Markets
Chancellor slashes 2017 growth forecast, ruling out 2019/20 surplus
- November 23, 2016
Brexit will cause Britain's economic growth to slow sharply and blow a hole in government finances that will require it to borrow an extra £122 billion [€143 billion] over five years, a gloomy budget update revealed today (23 November). The money purchase annual allowance will be cut to £4,000 in April 2017, down from the current £10,000, chancellor Philip Hammond has announced. Growth this year was slightly above expectations, at 2.1 per cent. (more...)
- November 23, 2016
Brexit will cause Britain's economic growth to slow sharply and blow a hole in government finances that will require it to borrow an extra £122 billion [€143 billion] over five years, a gloomy budget update revealed today (23 November). The money purchase annual allowance will be cut to £4,000 in April 2017, down from the current £10,000, chancellor Philip Hammond has announced. Growth this year was slightly above expectations, at 2.1 per cent. (more...)
United Kingdom cuts growth forecasts in first budget plan since Brexit vote
- November 23, 2016
As as a result, Britain's budget deficit is also expected to rise to £68 billion in the near term, Hammond cautioned, with a 3.5% shortfall forecast for this fiscal year, up from the 2.9% forecast in March. It added: "Public sector net borrowing is now expected to fall more slowly than we forecast in March, primarily reflecting weak tax receipts so far this year and a more subdued outlook for economic growth as the United Kingdom negotiates a new relationship with the European Union". (more...)
- November 23, 2016
As as a result, Britain's budget deficit is also expected to rise to £68 billion in the near term, Hammond cautioned, with a 3.5% shortfall forecast for this fiscal year, up from the 2.9% forecast in March. It added: "Public sector net borrowing is now expected to fall more slowly than we forecast in March, primarily reflecting weak tax receipts so far this year and a more subdued outlook for economic growth as the United Kingdom negotiates a new relationship with the European Union". (more...)
Aleppo School Bombed: Syrian Family, Pupils Among Dozens Killed
- November 23, 2016
According to AFP , U.S. President Barack Obama spoke to Russian President Vladimir Putin at the APEC summit in Peru on Sunday, urging him to make greater efforts to end the violence in Syria. Aleppo withstood another day of all-out war as bombardments in eastern Aleppo left at least 27 people dead and 120 injured on Monday, according to the Syrian Civil Defense Force, also called the White Helmets. (more...)
- November 23, 2016
According to AFP , U.S. President Barack Obama spoke to Russian President Vladimir Putin at the APEC summit in Peru on Sunday, urging him to make greater efforts to end the violence in Syria. Aleppo withstood another day of all-out war as bombardments in eastern Aleppo left at least 27 people dead and 120 injured on Monday, according to the Syrian Civil Defense Force, also called the White Helmets. (more...)
Oil Prices Little Changed After Early Gains on OPEC Deal Hopes
- November 23, 2016
Oil declined in NY as OPEC members failed to agree on the role of Iraq and Iran in a supply deal just one week before the group's official summit. Short-term though, analysts said that investors were now unwilling to push crude prices to $50 a barrel or higher. (more...)
- November 23, 2016
Oil declined in NY as OPEC members failed to agree on the role of Iraq and Iran in a supply deal just one week before the group's official summit. Short-term though, analysts said that investors were now unwilling to push crude prices to $50 a barrel or higher. (more...)
Trump Outlines Executive Action Plan in Pre-taped Video Statement
- November 23, 2016
But with almost 200 countries in the Paris Climate Agreement pledging to lower carbon emissions what can Donald Trump do to unravel the deal? "Most of all, I want to emphasize to you, Mr. According to The New York Times , a Trump Organization spokeswoman described the meeting as a "courtesy call ". On the campaign trail, Trump was a vociferous critic of Obama's focus on climate change reduction efforts. (more...)
- November 23, 2016
But with almost 200 countries in the Paris Climate Agreement pledging to lower carbon emissions what can Donald Trump do to unravel the deal? "Most of all, I want to emphasize to you, Mr. According to The New York Times , a Trump Organization spokeswoman described the meeting as a "courtesy call ". On the campaign trail, Trump was a vociferous critic of Obama's focus on climate change reduction efforts. (more...)
Autumn Statement: "urgent" action needed to tackle weak United Kingdom growth
- November 23, 2016
The cumulative budget deficit will also widen, Hammond said , amounting to an extra 122 billion pounds ($151 billion) by the 2020-21 financial year compared with predictions in March. Announcing a squeeze on salary sacrifice schemes, Mr Hammond said: "The Government will take action now to reduce the difference between the treatment of cash earnings and benefits". (more...)
- November 23, 2016
The cumulative budget deficit will also widen, Hammond said , amounting to an extra 122 billion pounds ($151 billion) by the 2020-21 financial year compared with predictions in March. Announcing a squeeze on salary sacrifice schemes, Mr Hammond said: "The Government will take action now to reduce the difference between the treatment of cash earnings and benefits". (more...)
Search Acumen comments on the Chancellor's Autumn Statement, 23 November
- November 23, 2016
Philip Hammond delivered the economic statement to a less-boisterous-than-usual House of Commons as the country faces unease over the future and prepares to lock horns with the European Union next year on its exit from the bloc. The OBR predicted Scottish income tax revenues, based on the powers already devolved to Holyrood, will increase by £750 million per year by 2020/21 but revised down its March estimate for that year by £581 million. (more...)
- November 23, 2016
Philip Hammond delivered the economic statement to a less-boisterous-than-usual House of Commons as the country faces unease over the future and prepares to lock horns with the European Union next year on its exit from the bloc. The OBR predicted Scottish income tax revenues, based on the powers already devolved to Holyrood, will increase by £750 million per year by 2020/21 but revised down its March estimate for that year by £581 million. (more...)
Brokers Issue New Targets On Duke Energy Corporation (NYSE:DUK)
- November 23, 2016
Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp . and related companies with MarketBeat.com's FREE daily email newsletter. The median estimate represents a +9.50% increase from the last price of 74.43. 11/06/2015 - Duke Energy Corporation was downgraded to "market perform" by analysts at BMO Capital Markets. (more...)
- November 23, 2016
Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Duke Energy Corp . and related companies with MarketBeat.com's FREE daily email newsletter. The median estimate represents a +9.50% increase from the last price of 74.43. 11/06/2015 - Duke Energy Corporation was downgraded to "market perform" by analysts at BMO Capital Markets. (more...)
Autumn Statement 2016: Top takeaways for investment industry
- November 23, 2016
He noted that this is equivalent to the IMF's forecast for growth in Germany next year, and better than forecasts in Italy and France. As expected, this year's Autumn Statement was quite a sombre affair, but there were a couple of surprises. (more...)
- November 23, 2016
He noted that this is equivalent to the IMF's forecast for growth in Germany next year, and better than forecasts in Italy and France. As expected, this year's Autumn Statement was quite a sombre affair, but there were a couple of surprises. (more...)
U.S. Soccer Reaches Back To The Past To Kickstart Its Future
- November 23, 2016
He will appear on ESPN at halftime of Tuesday's Montreal Impact-Toronto FC MLS playoff game (8 p.m. ET). Arena left the role three weeks after a disappointing 2006 World Cup campaign in which the US team finished bottom of its pool after losses to Czech Republic and Ghana. (more...)
- November 23, 2016
He will appear on ESPN at halftime of Tuesday's Montreal Impact-Toronto FC MLS playoff game (8 p.m. ET). Arena left the role three weeks after a disappointing 2006 World Cup campaign in which the US team finished bottom of its pool after losses to Czech Republic and Ghana. (more...)
J.K. Rowling and 'Fantastic Beasts' Team Defend Johnny Depp's Casting
- November 23, 2016
Among the "Harry Potter" films , " Harry Potter and the Order of the Phoenix " garnered the lowest domestic opening weekend numbers at $77,108,414. Why so many films? Fantastic Beasts and Where to Find Them has already been premiered in the New York City on 10 November 2016 and now it has released worldwide on 18 November 2016 in 3D, IMAX 4K Laser and other large format theatres. (more...)
- November 23, 2016
Among the "Harry Potter" films , " Harry Potter and the Order of the Phoenix " garnered the lowest domestic opening weekend numbers at $77,108,414. Why so many films? Fantastic Beasts and Where to Find Them has already been premiered in the New York City on 10 November 2016 and now it has released worldwide on 18 November 2016 in 3D, IMAX 4K Laser and other large format theatres. (more...)
Court blocks federal plan to extend overtime pay to many
- November 23, 2016
The regulation would shrink the so-called "white collar exemption" and more than double the salary threshold under which employers must pay overtime to their workers. She noted: "I am grateful to Judge Mazzant for granting this important injunction until the full legality of the rule can be determined, and I hope the Department of Labor will ultimately reconsider this ill-advised rule". (more...)
- November 23, 2016
The regulation would shrink the so-called "white collar exemption" and more than double the salary threshold under which employers must pay overtime to their workers. She noted: "I am grateful to Judge Mazzant for granting this important injunction until the full legality of the rule can be determined, and I hope the Department of Labor will ultimately reconsider this ill-advised rule". (more...)
Stock in Spotlight as Activity Rises in Southwest Airlines Co. (NYSE:LUV)
- November 23, 2016
The stock appeared -7.48% below its 52-week highs and is up 7.44% for the last five trades. The stock price is trading upbeat from its 200 days moving average with 16.42% and up from 50 days moving average with 17.59%. WESCO International, Inc. (NYSE:WCC) surged +1.25% and closed the trade at $ 64.65. It is a prime component used to compute the price-to-earnings valuation ratio. (more...)
- November 23, 2016
The stock appeared -7.48% below its 52-week highs and is up 7.44% for the last five trades. The stock price is trading upbeat from its 200 days moving average with 16.42% and up from 50 days moving average with 17.59%. WESCO International, Inc. (NYSE:WCC) surged +1.25% and closed the trade at $ 64.65. It is a prime component used to compute the price-to-earnings valuation ratio. (more...)
Mass. gas prices drop 4 cents per gallon
- November 23, 2016
Wright also said this year is a good year to pick for travel, since gas prices are expected to stay at about $2.10 per gallon. Five years ago, Pittsburgh-area drivers were paying an average of $3.43 per gallon on November 21. That's one million more people than traveled a year ago. Last year, the number of deaths on North Carolina highways during the Thanksgiving holiday weekend reached 22 people, while SC highways saw nine traffic fatalities. (more...)
- November 23, 2016
Wright also said this year is a good year to pick for travel, since gas prices are expected to stay at about $2.10 per gallon. Five years ago, Pittsburgh-area drivers were paying an average of $3.43 per gallon on November 21. That's one million more people than traveled a year ago. Last year, the number of deaths on North Carolina highways during the Thanksgiving holiday weekend reached 22 people, while SC highways saw nine traffic fatalities. (more...)
Black Friday store secrets leaked
- November 23, 2016
Fifty-nine percent of Americans shopped during the weekend of Black Friday a year ago, for a total of 136 million people. Online marketplace eBay has become the latest retailer to kick off its Black Friday campaign, by launching a 13-day shopping bonanza on Thursday (17 November). (more...)
- November 23, 2016
Fifty-nine percent of Americans shopped during the weekend of Black Friday a year ago, for a total of 136 million people. Online marketplace eBay has become the latest retailer to kick off its Black Friday campaign, by launching a 13-day shopping bonanza on Thursday (17 November). (more...)
DTW preps for one of the busiest travel days of the year
- November 23, 2016
Richardson Jr., president of AAA. Passengers traveling domestically are advised to allow themselves at least 90 minutes for check in with their respective airlines and processing through the TSA screening. The Automobile Club of Southern California projects the highest number of Turkey Day travelers in almost a decade, according to predictions from AAA . (more...)
- November 23, 2016
Richardson Jr., president of AAA. Passengers traveling domestically are advised to allow themselves at least 90 minutes for check in with their respective airlines and processing through the TSA screening. The Automobile Club of Southern California projects the highest number of Turkey Day travelers in almost a decade, according to predictions from AAA . (more...)
'Game of Thrones' to unveil a line of wines
- November 23, 2016
Drinking wine features heavily in the hit HBO TV series Game of Thrones , where everyone in the medieval chambers and banquet halls is usually sipping a goblet of something. Game of Thrones Season 7 will return to HBO in summer 2017. The " Game of Thrones " wines will launch in the United States in spring 2017, although it is still uncertain whether a worldwide release will follow. (more...)
- November 23, 2016
Drinking wine features heavily in the hit HBO TV series Game of Thrones , where everyone in the medieval chambers and banquet halls is usually sipping a goblet of something. Game of Thrones Season 7 will return to HBO in summer 2017. The " Game of Thrones " wines will launch in the United States in spring 2017, although it is still uncertain whether a worldwide release will follow. (more...)
Trump meeting The New York Times after all
- November 23, 2016
As president, it would be within Trump's power to ask the attorney general to appoint a special prosecutor, but the decision on whether to do so ultimately lies with the Justice Department, according to the federal code. But he said he did not want to "hurt the Clintons" and wants to move on. Recall that during his campaign, Trump never missed to stress how he would prosecute Clinton for her family's charitable foundation or her use of a private email server while she was US secretary of ... (more...)
- November 23, 2016
As president, it would be within Trump's power to ask the attorney general to appoint a special prosecutor, but the decision on whether to do so ultimately lies with the Justice Department, according to the federal code. But he said he did not want to "hurt the Clintons" and wants to move on. Recall that during his campaign, Trump never missed to stress how he would prosecute Clinton for her family's charitable foundation or her use of a private email server while she was US secretary of ... (more...)
USDA offers Thanksgiving cooking tips
- November 23, 2016
The USDA also recommends buying a fresh turkey no more than a day or two ahead of time. Once done, put your turkey back into the oven. You can thaw a turkey in the refrigerator, or if you are strapped for time, you can use the microwave or run cold water over the wrapped bird in a sink. (more...)
- November 23, 2016
The USDA also recommends buying a fresh turkey no more than a day or two ahead of time. Once done, put your turkey back into the oven. You can thaw a turkey in the refrigerator, or if you are strapped for time, you can use the microwave or run cold water over the wrapped bird in a sink. (more...)
Airtel Opens India's First Payments Bank, Offers 7.25% Interest
- November 23, 2016
With this pilot launch Airtel is testing systems and processes ahead of a full scale pan-Indian launch. Customers across Rajasthan will now be able to open bank accounts at Airtel retail outlets, which will also act as Airtel banking points and offer a range of basic, convenient banking services. (more...)
- November 23, 2016
With this pilot launch Airtel is testing systems and processes ahead of a full scale pan-Indian launch. Customers across Rajasthan will now be able to open bank accounts at Airtel retail outlets, which will also act as Airtel banking points and offer a range of basic, convenient banking services. (more...)
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