Business
America's banks pass the Federal Reserve's tests
The largest USA banks easily passed the second part of the Federal Reserve's annual stress test, winning approval to hand back more excess capital to shareholders. The dividend payment was $0.095 per share for the quarter or $0.38 annualized. Still, the bank is allowed to return profits to shareholders and it released details immediately following the results.
Business
Broker Changes For United States Steel Corporation (NYSE:X)
Northwestern Mutual Wealth Management Co. now owns 3,315 shares of the basic materials company's stock valued at $112,000 after buying an additional 3,155 shares during the last quarter. AK Steel Holding Corporation (NYSE: AKS ) was up 5.56% at $6.65 on Saturday, in a 52-week range of $3.87 to $11.39 and with a consensus analyst target price of $8.47.
Business
Qatar criticises Saudi Arabia for refusing to negotiate on blockade demands
Qatar is a very small but rich country in west of Asia with only elven thousand kilometres area and nearly fifty years of history. The bloc also enforced sea, air and land blockades against the world richest country per capita. All of this leaves the U.S.in a hard spot - torn between crucial allies who are no closer to an agreement despite weeks of public pressure, and some mixed messages, from the administration.
Business
US Federal Reserve hikes rates again as confidence in the economy grows
However, Yellen said business and household confidence remain quite strong, and echoed the statement from the Fed's policysetting Federal Open Market Committee , which repeated its confidence that the usa economy would continue to expand "at a moderate pace" even with further gradual rate increases.
Business
March 2009 Time cover of Trump is phony
But Trump takes unabashed pride in his Time covers, both real and fake, boasting incorrectly on the campaign trail that "I think we have the all-time record [of cover photos] in the history of Time magazine". It turns out that this whole "fake news" thing may all come from the walls of Donald Trump's golf clubs. Trump's first real appearance on the cover of the magazine was January 16, 1989.
Business
Google Hit With $2.7 Billion Fine by European Antitrust Monitor
The EU has two other investigations now open into Google's business practices in other services: one involving its Android operating system and another concerning its AdSense service. In the U.K., Kelkoo and Foundem are among companies that stand to gain from a formal ruling from the EU. The European Commission said the world's leading technology company has 90 days to stop favouring its own shopping service or face a further penalty per day of up to 5 percent of Alphabet's average ...