Finance news

• Venezuela bans Spanish-language CNN for Iraq report

  15-02-2017 23:57 via yahoo.com
  
  Venezuela pulled CNN's Spanish-language television channel off the air on Wednesday, accusing it of spreading "propaganda" about an alleged visa racket at the country's embassy in Iraq.The state National Telecommunications Commission ordered "the immediate suspension of broadcasts by the news channel CNN in Spanish" in Venezuela, a government statement said.President Nicolas Maduro had earlier said he wanted the US-based news channel "out" of the country, where state media dominate.
  
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• Tesla owner sacrifices his car to save driver having a stroke

  15-02-2017 23:54 via yahoo.com
  
  On a highway in Munich, Germany, a Tesla owner recently sacrificed his car to rescue another driver having a stroke. According to Muenchner Merkur, the Tesla driver saw a VW Passat swerving erratically, hitting the guardrail several times. On closer inspection, he noticed that the driver appeared to be unconcious. So, the Tesla driver maouvered his car in front and slowed down gradually, forcing a gentle collision and bringing both cars to a halt.The fire driver was able to extract the driv
  
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• The Latest: Officials: Seattle 'dreamer' faces deportation

  15-02-2017 23:51 via yahoo.com
  
  SEATTLE (AP) — The Latest on the case of a detained Seattle area man who was brought to the U.S. illegally as a child but protected from deportation by former President Barack Obama's administration. (all times local):
  
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• Russian spy ship 30 miles from Connecticut US Navy sub base

  15-02-2017 23:43 via yahoo.com
  
  ABC News has confirmed that a Russian spy ship is now 30 miles south of New London, Connecticut, where a U.S. Navy submarine base is located.
  
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• Correction: Missing Teens-Indiana story

  15-02-2017 23:39 via yahoo.com
  
  DELPHI, Ind. (AP) — In a story Feb. 14 about the search for two missing girls, The Associated Press, relying on information from police, incorrectly reported that Liberty German was 13 years old. She was 14.
  
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• 2-Year-Old Boy and Man Shot Dead in Facebook Live Video: 'Call 911! They Killed Him'

  15-02-2017 23:36 via yahoo.com
  
  A shooting in Chicago left a 2-year-old boy and an adult man dead this week and startling live footage of the assault was streamed to Facebook.
  
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• TSX adds to winning streak, sets record high

  15-02-2017 23:34 via news.yahoo.com
  
  By Fergal Smith TORONTO (Reuters) - Canada's benchmark stock index rose for the seventh straight day on Wednesday to a record high close, led by gains for its financial services group after strong economic data from both Canada and the United States. The Toronto Stock Exchange's S&P/TSX composite index ended up 58.92 points, or 0.37 percent, at 15,844.95, a record close. Data showed Canada's manufacturing sales jumped in December for the second month in a row, and that U.S. inflation and ret
  
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• German minister says NATO allies to invest more 'in coming years'

  15-02-2017 23:30 via news.yahoo.com
  
  German Defense Minister Ursula von der Leyen said on Wednesday she could understand the U.S. call for NATO partners to step up funding for the transatlantic alliance and European allies would meet their obligations "in the coming years". The United States for years has called for European allies to spend 2 percent of their economic output on defense, and the new U.S. President Donald Trump has unnerved German politicians by describing the NATO alliance as obsolete.
  
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• Of rising rates and falling returns: James Saft

  15-02-2017 23:20
  
  (Reuters) - Try to hide wherever you like but periods of rising interest rates mean lower returns.
  
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• Trump's White House budget chief pick gains key Senate backer

  15-02-2017 23:18 via yahoo.com
  
  U.S. President Donald Trump's choice of Representative Mick Mulvaney to become White House budget director on Wednesday appeared to pick up enough Republican votes to vault him into the job.Republican Senator Thad Cochran, who chairs the Senate Appropriations Committee, informed his staff that he intends to support Mulvaney's confirmation, according to an aide.Earlier in the day an aide said Cochran had not yet decided whether to vote for Mulvaney.
  
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• US stocks end at records again, lifting global equities

  15-02-2017 23:14 via news.yahoo.com
  
  Wall Street stocks pushed to fresh highs for the fifth day in a row Wednesday, giving a boost to most international equity markets on continued optimism about US economic prospects.
  
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• Under Armour CEO walks back his Trump praise with full-page newspaper ad

  15-02-2017 23:10 via news.yahoo.com
  
  After a week of blisteringly bad press, Under Armour CEO Kevin Plank is second-guessing his word choice when it comes to Donald Trump.   Plank bought a full-page ad in the Baltimore Sun on Wednesday to walk back his praise for the president. SEE ALSO: Under Armour CEO endorses Trump, Twitter users endorse shopping elsewhere The sportswear exec spoke glowingly of Trump in a CNBC appearance last Tuesday, asserting that he is, among other things, a "real asset to the country." Plank claims in
  
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• Play of the day: Under Armour CEO publicly wallows in regret for Trump comments

  15-02-2017 23:10 via news.yahoo.com
  
  After a week of blisteringly bad press, Under Armour CEO Kevin Plank is second-guessing his word choice when it comes to Donald Trump.   Plank bought a full-page ad in the Baltimore Sun on Wednesday to walk back his praise for the president. SEE ALSO: Under Armour CEO endorses Trump, Twitter users endorse shopping elsewhere The sportswear exec spoke glowingly of Trump in a CNBC appearance last Tuesday, asserting that he is, among other things, a "real asset to the country." Plank claims in
  
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• Spotify to relocate U.S. headquarters to 4 World Trade Center

  15-02-2017 23:09 via news.yahoo.com
  
  (Reuters) - New York Governor Andrew Cuomo said on Wednesday Swedish music service company Spotify will expand its U.S. headquarters and relocate it to 4 World Trade Center, creating more than 1,000 new jobs and retaining 832 jobs. Spotify, which currently has offices in the Midtown South area of Manhattan, will move its New York office to the 378,000 square feet of office space owned by Silverstein Properties Inc in early 2018, Cuomo's statement said. Spotify, one of Europe's most highly valued
  
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• A lesson on UN peacekeeping – from Haiti

  15-02-2017 23:06 via yahoo.com
  
  The Trump administration promises big changes at the United Nations, especially in its peacekeeping missions, which are now in 16 countries.The head of UN peacekeeping, Hervé Ladsous, said Haiti has made so much progress that he would recommend the Security Council pull out the nearly 5,000 multinational troops and police.
  
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• Trump says U.S. is no longer tied to two-state solution between Israel and Palestine

  15-02-2017 23:01 via yahoo.com
  
  During a joint news conference with Israeli Prime Minister Benjamin Netanyahu on Feb. 15, President Trump said the U.S. is no longer tied to a two-state solution between Israel and Palestine.
  
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• Astronomers just found a piping hot ‘Super Earth’

  15-02-2017 22:55 via yahoo.com
  
  It wasn't that long ago that finding exoplanets — that is, worlds that exist outside of our own solar system — was a rare occurrence. Those days are gone, however, and we now know that there are actually plenty of stars that host one or more planets. With that increased awareness, researchers have been making huge leaps in exoplanet discovery, and a group of astronomers from around the world just announced that they've detected not one, not two, but 60 new planets orbiting nearby sta
  
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• The Latest: Woman goes to Denver church to avoid deportation

  15-02-2017 22:49 via yahoo.com
  
  CENTENNIAL, Colo. (AP) — The Latest on an immigrant who has taken refuge in a Denver church to avoid deportation (all times local):
  
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• The Latest: Bodies are those of 2 missing Indiana girls

  15-02-2017 22:47 via yahoo.com
  
  DELPHI, Ind. (AP) — The Latest on the investigation into the deaths of two Indiana girls (all times local):
  
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• Trian's P&G stake raises investor hopes of break-up, cost cuts

  15-02-2017 22:45 via news.yahoo.com
  
  P&G's shares hit a two-year high on Wednesday after Trian disclosed a stake in the consumer products company, which is already trying to slim down by selling unprofitable brands. A person familiar with the matter told Reuters that Trian currently holds more than $3 billion of P&G's stock. In addition to breaking P&G into separate companies, analysts speculated that Trian could press for more brand divestitures and heavy-handed cost overhauls.
  
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• Yahoo notifies users of sophisticated breach methods

  15-02-2017 22:36 via yahoo.com
  
  Yahoo said Wednesday it was notifying some users that hackers may have been able to use a maneuver to break into their accounts without stealing passwords.The notification indicates the investigation into the attacks are in the final stage, according to a source familiar with the matter, noting that messages had been sent to "a reasonably final list" of Yahoo users.A Yahoo spokesman said the company was notifying all potentially affected users and that it had "invalidated" the forged cookies.
  
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• Trump 'not wrong on everything': Berkshire's Munger

  15-02-2017 22:30
  
  LOS ANGELES/NEW YORK (Reuters) - Charlie Munger, the billionaire vice chairman of Warren Buffett's Berkshire Hathaway Inc , said some of U.S. President Donald Trump's ideas may prove constructive for...
  
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• Banks lift stocks to record, U.S. yields up after data

  15-02-2017 22:17 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of major world markets climbed to a record on Wednesday and U.S. Treasury yields rose as a strengthening economic outlook and recent commentary by Federal Reserve officials increased expectations of an interest rate hike in March. U.S. retail sales rose more than expected in January, while other data showed consumer prices recorded their biggest increase in nearly four years last month and a rise in manufacturing output. The reports follow commen
  
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• TSX rises for seventh straight day, sets record high

  15-02-2017 22:11 via news.yahoo.com
  
  TORONTO (Reuters) - Canada's benchmark stock index rose for the seventh straight day on Wednesday to set a fresh record high, led by gains for its financial services group after strong economic data from both Canada and the United States boosted bond yields. The Toronto Stock Exchange's S&P/TSX composite index unofficially closed up 58.92 points, or 0.37 percent, at 15,844.95. Nine of the index's 10 main industry groups ended higher. (Reporting by Fergal Smith, editing by G Crosse)
  
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• Trump administration proposes stricter Obamacare rules

  15-02-2017 22:04 via yahoo.com
  
  By Caroline Humer and Yasmeen AbutalebNEW YORK/WASHINGTON (Reuters) - The Trump administration on Wednesday proposed changes to the Obamacare individual insurance market that insurers welcomed as a good start but that raised the possibility of higher out-of-pocket cost for consumers.President Donald Trump and congressional Republicans have promised to scrap the 2010 healthcare law that is a key legacy of Democrat Barack Obama's presidency.
  
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• Fashion Week's Crowning Natural-Hair Moments

  15-02-2017 22:03 via yahoo.com
  
  Now, more than ever, diversity is becoming a forethought for many designers during New York Fashion Week. This season, natural hairstyles were spotted at many collections, suggesting that the industry is working to become more inclusive and acknowledging different ways one wears their hair.
  
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• U.S. healthcare costs to escalate over next decade: government agency

  15-02-2017 22:02 via news.yahoo.com
  
  The cost of medical care in the United States is expected to grow at a faster clip over the next decade and overall health spending growth will outpace that of the gross domestic product, a U.S. government health agency said on Wednesday. A report by the U.S. Centers for Medicare and Medicaid Services (CMS) cited the aging of the enormous baby boom generation and overall economic inflation as prime contributors to the projected increase in healthcare spending.
  
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• Mattis Issues Ultimatum to NATO

  15-02-2017 22:02 via yahoo.com
  
  Mattis warns allies to pony up or risk U.S. ‘moderating’ NATO commitment
  
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• Church of England rejects report barring gay marriage

  15-02-2017 21:44 via yahoo.com
  
  The Church of England's General Synod on Wednesday rejected a report which ruled out accepting homosexual marriage and had led to a gay rights protest outside the meeting of Anglican bishops.Participants in the Synod, the Church of England's legislative body, agreed overall to "take note" of the report, by 242 votes to 184.After the vote, the Bishop of Willesden, Pete Broadbent, said he hoped the Church of England would continue debating the topic.
  
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• Kellyanne Conway Accused of Spreading False Information, Banned From 'Morning Joe'

  15-02-2017 21:41 via yahoo.com
  
  President Trump's top adviser told Fox News' Sean Hannity that she feels the press "should be fair."
  
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• Trump meets with retail CEOs to talk taxes, imports

  15-02-2017 21:36 via news.yahoo.com
  
  U.S. President Donald Trump on Wednesday called tax code revisions a critical way to boost the nation's economy as he kicked off a White House meeting with chief executive officers of Target Corp , Best Buy Co Inc and six other major retailers. The retailers spoke with Trump about an overhaul of the corporate tax law and infrastructure improvements. While companies like Best Buy and Target support changes to the tax code, they urged Trump to oppose a proposal for a new border tax on imported goo
  
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• Republicans Asking For Investigation On Federal Employees Using Encryption App Signal

  15-02-2017 21:33 via yahoo.com
  
  Republicans are after federal workers using encryption app Signal to communicate and have sent a letter to the Environmental Protection Agency Inspector General requesting an investigation.
  
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• Thai junta imposes control on influential temple

  15-02-2017 21:26 via yahoo.com
  
  By Patpicha Tanakasempipat and Panarat ThepgumpanatBANGKOK (Reuters) - Thailand's junta leader announced he was imposing control on the country's biggest Buddhist temple on Thursday after it failed to hand over an influential monk who has resisted questioning over money laundering.With political parties and many activists silenced since a coup in 2014, the Dhammakaya Temple is a rare institution in defying the junta, which has so far trod warily in confronting a religious group that claims milli
  
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• Church of England stance on gay marriage in disarray after vote

  15-02-2017 21:25 via yahoo.com
  
  The Church of England's legislative body on Wednesday voted against a report from bishops that rejected the idea of blessing same-sex marriages, the latest row over an issue that has divided the Church for years.The wider Anglican communion, which has 85 million members worldwide, has been in crisis since 2003 because of arguments over sexuality and gender between liberal member churches in the West and their conservative counterparts, mostly in Africa.The latest controversy stems from a report
  
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• Chicago toddler's fatal shooting streamed live on Facebook

  15-02-2017 21:19 via yahoo.com
  
  A toddler and a man were fatally shot while riding in a car in a Valentine's Day attack captured in a live video on Facebook.Police said Wednesday that they were still searching for a suspect in the shooting which shocked Chicago, a city grappling with a surge in violence so severe that it has drawn the condemnation of President Donald Trump.The two-year-old boy, identified by officials as Lavontay White, was shot in the head on Tuesday and died at a hospital.
  
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• Amazon's Most Popular Soundbar Is Now On Sale

  15-02-2017 21:10 via yahoo.com
  
  Like most soundbars, the Vizio SB3821-C6's design is simple and clutter-free, which means it can be placed underneath your TV, inside a media center, or mounted on a wall beneath your HDTV.It features two 2.75-inch full-range drivers that can deliver up to 100dB of room-filling audio.Accompanying the soundbar is a 5.25-inch wireless subwoofer, which delivers the kind of deep, thumping bass you'd expect from a full home theater.
  
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• Wall Street rises further into uncharted territory

  15-02-2017 21:03 via news.yahoo.com
  
  Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 on track for a seven-session winning streak for the first time since 2013 after President Donald Trump repeated his promise of tax cuts. In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week. The S&P 500 was on track for its fifth straight record close, even as some investors worried that Trump
  
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• Dollar retreats from one-month peak tied to upbeat U.S. data

  15-02-2017 21:03 via news.yahoo.com
  
  By Richard Leong NEW YORK (Reuters) - The dollar was flat on Wednesday as investors took profits after reaching a one-month high early in the session versus a group of currencies as U.S. data showed robust growth in retail sales and consumer prices in January. The greenback had been on track for an 11th consecutive day of gains but it retreated as U.S. Federal Reserve Chair Janet Yellen, in her second day of economic testimony before Congress, offered no additional insight on the timing of the c
  
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• Andy Puzder abruptly withdraws as labor secretary nominee

  15-02-2017 21:01 via yahoo.com
  
  Andy Puzder departs after a meeting with President-elect Trump in November.Andy Puzder, President Trump’s embattled nominee for secretary of labor, has withdrawn his name from consideration.“After careful consideration and discussions with my family, I am withdrawing my nomination for Secretary of Labor,” Puzder said in a statement on Wednesday.
  
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• One of the shortest bills ever was just introduced in Congress, it's basically just 'KILL THE EPA'

  15-02-2017 20:57 via yahoo.com
  
  So much for ponderous legislation that's too lengthy for lawmakers to read before voting. A new bill that would have sweeping consequences for every resident of the U.S., and in fact the world at large, contains just a single, all-important sentence.  The bill, sponsored by freshman Republican Rep. Matt Gaetz of Florida, seeks to abolish the Environmental Protection Agency (EPA).  As in, get rid of it entirely. Bing, bong, boom, poof... gone. Just like that! Who knew that destroying an
  
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• US STOCKS-Wall Street rises further into uncharted territory

  15-02-2017 20:52 via news.yahoo.com
  
  Wall Street pushed further into record-high territory on Wednesday, with the S&P 500 on track for a seven-session winning streak for the first time since 2013 after President Donald Trump repeated his promise of tax cuts. In a meeting with top executives from U.S. retail companies, Trump said he would lower taxes substantially and simplify the tax code, echoing a vow he made last week. The S&P 500 was on track for its fifth straight record close, even as some investors worried that Trump
  
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• Ukraine warring sides agree heavy arms pullback: OSCE

  15-02-2017 20:51 via yahoo.com
  
  An international mediator on Wednesday said Ukraine's warring sides had agreed to withdraw heavy weapons from the volatile frontline by February 20 in line with a tattered peace plan.Martin Sajdik, the lead negotiator from the Organization for Security and Cooperation in Europe (OSCE) on the crisis, said Ukraine, Russia and the eastern rebels agreed to the move after a fresh round of talks in Minsk, Russian and Belarussian news agencies reported.The Minsk agreement has been repeatedly violated b
  
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• Young man charged in shooting death of 11-year-old Chicago girl

  15-02-2017 20:49 via yahoo.com
  
  A 19-year-old Chicago man has been charged with first-degree murder in the shooting death of an 11-year-old girl, one of three children shot in the city in recent days, Chicago police said on Wednesday.Antwan Jones, 19, was charged after turning himself into police late on Tuesday, Chicago Police Department Commander Brendan Deenihan told a news conference on Wednesday.Takiya Holmes, 11, was shot in the head on Saturday evening while sitting in the back seat of a van outside the Parkway Gardens
  
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• Teck shares slide on coal demand woes despite earnings beat

  15-02-2017 20:35 via news.yahoo.com
  
  By Susan Taylor and Nicole Mordant TORONTO/VANCOUVER (Reuters) - Canadian miner Teck Resources Ltd reported a better-than-expected quarterly profit on Wednesday, lifted by a surge in the price of coal for steelmaking, but weaker demand at the start of the year spooked investors, sending its shares lower. Teck, North America's largest producer of steelmaking - or coking - coal, said that inquiries from buyers had picked up recently and that it expects sales to be weighted toward the second half o
  
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• Pipeline exec compares Dakota protesters to terrorists

  15-02-2017 20:31 via yahoo.com
  
  WASHINGTON (AP) — A top executive at the company building the controversial Dakota Access pipeline on Wednesday compared pipeline opponents to terrorists.
  
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• Banks boost stocks, U.S. yields up after data

  15-02-2017 20:27 via news.yahoo.com
  
  By Chuck Mikolajczak NEW YORK (Reuters) - Stocks on major world markets climbed on Wednesday and U.S. Treasury yields rose after a batch of U.S. economic data and recent commentary by Federal Reserve officials increased expectations of an interest rate hike in March. U.S. retail sales rose more than expected in January, while other data showed consumer prices recorded their biggest increase in nearly four years last month and manufacturing output steadily rising. The reports come on the back of
  
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• U.S. retail sales rise; inflation posts largest gain in four years

  15-02-2017 20:24 via news.yahoo.com
  
  U.S. retail sales rose more than expected in January and consumer prices recorded their biggest gain in nearly four years, boosting prospects of an interest rate increase from the Federal Reserve next month. The economy's strengthening outlook was also bolstered by other data on Wednesday showing manufacturing and mining production rising last month as the drag from lower oil prices fades. The reports came as Federal Reserve Chair Janet Yellen appeared to put a March interest rate hike on the ta
  
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• Bond yields rise, stocks push to records as economy cruises

  15-02-2017 20:22 via news.yahoo.com
  
  NEW YORK (AP) — Stocks and bond yields punched higher Wednesday after more reports showed the U.S. economy continues to strengthen. The encouraging data could push the Federal Reserve to raise interest rates more aggressively from the record lows marked during the Great Recession.
  
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• Illinois governor raises prospect of tax hike in budget speech

  15-02-2017 20:19 via news.yahoo.com
  
  Illinois Governor Bruce Rauner said on Wednesday he will entertain tax measures to address the state's deep financial woes, but continued to tie his possible support to nonbudgetary demands to spur economic growth. In his third budget address to the legislature, the Republican governor said a bipartisan Senate bill package aimed at breaking the state's nearly 20-month budget impasse could win his support. "First and foremost: the final result must be a good deal for taxpayers and job creators: a
  
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• One-State Solution, or Two? Trump’s ‘Happy With the One That Both Parties Like’

  15-02-2017 20:14 via yahoo.com
  
  Trump suggests the United States might not support a two-state solution, which it has explicitly done for the past 15 years.
  
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