Economy

Fed Holds Rates Steady, Expects Pick Up in 2017 Growth

The majority of the Fed's 17 leaders predict two or more rate hikes for the rest of the year. GDP grew at an annual rate of 0.7% in the first quarter - the slowest rate since the first quarter of 2014. The jobless rate has fallen to a level officials see as consistent with their maximum-employment mandate, and inflation is closing in on the Fed's 2 per cent goal. Read More

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GOOGL) continues to beat expectations — Alphabet Inc(NASDAQ

The profit by Alphabet beat estimates on Wall Street and rose by 29% to end at $5.43 billion. "They are the dominant force in digital advertising". Google has long trailed Amazon.com and Microsoft in the burgeoning market for cloud computing. Speaking on an analyst call following the results announcement, Alphabet CEO Sundar Pichai said Google had been on a charm offensive. Read More

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Oil price tumbles on fears of oversupply

The deterioration in sentiment also carried through to the currency market. The "environment remains hard", Rosneft Chief Executive Officer Igor Sechin said in an emailed statement. "What we've seen in terms of the rebound today is really just a bit of a correction following an oversold market over the past several days", Michael Tran, a commodities strategist at RBC Capital Markets in NY, said by telephone. Read More

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Wizards' Oubre suspended for Game 4 for knocking over Olynyk

The Wizards won the game 116-89. The Wizards have a great scoring duo of Bradley Beal and John Wall . Unlike their two losses in Boston, Washington didn't lose its large margin. "I mean, I don't think it's as easy as saying one or two things", said Stevens. "We can't respond that way. I was talking to the ref, I turned around and he was right there", he said. Read More

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Journalists barred from China event pitching investment in Kushner project

Bush, told The Washington Post . Recently, signs of construction have started to pop up. For a fee of $500,000 made out to the Kushner family, wealthy Chinese could secure a top spot in America. "As previously stated, he will recuse from particular matters concerning the EB-5 visa program", Roberts said in a statement. In one instance, event organizers grabbed a reporter's belongings, including a phone and backpack, to try to force that person out, the report said. Read More

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Trump executive order to quit NAFTA in the works, timing uncertain

Trump executive order to quit NAFTA in the works, timing uncertain

The White House said Trump's phone conversations with Canadian Prime Minister Justin Trudeau and Mexican President Enrique Pena Nieto were "pleasant and productive". Let's see if we can make it a fair deal, because NAFTA's been a awful deal for the United States. Without it, Trump would lose "fast-track" negotiating authority that mandates Trump get only a simple majority in Congress to approve of the new deal - a politically untenable position given the controversial nature of some of his ... Read More

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Health care bill meets GOP skeptics in Senate

US President Donald Trump has declared Obamacare "essentially dead" after the Republican healthcare bill was narrowly passed by the House of Representatives . Planned Parenthood is running television advertisements in those states . Why can't you say that you read it thoroughly? This is possible only if states apply for a federal waiver to allow it. Read More

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Trump to wade into Middle East politics on first foreign trip

President Donald Trump is expected to visit Israel, the Vatican and Saudi Arabia later this month on his first foreign trip as president, two senior administration officials confirmed for ABC News. As of April, the White House had not approached the Holy See for an audience with the pope during Trump's trip. "It's a clear and powerful message that the United States harbors no ill will" toward the Arab and Muslim world, he said. Read More

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Warren Buffett downplays value clash between Berkshire, cost-cutting 3G

Warren Buffett downplays value clash between Berkshire, cost-cutting 3G

Apple gives the world iPhones, while 3G Capital improves operations, he argued, but what does Berkshire do? Wells Fargo had a sales structure that clearly led employees to do bad things, according to Buffet. Berkshire bought the BNSF railroad in 2010. Last year, Buffett said CNBC - cyber, nuclear, biological and chemical attacks - posed a major threat to the economic well-being of Berkshire shareholders. Read More

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ABC Fears Trump 'Targeting Michelle Obama's Legacy' on School Lunches

The order has also eliminated requirements that schools serve 100 percent whole-grain rich products, and another that forbade sugary, flavored, one percent milk . Changes to school lunches are coming courtesy of Secretary of Agriculture Sonny Perdue . "This rollback may allow schools the option to improve flavor profiles with less whole grain foods and the use of spices, including salt", he said. Read More

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Monaco opens 3-point gap at the top with 3-0 win

Monaco opens 3-point gap at the top with 3-0 win

The Champions League semi-finalists boast a far superior goal difference to PSG and realistically need just one win from their final three matches to become champions for the first time since 2000. With Blaise Matuidi down in the Bastia area and the ball having gone out for a throw, visiting goalkeeper Jean-Louis Leca went to check on the PSG midfielder. Read More

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Delta Apologizes for Kicking Family Off Flight

According to Los Angeles affiliate KNBC , Brian Schear, of Huntington Beach, was with his wife and two infants from Maui to Los Angeles International Airport on April 23 when they were kicked off the plane. The Schears said they explained the situation to the ticket agent at the gate, and the agent allowed the family to sit together. "You guys are unbelievable", Brian Schear is heard saying before exiting the plane. Read More

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North Korea claims US 'biochemical' plot to kill Kim Jong Un

The allegation was made by the North's ministry of state security and published by state-run media. These assertions from Pyongyang appear odd since the North has a grim record of military aggression, abductions and assassinations. Scott Snyder, senior fellow for Korea studies at the Council on Foreign Relations, said North Korea statements were "indirect evidence" of the pressure Beijing is putting on the Kim Jong-Un regime. Read More

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'Trumpcare' bill set to hurt Republicans

'Trumpcare' bill set to hurt Republicans

Kentucky's uninsured rate dropped from more than 20% to 7% after the implementation of the Affordable Care Act amounting to roughly 500,000 people, mostly through expanded Medicaid . As far as more people going to ERs to get health care after they lose their health insurance, he says this plan would give a lot of the responsibility back to the states to come up with ways to pay for indigent care. Read More

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Always Dreaming wins Kentucky Derby

Alan's pick to win Kentucky Derby No. 143 is horse No. 17, Irish War Cry. Last year, Nyquist made it four years in a row in which the favorite won the Derby. Always Dreaming finished the 1 1/4 miles in 2:03.59. Irish War Cry , 9/2 11. The sun finally peeked through at about 1 p.m., raising hopes that the track would be wet but not completely mud-caked by the 6:53 p.m. Read More

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TD Ameritrade Holding Corporation (NYSE:AMTD) Stock Ticks 1.80%

TD Ameritrade Holding Corporation (NYSE:AMTD) Stock Ticks 1.80%

Pitcairn Co. purchased a new stake in TD Ameritrade Holding Corp . during the fourth quarter worth approximately $205,000. A number of other equities research analysts have also weighed in on the stock. Many analysts have provided their estimated foresights on TD Ameritrade Holding Corporation Earnings, with 16 analysts believing the company would generate an Average Estimate of $0.41. Read More

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US Fed leaves rates unchanged amid slower economic growth

Almost eight years after the recession ended, the unemployment rate is a low 4.5 percent. A TV screen on the floor of the New York Stock Exchange shows the Fed's rate decision Wednesday. Even so, investors increased bets on a move in June after absorbing the Fed's sanguine assessment of the outlook and its encouraging observations on inflation, following data showing first-quarter economic growth of 0.7 per cent and monthly price declines in March. Read More

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Infosys Wants to Improve US Infrastructure with new Indiana-based Workers

Infosys Wants to Improve US Infrastructure with new Indiana-based Workers

India-based technology company Infosys said Tuesday it will create 10,000 jobs in the United States, growing its American footprint at a time when it has become a political target in the U.S. Tech companies use work permits like H-1B visa (in the US) to send engineers to work on client sites. The company needs to pay a minimum of $80,000 (Rs 52 lakh) per year to a skilled American techie. Read More

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Revenue Forecast of The Coca-Cola Company (KO)

On average, analysts anticipate that Coca-Cola Bottling Co. Ltd. raised its stake in shares of The Coca-Cola by 845.4% in the fourth quarter. Another critical number in evaluating a stock is P/E or the price to earnings ratio. The Coca-Cola Company (KO ) has a market capitalization of 185.33 Billion while its Major Index membership is at DJIA S&P500. During the same quarter in the previous year, the business posted $0.45 EPS. Read More

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France's Le Pen steps down as party leader

France's Le Pen steps down as party leader

Mr. Macron, who campaigned on a pro-Europe political platform with promises of economic reforms and better governance, won 23.75% of the vote, while Ms. "The voters who voted for Mr. Melenchon are angry voters". This time, there is little expectation that voters will reject Le Pen simply because of the party's past association with Nazism. Read More

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Tesco (LON:TSCO) Issued With 'Reduce' Rating At HSBC

Amn Healthcare Services Incorporated (NYSE:AMN) had a decrease of 2.14% in short interest. They expect $1.45 earnings per share, down 2.68% or $0.04 from last year's $1.49 per share. Panmure Gordon maintained it with "Sell" rating and GBX 750 target in Friday, July 29 report. JP Morgan maintained the shares of WEIR in report on Wednesday, September 30 with "Underweight" rating. Read More

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France's tense presidential race is colliding with May Day labor marches

The 39-year old centrist made the comments as he and his far-right rival Marine Le Pen entered the last week of campaigning ahead of the May 7 runoff, with Ms Le Pen calling her rival "the people's adversary". "If it would be appropriate for me to meet with him, I would absolutely, I would be honored to do it", Trump told Bloomberg News. But at the 1995 event, some skinheads broke away and pushed 29-year-old Brahim Bourram off a bridge into the Seine River, where he drowned. Read More

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United CEO takes responsibility for passenger incident

United CEO takes responsibility for passenger incident

United CEO Oscar Munoz was scolded during a congressional hearing for neglecting to immediately apologize to the passenger who was forcibly removed from a flight in an incident that ignited public backlash. Mr Munoz vowed to do better as he and other airline executives faced tough questions from legislators. Rep. Duncan D. Hunter (R-Calif.): "How much do you hate the American people?" United also changed its policies by offering passengers who give up their seats up to $10,000 and by ... Read More

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Trump to visit Middle East in first foreign trip

Riyadh and Washington had a testier relationship under former Democratic president Barack Obama's administration, which Saudi Arabia felt placed less importance on the Saudi-US relationship than on securing a nuclear deal with Iran. "Tolerance is the cornerstone of peace". The U.S. president will then head to Italy, where he will meet Pope Francis and President Sergio Mattarella. Read More

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Hollande urges French voters to block Le Pen

Hollande urges French voters to block Le Pen

Meanwhile Emmanuel Macron, the independent centrist candidate who came in first in Sunday's first round or elections, attracted supported from many of his erstwhile rivals. With 7.5 million votes, Ms. And assuming he wins the presidency on May 7, he will need broad support in the French parliament to turn his policy promises into legislation. Read More

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India top court upholds 2012 gang rape death sentences

India top court upholds 2012 gang rape death sentences

Mumbai: Priyanka Chopra has penned an emotionally touching note after the Supreme Court confirmed the death sentences of all four convicts in the Nirbhaya gang-rape case. Applause broke out in the courtroom as the unanimous verdict — from the bench comprising Justices Dipak Misra, R Banumathi and Ashok Bhushan – was announced and the victims parents, lawyers and other litigants present in the room stood up in appreciation. Read More

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New horror story from United Airlines

New horror story from United Airlines

United Airlines CEO Oscar Munoz apologized on "Good Morning America for incident". The move comes after a damning video which showed a blood-spattered passenger being dragged from a flight which United had overbooked. "It's fair to say that if PR Week was choosing its Communicator of the Year now, we would not be awarding it to Oscar Munoz", the publication was quoted as saying. Read More

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Puerto Rico faces uncertain future as debt saga unfolds

Puerto Rico faces uncertain future as debt saga unfolds

Some of the island's debts will go before a federal bankruptcy court, making it the largest USA government entity to seek such protection from creditors. While it was not immediately clear just how much of the USA -colonized island nation's $70 billion of debt would be included in the bankruptcy filing, the case is sure to dwarf Detroit's insolvency in 2013. Read More

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China's homemade passenger jet aces first flight

People take photos in front of the Chinese C919 passenger jet after its first flight at Pudong International Airport in Shanghai on Friday. It is created to be a direct competitor to the Boeing 737 and Airbus A320. "What really impresses me with COMAC and with Chinese aerospace industry as a whole is that, we have traditional aerospace cycles in Europe and North America every 10, 15 years", Merluzeau said. Read More

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