Money

Mobile, Sprint in Talks About a Merger

Mobile, Sprint in Talks About a Merger Sprint stock skyrocketed on the news. The Obama administration was more reserved regarding big business mergers, but with the Trump administration's business background and pro-job message, it could be more lenient regarding the merger. "Opponents are going to argue why are we helping a German company and a Japanese company do better by laying off thousands of Americans". T-Mobile was up as well. [Full Article...]

Wal-Mart tests direct-to-fridge; Amazon ups restaurant game

Wal-Mart tests direct-to-fridge; Amazon ups restaurant game After the driver is inside the home, the customer would be alerted through the August Home application. People who want their groceries delivered straight into the fridge, you're in luck-Walmart is testing a system that will send delivery drivers through your locked door and all the way into your kitchen. [Full Article...]

International Trade Commission finds injury in solar industry dispute

International Trade Commission finds injury in solar industry dispute The bankrupt Georgia-based solar company Suniva joined forces with Oregon-based SolarWorld to petition the U.S. International Trade Commission for relief earlier this year, saying that the U.S. President Donald Trump will make a final decision on relief. They cited a study showing that a global tariff could cause solar installations to drop by more than 50 percent in two years, a crushing bl... [Full Article...]

IPhone OS makes it harder to switch off Bluetooth and Wi-Fi

IPhone OS makes it harder to switch off Bluetooth and Wi-Fi What's odd is, there was already a way to do this. The camera app of iPhone users those using iOS 11 will let the users scan the QR code. And, yes, if you record a Snapchat video with this feature it does notify your Snapchat friend that you've taken a screenshot. [Full Article...]

Yellen mum on whether she'll lead the Fed again

The policymaking Federal Open Market Committee (FOMC) agreed to keep its benchmark rate target at 1%-1.25%, forecasting at least one more hike this year. A sequence of unexpected natural disasters, inconsequential inflation and deep-rooted personnel changes at the Fed itself are the main factors favouring a more cautious assessment. [Full Article...]

Pilots fear Ryanair may be preparing to take back leave

Pilots fear Ryanair may be preparing to take back leave About 500 of Ryanair's 4,200 pilots are due to take four weeks of leave in a single block in October, he said, so may be asked to defer one week of that leave until after January 1. The Irish Air Line Pilots' Association said 140 Ryanair pilots left for Norwegian Air in recent months. Mr O'Leary said that to help ensure no further cancellations after the six-week period, 500 pilots with a four-w... [Full Article...]

Oil prices narrowly higher as producers meet on output pact

Oil prices narrowly higher as producers meet on output pact He added, "I don't think it's a sure thing they extend the deal at this meeting anyway", in reference to attention paid of late to the prospect that the cartel will extend its oil reduction initiative beyond the expiry date of March 2018. The Energy Information Administration (EIA) on Wednesday reported that U.S. crude production rose to 9.51 million bpd in the week ended Sept.15 from 8.78 milli... [Full Article...]

Bill Gates wishes ctrl-alt-del was one button

Bill Gates wishes ctrl-alt-del was one button Back then he said, "We could have had a single button ". So you know clearly the people involved they should have put another key on in order to make that work. If this combination has different jobs, it is mainly used to perform a restart of the system. This is not the first time Gates has expressed some frustration with the function. [Full Article...]

Abe, Trump to speed up arrangements for Nov Japan visit

Abe, Trump to speed up arrangements for Nov Japan visit During a press briefing Thursday afternoon, Secretary of the Treasury Steve Mnuchin unveiled new sanctions aimed at restricting North Korea and its developing nuclear program. North Korea fired a missile over Japan earlier this month and tested a hydrogen bomb, prompting Trump to insist that "all options were on the table " in an implied threat of pre-emptive military action. [Full Article...]

Haley: Trump's Iran deal criticism is not a clear sign he'll withdraw

US National Security Adviser HR McMaster said North Korean leader Kim Jong-un is "going to have to give up his nuclear weapons because the president has said he's not going to tolerate this regime threatening the United States and our citizens with a nuclear weapon". [Full Article...]

CVS Health moves to limit access to opioid analgesics

CVS Health moves to limit access to opioid analgesics The program, which follows guidelines set by the Centers for Disease Control and Prevention, will limit the supply of opioids dispensed for certain acute prescriptions to seven days. CVS manages medications for almost 90M people, or ~28% of the US population, through its Caremark unit and runs 9,700 retail pharmacies nationwide. [Full Article...]

Rite Aid gets clearance to sell stores, distribution centers to Walgreens

Rite Aid gets clearance to sell stores, distribution centers to Walgreens Walgreens Boots Alliance (NASDAQ:WBA) previously disclosed its periodic earnings reports on Early Thur, Jun 29th. The firm had revenue of $30.12 billion for the quarter, compared to analyst estimates of $29.72 billion. Stock buyback programs are typically an indication that the company's leadership believes its shares are undervalued. Among 16 analysts covering Kimberly-Clark ( NYSE:KMB ), 1 ha... [Full Article...]

AUD USD Exchange Rate Fluctuates as Markets Await Fed Policy Meeting

AUD USD Exchange Rate Fluctuates as Markets Await Fed Policy Meeting Moreover, markets will also be looking for any hints regarding the bank's next interest rate increase, with about 60 percent of market participants hoping for a hike by December. A weaker dollar was supporting prices slightly Tuesday by making gold , a dollar-denominated metal, cheaper for foreign buyers. Hong Kong's Hang Seng index added 0.4 percent. [Full Article...]

Daimler to invest $1 bln in Alabama plant, create over 600 jobs

Daimler to invest $1 bln in Alabama plant, create over 600 jobs It's unclear how much inspiration for the first EQ SUV will come from this concept, but I'm hoping the answer is "plenty". Daimler, based in Stuttgart, Germany, is among the global automakers investing in what they hope will be the automotive technology of the future, combining low-emissions electric propulsion with autonomous driving technology and new forms of getting around such as sharing ca... [Full Article...]

The Fed "Unwinding" Is Upon Us, Worrying Some Market Observers

The Fed For the year 2018, the median target is 2.125 percent, unchanged from the last meeting, implying three rate hikes of 25 bps each. The central bank added that it will begin selling some of the bonds it owns. "This sentiment was due to persistently low inflation and the negative impact of Hurricanes Harvey and Irma on economic growth". With both sides tugging in opposite directions, there hasn't b... [Full Article...]

'World's strongest' Death Wish Coffee recalls products over fatal botulism risk

'World's strongest' Death Wish Coffee recalls products over fatal botulism risk The company came to the conclusion after reviewing its packaging process with the outside company Process Authority and finding that the low acid foods commercialized in reduced oxygen packaging could lead to the growth of the unsafe toxin. [Full Article...]

US Federal Reserve holds interest rates steady

The U.S. dollar notched solid overnight gains against both the pound and the euro as traders priced in faster-than-expected increases in the Fed Funds rate, which now sits in the range of 1% to 1.25%. The Fed has telegraphed its move for months, and investors are thought to be prepared for it. Good morning, and welcome to our rolling coverage of the world economy, the financial markets, the eur... [Full Article...]

Jim Allister: Any border will be at European Union insistence

Jim Allister: Any border will be at European Union insistence He added that no hard border will be allowed but what should happen between North and South is a solution the British need to craft for a problem they created. Invited to address its plenary May politely refused, a move taken as a snub - especially in the light of her speech in Florence tomorrow. She said: "At least he'd had the manners to come and to talk to people about the implications which ... [Full Article...]

U.S. stocks close higher ahead as Fed meeting starts

U.S. stocks close higher ahead as Fed meeting starts The Fed will also release new economic forecasts, and could also talk about the impact which the hurricane season will have on USA growth. Inflation has been stubbornly low for years, suggesting the Fed should hold off. The yield on the 10-year Treasury note rose to 2.28 percent. "I really haven't had to give further thought at this point to this question", she told House lawmakers in July... [Full Article...]

Stocks retreat from records ahead of Fed policy update

Banks, insurers and other financial companies led the gainers. In the latest corporate deal news, shares of Calgon Carbon skyrocketed, up 62 percent as of 3.09pm in NY, after the company said it agreed to be acquired by Japan's Kuraray for US$1.1 billion. [Full Article...]


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