Economy

Amazon adds video calling with Echo Show

The Echo was released in the United Kingdom past year and uses Amazon's smart virtual assistant Alexa to answer questions as well as provide news and weather updates and control other smart devices around the home. The new Echo Show will cost you around $229 and will be available in black and white colour variants. It's available for preorder with a June 28th release date. Read More

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Budget 2017: ScoMo's promise of cost of living help

Budget 2017: ScoMo's promise of cost of living help

Morrison announced the launch of a Medicare Guarantee Fund, which he said was created to ensure that the public health system had guaranteed funding. Mr Morrison said it was "fair" to ask the banks to do their part to fix the budget. "We will introduce a new targeted Job Seeker Compliance Framework to apply stronger financial penalties for persistently non-compliant job seekers", the Treasurer said. Read More

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Nasdaq sets another record; energy stocks hold back S&P 500

Nasdaq sets another record; energy stocks hold back S&P 500

TAKING STOCK: Markets around the world have been tearing higher in recent weeks, and the S&P 500 index closed at another all-time high Friday following excitement about the upcoming French election and strong earnings in the U.S. Tribune Media jumped $2.11, or 5.2 percent, to $42.40 after Sinclair Broadcast Group said it would buy its rival in a cash-and-stock deal valued at $43.50 per share, or a total of $3.9 billion. Read More

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Buffett says AHCA is tax cut for the rich

So they missed out on Google even though they knew the business well because Berkshire's Geico insurance unit advertised with the search engine. The topic arose at Berkshire Hathaway's shareholder meeting in Omaha, where Buffett talked about his struggles to find ways to deploy the company's enormous hoard of more than $90 billion in cash, at a time when it has been hard to find worthy investments at an attractive price. Read More

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USDA prepared to scale back on healthy school lunch choices

USDA prepared to scale back on healthy school lunch choices

In his first major act in the Cabinet, Agriculture Secretary Sonny Perdue is planning an announcement Monday afternoon at an elementary school in the Washington suburb of Leesburg, Virginia. In March, the School Nutrition Association lobbying group asked the Trump administration to allow more "practical flexibility" for school districts, including looser salt restrictions and cutting the whole-grain requirement in half. Read More

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Google parent company Alphabet beats Q1 expectations

Revenue from its Google Other unit, which includes Pixel smartphone, Play Store and cloud business, rose 49.4 per cent to United States dollars 3.10 billion. Moreover, earnings per share (EPS) clocked in at $7.73, lower than last quarter's $9.36. Pichai's massive pay package came even as his two bosses and Google co-founders Larry Page and Sergey Brin, once again drew salaries of only $1 for their roles as CEO and President, respectively, of parent company Alphabet . Read More

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US Hosting ASEAN Foreign Ministers to Discuss North Korea Threat

Murphy said Washington was not encouraging ASEAN states to formally cut diplomatic ties, but to examine the North Korean presence "where it clearly exceeds diplomatic needs". Manila hopes talks on the framework for the code of conduct would be concluded during its 2017 Asean chairmanship. The ASEAN foreign leaders also discussed the increasing tensions in the Korean peninsula due to North Korea's nuclear threats. Read More

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Duterte appeals to Trump: Keep restraint over North Korea

Vietnam, the Philippines , Malaysia, Brunei and Taiwan also have competing claims that overlap with China's. Since his election last year, Duterte has deemphasized Manila's issues with China in the South China Sea, as Beijing completely disregarded a Hague ruling last year that invalidated its expansive claims in the region, a case brought by the Philippines under former President Benigno Aquino III. Read More

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Police called to restore order at Florida airport after Spirit flights cancelled

Police called to restore order at Florida airport after Spirit flights cancelled

In a federal lawsuit, the airline says cancellations have been caused by pilot unavailability and is accusing the pilots' union - the Airline Pilots Association, International (ALPA) - of orchestrating an unlawful slowdown. In some cases, the airline said in its complaint, pilots are even turning down a chance to make 200 percent of their pay for last-minute assignments. Read More

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Coach agrees to spend $2.4B to buy Kate Spade

The broader context, here, is that handbag sales have lately been lackluster. Coach CEO Victor Luis says that the acquisition will differentiate the company's brand positioning, especially with millennials. Perella Weinberg Partners LP advised Kate Spade , while Evercore Group LLC acted for Coach . After acquiring Kate Spade & Co., Coach Inc. Read More

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Warning of tougher times for consumers after Easter sales boost

Warning of tougher times for consumers after Easter sales boost

Consumer spending has started to drop in the 10 months since Britain voted for Brexit, with average Brits feeling the squeeze from the impacts of rising inflation, which has pushed up prices and lowered spending power. Food sales were a main driver, increasing 2.4 per cent on a like for like basis and 3.6 per cent on a total basis in the three months to April. Further increases in inflation are expected over the coming months, despite the recovery in sterling against the USA dollar from just ... Read More

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Wells Fargo & Co (NYSE:WFC) & Denbury Resources Inc. (NYSE:DNR) Traders Recap

Rafferty Capital Markets downgraded Wells Fargo & Co from a "hold" rating to a "sell" rating and reduced their price objective for the company from $62.00 to $54.50 in a research report on Wednesday, April 12th. 1st Global Advisors Inc. raised its position in Wells Fargo & Co by 9.4% in the third quarter. CARROLL DAVID M also sold $6.95 million worth of Wells Fargo & Co (NYSE: WFC ) shares. Read More

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Sinclair close to Tribune Media deal

That includes about $2.7 billion in net debt. Sinclair beat out Fox News owner 21st Century Fox and NY investment firm Blackstone for Tribune Media. During mid-term elections in the administration of President Barack Obama, several Sinclair stations aired a 25-minute infomercial critical of the president that were funded by a Republican political-action group . Read More

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Chinese Homegrown Jumbo Passenger Jet Takes to the Sky

Spectators take photos as they watch the Comac C919, China's first large passenger jet, coming in for a landing on its maiden flight at Shanghai's Pudong airport on May 5, 2017. The Chinese project was riddled with technical problems and delays from the outset (the test flight Friday was originally scheduled for three years ago) and it relies heavily on foreign technologies to function. Read More

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Morning Runner: Starbucks Corporation (SBUX)

Alpha Windward LLC raised its position in shares of Starbucks by 0.9% in the third quarter. Nwam LLC increased its position in Starbucks by 5.9% in the third quarter. Finally, Oppenheimer Holdings Inc. reaffirmed an "outperform" rating and set a $65.00 price objective on shares of Starbucks in a research report on Thursday, April 20th. Read More

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After Big Win, A Huge Challenge Round The Corner For President Macron

After Big Win, A Huge Challenge Round The Corner For President Macron

Erdoğan said that the results of the French presidential election have heightened hopes for the future of the EU. "They expect us to be just who we are!" exclaimed Macron to a sea of French flag-waving revelers. "The situation is full of dangers for Emmanuel Macron. Why?" But he has the backing of Europe. The year's next closely watched contest comes in September, when Germany's Chancellor Angela Merkel faces challenges from both the left and right - though her party won a state election ... Read More

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Team India announced for Champions Trophy

Manish Pandey also finds a place in the squad . Perhaps, the inclusion of Manish Pandey instead of an extra spinner was a talking point but MSK Prasad, the chairman of selectors, was at pains to point that out it was exclusively due to the quality of India's two spinners, Ravindra Jadeja and R Ashwin , that a third option hadn't been picked. Read More

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My 2 Cents: Congress Warns Airlines To Shape Up

The hearing by the House Transportation Committee comes amid worldwide outrage sparked when a passenger was dragged off a United flight after refusing to give up his seat to a crew member. United has been under fire after cell phone video last month showed a passenger being forcibly dragged off one of its overbooked flights. Rep. Mike Capuano , D-Mass., said Americans are so used to "miserable" flying experiences, it's become expected. Read More

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Sinclair to buy Tribune Media, expanding its local TV reach

Sinclair to buy Tribune Media, expanding its local TV reach

Craig Aaron , CEO of progressive media activist group Free Press , calls the Sinclair-Tribune deal "a scandal". The purchase includes three marque media properties. Sinclair, which owns around 150 local TV stations , historically has focused on owning multiple stations is small markets. As for Sinclair, they gave it all a positive spin by pushing the news through the ever-reliable media-speak word-salad generator. Read More

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Prince Philip Announces His Retirement

Prince Philip Announces His Retirement

He represented the royal family in more than 200 events in 2016. It was the Duke's decision taken with the support of the Queen . Former Australian Prime Minister John Howard was one of a number of dignitaries to be with Prince Philip in the hours after he revealed he will no longer be available for public engagements. Read More

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Trump Lawyer: Travel Ban Is Neutral on Religion

Trump and his advisors said they anxious the governments of these countries - including Libya, Somalia and Yemen - could not provide "reliable information to screen" people who wanted to come to the United States. "Even the intelligence agency in the Department of Homeland Security said the order would not reduce terrorism", he said. "We all know what that means". Read More

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S&P, Nasdaq reverse course after touching record highs

S&P, Nasdaq reverse course after touching record highs

The candidate who was in favor of keeping France in the European Union and in the euro currency won, to the relief of investors who feared the alternative would have hurt global trade. Elsewhere, shares of Kate Spade jumped 8.31% after bigger rival Coach Inc said it would buy the handbag maker for $2.4 billion to increase its exposure to millennial shoppers. Read More

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Northern Dynasty Minerals Ltd. (NAK) Closed its Previous Trade at $1

Northern Dynasty Minerals Ltd. (NAK) Closed its Previous Trade at $1

They use historic price data to observe stock price patterns to predict the direction of that price going forward. In current trading day The Coca-Cola Company (KO ) stock confirmed the flow of 0.07% with the final price of $43.69. The closing prices are compared day-by-day to look for trends and can measure market sentiment for any security over the course of a trading day. Northern Dynasty Minerals, Ltd. Read More

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Domestic Issues Dominate Ahead Of South Korean Election

Domestic Issues Dominate Ahead Of South Korean Election

On Tuesday, at a time when the regional and global order stand at an uncertain juncture, South Korea will choose its next president. It may come down to personalities. "We're likely to face hard situations with Trump in office". Basically, Ahn has been reduced to being a Hong-lite as he seeks to appeal to both the parts of the centre-left that backed his party in general elections a year ago and the parts of the centre-right that loathe to see Moon become president but do not want Hong ... Read More

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Oil rebounds on Saudi assurances Russian Federation will extend

The drop is the result of continued concerns of oversupply and persistent production glut despite previous assurances from Saudi Arabia that OPEC together with Russian Federation will get supply under control. Russia, one of the non-Opec countries to sign up to the cuts, gave mixed signals on Thursday about whether it would continue. While OPEC's curbs drove oil in early January to the highest since July 2015, that increase encouraged U.S. Read More

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Saudi energy minister says oil output cuts likely to be extended

US crude fell as low as $45.39, Brent touched $48.32. While OPEC's curbs drove oil prices in early January to the highest since July 2015, the increase encouraged US drillers to pump more. Prices are down 5.4% this week, heading for a third weekly decline. Global oil prices stabilised in early European trading Friday after an overnight plunge that extended one of the biggest declines for crude in at least six months. Read More

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