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Economy

There will be more uncertainty. It was not the widely-expected rate hike itself that gave investors a headache so much as forecasts released by the Fed about what it expected to do next year. "From a macroeconomic standpoint, no one market is the single dominant indicator, and it really matters if changes are sustained over time", he added.
  • Trump Turns Up Pressure on Federal Reserve Ahead of Rate Decision

    Trump Turns Up Pressure on Federal Reserve Ahead of Rate Decision

    Economy

    The Fed's Federal Open Market Committee, the body which sets interest rate policy, will announce its decision at 2 p.m. Wednesday. That hike would keep rates low by historical standards but put them at the highest level in a decade. There is a strong rationale for the Fed to raise rates in December, with further hikes in 2019 looking less likely as trade tensions between the U.S.
  • More Recalls as E. Coli Warnings Hit Lettuce, Cauliflower

    More Recalls as E. Coli Warnings Hit Lettuce, Cauliflower

    Economy

    A California farm linked to an outbreak of E.coli on romaine lettuce is recalling more leafy products and cauliflower, at least some of which was shipped to IL. Farming's red and green leaf lettuce is being recalled. The FDA announced Thursday that investigators found a positive E. coli sample result in an irrigation reservoir on a farm owned by Adam Bros.
  • Google to spend $1 billion to establish new campus in NY

    Google to spend $1 billion to establish new campus in NY

    Economy

    It also comes after Apple unveiled plans for a $ 1 billion campus in Austin, Texas . As noted by the New York Times , Google arrived in New York in 2006 with no fanfare, but it has since been criticized for contributing to Chelsea's gentrification, while food vendors claim to have lost sales because of its in-house cafeterias.
  • FDA finds a source of e coli-tainted romaine

    FDA finds a source of e coli-tainted romaine

    Economy

    Farms in Santa Barbara County tested positive for the bacterial strain and the owners are co-operating with US officials. Romaine lettuce from these areas is now safe to consume. "What we are seeing is there are multiple distributors and multiple processors and multiple farms that show up in the various legs of that traceback and they don't all lead back specifically to this farm", said Dr.
  • Renault keeps Ghosn as chief executive and chairman

    Renault keeps Ghosn as chief executive and chairman

    Economy

    The Renault directors' preliminary conclusion is that the auto boss's compensation was in "compliance with applicable law" as well as with the recommendations of the French corporate governance code. Ghosn, a towering figure in the global auto industry who had nonetheless prompted grumblings over a perceived lavish lifestyle, has reportedly told embassy visitors he is being treated well, but has complained of the cold in his cell and of the rice-based food.
  • Sundar Pichai Did Not Deny Development of Censored Chinese Version of Google

    Sundar Pichai Did Not Deny Development of Censored Chinese Version of Google

    Economy

    Sundar Pichai's speech is online now ready for anyone to read. As Pichai made his way into the House Judiciary Committee hearing on Tuesday morning, Jones followed the CEO down the hall, repeatedly chanting "Google is evil!" He didn't have to explain himself much about the recent walkouts over sexual harassment, or the data that Google collects on users-even though the session was supposed to be about Google's data collection and use.
  • Flight Forced To Turn Back After Human Heart Found Onboard

    Flight Forced To Turn Back After Human Heart Found Onboard

    Economy

    Or if it made it there in time for a likely transplant. The heart, which had been on an earlier flight from Sacramento to Seattle , was not removed from the plane as it should have been. But the shock gave way to kindness, and many onboard were "happy to save a life". LifeCenter Northwest organizes the transfer of transplant organs in the region.
  • Thune: Farm bill will allow farmers more flexibility

    Thune: Farm bill will allow farmers more flexibility

    Economy

    He spent $84,000 in taxpayer money to settle a lawsuit by one of his former aides, Lauren Greene, who alleged that he said he had "wet dreams" about her and said she was welcome to "show her nipples whenever she wanted". Rodes says growing hemp isn't new to Virginia, but it's been illegal for quite a few years. They took advantage of relaxed hemp rules spelled out in the 2014 Farm Bill.
  • Johnson & Johnson Allegedly Knew Baby Powder Contaminated with Asbestos for Decades

    Economy

    The company's executives, researchers, doctors and lawyers were aware but deliberately chose not to disclose this information and not to refer it to the authorities, according to the report . Earlier this year, the company was ordered to pay billions to 22 women who alleged that the company's products containing talc also contained asbestos and caused their cancer.
  • United States to help get Canadian detainees freed amid Huawei row, Pompeo says

    United States to help get Canadian detainees freed amid Huawei row, Pompeo says

    Economy

    Calling the Canadians' arrests "unlawful", Pompeo said: "We ask all nations of the world to treat other citizens properly, and the detention of these two Canadian citizens in China ought to end". "Canada is deeply concerned about the detention of Mr Kovrig and Canada has raised the case directly with Chinese officials", Freeland said. But two sources told The Globe and Mail that the focus has now shifted to China's detention of the two Canadians and Beijing's anger over the arrest of Ms.
  • China, US discuss next stage of trade talks

    China, US discuss next stage of trade talks

    Economy

    However, according to the same internal sources, this step has not been finalized and the final decision could change. The proposal substantiates Trumps claims. China is the largest market for USA soybeans, making up over 60% of total exports in 2017. The lack of sales has left United States farmers in a rough spot.