• US Federal Reserve raises rates, gives details on balance sheet reduction
US Federal Reserve raises rates, gives details on balance sheet reduction

Earlier this year, the Fed seemed to be pleased that its dual mandate of employment and inflation appeared to be on the cusp of being attained. Therefore, the central bank may need to slow down the pace of tightening. Trump said his program would double growth to 4 percent or better, though the administration based its first budget plan on achiev...

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  • Fed Hikes Interest Rates Despite Declining Inflation
Fed Hikes Interest Rates Despite Declining Inflation

Rates should reflect that, which means raising them. Traders now see June next year as the earliest meeting at which the United States central bank will next lift its target for overnight borrowing costs, based on fed funds futures traded at CME Group as analysed by Reuters.

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  • Reynolds American Inc (NYSE:RAI) Reviewed By Analysts
Reynolds American Inc (NYSE:RAI) Reviewed By Analysts

Pictet Asset Mgmt Ltd reported 883,626 shares. Manufacturers Life Comm The reported 871,466 shares or 0.07% of all its holdings. Envestnet Asset Mngmt Incorporated has invested 0.03% of its portfolio in Reynolds American , Inc. Piper Jaffray Companies initiated coverage on shares of Reynolds American in a research report on Thursday, May 25th. (...

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  • Britain's Hammond to push for UK to stay in EU customs union
Britain's Hammond to push for UK to stay in EU customs union

Large global banks in London plan to move about 9,000 jobs in the next two years to financial centres that will stay in the European Union , including Frankfurt, Paris and Dublin, so they can continue selling their services across the bloc after Brexit, according to a Reuters' tally of job warnings.

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  • Traina Thoughts: NBA Finals were about LeBron James and nothing more
Traina Thoughts: NBA Finals were about LeBron James and nothing more

Kevin Durant #35 of the Golden State Warriors reacts after a basket against the Cleveland Cavaliers in Game 5 of the 2017 NBA Finals at ORACLE Arena on June 12, 2017 in Oakland , California. Durant averaged 35.2 points over the five-game series against the Cavaliers. It validated the notion of Warriors general manager Bob Myers, who ...

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  • House Majority Leader Kevin McCarthy Gets Emotional While Talking About Steve Scalise
House Majority Leader Kevin McCarthy Gets Emotional While Talking About Steve Scalise

MedStar Washington said in a tweet Wednesday afternoon that Rep. Steve Scalise "was critically injured and remains in critical condition". "We are as ever awed by the tremendous bravery of the Capitol Police", he said , stating he'd talked to both officers after the shooting, right before one went in for surgery for their injuries .

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  • WHSmith reports 8% quarterly travel sales boost
WHSmith reports 8% quarterly travel sales boost

However, sales were down 4% at its UK-focused high street business which operates more than 600 stores. Total sales saw a 2% benefit from foreign exchange rates in the global segment, while also gaining from an increase in passenger numbers.

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  • Analyst's Proposition on EQT Corporation (EQT), Antero Resources Corporation (AR)
Analyst's Proposition on EQT Corporation (EQT), Antero Resources Corporation (AR)

Sailingstone Capital Prns Ltd Llc stated it has 12.21% of its portfolio in Range Resources Corp. It has underperformed by 31.85% the S&P500. Douglas Emmett, Inc.is a self-administered and self-managed real estate investment trust. Therefore 68% are positive. For the current year the company's revenue estimates are $1.46 Billion compared to low an...

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  • Fed hikes key rate and unveils bond trimming plans
Fed hikes key rate and unveils bond trimming plans

Fed Chairwoman Janet Yellen is scheduled to begin her news conference set for 2:30 p.m. The yield on the 10-year Treasury note was 2.12 percent, the same as shortly before the statement came out. The Committee continues to expect that, with gradual adjustments in the stance of monetary policy , economic activity will expand at a moderate pace, an...

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  • US consumer prices dip 0.1 percent in May
US consumer prices dip 0.1 percent in May

Prices are also on the rise for clothing, up 0.6% compared with a fall of 0.3% a year ago, with children's clothing seeing the biggest increase. The headline CPI for the 12-months through May fell below the Fed's two percent target to 1.9 percent last month, continuing a steady decline since February.

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  • Trump calls former FBI Director James Comey's actions 'cowardly' in tweet
Trump calls former FBI Director James Comey's actions 'cowardly' in tweet

Comey said he believed Trump's statement meant the president had directed him to drop an FBI investigation into Flynn's alleged ties to Russian Federation. Asked if he would make that denial under oath, he said, "100%". "Think of that. I hardly know the man". Mr Flynn was himself forced out after misleading the vice-president about conversation...

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  • Fed expected to raise rates today
Fed expected to raise rates today

Australia's S&P/ASX 200 jumped 1.7 percent to 5,772.80. USA stock markets the S&P 500 and the Nasdaq edged down at the close. The unemployment rate, at 4.3%, is at its lowest level since 2001. It's nowhere near the Fed's target of 2 percent, and if you can see any acceleration in this chart you have sharper eyes than me. That large disconnect...

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  • Fed raises interest rates for second time this year
Fed raises interest rates for second time this year

The Fed also said it will begin cutting holdings of bonds and other securities this year. Chair Janet Yellen was asked at a news conference whether she anxious that the Fed could rattle markets once it starts shrinking its bond holdings.

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  • Fed raises key rate and unveils plan to reduce bond holdings
Fed raises key rate and unveils plan to reduce bond holdings

Pay attention home buyers, vehicle drivers and credit card debtors: The Federal Reserve could raise rates on Wednesday. "Inflation on a 12-month basis is expected to remain somewhat below 2 percent in the near term but to stabilize around the committee's 2 percent objective over the medium term", the statement said .

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  • Elderly Passenger Sues United Airlines After Being Assaulted by Employee
Elderly Passenger Sues United Airlines After Being Assaulted by Employee

This week, a 2015 video that appears to show a United Airlines employee shoving a passenger to the ground surfaced and, soon after, went viral. BUt instead of helping Tigner, Hoke says the United employee - who has been identified as Alejandro Anastasia - merely smiled at him and said, "Can't you see we're busy?" 'And he tells Anastasia to wipe t...

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  • Schlumberger NV (NYSE:SLB) Receives An Update From Brokers
Schlumberger NV (NYSE:SLB) Receives An Update From Brokers

Clearbridge Investments LLC now owns 12,214,777 shares of the oil and gas company's stock valued at $953,974,000 after buying an additional 655,694 shares in the last quarter. These funds have also shifted positions in (SLB). Net profit margin of Schlumberger Limited (SLB ) was recorded at -6.7 percent, operating profit margin was -6.4 percent, wh...

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  • Fed Raises Key Interest Rate For The Fourth Time Since 2015
Fed Raises Key Interest Rate For The Fourth Time Since 2015

The Fed now sees the unemployment rate ending the year at 4.3 percent, where it sits currently, rather than the 4.5 percent previously expected. In a statement released after Wednesday's meeting, the Fed said it is "monitoring inflation developments closely".

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  • Crude Oil Price Plunges 4% Following Massive Inventory Increase
Crude Oil Price Plunges 4% Following Massive Inventory Increase

USA crude production will average more than 10 million barrels a day for the first time in 2018, breaking a record nearly five decades old and keeping prices from rising as much as previously estimated, government forecasts showed Tuesday.

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  • Federal Reserve interest rates since 2001
Federal Reserve interest rates since 2001

The Fed plans to initially start selling mortgage-backed securities and Treasuries totaling $10 billion a month. "The committee now expects to begin implementing a balance sheet normalization program this year, provided that the economy evolves broadly as anticipated", the Fed said in its statement .

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  • USA retail sales, consumer prices dip
USA retail sales, consumer prices dip

Inflation far outstripped that, with prices rising by 2.7 per cent in the year to April. However Hollingsworth added: "As a result, today's figures shouldn't worry the MPC and, coupled with the ongoing political uncertainty, we expect it to unanimously vote to leave interest rates on hold at tomorrow's meeting".

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  • Oil slides as U.S. climate withdrawal compounds glut concerns
Oil slides as U.S. climate withdrawal compounds glut concerns

Brent LCOQ7, +1.30% , the global benchmark, rose 46 cents, or 0.9%, to $51.21 on ICE Futures Europe. West Texas Intermediate light crude extended gains after the data and was 1.4%, or 68 cents, higher at $49 a barrel, as of 10:33 a.m. The bank said that once OPEC's production growth resumes after its self-imposed cuts, United States and OPE...

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  • Were Analysts Bearish Cousins Properties Inc (NYSE:CUZ) This Week?
Were Analysts Bearish Cousins Properties Inc (NYSE:CUZ) This Week?

California State Teachers Retirement System increased Cousins Properties Inc ( CUZ ) stake by 58.64% reported in 2016Q4 SEC filing. Several other institutional investors have also modified their holdings of the stock. The firm's quarterly revenue was up 147.8% compared to the same quarter a year ago. COPYRIGHT VIOLATION WARNING: This report was...

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  • Asia markets subdued despite Wall St record, eyes on Fed
Asia markets subdued despite Wall St record, eyes on Fed

Fed officials now expect the US unemployment rate to end the year at 4.3 percent, down from the 4.5 percent they predicted in March. The dollar steadied against its Canadian counterpart after skidding to its lowest levels since late February in the wake of hawkish comments from Bank of Canada Governor Stephen Poloz, who signaled that the BOC coul...

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  • French Open day eight snapshot
French Open day eight snapshot

Djokovic and Nadal are seeded to meet in the semifinals. He has also dropped just 20 games in the tournament so far and remains overwhelming favourite to win the Grand Slam yet again. "He is a one of the best players in the world, especially on this surface". It's hard for me to imagine Nadal losing, but if he does I think it'll be to Thiem or...

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  • Federal Reserve raises interest rate by quarter point
Federal Reserve raises interest rate by quarter point

The Committee will carefully monitor actual and expected inflation developments relative to its symmetric inflation goal. If inflation continues to disappoint in the second half, the calls from Fed doves for a rethink will grow. The ILO jobless rate came in at 4.6% in the three months to April, the same rate as seen in the three months to Mar...

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  • Stocks, dollar firm ahead of Fed decision
Stocks, dollar firm ahead of Fed decision

The central bank said it would gradually ramp up the pace of its balance sheet reduction and anticipates the plan would feature halting reinvestments of ever-larger amounts of maturing securities. The central bank had pushed rates to near zero in response to the financial crisis. Regarding US rate-setters' medium-term projections for inflatio...

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  • Fed raises rates and sets plan to shrink balance sheet 'this year'
Fed raises rates and sets plan to shrink balance sheet 'this year'

This would reduce its holdings of Treasury and mortgage-backed bonds, which they acquired in the wake of the financial crisis to support economic growth. In the policy statement, the FOMC said: " Inflation on a 12-month basis is expected remain somewhat below two percent in the near term but to stabilize around the committee's two percent ob...

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  • Six dead in London tower block fire
Six dead in London tower block fire

There are 120 apartments in the building, which was constructed in 1974. There was no immediate word on the cause of the blaze , but the Grenfell Action Group has been warning about the risk of fire at Grenfell Tower since 2013. "It's the most terrifying thing I've ever seen". Eyewitnesses reported seeing the building burning through to "i...

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  • Kylie Jenner flaunts off sexier lips on social media
Kylie Jenner flaunts off sexier lips on social media

However, these recent days, her lips just appeared much bigger than the usual size that she had. Hence, it led her to decide to undergo some lip fillers. E! Entertainment has released a new promotional video for the upcoming reality show following Kylie Jenner , " Life of Kylie ". And earlier this week, they proved just how into each other the...

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  • Traders Observable Stock:ICICI Bank Limited (IBN)
Traders Observable Stock:ICICI Bank Limited (IBN)

Louisiana State Employees Retirement holds 0.19% or 55,900 shares in its portfolio. Zacks upgraded the shares of IBN in report on Tuesday, August 25 to "Sell" rating. United Capital Financial Advisers LLC now owns 17,161 shares of the bank's stock valued at $129,000 after buying an additional 3,392 shares in the last quarter.

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  • Children tossed out of windows in London high-rise blaze
Children tossed out of windows in London high-rise blaze

London Fire Brigade chief Dany Cotton said the building's structure was stable enough for fire crews to work inside. Angus Law, from the Centre for Fire Safety Engineering at Edinburgh University, said the blaze seemingly had similarities with other recent fires worldwide.

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  • Qatar Downplays Effects of Diplomatic Crisis
Qatar Downplays Effects of Diplomatic Crisis

The country shares a land border with Saudi Arabia, and more than half of its food comes from its neighbor, as well as most of its milk. Addressing lawmakers of the ruling Justice and Development Party in Ankara , Erdogan said "depriving Qatari people from food and water, travel, or worship is inhumane, non-Islamic".

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  • The congressman-doctor who treated Scalise on the ball field
The congressman-doctor who treated Scalise on the ball field

The police chief said nothing to shed light on the motive for the shooting. Texas Rep. Roger Williams says a member of his staff was also shot and was receiving medical attention. Tim Slater, Special Agent in Charge of the Criminal Division for the FBI's Washington Field Office, later declined to immediately identify a motivation for the shooti...

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  • Fox News Channel dumps
Fox News Channel dumps "Fair & Balanced" slogan

Fox News executives are getting rid of the channel's trademark slogan "Fair & Balanced" and replacing it with "Most Watched". "Fair & Balanced" hasn't been used in any external marketing or on-air promos since late August 2016. Ailes, 77, died on May 18 at his home in Palm Beach after he was hospitalized for several days due to injuries sustained...

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  • Witness captures Alexandria shooting on cell phone
Witness captures Alexandria shooting on cell phone

Several other people were also wounded, officials said . Trump said Scalise was "shot and badly wounded, and is now in stable condition at the hospital, along with two very courageous Capitol Police officers". Joe Crowley of NY says the House sergeant at arms will be briefing lawmakers on Capitol Hill at 11 a.m. following the shooting of H...

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