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Federal Reserve meets as economic picture darkens

Despite signaling that further rate hikes are still on tap for the remainder of the year, the FOMC held the Fed Funds Rate in the United States steady at a range of 0.75% to 1% in a unanimous vote. The Fed also said that it expected the first-quarter's slow economic growth to speed up later in the year. The unemployment rate also fell in March to near a 10-year low.

Business

US Federal Reserve keeps key lending rate unchanged

The Canadian dollar lost ground against its U.S. counterpart on Wednesday as oil fell and the dollar was buoyed after the U.S. Federal Reserve held interest rates unchanged following its two-day policy meeting. The Fed said near-term risks to the economy appear "roughly balanced", with inflation closing in on its 2 percent goal and the jobless rate near a level officials see as consistent with their maximum-employment mandate.

Business

With late deals, House Republicans set Thursday vote on GOP health bill

Rep. Steve King said there was an agreement that his language in the original bill that would "strike out" the requirement to cover essential health benefits would be offered in the Senate with the support of President Donald Trump and Vice President Mike Pence.

Business

Co-President Bill Shine Is Out, and a Woman Will Oversee Programming

Ailes was replaced in August as chairman of Fox News by Rupert Murdoch, who's also the chairman and controlling shareholder of parent company 21st Century Fox Inc. "But to some Fox News conservative vets like Hannity, Shine was the remaining bulwark against the Murdoch sons, who are seen as "liberals" trying to radically reinvent the network in the model of a mainstream cable-news rival like CNN." Shine's name was also included in other lawsuits against the network.

Business

Soldiers' mutilation: India provides Pakistan with 'actionable evidence'

Wednesday's statement said a trail of blood showed that the people who killed the soldiers returned along the LOC. "Foreign Secretary summons Pak HC, conveys India's outrage, demands action against Pak soldiers and commanders responsible", Baglay said on Twitter .

Business

President Trump Vows Continued Fight for Freedom

President Trump said he was "proud" to be the 1st to speak to the convention since Ronald Reagan did almost 35 years ago in Phoenix, AZ. This isn't the first time that Trump has spoken to the NRA, which endorsed him in May of previous year, but it does mark the first time since then-President Ronald Reagan did so in 1983 that a sitting president has spoken at its convention, ABC News reports .

Business

U.S. Trade Deficit Little Changed At $43.7 Billion In March

Analysts had expected a 1.4 percent increase, according to a consensus forecast. Trade issues have become a key focus over the past few weeks following US President Trump's threat to withdraw from NAFTA while the US has imposed tariffs on Canadian lumber imports.

Business

Tesla 1Q loss widens on higher spending ahead of Model 3

Excluding items, the company lost $1.33 per share. Cash burn was the second most in the company's history, behind only the final period of past year. Last month, Musk tweeted that Tesla plans for a semi-truck to debut in September and that it will unveil a pickup in 18-24 months.

Business

UN hopes Trump will preach human rights to Duterte

Trump told Duterte that he was interested in developing a "warm, working relationship". In December, Duterte released a statement saying Trump had told him he was conducting his war on drugs "the right way". He said waivers would change how states could treat those who don't maintain insurance and they could find ways to "incentivize people to obtain coverage before they fall ill".

Business

French Presidential Candidates Look to Broaden Support

Politicians on the moderate left and right, including French President Francois Hollande and the losing Socialist and Republican party candidates in Sunday's first-round vote, maneuvered to block Le Pen's path to power. The election is widely seen as a litmus test for the populist wave that a year ago prompted Britain to vote to leave the European Union and USA voters to elect Donald Trump president.

Business

Puerto Rico turns to courts for debt protection

Title III of that law - a hybrid between Chapter 9 and Chapter 11 bankruptcy protection, designed for local governments (although Puerto Rico is excluded) and corporations, respectively, - provides a stay on all creditor litigation and would leave decisions on debt repayment in the hands of a court.

Business

Puerto Rico announces historic debt restructuring in court

By comparison, the US city of Detroit had $9.3 billion of obligations when it filed for bankruptcy in 2013 in the biggest USA municipal bankruptcy ever. Bondholders can not challenge Rossello's decision until 120 days from now. Some expect creditors to challenge the filing, arguing the board did not meet requirements under PROMESA to conduct good faith negotiations out of court.

Business

All you need is growth

The bill introduced this month in New York's Senate and Assembly would require the state to release five years of state tax information for any president or vice president who files a NY state return. The association also said just 12 school districts will try for tax levy overrides this year, down from 36 last year, because their increases exceed their allowable tax levy limits.

Business

Dallas Police Search for Active Shooter After Firefighter Injured by Gunfire

A police robot entered the home after several hours and located the bodies of two people, including the suspected shooter. The gunman who shot and injured a paramedic treating a civilian in Dallas claimed on his Facebook page to be the New Black Panther Party's longtime national minister of defense.

Business

GDP Growth Takes a Hit as Consumers Pullback on Spending

The ONS noted that the slower growth in the first quarter was mainly due to services, which grew by 0.3% compared with growth of 0.8% in the fourth quarter of 2016. While the slowdown was owed partly to transitory forces and seasonal-adjustment issues, weakness in consumer spending raised concerns about a lagging economy.

Business

Troubled: Canadian Mortgage Lender Home Trust Obtains $2B Loan Facility

Toronto-based Home Capital said it hired RBC Capital Markets and BMO Capital Markets to advise on "strategic options" after it secured the one-year loan, according to the statement. Before the Home Capital situation came to light, investor interest in the subprime mortgage sector was on the upswing, said McLister. It expects to have a balance of C$814 million in its high-saving interest accounts once Wednesday's transactions are settled, compared with C$1.4 billion as of April 24.

Business

Iowa Deputy Shot And Killed During Prisoner Escape

Kleine said Tuesday that he will drop those charges if Correa-Carmenaty agrees to be extradited to Iowa to face more serious charges, including murder in the shooting death of Pottawattamie County Sheriff's Deputy Mark Burbridge. Authorities say the van was abandoned a few blocks away, where the inmate either met an accomplice or carjacked someone's vehicle. The suspect was recaptured after crashing during a high-speed chase.

Business

Starbucks' new drink inspired by 'heydays of summer'

The drink is also infused with cooling mint sugar ~crystals~ and a layer of whipped cream, then topped with even more whipped cream and an additional dusting of dark cocoa. The drink is similar to Starbucks's Pokémon Go Frappuccino , which was sold for a limited time previous year. All the hype surrounding the Unicorn Frappuccino got us so worked up that we could barely muster excitement for the release of the Dragon Frapp.

Business

Petra Kvitova returns to tennis court for first time since knife attack

The two-time Wimbledon champion suffered serious injuries to her dominant left hand when she confronted an intruder who broke into her home in December. After December's attack, Kvitova was left with major nerve damage in her left arm as well as injuries to multiple tendons and all five fingers. The photo comes just two weeks after Kvitova said she would not rule out the prospect of returning for the French Open later this month.

Business

Alphabet Inc. Sees Profit Soar 29% on Ad Sales

Shares of Google's parent company jumped because it released earnings after the market closed on Thursday night that exceeded expectations. Last quarter, Google's "other revenues" grew more than 60 percent year-over-year and hit $3.4 billion in quarterly revenue .

Business

Trump suggests he'll take sanctuary cities case to Supreme Court

But, as some have already pointed out on Twitter, Tuesday's injunction was the result of the city of San Francisco suing Trump over his executive order , and the case was heard in San Francisco - it wasn't brought in from elsewhere for a friendly verdict.

Business

Kraft Heinz earnings: Expect cost savings

Finally, First Financial Corp IN increased its stake in Kraft Heinz by 5.5% in the first quarter. "Although our top line results in the first quarter reflect a slow start to the year, we remain on track with our key initiatives", Kraft Heinz CEO Bernardo Hees said in a press release.

Business

Trade minister courts China for softwood as US announces duties

Trudeau said he told the president that the U.S. Commerce Department levelled "baseless allegations" when it imposed new, unfair duties on Canadian softwood. "We have made progress in our conversations, but we're not there yet", Freeland said in a teleconference call with reporters from Berlin where she attended the Women20 Summit.

Business

Oil prices buoyed by United States crude stock dip

West Texas Intermediate for May delivery dropped 73 cents, or 1.4%, to $51.68/bbl at 12:33 p.m. on the New York Mercantile Exchange. But crude prices retreated Wednesday as US output continues to rebound. The drop in production resulted in a marginal increase of 38.5 million barrels for the first quarter of the year. They touched $54.76 intraday, the lowest since April 7.

Business

SpaceX Launches Secret Spy Satellite

Monday's 7:15 a.m. EDT (1115 GMT) liftoff of a classified satellite for the National Reconnaissance Office (NRO) officially broke ULA's 10-year monopoly on launching US military and national security satellites. "While this particular sensor did have a redundancy, readings were out of tolerance so out of an abundance of caution, we opted to hold launch, said John Federspiel, a lead mechanical design engineer at SpaceX who served as a broadcaster for the launch".

Business

GOOGL) continues to beat expectations — Alphabet Inc(NASDAQ

The average estimate of 11 analysts surveyed by Zacks Investment Research was for earnings of $7.48 per share . The two have so much control of the market that a few advertisers are now complaining of a duopoly. Google's 44-year-old India-born CEO Sundar Pichai received almost $200 million (Rs 1,341.68 crore approx) in compensation last year, double the amount he got in 2015.

Business

Canada recalls too strong 77% alcohol gin

The gin is labelled as having a 40 per cent alcohol content, but that lot of bottles actually has a 77 per cent alcohol content. The gin is labelled as having 40 per cent alcohol content. This product is not safe for consumption. This week's recall marks the second time in as many months that an alcohol has been pulled off shelves in Canada for being surprisingly strong.

Business

Trump says he won't pull U.S. out of NAFTA

The rise came in the wake of the news that Washington will impose tariffs on five major Canadian lumber exporters. The sentiment was echoed by a former diplomat who leads a Canadian-American business group. The president is also blasting Canada for protecting dairy manufacturers, a measure he says is putting US farmers out of business. Several, Doherty warned, aren't sure how they will make the immediate cash deposits that will come due next week to pay for the new tariffs.

Business

Technicals in View on This Stock: EQT Midstream Partners, LP (NYSE:EQM)

April 21, 2017 is the announcement. The share price of Antero Midstream Partners LP (NYSE:AM) was up +1.96% during the last trading session, with a day high of 34.48. (NASDAQ:MMLP). Renaissance Technology Ltd owns 317,285 shares or 0.02% of their USA portfolio. 235.99 million shares or 2.87% more from 229.40 million shares in 2016Q3 were reported.

Business

First quarter GDP shows sharp slowdown in economic growth

This is the slowest pace of GDP expansion in three years, with the U.S. economy having contracted by 1.2pc in 1Q14. Private economists were projecting annual growth around 1%. That followed the fourth quarter's robust 3.5 percent growth rate. The expected weakness in consumer spending is blamed on a mild winter, which undermined demand for heating and utilities production.

Business

Hail to the king: Raptors coach says team can't watch LeBron

He scored 35 points on a bold array of jump shots, power moves to the basket and acrobatic, throw-down dunks that while not necessarily demoralizing to the Raptors, probably gave hint they were catching the Cavs on one of their really good nights.

Business

Wall Street flat as Fed Reserve meet kicks off, Nasdaq hits record

At 9:50am ET (1350 GMT) the Dow Jones Industrial Average was up 5.59 points, or 0.03 per cent, at 20,919.05. Caution was high as the Fed's meeting got underway; while central bankers are expected to keep rates on hold at this meeting, analysts are looking for any comments on the recent slowdown in US economic activity.

Business

North Korea fires missile

North Korea's nuclear deterrent will assure that American aircraft carriers, nuclear submarines, and other military hardware will be " shattered into pieces of molten metal " if they threaten Pyongyang, the article read. Earlier this month, the country attempted to fire a missile, which had just been unveiled as a game-changer intercontinental ballistic missiles (ICBM) in a show of military might - only for the weapon to blow up four or five seconds after being launched.

Business

Debry favorite Classic Empire draws post 14

He is lightly raced, which is a concern, but if there's one thing he's learned over the past year, don't count out Patch. Consider that Irap entered the Blue Grass as a 33-1 long shot even with three seconds, a third and three fourths mostly with jockey Mario Gutierrez .

Business

Workers across Asia mark May Day

On his part, Dogara pledged the commitment of the house to passing a new minimum wage bill. Oshiomole mounted the podium to appeal to the workers but he was also rebuffed by the workers, who told him to go away as they were not ready to listen to him.


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