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Fed's Evans says low interest rates likely here for "some time"

Two states eastward, in Ohio, Cleveland Fed President Loretta Mester in contrast said it was a mistake to think "this time is completely different", and discard the standard practice of raising rates well before inflation rises. That sparked a back and forth that eventually led Garret to question: "If [Fed officials] are having direct negotiations with either political party to ask for a job next year while they're a sitting governor, is that a conflict or not?" Yellen said in earlier ...

Business

Big League Trouble: Trump Faces New Questions About His Charity Finances

Over the weekend, Donald Trump was asked whether he's "confident that the Trump Foundation has followed all charitable rules and laws". Trump responded , "Well, I hope so, I mean, my lawyers do it". "There are IRS rules which specifically state that when a foundation has an item, an individual can store those items on behalf of the foundation in order to help it with storage costs", said Boris Epshteyn in an interview with MSNBC.

Business

Saudi Arabia may still fight back against 9/11 lawsuit bill

House Minority Leader Nancy Pelosi, typically one of the White House's strongest allies, voted to override the President's veto and told reporters she was never pressed by the President to help prevent it from being overturned. Other lawmakers acknowledged that they didn't pay much attention to the bill. White House spokesman Josh Earnest mocked lawmakers for shifting "within minutes" from overwhelmingly voting to override the veto to wanting to change the law.

Business

Brees looks forward to return to San Diego

Drew Brees is looking forward to returning to San Diego when his New Orleans Saints face the Chargers . The Saints' running backs have 51 carries compared to Brees' 140 pass attempts, although to be fair New Orleans has often being trying to play catch-up.

Business

Land Rover reveals all-new Discovery

The scale model of Tower Bridge, supported two Land Rover Discoveries to drive across and, once the fully articulated bascules were lifted, a Land Rover Discovery drove underneath pulling a LEGO replica of the Land Rover BAR team racing boat.

Business

South Australia blackout: storms set to move to NSW

More than 70,000 homes remained without power at 9am on Thursday, September 29 following the storms . "There are a series of back-up generators", Premier Weatherill said . On Thursday, the emergency authorities warned people to leave work early, stay at home and stay safe, as conditions were expected to worsen. The ACT government has dismissed attacks on the renewable energy sector, after a massive power outage in South Australia, as reckless knee-jerk reactions lacking evidence.

Business

Deutsche CEO: "Our Bank Has Become Subject to Speculation"

The investors were reacting to a $14-billion (12.4 billion euro) fine demand from the US Department of Justice (DoJ) and conflicting reports in German media over whether Berlin would come to the troubled bank's aid if necessary, which have sapped the bank's market valuation since Monday.

Business

Wells Fargo scandal may affect more than 60000 Carolinas accounts

Other lawmakers suggested Wells Fargo and other big banks were too big to manage and should be broken up. Stumpf's second trip to Capitol Hill on Thursday went no better than his first as lawmakers from both parties rebuked his handling of sales abuses and said the bank had damaged customer trust as well as the broader banking system.

Business

Europe's banks reel at $14bn Deutsche fine

Banks' alleged misconducts related to the MBS dates back to the financial crisis of 2008-09, when the German lender allegedly misled investors through inadequate underwriting and issuance of MBS over the 2005-2007 period. In 2014, Bank of America settled their probe with almost $17 billion. The Justice Department is seeking a $14 billion civil settlement with Deutsche Bank over the German financial institution's alleged role in artificially propping up the US housing market in the lead up ...

Business

Panda cubs make public debut in China

Luckily, the little one seemed okay after taking the tumble and was put back into position on the presentation box by keepers at the research base. Although he is quickly rescued by a helper, his blushes were caught on camera in a video that's gone viral across the world.

Business

Economy grew 0.5% in July, continuing rebound

Market expectations were for a 0.3% advance, according to economists at Royal Bank of Canada. June's growth was unrevised at 0.6%. The latest monthly report was being closely watched to "see if the weak second-quarter print was a one off or whether it is part of a persistent story", said Brian DePratto, economist at TD Bank.

Business

New Tesla software to prevent hot auto deaths

Moving on to the next important update, your Tesla will now support an always-on max temperature setting that will prevent overheating. "It's not autopilot for me, it's more helping me drive". Drivers can keep their hands off the wheel for minutes at a time, depending on road conditions. The father of a man killed while driving a Tesla vehicle in China filed a lawsuit against the USA carmaker in Beijing, calling for an investigation into whether there was a fault with the Autopilot system ...

Business

Clouds stick around through much of the weekend, showers possible

Sunday high pressure takes charge, bringing settled and dry conditions with some nice spells of sunshine. The weekend will be a wet on with passing showers for much of Saturday with high temperatures again in the mid 60s. Near 54 for an overnight low. Saturday... Mostly sunny early, and reaching to around 81 for a high. There will be very few opportunities for spraying with wind and showers forecast, however Saturday and the start of Sunday might see some short spraying opportunities.

Business

Fed's Yellen says holding one banking rule, capital surcharge, in place

Yellen discusses communication in monetary policy at the Society of American Business Editors and Writers 50th Anniversary Conference in Washington , D.C. Yellen noted that Brainard is allowed to donate to political campaigns under the Hatch Act, which details the political independence of the Fed. Not everyone in the room shared Trump's and Garrett's belief that Yellen and her colleagues are politically motivated, however.

Business

H&M Profit Hurt by Hot Weather and Markdowns

The retailer said the autumn trading season got off to a tough start because exceptionally hot September weather in the United Kingdom and other European countries put people off buying warmer clothing and led to increased discounting. The Swedish firm has long seen its margins under pressure as a strong USA dollar has kept purchasing costs high and it has had to make large investments in e-commerce technology and new concepts to keep pace with new consumer patterns and new competition, while ...

Business

Gary Johnson Can't Name a Single Foreign Leader

Matthews asked Johnson , who appeared to be having an out of body experience. Johnson sighed as his running mate, Bill Weld, chimed in to rescue him by saying, "Mine was Shimon Peres", referring to the former Israeli president who recently passed away.

Business

Ferrellgas Partners, L.P. (NYSE:FGP) Quarterly EPS Review

Ferrellgas Partners LP got Downgrade on 28-Sep-16 where investment firm JP Morgan Downgrade the stock from Neutral to Underweight. Citigroup gave shares of Ferrellgas Partners a price target of 11 indicating a potential decrease of -9.38% from Ferrellgas Partners's current price of 12.14.

Business

Investigators seek answers after fatal Hoboken train crash

Most of those who were injured were in the first vehicle or standing on the platform; passengers in the other cars were better able to escape, according to WABC. The investigation will focus in part on speed and why the train didn't stop well before the bumper block, a device meant to halt trains that pass their stops.

Business

America needs an adult in the White House: Michelle Obama

Media outlets that support Trump, like Alex Jones' InfoWars , Rush Limbaugh, and The Daily Caller , went dirtier , saying Machado became a porn star ( Snopes says she did not ). Time stamp on his 1st of four: 3:20 a.m. Clinton's blowout debate performance brought Democrats home, achieving her intended goal of motivating the Democratic base.

Business

BlackBerry Will No Longer Make Smartphones

However, as had been expected, BlackBerry has bid farewell to its hardware business and it will not be manufacturing any smartphones from now on. CEO of the Canadian firm, John Chen, said in a statement: "The company plans to end all internal hardware development and will outsource that function to partners ".

Business

Oyegun 'Not Fit' To Be Party Chairman, Says APC Lawmaker

Police Armoured Personnel Carriers have been stationed at the popular Kings Square, and campaign headquarters of the All Progressives Congress (APC ) governorship candidate, Godwin Obaseki , who set to be declared as governor-elect by INEC.

Business

Russian Federation aims to keep oil output around current level after OPEC deal

But don't expect triple-digit crude anytime soon. Two sources in the Organization of the Petroleum Exporting Countries said the group would reduce output to 32.5 million barrels per day (bpd) from current production of 33.24 million bpd, by around half the amount of global oversupply.

Business

Navigate An Unending Maze In Dishonored 2's Clockwork Mansion Gameplay Trailer

One of the most interesting features coming in Dishonored 2 , the new entry of the series launching next month on PC and consoles, is the ability to control Emily Kadwin, who will come with a set of skills that will make her quite different from Corvo.

Business

How the Dow Jones industrial average fared on Thursday

Futures for the Dow Jones Industrials were up 0.15%, the S&P 0.09% and Nasdaq 0.07% at 9:02 p.m. EDT. The Standard & Poor's 500 gave up 20.24 points, or 0.9 percent, to 2,151.13. Oil prices rallied for a second session, though analysts and investors questioned whether members of the Organization of the Petroleum Exporting Countries would stand by the agreement and how much impact the output cuts would have on the world's supply glut.

Business

Walgreens Boots Alliance Inc. (WBA) Rating Reiterated by Deutsche Bank AG

Keefe, Bruyette & Woods reissued an underperform rating on shares of Walgreens Boots Alliance in a report on Friday, July 22nd. 03/01/2016 - Walgreens Boots Alliance, Inc. The ex-dividend date was Wednesday, August 17th. (NASDAQ:WBA) Drug Stores shows a Dividend Yield of 1.89% with a Payout Ratio of 49.20%. The stock was sold at an average price of $85.00, for a total transaction of $2,039,660.00.

Business

Trump trips over name of African-American museum

While some might say that's typical George W. Bush , who has always had a casual demeanor, in the post-racial era of Barack Obama, there are going to be the prerequisite charges of racism. The push for the museum began in 1915 with African American civil war veterans looking for a way to commemorate America's black experience. A great Nation does not hide its history; it faces its flaws and corrects them.

Business

NYC's iconic Carnegie Deli is closing at the end of the year

Almost a year after it was shut down because of an illegal gas hookup, one of the city's most famous restaurants is once again serving up pastrami and corned beef on rye. It will still also sell its cheesecakes online. The restaurant has become a favorite stop for NY tourists and its menu features an array of sandwiches piled high with meats, many of which are named after celebrities.

Business

Indiana Mom Surrenders With Missing Kids' Bodies In Car: Cops

ET Monday in Fort Wayne . "When (the officer) made contact with that female, she advised him that there were two deceased people in the vehicle", Sgt. Police are investigating it as a homicide - the 37th homicide victim in Allen County this year. Amber Pasztor is facing two counts of murder . She added that a magistrate will review probable cause information in the case Wednesday and formal charges will be filed later this week against Pasztor.

Business

NTSB recovers recorder from wrecked train

Many passengers get off at Hoboken and take ferries or a PATH commuter train to NY. SAP spokesman Andy Kendzie said the company was "shaken by the news" of the train crash and de Kroon's death. "There have just been a continuous series of accidents that could have been prevented with PTC", he said. "We express our deepest condolences to her family, friends, and all those impacted by today's tragic event".

Business

China again warns against US anti-missile system in South Korea

Most cross the porous frontier with China first before travelling through a south-east Asian nation and eventually arriving in South Korea. On Monday, the Treasury Department sanctioned four Chinese nationals and a Chinese company for using a network of front companies, financial facilitators and trade representatives to facilitate transactions on behalf of North Korea's Korea Kwangson Banking Corporation.

Business

Donald Trump Gives Hillary Clinton a C+ Grade for Debate Performance

Before the debate, the GOP nominee had suggested many times that he might confront Clinton about former President Bill Clinton's multiple reported affairs. nominee, Dwight Eisenhower. The Trump campaign was nearly silent. The vast majority of Germans and German journalists would prefer to see a Clinton rather than a Trump presidency, and there was an unmistakable note of schadenfreude at Trump's perceived poor performance.

Business

US consumer spending falls unexpectedly in August

The personal consumption expenditures price index increased by just 0.1%, while the core personal consumption expenditures price index (excluding food and energy) increased by 0.2%. But the latest figures suggest some caution and hint at a slowdown in purchases of autos and other big-ticket items-spending on durable goods was down 1.3% from a month earlier.

Business

Deutsche Bank Is Crashing

Financial shares including Goldman Sachs fell amid concern about the industry because of Deutsche Bank , which is fighting a US$14 billion claim from the US Justice Department to settle an investigation. "At the present time I would rule out any capital help". RT reported, " Deutsche Bank woes stoking fears of 2008 financial crisis repeat". "And in any case, Deutsche Bank seems unlikely to collapse", noted Jennifer McKeown, at Capital Economics in London.

Business

Elizabeth Warren Tells Wells Fargo CEO He Should Resign

She took more than $100 million in stock options and other compensation with her, and remains eligible for a bonus at the end of this year. Questioned again by Warren, Stumpf said the bank had not considered firing her. Under the settlement, Wells Fargo neither admitted nor denied the allegations. A letter sent to the bank's general counsel asked him to make four senior executives available for transcribed interviews, including Carrie Tolstedt.

Business

California suspends ties with Wells Fargo - Another blow

Stumpf, I have a mortgage with your bank", Hensarling said. "This was a focus problem", he said. Stumpf sought to defend his bank in front of a very hostile audience of members of the House Financial Services Committee. On Democratic New York representative Gregory Meeks's Twitter you'll find him not letting Stumpf "off easy" by comparing him to a bank robber. Additional punishment could involve severing all ties between the treasurer's office and the bank, Chiang's office said.


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