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Latest 24 Hour Economy News
Source: Fox News

Andy Puzder: If Democrats decide to pivot from Trump and run on an economic message, they’re doomed

Today 20:04 GMT

Democratic Party leaders are encouraging their candidates to focus on an economic message rather their opposition to President Trump as they campaign for the November midterm elections.

The Democrats’ messaging concerns grew out of a February poll financed by Priorities USA, the Democrats’ largest super PAC (political action committee). Based on this poll, Priorities advised that Democrats “must reassert control over the economic narrative” by focusing “on economic issues like taxes and health care and not allow themselves to be sidetracked and distracted by Trump’s latest tweets.”

Source: Common Domain

Trump Signs Banking Bill, Adding to Regulators’ To-Do List

Today 20:03 GMT

The banking bill “is the most significant, tangible product of the Trump administration’s deregulation,” said Isaac Boltansky, an analyst with Compass Point Research & Trading LLC. “But it is also important to note that it considerably increases the workload for a regulatory regime that is already overburdened.”

The bill, which eases rules on smaller lenders, includes provisions that agencies are now tasked with translating into regulation

Source: Common Domain

U.S. Government Bonds Surge on Weak Data, Shifting Sentiment

Today 20:04 GMT

U.S. government bond prices surged Friday, at the close of a week in which investors became increasingly focused on risks proliferating throughout the economy.

The gap between U.S. government bond yields and those in Italy, Spain, Portugal and Greece has widened as investors become increasingly concerned about growing risks in the European economy. Slowing growth and the rise of antiestablishment political parties in countries including Italy has raised questions about how soon growth can get back on track.

Source: Common Domain

Oil Tumbles as Major Producers Discuss Lifting Output

Today 20:04 GMT

Oil prices tumbled Friday as major oil producers including Saudi Arabia and Russia signaled a willingness to pump more crude into the market.

Saudi Arabian oil minister Khalid al-Falih on Friday said he would enter into discussions in June with other members of the Organization of the Petroleum Exporting Countries and external producers such as Russia to relax the output caps, Bloomberg reported.

Source: Reuters

Tax-dodge strategists probe loopholes in new U.S. law, IRS wary

Today 20:04 GMT

Tax experts for global corporations are hot on the trail of loopholes in the sweeping tax law approved in December by President Donald Trump and Republicans in the U.S. Congress.

Barely five months since it took effect, the law is already yielding potential tax-dodge gimmicks, from revising cross-border payments to substituting bank loans for internal debt. These fast-emerging strategies are designed mainly to blunt the impact of three new corporate taxes imposed by the law, said lawyers and consultants who help large, international companies minimize their taxes while staying within the letter of the law.

Source: Common Domain

Gold churns but holds closely watched $1,300 line

Today 20:04 GMT

Among exchange-traded funds, the SPDR Gold Shares GLD, +0.86%  rose 0.1%, with the iShares Silver Trust SLV, +1.23%  down slightly, while the VanEck Vectors Gold Miners ETF GDX, +1.39%  eased 0.4%.

“A weekly close above $1,307, which is the 200-day moving average, is likely to trigger a rethink among funds holding the lowest net-long position in 10 months,” said Ole Hansen, commodities analyst at Saxo Bank.

Source: NBC News

Rachel Dolezal, white woman who posed as black, faces fraud case

Today 20:03 GMT

Rachel Dolezal, who legally changed her name to Nkechi Diallo in 2016, was charged this week with theft by welfare fraud, perjury and false verification for public assistance, Spokane news station KHQ-TV reported Thursday.

She has said previously that she grew up near Troy, Montana, with religious parents and that she began to change her perspective as a teenager, after her parents adopted four black children.

Source: Common Domain

With Curbs on Interest Deduction, Companies Strategize on Debt

Today 20:04 GMT

In part, capping the interest deduction was intended to prod companies toward issuing more stock to finance operations, instead of relying on debt that requires interest payments.

As a result, law firm Cleary Gottlieb Steen & Hamilton LLP said in a January memo it expects “new patterns” to emerge over how and where U.S. companies issue debt, and the firm thinks companies will engage in more “liability management” transactions to restructure debt.

Source: BBC

Wedding savings stolen while on hold to TSB

Today 20:04 GMT

A TSB customer has described how he watched thousands of pounds in wedding savings being stolen from his internet account as he waited on hold for the bank's fraud department.

He says he was logged into internet banking, and waiting for someone at TSB to answer his telephone call, when he noticed that money had begun to be stolen. "There was initially £5,000 taken out of that account followed by another amount of £4,000, he told BBC Radio 4's You & Yours programme.

Source: Common Domain

The Book on Sports Betting: the House Holds the Cards

Today 20:04 GMT

Now that the Supreme Court has paved the way to legalize sports betting across the U.S., novices may get the itch to go for broke.

Nevada’s existing gambling laws were grandfathered in, but with last week’s high court decision, any state may now opt to permit sports betting. It’s too soon to tell what will happen, but one thing is certain: If there’s money at stake, the house will come out ahead.

Source: Common Domain

Retail investors trim stock exposure amid market volatility, while hedge funds remain highly leveraged

Today 20:04 GMT

While there are categories of market participants that remain overweighted toward the U.S. stock market, notably hedge funds, the general trend has been a modest paring down of exposure, though in some cases it remains above average levels.

U.S. stocks are not far from record levels, but the resurgence of volatility in 2018 — along with indexes that have been stubbornly range-bound for months — has pushed investors to cut their holdings of assets seen as riskier.

Source: CBS News

David Hogg, who survived Parkland shooting, to stage "die-in" at Publix

Today 20:04 GMT

Survivors of this year's mass shooting at a Parkland, Florida, high school are staging a "die-in" at some Publix stores in the state to protest the supermarket chain's financial support for a pro-gun rights candidate for governor.

The lead organizer of the demonstration, which is set to take place Friday afternoon, is Florida teen David Hogg, a former student at Marjory Stoneman Douglas High School, where 17 people were shot to death and 17 others were injured in a Feb. 14 rampage by a former student.

Source: Common Domain

Where do Luxury Markets Stand in the U.S., U.K., U.A.E. and Australia?

Today 20:04 GMT

Prices are up and key markets have shown healthy growth despite a period of intense uncertainty that occurred around the U.S. presidential election and inauguration of Donald Trump in 2016-17, and similarly momentous elections in the U.K. and France, as well as the Brexit vote; a massive dip in commodities and oil pricing; outbound capital flow restrictions placed on Chinese buyers; and significantly increased stamp duty land taxes enacted in London, Vancouver and Sydney.

Source: Common Domain

PayPal: Getting Big, Going Global

Today 20:04 GMT

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Stifel analysts, for example, updated PayPal Holdings’ (PYPL) shares to “buy,” setting a $99 price target, some 22% above current levels, on the stock, in essence getting on board with management’s characterization of the company as a leader in the quest to kill the “dead cow” wallet. “PayPal is well-positioned to benefit from e-commerce growth and the digitization of payments and is broadening its leadership position through its global scale and controlling the end-to-end experience,” they wrote.

Source: Common Domain

U.K. stocks rebound from 2-day losing run with GDP data in focus

Today 20:03 GMT

U.K. stocks advanced on Friday, set to break a two-day losing streak, as the pound selloff resumed on signs Brexit discussions between Brussels and London are close to a painful breakdown.

A weaker pound tends to boost the FTSE 100, as the index’s components conduct the bulk of their business overseas and a softening in sterling lifts revenue when converted back into the U.K. currency. Sterling was hit by concerns over the Brexit negotiations after European Union officials said the British government was “chasing a fantasy” in the talks, according to the Guardian newspaper.

Source: The Guradian

Saudi Arabia: women's rights activists arrested before lifting of driving ban

Saturday 19:06 GMT
Source: Washington Post

Preakness Stakes 2018: Everything you need to know

Saturday 19:06 GMT
Source: Common Domain

Greece Steps Closer to Completing Bailout Review

Sunday 17:16 GMT
Source: The Guradian

Simon Yates increases Giro d’Italia lead with stunning stage 15 victory

Sunday 17:16 GMT
Source: New York Times

Behind New York’s Housing Crisis: Weakened Laws and Fragmented Regulation

Sunday 17:16 GMT
Source: Common Domain

Justify Wins Muddy, Foggy Preakness Stakes

Sunday 20:02 GMT
Source: New York Times

A Trinity of Opinions on the Met’s ‘Heavenly Bodies’

Sunday 22:46 GMT
Source: Global News

Meghan Markle’s wedding dress may have been a ripoff

Today 20:04 GMT
Source: Common Domain

S&P Global Moves to Start Ratings Business in China

Today 01:33 GMT
Source: NBC News

J Balvin drops new album 'Vibras,' redefines how Latin artists crossover to the U.S. music scene

Today 20:04 GMT
Source: Reuters

China scolds U.S. for withdrawing invite to naval drills

Today 09:59 GMT
Source: Common Domain

| Al Jazeera Media Network

Today 05:13 GMT
Source: NBC News

Trump lawyer Cohen met Russian oligarch at Trump Tower, source says

Today 20:05 GMT
Source: New York Times

Oil Prices Reverse Their Rise, and Drivers May See Relief

Today 20:05 GMT

“Four hostile newspapers are more to be feared than a thousand bayonets...” ― Napoléon Bonaparte