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USA job growth bounces back

USA job growth bounces back

Job creation cooled down in April and produced a net increase of just 3,200 positions, a figure so low it was statistically insignificant, the agency's workforce survey said Friday. The labour force participation rate, or the share of working-age Americans who are employed or at least looking for a job, fell to 62.9 per cent from an 11-month high of 63 per cent. Read More

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Congress approves $1 trillion spending bill; Conservatives warn of anti-Trump agenda

Congress approves $1 trillion spending bill; Conservatives warn of anti-Trump agenda

But there are also things in the spending bill Democrats like (and Republicans don't): no cuts to Planned Parenthood; science, arts, Pell Grants and Amtrak get increases; the Environmental Protection Agency is largely left intact (although Republicans like that it has the fewest employees since Reagan); the Justice Department is prevented from devoting extra money to stopping states from implementing their own marijuana laws; and e-cigarettes will be subjected to review by the Food and Drug ... Read More

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Financial CHOICE Act Passes In Committee, Moves To House Next

The bill now moves for a full House vote. FILE - In this Friday, April 21, 2017, file photo, President Donald Trump speaks at the Treasury Department in Washington, where he signed an executive order to review tax regulations set past year by his predecessor, as well as two memos to potentially reconsider major elements of the 2010 Dodd-Frank financial reforms passed in the wake of the Great Recession. Read More

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Suomi NPP spots formation of Tropical Cyclone Donna

Suomi NPP spots formation of Tropical Cyclone Donna

However as the storm had moved further west, Noumea in New Caledonia was now more at risk of a direct hit, WeatherWatch said. At its peak, Donna will be equivalent to a Category 4 hurricane in the Atlantic and eastern Pacific basins. A former World Vision staff member based in the Torba province, Bob Din, confirms winds have already downed trees and many people are sheltering in evacuation centres. Read More

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Fires at Tyson Foods Chicken Plants Stunt Quarterly Sales

Menora Mivtachim Holdings LTD. acquired a new stake in shares of Tyson Foods during the fourth quarter worth approximately $130,000. Rothschild Asset Management Inc. The relative volume (ratio between current volume and 3-month average) is presently sitting at 0.99. Let's have a look at some of the important valuation ratios of the Tyson Foods, Inc . Read More

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Oil hovers near $46 as shale revival cancels out OPEC efforts

Brent prices have fallen more than 15% since the April 12 OPEC report . West Texas Intermediate ( WTI ) or USA crude was hovering around $45 a barrel on the worldwide market. Money managers have already cut their net long positions, a bet on a further price rally, by a third in the last two months. "On the other hand, the refusal to reduce oil production will lead to price slump to $40 a barrel", Yakushev added. Read More

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Public Knowledge Responds to Comcast, Charter Anti-Competitive Wireless Deal

Public Knowledge Responds to Comcast, Charter Anti-Competitive Wireless Deal

In the telecom equivalent of musical chairs in recent months, rumors have had Comcast buying Sprint or T-Mobile, and Verizon Communications acquiring Comcast or Charter. But legitimate wireless competition from cable could also strengthen their case with regulators for a merger. "Both of our companies have regional wireless businesses using the same 4G LTE network [operated by Verizon], and by working together our goal is to create even better experiences for our customers", Comcast ... Read More

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With Macron win confirmed, European market rally hits pause

In midday trading, the CAC 40 index of leading French shares was down 1 percent at 5,379. French President Francois Hollande says his successor Emmanuel Macron's inauguration will be Sunday. Putin also wished Macron good health and success in his activities as president. He was the most pro-Europe candidate. "And in Germany the ruling Christian Democrats are recovering". Read More

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Nicki Minaj pays college costs for Twitter fans

On the website, she said the victor may get to choose the prize: Joining her for the Billboard Music Awards on May 21 near Las Vegas or hanging with her in the studio. " Nicki , please, all I need is $2000 for a PC for college, and I literally can't afford it - and I start in September", another user pleaded. "Show me straight A's that I can verify w/ur school and I'll pay it", she wrote . Read More

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Marine Le Pen temporarily steps down as National Front leader

Marine Le Pen temporarily steps down as National Front leader

Criticism came from all quarters on Tuesday, including from her father, Jean-Marie Le Pen , the long-time nationalist leader who questioned her campaign. She had a dispute with her father after she chose to remove anti-Semitic members from the party in an effort to appeal to French voters who like the party's stance on radical Islam but don't want to support xenophobia. Read More

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Centrica in new attack on Theresa May's energy price cap

Centrica in new attack on Theresa May's energy price cap

Centrica , the owner of Windsor-headquartered British Gas, is to cut 1,500 jobs this year and said that "warmer than normal weather" has resulted in lower than expected energy consumption in the United Kingdom and North America. Centrica cut its dividend two years ago and again last year as earnings were hit hard by weak energy prices. Centrica said the proposal would lead to reduced competition and choice as well as potentially higher average prices. Read More

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Rights of EU citizens in United Kingdom are top priority — EU Brexit boss

One of the most senior European Union politicians called for European and British officials to stop arguing, warning that Brexit negotiations will be "impossible" if both sides continue to attack each other in the press. May used an extraordinary press conference outside Downing Street on Wednesday to accuse Brussels of trying to influence next month's general election with "threats against Britain" over Brexit talks. Read More

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A huge tax cut for guys like me

And in answering a question about how much that person would be paid, he took a swipe at compensation consultants who often urge corporate boards to pay their managers extravagant salaries. David Rolfe, who manages about $6.8 billion including Berkshire shares at Wedgewood Partners, said he wasn't surprised that Buffett is bummed out by the growing cash pile. Read More

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US Economy Grows At Slowest Pace Since 2014

US Economy Grows At Slowest Pace Since 2014

That pace was the slowest since the 2009 fourth quarter and followed the robust fourth quarter growth rate of 3.5%. Despite the anemic first-quarter performance, the USA economy's prospects for the rest of the year appear solid. By contrast, in the eight years from 1993 through 2000, when President Bill Clinton was in office, the annual growth in real GDP dropped as low as 2.7 percent twice (in 1993 and 1995), but never dropped below that level. Read More

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Antonio Conte: Premier League competitiveness makes European challenge difficult

Antonio Conte: Premier League competitiveness makes European challenge difficult

The leaders, now four points clear with a game in hand, can claim the championship over the next five days by defeating Middlesbrough and then West Bromwich Albion after Spurs' pursuit finally stumbled at West Ham United on Friday . "It will be an unbelievable night for Chelsea at the top and ourselves fighting to stay in the league", he said. Meanwhile, Middlesbrough head coach Steve Agnew has saluted Chelsea enforcer N'Golo Kante as he attempts to delay his march towards a second ... Read More

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China ready to amend name of CPEC to appease India

Luo Zhaohui is the Chinese Ambassador to India. He said the CPEC was meant for promoting and improving economic cooperation and connectivity. A Conference held in the Parliament yesterday discussed the OBOR project, China's economic, geo-political and strategic motivations behind launching this initiative, and best responses by countries in the European Union to address the challenges arising out of the initiative. Read More

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GOP House panel takes first step to gut Dodd-Frank law

As was expected, the measure passed in a party-line vote, 34 to 26. To be repealed: the Volcker Rule , which bars the biggest banks from trading for their own profit. "Our plan replaces Dodd-Frank's growth-strangling regulations on small banks and credit unions with reforms that expand access to capital so small businesses on Main Street can grow and create jobs", Committee Chairman Jeb Hensarling (R-Texas), who spearheaded the bill's creation, said. Read More

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All eyes on Apple Inc.'s next iPhone launch

And now seven of our top ten highest traffic stores in the world are in Greater China. Apple sold 50.76 million iPhone units during quarter, generating $33.25 billion in revenues , down from 51.19 million units a year ago. For the second quarter, the company's net income rose to $11.03 billion, or $2.10 per share, compared with $10.52 billion, or $1.90 per share, a year earlier. Read More

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Trump tells Canada, Mexico, he won't terminate NAFTA treaty: White House

Trump tells Canada, Mexico, he won't terminate NAFTA treaty: White House

Canadian Prime Minister Justin Trudeau told President Trump not to "let a couple of irritants get in the way" of their strong relationship as Trump threatened to withdraw from NAFTA last week, a top Canadian official said Sunday. "I will terminate NAFTA". The relationship is very special. Some analysts suggested that with the Trump administration approaching its 100-day mark and the clock ticking on NAFTA, the draft order could have been an attempt for the US president to flex some ... Read More

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US Federal Reserve holds interest rates steady

Investors took the statement as a sign the Fed is on track for the two rate hikes it has flagged this year, having increased the fed funds rate to a range of 0.75 per cent to 1 per cent in March. Household spending rose only modestly, but the fundamentals underpinning the continued growth of consumption remained solid. Since the Great Recession, weak first quarters have been the norm, with the economy gaining strength later on, noted Greg McBride, chief financial analyst for Bankrate.com. Read More

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What Royal Enfield's Purchase Could Mean For Ducati

What Royal Enfield's Purchase Could Mean For Ducati

The report said VW has tasked investment banking boutique Evercore to evaluate possible options including a sale of the Ducati brand, which its Audi division acquired for about 860 million euros ($935 million) in 2012. The Italian company sold 55,451 units previous year (at a growth of 1.2%), and enjoys a cult branding across the world with a healthy network in many developed markets. Read More

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Delhi Metro raises fares; min to be Rs 10, max Rs 50

Delhi Metro raises fares; min to be Rs 10, max Rs 50

The minimum till now is Rs 8 while the maximum fare is capped at Rs 30. Previously, the DMRC board had rejected the proposal of hiking fares on many occasions. "There is considerable evidence pointing to the fact that without such increases, Metro service and physical infrastructure deteriorate, over time", Panagariya wrote in his letter. Read More

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US jobs report shores up markets but oil weakens further

What has proved to be a double whammy for OPEC is the fall in worldwide commodity markets triggered by recent Chinese manufacturing surveys. After falling nearly 5 percent on Thursday, both contracts continued to collapse overnight with WTI falling to $43.76, its lowest since November 15, and Brent down to $46.64, its lowest since November 30 when the Organization of the Petroleum Exporting Countries ( OPEC ) agreed to cut production during the first half of 2017. Read More

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Analyst EPS Estimates Scan: Marathon Oil Corporation (MRO)

Marathon Pete Corp now has $24.87B valuation. Among 16 analysts covering Ciena ( NYSE:CIEN ), 10 have Buy rating , 0 Sell and 6 Hold. About 2.09 million shares traded. The company was upgraded on Monday, October 31 by Raymond James. FBR & Co reaffirmed a "buy" rating and issued a $20.00 target price on shares of Marathon Oil in a research note on Friday. Read More

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Large Chinese-made passenger jet due to make maiden flight

The nation's State Council, the top administrative authority, sent a congratulatory note to the designers. Comac plans a test program of 4,200 flight hours and introduction in 2020 with China Eastern Airlines. More immediately, he's expecting lower prices from the added competition. "We've seen that to some degree with the launch of the CSeries". The C919 designation was chosen partly to reflect the idea of long life in Chinese numerology. Read More

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Federal Reserve keeps interest rates steady, hints at further hikes

The Federal Reserve statement did not reveal any cause for concern for a June rate hike despite the latest inflation report showing a decline in March. Eurozone producer price inflation eased at a faster-than-expected rate in March, figures from Eurostat showed Wednesday. Other reports have also stated that the USA economic growth remains on track despite the recent decline in the greenback and due to the lack of growth in companies hiring workers within the country. Read More

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