Economy

NZ Dollar Retreats As Asian Stock Markets Traded Lower

NZ Dollar Retreats As Asian Stock Markets Traded Lower New economic projections released after the Fed's two-day policy meeting showed 11 of 16 officials see the "appropriate" level for the federal funds rate, the central bank's benchmark interest rate, to be in a range between 1.25 percent and 1.50 percent by the end of 2017, or 0.25 percentage points above the current level. [Full Article...]

KB Home CEO's bonus slashed after Kathy Griffin debacle

KB Home CEO's bonus slashed after Kathy Griffin debacle Reports claim that Jeffery Mezger was dismissive of the initial noise complaints from Kathy Griffin and her boyfriend. "Mr. Mezger's recent behavior in his personal dealings with a neighbor is unacceptable and a negative reflection on KB Home ", the directors wrote in a filing . [Full Article...]

Freeze or lock? How you can safeguard your personal information

You can still open legitimate new accounts during a fraud alert as long as you can provide suitable proof of your identity. Experts are recommending you freeze your credit now. Even if you yourself want to get a mortgage or an auto loan, you have to call and get it lifted, which takes around three business days. In the wake of the news that the credit-reporting firm Equifax had been hacked, ... [Full Article...]

US Dollar Index and Treasury Yields Are Stable

US Dollar Index and Treasury Yields Are Stable Presidential economic adviser Gary Cohn, a prior favorite for Fed chair, appears to be on the outs with the president after criticizing the administration's response to violence from white supremacists in August in Charlottesville, Virginia. [Full Article...]

'Death Wish' cold brew coffee can really kill you

'Death Wish' cold brew coffee can really kill you While it's kind of tasteless to joke about risky health risks, this one is too ironic to pass up: Death Wish Coffee is recalling its Nitro Cold Brew cans after a lab found traces of a potentially deadly toxin in the coffee. Death Wish coffee contains almost twice the recommended daily coffee intake for a person, Live Science reported. A cup of Death Wish coffee would equal to about 472 milligr... [Full Article...]

Google Added $399 Android One Moto x4 to its Lineup

Google Added $399 Android One Moto x4 to its Lineup Recently, Motorola confirmed that it will be launching its Moto X4 smartphone in India on October 3. On top of that, it will be available via Project Fi , the first non-Google handset in the lineup. The gadget is controlled by The Moto E4 Plus is fuelled by a 1.3Ghz 64-bit quad-center processor combined with 2GB of RAM and 32GB interior stockpiling that is expandable up to 128GB with a ... [Full Article...]

W&T Offshore, Inc. (NYSE:WTI)

W&T Offshore, Inc. (NYSE:WTI) The most optimistic analyst sees the stock reaching $3 while the most conventional predicts the target price at $1.1. Novavax, Inc. (NASDAQ:NVAX) traded at an unexpectedly low on Wednesday, posting a 0.88% after which it closed the day' session at $1.15. [Full Article...]

The Fed Holds Steady. Will Inflation Do the Same?

The Fed Holds Steady. Will Inflation Do the Same? WALL STREET: Major U.S. benchmarks finished mostly higher. Many analysts expect the Fed to announce plans to unwind its $4.5 trillion balance sheet at the conclusion of its meeting on Wednesday. The market increased the odds of a December rate hike to over 60%. Kingfishers shares have underperformed for most of this year, slipping by more than 10 percent, so the recovery will be welcome. [Full Article...]

Daimler AG Investing $1 Billion In Alabama Plant

Daimler AG Investing $1 Billion In Alabama Plant Prior to today's announcement, the company has only confirmed electric vehicle production at three of its German assembly plants. Mercedes claims this new plant will add approximately 600 jobs in the region. "With this $1 billion investment, we are significantly growing our manufacturing footprint here in Alabama, while sending a clear message to our customers across the USA and around the world: ... [Full Article...]

The Fed boosts its outlook for the USA economy, cuts inflation expectations

The Fed boosts its outlook for the USA economy, cuts inflation expectations During the press conference, Yellen said the Fed would continue to unwind the balance sheet and would use interest rates to counter potential slowdown/shocks in the near future. " [.] However, structural issues - namely still high global debt, an ageing global population and rising inequality - should help to keep a lid on yields and so support bond prices". [Full Article...]

Focusing the Lens on SPDR Bloomberg Barclays Aggregate Bond ETF (BNDS) Shares

ADX is charted as a line with values ranging from 0 to 100. Traders may be checking this reading to see if a bearish move is in store. Taking a peek at some Moving Averages, the 200-day is at 10.89, the 50-day is 10.84, and the 7-day is sitting at 10.90. [Full Article...]

Fed Stands Pat On Rates, Will Reduce Balance Sheet In October

It's unclear who Trump would pick to replace Yellen. In such circumstances ING sees odds favouring a more cautious assessment and a slowing-down of the previous tightening cycle. After its first rate increase in 2015, however, the central bank didn't again hike its short term rate for a year, thanks to economic weakness in the U.S. [Full Article...]

Bill Gates Revealed 3-Key Regret 4 Years Ago - Ctrl-Alt-Del

Bill Gates Revealed 3-Key Regret 4 Years Ago - Ctrl-Alt-Del So, clearly the people involved, they should have put another key on it to make that work. He went on to observe that "A lot of machines nowadays do have that as a more obvious function". Bill Gates poses with Windows 3.0, the 1990 operating system that introduced "control-alt-delete" to Windows. Microsoft ArchiveBill Gates, the Microsoft co-founder and the world's richest man, is not usually ... [Full Article...]

Fiat Chrysler recalls 50000 Pacificas for seat belt issue

Fiat Chrysler recalls 50000 Pacificas for seat belt issue According to the FCA, a warning light may be activated in the vehicle if the water pump function is compromised. The problem affects 2013-2017 model year Ram 2500 and 3500 pickups as well as 3500, 4500 and 5500 chassis cabs. The automaker says it's not aware of any injuries pertaining to the issue and says customers will be alerted when the service is made available. The water pump could overhea... [Full Article...]

Steve Forbes Says Republican Tax Cut Hinges on 'Instinct of Self Preservation'

Steve Forbes Says Republican Tax Cut Hinges on 'Instinct of Self Preservation' Trump, who has been courting Democratic votes for tax changes, told reporters Wednesday that he doesn't expect the wealthiest Americans to benefit from the legislation. On August 30, President Donald Trump touted tax reform as his key to unlocking economic growth and job opportunities - and put the onus on Congress to overhaul the USA system. [Full Article...]

L'Oreal heiress and world's richest woman Liliane Bettencourt dies at 94

L'Oreal heiress and world's richest woman Liliane Bettencourt dies at 94 There were even accusations financial manager Patrice de Maistre convinced her to make cash donations to former president Nicolas Sarkozy during his 2007 presidential campaign. The statement issued by her family states she "died in peace". She was born Liliane Schueller to L'Oreal founder Eugene Schueller and Louise Madeleine Berthe in Paris in 1922. [Full Article...]

Greenpeace diesel protesters 'remain on port's gantry'

Greenpeace diesel protesters 'remain on port's gantry' They climbed on board and were hanging from the ship's 27m-high unloading door, pledging to remain until Volkswagen "takes its toxic cars back to Germany". 'So we're stepping in and seizing all of VW's diesel cars to stop them harming people's health and the environment. A VW spokesman said around 1,200 cars were on the ship including diesel, petrol and hybrid models. [Full Article...]

No interim bail for Unitech promoters

No interim bail for Unitech promoters The top court is hearing various project-related matters involving Unitech. A Bench comprising Chief Justice Dipak Misra and Justices Amitava Roy and A. Chandra, who was earlier arrested by the Central Bureau of Investigation (CBI) in the 2G case, and his brother Ajay were arrested in April this year after Unitech home buyers accused the builder of not completing the project and non-payment of t... [Full Article...]

BOJ on Tap, but Investors Still Focused on Fed

It is widely expected from the Federal Reserve's sixth meet of this year that it may announce paring its $4.2 trillion balance sheet , with the reductions likely to start this year. At 0722 GMT on Thursday, gold was trading $1303.20. The kiwi dollar was at 73.07 U.S. cents at 5pm versus 73.13 United States cents at 8am in Wellington and 72.78 cents late yesterday. [Full Article...]

Johnson & Johnson (NYSE:JNJ) 52 Week low stands at 109.32

Johnson & Johnson (NYSE:JNJ) 52 Week low stands at 109.32 Following trading activity for Johnson & Johnson (NYSE: JNJ ), we can see that the stock has moved onto today's list of most actives. It has outperformed by 16.61% the S&P500. As per Wednesday, October 7, the company rating was maintained by RBC Capital Markets. Deutsche Bank upgraded the shares of JNJ in report on Tuesday, September 29 to "Buy" rating. [Full Article...]


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