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Finance

But inflation is projected to remain shy of the Fed's 2 per cent goal for another year, with weakness on that front remaining enough of a concern that policymakers saw no reason to accelerate the expected pace of rate increases. Powell has been a Yellen ally who backed her cautious stance toward rate hikes in his five years on the Fed's board. Forecasts showed little change in the inflation outlook over the next three years.
  • U.S. woman used bitcoin to move cash to Islamic State, police say

    U.S. woman used bitcoin to move cash to Islamic State, police say

    Finance

    But her lawyer says she was simply collecting money to help Syrian refugees. Shahnaz bought cryptocurrency with the credit cards, converting it to US dollars and then transferring it into a bank account in her name, court filings said. Attorney's Office said Shanaz - in June and July - used at least 16 credit cards in her name to buy more than $62,700 in Bitcoin and other cryptocurrencies.
  • Alibaba wants to sell cars using a vending machine-like structure

    Alibaba wants to sell cars using a vending machine-like structure

    Finance

    The selfie will be used to identify the individual when they head over to the unmanned vending machine for delivery. Chinese e-commerce leviathan Alibaba is set to open two massive cat-shaped auto vending machines in Nanjing and Shanghai that will allow prospective buyers the chance to see, test-drive and even buy on-site the vehicle of their choosing.
  • US Regulator Repeals Net Neutrality amid Public Protest

    US Regulator Repeals Net Neutrality amid Public Protest

    Finance

    It allows a small cabal of home internet service providers and mobile data carriers to operate a blacklist of oppositional web sites and services, effectively blocking access to them for almost all Americans. "In the end the internet service provider. has full control of what goes through their internet pipes". The debate over net neutrality is not new in India and has been on since the past four years or so.
  • AAA releases their 2017 holiday travel forecast

    AAA releases their 2017 holiday travel forecast

    Finance

    That's based on historical and recent travel trends, the release said. "Travel volume has increased year-over-year for every major holiday weekend in 2017 - Memorial Day, Independence Day, Thanksgiving - and we project the same for the year-end holiday period".
  • Wal-Mart Stores, Inc. (WMT) Position Lifted by Fmr LLC

    Finance

    It has underperformed by 2.87% the S&P500. TrimTabs Asset Management LLC increased its holdings in Wal-Mart Stores by 89.2% in the 1st quarter. Its the same as in 2017Q1. Wal-Mart Stores declared that its board has authorized a stock repurchase program on Tuesday, October 10th that permits the company to buyback $20.00 billion in outstanding shares.
  • Parliament winter session: Centre targets 25 bills over 22 days

    Parliament winter session: Centre targets 25 bills over 22 days

    Finance

    Leaders of nine Opposition parties, who held a strategy meeting before joining the discussion with the government, said they would quiz Modi in Parliament on his repeated violation of the Model Code of Conduct while campaigning for the Gujarat Assembly elections and hurling insults against former prime minister Manmohan Singh , former vice president Hamid Ansari and former army chief Deepak Kapoor.
  • Pilot denies email was a bid 'to bring Ryanair to its knees'

    Pilot denies email was a bid 'to bring Ryanair to its knees'

    Finance

    Ryanair pilots based in Portugal have announced strike action in the run-up to Christmas. Similar moves are afoot in Italy and Portugal, and possibly Germany , as pilots push for better conditions at the budget airline. "Management's failed negotiating model has let down shareholders and tens of thousands of passengers, whose flights were cancelled this year because company-controlled industrial relations proved incapable of recruiting and retaining enough pilots".
  • Disney Would Pay Up To $29 A Share For Fox Assets

    Finance

    The deal is said to appeal to 21st Century Fox as they look to streamline their operation and focus on selected television properties including Fox News, Fox Sports and all local news affiliates in addition to their broadcast network. Fox shares rose 1.1 percent to $33.66 at the close in NY. "When a set of assets like 21st Century Fox's becomes available, it's our responsibility to evaluate if there's a strategic fit that could benefit our company and our shareholders", the cable giant ...