Economy

Unemployment rises but wage growth accelerates

Unemployment rises but wage growth accelerates British households have lost some of their spending power due to higher inflation, caused by the post-referendum fall in the pound. The unemployment rate rose by 0.1 percentage points compared with the previous quarter to 4.4% in the three months to December 2017. [Full Article...]

Brexit will not create 'Mad Max' dystopia, says Davis

Brexit will not create 'Mad Max' dystopia, says Davis With Britain plunged into a Mad Max-style world borrowed from dystopian fiction. Davis' made the comments address Austrian business leaders today as he embarked on a series of speeches being described as the "road to Brexit " by the United Kingdom government as he spells out the British vision for a future partnership with the EU. [Full Article...]

HSBC annual profit disappoints as CEO Gulliver says goodbye

HSBC annual profit disappoints as CEO Gulliver says goodbye The profit figure fell short of the $19.59 billion analysts estimated in a Reuters poll, and appeared to weigh on its stock. HSBC already paid about 300 million euros ($370 million) to settle a criminal investigation by the French government into allegations it helped clients evade taxes, the second-biggest corporate charge levied by an authority in the nation in November a year ago. [Full Article...]

Police name Netanyahu associates in corruption probe

Police name Netanyahu associates in corruption probe He said that all changes to state policy regarding Bezeq were vetted and approved by officials at the professional expert level. He later handed over the portfolio to Likud Minister Ayoub Kara. The new developments come less than a week after the police said there was sufficient evidence to indict Netanyahu on charges of corruption. Prime Minister Benjamin Netanyahu delivers a speech on the th... [Full Article...]

Countdown For Venezuela's Crypto Currency "Petro" Begins

Countdown For Venezuela's Crypto Currency Cryptocurrency experts are looking at Venezuela's foray into digital currencies with a mix of intrigue and suspicion, excited by the prospect of a government willing to accept cryptocurrency for payments like taxes but also concerned about the potential lack of oversight. [Full Article...]

American Airlines Worker Saves Two Girls From Human Trafficking Scheme

American Airlines Worker Saves Two Girls From Human Trafficking Scheme Meanwhile, Miracle called the Sacramento County Sheriff's Department's Airport Bureau, whose deputies later reported the girls had called a man named "Drey", whom they had previously met on Instagram. When Deputy Sanderson informed the teens that their tickets had no return flights, he said they became defensive before ultimately accepting what could have happened to them. [Full Article...]

Noteworthy Stocks to Watch For: Citigroup Inc. (C), The Coca-Cola Company (KO)

Noteworthy Stocks to Watch For: Citigroup Inc. (C), The Coca-Cola Company (KO) It has underperformed by 5.95% the S&P500. State Of New Jersey Common Pension Fund D increased its stake in Chevron Corp New (CVX) by 11.14% based on its latest 2017Q3 regulatory filing with the SEC. Fred Alger stated it has 37,062 shares. Winslow Evans & Crocker Incorporated accumulated 282 shares. Twin Cap Management reported 376,150 shares. Raymond James Trust Na accumulated 2.05% or 637,720 ... [Full Article...]

R Street Disappointed by Commerce Department's Steel Imports Report

R Street Disappointed by Commerce Department's Steel Imports Report Commerce Secretary Wilbur Ross has scheduled a briefing with reporters today. The report also recommends similar restrictions on aluminum imports with options of a 7.7% tariff on global imports; a 23.6% tariff on China , Hong Kong, Russia, Venezuela and Vietnam with a quota; or a quota for all countries equaling 86.7% of their 2017 exports to the US. [Full Article...]

Salon magazine asks readers with ad-blockers to mine for cryptocurrency

Salon magazine asks readers with ad-blockers to mine for cryptocurrency Yesterday , Salon readers noticed an unfamiliar message offering them the opportunity to block ads in exchange for letting the site "use your unused computing power". But Salon said they will adjust how much processing power is being used by their crypto-miner. For its part, Salon , with its 13.1 million unique visitors a month, can not depend on this monetization process entirely, even if ... [Full Article...]

Trump offers condolences to Putin for deadly airliner crash

Trump offers condolences to Putin for deadly airliner crash Putin also commented that stability in the region is "far from what we want to see". In an interview with Reuters last month, Trump accused Russian Federation of helping North Korea evade global sanctions meant to punish Pyongyang for its pursuit of a nuclear-armed missile capable of reaching the United States. [Full Article...]

Celebrate National Pizza Day in Tucson with discounts and freebies

Celebrate National Pizza Day in Tucson with discounts and freebies From 3 p.m.to 7 p.m., participating Baskin-Robbins locations are giving out free samples of their new Sweetheart Polar Pizza. Take your pepperoni pizza up a notch with Donatos' new Spicy Pepperoni pizza. What better way to kick off the weekend than with a ton of great deals on one of American's favorite dishes: pizza pie. You can find them all here, based on your location. [Full Article...]

Uber, Waymo reach self-driving auto settlement

Uber, Waymo reach self-driving auto settlement That it didn't produce anything before it settled is so far from Uber's innocence having been "overwhelmingly proved " that you have to wonder why Kalanick even bothered to pipe up - who is he hoping to persuade? Still, according to a person close to the settlement negotiations, the agreement bars Uber from including Waymo's trade secrets into both its hardware and software. [Full Article...]

'I'm sorry': Mom gives birth, abandons baby in airport bathroom with note

'I'm sorry': Mom gives birth, abandons baby in airport bathroom with note She is unable and unfit to take care of me. It begs whoever finds him to turn him over to authorities so they can find the boy a good home. "I just want what's best for him": Mother abandons baby in airport bathroom Authorities at the Tucson International Airport are looking for a woman who abandoned a newborn baby. [Full Article...]

India's state-run Bank of Baroda Q3 profit dives 56 pct

India's state-run Bank of Baroda Q3 profit dives 56 pct Its net non-performing assets rose from 5.43% to 5.61%. Provisions: Credit costs or the percentage of provisioning against total advances is expected to rise because of fresh loan slippages and the bank's strategy to shore up provision coverage ratio. [Full Article...]

German foreign minister slams likely successor for betrayal

German foreign minister slams likely successor for betrayal News that Germany's two biggest parties could soon be headed by women was a welcome kick-off to Germany's carnival season on Thursday, when women storm Rhineland town halls to snip off men's ties and - symbolically - seize power. CDU members are smarting at having to cede the vital Finance Ministry to the SPD. "What's left is regret at how little respect there is in the Social Democratic Party in ... [Full Article...]

The ProShares Short Volatility ETF Lives To Fight Another Day

The ProShares Short Volatility ETF Lives To Fight Another Day That's a tiny fraction of the roughly $2 trillion estimated to be linked to short-volatility strategies - and a speck of dust compared to the $23 trillion in market value of S&P 500 companies. He said it "absolutely" contributed to the market turmoil. Monday's volatility shock in US stock markets had led to some misconceptions about the Cboe Volatility Index , known as the VIX.VIX, and relate... [Full Article...]

Whole Foods Groceries Are Now Delivered by Amazon

Whole Foods Groceries Are Now Delivered by Amazon The service was available as of Thursday in Austin and Dallas, Texas; Cincinnati, Ohio; and Virginia Beach, Virginia. But, Amazon's shop does have some Whole Foods Everyday Value 365 items available for purchase, which was implemented prior to the integration with Whole Foods stores. [Full Article...]

Snap Earnings Beats Big on Earnings

Snap Earnings Beats Big on Earnings Snapchat closed the year with $825 million in revenue, which was double the revenue of 2016. Eyes will be on expectations that Snap added 6M users to reach 184M (16% Y/Y growth). That re-design, separating friends from brands, was launched in late November, but has yet to roll out to all users. Ever since the company behind Snapchat publicly unveiled paperwork with plans for a $20 billion IPO ... [Full Article...]

Best Buy getting rid of CDs in stores

Best Buy getting rid of CDs in stores In what can be considered a sign of the times, Best Buy has reportedly told music supplies that it is phasing out sales of physical CDs. In addition, the store must pay to ship back any unsold CDs for credit. Most recently, Target moved half a million of Taylor Swift's Reputation , showing it can still push large titles. So far, none have stated what they're going to do, but at least one majo... [Full Article...]

Jerome Powell Takes Oath as Fed Chief

Jerome Powell Takes Oath as Fed Chief Powell took the oath of office one day after his 65th birthday from Randal Quarles, the Fed's vice chairman for supervision, in a ceremony that was attended by Fed staff and Fed board member Lael Brainard. The fear is that monetary policy can now be influenced by five related factors, which can lead Powell to be more aggressive with rising rates: impact of fiscal stimulus on growth, increase in pu... [Full Article...]


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