Markets


Ranieri wants answers from Leicester players after Old Trafford thrashing Ranieri wants answers from Leicester players after Old Trafford thrashing
- September 25, 2016

Meanwhile, United skipper Wayne Rooney fears he will be axed for today's heated encounter. Whoever he picks, it's a mouth-watering strikeforce, at least on paper. Leicester got off to a rocky start but have started to find their form and are coming off the back of a 3-0 win over Burnley. The Foxes are now 11th in the league with seven points from their first five games. (more...)
Clinton postpones weekend visit to Charlotte
- September 25, 2016

Gregg Watkins, a spokesman for Roberts, said between the time the mayor's office talked to the Clinton campaign Friday afternoon and the time she went on CNN , they realized that it would not be prudent to have the presidential campaigns come in on top of everything else. (more...)
Pens, pyjamas push Premier to record sales Pens, pyjamas push Premier to record sales
- September 25, 2016

Premier said the sales performance of the brand had been "equal to or better than prior to the vote" and it's targeting a 200 store network in the United Kingdom, supporting annual sales of more than $200 million by calendar 2019. However, net profits fell short of market forecasts around $108 million, reflecting tougher than expected trading conditions in the second half, when the warm start to winter crimped clothing sales. (more...)
Falling Up: Dow Jumps 160 Points as Fed Leaves Rates on Unchanged Falling Up: Dow Jumps 160 Points as Fed Leaves Rates on Unchanged
- September 25, 2016

Rodney Ramcharan, director of research at the USC Lusk Center for Real Estate, tells CPE that the Federal Reserve is likely setting the stage for a rate hike by the end of the year. The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,174. The US central bank is unlikely to raise rates ahead of the presidential election, which is only six weeks away, but market observers anticipate the Fed moving in December. (more...)
Wall Street extends Fed-fuelled rally; Nasdaq hits new high
- September 25, 2016

The central bank will hold two more policy meetings before the end of the year: one in November and one in mid-December. But she was quick to add that not only was the economy not now "overheating", but there was actually a "little more room to run". (more...)
OPEC may decide on extra meeting immediately after Algiers talks
- September 25, 2016

World oil prices resumed positive dynamics and jumped nearly 2 percent on September 21, supported by a surprisingly sharp drop in USA crude reserves and strike of oil industry workers in Norway. US gasoline futures rose 2 per cent after data showed stocks of the motor fuel fell 3.2 million barrels nationwide, compared with analysts' expectations for a 567,000-barrel drop. (more...)
Sterling gains against dollar after Fed holds fire
- September 25, 2016

Murphy Oil jumped $1.07, or 4 percent, to $27.58, Transocean rose 38 cents, or 4 percent, to $9.52. Now the focus will shift to December as the Fed's likely last chance to raise interest rates in 2016 - a move that depends on how the economy, inflation and markets fare in the months surrounding a contentious presidential election. (more...)
Trump calls for unity in Charlotte in attempt to attract black voters Trump calls for unity in Charlotte in attempt to attract black voters
- September 25, 2016

On Wednesday, Trump signaled his support for making "stop-and-frisk" a national program, saying, "We did it in NY, it worked incredibly well, and you have to be proactive". As was the case in NY, the ACLU discovered that the police were disproportionately targeting black residents, who "were subjected to 72 percent of all stops, yet constitute just 32 percent of the city's population". (more...)
Elizabeth Warren takes Wells Fargo CEO to the woodshed over fake accounts
- September 25, 2016

Warren accused Stumpf of pushing employees to a "breaking point", cheating customers while he pushed the value of the stock. Thousands of low-ranking Wells Fargo staffers may be getting blamed by CEO John Stumpf for the more than 2 million fake accounts the bank created, but they can't take the blame for his bandaged hand. (more...)
New Smithsonian Museum Chronicling Black History Opens
- September 25, 2016

Former President George W. Bush said, "A great nation does not hide its history". A separate section examines the Civil Rights Movement, the Black Power era of the 1960s and 1970s and other activism remembering many activists, including Lewis and Dr. (more...)
Twitter initiates talks with tech companies over sale
- September 25, 2016

The company went public in 2013 but has struggled to grow and retain its user base. Former Google executive Omid Kordestani is executive chairman of Twitter . In May Mr Dorsey told the BBC that "we're making progress" but "things take time to change". Salesforce executives said they license the Twitter "firehose" of all Tweets that come through the platform, and use it to power sentiment analysis and other tools that show how companies and brands are being discussed and perceived. (more...)
Warplanes mount new strikes on rebel-held Aleppo Warplanes mount new strikes on rebel-held Aleppo
- September 25, 2016

The attack has drawn on ordnance more destructive than anything previously used against the area and many buildings have been destroyed, residents say. The White Helmets posted photos on Twitter showing piles of rubble and shattered rescue vehicles. "Our centers were the direct target [of the strikes]". (more...)
Kessler to make first career start Sunday Kessler to make first career start Sunday
- September 25, 2016

However, Miami had to use its three timeouts after the Patriots were able to run 12 plays and get to the 21-yard line . "I don't think I've narrowed it down, really, as far as who's going to actually start the game", Gase said. But they're the first ones to tell me, 'First man up, and we believe in you, and you have to be ready to go.' The support from them has been awesome". (more...)
Twitter reportedly in talks with Google, Salesforce for potential sale
- September 25, 2016

Bloomberg reported Friday that Goldman Sachs is helping Twitter talk to potential buyers. The social media site has faced growing criticism over earnings momentum, amid sluggish user and advertising growth. With its 313 million active monthly users, Twitter is a robust platform that could be the flawless way for a larger company to expand its footprint in social media, as well as a great place to serve ads to users. (more...)
Global stocks jump as Fed soothes nerves while bond prices go up
- September 25, 2016

The OECD estimates USA growth at 1.4 per cent this year, down from 1.8 per cent in its June outlook, with the growth outlook for 2017 falling to 2.1 per cent from the previous forecast of 2.2 per cent. Local stocks rallied Thursday as the United States central bank's decision to hold interest rates steady brought good tidings to regional markets. GLOBAL OUTLOOK: Markets rallied earlier this week after the Fed and the Bank of Japan both made a decision to keep key interest rates at the ... (more...)
Hillary Clinton Wants a 65% Inheritance Tax on Billionaire Estates Hillary Clinton Wants a 65% Inheritance Tax on Billionaire Estates
- September 25, 2016

This income should not be taxed and studies have shown that even supposedly modest increases would have strong adverse economic effects. The move will save the Clintons hundreds of thousands of dollars in estate taxes, according to accountants quoted by Bloomberg. (more...)
Perfect Man City extend lead at top of EPL Perfect Man City extend lead at top of EPL
- September 25, 2016

Guardiola added: "The club can not accept an agent talking in the media about the decision of the club". London Sergio Aguero has scored twice as Manchester City maintained their 100 per cent record in the Premier League with a 3-1 win at Swansea . (more...)
Japanese stocks down as Asia markets on edge before BOJ verdict Japanese stocks down as Asia markets on edge before BOJ verdict
- September 25, 2016

USA markets firmed in the wake of the Fed's statement and comments from the chair. An index that tracks the services economy, where most Americans work, fell to its lowest level since 2010. The sixth straight hold extends US central bankers' run of getting cold feet amid risks from overseas and inconsistent signs of economic strength. That means policymakers think the economy is about as likely to outperform forecasts as to underperform them. (more...)
Spain reopens Neymar fraud case Spain reopens Neymar fraud case
- September 25, 2016

The prosecutors are accusing the striker, his father, Barcelona's ex-president Sandro Rosell and the club itself of concealing the cost of the multi-million-euro transfer from Brazilian investment fund DIS. All parties being accused by prosecutors have denied wrongdoing. The sentences become suspended terms if the convictions are not violence related and are under two-year terms. (more...)
Team North America Gives Hope For A Strong NHL Future
- September 25, 2016

Auston Matthews and Vincent Trocheck gave North America a two-goal lead in the first period before Sweden's Filip Forsberg halved the deficit. He leaves Toronto disappointed, but describes the World Cup of Hockey as a fantastic event and a great way to kick off another NHL season. (more...)

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