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Economy

The dollar plunged against major currencies after the Fed signaled a more gradual pace of monetary tightening this year, contrary to what the market was expecting. Analysts say that formation of a BJP government in Uttar Pradesh may accelerate economic progress in India's most populous state as greater economic cooperation between the central and state governments will result in faster implementation of central and state projects.
  • Biggest Tech Movers: Infinera Corporation (INFN), Cypress Semiconductor Corporation (CY)

    Biggest Tech Movers: Infinera Corporation (INFN), Cypress Semiconductor Corporation (CY)

    Economy

    Looking at this figure it suggests that the shares of ON Semiconductor Corp. (ON) is at 48.05. The target price for ON Semiconductor Corp. Investors of record on Thursday, March 30th will be paid a $0.11 dividend. Current price places the company's stock 13.1% away from its 200-day simple moving average, 7.89%, away from the 50-day average and also 1.11% away from 20-day average.
  • Airbnb goes all-in for China, changes name to 'Aibiying'

    Airbnb goes all-in for China, changes name to 'Aibiying'

    Economy

    In a survey conducted in November 2016, iResearch Consulting Group found that 77.2% of home-sharing service users in China were ages 35 and younger. The company announced on Wednesday, March 22, that it will triple its workforce in the country and double its investment. " There's a whole new generation of Chinese travelers who want to see the world in a different way ".
  • Russia Summons Israeli Ambassador Over Airstrikes Near Palmyra

    Russia Summons Israeli Ambassador Over Airstrikes Near Palmyra

    Economy

    His brother-in-law Imad Mughniyeh was Hezbollah's military commander until he was assassinated in a 2008 bomb blast in Damascus, which reports suggested was the work of both Israel's Mossad and America's CIA agencies. The U.S. government believed Badreddine, 55, was in charge of Hezbollah's military operations in Syria. Russia's Foreign Ministry says that Moscow is relying on Israel keeping in line with agreements reached during Netanyahu's state visit to Russian Federation earlier this ...
  • Westbrook's 36th Triple-Double Not Enough As Thunder Falls In Houston

    Westbrook's 36th Triple-Double Not Enough As Thunder Falls In Houston

    Economy

    The matchup was notable on a couple of fronts: Harden and Thunder star Russell Westbrook appear to be duelling for the MVP award, and there is every likelihood these two teams could meet in the first round of the upcoming playoffs. Steven Adams and Alex Abrines scored 11 points apiece. The Oklahoma City Thunder point guard is on pace to become the first player since Oscar Robertson in 1961-62 to average a triple-double for a full season.
  • Reince Priebus: Trump Not Backing Off Border Tax Push

    Reince Priebus: Trump Not Backing Off Border Tax Push

    Economy

    In a tweet on Sunday morning, Trump lashed out at both the Freedom Caucus and the conservative groups, saying their actions had left "Democrats smiling in D.C". Priebus said Trump was looking ahead for now at debate over the budget and a tax plan, which he said would include a border adjustment tax and middle-class tax cuts .
  • Old Mutual to sell minority stake in OM Asset Management

    Old Mutual to sell minority stake in OM Asset Management

    Economy

    It is expected that a HNA Capital US-nominated director will join the OMAM board on the completion of the first tranche and a second on the completion of the second tranche. OM Asset Management oversees $240 billion in assets, and earned $126.4 million past year. Old Mutual is also undertaking a transformation, preparing to break up its wealth, U.S.