Money

Fed leaves key rate unchanged but hints at upcoming hike

Fed leaves key rate unchanged but hints at upcoming hike

The central bank, however, signaled at a possible hike in December. In September, Fed Chair Janet Yellen said that a move before year's end was likely as long as US employment and inflation continued to strengthen. The Fed had been expected to leave rates alone Wednesday, in part to avoid any perception of affecting next week's vote. Analysts had expected the Fed not to take any action, with less than a week before the presidential election. Read More

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Mets' Jeurys Familia arrested on domestic violence charge

Mets' Jeurys Familia arrested on domestic violence charge

Police responded to the incident in Fort Lee at 2:22 a.m. after receiving calls about a dispute. According to The Record , officers found "probably cause to believe that domestic violence had occurred". Police never charged Chapman, which means Familia will likely receive a similar suspension from Major League Baseball, regardless of the legal ramifications. Read More

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Gold slightly unchanged ahead of Fed meeting

In advance of an announcement from Fed policymakers Wednesday afternoon, traders were pricing in a 67% chance that USA borrowing costs will go up next month. "One suspects this election could take a bitter turn and the financial markets would not know where to look". The odds of a hike announcement this week are 16 percent, and rise to 71 percent in December, according to Fed Fund Futures. Read More

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Construction activity remains 'solid', but Brexit and input prices drag

Markit's Purchasing Managers' Index (PMI ) for manufacturing, which accounts for about a fifth of the economy, rose to 55.0 from 54.3 in September to reach its highest level in 33 months. Data showed that upturns in output, new orders and employment continued in October. "Data also suggested that a decline in worldwide demand contributed to the overall decrease in incoming new orders", IHS Markit said. Read More

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Russia oil minister signals cooperation with Saudis on price

Russia oil minister signals cooperation with Saudis on price

The preliminary deal has limited output from OPEC states to between 32.5 million and 33 million barrels per day. Prices slipped 81 cents, or 1.6 per cent, to US$49.98 a barrel on Wednesday, the lowest close since September 30. crude stocks. Gasoline inventories are expected to fall by 963,000 barrels while stocks of distillates, which include heating oil and diesel, are forecast to drop by 1.41 million barrels. Read More

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When do the clocks go back in 2016?

When do the clocks go back in 2016?

The idea of moving the clocks forwards and backwards was discussed by the government in 1908, but many people didn't like it so it wasn't made a law. The clocks always go forward an hour on the last weekend in March in spring, and go back on the final weekend of October in autumn. Read More

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Pence applauds FBI investigation of emails

Abedin announced her split from Weiner back in August after the New York Post published a cover story about Weiner reportedly sexting with a woman for more than a year. Republicans quickly took the opportunity to renew criticism of Clinton's use of a private email server. Trump denounced both Hillary and Bill Clinton as creatures of a corrupt political system, who would use another pass at the Oval Office to enrich themselves at the expense of American families. Read More

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Donald Trump Rally in Lisbon, Maine

The razor-thin one-point spread is the narrowest result since August, when, for a three-week stretch, the lead bounced Trump and Clinton. Because Trump paid to build this audience with his own campaign funds, he alone will own it after November 8 and can deploy it to whatever goal he chooses. Read More

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Unilever pricing row breaks out in UK

Unilever pricing row breaks out in UK

However, he added that he is confident that a dispute with Tesco will be "resolved very quickly" and said that other Unilever customers have accepted price hikes. SuperValu said that it has refused to accept "what we consider to be an unjustified price increase". Unilever are also believed to have requested a price rise for its products from Dunnes Stores. Read More

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Twitter may lay off Hundreds of Jobs

Twitter may lay off Hundreds of Jobs

However, according to Bloomberg's anonymous sources, the number of employees being let go could change as Twitter's restructuring plans are still fluid. We'll have to wait and see exactly how the potential layoffs unfold, and what Dorsey has to say about the company's position during this week's earnings call. Read More

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Visa profit beats estimates, boosted by acquisition of Visa Europe

Visa profit beats estimates, boosted by acquisition of Visa Europe

Earnings of $0.78 per share beat the Street's consensus by $0.05, while revenue of $4.261 billion, up 19.3 percent year-over-year, came in ahead of estimates of $4.23 billion. The United States accounted for about 41 percent of the total payments volume in the latest quarter, while Europe accounted for about 25 percent. On a per-share basis, Visa earned $2.48 for the full year compared with $2.58 per share a year earlier. Read More

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Rockwell Collins to buy B/E Aerospace for $6.4 billion

Rockwell Collins to buy B/E Aerospace for $6.4 billion

The acquisition significantly increases Rockwell Collins' scale and diversifies its product portfolio, customer mix and geographic presence. Rockwell's acquisition, announced on Sunday, would triple its sales of equipment in new-generation widebody jetliners such as the Boeing (BA.N) 787 and Airbus (AIR.PA) A350, and "nearly double our position in the narrowbodies", Chief Executive Officer Kelly Ortberg said on a conference call with analysts, referring to top-selling jets such as the ... Read More

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13.8M goal set for Obama's final health care signup season

13.8M goal set for Obama's final health care signup season

In response, I wrote a September 22 warning letter reminding the Obama Administration that Congress twice passed laws prohibiting taxpayer bailouts of insurance companies (President Obama twice signed that law) and emphasizing the full commitment of Congress to stop any potential backdoor taxpayer bailout for insurance companies that lost money through Obamacare. Read More

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Moody's: DoJ preparing complaint alleging rating violations

Moody's: DoJ preparing complaint alleging rating violations

Moody's is expected to report financial earnings Friday, Oct. 21, 2016. Moody's revealed the pending lawsuit in its third-quarter earnings release in a section entitled " Litigation Update ". In their Q3 earnings report, Moody's Corporation reported that they were preparing to receive a civil complaint from the Department of Justice. Moody's said that it's continuing to respond to the Justice Department's and states' subpoenas and inquiries. Read More

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RiverPark Advisors LLC reaches $316000 position of Valeant Pharmaceuticals International Inc. (VRX)

RiverPark Advisors LLC reaches $316000 position of Valeant Pharmaceuticals International Inc. (VRX)

Valeant Pharmaceuticals International has a one year low of $18.55 and a one year high of $127.08. The latest exchange of 7.82 Million shares is above its average trading activity of 4.3 Million shares. Readers should not consider this as a recommendation to buy or sell company stock. The median estimate represents a 3.17% increase from the last price of 38.77. Read More

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United Kingdom lawmakers back stripping Philip Green of knighthood over BHS collapse

United Kingdom lawmakers back stripping Philip Green of knighthood over BHS collapse

Field told Channel 4 News he thinks Sir Philip is "running the Arcadia group into the ground like BHS", implying workers would be sacked and the pension fund cut like BHS. Green's business reputation was shredded in the BHS postmortem report published by MPs on Field and Wright's committees. She said BHS directors were being investigated and action would be taken if they were found to have failed to act appropriately. Read More

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US home sales rebounded in September despite tight supply

US home sales rebounded in September despite tight supply

Sales of existing homes in the United States rose strongly in September, with many first-time buyers entering the market, according to figures released on Thursday (Oct 20). "Though the supply of homes for sale remains pretty limited, buyers now face less competition in the traditionally slower fall market, which means that more first-time buyers are finally landing homes", Realtor.com Chief Economist Jonathan Smoke said. Read More

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Hollande and Merkel slam Russia on Aleppo, leave sanctions open

Dion will call out Russian Federation and Syrian President Bashar Assad by name during a special session of the UN General Assembly organized by Canada and supported by more than 70 other countries. The Russian Center for the Reconciliation of the Warring Sides in Syria reported on October 18 that an air strike against Hassadjek near Aleppo in Syria had killed six and wounded another four. Read More

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