• Portland traffic bad? Avoid Los Angeles
Portland traffic bad? Avoid Los Angeles

The report says 7 percent of driving time was spent in Minneapolis congestion in 2017 - and 41 peak hours spent in traffic jams. But Los Angeles had lower peak period tie-ups than San Francisco , Seattle, Boston and Portland, the study showed.

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  • Market extends slide amid global rout in equities
Market extends slide amid global rout in equities

Tata Steel was the only gainer on the BSE Sensex . Furthermore, Taiwan's Tail plunged an nearly complete 5 per cent, down to 10,404 points (at the time of publishing), which is the index's biggest slump in 6.5 years, according to Market Watch.

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  • SpaceX Launches World's Biggest Rocket
SpaceX Launches World's Biggest Rocket

During liftoff, the 27 Merlin 1D engines of the Falcon Heavy's three Falcon 9 core boosters generated 5,548,500 lb of thrust as they gulped down supercooled liquid oxygen and kerosene. Everything appears to have gone to plan for Elon Musk's Space X launch. The auto is bound for Mars orbit, but its upper-stage rocket first has to survive about...

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  • Powell sworn in as 16th chairman of Federal Reserve
Powell sworn in as 16th chairman of Federal Reserve

During the 2016 presidential campaign, Trump alleged that Yellen kept interest rates low for political reasons to benefit Obama. Powell also said that the "financial system is now far stronger and more resilient than it was before the financial crisis".

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  • Rates on short-term US Treasury bills up at weekly auction
Rates on short-term US Treasury bills up at weekly auction

Given the strength of the United States economy, the rise in yields to date has been quite modest and is likely to remain so. During its recent rally, the domestic stock market was overlooking the rising bond yields on some "misguided view" about earnings and macro-economic factors being less relevant for the equity market against ample globa...

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  • Profit of the oil company BP increased more than twice in 2017
Profit of the oil company BP increased more than twice in 2017

BP has spent $343 million on the share buyback that it launched in the fourth quarter, fully offsetting the dilution from scrip dividends issued in the third quarter. BP also took a one-off charge of $900m to adjust to new USA tax rules, although it expected a long-term boost from the lowered corporate tax rates.

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  • In Trump's first year, America's trade deficit actually got worse
In Trump's first year, America's trade deficit actually got worse

In 2017, "the goods deficit with China hit a record $375.2 billion" and the deficit with Mexico swelled to $71.1 billion, up from $55.6 in 2016 . The politically sensitive U.S. When adjusted for inflation, the trade deficit increased to $68.4 billion from $66.5 billion in November. Throughout his campaign and time in office, Trump has argued tha...

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  • Bitcoin Breaks Below $6000 as Cryptocurrency Exodus Accelerates
Bitcoin Breaks Below $6000 as Cryptocurrency Exodus Accelerates

Ripple is basically a system of the real-time gross settlements (RTGS), in other words, it's a currency exchange and money transfer system, which has lost 18 percent of its value on Monday. Ethereum was down nearly 30 percent at $589, losing all the gains it saw this year. China's Financial News reported on Sunday that authorities will incr...

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  • 'Macedonia is Greece!' Thousands march through Athens in country-naming dispute
'Macedonia is Greece!' Thousands march through Athens in country-naming dispute

As a huge Greek flag flew over central Syntagma Square , Greeks from all over the country and overseas chanted " Hands off Macedonia ", "Macedonia is Greek" and "We won't leave until we are vindicated". Macedonia is known officially as the Former Yugoslav Republic of Macedonia (Fyrom) in organisations such as the United Nations, and the dispute o...

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  • Tesco raises profit forecast and names Booker's Wilson its United Kingdom boss
Tesco raises profit forecast and names Booker's Wilson its United Kingdom boss

Booker Group chief Charles Wilson has been appointed chief executive officer of Tesco's retail and wholesale arm in the United Kingdom and Ireland. While Tesco has more than 3000 stores across the UK, Booker supplies 5000 - many of which are independent retailers and caterers - and operates the Premier, Londis and Budgens convenience grocery fas...

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  • Tesla, Australia to turn 50000 homes into power generators
Tesla, Australia to turn 50000 homes into power generators

The Tesla Powerwall can store power from solar panels , from the electricity grid at night when it is typically cheaper, and provide a secure backup in the case of a power outage. The government is also set to look for an energy retailer to deliver the programme to add more competition to the market. Those homes would be knitted together into what...

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  • New health plan upends model
New health plan upends model

While tele-health networks increasingly are being used to provide remote care, from psychiatry to dermatology, not all such services yet are reimbursed or covered by insurance. If and when the model is copied by other employers, look for even bigger cost cuts. With about 151 million non-elderly people, employer-sponsored coverage is the largest p...

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  • Dow plunges over 600 points, TSX down over 200
Dow plunges over 600 points, TSX down over 200

However, the percentage decline was only the worst drop since June 24, 2016, when the gauge fell 3.4%. Fears of rising inflation sent bond yields higher and contributed to the stock market swoon after the government reported that wages grew last month at the fastest pace in eight years.

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  • Winter weather advisory in effect for Super Bowl Sunday
Winter weather advisory in effect for Super Bowl Sunday

High temperatures in the 60s return by next Tuesday and rain impacts the state on Tuesday afternoon into Wednesday morning. As temperatures fall Sunday night, anything that is wet and untreated will likely freeze. There's a 30 percent chance of rain Saturday night into Sunday . Snow, sleet, freezing rain are expected with some minor ac...

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  • US Market Indexes Gain on Wednesday
US Market Indexes Gain on Wednesday

However, stronger-than-expected private sector job data for January and pending home sales data for December renewed investor optimism and helped indices close in green for the first time in the week. The stock added $6.20 to $193.09. Alphabet fell 5.3 percent after the Google parent's fourth-quarter profit came in below consensus on increased sp...

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  • Alleged Rape Victim Denies Watering Down Her Knowledge Of Rugby Players
Alleged Rape Victim Denies Watering Down Her Knowledge Of Rugby Players

The CCTV from Ollie's was played and included footage from the VIP section, where the woman was seen socialising close to several Northern Ireland football players. Two other men have also been charged in connection with the case. The footage showed the complainant and a friend of hers dancing in the nightclub among other patrons, including mem...

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  • United States notches strong jobs bump in January
United States notches strong jobs bump in January

In January, average hourly earnings for all employees on private nonfarm payrolls rose by 9 cents to $26.74, following an 11-cent gain in December. Average hourly earnings are up 2.9 percent from this time past year while wages and salaries in the private sector are up 2.8 percent, according to the Department of Labor.

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  • Bitcoin - What Goes Up Must Come Down
Bitcoin - What Goes Up Must Come Down

The slump in bitcoin's valuation has eroded its market-capital from $385 billion at the start of January to $160 billion by end of January. The price drop is attributed to Japanese cryptocurrency exchange Coincheck being raided as well as general atmosphere around increased regulations.

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  • Valero Energy Partners LP (NASDAQ:VLP) Expected To Report Earnings On Friday
Valero Energy Partners LP (NASDAQ:VLP) Expected To Report Earnings On Friday

About 158,495 shares traded. Valero Energy Corporation (NYSE: VLO ) has seen its stock price gain 2.78, or +3.02%, so far in 2017. It has underperformed by 12.64% the S&P500. D E Shaw & Communication reported 0.01% stake. Sweden-based Nordea Mgmt has invested 0.43% in Valero Energy Corporation (NYSE:VLO). The refining segment includes its refinin...

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  • Court Ruling on CFPB Director Deals Blow to Trump Administration
Court Ruling on CFPB Director Deals Blow to Trump Administration

The agency had been headed by Richard Cordray, who stepped down late past year and is now running as a Democrat for OH governor. "Congress's decision to provide the CFPB director a degree of insulation reflects its permissible judgment that civil regulation of consumer financial protection should be kept one step removed from political winds and ...

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