Reforms that followed the 2007 to 2009 crisis had strengthened the financial system without impeding economic growth, and future changes should be modest , Yellen said in prepared remarks. The weekly gains for equities snapped a two-week skid of declines for the Dow and S&P 500 and a four-week drop for the NASDAQ. US stocks got off to a strong start after President Donald Trump's chief economic adviser Gary Cohn said the White House would turn its attention to the long-awaited tax reform ...
However, in a bid to revive the economy gradually, the central bank under Urjit Patel's governance introduced new Rs 500 and Rs 2,000 notes within days of demonetisation. Earlier on August 25, RBI had released Rs 200 and new Rs 50 notes that will only be available in the banks. Long queues of peoples are gathered at the RBI offices to get Rs 200 note first time issued by central government.
Pipelines were closed, potentially stranding some crude in West Texas and starving New York Harbor of gasoline. Despite this, USA crude stocks fell last week and gasoline stocks were down as well, the Energy Information Administration said.
The impact could come in the form of higher gasoline prices. "Multiple refineries and drilling rigs had to be evacuated ahead of the storm, and the Houston Ship Channel was closed". The national average may rise 7 cents to 15 cents a gallon over the next weeks, said DeHaan, adding that the estimate may be "conservative". The good news for consumers is that the hurricane-driven price spikes don't tend to last for long.
Waving South Korea's national flag and the U.S. Stars and Stripes, the demonstrators shouted "Release innocent President Park Geun-hye" and called for the resignation of liberal President Moon Jae-in, who took power in May after winning a presidential by-election following Park's removal from office.
Regis Hotel to determine who would replace former CEO and cofounder Travis Kalanick , but it wasn't until this late Sunday that it had decided on Khosrowshahi and not Whitman, after Immelt conceded on Sunday morning that the job wasn't for him.
The stated topic of Yellen's speech Friday will be financial stability, which may provide a platform to address concerns that the Fed's ultra-low rates have fueled asset bubbles in the stock market . Not only this, but Mr Draghi also failed to make any comments about the strength of the euro, which was taken as a green light to push it higher, reaching its highest levels since January 2015 and just below 1.20 by Friday's close.
Meanwhile, the death toll in the violence has risen to 31 while the number of seriously injured stayed at around 250. Haryana Director General of Police (DGP) BS Sandhu informed that a cache of explosives was recovered from the state following the violent protests.
A math teacher from Burlington County is among the thousands of cruise ship passengers who were reportedly stuck at sea or other ports due to tropical storm Harvey . In what many are describing as true "Texan hospitality", a woman braved Hurricane Harvey to hand a six-pack of beer to a reporter covering the natural disaster.
Gulf of Mexico oil output levels rose slightly from Saturday, when roughly 25% of Gulf oil output was offline, Reuters reported. LONDON, Aug 25 (Reuters) - Oil prices rose on Friday as the US petroleum industry braced for Hurricane Harvey, which may become the biggest storm to hit the USA mainland in more than a decade.
Only one flight was canceled that was scheduled to leave Boston at 8:41 a.m., according to JetBlue. Tropical storm Harvey has produced catastrophic flooding across thousands of square kilometres of south and southeast Texas. Hobby Airport closer to downtown Houston would stay closed until Wednesday as historic rainfall drenching the fourth-largest US city continues. The airport system's website says Bush Intercontinental Airport is 23 miles north of downtown Houston and provides service ...
Palladium Partners Llc decreased Discover Finl Svcs Com (DFS) stake by 13.63% reported in 2016Q4 SEC filing. Eventide Asset Management Llc sold 20,600 shares as Kite Pharma Inc (KITE)'s stock rose 29.36%. Credit Agricole S A owns 404,467 shares for 0.07% of their portfolio. Moreover, Allen Invest Mgmt Ltd Liability has 0.04% invested in Marathon Oil Corporation (NYSE:MRO).
The rating was upgraded by UBS on Tuesday, August 2 to "Buy". The rating was upgraded by UBS to "Buy" on Wednesday, February 3. The stock of Artis Real Estate Investment Trust (TSE:AX.UN) has "Sector Perform" rating given on Monday, June 20 by National Bank Canada.
The Price to Sales (P/S) ratio of the stock is 3.36, while P/B (Price to Book) stands at 2.02. A total of 6.86 Million shares exchanged at hands and its Average Volume (3 months) is 7.01 Million. Its down 0.18, from 1.27 in 2016Q3. It is negative, as 98 investors sold CERN shares while 243 reduced holdings. 122 funds opened positions while 230 raised stakes.
Greg Abbott on Saturday expanded his disaster declaration to 20 additional counties, saying he would activate 1,800 military personnel to help with cleanup efforts. As of 2 pm ET, Harvey was 45 miles west-northwest of Victoria, Texas. Officials say the Category 4 Hurricane has left Texas reeling by "catastrophic" flooding and "widespread devastation".
Asian stocks traded tentatively on Friday as USA political turmoil continued to erode risk sentiment, but the dollar strengthened as attention shifted to the central bankers' symposium in Jackson Hole, Wyoming , that began on Thursday.
The United States on Tuesday imposed new North Korea-related sanctions, targeting Chinese and Russian firms and individuals for supporting Pyongyang's weapons programs, including a Namibia-based subsidiary of a Chinese company and a North Korean entity operating in Namibia.
Ford added "first China, then the world", as it recommitted to build 13 new EVs for various markets over the next five years. Ford Motor Company has announced the signing of a Memorandum of Understanding (MoU) with Anhui Zotye Automobile, a major manufacturer of zero-emission all-electric vehicles in China.
Amtrak , which operates Penn Station, said the repairs were needed to address long-term infrastructural neglect. The summer work focused on a critical sorting mechanism routing incoming and outgoing trains that enter and exit the station from the Hudson River tunnel and LIRR's West Side Yard to various station tracks and platforms, according to Amtrak.
Dollar Tree updated its Q3 guidance to $0.83-0.90 EPS and its FY18 guidance to $4.58-4.74 EPS. (NASDAQ: DLTR ) or 2,559 shares. Panagora Asset Management stated it has 34,690 shares. As per Wednesday, November 23, the company rating was maintained by Deutsche Bank. Bush Odonnell Investment Advsr has 0.31% invested in Dollar Tree, Inc .