Sunday February 18-th, 2018

US Dollar Index and Treasury Yields Are Stable US Dollar Index and Treasury Yields Are Stable

The central bank announced Wednesday that it would let a small portion of its US$4.5 trillion balance sheet mature without replacing it, starting in October with reductions of US$10 billion a month and gradually rising over the next year to US$50 b...

Fed Chair Janet Yellen warns: Monitor your credit report! Fed Chair Janet Yellen warns: Monitor your credit report!

While traders reassessed the possibility of another USA rate increase, they awaited clues on whether European Central Bank would slow its bond purchases later this year due to an improving economy . "The most important thing Yellen needed to com...

Will Kurdish Vote Trigger Yet Another War in Iraq? Will Kurdish Vote Trigger Yet Another War in Iraq?

In a forceful warning , the Trump administration said the costs of holding the September 25 vote would be high "for all Iraqis, including Kurds". Ankara's national security council will meet on September 22 to discuss the country's official posi...

Federal Reserve Expected to Hold US Interest Rates Steady Federal Reserve Expected to Hold US Interest Rates Steady

The front-month United States oil futures contract was holding onto $50 a barrel at 50.40 as higher than expected crude oil stocks were counterbalanced by a substantial draw in distillate stocks (-5.6 million barrels). The Fed will reduce its bon...

Will Hawkish Yellen Could Help The USD Exchange Rates This Week? Will Hawkish Yellen Could Help The USD Exchange Rates This Week?

The major US stock indexes closed mostly higher Wednesday , led by gains among banks as bond yields rose. That milestone, 10 years after the onset of the financial crisis, has been so well telegraphed by officials that it looks likely to be a non-...

Jose Mourinho: 'Wayne Rooney will be back one day' Jose Mourinho: 'Wayne Rooney will be back one day'

United took the lead after three minutes with a goal of stunning quality. Jose Mourinho's men were aiming to return to winning ways domestically and did just that after recording a somewhat misleading 4-0 victory over the blue half of Merseyside....

Hurricane Irma's Caribbean destruction seen from space Hurricane Irma's Caribbean destruction seen from space

Necker Island, British Virgin Islands , after it was hit by Hurricane Irma . One passenger abandoned a Yorkshire terrier named Oliver, tied to a barricade with airport security tape, as some people were told they could not bring pets.

Cryptocurrency market plummets as BTCC to shut down end of month Cryptocurrency market plummets as BTCC to shut down end of month

What does it cost to create a U.S. dollar? Today, the dollar accounts for roughly two-thirds of all financial and economic transactions globally. Also a few days before China resumed the withdrawal early in June, the Korean bitcoin market severel...

Top state consumer advocate talks Equifax breach Top state consumer advocate talks Equifax breach

If someone tried to open a new credit card in your name, it can be spotted through monitoring. It doesn't damage your credit or stop your credit report from evolving by your own actions. Considering the seemingly endless stream of major hacks that ha...

Census: US Poverty Rate Falls In 2016 Census: US Poverty Rate Falls In 2016

In 2015, household incomes rose 5.2%, the largest increase since records began in 1967. In addition, the number of Americans living in poverty fell to 40.6 million from 43.1 million past year. In seven of Canada's biggest cities, one in every fiv...

Irma damages airports in Miami region, flights grounded Irma damages airports in Miami region, flights grounded

The Mckenzie family from St. Petersburg, Florida made a decision to dodge Hurricane Irma's path and fly to Dallas, "We got the last flight out". If you had a flight to Florida or Georgia planned for this weekend, be sure to check the departur...

Comeback queens of New York seek US Open glory Comeback queens of New York seek US Open glory

Open title for the first time since 2002. On the other side was Petra Kvitova , who is improbably back in the Grand Slam mix after a horrific home invasion and knife attack last December that left her with deep, career-threatening wounds in her pr...

Harvey Makes Louisiana Landfall on 12th Anniversary of Hurricane Katrina Harvey Makes Louisiana Landfall on 12th Anniversary of Hurricane Katrina

The storm hits Louisiana during the 12 anniversary of the devastating Hurricane Katrina making landfall in the state. NFL Network's Mike Garafolo wrote on Twitter that the game was cancelled so Texans players could return home to Houston to...

Univision, Telemundo Criticize DACA Decision Univision, Telemundo Criticize DACA Decision

Trump will face pressure from conservatives and some outside advisers to pair any legislative protections for Dreamers with reductions to legal immigration and stricter border enforcement. Announcing the news on Tuesday, Attorney General Jeff Sessi...

Harvey shuts down major fuel pipeline supplying Alabama, East Coast Harvey shuts down major fuel pipeline supplying Alabama, East Coast

Crews will have to inspect the portions of the pipelines in Houston that are underwater to resume operations. Refiner Motiva has warned customers along the route of the largest USA fuel pipeline to prepare for shortages after Harvey shut refineri...

Insuring Coastal Cities Against the Next Hurricane Harvey Insuring Coastal Cities Against the Next Hurricane Harvey

Congress created the NFIP in 1968 in response to the rising cost of taxpayer-funded disaster relief for flood victims and an increasing amount of damage from floods. He said Farmers deployed 2,000 adjusters to Texas to process home, auto and comm...

Residents head for the pumps as Harvey makes gas prices rise Residents head for the pumps as Harvey makes gas prices rise

Gasoline prices jumped to two-year highs Friday as Hurricane Harvey continued to paralyze refineries and pipelines in Texas. She was heading out of town for Labor Day weekend , so she made a decision to pay the extra money and get on the road.

Residents head for the pumps as Harvey makes gas prices rise Residents head for the pumps as Harvey makes gas prices rise

Gasoline prices jumped to two-year highs Friday as Hurricane Harvey continued to paralyze refineries and pipelines in Texas. She was heading out of town for Labor Day weekend , so she made a decision to pay the extra money and get on the road.

Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels Did Demonetisation Help? Digital Payments Back To Pre-Notes Ban Levels

Despite the chaos caused as people spent days queuing to swap old notes for new and cash-dependent businesses suffered a slump in sales, many people supported demonetization after Modi framed the decision as a fight for the poor against the corrupt...

Harvey Strikes Canada's Oil Sands as Heavy Crude Refineries Shut Harvey Strikes Canada's Oil Sands as Heavy Crude Refineries Shut

The shutdowns led the US government to tap its strategic oil reserves for the first time in five years on Thursday, releasing 500,000 barrels of crude to a working refinery in Louisiana . The refinery outages from Hurricane Harvey have left a very l...

Oil prices fall as refinery production dips in US Oil prices fall as refinery production dips in US

Andrew Lipow, president of Houston-based Lipow Oil Associates LLC, said Texans and those gassing up around the United States can expect fuel prices to jump even further in the coming weeks. In other words, Harvey has disrupted about one-fifth of th...

Torrential rains bring India's financial hub to a halt Torrential rains bring India's financial hub to a halt

Mumbai : Large swathes of Mumbai are submerged in waist-deep water with the weather bureau saying it is possibly the heaviest and longest bout of rain since July 26, 2005. The suburban trains, which are the lifeline of Mumbai , resumed their serv...

Uber may have found its next CEO Uber may have found its next CEO

Khosrowshahi will take on the task of mending Uber's image, repairing frayed relations among investors, rebuilding employee morale and creating a profitable business after seven years of losses. "Even with Uber's business growing and on a path toward...

Uber board has a surprise new CEO pick: Expedia's Dara Khosrowshahi Uber board has a surprise new CEO pick: Expedia's Dara Khosrowshahi

Ultimately, the board decided on the third candidate, Khosrowshahi . The Iranian-American Mr Khosrowshahi has run Expedia for more than a decade, and previous year had total remuneration of $US94.6 million, according to The Wall Street Jo...

Uber's Search For New CEO Almost Over Uber's Search For New CEO Almost Over

The firm claims Kalanick is trying to "acquire the power to pack the Board to facilitate his desired re-appointment as Uber's CEO ". Several Uber investors have told us that they are happy with the decision, saying that Khosrowshai has the right ...

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