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Powell defends rate hikes amid criticism and confusion

For the week, the S&P gained 0.87 percent, the Dow added 0.47 percent and the Nasdaq jumped 1.66 percent. This gradual approach is the wisest policy for the Fed as it tries to navigate between the risks of raising rates too fast, thus "needlessly shortening the expansion", and moving too slowly and risking an overheated economy. [Full Article...]

S&P 500 reaches longest bull market in USA history

S&P 500 reaches longest bull market in USA history The Dow Jones Industrial Average has grown around 300 percent . The S&P 500 industrial index rose 0.8%. The prior record was held in the bull market that ran from October 1990 and ended with the popping of the tech bubble in March 2000. [Full Article...]

Nafta Talks Near Accord on Key Points, Mexican Official Says

Nafta Talks Near Accord on Key Points, Mexican Official Says Little has been said publicly about the content of those talks, but Canadian officials and other sources suggested they have focused on US demands around the automotive sector - issues of particular concern to the States and Mexico. U.S. House Speaker Paul Ryan, who is not running for re-election, has said the deadline has passed to get an agreement through this Congress, signalling strongly any U... [Full Article...]

Trump demands Fed help on economy, complains about interest rate rises

Trump demands Fed help on economy, complains about interest rate rises Powell characterized the US economy as very healthy and said the Fed expects growth and hiring to continue. Fed Chairman Jerome Powell, due to speak on Friday, is expected to signal rate hikes will continue, given 3.9 percent unemployment and inflation that is now near the Fed's 2 percent target. [Full Article...]

Sears to close in College Station

Sears to close in College Station Sears said eligible employees will receive severance and will be able to apply for open positions at other Kmart or Sears stores . One location in MI is on the chopping block: Sears at the Jackson Crossing Shopping Center off I-94 in Jackson. [Full Article...]

China shifts to Iranian tankers to keep oil flowing

China shifts to Iranian tankers to keep oil flowing The Iranian supply cut may also be more than compensated for by production increases outside oil cartel Opec. Saudi Arabia, the largest producer of OPEC, has enlarged oil production to offset supply disturbance in other parts, including the expected loss of Iranian oil supplies following U.S. [Full Article...]

European Union minister: Brexit vote could 'in theory' be reversed

European Union minister: Brexit vote could 'in theory' be reversed There will also be fixes so that expats will be able to access their pensions, while the government will commit to underwrite European Union funding for aid and other projects that could be withdrawn. The co-founder of the Superdry clothing brand said his donation to People's Vote would be used to bankroll one of the biggest polling exercises undertaken in the United Kingdom, in support of their d... [Full Article...]

Pixel 3 XL camera samples just leaked, and they look fantastic

Pixel 3 XL camera samples just leaked, and they look fantastic Google is expected to release the next generation of Pixel phones at some point in the next few months, with a retail launch due before the holiday season kicks into full swing. We do not know how much RAM or storage the two phones will offer. If that's not enough, one of the image also shows the "About Device" page under Settings. [Full Article...]

Putin: US sanctions 'counterproductive, senseless'

Putin: US sanctions 'counterproductive, senseless' Testifying on Tuesday before the U.S. Senate Foreign Relations Committee, U.S. Assistant Secretary Marshall Billingslea said sanctions can't be the only tool in the U.S. The move follows sanctions on a Russian port service company and several Chinese businesses for taking part in illegal shipments of alcohol, tobacco, and cigarettes to North Korea, which is under United Nations sanctions as well a... [Full Article...]

Pepsi is buying SodaStream for $3.2 billion

Pepsi is buying SodaStream for $3.2 billion The Pepsi logo is pictured in Irwindale, California, US, July 11, 2017. SodaStream's product allows people to make their own fizzy drinks at home, adding carbonation to drinks like flavored water and fruit drinks . PepsiCo's acquisition marks another step in its "Performance with goal journey", which promotes health and wellness through environmentally friendly, cost-effective and fun-to-use be... [Full Article...]

S.Africa inquiry opens into alleged graft under former president

S.Africa inquiry opens into alleged graft under former president The long awaited inquiry into state capture finally got under way on Monday. The probe's focal point would be Zuma's alleged relationship with the Guptas, a wealthy Indian business family accused of wielding undue political influence. Mr Zuma's son, Duduzane , woked for the Guptas and has also been implicated in the allegations. The hearings by a panel led by the country's second highest judg... [Full Article...]

Stocks hit all-time highs for the first time since January

Stocks hit all-time highs for the first time since January The S&P rose as much as 0.6 percent to a record intraday high of 2,873.23 points, topping its previous record high of 2,872.87 on January 26, though it closed below both those marks. Volume on US exchanges was 5.86 billion shares, compared with the 6.49 billion average over the last 20 trading days. Advancing issues outnumbered declining ones on the NYSE by a 2.04-to-1 ratio; on Nasdaq, a 2.66-t... [Full Article...]

All the latest from the Crazy Rich Asians Singapore red carpet

All the latest from the Crazy Rich Asians Singapore red carpet Mr Kwan is therefore wanted for defaulting on his NS obligations. The defence ministry said Kwan sought to renounce his Singapore citizenship in 1994, but his application and a subsequent appeal were rejected due to his failure to complete national service. [Full Article...]

Trump complains about interest rate rises

Trump complains about interest rate rises The Fed has increased raised interest rates twice this year and is expected to do so again next month. "The Federal Reserve is an independent board of governors, and they will be independent". "This can only happen to Trump", the president reportedly joked. "It would appear that Mr. Trump would like to keep the us dollar a little on the weak side in order to remain competitive", said CMC Mar... [Full Article...]

US Embassy in Turkey targeted by gunfire

US Embassy in Turkey targeted by gunfire In a pre-recorded address to mark the four-day Eid al-Adha festival, which starts on Tuesday, a defiant Erdogan said the aim of the currency crisis was to bring "Turkey and its people to their knees". "To President Erdogan and the Turkish government, I have a message on behalf of the president of the United States of America - release Pastor Andrew Brunson now or be prepared to face the cons... [Full Article...]

Paul Manafort, former Trump campaign chief, found guilty of eight counts

Paul Manafort, former Trump campaign chief, found guilty of eight counts Cohen's offices were raided in April by federal investigators looking into his financial dealings, including his alleged practice of paying women to stay silent about claims they had affairs with now-President Trump . Cohen said in late July that he was willing to tell Special Counsel Robert Mueller about the knowledge of this meeting. Fox reported he made the statements as part of a plea... [Full Article...]

U.S. Government Bonds Fall as Investors Weigh Trump’s Fed Rate Comments

U.S. Government Bonds Fall as Investors Weigh Trump’s Fed Rate Comments The Fed has been gradually raising interest rates since the end of 2015, with five hikes coming under Trump. Tim Scott last week, said he had not spoken to President Trump about interest rates and would remain independent from political interference, the Republican senator said. [Full Article...]

United Kingdom to Call for More Sanctions on Russian Federation

United Kingdom to Call for More Sanctions on Russian Federation The Kremlin said on Tuesday it welcomed statements by U.S. President Donald Trump indicating a desire to cooperate with Russian Federation, but that it would welcome concrete steps to improve relations more. USA administration officials told the Senate hearings that existing sanctions were having an effect on Russia's economy, despite continuing behaviour that concerns Washington. [Full Article...]

Total officially left South Pars deal - Iran

Total officially left South Pars deal - Iran The United States will impose tougher sanctions in November which will target Iran's oil sales and banking sector. Iran's oil minister says the French oil-and-natural-gas company Total has "officially left" Iran amid threats by the United States to impose sanctions against companies that do business in the country. [Full Article...]

Plane with rapper Post Malone blows tires at takeoff

Plane with rapper Post Malone blows tires at takeoff The pilot soon realized what had happened and began circling the airport for about 30 minutes before the jet was diverted. According to reports from TMZ and the Associated Press , Post's plane blew both of its tires shortly after takeoff on its way to the UK. [Full Article...]


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