Markets


Man sues American Airlines for 'sitting him next to obese passengers' Man sues American Airlines for 'sitting him next to obese passengers'
- May 06, 2017

Seated in the window seat, Taylor said the encroachment of the passengers next to him triggered a flare up of his scoliosis and caused permanent injuries to his lower and upper back, as well as bruising of his neck. His issue is with the airline, which he says "could have put me in a crew seat or moved people around but they did nothing", despite his repeated requests. (more...)
Tottenham Hotspur still want to finish season strongly, says Eric Dier
- May 06, 2017

London Stadium came to life in the second half after a goalless first 45 minutes without very many opportunities for either team. Despite the shock results , Spurs chief Mauricio Pochettino was quick to suggest the title race is not over. (more...)
Klitschko 'one punch' from knocking Joshua out
- May 06, 2017

Joshua added the WBA heavyweight title to his IBF belt with a thrilling knockout victory over Wladimir Klitschko in 11 rounds at Wembley Stadium last night. I feel like it could've been his fight but I guess the better man won on the day. The other two judges - Don Trella and Nelson Vazquez - had Joshua up 96-93 and 95-93, respectively. (more...)
Fox's Legendary Hypocrisy Is On Full Display With Today's Underwhelming GDP Report
- May 06, 2017

According to economists surveyed by the Wall Street Journal , first-quarter growth was projected to increase at 1 percent. The expected sluggish first-quarter growth pace, however, is not a true picture of the economy's health. The Federal Reserve, in fact, has begun raising interest rates to ensure that the tight job market doesn't trigger high inflation pressures. That broadening-out of demand across the USA economy should create a solid picture for the consumer in the second quarter, ... (more...)
Chinese-Made Passenger Jet Takes Off For Its First Test Flight
- May 06, 2017

The flight lasted 90 minutes with the plane hitting a maximum speed of 170 knots. The C919, a twin-engine airliner created to compete with the Airbus 320 and Boeing 737, took off from Shanghai's Pudong global airport in the early hours of Friday. (more...)
Oil Prices Turn Corner After WTI Dips Below $45
- May 06, 2017

The turbulence comes after prices yesterday dropped to the lowest level since November 2016, when the Organisation of the Petroleum Exporting Countries (Opec) agreed to cut production in order to rebalance the oversupplied market. And while actual production figures from OPEC members are lower, what's showing up on the market paints a different picture. "The energy complex is slowly succumbing to an opinion that this year's OPEC production cuts have been ineffective", Jim Ritterbusch, ... (more...)
House GOP blocks Dem efforts to protect consumer watchdog House GOP blocks Dem efforts to protect consumer watchdog
- May 06, 2017

After almost 23 hours of debate, House lawmakers on Thursday advanced one of President Trump's top promises to dismantle the "horrendous" Dodd-Frank financial regulations that were put in place during the Obama administration. They said Hensarling's bill would gut consumer protection and allow banks to make the kind of risky investments that required taxpayers to come to the rescue of the nation's largest financial institutions almost a decade ago. (more...)
Marine Le Pen separates herself from Front National Marine Le Pen separates herself from Front National
- May 06, 2017

Seeking to capitalize on her momentum, Le Pen has attempted to distance herself from her own party, saying she was not the candidate of the National Front, only supported by it, and was in fact the " candidate of the people" fighting the " candidate of the oligarchy". (more...)
Earnings On Deck For Medical Properties Trust, Inc Earnings On Deck For Medical Properties Trust, Inc
- May 06, 2017

Heading into the earnings release, covering analysts have a consensus target price of $14.00 on Medical Properties Trust, Inc. shares. Deutsche Bank initiated the shares of MPW in report on Friday, July 22 with "Buy" rating. This is an increase from Medical Properties Trust's previous quarterly dividend of $0.23. The ex-dividend date of this dividend was Tuesday, March 14th. (more...)
Mississippi, Missouri rivers will crest Saturday, bringing Mississippi, Missouri rivers will crest Saturday, bringing
- May 06, 2017

Authorities urged residents to evacuate a small Missouri River town and halted traffic along a busy section of the Mississippi River near St. Louis on Wednesday, as relentless rain and an ominous forecast hovered over parts of the flood-soaked Midwest. (more...)
US jobs report shores up markets but oil weakens further
- May 06, 2017

In agreement made previous year, OPEC, Russia and other producers announced goals to curb production by 1.8 million barrels per day (bpd) for six months from January 1. West Texas Intermediate for delivery next month dropped as much as US$1.76, or 3.9 percent, to US$43.76 a barrel on the New York Mercantile Exchange. (more...)
Delta Apologizes After Booting Parents Who Refused to Give Up Child's Seat
- May 06, 2017

Schear said the seat he was asked to give up had originally been bought for his 18-year-old son Mason, who ended up going home on an earlier flight so the younger child could use it. Initially the two youngest children were going to sit on their parents' laps, but when their teenage son opted to travel on another flight - having had a seat booked - they seated Grayson in his seat instead. (more...)
North Korea accuses United States of assassination plot against Kim Jong Un North Korea accuses United States of assassination plot against Kim Jong Un
- May 06, 2017

South Korea has said the North retains rocket artillery systems with the units, including the weapons that were used to attack the South Korean island seven years ago. The comments were released days after China had attempted to put North Korea on a timeout for ramping up its nuclear weapons talk and testing. While Western security sources said the allegation should be treated with skepticism because Pyongyang has an unproven history of such accusations, a statement by North Korea's Ministry ... (more...)
ACLU: President Trump's 'Religious Liberty' Executive Order Has 'No Discernible Policy Outcome' ACLU: President Trump's 'Religious Liberty' Executive Order Has 'No Discernible Policy Outcome'
- May 06, 2017

The Johnson Amendment itself prevents all 501 (c)(3) non-profit organizations from officially endorsing political candidates, which means, tax-exempt churches, temples, and religious spaces are not allowed to give political speeches . (more...)
Activists fear rights erosion after United States decision in Louisiana case
- May 06, 2017

The Justice Department's report summary said the officer pointed the gun at Sterling's head when he did not comply with commands to put his hands on the hood of a auto after police showed up. But the Justice Department said while Sterling's death is "tragic" it does not meet the "high legal standard" necessary to charge the officers with wrongdoing. (more...)
Warren Buffett has sold off a third of Berkshire Hathaway's IBM stakes
- May 06, 2017

Buffett has been buying Apple for the past year, and it has enjoyed steady gains in stock price. But growth in these new businesses has not been enough to outweigh the continuing shrinkage of IBM's core business, leading earlier this year to the 20th successive quarter of annual revenue declines. (more...)
Oil prices slide below $45 per barrel
- May 06, 2017

The selloff in part was because of the return of OPEC members in Libya to the marketplace and the fact that while OPEC said they would extend their production cut, it was unlikely that it would be expanded. OPEC's combined water-borne shipments of almost 24 million barrels a day in March were up slightly from October levels, before OPEC hammered out the deal to cut output. (more...)
COMAC C-919: China's indigenously developed jetliner takes off
- May 06, 2017

The state company formed a 50:50 partnership previous year with Russian counterpart United Aircraft Corp to develop a longer-haul passenger plane, with the companies earmarking a maiden flight in 2022, with deliveries beginning as early as 2025. (more...)
Fed leaves rates unchanged but signals further hikes ahead
- May 06, 2017

The Federal Reserve, led by chair Janet Yellen, said it viewed the slowdown in US GDP growth to 0.7% in Q1 "as likely to be transitory", raising investor expectations for a rate increase next month. The jobless rate has fallen to a level officials see as consistent with their maximum-employment mandate, and inflation is near the Fed's 2 per cent goal, even if price gains slowed in March. (more...)
Gold edges up, but holds near 6-week low on hawkish Fed
- May 06, 2017

United States central bankers stuck to their outlook for gradual monetary-policy tightening after they left interest rates unchanged and showed no alarm over recent economic weakness. While it gave no explicit direction, the committee pointed to a resilient jobs market - with unemployment running at 4.5% and pay growth rising - coupled with inflation "running close" to its 2% target, as evidence the economy remained strong despite weaker-than-expected first quarter growth. (more...)

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