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US consumer confidence in August highest in 11 months

The Conference Board said today that its Consumer Confidence Index in August to its highest level in almost a year. Consumers were feeling more optimistic in August, according to a survey released on Tuesday. Consumers' optimism about the short-term outlook picked up in August. Consumers in August showed the most confidence in the economy in nearly a year, buoyed by improved job prospects, a survey showed.

Business

Coca-Cola: We're replenishing all of the water we use

The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $47.76 while the highest price target suggested by the analysts is $52.00 and low price target is $41.00.

Business

Yellen: Case for raising rates is strengthening

Yellen, speaking at an worldwide gathering of central bankers and academics in Jackson Hole did not say when the US central bank would raise borrowing costs, and investors remained skeptical that such a move was imminent. The Fed last raised rates nine months ago, the first time it had done so since the 2008 economic downturn. In commodities, the rally in the dollar drove crude lower.

Business

Oil falls on bullish Fed talk and rising USA dollar

But with the economy barely growing and inflation sliding further away from the Bank of Japan's 2 percent target, most economists polled by Reuters expect the bank to ease further next month. The Nasdaq Composite .IXIC was up 20.80 points, or 0.4 percent, at 5,239.72. The new data is an additional indicator that could strengthen the argument for the Federal Reserve to raise interest rates this year.

Business

Lochte Apologizes Over Rio 'Mugging' Story

Attorney Breno Melaragno says early Friday that, under an agreement reached with a Brazilian judge, Feigen will donate 35,000 Brazilian reals to an "institution" and depart. The case may not be settled even though police appear mostly finished with their probe. Prosecutors were considering relatively minor charges of falsely reporting a crime and destruction of property, as recommended by police.

Business

1 hurt as truck hits, collapses bridge on English motorway

Police said a lorry collided with a pedestrian bridge which collapsed onto the carriageway below. A pedestrian bridge collapsed Saturday after being hit by a lorry, injuring one and blocking the beneath motorway. A motorcyclist fell off his bike and was hospitalised with broken ribs, while the trucker was treated for shock. Andy Sunnucks, 24, who also saw the incident, said: "We were about 15 cars back on the same carriageway as the collision".

Business

Fire breaks out at Oberstown after detainees climb onto roof

Residential care workers and supervising staff are taking action over increasing assaults on the campus and poor safety measures. In a statement, a spokesperson for Oberstown Centre, said: "The Management at the Oberstown Children Detention Campus have been involved in a series of facilitated meetings in recent weeks with Unions to address a range of issues including health and safety concerns, drug use, behaviour management training and operational matters".

Business

Notting Hill Carnival ends with 440 arrests over United Kingdom bank holiday weekend

Festivities at Europe's biggest street party were marred by more than 300 arrests across the two day event - many relating to drugs and offensive weapons. Last year's carnival involved more than 400 arrests and significant violence, including assaults on 21 police and a near-fatal stabbing. 169 arrests were made due to the alleged possession of drugs and under the new Psychoactive Substances Act related to nitrous oxide, 38 arrests were made .

Business

NASCAR youth shines at MI with top performances

AmericaJR's Jason Rzucidlo report from Michigan International Speedway for the 2016 Pure Michigan 400. During the last couple of laps of his first Sprint Cup victory, Kyle Larson was emotional. "He said act like you have been there (to victory lane) before". "He's the foundation of the team, sure", said Ganassi. "I think it's important to understand that these guys are not robots".

Business

France demands an end to TTIP talks

He has noted that the two sides could not agree on a single chapter of the Transatlantic Trade and Investment Partnership (TTIP) being discussed. "The negotiations with the USA have de facto failed because we Europeans did not want to subject ourselves to American demands", he said , according to a written transcript from German broadcaster ZDF of an interview broadcast on Sunday.

Business

France's Hollande: EU-US trade deal won't happen this year

The EU commission, for its part, said on Monday that the "ball keeps rolling". In Europe, politicians in the bloc's biggest economic powers, France and Germany, find themselves under fire for supporting negotiations with the U.S. On Sunday, the vice chancellor told German television that "the talks with the United States have de facto failed because we Europeans of course must not succumb to American demands.

Business

Russian hackers targeted Arizona, Illinois election systems

Logan said that is the case in California and officials across the state are doing everything they can to ensure the systems are safe. And US officials say Russian intelligence agencies were behind recent hacks into Democratic Party organizations, including the campaign of its White House candidate Hillary Clinton.

Business

French Interior Minister Bernard Cazeneuve says burkini ban would be unconstitutional

He stuck to his guns yesterday evening, saying the State Council's ruling "does not end the debate which has been opened". Nevertheless, the mayor of the Corsican town of Sisco said he wouldn't lift the ban he imposed after an August 13 clash on a beach.

Business

Mylan to Reduce EpiPen Costs as Political Pressure Mounts

Mark Warner, D-Va., and Bernie Sanders I-Vt. The controversy came to light after reporters sought to confirm the details listed in a press release announcing Bresch's promotion to COO of Mylan . We are taking a hard look at the specifics behind this and have pressed Mylan for concrete answers. That is, until her husband changed jobs, and her $50 co-pay turned into a $440 outlay.

Business

Germany expects up to 300000 refugees this year

In an interview on Sunday, Chancellor Angela Merkel defended her refugee policy, saying that she had made it clear previous year that it would be a big task integrating migrants coming to Germany. According to the Migration Policy Institute Europe, Germany has recently implemented several important changes to its immigration and asylum policy such as delaying family reunifications for some refugees by up to two years, and making it harder for refugees to obtain permanent residency and to ...

Business

Global stocks rise as future of U.S. rates weighed

The Dow Jones Industrial Average on Monday increased 121.97 points, or 0.66 per cent, to 18,517.37, Xinhua news agency reported. Reserve Bank governor Graeme Wheeler would be "somewhat relieved" by Dr Yellen's tone and the subsequent market reaction.

Business

Asian stocks mostly rise on hopes for higher US rates

LONDON - Gold slid to a near five-week low on Monday after comments from top Federal Reserve officials fuelled speculation that USA interest rates would rise sooner rather than later, boosting the dollar. "This policy divergence should be supportive for the dollar". At 12:41 a.m. ET, the Dow Jones industrial average .DJI was up 107.11 points, or 0.58 percent, at 18,502.51.

Business

Dollar off highs as investors seek more United States rates gui

The S&P 500 financial index .SPSY ended 1 percent higher; Wells Fargo WFC.N gained 2.2 percent and JPMorgan JPM.N rose more than 1 percent. The Dow Jones Industrial Average on Monday increased 121.97 points, or 0.66 per cent, to 18,517.37, Xinhua news agency reported.

Business

Merkel: The EU Must Not Refuse Muslim Migrants

Half of them were against a new term, while 42% were in favour, according to a survey published on August 28 in the newspaper Bild am Sonntag. Merkel has not yet said if she will run, with an announcement possible at her Christian Democratic Union (CDU) party congress in December.

Business

PotashCorp, Agrium shares halted following report on merger talks

AAPL was trading -11.89% below its 52-week high and 20.03% above its 52-week low. Shares of Potash Corp. of Saskatchewan and Agrium were halted on the Toronto Stock Exchange today following a report that the two companies were in merger talks.

Business

US Home Prices Rise in June at Slowest Pace in 10 Months

The smaller year-over-year increases were reported in New York City (2%), the District of Columbia (2%) and Cleveland (2.5%). Home price growth in major USA metropolitan areas unexpectedly slowed in the month of June, according to a report released by Standard & Poor's on Tuesday.

Business

Healthcare Stocks Review Report: Celgene Corporation (NASDAQ:CELG) , Cempra, Inc. (NASDAQ:CEMP)

Celgene Corporation makes up approx 0.13% of Brown Advisory Securities's portfolio.Nippon Life Insurance Co reduced its stake in CELG by selling 922 shares or 2.62% in the most recent quarter. The company will report its next earnings on 3-Nov-16. Dr. Jerome ("Jerry") Zeldis joins Sorrento after a almost 20-year career at Celgene during which he was instrumental in growing Celgene into one of the leading global biopharmaceutical companies.

Business

Gold hits near five-week low after Fed strikes hawkish note

He said attention may now be focused on key jobs data, due to be released Friday, "which if it exceeds expectations could provide another compelling reason for the Fed to act". Financials .SPSY , a sector that has underperformed most of the year, was the best performer on the S&P 500, with Wells Fargo WFC.N up 2.2 percent.

Business

Rackspace Hosting, Inc.'s (RAX)

Tigress Financial cut shares of Rackspace Hosting Inc. Jefferies Group reissued a hold rating and set a $21.00 price objective on shares of Rackspace Hosting in a report on Tuesday, May 10th. Wells Fargo & Co. downgraded shares of Rackspace Hosting from an outperform rating to a market perform rating in a research note on Monday. The company now has a consensus rating of Hold and a consensus price target of $28.25.

Business

Maybe Bridgewater should just take a knee until Week 1

The Vikings defeated the Rams 21-18. The Vikings had trouble scoring touchdowns in the red zone, lost two fumbles and Bridgewater was sacked three times in the first half, although Zimmer attributed some of that to left tackle Matt Kalil being out.

Business

Cautious Fed may be inching toward a rate hike

Gold prices slipped on Friday, weighed down by a strengthening dollar after two Federal Reserve officials' comments that increased expectations for an interest rate increase this year. The Fed last raised its benchmark funds rate, the rate it charges other banks on overnight loans, last December - from near zero to a range between 0.25 and 0.5 percent.

Business

New rules for commercial drone usage go into effect today

While in the air, drones aren't allowed to fly over people who aren't part of the group (so no spying on your neighbors or checking out what's going on across the park), and they also can't go over 400 feet in the air or faster than 100 miles per hour.

Business

MTV Video Awards show gets ranchy

West has had even more history with the awards show: He famously jumped onstage and stole Taylor Swift's microphone at the 2009 show and previous year gave an 11-minute speech onstage - after being introduced by Swift - and announced he was going to run for president in 2020.

Business

Fidelity National Financial, Inc. (NYSE:FNF) Updated Price Targets

Post opening the session at $79.52, the shares hit an intraday low of $79.32 and an intraday high of $79.99 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red. It looks like Fidelity National Financial , Inc. During the 52-week period, the peak price level of the share was observed at $81.41; this is higher price of share and down price level of the share was seen at $55.11; this is lower price at which share is traded.

Business

Analysts At Williams Capital Indicated Oasis Petroleum Inc. (NYSE:OAS) As Buy

This means 35% are positive. The stock has recorded a twenty day Moving Average of 7.76% and the fifty day Moving Average is 6.9%. The count of Hold ratings in that period was 8. SPO ADVISORY CORP is another major inside shareholder in the company. Following the transaction, the Chairman and CEO is left with a stake of 1,590,772 shares, now valued at $15255503.

Business

Spindletop Capital Lowers stake in Wells Fargo & Co

Many Wall Street Analysts have commented on Wells Fargo & Co. The Market Capitalization of the company stands at 245.8 Billion. The Relative Volume of the company is 0.88 and Average Volume (3 months) is 17.7 million. It has a dividend yield of 3.13%. Other Hedge Funds, Including, Sentry Investments Corp. boosted its stake in WFC in the latest quarter, The investment management firm added 43,300 additional shares and now holds a total of 2,850,795 shares of Wells Fargo & Co which is ...

Business

The FAA's rules for commercial drones go into effect today

People aged 16 and older can take an aeronautical knowledge test at an FAA-approved facility. Now he just has to take a 150 dollar FAA test. Until now, businesses had to apply for exemptions from the FAA in order to operate drones commercially.

Business

Mondelez International, Inc.'s (MDLZ): Market Traders Recap

The corporation has an earnings per share (EPS) ratio of 4.65. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $50.27 while the highest price target suggested by the analysts is $60.00 and low price target is $46.00.

Business

Dollar off highs as investors seek more U.S. rates guidance

The euro was steady at $1.1187. West Texas Intermediate crude, the USA benchmark for oil, settled lower by 1.39% on Monday to $46.98 a barrel. Gold fell on Tuesday after Federal Reserve officials sounded a hawkish note on interest rates at the weekend, boosting the dollar, while attention turned to U.S.

Business

Abercrombie & Fitch sales fall for 14th straight quarter

Net sales for the second quarter of $783.2 million were down 4% versus past year, with comparable sales for the second quarter down 4%. Wall Street expected revenues of $782.71 million for the quarter. Flagship and tourist locations continued to account for the vast majority of the comparable sales decline as traffic remained a significant headwind.


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