Markets


No Path to Legalization for Undocumented Immigrants No Path to Legalization for Undocumented Immigrants
- August 30, 2016

And since this is "a very, very hard thing", Trump has made a decision to be nice. "If we don't stop [illegal immigration], we don't have a country", he told a crowd of thousands inside an airport hangar at Phoenix-Mesa Gateway Airport. (more...)
It will be idiotic to attack Urjit Patel: Subramanian Swamy It will be idiotic to attack Urjit Patel: Subramanian Swamy
- August 30, 2016

He will take charge in the first week of September when Raghuram Rajan demits office. Additionally, Patel, who is considered to be a major contender for the post, was reappointed in January for another three years and has been in execution of the central bank's monetary policy department, since 2013. (more...)
J.Crew Merchandise Soon Available At Nordstrom Stores J.Crew Merchandise Soon Available At Nordstrom Stores
- August 30, 2016

The latest distribution agreement could mark an opportunity for J. Crew to extend its reach at a time when business is shaky. The J. Crew Group's total company sales decreased 3 percent, and sales at stores open at least a year - so-called "comparable sales" - declined 7 percent in its most recent reported quarter . (more...)
S. Korea's Hanjin Shipping on verge of entering court receivership S. Korea's Hanjin Shipping on verge of entering court receivership
- August 30, 2016

But Hanjin Shipping is not expected to be able to pay about 1 trillion won to 1.3 trillion won in obligations such as charter fees and terminal use fees between 2016 and 2017, even if Hanjin succeeds in renegotiating loss-making charter fees and rolling over existing bank debt, state-run KDB said last week. (more...)
Hillary Clinton solicits debate Hillary Clinton solicits debate "ideas" from donors
- August 30, 2016

Whitman endorsed Clinton earlier this month over fellow Republican Donald Trump, saying she can not support a candidate who has "exploited anger, grievance, xenophobia and racial division". Clinton's allies have floated several options: Rep. Joseph Crowley of NY, who is from Queens, Trump's home borough; James Carville, Bill Clinton's chief strategist in 1992, who has a gift for lacerating banter; or Mark Cuban, another billionaire businessman. (more...)
Hillary Clinton's Lead Cut in Half in New National Poll Hillary Clinton's Lead Cut in Half in New National Poll
- August 30, 2016

But any significant shift could disappoint his core supporters. Trump called Clinton "a bigot;" Clinton accused Trump of allowing hate groups to take over the Republican Party. However, they did not seek to bridge any of the apparent inconsistencies in those positions, a reflection perhaps, of Trump's own unsettled convictions on the issue. (more...)
U.S. assets gain, European shares dip on Fed rate hike bets U.S. assets gain, European shares dip on Fed rate hike bets
- August 30, 2016

Raising interest rates from their rock-bottom levels, where they have been since the 2008 financial crisis, could be a good thing not only for markets but for savers, said Rob Lutts, chief investment officer of Cabot Wealth Management in Salem, Mass. (more...)
BOK chief cites heightened possibility of rate hike in US
- August 30, 2016

At the annual Jackson Hole symposium, various Fed officials provided a roadmap for the United States economy which included at least one rate hike before the year concludes. The S&P 500 slipped 3.43 points, or 0.2 percent, to 2,169.04. The "natural" rate of interest - the real rate consistent with full use of economic resources and steady inflation near the Fed's target level - was near zero and would rise to only 1 percent over the next decade. (more...)
Lowe's Accuses Woolworths Ltd. of 'Bad Faith' in Venture Wind Up Lowe's Accuses Woolworths Ltd. of 'Bad Faith' in Venture Wind Up
- August 30, 2016

Five days ago, Woolworths announced that they will exit the JV - Hydrox, which was formed in 2011 with Lowe's as a one-third partner. Now the big "Yank" hardware retailer Lowes the minor shareholder in the Masters deal and the organisation who claimed they knew how to make Masters a success in Australia, is whinging all the way to the Federal Court in a move as some observers claimed could backfire on them. (more...)
FAA forecast: 600000 commercial drones within the year
- August 30, 2016

And remember, stay low and slow: The drone should remain below 400 feet and never operate faster than 100 miles per hour. Under the rule, known as Part 107 , FAA-approved testing centers can now start administering aeronautical knowledge tests required for drone operators. (more...)
Samsung bringing back Action Memo for the Galaxy Note 7 next month Samsung bringing back Action Memo for the Galaxy Note 7 next month
- August 30, 2016

Meanwhile the Samsung Galaxy Note 7 has a 12 megapixel rear camera and a 5 megapixel front camera. Samsung has yet to address all the rumors surrounding this upcoming smartphone. Limiting the Note pushes the S series as the more important of the two. You can record the on-screen videos as per the required size, capture the screenshots easily, create the documents and draw the designs with the S Pen is made easy. (more...)
Piscotty scores on error in ninth in Cardinals win Piscotty scores on error in ninth in Cardinals win
- August 30, 2016

Brewers RH Zach Davies (10-6, 4.06) Martinez cruised through another efficient turn for his second win in as many tries against the New York Mets on Wednesday, allowing one run and four hits while needing only 97 pitches to complete eight innings. (more...)
Health officials find another local Zika case in Miami-Dade Health officials find another local Zika case in Miami-Dade
- August 30, 2016

If individuals have traveled to Zika-infected areas and suspect they have become infected with the virus, it is recommended that they use safe-sex practices and notify their healthcare provider for further evaluation. "You want to make sure that the people that need to get tested get tested but people are not needlessly anxious and coming in [to get] tested for Zika", said Dr. (more...)
US Markets Dipped post Yellen Remarks, Rebounded Monday
- August 30, 2016

Elsewhere, traders seemed less certain with most world stock markets dipping as they tried to second-guess the Fed's timing of its next rate rise. Among the first data to be scrutinized will be US consumer confidence for August, due Tuesday, productivity, manufacturing and construction figures on Thursday, and August non-farm payrolls data rounding out the week on Friday. (more...)
EpiPen maker Mylan to offer generic amid price flap
- August 30, 2016

It will hit shelves within several weeks at a list price of $300 for a two-pack carton in dosages of either 0.15 milligrams or 0.30 mg, the company said. Leerink Partners said that the generic launch only removed a near-term pricing lever for Mylan as they expect the launch of Teva's version in 2018 to become a pricing headwind. (more...)
MediaTek invests Rs 400 crore in One97 MediaTek invests Rs 400 crore in One97
- August 30, 2016

When contacted, Paytm refused to comment on the matter. If this round goes through, Paytm will stand at a valuation of around United States dollars 5 Billion. Set up earlier this month, Paytm E-commerce Pvt Ltd, will house the marketplace. Paytm uses its payment service to help direct traffic to its other businesses, like e-commerce. (more...)
Police seize mobiles from Irish Olympic officials in ticket tout probe Police seize mobiles from Irish Olympic officials in ticket tout probe
- August 30, 2016

Laptops and mobile phones of a trio of Ireland's Olympics' officials have been taken by Rio police. Hickey, who was last week arrested as part of an investigation into ticket touting at the Olympic Games, is now being held in Bangu prison in Rio de Janeiro. (more...)
Fed's George: Time for U.S. to Raise Rates
- August 30, 2016

The Fed raised rates for the first time in more than nine years in December. "We're [also] making frustratingly slow progress, but some progress on inflation", he continued. Federal Reserve Chair Janet Yellen gave signs that an increase in the federal funds rate would soon be coming, during a speech she delivered at the Economic Policy Symposium in Jackson Hole, WY on Friday morning. (more...)
Brook Osweiler solid in Texans' 34-24 victory over Cardinals
- August 30, 2016

Osweiler led the Texans to scores on three of his four drives. But in Houston's second preseason game , this time against the New Orleans Saints, Osweiler was able to spread his wings with 12 completions on 19 attempts, hitting Miller and Fuller a combined five times. (more...)
Michael Jackson's Kids Pay Tribute to Their Late Father on His Birthday Michael Jackson's Kids Pay Tribute to Their Late Father on His Birthday
- August 30, 2016

The video that many believe made music videos much more than mere promotions for the album, Thriller was in fact a package in itself with unbelievable visual affect and Michael Jackson in twinkle toes mode. The teen noted many admirers of his father only "know the Legend and the Myth". His younger sister, Paris, also shared the sonnet and added: "Love this. (more...)

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