• Dow extends record run to fourth straight session riding Trump rally

    Dow extends record run to fourth straight session riding Trump rally

    Finance

    The market rebound comes after a steep drop in the Dow immediately following Trump's defeat of Hillary Clinton on November 8. Futures on the Dow Jones Industrial Average were up 54 points by the end of NY trading. Bank in Park City, Utah. RETAIL DETAILS: Retail sales climbed 0.8 percent in October as consumers spent more money on cars and home and garden supplies, among other types of products.
  • Jaguar I-PACE Concept

    Finance

    Jaguar say you'll be able to charge the batteries to 80 per cent in 90 minutes (from a 50kW DC charging point). "The I-PACE represents the next generation of electric vehicle design", said design director Ian Callum. Where the F-Pace's rear lines are smoothed out, the I-Pace's lines are chiselled and more pronounced. Over 500km (310 miles) of NEDC-approved journey distance thanks to 50kW DC charging means the auto will trump Musk's SUV by around 20 miles.
  • Canadians left with worthless rupees after India cancels certain bank notes

    Canadians left with worthless rupees after India cancels certain bank notes

    Finance

    Cash crunch and widespread confusion continued for the third day after Rs 500 and Rs 1,000 notes were scrapped by the government, with serpentine queues and chaos at bank branches and ATMs on Friday. One Vishwanath Vartak, 73, collapsed and died in a queue before an SBI branch at Navghar in Mulund in Mumbai's eastern suburbs, police said. Quoting companies that deploy and manage ATMs, Mint reported that accessing cash has two dimensions: the quantum of money and logistic issues.
  • Trump, McConnell and Ryan: an unlikely new power trio for DC

    Finance

    House Republicans are expected to choose Ryan as their nominee to be speaker this week when lawmakers return to Washington for the first time since late September. It's a far cry from Trump's original promise to deport the millions of immigrants in the country illegally. " Donald Trump's not planning on that".
  • How Did Trump Win Election While Losing Popular Vote?

    Finance

    Trump does not technically become president until the Electoral College votes on December 19. In one tweet that was recently deleted (but can be seen here and here), Trump even called for revolution, saying of Obama: "He lost the popular vote by a lot and won the election".
  • Obama abandons efforts to pass signature Pacific trade deal

    Finance

    Senate Majority Leader Mitch McConnell told reporters this week the Senate would not act on the sweeping trade deal with 12 Asia-Pacific nations in the lame-duck session of Congress and House Speaker Paul Ryan has said the GOP does not have the votes to pass it in the House.
  • Silver Wheaton to Release 3rd Quarter Results

    Silver Wheaton to Release 3rd Quarter Results

    Finance

    The difference between the expected and actual EPS was $0/share, which represents an Earnings surprise of 0%. Leading analysts, on a consensus basis, are anticipating EPS of $0.22 for the quarter. The stock traded in the last session between $79.48 and $80.71 whereas, it's 52-week High Price is $84.30 with respect to its 52-week Low Price of $59.60.
  • Lego ends promo deal with Daily Mail newspaper

    Lego ends promo deal with Daily Mail newspaper

    Finance

    A Daily Mail spokesperson confirmed the end of the commercial agreement but did not address the boycott campaign. Roar Rude Trangbaek, a spokesman for the privately-held company, told The Associated Press that Lego has "no plans to make additional marketing activities with the newspaper".
  • Mamata Banerjee attacks PM Modi, calls demonetisation a 'big black scandal'

    Mamata Banerjee attacks PM Modi, calls demonetisation a 'big black scandal'

    Finance

    She accused the government of being anti-poor and said that this "black decision" has profited only a few money launderers. "Only one percent people hold black money. The Central Board of Direct Taxes (CBDT) had advised the Centre to avoid issuing Rs 2,000 currency notes, saying it would bring more harm to the public than benefit.
  • RBI had plans to issue Rs 5000 & Rs 10000 notes: Arun Jaitley

    RBI had plans to issue Rs 5000 & Rs 10000 notes: Arun Jaitley

    Finance

    The Finance Minister said State Bank of India (SBI) and its affiliates, which handle 20.25 per cent of the total banking transactions in India, have handled transactions worth 2.28 crore in two-and-a-half days by 12.15 pm on November 12. The government has also extended the validity of withdrawn currency for paying public utility bills till November 14. The government, Jaitley said, will consider suggestions on whether to remove surcharge on card transactions, as it aims to move towards a ...
  • Marquez's late goal lifts Mexico over United States 2-1 in qualifier

    Finance

    Marquez scored the winning goal in the 89th minute as Mexico prevailed 2-1 at MAPFRE Stadium, then spoke of his hope that the result would provide a boost to Mexican national pride at the end of a hard week. Jozy Altidore and Bobby Wood were the forwards. "We lost him there". Mexico went ahead after Bradley and Giovani dos Santos battled for the ball 30 yards out.
  • Mexican stocks, peso take a beating following Trump victory

    Mexican stocks, peso take a beating following Trump victory

    Finance

    Pena Nieto, who rejected Trump's demand that Mexico pay for a border wall during the campaign, said the pair had a " cordial, friendly and respectful " phone conversation during which he congratulated Trump on his victory. The rising prospect of a Trump presidency jolted markets around the world Wednesday, sending Dow futures and Asian stock prices sharply lower as investors panicked over uncertainties on trade, immigration and geopolitical tensions.
  • Obama gives up hopes to pass TPP before Trump's swearing

    Obama gives up hopes to pass TPP before Trump's swearing

    Finance

    China already is pushing an alternative to Obama's agreement. And in recent months, the US has experienced an apparent wave of anti-trade sentiment. But as the political season approached and voters registered their concerns by supporting Mr.
  • FAA restricts flights over Trump Tower

    FAA restricts flights over Trump Tower

    Finance

    The FAA's order cites "VIP Movement" as the reason, and the zone is a 2,999-foot floor and 2-mile wide radius around what appears to be Trump Tower on Fifth Avenue. Secret Service, law enforcement and emergency response officials, according to the FAA. The no-fly zone will be in play until Trump's inauguration on Friday 20 January, 2017, when he will move into the White House.
  • Trump Delivers Maiden Address As US President-elect

    Trump Delivers Maiden Address As US President-elect

    Finance

    Obama and Trump met Thursday in the Oval Office. And then if we lose, we learn from our mistakes, we do some reflection, we lick our wounds, we brush ourselves off, we get back in the arena, we go at it. White House Chief of Staff Denis McDonough was spotted by the White House pool taking a walk on the White House grounds with Trump's son-in-law Jared Kushner.
  • Robert Vaughan, suave 'Man from U.NCL.E.' star, dies at 83

    Robert Vaughan, suave 'Man from U.NCL.E.' star, dies at 83

    Finance

    But he'll forever be best known for the part of Napoleon Solo in the late '60s series, "The Man from U.N.C.L.E." - a part played by Henry Cavill in the recent film version. "I was a working actor, but I wasn't a negotiating actor", Vaughn told Entertainment Weekly writer Jeff Labrecque previous year, about his immediate pre-U.N.C.L.E.
  • Trump's infrastructure plans boost Asian markets

    Finance

    Investors had feared Clinton would implement curbs on drug pricing increases that could hurt drugmakers and biotechnology companies. The Dow ultimately climbed 256.95 points, or 1.4 percent, to 18,589.69. This helped the pound rise 0.4 per cent to $1.245 and the euro to edge higher to $1.093. A Malaysian man watches trading boards at a private stock market gallery in Kuala Lumpur on Thursday.
  • Andhra Bank Q2 Net Slumps 80% On Higher NPA Provisioning

    Andhra Bank Q2 Net Slumps 80% On Higher NPA Provisioning

    Finance

    The bank reported a healthy rise in other income at Rs 8,424 crore, up 36 per cent from the same period past year. Interest earned for the quarter rose to Rs 42,318.crore compared with Rs 40,657.56 crore in the same quarter past year. The bank has approved SDR proposals of Rs 2,370 crore during the quarter, it said in its filing. Its capital adequacy ratio is 13.94 per cent. Net NPAs stood at 4.19 percent, up from 4.05 percent in the April-June quarter.
  • Fort Trump: New security measures ring Trump Tower

    Fort Trump: New security measures ring Trump Tower

    Finance

    Military, police emergency and Secret Service flights are exempt. A large group of demonstrators once again gathered outside Trump Tower on Fifth Avenue Thursday night. "We're talking about the next few months and then Donald Trump is going to be living in the White House", Mayor Bill de Blasio said Thursday. Customers can use the 57th Street entrance.
  • Ishaat Hussain New Interim Chairman of TCS, Replaces Cyrus Mistry

    Ishaat Hussain New Interim Chairman of TCS, Replaces Cyrus Mistry

    Finance

    However, the Former Tata Sons Chairman, may not chose to go as quietly every-time. Meanwhile, Hussain is a Tata group veteran. The board then has to appoint the person so nominated. Earlier, he joined the board as an executive director in July 1999. Institutional and retail investors are likely to follow their lead on the matter.
  • Following Trump victory, Californians call for secession

    Following Trump victory, Californians call for secession

    Finance

    In a statement on its website , the group said: "As the sixth-largest economy in the world, California is more economically powerful than France and has a population larger than Poland". Should the Golden State secede? Read further perspectives and vote below! A rally held by the organizers of the campaign on the front steps of the California Capitol in Sacramento on the day after the election was originally scheduled for September 9 to coincide with California's Admission Day ...
  • If elections cost cheaper it's good: Jaitley on scrapping notes

    If elections cost cheaper it's good: Jaitley on scrapping notes

    Finance

    Meanwhile, a Public Interest Litigation (PIL) has been filed in Hyderabad High Court following the ban stating that a sense of confusion and chaos prevailed in the public on exchanging currency notes. "A lot of currency outside the banking system perforce will have to get into the system", Jaitley said at a press briefing here. When asked banks' capital needs would come down with spurt in deposits, Jaitley said: "They will still need money for recapitalisation, but obviously the kind of ...
  • India's shock withdrawal of larger banknotes sparks chaos in cash economy

    Finance

    The bank will remain open for the whole day for withdrawing money. However, tax authorities would keep a close watch on deposits of higher denominations made from illicit sources , black money or crime money. People can go to bank and exchange their money from November 11 to December 30. The 500 and 1000 rupee notes will effectively remove 85% of the total value of the currency in circulation and as much as 22% of the volume of cash in circulation.
  • San Francisco Bay Area approves taxes on sugary drinks

    San Francisco Bay Area approves taxes on sugary drinks

    Finance

    Ballot measures to tax sugary sodas were leading in early returns Tuesday in San Francisco and Oakland, giving possible momentum to a national movement to crack down on sweetened drinks. Soda taxes, originally dreamed up in academic journals, were once dismissed as a fringe idea, possible only in a place as liberal as Berkeley. Prior to the votes on Tuesday, Philadelphia and Berkeley, California , were the only USA cities to have similar measures on the books.
  • Most Indiana counties still have insurance choices

    Most Indiana counties still have insurance choices

    Finance

    Since 2013, uninsured rates have declined at all levels of family income, with the poor experiencing the greatest improvements in health care coverage, according to the report . "There are things that have to be improved and changed", Reagan said. HHS estimates average monthly enrollment in the exchanges will be just 11.4 million in 2017.
  • Is Cempra Inc a Sell? The Stock Declines Again

    Is Cempra Inc a Sell? The Stock Declines Again

    Finance

    Recently some investment brokers have made changes to their outstanding price targets on shares of Cempra , Inc. The stock has "Hold" rating given by Jefferies on Monday, November 7. was upgraded to "hold" by analysts at Zacks. However the company's price to cash per share for most recent quarter stands at 1.20. A panel of federal health advisers has narrowly recommended approval for an experimental antibiotic from Cempra Inc ., a small North Carolina drugmaker.
  • Travis Kelce ejected after tirade, toss of towel at official

    Travis Kelce ejected after tirade, toss of towel at official

    Finance

    The lost score really came back to haunt the Jaguars when they marched 61 yards in nine plays on their next possession to score again. "I can't do that to my teammates, to the (fan base), to myself", Kelce said. Kelce had five catches for 58 yards in the Chiefs' 19-14 win. He referenced Chris Ivory's fumble on the goal line as an example. "I think that the way [the referees] saw it, the video that you saw, was accurate", Bradley said.
  • Yahoo warns Verizon might kill $4.8 billion deal

    Yahoo warns Verizon might kill $4.8 billion deal

    Finance

    Yahoo blames a government for hacking into its computer network saying that its attacker was "a state-sponsored actor". The court cases against Yahoo are listed in a filing with the US Securities and Exchange Commission. Stolen user information included names, email addresses and answers to security questions, but did not include payment card data or unscrambled passwords, according to Yahoo .
  • How Trump's Win Could Hit the Fed's Hopes in December, Boosting Gold

    How Trump's Win Could Hit the Fed's Hopes in December, Boosting Gold

    Finance

    Commerzbank pointed to market indicators showing a sharp drop from Tuesday to Wednesday in sentiment held by market players who believe the Fed would raise rates in December. While many economists dismiss the notion that Yellen may resign under a Trump presidency, few expect him to reappoint either Yellen or Fischer, leading to a wide variety of opinions over the type of replacements he might favor.
  • Rs 36000 crore saved due to DBT scheme, says Modi

    Rs 36000 crore saved due to DBT scheme, says Modi

    Finance

    However, all banks and ATMs will stay shut on November 9th and on November 10 in some places. "Respite for people for the initial 72 hours, Govt hospitals will accept old Rs 500 and 1000 notes till 11 November midnight". You don't have to worry about this. Justifying the last-minute announcement to demonetise the currency notes, a government official said that the move was necessary to stop terrorists and drug cartels "in their tracks".