• British inflation rate rises to 4-year high of 2.9 pct
British inflation rate rises to 4-year high of 2.9 pct

In addition, the retail price index (RPI) rose by 3.7% last month, after increasing by 3.5% the previous month. Food and beverage prices were four per cent up, on an annual basis, while the price of utilities and housing increased by 2.4 per cent and transportation costs were 1.6 per cent higher compared to a year earlier.

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  • Trump accuses Comey of felony perjury in congressional testimony
Trump accuses Comey of felony perjury in congressional testimony

White House spokesperson Sarah Huckabee Sanders also defended Trump, responding to Comey's assertion that the president had repeatedly lied. Comey's one-on-one discussions with Trump were the focal point of his testimony Thursday before the U.S.

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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

United States stock markets the S&P 500 and the Nasdaq edged down at the close. Though the economy is growing only sluggishly and though inflation remains chronically below the Fed's 2 per cent target, it foresees improvement in both measures over time.

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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 policymakers signaled that they still expect to raise rates once more in 2017. The committee said that labor-market data had improved and the unemployment rate has declined since the group met in May. The Fed began buying the bonds after the Great Recession to try to depress long-term loan rates. Either way, the Fed would be moving in the...

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  • Five Things to Know About the Latest Federal Reserve Rate Hike
Five Things to Know About the Latest Federal Reserve Rate Hike

Even though the Federal Reserve was nearly certain to raise interest rates later in the day, disappointing retail sales and inflation numbers cast doubt on the speed of its monetary policy tightening. The Fed also says it expects to begin reducing its balance sheet this year "provided the economy evolves broadly as anticipated". Fed officials a...

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  • Fire Mueller? Don't even think about it
Fire Mueller? Don't even think about it

Mueller is also looking into possible financial crimes among Trump's administration and campaign apparatus, the paper said . The Times reported Trump has been bothered by conservative news reports that Mueller was close to fired Federal Bureau of Investigation director James Comey .

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

The Consumer Price Index, which tracks changes in the cost of household goods and services, declined 0.1 per cent compared to April. Economists had forecast that it would remain at 2.7 percent. "On the other hand, with wage growth continuing to slow and inflation still rising, real pay is down on the year". Given the reliance on the services se...

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  • Price Target Analysis of: Duke Realty Corporation (DRE)
Price Target Analysis of: Duke Realty Corporation (DRE)

They expect $0.40 EPS, up 14.29% or $0.05 from last year's $0.35 per share. Kimco Rlty Corp now has $8.24 billion valuation. The stock, after opening at $19.22, hit $19.44 through the close by scoring 0.78%. Analysts await Kimco Realty Corp (NYSE:KIM) to report earnings on July, 26. Next quarter's EPS is forecasted to be $0.44 with next year's EPS ...

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  • A Chinese tycoon just went on a very mysterious leave of absence
A Chinese tycoon just went on a very mysterious leave of absence

Anbang earlier this month denied a Financial Times report that Wu had been prevented from leaving the country, citing four sources who had business dealings with him. It also follows the mysterious disappearance in January of Xiao Jianhua, a China-born billionaire who was escorted out of his luxury hotel in Hong Kong by Chinese authorities ...

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  • Fed raises rates by further 0.25%; signals one more hike this year
Fed raises rates by further 0.25%; signals one more hike this year

One FOMC member, Minneapolis Federal Reserve Bank President Neel Kashkari, dissented, voting against the rate hike, preferring to keep policy on hold for now. "It's a Fed day and the markets will likely not blink an eye as the FOMC raises rates by 25 basis points", said Peter Cardillo, chief market economist at First Standard Financial in NY.

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  • Crude Oil Rebounds As Dollar Falters
Crude Oil Rebounds As Dollar Falters

American crude production will average more than 10 million barrels a day in 2018, breaking a record nearly five decades old, according to the EIA's monthly Short-Term Energy Outlook report Tuesday. Brent crude prices fell by a steep 4 percent to settle at $48.06 a barrel. Ole Hanson, the head of commodity strategy at SaxoBank, told UPI in resp...

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  • Amazon Prime subscriber? Amazon Reload is a no-brainer
Amazon Prime subscriber? Amazon Reload is a no-brainer

Amazon .com, Inc. ( NASDAQ:AMZN ) wants its Prime members to ditch credit cards and use their bank accounts to fund purchases instead, similar to how programs from Starbucks and others work. Two percent isn't a whole lot of money but over time, it'll add up. This way, it gets to bypass those fees while passing along some of the savings to you.

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  • United States consumer prices dip 0.1 per cent in May
United States consumer prices dip 0.1 per cent in May

Paul Hollingsworth, an economist with Capital Economics , said he believed the data showed the drop in the pound has fed through into inflation more quickly than expected. This eased inflation on a year-on-year basis to 1.9 percent and thereby marks the first reading below 2 percent since November 2016. Inflation climbed to a near four-year high...

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  • Price Target Analysis Cabot Oil & Gas Corporation (COG)
Price Target Analysis Cabot Oil & Gas Corporation (COG)

The company had Year Ago Sales of 246.82 Million. The Caymus Capital Partners Lp holds 294,800 shares with $6.89M value, down from 682,100 last quarter. This is a boost from Cabot Corporation's previous quarterly dividend of $0.30. Since May 5, 2017, it had 0 insider purchases, and 1 insider sale for $90,136 activity.

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  • Fed raises rates, gives details on balance sheet reduction
Fed raises rates, gives details on balance sheet reduction

The idea is to ensure that the US economy doesn't overheat. That large disconnect between the market and the Fed was one of the root causes of the imbalances that plagued global financial markets in late 2015 and the first few months of 2016.

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  • Start of USA driving season supports oil, but oversupply worries fester
Start of USA driving season supports oil, but oversupply worries fester

EDT (1533 GMT). In other news , on Thursday, crude oil posted a two-sided trade, first rallying after official USA data showed crude inventories fell sharply last week as refining and exports surged to record highs. "It seems Dubai oil prices will find it hard to hit $60 a barrel for the time being", Kim said at a briefing. OPEC crude ...

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  • Is there Upside to Bitauto Holdings Limited (NYSE:BITA) Stock?
Is there Upside to Bitauto Holdings Limited (NYSE:BITA) Stock?

PINCHUK NICHOLAS T also sold $3.54M worth of Snap-on Incorporated (NYSE:SNA) shares. The SI to Usg Corporation's float is 13.54%. About 366,342 shares traded. Therefore 75% are positive. Analysts on average have given a price target of $30.74 to Murphy Oil Corporation (MUR ) stock. The company was downgraded on Wednesday, December 7 by Credit Su...

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  • Markets show little reaction to rate increase
Markets show little reaction to rate increase

Though investors have pegged the likelihood of a rate increase Wednesday at near 100 percent, there's much less certainty about the prospect or timing of any further hikes. The policymakers signaled that they still expect to raise rates once more in 2017. The Fed's revised forecasts reduced its estimate for unemployment by year's end to 4.3 perce...

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  • Donald Trump sued by two states over business links
Donald Trump sued by two states over business links

The lawsuit said heavy spending by foreign diplomats and embassies at the Trump International Hotel just a few blocks from the White House, payments made by foreign entities at his Trump Tower and Trump International Tower in NY, and other business operations effectively violate the US Constitution's ban on presidents enriching themselv...

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  • Rules to help defrauded students clear loans being revised
Rules to help defrauded students clear loans being revised

DeVos said the department is still granting debt relief that the students are entitled to by law as expeditiously as possible, and some borrowers should expect to obtain discharges within the next several weeks. The Borrower Defense to Repayment rule clarified how student borrowers who were defrauded or misled by their college can apply for loan fo...

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  • How Analysts Feel About Boohoo.Com PLC (LON:BOO)?
How Analysts Feel About Boohoo.Com PLC (LON:BOO)?

Ashtead Group PLC had 166 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by Macquarie Research on Wednesday, January 27 to "Neutral". The rating was maintained by BNP Paribas with "Outperform" on Friday, September 9. HSBC Holdings plc restated a "hold" rating and set a GBX 200 ($2.53) target price on shares ...

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  • Congressmen Credit Capitol Police for Preventing 'Massacre'
Congressmen Credit Capitol Police for Preventing 'Massacre'

Asked about security, he said it would likely be stepped up, but said "We've got to stop". Among those victims were House majority whip Steve Scalise , who was standing on a first base when he was shot in the hip, according to the Associated Press.

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  • DUP head arrives for talks with United Kingdom leader May
DUP head arrives for talks with United Kingdom leader May

She mocked Labour leader Jeremy Corbyn , a socialist, as incompetent and unrealistic, but his electoral campaign energised the youth vote and wiped out the Conservatives' majority in parliament. The DUP campaigned for Brexit but is mindful 56% of people in Northern Ireland voted Remain. While the DUP are deeply eurosceptic, they have balked at...

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  • London fire could delay deal between UK PM May's Conservatives and DUP
London fire could delay deal between UK PM May's Conservatives and DUP

Jeremy Corbyn , leader of the opposition Labour Party, which saw its number of parliamentary seats and share of the vote increase, said there could be another election this year or early in 2018 after Thursday's vote produced no clear winner.BREXIT CIVIL WAR? However, nothing can be written down until the exact contents of the speech are finali...

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  • Verizon completes $4.5bn acquisition of yahoo
Verizon completes $4.5bn acquisition of yahoo

Verizon Communications Inc . executives descended on the Silicon Valley headquarters of their latest acquisition, Yahoo! He has been leading integration planning teams since the Yahoo transaction was announced in July 2016, and Oath begins operation as a global leader in digital and mobile.

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  • US oil production seen thwarting OPEC effort to boost prices
US oil production seen thwarting OPEC effort to boost prices

The Fed "met expectations and delivered a dovish hike", said Brian Jacobsen, chief portfolio strategist at Wells Fargo Funds Management in Menomonee Falls, Wis. Prices for both contracts were set to end the session at their lowest levels since November. Analysts estimated, on average, that crude stocks fell 2.7 million barrels in the week ended Jun...

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  • NKorea frees US college student; family says he's in coma
NKorea frees US college student; family says he's in coma

Secretary of State Rex Tillerson did not note in his official comment Tuesday morning. Mr Warmbier's release comes hours after U.S. basketball star Dennis Rodman arrived in North Korea , but it is not clear if the two events are linked.

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  • Sessions Testifies About Russia Meetings In Senate Hearing
Sessions Testifies About Russia Meetings In Senate Hearing

He has been under renewed scrutiny since his role came up several times during testimony before the Intelligence Committee last week by James Comey , whom President Donald Trump fired as Federal Bureau of Investigation director. "This is a secret innuendo being leaked out there about me, and I don't appreciate it", he added. "I don't think it ...

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  • President Trump Unveils Plan to Privatize America's Air Traffic Control System
President Trump Unveils Plan to Privatize America's Air Traffic Control System

Proponents of the privatization plan suggest that implementing it could have myriad benefits - among them reduced delays and lower greenhouse gas emissions (arguing that planes could travel more efficiently.) "Today's White House announcement puts consumers first - ahead of the status quo", said Nicholas Calio, president and chief executive of a...

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  • Attorney General Sessions to Face US Senate Panel in Public
Attorney General Sessions to Face US Senate Panel in Public

Attorney General Jeff Sessions' announcement that he would testify before Senate Russia investigators caught everyone - including the intelligence committee - by surprise. A third area of vulnerability for Sessions also arose from the Comey hearing. Senate Democratic Leader Charles Schumer called Sessions' agreement to testify in the open ...

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  • Trading Focus: A Deep Dive into Sensus Healthcare Inc (SRTS)
Trading Focus: A Deep Dive into Sensus Healthcare Inc (SRTS)

The company has market cap of $5.66 billion. The specialty pharmaceutical company reported $2.80 earnings per share (EPS ) for the quarter, topping the Thomson Reuters' consensus estimate of $0.87 by $1.93. Investors sentiment decreased to 0.78 in 2016 Q4. Its down 0.01, from 1.04 in 2016Q3. It dived, as 82 investors sold Valeant Pharmaceuticals...

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  • Attorney General Jeff Sessions says he was never briefed on Russia probe
Attorney General Jeff Sessions says he was never briefed on Russia probe

They avoided any and all questions about Trump. "You're impeding this investigation", Sen. Two of the letters were sent when Comey was still director, and requested the FBI "investigate all contacts the Russian ambassador, or any other Russian officials, may have had with Attorney General Jeff Sessions or his staff".

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  • North Korea releases U.S. citizen Otto Warmbier
North Korea releases U.S. citizen Otto Warmbier

For North Korea to imprison Otto with no notification or consular access for more than a year is the utmost example of its complete failure to recognize fundamental human rights and dignity. Warmbier said he accepted the offer because his family was "suffering from very severe financial difficulties". "We still have three Americans who are bein...

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  • Sessions says he was never briefed on Russian interference
Sessions says he was never briefed on Russian interference

Senator Angus King, an independent, questioned Sessions' legal basis for refusing to answer. The attorney general said he formally removed himself from any federal investigations involving President Donald Trump's campaign because of a USA statute.

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  • Uber CEO Takes Leave of Absence Amidst Management Shakeup
Uber CEO Takes Leave of Absence Amidst Management Shakeup

Minutes later, Uber released 13 pages of recommendations to change the company, which were the result of an investigation into its culture conducted by former attorney general Eric Holder and his law firm, Covington & Burling. The move confirmed what has been reported in the media since Sunday, that the 40-year-old co-founder of Uber , a s...

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