The Federal Reserve on Wednesday will offer more details on policy makers’ outlook for 2018 when it releases the minutes of their Jan. 30-31 meeting. Officials voted then to hold their benchmark federal-funds rate steady in a range between 1.25% and 1.5%. The minutes will be released at 2 p.m. EST.
President Donald Trump’s first official economic report to Congress makes a lengthy case that the U.S. economy has been weak in recent years, not because of the severity of the most recent recession, but because of policy mistakes by Mr. Trump’s predecessor.
Sales of previously owned U.S. homes in January experienced their sharpest annual drop in more than three years as low inventories and rising prices and interest rates took a toll.
The effect of oil prices on the U.S. economy used to be straightforward: Higher was bad. Yet between 2014 and early 2016, as oil collapsed, growth slowed sharply. Since then oil has doubled, yet the economy has accelerated.
SAN FRANCISCO (AP) — Google's voice-activated assistant is branching out to Nest's deluxe security camera in an expansion that may amplify the privacy concerns surrounding internet-connected microphones.
The virtual assistant is being offered to owners of the Nest Cam IQ in a free update rolling out Wednesday. The move comes just two weeks after Nest moved back under Google's direct control after spending nearly 2 1/2 years as a separate company owned by the same parent, Alphabet Inc.
The $300 Nest Cam will give Google another potentially valuable earhole in its battle with Amazon and Apple to build digital command centers in people's home.
WASHINGTON (Reuters) - The White House on Wednesday praised an experimental program in Oregon that charges a mileage tax to volunteer drivers, adding to signals that President Donald Trump is open to finding new revenue sources to pay for his proposed infrastructure program.
At a time when media companies old and new are laying off employees, a publication founded in 1857 goes against the grain with support from Laurene Powell Jobs.
FRANKFURT (Reuters) - Neo-Nazis are attempting to infiltrate one of Germany's biggest car makers, Daimler , to turn a key factory into a showcase for their views, the plant's works council said on Wednesday.
Nabeel Rajab, a leading figure of pro-democracy rallies in 2011, had criticized prison abuses and the Yemen war. He was already serving time for criticizing the government.
NEW YORK (AP) — The latest on developments in financial markets (all times local):
Gains in technology, banks and industrial companies are driving stocks higher in midday trading, making up some of the ground the market lost a day earlier.
Facebook was up 2.8 percent Wednesday, JPMorgan Chase rose 1.6 percent and Amazon rose 1.8 percent.
Advance Auto Parts jumped 10.6 percent after reporting better earnings than analysts were expecting. Extra Space Storage climbed 1.7 percent after its results also came in ahead of forecasts.
The Standard & Poor's 500 index rose 19 points, or 0.7 percent, to 2,735.
The Dow Jones industrial average climbed 145 points, or 0.6 percent, to 25,110.
U.S. stocks rose on Wednesday, with technology shares and Amazon driving gains ahead of minutes of the Federal Reserve's most recent policy meeting.
(Reuters) - U.S. stocks rose on Wednesday, with technology shares and Amazon driving gains ahead of minutes of the Federal Reserve's most recent policy meeting.
Qualcomm defied Broadcom’s demand not to raise its takeover bid for NXP. Now Broadcom has retaliated.
(Reuters) - Broadcom Ltd cut its bid for Qualcomm Inc on Wednesday by 4 percent to $117 billion, after the latter raised the stakes in the chipmaker takeover battle with a sweetened $44 billion agreement to acquire NXP Semiconductors NV .
We all feel urges and impulses when something shiny is in front of us. But we are not the sum of our spending thoughts, and pausing does not hurt.
The global financial services company will tear down its Park Avenue headquarters and take advantage of new zoning rules to build a bigger, sleeker one.
Gains in technology, banks and industrial companies drove U.S. stocks higher Wednesday as investors sized up the latest company earnings news. Consumer goods companies lagged the most. The latest gains put the market on track to recoup some of its losses from a day earlier.
KEEPING SCORE: The Standard & Poor's 500 index rose 15 points, or 0.6 percent, to 2,731 as of 11:19 a.m. Eastern Time. The Dow Jones industrial average gained 104 points, or 0.4 percent, to 25,069. The Nasdaq added 58 points, or 0.8 percent, to 7,293. The Russell 2000 index of smaller-company stocks picked up 17 points, or 1.1 percent, to 1,547.
TECH BUMP: Gains in several technology companies helped lift the market in early trading.
WASHINGTON (Reuters) - U.S. home sales unexpectedly fell in January, leading to the biggest year-on-year decline in more than three years, as a persistent shortage of houses pushed up prices and kept first-time buyers out of the market.
SEOUL, Feb 21 (Reuters) - General Motors (GM) has proposed an investment of $2.8 billion into its loss-making South Korean operations over the next 10 years and has asked Seoul to provide its share of the funds, a South Korean government official said on Wednesday.
NEW YORK (Reuters) - General Electric Co Chief Financial Officer Jamie Miller said on Wednesday that the industrial conglomerate has no plans to raise equity to strengthen its balance sheet, dismissing speculation about such a move.
Two Americans snapped up large swaths of land in Chile, which they donated to a new conservation area that will be three times the size of Yosemite and Yellowstone combined.
Running a service-based business has a lot of advantages. You can help customers in your community, offer residential or commercial services, and you can choose to specialize in a certain area of business.
Plumbers can choose to offer sewer repairs, electricians can choose to work just on new homes being built.
Trades are in high-demand, and the growth in these fields continues to grow as the population continues to grow. The environment is perfect to start a service business, but running that business efficiently is difficult.
A major downfall in many businesses is efficiency.
How does a service business stay efficient in the early stages of business?…
FRANKFURT (Reuters) - Volkswagen has agreed to raise the wages of around 120,000 workers in Germany by 4.3 percent from May, resolving a dispute that had prompted its first strikes since 2004.
WASHINGTON (AP) — U.S. sales of existing homes fell in January from a year earlier by the most in more than three years. Would-be buyers were stymied by rising prices and a shortage of homes for sale.
The National Association of Realtors said Wednesday that sales dropped 3.2 percent from December to January, the second straight monthly decline, to a seasonally adjusted annual rate of 5.38 million. That was the slowest sales pace since September.
Compared with 12 months earlier, sales dropped 4.8 percent — the steepest year-over-year decline since August 2014.
A lack of available homes is holding back sales, even as Realtors report that more people are visiting open houses and demand is strong.
Trust is the most important thing when trying to bring in new customers, especially in the services industry. Customers have already heard nightmare stories about fly-by-night contractors, plumbers who never show and HVAC technicians who make the problem worse.
How can you win over customers when they view you as untrustworthy before they even use your service?
Offer them a guarantee.
Many service providers never think to offer a guarantee. They assume that services cannot be guaranteed. After all, you can’t send back bad catering or a bad haircut for repair.
When we say “guarantee,” we’re not talking about the service itself, but rather, customer satisfaction.…
A surge of legal cases against entertainers, journalists and activists has raised concerns about one of the Arab world’s freest environments.
Even in Anchorage, hunting down fresh fruit and vegetables can be like panning for gold. The smartest prospectors have a strategy.
It can be tempting to hook up everything you love to the internet. But take a moment to appreciate some of the objects that can remain unplugged.
WASHINGTON (AP) — US home sales fell 3.2 percent in January, post biggest annual decline in 3 years.
3M Co. will pay $850 million to settle Minnesota’s lawsuit, claiming the manufacturer contaminated water in the state for at least five decades.
VANDENBERG AIR FORCE BASE, Calif. (AP) — SpaceX has postponed a satellite launch from Vandenberg Air Force Base in California.
The company called off Wednesday's pre-dawn launch due to strong upper-level winds.
Liftoff of Spain's PAZ (pahs) radar-imaging satellite is rescheduled for 6:17 a.m. Thursday.
The timing of the launch has created expectations of a repeat of the light show caused by a December launch that was visible for hundreds of miles and set off a storm of social media postings.
However, weather conditions this week are much less clear as clouds stream across Southern California ahead of a trough of low pressure that may bring rain.
DETROIT (AP) — The latest variation of an Uber ride will require a short walk.
In eight U.S. cities, the ride-hailing company is rolling out a service called "Express Pool," which links riders in the same area who want to travel to similar destinations. Once linked, riders would need to walk a couple of blocks to be picked up at a common location. They also would be dropped off at a site that would be a short walk from their final destinations.
Depending on time of day and metro area, Express Pool could cost up to 75 percent less than a regular Uber ride and up to half the cost of Uber's current shared-ride service called Pool, said Ethan Stock, the company's product director for shared rides.
ANKARA, Turkey (AP) — Turkey's president says the country will develop unmanned tanks to minimize risks to soldiers in combat.
Recep Tayyip Erdogan announced the plan Wednesday during a speech delivered at a conference on Turkey's five-year development plan.
His comments came as Turkey's military is carrying out a cross-border offensive in Syria to clear a border enclave of Syrian Kurdish rebels.
Erdogan said: "We need to be able to manufacture unmanned tanks and we will do this ... We are becoming a country that is catching this technology."
The Turkish leader said that U.S. refusal to provide Turkey with drones in the past had forced the country to develop and produce its own.
NEW YORK (AP) — Priceline is changing its name to Booking Holdings Inc., citing its expansion into numerous international brands over the last 20 years.
The change at the former Priceline Group Inc. is effective immediately. The company will begin trading under the ticker symbol "BKNG" on February 27.
The travel website company operates in more than 220 countries. It said Booking.com, its largest brand, has more than 1.5 million properties and averages a million bookings per day.
The company's websites include Booking.com, priceline.com, KAYAK, agoda.com, Rentalcars.com and OpenTable. The company will still be based in Norwalk, Connecticut.
SAN JOSE, Calif. (AP) — Broadcom is adjusting its buyout offer for Qualcomm, a day after that chipmaker raised its bid for NXP Semiconductors to approximately $43.22 billion.
Broadcom Ltd. said Wednesday its revised offer includes $57 in cash and $22 in Broadcom shares. Its prior bid included $60 in cash and the rest in stock. Broadcom said that if Qualcomm doesn't complete the NXP takeover, it will go back to offering $60 in cash and the rest in Broadcom stock. The proposed deal's value still tops more than $121 billion in cash and stock.
Broadcom said the rest of the terms are unchanged, including an $8 billion termination fee.
San Diego-based Qualcomm Inc. makes the Snapdragon chips used in smartphones and tablets.
JERUSALEM (Reuters) - Intel Corp plans to invest $5 billion to expand production at its Kiryat Gat plant in southern Israel, Israeli Economy Minister Eli Cohen said on Wednesday after talks with the U.S. chipmaker.
Government officials are hoping to spur vitally needed imports like food and medicine and, perhaps, give investors a way of skirting American sanctions.
TOKYO (AP) — Shares slid Wednesday in Europe after a day of gains in Asia as attention turned to minutes from the latest meeting of the Federal Reserve.
KEEPING SCORE: Germany's DAX slipped 0.7 percent to 12,402 and the CAC 40 of France lost 0.4 percent to 5,270. Britain's FTSE 100 was flat at 7,246. Dow futures edged 0.1 percent lower and S&P 500 futures were down almost 0.1 percent, pointing to small losses on the open in New York.
ASIA'S DAY: Japan's Nikkei 225 index climbed 0.2 percent to 21,970.81 and Hong Kong's Hang Seng advanced 1.8 percent to 31,431.89. Australia's S&P ASX 200 edged 0.1 percent higher to 5,943.70 and the Kospi in South Korea added 0.6 percent to 2,429.65. India's Sensex gained 0.3 percent to 33,801.
Maribel Vinson, a three-time Olympian and renowned coach, had another distinction that is almost forgotten: She was the first female sportswriter at The New York Times.
Wage growth remained largely unchanged over the period but jumped in December alone, the Office for National Statistics said.
Broadly defined, sexual harassment is surprisingly pervasive, a new survey finds, and men are targets, too.
Attracting – and keeping – new customers is no easy task for any business. But if you’re not expanding your customer base, you’re not growing or increasing your profits. Use these five methods to woo new customers and keep them around.
1. Be Responsive. Be Human
The quickest way to turn customers off is to provide poor customer support. Ignoring messages and feedback gives the impression that you don’t value your customers – the lifeblood of your business.
A colleague once contacted several companies when he was looking to have his new home built. Some he called; some he contacted through email.…
LONDON (AP) — There are signs that the turmoil in financial markets at the start of February had a negative impact — albeit a short-term one — on the fast-growing 19-country eurozone economy.
A closely monitored survey of the private sector found activity cooling during the month but still remaining near levels not seen since before the global financial crisis over a decade ago.
In its monthly survey, financial information firm IHS Markit found that its main gauge of business activity across manufacturing and services — the so-called purchasing managers' index — slipped to 57.5 points in February from the previous month's 12-year high of 58.8.
SEOUL, South Korea (AP) — Asian retail and chewing gum giant Lotte has accepted the resignation of its co-CEO after he was convicted of bribery and embezzlement in a wide-ranging corruption scandal that brought down South Korea's president.
The company said Wednesday that Shin Dong-bin has left his CEO post at Lotte Holdings but will remain on its board as vice chairman. Shin, a son of Lotte's founder, was convicted and imprisoned earlier this month
His Japanese co-CEO, Takayuki Tsukuda, will head the holding company at the heart of Lotte's complicated ownership structure, Lotte Holdings said in an emailed statement.
Next to Apple’s iOS and Google’s Android, Amazon’s voice assistant may be turning into the third great consumer computing platform of our era.
New research from McKinsey suggests that for the economy to become more productive, demand matters.
The Players’ Tribune, a pet project of Derek Jeter’s, allows the stars to tell their own stories. It’s occasionally great — but is it journalism?
There are plenty of good reasons why small business owners should consider presenting at — rather than just attending — conferences. For one, it’s an opportunity to showcase their products and services to a high volume of prospective customers and to attract interest from potential suppliers, vendors, influencers, and other strategic partners.
However, some small business owners fail to achieve significant — or in some cases any — return on investment from their conference-booth spend. And while each story has its unique variables and nuances, typically it’s the unfortunate result of making one, some, or all of the following fatal mistakes:
TOKYO (Reuters) - A second year of slowing growth in the U.S. auto market is forcing Japanese automakers to look beyond discounts to grow market share and focus more on boosting profitability in their largest market.
Vice President Mike Pence is expected to announce new moves promoting private ventures in space, including easing launch rules and putting the Commerce Department in charge of broader deregulation initiatives.
Bill O’Reilly, Rush Limbaugh and Jack Kingston express suspicion toward the teenage survivors. The website Gateway Pundit claims they were coached.
Walmart reported strong holiday sales but said online sales growth slowed during the quarter, marking a turn from three quarters of booming web growth.
TOKYO (AP) — Shares were higher in Asia on Wednesday, supported by rosy manufacturing data from Japan. The gains came despite losses on Wall Street, where a six-day winning streak was snapped by a plunge in Walmart stock and losses in other sectors.
KEEPING SCORE: Japan's Nikkei 225 index climbed 0.6 percent to 22,064.55 and Hong Kong's Hang Seng advanced 1.0 percent to 31,169.79. Australia's S&P ASX 200 edged 0.1 percent higher to 5,946.00 and the Kospi in South Korea added 0.3 percent to 2,422.34. Shares in Southeast Asia were mixed. Markets in mainland China were closed for a final day of lunar new year holidays.
CARACAS, Venezuela (AP) — Cash-strapped Venezuela on Tuesday became the first country to launch its own version of bitcoin, a move President Nicolas Maduro celebrated as putting his country on the world's technological forefront.
In its first hours on the market, the so-called petro racked in $735 million worth in purchases, Maduro said without providing details.
The petro is backed by Venezuela's crude oil reserves, the largest in the world, yet it hit the market as the socialist country sinks deeper into an economic crisis marked by soaring inflation and food shortages that put residents in lines for hours to buy common products.
"We have taken a giant step into the 21st Century," Maduro said in a nationally broadcast show.
The grocery chain’s deal and the retail giant’s drop in profits are the latest signs of the pressure that Amazon is putting on traditional businesses.
LOS ANGELES (AP) — A California law that sought to prevent age discrimination in the entertainment industry by blocking a popular Hollywood website from posting the ages of actors was struck down Tuesday as unconstitutional.
U.S. District Court Judge Vince Chhabria in San Francisco said the law passed in 2016 violated the First Amendment rights of IMDb.com by preventing it from publishing factual information on its website that provides information about movies, television shows and their casts and crews.
The law was a "direct restriction on speech" and was flawed because it was not narrowly tailored and was "underinclusive" by targeting IMDb, Chhabria said.
The company found itself struggling with shortages, with a hiccup in its supply chain forcing the closure of hundreds of outlets.
HONOLULU (AP) — Hawaii's nuclear missile scare showed that the state began testing alerts before fully developing a plan to address the ballistic missile threat and that a public outreach campaign months earlier wasn't effective, said a report released Tuesday.
The state Department of Defense, the agency that oversees Hawaii's emergency management, released the internal review after an alert was sent to cellphones, televisions and radio stations across the state last month.
The notification, which read "BALLISTIC MISSILE THREAT INBOUND TO HAWAII. SEEK IMMEDIATE SHELTER. THIS IS NOT A DRILL," triggered widespread panic as more than a million residents and visitors feared they were about to face a ballistic missile strike.
NEW YORK (AP) — Toy makers have gone to the toilet for their latest creations.
Mattel, a company best known for its clean-cut Barbie dolls, is set to release a game called Flushin' Frenzy that sends a brown plastic poop flying into the air.
Rival Hasbro, whose water-squirting game Toilet Trouble was a hit last year, stuck with the potty humor this year and released Don't Step In It, a game where players are blindfolded and have to avoid stepping in poop that's molded out of a clay-like substance.
Toy analysts and experts say the potty-related toys are hitting stores now because of the popularity of the poop emoji, which has also made it more acceptable for parents to buy poop toys for their kids.
Qualcomm raised its bid for NXP Semiconductors to about $44 billion and locked up support from key investors, as the chip maker seeks to fend off a $121 billion hostile takeover approach by Broadcom.
Investors are winners as companies lay out tax-saving plans
NEW YORK (AP) — The tax overhaul was sold by its backers as a way to help American workers, and companies have announced plans to give employees bonuses and improve their operations. But the plans also suggest the lion's share of tax savings will go to investors. Companies have added tens of billions more to buyback programs, a popular way of returning money to investors and making earnings per share look better.
Grocer Albertsons eyes Rite Aid deal in health care push
The owner of Safeway and other grocery brands is buying the drugstore chain Rite Aid as retailers continue to plunge deeper into health care and adjust to swiftly changing shopping habits.
WASHINGTON (AP) — Interest rates on short-term Treasury bills rose in Tuesday's auction to their highest levels in more than nine years.
The Treasury Department auctioned $51 billion in three-month bills at a discount rate of 1.630 percent, up from 1.570 percent last week. Another $45 billion in six-month bills was auctioned at a discount rate of 1.820 percent, up from 1.785 percent last week.
The three-month rate was the highest since those bills averaged 1.690 percent on Sept. 8, 2008. The six-month rate was the highest since those bills averaged 1.900 percent, also on Sept. 8, 2008.
The discount rates reflect that the bills sell for less than face value. For a $10,000 bill, the three-month price was $9,958.
Swiss mining giant Glencore is grappling with a thorny problem: whether it can make royalty payments to Israeli billionaire Dan Gertler, a former partner placed under sanctions by the U.S. government.
A bipartisan spending deal reached by U.S. lawmakers earlier this month has prompted many Wall Street economists to raise their projections of how much the Federal Reserve will raise interest rates this year and next.
Proposed rules allowing meatpackers to slaughter hogs faster and play a bigger role in policing food safety are drawing criticism.
The Trump administration released a proposal that would allow for the proliferation of less-comprehensive, cheaper health plans restricted under the Affordable Care Act.
Albertsons plans to buy the portion of Rite Aid that isn’t being sold to Walgreens Boots Alliance as retailers of all stripes scramble to respond to a rapidly changing consumer shopping landscape.
Government mandates requiring utilities to procure renewable energy should keep U.S. solar power growing, despite new Trump administration tariffs on imported solar panels that are poised to raise prices.
Multiple sectors of the Canadian construction industry are seeing incredible growth in a difficult economy — the estimated statistics are positive, the number of job openings is rising, and the list of future projects is getting longer. This means that the construction industry has to be prepared for the increasing demands, especially when it comes to their chemical supplies.
The growing construction industry in Canada
Construction is a powerful industry that manages to stay steady and even grow when other industries are going through economic troubles. According to data from the National Research Council of Canada, the Canadian construction industry employs over one million people—considering how the country’s entire population is estimated to be over thirty-six million people, this is an impressive percentage.…
Think of the ways you spend your money! Be specific, be controlled and affording luxurious things will no longer be a dream. The infographic drawn by Oliver’s Travels gives us a clear comparison between what we buy and what we could buy for a certain amount of money.
What if you were told that instead of spending money on 12 nights out in NYC, you can book a 5-Day tour to visit Canada and view the Northern Lights? What if you do not spend $906 on Christmas this year and instead rent out a villa in the Caribbean! The infographic has an advice for Formula 1 fans too.…
CEO Daniella Vitale says the old ways don’t work in a market now driven by a new generation.
A receptionist is essential to any growing business. The more time you and your front line staff spend talking on the phone when you could be working for your clients, the less money you’re making at the end of every month. This is a big problem considering there are only so many hours in the day to get everything done, and still ensure 100% customer satisfaction.
A virtual receptionist adds a level of flexibility to your customer service plan, enabling you to take only the most important calls, and even allowing you to keep your phone lines open for calls long after the business closes for the day.…
Depending on the type of business you’re running, you may be considering allowing your employees to either use their own personal vehicles for company activities and then reimbursing them or buying a car for the company that employees can use.
Whichever way you decide to go, it’s important that you plan appropriately and set up the right system so everything runs smoothly, both for your company and for your employees. To help with this, here are three tips for allowing employees to use the company car.
Pick The Right Vehicle
Just like with all other decisions about your company, the type of car you choose to associate with your business can have a big impact on your brand or reputation.…
Have you recently found your company in a bad situation financially? The good news is that you’re not the only one. The bad news is that you need to fix the situation as quickly as possible before it ruins your company’s credit and reputation. Thankfully, there are plenty of things that you can do to right the ship.
Within this guide, you will discover ways to correct your company’s business finances and get out of debt.
Cut Expenses Immediately
If you’ve gotten your company into a bad situation, you need to take action immediately. It is absolutely pertinent to balance out your expenses and your revenue.…
Investment can be done with any worldly thing. But it should provide you an assurance of positive growth with respect to the asset value. If you are an investor, you get a variety of options to make decent investments. There are segments like real estate, stocks, gold, industries etc.
The real estate industry is a booming industry where people buy and sell the property to increase their assets and earn profits. You can either purchase these properties from the direct owners or indulge in auctions. Auctions allow you to bid for the property and make your purchase easily.
Let’s talk about real estate auctions
There are various rules you have to follow while attending an Auction.…