Passenger Removed From Flight In Handcuffs After Assaulting Crew Member

Trading 01 sept 2017 Commentaire »
A Denver-bound Southwest Airlines flight was temporarily delayed this week after a passenger allegedly assaulted a crew member. The airline told International Business Times that the incident, which occurred Wednesday at the Phoenix Sky Harbor International Airport, was diffused after local authorities “assumed control of the situation.”

Apple Event September 12: Apple Watch Series 3 Rumors, watchOS 4

Trading 01 sept 2017 Commentaire »
Apple’s press event will take place September 12 and it will likely reveal the much-anticipated iPhone 8 and could also introduce the Apple Watch Series 3. The event will take place at 10 a.m. PST in the Steve Jobs Theater at the new Apple Park campus in Cupertino, Calif., according to media invite shared by Apple Insider. As we wait for the event, here’s a review of rumors surrounding the wearable device.

Are Humans Smarter Than Apes? Scientists Say Studies Are Biased

Trading 01 sept 2017 Commentaire »
Humans have not fairly measured ape intelligence, so we don’t really understand how smart they are, a team of researchers has asserted.

Labor Day Travel 2017: What To Expect If You’re Flying

Trading 01 sept 2017 Commentaire »
Labor Day is a notoriously busy time to travel, and 2017 is expected to see record highs in the days ahead of and after the official holiday — particularly for travelers who plan to fly. Airlines for America announced this month that it expected 16.1 passengers worldwide would fly on United States carriers during the timeframe.

NOAA Interactive Harvey Map Shows Flooding And Damage Across Texas

Trading 01 sept 2017 Commentaire »
Even before Hurricane Harvey made landfall there were aerial images of the storm over the Gulf of Mexico threatening the United States with huge white clouds that promised to drop feet of rain.

Treasuries Turn Lower Following Disappointing Jobs Data

Trading 01 sept 2017 Commentaire »

After an early move to the upside, treasuries moved notably lower over the course of the trading session on Friday.

Bond prices pulled back into negative territory and remained in the red for the remainder of the day. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.6 basis points to 2.157 percent.

The downturn by treasuries came following the release of a report from the Labor Department showing weaker than expected job growth in the month of August.

The Labor Department said non-farm payroll employment climbed by 156,000 jobs in August compared to expectations for an increase of about 180,000 jobs.

The report also said the job growth in June and July was downwardly revised to 210,000 jobs and 189,000 jobs, respectively, reflecting a net downward revision of 41,000 jobs.

Reflecting the weaker than expected job growth, the unemployment rate inched up to 4.4 percent in August from 4.3 percent in July. Economists had expected the unemployment rate to remain unchanged.

Treasuries initially reacted positively to the disappointing report but turned lower as analysts said the data is not likely to impact the Federal Reserve's decision to raise interest rates.

A separate report from the Institute for Supply Management showed activity in the manufacturing sector expanded faster than estimated in the month of August.

The ISM said its purchasing managers index climbed to 58.8 in August from 56.3 in July, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to inch up to 56.5.

The bigger than expected increase lifted the purchasing managers index to its highest level since reaching 59.1 in April of 2011.

Following the long holiday weekend, next week's trading may be impacted by reports on service sector activity, international trade, and factory orders.

The Fed is also scheduled to release its Beige Book, a compilation of anecdotal evidence on economic conditions in the twelve Fed districts.


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Instagram Hack: Site Selling $10 Access To Celebrity Instagram Accounts

Trading 01 sept 2017 Commentaire »
Following an apparent hack of a number of celebrity Instagram accounts earlier this week, a website is now selling access to a searchable database of thousands of credentials, Ars Technica reported.

Minnesotans Want To Replace A Statue Of Columbus With Prince

Trading 01 sept 2017 Commentaire »
Over 2,000 people signed a petition to replace the Christopher Columbus statue at the State Capitol building in St. Paul, Minnesota with a statue of the seven time Grammy Award-winning singer Prince.

Crude Oil Down Five Weeks In A Row

Trading 01 sept 2017 Commentaire »

Crude oil futures were flat Friday, steady after recent losses as the U.S> rig count was unchanged this week.

Baker Hughes said there was no change in the number of active U.S. rigs, although the data was clouded by Hurricane Harvey.

Flooding in the wake of the storm has interrupted refinery operations along the Texas coast all week. With limited demand for crude oil buy the refineries, oil prices have dropped since the storm.

Oct. WTI oil edged up by 6 cents, or 0.1%, to settle at $47.29/bbl. It was the fifth straight weekly drop in crude oil prices.

On the other hand, gasoline jumped 13.4% this week.

The average price for a gallon of regular unleaded gasoline stood at $2.535, according to data from GasBuddy. That's the highest in almost two years.

The Labor Department said non-farm payroll employment climbed by 156,000 jobs in August compared to expectations for an increase of about 180,000 jobs.

The report also said the job growth in June and July was downwardly revised to 210,000 jobs and 189,000 jobs, respectively, reflecting a net downward revision of 41,000 jobs.

Reflecting the weaker than expected job growth, the unemployment rate inched up to 4.4 percent in August from 4.3 percent in July. Economists had expected the unemployment rate to remain unchanged.


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Dollar Little Changed Despite Weak Jobs Report

Trading 01 sept 2017 Commentaire »

The dollar is turning in a mixed performance against its major rivals Friday afternoon, but is little changed overall. The buck has pared its early losses, following the release of the disappointing August jobs report.

Job growth in the U.S. came in well below economist estimates in the month of August, according to a closely watched report released by the Labor Department on Friday.

The Labor Department said non-farm payroll employment climbed by 156,000 jobs in August compared to expectations for an increase of about 180,000 jobs.

The report also said the job growth in June and July was downwardly revised to 210,000 jobs and 189,000 jobs, respectively, reflecting a net downward revision of 41,000 jobs.

The unemployment rate subsequently inched up to 4.4 percent in August from 4.3 percent in July. Economists had expected the unemployment rate to remain unchanged.

Activity in the U.S. manufacturing sector expanded faster than estimated in the month of August, the Institute for Supply Management revealed in a report on Friday.

The ISM said its purchasing managers index climbed to 58.8 in August from 56.3 in July, with a reading above 50 indicating growth in the manufacturing sector. Economists had expected the index to inch up to 56.5.

Partly reflecting a steep drop in spending on public construction, the Commerce Department released a report on Friday showing an unexpected decrease in U.S. construction spending in the month of July. The report said construction spending fell by 0.6 percent to an annual rate of $1.212 trillion in July from the revised June estimate of $1.219 trillion. Economists had expected spending to rise by 0.5 percent.

Consumer sentiment in the U.S. improved by less than initially estimated in the month of August, according to a report released by the University of Michigan on Friday. The report said the consumer sentiment index for August was downwardly revised to 96.8 from the preliminary reading of 97.6. Economists had expected the index to be revised to 97.4.

The policy makers at the European Central Bank are unlikely to rush on a decision on next year's bond-purchase plan, which indicates the possibility of finalizing a decision until December.

Bloomberg reported that it is unlikely that the policy makers would settle the full details of the QE plan at the October 26 policy meeting and hence a final decision may be made only in December.

The final plan is expected to be delayed until December, when the current program is set to expire.

The dollar slipped to an early low of $1.1979 against the Euro Friday, but has since bounced back to around $1.1870.

The euro area manufacturing activity expanded at the fastest pace since 2011, as initially estimated, final survey data from IHS Markit showed Friday. The manufacturing Purchasing Managers' Index rose to 57.4 in August, in line with flash estimate, from 56.6 in July and equaling June's 74-month high.

The buck fell to a low of $1.2995 against the pound sterling Friday morning, but has since rebounded to around $1.2955.

The UK manufacturing sector expanded strongly in August driven by widespread growth across sectors, survey data from IHS Markit showed Friday.

The Markit/Chartered Institute of Procurement & Supply Purchasing Managers' Index rose unexpectedly to 56.9 in August from 55.3 in July. This was the second-highest level in over three years. The expected level was 55.0.

The greenback slid to an early low of Y109.529 against the Japanese Yen Friday, but has since risen to around Y110.230.

Capital spending in Japan advanced just 1.5 percent in the second quarter of 2017, the Ministry of Finance said on Friday. That missed forecasts for a gain of 7.9 percent following the 4.5 percent increase in the first quarter.

The manufacturing sector in Japan continued to expand in August, and at a faster rate, the latest survey from Nikkei revealed on Friday with a manufacturing PMI score of 52.2. That's up from 52.1, and it moves further above the boom-or-bust line of 50 that separates expansion from contraction.

Japan's consumer sentiment weakened more-than-expected in August, survey data from the Cabinet Office showed Friday. The consumer confidence index fell to 43.3 in August from 43.8 in July. The expected reading was 43.5.


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