Finance

Why Consumer Inflation May Now Be in the Sweet Spot

Why Consumer Inflation May Now Be in the Sweet Spot Over the last 12 months, the all-items index rose 2.2%. Monthly core inflation , which strips out volatile food and energy costs, rose 0.2%, following a 0.3% increase in January. The Labor Department says the consumer price index increased 0.2 per cent last month, after a sharp 0.5 per cent gain in January. Also, private sector data showed local passenger vehicle sales grew 7.8 percent in Feb... [Full Article...]

When will I get my tax refund?

When will I get my tax refund? The victim was given a case number and a telephone number to call to return the refund. Instead of routing the fraudulent tax refunds to a separate account, the suspects instead direct the funds to the victim's real bank accounts through direct deposit, the IRS says. [Full Article...]

Toys R Us is said to miss vendor payments as woes mount

Toys R Us is said to miss vendor payments as woes mount In January, stores in Cherry Hill, New Jersey and Exton, Pennsylvania became a part of a growing list slated to close after the retailer entered bankruptcy past year. The toy stores could be closing its doors as soon as next week. The retailer is expected to announce this week that it's liquidating its entire USA operation, going out of business, and closing all of its 620 remaining stores. [Full Article...]

Website for millennial railcard crashes

Website for millennial railcard crashes The 26-30 Railcard won't apply to season tickets, Eurostar, and most London Underground and Docklands Light Railway tickets - unless using Oyster pay-as-you-go. The trial of the 26-30 railcard is part of the rail industry's long-term plan to change, improve and boost communities by enabling more people to travel by train. [Full Article...]

RBI discontinues LOUs/LOCs issuance for trade credit for imports

RBI discontinues LOUs/LOCs issuance for trade credit for imports RBI said in a notification, "On a review of the extant guidelines, it has been chose to discontinue the practice of issuance of LoUs/ LoCs for Trade Credits for imports into India by AD Category -I banks with immediate effect". This is with response to a Hindustan Times Report mentioning that Nirav Modi in an email had offered jewelry worth Rs. 2,000 crore, current account deposits of Rs 200 c... [Full Article...]

Dog dies on United Airlines flight after being forced into overhead bin

Dog dies on United Airlines flight after being forced into overhead bin She initially placed the dog under the seat in front of her. Another passenger, June Lara , wrote he was sitting behind the family during the exchange. When the woman was forced to place the dog in the overhead bin, Gremminger exchanged glances with the man next to her. I cried with them three minutes later as she sobbed over his lifeless body. [Full Article...]

Delhi sealing drive: BJP hits back at Arvind Kejriwal, Ajay Maken

Delhi sealing drive: BJP hits back at Arvind Kejriwal, Ajay Maken Cong MPs will raise sealing issue in Parliament along with AAP MPs. Maken said he had suggested that the government effectively tackle the sealing case in the Supreme Court, and added that as the government had so far not approached the monitoring committee, an all party-delegation should meet the court panel to discuss the issue. [Full Article...]

VW assigns 20 bln euros in battery orders, speeds EV push

VW assigns 20 bln euros in battery orders, speeds EV push To ensure adequate battery capacity for this massive expansion, the company has already agreed to partnerships with battery manufacturers for Europe and China and has awarded contracts for a total volume of around Euro 20 billion. As Muller detailed Volkswagen's increasing shift to electric vehicles, it was also reported that after the group's strong earnings in 2017, the company CEO's pay pac... [Full Article...]

Amazon Recalls Six AmazonBasics Power Banks

Amazon Recalls Six AmazonBasics Power Banks Affected AmazonBasics Portable Power Bank models . The report says the recall is being done in partnership with the US Consumer Product Safety Commission , although a recall notice hasn't been posted to their website yet. They measure about 3 inches long by 1.4 inch high by 0.9 inch wide. AmazonBasics portable power bank, with product ID number B000LRK8EVO printed on the back of the unit. [Full Article...]

Batshuayi grabs last-gasp victor

Batshuayi grabs last-gasp victor Having gone without a goal in five matches following his excellent start at Dortmund since arriving on loan from Chelsea, Batshuayi started on the bench for the first time. That's why I was happy. The result lifted Dortmund to 45 points, one behind second-placed Schalke 04, one ahead of fourth-placed Bayer Leverkusen and three in front of Eintracht who have slipped to fifth. [Full Article...]

EU Demands UK Act in 'Good Faith' in Brexit Treaty Revision

EU Demands UK Act in 'Good Faith' in Brexit Treaty Revision However, despite Brexit not actually happening until next year, manufacturers will have to make a decision sooner regarding their future in the UK. The European Commission is expecting to hear from the United States in the coming days how the European Union can avoid USA import tariffs on steel and aluminum, Commission President Jean-Claude Juncker said on Tuesday. [Full Article...]

Bright outlook for Florida hiring, ManpowerGroup says

Bright outlook for Florida hiring, ManpowerGroup says Employers in the Mining & Construction sector report a decline of four percentage points year-on-year, as have those in the Manufacturing sector. Numbers for wholesale and retail hiring outlook were reported at (+26 percent) for 2Q, with a moderate increase of three percent over the previous quarter, and previous year. [Full Article...]

This $10000 3D-Printed Concrete House Took Only 24 Hours to Build

This $10000 3D-Printed Concrete House Took Only 24 Hours to Build These homes aren't part of the "tiny house" movement and you won't see suburbs of these 3D houses popping up across America. At the annual film and innovation festival known as SXSW, the company showed off a 3D-printed house which features a living room, bedroom, bathroom, and curved porch. [Full Article...]

Dick's Sporting Goods Looks Beyond Soft Q4

Dick's Sporting Goods Looks Beyond Soft Q4 This is a down from its earnings per share of $1.32 from the fourth quarter of the previous year. About 5.07 million shares traded. Tributary Capital Management Llc who had been investing in Dicks Sporting Goods Inc for a number of months, seems to be less bullish one the $3.55B market cap company. [Full Article...]

Oil Slips As Higher US Output Looms Despite Dip In Drilling

Oil Slips As Higher US Output Looms Despite Dip In Drilling The West Texas Intermediate or WTI curd was trading at $61.25 a barrel, shedding a total of 11 cents or a total of 0.2% decline from its previous closing prices. "Oil prices fell on the back of concerns that surging USA production ... could push inventories in the US higher", ANZ bank said on Tuesday. Crude oil prices are lower today after falling yesterday. [Full Article...]

UK's sluggish economy to grow a bit more quickly: Hammond

UK's sluggish economy to grow a bit more quickly: Hammond Economic growth in 2017 was recorded at 1.7%, higher than the 1.5% predicted by the OBR in November's Budget, where it expected growth to fall to 1.4% in 2018 and 1.3% in 2019 and 2020. As a result, private debt now amounts to 170% of GDP, providing a far bigger drag on the economy than the much anxious about public debt, which stands at 85%."Despite Philip Hammond's cheerier outlook, there is n... [Full Article...]

Peel Hunt Reaffirms Add Rating for Esure Group (ESUR)

Peel Hunt Reaffirms Add Rating for Esure Group (ESUR) About 416,068 shares traded. Stamps.com Inc. (STMP) has risen 54.88% since March 9, 2017 and is uptrending. Equity analysts at Numis have GBX 600.00 target price on TP Icap Plc (LON:TCAP). Nomura Asset Management Limited reported 53,470 shares. LivePerson, Inc. provides mobile and online business messaging solutions that power digital communication between brands and consumers. [Full Article...]

$470 billion trade war looms over OECD's optimistic global outlook

$470 billion trade war looms over OECD's optimistic global outlook Global economic growth accelerated previous year as higher investment and falling unemployment drove pickups in most major economies. On its latest forecasts, the OECD said "stronger investment, the rebound in global trade and higher employment are helping to make the recovery increasingly broad-based". [Full Article...]

Tata Sons said to raise $1.38 billion in upsized TCS offering

Tata Sons said to raise $1.38 billion in upsized TCS offering Tata Sons , the promoter of major operating companies of the Tata group , is planning to raise around Rs 8,200 crore by selling stake in IT major TCS, according to investment banking sources. The conglomerate has been planning to raise its ownership over time in five of its largest businesses including Tata Chemicals Ltd. and Tata Steel Ltd., Bloomberg News reported past year. [Full Article...]

Oil prices fall on relentless rise in United States crude output

Oil prices fall on relentless rise in United States crude output Oil prices gave up earlier gains today as rising U.S. output loomed over markets, despite a slowdown in rig drilling activity. While Friday's jump helped push prices higher for the week, futures are still below their peak in January, with the market struggling to recoup losses from last month's broader market slump. [Full Article...]


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