Markets
Carrier Union Leader on Donald Trump: 'He Lied His Ass Off'
- December 09, 2016
Jones says he is very thankful for the 800 jobs Trump saved in Indianapolis and that is more than willing to work with him to save more at Carrier and Rexnord, which is what he will continue to work on after the administration-elect has moved on. (more...)
- December 09, 2016
Jones says he is very thankful for the 800 jobs Trump saved in Indianapolis and that is more than willing to work with him to save more at Carrier and Rexnord, which is what he will continue to work on after the administration-elect has moved on. (more...)
USA crude futures extend gains on production cut deal
- December 09, 2016
OPEC's three largest producers - Saudi Arabia, Iraq and Iran - overcame discord to reach Wednesday's pact to reduce the group's output by 1.2 million barrels a day, while Russian Federation pledged a cut of as much as 300,000. "The cut by OPEC will be largely offset by increases in USA production where the rig count has already increased", said India Oil Corp's Director of Finance A K Sharma. (more...)
- December 09, 2016
OPEC's three largest producers - Saudi Arabia, Iraq and Iran - overcame discord to reach Wednesday's pact to reduce the group's output by 1.2 million barrels a day, while Russian Federation pledged a cut of as much as 300,000. "The cut by OPEC will be largely offset by increases in USA production where the rig count has already increased", said India Oil Corp's Director of Finance A K Sharma. (more...)
European Central Bank Extends QE til December 2017
- December 09, 2016
Bank in Helena, Montana. The PSEi was led higher by banking stocks Security Bank (+3.82 percent) and Metrobank (+2.69 percent). Somehow, the ECB's monetary stimulus can serve to stabilize the Italian situation. With high risk elections looming in four of the euro zone's five biggest economies, the European Central Bank was fully expected to keep the asset buys going, likely fearing that cutting back prematurely could abort a still timid recovery in the euro zone. (more...)
- December 09, 2016
Bank in Helena, Montana. The PSEi was led higher by banking stocks Security Bank (+3.82 percent) and Metrobank (+2.69 percent). Somehow, the ECB's monetary stimulus can serve to stabilize the Italian situation. With high risk elections looming in four of the euro zone's five biggest economies, the European Central Bank was fully expected to keep the asset buys going, likely fearing that cutting back prematurely could abort a still timid recovery in the euro zone. (more...)
West Bengal's Fiery Chief Minister Upset Over Army Deployment
- December 09, 2016
Kolkata: West Bengal chief minister Mamata Banerjee on Friday accused the Narendra Modi government of making a "wrong and concocted" statement in Parliament regarding deployment of army at toll plazas in West Bengal. The Army has been maintaining that the state administration was informed about the routine exercise of deploying troops at toll plazas. Chatterjee said, "Whatever the Centre is doing with us is undemocratic and it is taking all of us towards destruction". (more...)
- December 09, 2016
Kolkata: West Bengal chief minister Mamata Banerjee on Friday accused the Narendra Modi government of making a "wrong and concocted" statement in Parliament regarding deployment of army at toll plazas in West Bengal. The Army has been maintaining that the state administration was informed about the routine exercise of deploying troops at toll plazas. Chatterjee said, "Whatever the Centre is doing with us is undemocratic and it is taking all of us towards destruction". (more...)
Kanye West 911 Call Reveals Rapper Needed Backup Police and Paramedics
- December 09, 2016
Kanye West may have been discharged from the hospital , but his wife Kim Kardashian West is still struggling to cope. "Kim now knows that she has to be strong to take care of her kids whether she likes it or not", said a spokesperson for the "Keep Up With the Kardashians" icon. (more...)
- December 09, 2016
Kanye West may have been discharged from the hospital , but his wife Kim Kardashian West is still struggling to cope. "Kim now knows that she has to be strong to take care of her kids whether she likes it or not", said a spokesperson for the "Keep Up With the Kardashians" icon. (more...)
Markets Right Now: Slight gains keep Dow, S&P 500 at records
- December 09, 2016
The Dow rose 65 points, or 0.3 percent, to 19,614. The Dow Jones Transport Average .DJT rose 2.5 percent and set new all-time intraday and closing highs, surpassing its prior peaks from late 2014. Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq , a 2.06-to-1 ratio favoured advancers. Bond yields have risen sharply this year but have slipped in the last few days. (more...)
- December 09, 2016
The Dow rose 65 points, or 0.3 percent, to 19,614. The Dow Jones Transport Average .DJT rose 2.5 percent and set new all-time intraday and closing highs, surpassing its prior peaks from late 2014. Advancing issues outnumbered declining ones on the NYSE by a 1.69-to-1 ratio; on Nasdaq , a 2.06-to-1 ratio favoured advancers. Bond yields have risen sharply this year but have slipped in the last few days. (more...)
2nd officer shot in Georgia dies hours after shooter kills himself
- December 09, 2016
Lembrick". So when Smith heard the domestic violence call and that Smarr was en route, he ran to join him even though other Americus police officers were already on the way, Chief Scott said. An hour after the shooting, a man who appeared to be Lembrick posted a four second video, saying only, "I'm gonna miss y'all folks, man". Brown said the shooter is not a student at the university. (more...)
- December 09, 2016
Lembrick". So when Smith heard the domestic violence call and that Smarr was en route, he ran to join him even though other Americus police officers were already on the way, Chief Scott said. An hour after the shooting, a man who appeared to be Lembrick posted a four second video, saying only, "I'm gonna miss y'all folks, man". Brown said the shooter is not a student at the university. (more...)
Amazon develops game-changing grocery store
- December 09, 2016
Using artificial intelligence, the app keeps track of everything you take off the shelf and put in your bag. It's called " Amazon Go ", and the big idea is that shoppers can just grab the items they want and leave. The paper claims that Amazon hopes to open more than 2,000 stores in the coming months. Monday's Amazon Go announcement has shoppers excitedly talking about the next generation of grocery shopping. (more...)
- December 09, 2016
Using artificial intelligence, the app keeps track of everything you take off the shelf and put in your bag. It's called " Amazon Go ", and the big idea is that shoppers can just grab the items they want and leave. The paper claims that Amazon hopes to open more than 2,000 stores in the coming months. Monday's Amazon Go announcement has shoppers excitedly talking about the next generation of grocery shopping. (more...)
RBI Declines to Rule out Change in Demonetisation Policy Before Dec 30
- December 09, 2016
Urjit Patel's second monetary policy can be read as a clear assertion of the Reserve Bank of India's autonomy, something that was seen as compromised when legal tender status was withdrawn for old Rs 1,000 and Rs 500 notes on 8 November. "How the demonetisation would play out for growth, lending rates or even inflation is not clear", said Assocham President Sunil Kanoria. With RBI belying expectations of a rate cut, India Inc on Wednesday expressed disappointment saying a rate cut was needed ... (more...)
- December 09, 2016
Urjit Patel's second monetary policy can be read as a clear assertion of the Reserve Bank of India's autonomy, something that was seen as compromised when legal tender status was withdrawn for old Rs 1,000 and Rs 500 notes on 8 November. "How the demonetisation would play out for growth, lending rates or even inflation is not clear", said Assocham President Sunil Kanoria. With RBI belying expectations of a rate cut, India Inc on Wednesday expressed disappointment saying a rate cut was needed ... (more...)
US Steel could restore up to 10000 US jobs - CEO tells CNBC
- December 09, 2016
Cornerstone Capital Management Holdings LLC. now owns 1,022,139 shares of the company's stock worth $19,277,000 after buying an additional 571,311 shares during the last quarter. Receive AK Steel Holding Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel Holding Corporation with MarketBeat.com's FREE daily email newsletter. (more...)
- December 09, 2016
Cornerstone Capital Management Holdings LLC. now owns 1,022,139 shares of the company's stock worth $19,277,000 after buying an additional 571,311 shares during the last quarter. Receive AK Steel Holding Corporation News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for AK Steel Holding Corporation with MarketBeat.com's FREE daily email newsletter. (more...)
Wall Street muted by health stocks; Italy, ECB boost Europe
- December 09, 2016
Both imports and exports rose to leave a trade surplus of $44.6 billion. The MSCI Asia-Pacific Index of stocks rose to its most in more than a month as banks drove Australia's S&P/ASX 200 Index to its highest level since August and SoftBank's second day of gains led a jump in Japanese shares. (more...)
- December 09, 2016
Both imports and exports rose to leave a trade surplus of $44.6 billion. The MSCI Asia-Pacific Index of stocks rose to its most in more than a month as banks drove Australia's S&P/ASX 200 Index to its highest level since August and SoftBank's second day of gains led a jump in Japanese shares. (more...)
Sec. Kerry says Trump did not contact State Dept. prior to calls
- December 09, 2016
Late on Sunday, Trump then accused Beijing of manipulating its currency, unfairly taxing USA products and militarizing the South China Sea -also via Twitter . Asked whether that meant Trump wanted to mediate the long-running border dispute between Pakistan and India, Pence acknowledged recent violence in the Kashmir region. (more...)
- December 09, 2016
Late on Sunday, Trump then accused Beijing of manipulating its currency, unfairly taxing USA products and militarizing the South China Sea -also via Twitter . Asked whether that meant Trump wanted to mediate the long-running border dispute between Pakistan and India, Pence acknowledged recent violence in the Kashmir region. (more...)
One month of demonetisation: Opposition leaders protest
- December 09, 2016
Briefing reporters after the meeting, Parliamentary Affairs Minister Ananth Kumar said Mr Modi asked MPs to spread awareness about a "less-cash" and digital economy in the same way they enroll people in voters list during elections and highlight the use of EVMs irrespective of which party one votes for. (more...)
- December 09, 2016
Briefing reporters after the meeting, Parliamentary Affairs Minister Ananth Kumar said Mr Modi asked MPs to spread awareness about a "less-cash" and digital economy in the same way they enroll people in voters list during elections and highlight the use of EVMs irrespective of which party one votes for. (more...)
ECB adds half a trillion euros in stimulus
- December 09, 2016
Draghi denied that it was the start of tapering. Here is our full preview: Draghi drag or top-tapering? "That's why tapering was not discussed". From April 2017, the net asset purchases are meant to continue at a monthly pace of €60 billion until the end of December 2017, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. (more...)
- December 09, 2016
Draghi denied that it was the start of tapering. Here is our full preview: Draghi drag or top-tapering? "That's why tapering was not discussed". From April 2017, the net asset purchases are meant to continue at a monthly pace of €60 billion until the end of December 2017, or beyond, if necessary, and in any case until the Governing Council sees a sustained adjustment in the path of inflation consistent with its inflation aim. (more...)
Trump lays out non-interventionist US military policy
- December 09, 2016
Senate Minority Whip Dick Durbin said the Mattis waiver "certainly could" contribute to the risk of a government shutdown. "It makes ideal sense to put a warfighter in charge of the war fighting ... Most recently , Mattis served as chief of U.S. Central Command until 2013, when he retired amid disagreements with the White House over its foreign policy in the Middle East. (more...)
- December 09, 2016
Senate Minority Whip Dick Durbin said the Mattis waiver "certainly could" contribute to the risk of a government shutdown. "It makes ideal sense to put a warfighter in charge of the war fighting ... Most recently , Mattis served as chief of U.S. Central Command until 2013, when he retired amid disagreements with the White House over its foreign policy in the Middle East. (more...)
Gold rises further from 10-month low
- December 09, 2016
Strengthening expectations that the Federal Reserve may increase interest rates in its policy meeting next week will likely weigh on gold, as rising U.S. The dollar held steady against the euro on Wednesday ahead of key central bank meetings next week. The central bank is widely expected to raise its benchmark rate 25 basis points. (more...)
- December 09, 2016
Strengthening expectations that the Federal Reserve may increase interest rates in its policy meeting next week will likely weigh on gold, as rising U.S. The dollar held steady against the euro on Wednesday ahead of key central bank meetings next week. The central bank is widely expected to raise its benchmark rate 25 basis points. (more...)
Donald Trump Named TIME's 2016 "Person of the Year"
- December 09, 2016
The magazine's No.2 person of the year was Mrs Clinton, who seemed to be the sure victor of the Presidential election but lost to Mr Trump. While on one level the magazine accomplishes its goal of unbiased selection of the top influencer, the undercurrent of the decision to make Trump the Person of the Year means that his deplorable actions and ideologies receive attention, which is currency in today's digital economy. (more...)
- December 09, 2016
The magazine's No.2 person of the year was Mrs Clinton, who seemed to be the sure victor of the Presidential election but lost to Mr Trump. While on one level the magazine accomplishes its goal of unbiased selection of the top influencer, the undercurrent of the decision to make Trump the Person of the Year means that his deplorable actions and ideologies receive attention, which is currency in today's digital economy. (more...)
Why Donald Trump is going after union leader Chuck Jones on Twitter
- December 09, 2016
Trump tweeted Wednesday evening, December 7, 2016: " Chuck Jones , who is President of United Steelworkers 1999, has done a awful job representing workers". We know where you live. After Trump's tweets, local media reported that Jones was receiving death threats. "I am thankful these people will have jobs, but the math just doesn't work", Jones stated. (more...)
- December 09, 2016
Trump tweeted Wednesday evening, December 7, 2016: " Chuck Jones , who is President of United Steelworkers 1999, has done a awful job representing workers". We know where you live. After Trump's tweets, local media reported that Jones was receiving death threats. "I am thankful these people will have jobs, but the math just doesn't work", Jones stated. (more...)
Brexit deal could be reached by October 2018 - EU's 'tough' chief negotiator
- December 09, 2016
Adding to her list of soundbites alongside " Brexit means Brexit ", May declared on Monday that she wanted Brexit to be a patriotic "red, white and blue". A man has been arrested on suspicion of sending online threats to the lead claimant in Britain's Brexit court case, police said Wednesday, as the high-stakes legal drama continued at the Supreme Court. (more...)
- December 09, 2016
Adding to her list of soundbites alongside " Brexit means Brexit ", May declared on Monday that she wanted Brexit to be a patriotic "red, white and blue". A man has been arrested on suspicion of sending online threats to the lead claimant in Britain's Brexit court case, police said Wednesday, as the high-stakes legal drama continued at the Supreme Court. (more...)
China's CPI up 2.3% year-on-year in November
- December 09, 2016
The producer price index (PPI) had been expected to rise 2.2 percent on-year, compared with the previous month's rise of 1.2 percent. A higher reading in the producer price index than the index for consumer inflation creates a dilemma for China's central bank. (more...)
- December 09, 2016
The producer price index (PPI) had been expected to rise 2.2 percent on-year, compared with the previous month's rise of 1.2 percent. A higher reading in the producer price index than the index for consumer inflation creates a dilemma for China's central bank. (more...)
Latest news
China Economic Growth Unexpectedly Slows to 6% in Third Quarter