Archive | Economy

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Mayor Proposes Plan To Tax City's Wealthiest To Fund MTA Repairs

In 2018 alone, this would bring in $700 million, rising to $820 million by 2020 and would affect an estimated 30,000 to 35,000 New Yorkers, less...

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Analysts See $0.32 EPS for Shell Midstream Partners LP (SHLX)

The stock's market capitalization is $758.63 million. The company has a market cap of $15.82 billion, a PE ratio of 19.32 and a beta of 0.81. St...

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Rex Tillerson expected to press Asian Countries on North Korean threat

Kang is thanking the USA for consulting with South Korea on the sanctions. "We strongly call upon ( North Korea ) as a participant of the ASE...

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Ministers adopt South China Sea code framework

The 10 foreign ministers of the Association of Southeast Asian Nations reiterated in a joint statement Saturday their grave concerns over the es...

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Dow ends at ninth straight record, S&P 500 also hits all-time high

For the week, the major averages turned in a mixed performance. Meanwhile, the S&P 500 gained 0.16 per cent to close at a fresh record high ...

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'I am the world's greatest person,' Trump said in leaked transcript

Trump originally said reports characterizing the conversation as testy were "fake news" made up by the media, and insisted the call had bee...

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Martin Shkreli convicted of securities fraud, conspiracy

Martin Shkreli verdict: Guilty on two counts of securities fraud, one count of conspiracy from CNBC . "I'm going to focus not on what people...

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Bitcoin faces split, clone digital currency a possibility

Now, the currency is set to split into two , leading to the creation of an entirely new currency called Bitcoin Cash . The creation of Bitc...

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Bitcoin Civil War Could Create Cryptocurrency Clone

There is a silver lining to these unanswered questions, with regulation seemingly an inevitability and whereby Bitcoin and other cryptocurrenc...

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Melisandre Confirmed What 'Game of Thrones' Is Really About

But it looks like we may finally see a break in her exterior in next week's episode, 'The Spoils of War '". In the third new episode, " The...

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Profits plunge, but Amazon ploughs on

Although AWS is currently still lagging behind the Cloud Division, the Amazon cloud is considered to be a " market leader in key segments of...

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Foxconn to invest $10 bn in LCD manufacturing plant in US

Foxconn, the company that brings you iPhones and Nintendo , is making a $10 billion investment in Southeastern Wisconsin. These panels will b...

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Foxconn to build $10 billion LCD plant in Wisconsin

Foxconn, the Taiwanese high tech firm that produces products such as the iPhone and the PlayStation, will be opening a $10 billion facility to p...

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Fed Stands Pat on Rates, to Wind Down Stimulus "Soon"

The central bank plans to start scaling back its $4.5 trillion portfolio of bonds it accumulated while trying to boost the economy after the...

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EU Fine Brings The Google Parent Alphabet's Second Quarter Profit Down

Deltec Asset Management LLC boosted its position in shares of Alphabet by 2.8% in the second quarter. While the fine is included in "accrued...

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Spieth Shoots 65 To Take The Early Lead In Open

The player going through the motions on the front nine Thursday looked nothing like the victor of four major championships , including this v...

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Spieth ready for anything at the Open

Open. McIlroy emerged from a similar slump at the end of previous year, winning two of the four FedEx Cup events in America to carry off a n...

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Kirk Cousins Contract: How Much Can Redskins QB Make in 2018?

If he plays this season under the tag, he will be paid $12.1 million. Again , this should come with little shock to most fans. He concluded h...

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Trump and Putin bromance going 'very, very well'

Trump Jr . on Tuesday morning tweeted a series of emails between himself and Rob Goldstone , a music publicist who contacted Trump Jr . an...

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'No Trump Zone' Planned in Paris Ahead of Bastille Day Celebration

Later in the evening, President Macron and French First Lady will host a private dinner for Trump and Melania. Macron delivered a live sta...

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OPEC Still Overproducing: Scapegoats US Shale

OPEC's oil production increased in June, driven by production output increases from Libya and Nigeria along with Saudi Arabia . Meanwhile,...

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Fed plans more rate hikes to meet goals: Yellen

Two Fed members, Fed Governor Lael Brainard and Minneapolis Federal Reserve Bank President Neel Kashkari spoke on Tuesday, however their dovish-...

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ACLU Files Suit: Trump Election Fraud Panel Is Ignoring Open Meeting Laws

Jackson was referring to Trump's Election Integrity Commission he created based on his belief that there was massive voter fraud in the last p...

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Economy Watch: Economy Creates 220K Jobs in June

The average monthly addition to construction jobs is on par with that of health care - though that's largely a function of the huge increase fro...

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Rockets GM: 'It's a Weapons Race in the NBA'

The NBA's power balance may not yet be done shifting. According to The Vertical's Adrian Wojnarowski , the Rockets will send Patrick Beve...

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USA creates 222000 jobs in June

That was quite a bit more than 177,000 expected. Despite the uptick in legal industry jobs reported on Friday, the past several months have ...

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'Spider-Man: Homecoming': The one superpower Tom Holland's Spider-Man doesn't have

There is no angst in him like the earlier Spider-Man characters but he is your goofy teenager who loves shooting out webs, running after rob...

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Qatar crisis: Saudi Arabia and allies to meet in Cairo

Sheikh Abdullah bin Zayed, the UAE's foreign minister, said any further action against Qatar will be aimed at changing the country's direction...

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Tesla's lower-priced Model 3 to start production Friday

The same issue is now the primary concern of the markets when it comes to the company's Model 3 production, release , and deliveries. Product...

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North Korea missile launch

The country's state media claimed they had the power to now strike the American mainland with a nuclear warhead. But while U.S. President Don...

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Oil Caps Longest Winning Streak Since April; US Output Slows

However, 70 percent would not rule out a further drop into the $30s. This was the first weekly drop since January 13 and though a mild one, coul...

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Pope pushes out German hardliner, chooses new doctrine chief

In 2013 he was named one of eight cardinals charged with investigating ways to reform the church, according to CNN . Pell, the Vatican's de f...

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GST is 'Good and Simple Tax': PM Modi

Pointing out three shortcomings, Kumar said , "Traders whose turnover is more than Rs 20 lakh will have to file the tax return every month". ...

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Nevada's Heller becomes 5th GOP senator opposed to health bill

The draft healthcare bill Senate Republicans released on Thursday is similar to the House-passed bill on the ObamaCare taxes, repealing al...

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Not 'that far off' from passing health overhaul

WASHINGTON (AP ) - Nevada Republican Dean Heller became the fifth GOP senator to declare his opposition to the party's banner legislation...

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