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Economy

Republican critics tend to want the Fed to raise rates more quickly, not more slowly. He also said , "No, I'm not going to fire him (Powell)". Trump himself later told reporters he would not try to oust Powell, Trump's handpicked successor to former Fed chair Janet Yellen, and a well-regarded insider in moderate Republican circles.
  • Here's the latest Facebook hoax you should know about

    Here's the latest Facebook hoax you should know about

    Economy

    I had to do the people individually. Officials are warning Facebook users about a new viral message that is actually a hoax. Heads-up! nearly every account is being cloned. Facebook is aware of this message. It's like a modern day chain letter. The suspicious message is considered to be spam, which is different from being hacked, Facebook told WSYR-TV .
  • Slower Than Expected Job Growth in September

    Economy

    The Labor Department said non-farm payroll employment climbed by 134,000 jobs in September, while street had expected an increase of about 185,000 jobs. Economists forecast another robust month of job gains. And many analysts see the unemployment rate continuing to decline this year, ramping up pressure on wages and prices.
  • Unemployment lowest in United States since 1969

    Unemployment lowest in United States since 1969

    Economy

    Mark Hamrick, a senior economic analyst at Bankrate says the positive wage trend should accelerate for workers as long as the patterns of growth and hiring stay intact. The jobless rate for prime-age workers - ages 25 to 54 - declined to 3 percent . The retail sector shed 20,000 jobs, largely from garden and building material supply stores, after having showed relatively strong growth in the first half of the year.
  • Musk Ridicules SEC in Tweet Storm Days After Settling Suit

    Musk Ridicules SEC in Tweet Storm Days After Settling Suit

    Economy

    A 1:16 p.m. California time , Mr. Musk's Twitter account tweeted, "Just want to [sic] that the Shortseller Enrichment Commission is doing incredible work". On Thursday, the federal judge responsible for green-lighting the settlement asked the SEC and Musk to provide a joint statement explaining why the deal should be approved.
  • From Borismania to tedious ramble: How the papers reacted to Johnson's speech

    From Borismania to tedious ramble: How the papers reacted to Johnson's speech

    Economy

    MAY: A second referendum would be a politicians' vote, politicians telling people they got it wrong the first time and should try again. "We are trying very hard to avoid these circumstances arising", he told ITV's Peston show. We need a strong leader, someone who believes in Brexit and someone to deliver what the electorate voted for. "Back them to drive innovation and improve lives".
  • Petrol price cut: Jaitley questions Rahul Gandhi's commitment, allies

    Petrol price cut: Jaitley questions Rahul Gandhi's commitment, allies

    Economy

    This reduction in petrol prices was needed, as Maharashtra recently breached Rs 90 per litre mark, and speculations were rife that the price of petrol will soon touch Rs 100. While the recent tax cut by the government resulting in the lower fuel price is great news for consumers, global oil prices are still a big determinant on how petrol and diesel are ultimately priced in India.
  • Dairy Farmer: Trump’s USMCA Trade Deal Will Have 'Huge Impact'

    Dairy Farmer: Trump’s USMCA Trade Deal Will Have 'Huge Impact'

    Economy

    Conservative leader Andrew Scheer, for his part, has been supportive of supply management after securing the support of dairy farmers in his leadership bid - a move seen by some as fundamentally anti-free market. "So by eliminating that, we're hopeful that those products will again be allowed to be exported into Canada ". "In the case of milk, it's 3.5 per cent of domestic consumption".
  • Karnataka, Kerala, New Delhi refuse to cut petrol, diesel prices

    Karnataka, Kerala, New Delhi refuse to cut petrol, diesel prices

    Economy

    In a major relief for consumers, the government on Thursday reduced excise duty on petrol and diesel by Rs 1.50 per litre and said the oil marketing companies (OMC) will absorb the impact to the tune of Re 1 per litre. Yet now that the higher oil prices have combined with a falling rupee after the latest quarterly economic growth figures turned out disappointing, with the deficit widening, India is facing a serious challenge in sustaining its growth while reducing the adverse impact of ...
  • Trump says Saudi King wouldn't last two weeks without United States support

    Trump says Saudi King wouldn't last two weeks without United States support

    Economy

    US President Donald Trump and Saudi Arabia's King Salman bin Abdulaziz Al Saud (R) attend the Arab Islamic American Summit in Riyadh, Saudi Arabia, May 21, 2017. USA crude inventories jumped 8 million barrels last week, quadruple analysts' expectations and the biggest build since March 2017, the Energy Information Administration said.