Global Pressure Mounts on Israel to End Gaza Fighting

Posted by Forexsq 19 hours ago (
img International pressure mounted on Israel to end its three-week offensive in the Hamas-controlled Gaza Strip, with President Barack Obama and the United Nations Security Council demanding an immediate truce.

Israel reduced the scope of its military offensive today, saying it wouldn’t initiate strikes, though it responded to rocket and mortar fire that persisted after a Hamas truce offer yesterd

Durable-goods orders rise solid 0.7% in June

Posted by Forexsq 3 days ago (
img Orders for durable goods such as computers, aircraft and heavy machinery rose a solid 0.7% in June , offering a sign of a general upswing in business spending.

The increase in bookings reported by the Commerce Department on Friday for big-ticket items last month was the fourth increase in the last five months, with gains in most major categories.

Clinton Earns $12 Million Speaking, Writing After Service

Posted by Forexsq 6 days ago (
img Hillary Clinton has earned at least $12 million in 16 months since leaving the State Department, a windfall at odds with her party’s call to shrink the gap between the rich and the poor.

Clinton’s income since her resignation as secretary of state in February 2013 is derived mostly from her latest memoir, speeches and paid appearances at corporate retreats, according to an analysis of data com

Yellen Wage Gauges Blurred by Boomer-Millennial Shift

Posted by Forexsq 7 days ago (
img Federal Reserve Chair Janet Yellen’s focus on wages to help gauge the strength of the job market could need fine tuning as baby boomers approach the twilight of their careers and millennials jump in to fill the void.

As today’s middle-aged Americans grow older, they are leaving their prime working years behind, trading big salaries for part-time gigs or retirement, just as an even larger group

Energy Future Says It May Have to Scrap Bankruptcy Deal

Posted by Forexsq 10 days ago (
img Energy Future Holdings Corp., the Texas power company taken private in a record buyout seven years ago, may scrap a reorganization plan negotiated before it filed for bankruptcy unless it can reach new terms with creditors.

The deal may have to be amended or thrown out, Edward Sassower, a lawyer for the company, said today at a hearing in Wilmington, Delaware, citing rising debt costs and new

Microsoft Eliminating 18,000 Jobs as Nadella Streamlines

Posted by Forexsq 11 days ago (
img Microsoft Corp. (MSFT) said it will eliminate as many as 18,000 jobs, the largest round of cuts in its history, as Chief Executive Officer Satya Nadella integrates Nokia Oyj’s handset unit and slims down the software maker.

The restructuring, amounting to about 14 percent of its workforce, includes 12,500 Nokia factory and professional positions -- half the number of employees added in the acq

U.S. Stocks Rise as Yellen Says Stimulus Must Continue

Posted by Forexsq 13 days ago (
img U.S. stocks were little changed, after erasing an early gain, as bank shares rose on earnings while investors weighed comments from Federal Reserve Chair Janet Yellen.

JPMorgan Chase & Co. (JPM) and Goldman Sachs Group Inc. increased more than 0.8 percent after the banks reported better-than-estimated earnings. Lorillard Inc. dropped 7.6 percent after Reynolds American Inc. reached agreement t

U.S. Stocks Rise Amid Deals Activity as Citigroup Rallies

Posted by Forexsq 14 days ago (
img U.S. stocks advanced, after the Standard & Poor’s 500 Index posted its biggest weekly loss in three months, on an increase in takeover activity and better-than-forecast earnings from Citigroup Inc.

Citigroup climbed 3.5 percent after also agreeing to pay $7 billion to settle a mortgage-bond probe. URS Corp. jumped 7.8 percent after Aecom Technology Corp. agreed to acquire the construction-mana

U.S. Stocks Drop as Portugal Debt Stress Fuels Concern

Posted by Forexsq 18 days ago (
img U.S. stocks fell, with the Standard & Poor’s 500 Index sinking the most in eight weeks, as equities resumed a selloff that began earlier this week after signs of financial stress in Portugal fueled demand for haven assets.

Pandora Media Inc. and Facebook Inc., which trade at more than 85 times reported earnings, tumbled at least 2.5 percent amid concern valuations in Internet and small-cap sto

Ukraine Moves to Destroy Rebel Bases in East, Ruling Out Cease-Fire

Posted by Forexsq 21 days ago (
img Ukraine’s government accused pro-Russian rebels of destroying bridges, as it expressed its determination to wipe out insurgent bases and ruled out a unilateral cease-fire in the battle-torn east.

“Government troops are blocking roads to Donetsk and Luhansk to prevent rebels’ reinforcement and weapons delivery,” a Defense Ministry spokesman, Andriy Lysenko, told reporters in Kiev today. “Rebels

Commodities Obsolete in Models Yielding to Fed, ECB

Posted by Forexsq 24 days ago (
img Commodities are getting a demotion from foreign-exchange strategists.

Banks from JPMorgan Chase & Co. to Citigroup Inc. are reducing the weighting given to exports in their currency forecasting models as policy makers tighten their grip on financial markets. Traditional commodity currencies, such as those of Canada, Australia, New Zealand and Norway, have become decoupled from exports by the m

40% of unemployed workers are millennials

Posted by Forexsq 25 days ago (
img The jobs market is improving, according to government data released Thursday, but millennials are still left out in the cold. They’re suffering more than any other age group, new research finds.

Some 40% of unemployed workers are millennials, according to an analysis of U.S. Census data by the Georgetown University Center on Education and the Workforce released to MarketWatch, greater than Gen

Rand Paul Slams ‘Fat Cats’ With Hedge Fund in Top Donors

Posted by Forexsq 27 days ago (
img The U.S. Supreme Court rejected an appeal by Google Inc. (GOOG), leaving the company to face lawsuits accusing it of violating a federal wiretapping law by secretly collecting personal data while developing its Street View maps.

The justices today left intact a federal appeals court ruling that the U.S. Wiretap Act protects the privacy of information on unencrypted in-home Wi-Fi networks.

Facebook treats you like a lab rat

Posted by Forexsq 28 days ago (
img You can be angry and upset with Facebook after it manipulated its users' emotions as part of a study. But you shouldn't be surprised.

After all, experiments on users are commonplace on the Web. We are lab rats in Internet mazes.

The most common kind of Web experiment conducted on users is called an "A/B" test. That's when an online company provides a different Web experience for a small sub

Top Cleric Tells Iraq Leaders to Pick Premier by Next Week

Posted by Forexsq 31 days ago (
img Iraq’s top Shiite religious leader escalated pressure on politicians to agree on a new government that can prevent a fracturing of the country, as the military pressed its assault on militants who have seized major cities.

Grand Ayatollah Ali al-Sistani, in remarks relayed to worshipers at Friday prayers in the holy city of Karbala, said that picking a prime minister, president and speaker whe

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