Finance

Lastly, Canadian stocks are set to open a stronger session on Thursday, as rallying oil prices could drive gains in the energy sector. In stock markets, the commodity-heavy S&P/TSX composite index in Toronto rallied 95.18 points at 15,094.99 in mid-afternoon trading, with the energy sector recording the largest rise, surging by more than eight per cent.
  • Norwegian defeats Russian at World Chess Championship

    Norwegian defeats Russian at World Chess Championship

    Finance

    The other 10 games were draws. The remaining two rounds of the 12 match series were played on Saturday and Monday respectively, but the players were back to where they began, with no progress being made. "It's one of the highest-quality matches on both sides", Lev Alburt, a grandmaster who has followed championship matches since 1954, told the New York Times .
  • Violence agst women 'dramatic' says pope (2)

    Violence agst women 'dramatic' says pope (2)

    Finance

    Ban Ki-moon, United Nations secretary-general, says violence against women and girls imposes "large-scale costs" on families, communities and economies. "I think it's extremely important that we educate women and girls of all ages to understand the warning signs of violent behaviour, so that they are able to spot the red flags early on".
  • Gold coin arrives in Spokane Salvation Army kettle

    Gold coin arrives in Spokane Salvation Army kettle

    Finance

    You get to see a lot of people and hear their stories. "I've had kids and when they were younger, I've always been able to get from The Salvation Army", said David's wife, Diana. "But, the everyday guy, that's going out, guys, gals, and the families, and shopping, they're the ones that are putting in the nickels, dimes, and pennies and it's important that we get the nickels and dimes and pennies because that's what's saying what the community feels", said Beardsley.
  • How the Dow Jones industrial average fared on Wednesday

    How the Dow Jones industrial average fared on Wednesday

    Finance

    The Nasdaq composite added 8 points, or 0.2 per cent, to 5,387. "The main thing about this deal is there's a lot less risk that oil prices go back to $40, or below that", Desjardins senior economist Mathieu D'Anjou said . The broader Topix index closed 0.9 percent higher at 1,483.27. That compares with a 12 per cent increase in NAV for Oil Search and 7 per cent for larger player Woodside Petroleum.
  • How the Dow Jones industrial average fared on Thursday

    How the Dow Jones industrial average fared on Thursday

    Finance

    While the S&P 500 has gained more than 2 percent since the November election on hopes that President-elect Donald Trump's policies will trigger inflation and hasten a rise in interest rates, technology stocks have failed to participate, dropping almost 3 percent.
  • Airbnb agrees to limit private rentals in London, Amsterdam

    Airbnb agrees to limit private rentals in London, Amsterdam

    Finance

    In London , Airbnb is capping the number of nights hosts can rent entire homes to 90 per year. Homeowners in the capital must already apply for planning permission if their property is used for short-term lets of more than 90 days a year, but critics have accused Airbnb of not doing enough to enforce these rules.
  • Starbucks says Schultz to step down as CEO, become chairman

    Starbucks says Schultz to step down as CEO, become chairman

    Finance

    Starbucks CEO Howard Schultz (left) is stepping down next year . Schultz wrote a downbeat memo to staff when Trump won the election: "L$3 ike so many of our fellow Americans - both Democrats and Republicans - I am stunned", he wrote. Schultz, a Brooklyn native, is said to have a personal net worth of $3.1billion, earning him the distinction of being the 595th richest person in the United States, Forbes reported.
  • Freddie Mac: Another Week of Higher Mortgage Rates

    Freddie Mac: Another Week of Higher Mortgage Rates

    Finance

    Market participants were sceptical a full separation from the government was in the offing. The latest result showed the 30-year fixed-rate mortgage (FRM) at an average of 4.03 percent, up from an average of 3.57 right after the election. Fannie Mae and Freddie Mac , which are also referred to as the "government-sponsored enterprises" don't make mortgages. Mnuchin in the interview said that government ownership of the companies displaces private mortgage lending.
  • Stock's Earning Overview: American Eagle Outfitters, Inc. (NYSE:AEO)

    Stock's Earning Overview: American Eagle Outfitters, Inc. (NYSE:AEO)

    Finance

    Deutsche Bank AG raised shares of American Eagle Outfitters from a "hold" rating to a "buy" rating and upped their price target for the company from $17.00 to $22.00 in a report on Monday, August 15th. Markfield holds 810,292 (0.45% of shares outstanding). Stifel Nicolaus's target suggests a potential upside of 19.98% from the company's current stock price.
  • USS Zumwalt breaks down while crossing Panama Canal

    USS Zumwalt breaks down while crossing Panama Canal

    Finance

    When it first left the shipbuilders on a trial run in September, a water leak in the engines prevented the Zumwalt from reaching its destination. It is estimated the repairs could take up to 10 days. The guided missile destroyer was heading southbound through the canal and is now being repaired at former U.S. Naval Station Rodman, according to U.S.
  • Economy up 3.2 percent in quarter

    Economy up 3.2 percent in quarter

    Finance

    The good results are mainly due to increased consumption of households and the state, but also thanks to the 10% increase in exports. Corporate profits declined at a 1.9 percent rate in the second quarter. Residential investment was less of a drag, falling at a 4.4 percent pace, after an initial reading of a 6.2 percent drop, reflecting upward revisions to single-family housing and to data on dealers of building materials and garden supplies.
  • NY to crack down on 'ticket bots'

    NY to crack down on 'ticket bots'

    Finance

    For the first time in its 70-year history, the state's Division of Veterans' Affairs will hire veterans benefits advisers specifically to help veterans in such settings, including homes for veterans operated by the state Department of Health and the State University of NY and others.
  • 20 co-workers to split Powerball jackpot of nearly $421M

    20 co-workers to split Powerball jackpot of nearly $421M

    Finance

    There were three tickets that won the $1 Million Match 5 prize. The winning jackpot ticket was sold in Tennessee . The Powerball drawing had grown since the last victor was drawn on September 17. They don't want to leave their company without nearly two dozen employees, so they are sticking around for now. Today, the group agreed that they'd informed the president of the North American Stamping Group that no one planned to leave immediately.
  • Turkey: 6 people detained after deadly dormitory fire

    Turkey: 6 people detained after deadly dormitory fire

    Finance

    European Affairs Minister Omer Celik, a ruling AK Party lawmaker who represents the surrounding province in the national parliament, said the suspected cause was an electrical fault. Authorities, meanwhile, imposed a temporary media blackout that restricts coverage of the fire, citing public order concerns and possible impediments to the investigation.
  • Trump charges, without evidence, millions voted illegally

    Trump charges, without evidence, millions voted illegally

    Finance

    The Presidential Transition Team did not respond to a question in this regard. Trump taking up the social media with a flood of tweets? almost a dozen? comes a day after the Clinton Campaign said that it would join the Green Party efforts towards recounting of votes in three States of Wisconsin, Philadelphia and MI.
  • HSBC Reaffirms

    HSBC Reaffirms "Buy" Rating for Rio Tinto plc (RIO)

    Finance

    Want to receive stock recommendations on Rio Tinto Plc (NYSE:RIO) as well as the latest stock picks before the Street? Jefferies Group analyst C. Lafemina now anticipates that the brokerage will post earnings per share of $3.47 for the year, up from their prior forecast of $3.41.
  • O'Hare Protester Told Not to Talk to Media

    O'Hare Protester Told Not to Talk to Media

    Finance

    Chicago Ave, demanding $15 and union rights. Chicago police made several arrests near a West Town McDonald, according to a Chicagoist reporter on site, and gave out at least 50 citations, according to NBC . Now, O'Hare workers are taking matters into their own hands with today's practice strike. Organizers have warned of flight disruptions, but the Chicago Department of Aviation and O'Hare's airlines don't believe that will be the case.
  • Overtime Rule Injunction Could Signal Its Demise

    Overtime Rule Injunction Could Signal Its Demise

    Finance

    The new rule forced many small businesses to consider whether to bump workers up beyond the $47,476 threshold, limit overtime work or depend more on freelance workers. U.S. Chamber of Commerce Senior Vice President and National Political Director Rob Engstrom, in a statement to chamber members nationwide, said, "America's small businesses and nonprofits found back and.
  • O'Hare Airport Workers Announce a Strike Just Before the Holidays

    O'Hare Airport Workers Announce a Strike Just Before the Holidays

    Finance

    Prospect Airport Services, AirServ, Scrub Inc. and the city of Chicago employ the workers. The Chicago Department of Aviation said in a statement that it expects no disruption in service. Fast food employees at McDonald's (MCD) restaurants in 340 cities and other supporters have planned rallies at O'Hare, Los Angeles International Airport and Newark-Liberty International Airport on the same day, the union spokesman said.
  • Autumn Statement: Government set to borrow more as economy slows down

    Finance

    The OBR warned that there was greater uncertainty than usual surrounding these forecasts, especially for the last two years of the period, because it does not know the terms on which the United Kingdom will leave the European Union. He attributed the fall to lower investment and weaker consumer demand, driven by greater "uncertainty and by higher inflation resulting from sterling depreciation".
  • Trump supporter rants on airplane, Delta apologizes, AJC reports

    Trump supporter rants on airplane, Delta apologizes, AJC reports

    Finance

    As the man sits back on his seat, the camera pans around the cabin and many passengers appear shocked or uncomfortable over the sudden and unnecessary show of hostility. The shouting man clapped for him. "We've got some Hillary b***hes on here? Donald Trump is your president", the unidentified man added. "Every g-ddamn one of you.
  • Delta sorry for not booting pro-Trump passenger from plane

    Finance

    In a statement , the carrier's management said: "We are sorry to our customers who experienced this disruption". "Our responsibility for ensuring all customers feel safe and comfortable with Delta includes requiring civil behavior from everyone", the statement said.
  • Online sales predicted to reach $8.4 billion over Black Friday weekend

    Online sales predicted to reach $8.4 billion over Black Friday weekend

    Finance

    Eric Denker and his wife, Jalen Denker, of Irvine, take advantage of sales to buy suits for business school interviews at South Coast Plaza in Costa Mesa, Calif., on Black Friday, Nov. 'Online discounts are earlier and a lot bigger than a year ago, ' said Tamara Gaffney, principal research analyst at Adobe Digital Index. "But Cyber Monday may not have as much gas left in the tank".
  • Hammond announces £122bn rise in borrowing as Brexit costs bite

    Finance

    In a keenly awaited budget, he unveiled a package of UK-wide investment projects, including the building of homes and road improvements. "In view of the uncertainty facing the economy, and in the face of slower growth forecasts, we no longer seek to deliver a surplus in 2019-20", Hammond said.
  • Real Madrid Rule Out Sale Of James Rodriguez

    Real Madrid Rule Out Sale Of James Rodriguez

    Finance

    The coach did not say how he would plug the gap caused by the absence of the club's record signing. Instead, it was Sporting who halved the arrears before half-time when a rare misplaced pass from Luka Modric allowed Isma Lopez to cross from the left and Carmona's outstretched leg prodded the ball past Navas.
  • Donald Trump slams Fidel Castro's legacy of firing squads, suffering

    Donald Trump slams Fidel Castro's legacy of firing squads, suffering

    Finance

    His funeral will be held in the southeastern city of Santiago de Cuba. His path, Morales stated, is enviable and his example as the man who practiced more solidarity in the world is unattainable. Obama became the first president in more than 50 years to visit the island nation. Fidel Castro joined two major battles on the African continent - in Angola and Ethiopia at the height of the cold war - as he was convinced that the global stage for the world revolution was happening in Africa.
  • Turkey sacks 15000 more people as part of coup probe

    Turkey sacks 15000 more people as part of coup probe

    Finance

    A senior United Nations official has called the measures "draconian" and "unjustified". Turkey is determined to root out its enemies at home and overseas, Erdogan has said, accusing western nations of siding with the coup plotters and harbouring terrorists.