Economy

Microsoft co-founder Bill Gates has no idea what groceries cost

Microsoft co-founder Bill Gates has no idea what groceries cost

So wealthy, in fact, that he doesn't need to go to the grocery store, a state of affairs recently confirmed by Ellen DeGeneres . The Microsoft founder made his first appearance on The Ellen DeGe...

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The US Federal Reserve will continue raising interest rates

The US Federal Reserve will continue raising interest rates

Stocks fell sharply in recent weeks as signs of inflation spooked investors anxious about a more rapid rise in interest rates. Some members upgraded their forecasts. After inflation worries knocke...

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Will the FCC overturn net neutrality?

Will the FCC overturn net neutrality?

But it should be noted that at the moment, the net neutrality rules still apply in the USA, despite the FCC vote. Earlier this month, technology companies including Alphabet Inc and Facebook Inc t...

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CBI arrests PNB GM, seals Nirav's Alibaug farmhouse

CBI arrests PNB GM, seals Nirav's Alibaug farmhouse

The ED also froze mutual funds and shares worth Rs 7.80 crore belonging to Modi and worth Rs 86.72 crore of those belonging to the Mehul Choksi Group. The Central Bureau of Investigation is looking ...

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National Margarita Day: Find the best drinks in Tampa Bay

National Margarita Day: Find the best drinks in Tampa Bay

Now that Presidents Day is officially out of the way, it's time to celebrate National Margarita Day. You can get more details on the restaurant's Facebook page . But Toledo's Mexican restaurant cer...

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As Mortgage Rates Flatten, Markets Anticipate Federal Reserve Speeches

As Mortgage Rates Flatten, Markets Anticipate Federal Reserve Speeches

The economic growth is backed by tax cuts and rising consumption and confidence in the economy. The kiwi rose to 93.69 Australian cents and earlier touched 93.76 cents, the highest since early Augus...

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OPEC and Allies to Discuss Long-term Oil Cooperation in June

OPEC and Allies to Discuss Long-term Oil Cooperation in June

The OPEC deal is closer than ever to meeting its market rebalancing goals, with OECD inventories now just 74 million barrels above the five-year average recorded in January 2017, according to a re...

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Florida students walk out of schools, press lawmakers for tougher gun laws

Florida students walk out of schools, press lawmakers for tougher gun laws

Despite their enthusiasm and determination, the students and their supporters aren't likely to get what they really want: a ban on AR-15s and similar semi-automatic rifles. "They'd go for special trai...

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Fed Minutes: More Interest Rate Hikes Incoming

The Federal Open Market Committee signaled in its post-meeting statement that it expected "further gradual increases" in the benchmark lending rate after forecasting three hikes for 2018 in December...

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Barclays numbs news of 2017 loss with dividend promise

Barclays numbs news of 2017 loss with dividend promise

Profit in the Barclays International division was down 22 per cent, driven by a 4 per cent fall in income from its investment bank and rising impairments, the bank said. Barclays declared its inten...

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PF interest rate slashed to 8.55%

PF interest rate slashed to 8.55%

As per practice, the finance ministry ratifies the interest rates approved by CBT because the EPFO is an autonomous organisation and provides interest on EPF deposits from its own income. Trustees...

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McDonald's bringing back Szechuan sauce again

McDonald's bringing back Szechuan sauce again

McDonald's finally announced on Thursday that it is bringing back the sauce , following months of petitions , bidding wars and protests outside fast food restaurants, Starting on Monday, 20 mill...

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Bitcoin Exchange Accidentally Drops Prices to Zero

Bitcoin Exchange Accidentally Drops Prices to Zero

Last week, two cryptocurrency trade organizations in Japan met to discuss the formation of a self-regulating body for the market. When the clients realized what was happening, some made a decision...

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CBI arrests PNB's GM-rank officer

CBI arrests PNB's GM-rank officer

Modi and Choksi are at the centre of the biggest ever bank fraud that has hit the country´s second largest lender Punjab National Bank . The other accused produced before the court were Rajesh Jind...

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Gold futures rise slightly ahead of Fed minutes

The MSCI Emerging Market Index declined 0.7 percent, the biggest decline in more than a week. Facebook was up 2.8 percent Wednesday, JPMorgan Chase rose 1.6 percent and Amazon rose 1.8 percent. Bi...

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Existing-Home Sales Tumble in January

Existing-Home Sales Tumble in January

The housing market is slowing, and pressures will only build as the year goes on. Existing-home sales in January was the largest year-over-year drop in over three years, according to new data from...

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13 digit mobile numbers coming to India soon : says reports

13 digit mobile numbers coming to India soon : says reports

The ministry further added that DoT has approved the 13 digit protocol for SIM based M2M machines, which will coexist with the 10 digit mobile numbering scheme, that is allocated for the Unified Licen...

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DISH Network (DISH) Posts Earnings Results, Beats Expectations By $2.09 EPS

DISH Network (DISH) Posts Earnings Results, Beats Expectations By $2.09 EPS

The stock has "Hold" rating by HSBC on Wednesday, September 30. About 12,717 shares traded. FBR Capital maintained it with "Outperform" rating and $60.0 target in Monday, August 10 report . The stock...

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Weaker pound boosts London stocks dollar remains firm

Weaker pound boosts London stocks dollar remains firm

The Fed's more upbeat take on inflation, as seen in the minutes of the January 30-31 policy meeting released on Wednesday, will likely further cement expectations that new Fed chief Jerome Powell ...

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Jeff Bezos builds giant solar power clock

Jeff Bezos builds giant solar power clock

According to Bezos' tweet, the clock will be powered by day and night thermal cycles and synchronized at solar noon. You can read Bezos's account of that and view photos of the progress here. The site...

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Guess co-founder steps aside amid Kate Upton allegations

Guess co-founder steps aside amid Kate Upton allegations

The retailer announced in a press release Tuesday that cofounder Paul Marciano will be "relinquishing his day to day responsibilities pending the completion of the investigation". "After I pushed...

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JPMorgan to build brand new headquarters in NY

JPMorgan to build brand new headquarters in NY

The bank plans to build a 2.5 million square foot headquarters at its existing office site of 270 Park Avenue, according to a statement. "With a new headquarters at 270 Park Avenue, we are recommitt...

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Cabinet decision ends Coal India's monopoly, stock trades negative on exchanges

Cabinet decision ends Coal India's monopoly, stock trades negative on exchanges

On being asked whether this move would become a threat to Coal India , Piyush Goyal said that it would instead help it as competition would ensure efficiency and that commercial mining will not have ...

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Uber rolls out transit-style Express Pool service in Denver

Uber rolls out transit-style Express Pool service in Denver

The company's Express Pool service, piloted previous year in San Francisco and Boston, is now available to customers in Los Angeles. The fares are up to 50 percent cheaper than UberPool and 75 perce...

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BB&T Corporation (BBT), NXP Semiconductors NV (NXPI)

BB&T Corporation (BBT), NXP Semiconductors NV (NXPI)

NXP Semiconductors NV (NASDAQ: NXPI ) gross margin percentage stands at 49.9% while its operating margin for the past trailing twelve month is 22.3 percent and its overall profit margin (ttm) is 23.9...

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