Saturday, November 18, 2017

US initial jobless decreased by 5,000 to 229,000

US initial jobless claims for the week ending October 28 decreased by 5,000 to 229,000 from the previous week’s revised level of 233,000, the US Department of Labor reported on Thursday. Insured unemployment rate for the week ending October 21 stood at 1.3%, down by...

Oil hits highest since mid-2015 as OPEC sticks to supply deal

Oil rose to its highest since mid-2015 on Wednesday as data showed OPEC has significantly improved compliance with its pledged supply cuts and Russia is also widely expected to keep to the deal, reported Reuters.

Trump to name as Fed chairman Jerome Powell, reports

President Donald Trump is likely to pick Federal Reserve Governor Jerome Powell as the next head of the U.S. central bank, a source familiar with the matter said on Monday, prompting investors to push down yields on Treasury notes, told Reuters. President Trump will name...

Brent crude oil remains above $60 per barrel

Oil prices of benchmark grades change slightly during the Asian trading on Monday, Brent keeps at the high since July 2015, WTI - at the highest level since February this year. According to Baker Hughes, the number of US oil rigs increased by one -...

Amazon founder Jeff Bezos now the richest man in the world

Amazon founder Jeff Bezos again became the richest man in the world, ahead of Microsoft founder Bill Gates, reported Bloomberg and Forbes. Over the course of the day, Bezos's fortunes increased by more than $ 10 billion after Amazon shares rose 13%. This happened after the...

US billionaire John Kapur arrested, accused of selling opioids

In the United States, billionaire John Kapur was arrested on suspicion of selling opioids. The founder of a large pharmaceutical company, Insys Therapeutics, was detained in Phoenix, Arizona, reported RIA Novosti. He was charged with extortion, criminal conspiracy and fraud. The billionaire's lawyer stated that his client...

With 216 representatives in favor US Congress narrowly approves 2018 budget

The US House of Representatives has passed the 2018 budget resolution already approved in the Senate, clearing the path for legislators to begin work on President Donald Trump’s tax reform proposal. House Continuing Resolution 71 passed by a four-vote margin, with 216 representatives in favor...

Euro zone inflation expectations hit seven-month high

Investor expectations for long-term inflation in the euro zone rose to a seven-month high on Tuesday, an encouraging sign for the European Central Bank as it prepares to step back from its extraordinary monetary stimulus, told Reuters. Strong business and bank lending surveys on...

George Soros foundations now control $18 billion

Investor George Soros has transferred about $18 billion, the majority of his estimated fortune, to his Open Society Foundations, making them the second largest philanthropic grant-making group in the United States, according to media reports on Tuesday. Reuters -- The foundations already controlled billions of...

Forbes magazine published a list of the richest Americans

Bill Gates for the 24th time in a row became the richest man in the US, leading the rating published by Forbes magazine. The state of the head of Microsoft reaches 89 billion dollars. The head of Amazon, Jeff Bezos, was the second with 81.5 billion...

For the first time: Dow Jones Industrial Average breached the 23,000 mark

The Dow Jones Industrial Average breached the 23,000 mark for the first time on Tuesday, led by a more than five-percent gain in UnitedHealth, Reuters reports. The broader market was weighed down by losses in industrial, financial, and technology stocks. Shares of the largest US health...

Dow, S&P 500 and Nasdaq all closed on record highs

The S&P 500, the Dow, Nasdaq and the Russell 2000 indexes all posted record high closes for the second straight day on Tuesday, helped by gains in carmakers after strong September vehicle sales and a jump in airline shares. The Dow added 84 points to...

Bitcoin payments will not be legalized in Russia — ministry

Bitcoin payments will not be legalized in Russia, Deputy Finance Minister Alexey Moiseev told reporters on Tuesday. "No regulator doubts that payments will be banned," Moiseev said, as cited by Russian news agency TASS. At the same time, Head of the State Duma for the Financial...

Jennifer Lopez announces she’s donating $1 Million to help Puerto Rico

Superstar Jennifer Lopez is donating $1 million from proceeds of her Las Vegas show to help provide hurricane relief in Puerto Rico and the Caribbean. She made the announcement yesterday - in English and Spanish - during a press conference with New York governor Andrew...

UK weapons companies made £6bn from Saudi since it started bombing Yemen — research

British arms companies have earned more than £6bn from their trade with Saudi Arabia during the ongoing war in Yemen, new research has found. War Child UK claimed the true revenue from dealings with the Gulf state are almost double previous estimates, despite only around...

US Senate passed $700 billion defense policy bill

The U.S. Senate passed its version of a $700 billion defense policy bill on Monday, backing President Donald Trump's desire for a bigger, stronger military but setting the stage for a battle over government spending levels later this year. In an overwhelming 89-to-8 vote, the...

EU plan to raise more taxes for global internet firms faced first signs of scepticism

A European Union plan to raise more tax from digital multinationals faced the first signs of scepticism on Saturday, as smaller members of the bloc warned about the economic impact from such a move.

JPMorgan CEO Jamie Dimon says bitcoin “is a fraud”

JPMorgan Chase & Co. CEO Jamie Dimon on Tuesday called bitcoin a "fraud" and vowed to fire any employees who trade in the crypto-currency. https://twitter.com/BreakingVop/status/907666408582066176 “The currency isn’t going to work,” Dimon said at an investor conference in New York, according to reports. “It’s a fraud” and...

China is reported to be planning to ban bitcoin exchange trading

Beijing is reported to be planning to ban bitcoin and other cryptocurrencies trading on domestic exchanges, according to several media reports. The restriction would come after China prohibited initial coin offerings last week, as by cited RT. “Trading volume would definitely shrink. Old users will...

Venezuela to drop US dollar

The Venezuelan government has decided to sell commodities in currencies other than the US dollar in a bid to escape from Washington-imposed sanctions on the country. President Nicolas Maduro said Venezuela would start selling oil, gas and other products in new currencies, including the Chinese...

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