Finance


Fed Leaves Rates Unchanged as 3 Members Dissent
- September 25, 2016

ANALYST'S TAKE: The Fed said the case for a rate hike "has strengthened, but they will need more evidence of continued progress towards its objectives", said Margaret Yang of CMC Markets in a report. The Fed has held its target rate for overnight lending between banks in a range of 0.25% to 0.50% since December, when it raised borrowing costs for the first time in almost a decade. (more...)
Blac Chyna: Rob Kardashian does not want their daughter resembles her mother Blac Chyna: Rob Kardashian does not want their daughter resembles her mother
- September 25, 2016

In Sunday's upcoming episode of Rob & Chyna , the former stripper is bringing her main man to the Washington, D.C. The Rob and Chyna streaming is available on the E! website, so you can check it out there or tune into the network station directly. (more...)
Snapchat's New Glasses Can Capture Video
- September 25, 2016

He added,"It's one thing to see images of an experience you had, but it's another thing to have an experience of the experience". The Los Angeles company, valued at US$18 billion by investors this year, said it will change its name to Snap Inc., reflecting its larger ambitions. (more...)
BBC actors and stars earning more than £150k to have salaries published BBC actors and stars earning more than £150k to have salaries published
- September 25, 2016

The BBC has opposed detailed star pay disclosures, arguing this would give competitors a better idea how to poach top names. BBC director general Tony Hall said: "Our position on talent pay has not changed and all major broadcasters have questioned the merit of the proposal". (more...)
Chemical from 'Erin Brockovich' case found in water systems across US Chemical from 'Erin Brockovich' case found in water systems across US
- September 24, 2016

The study from the Environmental Working Group , a research and advocacy nonprofit, combined previously published EPA data with the health limit proposed by the California Office of Health Hazard Assessment to calculate that 218 million people nationwide, or some two-thirds of the population, are exposed to drinking water containing chromium 6 at concentrations above the recommended California limit. (more...)
BJP Urges Karnataka To Share More Cauvery River Water With Tamil Nadu
- September 24, 2016

Siddaramaiah has convened an all-party meeting in the evening, to be followed by an emergent cabinet, where the chief minister is likely to lay down the options and seek consensus. So, Shekhar, also Union water resources secretary, asked Karnataka to release 3,000 cusecs daily to Tamil Nadu from September 21 to 30. Even former CM HD Kumara-swamy questioned the rationale of staying in a federal set up if Karnataka was meted out injustice, time and again. (more...)
Tesla Sues Michigan, Challenges Law Requiring Dealer Sales Tesla Sues Michigan, Challenges Law Requiring Dealer Sales
- September 23, 2016

Tesla is asking for a declaratory judgment that Michigan's ban on direct-sales , which the carmaker claims "violates the Due Process, Equal Protection, and Commerce Clauses of the Constitution as applied to Tesla by prohibiting Tesla from selling its vehicles directly to consumers and by precluding Tesla from performing service and repairs within the State". (more...)
WTO ruling is big win for Boeing, Washington state aerospace workers WTO ruling is big win for Boeing, Washington state aerospace workers
- September 23, 2016

Maria Cantwell said in the statement with Froman and several other lawmakers from Washington state, where Boeing has major production facilities. Finally, when it came to the largest aircraft, the panel found that subsidies benefiting the A380 caused displacement or impedance of Boeing 747s in the EU, Australian Chinese, Korean, Singaporean and UAE markets, as well as lost sales of 54 Boeing aircraft, the USTR said. (more...)
Musk Plans to Unveil Solar Roof With Storage, Charger in October Musk Plans to Unveil Solar Roof With Storage, Charger in October
- September 23, 2016

First reports suggest that it's as big a change in the semiautonomous driving system as Tesla CEO Elon Musk had promised. Tesla CEO Elon Musk said the update also will allow customers to set a maximum temperature control system to help keep children and pets safe if they're left in the vehicle. (more...)
FOMC Rate Decision: Fed Leaves Interest Rates On Hold, 3 Members Dissent
- September 22, 2016

EDT. Yellen never mentioned Trump by name during the press conference. Atlanta Fed President Dennis Lockhart said last week there should be a "serious discussion" about a rate hike at this week's meeting, while San Francisco Fed President John Williams, seen as a close Yellen ally, said two weeks ago that he would prefer to raise rates "sooner rather than later". (more...)
OECD Sees Globalization Stalling as Weak Trade Hurts Economy OECD Sees Globalization Stalling as Weak Trade Hurts Economy
- September 22, 2016

Speaking to Brexit , the OECD report said: "While markets have since stabilised, sterling has depreciated by around 10 per cent in trade-weighted terms since the referendum. Hammond said in a statement. High nonperforming loans in some euro area countries continue to hold back growth prospects and the significant slack in the labor market remains amid few signs of inflation and wage pressures, the report said. (more...)
Leon Cooperman charged with insider trading Leon Cooperman charged with insider trading
- September 22, 2016

The stock which is allegedly been traded by Cooperman and his fund illicitly is Atlas Pipeline Partners ( APL ). Cooperman abused his access to executives as a large shareholder by trading on the confidential information, SEC Enforcement Director Andrew Ceresney said. (more...)
Airbus says US grants license for planes in Iran deal
- September 22, 2016

Hours later, its US rival Boeing BA.N , which had been behind Airbus in the line for permits because its matching deal for over 100 jets came six months later, said it had received a sales license and remained in talks with IranAir. That puts the value of the approved 17 aircraft in the first license around at least $18 billion and possibly much higher based on list prices, though buyers typically negotiate sizable discounts for bulk orders. (more...)
Tesla updates software to improve radar Tesla updates software to improve radar
- September 22, 2016

Recently, a Chinese man filed a lawsuit against Tesla , alleging that Autopilot malfunctioned in his son's auto and caused a serious crash that killed his son. He also added that she feels safer with the feature. The feature will remain on for up to 12 hours after the driver exits the vehicle, a Tesla spokesman said. (more...)
Exxon to pay $12M in pipeline spill — APNewsBreak Exxon to pay $12M in pipeline spill — APNewsBreak
- September 22, 2016

Almost every major oil and gas company has written down their reserves to better reflect the lower values when prices are down. Peers including Chevron Corp.CVX 0.04 % have lowered valuations by a collective $50 billion. Exxon has previously said that it relies on conservative estimates when booking asset values to ensure that projects can operate profitably even when commodity prices are low. (more...)
Trump tax plan may cost $1.5 trillion more than he says Trump tax plan may cost $1.5 trillion more than he says
- September 21, 2016

That makes a huge difference when it comes to revenue. Pass-through businesses' earnings are now taxed through the individual tax code rather than the corporate tax code. The top income tax rate for millionaires and billionaires would drop from 39.6% to 33% under the revised plan. Later he said of the new plan that the wealthy would end up paying more , while under his new plan, "Everybody's getting a tax cut, especially the middle class". (more...)
Clinton, Trump exchange hits over bombing response
- September 21, 2016

He said that USA leaders, including Obama, "coddle" potential terrorists, saying "we can't let any more people come into this country" amid calls for increased racial profiling. And you know what, that's OK with me. "Optimism, not resentment. Answers, not anger". "When I hear folks saying that they don't feel inspired in this election, well let me tell you, I disagree. (more...)
Tribes granted permit for pipeline protests on corps land
- September 21, 2016

Barrasso's office first said they needed other senators to also request the hearing, but then said that Barrasso "has other priorities". The Dakota Access Pipeline is a $3.78 billion United States dollars (approximately £2.90 billion GBP) infrastructure project that will transport around 450,000 barrels of domestically produced light sweet crude oil per day from the Bakken and Three Forks production areas in North Dakota to Patoka, Illinois, through a 1,172-mile, 30-inch diameter pipe. (more...)
Matt Damon brutally teases Jimmy Kimmel over his Emmy loss Matt Damon brutally teases Jimmy Kimmel over his Emmy loss
- September 20, 2016

When Bush asked Kimmel if he was nominated, and Kimmel said yes, Bush said, "Wow, what's THAT like?" During one pause in the trophy conveyor belt, Kimmel managed to make a freakish moment of things rarely combined — peanut-butter-and-jelly sandwiches, the TV show " Stranger Things " and O.J. (more...)
Entire Seattle high school football team took a knee during national anthem Entire Seattle high school football team took a knee during national anthem
- September 20, 2016

Half a dozen players from West Seattle , Garfield's opponent, knelt as well. Outside their locker room on Friday, some of the team leaders told KRON4 about how they had been having a conversation on the bus about racial injustices and about the symbol Kaepernick has become with his silent protests. (more...)
1 of 5 devices near train station explodes; no injuries
- September 20, 2016

In the course of rendering one of the devices safe, it detonated. One of the bombs inside the backpack detonated as a robot investigated the device. Chris Bollwage, the Mayor of Elizabeth, confirmed that the suspicious package contained "an explosive device" and "could have hurt a lot of people". (more...)
FDA Oks 1st muscular dystrophy drug; awaits proof it works FDA Oks 1st muscular dystrophy drug; awaits proof it works
- September 20, 2016

Moving forward, FDA said it is requiring Sarepta (company's stock increased in value by more than 80% as of Monday morning and the company also won a rare pediatric priority review voucher as a result of the approval ) to conduct a clinical trial to show that the drug preserves motor function, with eteplirsen being compared to placebo. (more...)
National Football League punishes Seahawks with fines, loss of draft pick
- September 20, 2016

Due to excessive contact during the Seahawks' organized team activities on June 6, 2016, the National Football League has passed down punishment to the team Monday, including heavy fines and the loss of a draft pick. This is the second time the Seahawks have been penalized by the league for violating offseason workout protocols. The violation occurred from an OTA session on June 6. (more...)
Hillary Clinton Returns To The Campaign Trail After Illness
- September 20, 2016

The incident prompted fresh questions about both candidates' openness regarding their health. After Clinton's bout with pneumonia was disclosed, health became a major topic of the campaign because Trump is 70 and Clinton will be 69 next month. (more...)
Central government hospitals to reserve beds for dengue, chikungunya Central government hospitals to reserve beds for dengue, chikungunya
- September 18, 2016

Rawat, Secretary General, Assocham. In his letter to Mr. Nadda, the Delhi Minister said the State government was putting in all efforts to coordinate with the Union Health Ministry to tackle the dengue and chikungunya outbreak. Ever since the first death due to "chikungunya complications" was reported, there has been a debate as to whether chikungunya can prove fatal or not. (more...)