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  • China criticizes European import duties on steel

    China criticizes European import duties on steel

    The probes stemmed from dumping complaints by European steel industry group Eurofer on behalf of manufacturers that account for more than 90 percent of the EU's output of hot-rolled coil and more than a quarter of the bloc's production of heavy plates.

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  • Mall of America will be closed on Thanksgiving (sorta)

    Mall of America will be closed on Thanksgiving (sorta)

    The more than 520 stores have the option to open on the holiday, but mall executives expect most will be closed. Still, opening earlier and earlier can have some benefits: J.C. Meanwhile, Black Friday will begin at 5 a.m. with a "door opening ceremony" the day following Thanksgiving. Mall officials added that some restaurants, stores and attractions may choose to be open during the holiday.

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  • Plan would eliminate toll booths at MTA crossings

    Plan would eliminate toll booths at MTA crossings

    The New York Crossing Project, as its been dubbed by the Governor's office, will also focus on advancing public art by equipping bridges citywide with LED lighting displays that will light up like the crown of the Empire State Building. As the MTA makes the improvements to its bridges and tunnels, it will also take the opportunity to beautify the structures with the introduction of several new art and design elements.

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  • Stocks fall broadly, led by drops in real estate and utilities

    Continue reading for more on today's market, including: Futures on the Dow Jones Industrial Average (DJIA) are nearly 58 points above fair value. The Nasdaq composite declined 0.2 percent to 5,300.87. Strong jobs numbers might encourage Federal Reserve to raise interest rates this year. Investors have been pushing crude sharply higher since OPEC announced a preliminary deal last week that would limit production, and the price is now almost double its February low of $26.

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  • Deutsche must prove it has a future, International Monetary Fund warns

    Deutsche must prove it has a future, International Monetary Fund warns

    The report was presented at the start of the 2016 Annual Meetings of the International Monetary Fund and the World Bank Group, which will take place through Sunday in Washington and bring together top global economic leaders. Commerzbank's securities fell by as much as 0.7 percent to 5.77 euros today as analysts at Deutsche Bank classified the title from "Buy" back to "Hold", and reduced the price target from 9 to 6 euros.

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  • In VP debate, Pence gets tasked with cleaning up for Trump

    She is the first Asian-American to moderate a general election debate and the youngest in decades. "He's an individual that knows how to get things done and can be a true advocate for Donald Trump in regards to dealing with Washington and getting legislation to the finish line by getting together those 218 votes it will take to get enacted", Rep.

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  • Verdict expected in huge damages granted to French bank

    Verdict expected in huge damages granted to French bank

    The Versailles Court of Appeal will rule on what, if any, damages he should pay later on Friday. The bank has appealed against a labor tribunal ruling in June that ordered it to pay Kerviel 450,000 euros in damages for dismissal "without genuine or serious cause".

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  • Deutsche Bank rally eases as investors await fine amount

    Nielsen wrote in a note on Sunday. Better than expected manufacturing data from the USA was not welcomed news by investors as it strengthens the case for a Fed rate hike by year end. The Purchasing Managers' Index (PMI) from the Institute of Supply Management is expected to show that factory activity expanded in September after having contracted in August.

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  • Russell Wilson says 'no doubt' he'll play against Jets

    Seahawks head coach Pete Carroll noted that Wilson has been "doing remarkably well" and has been a full participant in practice this week, adding he'd "be surprised" if his quarterback can't play. "I feel great. I feel strong", Wilson said. "We eased him into the week so he didn't have a complete week". "He is a big, tough guy now", Carroll said.

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  • How the Dow Jones industrial average fared on Monday

    Asian shares rallied on Thursday, taking their cue from the Wall Street overnight that finished higher after OPEC members reached an agreement on a production-limiting deal. The S&P 500 is up 6.68 points, or 0.3 percent. Stocks in Asia got hammered, with Japan's Nikkei 225 index falling 1.3% and stocks in Hong Kong falling 1.6% and shares in mainland China closing 1.8% lower.

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  • Ted Cruz still reeling from 'agonizing' endorsement of Trump

    Mr. Trump has promised to reverse the amnesty schemes for undocumented immigrants and to stop the "deluge of refugees", Mr. Cruz said in his list of six reasons why he is now supporting the candidate. Their view was that they were horrified by a Hillary Clinton presidency. Upon returning from a commercial break, Beck unloaded on Cruz and his disingenuous justification for endorsing Trump, declaring that Cruz had said things during their interview that Beck personally knows to be untrue.

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  • Fed's Rosengren Says Delaying Rate Hike Could Derail Recovery

    Fed Chairwoman Janet Yellen told reporters that the majority of the Fed policy committee thought the labor market "had room to run" and that more workers would join the labor market if rates stayed steady. The Standard & Poor's 500 index rose 11 points, or 0.5 percent, to 2,174 and the Nasdaq composite rose 34 points, or 0.7 percent, to 5,329. The RBNZ's blunt statement that further easing would be needed knocked the local dollar down 0.2 percent to $0.7334, but the market has found it ...

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  • Singapore scion buys 49 percent stake in Rolling Stone

    BandLab CEO Meng Kuok acquired a legacy music retailer and transformed it into an online music collaboration platform with backing from his billionaire father, beginning in 2012. 'It was really more of a meeting of minds and visions and long-term partnership that made it possible'. Following the sale, BandLab and Rolling Stone will form Rolling Stone International , a new subsidiary aimed at pushing the magazine's brand across the world.

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  • Pfizer Decides Not to Break Up Business

    Pfizer Decides Not to Break Up Business

    Following what it describes as "an extensive evaluation" of its two businesses, the drug maker has concluded that the current stucture is the best to optimize future value creation for its shareholders. Although Pfizer spent $600 million to prepare for a breakup over the past couple of years, it had in recent months telegraphed that it was leaning against a complete separation of the two businesses.

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  • Native American tribes bring Dakota pipeline fight to Congress

    Dakota Access spokeswoman Vicki Anderson Granado confirmed Friday that Dakota Access purchased land in North Dakota but declined to provide any further details on the transaction. A leak or spill could be disastrous. She noted tribal frustrations with past federal dealings, such as spending $200,000 on a past lawsuit alleging a federal agency wasn't complying with the law.

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  • Gold Prices Gain Following Fed Decision

    While the Fed still sees a rate hike in 2016, its projection for increases in 2017 was trimmed to two from three. "A weaker dollar and no hike in rates from the Fed should have given the gold and silver markets a lift, but seeing the Fed also suggest that the USA economy had further to run before seeing pressure from inflation would seem to add to the gold bulls' short term case", The Hightower Report said.

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  • Homebuilder confidence surged in September

    Homebuilder confidence surged in September

    With the substantial increase, the housing market index reached its highest level since hitting a matching reading in October of 2015. " With the inventory of new and existing homes remaining tight, builders are confident that if they can build more homes they can sell them ", NAHB Chief Economist Robert Dietz said in a statement.

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  • Crude Oil Prices are Likely to Take Longer before Stabilizing

    Analysts looked for a build of 3.8 million barrels. Distillates also hit a two-week low as investors anxious whether the coming autumn will be cold enough to boost heating oil demand adequately. The IEA noted that demand growth in China and India is "wobbling" and the stimulus from cheaper fuel is fading. Expectations that Nigerian crude supplies could also be returning as offers for October-loading Qua Iboe crude have emerged even as force majeure on it remains in place.

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