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PM Vucic to be at Clinton Foundation event Hillary will miss

In an open letter Bill Clinton wrote last month , he acknowledged that changes were necessary for the foundation and offered broad strokes of what they might include. " Janet Yellen , Lael Brainard whom I know, several others, these are really smart people and they'll do what they think is right", Clinton said in an exclusive interview with CNBC from the Clinton Global Initiative's annual meeting in NY.

Business

Wentz long way from matching Big Ben's rookie season

Go ahead, admit. No one saw this coming. Of course, there's one key difference: experience. Despite two touchdown passes from Michael Vick that day, the Eagles lost to the Steelers, 16-14. The respect is definitely mutual. The two quarterbacks share an agent and other similarities. While Pittsburgh has enjoyed a lot of success over the years, one thing they haven't done in a long time is win in Philadelphia .

Business

Heavy Rains Make Life Miserable in Hyderabad

Revenue officials have made arrangements to provide drinking water and food packets to the affected people. As heavy rains inundated and further damaged the roads, there were traffic snarls in many key industrial, commercial and residential areas in nearly all parts of the city.

Business

Futures slip after three-day rally as oil dips

The BOJ had said on Wednesday it would seek to guide the 10-year JGB yield around zero per cent in an unprecedented move, but investors were left wondering exactly where and how the BOJ would be able to exert control on the bond yield. Brent crude, used to price global oils, rose 95 cents (£0.73), or 2.1%, to 46.83 dollars (£36.07) a barrel in London. Murphy Oil rose 4.3 percent, and Transocean rose 5.6 percent.

Business

Cincinnati Enquirer endorses Hillary Clinton for president

The latest NBC/ Wall Street Journal poll gives Clinton a 6 point lead, 43 per cent to Trump's 37 per cent, among likely voters. Libertarian candidate Gary Johnson has 10 percent while Green Party candidate Jill Stein has 4 percent. "Right now, we're the center of the political universe", said Hofstra student Nathan Leg. Clinton, in contrast, has spent most of this week with close aides at her Dutch colonial home in Chappaqua, a hamlet north of NY city.

Business

Asian stocks mostly steady as low rate outlook reassures

Dow member Boeing rose 1.0 percent following a World Trade Organization ruling that said the European Union had failed to end illegal subsidies for Airbus. It has been at that level since last December, when officials made a decision to raise the rate for the first time since the financial crisis. Although markets were closed in Japan for a holiday, Thursday's rally in bonds extended to Europe, where the yield on the 10-year German bond dropped to minus 0.093% from just above zero percent on ...

Business

What you need to know about 'state-sponsored' Yahoo cyberattack

Yahoo , which confirmed details of the breach months after reports of a major hack, said its investigation concluded that "certain user account information was stolen" and that the attack came from "what it believes is a state-sponsored actor".

Business

BT and Sky Broadband issue customer warnings regarding Yahoo hack

As far as Yahoo can ascertain, the attackers did not steal unprotected passwords, payment card or bank account information because this is information is stored on a separate system from the one that was compromised . Yahoo is working with law enforcement on the matter. The massive data breach comes only two months after Yahoo! What should I do on my Yahoo account? "If your primary email address is compromised, so much of you the rest of your digital life flows from that", said ...

Business

Wall Street extends Fed-fuelled rally; Nasdaq hits new high

Its shares rose by almost three percent after the opening, but were 1.8 percent lower in mid-morning trading, as the main index fell 1.08 percent. Aside from the potential for Monday's USA presidential debate having a big impact on the election, "there's really nothing on the horizon until earnings season, and the Fed has kind of cleared the way for accommodative policy and low interest rate environment which bodes well for stocks", said Alan Lancz, president of investment advisory firm Alan ...

Business

The Federal Reserve Keeps Interest Rates Near Record Lows

The Fed last raised interest rates in December 2015, its first increase in almost a decade. A reporter asked Yellen about comments from Republican presidential nominee Donald Trump suggesting that the Fed is keeping rates artificially low to support President Barack Obama through the end of his term.

Business

Dollar falls to lowest level in 10 days

The Energy Information Administration said oil inventories dropped by 6.2 million barrels and gasoline inventories decreased by 2.5 million barrels last week. "What s nice here is that the Fed didn t hike interest rates, yet they still have confidence in the economy", said Gregori Volokhine of Meeschaert Capital Markets.

Business

Dollar likely to grind lower as Fed cuts rate forecasts again

After hesitating or worrying that the Federal Reserve will raise interest rates, investors piled into high-dividend stocks following yet another Fed decision to stand pat on interest rates. The U.S. central bank noted U.S. economic activity had picked up and job gains were "solid" in recent months. A hawkish hold by the Fed would mean maintaining rates at current levels with the outlook of a hike in the coming months.

Business

Fed rate rise a no-go, stocks jump

The Nasdaq composite rose 53.83 points, or 1 percent, to a record 5,295.18. Phone companies, another group of high dividend payers, also climbed. Banks, whose profits suffer when interest rates remain low, fell. The United Kingdom faces a challenging period of uncertainty and adjustment although the financial stability has been maintained through a period of volatility, the Financial Policy Committee of the Bank of England said Thursday.

Business

Gold slips as equities rally on Fed decision

The dollar fell to its lowest in a week against a basket of major currencies as investors sold the greenback following the Fed's reduction of longer-term interest rate expectations. Gold has rallied 26 percent this year, aided by the low interest-rate environment in the US and negative rates in Japan and parts of Europe. The 10-year U.S.

Business

FDA Approves Controversial Muscular Dystrophy Drug

It is caused by an absence of dystrophin, a protein that helps keep muscle cells intact. Laura McLinn, an IN mother whose 7-year-old son has Duchenne muscular dystrophy , was IN tears Monday when she heard the news of the drugs approval.

Business

Dollar, yen weaker as markets weigh Fed, BoJ moves

The Dow Jones industrial average added 163.74 points, or 0.9 percent, to 18,293.70. "However, Investors should take this with a large pinch of salt - at the end of 2015 the Fed had been expecting four rate rises this year". While Yellen's statement may be the meant to point to a move by the end of the year, "we can't help but think leaving a three-month window simply leaves three months for something to go wrong and preclude a December rate hike", Moody said.

Business

Giants' Johnny Cueto to undergo MRI on groin Wednesday

Scully said of working a seasonal job at the post office, "We would spend all the time slotting and arguing about who was better, Duke Snider or Willie Mays". Scully, who began with the Dodgers in 1950, has said from the start this season that he's been uncomfortable with all the attention paid to him. "There was a lot of traffic tonight", added Roberts.

Business

Clinton to visit Charlotte on Sunday

Multiple officers can be heard telling Scott to drop the gun, as one yells either: " I'm about to get f***ing shot over here! " or "Can I get a f***ing baton over here?" Charlotte-Mecklenburg Police Chief Kerr Putney says there is footage from at least one police body camera and one dashboard camera.

Business

Fed-induced gold price rally building

Platinum was 0.4 percent higher at $1,056 an ounce. "We expect gold to be mostly range-bound for the next few weeks", said Ronald Leung, chief dealer at Lee Cheong Gold Dealers in Hong Kong. In conclusion, with the Federal Reserve interest rate hike “uncertainty” now out of the way, banker propaganda can no longer be used in the short-term to keep gold and silver prices weak, and the gold and silver bull should resume again in short time.

Business

Regulator says Wells Fargo case shows weakness

The CFPB said the bank imposed the goals on its staff because it "sought to distinguish itself in the marketplace as a leader in "cross-selling" banking products and services to its existing customers". Comptroller of the Currency Thomas Curry said in his testimony that "I want to make clear that the unsafe and unsound sales practices at the Bank , including the opening and manipulation of fee generating customer accounts without the customer's authorization, are completely unacceptable ...

Business

Police arrest 2 linked to suspect in officer's shooting

Brackeen was serving warrants against Fenner for kidnapping and armed robbery when he was shot, WNCN reported. Fenner will be arraigned on a fugitive from justice charge in the hospital when he is well enough, Philbin said, although the timing is uncertain.

Business

USA federal government halts Dakota oil pipeline

On Wednesday, Judge Boasberg had issued a temporary injunction to stop construction that bulldozed a 150 foot wide, two mile-long path to make way for the pipeline through land that the Standing Rock Sioux tribe holds sacred. On Thursday, North Dakota's archaeologist said that piece of private land was not previously surveyed by the state would be surveyed next week and that if artifacts are found, pipeline work still could cease.

Business

Wife of Keith Scott releases video of Charlotte shooting

It's unclear if they are checking him for weapons or attempting to give first aid. Don't shoot him. Don't shoot him. Officer: Drop the gun, drop the gun. "I'm not going to put out one piece of evidence that could further inflame, and not tell the full story", Putney said. He better be alive because - you better be alive.

Business

Clinton Wants To Move Past Email Scandal, But Voters Can't Seem To

Half of the registered voters backing Clinton said their vote was more for Clinton, while 44 per cent characterised it as more against Trump , Politico reported . "We must also use whatever lawful methods are available to obtain information from the apprehended suspect to get information before it's no longer timely", Mr Trump said.

Business

Wells Fargo: The Blame Game

Debit cards were issued and activated, as well as PINs created, without telling customers. Following criticisms that USA authorities had failed to hold bankers to account in the aftermath of the financial crisis, the Justice Department last September issued a policy requiring all civil and criminal cases begin and end with a focus on individual accountability.

Business

U.S. dollar falls after Fed decision

Trump has bashed the Fed for months for artificially propping up the economy. Japanese policy-makers say they do not have a specific level they have in mind as they try to talk the market out of pushing up the yen , but many traders see 100 to the dollar as authorities' line in the sand.

Business

U.S. demands $14 billion from Deutsche Bank

Deutsche Bank has been asked to pay $14bn (£11bn) to settle a USA probe into mortgage-linked financial products, the lender has said. While traders have very low expectations of an interest rate hike, investors will be keen for commentary on how the central bank views on the recent sluggish economic data.

Business

US proposes regulators have more say in self-driving car design

US regulator agency introduces self-driving auto guidelines to promote innovation and safety . Makers will also have to provide information how the technology been tested as well as the kinds of fail-safes that have been put in place. The newly released federal policy also delineates federal and state regulatory responsibilities for autonomous vehicles, and offers a framework for future state regulatory action.

Business

Photographer of Donald Trump Jr.'s Skittle Analogy Image Was a Refugee

For example, we all remember the blackout during the Super Bowl when Oreo jumped in and tweeted , " You Can Still Dunk in the Dark ". Another problem with Trump Jr.'s meme? The Skittles photo in Donald Trump Jr's controversial tweet was actually taken by a former refugee.

Business

In dramatic reversal, Cruz to vote for Trump

People selected for KnowledgePanel who didn't have access to the internet were provided access for free. Mr Trump has an impressive six-point lead in the Midwest state of Iowa , according to the latest poll average from Real Clear Politics.

Business

Dollar Libor falls after remarks by Fed's Brainard

However, the impact of Brainard's dovish remarks faded Tuesday as investors reassessed the timing of a next rate hike. Still, the dollar later received some support from buying to cover short positions, as shares resumed their ascent. The FT reported that 85 percent of those polled expect the central bank to refrain from a rate hike at a meeting next week. Its 10-year Japanese counterpart yielded minus 0.020 per cent, nudged away from a six-month peak of minus 0.010 per cent reached ...

Business

US stocks extend gains as Nasdaq rallies to record high

At 11:08 a.m. ET (1508 GMT), the Dow Jones Industrial Average .dji was up 124.2 points, or 0.68 percent, at 18,417.9. The S&P 500 rose 14 points, or 0.7 percent, to 2,177. AT&T rose 1.3% to $41.11. The data were not supportive of a rate hike... Efforts by the world's top central banks to bolster growth including low or negative rates and asset purchases are driving demand for bullion as a store of value.

Business

Obama slams Trump on black community remark

Obama tells Robin Roberts at D.C.'s National Museum of African American History and Culture that there are good and bad protests. The shooting of Keith Lamont Scott, a black man, has sparked protests in Charlotte and is the latest incident to fuel a national discussion about lethal police force, particularly against African-Americans.

Business

Municipal-bond week in review: Yields dip after Fed meeting

Fed Chair Janet Yellen said on Wednesday that US growth was looking stronger and rate increases would be needed to keep the economy from overheating and fuelling high inflation. Energy companies followed oil prices higher. USA benchmark 10-year Treasury notes rose 9/32 in price, yielding 1.637 percent, down 4 basis points from Wednesday.

Business

Dollar on track for weekly losses

However, the big news for gold this week was the US Federal Reserve's decision to stay put on interest rates . "By 2019, I expect the unemployment rate to have declined below 4.5 percent", Rosengren said Friday. Investors will also keep an eye on a number of Fed speakers who are scheduled to speak at different events for further clues regarding the timing of the next rate hike.


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