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Gold Prices Pull Higher as US Currency Stabilizes

The national Consumer Price Index increased 0.2 percent from August to September and has grown 1.5 percent over the past year. 'The renewed slide in the Pound following "hard Brexit" noise will flow through to higher inflation, potentially exceeding 3% during 2017'.

Business

Iraqi forces make gains in push to retake IS-held Mosul

For one policeman, the battle for Mosul is a chance to return home as part of victorious Iraqi forces two years after leaving the city in defeat. "The retaking of the IS northern Iraq stronghold, Mosul, may lead to the return to Europe of violent IS fighters", King told Die Welt in remarks published Tuesday.

Business

Netflix subscriptions boom around world, shares jump 20%

Netflix's shares were up 18 per cent at $117.93 in premarket trading. If that gain holds on Tuesday, the company will erase a 13 percent loss for the year. Original programming, which now accounts for 10 per cent to 20 per cent of its content budget, will climb to 50 per cent in the future, the chief financial officer David Wells has said.

Business

Friend and colleague remembers Jim Prentice as a 'great humanitarian'

Former Alberta Premier Jim Prentice is among four people killed in a small plane crash near Kelowna BC. In a statement from the Prentice family, they say "words can not begin to express our profound shock and heartbreak at the news that our beloved husband, father and grandfather, Jim, has died in this tragic event".

Business

Tesla, SolarCity shares rise as merger looms

Another media release is slated for October 28, with SolarCity and Tesla joining for a new collaboration. Inability to raise additional cash would hurt the stock as investors need to know how Tesla plans to reach its goal. This may lead to delays in the transaction closing. One possible feature announcement expected during the October 17 event is Autopilot 2 .0, a formidable upgrade for the existing autonomous system.

Business

Iron ore major BHP sees signs of recovery in commodity markets

Prices in recent times have been buoyed by promises of an output cut from the Organization of the Petroleum Exporting Countries, which could help draw down the vast oversupply of oil that has flooded world markets. BHP's total iron ore production for the September quarter was unchanged at 58 million tonnes. Iron ore accounts for the biggest portion of BHP's sales.

Business

Fed vice chairman Stanley Fischer makes case for fiscal policy

Low interest rates also make it much more hard for central banks to respond to any shocks to the economy, as there is little room to cut rates when they are already close to the effective lower bound. "We are very close to our targets" of maximum sustainable employment and 2-percent inflation, he said. Unemployment has been at or below 5 per cent all year - close to most economists' estimates of full employment, while the Fed's preferred gauge of inflation, minus volatile food and energy ...

Business

Bank of America Corp (NYSE:BAC) & Alcoa Inc (NYSE:AA) News Buzz

In fact, mortgage banking income increased to $297 million, up form $267 million last quarter and $290 million past year. The 31 stock analysts who cover the stock have an average PT at $17.61, with individual targets in the range of $13 to $20.

Business

Prosecutors indict 5 Lotte family members on corruption

The South Korean prosecution has wound up the much-publicized four-month-long probe on Lotte Group and its founding family members on a number of charges of wrongdoings from embezzlement to breach of trust after referring most of the key Shin family members to the court without physical detention.

Business

MPs to vote on European Union deal, but can not block Brexit

Downing Street confirmed that the government's view was being set out by Mr Eadie. MPs would "most likely" have to be consulted before the Prime Minister launches the process to start Brexit, Government lawyers revealed today. With Britain leaving the European Union in 2019, if Article 50 is triggered by next March, any deal reached with Brussels is expected to deal with migration controls and whether Britain remains in the single market.

Business

USA denies it urged Ecuador to unplug Assange's internet access

WikiLeaks said Assange lost connectivity on Sunday, sparking speculation Ecuador might have been pressured by the US due to the group's publication of hacked material linked to US Democratic presidential candidate Hillary Clinton. Leftist President Rafael Correa's government said it was acting on its own and not ceding to foreign pressures. Assange runs WikiLeaks from the Ecuadorian embassy in London.

Business

The politics behind pound sterling's volatile week

Reserve Bank of New Zealand (RBNZ) Assistant Governor John McDermott reminded markets yesterday that the bank meant to cut NZ rates further in the near future, extending this week's "Kiwi" Dollar selloff. The New Zealand dollar extended its decline against the greenback, which was bolstered by the weak pound . The pound is at its lowest level since Friday's flash crash, when it tumbled to around $1.18 before recovering.

Business

Independence Realty Trust Inc(NYSEMKT:IRT) Declares Dividend of $0.0600

The Company holds 146.66 million shares outstanding. The analysts estimated mean EPS at 0.02 while the high and low EPS estimate stand at 0.02 and 0.02 respectively. UBS Group AG raised its position in shares of Empire State Realty Trust by 48.3% in the first quarter. Finally, Quadrature Capital Ltd acquired a new stake in shares of Brandywine Realty Trust during the second quarter valued at $565,000.

Business

Planned Parenthood Celebrates 100 Years While Pro-Life Groups Hold Prayer Vigils

In 2011, Richards' reported income was $420,153. There have been great efforts made against Planned Parenthood to cut federal funding, that amounts to about one-third of the $1.3 billion budget. Planned Parenthood would not be celebrating its 100th anniversary and the victories it has achieved without the tremendous work of its partners in the reproductive health, rights and justice communities.

Business

Stocks higher as health care leads

While the energy sector leads all others in the S&P 500 , up 14.2 percent for the year, it was among the biggest laggards again on Monday. He also remarked that the consumer discretionary stocks should not be included in this fiscal policy strategy as they tend to be highly sensitive to a sudden surge in prices.

Business

Philippine president arrives in Beijing for 'historic' visit

Duterte is bringing an entourage of hundreds of businessmen with him to Beijing on Tuesday, and Philippine media have said deals worth billions of dollars are expected to be announced during the trip. alliances in the region", said Mr Andrew Shearer, a senior adviser at the Center for Strategic and International Studies in Washington. "In a reflection of his keenness to fix the seriously damaged relations, the new Philippine president chose China to be the first country he visits outside ...

Business

Government delays southeast airport expansion decision

Cabinet ministers including Foreign Secretary Boris Johnson and Education Secretary Justine Greening are opposed to a third runway at Heathrow, adds the paper. The Government has the votes to approve Heathrow, as Tory rebels are outweighed by the SNP and Labour. That means that once an announcement in favor of Heathrow or Gatwick is made, the priority will be to spend the next 12 months drafting a national policy statement on airports encapsulating that decision, Grayling said.

Business

USA shale output seen surging if crude reaches $60

The oil cartel increased its crude production to almost 33.4 million barrels a day in September, it said in a report released on Wednesday. Government officials from major oil producers, including Russian Federation, are meeting in Istanbul this week to try to lay out more details of production cuts ahead of an official OPEC meeting in November.

Business

Samsung Pulls The Plug On Troubled Smartphone

Samsung Electronics Co. and the Consumer Product Safety Commission agreed on an expanded recall of original and replacement Note 7 smartphones, increasing the number of devices that can be returned to 1.9 million. The decision comes after Samsung stopped the production, sales and replacement of the Note phone on October 10. The company said it expects to generate 5.2 trillion won (£3.7 billion) in operating profit during the third quarter after the recall cost.

Business

Higher oil prices boost September consumer prices

But ONS head of inflation Mike Prestwood said it was still low by historic standards. After the Bank of England's decision to cut interest rates in a bid to stabilise markets following the Brexit vote prices have increased and are expected to continue to rise.

Business

Duterte: Philippines open to China, Russia 'war games'

Duterte also repeated he would no longer allow joint exercises with the United States, the Philippines' main defence ally and supplier of military hardware. "If China succeeds in peeling the Philippines away from the United States, it will be a major win in Beijing's long-term campaign to weaken USA alliances in the region", said Andrew Shearer, a senior adviser at the Center for Strategic and International Studies in Washington.

Business

Court dismisses plea against Smriti Irani

The degree of Smriti Irani came under the scanner after the 2014 General Elections, when Congress claimed Smriti of holding the fake degree as she mentioned different years of her qualification in 2004 and 2014 Lok Sabha Elections. The court observed that the complainant, Ahmer Khan, would not have been "bothered" if Irani was not a minister in the central government. Khan had alleged that Irani had knowingly furnished misleading information about her qualifications and that a candidate, ...

Business

'P***y grabs back:' US women rally against Donald Trump

With signs declaring themselves "Pussies In Formation", and urging the electorate to "Grab [Trump] by the polls", women rallied outside of the Trump Towers in both NY and Chicago, as well as the newly-opened Trump International Hotel in Washington DC.

Business

North Korea Would Use Nuclear Weapons If Threatened

Such launches are usually reported within a few hours or even minutes by South Korean and USA military monitors, but the news of Saturday's test only came out around 16 hours after the event. The South Korean military is developing a three-pronged defense approach against possible nuclear and conventional missile attacks by its northern neighbor.

Business

Trump accuser's friend vouches for her account of sexual assault

They eventually set up a meeting at the Beverly Hills Hotel, but when Zervos arrived a security guard led her to Trump's bungalow. Zervos was a contestant on Trump's show in 2006. In his Trump Tower office, she said Trump was complimentary and sounded eager to hire her. "And I said, 'I came to have dinner.' He said, 'OK, we'll have dinner'".

Business

Huntington Beach resident Summer Zervos says Donald Trump sexually accosted her

High-profile lawyer Gloria Allred called a press conference on Friday announcing her decision to represent a former " Apprentice " contestant who alleges Donald Trump sexually accosted her at a hotel in 2007. The offense Trump takes at being interrupted by a woman had echoes in the second presidential debate this past week when he repeatedly complained that moderator Martha Raddatz was cutting him off mid-sentence.

Business

Cubs starter Kyle Hendricks leaves Game 2 after getting hit by comebacker

It was his first homer in post-season play - and just the second ever by a relief pitcher in the playoffs, after that of the New York Giants' Rosy Ryan in game three of the 1924 World Series. San Francisco had runners on second and third after left fielder Ben Zobrist misplayed Pagan's sinking liner into a fourth-inning double, but Brandon Crawford bounced out to end the inning.

Business

Sanders rally in New Mexico draws hundreds ahead of election

Colorado will be the focus of the presidential campaigns this week as political rallies and campaign stops are planned throughout the state. CSU freshman Tanner Wall said he was a big Sanders supporter from the beginning and seeing Sanders' endorsement of Clinton made him also support the Democratic nominee, despite what he referred to as pros and cons about her.

Business

Hurricane death toll now 842 in Haiti

At Cape Canaveral, 107 miles per hour winds were recorded, leaving about 1. 1 million people without electricity. Southern Florida airlines have canceled 4,500 flights since Wednesday, and despite some flight schedules resuming, travelers are still avoiding the north where the storm is still present.

Business

Still more questions than answers as Wells Fargo boss John Stumpf exits

Wells Fargo Chief Executive, John Stumpf, has resigned in the wake of a scandal over its sales practices. He oversaw the company's $15 billion acquisition of Wachovia in 2008 and as of June 30 had helped Wells Fargo become the second-largest USA -chartered commercial bank in terms of consolidated assets, according to the Federal Reserve .

Business

American Airlines Group, Inc. (NASDAQ:AAL) Quarterly Analytical Analysis

For the quarter, the stock has changed 7.46%. Pacific Global Investment Management CO increased its stake in American Airlines Group by 1.5% in the first quarter. The mean price target for the equity is at $40.77 while the highest price target suggested by the brokerage firms is $49.00 and low price target is $29.00.

Business

Revenue Estimates Analysis: Regions Financial Corporation (NYSE:RF)

The stock was purchased at an average price of $42.08 per share, for a total transaction of $113,616.00. Another recent and important Manulife Financial Corp. New Mountain Finance Corp. Investors interested in trading RF stock at the current market price of $10.01/share should know the company will next release quarterly results for the December 2016 quarter.

Business

Malaysia condemns launch of ballistic missile by North Korea

First unveiled as an indigenous missile at a military parade in Pyongyang in October 2010, the Musudan has a theoretical range of anywhere between 2,500 and 4,000 kilometers (1,500 and 2,500 miles). "That is why the United States has been in discussions with our South Korean allies about deploying a THAAD battery and anti-ballistic missile battery to South Korea to protect South Korea from the ballistic missile threat emanating from North Korea ", Earnest said at a press briefing.

Business

The Price of Oil Could Increase Dramatically

The basket price slipped $0.21 to $42.89 a barrel, down almost $3 a barrel from a recent high of $45.84 in June. The situation reversed by the start of trading in NY after OPEC data confirmed the IEA's report . In September, members of the The Organisation of the Petroleum Exporting Countries ( Opec ) voted to cut production for the first time in eight years.

Business

Social Security Tax Earnings Cap to Jump on U.S. Wages: Chart

Their Part B premiums also would rise by this amount, leaving their Social Security benefit the same as this year. The 0.3% cost-of-living adjustment will begin with benefits payable to more than 60 million Social Security beneficiaries in January 2017.


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