico City: Mexico became the fifth team to guarantee their place at the 2018 World Cup on Friday. "We simply made too many mistakes", said the Bayern Munich star. (more...)
Colonial Pipeline Partially Shuts Down
- September 04, 2017

Since Harvey hit last week, North Carolina has seen gas prices jump 18 cents. Colonial, which in normal times supplies more than three million barrels of fuel a day, was the second major pipeline network to announce it was closing. Department of Energy said. The U.S. average price for a gallon of regular gasoline rose from about $2.35 a week ago to $2.45 now, AAA reported . Concerns over fuel shortages ahead of the U.S. (more...)
Decision to withdraw Darjeeling stir brings GJM rift to the fore Decision to withdraw Darjeeling stir brings GJM rift to the fore
- September 01, 2017

Meanwhile, President of the party Bimal Gurung, who is on the run, in an audio spoken in Nepali, said, "The bandh will continue as Chief Minister Mamata Banerjee has already said that she has no constitutional power, why wait for September 12th". (more...)
SC couple starts class action lawsuit against Amazon over eclipse glasses SC couple starts class action lawsuit against Amazon over eclipse glasses
- September 01, 2017

Solar Eclipse was a great opportunity for anyone looking to make quick bucks and given the high number of sellers offering the glasses, it sure would've been hard for the company to verify as many products but that doesn't make up for a valid excuse. (more...)
Hurricane could impact gas prices Hurricane could impact gas prices
- August 31, 2017

Indiana, Ohio, Florida and MI saw the largest week-over-week price jumps. A year ago at this time, the average price was $2.11 in the Bay State. QuickTrip and Spinx have raised their prices at some of their stations substantially overnight to $2.25 for a gallon of unleaded fuel, according to Gas Buddy. (more...)
Hurricane Harvey's Continued Affect On Gas Prices Hurricane Harvey's Continued Affect On Gas Prices
- August 31, 2017

This price rise has put the average cost of gasoline in Bulloch County at $2.28 per gallon, according to the Gasbuddy website. AAA also noted that while Harvey is hammering Texas, another storm is heading up the East Coast and will likely turn in to "Tropical Storm Irma, which is projected to hit SC late Monday". (more...)
Michigan Coast Guard Sending Help To Texas Following Hurricane Harvey Michigan Coast Guard Sending Help To Texas Following Hurricane Harvey
- August 31, 2017

They will first head to Mobile, AL and from there, they will be further deployed to impacted areas in Texas. The Coast Guard in CT is beginning to mobilize to help in the federal response to the enormous devastation caused by Hurricane Harvey, which has dropped to tropical storm strength but continues to pound Texas with massive amounts of rainwater and threatens Louisiana. (more...)