European markets are poised to open lower Thursday as investors assess geopolitical developments and look ahead to the Bank of England‘s latest policy decision. The FTSE 100 is set to open 14 points lower at 7,391; the German DAX is expected lower by 17 points at 12,506; and the French CAC is on track to […]
Read moreU.S. producer prices rebounded in August, driven by a surge in the cost of gasoline, and there were also signs of a pickup in underlying producer inflation. The Labor Department said on Wednesday its producer price index for final demand increased 0.2 percent last month after slipping 0.1 percent in July. In the 12 months […]
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Early estimates from Wall Street economists suggest the twin hurricanes that slammed the United States will have a sizable negative impact on third-quarter growth numbers. Economists shaved their GDP estimates, with Oxford Economics paring 0.4 percentage points on the low end of the range to Goldman Sachs trimming 0.8 points on the high end. Most […]
Read moreRussian authorities evacuated people from dozens of buildings in Moscow on Wednesday after a flurry of anonymous phone calls asserting the locations had been mined, RIA news agency reported. Three of Moscow’s main train stations were being checked on Wednesday, along with the city’s famous GUM department store near Red Square, and more than 20 […]
Read moreAs homeowners in Houston struggle to dry out and rebuild, they may also struggle to make payments on their mortgages. New estimates suggest as many as 300,000 borrowers will become delinquent on their loans and 160,000 could become seriously delinquent, that is, more than 90 days past due, when banks initiate foreclosure proceedings. This from […]
Read moreTarget is investing big to win the 2017 holiday shopping season. The big-box retailer announced Wednesday it will hire about 100,000 seasonal workers this year, a gain of more than 40 percent from last year’s 70,000. Target also said it will add 4,500 jobs at its distribution centers, in anticipation of more online orders. “Target […]
Read moreAt a White House press conference last year, then Equal Employment Opportunity Commission (EEOC) chairwoman Jenny Yang stated that, “Pay discrimination goes undetected because of a lack of accurate information about what people are paid.” To address this issue, the Obama administration instructed employers to report information about employees pay, gender, race and ethnicity. But […]
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Myanmar's leader cancels trip to UN General Assembly amid ongoing Rohingya crisis
Myanmar’s de facto leader, Aung San Suu Kyi, has canceled a trip to the upcoming United Nations (UN) General Assembly amid intense and far-reaching condemnation for her handling of the Rohingya crisis. Almost 400,000 Rohingya Muslims have fled to neighboring Bangladesh since the outbreak of violence last month, according to the UN. A spokesperson for […]
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EU puts ‘tragic’ Brexit moment out of its focus, but it cannot forget it
In a key six-thousand-word speech, the European Union mentioned the United Kingdom once and avoided the word Brexit. The strategy of the European Commission – Europe’s leading Brexit negotiator – has been clear since the U.K. voted to leave the bloc: building a team that only deals with Brexit, redirecting all Brexit-related issues to it, […]
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Massive Russian military exercise heightens fear of troop build-up on western border
Russia’s huge military exercise along its western border this week has increased nervousness among neighboring countries as well as straining relations with NATO. The “Zapad 2017” military exercise, running from the 14th until the 20th September, is held every four years and will on this occasion include activities on the borders of Poland, Lithuania, and […]
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