Finance

FTSE 100 tumbles after record fall on Wall Street

FTSE 100 tumbles after record fall on Wall Street Today, the FTSE 100 Index sank by more than 2.5 percent - to 7,079.41 - before paring losses to fall 163.57 points to 7,167.08. In Tokyo the Nikkei 225 index slumped 1,071.84 points, or 4.7 per cent, to 21,610.24m and in Paris the CAC 40 fell 3.1 per cent. [Full Article...]

Asian shares prolong worldwide losses after Wall Avenue's rout

Asian shares prolong worldwide losses after Wall Avenue's rout Yields on 10-year US Treasury paper US10YT=RR were up at a four-year peak of 2.852 per cent, having jumped nearly 7 basis points on Friday. The selling was also fuelled by profit-taking after a blistering January that saw several indexes strike record or multi-year highs, while energy firms were hit by a drop in oil prices . [Full Article...]

Chris Grayling admits east coast rail line could be renationalised

Chris Grayling admits east coast rail line could be renationalised Our partnership with Virgin on West Coast has delivered two decades of investment, innovation and a step-change in customers' experience of rail travel. "But this has come at a substantial cost of almost £200 million to Stagecoach". "The combined profit of every single train operator in the country was only GBP271 million past year". [Full Article...]

Wynn Resorts, Limited (WYNN) to Issue $0.50 Quarterly Dividend

Wynn Resorts, Limited (WYNN) to Issue $0.50 Quarterly Dividend With 73,300 avg volume, 95 days are for ESPRIT HOLDINGS LTD- (OTCMKTS:ESHDF)'s short sellers to cover ESHDF's short positions. About 891,365 shares traded. NORTHERN CROSS, LLC owned 23.9% of Wynn Resorts, Limited (WYNN) worth $852.33 million at the end of the most recent reporting period. Wynn Resorts's quarterly revenue was up 29.9% on a year-over-year basis. [Full Article...]

Congestion costs United Kingdom almost £40bn a year, report finds

Congestion costs United Kingdom almost £40bn a year, report finds Lincoln drivers lose an average of 36 hours per year sitting in traffic - narrowly behind Birmingham, Manchester and London. The INRIX study, the largest of its kind, showed that across the United Kingdom, drivers wasted an average of 31 hours stuck in rush hour traffic. [Full Article...]

Porsche to double investment in electric vehicle project

Porsche to double investment in electric vehicle project Aside from the upcoming vehicles, Porsche will also be investing in new facilities such as the new paint shop in Zuffenhausen, which will also complete assembly of the upcoming Mission E. Porsche says the vehicle will boast 600 horsepower and a range of 500 kilometres, characteristics that would make it a competitor to US-based electric auto champion Tesla . [Full Article...]

Chemical in McDonald's french fries may help cure baldness, study says

Chemical in McDonald's french fries may help cure baldness, study says McDonald's french fries may not be the healthiest meal to consume, but the greasy food has an ingredient that could have a significant medical impact, according to a study . The next step will be to try to technique on humans with hopes of similarly impressive results. This generated fresh follicles capable of sprouting luxurious new locks and within days the lab rodents had furry backs and scal... [Full Article...]

'Frozen' Toddler Dies After Wandering Out While Dad Slept

'Frozen' Toddler Dies After Wandering Out While Dad Slept Officers arrived at the scene on Doty Drive at 3:30 p.m. on Friday. The Akron Beacon Journal reports the toddler was found Friday afternoon and was taken to Akron Children's Hospital, where she died. Neighbor Crystal Lucas told Fox 8 she had seen the toddler and another boy that lived in the house outside alone in the past. While Wynter and her Dad slept peacefully, Wynter being the growin... [Full Article...]

Australia's central bank keeps rates on hold for 17th month

Australia's central bank keeps rates on hold for 17th month But the Bank's quarterly inflation report, which is due alongside the decision, is expected to stress that Brexit negotiations are key to the rates outlook. This record low rate is likely to remain unchanged for some time. The revival greatly improved the outlook for GDP growth, given household spending accounts for around 57 percent of annual economic output. [Full Article...]

Lexington Realty Trust (LXP) Currently Above Chikou Line

It has underperformed by 2.61% the S&P500. The VC1 of Vornado Realty Trust (NYSE:VNO) is 47. The stock decreased 2.34% or $1.23 during the last trading session, reaching $51.34. Finally, Tudor Investment Corp Et Al acquired a new stake in Acadia Realty Trust during the fourth quarter worth about $374,000. Shares for $224,804 were sold by HELMREICH WILLIAM B on Monday, August 28. [Full Article...]

Leeds set to name Barnsley's Paul Heckingbottom as new manager

Leeds set to name Barnsley's Paul Heckingbottom as new manager Sun correspondent Alan Nixon, who is a reliable source of Leeds and Championship-related news, reported on his personal Twitter account on Tuesday morning that United top brass are clipping the wings of Heckingbottom as they prepare to appoint their eighth head coach in four years. [Full Article...]

Donald Trump: DACA Deal Without Wall Funding 'Total Waste of Time'

Donald Trump: DACA Deal Without Wall Funding 'Total Waste of Time' The bill comes as Congress looks to stave off another government shutdown by authorizing a new spending bill before a looming Thursday deadline. McCain and Democratic Sen. The McCain-Coons bill would "allow Congress to focus on other pressing matters, including a budget deal to fully fund the military", their offices said. [Full Article...]

New CFPB chief has reportedly killed its Equifax probe

New CFPB chief has reportedly killed its Equifax probe Reuters reports that the CFPB and FTC had originally planned to coordinate their probes, but the former is dragging its heels under Mulvaney's leadership. Five months after the disclosure of the massive Equifax data breach, federal scrutiny of how the credit-reporting bureau allowed the hack to occur is easing significantly, according to news reports . [Full Article...]

Fuel prices drop by 30 cents on Tuesday

Fuel prices drop by 30 cents on Tuesday The rise in fuel prices today, despite the steep fall in crude oil rate drew questions against the Centre. One liter of diesel cost Rs 68.39 in Mumbai on Tuesday and Rs 64.22 per liter in the national capital. In his Budget proposals for 2018-19, Jaitley lowered basic excise duty on petrol and diesel by Rs 2 per litre each to Rs 4.48 and Rs 6.33 a litre, respectively. [Full Article...]

United Airlines tightens rules for animals on planes

United Airlines tightens rules for animals on planes As part of the new policy, effective March 1, a customer traveling with an emotional support animal must provide confirmation that the animal has been trained to behave properly in a public setting and acknowledge responsibility for that animals behavior, an airline representative tells Travel Agent . [Full Article...]

Best Buy to stop selling CDs by July 1

Best Buy to stop selling CDs by July 1 Vinyl will continue to be sold, but that's only guaranteed for the next two years due to a commitment made to vendors. The decision to terminate CD sales likely comes as a result of increased consumer interest in digital music streaming services like Spotify and Apple Music, and declining CD sales in the US. [Full Article...]

Wall St opens lower on rising bond yields, inflation concerns

Wall St opens lower on rising bond yields, inflation concerns Now, investors are suddenly skittish. In its recent CIO Investment Insights - 2018, DBS noted that between December 1998 and January 2000, the US Treasury (UTS) 10-year yield rose 202 bps and the S&P 500 index correspondingly gained 13 per cent. [Full Article...]

Global Stocks Plunge After Wall Street's Record Sell-Off

Global Stocks Plunge After Wall Street's Record Sell-Off And Wall Street looks set for another rough ride on Tuesday. The losses came on the heels of Wall Street's worst trading session in almost two years on Friday, and as the 10-year US Treasury yield, which moves inversely to price, rose almost 4 basis points to a high of 2.8831 per cent in Asia. [Full Article...]

Dow Jones suffers worst decline in history

Dow Jones suffers worst decline in history Markets waited a while for a pullback. "The psychology of the market changed today". "But if fear takes over the market then it could get quite ugly". "You don't know, that's the market for you, right?" said Colleen Kydd-Sumberg, who is wondering what to do with her retirement money. The Dow has now tumbled 8.5 percent since reaching a record high January 26, wiping out its gains so far this yea... [Full Article...]

Fasten your seat belts. Dow futures tumble over 800 points

Fasten your seat belts. Dow futures tumble over 800 points That left some popular exchange-traded products that investors use to benefit from calm market conditions facing potential liquidation. US Treasury yields recovered from nearly four-year highs reached overnight as investors weighed whether a dramatic week-long selloff had run its course. [Full Article...]


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