Saturday, 25 May 2019
Latest news
Home » Finance


Tension As North Korea Arrest Another US Citizen

Three other U.S. citizens are now held in North Korea, including Kim Sang-duck, who had taught at PUST. With no end to mounting tensions in sight, news broke Sunday that North Korea has detained yet another USA citizen. Otto Warmbier, a 22-year-old student who was sentenced to 15 years of hard labor for trying to steal a propaganda sign from a hotel. It said his detention was not related to his work at the university and therefore it could not comment further. Read More »

Buffett Says Republican Health Plan Sure to Help Wealthy

The answer in the case of Wells Fargo (NYSE:WFC), says Warren Buffett, is a combination of hubris and procrastination. The US House of Representatives on Thursday narrowly - 217 to 213 - approved legislation to repeal and replace former President Barack Obama's signature health insurance program, known as Obamacare. Read More »

'Sanctuary Cities' Bill Awaits Texas Governor's Signature -- and Lawsuits


President Donald Trump made cracking down on illegal immigration a cornerstone of his campaign and signed an executive order earlier this year to withhold federal funds from cities that refuse to cooperate with USA immigration officials. One question on the test asks who was president during World War I. Theriault says that knowing Woodrow Wilson was in office during that time period is important because it should hopefully give people an understanding of the ideas surrounding him, such as ... Read More »

CHOICE Act Targets Fiduciary Rule, Dodd-Frank Rollback

Waters added that the bill is "dead on arrival in the Senate, and has no chance of becoming law". Additionally, the new bill will allow banks to be exempt from existing Dodd-Frank provisions so long as certain criteria are met. Only a few weeks in office, President Donald Trump launched his attack on the financial law, ordering up a government review of the complex legislation that has been filled out with hundreds of rules written by regulators in a six-year slog. Read More »

Featured Stock to See: Apollo Commercial Real Estate Finance, Inc. (ARI)


TRADEMARK VIOLATION WARNING: "Renaissance Technologies LLC Reduces Position in Ares Commercial Real Estate Corp (ACRE)" was first published by The Cerbat Gem and is owned by of The Cerbat Gem. In related news, CEO Stuart Rothstein sold 25,000 shares of Apollo Commercial Real Est. Finance Inc (NYSE:ARI). Carroll Finance stated it has 300 shares. Read More »

Protections for 27 national monuments may be curtailed, cut


Zinke, who appeared with Utah Sen. While Zinke acknowledged no US president has ever rescinded a national monument, he noted that few monuments "are to the scale of the recent actions", and saying it's not uncommon for a monument and its boundaries to be modified. Read More »

Alphabet Inc Revenues Surge 22% Despite Lagging CPCs

Aggregate cost per click fell 19% year over year, and cost per click on Google properties fell 21%. The segment includes sales from newer Google product categories like cloud services, the Google Play store and its growing list of hardware products like the Pixel phone and Google Home. Read More »

Floods force 1900 people from homes in Quebec


Ontario Premier Kathleen Wynne said emergency teams are on alert, and the ministries of Municipal Affairs and Community Safety are both keeping a close eye on the situation province-wide. In British Columbia, rain combined with warm temperatures that have accelerated the melting of the snowpack have resulted in flooding and mudslides throughout the province. Read More »

Starbucks adds to grocery products that earn rewards


Earnings per share (EPS) is 1.95, and this is looking to grow in the next year to 15.67% after growing 4.00% this past year. Shelton Capital Management decreased Starbucks Corp (SBUX) stake by 14.52% reported in 2016Q4 SEC filing. Stock traders purchased 8,901 call options on the company. Finally, Courier Capital LLC raised its position in shares of Starbucks by 0.8% in the fourth quarter. Read More »

Pochettino vows that Spurs will keep fighting for league title

But Pochettino knows they can have few complaints after a strangely lethargic display lacking both poise and passion. "If we don't win against Middlesbrough (on May 8) then you lose this great win". However, despite rivals Arsenal winning the Tottenham support were left with something to celebrate on Sunday. "We need to bounce back and finish the season strongly". Read More »

Raimondo: GOP health care bill is 'bad for Rhode Island'

Many said last-minute amendments further eroded protection for the most vulnerable groups, including the sick and elderly. Susan Collins of ME, whose vote may prove one of the hardest to get for President Donald Trump and Majority Leader Mitch McConnell, R-Ky. Read More »

TPG Capital targets key parts of Fairfax


That is why a large proportion of a seven-page letter TPG sent to the Fairfax board on Friday is focused on the TPG's consortium's commitment to maintaining premium content and independent journalism. In effect TPG wants to buy the Domain asset and anything that profitably acts as a digital funnel in driving traffic towards it for a knock-down price of 95 cents per Fairfax share. Read More »

Economic growth stumbles to worst rate in 2 years, underscoring Trump's challenge


Net exports contributed 0.07 percentage point to the growth in the quarter, compared to a subtraction of 1.82 percentage points in the previous quarter. A measure of private domestic demand increased at a 2.2% rate last quarter. Economists said Federal Reserve officials were likely to view both the anemic consumer spending and GDP growth as temporary when they meet next week. Read More »

His support for black colleges remains 'unwavering'


Trump issued a statement late Sunday to clarify an earlier statement that some interpreted as meaning the president planned to end a capital financing program that helps these institutions fix, renovate and build new facilities. Black cautions that Trump's statement seemingly hinting at potentially defunding programs doesn't cite any legal proof that they are discriminatory. "We urge him to reconsider immediately". Read More »

Interior IDs 27 monuments for possible end to protections

As well as taking public comment, Zinke will review the monuments based on criteria such as economic impacts, impacts on different uses of the land, the concerns of state and local governments, and the Antiquities Act's requirements, with the news release highlighting lines in the Act saying a monument should not exceed "the smallest area compatible with the proper care and management of the objects to be protected" and should be classified as "historic landmarks, historic and prehistoric ... Read More »

Always Dreaming wins Kentucky Derby on sloppy track

The almost black son of Bodemeister from the Excess stallion Above Perfection was installed as the 9 to 2 betting favorite and rewarded his backers with the win against 19 rivals on a track that had absorbed 2-1/2 days of rain and was truly rated "sloppy". Read More »

U.S. economic growth slows to 0.7% in first quarter

In the fourth quarter, output grew at a 2.1% rate. This is the most important collection of economic data to be published ahead of the June 8 general election in the United Kingdom and marks a worse-than-expected economic slowdown of 0.4 percent predicted by a Bloomberg survey of economists. Read More »

China Faces Pressure To Consider North Korea Oil Embargo


The ministry added that the US and South Korean intelligence services had "ideologically corrupted and bribed a North Korean citizen, transforming him into a terrorist determined to act against the countries' supreme authorities". He had multiple contacts with South Korean intelligence personnel, and an accomplice who had a Chinese-sounding name, Xu Guanghai of the Qingdao Nazca Trade Co. Read More »

Fed holds key interest rate steady, downplays recent weak economic data


While that was the smallest gain since October, it roughly matched expectations of economists surveyed by Reuters, who had forecast a gain of 175,000 jobs. The wording of the Fed s policy statement strengthens the prospect of two more increases in the benchmark lending rate this year, boosting the dollar against the euro and other major currencies. Read More »

Always Dreaming wins rain-soaked Kentucky Derby

We're good at getting here; we'll figure out how to win it. Coping beautifully with the messy track while others faltered, Always Dreaming broke smoothly from the gate and patiently stalked the lead for the first half of the 1 1/4 mile classic before taking charge going into the far turn. Read More »

Congress puts airlines on notice about customer service


Police were summoned, and Dao, 69, was dragged bloodied from the flight. United Airlines Inc executives will visit Capitol Hill on Tuesday to face lawmakers' questions about the forcible removal of a passenger on an overbooked flight last month, an incident that provoked worldwide outrage.United Chief Executive Oscar Munoz's appearance before the U.S. Read More »

Buffett downplays value clash between Berkshire, cost-cutting 3G

Wells Fargo, whose largest shareholder is Berkshire with a 10 percent stake worth roughly $27 billion, gave employees too much autonomy to engage in "cross-selling" multiple products to meet sales goals, Buffett said. Buffett defended Berkshire's foray into airlines, where it is a top investor in American Airlines Group Inc., Delta Air Lines Inc., Southwest Airlines Co. Read More »

Buffett faults Wells Fargo laxity in sales scandal

Buffett said he still believes in the long-term prospects of the bank even though Wells Fargo mishandled the scandal. He also noted that other developed countries appear to have found better ways to contain medical costs. A senior executive named Matthew Raphaelson wrote in an email that it was "mind boggling to me it's so low-I think it shows our [employees] are significantly more ethical than the general population (no data whatsoever to back that up, just impressionistic comment!)". Read More »

Buffett: GOP Health Care Bill a Tax Cut for the Rich

The meeting also included discussions about Berkshire's succession plans, its controversial partnership with Brazilian firm 3G Capital, and whether it will start paying dividends or make a monster acquisition. Warren Buffett on Saturday (Shenzhen: 002291.SZ - news ) faulted Wells Fargo (Swiss: WFC-USD.SW - news) & Co's previous management for failing to take action immediately upon learning that its employees were signing up customers for accounts they did not want. Read More »

Obamacare Vs. American Health Care Act: Here's Where They Differ

Since discussions about repealing the Affordable Care Act began, the US Bishops have repeatedly called for Congress to honor key moral principles in health care reform. Unless you spent yesterday in a salt mine, you know that the U.S. House of Representatives passed a bill radically altering the Affordable Care Act. Read More »

Narine, Lynn star in KKR's resounding win over RCB

The star studded team haviing Virat Kohli, Chris Gayle, AB De Villiers and Kedhar Jadhav. Head (75 off 47 not out), who is playing in place of Shane Watson, and Mandeep stitched together a 71-run stand for the fourth wicket to stem RCB's rot and at the end it was about the Australian's big hitting. Read More »

Cops and youths clash on fringes of marches

Mr Macron declared: "I will not forget anything and I will fight to the last second, not only against her project but against the idea she has of democracy and the nation". 9,000 police and soldiers were on the streets of Paris for the May Day marches. One of Macron's toughest tasks is to persuade those who backed the far-left candidate Jean-Luc Mélenchon, to transfer their support to him. Read More »

Penalty under realty Act applies to current projects too


The homebuyers in Gurgaon have chose to challenge the real estate regulatory authority (RERA) in court if the Haryana government does not adopt suggestions and implement the draft bill in its present form. He stated that the law does not provide for penalties on delays that took place in completion of projects before this Act came into force. Urban Development and Urban Housing Department has notified the final set of rules for RERA. Read More »

Trump Administration Loosens Obama School Food Rules


The previous standards were adopted as part of the Obama administration's campaign against childhood obesity . Marion Nestle, a nutrition and public health expert at New York University, said the organization's position papers show that SNA "now fully represents the interests of its corporate food industry donors". Read More »

Delta 'sorry' for booting family off a plane over seating mix-up

And, they are ready to talk to the family to better comprehend what had actually happened and came to a resolution. A Southern California father said he and his family were booted from a Delta flight after they declined to give up a seat they had bought for their teenage son and were attempting to use for his 2-year-old sibling. Read More »

Trump thinks Australia 'has better health care' than the US. He's 'right.'


Australia has a single-payer, Medicare-style health-care system and the House had just voted earlier in the day to move the US system closer to a private market system. "We will take this pathetic healthcare bill, throw it in the garbage can and do something that will work for ordinary Americans instead", Sanders said in a second Saturday tweet. Read More »