U.K. lawmakers will begin a two-day debate Tuesday on a bill that could allow Prime Minister Theresa May to quickly trigger the country’s exit process from the European Union. U.K. lawmakers will begin a two-day debate Tuesday on a bill that could allow Prime Minister Theresa May to quickly trigger the country’s exit process from the European Union.
Month: January 2017
Turkey tourism suffering from security worries
Official figures show Turkey’s tourism revenue dropped nearly 30 percent in 2016 from the year before as potential holidaymakers opted to stay away because of the worsening security situation in the country. According to data released by the Turkish Statistics Institute on Tuesday, tourism revenue in 2016 amounted to $22.1 billion – a drop of 29.7 percent from 2015.
Tuesday night deadline for ‘Obamacare’ coverage
Overnight Tuesday is the deadline to sign up for coverage under the federal health care law. Even if the ultimate fate of “Obamacare” is uncertain, there’s been no change for this year.
Carlson Managers Warn Trade War Could Trigger Global Depression
President Donald Trump’s policies may have dire consequences for the U.S. and the global economy, say money managers at hedge fund firm Carlson Capital. The president’s attempts to tax imports and subsidize exports could touch off a depression, money managers Richard Maraviglia and Matt Barkoff warned in a quarterly letter to clients in the Black Diamond Thematic fund.
European Stocks Climb Higher on Solid Economic Data
European stocks rebounded firmly in early Tuesday trading as investors appeared to shrug off concerns over a gathering political crisis in the United States and focused on improving economic conditions. European stocks rebounded firmly in early Tuesday trading as investors appeared to shrug off concerns over a gathering political crisis in the United States and focused on improving economic conditions in the region after sold growth figures from one of its biggest economies.
Nintendo Cuts Profit Outlook as Outgoing Wii U Drags Down Sales
The game developer has already wound down the production of the Wii U ahead of its release of Nintendo Switch. Nintendo cut its profit outlook for the ongoing year after the Japanese game developer reported a sales slump in its Wii U game console which dampened robust performances in the 3DS and the newly-released Super Mario games.
Japan Homes in on Lost Nuclear Fuel With Fukushima Pictures
New photographs show what may be melted nuclear fuel sitting under one of Japan’s wrecked Fukushima reactors, a potential milestone in the search and retrieval of the fuel almost six years after it was lost in one of the worst atomic disasters in history. Tokyo Electric Power Co.
Wal-Mart Takes Latest Shot at Amazon
Wal-Mart Stores will offer U.S. shoppers free two-day shipping on a minimum order of $35 starting Tuesday, its latest attempt to compete with rival Amazon.com popular Prime shipping program. Free shipping will replace ‘Shipping Pass’, Wal-Mart’s existing two-day shipping program that charges shoppers an annual membership fee of $49.
Oil Prices Fall as Rising U.S. Output Offsets OPEC-Led Cuts
Oil prices fell on Tuesday as rising U.S. drilling activity offset efforts by OPEC and other producers to cut output in a move to prop up the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.10 per barrel at 0516 GMT, down 13 cents from their last close.
Fired: Trump Dumps Top Lawyer Who Defied Immigration Order
President Donald Trump fired top federal government lawyer Sally Yates on Monday after she took the extraordinarily rare step of defying the White House and refused to defend new travel restrictions targeting seven Muslim-majority nations. It was another dramatic twist in the unusually raucous roll-out of Trump’s directive that put a 120-day hold on allowing refugees into the country, an indefinite ban on refugees from Syria and a 90-day bar on citizens from Iran, Iraq, Libya, Somalia, Sudan, Syria and Yemen.
Wal-Mart opts for free, faster shipping on necessities
Wal-Mart is replacing a program that offered free shipping but had an annual fee with one that has a lower free shipping threshold and faster delivery as it hopes to answer Amazon’s powerful Prime membership success. The retailer says it will reduce shipping time to two days on 2 million of its most popular essentials like diapers, pet food and cleaning supplies.
Deutsche Bank to pay $425M to settle New York probe
Deutsche Bank will pay $425 million to settle an investigation by a New York state regulator into a $10 billion money laundering scheme. The Department of Financial Services said Monday Deutsche also must hire an independent monitor as part of a consent order for violations of laws involving a “mirror trading” scheme.
Casino mogul Adelson pulls out of Raiders-Vegas stadium deal
Billionaire casino mogul Sheldon Adelson pulled out of a deal Monday to build a $1.9 billion domed stadium for the Oakland Raiders in Las Vegas. The move comes on the heels of a team proposal to pay $1 a year in rent and operate the stadium, and it deprives the project of a chief financial backer as officials seek to bring professional football to Las Vegas for the first time.
Walmart’s latest bid to battle Amazon: Free two-day shipping on 2 million items, without a membership
Walmart announced Tuesday that it is now offering free two-day shipping on millions of items on its website when they’re combined into orders that total at least $35, an aggressive play to snatch e-commerce business away from Amazon.com. One of the cornerstones of Amazon’s online shopping dominance has been its Prime program, in which members pay $99 per year for two-day shipping on many purchases.
Shell’s Divestment Push Reaches Thailand in $900 Million Sale
Royal Dutch Shell Plc will sell its stake in an offshore Thai gas field to a unit of Kuwait Petroleum Corp. for $900 million as the international energy giant continues hawking assets for cash in the midst of a years-long energy slump. Shell reached an agreement to sell two subsidiaries that own a combined 22.2 percent interest in the Bongkot field and adjoining offshore acreage to a subsidiary of Kuwait Foreign Petroleum Exploration Co., the unit known as Kufpec, Shell said in a statement Tuesday.
Buffett Bought $12 Billion of Stock From Election Through Friday
“We’ve, net, bought $12 billion of common stocks since the election,” he said in an interview with Charlie Rose that aired on Friday. Buffett didn’t identify the securities that he picked.
Futures, Asia Lower As Trump Uncertainty Weighs Ahead of Earnings
Futures for U.S. markets pointed toward a lower open Tuesday as investors remain concerned about the turmoil caused by President Donald Trump’s executive order on immigration. The S&P 500 pared 0.25%, the Dow Jones Industrials 0.25% and Nasdaq 0.24% at 11:08 p.m. EST, ahead of Tuesday when a host of companies are set to report earnings.
Walmart’s New E-Commerce Chief: ‘We Are Moving at the Speed of a Startup’
Jet.com founder and now head of Walmart’s U.S. e-commerce business, Marc Lore, is wasting no time in trying to send a message to online foes such as Amazon . Walmart announced a new, free two-day home shipping service on Tuesday.
Why Intel Corporation Is Expecting Another Slow Year for Its Data-Center Group
In the past, the company had set a long-term revenue compounded annual growth rate in this business of 15%, although the company has clearly been unable to hit that target over the past couple of years, recording around 11% growth in 2015 and 8% growth in 2016. Heading into 2017, Intel is now expecting revenue growth in the “high single digits” for DCG — well below its previous 15% target, and even lower than the more relaxed “double-digit growth” goal that management has referred to in the past and now appears to aspire to for the future.
Alphabet, Inc. Is Making an Important Change to Non-GAAP Reporting
But there’s one other item in the company’s most recent quarterly report investors may want to take the time to consider: A key change in the way Alphabet will be calculating its non-GAAP results. In a surprising move, Alphabet explained in its fourth-quarter earnings call that it will no longer exclude stock-based compensation from its non-GAAP results.
Riverside Drive bridge, roundabout open to mixed reactions
A new bridge over the Los Angeles River at Riverside Drive was touted by city leaders Monday for its “modern” pedestrian and bike-friendly features, but noticeably missing from all the fanfare was the support of those who normally advocate for such amenities. Despite the bridge’s protected bike and pedestrian lanes, and its role in filling in a gap in the Los Angeles River bikeway between the San Fernando Valley and downtown Los Angeles, many of the advocates who usually show up to support such improvements were absent from a ribbon-cutting ceremony headlined by Mayor Eric Garcetti and Councilman Gil Cedillo.
Elon Muska s tunnel goals may be too lofty a ” even for the eccentric billionaire
Elon Musk’s SpaceX and Tesla may have revolutionized space travel and electric vehicle design and manufacturing, but experts say his latest lofty goal of increasing tunnel-building efficiency by at least 500 percent is absolutely ridiculous. The Hawthorne-based billionaire began digging a hole – technically, a vertical shaft – next to Space Exploration Technologies Corp. at Crenshaw Boulevard and 120th Street on Friday.
Locals Wary of Modi Budget as Foreigners Sell $6 Billion of Debt
The risk of record borrowings is turning Indian bond investors skeptical going into the government’s budget Wednesday, just as foreign funds exit the market at the fastest pace since 2013. Primary dealers have rescued two of the last four sovereign-debt auctions, as Prime Minister Narendra Modi’s administration is expected to announce an unprecedented 6.25 trillion rupees in gross market borrowings to fund the fiscal deficit, a survey conducted by Bloomberg shows.
Trump Fires Acting Attorney General Sally Yates
President Donald Trump Monday fired acting Attorney General Sally Yates, who defied Trump by refusing to defend his immigration executive order. President Donald Trump on Monday night fired acting attorney general Sally Yates, who had hours before ordered the Justice Department not to enforce Trump’s executive order imposing bans on immigration from certain largely Muslim countries.
Related Article: There May Be a Buying Opportunity When Pfizer Shares Hit This Important Level
Shares of Pfizer have been on the decline, losing some 5% from its January 5 high of $33.61 a share. Shares of Pfizer have been on the decline, losing some 5% from its Jan. 5 high of $33.61 a share.
1 Key Reason NVIDIA Corporation Stock Could Fall
Large-cap stocks simply don’t increase 280% in a single year without a clear and meaningful catalyst. That’s exactly the case with graphics semiconductor giant NVIDIA As you’ll see, NVIDIA’s central role in several of the fastest-growing markets in technology should fuel its continued revenue and profit growth for years to come.
Fmr. President George H.W. Bush Gets Special Super Bowl Invite
Former U.S. President George H.W. Bush has been asked by the National Football League to be this year’s honorary coin flipper during Super Bowl LI between the New England Patriots and the Atlanta Falcons in Houston, Texas, FOX Business has learned. The NFL asked the 41st President to flip the Super Bowl coin during the pregame ceremony on Sunday but he has not officially accepted nor declined the offer due to his recent health struggles, sources tell FOX Business.
Are Americas Airlines Under Cyber Attack?
For the second time in a week, a major U.S. airline grounded its fleet after its computer systems stopped working.The latest incident involved Delta Air Lines , which canceled 170 flights on Sunday and another 110 on Monday because its “essential IT systems went down” over the weekend. The issue at Delta Air Lines alone doesn’t seem suspicious — computers fail all the time.
Fed Gives Break to Regional Banks in Annual Stress-Test Demands
Large regional banks and some foreign lenders will get a big break in the Federal Reserve’s annual stress tests as the regulator said Monday it would no longer evaluate their plans for managing capital and risk. Letting banks with less than $250 billion in assets out of the so-called qualitative side of the stress tests is a particularly welcome move for the industry, because that part of the test has often proved to be a stumbling block for the companies.
Top Justice Official Won’t Defend Trump Immigration Order
Acting U.S. Attorney General Sally Yates said Monday that she wouldn’t allow the Justice Department to defend President Donald Trump’s order banning immigrants from seven predominantly Muslim countries, questioning its legality. The highly unusual declaration by Yates, an Obama administration holdover, was the latest twist in a controversy that has sparked protests at airports across the country and seen many congressional Republicans break from the White House.
Under Armour Blows Kiss to Trump by Launching First Clothing Collection Made in America
Just days after Under Armour CEO Kevin Plank met with President Trump to speak about manufacturing jobs in the U.S., the energetic athletic wear founder has something to show off to the new administration. Under Armour is releasing its first collection of apparel made in the U.S., it said today.
2017 Tax Checklist: What to Gather Before Filing
Whether you hire a professional or do it yourself, you need certain information and documentation to file your tax return. Here’s a list of items taxpayers commonly need to complete the job.
High end survival
Larry Hall leads the way out of the elevator and into an apartment, one of several in a new development that he has recently built. The space is elegantly furnished.
The nuclear bunkers designed for luxury living
Survival Condo founder Larry Hall has designed bunkers for his wealthy clients to use to protect themselves in the event of a natural disaster or nuclear wars. Rather than being utilitarian, the spaces which are buried deep underground in an abandoned missile launch base in Kansas in the US, include a swimming pool and a cinema.
Why the First Currency-Hedged Gold ETF Now
State Street Global Advisors and the World Gold Council have partnered up yet again to craft a gold-related exchange traded fund, except the new launch will help gold investors in an environment where the U.S. dollar is expected to appreciate. On Thursday, SSGA rolled out the SPDR Long Dollar Gold Trust .
Twitter Is Focusing On Its Core In Order to Turn a Profit
The move was part of an effort to become profitable in 2017. Twitter lost $103 million in the third quarter and $290 million through the first nine months of the year.
Plug Power’s 43% Plunge May Just Be the Beginning
Remaining ever-optimistic, though, management is far from short on expectations for the coming year. But whether Wall Street appreciates the successes and sends the stock back north is a different story.
Claims coal-fired plant polluted river: Utility on trial
Environmental groups said in court Monday that the Tennessee Valley Authority is essentially storing toxic ash from an aging Tennessee coal-fired power plant in a colander, letting pollutants seep into a major river in violation of the Clean Water Act. In the bench trial that began Monday in federal court in Nashville, TVA responded that the Tennessee Clean Water Network and Tennessee Scenic Rivers Association can’t prove the federal utility is polluting the water supply in violation of the law or its permits at the Gallatin Fossil Plant, 40 miles outside Nashville.
AMD’s Last Report Before Ryzen: What to Expect
Ryzen, its upcoming high-end CPU, will launch sometime during the first quarter, and Vega, its new high-end GPU, is set for some time during the first half. AMD is expected to grow revenue during the fourth quarter compared to the prior-year period, but a steep decline compared to the third quarter is also expected.
Bookmakers’ fury at ‘flawed’ gambling report by MPs
The Association of British Bookmakers said it was “deeply flawed” and called for an inquiry by the Parliamentary Commissioner for Standards. The MPs are recommending that the maximum stake for gambling on the electronic terminals in a bookmakers shop is cut to just A 2. The renewed call for a lower limit comes from the all-party parliamentary group on FOBTs, once dubbed the crack cocaine of gambling, which published its initial report last December .