Markets


The case for an increase in the federal funds rate has strengthened
- September 26, 2016

The committee noted that inflation still has not risen to the Fed's 2% target. He alleged that the Fed was leaving the painful task of raising rates to the next president. "The growth of economic activity has picked up from the modest pace seen in the first half of the year", it said. However, as the Fed's statement notes, unemployment remains relatively low and inflation continues to fall under its target of 2 percent, where it has mostly remained since the Great Recession. (more...)
To reach millennials, Clinton reserves digital ad time To reach millennials, Clinton reserves digital ad time
- September 26, 2016

She had unveiled a proposal to raise the tax in January, but it would've only raised the top rate to 45 percent from the current 40 percent. On Thursday, Hillary Clinton did something very unusual for a candidate in a general election race: She proposed a significant new tax increase . (more...)
Snapchat to make a Spectacle of itself with in-built sunglasses video camera
- September 26, 2016

The glasses will be priced at $129.99 and will roll out slowly this fall. First hardware product of the company, followed by the renaming, called Spectacles . Snapchat today makes two big announcements, the first of which is that it is no longer called Snapchat . Spiegel has been testing the prototype since early 2015 and was quoted by the report as saying, "It was the closest I'd ever come to feeling like I was there again". (more...)
Venezuela Says OPEC, Non-OPEC Oil Stabilizing Deal Close
- September 26, 2016

The announcement came just ahead of the critical Algeria meeting, where OPEC members and other major producers outside the cartel are expected to discuss production freeze. The October contract expires at settlement, and the more actively traded November contract recently gained 14 cents, or 0.3%, to $44.00 a barrel. Brent crude, the global oil benchmark, rose 1.6% to $46.62 a barrel on London's ICE Futures exchange. (more...)
Arnold Palmer: 'The King' of golf dies at 87
- September 26, 2016

Even non-golf fans are likely familiar with Palmer, thanks to his signature drink: The Arnold Palmer is a half-and-half combination of iced tea and lemonade that he mixed in his kitchen for years. Palmer helped to found the Arnold Palmer Hospital for Children in 1989 and it is ranked among the top 30 pediatric hospitals in the country. The golfing legend has died at the age of 87. (more...)
Former Wells Fargo Employees Say They Were Fired for Whistle-blowing
- September 26, 2016

At least as far as the San Francisco Fed's concerned, it seems Stumpf listened. The San Francisco-based bank will pay $100 million to the CFPB, a federal agency created five years ago; $35 million to the Office of the Comptroller of the Currency and $50 million to the City and County of Los Angeles. (more...)
Gennifer Flowers was not actually invited to debate by Donald Trump
- September 26, 2016

As for Clinton's standing with the millennial voters that flocked so much to Sanders' own campaign during the Democratic primary, Sanders said if Clinton focuses on the issues she'll do well with the key demographic. Both campaigns have already fired salvos on that front, trying to shape the lens through which people view their candidate's performance. A new Morning Consult poll , for example, showed Trump leads Clinton by one point among likely voters, a shift from the two-point lead ... (more...)
India Okays Deal To Buy 36 French-Made Rafale Fighter Jets
- September 26, 2016

India urgently needs to expand its depleting fleet of combat planes as it faces an increasingly assertive China, and its longtime rival, Pakistan. The French fighter will be fitted with the 150-km range Meteor missile which is is a Beyond Visual Range missile providing a no-escape zone three times greater than that of a competing missile such as the American AMRAAM missile. (more...)
Marlins pitcher Jose Fernandez has died Marlins pitcher Jose Fernandez has died
- September 26, 2016

It was one of those accidents which has tragically taken the life of Miami Marlins pitcher Jose Ferndandez at 24 years old. Born in Cuba, his family were desperate to escape and emigrate to the United States of America with the young Fernandez dodging bullets from Cuban coastguards as they made their way to USA soil. (more...)
Proud of our Army, Kashmir people want peace: Modi
- September 26, 2016

People and politicians get opportunities to speak and that's what they do. "They speak through their bravery", the Prime Minister said. Pakistan denies the accusation. Schools, colleges, offices and other businesses have remained closed due the turmoil and there are no signs of a respite from daily protests and shutdowns called by separatists. (more...)
Asian stocks rise after Fed leaves USA rates unchanged Asian stocks rise after Fed leaves USA rates unchanged
- September 26, 2016

The Hang Seng of Hong Kong gained 0.6 percent and South Korea's Kospi rose 0.5 percent. Shares of telecommunications services added 1.3% and materials closed up 1.5%. Janet Yellen, the Fed's chairwoman, said a majority of Fed officials simply did not see a reason to pull back. Yet the policymakers on the Federal Open Market Committee displayed confidence the rebound would continue through the second half, and indicated that they foresee one quarter-point rate hike before the end of the year, ... (more...)
Obama's Veto Of 9/11 Bill Won't Stop Congress From Overriding It
- September 26, 2016

If this happens, this would be for the first time during Obama's presidency that Congress will override a veto. Sen. Charles E. Schumer of NY, the No. The US administration argues that the law would end the concept of sovereign immunity and place US military personnel, diplomats and citizens at risk around the world for lawsuits over US military actions. (more...)
Datsyuk: game-time decision for Russian Federation
- September 26, 2016

Sidney Crosby was nothing short of magnificent. And with goaltender Jaroslav Halak, the Europeans seem to have a shot to stun Canada. We figured you did. "You give them opportunity they're going to create and they're going to bury them and make us pay". "So he's a legit good player". He didn't hesitate in his answer. (more...)
Clinton campaign responds to Trump's threat to bring Gennifer Flowers to debate
- September 26, 2016

On CNN's State of the Union, host Jake Tapper asked Trump's campaign manager Kellyanne Conway to confirm. Trump then tweeted on Saturday he would invite "Jennifer Flowers", then deleted the tweet to correct his spelling. During the 1992 campaign, Hillary Clinton famously appeared on television to defend her husband against the infidelity charges. "It's a warning sign before the debate has even started about Donald Trump's lack of fitness - his bullying tactics - that make him ... (more...)
Hillary Clinton reclaims slight lead over Donald Trump — UPI/CVoter poll Hillary Clinton reclaims slight lead over Donald Trump — UPI/CVoter poll
- September 26, 2016

He also insisted the US should "use whatever lawful methods are available" to get information from the Afghan immigrant arrested in this weekend's bombings. In a statement , Trump's campaign accused the White House of playing down the threat posed by Islamic State. Most Florida voters (75 percent) said they have heard about Trump's recent admission that Barack Obama was born in the USA but doubt the GOP nominee's sincerity. (more...)
Bill Clinton: State 'wouldn't do anything they shouldn't do'
- September 26, 2016

The Clinton Foundation and, in turn, the Clinton Global Initiative have become political fodder for Republicans, including nominee Donald Trump , after Hillary Clinton's emails exposed that donors had the ears of her top aides while she was secretary of state. (more...)
India Bans Samsung Galaxy Note 7 in Check-in Bags in Flights India Bans Samsung Galaxy Note 7 in Check-in Bags in Flights
- September 26, 2016

In the meantime, consumers here who purchased their Galaxy Note 7 from Samsung's authorized distributors will be able to apply for a refund. It added, "We further advise that these devices are not to be stored in checked luggage". Samsung has announced it will recall 2.5 million units of the Galaxy Note 7 from markets in 10 countries. There is the danger they can catch fire and Samsung has identified 35 cases worldwide of the batteries bursting into flames. (more...)
Warren Probes Wells Fargo Over Cross-Selling Debacle
- September 26, 2016

Wells Fargo & Company - the world's largest bank by market capitalisation - has been fined R2.6 billion ($185 million) for creating over 1.5 million checking and savings accounts and 500 000 credit cards that its customers never authorised. (more...)
Oil Drops as Prospects Fade for OPEC Deal
- September 26, 2016

OPEC is holding a meeting next Wednesday in Algeria, but some officials have said no decisions would be taken as the meeting is an informal one. Oil market still remains oversupplied as exporters around the world pump near record amounts. (more...)
This Is What a North Korean Passport Looks Like
- September 26, 2016

A cut-out of North Korean leader Kim Jong Un is set on fire during an anti-North Korea rally in central Seoul , South Korea. He said it's urgent that the council unite, "show firm resolve" and commitment, and not lose time in sending a strong message to North Korea that their nuclear tests and ballistic missile launches are unacceptable and must stop. (more...)

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