Economy

Meanwhile, a strong non-farm payrolls report on Friday would give the markets more confidence that the Fed will stay on course for another two rate increases this year. In the 12 months through March, the index increased 1.8% after rising 2.1% in February. According to The Financial Times , there is now a 94% chance of a rate increase at the June meeting, according to Fed fund futures, up from 67% before this month's decision.
  • Buffett calls Obamacare replacement 'a huge tax cut for guys like me'

    Economy

    Buffet rightly explained during Berkshire Hathaway's annual meeting on Saturday that if driverless cars do become extremely widespread, it will only be due to their high safety relative to passenger vehicles. Most new managers are hired from within the subsidiaries, he said, a model that has been successful. Mr. Buffett made similar comments a year ago. He has worked at the company since he was a student.
  • Time for President Trump to really put America first

    Time for President Trump to really put America first

    Economy

    Conway insisted that the President's decision was significantly shaped by Deputy Attorney General Rod Rosenstein's recommendation to terminate Comey. "Then acts so indignant". He eventually became assistant section chief of International Terrorism Operations Section One, responsible for counterterrorism investigations in the U.S.
  • Jared Kushner's Family Apologizes for Using His Name in Investment Pitch

    Economy

    The pitch seeks to raise funds from Chinese investors through the USA government's EB-5 visa program, which allows permanent US residency for those who finance projects that create a certain amount of jobs. Ethics filings corroborate that Kushner divested from the One Journal Square project, although he and his wife, Ivanka Trump, still benefit from investments in other Kushner Companies projects.
  • Things To Know About This Year's May The Fourth Star Wars Day

    Things To Know About This Year's May The Fourth Star Wars Day

    Economy

    What could be better than attending the premiere of Star Wars: The Last Jedi or getting a role in the untitled Han Solo movie? It was an instant classic. Random? Absolutely. But still a welcome addition to Star Wars Day . Like many Star Wars characters, "May the Fourth" comes with an interesting origin story.
  • Synchrony Financial (SYF) Downgraded by Guggenheim to Neutral

    Economy

    Several other equities analysts also recently weighed in on SYF. The stock of Synchrony Financial (NYSE: SYF ) earned "Buy" rating by Deutsche Bank on Wednesday, May 4. If you are viewing this news story on another domain, it was illegally copied and republished in violation of US and worldwide copyright & trademark laws.
  • China's first homemade passenger plane makes maiden flight

    Economy

    The plane is seen as competition to Boeing 737 and Airbus A320 passenger jets in the most popular single aisle segment. The plane's development was beset by production problems and delays - it had initially been slated to fly in 2014 - and it still relies on a wide-range of foreign technology, with General Electric and French firm Safran supplying the engines through a joint venture.
  • Paddy Power Betfair Acquires DRAFT to Enter US DFS Market

    Paddy Power Betfair Acquires DRAFT to Enter US DFS Market

    Economy

    Paddy Power will pay an initial cash consideration of US$19mln and a further cash consideration of US$29mln depending on the performance of Draft. At the time, Draft co-founder and CEO Jeremy Levine told Crain's that the merger would be good for his business, because there would no longer be "two companies fiercely competing with each other and spending aggressively" on marketing and advertising.