Friday, June 3, 2016

TheStreet: Technology Is Killing U.S. Jobs Says Jim Cramer

Published on 3 Jun 2016
Technology is evolving quickly and that digitization is destroying a lot of U.S. jobs, said TheStreet's Jim Cramer on the heels of the worse-than-expected May employment report. The 38,000 jobs created in May fell well short of consensus expectations of around 160,000. Also not helping the employment figures is the fact that coal, rail and oil jobs are 'going away' more quickly than people expected. Even banks are shutting down branches because of smartphone apps that reduce the need for bricks-and-mortar outposts.
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#USA - economy suffers weakest growth since 2010 adding 38,000 jobs: wochit Business

Published on 3 Jun 2016
The US economy added just 38,000 jobs in May for the weakest growth since 2010. It gained 122,000 fewer jobs than expected ahead of a crucial meeting of the Federal Reserve. The department of labor announced Friday that the unemployment rate slipped down to 4.7%. A strike by 40,000 Verizon workers impacted the numbers. However, including them in the count would still account for less than half of expected job growth. The massively disappointing report is the last before the Fed’s next two-day meeting on June 14 when the US central bank may raise interest rates again. It is sure to add to speculation that a rate hike could be delayed until July
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#USA - Jamie Dimon: 'We are not losing talent to Silicon Valley. Political environment is 'terrible' : CNNMoney

Published on 3 Jun 2016
JPMorgan CEO Jamie Dimon says the competition from Silicon Valley is real and keeps the bank on its toes, but says "we are chalk full of talent. We can hire most people we want."
Published on 3 Jun 2016
JPMorgan CEO Jamie Dimon says the state of U.S. politics in this election cycle is "terrible" and that the electorate is being "jazzed up" and "manipulated."

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#France - Water Levels Continue to Rise in Flooded Paris: Wall Street Journal

Published on 3 Jun 2016
At least two people have died, as water levels continue to rise in Paris.
The Seine River reached its highest level since 1982 and could peak at more than 19 feet later in the day, twice its normal height, according to local authorities. Photo: Reuters
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Hummingbird Resources (LON:HUM) eyeing Mali gold production in 16 months: ProactiveInvestors Stocktube

Published on 3 Jun 2016
Bert Monro, head of business development at Hummingbird Resources PLC (LON:HUM), says the fundraise for up to £52.7mln for the Yanfolila gold mine in Mali has been “extremely well supported by new and existing shareholders, and management are taking part as well.”

He expects the project to be high margin, explaining that “the combination of the grade and open-pit mining means that you’re able to drive extremely high returns.” Crucially Hummingbird anticipates gold production in around 16 months time.

Monro says Hummingbird is looking to hire some key positions both for the immediate construction as well as over the longer-term and, because not too many projects are currently being commissioned globally, it makes the job of hiring “world-class” people that bit easier.

 http://www.4-traders.com/HUMMINGBIRD-RESOURCES-LTD-6978593/



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Mortice (LON:MORT) going from strength to strength - Chairman: ProactiveInvestors Stocktube

Published on 3 Jun 2016
The past year has been a good one for security and facilities management company Mortice Limited (LON:MORT), and executive chairman Manjit Rajain expects this strong performance to continue over the coming 12 months.

“We’ve enjoyed consistent growth and the last year has been a really great one,” says Rajain. “I’m quite sure that the company will continue to grow and do well as it has done in the past.”

He says that Mortice is starting to benefit from some of the synergies being delivered by its portfolio companies, which is helping the growth.

Rajain also touches on the subject of acquisitions, stating that the company will look for more in the future, but cautions it can take time to find the right kind of buy.

http://www.4-traders.com/MORTICE-LIMITED-4008463/
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Some Airbnb Users Claim Hosts Rejected Them Over Race: ABC News

Published on 3 Jun 2016
Home-sharing website says it's working to combat racial discrimination but some users say they were judged by their name and photo.
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#USA - Father lunges in Cleveland courtroom at man convicted of killing his daughter: FOX 5 Atlanta

Published on 2 Jun 2016
Chaos in a Cleveland, Ohio courtroom Thursday as an anguished father attacked the man convicted of killing his 18-year-old daughter.

He was about to testify in the penalty phase of Michael Madison's murder trial, but turned and lunged at Madison before he was restrained.

Madison was convicted of killing three women whose bodies were found in July of 2013.
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