Finance


Senate Takes First Step to Pass Bill Overhauling Dodd-Frank Senate Takes First Step to Pass Bill Overhauling Dodd-Frank
- March 08, 2018

Lobbyists have been pushing in recent days for tweaks to the bill that would make it more favorable to big banks, but Senate Democrats have insisted that they will oppose anything that is a giveaway to banking giants such as Citigroup , JPMorgan Chase & Company and Goldman Sachs . (more...)
BJP fields 8 Ministers for RS polls, Jaitley from UP BJP fields 8 Ministers for RS polls, Jaitley from UP
- March 08, 2018

Telangana Rashtra Samithi (TRS) members sought an increase in the job quota in the state beyond 50 per cent. Amid the din, Speaker Sumitra Mahajan asked Shiv Sena member Anandrao Adsul to speak on his demand. The TDP and AIADMK members were also raising their demands. Amid slogans by the Opposition like "Nirav Modi wapas lao" (bring back Nirav Modi), Deputy Chairman P.J. (more...)
Washington Net Neutrality Bill Signed Into Law, Oregon On Deck Washington Net Neutrality Bill Signed Into Law, Oregon On Deck
- March 07, 2018

The FCC's Restoring Internet Order rolling back the rules against blocking, throttling and paid prioritization also said it preempted state attempts to re-impose them, but it is unclear how that applies to state contracts. The states' objectives were to block a federal rollback of Obama-era net neutrality rules. The law, which will take effect in June, does not allow internet service providers to slow down service to some customers, block lawful sites or organizations or degrade lawful ... (more...)
Nokia 9, Nokia 8 Pro to reportedly launch later this year Nokia 9, Nokia 8 Pro to reportedly launch later this year
- March 07, 2018

Meanwhile, the Nokia 9 is going to be powered by the Snapdragon 845 as well, and going by Nokia's naming scheme, it's likely the more premium smartphone compared with the Nokia 8 Pro. While both phones are said to sport similar specifications such as Snapdragon 845 SoCs, and the Nokia 9 might pack some upgraded features like Penta-lens camera setup. (more...)
SpaceX launches 50th Falcon 9 mission, carrying its biggest payload ever SpaceX launches 50th Falcon 9 mission, carrying its biggest payload ever
- March 07, 2018

A similar launch was successful when SpaceX had sent 4,800 pounds of payload into the orbit towards the worldwide space station. Communications satellites are often placed into geostationary orbits - approximately 37.5km from the surface of the Earth - and remain at a fixed position which satellite antennas can point at. (more...)
Michelle Wie bounces back from injury to lift Women's World Championship Michelle Wie bounces back from injury to lift Women's World Championship
- March 06, 2018

She's now second on the money list behind Jin Young Ko with $277,480 and fourth in scoring (69.00). It's that winning putt that makes you practice for hours and hours and hours, and even the hard times, it gets you going back. So she (Wie) dropped the bomb on the last. Teeing off in the penultimate flight of the day, and four shots behind overnight leader Nelly Korda, the Hawaiian maintained pressure on the leaders with birdies on holes 2, 4, 8, 10, 13, and 14 before producing the shot of ... (more...)
Oil prices rise on forecasts for growing demand, OPEC concerns
- March 06, 2018

Increases in US production alone will cover 80 percent of the world's demand growth in the next three years - with Canada, Brazil and Norway covering the rest, the report said . U.S. West Texas Intermediate (WTI) crude CLc1 was virtually flat at $61.23 per barrel. The IEA says rail shipments are expected to return to around the 170,000-barrel-a-day level in 2020 assuming Enbridge Inc. (more...)
E-commerce giant Amazon considers offering checking account E-commerce giant Amazon considers offering checking account
- March 06, 2018

It said Amazon Pay allows consumers to pay for products on third-party sites without reloading their credit card information. "Apple has a relationship with a number of banks, using their payment systems, but clearly, Apple is not in the banking business". (more...)
USA indices end lower to end multi-month win streak USA indices end lower to end multi-month win streak
- March 06, 2018

General Motors ( GM.N ) was down 1 percent. The Dow Jones industrial average fell 306, or 1.2 per cent, to 24,302, and the Nasdaq composite dropped 35, or 0.5 per cent, to 7,144. Federal Reserve chair Jerome Powell, in his debut testimony to Congress on Wednesday, struck a mildly hawkish tone, noting inflation had risen since December and vowing to prevent the economy from overheating. (more...)
Secretary of Commerce, Secretary of Commerce, "No exemptions on tariff measures".
- March 05, 2018

European Commission President Jean-Claude Juncker said Friday that the European Union would have to respond with its own tariffs on USA products if Trump imposes tariffs on European steel. Well, in our sized economy , that's a tiny, tiny fraction of 1 percent". A spokesperson for the company told Business Insider that the tariffs are misguided and will end up causing price increases for United States consumers. (more...)
Cisco Returns to Growth and Hurls Cash at Shareholders Cisco Returns to Growth and Hurls Cash at Shareholders
- March 05, 2018

Fifth Third Bankshares owns 2.25M shares. Braun Stacey invested in 0.02% or 8,050 shares. Lord Abbett Com Limited Liability owns 0.71% invested in Cisco Systems , Inc. will post 2.23 earnings per share for the current fiscal year. Baker Boyer Retail Bank holds 1.21% of its portfolio in Cisco Systems, Inc . Analysts suggested mean rating of 2.30, according to Finviz. (more...)
Turbulence on flight was so bad that everyone threw up Turbulence on flight was so bad that everyone threw up
- March 05, 2018

The extreme bumpiness of the flight, thanks to the particularly nasty storm, gave passengers and crew an upset stomach. High winds caused a pretty bumpy descent, and "pretty much everyone on the plane threw up", according to the National Weather Service's official aircraft report. (more...)
Markets fret over trade war after Trump's tariff vow Markets fret over trade war after Trump's tariff vow
- March 04, 2018

Companies in the S&P 500 got 43 percent of their sales from outside the United States in 2016, according to the most recent data from S&P Dow Jones Indices. Europe has drawn up a list of US products from bourbon to Harley Davidson motorbikes on which to apply tariffs if Trump carries out his plan, European Commission President Jean-Claude Juncker said. (more...)
UNITE Group (UTG) Earns "Buy" Rating from Peel Hunt
- March 04, 2018

Morgan Stanley (NYSE:MS) has risen 57.08% since March 1, 2017 and is uptrending. It has outperformed by 22.96% the S&P500. In a report released on Thursday, 1 March, Stv Group (LON:STVG) stock had its Buy Rating reconfirmed by stock analysts at numis. (more...)
Glasgow Airport delay runway opening time as snow suspends flights Glasgow Airport delay runway opening time as snow suspends flights
- March 04, 2018

The airfield was still mostly in business although bosses were forced to divert some flights to land at other airports. "Staffing across our partners remains an issue but we are deploying 4x4s to ensure vital staff can get to the airport". (more...)
Almost a third of Uber drivers are actually losing money, study shows Almost a third of Uber drivers are actually losing money, study shows
- March 04, 2018

The study found that because of the high costs of insurance, fuel, and auto maintenance, 74 percent of ride-share workers make below minimum wage in their respective states, and 30 percent actually lose money on their jobs. For tax purposes, the government allows drivers to take a standard deduction of $0.54 per mile. It's estimated that there are more than 1.5 million Uber drivers in the world . (more...)
Best Buy is closing 250 mobile stores in the US Best Buy is closing 250 mobile stores in the US
- March 04, 2018

The retailer said it will continue to sell mobile phones through its big box stores and online. "We feel good about the opportunity to retain customers and transition them to another one of our sales channels", Joly wrote in the letter. With a windfall tied to lower corporate tax rates, the retailer handed out bonuses of $1,000 to full-time employees and $500 to part-timers, many of them front-line workers at its stores. (more...)
Samsung Galaxy S9+ bags the top spot on DxOMark Samsung Galaxy S9+ bags the top spot on DxOMark
- March 04, 2018

According to the latest announcement by Sprint, customers can choose to trade-in one of the eligible phones and get the Galaxy S9 without any upfront payment. It uses a f/1.5 aperture in low light situations and switches to a f/2.4 aperture when there's more light. Both the phones support a Super Slo-mo mode allowing you to shoot 6-second 960fps super slo-mo videos, something on the lines of what Sony offers in phones like the Xperia XZ Premium. (more...)
Asian Stocks Fall as Traders Await Powell Hearing: Markets Wrap Asian Stocks Fall as Traders Await Powell Hearing: Markets Wrap
- March 04, 2018

Asked by Carolyn Maloney , a Democratic Congresswoman from NY, about the likely number of rate increases this year, Mr Powell said his confidence about inflation had risen since the Fed's December forecasts. However, there are fears that over the longer term the ultra-low interest rates since the global financial crisis of 2008 may leave the Fed without sufficient fire power to combat any significant downturn in the United States economy, and so it should start raising rates now. (more...)
Should more companies join NRA boycott in wake of Parkland massacre?
- March 04, 2018

Anupam Jena, the study's senior author and an associate professor of health care policy at Harvard Medical School. If that were the case, the researchers expected that the gun injury rate would hold stable or even rise during NRA conventions, when thousands of very experienced and heavy gun users were holed up in meetings. (more...)
Changes DICK's, Walmart and other companies have made since Fla. school shooting Changes DICK's, Walmart and other companies have made since Fla. school shooting
- March 03, 2018

Currently, FedEx offers shipping discounts to members of the NRA. The "valuable 5-star benefits" promised include not just a subscription to an NRA magazine and a gun-owner liability protection policy but also savings on insurance, identity theft protection, hearing aids, vehicle rentals, moving vans, shipping, and even wine. (more...)
Passenger suffers burns after cell phone catches fire on plane Passenger suffers burns after cell phone catches fire on plane
- March 03, 2018

The make and model of the phone was not made public. He said staff immediately snapped into action, extinguishing the fire and calling for any medical professional aboard to come and help. CTV News has not confirmed the details about the device. A video posted to social media by passenger Brandon Scott shows firefighters walking down the aisle toward the back of the plane. (more...)
Amazon is acquiring doorbell videocamera startup Ring Amazon is acquiring doorbell videocamera startup Ring
- March 02, 2018

Ring makes a smart doorbell system that has motion sensors and video stream features. Ring said in statement, we'll be able to achieve even more by partnering with an inventive, customer centric company like Amazon . The addition of Ring, which has about one million customers, could help boost adoption of Amazon Key and, in turn, the AmazonFresh food delivery service , which is available in London , as well as some USA states, Tokyo, Berlin, Hamburg and Munich. (more...)
North Korea Condemns Sanctions, But Seen Open To Talks With US North Korea Condemns Sanctions, But Seen Open To Talks With US
- March 02, 2018

Kim Yong Chol also met Moon's top aides including national security adviser Chung Eui-yong on Monday as conservative demonstrators denounced his presence in the South. North Korea sent around 500 people to the Olympics, including officials, athletes, artists, journalists and 229 cheerleaders who amused spectators with their synchronized routines and songs. (more...)
Jet City Roots: Everett's Shared History with Air Force One Continues Jet City Roots: Everett's Shared History with Air Force One Continues
- March 02, 2018

Meanwhile, the White House is claiming that this new deal has savings worth over $1 billion from the original estimate of $5 billion. The deal reportedly saves taxpayers $1.4 billion, as estimates for two new Air Force One planes and subsequent costs came in at more $5 billion. (more...)