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Wall St set to open lower after three-day rally

On Wall Street, the Dow Jones industrial average climbed 98.76 points at 18,392.46, while the broader S&P 500 index added 14.06 points at 2,177.18. Meanwhile, Societe Generale said: "The outcome of the September FOMC meeting was in line with our expectations, as the Committee reintroduced the balance of risks statement, removed a rate hike this year and in 2017, and cut the longer-run nominal neutral funds rate".

Business

Neither Trump, Clinton exactly right about stop-and- frisk

The answer comes in several parts. During the first presidential debate Monday night, Donald Trump and Hillary Clinton sparred over the use of stop-and-frisk as a means to reduce murder rates in Chicago - and it didn't take long for the NYPD to chime in on social media either.

Business

Riven by rivalries, OPEC producers seem doomed to disagree in Algiers

Iranian Oil Minister Bijan Zanganeh said: "It is not the time for decision-making". "There are still some obstacles preventing an agreement", he said, giving no further details. Two previous attempts to reach a production deal fell apart after Saudi Arabia and Iran both declined to participate. Bloomberg has reported Saudi Arabia is willing to cut production provided Iran freezes its output at current levels.

Business

Senate blocks stopgap bill to fund government

The stalemate over Flint comes after the Senate version of WRDA passed earlier this month included $220 million to address water infrastructure improvements in Flint. The firm hired Heimov in March to urge Congress to consider legislation that would create a compensation fund for Flint victims. Twelve Republicans voted against it and Senate Majority Leader Mitch McConnell, R-Kentucky, also voted against it but only so that he'd keep the option open of bringing it up again.

Business

US Plans Legal Action Against Chinese Firm that Aided N.Ko

China has voiced its disapproval of US sanctions against a Chinese businesswoman and her trading company over alleged links to blacklisted North Korean firms, underscoring the discord over efforts to curtail Pyongyang's nuclear-weapons program.

Business

Oman ranked 7th in Arab world in Global Competitiveness Report

Switzerland was ahead of Singapore and the U.S.in the annual rankings of 138 countries, with Netherlands overtaking Germany to take the fourth spot. Defining competitiveness as a set of institutions, policies and factors that determine the level of productivity of a country, GCI scores are calculated by drawing together country-level data covering 12 categories-the pillars of competitiveness-that collectively make up a comprehensive picture of a country's competitiveness.

Business

Delaying interest rate hike risks sustainability of expansion, Fed's Rosengren says

Goldman Sachs said its United States economics team assigns a cumulative 65% probability to a rate hike by the 14 December FOMC meeting, which is roughly the same as implied by fed fund futures. The German Bunds yield also fell about 10 basis points to minus 0.093 percent from plus 0.005 percent on Wednesday. DOWNPAYMENT: Real estate companies rose more than the rest of the market, with the newly created real estate component of the S&P 500 up 1.7 percent.

Business

Peaceful Protests at Panthers-Vikings Game

Prior to their win on Sunday, the Vikings had one cupcake win over the, Tennessee Titans, who ranked 30th in our nERD rankings, and one signature win over the 9th-ranked Green Bay Packers. "I was sick, but I fight for my team", Griffen said. The police source said Monday that the U.S. Bureau of Alcohol, Tobacco, Firearms and Explosives told police investigators the gun had been stolen and later sold to Kevin Lamont Scott.

Business

Young Prince George shuns high-five from Canada's Trudeau

Sep 26, 2016- The Duke and Duchess of Cambridge are in Canada with their children, Prince George and Princess Charlotte , for a royal tour, five years after they first visited the country as newly-weds. At one point, a mom walked in late and apologized saying, "Sorry, we just had a little accident to clear up before meeting you ", according to The Telegraph .

Business

The trailer for Justin Timberlake's new concert movie looks brilliant

Justin Timberlake + the Tennessee Kids is a Playtone Production, with Rocco Caruso, H.H. Cooper, Rick Yorn, Johnny Wright and Michael Rapino sharing executive producer credits. Justin Timberlake is one of the best singers and songwriters working in the music industry today. It's directed by Jonathan Demme ( Silence of the Lambs ) and produced by Gary Goetzman.

Business

Dollar slips, Asian stocks boosted as Fed holds rates

It is "appropriate" to have one rate hike this year, Federal Reserve Chair Janet Yellen said Wednesday after the bank kept its benchmark interest rate unchanged. The Fed was expected to announce its policy decision. Some economists had pointed to the minutes of the Fed's July meeting and comments from officials since then to suggest that the central bank's "hawks" - those who think it should be acting faster to raise rates - are gathering adherents from the dove camp.

Business

Army Shoots Down Smith & Wesson Holding Corp (NASDAQ:SWHC) Handgun Replacement Bid

Analyst's mean target price for Wells Fargo & Company (NYSE:WFC) is $51.57 while analysts mean recommendation is 2.40. That seems like a contract that should have affected General Dynamics' stock price more than Smith & Wesson's. The Pentagon told Smith & Wesson and partner General Dynamics of its decision late Friday. Price Momentum: Despite the -7.37% drop in value, the stock's new closing price reflects a -18.15% fall in price from company's one year high of $31.19.

Business

Things Definitely Not Getting Better For Wells Fargo

In some cases Wells Fargo employees used bogus email accounts and PIN numbers to set up the accounts, according to the Consumer Financial Protection Bureau, which levied a $100 million penalty on the bank earlier this month. Well Fargo CEO John Stumpf told New Jersey Sen. They were also reportedly forced to work overtime hours without pay and harassed. Politicians, including Democratic presidential hopeful Bernie Sanders , also called on the US Department for Labour to investigate ...

Business

NASA finds more evidence of water on Jupiter's moon Europa

There are already some indications about the chemistry of that ocean and its life hosting capabilities, but acquiring valuable samples would be very hard because we'd have to drill through a lot of ice. In 10 separate frequencies spanning 15 months, the team observed Europa passing in front of Jupiter. And this is exactly what NASA's Hubble Space Telescope has spotted on Jupiter's moon Europa.

Business

New explosion in New Jersey as police discover 5 suspicious devices

Monday. The Elizabeth device was also found about the same time the FBI detained five people on the Belt Parkway near the Verrazano Bridge in New York as part of the investigation, according to CBS New York . Investigators did not comment on whether they thought the Elizabeth incident was connected to either of the two blasts. A bomb squad robot examined the suspicious object and determined that it was an explosive device.

Business

Debate: Trump did well, despite a big obstacle

And once the subject of the judge arose, Trump shifted his tone, framing himself as the candidate who has more support from police, touting his endorsement from the Fraternal Order of Police. Spinning for her candidate after the showdown, Palmieri said, 'I expected that he would hold it together. "Trump sounded like he was fighting off a cold with cocaine", Colbert said.

Business

3 contractors picked for Penn Station overhaul

A new concourse will connect Penn Station to the Moynihan Train Hall and state-of-the-art security will make it one of the most secure facilities in the country. Amtrak owns Penn Station. It is dirty, it is dingy, it is dark and ... the equivalent of the LaGuardia Airport, which has now become a national laughing stock.

Business

OPEC Could Take Months to Reach Oil Deal

At stake isn't just current oil output levels, but a mix of Middle East politics and domestic pride that have over decades made the allocation of individual ceilings for each member of the Organization of Petroleum Exporting Countries the most hard issue the group has to deal with.

Business

Chinese company accused of conspiring to evade North Korea sanctions

In recent months, North Korea has also conducted a series of ballistic missile launches and has in the past often stated its aim of hitting USA targets. The agencies are exploring another explanation: that Kim, the North Korean leader, is racing ahead, as the United States is distracted by a bruising presidential election, to develop a way for his growing arsenal of nuclear weapons to reach NY and Washington.

Business

Uber Gift Cards Launched In The U.S.

Within a few weeks, 35,000 Walmart , Target , and CVS retail locations in the USA should have Uber gift cards in stock and for sale. While Uber's gift card news isn't as exciting as self-driving cars , it is likely to reach a bigger customer base and further expand the company's reach beyond major urban centers.

Business

One memorable line by Hillary Clinton sums up Monday's debate

Millions of tweets went out as the presidential candidates went head-to-head at Hofstra University Monday night. Clinton started the debate by asking Trump, looking sober in a sharp black suit with a cobalt blue tie, "How are you, Donald" as the crowd cheered - in spite of being cautioned against doing so.

Business

Hillary Won the Debate! What Does That Mean for Hillary?

After that, Clinton stepped up her attacks and put Trump on his heels for the rest of the 90-minute event. During the debate , she acknowledged it was a mistake and allowed: "If I had to do it over again I would obviously do it differently".

Business

McDonald's testing Happy Meals for breakfast

McDonald's hasn't touched its Happy Meal in 30 years, but today that ends - at least in the Tulsa market, as the giant chain kicks off a All Day Breakfast Happy Meal pilot at 72 restaurants in the Oklahoma city. CEO Steve Easterbrook has said he's on a mission to convert the company into a "modern, progressive" burger chain. McDonald's could soon be adding a new item to its breakfast menu- a Happy Meal.

Business

Analyst Price Target Review: ENERGY TRANSFER PARTNERS (NYSE:ETP)

However, its previous closing price was seen at $37.80. Host Hotels and Resorts Inc (NYSE:HST) now has mean rating of 2.6 while 2 analyst have recommended the shares as "BUY", 4 commented as "OUTPERFORM" and 13 commented as "HOLD". Several institutional investors have recently bought and sold shares of the stock. Northwestern Mutual Wealth Management Co. raised its stake in Energy Transfer Partners L.P.by 15.6% in the second quarter.

Business

Oil's tumbling as expectations for any OPEC deal begin to sputter

Producers hope to freeze output, which analysts said will still not remove excess barrels. Similar efforts were scuttled in April after Saudi Arabia backed out because Iran wouldn't participate. "Our expectations are that there is no credible agreement, no credible outcome", said Norbert Ruecker, head of commodity research at Julius Baer Group Ltd.in Zurich.

Business

Vancouver faces greatest risk of sudden downward correction in home prices

Two years of strong price growth, mostly fuelled by an influx of Chinese buyers, have pushed Vancouver above London, which was last year's "top" city, as the place with the world's most unsustainable house prices. Valuations are also stretched, but to a lesser degree, in Zurich, Paris, Geneva, Tokyo and Frankfurt. "Even in the cities with the clearest signs of a real estate bubble, it is not possible to predict exactly the timing and duration of a correction".

Business

Giants to Odell Beckham: You need to control your emotions

That's exactly what happened. While they definitely sparred, the near-brawl that broke out when the two met last season never emerged. "[Beckham] needs to control his emotions better and become less of a distraction to himself and to his teammates", McAdoo said Monday on a conference call with reporters.

Business

Tesla Model S P85D Shortchanges on Horsepower, Owners in Norway Claim

The average numbers of shares are traded in a security per day, during the recent 3-month period. Tesla Motors, Inc .'s ( TSLA ) ended its day with a gain of 0.49% and finalized at the price of $207.45. Following the completion of the transaction, the insider is left with a stake of 11,492 shares, amounting $2384015. Insiders own 22% percent of the stock.

Business

Reports of plastic prompt recall of Tyson chicken nuggets

In April, Pilgrim's Pride Corp., the second-largest US chicken producer, recalled 4.57 million pounds of fully cooked chicken dishes that may have been contaminated with plastic, wood, rubber or metal. Check the freezer for recalled chicken nuggets. While all its products pass through a metal detector, plastic isn't detected by the technology. Tyson stated there have been no confirmed reports of adverse reactions due to consumption of these products.

Business

Wells Fargo workers: Fake accounts began years ago

Expert say the disclosure, which has caused Wells Fargo's stock to decline almost 10 percent, is one of the bank's most hard periods in years - and a big payout to Stumpf could make matters worse. However, these cross-selling targets were tied to incentives for lower-level employees of the bank. Is Wells Fargo the only bank to employ these sales tactics, or is it simply the only one that got caught? Wells Fargo also has the ability to claw back unvested shares from Tolstedt, according ...

Business

Uk oil & gas industry still competitive in need of capital investment

Previous year saw the first significant increase in United Kingdom crude output since 1999, with a 14% rise to 882,000 b/d, helped by an efficiency drive and past investment in big projects. Production continued to trend upwards during the first half of 2016, climbing 5.7 percent compared to first half of 2015. However this year only one new development project has been given the go-ahead: the Arundel oil field in the BP-operated Andrew Area.

Business

Disney looking at possible Twitter bid

Twitter now has a market value of $16bn, following suggestions that Salesforce and Google are also interesting in aquiring the business. So this makes it five companies interested in the bid. It would be the highest-ever acquisition by the very acquisitive Salesforce . Rumors about a possible sale leaked previous year. Disney certainly has the finances and the appetite to absorb Twitter .

Business

Selena Gomez Has Secretly Checked Into Christian-Based Rehab

Infact this is really impressive considering the "Kill em with kindness" singer has not been active on social media for over 5 weeks. "The cure rehab has a track based on Christianity, which can be interesting, given his religious experience.", Said the source.

Business

Stocks slide as Deutsche Bank's woes drag down bank stocks

In the middle of an effort to pay a fine in settlement of an allegation from nearly a decade ago to keep investors at bay, Deutsche Bank shares have now dropped to its lowest yet losing nearly 7.5% to 10.55 following Monday's close. The index is down by around 7 per cent since the start of 2016. The Federal Reserve also gave a failing grade to its U.S. subsidiary in stress tests.

Business

Lenovo plans to move more of Motorola's operations to China

Lenovo has been trying to properly integrate Motorola ever since the acquisition, but it still has a way to go before settling things down. However, it is said to impact two percent of the overall workforce, which is 55,000 employees globally.


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