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US Fed keeps key rate unchanged but hints of coming hike

France's CAC 40 rose 2 percent to 4,498 and Germany's DAX added 1.9 percent to 10,636. The greenback later pared some losses and was last trading at 100.25 yen, down 0.1 percent on the day. The Bank of Japan is expected to make negative interest rates the centrepiece of a new policy framework - widely seen as a desperate attempt to show it still has the means to fight chronic stagnation.

Business

'Third parties' not at fault for ASX failure

It then halted trading in the afternoon before canceling it for the rest of the day. The Australian Securities Exchange opened without any incident on Tuesday (Sept 20) after Australia's corporate watchdog said it will examine the technology glitch, which heavily disrupted the previous trading session.

Business

National black history museum could spur interest locally

On Chicago's South Side, it will be viewed during a free watch party Saturday at the 55-year-old DuSable Museum of African American History, one of the oldest museums of its kind. A separate section examines the Civil Rights Movement, the Black Power era of the 1960s and 1970s and other activism remembering many activists, including Lewis and Dr.

Business

Yahoo hack is a reminder: nothing is safe

At that time, Yahoo reported that "a third-party database compromise" resulted in the theft of user information. TECH GIANT YAHOO has confirmed that half a billion accounts have been hacked leaving hundreds of millions vulnerable to malicious online criminals.

Business

Stocks gain moderately as investors focus on high-dividend sectors

The Fed said in a statement ending its latest policy meeting Wednesday that the US job market has continued to strengthen and economic activity has picked up. It also reduced its longer-run interest rate forecast to 2.9% from 3%. The number of people who applied for first-time United States unemployment-insurance benefits fell by 8,000 to 252,000 in the week that ended September 17, marking 81 weeks that initial claims remained below the key 300,000 level, the longest streak since 1970.

Business

EU's Schulz: UK government was unprepared for Brexit vote

But he suggested he is not leaving Britain with much more of an idea of what Brexit will look like. "Now more than ever, we need to show the British people that as politicians we are listening to what they have to say", he said in the video message.

Business

Wall Street rallies after Fed leaves interest rate unchanged

Despite repeated warnings from luminaries such as Gundlach and Gross that the 30-year bull market in bonds may have finally gone too far, yields on benchmark Treasuries are still less than 0.4 percentage point from their all-time low in July.

Business

Trump Hotels Settle With NY Attorney General Over Data Loss

A forensic investigation confirmed the existence of credit card targeting malware at multiple Trump hotels in New York , Las Vegas and Chicago. An attacker allegedly infiltrated the hotel chain's payment processing system in May 2014 before deploying the malware across the computer network and credit card system.

Business

Judicial Watch Statement on New Clinton Email Court Developments

That's because a "substantial number" of the recovered documents are duplicates or near-duplicates, a Justice Department attorney representing the State Department said in court. "I think we all need to bear in mind the State Department has other duties beyond FOIA requests", said Judge Boasberg. The State Department says it has identified roughly 15,000 email messages to or from Mrs.

Business

Clinton Did An Interview With Zach Galifianakis And It's Actually Hilarious

You are reading news and information on LongIsland.com, Long Island's Most Popular Website , Since 1996. Galifianakis also poses ridiculous sexist questions like "what happens if you get pregnant?" Would we then endure nine months of Tim Kaine? Clinton warned, "I'd be afraid to eat those, if I were you".

Business

Boeing Gets US Green Light to Sell Aircraft to Iran

In recent months, members of the US House of Representatives have sought to block the deal by preventing the Office of Foreign Assets Control from authorizing the licenses necessary to complete the sale to Iran. Boeing announced later in the day that it had also been given approval by the Treasury Department. The approvals from the US Treasury Department allow both aerospace giants to proceed with sales worth billions of dollars into a country that had been entirely off limits prior to ...

Business

Bombing suspect charged with using weapon of mass destruction

Rahami was arrested Monday after a shootout with police in Linden, N.J. He is being held on $5.2-million bail, and faces state charges of attempted murder of police officers. Rahami's wife, Asia Bibi Rahami, and his mother reportedly left the USA days before the attacks were carried out, raising additional questions about the bombings.

Business

Hackers steal personal data from 500m Yahoo accounts

He noted that while Yahoo said that it believes the hack was state-sponsored, the company provided no details regarding what makes them think that is the case. The company have said that all affected users are going to be notified about the theft and advised how to protect themselves, but seeing as this hack is a couple of years old now, it seems a little too late.

Business

Government's key witness takes stand in lane-closing case

David Wildstein "was protected by Chris Christie, correct?" said defense attorney Michael Critchley. The balance of power between NY and New Jersey with regard to the Port Authority has been repeatedly brought up by the defense. "He was hated by hundreds, thousands of people at the Port Authority", Foye added. Foye's chief of staff, John Ma, also testified on Thursday, describing a call he had on the fourth day of the traffic jams with John Cichowski, a Bergen Record reporter who called ...

Business

Fed leaves rates unchanged, signals 2016 hike still likely

Three officials voted against the decision - the biggest dissent since December 2014. FED TO FOLLOW: Investors doubt the Fed will raise interest rates when it wraps up its policy meeting on Wednesday, but are watching closely for hints about future moves.

Business

Crude Oil Recovers Above $43

During a visit to Algiers at the weekend, OPEC Secretary General Mohammed Barkindo said an extraordinary meeting could happen if there is consensus. He has previously said discussions in Algiers will be consultations and no major decisions will be made during talks with OPEC and non-OPEC producers.

Business

NYC Bomb Explosion: It Was Terrorism

An official told Fox News on Sunday that the bombs in New Jersey and NY were "from the same person" and the devices in both explosions included mobile phones. The bomb detonated on Saturday in NY, and another device found nearby, were both shrapnel-filled pressure cookers - similar to the bombs used at the 2013 Boston marathon, reports say.

Business

Zach Galifianakis And Hillary Clinton Get Weird On 'Between Two Ferns'

What's the best way to reach you? Clinton warned, "I'd be afraid to eat those, if I were you". The friendship between Chelsea Clinton and Ivanka Trump: "Chelsea and Ivanka are friends , does she ever call Chelsea to talk about boys that like her, like her dad?" To wrap up the interview, the comedian slips in a cheeky joke at the expense of Clinton's widely publicised email scandal, saying: "Well this has been a lot of fun, Mrs Clinton".

Business

Yellen says economy still has room to grow

Municipal bond yields dipped following the Federal Reserve's policy meeting on Wednesday, recovering slightly by the end of the week. The Fed left short-term interest rates unchanged at the conclusion of its policy meeting on Wednesday and despite the dissent of three members, who voted in favor of raising rates , the Federal Open Markets Committee largely reduced the number of rate hikes they foresee in 2017 and 2018.

Business

Ted Baker Plc (LON:TED) Receives Buy Rating From Goldman Sachs Analysts

Jefferies Group reduced their price target on Dunelm Group plc from GBX 845 ($11.03) to GBX 700 ($9.14) and set a "hold" rating on the stock in a research report on Tuesday, July 5th. With the last stock price close down -2.91% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range.

Business

Wells Fargo CEO severely criticized by Sen. Elizabeth Warren

Stumpf said that at the time of Tolstedt's departure, the bank had decided it was "going in a different direction" with her unit. "No, cross selling is all about pumping up Wells's stock price, isn't it?" Since at least 2011, bank employees have opened approximately 1.5 million bank accounts and 565,000 credit card accounts without customer authorization.

Business

Bomb suspect worked as unarmed security guard

U.S. authorities were investigating whether Ahmad Khan Rahami , the naturalised American citizen captured on Monday in New Jersey after a shootout with police, had accomplices in the bombings or if he was radicalised during trips to Afghanistan and Pakistan.

Business

U.S., Canada aboriginal tribes form alliance to stop oil pipelines

They plan to join together to prohibit and challenge the use of their lands for the expanded production of Alberta's oilsands, including distribution of crude via pipelines, trains or tankers. The show of unity comes as a separate protest movement against the four-state Dakota Access Pipeline in the USA has galvanized tribes. "This is a time of great spiritual awakening for our peoples as we reinvigorate our Nations and ensure a better tomorrow for all".

Business

Tesla: Autopilot fix 'could have prevented crash'

Teslas are not equipped with laser sensors and previously only used radar as a "supplementary" system to back up what its optical cameras could pick up visually. But not all drivers heed this warning. There's also a new setting that forces a driver to park and restart their vehicle if they ignore three warnings within an hour to keep their hands on the wheel.

Business

Tons of support for autistic boy who wrote he had no friends

Cornelius wrote in his post that Christopher is a smart kid with a wonderful sense of humor who sometimes flaps his arms and makes loud guttural sounds, and sometimes asks the same questions over and over again. "I don't mean to imply that parents that don't have this conversation with their kids are bad people, but only that somewhere in between working, soccer practice, and homework, it never occurred to them to have this particular conversation".

Business

The Magnificent Seven, Not So Magnificent At All? Reviews Are In

Before you go getting your hide chapped that Hollywood remade "The Magnificent Seven ", remember one thing: " The Magnificent Seven " itself was a remake. After her husband is shot by Bartholomew Bogue (Peter Sarsgaard) when trying to stand up for what they believe in, she decides to look for someone who will avenge Matt's death and might also help them take back their city.

Business

Divided Fed holds rates steady --> Divided Fed holds rates steady

The policy-makers also forecast inflation will almost reach their target next year before achieving two per cent in 2018 and 2019. And while the Philippines central bank held its benchmark rate steady on Thursday, it is an odd man out in the region.

Business

Twitter's stock rockets after report that a buyout is close

Year to date, the stock is down more than 16%, while in the last year, it is down more than 33%. Earnings Roundup: In the last fiscal quarter alone, Twitter, Inc . The stock's price moved up its 200-day moving average of $9.46. Now, the FactSet Research estimate calls for Q3 2016 earnings of US$0.09. The social networking company reported $0.13 earnings per share for the quarter, beating the consensus estimate of $0.10 by $0.03.

Business

SE Asia stocks higher as Fed keeps interest rates steady

Yes, the Fed's decision was widely expected by economists and markets. The dollar hit a one-month low below ¥101 in Tokyo trading on Friday, losing ground after the U.S. She expects a rate hike in December "barring significant deterioration" in the data or big external shocks. Other Fed officials, including Vice Chairman Stanley Fischer, made similar observations, seemingly part of a collective signal that a September rate hike was probable if not definite.

Business

Sky customers urged to reset their passwords after Yahoo hack

The breach included swathes of personal information, including names and emails, as well as "unencrypted security questions and answers". In the meantime, it said users should follow the actions outlined in an extensive guidance by Yahoo .

Business

Stocks climb as Fed calms investors; bond prices up

For now, bulls can take heart. Emerging markets have certainly appreciated the reaction, however one has to feel for the Bank of Japan (BoJ) who moved away from a quantitative policy (ie. The OECD has downgraded USA economic growth predicted as 1.4% by 0.4% for 2016 and down 0.1% to 2.1% for next year. At its recently-concluded meeting, the US Federal Open Market Committee (FOMC) made a decision to keep its key interest rate unchanged although it have clear signals it was ready to bring ...

Business

Senators want probe into Wells Fargo employment

He reached out to Wells Fargo's human resources in September 2013, but was terminated barely a week later. The House of Representative's Financial Services Committee opened an investigation into the bank's alleged misconduct as well as "the role of Washington regulators in monitoring and investigating" the alleged misconduct.

Business

Cauvery Water Management Board ideal for dispute resolution, says Central Water Commission

Both the states have not agreed to the amount water being released. The decision to defy the SC order is likely to invite trouble in the form of contempt proceedings against the state government. "The government is committed to protect the interest of the state, its people and its farmers". After the meeting, Gowda said, "We have explained the ground situation".

Business

FDA Grants Accelerated Approval To Sarepta' Drug For Duchenne Muscular Dystrophy

Duchenne is the most common form of muscular dystrophy. The U.S. National Institutes of Health provides more information on Duchenne muscular dystrophy. It's the first FDA approval for the degenerative condition, which causes muscle weakness, loss of movement and eventually death. The drug's most common side effects include balance disorder and vomiting.

Business

How the Dow Jones industrial average fared on Friday

The central bank is widely expected to hold on to current rates even in its November meeting which falls close to the U.S. Presidential elections. Markets now forecast a December rate hike is the most likely next contender. S&P 500 e-minis ESc1 were down 3.75 points, or 0.17 percent, with 97,617 contracts traded. The Nasdaq also lost 0.6%, while the Dow Jones industrial average slid 0.7% Preliminary data showed volume on the NYSE and Nasdaq coming in slightly lower than Thursday's levels.


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