Rate hikes: Now the question is, how quickly?
The wise New York Yankee Yogi Berra once said: “I never make predictions, especially about the future.” But Federal Reserve policymakers, who announced a quarter-point interest rate increase on Wednesday, made clear they expect two more such hikes this year, with a similar steady pace through 2019.Will they be able to pull off the continuous string of increases that Fed Chair Janet Yellen outlined Wednesday at her post-announcement news conference? A lot of things can happen that could cause the..>> view originalGoPro Surges After Job Cuts Bring Elusive Profit Goal Closer
GoPro Inc. shares rose the most in almost a year after the action-camera maker unveiled a second round of job cuts that get it closer to an elusive goal of making a profit. Shares jumped 13 percent to $8.29 at 1:49 p.m. in New York after earlier surging as much as 18 percent. The company said late Wednesday it’s eliminating about 270 full-time and open positions. In November, it chopped 15 percent of its workforce and shut down its entertainment division. GoPro had 1,552 employees at the end of..>> view originalLong before new hacks, US worried by Russian spying efforts
WASHINGTON — Years before Russian intelligence agencies stood accused of interfering in the U.S. presidential election and of orchestrating a massive Yahoo data breach, there was lingerie model Anna Chapman and her band of “Illegals” — Russian spies who assumed false identities and lived as deep-cover agents in middle-class America. The busting-up of that spy ring, along with the arrest two years ago of a Russian spy who posed as a Manhattan banker and this week’s announcement of an indictment ..>> view originalCourt holds TEPCO, govt liable for Fukushima safety failures
TOKYO (AP) — A court Friday held Japan's government and a utility liable for neglecting tsunami safety measures at the Fukushima nuclear plant and ordered them to pay more money to dozens out of the thousands of people who fled radiation released during the March 2011 disaster.The ruling was the first from about 30 lawsuits filed by thousands of evacuees and could set a precedent for the other cases. About half of the 150,000 people forced to leave their homes still cannot return, six years afte..>> view originalEd Miliband announces new job at Heat magazine as George Osborne joins Standard
Osborne will replace the current editor Sarah Sands, who is leaving the Evening Standard after five years to join the BBC.After the announcement the former Labour leader Miliband tweeted, seemingly as a joke: "Breaking: I will shortly be announced as editor of Heat magazine...."Osborne, 45, will take up his role in early May, editing the paper four days a week, and has vowed to keep on serving his Cheshire constituency at the same time.The Tory MP for Tatton was sacked as chancellor by incom..>> view originalCanada Goose shares jump in stock market debut
Canada Goose Holding (GOOS.TO) CEO Dani Reiss says he will not be diluting its winter brand to cash in on short-term profit temptations. “No bathing suits and flip flops for Canada Goose, I can assure you that. We believe in making best-in-class products and staying authentic,” said Reiss in an interview with BNN on Thursday. The maker of $900 parkas priced the offer above the marketing range on Wednesday, underscoring strong investor appetite for a brand that celebrities have made popular. The ..>> view originalA US 'ally' fired a $3 million Patriot missile at a $200 drone. Spoiler: The missile won.
With a price tag of about $3 million, the U.S. Army’s Patriot missile is among the most sophisticated, not to mention costliest, surface-to-air defense weapons in the world. Capable of flying five times the speed of sound, the 700-pound, five-meter-long Patriot’s main purpose is to intercept other missiles. But according to an Army general, a U.S. ally recently used one to shoot down a different target: a $200 drone aircraft. Gen. David Perkins, commander of the U.S. Army Training and Doctrine ..>> view originalComma comeuppance: When rogue punctuation proves costly
Image copyright Getty Images A US dairy faces an overtime bill of about $10m (£8m), after a group of truck drivers won a pay dispute that hinged on some punctuation.An appeal court sided with the drivers, saying the lack of a comma in the state of Maine's overtime laws made the regulations too ambiguous.The ruling has been branded "profoundly nerdy" by Quartz, while the Guardian says it "will delight grammar nerds and Oxford comma enthusiasts anywhere".So how did it happen?Well, Maine's law..>> view originalCMO Today: The Guardian Pulls its Google Ads Over Content Worries
March 17, 2017 7:43 a.m. ET GOOFLE: If you follow the online advertising business, you probably wouldn’t be shocked to hear about another marketer ending up next to dicey digital content after its ads were placed by an ad tech middleman. But what if Google was involved? The Guardian reported it pulled all of its ads from Google and YouTube because they were found adjacent to extremist content after its agency used Google’s programmatic ad exchange. Google responded that it has ..>> view originalMcDonald's official Twitter account mocks Trump's 'tiny hands'
Getty McDonald’s official Twitter account mocks Trump’s ‘tiny hands’ By Madeline Conway 03/16/17 10:11 AM EDT Updated 03/16/17 06:58 PM EDT McDonald's seemed to challenge President Donald Trump to a Twitter war on Thursday morning before quickly walking it back, saying its account had been "compromised." “@realDonaldTrump You are actually a disgusting excuse of a President and we would love to have @BarackOb..>> view original
Tuesday, April 4, 2017
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