Economy

Yield curve steepens after miss on headline jobs number

Yield curve steepens after miss on headline jobs number Technology stocks fell 0.46 percent, with Intel and Apple both down about 1 percent. Private companies tacked on 230,000 jobs last month, reaching their highest level since the 241,000 jobs added last February and far more than the addition of 168,000 jobs seen in August, according to fresh data from ADP - always seen as a pre-cursor to Friday's key non-farm payrolls report. [Full Article...]

United States unemployment drops to the lowest level since 1969

In the Household Survey, employment rose 420,000, reversing August's 423,000 fall. The labour force participation rate, the share of adults working or actively looking for work, was steady at 62.7 per cent. Fortunately, most of the numbers are still looking quite positive for the economy and for the labor market in general. In other words, just a sliver of gain for workers. [Full Article...]

Lawsuit: LaCroix not 'natural' and contains ingredients used in cockroach insecticide

Lawsuit: LaCroix not 'natural' and contains ingredients used in cockroach insecticide The suit says the drink contains limomene, which can cause kidney toxicity and tumors and linalool propionate, which is used to treat cancer. The lawsuit mentions three ingredients specifically. Natural Beverage Corporation charges the lawsuit with being both false and defamatory, "intended to intentionally damage" the company and its shareholders. [Full Article...]

Supermarket offers to deliver groceries to your fridge

Supermarket offers to deliver groceries to your fridge The customer grants access to their property to a Waitrose delivery driver by setting a temporary access code for the lock which is then sent to Waitrose via a secure app. The driver will also wear a body camera and customers will be able to view the video the next working day if they want to check what they've been up to. [Full Article...]

Rupee opens at historic low of 73.70 against United States dollar

Rupee opens at historic low of 73.70 against United States dollar And the decision it makes "will highlight the RBI's bias to the market in terms of it objective and mandate". Commenting on the RBI decision, Economic Affairs Secretary Subhash Chandra Garg tweeted: "Government welcomes MPC statement and decision to keep the rates unchanged". [Full Article...]

The Wi-Fi Alliance announced the Wi-Fi standard Wi-Fi 6

The Wi-Fi Alliance announced the Wi-Fi standard Wi-Fi 6 The Wi-Fi Alliance wants device interfaces to highlight throughput by generation alongside existing signal strength indicators. It's based on terminology standards set by the Institute of Electrical and Electronics Engineers (IEEE), specifically its LAN/MAN Standards Committee, also known as the IEEE 802 committee . [Full Article...]

Dollar scales 11-mth peak on yen as US yields surge

Euro zone bond yields rose sharply, tracking their USA counterparts, while the "trans-Atlantic spread" between United States and German 10-year bond yields hit a three-decade high of around 275 bps. EMini futures for the S&P 500 also lost 0.4 percent in Asian trade, while European bourses were seen starting mixed. The dollar climbed an 11-month top on the yen on Thursday as stunningly strong U... [Full Article...]

Mattress Firm To Close Up To 700 Stores, Files For Bankruptcy

Mattress Firm To Close Up To 700 Stores, Files For Bankruptcy The company now has more than 3,300 locations in the United States, including four in Sioux Falls. The retailer ballooned in size in recent years through a series of acquisitions - Mattress Giant in 2012, Sleep Train in 2014 and Sleepy's in 2016. [Full Article...]

Crude tumbles most in seven weeks as American stockpiles swell

Crude tumbles most in seven weeks as American stockpiles swell The investment bank said there was enough oil to meet demand, but “global spare capacity is dwindling to the lowest level that we can document”. Benchmark Brent crude oil LCOc1 was up 10 cents a barrel at $84.68 by 0820 GMT. OPEC and its allies have been raising output since June but have been treading a fine line given Iran's protests about its neighbors taking its market share. [Full Article...]

Fed’s chairman reiterates gradual rate hikes to manage inflation

Fed’s chairman reiterates gradual rate hikes to manage inflation With the ten-year yield reaching its highest levels in over seven years, traders seem anxious the Federal Reserve may raise rates more aggressively than now anticipated. -Mexico-Canada trade agreement provided a boost to bond yields. The peso closed at a new 13-year low against the United States dollar Thursday after the Federal Reserve indicated more rate hikes are coming, a statement that bo... [Full Article...]

United Airlines pilot makes mayday call, lands safely in Sydney

United Airlines pilot makes mayday call, lands safely in Sydney Authorities say the plane was running low on fuel - and the pilot was following procedure. But with a number of firetrucks and emergency staff on standby at the tarmac, the Dreamliner did land safely with all 239 passengers on board unharmed. [Full Article...]

Centre cuts fuel prices by Rs. 2.5

Centre cuts fuel prices by Rs. 2.5 Maharashtra and Gujarat governments were among the first to announce a matching Rs 2.50 cut. Customs duty has also been increased manifold. The Modi government has raised it to Rs 19.48 per litre. The CPI said the price cut was a joke played on the people of India in the festival month. Asia's second-biggest economy and the fastest-growing is particularly vulnerable to the effects of oil marke... [Full Article...]

Europe 'will not give up' on Irish border backstop solution - Tusk

Europe 'will not give up' on Irish border backstop solution - Tusk Despite the four leaders' angst over the Irish border, top officials from Mr Barnier's task force told European capitals they are "very close" to finalising the withdrawal agreement with Britain. An EU source said: "The message to Labour is that the United Kingdom could move up Barnier's stairs if the British government changes its position in the transition period". [Full Article...]

Johnson slams May proposal for Brexit

Johnson slams May proposal for Brexit She mixed optimism with a show of determination in a sweeping hour-long address. "If we all go off in different directions in pursuit of our own vision of the flawless Brexit , we risk ending up with no Brexit at all", she said, a rebuff to eurosceptic MPs who have published their alternatives plan for leaving the EU. [Full Article...]

Manufacturing Jobs Growth is Best Since 1995

Manufacturing Jobs Growth is Best Since 1995 Over the course of this year, recruiters have been more open to job candidates they may before have overlooked, such as those with criminal histories. That's consistent with other reports showing strength in such activity. The Economic Survey of 2016-17 showed the increase in the unemployment rate in the country from 4.9% in 2013-14 to 5%, with a decline of about 20,000 jobs by 2016. [Full Article...]

United States president cheers new USMCA trade deal, heralds end of NAFTA era

United States president cheers new USMCA trade deal, heralds end of NAFTA era The United States-Mexico-Canada Agreement (USMCA) replaces the North American Free Trade Agreement (NAFTA ) that has been in effect since 1994. That "representative" was Foreign Affairs Minister Chrystia Freeland - the senior cabinet minister leading Canada's trade delegation to rescue NAFTA from a president who won the White House in part by denouncing the agreement as one of the worst d... [Full Article...]

Pence accuses China of 'malign' campaign to undermine Trump

Pence accuses China of 'malign' campaign to undermine Trump The unusually expansive and aggressive criticism of Beijing by a senior U.S. official indicated that Washington could be preparing to take a more confrontational approach with China on issues beyond just the trade dispute. Pence also slammed China's militarization of contested areas in the South and East China Sea, its practice of "debt diplomacy" in developing countries, and its efforts to conv... [Full Article...]

Amazon answers questions about minimum wage increase to $15 doll

Amazon answers questions about minimum wage increase to $15 doll An Amazon worker told The Verge that the news was devastating to the employees, most of whom depend on the RSU and variable compensation payment (VCP) incentives. Sanders introduced a bill last month that would tax Amazon, Walmart and other big companies whose workers collect public assistance. This new minimum wage is to take effect from Nov.1. [Full Article...]

Toyota recall: millions of potentially faulty hybrid vehicles

Toyota recall: millions of potentially faulty hybrid vehicles In the USA, the recall covers more than 800,000 vehicles: the model year. The carmaker is recalling 2.43 million of its hybrid vehicles worldwide, including 1.25 million in Japan, 807,000 in the USA, 290,000 in Europe and 3,000 in China. The reason the cars are being called is due to a potential fault in their systems which could cause them to lose power. Toyota Ireland has confirmed that a to... [Full Article...]

Aston Martin narrows IPO range as it revs up for listing

Aston Martin narrows IPO range as it revs up for listing Aston, which was founded in a small London workshop, has been transformed into an ultra-luxury brand whose classic vehicle owners include heir to the British throne Prince Charles. Aston Martin has plans to launch a new model every year from 2016 to 2022. The decision to float Aston has been always been mooted as sales continue to grow, with new products such as the DB11 and Vantage ensuring t... [Full Article...]


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