Markets

Florida's Unemployment Rate Remains At 5 Percent

The rate was 3.8 percent last February. Macheras said Virginia's labor force grew by about 1.5 percent from February 2016 to February 2017, twice as fast as the national rate. Alabama's rate dropped from 6.4 percent in January to 6.2 percent, or 136,826 unemployed persons. The county's two largest cities, Los Angeles and Long Beach, reported rates of 5.1 percent and 5.3 percent, respectively.

Greenback on the defensive, gold rises

The tech-heavy U.S. Nasdaq Composite index briefly bucked the trend and hit a record intraday peak of 5,915.120 before edging lower. "The dovish rate hike, as it turned out to be, triggered short-covering and gold returned to relative safety above 1,221 an ounce", said Ole Hansen of Saxo Bank.

Legendary banker David Rockefeller dies at 101

Seitel . A devoted art collector, he chaired New York's Museum of Modern Art for many years, an institution his mother helped found in 1929. David Rockefeller, the USA banker, philanthropist, presidential adviser and heir to one of history's most fabled fortunes, has died.

Despite US Rate Increases, the Dollar's Biggest Gains Look Done for Now

The S&P 500 Index lost 0.2 percent to 2,381.38 at 4 p.m.in NY, while the Dow Jones Industrial Average fell 16 points to 20,934.55. The S&P 500 healthcare index dropped more than 1 percent while utilities fell 1.3 percent. That gradual pace is one reason investors remain enthusiastic about stocks in the face of rising rates, which historically have spooked stock holders because they can slow economic growth and corporate profits.

GoPro to Lay Off 17% of the WorkForce

In addition, Ritholtz Wealth Management's Josh Brown called it "one of the most beaten-up stocks of the last year" on CNBC's "Halftime Report" last month. (NASDAQ:RTIX) shares moved to $3.70 after starting the day at $3.75. (GPRO) managed to surpass quarterly earnings per share estimates in 6 of the trailing twelve fiscal quarters, and has a positive trend with an average surprise of 54%.

Alabama jobless rate rises to 6.4 percent

He says the complete picture is one of a state economy approaching full employment. It was also well above the year-ago rate of 6.1 percent. Simplified, the numbers indicate that while there are more people looking for jobs, there also are more who already have them than this time previous year.

Winter Storm Impacts Flights at Lambert Airport

The markets affected include New York City , Newark, Boston, Washington D.C, Philadelphia and Baltimore. "Due to the potential impact of winter storm Stella on flight operations at United States east coast airports, several Emirates flights scheduled to operate on March 14 have been delayed or cancelled", said a spokeswoman for Emirates.

Starbucks stores in the USA and Canada getting limited-time spring cups

If you'd like to Sharpie in your own design (or distract from the fact your name got spelled wrong yet again), each cup also comes with a blank white drawing space. Cheer up! Spring is on its way. The Starbucks seasonal cups coming next week will have different colors for each drink size. Their first seasonally inspired cups arrived over 20 years ago making the colorful cups a bit of a tradition.

Preet Bharara Fired by Trump Team After Refusing to Resign

Preet Bharara took to Twitter to announce his firing yesterday afternoon. "I did not resign", he said. But one who refused to resign, outspoken Manhattan prosecutor Preet Bharara (pronounced buh-RAH'-ruh), was summarily fired by Trump, Bharara confirmed on Saturday.

American Airlines lowers Q1 unit revenue forecast

The stock stands almost -11.26% off versus the 52-week high and 81.84% away from the 52-week low. TD Asset Management Inc. increased its position in American Airlines Group by 7.0% in the third quarter. American Airlines Group's dividend payout ratio (DPR) is presently 8.37%. Analysts give HIG a mean recommendation of 2.70. 12/15/2016 - Barclays began new coverage on American Airlines Group, Inc.

United Kingdom economy will grow 1.6% this year, says OECD

The Economic Outlook report projected the USA economy to grow by one percentage point to 2.4 percent this year on strong domestic demand. However, it warned that the "projected modest upturn" could be derailed by a number of factors, including the possibility of a downturn in markets, greater barriers to trade set up by governments, and uncertainties about the path of interest rates around the world.

NY Decreases Position in Dicks Sporting Goods Inc (DKS)

Yet, its stock is down 8.6% since yesterday's close thanks to a massive sell-off spurred by the company lowering its first quarter estimates. Dick's Sporting Goods, Inc .'s 20-Day Simple Moving Average is -0.11%. raised its position in shares of Dicks Sporting Goods by 10.0% in the third quarter. Shares, battered 16 percent over the past three months, lost another 3 percent premarket to $51.06.

Russia, Iraq say too soon to talk of extending oil output curbs

It is too soon for the world's top oil exporters to discuss extending a historic deal to curb output beyond June, oil ministers from Iraq and Russian Federation said on Monday at the CERAWeek conference in Houston. "We may see markets tighten around 2020 and spare production capacity shrink big time". "And unless investments globally rebound sharply, a new period of price volatility looms on the horizon".

IRS Has $1 Bln. In Unclaimed Tax Refunds From 2013

The significant slowdown earlier in the month was said to be due to the IRS's delay until February 15 in processing returns claiming the earned income tax credit and the additional child tax credit . Ed Villanueva is a local tax agent who said he gets many clients asking about refunds from previous years. In general, the IRS estimates the midpoint for potential refunds for 2013 to be $763; half of the refunds are more than $763 and half are less.

ROE of General Electric Company (NYSE:GE) stands at 9.8

Finally, Voloridge Investment Management LLC bought a new position in General Electric Company during the second quarter valued at approximately $55,442,000. This represents a $1.92 annualized dividend and a yield of 3.18%. Portland General Electric Company now has a MF Rank of 7660. If you are viewing this story on another website, it was illegally copied and reposted in violation of US & worldwide copyright & trademark laws.

Eurozone inflation above target for first time in 4 years

However, core inflation, which does not include the most volatile prices like energy and food, was stable at 0.9 per cent, having last risen in December from 0.8 per cent. "Psychologically, 2 percent inflation could be important and there will be more pressure building on the European Central Bank to taper - especially if the economy continues to grow", said KBC strategist Piet Lammens.

Surprise! Illegal alien detained after holding new conference

It wasn't until a few weeks ago that she'd been able to come up with the $495 filing fee. But they say Vargas has been in the USA since her parents brought her here from Argentina at the age of 7. This is the life that she knows. Vargas believes the USA needs a "path for citizenship" for DACA recipients and "also for the other 11 million undocumented people with dreams".

Snap Inc to raise $3.4b ahead of NYSE debut

And though Snap has yet to make a profit - the company lost $515 million past year, many analysts say one of the biggest worries investors have about the deal is the fear of missing out. At the same time, it's important to take into account that technology companies are always trying on new things and working on experiments, but only a few of those projects actually make it to market.

Iraq to be excluded from Trump's travel ban

The administration's previous travel ban was blocked by a federal court. Trump is expected to issue a new executive order as soon as Wednesday, and US officials say it would continue to call for keeping citizens from Iran, Libya, Somalia, Sudan, Syria and Yemen from entering the United States.

India's annual economic growth slows to 7 percent in December quarter

Accordingly, Moody's has revised its real GDP growth forecast to 2.4 per cent in 2017 and 2.5 per cent in 2018, from 2.2 per cent and 2.1 per cent, respectively. The per capita net national income (current price) during 2016-17 is estimated to be Rs1,03,818 showing a rise of 10.2 per cent compared to Rs94,178 during 2015-16 with the growth rate of 8.9 per cent.

Montreal is Canada's most congested city; LA leads the world

Miami ranked 11th, Washington, D.C., was 15th, Dallas was 16th, Boston was ranked at No. 18 and Chicago at No. 19. Denizens of the California city spent a crazy-making 104 hours each driving in congestion during peak travel periods previous year.

Canberra's retail, hospitality workers speak on Fair Work Commission rate cuts

For the 40 per cent of retail workers who are students, weekend trading means being able to earn money at the times most convenient for them. Full-time and part-time hospitality workers will have their Sunday penalty rate cut from 175 per cent to 150 per cent.

Headscarf row dominates Le Pen's Lebanon visit

Lebanon, a former French protectorate, shares a large border with Syria, and has taken in some 1.2 million Syrian refugees - the equivalent of one-fourth of its own population. "The French can tell the difference between genuine scandals and political dirty-tricks", Le Pen told reporters while on a visit to Meaux. Le Pen , who has led the anti-EU party since 2011, is a member of the European Parliament which accuses her of defrauding it off almost 340,000 euros.

Jay Z Wants to Invest In Your Startup

Shawn Carter is launching a venture capital fund along with Roc Nation President Jay Brown, Business Insider reports. Always one to invest his hard-earned fortune, Jay Z is planning to launch a VC fund. Tidal wasn't his first foray, however. Labeled the "Uber for private jets", Jay Z joined members of the royal Saudi family in helping the startup raise more than $105 million in Series C funding just previous year.

Burger King and Tim Hortons owner to buy Popeyes for $1.8 bln

Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 1,755,491 shares of the stock are valued at $116.07 million. BlackRock Fund Advisors increased its stake in shares of Popeyes Louisiana Kitchen by 6.0% in the third quarter.

United Kingdom economy grew less quickly than first estimated in 2016

Britain's economy picked up speed in the final three months of previous year, but a downward annual revision has lost the United Kingdom its title as the fastest growing country in the G7. John Hawksworth, chief economist at PwC, said the ONS data was a mixed bag of good and bad news, but he said this did not change the fact the United Kingdom continued to grow steadily in the six months following the Brexit vote.

SIPRI: Arms imports rise in Asia, Middle East

Nearly half of its arms exports went to the Middle East. India's overall arms imports account for a grand 13% of all arms sales between 2012-16. Its arms exports increased by 21 per cent compared with 2007-2011. The Institute's database covers the period since 1950, while describing the trends in worldwide military transfers, the experts examined an average performance of a five-year period.

Trump Boycott Trouble for Wegmans

Wegmans will replenish its supply, but it might take three to four weeks, Natale said. The Washington Post reported the Prince William County National Organization for Women planned to protest Wegmans in Northern Virginia over its refusal to remove Trump wine from its shelves.

Michael Floyd Pleads Guilty to Extreme DUI

According to court documents, Floyd's BAC at the time of his arrest was.217 - almost three times the legal limit. The extreme DUI charge wasn't the only one he was facing, but six additional charges were dropped when he put in the guilty plea .

Cisco Raises Dividend on Better than Expected Q2 Earnings

The stock's higher opening tick of $33.26 has so far turned out to be a penny from the session low of $33.25. Chief Executive Chuck Robbins (pictured) said in comments during the earnings conference call that he's confident in the company's strategy, but Cisco's shares, which had risen about 1.6 percent in regular trading, to $32.82 a share, initially fell a little under 1 percent in trading after the market close.

High WPI inflation works against further rate cuts

United Kingdom consumer price inflation jumped to 1.8 per cent in the year to January from a rise of 1.6 per cent in the year to December, as the slump in the pound since last June's Brexit referendum continued to trickle through to the high street.

Skechers USA, Inc. (NYSE:SKX), Teva Pharmaceutical Industries Limited (NYSE:TEVA)

Post opening the session at $32, the shares hit an intraday low of $31.92 and an intraday high of $32.5 and the price was in this range throughout the day. Washington Trust Bank increased its position in Teva Pharmaceutical Industries Limited by 2.7% in the third quarter. AGF Investments Inc. now owns 1,252,708 shares of the company's stock valued at $62,909,000 after buying an additional 300,224 shares during the last quarter.

The Yemen Raid: Lessons Unlearned, Propaganda Unleashed

Asked about McCain's comments at the briefing, Spicer said he had a "message" for anybody who said the mission was not a success, though he did not mention McCain by name. 29". Neither Trump nor Blumenthal fought in the war after receiving multiple deferments, though Blumenthal did serve in the Marine Corps Reserve. He called Navy SEAL Ryan a "hero" who "died on a winning mission ( according to General Mattis), not a 'failure .' Time for the USA to get smart and start winning again!" He ...

Solar Accounts for 1 in 50 New US Jobs in 2016

The report , which is the seventh annual look at the solar power workforce in the country, found that solar industry employment outpaced US economic growth by 17 times, with an addition of 51,000 jobs during the year. "The better way to look at it from Canada's perspective is that the last couple of years have really been an anomaly , based essentially on a bunch of projects coming through the pipeline all at the same time", Amy Grace, a researcher at BNEF, told the National Observer.

Europe's leaders gather amid fears about Trump's rhetoric

One by one, the European Union leaders queued up to vent their disquiet at Mr Trump's ban on travellers from seven Muslim-majority countries - and implicitly reject Mrs May's offer to be a bridge between Brussels and Washington. The not-so-subtle back-and-forths continued on Friday as Chancellor Merkel said at the Malta Summit that "Europe is on top of the agenda for me and not talking about other parts of the world".

FireEye, Inc. (NASDAQ:FEYE) Analyst Estimates

Quantitative Systematic Strategies LLC acquired a new position in shares of FireEye during the second quarter worth about $165,000. Standpoint Research initiated coverage on shares of FireEye in a report on Friday, January 13th. Stifel Research also lowered their FEYE target price to $17 from $20 noting that a variety of factors, including "ongoing transitions within the salesforce and a continued push away from traditional appliance sales in favor of recurring subscriptions continue" to ...

DUI checkpoints being readied for Super Bowl weekend

Andrew Cuomo. Enforcement periods can include sobriety checkpoints, saturation patrols and additional law enforcement on duty dedicated to impaired driving enforcement. "If you do plan to drink, do not forget to pass the keys to the sober driver before kickoff". Meanwhile, Durham Police say they will also be staging R.I.D.E checks, including several in and around GO stations.

Trump Says Post-Crisis Financial Rules Will Be Cut Back

The order directs the secretary of the Treasury to review banking regulations and report back to the president on ways in which they can be eased. Critics, many in the financial industry, have said it makes it more hard to lend and harms smaller banks.

The Donald Trump Phone Call That Sent Australian Media Into Overdrive

While discussing the refugee deal, Trump told Turnbull that it was the "worst deal ever" and accused Australia of trying to send the "next Boston bombers" to the U.S. He refused to say whether the United States president was out of line in the way he handled the phone call or for labelling the deal dumb on Twitter .

Peter Thiel Wants to Make New Zealand Great Again

Following public pressure, New Zealand's government on Wednesday released 145 pages of documents revealing details of the deal. The New Zealand government was persuaded by Thiel's appeal, however, and granted him citizenship in 2011. I have concluded that the New Zealand government supports capital expansion, scientific research and global investment. In the January 30 issue of the New Yorker , Thiel was revealed to be one of many super-wealthy "doomsday preppers" who plan to ride out a ...

TCS leads software stocks lower as Trump boubles H1-B visa costs

Consulting companies such as Deloitte Consulting LLP, which has a significant presence in the Harrisburg area, top the list of H-1B applicants. The use of H-1B visas has been a contentious issue for some time, as many believe that the overuse of these visas has lead to white collar Americans being pushed out of the workforce.

Why H&M Will Close Stores As It Now Favors Online Growth

H&M said it was investing in technology, automation and analytics to speed up its own supply chain. "H&M-branded physical stores didn't reach the goals", said H&M Chief Executive Karl-Johan Persson in an interview. H&M's 2016 turnover grew to 222.6 billion Swedish krona (23.6 billion euro), but despite that lovely growth, its post-tax profit dropped to 18.6 billion Swedish krona (2 billion euro).

Vodafone India confirms it is considering a merger with Idea Cellular

Vodafone India, a 100 per cent subsidiary of UK-based Vodafone Group, and Idea Cellular (an Aditya Birla Group company) both started operations in 1994. The Vodafone-Idea merger would result in a strong balance sheet as well as spectrum holding for the joint entity. Vodafone India, which has over 200 million customers, has been buffeted by increased competition.

Honda and GM to Build Next-Generation Fuel Cell Stacks in MI

The work is expected to create almost 100 new jobs, the company said. GM and Honda have more than 2,220 patents between them, according to the Clean Energy Patent Growth Index. They'll also work together on setting up fueling stations to make the cars marketable. The prospect of significant numbers of "green" hydrogen-powered electric cars on United Kingdom roads moved a step closer today as two of the world's biggest car-makers joined forces to "mass-produce" fuel cells.

Mexicans unite against Trump's border wall and trade plans

One day after the spat boiled over, with Peña Nieto canceling a trip to Washington next week in response to Trump's insistence that Mexico pay for the barrier, the two leaders held an hour-long phone conversation. Companies that sell Mexican imports in the US could either increase prices to offset the increased tariffs, or they could absorb the tax and accept decreased profits.

Trump's threatened 20% Mexico import tax may benefit oilpatch

Later in the day, Trump contemplated introducing a 20% import tax for products from Mexico to pay for The Wall. Trump then reiterated the call for Mexico to foot the bill. Earlier, Trump had said that if Mexico was not going to pay for the wall, there was no use of the two presidents meeting next week as scheduled. Mexican billionaire Carlos Slim said Friday in a press conference that "surely, President Pena Nieto knows he has the country's support".

Illinois Home Sales Down In December, Up For Overall Year

December's report surprised analysts who had forecast a more modest decline with existing-home sales dropping 1.1% to an annual rate of 5.52 million sales, according to Reuters. "Given current population and economic growth trends, housing starts should be in the range of 1.5 million to 1.6 million completions and not stuck at recessionary levels", he said.

Pearson shares drop 25 percent on weak demand for education products

Why the decline in sales? It also said it would cut its dividend with shareholders. Pearson explained in a statement: "Our net revenues fell 30 percent during the final quarter resulting in an unprecedented 18 percent decline for the full year".

Trump Comments Send Dollar Reeling

The Dow Jones Industrial Average declined 59 points, or 0.3%, to 19827. Ten-year yields dropped 5.1 basis points to 2.33 percent. All eyes will be on Trump's inauguration on Friday for any clarity on his economic plans, with investors often turning to gold as a so-called safe-haven in times of economic uncertainty.

Luxottica, Essilor $24 billion merger creates eyewear giant

The new business, with annual sales worth nearly €16bn, more than 140,000 employees and sales in over 150 countries, is expected to provide a growth platform "ideally positioned to seize future opportunities". As per the terms of the deal Delfin, the Del Vecchio family holding company that controls Luxottica , will exchange its 62 per cent stake in the Italian company for newly issued Essilor shares.