Oil started the first week of 2017 with a bang but ended it with a whimper, as the Opec fireworks that dominated the last quarter gave way to the more mundane reality of monitoring if the cartel will make good on its pledged cuts. Brent crude oil briefly touched an 18-month high above $58 a barrel on the first day of trading but there was little fresh […]
On the heels of Czech President Milos Zeman’s warnings of a possible “super-Holocaust” carried out by Muslim terrorists, urging citizens to arm themselves, WaPo reports the country’s interior ministry is pushing a constitutional change that would let citizens use guns against terrorists if police are delayed or unable to make their way to the scene of an attack. Czech president Milos Zeman had previously proposed that economic […]
BAGHDAD Iraq’s Prime Minister Haider al-Abadi said on Saturday an agreement had been reached with Turkey over an Iraqi demand that Turkish forces withdraw from the Bashiqa camp near Mosul in the north of the country, Iraqi state TV reported. However, a joint communique issued after Abadi met his Turkish counterpart Binali Yildirim in Baghdad did not refer to any such deal, but said both sides stressed […]
The amount of money making bets that US Treasuries will fall in value climbed to a new record high over the last week in a wager that faster US economic growth and higher inflation will weigh further on government bond prices. So-called “non-commercial” speculative positions selling the 10-year Treasury futures contract have been rising since the US presidential election and hit 816,156 contracts in the week to […]
Submitted by Brandon Smith via Alt-Market.com, Yes, the narrative of the “new normal” has been around for so long now that many people have simply grown used to it. The assumption is that the fiscal “new normal” has become the fiscal “normal,” and though the fundamentals continue to strain under the weight of poor global demand and historic debt levitated by extraneous fiat stimulus, the masses feel […]
Dubai Opera has just celebrated its first 100 days of operation, with more than 60 shows delivered and passing the milestone of 100,000 tickets sold along the way. Whilst these achievements are ones of which everyone who works at Dubai Opera is exceptionally proud, we all recognise that we are really just starting out on the path towards our goal of regularly bringing world-class cultural, artistic and […]
Apple’s iPad Pro 2 is expected to come in three models this year, ready to go head to head with the powerful Microsoft Surface Pro 4. The iPad Pro is currently available in 9.7- and 12.9-inch configurations and it’s Apple’s most powerful tablet so far. The two iPad Pro models are widely considered to be among the best tablets on the market, but they’re due for a […]
By Roberta Rampton | WASHINGTON WASHINGTON President Barack Obama said on Friday that criticism from the left wing of his own Democratic Party helped feed into the unpopularity of Obamacare, his signature healthcare reform law. Obama has been spending part of his last two weeks in office urging supporters to speak out against plans by Republicans – who will soon control both the White House and Congress […]
Submitted by Lance Roberts via RealInvestmentAdvice.com, A few week’s ago I discussed the post-election surge in the market based on rather optimistic outlooks as opposed to the technical underpinnings that currently exists. As I specially stated in the weekend newsletter entitle “Dow 20,000” the market was beginning to take on an eerily similar feeling: “If this market rally seems eerily familiar, it’s because it is. If fact, the backdrop […]
A round-up of major happenings in Pakistan in the last week. Pakistan Prime Minister Nawaz Sharif. Credit: PTI Panama Papers investigation After weeks of acrimony, the first day in office for new Chief Justice Mian Saqib Nisar was an unusually harmonious one, with all parties hailing the constitution of a new bench for the Panama Papers hearings that will resume on January 4. Nisar excluded himself from […]
Apple launched its latest operating system – iOS 10 – amid much excitement in 2016 and now, a new survey reveals that a majority of Apple users have installed the update on their compatible iPhone, iPad or iPod. It’s been nearly four months since iOS 10 was made available to Apple users and the official statistic from Apple reveals that this version of the operating system is now running […]
Never mind football’s alarmingly martial terminology. What Saban, who cut his coaching teeth on defense, noticed and passed along helped Alabama find solutions that led to 269 rushing yards — more than twice the average Washington had allowed in games this season. Continue reading the main story “It’s good for the offense,” Bobby Williams, a special assistant who has held several coaching jobs on Saban’s staffs, said […]
Something remains very broken with the US labor market: while the unemployment rate remains just shy of the lowest print since August 2007, rising fractionally to 4.7%, wage growth for most workers, as reported earlier, rose just 2.5%, far below the 4.0% it was when the unemployment rate last hit 4.7%. This continues to vex economists who have vowed that if only one lowers the unemployment rate […]
By Yashaswini Swamynathan U.S. stocks edged lower on Friday after data showed employment in December rose less than expected but a rebound in wages suggested sustained growth in the labor market. The public and private sectors together added 156,000 jobs last month, a U.S. Labor Department report showed, compared with 204,000 jobs added in November. Average hourly earnings increased 10 cents, or 0.4 percent, after slipping 0.1 […]
Intel Compute Card First there was the Compute Stick, Intel’s mini-computer that resembles a pack of gum. Now the chip giant is releasing a PC that’s even more diminutive than that device. The new Compute Card is even thinner than the Compute Stick, looking more like a slightly bigger, thicker credit card. It’s a mere 5mm thick, but still manages to house most of the essentials for […]
By Isabel Coles and Saif Hameed | NORTH OF MOSUL, Iraq/BAGHDAD NORTH OF MOSUL, Iraq/BAGHDAD Elite Iraqi troops bridged a river under the cover of darkness to seize a district of Mosul in an unprecedented night raid early on Friday, part of a new phase in the battle to capture the city from Islamic State after weeks of slowed momentum. Since last week, Iraqi forces have launched […]
Each quarter Credit Suisse’s U.S. Equity Strategy team, led by Lori Calvasina, takes a deep dive into the stock level holdings of long-only, actively managed small, SMID, mid & large cap funds to see which stocks officially qualify as the most crowded trades on wall street. While the results obviously vary across the size categories, Tech, Healthcare and Financials seemed to be recurring themes for the most […]
What with the Golden Globes, the Oscars, the Baftas and the host of other award ceremonies jamming up their calendars, it’s a wonder that the stars of stage, screen and television ever have time to act. Plus, as British comedian Ricky Gervais liked to point out on each of the four occasions he presented the annual Golden Globes ceremony in Los Angeles, watching the impossibly wealthy and […]
Samsung Electronics has forecast its best quarterly profit in more than three years, projecting that operating profit for the last three months of 2016 surged 50 per cent as strong sales of chips and display panels offset the Galaxy Note 7 debacle. The world’s largest maker of memory chips as well as smartphones estimated its fourth-quarter operating profit at Won9.2tn ($7.8bn), the highest since the third quarter […]
With all eyes likely on wage growth indications in the subtext of tomorrow’s payrolls report (following The Fed Minutes’ comments on full employment), Goldman Sachs is forecasting a better-than-expected 0.3% rebound in average hourly earnings (helped by more favorable calendar effects) and a better-than-expected 180k payrolls print (albeit with a small rise in the unemployment rate). However, they are careful to note that any downside can be […]
News flash: In 2017, Microsoft Connected Car is now known as Microsoft Connected Vehicle. Otherwise, Microsoft’s automotive strategy remains the same as it was in 2016. Credit: Microsoft Last year, Microsoft execs made it clear that embedding some variant of Windows inside a car is not what Microsoft officials believe to be important — or, more importantly, something they could attain. Last year at CES, Microsoft execs […]
By Suleiman Al-Khalidi | AMMAN AMMAN The Syrian army and its allies pressed ahead on Friday with a two-week-long offensive to seize a strategic valley where a key spring provides supplies to four million people in the capital, Damascus, residents and rebels said. Aerial bombing and shelling from the army as well as Hezbollah fighters stationed in the mountains that overlook the valley on the northwestern edge […]
Your daily guide to community and cultural activities across the Emirates for January 6, 2017, including performances, festivals, art exhibitions, film screenings, health and fitness events, talks, classes, workshops and family fun. newslide Abu Dhabi Cultural festival Enjoy the extended opening of Sheikh Zayed Heritage Festival. Learn more about local culture at this event that celebrates the legacy of the founding President of the UAE, including entertainment […]
The United States on Thursday officially listed a son of Osama bin Laden as a “global terrorist,” and warned that the younger man, who has called for attacks around the world, poses a risk to American national security. The son, Hamza bin Laden, who has pledged to take up Osama bin Laden’s violent mantle and avenge his death, is “actively engaged in terrorism,” the State Department said, […]
