Economy

Winter Storm Impacting Travel, Canceling Flights in Northeast

Winter Storm Impacting Travel, Canceling Flights in Northeast The cancellations come as the Met Office issues another red weather warning as United Kingdom smashed by "blizzard conditions". According to The Weather Channel , the storm system is expected to bring damaging winds, heavy rain, snow and severe flooding from the Carolinas to ME, with wind gusts ranging from 40-60 miles per hours in some areas. [Full Article...]

Deontay Wilder Ready For Challenges Of Luis Ortiz

Deontay Wilder Ready For Challenges Of Luis Ortiz Fighters usually don't take a big risk when they're on the verge of a mega-money fight when losing would no doubt destroy it. The American defends his WBC heavyweight title against Luis Ortiz in the early hours of Sunday morning, live on Sky Sports , and could remain on collision course with fellow champion Joshua. [Full Article...]

GDP growth brings hope of economic revival: Industry chambers

GDP growth brings hope of economic revival: Industry chambers The government also marginally increased its estimate for the full year's growth to 6.6% from its earlier estimate of 6.5%. The US based agency stated that the GDP growth has "repeatedly disappointed" in recent quarters, partly because of one-off factors including the demonetisation programme of November 2016 and disruptions related to the implementation of the Goods and Services Tax (GST ) in Ju... [Full Article...]

Oil rises as Wall Street bounces off lows, crude posts weekly loss

In earlier trading, both benchmarks had been down more than a dollar. After the best start to the year in more than a decade, oil has had a tumultuous month. "It's not clear yet who will be the victor as US oil production keeps going higher despite the OPEC cuts". On Tuesday, International Energy Agency Executive Director Fatih Birol said the United States will likely overtake Russian Federati... [Full Article...]

Oil falls for third day as higher inventories, dollar weigh

Oil falls for third day as higher inventories, dollar weigh There is little OPEC can do about rising US-produced overseas crude oil sales without turning open the taps again. U. S. West Texas Intermediate crude was down 37 cents, or 0.6 percent, at $62.64 by 0142 GMT, after falling 90 cents the previous session. [Full Article...]

Prezzo closures put 1500 jobs at risk

Prezzo closures put 1500 jobs at risk Lincoln's Tex-Mex Chimichanga restaurant is under threat of closure according to reports from Sky News . Prezzo is owned by private equity firm TPG Capital. Company voluntary arrangements have been used by burger chain Byron and Jamie's Italian in recent months as the high street battles rising inflation and increases to the minimum wage. [Full Article...]

John Shuster Leads US's 'Team of Rejects' to Olympic Curling Gold

John Shuster Leads US's 'Team of Rejects' to Olympic Curling Gold Sweden , whose skip Niklas Edin made a couple of crucial errors, reduced the gap to three points going into the last end but the Swedes finally conceded with one stone left. He responded by losing 35 pounds and starting up his own team, which soon earned the nickname "The Rejects". We were starstruck when National Football League player J.J. [Full Article...]

Japanese police find missing woman's head in American sightseer's suitcase

Japanese police find missing woman's head in American sightseer's suitcase The decapitated head was found over the weekend as police searched the apartment for signs of a missing 27-year-old woman who vanished after telling a pal she was meeting an American tourist she found online, The Ashashi Shimbun reported. Another CCTV recording shows her entering the building where Bayraktar had rented a unit on Feb 16; there is no footage of her leaving. Two men were already ar... [Full Article...]

Asian stocks lower after Fed report renews bond yield fears

Asian stocks lower after Fed report renews bond yield fears The Fed left rates unchanged at the January meeting, but investors will look for its opinion on inflation and interest rates, especially after strong economic data raised concerns of an overheating economy and triggered the recent selloff. [Full Article...]

BB&T cites 'technical issue' in outage affecting customers

BB&T cites 'technical issue' in outage affecting customers ATM and 24-hour phone service is being restored, according to company spokesman Brian Davis. "Bank officials have apologized and say they do not believe the issue is related to a cyber security attack". Thank you so much for your patience, and we will continue to provide updates here and on BB&T's Facebook and Twitter pages. The bank operates more than 2,100 branches spread across 15 states ... [Full Article...]

Existing home sales drop as inventory remains depressed

Existing home sales drop as inventory remains depressed This marks the largest annual decline in sales since August 2014's decrease of 5.5 percent and the slowest sales pace since 5.37 million last September. Properties averaged about 42 days on the market in January, down from 50 days a year ago, but up from December 2017's 40-day average. Four percent of January sales were foreclosures and 1 percent were short sales. [Full Article...]

Walmart holiday-quarter profit drops, online struggles spook investors

Walmart holiday-quarter profit drops, online struggles spook investors This is the only downside from the whole quarter report from the company but it is enough to give their investors jitters on the pre-market. The nation's largest private employer said last month that it would raise the starting salary for USA workers to $11 an hour, give a one-time cash bonus of up to $1,000 to eligible employees and expand its maternity and parental leave benefits. [Full Article...]

Barclays post 10 per cent rise in pre-tax profits

Barclays post 10 per cent rise in pre-tax profits Revenue fell 2% to 21 billion pounds ($29.3 billion). Barclays PLC showed its confidence in future earnings on Thursday by restoring its full dividend, despite lacklustre investment banking income, restructuring costs and USA tax reforms hitting the bank's 2017 bottom line. [Full Article...]

United Kingdom unemployment edges up to 4.4%

United Kingdom unemployment edges up to 4.4% Average earnings increased by 2.5% in the year to December, unchanged from the previous month, said the Office for National Statistics . The claimant count, which includes people on Jobseeker's Allowance and the unemployment element of Universal Credit, fell by 7,200 last month to 823,000. [Full Article...]

UP Investors Summit 2018: An Initiative to Make UP Investor Friendly

UP Investors Summit 2018: An Initiative to Make UP Investor Friendly The information about the proposals will be provided automatically through SMSs. " Uttar Pradesh is a land of infinite opportunities and it has the potential of being the growth engine of India". He said the State is making appropriate policies for various sectors. Lauding the "one district one product" scheme, he said it could prove to be the game changer for the state. [Full Article...]

Venezuela: New Cryptocurrency Can't Rescue Caracas

Venezuela: New Cryptocurrency Can't Rescue Caracas President Nicolas Maduro announced in early December that Venezuela - which is under sanctions from the U.S. as well as the European Union - was creating the digital currency. The cryptocurrency will be stored in a virtual wallet users can acquire after registering online. The cryptocurrency goes public next month. Despite worldwide isolation, broad unpopularity and scarce food and medicin... [Full Article...]

Burnout Paradise Remastered launches on Xbox One in March

Burnout Paradise Remastered launches on Xbox One in March The beloved open-world racing game Burnout Paradise is coming back. Although the remaster is coming first to consoles, both digitally and at retail, EA said it will later release a Windows PC version exclusively in its Origin store. [Full Article...]

Amazon is rewarding Prime members for shopping at Whole Foods stores

Amazon is rewarding Prime members for shopping at Whole Foods stores Now it looks like they might have come up with a way. Last week, Amazon announced its Prime Now delivery service would begin offering free 2-hour delivery of products from Whole Foods Market in four markets, with plans to expand across the U.S. [Full Article...]

American Airlines ticket agent stops 2 girls from meeting alleged trafficker

American Airlines ticket agent stops 2 girls from meeting alleged trafficker Miracle told her supervisor she was going to call the sheriff. 'Between the two of them, they had a bunch of small bags. "I think the way they kept looking back-and-forth at each other like they weren't really sure". They said they would not have allowed that to happen, and the law enforcement official said they probably would not have had the choice. The police believe that following that pho... [Full Article...]

FCC chief probed over Sinclair-Tribune deal

FCC chief probed over Sinclair-Tribune deal Sinclair Broadcasting purchased Tribune Media a few short weeks after new rules were passed by the FCC that allowed this action. In an official investigation uncovered by The New York Times , it turns out that even top officials at the FCC have reason to believe that something wasn't right. [Full Article...]


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