Business

Fed approves October reversal of historic stimulus, leaves rates unchanged

Fed approves October reversal of historic stimulus, leaves rates unchanged

The core personal consumption expenditure (PCE) price deflator, the Fed's favoured measure of consumer price rises, rose by an annual 1.4% in July , down from 1.5% in the prior month. Analysts foreca...

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Another Blow To Bitcoin: Chinese Cryptocurrency Exchange BTCC Shuts Down China Operations

Another Blow To Bitcoin: Chinese Cryptocurrency Exchange BTCC Shuts Down China Operations

ICO is offering digital coins for sale for new cryptocurrency ventures. Bitcoin is created and exchanged without the involvement of banks or governments. The exchanges mention the possibility ...

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Three things to know about the Census' big earnings report out today

Three things to know about the Census' big earnings report out today

The new data, along with another census report showing the rate of Americans lacking health insurance to be at its lowest-ever last year, suggest that Americans were actually in a position of incr...

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United Kingdom inflation surprise as prices spike again

United Kingdom inflation surprise as prices spike again

Could we see a series of slow and gradual rate hikes a la Federal Reserve , before the BOE concentrates on its balance reduction programme? Is now the time for the governor to put his money where his...

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Oil Prices Rise On Huge Draw In Gasoline Stocks

Oil Prices Rise On Huge Draw In Gasoline Stocks

The Saudi Arabian energy minister Khalid Al Falih agreed with his Venezuelan , Kazakh and UAE counterparts to keep all options open in their push to re-balance world oil markets, including the po...

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Emirates cancels Florida flights due to Hurricane Irma

Emirates cancels Florida flights due to Hurricane Irma

Cars wait in line at a gas station in Miami ahead of Hurricane Irma , on September 5, 2017. Reporting on the dangers posed by Irma's powerful winds when they reach Florida , NPR's David Schaper ...

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European Shares Seen Up As Investors Look To ECB

European Shares Seen Up As Investors Look To ECB

The European Central Bank has a tight timetable for deciding the future of its bond-buying programme, but investors may face an even tighter one to adjust to the outcome. This tells us that the mark...

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Yen rises on risk aversion after North Korea's nuclear test

Home builders: Back on the FTSE 100, Berkeley Group fell 2.7% as the home builder said the London market continued to be adversely impacted by Brexit uncertainty and changes to stamp-duty land tax....

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Gasoline price dips as U.S. refineries prepare to reopen after Harvey

Gasoline price dips as U.S. refineries prepare to reopen after Harvey

Hurricane Harvey cut USA refining capacity to the lowest level since 2008 after its initial strike on the Texas coast late last week. Lubbock will likely not see as serious of an impact as other ar...

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Punishing prices for gasoline hit Saturday at local stations

Punishing prices for gasoline hit Saturday at local stations

Others saw potential for operational refineries to delay typical September seasonal maintenance to benefit from high prices. Dr. Barrett says, "The prices will go up a little bit, but then it should...

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Maps show Hurricane Harvey flooding is worse than you thought

Maps show Hurricane Harvey flooding is worse than you thought

The U.S. government is generally on the hook for the bulk of flood-insurance claims; Hurricane Harvey's costs are expected to mount to tens of billions of dollars in Texas. The NFIP offers flood in...

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Corruption guilty Samsung heir sentenced to 5 years in jail

Corruption guilty Samsung heir sentenced to 5 years in jail

Supporters of the ousted president staged a rally outside the court on Friday to demand Lee's release, facing off against another group of protesters who instead demanded punishment for the Samsung ...

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Fifth Republican Senator Comes Out Against Senate Health Care Bill

Fifth Republican Senator Comes Out Against Senate Health Care Bill

Of course, the other big piece of this bill that has nothing to do with the Affordable Care Act is a capping of federal funding for the Medicaid program, which is something that Republicans have b...

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Is the Whole Foods acquisition the beginning of Amazon's endgame?

Is the Whole Foods acquisition the beginning of Amazon's endgame?

The online retail giant's surprise acquisition of Whole Foods comes at a time when Amazon has been inserting itself into the grocery market, and Whole Foods had been cutting prices. Amazon says the ...

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Whole Foods CEO calls deal with Amazon 'whirlwind courtship'

Whole Foods CEO calls deal with Amazon 'whirlwind courtship'

Becoming a bigger player in the grocery space is a logical ambition for Amazon as the market is a $600bn a year business. In the USA "this adds 440 refrigerated warehouses within 10 miles of probabl...

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Why is Amazon buying Whole Foods? The opportunity of online grocery [Podcast]

Why is Amazon buying Whole Foods? The opportunity of online grocery [Podcast]

However, the impact of this deal reaches far beyond these two companies as the stock exchange indicates. While service industries and developers have a lot of work ahead to help Whole Foods evolve, ...

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Fmr LLC Acquires Shares of 33450285 Snap Inc. (SNAP)

Fmr LLC Acquires Shares of 33450285 Snap Inc. (SNAP)

Zenly, a French startup that creates a social map using Global Positioning System location to show you where your friends are hanging out, was recently acquired by Snap , according to Tech Crunch . ...

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Trump tells senators House health bill 'mean'

Trump tells senators House health bill 'mean'

Thune said the group also discussed an effort he is leading to increase the tax credits in the bill to give more assistance to low-income and older people than the House bill did. "So I will just ...

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Kids tossed from windows to escape London high-rise blaze

Kids tossed from windows to escape London high-rise blaze

Some residents screamed for help from behind upper-floor windows, some tried to throw children to safety, as flames raced through the high-rise Grenfell Tower block of apartments in the north Kensi...

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Russian Court Sentences Opposition Leader Navalny to 30 Days in Jail

The rallies suggested Kremlin opponents are able to draw significant crowds despite police pressure and arrests. Navalny's anti-corruption videos have needled the country's ruling elite and drawn ...

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Tottering Theresa May names new UK Cabinet as critics circle

To avoid any real debate about the issues Britain faces - in particular, the reality of Brexit - she had to make the election about nothing at all. EU Budget Commissioner Guenther Oettinger said i...

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Warriors' Green will be on the court for this Finals Game 5

Warriors' Green will be on the court for this Finals Game 5

One of the plays being looked at is the Zaza Pachulia incident which took place with a little over a minute to play in the third quarter. They had an All-Star-Game-like 86 points at halftime, and ...

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UK leader May seen fighting for survival after election failure

And I started by asking him, how it is that Theresa May , who had been tremendously popular, fell so short? Not a word in the speech about the drop in the Conservative vote, nor of a campaign, comm...

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Pound dives as UK plunges into new period of uncertainty

Pound dives as UK plunges into new period of uncertainty

The FTSE 100 opened nearly 0.8% higher - largely as a effect of weaker sterling boosting demand for shares in firms which earn the bulk of their revenues in dollars and euros. At the time of writing...

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IOS 11 brings NFC smarts to more apps

IOS 11 brings NFC smarts to more apps

Speculation was rampant about the introduction of a new drag and drop file management feature right before the conference after a developer running an iOS 10 beta spotted the new category. It even...

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US unemployment rate hits 16-year low

That rate dropped to 8.4 percent in May, and Cohn noted that it is down a full percentage point since Trump took office in January. Unemployment in the USA dropped to 4.3% in May, the lowest since...

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Trump resisting pressure from Europe, pope on climate deal

Trump resisting pressure from Europe, pope on climate deal

Trump is to meet Wednesday with Secretary of State Rex Tillerson , who believes the USA should stay in so it can keep its place at the global bargaining table. A withdrawal, as supported by Pruitt, w...

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Musk storms out of Trump advisory council over climate change decision

This isn't tree-hugger stuff, either. "This is not the type of leadership Britain needs either to negotiate Brexit or stand up to defend our planet in an era of climate change ". USA state leader...

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Oil Prices Rebound As EIA Reports Big Crude Draw

Meanwhile, higher supply from Nigeria and Libya , which are exempt from a production-cutting deal , has fuelled concerns that the OPEC-led output cuts to reduce global inventories were being undermi...

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Theresa May, Jeremy Corbyn face tough questions on live TV

Corbyn eschewed numerous sound bites that characterize this form of politicking, disarming a studio audience with humor and making strides in erasing a public image as a tense far-left campaigner who...

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Official says Trump expected to pull US from Paris deal

Official says Trump expected to pull US from Paris deal

Former Secretary of State John Kerry , who helped negotiate the agreement , responded to a Twitter user who shared a photo of Kerry signing the agreement at the United Nations with his granddaug...

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India arrive in Birmingham ahead of high-voltage tie against Pakistan

India arrive in Birmingham ahead of high-voltage tie against Pakistan

Yet England's credentials are undeniably strong and, despite their stated aim being the World Cup here in 2019, the near-miss in the final of the World T20 in India a year ago and in this tourname...

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Murray calls Agassi good hire for Djokovic

The Scot said the last few months had been hard and he had had some problems with his elbow early in the year. "I have played a great week in Rome". "I'm very excited for him being here, becaus...

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Trump Budget Requires Work for Food Stamps

South Carolina, with a 16.6 percent poverty rate, is heavily dependent on safety-net programs. "Regarding the double-counting", Mulvaney said , "here's one of the things I think that a lot of folks...

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Trump's budget director defends plans to cut social programs

Mulvaney's appearance on Capitol Hill is just one of four planned for Wednesday, as Trump Cabinet officials, including Treasury Secretary Steven Mnuchin, Education Secretary Betsy DeVos, and Agricultu...

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Special counsel a 'witch hunt,' Trump says; Senators briefed on Mueller

Martin Heinrich, D-N.M., walk on Capitol Hill in Washington , Thursday, May 18, 2017, to. "O$3 ne of the big losers in this decision is the public", Graham said and added that he anxious lawmakers...

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Former PM John Howard slams Scott Morrison over bank tax

Pushing up personal income tax by lifting the Medicare levy to 2.5 per cent of personal income is at odds with Mr Morrison's previous message that there is a spending problem not a revenue problem. "I...

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Ransomware Attack Hits Businesses Across The World

Ransomware Attack Hits Businesses Across The World

Shadow health secretary Jonathan Ashworth accused the Government of ignoring "extensive warning signs" about vulnerabilities in NHS computer systems. "We don't know when the problem can be solved", sa...

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Clark, Horgan, Weaver all say they're willing to work with other parties

Clark and Weaver do have a history of positive dialogue, so her unwillingness to publicly beg for Green support might trace back to those ties. Weaver made it clear on election night that electoral ...

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Warren Buffett's one-word answer for why he hasn't purchased Amazon shares

Buffett is the celebrity that everyone wants to get close to at the meeting. However, he said the USA must do more to help Americans who lose their jobs to overseas competition and technology, saying,...

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Himes: Trump's tongue a security concern

The White House on Tuesday defended President Trump's disclosure of classified information to senior Russian officials as "wholly appropriate". "If true, first he holds victory party w Russian off...

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Europol warns of further cyberattacks on Monday morning

We can surely expect more". The VNCERT, under the Ministry of Information and Communications, has issued warnings as well as offered protection measures to all users to guard against the ransomware...

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Trump Open to Gas Tax Hike for Rebuilding

Trump Open to Gas Tax Hike for Rebuilding

There would be a shift from a worldwide system of taxation under which a US taxpayer is generally taxed on its worldwide income regardless of where earned to a territorial system under which income wo...

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Antonio Conte urges Chelsea players to turn great season into fantastic season

Conte, who already had a reputation of being a master tactician. Once the title was confirmed, kind words of congratulations from all over the football world. "There were other important points in t...

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Just 21% of Voters Approve of the New GOP Health Care Plan

Although recent changes may have helped the bill make it through the House chamber, Quinnipiac University Poll Assistant Director Tim Malloy said they appear to have had little effect on publi...

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Wall's game-winner sets up Game 7 showdown with Celtics

Wall's game-winner sets up Game 7 showdown with Celtics

Bradley Beal hit a clutch 3-pointer after Washington forced a key turnover to help get the game back in reach. Thomas and Wall each had 10 points in the fourth quarter. Washington is 6-0 at home du...

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Bank of England keeps rates at record low as economy slows

Bank of England keeps rates at record low as economy slows

The Bank's two previous sets of quarterly forecasts brought big upward revisions to the growth outlook and on Thursday it only softened its short-term outlook a fraction, despite recent data showing...

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United flight delayed after scorpion reported aboard

United flight delayed after scorpion reported aboard

United Flight 1035 was scheduled to fly from Houston to Quito, Ecuador, when it was delayed, KHOU-TV reported . The passenger, Richard Bell, was stung when he picked the creature up after it land...

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Businesses ramped up hiring in April as USA economy regained speed

Businesses ramped up hiring in April as USA economy regained speed

The economy added better than 200,000 jobs during the first two months of the year, but hiring eased in March. However, those gains were offset by losses in the health-care sector, which shed more tha...

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US says North Korea fired a medium-range missile

President Donald Trump was uncharacteristically quiet about the failed launch. "Our commitment to this historic alliance with the courageous people of South Korea has never been stronger, and with you...

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