Markets
Yellen Deflects Question on Whether She Would Stay on at Fed
Starting "once normalization of the federal funds rate is well under way", the Fed will reduce its balance sheet by $6 billion in Treasury securities each month, rising in steps of $6 billion until it is rolling off $30 billion every month. [Full Article...]
El Paso Electric Company (EE) Stake Increased by Chartwell Investment Partners LLC
Shares for $87,186 were sold by Sandberg Rebecca B . Moreover, Ashford Capital Management Inc has 3.6% invested in the company for 104,179 shares. Us Bancorp (New) now has $89.37B valuation. 19,104 were reported by Ipg Advsrs Lc. Institutional investors own 78.86% of the company's stock . Viacom Inc. had 80 analyst reports since August 7, 2015 according to SRatingsIntel. [Full Article...]
Fed cuts inflation, unemployment rate forecasts
Fed officials said "realized and expected labor market conditions and inflation justified the hike, which was supported by all Federal Open Markets Committee (FOMC) members but Minneapolis Fed President Neel Kashkari". The STOXX 600 index fell 0.3 percent with the banks, whose lending business gets a boost in margins when rates rise, taking off most points from the pan-European index with a fa... [Full Article...]
Lonzo Ball pokes fun at his father in Foot Locker commercial
Father's Day is coming up. The real question is... would Foot Locker be able to retail Lonzo's $500 shoes? "We are proud to have made a tradition of working with top athletes to have fun with some of the biggest sports moments and trending news", says Stacy Cunningham, vp-brand marketing and services for Foot Locker North America. [Full Article...]
Chelsea 1st to visit Tottenham at Wembley in Premier League
The first weekend's fixtures are completed by Swansea City's visit to Southampton and Bournemouth's trip to West Bromwich Albion. It was estimated previous year that it would take at least 15 days to remove the lower tiers, even with a team of labourers working 24 hours a day, and the same again to put them back. [Full Article...]
More diversity, less booze: Key changes recommended to Uber
Uber's board met on Sunday in Los Angeles and voted to accept all the recommendations made by the former attorney general Eric Holder and lawyer Tammy Albarrán, who conducted an internal investigation into Uber's culture following allegations of systemic sexism and sexual harassment at the company. [Full Article...]
New Zealand's economy is spluttering right when it shouldn't be spluttering
Annual GDP growth for the year ended March 2017 was 3.0 percent. "Much lower building activity combined with mixed results for the service sector took the shine off higher dairy production and saw a second quarter of moderate overall GDP growth", said Gary Dunnet, national accounts senior manager at the statistics body. [Full Article...]
US Fed raises interest rates, fourth increase since Dec
They tend to raise their savings interest rate in much closer timing with the federal funds rate . Andrew Levin, a career Fed economist and former special advisor to ex-Fed Chairman Ben Bernanke, told Business Insider he is anxious by a noticeable decline in inflation expectations, both as reflected in consumer surveys and bond market rates. [Full Article...]