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Economy

Following the publication of the bank's quarterly Inflation Report alongside its rate decision, Governor Mark Carney hinted that a quarter-point hike in United Kingdom interest rates is now possible as soon as May. The European commission is forced to upgrade its growth forecast for the United Kingdom economy to 1.5 per cent from just 1 per cent. Today, the Bank of England's (BoE) Monetary Policy Committee (MPC) completed its two-day policy meeting.
  • Powell takes charge as Fed's chairman of the Board of Governors

    Powell takes charge as Fed's chairman of the Board of Governors

    Economy

    Economists widely expect the Fed to hike interest rates three times this year, with the first coming in March. Powell also said that the "financial system is now far stronger and more resilient than it was before the financial crisis". The Dow Jones index has lost 5% of its value since last record, after extending this Monday heavy falls that were seen on Friday, on last day of Yellen.
  • It's about earnings, not Treasury yields

    It's about earnings, not Treasury yields

    Economy

    The Dow's drop Monday was its biggest in terms of points, but it had a larger percentage drop as recently in 2011. The S&P 500 dividend yield has been at around 2 percent for the past nine years, drawing investors looking for dependable returns.
  • BJP joins hands with NDPP for Nagaland assembly poll

    BJP joins hands with NDPP for Nagaland assembly poll

    Economy

    The Bharatiya Janata Party has made a decision to forge an alliance with newly floated Nationalist Democratic People's Party led by former chief minister Neiphiu Rio for the February 27 assembly polls in Nagaland. The letter has state BJP president Visasolie Lhoungu's name on it but not his signature. The BJP has since come up with a tentative list of candidates for the election.
  • BP profit surges as oil major leaves downturn behind

    BP profit surges as oil major leaves downturn behind

    Economy

    After years of spending cuts, BP should be able to generate profits in 2018 at an oil price of $50 a barrel, Chief Financial Officer Brian Gilvary told Reuters . As it emerges from the consequences of Deepwater Horizon , where an oil spill killed 11 people, while also facing the global downturn in prices, BP has struggled to maintain its reputation.
  • Statistics Canada reports trade deficit grows to $3.2B in December

    Statistics Canada reports trade deficit grows to $3.2B in December

    Economy

    Canada's trade deficit increased to $3.2 billion in December as record imports outpaced the growth in exports, Statistics Canada said Tuesday. Trade was a hallmark issue of President Donald Trump's campaign. The president recently placed tariffs on imported solar panels and washing machines, sparking concern the United States may prompt trade wars. Trump has often hit Mexico and China the hardest on trade, and his administration is now in the process of renegotiating the North American ...
  • Democratic, Republican lawmakers: Memo doesn't clear Trump in probe

    Economy

    The memo , written by Republicans on the US House of Representatives Intelligence Committee chaired by Devin Nunes , argues that the federal investigation of potential collusion between Trump's 2016 presidential campaign and Russian Federation was a product of political bias against Trump at the Federal Bureau of Investigation and Justice Department.
  • Dow plunges 666 points

    Dow plunges 666 points

    Economy

    The oil giants face shortages of equipment and skilled labor as they try to ramp up production after the recovery in oil prices. KEEPING SCORE: The Standard & Poor's 500 index fell 29 points, or 1 percent, to 2,792 as of 10:11 a.m. Investors are bracing for four Federal Reserve rate hikes this year as the bank aims to bring interest rates back up to historic neutral averages. Equities are being tested by the surge in bond yields , with some fund managers saying 3 percent USA 10-year ...
  • Triad could see freezing rain Sunday morning

    Triad could see freezing rain Sunday morning

    Economy

    As temperatures fall Sunday night, anything that is wet and untreated will likely freeze. Colorado's central and northern ski resorts will pick up 3-6 inches of snow with 6 -12 inches possible on the higher peaks in the northern mountains.
  • Trump Asked Rosenstein Whether He Was On His 'Team'

    Trump Asked Rosenstein Whether He Was On His 'Team'

    Economy

    The memo says that Rosenstein signed an application to renew a surveillance warrant on Carter Page, a former Trump campaign adviser, and says that information justifying that and other warrant requests to the Foreign Intelligence Surveillance Court was tainted by political bias.
  • Journalist says BBC treating women as 'enemy' over pay gap

    Journalist says BBC treating women as 'enemy' over pay gap

    Economy

    In response to Tuesday's report, the BBC said there would be "substantial" pay reductions for some men and pay increases for some men and women. "This was after the Miriam O'Reilly tribunal case". And there was no man. "There was no other candidate for the job". "They're still not giving me equality, they're not giving me parity or the benchmark which would allow me to judge that it's a robust payment system".
  • FY2019 Earnings Forecast for AbbVie Inc (NYSE:ABBV) Issued By Jefferies Group

    Economy

    Abbvie Inc now has $185.78B valuation. Briefly looking at some recent volatility numbers, we can see that shares have been noted at 5.89% for the week, and 2.92% for the past month. The firm earned "Buy" rating on Friday, August 18 by Jefferies. (NYSE: ABBV ) rating on Tuesday, January 16. It also increased its holding in Berkshire Hathaway Inc Del (BRKB) by 18,303 shares in the quarter, for a total of 476,486 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX).