Markets

Chelsea Clinton embraces role in her mother's campaign

Chelsea Clinton embraces role in her mother's campaign

And while Chelsea also introduced her mother at the 2008 convention, this time she will likely draw on her own new experiences as a mother to try to reintroduce Hillary Clinton to a public all too familiar with her famous family. There was no immediate word of a response from Ivanka Trump . "She's not one of us, the 99 per cent". Chelsea also mentioned, "I don't expect her [Ivanka] to always have to defend her father". Read More

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Major SABMiller investor rejects sweetened takeover offer from InBev

Major SABMiller investor rejects sweetened takeover offer from InBev

The pound has collapsed in value versus the dollar since the June 23 vote, falling more than 10% to 1.31 USA dollars. SABMiller said it would consult with shareholders before formally considering the revised offer. As AB InBev's share price has surged since previous year, this parallel bid has jumped in value from £41.85 to more than £51. The news , which came after the United Kingdom stock market closed, rattled investors in AB InBev and saw its US-listed shares fall by more 3.5pc. Read More

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With iPhone sales sagging, Apple's earnings suffer

According to a recent report Apple's new iPhones will launch as the iPhone 6SE and iPhone 6SE Plus instead of the 7 and 7 Plus. A new dual camera setup in large iPhone 7 Plus variant is also expected to be introduced by Apple . That is higher than consensus for $45.88 billion. Revenue fell for a second straight quarter after a 13-year run of growth. Apple still makes a ton of money, but its primary product - the iPhone, which accounts for about two-thirds of sales - isn't ... Read More

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Twitter posts worst-ever revenue growth, disappointing outlook

Twitter posts worst-ever revenue growth, disappointing outlook

Analysts had a consensus revenue estimate of $606.77 million for the quarter. In the worldwide markets, we expect this number to increase from around 250 million in 2016 to around 315 million by the end of our forecast period. As it positions itself as a news platform, live videos of key events should enhance its offerings. Meanwhile, Twitter Chief Executive Officer and co-founder Jack Dorsey has other challenges, like executive defections and analyst speculation his company may be ... Read More

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Jobless rate reaches double digits in June

Jobless rate reaches double digits in June

Both Emporia and Lyon County saw increases from 3.6 to 4.4 percent, and increases ranged from 0.3 points to nearly 1.5 points month to month. The Research & Planning section of the Wyoming Department of Workforce Services reported today that the state's seasonally adjusted unemployment rate rose slightly from 5.6% in May to 5.7% in June (not a statistically significant change). Read More

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Parliament to vote on renewing Britain's nuclear arsenal

BRITAIN's controversial nuclear deterrent will be renewed after a landmark House of Commons vote last night. Angus Robertson, SNP's parliamentary group leader in Westminster, warned that a "day is fast approaching" when the Scottish nation will hold a referendum to leave the United Kingdom, after they were outvoted in the European Union referendum and again in the Trident vote. Read More

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Kiwi falls ahead of bank update

Kiwi falls ahead of bank update

The kiwi traded at 69.88 U.S. cents at 5pm in Wellington, up from 70.56 late yesterday. The trade-weighted index was nearly unchanged at 75 from 74.97. The Australian dollar fell to an 8-day low of 78.97 against the yen, from yesterday's closing value of 79.29. On housing, the one sticking point that many believe prevented the RBNZ from easing policy at its last meeting, the back acknowledged that "house price inflation remains excessive and has become more broad-based across the regions, ... Read More

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Covered California's Health Plan Rates To Jump Sharply In 2017

Covered California's Health Plan Rates To Jump Sharply In 2017

Consumers facing big premium increases can lower their costs by switching to lower-priced plans, and many have done so. "We're paying more for less", said Jamie Court, the president of Consumer Watchdog in Santa Monica. It will sting, and some fear the rising cost of health insurance through Covered California could too. The low-premium increases over the last two years of 4%, was a complete anomaly based on the historical 20-year averages. Read More

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U.S., China clash over market economy status at WTO

U.S., China clash over market economy status at WTO

Official data showed on Wednesday that China's export declined by almost 4.8 percent in the month of June. Vice President Joe Biden later on Wednesday was due to tout President Barack Obama's trade enforcement record as being more aggressive than past administrations in a speech at the Port of San Diego, with 22 WTO cases filed against trading partners since 2009 - including 16 aimed at China. Read More

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Volkswagen to pay Texas $50 million in civil penalties

Volkswagen to pay Texas $50 million in civil penalties

Lawyers call it the largest auto-related class-action settlement in USA history. Cabraser told reporters Tuesday the main theme of the settlement is "consumer choice". Under the settlement, Volkswagen needs to either fix or buy back 85 per cent of the 475,000 affected diesel vehicles by June 2019 or else it will get penalties of $ 100 million for every percentage that it falls short of. Read More

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Borrowers Rejoice: A Treasury Benchmark Rate Fell To Record Low

Borrowers Rejoice: A Treasury Benchmark Rate Fell To Record Low

The yield on the 10-year Treasury has been near or at record low levels over the past two weeks and it reached an all-time low on Wednesday night at 1.36%. Mark Harris, chief executive of mortgage broker SPF Private Clients, said: 'Falling mortgage rates are great news for borrowers and there is growing expectation of a base rate cut so those who can afford to gamble may be tempted by a cheap tracker rate mortgage instead'. Read More

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Amazon to Showcase 'Superfast Delivery' on Prime Day

Amazon to Showcase 'Superfast Delivery' on Prime Day

Like Black Friday or Cyber Monday, most of the best deals were snatched up in minutes, leaving less aggressive shoppers with a odd assortment of useless items, like a family pack of brass knuckles and plates of ham . Prime Day also kicks off earlier this year with a countdown of extended deals leading up to the big shopping day. Students can get a discount on Prime membership. Read More

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2 suspected extremists detained at Istanbul airport

Prime Minister Binali Yildirim said Monday that police were on high alert and had boosted their presence at Istanbul's airports and metro and railway stations. Two Russian nationals have been identified as suspected Islamic State suicide bombers in the attack, Turkish media said on Friday. But officials have said they believe the three attackers are from Russia, Uzbekistan and Kyrgyzstan, and entered Turkey a month ago from Syria's ISIS stronghold of Raqqa. Read More

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New LA Minimum Wage Kicks In Friday

New LA Minimum Wage Kicks In Friday

The local laws, which kick in Friday, require businesses with more than 25 workers to increase their minimum wage from the state-mandated $10 to $10.50 per hour. Businesses say it's creating a big mess, with different laws in different cities, even for companies already offering strong wage and benefit packages. Read More

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Singapore Airlines jet catches fire, but all passengers safe

Everyone onboard was then safely evacuated. They will be transferred to another aircraft that is expected to depart to Milan later on Monday, the statement read. The cause of the blaze is under investigation. "But I think we are safe for now", one passenger , who captured the video, wrote on Facebook . " Passengers disembarked through stairs and were transported to the terminal building by bus". Read More

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Colts, Luck agree to huge contract extension

Colts, Luck agree to huge contract extension

Owner Jim Irsay helped break the news and he was ecstatic with the numbers for Luck's deal. The Indianapolis Colts and Andrew Luck agreed to a new contract extension for six-years and $140 million on Wednesday. The contract will reportedly pay Luck $25 million for the first three years, according to NFL.com's Ian Rapaport. He passed for 1,881 yards with 15 touchdowns and 12 interceptions while missing nine games with right shoulder, rib and kidney injuries. Read More

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FSOC Takes GE Capital Off List of SIFI Institutions

FSOC Takes GE Capital Off List of SIFI Institutions

Regulators Stateside took GE Capital , General Electric´s finance arm, off their list of "systemically important" firms, potentially opening the way for the company to be able to increase its level of gearing. The fact it came earlier than expected could give GE Capital "some upside flexibility on its $18 billion dividend guidance for this year" and "provides a bit more flexibility on industrial balance sheet leverage", said Morgan Stanley analyst Nigel Coe in a note. Read More

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Bad sales (tax) job in Assembly

The new plan retains the proposed tax cut for retirees, but adds in a reversal of a 1 percent sales-tax increase that was implemented by then-Democratic Gov. That means money would be earmarked to fix roads and bridges across the state. The Senate had adjourned hours earlier, with Sweeney declaring, "We have a bill already". Read More

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