US retail sales slide 0.3 percent, biggest drop in 16 months

US retail sales slide 0.3 percent, biggest drop in 16 months May's decline was the largest since January 2016 and confounded economists' expectation for a 0.1% gain. Despite the sales decline in May, retail sales continue to increase moderately as the economy steadily grows. Department store sales tumbled 1.0 percent, the largest drop since July 2016. Andrew Hunter, US economist at Capital Economics , said: "A good part of the weakness in headline reta... [Full Article...]

Soup Nazi-inspired company files for bankruptcy

Soup Nazi-inspired company files for bankruptcy He and his NY soup stand were the inspiration for the " Seinfeld " character, with the catchphrase " No soup for you! ". Soupman, the New York City food company made famous by the popular Seinfeld TV sitcom, has sought bankruptcy court protection, weeks after its chief financial officer was indicted on federal tax evasion charges. [Full Article...]

'The Most Interesting Man In The World' has graduated to tequila

'The Most Interesting Man In The World' has graduated to tequila He doesn't mention Dos Equis in the ad , or how interesting he used to be - and if push came to shove, it's probably best to say he's "maximally intriguing", since neither Astral nor Goldsmith has any claim whatsoever on the Most Interesting Man. [Full Article...]

Attorney General Jeff Sessions to publicly answer questions on Russia probe

As late as Sunday, the Justice Department signaled it expected Sessions testimony to be closed but said the final decision was up to the committee. Sessions recused himself from the inquiry in March after media reports that he had been in two previously undisclosed meetings previous year with Russian ambassador Sergei Kislyak. [Full Article...]

Fed raises rate, plans balance sheet reduction

The decision, widely expected by financial markets, took the USA central bank's main rate to a target range of 1% to 1.25% and represented its fourth upwards move since December 2015 when it declared the financial crisis hangover at an end. [Full Article...]

The Fed Just Gave the Economy Another Thumbs-Up

The Federal Open Market Committee agreed to raise its benchmark borrowing rate by one-quarter of a percentage point, to a range of between 1.0 and 1.25 percent. Fed Chair Janet Yellen is expected to comment on the decision at 2:30 p.m. The Federal Reserve approved its second rate hike of 2017 this year amid expectations that inflation is running well below the central bank's target. [Full Article...]

Sensex gains 52 points, Nifty advances as inflation cools off

Sensex gains 52 points, Nifty advances as inflation cools off Market breadth was negative with 770 advances against 907 declines. The BSE mid-cap Index is trading down 0.11% at 14782, while BSE small-cap Index is trading up 0.33% at 15569. The Nifty is trading at 9,609.90 points in the morning. Some buying activity is seen in Energy, Bankex and Capital Goods indices, while FMCG, Telecom and Metal are showing weakness on BSE. [Full Article...]

Fed hikes key rate and unveils bond trimming plans

Fed hikes key rate and unveils bond trimming plans The Dow Jones closed up 0.22% at 21,374.56, while the wider S&P 500 index fell 0.10% to 2,437.92. A retreat in inflation over the past two months has caused jitters among some Fed officials who fear that the shortfall, if sustained, could alter the pace of future rate hikes . [Full Article...]

UPS says employee shoots, injures 4 at San Francisco center

UPS says employee shoots, injures 4 at San Francisco center The deadliest mass shooting in modern USA history occurred in June 2016 when a gunman claiming allegiance to the Islamic State militant group killed 49 people at the Pulse nightclub in Orlando, Florida. He says officers didn't fire at the gunman, but that he shot himself when they confronted him. The incident led to rapid action by the police and the locals were asked to avoid the crime area. [Full Article...]

Important Analyst Opinions:: General Electric Company (GE)

It has outperformed by 1.56% the S&P500. Zacks Investment Research upgraded El Paso Electric Company from a "hold" rating to a "buy" rating and set a $54.00 price target for the company in a research note on Tuesday, March 14th. Farrell Brad also sold $248,040 worth of Two Harbors Investment Corp (NYSE:TWO) shares. Glenview Savings Bank Tru Dept accumulated 155,216 shares. Shares for $4.72M we... [Full Article...]

Chelsea 1st to visit Tottenham at Wembley in Premier League

Bet Victor have priced the Premier League heavyweights at odds of 4/1 to sign the 20-year-old before the September 3 deadline. Three weeks before that sees a mouthwatering couple of derbies with Liverpool hosting Everton and the Manchester derby - Pep Guardiola's City travelling to take on Jose Mourinho's United at Old Trafford. [Full Article...]

Corte Ue: "Quello di soia non è latte"

Corte Ue: Questo, in estrema sintesi, quanto deciso dalla Corte di giustizia dell'Unione europea di Strasburgo in una causa che vede coinvolto un produttore di alimenti vegetariani e vegani , prodotti puramente vegetali con le denominazioni 'Soyatoo burro di tofu' , 'formaggio vegetale', 'Veggie-Cheese', 'Cream', e con altre denominazioni simili. [Full Article...]

Fed cuts inflation, unemployment rate forecasts

The policymakers signaled that they still expect to raise rates once more in 2017. The job market - with unemployment at a 16-year low of 4.3 percent - has improved to such an extent that the Fed is thought to feel it's time to modestly raise its benchmark rate again. [Full Article...]

Telstra to cut 1400 jobs

Telstra to cut 1400 jobs The downsizing equates to roughly 4 percent of Telstra's workforce - as of December 2016, the company had the equivalent of 32,551 full-time workers on its staff. The news comes less than a year after the telco cut hundreds of customer service jobs nationwide. "Some of the jobs we do today will no longer exist and new roles will need to be created to focus on new technology driven by expansion... [Full Article...]

Fed raises rates, gives details on balance sheet reduction

United States short-term interest rate futures pared earlier gains on Wednesday after the Federal Reserve delivered a widely expected policy rate hike and provided details on its plan to trim its massive balance sheet . Despite declining risk premiums across the board due to central banks' bond buying schemes, yield opportunities are still available in the global credit market - depending... [Full Article...]

Moody's downgrades MTN's credit rating

Moody's downgrades MTN's credit rating Power utility Eskom has noted Moody's decision to downgrade it to Ba2 from Ba1. Eskom's long-term CFR has gone to Ba2 from Ba1 and the zero coupon eurobonds to Ba2 from Ba1 in line with the CFR. Moody's said the primary reason for the downgrade was weakening credit and macro profile of the South African government exerting pressure on banks in what it said was a challenging operating environ... [Full Article...]

Warriors' Game 5 win wraps up highly-watched NBA Finals

Rihanna, 29, has been a very public fan of James since his first championship with the Miami Heat in 2012. Police issued more than 40 citations and towed at least 30 cars that were driving recklessly on city streets following the Golden State Warriors championship win. [Full Article...]

Gunman shoots congressman, police at Virginia baseball practice

Gunman shoots congressman, police at Virginia baseball practice This is incredibly sad, but I am also so grateful for the extraordinarily fearless Capitol Police officers who put themselves in harm's way to prevent a massacre . Rep. Jared Huffman, D-Calif., said his team was practicing when they heard about the attack on the Republicans . I probably heard 50 to 60 shots. Sen. [Full Article...]

Madrid wanted me when I was 14, says Mbappe

Madrid wanted me when I was 14, says Mbappe The guys respond to your tweets about England's hopes at the World Cup, Kylian Mbappe and Mamadou Sakho. Reports have claimed that Jose Mourinho, keen on finding a more mobile Zlatan Ibrahimovic replacement, had lined up a world record offer of £113m to secure the 18-year-old's signature. [Full Article...]

US consumer prices dip 0.1 percent in May

US consumer prices dip 0.1 percent in May As per data released by the Central Statistics Office (CSO) on Consumer Price Index ( CPI ), retail inflation was dragged lower by a sharp fall in prices of pulses, cereals and perishable items. The BoE has said it will tolerate inflation above its target of 2 per cent because so far there has been no knock-on effect on pay which could generate a longer-lasting inflation problem. [Full Article...]

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