Latest World News. Find every day short and brief information composed of titles and subtitles and continue reading if interested.
REUTERS/Stephanie Keith Both the House and Senate passed the final version of the Republican tax bill on Wednesday, and a number of companies took the opportunity to announce special bonuses or pay hikes. The bill reduces the corporate tax rate to 21% from 35% while allowing a one-time repatriation of overseas cash. Companies are mostly expected to buy back […]
Though the Land Rover Discovery was completely redesigned for the 2017 model year, the automaker already is rolling out a few updates for the 2018 model year. Among the major changes is the availability of the diesel engine on base SE models. Previously the diesel was only available on higher HSE and HSE Luxury trim […]
Reuters/Suzanne Plunkett United Kingdom economic growth beat expectations in the third quarter, and inflation has picked up. The Bank of England is hinting at possible interest rate hikes in coming months. Ex-BOE member David Blanchflower tells us the economy is not ready for higher borrowing costs. Stronger economic growth and higher inflation in the United […]
Spencer Platt/Getty Image Stock and bond markets are in denial about the effects of the Fed’s forthcoming QE unwind, whose kick-off is getting closer by the day, according to the minutes of the Fed’s July meeting. “Several participants” were fretting how financial conditions had eased since the rate hikes began in earnest last December, instead […]
Seattle’s decision to hike its minimum wage up to $ 13 an hour—on its way to $ 15—ended up costing its low-wage workers time on the job, hundreds of dollars of annual income, and a shot at a better livelihood. That is a reasonable conclusion one could draw from a blockbuster, if not yet peer-reviewed, […]
Lucy Nicholson/Reuters Stocks closed little changed on Wednesday after the Federal Reserve raised its benchmark interest rate as investors had expected. However, Treasurys rallied, sending bond yields lower even after the rate hike, and hinting that bond traders didn’t expect inflation to take off. Oil prices slumped after the Energy Information Administration reported a […]
Comcast’s customer satisfaction score for subscription TV service fell 6 percent in a new survey, putting the company near the bottom of rankings published by the American Customer Satisfaction Index (ACSI). Comcast’s score fell from 62 to 58 on ACSI’s 100-point scale, a drop of more than 6 percent between 2016 and 2017. The ACSI’s […]
For restaurant workers, especially kitchen staff who don’t receive tips, a boost in the minimum wage is usually welcome. But restaurant owners don’t always see it that way. They often argue that raising the price floor for labor can cause businesses running tight margins—as many restaurants do—to shutter. A new study from Harvard University in […]
Fabian Bimmer/Reuters Stocks are headed upwards after the Federal Reserve raised its key federal funds rate to 0.75% to 1.0% on Wednesday. All three major indexes rallied after the Fed announced its decision that indicated inflation has moved closer to its goal of 2% and the economy remains strong. The Dow was up 97 points for the […]
Charles Rex Arbogast/AP Friday’s strong jobs report gave the Federal Reserve the final clearance it needs to raise interest rates at its March meeting. The economy added 235,000 jobs, beating the forecast for 200,000 jobs. A month ago, markets saw a rate hike as a low probability, just 28%. The odds are now 100%, according […]
