Markets


US Fed Chair says case for another rate hike has strengthened US Fed Chair says case for another rate hike has strengthened
- August 27, 2016

Federal Reserve: In Jackson Hole, Wyoming, Yellen told a conference of central bankers that the US economy might be strong enough for an interest rate hike. "In contrast, the federal funds rate averaged more than 7% between 1965 and 2000". A rise in rates would increase the opportunity cost of holding non-yielding bullion, while simultaneous boosting the dollar, which the metal is priced in, making gold more expensive to foreign currencies. (more...)
Autonomous taxi service trial begins in Singapore
- August 27, 2016

The autonomous vehicle software startup and spinoff of the MIT made its public trial and it is now underway. Although the cars will be self-driving, there'll still be a driver in the auto available to act as a backup in case of emergency and to monitor the performance. (more...)
'Burkini' Wins Over French Legal Battle, Ban Suspended
- August 27, 2016

Opinions polls suggested most French people backed the bans, which town mayors said were protecting public order and secularism. But critics denounced the move as discriminatory and illegal. Muhammad added that his group received 15 reports of discrimination against Muslim women on French beaches in the last two weeks, even though the women were in hijab and not burkini swimsuits. (more...)
Stock markets rise, Canadian dollar edges up after U.S. Fed speech Stock markets rise, Canadian dollar edges up after U.S. Fed speech
- August 27, 2016

Janet Yellen yesterday declared that the case for another interest rate rise in the United States has "strengthened" - setting the scene for a hike before the end of the year. In advance of Yellen's speech Friday, George, Fischer and eight other Fed officials met Thursday with about 120 activists from the Campaign for Popular Democracy's Fed Up coalition. (more...)
Case stronger now for interest rate hike: US Federal Reserve
- August 27, 2016

Federal Reserve Chairwoman Janet Yellen's speech to the Jackson Hole summer retreat was "consistent" with a possible two rate hikes this year, her top deputy said Friday. As expected, this was a rehash of the Fed's consistent line that interest rates will rise gradually and the FOMC will remain data-dependent in its decision-making. (more...)
Couple suspected of kidnapping three children in police custody
- August 27, 2016

Brittany Humphrey and Joshua Robertson, who were wanted for allegedly kidnapping three children after the killing of their mother, have been arrested in Pueblo, Colorado, according to the Los Angeles County Sheriff's Information Bureau. Ryle Watkins, 5, Brayden Watkins, 3, and Joslynn Watkins, 2, were found safe Wednesday at a motel in Albuquerque. The children's father died previously, but they have a grandmother in Fresno, authorities said. (more...)
EpiPen price increase draws criticism from Hillary Clinton, others
- August 27, 2016

So it's a huge cost on the patient. "I think we are going to see an increase in anaphylactic episodes, and it's truly a tragedy", she said. A spokeswoman for Mylan emailed a written statement from the company to CNN. Mylan also noted that in 2015, its patient assistance program led to nearly 80 percent of commercially insured patients receiving the auto-injector. (more...)
Browns' Josh Gordon comes down with 43-yard TD catch against Bucs
- August 27, 2016

His rating was buoyed by the touchdown, as he played the first half and finished with a 108.9 rating. Vincent Jackson added 78 yards on four grabs. The team proved as much against the Packers when Robert Griffin III launched a 49-yard pass to Terrelle Pryor on the first offensive play from scrimmage. (more...)
Storm Lester becomes a hurricane in the Pacific, says USA monitor Storm Lester becomes a hurricane in the Pacific, says USA monitor
- August 27, 2016

YOUR FREE WECT MOBILE WEATHER APP: Get interactive radar, targeted severe bulletins, location-specific hour-by-hour forecasts, marine and tide data, long-range outlooks, tropical storm statistics and forecast tracks, and much more! "And those are two enemies of a tropical cyclone trying to develop", the Miami Herald quoted National Hurricane Center spokesman Dennis Feltgen as saying. (more...)
Islamic-Christian group warns of new settlement plan in Hebron
- August 27, 2016

Israeli settlers and security forces have argued that the land belonged to Jews before the creation of the state of Israel in 1948, and that the settlement was planned long before the land was seized by the military, according to Haaretz. Despite the continued deadlock, a new Israeli-Palestinian poll released Monday showed that a narrow majority on both sides still favor a peace settlement that would establish a Palestinian state alongside Israel. (more...)
Surrogacy Bill against commercial surrogacy which is a money making racket: BJP Surrogacy Bill against commercial surrogacy which is a money making racket: BJP
- August 27, 2016

Ahmedabad-based Surrogacy and IVF expert Himanshu Bhavishi said the implications of the Bill will hit infertile couples the most."Surrogacy will become nearly nil in the state after this Bill". External Affairs Minister Sushma Swaraj had said that the bill was introduced as India emerged as a surrogacy hub for couples, and added that the government is aware of unethical practices.Criticising the practice of commercial surrogacy, Swaraj said, "What started as a need, has now turned into a hobby". (more...)
World's first self-driving taxis launched by nuTonomy in Singapore
- August 27, 2016

The first company to get permission from the government of Singapore to test self-driving cars, nuTonomy is a software developer set up in 2013 by two researchers from MIT who specialise in robotics. Besides Singapore, nuTonomy is operating self-driving cars in MI and the United Kingdom, where it tests software in partnership with major automotive manufacturers such as Jaguar Land Rover. (more...)
Dampened output hopes lead to drops in oil prices
- August 27, 2016

Away from the crude market, precious metals endured another volatile session after US Federal Reserve Chair Janet Yellen said the case for an American interest rate rise had "strengthened in recent months". However, in case the major oil kingpins had a change of mind and the central bank still couldn't foresee a stable United States economy, the Canadian dollar will rebound eventually. (more...)
Oil prices drop as output hopes dampen
- August 27, 2016

Iranian oil minister Bijan Zanganeh on Friday said his country wanted its pre-sanctions share of the crude market, in comments that suggested Tehran might not be on board with efforts in the Opec cartel to agree on an output cap together with Russian Federation. (more...)
Colombia, FARC rebels reach deal to end half-century war
- August 27, 2016

Santos' announcement came shortly after government and guerrilla negotiators announced they had finalized a peace deal after more than five years of talks. The FARC were forced to the negotiating table in 2012 after a decade of heavy battlefield losses inflicted by the USA -back military. Over the past few days, the government and the Revolutionary Armed Forces of Colombia (FARC) have been discussing a range of unresolved topics, and worked late into the night Tuesday to draft a joint ... (more...)
At least 8 tornadoes hit Indiana Wednesday
- August 27, 2016

The EF3 tornado that swept through the south side of Kokomo, Indiana, on Wednesday afternoon packing winds as high as 152 miles per hour toppled a Starbucks coffee shop and tore apart numerous homes. But players and coaches from both teams will volunteer for cleanup duties. Authorities say between 15 and 20 people suffered injuries but none were severe. (more...)
Historic celebration at Independence Nat'l Historical Park Historic celebration at Independence Nat'l Historical Park
- August 27, 2016

Glacier Park officials say in order for the park to move forward the next 100 years they need to come up with solutions to handle increased visitation, new recreational experiences and adjust to rapidly evolving technology. Donated by Burt's Bees co-founder Roxanne Quimby, the expanse features views of Mount Katahdin, the tallest mountain in Maine. Both the Thursday and Saturday events will include from noon to 1 p.m., "Coffee with the Superintendent", an opportunity to ask the ... (more...)
Markets stir as Yellen eyes case for rate rise
- August 27, 2016

The forecast is for the unemployment rate to dip one-tenth of a percentage point to 4.8 percent. She also noted that while inflation is still running below the Fed's target of 2%, it is being depressed mainly by temporary factors. David Donabedian, chief financial officer of Atlantic Trust Private Wealth Management, said in a note that the market's initially positive reaction may have been attributable to "her relaxed view on inflation", which suggested "a very slow path toward higher rates". (more...)
Fed's Kaplan: Case strengthening for rate hike soon Fed's Kaplan: Case strengthening for rate hike soon
- August 27, 2016

So I think that is affecting global pricing. However she added she doesn't want to raise rates so much that the Fed slows down an already slow-growing economy. Recent jobs reports have also been encouraging. In July, the USA economy added 255,000 jobs, significantly more than economists' expectation of 180,000 job gains. (more...)
Team USA men's basketball closes out Rio games
- August 27, 2016

It was a close contest to start, as the US led 19-15 after one, before Kevin Durant came to life. Despite going into these games as the overwhelming favorites, Team USA wasn't almost as dominant as their Olympic predecessors have been. (more...)

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