Markets
Fed’s Powell Is ‘100%’ Safe, Trump Adviser Hassett Says
It contrasts strongly with the run-up to Christmas when stocks suffered their worst weekly falls in a decade. Trump blasted the Fed on Monday as the US economy's "only problem", and investors have closely followed reports the president had privately discussed the possibility of firing Powell. [Full Article...]
Govt tightens norms for e-commerce firms; Amazon, Flipkart to get affected
Amazon India said it is now evaluating the new rules, while Flipkart did not immediately respond to a request for comment. Under the revised policy, the government also banned exclusive marketing arrangements that could influence product price. [Full Article...]
Japan stocks plunge, other Asia markets fall after US losses
/arc-anglerfish-arc2-prod-jerseyeveningpost-mna.s3.amazonaws.com/public/VSM5YLDJMBEQTDLFHF2L3VTBHQ.jpg)
On Monday, President Trump lashed out at the Federal Reserve, the United States central bank, as the stock market plunged. On Sunday US Treasury Secretary Steven Mnuchin took the unusual step of calling the chief executives of America's six largest banks in a bid to soothe market jitters. [Full Article...]
Dad Catches Every Flight To be With His Flight-Attendant Daughter
But she had some company: her dad Hal. According to a now viral Facebook post , a man identified as "Hal" purchased airline tickets to ensure he would have a seat on every single flight his daughter worked during Christmas . On Christmas, Pierce posted on Facebook to her mother, Kimberly, to let her know that Hal made it safely on all the flights - and even got bumped to first class on one... [Full Article...]
RBI Sets Up Bimal Jalan-Led Panel On Economic Capital Framework
The other members are Economic Affairs Secretary Subash Chandra Garg, RBI Deputy Governor N.S. Vishwanathan and two board members of the RBI - Bharat Doshi and Sudhir Mankad. It was decided in the November 19 board meeting of the RBI that an expert committee would be formed to examine if the central bank's reserves were adequate, going by the global standards, and if in excess, how much mo... [Full Article...]
Thousands remain without power almost a week after B.C. windstorms
/arc-anglerfish-tgam-prod-tgam.s3.amazonaws.com/public/ZOI2JA65W5C6DCGAOBZNQXX324.jpg)
It expected all customers will have their power restored between December 27th and December 31st. BC Hydro says it's one of the "most severe windstorms it has experienced in 20 years". Crews were working round-the-clock Tuesday to restore power losses caused by a windstorm in B.C. last Thursday. More than 900 workers, including crews from as far away as Alberta and the East Coast, were in the fi... [Full Article...]
Boxing Day store sales hit by rise of Black Friday giveaways
However, online sales were predicted to rise from last year with average discounts of 43 per cent, up six per cent since last year, according to research by LovetheSales.com, a discount aggregator. "The line of people was stretching all the way back to the Capital shopping centre", said Matthew Horwood, of Cardiff. Shoppers queued at Braehead from 2.45am. [Full Article...]
Markets full of angst as Wall Street returns from Christmas break
On Monday the Dow was off 18.8% from its October high, while the S&P had fallen 19.8% from its record. That was its worst Christmas Eve performance since 1918. Efforts by Treasury Secretary Steve Mnuchin on Sunday to reassure investors backfired. With the stock market in free fall, exchange-traded fund investors are running for the exits. [Full Article...]