Markets


Upstate NY lags behind NYC, rest of country in job growth Upstate NY lags behind NYC, rest of country in job growth
- August 27, 2016

DiNapoli's report found upstate areas have recovered 79 percent of the 128,000 jobs lost during the recession. "On the surface, New York's economy has rebounded from the Great Recession", Comptroller Thomas DiNapoli said in a prepared statement accompanying the report. (more...)
Yellen sees rate hike coming but offers no timetable
- August 27, 2016

The main reason is that Yellen's speech at Jackson Hole was positive on the USA economy and neutralized any talks of an immediate rate hike, though her take on inflation was still weak. United States stocks ended modestly lower after a volatile session, having bounced between gains and losses as investors wrestled with the likely timing of a United States interest rate hike following comments from top Federal Reserve officials. (more...)
24-hour subway service to begin running in London
- August 27, 2016

The British capital is unveiling the weekend service Friday — three years after it was first proposed. Night Tube services are expected to add £6.4bn to the London economy by 2030, creating 500,000 jobs, TfL said. We will charge standard off-peak fares for travelling on the Night Tube. Additionally, services could operate on parts of the London Overground in 2017 and the Docklands Light Railway by 2021. (more...)
Tesla clears U.S. antitrust hurdle for SolarCity deal Tesla clears U.S. antitrust hurdle for SolarCity deal
- August 27, 2016

A complete energy package could be further enhanced with Tesla's solar batteries, which can store energy for times when the sky is cloudy or the solar panels have taken in more power than the household needs. "While the P100D Ludicrous is obviously an expensive vehicle, we want to emphasise that every sale helps pay for the smaller and much more affordable Tesla Model 3 that is in development", the carmaker said in a blog post. (more...)
World's First Self Driving Taxi 'nuTonomy' Debut In Singapore
- August 27, 2016

Autonomous vehicle software startup nuTonomy has began to offer selected members of the public free rides in an Uber style pickup service in a controlled 2.5 square mile area around One-North. The business says dozens have registered for the launch, and it plans to broaden that list to thousands of individuals within some of the months. "When you are able to take that many cars off the road, it creates a lot of possibilities". (more...)
Fed's Yellen says case for interest rate hike has strengthened
- August 27, 2016

USA government bond yields rose Friday after comments from Federal Reserve officials revived bets that US interest rates will rise this year. Then, when Yellen turned hawkish, stocks slumped into the red with the chances of a September rate hike increasing. (more...)
NEW Emotional Goodbye from Tragically Hip
- August 27, 2016

Among those at the show was the Canadian prime minister, Justin Trudeau, who previously said Downie "has been writing Canada's soundtrack for more than 30 years". "I love my idea of this country". "Amazing seeing the viewing parties worldwide ... expats everywhere, we are all in Kingston tonight!", said one tweet . (more...)
Gold edges off 4-week low ahead of Yellen speech
- August 27, 2016

Spot gold was up 0.6 percent at $1,329.22 an ounce at 1321 GMT, while US gold futures for December delivery were up $7.90 an ounce at $1,332.50. "The US Dollar Index, mired in an apathetic lull the past several days, is in the midst of posting its widest daily trading range of the week on the back of Chair Yellen´s commentary", said Vecchio. (more...)
Brean Capital Increases PVH Corp. (PVH) Price Target to $122.00 Brean Capital Increases PVH Corp. (PVH) Price Target to $122.00
- August 27, 2016

The company reported $1.47 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.29 by $0.18. State Street Corp boosted its stake in shares of PVH Corp .by 0.7% in the first quarter. Finally, Acadian Asset Management LLC raised its position in shares of PVH Corp .by 214.6% in the first quarter. Of the 10 broker recommendations provided, PVH Corp . (more...)
No pathway for legal status for illegal immigrants: Donald Trump
- August 27, 2016

Forget immigration. If Trump hopes to win, he'll also have to make a powerful, and detailed, public case against Hillary Clinton's highly questionable ethics and possible criminal behavior in the three debates they have scheduled. He vowed to build a wall on the Mexican border, called Mexicans "rapists" in his kick-off speech and said every immigrant in the country illegally would be detained and forced out. (more...)
California Toughens Greenhouse Gas Emission Rules
- August 27, 2016

The state now is on track to meet its current goal, which seeks to reduce emissions that can hold in heat to 1990 levels by the year 2020. It is legally joined with a separate bill, SB 32 , which would extend in law the state's target for reducing greenhouse gas emissions to 2030, at which time emissions would have to be reduced to 40 percent below 1990 levels. (more...)
Mylan Offers Savings for EpiPens after Price Surge Criticisms Mylan Offers Savings for EpiPens after Price Surge Criticisms
- August 27, 2016

Independent Journal Review talked to two of them. These medications come from around the world. In a letter released to the public, a bi-partisan group of five USA senators on Wednesday asked the Food and Drug Administration about its approval process for alternatives to the EpiPen , which could push the price down for patients and insurers. (more...)
Physicians Realty Trust (DOC) Coverage Initiated by Analysts at BTIG Research Physicians Realty Trust (DOC) Coverage Initiated by Analysts at BTIG Research
- August 27, 2016

The Company invests in various types of industrial real estate, including warehouse/distribution; flex, which include light industrial and research and development (R&D), and trans-shipment. The investment management company now holds a total of 789,675 shares of Lexington Realty Trust which is valued at $8,552,180 after selling 97,900 shares in Lexington Realty Trust, the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Lexington Realty Trust makes up approximately 3.27% of ... (more...)
Cisco (CSCO) CEO Robbins Discussed Q4 Earnings Beat and Layoffs on CNBC Cisco (CSCO) CEO Robbins Discussed Q4 Earnings Beat and Layoffs on CNBC
- August 27, 2016

The layoffs will begin in the first fiscal quarter of 2017. San Jose, Calif . -based Cisco is expected to announce the cuts within the next few weeks, as many early retirement package plans have already been offered to employees, said sources. (more...)
Russian Convicted of Hacking Into US Businesses
- August 27, 2016

Sentence to Seleznev will be delivered on December 2. The U.S. Attorney's Office reports Roman Valerevich Seleznev, 32, who went by the hacker name "Track2", hacked into retail point-of-sale systems and installed malware that allowed him to steal credit card numbers through a server he operated in Russian Federation from various businesses, including a number of restaurants and pizza parlors in Western Washington. (more...)
Futures flat as minutes show Fed divided over rate Futures flat as minutes show Fed divided over rate
- August 27, 2016

The S&P utility index ended up 1.5 per cent in its largest daily percentage gain since the end of June. The Nasdaq Composite Index slipped 0.07 percent. The upbeat mood extended into most European markets with Russian dollar-denominated stocks up 1.2 percent, Turkish stocks up 0.8 percent and Prague shares up 0.3 percent. (more...)
Vacaville Toddler Declared Brain Dead Taken Off Life Support Vacaville Toddler Declared Brain Dead Taken Off Life Support
- August 27, 2016

In May, Stinson was moved to a medical facility in Guatemala , where a pediatric neurologist said Israel was not brain-dead based on an electroencephalogram that showed some brain activity. "Unfortunately, Israel's mother, family, and attorneys, all nonmedical professionals, interpret Israel's spinal reflex as a sign his brain may be functioning or even that he is recovering", Dr. (more...)
Scores Killed After Powerful Quake Hits Italy
- August 27, 2016

Many caught in the quake were foreign tourists or Italians, often from Rome, who had escaped city heat for the cooler temperatures in mountain villages.This annual swelling of the villages has hampered the task of accounting for the dead, injured and missing. (more...)
Pipeline work hasn't resumed in North Dakota
- August 27, 2016

About 100 members of the Native American group demonstrated outside the U.S. District Court for the District of Columbia while others filled a courtroom inside where a legal battle unfolded over the $3.7 billion project that touches four Midwest states including Iowa, where 15 landowners are challenging it in court also. (more...)
US Doubles Down On Saudi Support, Demands Yemen's Houthis Surrender And Disarm
- August 27, 2016

Kristine Beckerle, a Yemen researcher at Human Rights Watch, said that by continuing to sell weapons to the kingdom, the United States "isn't just signaling support for Saudi Arabia, it is in fact supporting Saudi Arabia in Yemen ". (more...)

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