US OPEN 2017: EVERYONE is talking about the fescue at Erin Hills

One round of golf at a U.S. Open can be like going 18 rounds in the ring, both capable of leaving the unprepared bruised and battered. "And with the weather conditions, it doesn't look like it's going to blow too ridiculously hard, if I'm looki... More..

by | Published more than a month ago
by | Thursday, June 15, 2017

United States consumer prices post surprise fall in May

Still, looking at wider core services, prices rose 0.2 percent in May, stronger than the earlier two months' pace . USA retail sales in May recorded their biggest drop in 16 months and consumer prices unex...More..

Multiple victims from UPS center shooting in San Francisco
by | Thursday, June 15, 2017

Multiple victims from UPS center shooting in San Francisco

San Francisco police confirmed a shooting at the facility in the Potrero Hill neighborhood but didn’t release information on injuries or the shooter. The shooting prompted a massive police response. The g...More..

by | Thursday, June 15, 2017

Fed Raises Rates for Third Time in Six Months

His biggest decision will be whether to renominate Chair Janet Yellen to a second term. In a move widely expected by markets, the Federal Reserve has increased rates for the second time this year by a fur...More..

Fed Raises Key Interest Rate For 4th Time Since 2015
by | Thursday, June 15, 2017

Fed Raises Key Interest Rate For 4th Time Since 2015

The central bank acknowledged the continuous progress in labor market while expressed their concerns over weak inflation . The Nasdaq fell 0.7% in late afternoon trade, while the S&P 500 fell 0.25%. St...More..

Video Shows Why Man Just Sued United Airlines for $1M
by | Thursday, June 15, 2017

Video Shows Why Man Just Sued United Airlines for $1M

According to Houston's KPRC , the incident occurred at George Bush International Airport in July 2015 after 71-year-old Tigner approached a United employee at a check-in kiosk to acquire a new boarding pass...More..

12 dead in West London tower block fire
by | Thursday, June 15, 2017

12 dead in West London tower block fire

Around 200 firefighters, 40 fire trucks and 20 ambulance crews were at the scene at the height of the blaze. As smoke continued to billow from the building, survivors voiced anger over longstanding safety fea...More..

by | Thursday, June 15, 2017

Fed raises rate, plans balance sheet reduction

U.S. stocks rose slightly after the Fed announcement while the dollar reversed some of its earlier losses though bond yields moved little. USD/CAD is supported at 1.3164 levels and is trading at 1.3...More..

by | Thursday, June 15, 2017

Fed expected to raise rates today

Fed officials now expect the US unemployment rate to end the year at 4.3 percent, down from the 4.5 percent they predicted in March . The Fed said the US economy is growing "modestly so far this year". Thi...More..

by | Thursday, June 15, 2017

Chelsea first opponents for Spurs at new 'home' Wembley

Meanwhile, Burnley will begin their campaign with another away trip to the capital, where they will face defending champions Chelsea on August 12. The return fixture at Goodison Park is scheduled for April ...More..

by | Thursday, June 15, 2017

US Federal Reserve raises interest rates for third time in six months

Following a two-day meeting, the Federal Open Market Committee ( FOMC ) has voted by a majority of 8 to 1 to increase the Federal Funds Rate to 1%-1.25% from 0.75%-1%. Typically, negative rates are a reflec...More..

by | Thursday, June 15, 2017

Interest rate increased for second time

A rebound in technology shares drove USA stocks to record highs on Tuesday. The most immediate effects, though, are generally on borrowers in the United States. They also were more optimistic about unemployme...More..

by | Thursday, June 15, 2017

Kevin Durant Did What He Came To Do

Durant's stellar play all season and throughout the playoffs vindicated Golden State's massive payout to the superstar in a controversial off-season deal. Durant was named NBA Finals Most Valuable Player af...More..

Gunman Opens Fire on GOP Congressional Baseball Practice
by | Thursday, June 15, 2017

Gunman Opens Fire on GOP Congressional Baseball Practice

That has raised questions about the gunman's political motivations. At this point of the investigation there are no links to terrorism, officials said . A rifle and a handgun recovered from the scene and are...More..

US consumer prices dip 0.1 percent in May
by | Thursday, June 15, 2017

US consumer prices dip 0.1 percent in May

The CPI measure of inflation reached 2.9 per cent in May, hitting its highest level since June 2013. Food prices rose 0.2% on the month with a year-on-year increase of 0.9%. Over the past 12 months, food co...More..

Fed Hikes Interest Rate, Maintains Forecast Through 2018
by | Thursday, June 15, 2017

Fed Hikes Interest Rate, Maintains Forecast Through 2018

This would bring the fed funds rate to a range between 1.00-1.25%. Short-term Treasury rates are another way to determine what the market is pricing in. Some Fed watchers expect another increase in September....More..

Fed raises rates, gives details on balance sheet reduction
by | Thursday, June 15, 2017

Fed raises rates, gives details on balance sheet reduction

For US consumers, interest rate increases tend to lead to increased borrowing costs. Asian stocks were mixed Wednesday following Wall Street's tech-driven rise as investors waited for word from the U.S. And r...More..

FOMC Hikes Interest Rates; Will Mortgage Rates Follow?
by | Thursday, June 15, 2017

FOMC Hikes Interest Rates; Will Mortgage Rates Follow?

In a statement , the Kuwaiti central bank noted that it had hiked its key rate following US interest rate rises in the past. The Fed's plan would start reducing the holdings by allowing a small amount of ne...More..

by | Thursday, June 15, 2017

Lower US Oil Inventories Spur A Small Rally In Crude Prices (USO)

Moreover, data from industry group the American Petroleum Institute had suggested on Tuesday that USA crude inventories fell by 4.6 million barrels. Greg McKenna, chief market strategist at futures brokerag...More..

by | Thursday, June 15, 2017

USA consumer prices slipped 0.1 percent in May

The pound has fallen some 11% against the USA dollar between May 2016 and last month as investors reacted to Britain's vote to leave the European Union last June and trimmed bets on further rate increases f...More..

by | Thursday, June 15, 2017

Oil prices rise after big draw in USA stockpiles

Crude oil inventories again fell significantly, draining US stockpiles by more than 10 million barrels over the past two weeks, the Energy Department reported Thursday. Another understanding was that there wou...More..

Fed Raises Interest Rate for 3rd Time in 6 Months
by | Thursday, June 15, 2017

Fed Raises Interest Rate for 3rd Time in 6 Months

The Fed still foresees prices, as measured by a gauge tied to consumer spending, rising 2 percent in 2018 and 2019, achieving its target. That change, and the reduction in the 2017 inflation forecast, could r...More..

Fed hikes key rate and unveils bond trimming plans
by | Thursday, June 15, 2017

Fed hikes key rate and unveils bond trimming plans

The IMF expects the global economy to expand by 3.5% this year, up from 3.1% in 2016. That would be followed by three rate increases in 2018 and three more in 2019, with the key rate at 2.9 percent by the...More..

by | Thursday, June 15, 2017

Stocks, dollar firm ahead of Fed decision

ET. Since the Fed started raising interest rates in December, 2015, the yield curve has been flattening. If the Fed hikes in June, we do not expect an announcement on QT. The median estimate of the long-run...More..

Fed poised to hike rates for 2nd time this year
by | Thursday, June 15, 2017

Fed poised to hike rates for 2nd time this year

Yellen also said that the Fed is also likely to continue a course of small incremental increases to the federal funds rate , as it reduces the balance sheet . Should the Fed refrain from hiking in June, the k...More..