Business

International Monetary Fund revises up India growth forecast for FY17 to 6.8 per cent

The central bank cautioned, however, that Canada's economy might be unable to maintain the pace set in early 2017. Maurice Obstfeld, economic counsellor and research department director at the International Monetary Fund, said the move could have been done to ensure less economic uncertainty further down in the Brexit negotiations. [Full Article...]

North Korea failed missile launch drags down oil in the US markets

North Korea failed missile launch drags down oil in the US markets Meanwhile, before the major markets closed for the holiday break on Thursday, they were higher by 3 cents at $55.89 per barrel. While one week does not a trend make, the recent draw down in US crude inventories is at least partially a result of Saudi Arabia and other OPEC members slashing volumes to American customers as part of their strategy to boost prices. [Full Article...]

Netflix shares on track for worst day in five months

Netflix shares on track for worst day in five months Netflix (NFLX) is on the verge of surpassing 100 million global subscribers, a testament to how much the video streaming service has changed the entertainment landscape since its debut a decade ago. "From this perspective, the platform will have already reached ~40% of their 2Q guide (+3.2M subs), with growth likely somewhat front end loaded due to the early success of "13 Reasons Why"," wrot... [Full Article...]

President Trump's Administration at Odds Over Marijuana

President Trump's Administration at Odds Over Marijuana Along with opiates, the drugs cost the US around $250 billion. Unlike Sessions, Kelly doesn't have much say in how the United States prosecutes drug offenders. Kelly told Todd that arresting drug users won't resolve the problem, rather, he said the steps for alleviating the drug crisis should be to first reduce drug demand in the USA, then rehabilitation, law enforcement, and then targeting the ... [Full Article...]

Ten companies pull ads from O'Reilly show

Ten companies pull ads from O'Reilly show Like Mercedes-Benz, Hyundai found the allegations "disturbing" and said they want to partner with those who share their values of inclusion and diversity. The remaining advertisers are being pressured to follow them. But last summer's forced departure of Ailes, who has vigorously denied the charges against him, was a step into the unknown for Fox. [Full Article...]

Goldman whiffs in Wall Street bond rebound that boosts peers

Goldman Sachs had a rare miss in its first quarter results, the bank said Tuesday, as its typically best-in-class trading desks did not perform as well as its competitors. "The operating environment was mixed, with client activity challenged in certain market-making businesses and a more attractive backdrop for underwriting in our investment banking franchise", said Lloyd C. [Full Article...]

DAVIDSON: Motorcycle shipments fell by 14.7%

DAVIDSON: Motorcycle shipments fell by 14.7% It reported revenue of $1.33 billion, down from $1.58 billion in the year-earlier period and below the FactSet consensus of $1.37 billion. Independent Franchise Partners LLP now owns 8,745,188 shares of the company's stock worth $459,909,000 after buying an additional 127,052 shares in the last quarter. [Full Article...]

Braves beat Padres 5-2 on opening night at new stadium

The Braves beat the Padres 5-2. The Braves used the exhibition as a soft opening to work out kinks prior to Friday's festivities, and only two businesses were open then: Terrapin and First and Third Hot Dog and Sausage Shack. "One of my favorites I've played in so far". Hedges knew he should take advantage of what he said was a mistake. Today the Braves will be playing their second game of... [Full Article...]

Delta hikes payouts for overbooked fliers

Delta hikes payouts for overbooked fliers Delta is letting employees offer customers almost $10,000 in compensation to give up seats on overbooked flights, hoping to avoid an uproar like the one that erupted at United after a passenger was dragged off a jet. Airlines that bump off a passenger are obliged to pay up to four times the cost of a passenger's one-way ticket, up to a cap of US$1,350 (S$1,891). [Full Article...]

File your income tax returns today, BIR reminds Filipinos

The special June 15 deadline also applies to members of the military, on duty outside the US and Puerto Rico, who do not qualify for the longer combat zone extension. VITA/TCE - Free, in-person volunteer help is close by through the Volunteer Income Tax Assistance program or Tax Counseling for the Elderly. President Rodrigo Duterte said in his visit to Qatar over the weekend that Tan owed th... [Full Article...]

Some Indians boycotting Snapchat over CEO's alleged remarks

Some Indians boycotting Snapchat over CEO's alleged remarks Run an early-stage company? Although, Evan Spiegel recently announced that he made no claims and the claims that are spread on social media were made by a Snapchat ex-employee. Snapchat is popular among people under 30 for applying bunny faces and vomiting rainbows onto selfies, but many investors are critical of its slowing user growth. [Full Article...]

Uber May Soon Be Forced To Allow Tips

Uber May Soon Be Forced To Allow Tips On its website , Uber said riders are not obliged to tip, but drivers can accept cash if offered. "That's why, in New York City, we partnered with the Machinists Union to make sure current and future Uber NYC drivers have a stronger voice and launched a series of new tools and support policies for drivers", the company said. [Full Article...]

Connelly endorsed by Freedom Caucus chairman in SC race

Connelly endorsed by Freedom Caucus chairman in SC race Meadows told USA Today he planned to deliver a plan that kept language requiring insurers to cover pre-existing conditions. President Donald Trump may be angry at the conservative members of the House Freedom Caucus for its role in thwarting his plan to repeal the Affordable Care Act, but that doesn't mean the Republicans' constituents feel the same way. [Full Article...]

April the giraffe is in active labor

April the giraffe is in active labor It's been more than a month since the park shared the news of April's impending birth with the world, via social media. April the giraffe shot to notoriety in February when her live stream went viral after Youtube briefly removed the post because of protests from animal rights activists. [Full Article...]

North Korea rolls out missiles, other weaponry at parade

North Korean schoolgirls perform at the Mangyongdae Children's Palace on Friday, April 14, 2017, in Pyongyang, North Korea . On Friday, the North's military issued a statement threatening the "toughest counteraction" to destroy American military bases and South Korea's presidential compound in case of aggression against Pyongyang . [Full Article...]

Clarification: Train Stuck in Tunnel story

Clarification: Train Stuck in Tunnel story Police said reports that shots were fired at the station are not true. Right before rush hour, a New Jersey Transit Northeast Corridor train headed into NY became disabled in a Hudson River Tunnel due to loss of power. Amtrak authorities said the man who was tasered was taken into custody, CNN reports. A disabled train in the area has been moved and Amtrak engineering forces are now working ... [Full Article...]

Gibraltar criticises Madrid after Spanish naval vessel incursion

Gibraltar criticises Madrid after Spanish naval vessel incursion Michael Howard, a former Tory leader and now a member of the House of Lords , said that the tussle over Gibraltar evoked the UK's war with Argentina in the South Atlantic over the Falkland Islands in 1982. He added that Tusk "is behaving like a cuckolded husband who is taking it out on the children". Gibraltar was taken from Spain in 1704 and ceded to Britain in 1713. [Full Article...]

Lawyer: Dragged passenger 'poster child' for airline abuses

Aviation Commissioner Ginger Evans told the committee that the officers had the authority to board the flight but that what happened on the plane is being investigated. The video shined an unwanted spotlight on the airline and the little-known police force that guards Chicago's two main airports, and it could threaten the agency's future. [Full Article...]

O'Reilly advertisers risk reputation, but viewers remain

Trump in an interview with New York Times, disapproved of settlements paid to the women saying O'Reilly din't do anything wrong. This structural shift comes after around 50 advertisers pulled their commercials from O'Reilly's time slot in the last few days. [Full Article...]

Average 30-year mortgage rate falls to 2017 low of 4.08 pct

Average 30-year mortgage rate falls to 2017 low of 4.08 pct But instead, they've been on the decline ever since. Thirty-year mortgage rates have hit a new low for the year after dropping for the fourth week in a row, according to new industry statistics released on Thursday. "The bond market tends to do well during times of worldwide conflict and now you see that occurring on two fronts at the moment", said Hamrick. "We will probably see rates higher... [Full Article...]


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