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Americans got raise last year for first time since 2007

Median household income in the United States in 2015 was $56,516, an increase in real terms of 5.2 percent from the 2014 median income of $53,718. "The poor and the typical full-time worker and family remain worse off today than they were at the end of the Bill Clinton administration", he said in a statement ahead of the Census Bureau's release of data.

Business

Nissan Reveals 2017 X-Trail

UPDATE: Nissan Australia's General Manager of Corporate Communications has confirmed that the Rogue update "is indicative of what can be expected in Australia in the future", however the extent of the update for Australia, including timing and specifications is to be confirmed.

Business

Fed's Kashkari sees little urgency on rate hike

Kashkari also said low USA inflation and a recent jobs report that suggests the economy continues to "muddle along" means there is little urgency to raise interest rates. and now they're practically getting zero interest on the money". "I don't think Janet Yellen is making her decisions based on trying to help Obama or Clinton.

Business

Minnesota Vikings not ready to name QB starter against Green Bay Packers

Osweiler threw for 231 yards and two touchdowns in his debut with Houston to lead the Texans and their revamped offense to a win over the Chicago Bears . There will be a time when Capers calls on Peppers for more help, but the performances of Perry, Jones and Matthews made it such that his pass rush wasn't desperately missed.

Business

Miss Arkansas nabs crown and title at Miss America pageant

Miss Kentucky Laura Katherine Jones was the victor of "America's Choice", an online competition where viewers were given the opportunity to vote for their favorite Miss America contestant entirely on social media. Miss Arkansa Savvy Shields reacts after being named new the Miss America 2017 on Sunday. The Fayetteville, Arkansas, native will return to the University of Arkansas as a senior art major and business minor.

Business

Portuguese president sends condolences following deadly train crash in Spain

The regional government's president, Alberto Núñez Feijóo, said at the scene that the train's Portuguese engineer and Spanish ticket collector were among the dead, as well as two passengers. "It was full of black smoke ..." Like several others, Ramon Gonzalez, a man interviewed by Spanish television who works in the station cafeteria near the accident, pointed out that the tracks were in a straight line.

Business

World stocks advance after worries over Fed rate hike ease

Had she signaled a change of heart, it might have convinced investors that a hike was coming next week, especially after another dove, Boston Fed chief Eric Rosengren, said on Friday that there's case for higher rates. Prior to the rally in U.S. bonds, other markets have seen further increases in yields, with Germany's 10-year rate up 3 bps to 0.035%, its highest close since the Brexit vote and Japan's 10-year rate continues to rise towards positive territory, closing at minus 0.01%.

Business

As News About 'Deplorables' and Pneumonia Raged, Trump Blasted Janet Yellen

Kashkari also said low US inflation and a recent jobs report that suggests the economy continues to "muddle along" means there is little urgency to raise interest rates. With the Federal Reserve powerless to do much more than it already is, the best route to faster US economic growth is through non-monetary policy approaches such as immigration and tax reform, a top Fed official argued on Monday.

Business

Trending: Apple fails to impress with iPhone 7

Along the way, they seemingly won't mind Apple has made a decision to eliminate the headphone jack in favor of an adapter and wireless technology. It also notes that not calling the new wireless earbuds "Air Buds" is a huge missed opportunity.

Business

United States federal government halts Dakota oil pipeline

But by Friday, Boasberg ruled the Standing Rock Sioux tribe had not presented enough evidence that the Dakota Access Pipeline would cause irreparable harm to the tribe that the Court could prevent, and thus denied the tribe's request to halt construction on the pipeline.

Business

Wells Fargo cutting sales goal in wake of hefty fine

The bank, which has fired more than 5,3000 employees involved in the fraud scheme over the past five years, has said it deeply regrets what happened and is seeking to fix damaged relationships. Under the terms of a settlement, Wells Fargo will pay $185 million in fines, including penalties imposed by the U.S. Office of the Comptroller of the Currency and the City and County of Los Angeles, according to a statement last week from the consumer bureau.

Business

Bridgepoint Education (BPI) Stock Slides, Ordered to Pay CFPB Settlement

Bridgepoint now enrolls about 49,159 students, according to its latest annual report, the Journal noted. The company noted that the CFPB did not take issue with the interest rates on in-house loans, which were either zero or comparable to the rates on federal student loans that start out around 4 percent.

Business

Students scramble after ITT Technical Institute closes campuses

Department of Education issued sanctions August 25, including a ban on enrolling new students who rely on federal financial aid . ITT Technical Institute blames the government for the closure. The closures are also affecting thousands of employees. "We have staff and faculty prepared to advise students on registration, enrollment and course curriculum", said Dr.

Business

Fed Voting Member Brainard Cools Rate Hike Estimates

USA stocks racked up their strongest gain in two months on Monday after Federal Reserve Board Governor Lael Brainard stuck to her dovish stance on interest rates and urged caution about removing monetary stimulus too quickly. The German 10-year bund yield (Germany:DE10Y-DE) hit a session high of 0.058 percent, its highest level since June 23. US Treasures briefly rose on Brainard's comments, then fell, pushing yields on the benchmark 10-year note one basis point higher to 1.68 percent at ...

Business

Asia stocks gain, dollar sags on Fed governor's dovish comments

Hong Kong's Hang Seng index gained 0.8 percent to 23,482.47 while Australia's S&P/ASX 200 was up 0.1 percent to 5,222.00. "All the talk about a possible rate hike in September turned out to be noise". Yields had been rising as bond prices fell in the face of perceived limits to monetary policies of major central banks such as the European Central Bank and the Bank of Japan.

Business

US stocks inch higher as investors seek safe picks

USA stocks racked up their strongest gain in two months on Monday, with the Dow rising 1.3 percent .dji and the S&P 500 .spx gaining 1.5 percent. She basically suggested that there should not be an interest rate increase for the next few quarters at least until inflation levels are at the desired level of 2% and she doesn't expect that for a few more quarters, which puts us into the middle of 2017.

Business

HC Stocks in Hub= Zoetis Inc (NYSE:ZTS), Celgene Corporation (CELG)

Its CFO Berman Michael B sold 189,474 company shares for $5523000.17, in a transaction on 2016-08-19. And roundups of analyst notes show that 11 are rating the stock a buy while 10 rate CELG a strong buy. The disclosure for this sale can be found here. Hedge funds and other institutional investors have recently modified their holdings of the stock. Following the completion of the transaction, the insider now owns 1,122,201 shares in the company, valued at $112,399,652.16.

Business

Beating for the FTSE 100 as Hillary Clinton health fears spook markets

Meanwhile, the pound struggled to make gains, trading 0.12% lower at 1.325 against the USA dollar, and 0.19% at 1.18 against the euro. By midday the FTSE 100 index was down 100.61 points or 1.5% after the US Democratic presidential candidate was diagnosed with pneumonia .

Business

Markets Right Now: Stocks turn higher on Wall Street

US futures pointed to a 0.5% opening loss for the S&P 500 , which notched its largest gain on Monday since early July. The Nasdaq is up 204.48 points, or 4.1 percent. . Investors are now looking ahead to a speech by leading dove Lael Brainard at 1815 BST. The latter being regarded as very favorable to an accommodative policy, markets may raise all about going in the opposite direction of a rate hike.

Business

The odds of a September interest-rate hike are dropping

Fed board governor Lael Brainard told the Chicago Council on Global Affairs, that Federal Reserve should avoid removing support for the USA economy too quickly because of potential weakness in the labor market and risks of foreign economic downturns.

Business

U.S. rate rise now less likely

USA stocks plunged about 2.5 percent Friday, their biggest loss in two months, after Federal Reserve Bank of Boston President Eric Rosengren said there's a case to be made the us central bank should raise rates sooner rather than later.

Business

Highlights of Analysts Discussion: Chesapeake Energy Corporation (NYSE:CHK)

Investors looking further ahead, will note that the Price to next year's EPS is 9.58. The stock's market cap is $6.17 billion. Chesapeake Utilities Corporation has a 52-week low of 47.24 and a 52-week high of 67.88. Company insiders own 1.10% of the company's stock. TIAA CREF Investment Management LLC boosted its position in Chesapeake Energy Corp.by 37.5% in the first quarter.

Business

Telcos war: Idea agrees to open more interconnect points for Reliance Jio

With data prices falling to ultra-low levels, the company estimates an immediate five-fold increase of data usage by the end of the year on devices running its operating system. "Unless controlled, this induced traffic asymmetry is expected to exacerbate the loss in the coming months", Idea said in the statement requesting the Telecom Regulatory Authority of India (Trai) to intervene and control such traffic.

Business

Hillary Clinton to Address San Francisco Fundraiser by Teleconference

In fact, she may try to woo them by sharing her reasoning that the ideology professed by Trump, which they are following, is regressive and self-destructive. Many will now feel that Clinton has handed Trump the November election on a plate. It will require the sort of spin that may have been common on TV's The West Wing , but rarely happens in real life, to see Clinton emerge from this fiasco unscathed.

Business

Hanjin Shipping gets $44.6M from former, current chiefs

Hanjin Group has come under fire for worldwide cargo disruptions caused after the world's seventh-largest container shipping firm filed for court protection in South Korea. The customers are seeking "a partner that's stable" and they are coming to Maersk because it is "financially strong", said Sejling. Maersk Line is part of Copenhagen-based conglomerate AP Moeller-Maersk, which also owns ports, drilling rigs and oil fields.

Business

BA faces huge compensation bill following IT glitch

In response, BA said on Twitter that it apologised "to our customers for the delay and we appreciate their patience as our IT teams work to resolve this issue". Passengers were said to be boarding flights with boarding card written out by hand. British Airways has blamed "computer" problems for its inability to check in passengers worldwide.

Business

European shares rise to end three-day losing streak

That was seen as a sign the Fed will refrain from raising rates at a policy-setting meeting next week. Citing the weakening of emerging markets and China's corrective policies over the past year, Brainard said the case for tightening monetary policy preemptively had become less compelling.

Business

Asian stocks advance after worries over Federal rate hike ease

In a speech earlier Monday, Dennis Lockhart, president of the Fed's regional bank in Atlanta, said he still held the view he expressed last month at a Fed gathering at Jackson Hole, Wyoming, that economic conditions justified consideration of a rate hike in September.

Business

Ambarella Earnings Not Enough for Investors

Out of the 31 analysts polled by TipRanks, 30 rate Broadcom stock a Buy, while 1 rates the stock a Hold. The stock has its 200-day moving average of $48.86 and $62.34 as its 50-day moving average. Shares of Ambarella slumped in after-hours trades, falling by as much as 0.91% to $71.13 following tonight's earnings release. 4,698,977 shares of the stock traded, up from ann avg.

Business

Afghans mark Eid with prayers for peace

God, after testing Abraham's devotion, switched the object of sacrifice to a sheep instead of his son. But glamorous selfies aren't all that Eid is about: Many Muslim Americans will attend religious services and family feasts, as well as exchange gifts and make charitable donations.

Business

Robert Griffin III placed on injured reserve after Jalen Mills hit

With Griffin now out for an extended period of time, the Browns will turn to veteran backup Josh McCown . This past Sunday's contest was Griffin's first as a member of the Browns after spending four years with the Washington Redskins. Griffin has not been designated for return, but can be at any time. Should the 37-year-old journeyman implode, the Browns also have former USC star Cody Kessler as an in-house option to possibly throw into the mix.

Business

Hillary Clinton denies passing out at 9/11 ceremony

When she attempted to continue speaking after drinking some water, she quipped: "Every time I think about Trump I get allergic". Hillary Clinton defended herself Monday over her campaign's lateness announcing her pneumonia diagnosis, saying she's "already met a high standard of transparency" while looking forward to returning to the campaign trail.

Business

Bordering on Chaos: $14 Billion in Cargo Stranded at Sea

Hanjin's possible bankruptcy is causing alarm in US retailers who are anticipating to fill their shelves with shipments of Asian-made merchandise for the holiday shopping season. The Northwest Seaport Alliance - the ports of Seattle and Tacoma - so far has not confirmed that Scarlet will land here. A USA federal judge on Tuesday agreed to grant Hanjin short-term protection from its creditors, temporarily allowing the embattled shipping company to dock at US ports without immediate fear ...

Business

House price rise slows down, but no crash post-referendum

This is £17,000 higher than the index's back-calculated July 2015 figure of £200,000 before and £1,000 more than in June, the month in which Britain voted to leave the European Union referendum. The East of England recorded the strongest annual growth, with prices increasing by 13.2% in the year to July 2016. We expect this to continue in the short term until there's greater certainty around the economic impact of Brexit.

Business

Sporting Lisbon want Ronaldo to emulate Nani

The Real Madrid academy product departed the Bernabeu to join Paris Saint-Germain last month, having failed to nail down a regular first-team berth in the Spanish capital. "From this clash we will take good things forward". "He will play a great game against us and we will of course have to try to limit him". De Carvalho said that it was a mistake for Sporting to sell Ronaldo when they did and recalls the time of Ronaldo's breakthrough in August 2003.


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