Economy

Hurricane Ophelia Sets Record, Heads Toward Europe

Hurricane Ophelia Sets Record, Heads Toward Europe However, as CNN reports , Ophelia is much farther north than the average hurricane, meaning it's not subject to tropical east-to-west-moving winds, and can instead drift north and east. The storm was about 610 miles southwest of the Azores early Friday , packing maximum sustained winds of 105 mph. Little change in strength is forecast during the next 48 hours. [Full Article...]

You can now order food on Facebook

You can now order food on Facebook Users can browse restaurants nearby and link up with the appropriate delivery option. Once you choose one of the services , that is when the actual ordering takes place. order food . By chief_huddleston on FlickrFacebook is launching the ability to order food for pick-up and delivery on the social network. It's another phase of Facebook's continued efforts to make its app extra-sticky, and ... [Full Article...]

Lending offsets bad quarter for trading at JPMorgan Chase

Lending offsets bad quarter for trading at JPMorgan Chase Moreover, Dreman Value Management L L C has 0.13% invested in State Street Corp (NYSE:STT) for 2,766 shares. Beacon Financial Group now owns 6,082 shares of the financial services provider's stock valued at $581,000 after acquiring an additional 921 shares in the last quarter. [Full Article...]

Ryanair's top operations boss Michael Hickey resigns in wake of rostering crisis

Ryanair's top operations boss Michael Hickey resigns in wake of rostering crisis In a three-page letter O'Leary apologises for the changes that caused problems with the rota and said he would beat any deal offered to any of its 4,200 pilots by other airlines, if they remained loyal. In his role, Mr Hickey was responsible for scheduling shifts for pilots. He also offers pilots a bonus of €12,000 (£10,700) and promises he will exceed the pay deals offered by rival airlines. [Full Article...]

Netflix Raises Prices, Causing Its Stock To Move To Historic Levels

Netflix Raises Prices, Causing Its Stock To Move To Historic Levels This isn't the first time Netflix has increased its prices and it certainly won't be the last. This, however, is much more important for current Netflix subscribers. The entertainment giant has increased the price on two of the three subscription tiers offered to its 52 million USA subscribers. Netflix has more than 53 million US subscribers to the plan, which includes HD streaming and allo... [Full Article...]

Small Businesses and traders to gain biggest with new GST laws

Small Businesses and traders to gain biggest with new GST laws The Kerala minister said the Council was also looking at a few measures to address the liquidity issues being faced by exporters . The scheme allows small businesses, including eateries, to pay 1-5 percent tax at a fixed rate of the turnover without having to deal with the three- stage filing process. [Full Article...]

Jo Bertram: Uber's boss in London to leave firm

Jo Bertram: Uber's boss in London to leave firm Softbank will also acquire a 14% to 17% stake in Uber by buying shares from existing investors through a tender off, the person familiar with the mattter told Business Insider. Kalanick had power over those two empty seats, and he appointed Xerox chairwoman Ursula Burns and former Merrill Lynch CEO John Thain. Since then, Benchmark and Mr. [Full Article...]

Militants attack Indian forces in Jammu-Kashmir

Militants attack Indian forces in Jammu-Kashmir However, in order to avoid the increasing inconvenience, passengers are being let in at Srinagar Airport after thorough checking. Residents of the area said that they heard dozens of loud explosions which rattled entire Humaham and its adjoining neighbourhoods. [Full Article...]

Liquor baron Vijay Mallya arrested in London

Liquor baron Vijay Mallya arrested in London Mallya has repeatedly refused to appear before courts and investigators in India since he secretly fled to United Kingdom in 2016, after defaulting on loan payments to state-owned banks and allegedly misusing the funds. CBI questioned Mallya in December 2015. The arrest was made on fresh documents presented before the magistrate court. The ED in a statement said that the process for extradit... [Full Article...]

Tesla has only produced 260 Model 3s so far

Tesla blames bottlenecks on a mere "handful" of subsystems at its manufacturing plants for the weak figures. "They're likely three or four weeks behind on the Model 3 ramp", Ben Kallo, an analyst at Robert W. Model 3 . Image source: Tesla . However Kawasaki Wealth & Investment Management CEO Ross Gerber told the wire service that while Musk " never made a number", he had faith in the i... [Full Article...]

Volkswagen to take €2.5bn hit from emissions scandal

Volkswagen to take €2.5bn hit from emissions scandal Munich prosecutors have named the person taken into custody as Wolfgang Hatz, former board member at VW unit Porsche . So the brands lose a champion on that front, while other high-ranking VW Group executives with suspected ties to the diesel scandal likely won't be sleeping well for the foreseeable future. [Full Article...]

Roku spikes more than 10 percent on opening day of trading

Roku spikes more than 10 percent on opening day of trading Now it has to compete with devices from Amazon , Google, and Apple . With all three offering boxes for streaming videos features the most popular apps such as Hulu and Netflix. Shares of Roku jumped more than 50% above its IPO price as of midday trading Thursday, indicating strong investor demand for the streaming device company. [Full Article...]

Oil gains as producers say market is re-balancing

Oil gains as producers say market is re-balancing The Organization of the Petroleum Exporting Countries, Russia and several other producers have cut production by about 1.8 million barrels per day (bpd) since the start of 2017. The higher price of oil is also expected to translate into higher prices at petrol pumps, which could push inflation above 3%. On Friday it said the reduction had helped to lift oil prices by about 15% in the past three ... [Full Article...]

Yellen mum on whether she'll lead the Fed again

The Fed described the USA economy as healthy, with moderate growth, solid job gains, momentum in business fixed investment and low inflation. US benchmark 10-year Treasury note yields rose as far as 2.29 percent, the highest since August 8., a move which helped push bank stock prices higher also. [Full Article...]

What Do Analysts Suggest For Kimco Realty Corporation (KIM)

What Do Analysts Suggest For Kimco Realty Corporation (KIM) It has underperformed by 16.70% the S&P500. Allianz Asset Management Gmbh augmented its ownership by buying 6,114 shares an increase of 18.6% in the quarter. Its up 0.14, from 0.89 in 2016Q3. Janus Capital Management LLC owns 164,476 shares valued at $4,605,000. 123 funds opened positions while 351 raised stakes. [Full Article...]

Toys 'R' Us CEO Says Bankruptcy Marks 'Dawn of a New Day'

Toys 'R' Us CEO Says Bankruptcy Marks 'Dawn of a New Day' The company, which operates 1,695 stores (including Babies R Us) and does business in 38 countries with 64,000 employees, said its physical and web stores will operate "as usual" as it heads into the holiday season. And yeah, OK, maybe we were all partly to blame. Mastermind Toys says it plans to open a new store in Sudbury in late fall. So is this the end of Toys "R" Us? With $400 milli... [Full Article...]

Theresa May Chides Trump For Hasty Response To London Tube Attack

Theresa May Chides Trump For Hasty Response To London Tube Attack Mark Rowley, assistant police commissioner for London's Metropolitan Police, commonly referred to as Scotland Yard , said the public would see a heightened police presence at transport hubs and urged anyone with images of the incident, or knowledge of the attack, to contact authorities. [Full Article...]

Stadium Group PLC (SDM.L) Sees The Tape Move Mid-Market

Stadium Group PLC (SDM.L) Sees The Tape Move Mid-Market Its up 7.38% from 4.75M shares previously. The stock decreased 0.67% or $0.31 during the last trading session, reaching $45.92. Traders are a little more bullish on shares of Astrazeneca PLC of late if you take into consideration the decrease in short interest. [Full Article...]

Apple TV 4K Adds Pixels, HDR for $179

Apple TV 4K Adds Pixels, HDR for $179 Additionally, 4K movies will be the same price as HD movie in iTunes, and customers will receive an automatic upgrade to 4K if they bought HD movies. Pre-orders begin on September 15 and shipments start on September 22. As expected Apple announced availability of 4K and HDR-enabled iTunes videos. The Apple TV 4K will also have a built-in 4K video scaler to improve the look of HD content so tha... [Full Article...]

Recession Officially Over for Median Household Income

Recession Officially Over for Median Household Income After two straight years of solid income gains, the median American household last year essentially earned the same as it did in 1999, when incomes peaked at $58,665. The official poverty measure dropped to 12.7 percent, down from 13.5 percent last year, and 14.8 percent the year before that. Nevertheless, the Census data indicates that the most recent income gains have pushed household income clo... [Full Article...]


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