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Former N.Y. Fed employee to plead guilty over Goldman leaks
An ex-employee of the Federal Reserve Bank of New York suspected of leaking confidential information to a former colleague working at Goldman Sachs Group Inc is expected to plead guilty on Wednesday, according to a court official. Jason Gross, 37, is expected to appear in federal court in Manhattan for a scheduled plea hearing, according to the court official, days after Goldman Sachs reached a related $50 million settlement with
Yellen: December rate hike a 'live possibility'
Federal Reserve Chair Janet Yellen said Wednesday that December would be a “live possibility” for a rate hike if the upcoming data are supportive.
Target closing 13 stores nationwide citing falling profits
Target plans to close 13 stores nationwide, including one in New Ulm and two others in Milwaukee and Superior, Wisconsin. The Minneapolis-based retailer says a decision to close a store usually follows …
Oil market needs another month to decide if rebound is for real
Even with oil prices possibly past the low point, and production falling from outside of OPEC, there aren’t enough signs to say a full recovery is in the works, Kuwait’s oil minister said.
Apple Watch having ‘no impact’ on competitors
Apple is facing stiff competition in the smartwatch sector, as rival developers claim their sales are unaffected by the Apple Watch.
What Wal-Mart women want
New focus groups offer early hints about which way the key voting demographic is leaning ahead of the 2016 election.
U.S. private hiring solid; trade deficit at seven-month low
U.S. private employers maintained a steady pace of hiring in October and the trade deficit hit a seven-month low in September as exports rebounded, suggesting the economy was strong enough to support an interest rate hike from the Federal Reserve in December. The ADP National Employment Report showed on Wednesday that private payrolls increased 182,000 last month on top of the 190,000 jobs added in September. “The private sector continues
Survey: US businesses added 180K jobs in October
A private survey says American businesses added a solid but unspectacular 180,000 jobs in October. Payroll processor ADP reports also revised September job creation down to 190,000 from an originally reported …
U.S. September trade deficit smallest in seven months
The Commerce Department said on Wednesday the trade gap fell 15 percent to $40.8 billion, the smallest deficit since February. Lower crude oil prices also helped to curb the import bill. The drop in the trade deficit reversed the widening seen in August, though the prior month’s figure was revised slightly down to $48 billion from the previously reported $48.3 billion.
Can You Really Summon A Self-Parking Car With Your Smart Watch?
Can You Really Summon A Self-Parking Car With Your Smart Watch? Leave it to your car to fight for that prized parking space – The hours we spend over a lifetime searching for that elusive free parking space are a complete waste of time and energy, and those big brains at BMW are saying enough is enough. …
Why America Just Lost Its First Cyberwar
The most powerful supercomputers in the world – and what they do? We live in the computer age so it’s no surprise that a nation’s international importance is often measured on the number and the size of supercomputers it runs. After three wins in a row, it was no surprise that this supercomputer, was hailed once again as the world’s most powerful system…
Victims Of Identity Theft Face Months Of Hassle
Identity theft victims face months of hassle Yahoo Finance: By Brandon Bailey SAN FRANCISCO (AP) — As soon as Mark Kim found out his personal information was compromised in a data breach at Target last year, the 36-year-old tech worker signed up for the retailer's free credit monitoring offer so he would be notified if someone used his identity to commit fraud. Someone did. The first monitoring report showed crooks
Time To Buy Energy?
Oil to take down the S&P 500 — but there's still no better time to invest in energy Marketwatch: By Barbara Kollmeyer Invest in energy. Now. The heck you say. But as we plumb the depths of under-$60-a-barrel oil, that chorus is rising. Take Stephen Schwarzman, the chairman of Blackstone, who said yesterday there’s no better time to invest in energy than now. Simply, lots of people out there have
Foldable Screens Breakthrough: New Super-Flexible & Super-Strong Touchscreens
The technology may still be in its infancy, but flexible screens are gradually being seen in more and more products. Samsung and LG have led the way, so far, but a number of other firms including Japan’s Semiconductor Energy Laboratory are also developing super-strong, flexible screens…
Supporters Losing Faith – Bad News For Google Glass Fans
After two years of popping up at high-profile events sporting Google Glass, the gadget that transforms eyeglasses into spy-movie worthy technology, Google co-founder Sergey Brin sauntered bare-faced into a Silicon Valley red-carpet event on Sunday…
Government Shutdown Threat Ends As Spending Bill Passed
Senate passes spending bill, ends government shutdown threat Reuters: By David Lawder and Amanda Becker The U.S. Senate on Saturday passed a $1.1 trillion spending bill that lifts the threat of a government shutdown as Congress attempts to wrap up a two-year legislative session marked by bitter partisanship and few major accomplishments. The Senate's 56-40 vote sends the measure to President Barack Obama, who is expected to sign it into
The Reason Putin Is Buying So Much Gold
The Reason Putin Is Buying So Much Gold – Russian President Vladimir Putin is developing a taste for gold (CEC:Commodities Exchange Centre: @GC.1). With all of its income from selling oil (Intercontinental Exchange Europe: @LCO.1), Russia is…
Due To Record Indian Demand There’s Been A Significant Drawdown Of U.K. Silver Inventories
There was a huge development reported in the silver market last week and how did the precious metal community respond? They basically ignored it. Go figure. So, I will try again to get the word out by presenting it in a different fashion. Indian silver demand was so strong this year, that…
China Rate Reduction Stems Rout As Gold Wagers Gain
Hedge funds added bullish gold wagers at the fastest pace since June as central bank action from China to Japan and Europe helped stem the rout in prices. The net-long position in New York futures and options expanded 56 percent, U.S. government data show…
