Business

Insurance rates under Affordable Care Act set to spike in 2017

A new HHS analysis finds that HealthCare.gov consumers would continue to have affordable coverage options, even if all marketplace final health insurance premium rates were to increase by double digits next year. Deputy Kansas Insurance Commissioner Clark Shultz said those numbers won't be final until September 23. They created the [problem],' the governor said.

Business

German economy minister says EU-US trade talks have failed

Many EU countries are wary about the possibility of the large, mainly Muslim country becoming a member of the bloc and Europe has long anxious that Turkey's anti-terrorism laws are used to quash dissent. Gabriel, who is the country's economy minster, raised eyebrows after being accosted by a group of masked protesters holding banners bearing the slogan "Traitor".

Business

As Fed nears rate hikes, policymakers plan for 'brave new world'

The Gross Domestic Product, that is, the value of everything a nation produces, increased by an annual rate of only 1.1% in the second quarter, according to the "second" estimate released by the Bureau of Economic Analysis . The Toronto Stock Exchange and Wall Street moved higher on Friday morning after Federal Reserve Chair Janet Yellen said the case for raising USA interest rates has strengthened in recent months.

Business

Sachin Tendulkar presents BMW to Rio 2016 olympics stars

He further continued to motivate the Indian contingent during the Olympics at Rio de Janeiro. Rio Olympics silver medallist shuttler PV Sindhu and bronze victor grappler Sakshi Malik along with gymnast Dipa Karmakar and badminton coach Pullela Gopichand were today presented BMW cars by cricket legend Sachin Tendulkar here.

Business

What do Analysts suggest for: Signet Jewelers Limited (NYSE:SIG)

The company's shares tumbled about 12 percent to $83.89 in premarket trading on Thursday. Norges Bank purchased a new position in shares of Signet Jewelers during the fourth quarter valued at about $81,240,000. During the same quarter previous year, the business posted $1.28 earnings per share. So what: Signet reported second-quarter revenue of $1.37 billion, down 2.6% year over year and $60 million below the average analyst estimate.

Business

Yellen suggests rate hike is coming but offers no timetable

WASHINGTON-Justifications for an interest rate increase in the United States have grown in recent months, U.S. Fed chief Janet Yellen said Friday. Yellen sketched a generally upbeat assessment of the economy in a speech to an annual conference of central bankers in Jackson Hole, Wyoming.