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Stocks slide as investors seek safety after weak sales data

Federal Reserve on a possible interest rate hike. Meanwhile, some companies were under the spotlight on individual news. Bank shares were among losers, with Sumitomo Mitsui falling 0.88 percent to 4,245 yen and rival Mitsubishi UFJ declining 0.64 percent to 729.3 yen.

Business

Inglewood will vote on a new arena for Clippers

According to Brad Turner of the Los Angeles Times , the Clippers are expected to announce on Thursday their plans to build a new arena in Inglewood. The Clippers have a long-term lease with the Staples Center, and Vincent Bonsignore of the O.C. Register writes that "if all goes according to plan, [the Clippers] could be looking at an opening in time for 2022/23 season".

Business

OppenheimerFunds Inc. Buys 583831 Shares of Summit Midstream Partners, LP (SMLP)

Note the stock price at publication ($19.97), since the technical rating is based on intraday stock prices. Over the last twelve months, Summit Midstream Partners, LP (NYSE: SMLP)'s stock has been 7.48%. Tru Of Vermont invested in 240 shares or 0% of the stock. Alps Advisors Inc. increased its stake in shares of Antero Midstream Partners by 2.3% in the third quarter.

Business

Were Analysts Bullish Arrow Global Group PLC (LON:ARW) This Week?

Nationwide Fund Advsrs accumulated 687,375 shares or 0.13% of the stock. Parallax Volatility Advisers Ltd Partnership reported 44,887 shares or 0% of all its holdings. The rating was maintained by Barclays Capital with "Equal Weight" on Tuesday, August 18. Numis Securities maintained the stock with "Buy" rating in Thursday, August 27 report.

Business

Jeff Sessions: I Did Not Recuse Myself From Defending My Honor

There's no evidence Jeff Sessions , the attorney general and former Alabama senator, colluded with Russian officials to sway the election toward Donald Trump . Donald Trump didn't request that meeting as president-elect, Jim Comey did. Sessions said he met twice with Russian Ambassador Sergey Kislyak , once at last year's Republican National Convention and later in his Senate office, but neither time about Trump's campaign, but rather in his capacity as a US senator at the time ...

Business

Dollar nurses losses as Trump investigation report, weak US data overshadow Fed

The Fed also announced it plans to start gradually paring back its $4.5 trillion in financial securities, most of which it bought after the global financial crisis. "It signals investors think there's some credibility of the Fed doing another hike this year and possibly one, two or maybe more in the next year or two".

Business

Markets show little reaction to rate increase

The Federal Open Market Committee (FOMC) voted to raise short-term interest rates for only the third time since the financial crisis at the conclusion of its June 13-14 meeting, as expected. The stance of monetary policy remains accommodative, thereby supporting some further strengthening in labor market conditions and a sustained return to 2 percent inflation.

Business

Gunman who shot congressman had history of anti-GOP activity

He thought about asking a staffer about the man but never did, he said. "And let me be as clear as I can be". The report indicated police arrived at 4561 Frank Scott Parkway West in Belleville where they found Hodgkinson with a "high-powered weapon" and a valid IL firearms license.

Business

Shooting at GOP event: Rep Steve Scalise, aide shot in Virginia

Capitol police officer David Bailey was also wounded in the attack, as well as congressional staffer Zack Barth and lobbyist Matt Mika . "It's OK", a reporter told him. "Whether it is a so-called comedian holding up the president's head in blood , or it's right here in New York City a play that shows the president being assassinated , or it's Democratic leading national politicians who are so angry they have to use vulgarity ", he lamented.

Business

Weak US retail sales, consumer prices put spotlight on Fed

Britain's basic wages are rapidly falling behind the rate of inflation, as real pay declined for the second consecutive month, while wages increased at the slowest pace in two years. The euro EUR= rose to its highest since November 9 against the dollar, hitting $1.1295. The Federal Reserve was expected to boost a key interest rate later Wednesday.

Business

Federal Reserve raises interest rate by quarter point

With rates on the rise, the Fed has said that it will soon begin to dismantle the last part of its post-crisis economic stimulus campaign by reducing its portfolio of more than $4 trillion in Treasuries and mortgage-backed securities. The 10-year Treasury note yield trimmed a drop by three basis points and the dollar cut its losses in half. The first rate hike has already been enacted, and a second appears to be in the cards for the committee's next meeting on June 13-14.

Business

Robert Holmes Swan Acquires 13888 Shares of Intel Corporation (INTC) Stock

Intel Corp now has $168.01B valuation. Additionally, Intel Corporation (INTC ) stock price has gone up by 0.99% over the last 20 trading days, and its price is -6.68% below the 52-week high. portfolio. Summit Group Limited Liability Company reported 0.1% stake. Mutual of Omaha Bank Wealth Management's holdings in Intel Corporation were worth $2,943,000 as of its most recent SEC filing.

Business

Londoners help fire survivors with food, clothes

Expressing his heartfelt sympathy to those who have been affected by the tragedy in London , UUP MLA Andy Allen said: "With a number of tower blocks in Belfast recently refurbished or now undergoing refurbishment, I have contacted the Northern Ireland Housing Executive so people can be assured that any materials used for the cladding, insulation and general renovation of tower blocks do not present a fire hazard".

Business

Steve Merczynski: US Attorney General denies meeting with Russian ambassador

In his opening statement , he tried to provide context for something he said in his confirmation hearing. On Tuesday, Sessions gave a different account of this conversation, insisting that he had spoken up and said that yes, it was important the Federal Bureau of Investigation and the Department of Justice follow guidelines in this matter.

Business

Consumer Price Inflation for May records a decline

The increase in the cost of living remains above the Bank of England's 2 per cent target, and is likely to raise pressure on the Bank's Monetary Policy Committee (MPC) to consider hiking interest rates beyond 0.25 per cent when it meets later this week.

Business

Stocks fall, dollar pares losses after Fed decision

USA short-term interest rate futures pared earlier gains after the Fed's hike. "The labor market has continued to strengthen and that economic activity has been rising moderately so far this year". They forecast US economic growth of 2.2 percent in 2017, an increase from the previous projection in March. Five Fed officials projected raising rates three or more times this year.

Business

EPL Opening Day: By the numbers

Everton and Leicester appear to have very hard starts to the 2017/18 Premier League season. The return fixture at Goodison Park is scheduled for April 7. Chelsea travel to Newcastle on the final day of the season, and the Magpies have form in making things hard for the Blues. Mauricio Pochettino's men struggled at the national stadium in European competition last season, winning just one of their four games, also losing there to Antonio Conte's men in the FA Cup semi-final.

Business

Fed raises key rate and unveils plan to reduce bond holdings

They tend to raise their savings interest rate in much closer timing with the federal funds rate . As long as the economy "evolves broadly as expected ", the plan "would gradually reduce the Federal Reserve's securities holdings". The Fed still foresees prices, as measured by a gauge tied to consumer spending, rising 2 percent in 2018 and 2019, achieving its target. The decision to hike rates was contingent on whether improvement had been made toward the central bank's two objectives, ...

Business

Fed Raises Key Interest Rate For The Fourth Time Since 2015

The Federal Reserve is expected by most to slightly raise US interest rates . The initial cap will be set at $10 billion a month: $6 billion from Treasuries and $4 billion from mortgage-backed securities. Uncertain about how much slack there is in the economy or the labour market, FOCM members are inclined to want to "normalise" rates while they have the chance, but they seem very pragmatic about the longer-term outlook.

Business

Steve Scalise, US Republican, Injured In A Shooting During Baseball Practice

Our thoughts and prayers are with him ". Representative Pearce also said that he and other Republicans were at their normal, early morning practice, preparing for the annual Congressional baseball game , which is a bipartisan event for charity.

Business

Fed's Yellen: Inflation Decline Driven By One-Off Factors

The decision by the Federal Open Market Committee ( FOMC ) today to raise interest rates for the third time in six months is a clear mistake, even judged against the Fed's too-conservative 2 percent inflation target. The broad-based S&P 500 was down a hair at 2,439.74, while the tech-rich Nasdaq Composite Index dipped 0.1 per cent to 6,216.47. The vote was 8-1, with Minneapolis Fed President Neel Kashkari dissenting from a rate increase for the second time this year, preferring no ...

Business

US consumer prices slipped 0.1 percent in May

Matt Hughes, senior statistician at the ONS, said: "Many labour market indicators remain strong, with the employment rate at a joint record high and the inactivity rate at a joint record low". Consumer prices, excluding food and energy costs, inched up by a seasonally adjusted 0.1%, below forecasts for 0.2%. Prices were up 1.7% on the year when excluding food and energy, the weakest mark in two years.

Business

The iPad Pro still needs a more robust operating system

Belkin's Apple Pencil stand comes in silver, gold, and space gray, and Feinberg likened it to an overpriced thimble , which is the flawless way to describe it. In March, Apple added a new 9.7-inch iPad, iPhone 7, and a bunch of other new Apple Watch bands and iPhone cases. In general, Apple's estimates were always on the conservative side; we've had our share of iDevices easily surpass the 10-hour mark in our battery-rundown test.

Business

Fed hikes key rate and unveils bond trimming plans

The moves Wednesday mark the latest test of the economy's ability to stand on its own as the central bank dials back the extraordinary stimulus measures it unleashed through successive bursts of bond purchases to boost household and business spending after the 2008 financial crisis.

Business

US Crude Oil Inventories Post Surprise Gain Last Week

Traders opined that the oversupplied market has kept the prices below $50 mark despite the extension of agreement between Organization of the Petroleum Exporting Countries ( OPEC ) and other producers to reduce 1.8 million barrels per day (bpd) of output to March next year.

Business

Amazon.com, Inc. (AMZN) Introduces Prime Reload With 2% Cash Back

With it you can get a 2 percent reward on everything you buy from Amazon . Effectively, in return for preloading cash into your Amazon account, the retail behemoth is promising 2-percent cash back on whatever you buy. From the standpoint of the consumer, Prime Reload seems like a decent way to get a small kickback - especially if you're the type that's averse to using credit cards / amassing debt.

Business

Fed Hikes Interest Rates Despite Declining Inflation

The yield on the 10-year Treasury note was 2.12 percent, the same as shortly before the statement came out. Investors are keenly interested in whatever the Fed says about its balance sheet because gradual reductions in its portfolio could raise long-term rates, even if only slightly.

Business

Fed poised to hike rates for 2nd time this year

With the Fed's decision hours away, bond bulls still seem to be holding sway: Speculators in 10-year futures are close to the most bullish since 2007, while a market-implied gauge of consumer price growth for the next decade is the lowest since November.

Business

How Many Kinross Gold Corporation (USA) (NYSE:KGC)'s Analysts Are Bullish?

Russell Investments Group Ltd. bought a new stake in shares of Kinross Gold during the fourth quarter worth about $22,916,000. KGC has been the topic of a number of research reports. The Return on Equity (ROE) value stands at -9.7%. The firm's quarterly revenue was up 1.7% compared to the same quarter previous year. The mining company reported $0.02 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.01 by $0.01.

Business

Kylie Jenner and Travis Scott just got matching tattoos

According to reports, Scott annd Jenner shared images of matching tattoos of a tiny butterfly on the back of their legs, via their respective Snapchat Stories. "For so long, I've been putting on this different persona to the world", Kylie says in the trailer. "I'm just really living my life". Life of Kylie is set to air on Sunday, August 6 at 9|8c.

Business

London fire: Baby caught after being 'dropped to safety from tower'

The death toll was expected to rise. London's Metropolitan Police say six people have died in the devastating fire that engulfed a west London apartment block. - Authorities are trying to determine how many people are still trapped. "My brother has friends and they live in there", he said. When no one came to help, she chose to escape on her own.

Business

Qatar's border with Saudi Arabia has become deserted after diplomatic rift

Turkey's president has criticised moves by Qatar's Gulf neighbours to isolate the emirate as "inhumane". He added that the countries that announced suspending ties, which included Saudi Arabia, Bahrain , the United Arab Emirates and Egypt , faced their own risk of financial hardship from damage to business in the region.

Business

Louisiana Congressman Steve Scalise shot at congressional baseball practice

House Speaker Paul Ryan's office said Scalise's wounds were not believed to be life-threatening and that a member of the security detail was also shot. A police officer was hit by the gunman after he got out of a parked vehicle and drew a handgun, according to Filous. The other, a woman, was eventually evacuated by helicopter with a serious wound.

Business

Fox News Dropping 'Fair & Balanced' Slogan After Two Decades

Fox News Host Bret Baier tweeted on Wednesday that the move was purely for promotional reasons. Fox executives have been instructed by management to market the network by its other tagline: "Most Watched". Fox News Headquarters in Midtown Manhattan. Ailes, 77, died last month , still seething about losing control of the network he had built with media mogul, Rupert Murdoch.

Business

Trump says Scalise shooter is dead

Investigators said they found anti-Trump messages on the shooter's Facebook social media page. House of Representatives majority whip Steve Scalise , 51, was shot in the hip . U.S. Rep. Joe Wilson also offered prayers for Scalise, his family and others injured. Williams said the gunman has been detained. President Trump will reportedly give remarks responding to the shooting at 11:30 a.m.


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