Business
Housing starts in United States surge to a nine-year peak in October
That was the highest level since November 2015 and the second time so far in 2016 that permits have exceeded 1.2 million units at the annual rate. Permits for single-family homes were up 2.7% to a rate of 762,000. The trend in single-family permits has nudged higher in the past couple of months, but we doubt it will be sustained given the rollover in applications for new mortgages to finance hou... [Full Article...]
Super jet, Supersonic Demonstrator, to speed up air travel
Billionaire Richard Branson wants to revive supersonic passenger travel with a jet that can fly faster than the Concorde - all for less than the price of a business class flight. "I have always been passionate about aerospace innovation and the development of high-speed commercial flights", Branson said Tuesday. Virgin Galactic partnered with Boom Technology , and Branson confirmed that Vir... [Full Article...]
China's Yuan Just Sunk to an 8-Year Low Against the Dollar
In China's spot foreign exchange market, the yuan is allowed to rise or fall by 2 percent from the central parity rate each trading day. But they also said that the forex rate volatility is not unusual during the currency's internationalization, and compared to the currency basket that includes the USA dollar, Japanese yen, the euro, and the pound, the yuan's rate remains stable. [Full Article...]
United aims at budget travelers with 'Basic Economy' fares
Customers buying United's new offering will not be entitled to store a bag in the overhead bin - a departure from the practice of Delta, which already has a low-price fare. However, unit costs are expected to grow by less than 1 percent from 2018 to 2020, after the effect of new labor deals tapers off, the company said. American, too, has said it plans to begin selling basic economy seats in 2017. [Full Article...]
Gold crawls away from lowest in over 5 mths on bargain-hunting
The metal fell to a more than three-week low at $1,250.70 before rising as high as $1,265.40 earlier in the session. Surging bond yields and a broad sell-off in commodities in the previous session, saw the metal dip almost 3 percent. The US retail sales data will have a potentially important short-term impact on gold , although the longer-term impact may be limited given that markets have alrea... [Full Article...]
A look at Trump's immigrations plans by the numbers
It's also been used to refer to cities that bar employees, including police, from inquiring about a person's immigration status, on the grounds that crime victims and witnesses might be less likely to talk to investigators if they're anxious about being deported. [Full Article...]
Report warns of Asia arms race if Trump withdraws US forces
It adds that any measures which hurt Chinese interests will be met by 'countermeasures '. The Global Times , a nationalist tabloid published by the ruling Communist Party's People's Daily newspaper, said if Trump slapped China with heavy tariffs it would "paralyze" bilateral trade. [Full Article...]
Ford open to Trump, closed to tariffs
Still, Fields emphasized that Ford is a global company and believes in free trade. He stressed that no jobs will be lost, since the MI plant will make two other vehicles. "I've sent a congratulatory letter to the president-elect and we look forward to working with the new administration and the entire newly-elected Congress". [Full Article...]
Ford Motor Co.'s (F)
Sell-side research analysts give opinions on future stock movement for Ford Motor Company (NYSE:F). They are projecting Next Quarter growth of 8.7%. The company's Market capitalization is $49.29 Billion with the total Outstanding Shares of 3.90 billion. [Full Article...]
Teva Pharmaceutical Industries Ltd.
This Medical Sector stock now has the Market Capitalization of 42.27 Billion. The Stock has a 52-Week High of $66.55 and 52-Week Low of $37.82 following the dates, it touched its 52-Week High on Dec 30, 2015 and 52-Week Low on Nov 3, 2016. Teva Pharmaceutical Industries Limited (NYSE: TEVA ) reported its previous quarter on 08/04/2016 where it reported the Actual Earnings of $1.25. The company ha... [Full Article...]
How the Dow Jones industrial average fared on Monday
The Standard & Poor's 500 index climbed 16.19 points, or 0.7 percent, to 2,180.39. The Nasdaq composite slid 18.72 points, or 0.4 percent, to 5,218.40. Also on Tuesday, Boston Fed President Eric Rosengren said the central bank won't be easily swayed from a December rate hike . USA stocks closed little changed on Monday after rising dramatically the week before and a decline in the technolo... [Full Article...]
Congressional GOP pledges swift action on Trump's agenda
LePage said Trump can now work to improve the economy, fill a vacant Supreme Court seat and bring fiscal responsibility to the federal government. He just wants trade bills where he feels we get an equal shake. It's based on entertainment value, not policy. The party has always been in favor of free trade, and Trump's wall scheme would bear a $US25 billion price tag and anger Mexico, an importan... [Full Article...]
Greencore to buy U.S. firm Peacock Foods in £594.3m deal
The new USA division, which, after completion, will include Peacock Foods, will be led by the CEO of Greencore's United States division, Chris Kirke. Greencore, which is UK-listed, saw its shares rise 9.5 percent to 328.6 pence on November 14. [Full Article...]
U.S. stocks: Losses in health, energy stocks weigh on Wall Street
Though, market participants cautioned that rolling back post-crisis financial regulation too much could make bank debt riskier. The S&P 500 was down 11.23 points, or 0.52 percent, at 2,156.25 and the Nasdaq Composite was down 10.92 points, or 0.21 percent, at 5,197.88.Federal Reserve Vice Chairman Stanley Fischer said on Friday economic growth prospects appear strong enough for a gradual hike in... [Full Article...]
While India plugs black money holes, Indians find leaks
Many people also stood in long queues to deposit their old currency notes so that the amount could be credited into their accounts. Thousands of panicked Indians have been flocking to banks since they reopened on Thursday as the two notes accounted for about 85% of the cash in circulation. [Full Article...]
Trump says he's open to keeping parts of Obamacare
Mr. Trump favors keeping in place protections for patients with pre-existing conditions, along with a measure that allows parents to keep their children on their insurance policies until the age of 26, the Journal said, and it also reported that during their meeting Thursday, Mr. [Full Article...]
Day after Tensing mistrial declared, community leaders aim to keep peace
Tensing was charged with murder and voluntary manslaughter in the shooting death of Samuel DuBose. Almost 1,000 protesters are marching through downtown Cincinnati following a mistrial in the case against a white former police officer in the fatal shooting of an unarmed black motorist. [Full Article...]
Mistrial: Ohio police shooting trial jury deadlocked
The crowd briefly blocked a streetcar line and grew in numbers when they were joined by people leaving a rally opposing the election of Donald Trump as president. DuBose's family says they're upset the jury failed to deliver a conviction and are calling for another trial. Defense attorney Stew Mathews said Prosecutor Joe Deters tried to paint Tensing as a racist by questioning his record of gi... [Full Article...]
Xbox One Is Outselling PlayStation 4 For 4 Months Straight
GameStop's Black Friday event begins November 24th and ends November 27th. Thanks to the passion of Xbox fans worldwide and their continued excitement for Xbox One S, Xbox One was once again the best-selling console in October in the USA, United Kingdom and Australia according to NPD Group and GfK Entertainment. [Full Article...]
Recreational marijuana approved in Nevada: When and where can people smoke?
The ballot took place on November 8th, and on the same day California and MA also returned positive votes on the issue. Marijuana can now be consumed for both recreational and medical use in seven states; Washington DC, Oregon, Nevada, California , Colorado, Arizona and MA. [Full Article...]