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Treasury Yields, Dollar Surge as Fed Raises Odds of December Rate Hike

This is 0.8 per cent below the revised July estimate of 1,190,000, but is 1.4 per cent above the August 2016 rate of 1,164,000. Looking ahead the AUD USD exchange rate may advance on Tuesday as the Reserve Bank of Australia (RBA) publishes the minutes from its September policy meeting.

Business

US Dollar Edges Higher as Investors Await Fed Meeting

U.S. and European markets finished higher overnight, and will likely provide a strong lead for the local share market. High-dividend stocks like household goods makers fell. The Fed now projects it will be 1.9 percent by the end of 2018, a touch below its earlier forecast of 2 percent. The dollar index .DXY rose 0.75 percent, with the euro down 0.83 percent to $1.1892.

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Asian stocks hit decade high, dollar firm before Fed meeting

The US Federal Reserve Bank is in the middle of its two-day policy meeting and there is some uncertainty about exactly what the outcome of that meeting will be. The main safe-haven asset, gold, has fallen sharply (-0.8pc), reversing earlier gains, following the Fed's policy announcement. Following the recent slowdown in inflation the median projection of future hikes is likely to be somewhat downgraded, which may pressure the greenback lower this evening.

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Louis area readies for third day of demonstrations

Police then used pepper spray on the protesters. A firm foot pushed his head into the pavement. "Someone needed to say it", said Taylor, 44, president of the Ethical Society of Police, an association formed by black officers in 1972 to combat racism within the St.

Business

Has Winter come to Bitcoin with exchange closures in China ?

Dimon believes Bitcoin is only fit for those who need to circumvent traditional, traceable banking systems, and said that at the financial institution, trading in Bitcoin is against the rules. Gundlach said he doesn't have a view on bitcoin but that he's concerned it may be more vulnerable to manipulation than enthusiasts admit. But Bitcoin wasn't the only cryptocurrency that was affected by this news.

Business

How To Keep Your Identity Safe In Wake Of Equifax Data Breach

Based on the company's investigation, the unauthorized access occurred from mid-May through July 2017. Citing the recent breach at the Equifax credit reporting agency, National Retail Federation and other industry associations are telling Congress that any new federal law on data breach notification should apply to all industries that handle consumer data.

Business

Prices spiking as motorists gas up for Labor Day weekend

The Explorer Pipeline, which hauls fuel from the Gulf Coast to the Midwest region, aims to restart its main lines this weekend as refineries indicated they would be able to resume supplies after Tropical Storm Harvey, a spokesman told Reuters .

Business

Harvey floods U.S. refineries, roils global fuel markets

Canadian-owned refineries are expected to register higher profits as more U.S. Gulf Coast facilities are shut down due to ongoing extensive flooding from what's left of Hurricane Harvey . In Europe, benchmark gasoline margins jumped to a two-year high of almost $21 per barrel. "It's unprecedented flooding, so who knows what is going to happen".

Business

What to do if you file a Harvey insurance claim

Fitch Ratings has said that hurricane Harvey is unlikely to result in any ratings downgrades of property/casualty re/insurers as the storm is expected to be an earnings event, and while the insured loss is likely to fall within insurers' retentions, the storm could wipe out the National Flood Insurance Program's (NFIP) reinsurance program.

Business

Torrential rains bring India's financial hub to a halt

Mumbai : Large swathes of Mumbai are submerged in waist-deep water with the weather bureau saying it is possibly the heaviest and longest bout of rain since July 26, 2005. The suburban trains, which are the lifeline of Mumbai , resumed their services in the morning but they had to be suspended again because of flooding on the tracks.

Business

A Tropical Storm is Developing Northeast of Jacksonville

As always, there's the chance we could see a very unsafe storm come our way before the season is over - remember, Hugo, the Historic Floods of 2015 and Hurricane Matthew all occurred in October. During the latter part of the week, the tropical feature will head out to sea over the North Atlantic . Wednesday is expected to be mostly sunny.

Business

Coastal Storm Bringing Rain & Wind to NC Coast

Harvey brought catastrophic flooding to Texas . As of this writing, rain is already spreading northward through the Garden State, with heavier rain expected later on. Sunday night: Heavy rain and gusty winds are possible from South Florida into coastal Georgia and the southern coast of SC. The wording may seem elaborate, but it means that this disturbance could become a tropical storm very soon.

Business

Uber hires former Expedia boss Dara Khosrowshahi as new CEO

Jackdaw Research analyst Jan Dawson noted Khosrowshahi wasn't reported as being in the running to replace Kalanick, who still sits on Uber's board. Although Kalanick's support of President Donald Trump was not specifically cited as a reason for his ouster, Uber's activist Board of Directors, led by Benchmark Partners, appears to have found a new CEO that dislikes President Donald Trump.

Business

IPhone 8 May be Available at $999

The expectation of strong new iPhone sales lifted Apple's shares to record levels and has increased its market capitalization by 36%, to $825,71 billion from the beginning of the year. The most recent reports bring us the exact measurements of both the iPhone 7s and the iPhone 7s Plus . What's interesting, though, is that the inclusion of facial recognition technology might see Apple remove Touch ID altogether.

Business

Reliance Jio's new 4G VoLTE JioPhone costs Rs 0

Until today, rival companies like Bharti Airtel, Idea Telecom and others are feeling the heat and bleeding money to compete with Ambani's grand project. Reliance has announced the launching of intelligent affordable "The JioPhone" at an effective price of Rs 0 . This seems like a remarkable phone in this segment and considering that it is free, there is nothing to lose.

Business

Brides scramble to secure dresses in sudden closing of Alfred Angelo stores

Consumerist attempted to contact Alfred Angelo , but a call to the company's headquarters wasn't answered. One store location did answer the phone. The company's website declares that 'he will never forget the way you looked, ' conjuring romantic images of happy, loved-up grooms and their attractive partners.

Business

Veteran unemployment rises again in June

Also, the May numbers were revised up 14,000 jobs from 138,000 to 152,000. In June, businesses added 187,000 jobs. Even with June's strong hiring, average hourly pay rose just 2.5 percent from a year earlier, below the 3.5 percent typical of a healthy economy.

Business

Trump tells senators House health bill 'mean'

Senate GOP leaders are now writing their healthcare bill, though Democrats and even some fellow Republicans have not seen any of the legislative text. Trump is still most anxious about Trump, which is why he will continue to praise a piece of legislation in public that he's trashing in private. The degree to which it alters the house bill at all is unknown, but whatever it is, Republicans are doing everything they can to prevent you from finding out more.

Business

Oil prices edge up; still near 2017 lows on stubborn glut

Oil prices refused to blow past $60 even after over90 percent compliance from the oil producers. Brent for March settlement dropped 26 cents to $55.23 a barrel on the London-based ICE Futures Europe exchange, closing at a $2.48 premium to WTI.

Business

Super save (for bogey) keeps Fleetwood smiling at US Open

Shane Lowry proved the best of the Irish and the only one of the starting quartet to make the cut, reaching the half-way stage just inside the cut mark on one over par. Fowler's seven birdies were from no more than 12 feet, including three in a row around the turn. Willett, who pulled out before the start of his second round, was heading towards the Erin Hills exit anyway after an opening round 81.

Business

Wanda Durant, Kevin Durant's mother, opens up about sacrifice

Shaun Livingston had a insane knee injury. There aren't usually words for that kind of sacrifice, but Kevin Durant found just the right ones, when he gave his mom a tearful shoutout in his acceptance speech for the NBA's Most Valuable Player Award three years ago.

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Donald Trump '100%' willing to testify under oath on James Comey

Comey on Thursday told a Senate committee investigating Russian meddling in USA elections that Trump had asked him drop the case against Flynn in a one-on-one conversation in the Oval Office in February, the day after Flynn was sacked. Trump also contested another key Comey claim: that Trump repeatedly asked him, at a January 27 dinner, to offer his personal "loyalty". FOR three hours, former FBI Director James Comey leveled an unrelenting attack on the credibility of the president ...

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Senate Republicans claim progress on health care legislation

Some Republican leaders sound much more like they are wishing that will happen than are counting on it. Lindsey Graham told Bloomberg . His comments came after the leaders met with President Trump at the White House to discuss health care reform.

Business

U.S. job growth stumbles in May, unemployment rate dips to 4.3%

The unemployment rate edged down to 4.3 percent in May, the lowest level in 16 years. Governments, businesses and employees can learn a lot from what the US economy and workforce endured during the great recession. These numbers really fly in the face of yesterday's ADP private-sector jobs report, where a robust 253K was reported. In commodities, however, oil prices resumed their slide with key futures contracts down more than 2 percent amid worries that U.S.

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Donald Trump's budget, spending cuts are 'moral,' Mulvaney says

The House and Senate budget committees will bring forward their own proposals in June, and a compromise budget will eventually be agreed before the fiscal year begins in October. There's a new doctrine dominating policy decisions in Washington, D.C., and it sacrifices the poor , elderly, and disadvantaged at the altar of corporations and the ultra-wealthy.

Business

OPEC likely to extend output cuts, but price relief elusive

A higher oil price can impact the FX market in two ways: firstly it can put upward pressure on inflation expectations, which can impact a currency's yield differential; and secondly it can have a direct impact on the attractiveness of the so-called "commodity currencies" and the commodity import currencies.

Business

China carmaker Geely secures stakes in Proton and Lotus

When the deal closes in July, the company will also own 49.9 percent of Proton, which presently owns Lotus and is controlled by the Malaysian conglomerate DRB-Hicom. Chinese manufacturer Geely's is set to take over British sports auto brand Lotus , following the firm's struggles with profitability in recent years.

Business

Conte expects Chelsea great Terry to play on

The club captain made his first league start since September as a much-changed Chelsea celebrated winning the title with a thrilling 4-3 win over Watford on Monday. I have time to make the best decision but in this moment I have 13 or 14 players who deserve to play in the FA Cup . On his team's performance, Mazzari added: I'm proud of my team and my squad.

Business

Poor and disabled big losers in Trump budget; military wins

According to budget tables released by the administration, Trump's plan cuts nearly $3.6 trillion from an array of benefit programs, domestic agencies and war spending over the coming decade - an nearly 8 percent cut - including repealing and replacing Obama's health law, cutting Medicaid , eliminating student loan subsidies, sharply slashing food stamps, and cutting $95 billion in highway formula funding for the states.

Business

IPL 2017 Final, Rising Pune Supergiant vs Mumbai Indians

So, would Pune be fourth time lucky tonight? From the bowling perspective, Jaydev Unadkat is in a great form. The venue also throws up some interesting facts. Hardik Pandya has the highest number of runs scored in an over, 28, in the tournament. Pandya Brothers - The Pandya Brothers will have an important role to play in this final.