Markets

Markets Wall Street flat as banks fall after weak data; Fed eyed
Author: 0 Wall Street flat as banks fall after weak data; Fed eyed

The Fed cited continued U.S. economic growth and job market strength, proceeding with its first tightening cycle in more than a decade. The S&P 500 technology sector .SPLRCT dropped 1.21 percent, led by declines in index heavyweights such as Apple AAPL.O , Microsoft MSFT.O and Facebook FB.O .

Markets Court filing: Marsh seeks OK to sell 26 grocery stores
Author: 0 Court filing: Marsh seeks OK to sell 26 grocery stores

Fresh Encounters bid $8 million on four locations in OH and 11 others around central Indiana. "Both transactions - the Fresh Encounter and Kroger - were approved conditionally at (Wednesday's) hearing", Marsh Spokesman, Tom Mulligan, said.

Markets The US Has Just Produced More Renewable Energy Than Ever Before
Author: 0 The US Has Just Produced More Renewable Energy Than Ever Before

Solar energy costs to drop a further 66%, onshore wind by 47% and offshore wind levelized costs to drop by 71%. Even fossil fuel companies are very bullish on clean energy. In the US, coal use in power drops 45% as old plants are not replaced and others start burning cheaper gas. Demand for energy has nowhere to go but up.

Markets Man who shot congressman was living in van, called a loner
Author: 0 Man who shot congressman was living in van, called a loner

The assailant, who had nursed grievances against President Donald Trump and the GOP, fought a gun battle with police before he, too, was shot and later died. "Trump Has Destroyed Democracy". Mika, a former aide to Michigan Republican Rep. Tim Walberg, is director of government relations for Tyson Foods Washington , D.C., office and has worked for the company for more than six years.

Author: 0 Sessions vows to defend himself against 'false allegations'

In a tense session of the Senate committee, members grilled Sessions on a series of issues, including conversations he had with Trump and his role in Comey's departure as head of the Federal Bureau of Investigation. The question on the minds of many of those in Congress was whether Sessions was aware of Trump's possible ulterior motive in firing the former FBI Director Comey from his post .

Markets London fire: Blaze engulfs apartment block in West London
Author: 0 London fire: Blaze engulfs apartment block in West London

Another witness, Saimar Lleshi, saw people tying together sheets in an attempt to escape. She added: "I could see people from all angles, banging and screaming for help. Tamara, one witness, told the BBC: "There's people, like, throwing their kids out, 'Just save my children, just save my children!'" London Fire Brigade Assistant Commissioner Dan Daly said firefighters wearing breathing apparatus were "working extremely hard in very difficult conditions to tackle this fire".

Author: 0 Fed Raises Key Interest Rate For The Fourth Time Since 2015

Fed officials reiterated their belief that that both inflation and economic growth will pick up. The decision was expected after months of hinting. Unemployment has already reached a 16-year low of 4.3%. The Fed has been buying around $24 billion in mortgage securities per month this year and around $17.5 billion in Treasuries , according to FTN Financial.

Markets Duke Realty Corporation (DRE) dipped -0.03% in the last trading session
Author: 0 Duke Realty Corporation (DRE) dipped -0.03% in the last trading session

Kimco Realty Corp (NYSE: KIM ) has average revenue estimates of $294.86 Million, compared to low analyst estimates of $291.73 Million and high estimates of $304.14 Million for the current quarter. The shares were acquired at an average cost of $17.37 per share, for a total transaction of $347,400.00. Bowling Port Management Lc owns 7,432 shares.

Author: 0 Puerto Rican voters back statehood in questioned referendum

In the 1998 referendum, the top choice among Puerto Ricans was "none of the above" while in 2012 referendum voted heavily in favor of statehood, with the rest of the ballots left blank. "If we were a state, we would have the same rights". Since then it has laboured under the colonial relationship and in the past decade the island has endured a prolonged recession and accumulated debts and pensions shortfalls of more than $120bn.

Author: 0 Rep. Thornberry Votes for Dodd-Frank Replacement Bill

Repeal Volcker Rule restrictions that keep banks from making risky bets with their own money and owning big stakes in hedge funds. The sweeping Dodd-Frank legislation was signed into law by former President Obama in July 2010. Yarmuth predicted that Senate Republicans would strip many parts of the House bill to get Democratic votes. The bill would take away the the Financial Stability Oversight Council's mandate to designate non-bank financial institutions and utilities as ...

Author: 0 Minnesota officer says motorist had hand on gun when shot

Yanez said he had "tunnel vision" after Castile said he had a gun. However, Dutton said that Castile had his hand on his gun, not his wallet, when Yanez fired. They described Castile as being cooperative when he told the officer that he had a gun on his person. Castile had a permit for the weapon. While Yanez remained firm that he saw a gun, he acknowledged he was under tremendous stress during the incident.

Markets USA retail sales post biggest drop in 16 months
Author: 0 USA retail sales post biggest drop in 16 months

Sales at health and personal care stores remained unchanged from April but increased 0.4% from May 2016. Core retail sales are related most closely to the consumer spending component of GDP, and were reported to increase 0.2% in April. Retail sales came in 3.8% higher than last year's print. Later this afternoon the Fed will likely announce another 25 basis point increase in the fed funds rate, bringing the rate to a range of 1%-1.25%.

Author: 0 Looking at the Technicals For Hargreaves Lansdown PLC (HL.L)

BlackRock, Inc. (NYSE:BLK) has risen 12.19% since June 14, 2016 and is uptrending. It has underperformed by 13.39% the S&P500. Safestore Holdings plc is a United Kingdom real estate investment trust. Argus Research maintained the stock with "Buy" rating in Tuesday, December 1 report. The stock's market capitalization is 38.90B. Jefferies maintained BlackRock, Inc.

Author: 0 GOP rep.: Sessions needs to reveal info on Trump-Comey meetings

Sessions , through a Justice Department spokesperson, requested his testimony be public so the American people could "hear the truth directly from him". But Comey said he didn't tell Sessions why he was so concerned. President Donald Trump smiles during a Cabinet meeting, Monday, June 12, 2017, in the Cabinet Room of the White House in Washington.

Author: 0 Stocks, dollar firm ahead of Fed decision

Even the increase that began in late 2016 had little to do with the Fed . It cited continued U.S. economic growth and job market strength as reasons for raising its benchmark interest rate. Federal Reserve officials said Wednesday they have agreed on details of a plan to shrink their $4.5 trillion balance sheet "this year". As a result of the stimulus programs that purchased securities from 2009 to 2014, the Fed is one of the biggest holders of US debt.

Markets UK Real Earnings Shrink, British Pound Falls Back
Author: 0 UK Real Earnings Shrink, British Pound Falls Back

Consumer inflation has been running above the central bank's 2 percent target for the last three months and is now at 2.7 percent year-on-year. Moreover, the previous figure was revised down to 1.8% from a previously reported 2.1%. Britain is already in the grip of the longest period of falling real pay in more than two centuries, according to the Resolution think-tank. All of that will make for some interesting discussions at the Bank of England's Monetary Policy Committee, which is ...

Markets Sensex Ends 52 Points Higher, PSU Banks Gain
Author: 0 Sensex Ends 52 Points Higher, PSU Banks Gain

Official data released during market hours showed that India's annual rate of inflation based on wholesale prices decelerated last month to 2.17 per cent from 3.85 per cent in April as food prices eased. The Sensex closed up 52.42 points at 31155.91, while the broader Nifty ended up 11.25 points at 9618.15. Foreign funds sold shares net Rs 312.40 crore while domestic investors bought Rs 304.58 crore yesterday, as per provisional figures.

Markets U.S. inflation falls in May on dip in gasoline prices
Author: 0 U.S. inflation falls in May on dip in gasoline prices

While vegetable prices in May fell by 13.44 percent as compared with a year ago, pulses recorded a sharper drop of 19.44 percent. "The expectation of a prominent rate cut would become more pronounced if inflation continues to remain benign for a longer time", it said in a note.

Markets Telstra reveals sweeping restructure as it prepares to cut 1400 jobs
Author: 0 Telstra reveals sweeping restructure as it prepares to cut 1400 jobs

ABC Radio News reports that the carrier will meet with the Communications Workers' Union today, and will inform staff of its plans ahead of making an announcement to the Australian Securities Exchange. Domestic and global enterprise marketing teams will also be combined to "streamline" how Telstra goes to market. Over the past six months, the telco has already slashed hundreds of jobs from a number of divisions.

Markets Monaco's Kylian Mbappe to 'sort through' transfer options over summer
Author: 0 Monaco's Kylian Mbappe to 'sort through' transfer options over summer

Reports have claimed that Jose Mourinho, keen on finding a more mobile Zlatan Ibrahimovic replacement, had lined up a world record offer of £113m to secure the 18-year-old's signature. Jose Mourinho has the striker on a list of targets that includes Real Madrid's Alvaro Morata, Andrea Belotti of Torino and Everton talisman Romelu Lukaku.