Thursday, 22 March 2018
Latest news
Home » Money


Toys "R" Us could close an additional 200 stores


Last month, the New Jersey-based retailer revealed that it would close 182 stores . The Journal also reports Toys "R" Us is now telling workers that there is no severance pay if they are let go. Meanwhile, CNBC has reported that Toys R Us is potentially at risk of breaching the covenant on one of its loans. "The actions we are taking are necessary to give us the best chance to emerge from our bankruptcy proceedings as a more viable and competitive company". Read More »

Ads and injunction in BC-Alberta dispute


A new poll reveals Canadians are virtually split on the current dispute between B.C. and Alberta over pipelines and wine. Recently, we announced our intention to speak to British Columbians about what safeguards should be in place to protect our environment or our economy and our coast. Read More »

Chesapeake Energy Corporation (CHK) Stock Price Increases Today


Chesapeake Energy Corporation (NYSE: CHK ) closed its last session at $2.63. Chesapeake Energy Corporation (CHK ) has shown a downward trend during time of recent session. The oil and gas exploration company reported $0.30 earnings per share for the quarter, beating analysts' consensus estimates of $0.25 by $0.05. The natural gas company posted revenue of $2.52 billion in the period. Read More »

United States women figure skaters unlikely to medal after falls


With the gold medal on the line, the women take to the ice in the final figure skating competition at the 2018 Winter Olympics. The only question is whether Zagitova can hold off teammate Evgenia Medvedeva , who had set the previous scoring record perhaps 15 minutes earlier at the Gangneung Ice Arena. Read More »

Airbnb Plus Will Make Sure Your Rental Isn't a Dump


Airbnb will also add options of Airbnb for family and Airbnb for work. And over the last 10 years, Airbnb hosts reportedly earned more than $41 billion. "The question that cities and neighborhoods should be asking-will these "Plus" or "Boutique" listings include commercial operators exploiting Airbnb's platform to run illegal hoteling schemes that have fractured our communities, raised serious safety concerns and increased the price of rent while depleting affordable housing options?" This is ... Read More »

Bill Gates is pretty bad at guessing grocery prices


The Microsoft founder made his first appearance on The Ellen DeGeneres Show, and in true Ellen fashion, she didn't let him leave before playing a silly game: "Bill's Grocery Bills". However, we're not sure where Gates gets his pizza rolls because he thought a bag of 120 rolls cost $22. Bill was way off the mark on most of his guesses apart from dental floss which he was just a few cents away from the actual price. Read More »

Shares in Rice Midstream Partners LP (RMP) Acquired by Ferris Capital LLC


Goldman Sachs upgraded the stock to "Neutral" rating in Monday, June 26 report. As per Friday, September 8, the company rating was downgraded by Goldman Sachs. It has a 20.17 P/E ratio. Since September 11, 2017, it had 0 insider buys, and 1 sale for $430,716 activity. BB&T Securities LLC now owns 31,895 shares of the pipeline company's stock valued at $2,331,000 after acquiring an additional 4,242 shares during the period. Read More »

Fed expected to decide rate hike in March


We've been living through the weirdest time in economics when interest rates have been unbelievably low, we feared deflation and prayed for inflation, wage rises were as scarce as hen's teeth and most stock markets have rocketed along, thanks to central banks throwing money at our economic problem. Read More »

FCC expected to reverse net neutrality rules


Nevertheless, net neutrality supporters say the repeal will allow broadband companies to act as gatekeepers of how people use the Internet, for example empowering Internet providers to prioritize their own video-streaming services over competitors'. Read More »

Six arrested as Indian finance minister slams oversight lapses


The agency also placed Rajesh Jindal, who was the head of the Brady House branch in Mumbai during 2009-2011, under arrest yesterday night. Since PNB disclosed the fraud last week, the bank, auditors and the Reserve Bank of India ( RBI ) have been under the spotlight over how they could have failed to detect such a scam. Read More »

Stronger economy boosts chance for rate hikes: Fed officials

While the corporate tax cuts and other reforms may boost productivity and lift economic potential, most of the stimulative effects will fade in 2019 and 2020, leaving behind an economy with a higher debt burden than before. A first proper insight into Powell's thinking as Fed chairman will come next Wednesday during a scheduled appearance before Congress. Paul Ashworth, chief US economist at Capital Economics, said he is forecasting four Fed rate hikes this year on the basis of his ... Read More »

OPEC seeks permanent Russian Federation alliance to boost upstream investment: UAE minister


Mazrouei declined to say when this draft agreement would be finalized, other than to express that he hopes it can be signed and delivered by the end of the year, when his stint in the rotating OPEC presidency will conclude. The Saudi minister also said that OPEC would discuss in April and in June how exactly to measure the global oil stocks, because the center of demand has shifted from OECD to non-OECD countries. Read More »

Florida Lawmakers Reject Bill to Ban Assault Weapons

Dozens of students from Parkland and Pulse shooting survivors are in Tallahassee demanding lawmakers change the state's gun laws. A walkout was also planned at Cypress Lake High School in Fort Myers, Estero High School, East Lee County High in Lehigh Acres, and many other schools. Read More »

Barclays numbs news of 2017 loss with dividend promise


Misconduct and litigation costs came to £1.2bn, including a £700mln charge related to the payment protection insurance (PPI) scandal. He took charge of the bank in 2015 and is its fifth CEO in seven years. US President Donald Trump's new tax legislation resulted in a one-off charge of £901mln due to the re-measurement of double taxation agreements. For 2018, Barclays anticipates resuming a total cash dividend of 6.5p per share, subject to regulatory approvals. Read More »

Provident Fund interest rates reduced; check the new rate here


This is the third straight year that the provident fund organisation has cut the interest rate . According to The Indian Express , Labour Ministry suggested that the decision came in accordance with the Finance Ministry's advise which indicates that the rate cut this year will help in a hike in EPF next year. Read More »

Bitcoin sold free due to glitch at Japanese exchange


A Reuters report said the exchange nullified the error after it was discovered. The Japanese exchange is one of the 16 that are registered with the government. The bitcoin enterprising investor attempted to pull out 2,200 trillion yen from the service, or around $20 trillion. The latest flub could draw further attention to security and systems at cryptocurrency exchanges, which were already under scrutiny in the wake of the Coincheck heist. Read More »

SC to hear PIL seeking deportation of Nirav Modi


At an event in New Delhi on February 20, finance minister Arun Jaitley said that supervisory agencies need to assess what new systems are required to detect irregularities. He said the agency wanted to recover the documents relating to issuance of LOUs which were handed back by Shetty after transactions and unearth utilisation of the proceeds of the defrauded amount. Read More »

Technology companies, banks lead gains for US stocks

Some Federal Reserve officials think there's a good chance that inflation remains below their 2% target, according to the minutes of their most recent meeting released on Wednesday. U.S. Treasury yields helped to strengthen the dollar, rising as the bond market braced for this week's $258 billion deluge of new government debt. The Japanese yen sank 0.5 percent to 107.13 per dollar. Read More »

Cruise ship brawl: 23 passengers removed from Carnival Legend


The Carnival Legend was bound for the Australian city of Melbourne when the fight began in the early hours of Friday. It's unclear exactly how and why the fights started, but one family member told local media it may have originated because of a misunderstanding after someone stepped on someone else's flip-flop. Read More »

Existing-Home Sales Down, But Prices Go Up


Economists polled by Reuters had forecast home sales rising 0.9 percent to a rate of 5.60 million units in January. Across the country, existing-home sales were off by 4.8 percent from their January 2017 levels. All told, 43 percent of homes sold were on the market for less than one month. The weakness in home re-sales largely reflects supply constraints rather than a lack of demand, with the lack of available homes limiting sales, even as the NAR reports that more people are visiting open ... Read More »

How the BC budget tackles the province's housing crisis


Finance Minister Carole James said by eliminating the premium, it is falling in line with the other provinces. Once fully implemented, the measures will bring in more than half a billion dollars annually to the treasury. James credited a strong and growing economy for being able to increase spending without resorting to deficits, although it does include a range of new taxes or tax increases. Read More »