Markets


United Airlines buys naming rights to LA Coliseum in record deal United Airlines buys naming rights to LA Coliseum in record deal
- May 19, 2017

United Airlines may be paying $70 million over a 15-year period for the right to put the company's name and logo on the 94-year old stadium. As of now, an official name for the stadium - and how United will be incorporated - is unclear. Two years ago, USC reportedly began shopping naming rights for the LA Coliseum. It is a busy time in the Los Angeles area football stadium business. (more...)
Average US 30-year mortgage rate slips to 4.02 percent Average US 30-year mortgage rate slips to 4.02 percent
- May 19, 2017

Bond prices rose as investors shunned riskier assets. The unadjusted purchase index also decreased by 3% for the week, and it is now 9% higher year over year. Mortgage rates fell over the week ahead of the steep decline in the US stock market, Freddie Mac reported. USA markets have been in turmoil this week over concerns about President Donald Trump's economic agenda. (more...)
Does Trump Have Tapes of His Comey Conversations? Does Trump Have Tapes of His Comey Conversations?
- May 19, 2017

Only 40% of those surveyed approve of the job being done by the Trump administration, while 54% do not, the survey found. The person who described the Comey memo to the AP was not authorized to discuss it by name and spoke on condition of anonymity. (more...)
Trump 'asked Federal Bureau of Investigation chief to end Flynn probe' Trump 'asked Federal Bureau of Investigation chief to end Flynn probe'
- May 19, 2017

We have an obligation to carry out our oversight, regardless of which party is in the White House. However, the House of Representatives Speaker Paul Ryan said that he has full confidence in Trump. "I think we could do with a little less drama from the White House on a lot of things so that we can focus on our agenda", McConnell told Bloomberg News. (more...)
Over 60 electoral 'violations' in run-up to Iran vote: judiciary
- May 19, 2017

Since 1981, every Iranian president has won re-election. If no candidate wins more than 50% of the vote in the first round, the top two candidates go to a second-round run-off. The voting date for the 12th presidential and 5th city and council elections is May 19. Ghalibaf's withdrawal "was likely an orchestrated move to shore up support behind a single principlist candidate, and pose a potent challenge to Rouhani", said Behnam Ben Taleblu, an Iran analyst at the Foundation for Defense of ... (more...)
Canada warns it may cancel US jet buy over Bombardier probe Canada warns it may cancel US jet buy over Bombardier probe
- May 19, 2017

Lobbyists, lawyers and aerospace executives crowded the room for a little battle playing out in the broader context of the day's larger trade news: the USA announcement that NAFTA renegotiations will start in the next 90 days. If the commission determines that the Bombardier sale to Delta unfairly damages US industry the Commerce Department will continue its investigations and render a preliminary countervailing duty determination in July, followed by a preliminary antidumping determination in ... (more...)
US scorns intercept by Chinese jets of US radiation sniffing plane US scorns intercept by Chinese jets of US radiation sniffing plane
- May 19, 2017

While on a routine mission, two Sukhoi Su-30 fighter aircrafts intercepted the US "sniffer" as it flew over the East China Sea. A USA aircraft that specializes in detecting radioactive debris after a nuclear detonation was intercepted by two Chinese fighter aircraft in global airspace near the Korean peninsula. (more...)
Applications for US jobless aid fell to 3-month low of 232K Applications for US jobless aid fell to 3-month low of 232K
- May 19, 2017

Data for the prior week was unrevised and claims have now decreased for three consecutive weeks. Economists polled by Reuters had estimated initial claims to rise to 240,000 in the latest week. To get out ahead of possible inflation, the Federal Reserve has raised its benchmark interest rates twice since December and forecasts another two increases this year. (more...)
Salesforce posts better-than-expected quarterly revenue (CRM) Salesforce posts better-than-expected quarterly revenue (CRM)
- May 19, 2017

Shares of salesforce .com, inc. Receive Salesforce .com Inc News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Salesforce .com Inc with MarketBeat.com's FREE daily email newsletter . (more...)
Times Square crash victim was 18-year-old Michigan woman
- May 19, 2017

Police say a 26-year-old man was in custody and was suspected of driving while intoxicated. Even though he had some trouble finding a job due to his personal struggles, he seemed to be in good spirits these days, according to a friend who partied with him the night before his driving rampage. (more...)
Facebook will live-stream 20 Major League Baseball games starting tomorrow Facebook will live-stream 20 Major League Baseball games starting tomorrow
- May 19, 2017

These games will be streamed weekly in a national telecast on Friday nights, accessible to Facebook users in the US. The Facebook package of 20 games will use the broadcast feed of one of the involved teams. The first of 20 game broadcasts on Facebook will begin tomorrow at a Colorado Rockies-Cincinnati Reds matchup (7:10 p.m. ET), with additional games to be announced at a later date. (more...)
Foreign property investors hit hard in Australian budget
- May 19, 2017

And the ultimate sign of getting the message is the abandoning of the so-called zombie measures - the cuts from the 2014 budget the senate refused to pass. "This budget is about making the right choices to secure the better days ahead", Mr Morrison told parliament on Tuesday. Universities will get 2.5 percent less government funding over the next two years and students will have to pay more for their degrees. (more...)
Wal-Mart's first-quarter comparable sales beat estimates Wal-Mart's first-quarter comparable sales beat estimates
- May 19, 2017

Operating income at Sam's Club stores rose 0.2% in the quarter. "Target Restock is a great start for Target to regain customers lost to Amazon , but Target may look to expand its efforts within Restock to the category of apparel" because of how important clothing is to Target's focus on style, said Matt Sargent, senior vice-president of retail at the Magid consulting firm. (more...)
Prime Reading Promises Thousands of Books and Comics for Amazon High Rollers Prime Reading Promises Thousands of Books and Comics for Amazon High Rollers
- May 19, 2017

Previously, Amazon only published hourly rankings of top selling books in specific categories such as science fiction and mystery. Amazon Prime Reading, which was first launched in September 2016, was only available to Prime subscribers in the United States and now has been rolled out to its UK-based customers. (more...)
EU fines Facebook over misleading information EU fines Facebook over misleading information
- May 19, 2017

The EU antitrust body fined Facebook on Thursday for giving misleading information in 2014 during the vetting of its WhatsApp deal , Reuters reports . However, the commission noted Facebook acknowledged its errors when the investigation was opened and waived its right to a hearing - making the investigation more expedient - and adjusted the fine accordingly. (more...)
China's first homegrown passenger plane takes to the sky for maiden flight China's first homegrown passenger plane takes to the sky for maiden flight
- May 19, 2017

The narrow-body C919 jet - white with green and blue stripes - soared over Pudong global airport in the commercial hub Shanghai as a crowd of thousands cheered. China has a plan to overtake the USA by 2030 as the world's largest commercial aviation market. The C919's first test flight had been due to take place in 2016 but was delayed. (more...)
McCarthy: Comment that Putin is paying Trump was bad joke
- May 19, 2017

Groysman underlined Russia's intentions, saying "They're just going to roll right through us and go to the Baltics and everyone else", according to Ryan's summary of the remarks. Ryan: The Russian's [sic] hacked the DNC... Ryan (R-Wis.), who was one of several lawmakers in attendance, asked the people at the meeting to keep the congressman's comments to themselves. (more...)
Uber Freight Has Officially Arrived Uber Freight Has Officially Arrived
- May 19, 2017

The app, available for Android and iOS devices, is very similar to the Uber app. Global ride hailing service, Uber, has launched its newest platform Uber Freight , in an effort to digitally transform freight haulage. The formal launch of the app marks Uber's long-anticipated move into the trucking industry - potentially disrupting one of the most popular professions in the U.S. (more...)
Kuwait backs call to extend oil output cuts Kuwait backs call to extend oil output cuts
- May 19, 2017

Brent crude, the worldwide benchmark for crude oil, gained around $1.53 to trade at $52.37 per barrel on the global market. Global crude oil supply inched down by 140,000 barrels daily last month, to 96.17 million bpd, the International Energy Agency said in the latest edition of its Oil Market Report . (more...)
England's emergency units open 'as normal' again after cyber attack
- May 19, 2017

A spokesperson said: 'We remain vigilant in alerting NHS organisations to known cyber security threats and advising them of appropriate steps to take to minimise these risks; in addition to protective near real time monitoring of national NHS IT services and systems, which are unaffected by this issue. (more...)

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