News

A security guard walks in front of an image of the Federal Reserve in Washington, DC, U.S.

Jump in manufacturing, tight labor markets show U.S. economic health: Fed

The Fed states that the US economy is improving, there is a revitalization of manufacturing and the labor market has become very tight lately.

A worker at an oil field owned by Bashneft, Bashkortostan, Russia

Oil and Trump: Russians full of optimism in Davos

A year ago russians felt depressed because the price of oil plummeted and the West imposed sanctions, but today the price of oil has increased and soon Trump will ease the sanctions.

U.S. sues JPMorgan for alleged mortgage discrimination

The United States on Wednesday sued JPMorgan Chase & Co, accusing the bank of discriminating against minority borrowers by charging them higher rates and fees on home mortgage loans between 2006 and at least 2009.

Wall Street opens little changed

U.S. stocks opened little changed on Wednesday as investors assessed economic data and the last of big bank earnings, while awaiting Federal Reserve Chair Janet Yellen's speech.

Deutsche Bank signs $7.2 billion deal with U.S. over risky mortgages

Deutsche Bank (DBKGn.DE) (DB.N) finalized a $7.2 billion settlement with the U.S. Department of Justice over its sale of toxic mortgage securities in the run-up to the 2008 financial crisis, the government agency said on Tuesday.

Mexico to lure undeclared cash with lower repatriation tax: decree draft

Jan 17 Seeking to boost its paltry tax take, Mexico's government will offer those holding undeclared capital abroad a lower tax to repatriate it and invest it at home, a draft of the decree obtained by Reuters showed on Tuesday.

Britain will leave EU single market as May sets aim for 'hard Brexit'

Britain will quit the EU single market when it leaves the European Union, Prime Minister Theresa May said on Tuesday in a decisive speech that set a course for a clean break with the world's largest trading bloc.

Britain's Prime Minister Theresa May answers questions after delivering a speech on leaving the European Union

Britain to leave EU market as May sets 'hard Brexit' course

When leaving the European Union, Britain will also leave a market of 500 million people. After this, Britain will establish its own free trade deals.

Traders work on the floor of the New York Stock Exchange (NYSE) shortly after the opening bell in New York

Wall Street falls with financials, other post-election gainers

US stocks fell due to protectionist trade policies planned by Trump, the concerns pushed the dollar to its lowest in more than a month

Job postings are shown outside a new Walmart Super Center as the company opens its first store in Compton, California, U.S.

Wal-Mart, General Motors reaffirm jobs long planned, Trump says thanks

Wal-Mart will create 10,000 jobs this year and GM will add 1,500 U.S. jobs, Trump congratulated both companies with a tweet.

Pall Mall cigarettes are seen after the manufacturing process in the British American Tobacco Cigarette Factory (BAT)

BAT agrees to buy Reynolds for $49 billion

BAT has agreed a $49.4 billion takeover of Reynolds, creating the world's biggest tobacco company, the deal will mark the return of BAT to the U.S. market after 12 years

U.S. one hundred dollar bills are seen in this picture illustration, August 2, 2013.

Dollar dips on Trump comments; sterling heads for biggest rise since 2008

Donald Trump states that the strong dollar is killing US companies when trying to compete with China. The dollar fell because of his comments.

Fraudsters use sham UK charity appeals to steal money

Fraudsters use counterfeit UK charity appeals to steal money via social media, emails

Scammers have been tricking british people and companies, they have been using fake charity appeals related with supporting migrants or animal welfare

New Zealand presses Gulf states to finalize stalled trade deal

GCC is considered as one of the most important trading partners of New Zealand. Therefore, the New Zeland trading minister Todd McClay has taken initiative to finalize the deal with GCC.

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Latest Stories

Feel anxious? Have trouble sleeping? You may be traveling for business too often

People who travel for business two weeks or more a month report more symptoms of anxiety and depression and are more likely to smoke, be sedentary and report trouble sleeping than those who travel one to six nights a month, according to a latest study conducted by researchers at Columbia University's Mailman School of Public Health and City University of New York.

Trump declares emergency on southern border

President Trump said Friday he is declaring a national emergency on the southern border, tapping into executive powers in a bid to divert billions toward construction of a wall even as he plans to sign a funding package that includes just $1.4 billion for border security.

Mix Reactions over Amazon Retreat on Long Island City

Amazon's decision to abandon plans to build a new campus in Long Island City, Queens, has drawn cheers from several politicians, community organizers and other locals opposed to the expansion.

Wall Street heavyweights on Cortez's proposed 70% super-rich tax

One of the hottest topics at the World Economic Forum in Davos, Switzerland has been Alexandria Ocasio-Cortez's proposed 70% marginal tax rate on all income above $10 million.

Does the presence of colleges and hospitals increase home prices?

Whether the presence of a college or hospital increases a home's value has to do with the institution's size and the ZIP code's population, says a new study by computer scientists at the University of California, Riverside.

Must Read

The 2008 recession associated with greater decline in mortality in Europe

In recent decades, Europe has experienced a downward trend in the annual number of deaths. Not only was this trend not arrested by the economic recession that started in 2008, in fact, the rate of decline increased during the recession years.

'Unclonable' tag combats counterfeiters

Discovering that your new designer handbag or gold watch is a fake is costly and annoying, and counterfeit medical devices or drugs could have even more serious consequences. But seemingly as soon as manufacturers develop a new method to ensure product authenticity, counterfeiters find a way to outsmart it. Now, researchers have created an "unclonable" tag that can never be replicated, even by the manufacturer. They report their results in ACS Applied Materials & Interfaces.

When the insurance company monitors your driving in real time does it help?

The traditional model for setting auto insurance premiums has been to base rates on the motorist's driving history, age, gender and even marital status (in some states). Thanks to new technological options, insurance companies, and motorists have started to work together to give the insurance companies access to better data on an individual driver's risk level, and give the same driver a sense of greater control over how much he or she will pay in insurance premiums.

Can machine learning deliver critical market insight on consumer needs faster and cheaper?

Consumer brands have long used old-fashioned focus groups, interviews and surveys to best gauge consumer wants, desires and needs as part of processes that range from product development, to marketing and sales. As machine learning and artificial intelligence (AI) have emerged, there is an increasing interest in the ability to harness these solutions to save time and money, and to yield more reliable consumer insights.