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Gross Sees Clear Path for December Fed Hike as Bond Yields Soar

John Williams, president of the San Francisco Federal Reserve, laid out that case in August: "The current pace of job gains is well above what we need, which I put to be somewhere around 80,000 a month, although estimates range from 50,000 to around 100,000".

Business

Political War escalates over surgical strikes on Pakistan

He said ministers in the Modi Cabinet were trying to extract political gains from the Army's recent surgical strike across the LoC. "By saying " dalali " over soldiers" blood, Rahul Gandhi has crossed all limits . With assembly elections due in several states, including Uttar Pradesh, the issue can come handy for the party. "We never politicised the surgical strike issue during our time, because these kind of works are done silently and without any politics involved in it", Sibal said.

Business

Sterling sags to 31-year low; dollar near 2-week high

Prime Minister Theresa May said on Sunday that she would trigger the process of leaving the European Union by the end of March. The pound was down 0.2 percent at 87.42 pence per euro after setting a three-year low against the single currency.

Business

Trump apologizes for crude comments about women

Multiple news outlets are reporting that in a Friday evening statement McMorris Rodgers said, "It is never appropriate to condone unwanted sexual advances or violence against women". Trump said Friday night he would do debate prep Saturday instead of attending the event with Ryan. "I did try and (expletive) her. She was married." He says he, "moved on her like a bitch" and then made a crass remark about the woman's breast implants.

Business

OPEC agrees oil output curbs in 1st deal since 2008

More details will come out of its next formal meeting in Vienna on November 30. "I don't think it's going to work", Amos Hochstein, the State Department's energy envoy, said in an interview on Thursday. Nymex WTI crude futures settled up 67 cents, or 1.4%, at $47.72 a barrel. "This is the first time Opec and non-Opec [countries] will agree together in over a decade".

Business

IL and Chicago eye Wells Fargo business bans

The bank says customers already have been refunded $US2.6 million in fees from unauthorised products. "I wish I didn't". It shows her "DESTROY" Stumpf by accusing him of selling $13 million in bank shares just after he learned about the scandal, labeling the time of the sale "very, very suspicious".

Business

Cubs down Giants 1-0 on Baez HR in 8th

Nobody does what Johnny Cueto did to the potent Chicago lineup on Friday night, making a team that finished third in runs scored look more the South Bend Cubs for the first eight innings. He half-heartedly tried to talk manager Joe Maddon into going out for the ninth, but he knew that was futile with closer Aroldis Chapman waiting. "We know Lester doesn't throw over there much ".

Business

Labour party in fresh row over shadow cabinet reshuffle

Jeremy Corbyn has started his long-awaited shadow cabinet reshuffle , replacing longtime Labour chief whip Rosie Winterton with former agriculture minister Nick Brown. Now Brown replaces the woman he had to make way for. However, the final say should stay with the leader, as readers oppose a return to Shadow Cabinet elections among MPs.

Business

Oil prices dip on surging Iran sales

While OPEC outlined an accord to reduce production by as much as 750,000 barrels a day, its third-largest member Iran wants to increase exports to 2.35 million barrels a day in the coming months, state news agency IRNA reported . "Russian crude oil production continues to outperform". OPEC, however, will wait until its formal meeting in Vienna in November to decide how the overall cut will be distributed among its 14 members.

Business

Sarepta Therapeutics' (SRPT) Buy Rating Reaffirmed at Needham & Company LLC

The stock now trades at a price of $62.16, after having declined by 0.30% in the current session. Moreover, from the analyst's perspective, "The fact that this Summit Therapeutics deal is focused on Europe indicates, in our opinion, that Sarepta is confident about the potential for European eteplirsen approval and plans to have a European operation in place by the time of a potential ezutromid launch there", particularly considering just some months prior, Sarepta was far less confident in ...

Business

Dynamic Stock Hitting the Active List: First Solar, Inc. (NASDAQ:FSLR)

FSLR has been the topic of a number of analyst reports. Finally, JMP Securities set a $32.00 target price on First Solar and gave the company a "sell" rating in a research report on Saturday, September 17th. Janus Capital Management LLC increased its stake in shares of First Solar by 763.9% in the second quarter. Finally, Geode Capital Management LLC raised its position in shares of First Solar by 1.0% in the first quarter.

Business

Trump says he brilliantly used laws to pay less tax

What Eric Trump was trying to defend with excessive amounts of volume and anger is that his father doesn't pay income taxes. "Listen, when the audit is over, my father will release it", he said , later adding, "Of course I've seen my father's tax returns ".

Business

US job growth slows, clouds case for Fed rate hike

Fed Vice Chairman Stanley Fischer said the jobs report was close to a "Goldilocks" number, adding that the US economy has been remarkable in reducing unemployment. The annual growth rate in hourly wages has shown signs of accelerating over the past year although it remains slower than before the 2007-2009 recession.

Business

Philip Hammond: I'll have different approach to Osborne

The SNP said Mr Hammond had no answers to Brexit and said his speech was "complacent". Instead he said there will be investment to boost the economy and in particular and extra £2bn of borrowing to invest in housebuilding. "But it is equally clear to me that the British people did not vote on June 23 to become poorer, or less secure". "We know what some people in Europe are saying, but they too are preparing a negotiating position for what will be a long and tough negotiation".

Business

NTSB: New Jersey train engineer applied brakes just before crash

The National Transportation Safety Board, which has been investigating the fatal crash, said the train was traveling at 21 miles per hour when it crashed through the terminal, killing a Hoboken women and injuring 108 people. Because rail service will be modified in and out of the terminal, other NJ TRANSIT bus, rail and light rail services may experience crowding conditions and delays.

Business

Obama on Hurricane Matthew: 'This is Still a Really Dangerous Hurricane'

He urged Americans to follow directions from local officials about whether or not to evacuate their homes as the slow-moving storm continued up the East coast. Storm surge in the low-lying coastal regions of Georgia and SC is expected to be life-threatening. These are very vulnerable areas. "They've never seen this kind of damage potential since the late 1800s", he said.

Business

Australians who stripped at Sepang freed after judge's reprimand

The stunt by the nine men - who were celebrating countryman Daniel Ricciardo's Malaysia Grand Prix win on Sunday - offended some Malaysians and sparked a debate back home over boorish behaviour by Aussie sports fans overseas. "We would like to take this opportunity to ask you to please be respectful of our families' privacy at this time", one of the men, Nick Kelly, told reporters at Sydney's global airport.

Business

Jobs report doesn't shift timing for Fed rate-hike expectations

U.S. 10-year Treasuries were little changed, with the yield near a two-week high. Official figures showed the USA economy created 156,000 jobs in September, the third month in a row the figure has fallen. They're numbers that could keep the Federal Reserve on pace to raise interest rates by December. There was some divide at the Fed's last meeting: Three of 12 voting members wanted to raise rates, an unusually high amount of discord.

Business

Jewish Federations Raising Funds for Hurricane Matthew Relief

Wind gusts as high as 107 miles per hour have been clocked at Cape Canaveral , Florida, prompting a National Weather Service "extreme wind warning". More than half a million Florida residents have lost power , and Florida Power & Light anticipates more outages as the storm makes its way north.

Business

Climate policy expert lauds federally-imposed carbon price

The plan proposes a $10-per-tonne price on carbon beginning in 2018, with the price indexed to increase by $10 per tonne each year until 2022, when it would cap at $50. "At that point, we would sit down and look at how we can best move forward with it", she said. Tory MP Ed Fast said the prime minister had "pulled the rug out from under them by announcing a new, massive, billion-dollar carbon tax grab on Canadians".

Business

US Reports 156000 New Jobs Created In September, Lower Than Predicted

The US added only 156,000 jobs in September and the U-3 unemployment rate ticked upward to 5%, as economists predicted 176,000 for last month. "The jobs report was solid enough to be indicative of an economy continuing to expand modestly", he said.

Business

Hackers have a treasure trove of data with the Yahoo breach

With an estimated 500 million Yahoo users affected, this data breach would rank as one of the biggest in history , topping the MySpace hack of 427 million member accounts uncovered earlier this year. In what has become standard fare in data breaches, Yahoo has advised its users to change passwords and monitor their accounts for suspicious activity.

Business

5000 flights canceled for storm; some Florida airports open

The hurricane is expected to bring sustained winds of 140 miles per hour. The strongest winds were just offshore, . More cancellations may come as the "strongest hurricane strike in decades", according to the National Weather Service, is incoming for the east Florida and Georgia coasts.

Business

Sprint Letting Samsung Galaxy Owners Replace Their Replacements

Bloomberg said AT&T is "considering stopping all sales" of the device, but it doesn't appear a decision has been made final yet. In China, however, the provider of the batteries that had caused the explosions was never used in the first place, and units reportedly still encountered issues.

Business

Kershaw, Seager, Turner lead LA past Nats 4-3 in NLDS opener

Washington Nationals manager Dusty Baker listens to a question during a media availability before Game 1 of baseball's National League Division Series against the Los Angeles Dodgers, at Nationals Park, Friday, Oct. In his five innings against the NL East champs, Kershaw allowed three runs, which might not sound like an exorbitant total, but an opponent scored that many only once in the lefty's preceding 16 starts.

Business

European stocks open lower as markets mull hawkish Fed comments

A strong USA payrolls report on Friday could cement expectations of a rate hike. Applications for unemployment benefits, a proxy for layoffs, fell on average last month to a 43-year low. European Central Bank policy makers warned at their September meeting of "increasing challenges" in sourcing bonds its quantitative easing program, and hinted that the program could be expanded again.

Business

4500 flights canceled for storm; some Florida airports open

President Barack Obama has declared a state of emergency for Florida, Georgia and SC, freeing up federal money and personnel to protect lives and property. "We hope for the best but we want to prepare for the worst". Evacuation orders were issued for areas covering some three million residents with major cities like Jacksonville, Florida and Savannah, Georgia in the storm path.

Business

Donald Trump anticipates debate dud: "I said, forget debate prep"

Top questions after Kaine's statements included "Did Trump say that more countries should have nuclear weapons?" and "Did Mike Pence say Putin is a better leader than Obama?" It's not that the powers that be - err, the powers that were - in the Republican Party didn't try to sweep Trump and his people away all throughout this set of primaries.

Business

Deutsche Bank Rebounds as Cryan Moves to Shore Up Confidence

Germany's largest lender had said it would fight a $14 billion demand from the U.S. Department of Justice. United Kingdom shares lagged amid concerns about the financial health of Deutsche Bank and allegations that Wells Fargo had violated the Servicemembers Civil Relief Act, raised concerns over the systematic risk in the broader financial sector.

Business

Hurricane Matthew 'is a monster'

Once again much of the country is a disaster zone, with powerful Matthew shredding homes and engulfing communities in knee-deep water that is taking time to recede. That included a group of 24 people killed in the coastal town of Roche-a-Bateau. Georgia Gov. Nathan Deal ordered an evacuation of the entire Georgia coast, covering more than a half-million people.

Business

Sanders, Warren scold Wells Fargo over military treatment

Wells Fargo is among a number of banks that have agreements with specific military installations to be the exclusive bank operating on that base. Union pension fund adviser CtW Investment Group on Thursday called on boards of large USA banks to review their employment practices in light of the scandal over fake customer accounts at Wells Fargo & Co, and said it likely would not support the re-election of directors who failed to comply.

Business

Oil hits 4-month high on OPEC speculation; cut gain

Although some market participants argue that the cartel has lost much of its influence over the market as shale oil production in the US has surged, other analysts say the market has overestimated the power of shale. US shale producers were hedging future oil output at their highest levels this year, analysts at Morgan Stanley noted, as the calendar 2017 strip for crude hit mid-August highs of $52.29 on Tuesday.

Business

NY Attorney General Orders Trump Foundation to Stop Soliciting in State

In the letter , Schneiderman's office provided notice to Trump's foundation that it must provide those financial documents within 15 days. The Trump Foundation must stop fundraising immediately, the NY attorney general's office said Monday.

Business

Sterling hits three-year low against the euro over Brexit worries

Theresa May will set out to make a clean break from her predecessor by declaring she will lead an interventionist Conservative government that will "act on behalf of the people". Mrs May hinted that a "hard Brexit" is a possibility, by underlining her commitment to curb immigration into the UK. "I want to ensure it is a success".

Business

UKIP launching inquiry after lawmaker is injured

Steven Woolfe , a deputy for the right-wing U.K. Independence Party (UKIP) who also turned 49 Thursday, is being treated for "bleeding on the brain" after the incident inside the European Parliament building in Strasbourg in the morning, Sky News reported.


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