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Stocks jump as Fed soothes nerves; bond prices up

The two best performing parts of the S&P 500 this year are utilities and telecoms, up 18 percent and 15 percent, respectively. In that same time frame, the S&P 500 has fallen 1 percent. December Comex gold futures last traded at $1,331.60 an ounce, up more than 1% on the day, slightly up from where prices were trading ahead of the statement .

Business

USA gives Israel biggest-ever military aid package

Israeli Prime Minister Benjamin Netanyahu on Wednesday (Sept 14) thanked the United States' President and Congress for what he called an "historic" military aid package . The agreement concludes many months of negotiations that involved a delicate calculation by Israel about whether to strike a deal with the outgoing USA president.

Business

Leftist Corbyn re-elected as leader of Britain's Labour Party

Mr Smith congratulated the Labour leader on his "clear win", but said the result showed the party "remains divided". Your current subscription does not provide access to this content. Republican presidential candidate. "It's generating a lot of excitement, especially among the young". "He is nothing other than a complete and utter disaster for the Labour Party", McTernan said.

Business

Analyst's Overview of Stock: Cabot Oil & Gas Corporation (NYSE:COG)

The stock tapped a 52-week high of US$64.08 while the 12-month Consensus Price Target is US$65.04. The share price of Cabot Oil & Gas Corporation (NYSE:COG) was up +1.31% during the last trading session, with a day high of 25.79. (NYSE:CBT) last posted its quarterly earnings data on Wednesday, July 27th. Earnings Roundup: In the last fiscal quarter alone, Cabot Oil & Gas Corporation generated almost $246.82M in sales and net income of -$0.07/share.

Business

Gold heads for best week since July as Fed fears fade

United States gold futures slipped 0.4 per cent to $1,339 an ounce. Gold is highly exposed to interest rates, particularly in the United States, as higher rates lift the opportunity cost of holding non-yielding assets and boost the dollar, in which gold is priced.

Business

Senators Grill Wells Fargo CEO Over Sales Practices

Senate Banking Committee Ranking Member Sherrod Brown (D-Ohio) was critical of the bank's reaction to the controversy , however, stating that while Stumpf claimed accountability, the bank's actions did not indicate such. Wells Fargo CEO John Stumpf on Tuesday faced almost three hours of grilling during a Senate Banking Committee hearing on the bank's allegedly illegal sales practices.

Business

Gold extends advance as Fed breathes life into demand

This means the Fed has raised rates only once - by a mere 0.25 percentage points last December - over the past decade. The newly created real estate component of the S&P 500 climbed 1.9 percent, far more than any other sector. The Committee continues to closely monitor inflation indicators and global economic and financial developments. The FOMC reiterated that borrowing costs will probably rise at an "only gradual" pace.

Business

Google, Salesforce and Verizon in the frame for Twitter acquisition

Citing unnamed sources, CNBC reported Friday that Twitter has received "expressions of interest" from several tech companies and was "engaged in conversations with potential suitors". As of the end of the second quarter, the company has an accumulated loss of almost $2.3 billion since its inception. "I simply love Twitter ", he said.

Business

Video Shows Maryland Police Pepper-Spraying 15-Year-Old Girl

Officers in Hagerstown responding to a call about a bicyclist hitting the side of a vehicle before finding the unidentified 15-year-old and taking her into custody. Police said the girl had caused the accident, and has been charged with assault, two counts of second-degree disorderly conduct, failure to obey a traffic device and marijuana possession.

Business

US Fed maintains interest rates

There's also evidence that threats to USA growth from global instability have eased. In December 2015, the Fed raised the federal funds rate for the first time since the 2008 financial crisis, after leaving it near zero for years to stimulate the economy.

Business

Yahoo Says Hacker Stole Data of 500M Users

Yahoo on Thursday said user information including names, email addresses, phone numbers, birth dates and encrypted passwords were compromised in late 2014. Bruce Schneier, reacting to this recent attack on Yahoo , said, "This is the biggest data breach ever". It appeared that looted Yahoo data did not include unprotected passwords or information associated with payments or bank accounts, the Silicon Valley company said.

Business

Data from 500 million Yahoo user accounts stolen

The data does not include unprotected passwords, payment card data, or bank account information. While news of a hack might worry users over compromised photos, leaked information and such stuff, the fact remained, however, that the average person was among millions, say some commentators.

Business

Clinton postpones Charlotte visit at mayor's urging

The Democratic presidential candidate plans to travel to the city on Sunday ahead of her first debate with Donald Trump. "We appreciate that they are concerned about Charlotte", Jennifer Roberts told CNN's Erin Burnett on "OutFront". Hillary is grateful for, and intends to honor, the invitation from faith leaders to visit with the Charlotte community. Clinton wrote on Twitter that authorities in Charlotte should release the police video of the Keith Lamont Scott shooting "without delay".

Business

Asian stocks rise after Fed leaves U.S. rates unchanged

The 10-year yield on the AP Municipal Bond Index was 1.863 percent as of 5 p.m. 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. Brent crude, used to price global oils, rose 33 cents to $47.16 in London. On Friday, yields gained some ground after Boston Fed President Eric Rosengren said he had wanted to raise interest rates this week to help prolong the economic expansion, explaining why he ...

Business

Gold Extends Advance as Fed Decision Breathes Life Into Demand

The Dow Jones Industrial Average climbed 115 points, or 0.6%, to 18409 and the S&P 500 advanced 0.5%. Commodities were mostly higher, with the November crude oil contract gaining 98 cents at US$46.32 per barrel, December gold contracts increasing by US$13.30 at US$1,344.70 per ounce and the December contract for copper up four cents to $2.19 a pound.

Business

Elizabeth Warren slams bank CEO: 'You should resign'

Over the next three hours, however, Stumpf was raked over the coals by senators on both sides of the aisle. Stumpf reiterated that "managers and managers of managers" were fired , and for the first time said at least one "area president" was also terminated.

Business

Obama says Trump knows less than 8-year-olds about black history

He also said the people most badly hurt by violent demonstrations like the ones in Charlotte were "law-abiding African-Americans who live in these areas where there is so much crime". Trump has also proposed enlisting local law enforcement agencies to fulfill his promise to deport millions of people who entered the country illegally, largely from Latin America and Asia.

Business

Obama To Cut Ribbon On Black History Museum

The museum's story, he surmised, needs to be told now more than ever. Behind him, the 400,000 square-foot museum stood as a testament to that notion. Anyone heading toward the museum this weekend should be prepared for large crowds and heightened security. After a decades-long push, ground was broken for the new museum in 2012 on a five-acre tract near the Washington Monument.

Business

Google to Buy Twitter?

The company, "which reached $6 billion in annual revenue faster than any other enterprise software company", offers customer service software, market research tools, email marketing systems and other products and several of them already use social media.

Business

New Wave Of Air Strikes On Aleppo As Damascus Prepares Offensive

A Syrian military official said Friday that airstrikes and shelling in Aleppo would continue for an extended period and the operation would expand into a ground invasion of rebel-held districts. Over 60 airstrikes were launched against the city in less than 24 hours, according to an activist cited by CNN, who said that 50 people, including children, are trapped beneath the rubble in Aleppo .

Business

Dolphins face another backup QB against Browns

To no one's surprise, Miami Dolphins running back Arian Foster is once again on the injury report, lasting just five quarters in the 2016 season before pulling up lame on Sunday with a groin injury. Going back to the kickers for one final point, one former college kicker is lobbying for the job on Twitter already. Parker had eight receptions for 106 yards last week at New England in his season debut and sparked the passing game by stretching the field.

Business

Twitter Explores a Sale: Likely Buyers Include Google and Microsoft

Twitter is one of those ubiquitous tech platforms everyone is familiar with, but in spite of its huge amount of users, hasn't really landed on a way to make money. It has previously offered shallow attempts to create influence within social media, with Google Buzz failing before successor Google + also struggled to rival platforms like Facebook .

Business

Aguero back with a bang for City

It is an ongoing relationship, we just keep getting better . "Of course in the box I can not help him, he's going to help us a lot in the box, he's magnificent. Speculation continues to rage about Guidolin's future, but he straight-batted post-match questions. "When I take a decision it is always because I am thinking what is the best for Manchester City ".

Business

Stocks hold gains ahead of Fed rate decision

The agency said its policy committee had concluded "the case for an increase in the federal funds rate has strengthened but decided, for the time being, to wait for further evidence of continued progress toward its objectives". The dissents from those wanting a hike this week suggested to some economists that pressure was building. The pound gained ground against the dollar on Thursday (22 September) following the US Federal Reserve's decision to keep interest rates unchanged and upbeat ...

Business

Trocheck scores in North America's 4-3 win over Sweden

A win for Russian Federation in the preliminary round finale against Finland today would seal a date with the Canadians. "Maybe we shouldn't have celly'd that hard". "Always when you step on the ice, you want to win the game, but obviously mission accomplished", coach Rickard Gronborg said. Following the 4-3 loss to Russia, North America , now in a desperate spot, gave the injury report to TSN's Bob McKenzie as " day-to-day ", making it sound like a return was imminent.

Business

Scare as Samsung Note 2 phone catches fire on Singapore-Chennai flight

Samsung has been having issues with the Samsung Galaxy Note 7 lately with its battery exploding. According to a spokesperson of the Directorate General of Civil Aviation (DGCA), an advisory will be issued to all airlines to caution passengers who are travelling with any type of Samsung Note device in aircraft.

Business

Oil up 2% after third surprise weekly USA crude draw

Brent for November settlement rose as much as 69 cents, or 1.5 percent, to $46.57 a barrel on the London-based ICE Futures Europe exchange. Some market participants were puzzled by the USA crude draw when imports as a whole rose and refinery runs fell.

Business

Bill: Sure, Foundation donors expected favors from State Dept… Obviously

Former U.S. President Bill Clinton holds his hand to his chest to acknowledge applause as he makes departing remarks on the final day of the Clinton Global Initiative in NY. Bill Clinton is best positioned to take up that defense. Over the last several months, members of the Foundation's senior leadership, Chelsea, and I have evaluated how the Foundation should operate if Hillary is elected.

Business

John Lewis hails new Museum of African American History and Culture

This museum, Obama says, provides "context for the debates of our time". Bush signed the law authorizing construction of the museum in 2003. Clinton is the Democratic nominee for president. Board of Education decision in 1955 that struck down segregated schools. Each layer of its exterior corona is wider at the top than at the bottom, opening toward the sky, its filigreed panels allowing light to pass through its external walls.

Business

Shares rally, dollar sags on slow-motion Fed

Dudley, and five members. "It provided a bit of a lift to gold as well as well as other assets, but certainly we are going to be more or less on hold until we see the Fed statement later", analyst Tom Kendall at ICBC Standard Bank in London said .

Business

NY corruption case touches ex-Cuomo aides, university heads

In exchange, Howe and Alain Kaloyeros, president of the SUNY Polytechnic Institute, allegedly rigged the bidding on hundreds of millions of dollars in contracts awarded as part of the Buffalo Billion initiative to revitalize western NY. Kaloyeros, who Cuomo said was suspended without pay Thursday, was released from custody on $300,000 bail. EXECUTIVES CHARGED Barry Bohrer, Percoco's lawyer, called the prosecution "an overreach of classic proportions".

Business

Obama opens new black museum on National Mall

Civil rights legends like Rep. John Lewis, D-Ga., and Jesse Jackson attended, along with representatives of a new generation of activists, including DeRay Mckesson of the Black Lives Matter movement. Obama tweeted from his presidential Twitter account Saturday morning that he was "Proud to help open @NMAAHC with so many heroes". "A clear-eyed view of history can make us uncomfortable, but it is precisely because of this discomfort that we grow", Obama said.

Business

Manhattan explosion suspect identified "may be armed and dangerous"

Earlier on Monday an Afghanistan-born American suspected of detonating the bomb in Chelsea and of planting other devices in NY and New Jersey was arrested following a gun battle with police. He was wanted for questioning in connection with the blasts in NY and New Jersey, and the backpack containing explosives in Elizabeth. The pressure cooker later was found by state police troopers after a similar device exploded nearby, injuring 29 people.

Business

Fed holds rates but edges closer to December hike

FOMC also reduced its expectations both for economic growth and inflation this year, though the statement said "the labor market has continued to strengthen and growth of economic activity has picked up from the modest pace seen in the first half of this year".

Business

Asian Stocks March Higher After Fed Decision

Freeport-McMoRan, the mining giant, jumped 44 cents, or 4.2 percent, to $10.98. Fed policymakers chose to keep the federal funds rate in a range between one-quarter and one-half percent. Analysts expressed doubt, though, that the Bank of Japan's new target would change the mindset of shoppers and businesses long used to a stagnant economy and flat or declining prices.


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