Money


Record 32.2 million people now in work in the UK Record 32.2 million people now in work in the UK
- January 25, 2018

Average weekly earnings for employees in nominal terms (not adjusted for inflation) increased by 2.5% including bonuses, and 2.4% excluding bonuses compared to a year earlier. The overall number of people out of work fell by 3,000 to 1.44 million, which is 160,000 lower than a year ago. Matthew Percival, CBI head of employment, said: "While it's encouraging to see a return to jobs growth, and pay marginally increasing, higher inflation means living standards remain under pressure". (more...)
Senate confirms Powell as next Federal Reserve chairman Senate confirms Powell as next Federal Reserve chairman
- January 25, 2018

The stronger economy, which will get a boost this year from the recently enacted tax cuts, is exerting pressure on the Fed's monetary policymakers to more rapidly increase interest rates. The U.S. has already withdrawn from the Trans-Pacific Partnership, a 12-nation trade deal, and this week a sixth-round of negotiations will be held in Canada to focus on the North American Free Trade Agreement (NAFA), which Trump has also threatened to withdraw from. (more...)
Starbucks Using Tax Cuts to Improve Pay, Benefits for Workers Starbucks Using Tax Cuts to Improve Pay, Benefits for Workers
- January 25, 2018

For store partners, Starbucks has also expanded their parental leave policy to include all non-birth parents with up to 6 weeks of paid leave when welcoming a new child. Apple Inc. said earlier this month that it's giving most of its staff a $2,500 bonus. Starbucks baristas have previously complained about being paid too little, Business Insider reported . (more...)
AT&T chief calls for 'Internet Bill of Rights' AT&T chief calls for 'Internet Bill of Rights'
- January 25, 2018

But AT&T's call for websites to face the same rules as ISPs continues a strategy employed by the broadband industry and Republicans. The FCC last month voted to eliminate the rules against ISPS blocking, throttling and paid prioritization , saying the Federal Trade Commission could sufficiently police conduct that was anticompetitive of unfair without those proscriptive rules. (more...)
United States defends trade barriers ahead of Trump's visit to World Economic Forum United States defends trade barriers ahead of Trump's visit to World Economic Forum
- January 25, 2018

Asian shares are set to open lower Thursday after Trump administration official's rhetoric on trade and the dollar roiled financial markets, sending the USA currency to its lowest level in three years and whipsawing stocks that had been buoyed by strong earnings . (more...)
New Jersey to Join Lawsuit to Protect DACA 'Dreamers' New Jersey to Join Lawsuit to Protect DACA 'Dreamers'
- January 25, 2018

It was nearly an act of defiance, an unauthorized immigrant, a 27-year-old "Dreamer" who could be deported if Congress can't fix the DACA program , was sworn in Wednesday by New Jersey's attorney general and congratulated by the governor. President Trump said at the time that a lawsuit from a separate group of states challenging DACA threatened to dismantle the program and that the six-month window he was providing gave Congress a chance to devise a fix. (more...)
Kimberly-Clark celebrates the Trump tax cuts with massive layoffs, share buybacks Kimberly-Clark celebrates the Trump tax cuts with massive layoffs, share buybacks
- January 25, 2018

Kimberly Clark Corp (NYSE:KMB) opened at $117.84 on Wednesday. It has underperformed by 16.38% the S&P500. Presima Inc decreased its stake in Prologis Inc (PLD) by 4.5% based on its latest 2017Q3 regulatory filing with the SEC. 282.75 million shares or 0.59% less from 284.42 million shares in 2017Q2 were reported. Fiduciary Trust Company holds 17,129 shares. It also reduced its holding in Bard C R Inc (NYSE:BCR) by 1,911 shares in the quarter, leaving it with 36,574 shares, and cut its ... (more...)
Toys R Us closing 180 stores, 2 in Alabama Toys R Us closing 180 stores, 2 in Alabama
- January 25, 2018

It is part of an overall plan to close 20 percent of its US stores, or 180 locations, within months. On Tuesday, it filed plans to close the stores , which is expected to begin in early February after approval from a U.S. But Toys R Us took a hit over the holidays. The company also contended with heavy debt, stemming from a leveraged buyout in 2005, according to FOX Business . (more...)
Burger King Has an Opinion on Net Neutrality Burger King Has an Opinion on Net Neutrality
- January 25, 2018

The video ends with a message scrolled across the screen. "The same for everyone", the video says. It's an unmistakable reference to U.S. Federal Communications Commission chairman Ajit Pai , who wields a large mug emblazoned with the Reese's image at agency meetings. (more...)
Trading Watch: Scanning the Levels for Comcast Corporation (NASDAQ:CMCSA) Trading Watch: Scanning the Levels for Comcast Corporation (NASDAQ:CMCSA)
- January 25, 2018

Other large investors have also recently made changes to their positions in the company. It also reduced its holding in Abbott Labs (NYSE:ABT) by 6,459 shares in the quarter, leaving it with 380,898 shares, and cut its stake in Procter And Gamble Co (NYSE:PG). (more...)
TPP Nations To Sign New Deal On March 8 TPP Nations To Sign New Deal On March 8
- January 25, 2018

The agreement comes after Canada made worldwide news when Prime Minister Justin Trudeau refused to agree to the proposed TPP11 - so named because 11 countries are included - at a conference in Vietnam in November. Canada returned its backing to the TPP after nearly pulling off a Trump last November in a bid to protect its cultural industries, such as movies, TV and music. (more...)
North Korea, South Korea and the Olympic Games Blog Sports Shorts North Korea, South Korea and the Olympic Games Blog Sports Shorts
- January 25, 2018

As this is clearly a propaganda grab by the North Korean government to glorify itself in front of the worldwide community, it could end up sparking a confrontation between the two Koreas at the worst possible time. While some see Kim's outreach as a ploy to weaken USA -led global pressure and sanctions, Seoul wants better inter-Korean ties and sees improved ties as a path toward talks to help ease the North Korean nuclear standoff. (more...)
Pakistan condemns drone strike in Kurram Pakistan condemns drone strike in Kurram
- January 25, 2018

Pakistan has repeatedly said drone strikes on its soil are a violation of its sovereignty and detrimental to cooperation with the US. Daily Pakistan reported quoting local media outlets that the drone launched two missiles hitting a house in Dappa Mamazoi area in which Haqqani Network commander Ehsan alias Khawari and his two companions were killed. (more...)
Bank of America ends popular checking account for low-income customers Bank of America ends popular checking account for low-income customers
- January 25, 2018

But the bank discontinued eBanking for new customers in 2013. The bank introduced the account in 2010, at a time when expected new federal regulations were predicted to limit many fees the industry had been charging. Economist John Connaughton said checking accounts cost banks money and, with the economy improving, said customers can expect higher bank fees . Bank fees putting a dent in your wallet? "It hurts people and keeps them down", a third signer said. (more...)
Crude oil futures jump to Rs. 4084 per barrel Crude oil futures jump to Rs. 4084 per barrel
- January 25, 2018

The EIA report also showed that total product demand over the last month averaged 20.5 million barrels per day, up by 8.1% from the same period previous year. The tighter fundamentals lifted both crude futures benchmarks about 13pc above levels in early December, helped by production curbs by OPEC and Russian Federation, as well as by healthy demand growth. (more...)
Google X is launching a cybersecurity company called Chronicle Google X is launching a cybersecurity company called Chronicle
- January 25, 2018

Acquired by Google in 2012, VirusTotal is a malware intelligence service that will continue to operate within Chronicle as it has in recent years. Gillett notes that it will run on Alphabet's infrastructure and use machine learning and advanced search capabilities to help businesses analyze their security data. (more...)
Hot Stocks under Consideration: Puma Biotechnology, Inc. (PBYI), Citrix Systems, Inc. (CTXS) Hot Stocks under Consideration: Puma Biotechnology, Inc. (PBYI), Citrix Systems, Inc. (CTXS)
- January 24, 2018

Ascend Capital Llc who had been investing in Puma Biotechnology Inc for a number of months, seems to be bullish on the $3.53B market cap company. About shares traded. Condor Cap Mngmt owns 29,121 shares. Barclays initiated coverage on Puma Biotechnology in a research report on Wednesday, September 6th. (NASDAQ:PBYI). (more...)
Germany Mid-Air Collision of Plane, Helicopter Leaves 4 Dead Germany Mid-Air Collision of Plane, Helicopter Leaves 4 Dead
- January 24, 2018

There are no reports of whether there were more casualties on the ground. DRF said the victims were the two helicopter pilots and the two occupants of the plane. Emergency services are now working at the scene. "We do not yet know who was in which aircraft", a police spokesman was quoted as saying by German broadcaster Deutsche Welle. (more...)
Sainsbury's announces major changes with THOUSANDS of jobs at risk Sainsbury's announces major changes with THOUSANDS of jobs at risk
- January 24, 2018

The shake-up will not directly affect job numbers at the chain, but staff will be given the choice of applying for the new roles, accepting a more junior position or opting for redundancy. Unite the Union's Taryn Trainor said: "The positions of store supervisor, team leader and deputy manager are set to disappear across the United Kingdom on June 11th as part of restructuring plans announced by Sainsbury's management [on Tuesday]". (more...)
Do You Have Eli Lilly and Company (NYSE:LLY) In Your Portfolio?
- January 24, 2018

Marietta Investment Partners Llc who had been investing in Walt Disney Co for a number of months, seems to be less bullish one the $167.46B market cap company. The stock of NetApp, Inc. The firm has "Hold" rating given on Friday, September 30 by Standpoint Research. On Friday, October 13 the stock rating was maintained by Morgan Stanley with "Overweight". (more...)

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