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The pen is mightier than the sword - A picture is worth a thousand words
If
data confirm the economy is continuing to grow and labor markets are
still tightening, Federal Reserve Governor Jerome Powell said on
Thursday a U.S. rate hike may come "fairly soon." The remarks may help
tee up higher rates as soon as mid-June. Powell said the economy remains
on a "solid footing." He views
For
survivors of the world's first nuclear attack, the day America
unleashed a terrible bomb over the city of Hiroshima remains seared
forever in their minds.
Brent
crude tops $50 a barrel for the first time since November. The gains
came after bullish inventory data released by the U.S. Department of
Energy showed a 4.2 million barrel reduction in oil stocks. Analysts
polled by the Wall Street Journal had expected a decrease of 2.5 million
barrels. Takata hired investment bankers to seek a cash infusion and
negotiate with automakers over the ballooning costs it faces for
rupture-prone airbags. The problem airbags have been linked to 11 deaths
and 100 injuries worldwide. The Wall Street Journal says the company
hopes to find a financial investor or automotive company to provide more
cash, and reach a deal with car makers on sharing the costs of the
recall. Costco
Boris
Johnson has hit back at Jean-Claude Juncker after the European
Commission president accused him of needing a reality check on his EU
facts.
The former London mayor dismissed Mr Juncker's jibe saying
that what he was telling British people during the EU referendum
campaign was "in line with reality".
The lack of diversity in film and television dominated the debate during awards season.
Subscribe to The Guardian ► http://is.gd/subscribeguardian
But
away from the Oscars, the UK picture is also bleak: the film Bafta
acting nominees have been almost exclusively white for two years
running. Leah Green looks beyond the headlines to see why diversity
remains such a problem in the UK film and TV industries
Ukraine
was in many ways unprepared for the war against the Russian-backed
separatists of the DNR in the country’s east. Its army, after years of
mismanagement and corruption, was left with just 6,000 combat-ready
troops, and its hospitals had never had to deal with the kinds of
horrific injuries sustained by both soldiers and civilians.
The
embattled country was even less prepared to deal with the psychological
aftermath of the conflict; Ukraine had not been at war since the '80s,
when PTSD was only just beginning to be recognized as a disorder.
With
state care for people suffering with psychological trauma severely
lacking, it has been left to a number of different NGOs to fill in the
gaps in treatment. Hero's Companion, a Canadian organization, trains
service dogs to help Ukrainian veterans with their war trauma.
The
WTI Crude Oil market initially fell during the day on Wednesday, but
you can see turned right back around during the US session to show
bullishness as we ended up forming a hammer at the top of this move
higher. We are sitting just below the vital $50 level, which of course
can find quite a bit of psychological resistance. The fact that we did
up forming a hammer though tells me that the buyers are becoming more
and more aggressive, and as a result we should break above there given
enough time.
May 9 -- Colin Langan, securities analyst at UBS, examines the prospect
of tesla Motors hitting its production forecast of half a million
vehicles by 2018. He speaks on "Bloomberg ‹GO›."
It's
a storybook celebration 90 years in the making! Watch Winnie the Pooh
meet Her Majesty The Queen for the first time in this enchanting
illustrated adventure.
BBC
Sports Editor Dan Roan is granted rare behind-the-scenes access to the
discredited Moscow laboratory, where 1,400 samples were allegedly
destroyed to cover up doping. He speaks to Russian Sports Minister
Vitaly Mutko on the day the country's Olympic committee reveals 14 of
its athletes have tested positive for doping after re-tests of their
samples from the 2008 Beijing Games.
In a statement, the Russian
Olympic Committee said it had received the information in "official
documents" from the International Olympic Committee (IOC). The IOC
earlier said up to 31 athletes could be banned from August's Rio Games.
The
banks and techs are bouncing back and that bodes well for the bulls,
said TheStreet's (TST) Jim Cramer. He said the market is being spurred
by a rally in the banks and it is taking other groups like healthcare
and biotech along for the ride. Cramer said the move in the banks really
came out of nowhere, especially considering Wells Fargo's less than
inspiring presentation yesterday. In Cramer's view 'these are how real
rallies start - on nothing - and then we find out why.'
HP
Enterprises decision to spin off and merge its business-services
division with Computer Sciences Corp. in a deal valued at $8.5 billion
for HPE shareholders is a "win-win for everybody", said TheStreet's Jim
Cramer. Shares of HPE are up almost 10% while Computer Sciences shares
are soaring by 34% to almost $50 on heavy trading volume today as the
Tysons Corner, VA-based global IT provider announced its merger with
Hewlett Packard Enterprise. The company's merger with Hewlett's IT
services businesses is expected to produce cost synergies of about $1
billion in the first year.
Monsanto,
the world's largest seed company, has turned down Bayer AG's $62
billion acquisition bid as "incomplete and financially inadequate." But
as Hayley Platt reports, it is open to further negotiations.
Zimbabwe's
ruling Zanu-PF party wants a million people to march in support of
President Robert Mugabe. But there are doubts about whether the turnout
will be as big as it hopes.
The economy is struggling and Mugabe's critics want the march to become a protest instead.
A
Syrian rebel alliance has begun an offensive against the Islamic State
of Iraq and the Levant (ISIL, also known as ISIS) group in the
countryside, north of Raqqa
Detained Ukrainian pilot Nadiya Savchenko 'has arrived in Kyiv' in a prisoner swap with Russia, reports say.
She
had been captured and put on trial in Russia where she was found guilty
of complicity in the deaths of Russian journalists who were killed by
artillery while covering the conflict in eastern Ukraine.
Savchenko
is said to have been exchanged for two Russian servicemen convicted of
involvement in the conflict in eastern Ukraine.
A
section of the embankment of the River Arno in central Florence
collapsed on Wednesday morning, sending part of the road and at least 20
parked cars into a newly formed ditch.
The collapse took place very close to the famous Ponte Vecchio, a medieval covered bridge over the Arno.
The collapsed segment is about 200m (650ft) in length and 7m (23ft) across.
Firefighters
believe the chasm has been created by the failure of a large water pipe
beneath the surface.Florence's Mayor Dario Nardella tweeted (in
Italian) that no-one had been harmed in the incident on Lungarno
Torrigiani.
He appealed to motorists to remove their cars from the
nearby area, and said the water supply to part of the city centre was
cut off.
According
to a report in Taiwan's Economic Daily newspaper Apple has tapped its
iPhone suppliers to be ready to supply up to 78 million units by the end
of 2016 - well above the 65 million iPhone 7s analysts are forecasting.
Pay attention to the chatter TheStreet's Action Alerts PLUS Portfolio
Manager Jim Cramer says. 'This paper has proven to be very accurate in
the past when iPhone sales would drop.' This is why you're seeing really
good action in NXP Semiconductors , an Action Alerts name, Broadcom and
Skyworks . Cramer doesn't expect a good quarter from Apple which means
if you're in the stock for 'hot money' you'll be wrong, but he likes the
longer term.
David Coulthard and Sebastian Vettel are your guides around one of the most iconic circuits in the world.
A lot of controversy over the first lap accident on the first lap of the Spanish Grand Prix between these two drivers with rumors flying since and both Nicki Lauda and Jackie Stewart strongly voice their opinions about LH and rumor ths he may not drive this weekend for a Monaco Nightclub incident.
The Monaco Grand Prix is a Formula One motor race held each year on the Circuit de Monaco. Run since 1929, it is widely considered to be one of the most ...
Afghanistan’s Taliban militants have confirmed the death of their former leader Mullah Akhtar Mansour, naming his successor.
The
Taliban announced in a statement that Mansour was killed in a US drone
strike in southern Pakistan. One of Mansour’s deputies, Mullah
Haibatullah Akhundzada, has been appointed as the militant group’s new
leader. On Saturday, the United States reported that it had killed the
former Taliban chief in Pakistan’s Balochistan province. The attack
prompted an angry reaction from Islamabad. Prime Minister Nawaz Sharif
said the raid was in violation of Pakistan's sovereignty. The Taliban
militant group has been fighting against the Afghan government for many
years. The fighting between the two sides has killed and displaced
thousands of Afghans.
Our correspondent in Kabul Fayez Khorshid updates us on the latest developments regarding the Taliban.
The
Duke and Duchess of Cambridge accompanied by Princesses Eugenie and
Beatrice join the Queen and Prince Philip for the last of the annual
Buckingham Palace Garden Parties.
May
24 -- Toyota said it is making a strategic investment in Uber and will
offer auto leases to the ride-hailing company’s drivers. Bloomberg's
Jamie Butters reports on "Bloomberg Markets."
U.S.
stocks surged as investors made peace with a possible June rate hike.
After the bell, Hewlett Packard Enterprise announced a spin-off of its
services business. Bobbi Rebell reports.
Reuters
tells the world's stories like no one else. As the largest
international multimedia news provider, Reuters provides coverage around
the globe and across topics including business, financial, national,
and international news. For over 160 years, Reuters has maintained its
reputation for speed, accuracy, and impact while providing exclusives,
incisive commentary and forward-looking analysis.
“I
want to say to all the young people listening: Your talent, your drive,
your dreams—in those things, Vietnam has everything it needs to thrive.
Your destiny is in your hands. This is your moment. And as you pursue
the future that you want, I want you to know that the United States of
America will be right there with you as your partner and as your
friend.” —President Obama. Watch live as the President answers questions
in a town hall with young Southeast Asian leaders in Vietnam.
Thousands
of children in Indonesia, some just 8 years old, are working in
hazardous conditions on tobacco farms. Indonesian and multinational
tobacco companies buy tobacco grown in Indonesia, but none do enough to
ensure that children are not doing hazardous work on farms in their
supply chains.
Tech
Crunch is reporting big changes for Twitter in the coming months, most
notably relaxing their 140 character rules. Twitter announced the plans
in order to make the site more welcoming to new users since the
platform’s user growth has stalled. Some of the items addressed by
Twitter are also aimed to open up
Eurozone
finance ministers have agreed to offer Greece debt relief in 2018. The
amount was not "quantified” by its creditors but the deal is being seen
as a "break through for the country":http://www.ft.com/fastft/2016/05/25/g....
The agreement also won a commitment from the IMF finally to return to taking part in the bailout for Athens.
The IMF has long insisted on the European governments taking a hit to relieve Athens of some of its debt i…
READ MORE : http://www.euronews.com/2016/05/25/eu...
TheStreet's
Action Alerts PLUS Portfolio Manager Jim Cramer said Costco's upcoming
earnings report, released on Wednesday, is the company's last bad
quarter.
The
strike over French labour laws has become more entrenched, amid union
claims that all of the country's oil refineries have been affected by
blockades.
French oil and gas company Total says it will
"seriously consider" its investment plans in France because of the
disruption, iTele television reported the group's chief executive as
saying.
The government has warned that the action won't be tolerated and that sites will be liberated.
As
part of a probe over tax payments, a source close to the finance
ministry told Reuters on Tuesday, French investigators are raiding
Google's Paris headquarters.
A
strategically significant Syrian airbase, used by Russia, appears to
have been almost completely destroyed - according to new satellite
imagery exclusively seen by the BBC. Stratfor analyst Sim Tack explains.
Fighting
broke out on Tuesday at the end of a major demonstration that gathered
tens of thousands in the center of Brussels to protest the center-right
government's social and economic policies.
At the end of the
peaceful rally that gathered some 50,000 people, a few dozen started
throwing rocks at police and scuffles broke out among protesters.
At least one policeman was injured and several protesters.
GasBuddy.com
senior consumer analyst Vera Gibbons on low gas prices and terrorism
concerns leading consumers to take road trips for their family
vacations.
Jamala's
parents say they're upset with Crimea residents' negative reaction to
their daughter's Eurovision song about the Crimean Tatars deportation.
Sara Hemrajani reports.