Economy

Stock markets plunge, Dow and S&P 500 in 'correction'

Do not forget to update your bookmarks. Analysts and traders say the sell-off had begun a major correction to nine years of near uninterrupted gains for Wall Street. The Dow closed down 666 points, or 2.5 percent - the largest percentage decline since the tumult surrounding Brexit in June 2016. It was the second-worst single-day point drop in history, beaten only by the record set after t... [Full Article...]

Biggest 1-day drops for the Dow Jones industrial average

Biggest 1-day drops for the Dow Jones industrial average Heavy selling in the U.S. Treasury market caused the 10-year yield to spike to 2.85 percent last week, worrying Wall Street about inflation and faster rate hikes from the Federal Reserve . Boston-based LPL Research released a report titled "Volatility is Back", which pointed to fear of rising interest rates as the source of the recent swings but cautioned that the economy is fundamentally str... [Full Article...]

Stocks Clawing Back Losses after Early Session Weakness

Stocks Clawing Back Losses after Early Session Weakness The Dow Jones Industrial Average closed down by 1,175 points, or 4.6 per cent, its biggest fall in more than six years. Monday's losses came on top of Friday's 666-point drop in the blue-chip index , which resulted in the worst week for the index in two years. [Full Article...]

Stocks nose-dive; Dow off 665.75

Stocks nose-dive; Dow off 665.75 Japan's 10-year yield dipped one basis point to 0.086 percent. Rising rates can undercut appetite for stocks if government paper offer richer yields than risk assets like stocks. The bond market has also been struggling with the idea that rising inflation could push the Federal Reserve to raise interest rates more than the three times central bank officials have forecast for this year. [Full Article...]

Tax Season Scams: Tips to Avoid Becoming a Victim

Tax Season Scams: Tips to Avoid Becoming a Victim The bonus is, you get your refund earlier . Dishonest tax preparers can commit fraud in a number of ways. However, you should consider whether receiving your refund a couple of weeks sooner is worth the cost of the tax preparation service. [Full Article...]

Mnuchin says not concerned where dollar is in short-term

Mnuchin says not concerned where dollar is in short-term On Thursday, Mnuchin appeared to walk back his comments from the day before. While Mnuchin's pronouncements rattled nerves already frayed by protectionist talk , they echoed a sentiment voiced repeatedly by his boss, who has long complained that the strength of the USA dollar and weakness of other currencies is behind America's large trade deficit with major trading partners. [Full Article...]

No holidays from tennis for Federer and Cilic

No holidays from tennis for Federer and Cilic One local bookmaker says it has already paid out A$500,000 to punters who backed world number two Federer to retain the title he won in a thriller against Rafael Nadal past year. 'I could tell something was wrong before he took the injury timeout, but he has a great composure, ' said Federer. Instead, it was perhaps Cilic's nerves - and his wayward backhand - benefiting Federer the most early ... [Full Article...]

Hundreds of workers in Montreal demonstrate for better NAFTA deal

Hundreds of workers in Montreal demonstrate for better NAFTA deal Canadian chief negotiator Steve Verheul described the mood at the talks as "still reasonably constructive" and said the US side would take the auto proposals back to Washington. Canadian tariffs on dairy products average a whopping 250 percent, so clearly there is room for improvement. California would be hit the hardest in terms of job losses. [Full Article...]

European Central Bank monetary stimulus still needed to push up inflation -Draghi

European Central Bank monetary stimulus still needed to push up inflation -Draghi Appropriately enough, the Australian and New Zealand Dollars the highest-yielding currencies in the G10 FX space led the way higher against their United States counterpart. Those remarks broke with a twenty-year USA policy of speaking in favor of a strong dollar. This basically led to a reversal of the entire move upwards in the euro and finally we have the pair trading just above the 1.24 regio... [Full Article...]

Michigan State Delayed Sending Larry Nassar Files in Title IX Investigation

Michigan State Delayed Sending Larry Nassar Files in Title IX Investigation Nassar assaulted scores of girls and young women during the last quarter century when he was supposed to be treating them for injuries in a sports clinic on Michigan State's campus. Because of that culture of convenient quiet, Simon has been held accountable by her employer, and ultimately will be called to answer to her God. [Full Article...]

South Korea Announces Deadline for Halt of Anonymous Crypto Trading

South Korea Announces Deadline for Halt of Anonymous Crypto Trading Those that do not have bank accounts in South Korea will not be able to trade inside South Korea . Europe has also started to look into regulating the cryptocurrency market. Using an account from a different bank from the exchange will only allow them to withdraw money. Other crytocurrencies, such as Ether, have also fallen sharply in the past week. [Full Article...]

Philadelphia Eagles Fan Slamming into Pole, Subway ... ... NEW Hilarious Angle!!!

Philadelphia Eagles Fan Slamming into Pole, Subway ... ... NEW Hilarious Angle!!! Take that, Philadelphia! And let me steal your Uber money while we show you which fan base has better manners! You gave us 13 wins this season, and in every single one of them you played your heart out. Three men celebrate on Broad Street on January 21 after the Eagles win the NFC Championship title and advance to the Super Bowl. "I would probably sell a vehicle or sell a time share or somet... [Full Article...]

Mnuchin says weaker dollar helps United States trade in short term

Mnuchin says weaker dollar helps United States trade in short term It was always an unspoken rule that the executive branch would also tout the "Strong Dollar" policy while privately wishing for the mercantilist dream of currency devaluation. It was down half a percent against a basket of currencies in European trade. What are the downsides of a weak global reserve currency? Among oil stocks, Oil Search is rising 0.6 percent, Woodside Petroleum is advancing 0... [Full Article...]

Roger Federer Qualifies For Semifinal of 2018 Australian Open

Roger Federer Qualifies For Semifinal of 2018 Australian Open His loss to Chung , whose unbelievable court coverage reminded those watching of Djokovic himself, wasn't fully unexpected. The year's opening Grand Slam has been notable for the emergence of South Korea's Chung Hyeon and British hope Kyle Edmund . [Full Article...]

Kyle Van Noy playing in second-straight Super Bowl

Then I started getting some confidence and today we did just enough to win. Jimmy Garoppolo continues to win, even when he's not on the New England Patriots . It is the fewest penalties called on one team in a playoff game since the 2011 AFC championship when the Patriots were called for one penalty in a win over the Ravens . [Full Article...]

Solar cell tariff will 'jack up' prices for a while: Enel CEO

A new 30 percent tariff on imported solar cells will hurt solar companies in New Mexico and elsewhere, but industry representatives say they can withstand the impact. As more solar power goes on line, the hardware steadily declines in price. Tesla uses imported cells and produces its own cells with Panasonic, which are used in traditional solar panels and its new solar tiles product. [Full Article...]

Facebook's Mark Zuckerberg change of heart just cost him $3.3 billion

Facebook's Mark Zuckerberg change of heart just cost him $3.3 billion Netizens have had mixed responses to Mr. Zuckerberg's post on the changes on Facebook . That may be true, but you have to consider that in the digital advertising industry, the platforms or media are effectively a duopoly composed of Facebook and Google, with both companies in 2017 holding 60 percent of digital ad spending. [Full Article...]

Have regulatory fears finally burst the bitcoin bubble?

Have regulatory fears finally burst the bitcoin bubble? Bitcoin's price fell below $10,000 as a dramatic sell-off of all cryptocurrencies entered its second day, amid fears over tighter regulations in Asian markets. But the proposed move by South Korea would go even further, meaning an outright ban rather than restricted access, and is reportedly inspired by a desire to target "speculative frenzy and crime" associated with cryptocurrencies. [Full Article...]

Dow surges 300 points, closes above 26000 for first time

Dow surges 300 points, closes above 26000 for first time S&P 500 e-minis were up 12.75 points, or 0.46 percent, with 276,816 contracts traded. First Hawaiian Bank reduced its stake in shares of SPDR Dow Jones Industrial Average ETF (NYSEARCA: DIA ) by 15.2% during the 4th quarter, HoldingsChannel.com reports. [Full Article...]

NFC championship game: 10 fast facts for Vikings-Eagles

NFC championship game: 10 fast facts for Vikings-Eagles The Eagles are 3 ½-point underdogs to the Vikings, who are seeking to become the first dome team to win a conference championship playing a road game outdoors. Louis Rams during the 2015 season. After Philadelphia drafted Wentz No. 2 overall in 2016, the organization traded Bradford to the Vikings. And when Philly's season was on the line last week, Foles threw for 246 yards and didn't turn it o... [Full Article...]


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