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Finance

In a press release issued Monday afternoon, Yellen said that it has been a "privilege and honor" to serve in the Federal Reserve System for over 30 years. The Senate Banking Committee is scheduled to meet November 28 to consider Powell's nomination. Yellen has presided over nearly four straight years of steady economic growth, sluggish inflation and a jobless rate that has fallen even as she directed the gradual exit from crisis-era policies.
  • London buses to be powered by coffee grounds

    London buses to be powered by coffee grounds

    Finance

    The firm believes it would take just over 2.55 million cups of coffee to create the enough biofuel to run a London bus for a year once the oil has been blended with diesel. Buses can be powered using the fuel without the need for modification, it said. It's simply a matter of changing what you put into the tank, making it much cheaper to run slightly cleaner and more sustainable travel in the capital.
  • Alibaba takes $2.9 billion stake in food retailer

    Alibaba takes $2.9 billion stake in food retailer

    Finance

    As part of this strategic alliance, Alibaba Group will invest a total of HK$22.4 billion (approximately US$2.88 billion) to obtain an aggregate direct and indirect stake of 36.16% in Sun Art Retail Group Limited by acquiring shares from Ruentex.
  • NetEase (NTES) to Repurchase $1.00 billion in Shares

    NetEase (NTES) to Repurchase $1.00 billion in Shares

    Finance

    Chinese video game publisher NetEase ( NTES ) saw its US shares spike to a record high Friday, two days after reporting better-than-expected earnings for the third quarter. Zacks Investment Research lowered NetEase from a "buy" rating to a "hold" rating in a research note on Tuesday, August 8th. Jefferies Group LLC restated a "hold" rating and set a $302.00 target price on shares of NetEase in a research note on Friday.
  • Local ice dancers take silver, qualify for Grand Prix

    Local ice dancers take silver, qualify for Grand Prix

    Finance

    Russia's Alina Zagitova rebounded from an error-laden short program on Saturday to earn her second grand prix title this month and qualify for next month's final, while Javier Fernandez of Spain fell twice but still won the men's title. Maria Sotskova ensured a Russian 1-2 as she finished on 140.99 points for silver, keeping the position she held overnight. Shoma Uno of Japan sits second with 93.92 points, while Alexander Samarin of Russian Federation is third at 91.51.
  • Almost 60 million Americans will travel this Thanksgiving

    Almost 60 million Americans will travel this Thanksgiving

    Finance

    AAA defines the Thanksgiving holiday travel period as Wednesday, Nov. 22, to Sunday, Nov. 26. Car-rental rates are also higher than previous year, and so are many hotel rooms, according to AAA. Travelers can expect to spend any flight savings on vehicle rentals. The report noted that travellers, going by plane, will pay the lowest average round-trip ticket price in five years for the top 40 domestic routes, but the daily auto rental is 34 percent higher than last year's figure and the ...
  • Honda Recalls 800000 Odyssey Minivans Because Of Seat Latches

    Honda Recalls 800000 Odyssey Minivans Because Of Seat Latches

    Finance

    Honda is recalling approximately 800,000 Odyssey minivans in the US, according to their website . The company has offered instructions on its website on how to correctly latch the seats after adjusting them. But the company says the problem will not occur if the seats are properly latched. Honda will notify owners again when a permanent approved fix is available in the near future.
  • Kinder Morgan, Inc. (KMI) Short Interest Up 17.1% in October

    Finance

    About 3.11 million shares traded or 18.70% up from the average. DST Systems, Inc. (NYSE:DST) has risen 0.59% since November 17, 2016 and is uptrending. (NYSE:KND) or 7,278 shares. Optimum Invest Advisors reported 0.1% stake. Us Retail Bank De stated it has 350,899 shares or 0.02% of all its holdings.
  • Automobile : Tesla dévoile un prototype de camion électrique

    Automobile : Tesla dévoile un prototype de camion électrique

    Finance

    La fin de la conférence a été l'occasion d'une petite surprise: l'annonce d'un nouveau roadster , dont la sortie est prévue pour 2020. " Nous avons conçu le camion Tesla pour qu'il soit [aérodynamique] comme une balle ", a-t-il déclaré lors de la présentation.
  • Iowa State back on winning path

    Iowa State back on winning path

    Finance

    No. 2 Miami 44, Virginia 28: Malik Rosier threw three touchdown passes and ran for another score and the Hurricanes (10-0, 7-0 ACC, No. 3 CFP) twice erased 14-point deficits to pull off their biggest comeback in five years, extending the nation's longest winning streak to 15 games.