Fed trumps Trump as dollar, US Treasury yields soar
LONDON The dollar and U.S. Treasury yields jumped on Wednesday, while stocks were mixed, as investors focused less on U.S. President Donald Trump's first speech to Congress and more on what they see as a growing chance of a U.S. interest rate hike this month. Trump took a measured tone in his keenly awaited speech on Tuesday, saying he was open to immigration reform, but failing again to provide much detail on his plans for tax reform and infrastructure spending.For markets, the speech was ove..>> view originalSnap's IPO will price today after the US stock market closes
A Snapchat sign hangs on the facade of the NYSE in New York City.Thomson Reuters(Reuters) - Snap Inc, owner of popular messaging app Snapchat, will price its initial public offering after the U.S. stock market closes on Wednesday in the most eagerly awaited technology IPO since Chinese e-commerce giant Alibaba went public in 2014. The pricing will be the first test of investor appetite for a social-media app beloved by teenagers and 20-somethings but which has yet to turn a profit. The company'..>> view originalTech workers complain about cost of living increases in San Francisco
A tech worker in Silicon Valley said his six-figure salary is not enough to support a family in the famed California region. The Guardian reported that a Twitter employee, whose base salary is $160,000, is finding it difficult to raise a family in San Francisco. “Families are priced out of the market,” the man said. The Twitter employee pays $3,000 for rent for a two-bedroom home. The man was one of several tech workers who spoke to the Guardian about the financial situation in Silicon Valley...>> view originalSome Internet services are sputtering today
The Internet is having some problems this afternoon.Amazon Web Services, which helps companies run their websites and apps, is working to address a storage issue that caused some Internet services to falter Tuesday. Advertisement The Amazon.com subsidiary said clients using its “S3” storage system will “continue to experience high error rates” while it deals with the issue.The S3 system is essentially a cloud-based digital warehouse for companies and organizations. According to Amazon Web Se..>> view original'I must fundamentally change and grow up': Uber CEO Travis Kalanick's big apology
Travis Kalanick, founder and CEO of Uber, delivers a speech at the Institute of Directors Convention in London in 2014. (Will Oliver/EPA) On Tuesday evening, Uber CEO Travis Kalanick sent every one of his employees — some 11,000 people — yet another apology. It was in reaction to a six-minute dash cam video, obtained and published Tuesday afternoon by Bloomberg, showing Kalanick in a heated argument with one of his drivers. View the video below. The argument starts at 3:45. VIDEO The conve..>> view originalAP FACT CHECK: Trump takes credit he hasn't earned
WASHINGTON — President Donald Trump boasted Tuesday night about corporate job expansion and military cost-savings that actually took root under his predecessor and gave a one-sided account of the costs and benefits to the economy from immigration — ignoring the upside. A look at some of his claims in his prime-time speech to Congress: TRUMP: “According to the National Academy of Sciences, our current immigration system costs America’s taxpayers many billions of dollars a year.” THE FACTS: That’..>> view originalTrump orders review of Obama rule protecting small streams
President Donald Trump signs the Waters of the United States (WOTUS) executive order, Tuesday, Feb. 28, 2017, in the Roosevelt Room in the White House in Washington, which directs the Environmental Protection Agency to withdraw the Waters of the United States (WOTUS) rule, which expands the number of waterways that are federally protected under the Clean Water Act. (Andrew Harnik/Associated Press) By Jill Colvin | AP By Jill Colvin | AP February 28 at 6:43 PM WASHINGTON — President Don..>> view originalPalo Alto Networks, Inc. Falls Short on Execution Issues
Palo Alto Networks (NYSE:PANW) reported mixed fiscal second-quarter 2017 results Tuesday after the market closed, falling short on revenue growth but exceeding expectations on the bottom line. With shares of the next-gen network security specialist down sharply in after-hours trading, it was clear the market wasn't pleased. Let's take a closer look, then, at how Palo Alto capped the first half of its fiscal year, and what investors should expect from the company going forward. Image sourc..>> view originalHundreds of workers at company behind Jared, Kay say culture fostered harassment
Hundreds of former employees of Sterling Jewelers, the multibillion-dollar conglomerate behind Jared the Galleria of Jewelry and Kay Jewelers, claim that its chief executive and other company leaders presided over a corporate culture that fostered rampant sexual harassment and discrimination, according to arbitration documents obtained by The Washington Post.Declarations from roughly 250 women and men who worked at Sterling, filed as part of a private class-action arbitration case, allege that ..>> view originalSubway chicken in Canada was part meat, part something else, according to DNA analysis
Up in the Great White North, a recent laboratory analysis unveiled a masquerade of meat. A researcher delved into the DNA of chicken sold at various fast food restaurants, at the request of the Canadian Broadcasting Corporation’s “Marketplace” program. Not all poultry, the CBC reported, was as it seemed. Four of the five fast food joints were mostly hawking the real bird. McDonald’s grilled country chicken, for instance, contained 90 percent chicken DNA. But the chicken tucked into the world’s ..>> view original
Wednesday, June 14, 2017
Fed trumps Trump as dollar, US Treasury yields soar and other top stories.
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