Economy

Trump Confident Senate Will Join House in Repealing US Health Law

Trump Confident Senate Will Join House in Repealing US Health Law

And some GOP senators are saying the House bill will be looked at in depth before it comes to a vote. "The Senate is starting from scratch", Sen. "Congresswoman McSally, how could you do this to us?" President Obama came out of retirement in March to insist that his health care reform wasn't a "job-killer." McConnell has included himself in a group of 12 GOP senators essentially tasked with privately producing a bill that can pass the Senate. Read More

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Bank of England leaves rates unchanged, lowers 2017 growth forecast

Bank of England leaves rates unchanged, lowers 2017 growth forecast

The steady outlook for growth contrasts with a sharp slowdown in the official measure of growth seen at the start of this year, when the economy expanded just 0.3% on the quarter - less than half its rate at the end of last year. Earlier this year the markets judged that the chances of an interest rate rise were so low there was only likely to be one increase over the next three years. Read More

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US reps, Dalai Lama take aim at China sore spot Tibet

US reps, Dalai Lama take aim at China sore spot Tibet

U.S. Representative Nancy Pelosi said Wednesday that China was using “brutal tactics” and economic leverage to crush Tibetan calls for autonomy. "We believe in you (Dalai Lama) and stand with you", McGovern said. Alleging that Tibetan-Americans are constantly being denied visa by China to travel to Tibet or other parts of the country, a top American lawmaker has demanded a similar visa restriction against Chinese officials. Read More

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Caught on camera: Bear chases biker on trail in Slovakia

Caught on camera: Bear chases biker on trail in Slovakia

Unless it was the bear that uploaded the footage to YouTube? It looks like a couple of mountain bikers learned that the hard way, when they narrowly escaped a bear attack on a recent ride through the woods. The clip has now been viewed over 4 million times and commenters are having a field day. This latest GoPro video is one of the most terrifying yet. Read More

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Chelsea Wins Premier League

Chelsea Wins Premier League

Elsewhere, Everton midfielder Ross Barkley scored the victor in possibly his last home game at Goodison Park as Everton beat Watford 1-0 in a low-key Premier League match. "That decision changed our season". "At the back they're very solid, they're very hard to break down". This game typified Chelsea's season. "He's made it his team". Read More

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China trade agreement impacts meats, natural gas

In the deal, China agreed to lift its ban on USA beef imports and shipments of liquefied natural gas. By mid-July, U.S. beef producers will have broader access to Chinese markets, while America will move forward on allowing the import of cooked poultry from China , according to a joint statement announcing the deal. Read More

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Fiat Chrysler recall: pickup air bags, belts may be disabled

The recall affects over one million Ram trucks from the 2013-2016 model years. . The erroneous code could temporarily disable the side air bag and deployment seat of belt pretensioners - which reduce seat belt slack during impacts - during a vehicle rollover spurred by a significant underbody impact, such as striking onroad debris or driving off-road, the Italian-American automaker said. Read More

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Retail Sales Rose 0.4% in April

Retail Sales Rose 0.4% in April

USA retail sales rose to a three-month high in April, pointing to a pickup of US economic growth in the second quarter of the year, the Commerce Department reported Friday. Department stores, a sub-category of general merchandise stores, continued to lose the most ground of any subcategory, as April sales dipped 3.7% from April a year ago, but sales were up 0.2% from the month before. Read More

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South Korea recalls Hyundai cars, asks probe on cover-up

South Korea recalls Hyundai cars, asks probe on cover-up

In response to the recall order, Hyundai and Kia said in a joint statement that they accept the decision and will take all necessary steps to fix or replace faulty parts in the affected models as early as possible. Hyundai voluntarily came up with recall plans for three of the problems mentioned. Kim Gwang-ho had flown to the US past year to address these issues with American authorities, and that led to the voluntary recall of 1.5 million Hyundai and Kia vehicles in North American ... Read More

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Tesla starts taking orders for solar roofs

Tesla starts taking orders for solar roofs

The company says Solar Roof will cost $21.85 per square foot of Solar Roof tile for a 3,000 square foot roof, using the same calculation method in a Consumer Reports roof tile comparison from November 2016. Tesla returns and once again they are back to change the game. It's estimated that the glass solar panels will be available for installation this year, while other slate panels won't be around until 2018, or according to Musk, in " about 6 months ". Read More

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State reports insurers looking for rate rises of up to 33.8%

State reports insurers looking for rate rises of up to 33.8%

House approved the American Health Care Act, which repeals and replaces parts of the ACA. The Republican health-care bill could result in higher premiums even for people who keep continuous coverage. In addition, a moratorium ends next year on a federal health insurance tax that accounts for 2 percent to 3 percent of premiums. Hearings for each rate request will be formally announced in advance of the public hearing in June, she added. Read More

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Does Valeant Pharmaceuticals International, Inc. (VRX)'s current closing price competes the market?

Does Valeant Pharmaceuticals International, Inc. (VRX)'s current closing price competes the market?

Several other equities research analysts also recently weighed in on the stock. The 52-week range of the share price is from $17.59 - $29.44, while its earnings per share (EPS ) was $-0.44. If you are reading this report on another domain, it was copied illegally and reposted in violation of global trademark & copyright laws. Valeant Pharmaceuticals Intl (NYSE:VRX) last announced its earnings results on Tuesday, May 9th. Read More

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Begins tunneling with Elon Musk's 'Godot' machine at SpaceX

Begins tunneling with Elon Musk's 'Godot' machine at SpaceX

Vehicles will be transported through the tunnels on platforms, called skates or sleds, powered by electricity at speeds of up to 200 kmh (125 mph). On top of his other mundane projects - like trying to get humanity off fossil fuels and colonizing Mars within the next decade - Elon Musk is now working on perhaps his greatest challenge yet: solving Los Angeles commuter traffic. Read More

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Consumer prices rebounded 0.2 percent in April

Service price inflation rose by 0.4% after dipping by 0.1% in March. In the 12 months through April, the CPI increased 2.2 percent. February's 2.8% annual increase was the largest in five years. Factory gate inflation in the USA accelerated last month as energy prices rebounded amid a pick-up in services prices. Consumer food prices extended its recent rising streak to four months, but underlying details were on the soft side. Read More

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Trump tax returns show little income from Russian sources: president's lawyers

Opposition Democrats are demanding transparency in order to know the extent to which Trump might benefit from the tax plan he wants to push through. Regarding the promises by Donald Trump, made in 2011, 2014, 2015, and 2016 without any IRS stipulations, it didn't help matters among voters when Vice President Mike Pence stated that Trump never broke any of those promises. Read More

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Historically tight BC election means uncertain future

The second scenario could see the New Democrats woo the BC Greens with rewards that would likely have to be more substantial than what the BC Liberals would be prepared to offer. "Andrew Weaver had better not overestimate his bargaining power", he said. While the final count won't be concluded until May 22, 2017, voter turnout is estimated at around 57 per cent, up from 55 per cent in 2013. Read More

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China tests new missile near Korea

Although the Bohai Sea has served as a landing site for these kinds of missile tests for several years, Zhou Chenmin from the Knowfar Institute for Strategic and Defense Studies says that Beijing's rare announcement of this most recent test made it "quite high profile". Read More

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Warren Buffett says people who lose their jobs have become 'roadkill'

Buffett said: "We've had a lot of (tax cuts) in our lifetimes - it's certain that some of a lower corporate rate would be competed away, and it's sure that some of it would inure to the benefit of shareholders". Since the market bottomed in early 2009, US stocks have been steadily rising for more than eight years now, leaving anyone who has started their investing career in that time particularly susceptible to the risks of the next market downturn. Read More

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Anthem gives up $48B Cigna bid

Anthem gives up $48B Cigna bid

Laster's decision may be the final dagger to a deal that has been as notable for the bad blood between the two insurers as its antitrust roadblocks. Laster's ruling comes after a week in which Anthem argued that Cigna sabotaged the proposed deal. Read More

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Workers Return To Hanford Site After Tunnel Collapse

Workers Return To Hanford Site After Tunnel Collapse

The collapse of a tunnel at the most contaminated nuclear waste site in the United States has raised safety concerns at such facilities described by some as ticking time bombs. The Hanford Site is a mostly decommissioned nuclear production complex operated by the US government on the Columbia River. Authorities plan to investigate why and when the roof of the tunnel suffered a partial cave-in, creating the sinkhole that poured dirt into the tunnel containing railroad cars with nuclear waste, ... Read More

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JP Morgan Cazenove Reiterated Diageo PLC (LON:DGE) As 'Overweight'

Among 12 analysts covering Visteon ( NYSE:VC ), 6 have Buy rating, 0 Sell and 6 Hold. Therefore 88% are positive. Unite Group PLC has GBX 810 highest and GBX 569 lowest target. It has underperformed by 4.71% the S&P500. The Company is engaged in constructing homes throughout England and Wales. The Firm offers various solutions, which consist of multi-material foam, rubber and plastic components. Read More

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BT to Eliminate 4000 Jobs, Deutsche Telekom Net Swings to Profit

BT to Eliminate 4000 Jobs, Deutsche Telekom Net Swings to Profit

Finally, BNP Paribas set a €18.00 ($19.57) price objective on shares of Deutsche Telekom AG and gave the company a "buy" rating in a report on Monday, January 16th. And T-Mobile's strong momentum gives it leverage to forge a strong alliance, according to Deutsche Telekom CEO Tim Hoettges. Shares in Deutsche Telekom were up 0.1 percent at 0915 GMT on Thursday, recovering from earlier losses to outperform the German blue chip index slightly. Read More

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Trump creates panel to investigate voter fraud

Kansas Secretary of State Kris Kobach has lost his appeal and has been ordered to turn over documents from his meeting with President Donald Trump to the ACLU by Friday. I have learned the hard way by covering elections that often there are claims that make it sound like we have finally stumbled on a giant voter fraud story, but then it doesn't pan out that way. Read More

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Oil steadies, but rattled by concern about OPEC's clout

Economists were anticipating a drop of 2 million barrels, according to Bloomberg . So the iPath S&P GSCI Crude Oil Total Return Index ETN (OIL), climbed 0.8%, extending yesterday's almost 4% surge, and the U.S. Gasoline and distillate stocks also fell, supporting a market that has sold off sharply in recent weeks due to persistently high United States inventories. Read More

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Bank levy

Bank levy "substantial risk to housing bubble"

NAB Chief Executive Andrew Thorburn said the tax would affect 10 million customers as well as shareholders. Sign up here for free access to 7 articles per month + twice daily business email alerts. TWO of the big four banks' bosses separately found out details of Scott Morrison's Budget plan to rip $6.2 billion from them after meetings with anxious investors. Read More

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