Markets
Record revenue as Manchester United broadcasting income increases by 40%
After a season which saw the club qualify for the prestigious Champions League competition following a brief absence, United took in £581m during the year, up 17% from the £515m revenue it posted the previous year. English premier league Manchester United (MUFC) announced record revenues and profits Thursday in the club's latest set of annual figures. United have started the season well on the... [Full Article...]
Dow ekes out record high
Banking shares were strong, with JPMorgan Chase winning 1.1 per cent, Bank of America 0.7 per cent and Citigroup 0.8 per cent. The Dow Jones Industrial Average . Such a move by the Fed would likely push long-term interest rates up. Even with a rate hike appearing unlikely, investors will be paying close attention to the Fed's comments on how it plans to unwind the $US4.5 trillion worth of... [Full Article...]
Experian criticized for sending credit freeze PINs through email
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An extended fraud alert requires submission of an Identity Theft Report to the FTC at www.IdentityTheft.gov . You do not have to be a victim of fraud to initiate an initial fraud alert; you can do so as a pre-emptive measure, regardless of whether or not your identity has been stolen. [Full Article...]
Dollar close to 2015 lows as conflicted Fed prepares policy update
Despite ... stronger- than-expected CPI report, Fed officials will still be looking at year-over-year core PCE and CPI inflation rates that are three tenths and five tenths lower, respectively, than in March. The scale of reductions will gradually increase, starting from 10 billion United States dollars a month and reaching 50 billion USD within a year. Effectively 'quantitative tightening, ' ... [Full Article...]
Week Ahead: Federal Reserve Meeting Will Dominate
WALL STREET: Major U.S. benchmarks finished mostly higher. While some investors said the Fed's tone was more hawkish than expected others were happy Fed Chair Janet Yellen reiterated her stance that balance sheet reduction would be data dependent. [Full Article...]
US Fed to begin unwinding QE
According to the well-telegraphed plan, the Fed will start by trimming no more than $10 billion per month from its balance sheet , with that cap rising each quarter for a year, until it hits $50 billion per month. "The process of downsizing the balance sheet is not going to be smooth sailing", says Greg McBride , CFA, Bankrate's chief financial analyst. "But we don't know for sure". [Full Article...]
Fed quietly opens the final chapter of its crisis-era bonds policy
Finally, futures markets are forecasting a higher probability that the Fed will hike the short-term federal funds rate in December. The central bank has hiked rates.25 percentage points twice this year, at its March and June meetings respectively, and is widely expected by analysts and economists to do so again at its meeting in December. [Full Article...]
Motorola Moto X4 Android One Edition launched in United States for $399
Motorola will start shipping the Moto X4 this fall, first in Asia. As far as we can tell, this promise of Android O was only ever published on G4 Plus marketing materials, so Motorola isn't technically doing anything wrong. Just in case you'd forgotten, the Moto E4 Plus comes equipped with a 5.5-inch HD display with a screen resolution of 1280×720 pixels and a scratch resistance 2.5D curve... [Full Article...]