Day: February 7, 2018

After Market Turmoil, Fed Officials Stand Firm on Rate-Increase Course

[ad_1] Feb. 7, 2018 5:00 p.m. ET Federal Reserve officials signaled the recent spasm of market volatility isn’t prompting them to rethink their path of interest-rate increases or upbeat economic outlook. “I don’t think it’s a big story at all for central bankers,” New York Fed President William Dudley said Wednesday. “If the stock market […]

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Auto insurance company Progressive to hire 350 workers in Phoenix

[ad_1] The Phoenix campus of insurer Progressive is located south of Sky Harbor International Airport.(Photo: Progressive) Auto-insurer Progressive plans to hire 350 workers by the end of the year at its Phoenix campus, boosting employment at the site to more than 1,000 — and job applicants don’t need to disclose what they earned in previous […]

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Stock market surge disappears as bond jitters return

[ad_1] Stock market surge disappears as bond jitters return – Feb. 7, 2018 Wall Street’s bond market headache won’t go away. A 381-point surge on the Dow disappeared by Wednesday’s closing bell as concerns about rising Treasury yields returned. The Nasdaq slumped almost 1%, while the S&P 500 fell modestly. ‘; var storytext = document.getElementById(‘storytext’); […]

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Gambling firms defy calls to stamp out sexist behaviour at event | Society

[ad_1] Exclusive: ICE Totally Gaming had pole dancers and hostesses, despite regulator’s demand The Endorphina stand at the ICE Totally Gaming event in London. Photograph: Rob Davies for the Guardian Gambling companies have defied calls to stamp out sexism at an industry conference, with guests being entertained by pole dancers and a Playboy-themed show, and […]

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Rogue Russian businessmen living in UK seek safe passage home — RT Business News

[ad_1] Sixteen Russian businessmen hiding in London and other places from authorities in Russia for various criminal offences are asking Moscow to allow them to come home in return for amnesty. The list, prepared by Russian business ombudsman Boris Titov, has been forwarded to the Kremlin, according to the official. Read more Each case should […]

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Congressional Leaders Say They Agree on Budget Deal

[ad_1] Updated Feb. 7, 2018 1:32 p.m. ET WASHINGTON—Congressional leaders said Wednesday they have reached an agreement on a two-year budget deal, charting a path out of the long-running turmoil over spending and immigration that culminated in a government shutdown last month. The agreement raises federal spending by almost $300 billion over two years above […]

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Harley recalls nearly 175K bikes in U.S. because brakes can fail

[ad_1] Under pressure from U.S. safety regulators, Harley-Davidson is recalling nearly 175,000 motorcycles because the brakes might fail.            [ad_2] Source link

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Trillion-dollar deficits will hit sooner than expected

[ad_1] by Jeanne Sahadi   @CNNMoney February 7, 2018: 1:19 PM ET Trillion-dollar-plus deficits were the hallmark of the financial and economic crisis a decade ago. Now they’ll be making a comeback — this time during a very healthy economy — and years sooner than expected. ‘; var storytext = document.getElementById(‘storytext’); var heightToSkip = 0; […]

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Redrow chief: huge Persimmon bonuses ‘very, very wrong’ | Business

[ad_1] Steve Morgan says property industry leaders are ‘peed off’ with the £110m payout to boss of rival firm Steve Morgan of Redrow says he’s sick to death of seeing headlines about greedy housebuilders. Photograph: BBC The boss of housebuilder Redrow has described a £110m bonus being paid to the boss of rival Persimmon as […]

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Africa’s second-biggest oil exporter wants to diversify into gold — RT Business News

[ad_1] OPEC member Angola wants to expand its commodity mix into gold and hopes to start producing small quantities of the precious metal next year, its oil and mineral resources minister Diamantino Azevedo told Reuters on Tuesday. The minister does not expect OPEC to impose deeper cuts to its member states this year, and told […]

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