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Spotlight on Reserve Bank governor over contrary market reaction

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If the kiwi doesn't depreciate as the Reserve Bank assumes, an alternative scenario indicated the bank could cut the benchmark rate to as low as 1 percent. The Reserve Bank's central forecast for the 90 day bill rate included the potential for one more 25 basis point cut to 1.75% some time over the next six months. Read More »

Wall Street jumps to record highs on oil, consumers

Kohl's kicked off the two-day earnings run of department store chains. The Dow Jones industrial average rose 123 points, or 0.7 percent, to 18,618 as of 3 p.m. Shake Shack Inc.(SHAK) tanked 7.8% ahead of the open after the burger chain late Wednesday posted weak sales growth in the second quarter (http://www.marketwatch.com/story/shake-shack-drops-on-weak-same-store-sales-growth-2016-08-10). Read More »

Nvidia rises to record highs before and after earnings report

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The 52 week high of shares in Nvidia Corporation is 63.38 while the 52 week low for the company's shares is 20. NVIDIA's share price hit a record high following news of its outstanding quarter. NVIDIA Corporation makes up approx 0.08% of State Treasurer State Of Michigan's portfolio. Now the stock has been rated as "Buy" from 13 Analysts. Nvidia has also branched out into new areas including deep learning , AI and even the automotive sector, and the company is reaping the rewards. Read More »

Ruby Tuesday posts loss, to close 95 restaurants; shares plunge

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The Maryville, Tenn. -based casual-dining operator had a total of 724 units at the end of the fourth quarter ended May 31. Total revenue dropped 5.9 percent during the company's fourth quarter, to $279.3 million. In phases, the company will roll out a new menu, new salad bar and dining experience. But the costs of the planned closures make up a large portion of the $43.8 million expense that reduced net earnings. Read More »

RBI keeps policy rate unchanged

With the formation of the MPC, the government and the RBI will have completed a fundamental institutional reform, which modernises India's monetary policy framework and builds a platform for strong and sustainable growth , he said. "Overall, the RBI's assessment is guided by the trajectory inflation may take in the near term, given the stickiness in food and services inflation ", says Sushil Kumar Sinha, principal economist with India Ratings & Research, a Fitch Group company. Read More »

Man survives plane crash, wins $1 million jackpot in the same week

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Khadar an exception to both odds described last week's escape as a "miracle" and a "precious gift from God ". Investigations are still underway into the exact cause of the crash, however, Emirates chairman Sheikh Ahmed Bin Saeed Al Maktoum says there were no signs of security problems. Read More »

Rihanna to earn Michael Jackson video award at MTV VMAs

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The 2016 MTV Video Music Awards will air live from New York's Madison Square Garden on Sunday, Aug. 28 at 9 p.m. ET on MTV. She joins a list of superstar acts who have received the lifetime achievement honor, including Beyonce, Justin Timberlake, Britney Spears, Madonna, Beastie Boys, U2, George Michael and Janet Jackson. Read More »

North Atlantic Treaty Organisation concerned by Russia, Ukraine tensions

The United States has seen nothing so far that corroborates Russian allegations of a Ukrainian incursion into Crimea, the US ambassador to Ukraine, Geoffrey Pyatt, said on Thursday. The FSB said it had tackled one group of Ukrainian saboteurs in an operation that spanned late Saturday and early Sunday, smashing what it called a Ukrainian spy network. Read More »

Delta cancels two dozen MSP flights day after system outage

United Airlines and American Airlines both suffered outages past year - United has struggled with several meltdowns since combining technology systems with merger partner Continental Airlines. Delta Airlines canceled another 250 flights across the nation on Tuesday. Eastern after it grounded 1,000 flights on Monday. Delta has not given a cause for the outage. Read More »

Michael Kors Holdings tops Street 1Q forecasts

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Michael Kors is cutting back sales to department stores in the hope that less inventory will translate into more full-priced sales. Let's take a closer look at Michael Kors to see if its latest earnings report is something to get excited about, or should provoke further concern. Read More »

Tampa Bay Rays vs. Toronto Blue Jays 8/10/16 MLB Free Picks

After yielding a pair of singles in the third inning, the second of which saw Rays catcher Luke Maile advance to third after Bautista tripped over his feet trying to make a throw, Estrada walked Evan Longoria to load the bases. You can't give in, you've got to think next batter, keep attacking, keep going at them. "We're putting guys on base", Blue Jays manager John Gibbons said after Tuesday's loss. Read More »

Gold glory in Rio for superb Australia

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The New Zealand men's sevens team has suffered a cruel triple blow to their Olympics aspirations with a shock loss to Japan in their opening match coming at a high cost with both star player Sonny Bill Williams and Joe Webber ruled out of the Games after suffering injuries in the match. Read More »

Anton Yelchin's parents file wrongful death lawsuit against Fiat Chrysler

The vehicle involved was one of 1.1 million recalled in April because the gear stick design had confused drivers, leading to multiple injuries. Irina Yelchin talks to the media as attorney Gary Dordick, left, and Victor Yelchin look on. Anton Yelchin's parents became the administrators of their deceased son's estate, which cost approximately $1.4 mln. Irina said the couple had chose to speak "in spite of our unbelievable grief" to prevent others from enduring the same tragedy. Read More »

Disney Releases Third Quarter Earnings Report

The Walt Disney Co. on Tuesday reported results for the quarter ending June 30 that included broadcasting segment revenues of $1.7 billion, a 5% increase from $1.6 billion in the year-ago quarter. Disney's studio entertainment business reported the biggest year-on-year improvement. The firm's 50-day moving average price is $97.76 and its 200-day moving average price is $98.14. Read More »

Meth lab found underneath Wal-Mart parking lot

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He said, "We check in various areas that people who might be up to no good, might be using for no good". But perhaps the most shocking twist of all is where police say the meth was being made - underground in the parking lot a Walmart. Chamberlin also spoke to the news outlet: "It happens all over the country, all over the state", Chamberlin said of meth labs. It's out of the ordinary for Amherst. Read More »

GOP Sen. Susan Collins Says She Can't Support Donald Trump

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Anne Gearan is a national politics correspondent for The Washington Post . One media outlet began a Donald Trump- Mike Pence divergence tracker to highlight his difference with his running mate. Signatories to the letter included senior Bush administration officials such as former heads of the CIA (Michael Hayden) and National Security Agency (John Negroponte), two homeland security secretaries, and several ambassadors and senior foreign policy experts. Read More »

Major resort operator buying largest North American ski area

Whistler CEO Dave Brownlie says Vail would provide his company with greater financial strength and greater diversity through alliances in the United States, Australia and Canada. " Whistler Blackcomb is one of the most iconic mountain resorts in the world with an incredible history , passionate employees and a strong community", said Rob Katz, Vail's CEO, in a written statement. Read More »

Delta grounds flights due to systems problems

A ground stop for Delta flights has been lifted, and limited departures are resuming , the airline says. While planes should start taking off from airports across the world, Delta warned travelers that there will still be flight cancellations and delays. Read More »

'Africa's IKEA' to Buy Mattress Firm for $3.8B

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Steinhoff International Holdings N.V. inked a deal worth $3.8 billion, including debt, for Houston-based Mattress Firm Inc., as the South African retailer looks to expand its global mattress market reach into the USA, the companies said Monday. Read More »

Japanese yen strengthens ahead of BOJ policy decision

The Japanese government unveiled a surprisingly large 28 trillion yen ($267.58 billion) stimulus package on Wednesday but sources told Reuters on Thursday that the government package contains direct fiscal spending of only 7 trillion yen, also likely to disappoint investors. Read More »

Vail Resorts strikes $1.4-billion deal to buy Canada's Whistler Blackcomb

Whistler Blackcomb in Whistler, British Columbia, is a combination of Whistler and Blackcomb mountains that sit side-by-side. It has since grown to become one of the premier ski destinations in North America. He will also join the senior leadership team of Vail Resorts' mountain division. Vail Resorts vowed to keep most Whistler employees, with the exception of some areas of duplication in corporate functions. Read More »

Trump to Outline Economic Plan As He Seeks to Reverse Slide

The Tax Policy Center, a nonpartisan project of the Urban Institute and Brookings Institution, has said the plan would reduce federal revenue by $9.5 trillion over a decade, making it far larger than the tax cuts enacted last decade by President George W. Read More »

Rio 2016 Olympic Games Men's Soccer Scores: Day 5

Argentina coach Julio Olarticoechea was put in charge for the Games just weeks before their opening 2-0 defeat to Portugal . Neymar , meanwhile, continues to keep to himself, appearing in rare news conferences organized by the Brazilian soccer confederation. Read More »

Airbus Says UK Serious Fraud Office Launches Corruption Inquiry into Jet Sales

Airbus Group is being investigated by the Serious Fraud Office for alleged fraud, bribery and corruption. The SFO, which said it formally launched the probe last month, is soliciting further information if it is available. Export credits are loan guarantees used to support exporters that account for 6% of overall export financing over the past year. One person familiar with the case told Reuters the onus was on Airbus to prove it had a robust system for preventing abuse. Read More »

The Best and Worst Moments of the 2016 Olympic Opening Ceremony

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He is easily Brazil's most recognizable athlete - or former athlete - even though he stopped playing nearly 40 years ago. A tree will be planted for every athlete who participates in the games, more than 10,500 trees, in Deodoro. The creative minds behind the opening ceremony were determined to put on a show that would not offend a country in dire economic straits but would showcase the famously upbeat nature of Brazilians. Read More »

HOF 2016: Former 49ers owner DeBartolo joins elite class

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DeBartolo opened by joking about the differences between him and his 2016 Hall of Fame classmates. "I have a confession to make: I could be the only inductee of this great Hall who didn't make his high school football team", DeBartolo Jr. With DeBartolo in charge, the 49ers had legendary players such as Rice, quarterbacks Joe Montana and Steve Young and safety Ronnie Lott. DeBartolo's wide-ranging speech was nearly equally split between his players and his family . Read More »

Washington DC police officer charged with helping Islamic State

Young believed the informant was an acquaintance of his who was working with the militant group, court records said. The FBI used an undercover informant to catch him. Attorney's office said. "Obviously, the allegations in this case are profoundly disturbing", Wiedefeld said. In 2014, Young met about 20 times with an Federal Bureau of Investigation informant, and Young gave the source advice on how to avoid detection as he purportedly planned to travel overseas to join the Islamic State. Read More »

Driver in fatal Tesla Autopilot crash was speeding

Thank you for reading and relying on TulsaWorld.com for your news and information. The report said the NTSB confirmed the Model S driver was using the advanced driver assistance features Traffic-Aware Cruise Control and Autosteer lane-keeping assistance at the time. Read More »

Jobs Added in July, Unemployment Holds at 4.9 Percent

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Two consecutive strong jobs reports have also brought back talks about the possibility of an interest-rate hike in September, or at least a rate hike before the end of the year . That's the biggest gain in almost six years. More Americans launched job searches, and almost all were hired. Second quarter earnings reports continued to lift stocks including Priceline and Kraft Heinz. Read More »

US crude oil edges back over $40, but oversupply still weighs

Tariq Zahir, an oil bear who trades mostly in timespreads of WTI, is betting the spot US price will not hold above $40 for long. Oil has tumbled more than 20 per cent from its peak in June - the common definition of a bear market - halting a recovery that saw prices nearly double from a 12-year low in February. Read More »