US Federal Reserve holds rates steady, cuts economic growth forecast

Trump to be Fed chairman. On the other hand, the average spread between the U.S. CPI and its 10-year government bond yield in the past five years stood at 64 bps, much narrower than the current 100 bps spread. No, an inverted yield curve has sent f... More..

by | Published 2 days ago
Pi Day 2019: All the Food Deals We've Found So Far
by | Friday, March 15, 2019

Pi Day 2019: All the Food Deals We've Found So Far

Villa Italian Kitchen: Get a Neapolitan cheese pizza for $3.14 when signing up for the restaurant's loyalty program. BJ's Restaurant & Brewhouse: Get a mini one-topping pizza for $3.14 Thursday. The Sweet ...More..

British MPs narrowly reject no-deal Brexit in non-binding vote
by | Thursday, March 14, 2019

British MPs narrowly reject no-deal Brexit in non-binding vote

Lawmakers rejected the deal in a 391-242 vote, ignoring May's entreaties to back the agreement and end the political chaos and economic uncertainty that Brexit has unleashed. The EU would prefer only a short ...More..

Nvidia buys Israeli chipmaker Mellanox for US$6.9b
by | Tuesday, March 12, 2019

Nvidia buys Israeli chipmaker Mellanox for US$6.9b

Nvidia and Intel are reportedly in a battle for control of Israeli chipmaker Mellanox Technologies , with Nvidia claimed to have the lead bid for ownership of the company. Nvidia's DGX system is an artifici...More..

Long before Trump's trade war with China, Huawei's activities were secretly tracked
by | Friday, March 08, 2019

Long before Trump's trade war with China, Huawei's activities were secretly tracked

President Donald Trump in August, which bars federal agencies and their contractors from procuring its equipment and services. The year ended with the arrest of Huawei's chief financial officer (CFO) in Ca...More..

AOC campaign finance allegations 'serious and troubling,' lawyer says
by | Friday, March 08, 2019

AOC campaign finance allegations 'serious and troubling,' lawyer says

He did not mention that it would also free candidates from the responsibility of disclosure. However, Ryan said the Federal Election Commission could balk at another aspect of the committees' reports: the b...More..

Man Linked To Preethi Reddy Murder Found Dead
by | Friday, March 08, 2019

Man Linked To Preethi Reddy Murder Found Dead

Investigators believe that Narde did not accept that, and had attended the weekend conference purely in order to see her. Police released the last images they had of Reddy at a McDonald's on George Street in ...More..

by | Thursday, March 07, 2019

A political scandal surrounding Canadian PM Justin Trudeau. What's going on?

Butts also stressed in his testimony that there was no pressure on Wilson-Raybould to change her decision on SNC-Lavalin, only to inform the decision with the outside expert opinion of former Supreme Court Chie...More..

Theresa May accused of 'bribing' Labour MPs to back her Brexit deal
by | Wednesday, March 06, 2019

Theresa May accused of 'bribing' Labour MPs to back her Brexit deal

British lawmakers oppose the backstop because it requires Britain to apply some European Union rules in Northern Ireland indefinitely, unless another plan for keeping the border open can be agreed in futur...More..

Gap Inc. to Close 230 Stores, Spin Off Old Navy
by | Monday, March 04, 2019

Gap Inc. to Close 230 Stores, Spin Off Old Navy

The yet-to-be-named company, now dubbed " NewCo ", will encompass Gap , Banana Republic , Intermix , Hill City and the thriving Athleta brand while the other eponymously named one will be dedicated exclu...More..

Tesla slashes Model S, X prices by up to $18K
by | Saturday, March 02, 2019

Tesla slashes Model S, X prices by up to $18K

Tesla has twice this year lowered the price on the Model 3, which now starts at $42,900. That is why we're excited to announce today that we are now offering the standard Model 3 at $35,000. But despite the ...More..

American companies worry US-Chinese ties will worsen
by | Thursday, February 28, 2019

American companies worry US-Chinese ties will worsen

Yesterday, Trump referred to the relationship between China and the United States as "very strong", which may hint that a possible truce to the ongoing trade war between the two countries is not too far away. T...More..

AT&T and Hasbro pull YouTube ads over abuse claims
by | Tuesday, February 26, 2019

AT&T and Hasbro pull YouTube ads over abuse claims

Watson's video went viral and generated a huge discussion on Reddit , prompting YouTube to respond. The company also said it will continue to work to catch abuses more quickly. The spokesperson also added...More..

Amazon.com announces no-go on NY headquarters
by | Friday, February 15, 2019

Amazon.com announces no-go on NY headquarters

The bank had been hoping to leave a little early and hand much of its space to Amazon for a temporary headquarters; presumably, they now need a new plan. "In the face of some pretty normal political opposit...More..

Wilson-Raybould resignation from cabinet long overdue
by | Wednesday, February 13, 2019

Wilson-Raybould resignation from cabinet long overdue

She was demoted from the post of justice minister last month. Housefather says he believes Prime Minister Justin Trudeau when he says nobody from his office pressured Wilson-Raybould but he also believes more...More..

Amazon May Be Reconsidering Long Island City Headquarters
by | Sunday, February 10, 2019

Amazon May Be Reconsidering Long Island City Headquarters

Unions, which have organized most of the deal opposition on the grounds that e-commerce destroys traditional retail jobs, said the Washington Post report suggests Amazon is threatening to pull the plug on t...More..

Jeff Bezos accuses Donald Trump-ally AMI of extortion
by | Saturday, February 09, 2019

Jeff Bezos accuses Donald Trump-ally AMI of extortion

Bezos' extramarital affair became public when the Enquirer published a January 9 story about his relationship with Lauren Sanchez , a former TV anchor who is also married. Ronan Farrow , one of the report...More..

Monetary Policy: RBI cuts key policy rate to 6.25%
by | Friday, February 08, 2019

Monetary Policy: RBI cuts key policy rate to 6.25%

The reverse repo rate , too, was lowered to 6%, and the bank rate to 6.25%. The MPC also changed its stance to "neutral" from the "calibrated tightening" adopted in October meet previous year. However, all t...More..

Alphabet profit margins slide due to rising Google costs
by | Wednesday, February 06, 2019

Alphabet profit margins slide due to rising Google costs

Facebook Inc. showed that last week by reporting a 30 percent jump in fourth-quarter revenue from a year earlier. Ruth Porat , CFO of Alphabet and Google did not provide any guidance for 2019 and simply s...More..

State of the Union 2019: What to expect
by | Wednesday, February 06, 2019

State of the Union 2019: What to expect

Now, in his annual address to the nation, the president will lay out what comes next. A file photograph of US President Donald Trump at a rally at the Mississippi Coast Coliseum in Biloxi, Mississippi. so...More..

Brexit: Theresa May ‘determined’ to leave European Union in March
by | Monday, February 04, 2019

Brexit: Theresa May ‘determined’ to leave European Union in March

UK MPs last week backed a call for May to return to Brussels to secure a new Brexit deal that puts "alternative arrangements" in place of the controversial backstop - a kind of insurance policy created to avo...More..

The Federal Reserve Calls Uncle On Higher Rates And More - Mike Swanson
by | Saturday, February 02, 2019

The Federal Reserve Calls Uncle On Higher Rates And More - Mike Swanson

Stock-index futures pointed to a mixed start for Wall Street on Thursday. This time, it is widely anticipated and nearly 100% guaranteed that the FED will keep interest rates unchanged at 2.50%. "Overall...More..

India’s unemployment rate highest in 45 years
by | Friday, February 01, 2019

India’s unemployment rate highest in 45 years

The CPI (M) has alleged that the latest NSSO data on employment had been suppressed by the government as it showed joblessness had reached a four-decade high post-demonetisation and demanded that all such data ...More..

Trump upbeat on US-China trade meetings
by | Friday, February 01, 2019

Trump upbeat on US-China trade meetings

If the two sides can not reach an agreement by 1 March, the USA has said it will increase the tariff rate from 10% to 25% on Chinese goods worth an estimated $200bn. "Without this a deal would be unacceptable...More..

United States hits 'corrupt' Venezuela oil firm PDVSA with sanctions
by | Wednesday, January 30, 2019

United States hits 'corrupt' Venezuela oil firm PDVSA with sanctions

Pompeo encouraged the council to recognize Juan Guaido as the constitutional interim president of Venezuela. Venezuela exports about 500,000 barrels of oil daily to the United States , mostly to Citgo and ...More..

U.S. charges Huawei with fraud for violating Iran sanctions
by | Tuesday, January 29, 2019

U.S. charges Huawei with fraud for violating Iran sanctions

In response to a question, Acting Attorney General Matt Whitaker stated that the Mueller investigation is "close to being completed". An indictment partially unsealed by the Justice Department accused Meng,...More..

Memos: Facebook allowed 'friendly fraud' to profit from kids
by | Monday, January 28, 2019

Memos: Facebook allowed 'friendly fraud' to profit from kids

The report suggests that Facebook quelled internal attempts to end the practice. Facebook knew children were spending money in games without getting parental consent and the company did nothing about it, ac...More..

Oil edges down as United States supplies, economic worries eclipse Venezuela turmoil
by | Monday, January 28, 2019

Oil edges down as United States supplies, economic worries eclipse Venezuela turmoil

Oil prices fell 1 percent on Wednesday, weighed down by swelling USA inventories and a plunge in global stock markets amid concerns over an economic slowdown. They've come to rely on the cheap and extra heavy ...More..

Trump OK with second shutdown over border spat, White House says
by | Monday, January 28, 2019

Trump OK with second shutdown over border spat, White House says

But on Friday, he reversed course in the face of mounting public pressure, declining poll numbers, escalating air travel delays and anger from the Federal Bureau of Investigation director he selected. He hint...More..

USA warns against any threat to diplomats in Venezuela
by | Monday, January 28, 2019

USA warns against any threat to diplomats in Venezuela

The diplomatic friction and defection was triggered by USA recognition of opposition leader Juan Guaido as Venezuela's interim president. Maduro's assertion was based on reports that Vice President Mike...More..