Any perception that the USA central bank is behind the curve in keeping suddenly rising inflation contained could ultimately lift demand for gold as a hedge against inflation's erosive effects on other assets. The Dow Jones Industrial Average advanced 54 points, or 0.3%, to 18,177. The yield on the US 10-year note fell two basis points, or 0.02 percentage point, to 1.67 percent as of 2:12 p.m.in NY, according to Bloomberg Bond Trader data.
The Future Fund, Queensland Investment Corporation and one of China's biggest sovereign wealth funds have snapped up the Port of Melbourne for a whopping $9.7 billion. Opposition Leader Matthew Guy said his hard-fought negotiations over the port lease legislation had done nothing to drive the price down, and said the cash should improve the government's current projects.
Could it be a hidden message to try to convince Shah Rukh Khan to postpone Raees again? Directed by Rahul Dholakia, the action thriller is slated for a January 26 release. However, the Raees vs Kaabil clash on Republic Day 2017 remains unaffected. "If they are coming on the same date, then I can't do anything about it".
Investigators scrambled Sunday to find out who planted a bomb that rocked Chelsea, scouring shrapnel, forensic traces and surveillance video. A pair of well-dressed thieves, two homeless men, a bar owner - and some incredible luck - combined to limit the casualties in weekend terror attacks in New Jersey and NY, and the bungling bomber himself also made numerous mistakes that helped foil his plans.
Senators pressed the executive on Wells Fargo's portrayal of the fraud as stemming from the behavior of low-level and low-wage employees rather than executives higher up the pay ladder. Wells Fargo is Colorado's largest bank. "Wrongful sales practice behavior in our retail banking business. runs counter to our vision of helping our customers succeed financially and it is not representative of Wells Fargo as an institution", Stumpf said.
This was the strongest reading since October 2015 and equalled the highest level seen since before the 2008 financial-market crash. The National Association of Homebuilders' monthly housing market index, a measure of builder sentiment soared to 65 this month, evenly matched against the 11 month high that was the highest for the index since the year 2005.