Business

Fed minutes signal officials ready to raise rates again soon

Fed minutes signal officials ready to raise rates again soon

A USA interest rate hike next month is a "distinct possibility", the head of the Federal Reserve Bank of Philadelphia, Patrick Harker, said on Tuesday, adding that another disappointing reading on monthly inflation could cause the US central bank to hold back.


ITC Q4 net profit up 12% to Rs 2669.47 crore

ITC Q4 net profit up 12% to Rs 2669.47 crore

During the quarter under review, total income increased by over 6 per cent to Rs 15,411 crore (Rs 14,510 crore). Revenue from the total FMCG business including cigarettes increased 5.19 per cent to Rs 11,840.70 crore from Rs 11,256.24 crore in the corresponding quarter a year ago.


US jobless claims rose slightly to 234000 last week

US jobless claims rose slightly to 234000 last week

Initial claims for state unemployment benefits increased 1,000 to a seasonally adjusted 234,000 for the week ended May 20, the Labour Department said. Still, the so-called continuing claims have now held below two million for six straight weeks. Weekly initial jobless claims now stand close to historical lows while the four-week moving average in initial claims set a new low for this recovery.



Dear, Harvard: 10 memorable quotes from Zuckerberg's speech

Apple co-founder Steve Jobs, who dropped out of Reed College in OR, gave Stanford's commencement speech in 2005, reminding students to "stay hungry, stay foolish". The speech will also be streamed on Harvard's website . "If I had to know everything about connecting people before I got started , I never would have built Facebook".


Ford Motor Company (F) Shares Bought by Canal Capital Management LLC

Ford Motor Company (F) Shares Bought by Canal Capital Management LLC

Park Circle holds 0.01% or 1,500 shares in its portfolio. The Ar Asset Management Inc holds 41,585 shares with $504,000 value, down from 79,585 last quarter. Piper Jaffray maintained the shares of F in report on Friday, March 24 with "Overweight" rating. The rating was downgraded by Bank of America to "Neutral" on Friday, April 29.


Trump exchanges intense handshake with France's Macron

Trump exchanges intense handshake with France's Macron

The American said: "It is my great honour to be with the newly elected president of France, who ran an incredible campaign and had a tremendous victory". "The occasion of the North Atlantic Treaty Organisation summit also allows us to have the first meeting, and I am very happy to be able to change many things together".