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U.S. stocks rally as Deutsche Bank surges

JPMorgan Chase was up 1.6 percent. Bond prices sank. The yield on the 10-year Treasury note rose to 1.60 percent from 1.56 percent. The Dow Jones industrial average .DJI was up 203.64 points, or 1.12 percent, to 18,347.09, the S&P 500 .SPX was 22.1 points, or 1.03 percent, higher at 2,173.23 and the Nasdaq Composite .IXIC was up 53.14 points, or 1.01 percent, to 5,322.29.

Business

FBI, Eyeing Russia, Finds More 'Attempted Intrusions' In US Voter Databases

This was the third time Director Comey has appeared before Congress to answer these questions. Comey said the FBI has no plans to re-open the investigation, despite some Republican calls to do so. But he told the House Judiciary Committee that the FBI is 'investigating to try to understand exactly what mischief the Russians might be up to in connection with our political institutions and the election system more broadly'.

Business

Reuters/Ipsos poll: Clinton leads Trump by 5 points in USA presidential race

According to analysis of opinion polls by FiveThirtyEight , Clinton saw a two-point boost post-debate - doubling her lead in the race for the White House. Among those who watched Monday's presidential debate, 57 percent said Mrs. Clinton won, 23 percent said Mr. Trump won, and 12 percent said it was a draw.

Business

Giuliani claims Trump 'a genius' for not paying taxes

The documents show Trump declared a $916 million loss following the failures of his Atlantic City casinos and his short-lived Trump Shuttle airline. Giuliani said Trump's personal financial disclosure form filed last year shows Trump made $680 million - enough that Trump wouldn't have been able to carry over his 1995 losses through 18 years.

Business

Yellen acknowledges how bank regulatory burdens can vary

Garrett's argument provides some context to Trump's accusations that the Fed is acting politically by keeping interest rates artificially low to protect Obama's approval rating. Under the proposed plan, banks with less than $250 billion in assets, whose business models don't involve significant foreign or non-banking activities, would no longer be subjected to the qualitative portion of the Fed's annual stress test.

Business

Pep Guardiola insists Manchester City can still improve despite impressive start

Buying the best players in the world has seen Man City win six major honors since 2011: two Premier League titles, one FA Cup, two League Cups and one FA Community Shield. "There are many teams who wait to see what you do and then react - they don't wait to see what they're going to do". So far, the notoriously hard nature of English football has been straightforward to tame for City's new manager Pep Guardiola.

Business

United States band The Slants sues so it can trademark 'offensive' name

Trademark Office can deny registration of offensive trademarks or whether such prohibition violates the First Amendment. Despite achieving victory in a lower court, Tam agreed to let his case pass to the realm of the SCOTUS, because he believes the law needs to be changed (not to mention all the press it will bring to his cause and his band).

Business

Daimler Unveils New Electric Brand Through Generation EQ Concept in Paris

This is the Generation EQ , a concept vehicle that's super futuristic in both aesthetics and interface. It will rival the Audi e-tron quattro, Jaguar E-Pace and the Tesla Model X. It's being built on an architecture developed specifically for battery-electric models. Teased on the companys Instagram account , the vehicle looks peculiar to say the least, with the high ground clearance of an SUV or crossover, but the finish of a small plastic model.

Business

Winners and losers in OPEC's plan to cut production

The rise in output could add to scepticism about OPEC's ability to allocate its new production target of between 32.50 million and 33 million bpd, a task ministers left until a meeting in November. The move is a marked departure from the strategy championed by Saudi Arabia over the past two years to keep production volumes flat so it can maintain market share and exert pressure on USA shale producers whose pumping has helped contribute to the supply glut.

Business

Wells Fargo CEO's Financial Punishment

The lawmakers are looking into when and how Mr. Stumpf became aware of the problems in the retail business. " Wells Fargo has strong recoupment and clawback policies in place" in part to discourage its senior executives from taking "imprudent or excessive risks that would adversely affect the company", the bank said in its latest proxy statement .

Business

Christie, Giuliani: If Trump didn't pay taxes, he's 'genius'

Speaking at the debate, he said he would only release his tax returns after Clinton released 33,000 deleted emails, referencing a controversy where the Democrat nominee used her family's private email server for work emails instead of an official government account.

Business

Colonial Finds Pipeline Workaround to Ease Gasoline Shortage

In Alabama Gov. Bentley said gas prices in parts of the state rose 20 cents over the weekend after a pipeline leak but he didn't consider that price gouging. "From an ecological standpoint, the spill couldn't have happened at a better place or time because the terrain funneled the fuel into [a nearby retention] pond and the water was low enough in the small lake to enable it to hold the gas, said [environmentalist David] Butler, of Cahaba Riverkeeper".

Business

NTSB trying to recover train's data recorders

But commuters had plenty to say. NTSB media spokesman Christopher O'Neill said Friday that investigators are struggling to retrieve the recorder from the wreckage in Hoboken without damaging it. Mr Christie said the crash appeared to be accidental. "The last report that I saw filed with the Federal Railroad Administration by NJ Transit covers the first six months of this year says they are at 0 percent in terms of locomotives for positive train control, 0 percent on the tracks for ...

Business

Don't divert attention, India needs assurance: Mayawati tells PM

He also challenged the Pakistan Government to compete with India on the development plank. Aiyar said that allies like Russian Federation and Iran have shifted their stands and are actively engaging with Pakistan. "If India can't ignore or forget sacrifices of those eighteen soldiers wearing uniform, getting good salaries and trained to kill and get killed, how can Kashmiris forget sacrifices of more than one lac innocent and unarmed, men, women and children, who were sent to graves by ...

Business

US Lead Dwindles Through Morning Session of Ryder Cup

Rory McIlroy of Europe has had trouble with some fans at the 2016 Ryder Cup at Hazeltine National Golf Club against the US. But if Europe is to turn things around Sunday, it will have to do so with four players who have yet to contribute a point or even a half point at Hazeltine.

Business

China again blocks bid to get JeM chief labelled terrorist

On Feb 18, a list of 11 individuals and one organisation "linked to terrorism in India" was submitted to the 1267/1989/2253 ISIL (the militant Islamic State group) and Al Qaeda Sanctions Committee. According to media reports, this decision is likely to overshadow the talks between PM Modi and Chinese President Xi Jinping in October during the BRICS Summit in Goa.

Business

Trump's 1995 Tax Records Suggest No Federal Taxes Paid For Years

Trump says he would eliminate the loophole, but hedge fund and private equity managers would be able to pay even lower tax rates should Trump let pass-throughs enjoy his lower 15 percent rate. "But if you're a billionaire, there are all kinds of loopholes that you can utilize that enable you. not to pay anything in taxes". The Trump campaign refused to confirm or deny the reports in a statement provided to the newspaper, and instead said the returns were "illegal obtained".

Business

Deutsche Bk shares spike after report it is near DOJ settlement

Deutsche Bank triggered a Wall Street selloff on Thursday on reports a number of hedge funds that do derivatives business with the bank had reduced their exposure. before the financial crisis also looming large in investors' minds. Citgroup and Bank of America both won more than three percent. Benchmark U.S. crude oil rose 41 cents to $48.24 a barrel in NY, and it rose 8 per cent over the last three days.

Business

A suspected "state-sponsored actor" hacked at least 500M user accounts

The FBI is looking into those claims, but it's unnerving that it took until now to warn users about a data breach that happened so long ago, and seemingly only because the data going on sale let the cat out of the bag. The only information the hacker did not get away with was payment information. " Yahoo should also alert its users to the benefits of credit freezes and offer to pay for credit freezes with all three major national credit bureaus".

Business

Trump takes credit for calling NY blast a bomb

Hillary Clinton plans to speak about how her economic plans will support people with disabilities. "Black women are fearful for the future of our families and Donald Trump nearly seems like an existential threat to that", Rebekah Caruthers, head of the firm Caruthers Consulting, told The Washington Post .

Business

USA dollar, Japanese yen settle after bumpy week

The Fed said its policy committee had concluded that "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 Fed chair noted that historically low rates haven't caused the economy to overheat as some analysts feared they would. The US Federal Reserve System (FRS), which performs a role of the national central bank in the United States of America, kept the base ...

Business

Global stocks jump, euro edges up as Deutsche Bank rebounds

On Friday, bank stocks and the broader market regained nearly all of those losses. The Justice Department's $14 billion to settle an investigation into the bank's role in the US housing collapse added to worries about its future. "While it is in the headlines, it is an overhang", said Art Hogan, chief market strategist at Wunderlich Securities in NY. "As a result, investors need to be mindful of the potential for a market upset in the near term".

Business

Fed is 'perilously close' to losing its credibility, says economist

ENERGY: Benchmark U.S. crude added 45 cents to $45.79 per barrel in electronic trading on the New York Mercantile Exchange. The Fed's decision to keep rates low also caused bond prices to rise and the USA dollar to fall against other major currencies, which in turn helped boost prices of commodities, which are denominated in dollars.

Business

Trump 'may have avoided federal taxes for two decades'

Hillary Clinton says the spate of gun violence in the United States shows that "protecting all of God's children is America's calling". The reality is this man, 26 years ago, had some failures, and then he built an empire. But if it turns out he owed nothing in federal income taxes, he wouldn't be alone. His main reasoning for not releasing his records to date cites a routine audit by the Internal Revenue Service, although the agency has said that they do not require federal tax returns ...

Business

Police release Charlotte shooting clip

On Tuesday, Keith Lamont Scott was shot by police after officials say Scott pointed a gun at officers in the complex's parking lot. The video shows Scott exiting his vehicle and walking back from officers before he is shot multiple times. He described the police videos as supporting other evidence, rather than being standalone proof. A series of photographic evidence was released Saturday night.

Business

Hoboken crash probers turn focus to crew, black box data

Investigators planned to pull one of the black-box event recorders from the locomotive at the back of the train Thursday evening. Dinh-Zarr said investigators are waiting for the engineer to be ready to talk to them because he was injured in the crash.

Business

Wells Fargo Bank Pays Settlement After Improperly Repossessing Cars of US Military

Sometimes companies really know how to add insult to injury: Like when Wells Fargo illegally repossesses your vehicle right before you're deployed to Afghanistan - and then demands your family pay an additional $10,000. John Stumpf appeared before House Financial Services committee the same day revelations broke about Wells Fargo's treatment of customers in the military.

Business

SA power outage: how did it happen?

Energy generation assets remain intact. SA Power Networks said it wasn't receiving upstream power supply from the transmission network and as such the whole state was without supply. But why all of South Australia was blacked out for a time on Wednesday out is yet to be clarified. More than 1.7 million found themselves without power.

Business

Deutsche Bank Rebound, Oil Gains Propel Wall Street Higher

Deutsche Bank's US -listed shares surged as much as 15.2 percent after French news agency AFP reported that the bank was nearing an agreement with USA officials to pay $5.4 billion to settle charges related to selling toxic mortgage bonds before the financial crisis.

Business

Loss of European Union passport not dire for London: Moody's

May, who argued before she won Britain's top job that the United Nations was flawed but necessary, said the 193-member organisation should ensure its relevance by serving the millions of people who feel left behind by globalisation. First up was a roundtable discussion with the likes of Goldman Sachs, Morgan Stanley, BlackRock, IBM and Amazon - all organisations that invest heavily in the UK.

Business

Clinton campaign seizes on new report about Trump's taxes

In the contentious interview, Giuliani often tried to shift to attacks on Clinton, while Tapper pushed him to directly address Trump's unfounded claims made Saturday. Last week, Machado made worldwide headlines after she was mentioned by Hillary Clinton during the debate. Trump's personally charged rhetoric comes as he continues to defend his performance at the first presidential debate last Monday and as he is working to swat away renewed Republican distress over his candidacy after he ...

Business

Greens rule out Momentum chief's call for merger with Labour

But the leader of the party in Wales, Mr Jones, has called for everyone to come together and focus "on the things that matter" in challenging the current UK Conservative government. Last month at a packed meeting at the Prince of Wales hotel in the town, party members in Southport gave Mr Corbyn 107 votes with challenger Owen Smith receiving 27.

Business

Yogendra Yadav and Prashant Bhushan announce new political party 'Swaraj India'

Targeting the AAP party Yadav said "It is hard for us to convince people sometimes that we are talking about clean and alternative politics, as they have had a bad experience earlier". While Yadav would be heading the new political party, Bhushan will be the convenor of Swaraj Abhiyan, an organisation formed by the duo after their expulsion from AAP.

Business

Ups and downs mark entertaining first day of Ryder Cup

So personally I maybe wanted it a little bit more for that reason. "The hardest thing we have to deal with this week is not getting too excited but we did a great job of staying patient", said Snedeker. Typically, there is the slightest delay. The first team to reach 14 ½ points wins the Ryder Cup. They had a 5-3 lead, the margin after the first day at Medinah four years ago that ended in another European victory.

Business

Britain to scrap European Union entry law

Asked whether her government would prioritise immigration over access to tariff-free trade with European Union countries in divorce talks with the bloc - something that has muted investment, May said only that she wanted to get the "right deal".


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