The U.S. Consumer Product Safety Commission issued the recall today for roughly 5.7 million Contigo Kids Cleanable Water Bottles sold in the United States, as well as 157,000 bottles sold in Canada and 28,000 in Mexico. Anyone with the affected products is asked to immediately stop using them and take them from children. Contigo put out instructions on its website to help consumers identify the di... [Full Article...]
In an unprecedented step or can it be called "historic", the Central Board of the Reserve Bank of India (RBI) on 26 August chose to transfer record Rs 1.76 lakh crore to the Modi government digging deep into its reserves with an ostensible objective of extricating the country's economy from its economic woes that are largely of its own making rather result of external circumstances. [Full Article...]
A former top Federal Reserve official suggested Tuesday that the Fed should avoid responding to the effects of President Donald Trump's trade war with China and even consider how its actions might affect Trump's re-election prospects - an argument that drew an unusual rejection from the Fed. [Full Article...]
The U.S. 30-year Treasury yield fell to a record low of 1.906% US30YT=RR and was last down 6 basis points on the day. The yield on Australia's benchmark 10-year note, which moves inversely to its price, slumped almost 3-1/2 basis points to 0.884 percent, the yield on the long-term 30-year bond plunged 6 basis points to 1.489 percent and the yield on short-term 2-year slipped 1-1/2 basis points... [Full Article...]
The bank added that recent headlines concerning a de-escalation in trade tensions between the United States and China, which have rocked the world's stock markets over the past year, have not been enough to trigger a decline in the gold price, suggesting that there is a "relatively high threshold" for easing investor's concerns over the global economy. [Full Article...]
The response was overwhelming, with reports of cars queueing up to enter from up to half a kilometer away. "We'd like to apologise for the inconvenience caused to our members on our warehouse opening day in Shanghai", Costco said in a statement posted on WeChat, the Chinese social media platform. [Full Article...]
It's a one off pre-election panic driven stunt budget. The first major speech by the chancellor, Sajid Javid , has been mysteriously cancelled by the Treasury less than 24 hours before it was due to take place. There is mounting speculation that Boris Johnson's government is about to trigger a snap general election after the government triggered a series of measures apparently created to prep... [Full Article...]
MI voters aren't happy with Gov. Gretchen Whitmer and want to replace President Trump , according to new poll results. Sen. Bernie Sanders , I-Vt., leads President Trump 53% to 39%. "It's the ceiling of support for Trump, no matter the candidate". "Every other time we've gone through this kind of period, pre Civil War, post Civil War, the reassertion of the KKK, directed mostly at Catholic... [Full Article...]