She commented: "In light of the continued solid performance of the labor market and our outlook for economic activity and inflation, I believe the case for an increase in the federal funds rate has strengthened in recent months". It also bought treasury securities and mortgage bonds worth trillion of dollars in an attempt to boost the economy. "While the move towards another Fed rate hike will likely cause bouts of consternation in investment markets I don't see the same degree of ...
Meanwhile in the Atlantic, Hurricane Gaston strengthened into a category 2 storm on Sunday, with top winds reaching 105 miles per hour. Stay tuned to Time Warner Cable News for our Tropical Updates at:21 after every hour. The center said the disturbance is better defined and producing a large, but disorganized, area of showers and thunderstorms. Once it enters the Gulf, conditions are expected to become more conducive for development.
With this loan, Amtrak will purchase 28 new trainsets for the Acela service on the Northeast Corridor - with approximately 40 percent more seats than now offered on Acela trainsets - providing customers traveling between Washington, DC, through New York, NY and into Boston, MA an increase in the capacity and frequency of the Acela Service.
The EpiPen, an injectable drug that reverses severe allergic reactions, just got a little cheaper for some consumers. The Mylan CEO compared the health care industry to the real estate mortgage crisis of 2008. But often one prescription is not enough. People usually keep a number of EpiPens handy at home, school or work. They also, however, benefit the manufacturer.
Tim Kaine of Virginia, hoping to capitalize on weeks of missteps by her opponent. "What is he trying to hide?". Trump, on the other hand, has refused to release any of his tax returns - a huge departure from political norms. The filing shows that the Clintons paid a federal tax rate of 34.2 percent in 2015. Over the past decade the couple have donated 7.5% of their income to charity, and previous year paid an effective tax rate of 25.6%.
Southeast Asian stock markets were sluggish on Tuesday, ahead of a speech by Federal Reserve chair Janet Yellen on Friday that could offer clues about a USA interest rate hike this year. The Fed is not expected to raise interest rates at its September meeting but Yellen's comments will be dissected for clues on the likelihood and timing of such a hike.
First up is Tropical Storm Fiona, located about 900 miles northeast of the Leeward Islands, and moving quickly to the west/northwest at about 16 mph. Forecasters are giving this system a ten percent chance of formation during the next two days and a 40 percent chance during the next five days.
AMD impressed attendees here in a manner we haven't seen from the company in a decade by achieving a stated goal of delivering a 40% improvement in instruction level parallelism compared to its previous Excavator x86 core. The result was $0.02 off the Zacks consensus estimate which caused a surprise factor of 25%. Overweight rating was given by 2 analysts and Underweight rating was given by 1 analysts.
There are speculations that the Chinese leadership is going to take up the issue with Suu Kyi, requesting her to restart the ambitious project as soon as possible. The state-run China Daily said in an editorial that Suu Kyi's visit showed she was a "political realist" who realises the importance of "reassuring" China.
The Friday address was the third time this week that Mr Trump sought to attract African American voters. "At the end of four years, I guarantee you I will get over 95 percent of the African-American vote." Just as he did earlier this week, he said that Hillary Clinton's policies make life worse for black people.
IAG said it expects to complete the off-market share buyback by mid-October this year. August 19 (BusinessDesk) - Insurance Australia Group's New Zealand division posted a 38 percent slide in annual profit as rampant competition for commercial customers drove down prices and as the country's biggest general insurer faced a higher risk margin on the Canterbury earthquakes.
Biden accused Trump of playing into the hands of Islamist militants in his calls for banning Muslim immigrants, promoting the idea of a clash between Islam and the West. That's when Biden is set to hold his first campaign rally for Clinton. Biden later told the audience that although Donald Trump is the least prepared candidate in history to run for president, what scares him most is Trump's complete lack of interest in learning what he doesn't know.
A utility says fire crews have extinguished a blaze at a power plant along the St. Clair River in MI. No residential evacuations were immediately ordered, but deputy county emergency manager Ken Cummings told the Times-Herald of Port Huron a plan was in place if they became necessary.
Investors swooped in to purchase shares of downtrodden department store Macy's (M) today after the company released better-than-expected second-quarter earnings results. The number of Americans applying for unemployment benefits is expected to have slipped by 4,000 to 265,000 last week, continuing a trend of being below the 300,000 mark for the 75th consecutive week.
It sought to appease frustrated customers by offering refunds and $200 travel vouchers. The airline said it canceled 317 flights Wednesday, though about two-thirds of the 3,100 flights that took off left within 30 minutes of their scheduled departure time.
A monthly report from the Organization of Petroleum Exporting Countries meanwhile showed Saudi Arabian oil production at almost 10.5 million barrels per day in July. Hong Kong opened down but had recovered some ground by mid-morning. Dillard's (DDS), Nordstrom (JWN), NVIDIA (NVDA) and Ruby Tuesday (RT) are among the companies due to release their quarterly results after the close of trading.
None of the content that it's going to produce for Snapchat is going to be exclusive to the messaging service, so it will be up for grabs for other services as well. News that can only be seen on Snapchat. "Together with NBCUniversal, we believe there is a huge creative and commercial opportunity around mobile-first programming and are excited to bring these future formats to our community".
Facebook joins a raft of social networks and publishers who are looking for solutions to ad blocking, including Wired which recently shifted its advertising model to generate revenue from browsers employing ad blockers. Facebook is one of the largest ad-supported social media networks and their move could have an effect on the dynamics of the current ad-blocking issue.
The lowest gas price reported in Valdosta Sunday was $1.77 a gallon at a retailer on US 84, gasbuddy.com said. In the same time period, Georgia's average gas price also fell one cent to $1.98, AAA said. After briefly falling below the $40-per-barrel threshold earlier this week, the price of West Texas Intermediate crude oil recovered back above this benchmark during the second half of the week.
In July, despite its expectations that the job market would continue to strengthen, the Fed made a decision to leave the USA interest rates unchanged for the fifth time this year. The resilience of the labor market was reflected in wages and how many hours people work each week. Bank stocks rose on the prospect of higher interest rates and consumer companies rose as investors hope consumers will have more money to spend.