Economy

The Federal Reserve has raised its key interest rate for the third time in six months, providing its latest vote of confidence in a slow-growing but durable economy. Core goods prices fell 0.3 percent. Nevertheless, James Bohnaker of IHS Markit said seasonal factors likely exaggerated the effect of falling energy prices on overall inflation because gasoline prices typically rise in the spring, ahead of the USA driving season.
  • Will the Gulf Cooperation Council Survive the Saudi-Qatar Crisis?

    Economy

    The Gulf states on June 5 ordered Qataris to leave within 14 days and also banned their own citizens from travelling to the emirate. Late last month, Putin met the Saudi Deputy Crown Prince Mohammed bin Salman in Moscow for talks on the Syrian conflict as well as cutting oil production.
  • Scalise in 'good spirits' before surgery for bullet wound

    Scalise in 'good spirits' before surgery for bullet wound

    Economy

    The team was taking batting practice when gunshots rang out and chaos erupted. Terrified, the lawmakers watched as the gunman, who was wearing jeans and a blue shirt, moved methodically from near the third-base dugout to behind home plate as he fired round after round.
  • Fox News drops 'Fair and Balanced' slogan

    Fox News drops 'Fair and Balanced' slogan

    Economy

    Trump, one might think that the slogan would still pay dividends for the network. The tag has been with the network since Ailes launched it in 1996, noted NY mag's All-thing-Fox-News reporter Gabe Sherman, who broke this story. "He would say, "The news is like a ship". Ailes would also use "fair and balanced" as a measuring stick on whom to hire. Ailes, 77, died on May 18 at his home in Palm Beach after he was hospitalized for several days due to injuries sustained from a fall.
  • Bill Cosby Sexual Assault Trial: Jury Deliberates for Third Day

    Bill Cosby Sexual Assault Trial: Jury Deliberates for Third Day

    Economy

    Cosby". On Wednesday morning, the panel resumed talks. Though dozens of women have accused Cosby of sexual misconduct, only Constand's accusations led to criminal charges. "And I went upstairs and I went into my pack and I broke one whole one and brought a half down and told her to take it". During an interview 12 years ago in NY at Cosby's lawyers' office, the comedian told Sargent Schaffer and two other investigators that he and Ms.
  • President Trump: Scalise a good friend and patriot

    Economy

    He repeatedly praised the Capitol Police officers and first responders who quickly mobilized to the softball field where the Republican baseball team was practicing ahead of Thursday night's charity game against a Democratic team. "Reports indicate they took swift action to take down this madman and render aid", Edwards said. "And I look around and behind third base, in the third base dugout, which is a cinder block, I see a rifle and I see a little bit of a body".
  • Who is Steve Scalise, GOP congressman injured in Virginia shooting

    Economy

    Members were nearly breathless as they described the heroism of Capitol Police members who continued to shoot at the attacker despite being injured themselves. "It would have been a massacre without them". In a Wednesday news conference, Tim Slater, FBI special agent in charge, said the incident will be investigated with "state and local partners".
  • Outstanding Analyst Ratings For Royal Mail (LON:RMG)

    Economy

    Royal Dutch Shell had 281 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by HSBC on Friday, February 3 with "Buy". FBR Capital maintained it with "Mkt Perform" rating and $112 target in Wednesday, January 20 report. In server cases if a company maintains a 10% or more EPS growth rate that may be a good target for investors.
  • Fed raises interest rates, to reduce balance sheet 'this year'

    Economy

    Fed leaders see the unemployment rate remaining at about 4.3% this year and falling to 4.2% in 2018. While some economists said central bankers are unlikely to rewrite their so-called dot-plot forecasts for additional hikes this year and next, Fed Chair Janet Yellen may indicate in her press briefing that further rate increases depend on inflation performance.
  • Crude Oil Stuck Near $46 On Global Supply Glut

    Economy

    The EIU also predicted that Opec will be forced to keep limits on its production beyond the end of the current agreement in March 2018, in order to prevent a wave of oil from returning to the market and sending prices plummeting. "As a result, oil inventories remain high, particularly in the US-a key factor behind persistent weakness in oil prices", pointed out a World Bank report on Global Economic Prospects.
  • Whitbread plc (WTB) PT Raised to GBX 3925

    Economy

    The SI to Grifols SA Ads's float is 0.18%. About 755,882 shares traded. Trimble Inc (NASDAQ:TRMB) has risen 51.45% since June 12, 2016 and is uptrending. It has a 141.1 P/E ratio. The Established Markets includes Benelux, Canada, Denmark, France, Ireland, Norway and Switzerland. Aviva plc ( LON:AV ) traded down 0.09% during trading on Tuesday, reaching GBX 533.00.
  • Global Oil Glut Won't Subside in 2017, Says IEA

    Economy

    It said it "makes sobering reading for those producers looking to restrain supply". Oil inventories have remained high several months into a deal by OPEC producers with non-member nations to reduce supply by 1.8 million bbl/d. OPEC's own compliance with the cuts has been questioned , and the producer group said in a report this week that its output rose by 336,000 barrels per day in May to 32.14 million barrels per day.