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Tech propels Wall Street as Nasdaq sets record


Wall Street traded aimlessly on Tuesday, as the Federal Reserve began its two-day policy meeting following a string of data releases that raised doubts about the health of the USA economy. "The U.S. rig count indicates that there is plenty more to come", analysts at JBC Energy said in a report, referring to the outlook for U.S. production. Read More »

Bill O'Reilly's Fox News Ousting Draws Polarized Response on Twitter


In a shocking reversal of fortune for one of the most prominent voices in TV news, Bill O'Reilly has been ousted from Fox News Channel amid the firestorm over sexual harassment allegations levelled against the host in recent years. Perino closed Wednesday's show saying: "It is the end of an era here at Fox News Channel". Olbermann said that when he was working at Fox Sports in 1999, he helped a friend get a job at Fox News . Read More »

The Eagles Sue Hotel California in Mexico


They're suing it up over Hotel California ... 'Defendants lead United States consumers to believe that the Todos Santos Hotel is associated with the Eagles and, among other things , served as the inspiration for the lyrics in 'Hotel California , ' which is false, ' the complaint stated. Read More »

Trump says he's willing to consider raising gas tax

Trump lacked to include specifics in the one-page document outlining the reforms, but what's clear is that the administration is set on a major overhaul of the tax code reminiscent of the tax code renovation undergone during the Reagan administration. Read More »

FCC head spells out plan to roll back net neutrality

He said Pai's proposal "creates an environment where we can have a fresh constructive dialogue". Under the previous administration, President Barack Obama publicly pushed to reclassify broadband as a common carrier service, which would allow the FCC to implement net neutrality rules. Read More »

BP swings to a profit as Brent crude prices rise


It hopes to add 800,000 barrels per day (bpd) of new production by the end of the decade. Its operating cash flow managed to rise to $4.4bn from $3bn a year earlier. BP's shares have fallen 13 percent in London this year, as have Shell's B shares. Michael Hewson, chief market analyst at CMC Markets UK, said BP's debt levels continued to cause concern, given that the group has said oil prices need to hit 60 United States dollars a barrel for it to break even. Read More »

Trump claims he will pay more under new tax plan


But Trump's top economic adviser used some bad math to describe the proposal, raising questions. But that's not double. "This tax cut is a massive threat to the incomes of Australian workers". One of those pesky details is how Trump will structure the tax rates on individual income. For example, the plan promises to reduce the tax brackets to 10 percent, 25 percent and 35 percent, but doesn't say who would fall into those categories. Read More »

Nifty scales lifetime high, sensex nears 30000-mark


Likewise, the 50-stock NSE barometer Nifty finished 9.70 points, or 0.10 per cent, down at 9,342.15 after hitting yet another new high of 9,367.15 (intra-day), surpassing its previous record of 9,367, reached on Wednesday. Meanwhile, domestic funds bought shares worth a net Rs 984.17 crore on Monday, while foreign portfolio investors (FPIs) sold stocks worth a net Rs 279.55 crore, as per provisional data from the stock exchanges. Read More »

Amid reports of US NAFTA pullout, Mexico leaned on diplomacy


Relative calm returned yesterday after Trump's comments, and the Mexican peso strengthened 0.86 percent against the US dollar while the Canadian dollar was flat versus the greenback. Most recently, Canada implemented a new national pricing policy that dairy groups contend blocks American dairy exports and will enable significant dumping of Canadian dairy products onto the world market. Read More »

Gulp: First-quarter GDP sinks to lowest in three years


Economists estimate that growth in consumer spending, which accounts for more than two-thirds of USA economic activity, braked to below a 1.0 percent rate in the first quarter. Real wage growth has dropped to just 0.3 percent in February, the lowest since September 2014. The report showed that wages and benefits paid to USA civilian workers grew steadily in the first three months of the year. Read More »

Despite heel injury, Karlsson leading Senators in postseason


MacArthur scored in Game 2 of the series, and then got past David Pastrnak on his way into the Bruins' zone in overtime, tempting the Boston forward into pulling him down from behind. "They carried their teams". What they can't control is how the Rangers respond, if Henrik Lundqvist can have a repeat performance or if the Rangers have more left in the tank, and how much they can raise their game to another level. Read More »

Oil rebounds from one-month low on hopes for output cut extension

Gains were also helped by a weaker dollar and signs that non-OPEC member Russian Federation was fully compliant with output limits agreed among major producers late previous year. Barkindo said consensus on a decision during OPEC's next meeting was "gradually building up". News that Libya had restarted two of its main oil fields after protests also added to selling pressure. Read More »

Gareth Southgate watches Jack Butland protect Stoke goal from Hammers


Both teams went into the game feeling they had underachieved this season and that proved to be the over-arching theme of the day. This has been a challenging season for West Ham , with the club having produced some abject performances at times, not helped by their difficulties adapting to life at the London Stadium and the catalogue of injuries that they have had to contend with. Read More »

France's steely Le Pen gets far-right in presidential runoff


In a segment on "Last Week Tonight" ahead of the election, John Oliver explained that the presidential race in France will have a profound influence on the future of Europe , saying that if Le Pen prevails, France would most likely leave the European Union, potentially ending the EU. Read More »

Toyota recalls more than 200k Tacoma trucks


If a vehicle is continuously operated in this condition, the rear differential could become damaged, which can result in noise and reduced propulsion . The company says it's already sending notices via mail to affected customers. The company would not say if the problem has caused any crashes or injuries. Read More »

Facebook gearing up to fight political propaganda


The company is expanding its efforts from tackling abusive behavior like account hacking and spam, to addressing "more subtle and insidious forms of misuse, including attempts to manipulate civic discourse and deceive people". Considering just how serious the impact of such behavior has been, with the controversial victory of President Donald Trump being the most significant example, Facebook's admission to an already well-known fact is practically cavalier. Read More »

Alphabet reports Q1 2017 revenue of $24.7 billion, beating expectations [Livestream]

A raft of USA tech giants reported their first quarter numbers on Thursday, with Google's parent company Alphabet seeing an impressive 28% rise in profits compared with the same period a year ago. 'Advertisers can be fickle and certainly the approval of the advertiser is critical, but less so than the approval of the user, ' said Phil Bak, CEO of ACSI Funds, an asset manager. Read More »

GDP figures: The accidental rebalancing of the UK economy


Real personal consumption grew by just 0.3% in the first quarter, down from an increase of 3.5% in the fourth quarter of 2016. The ONS noted that the slower growth in the first quarter was mainly due to services, which grew by 0.3% compared with growth of 0.8% in the fourth quarter of 2016. Read More »

Trump says he will release tax reform package next week


Treasury secretary Steven Mnuchin said on Thursday he expected congress to approve a tax plan this year. Americans now spend 6.1 billion hours and $230 billion trying to comply with the tax code, he said. Ryan's border-adjusted tax proposal - which would replace the 35 percent corporate income tax with a 20 percent tax on USA companies' domestic sales and imports - would have provided some cushion in terms of revenue. Read More »

Australia visa cut to hit Indian IT workers

Announcing the visa change in a video on his Facebook , Prime Minster Malcolm Turnbull said his Government are putting "Australians first". The Australian ambassador to Ireland says skilled Irish people will continue to be welcome in Australia despite the scrapping of the 457 visa programme. Read More »

BOJ Holds Policy Stable, Sends Optimistic Signs


Separate government data showed on Friday that Japan's jobless rate held steady at 2.8 percent in March and the availability of jobs rose to the highest since November 1990. "What's more, we believe that the Bank remains too optimistic about inflation". But with Japanese exports and production rising on the back of economic strength overseas, the BOJ made a decision to "advance a step forward" with its view, Kuroda said. Read More »

Uber is planning to fly cars in Dallas, Dubai by 2020

Although these technological innovations are still at a very early stage, Uber believes that the service will cost about the same as a regular auto. The ability to simply fly over congested urban areas could dramatically reduce commuting times. Ultimately, the concept is anchored on Uber's longstanding ride-sharing concept, which they are now hoping to move forward into the next stage of development by taking it to the skies. Read More »

Kejriwal's Quest for Power Behind AAP Loss: Anna Hazare

Always keep your phones on recording mode so that you can expose such attempts later. "I have sent my resignation, from Punjab in-charge's position, to national convener Arvind Kejriwal". The party had raised similar allegations after the loss in Punjab and Goa. There has to be more research on this and EVMs could play a big role. Experts said the BJP, which has been ruling the MCD for a decade, managed to retain control by beating anti-incumbency just by adopting a better strategy, ... Read More »

Bulls' Rajon Rondo a 'long shot' to return from thumb injury

Not long ago, the Chicago Bulls were up 2-0 over the Boston Celtics, heading into two home games. Aaron Judge, Luis Severino carry Yankees past Red Sox, 3-1: Reigning AL Cy Young victor Rick Porcello (1-3) lost his third straight start, giving up three runs - two earned - in 6 2/3 innings. Read More »

Mnuchin: Trump has released plenty of financial info

Treasury Secretary Steve Mnuchin was dispatched to do the round of morning shows, and his first attempt at lying did not go especially well. "His tax outline is a wish-list for billionaires, trickle-down all over again - and guess who it is trickling all over?" Bills passed through reconciliation can't add to the national deficit after 10 years, and initial reports suggest the steep tax cuts Trump wants would definitely do that . Read More »

Coca Cola will cut 1200 workers as more Americans abandon soft drinks


Credit Suisse Group AG raised The Coca-Cola from a neutral rating to an outperform rating and upped their price objective for the stock from $44.00 to $49.00 in a report on Wednesday, April 19th. Despite the drop in revenue and EPS this quarter, the steps taken by Coca-Cola in terms of refranchising and undergoing changes to become leaner could help it improve its profitability and achieve higher EPS growth in the next couple of years. Read More »

Uber takes to the skies with next ride-hailing project


The company has hired Mark Moore, a NASA aircraft engineer to work on this project. Two areas have already been identified as the initial launch cities: Dallas and Dubai. "I'm looking forward to this partnership, and can't wait to see what we can achieve". And the truth is that there are still many questions about how to regulate and consider the introduction of this technological innovation. Read More »