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Trump kicks off 'thank you' tour in Cincinnati

The political atmosphere in the United States has been shaken and there is no doubt that there are more questions than answers after the electoral verdict in the 2016 US Presidential election. But it's Trump's looming decision on the State Department that has gotten the most attention. "It's time to remove the rust from the rust belt and usher in a new industrial revolution", he said.

Business

India raises market stabilisation bond issuance limit, RBI says

The government also seems to be aware of the problems for RBI with higher liquidity. The RBI's Monetary Policy Committee (MPC) will meet on Dec 6 and 7, 2016 for the Fifth Bi-monthly Monetary Policy Statement for 2016-17. "The increase in MSS is aimed to ensure the banking system goes back to its pre-November 8 status, so that banking can be done normally", said Santosh Kumar Mehrotra Professor of Economics, at JNU.

Business

Italian banks hold almost a third of euro zone's bad loans

If Renzi resigns, it could lead to early elections and a rise in support for the populist anti-euro Five Star Movement, according to Independent . This could cause as many as eight Italian banks to fail, risking contagion across Europe. The referendum concerns Renzi's plans to abolish the elected upper house Senate and replace it with a chamber of regional representatives with greatly reduced powers.

Business

Sarah Palin denounces Trump's Carrier deal as 'crony capitalism'

Trump and vice president-elect Mike Pence on Thursday helped in arranging a sum of $7 million in IN tax breaks over the next 10 years for the multinational firm, Carrier, in exchange for the company's assurance to keep at least 800 of the 1,400 jobs in the United States instead of moving those jobs to Mexico.

Business

Trump official floats cap on tax deduction

If they do, then they could drop down into Trump's 12% tax bracket, which would mean that they'd go from a 10% tax increase to a 2% tax decrease . On the campaign trail, Donald Trump promised the biggest tax cuts since the Reagan era and proposed reforms that would drastically increase our country's already extreme levels of inequality.

Business

US Approves Flights by Norwegian Air Shuttle Subsidiary

They accused the airline of operating a flag of convenience to skirt labour laws. A day earlier the European Commission filed for arbitration over the three-year-old dispute and formally charged the U.S. "Norwegian will do for transatlantic travel what Ryanair has done for European travel, bringing lower fares, increased competition and growth to the overall market".

Business

Amber Alert issued for Ont. girl, 9, last seen Thursday

They discontinued broadcasting the Amber Alert after 2 a.m. Saturday. Sabry was last seen in Welland on Thursday. Police in Ontario issued an Amber alert for the missing girl on Friday evening. Police also said in their release that a child abduction investigation was ongoing. "No vehicle description available". If you have any info call 911 immediately.

Business

US jobless rate plunges to 4.6 pct., employers add 178K jobs

The 0.3 percentage point drop in the unemployment rate - the steepest in more than two years - was in large part because almost 450,000 people dropped out of the labor market. Fed Chair Janet Yellen has said the economy needs to create just under 100,000 jobs a month to keep up with growth in the working-age population. Average hourly earnings fell 0.1% in November after a sharp rise in the prior month, although they remained 2.5% higher year-on-year.

Business

NRF reports uptick in Black Friday, Cyber Monday sales

That's according to numbers provided Tuesday morning by digital tracking firm Adobe . Online sales on the Monday after the Thanksgiving holiday weekend rose 12% to a record $3.45 billion, according to Adobe, which tracks 23 billion visits to retail sites.

Business

Comprehensive Stock Analysis of: Alphabet Inc. (NASDAQ:GOOG)

A number of other hedge funds have also added to or reduced their stakes in GOOG. Ladenburg Thalmann Financial Services Inc. raised its stake in shares of Alphabet by 13.5% in the first quarter. Welch Grp Ltd Llc has invested 0.03% of its portfolio in Alphabet Inc (NASDAQ:GOOG). Several brokerages have recently weighed in on GOOG. Alphabet Inc (NASDAQ: GOOGL ) had its stock rating reiterated as "Buy" in a report released by analysts at Canaccord Genuity.

Business

Saudi energy minister: oil market would balance even without output cuts

US West Texas Intermediate (WTI) crude futures were down 74 US cents, or 1.6 per cent, at US$45.32 a barrel. Last week, oil prices fell sharply on Friday amid uncertainty over whether the Organization of the Petroleum Exporting Countries can reach an agreement to cut production and prop up markets.

Business

Trump goes after Rexnord one day after announcing deal with Carrier

Some economists and Democrats have downplayed the importance of Trump's actions. He remembered his general election foe by joking, "We had fun fighting Hillary, didn't we?" She spoke in response to "lock her up" chants that greeted Trump during a rally Thursday.

Business

Cognizant Technology Solutions Corp. (CTSH) Shares Up -1.8% on Analyst Upgrade

Several other analysts also recently weighed in on the company. ILLEGAL ACTIVITY WARNING: " Cognizant Technology Solutions Corp .'s ( CTSH ) "Market Perform" Rating Reiterated at William Blair" was posted by Sports Perspectives and is owned by of Sports Perspectives.

Business

Veterans' group criticizes vets joining pipeline protest

Students and organizers formed a huge circle next to Storke Tower as men from the Chumash tribe spoke at length about the negative effects the proposed pipeline would have on their land and, more broadly, on relations between the Native American people and the USA government.

Business

OPEC to debate output cut; Iraq, Iran may balk

Oil have been on the constant rise following positives vibes from OPEC representatives over the possibility of a deal at their November 30 in Vienna . In September, OPEC agreed to reduce production to between 32.5 million and 33 million barrels per day - an effort to prop up prices - from OPEC's own latest production estimates of 33.64 million barrels per day.

Business

Here's Why Pandora Stock Is Soaring Today

The average 1 year price objective among analysts that have updated their coverage on the stock in the last year is $14.40. Albert Fried has been covering shares of P, so it is most recent view is worth a look. The company now has a Return on Equity (ROE) of -41.10% and a Return on Investment (ROI) of -17.20%. The difference between the expected and actual EPS was $-0.01/share, which represents an Earnings surprise of -16.7%.

Business

Peyton Manning Visits Giants Facility, Helps Eli with Game Plan vs. Steelers

If that means splitting out wide, so be it. I never have that fear. "We've got plenty and I refuse to add myself to that list", he said . Overall, Manning is completing 63.2 percent of his passes for 264 yards a game (tied-for 12th most in the league).

Business

US Jobless Rate Falls To Lowest Level In Nearly A Decade

It partly reflects people who are no longer looking for work - they are counted as "not in the labor force" rather than unemployed. "This positive jobs report is another indication that the United States economy continues to pick up stream", said Citizens Bank managing director and head of global markets, Tony Bedikian.

Business

United States launches most advanced weather satellite ever built

Saturday at 4:22 p.m. CST the United States will launch its most advanced weather satellite yet from Cape Canaveral Air Force Station in Florida. The National Aeronautics and Space Administration (NASA) on Saturday, November 19, blasted off a new satellite created to offer a "huge leap" in weather forecasting by sending back more frequent and higher-definition images of severe weather patterns.

Business

United States Steel Corporation (NYSE:X) Analyst Update

Argus downgraded shares of United States Steel Corp. This stock should be on high alert today as traders determine whether the selling will continue or if the stock will reverse course today. WPX Energy, Inc. has distance from 20-day Simple Moving Average (SMA20) of 19.9%, Distance from 50-Day Simple Moving Average of 20.85 percent and Distance from 200-Day Simple Moving Average of 51.85%.

Business

Holy "Thwip" - Fans Buzzing About Description of "Spider-Man: Homecoming" Footage

The new trailer was not released online but those who saw it said it was short but jaw-dropping awesome. With the cast and filmmakers all claiming that Homecoming will explore Peter's existence as a modern teen, a Spider-Man flight sequence would be a thematic expression of freedom (or any other metaphor) in the same way that CGI Spider-Man "swinging sequences" existed in Sam Raimi's trilogy, and "Spider-Man POV" existed in Marc Webb's The Amazing Spider-Man.

Business

Trump, Pence Use Carrier as Example For Future

The $700,000 a year in incentives from in are a drop in the bucket compared to the $65 million a year Carrier has said it would save in labor and other costs by shifting production to Mexico. Earlier this year, Carrier announced it was moving its plant and 1,400 jobs to Mexico, only for part of that plan to change as of this week. The workers in Mexico will be making $2.50-$3 per hour, plus benefits.

Business

Trump nominates Obamacare critic as health secretary

President-elect Donald Trump and his nominee for U.S. Secretary of Health and Human Services have doubled down on Republican promises to scuttle the Affordable Care Act (ACA). "Congressional Democrats and the Obama administration blatantly ignored the voices of the American people and rammed through a hyperpartisan piece of legislation that will have a disastrous effect on our nation's healthcare system", he said of Obamacare .

Business

Petition calls for new UK 5-pound bank note to be 'fat

The Bank said the problem "had only just come to light" and it was treating the concerns with "utmost seriousness". Vegan activist Doug Maw, writing for i, said "no vegan, vegetarian, Sikh, Jain or Hindu would knowingly use a product containing tallow" and called the decision to use the substance "unethical, unfathomable and unacceptable".

Business

Big Mac inventor who ran a Pa. McDonald's dies at age 98

All of that, and still, the latest estimates I could find are that McDonald's still sells 550 million Big Macs in the United States each year-nearly twice that if you count every single instance of two all-beef patties, special sauce, lettuce, cheese, pickles, onions on a sesame seed bun sold worldwide.

Business

Only 26 Percent Of Americans Support Full Repeal Of Obamacare, Poll Finds

So they continue to take a chance on not needing health care. "It isn't", said Dr. Irwin Redlener, Co-Founder and President of Children's Health Fund, and the paper's lead author. Just days after President-elect Donald J. Trump picked Georgia Rep. Tom Price, a leading critic of President Barack Obama's sweeping health care law, to head the Department of Health and Human Services, area health care officials are beginning to consider what could happen if the law is repealed.

Business

Autumn Statement: OBR warns households will 'feel the squeeze'

George Osborne had meant to eliminate the deficit completely and achieve a budget surplus, initially by the end of the last parliament, then by 2020, but repeatedly missed borrowing targets. Hammond said the Office for Budget Responsibility (OBR) has revised its growth projection for the United Kingdom economy in 2017 down to 1.4% from 2.2% and to 1.7% in 2018 from 2.1%.

Business

Prime Minister addresses the public at BJP's Parivartan Rally in Uttar Pradesh

Corruption has snatched the rights of the poor, it has been the root of all ills, says Modi at a rally in Moradabad, UP. It has already imposed a monthly limit of Rs 10,000 on withdrawals from Jan Dhan accounts. "Earlier, when a school demanded that Rs 5,000 be paid for admission officially and Rs 50,000 unofficially, an average middle class person had no option but to comply..." For 70 years people queued up for essential items.

Business

Henry Kissinger Meets With Chinese President Hours Before Trump's Taiwan Call

We on the Chinese side are watching the situation very closely", Xi said Friday, as he welcomed the retired diplomat at the Great Hall of the People in Beijing . Kissinger was among select USA experts - including former Treasury Secretary Hank Paulson and Elaine Chao, Trump's nominee for transportation secretary - whom Xi met in February 2012 before taking power.

Business

Dollar Heads for Longest Winning Run Versus Euro on Trump View

The election of Donald Trump as U.S. president has done nothing to change the Fed's plans for a rate increase "relatively soon", the Fed's Yellen said on Thursday in Congressional testimony. Expectations remain high for the new administration to boost fiscal spending and lower taxes in a move that will likely accelerate inflationary pressure, prompting the Fed to raise rates at a faster pace, Mr.

Business

WRTV Reporter Refused Credentials for Trump Event at Carrier Plant

In reality, the deal cut by President-elect Trump and Vice-President Pence is a public relations victory for Trump and Pence at the expense of the IN workers who they sold out. The agreement, detailed Thursday by United Technologies Corp. Trump also defended intervening in the company's decision-making. In 2014, the Pence administration awarded $8 million in tax credits to BAE Systems Controls to keep 1,000 jobs at its Fort Wayne facility.

Business

Carrier gets $7M in tax breaks to stay in the US

On Thursday, Trump followed through on his visit with an announcement that slightly more than 1,000 jobs would stay in Indianapolis . Jeffery Blackford is a Carrier worker who gets to keep his job. Mainstream economists then assure us that, overall, society is better off due lower-cost imported goods and higher value-added domestic jobs, even if a few workers are sacrificed along the way.

Business

S&P holds South Africa's rating at BBB-, downgrades local debt

S&P said that South Africa's rand-denominated debt was now rated at BBB, down from BBB+, but that its rating for foreign-currency debt remained at BBB-, one notch above junk, with a negative outlook. "Working together as government, business and labour we can overcome the current economic challenges and we must continue working hard and creatively to reignite growth so that jobs can be created for our people", the president was quoted as saying in a statement.

Business

26 arrested in NYC in $15 minimum wage protests

Jerry Brown signed a bill into law that will lift the statewide minimum wage to $15 an hour by 2022. Declaring today a " National Day of Disruption ", protesters in hundreds of cities across the country are participating in mass strikes and sit-ins to bring attention to the cause.

Business

OPEC raises the white flag in battle with US

Flowers forecasts Brent to average $55-$60 a barrel in 2017, but cautioned this would "depend on OPEC being very careful to meet the terms of the agreement". "Total combined reduction of 1.8 million barrels per day by Opec and non-Opec represents nearly two per cent of global output and would help the market clear a stocks overhang, which had sent prices crashing from levels as high as US$115 a barrel seen in mid-2014".


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