Fed hints at rate hike as economy strengthens
In a Wednesday statement the Fed signaled a rate hike edged closer amid a brighter economy. It cited a stronger job market rising consumer spending and better growth after a weak start. Unemployment sits near 5 percent with balanced risks, suggesting moderating expansion ahead.
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Fed
Fed signals inflation rise but delays rate move ahead of elections
The Fed for the first time says inflation has ticked up toward 2 percent and may not stay near a long-run low. It keeps rates unchanged ahead of next Tuesday's vote, noting political timing and potential market shocks as reasons not to hike now. Chair Janet Yellen is set for a December briefing to map future moves. Analysts say December offers a clearer backdrop for policy steps, barring a Trump election surprise or external shocks.
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Fed
U.S
Donald Trump
Carl Tannenbaum
Northern Trust
Janet Yellen
Tannenbaum
Trump
Ian Shepherdson
Pantheon Macroeconomics
Gawker Reaches Bankruptcy Settlements in Hogan Defamation Case
Gawker and founder Nick Denton settle for multiple sums in Florida litigation over Hogan sex video excerpts. Thiel financed suits. settlements reduce assets available to unsecured creditors as bankruptcy progresses. Denton and Gawker seek to resolve matters before confirming the bankruptcy plan.
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Hogan
Nick Denton
Florida
Thiel
PayPal
Denton
Gawker
David Houston
Bollen
Univision Holdings Inc
Job Growth Forecast Signals Modest August Increase
The ADP payrolls report hints at slower labor gains with 178,000 expected net new jobs for last month, up from 156,000 in September, while unemployment may slip to 4.9 percent. Fed officials held rates steady and eyed a year-end move if the labor market and economy improve, aiming for about 150,000 monthly growth to sustain a December hike.
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ADP
Labor Department
Fed
Janet Yellen
Airlines optimistic on screening, weather key to travel surge
U S Customs CBP runs entry programs as airlines report growing enrollment in expedited screening. John Heimlich of Airlines for America cites optimism about smoother processes, while weather remains a wild card. Long airport lines this spring caused 70k+ missed flights in five months. TSA boosts staff and PreCheck push. Thanksgiving travel expected busiest midweek and after weekend. industry adds seats but demand outpaced by cheaper fuel. Top nine carriers post $18.3B pretax profit for first nine months, down slightly from prior year, with a 5.8% fall in average fares as capacity outstrips demand.
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U.S. Customs and Border Protection
John Heimlich
Airlines For America
American Airlines
TSA
the Air
Metals fall from seven-session rally on Trump risk
The Bloomberg Industrial Metals Subindex declined after seven straight gains amid safe haven concerns. Analysts cited trade tensions and the potential for a Trump presidency to unsettle markets. Zinc and aluminum led the declines on the London Metal Exchange as copper, nickel, lead and tin also fell.
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Bloomberg Industrial Metals Subindex
Naeem Aslam
Think Markets U.K. Ltd
London
China
Trump
Ing
Peter Navarro
University of California At Irvine
Economist
London Metal Exchange
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