News 

Russian government: Telcoms face cost hike from new security law

“MOSCOW (Reuters) – Russian telecoms operators will have to ramp up charges by up to 10 percent to cover costs they will incur implementing new laws designed to give state security greater oversight over telecoms, according to an estimate from the main security agency” writes Midwest Communications Inc for 95kqds.com. In March this year, Nikolai Nikiforov, who at the time was communications minister, said he believed the new law would not lead to “a dramatic increase in prices.”. The estimate for increased charges demonstrates the far-reaching and often onerous consequences…

Read More
News Stocks 

Airlines feel the pinch of rising fuel prices, passengers will feel it next

“JBLU, -0.67% raised on Thursday its second-quarter fuel cost estimate to $2.28 to $2.30 a gallon, up from an estimate provided in April of $2.23, and above the first-quarter realized fuel price of $2.09 a gallon” writes Reporter Editor for marketwatch.com. American Airlines Group Inc.’s stock AAL, +1.03% climbed 1.1%, to bounce off a near two-year low at the close on Wednesday.For the second quarter, Delta said it paid an average $2.17 a gallon for fuel, above the estimate provided in April of $2.07 to $2.12, and well above the…

Read More
News 

UK economy warms up after the winter freeze

“The UK economy has started warming up after a winter freeze as activity in the services sector ticked up, compensating for a weaker performance in manufacturing” writes Chris Gubbey for telegraph.co.uk. In its first estimate of monthly GDP growth the Office for National Statistics revealed that the economy reached a virtual standstill in March, at 0pc growth, and then recovered in April and May, hitting 0.2pc and 0.3pc respectively.The services sector, which makes up more than three-quarters of GDP, grew by 0.4pc, the ONS said.This drove the three-month rolling estimate…

Read More
News 

US adds 213,000 jobs in June, better than expected, but wage growth is light

“The employment part of the economy continued to power forward in June, adding another 213,000 jobs though the unemployment rate rose to 4 percent, according to a government report Friday” writes Jeff Cox for cnbc.com. A more encompassing measure of unemployment that includes discouraged workers and those at part-time jobs for economic reasons also rose two-tenths, to 7.8 percent.Along with the rise in overall unemployment, the rate for blacks, which had been at a record low 5.9 percent, jumped to 6.5 percent.Professional and business services led the way with 50,000…

Read More
News Stocks 

Alibaba’s most bullish analyst reiterates outlook, while tweaking revenue estimates

“Alibaba Group Holding Ltd.’s BABA, +1.15% most bullish analyst reiterated his view, even though he had to trim near-term revenue expectations given the delay in the Ele.me consolidation” writes Reporter Editor for marketwatch.com. Meanwhile, Patil raised his digital media revenue estimate, citing Youku’s World Cup streaming rights, which “should be a tailwind for new subscriber additions” for the next several quarters. The stock has rallied 31.4% over the past 12 months through Thursday, while the S&P 500 SPX, +0.86% has gained 13.6%.We continue to view [Alibaba] as the China e-commerce…

Read More
News 

Eurozone manufacturing PMI falls in June

“Its Purchasing Managers Index for the eurozone manufacturing sector declined to a one-and-a-half-year low of 54.9 in June from 55.5 in May” writes Nina Adam for marketwatch.com. The outcome marks a slight revision from a preliminary estimate of 55.0.FRANKFURT–Manufacturing activity in the eurozone slowed in June, and by slightly more than previously reported, data firm IHS Markit said Monday, warning that there could be further production curbs ahead. Source: marketwatch.com Share This:

Read More
News 

Economic growth revised down to 2 percent for the first quarter

“In fact, growth was 2.8 percent, gauged by a measure of total gross domestic output that considers total income in additional to total spending” writes Lenny Ignelzi for washingtonexaminer.com. Nevertheless, forecasters expect growth to pick up in the second quarter.On Wednesday, Treasury Secretary Steven Mnuchin promised a “big” number for the second quarter, citing a forecast of 4.5 percent growth from the Federal Reserve Bank of Atlanta.Even better for the Trump administration was that business investment was revised up to a 10.4 percent rate, the strongest such mark since the…

Read More
News 

Online quotes generally get payment right

“But of the 6,463, or 44 percent of the total, who did get a monthly payment estimate online, 61 percent agreed with the statement, “Yes, and my payment was essentially what I was quoted online.”” writes James B for autonews.com. Among Acura respondents, 26 percent said their eventual payment was less than the monthly payment they had been quoted online.When car shoppers are quoted a monthly payment online nowadays, most of the time, that is what they’re actually going to pay.Among respondents who said they were quoted a monthly payment…

Read More
News 

Health costs in retirement: 5 key things you should know

“Health costs in retirement can be difficult to plan for” writes Usa Today Network for suntimes.com. Here are a few things to note about health expenses in retirement: 1.That’s a big number, yet it doesn’t include all the potential health expenses retirees might face.Retirement and health care are intricately linked, though Americans often don’t think of them in the same context.Robert Moffit, a senior health fellow at the conservative Heritage Foundation, sees little likelihood that Congress will reform Medicare this year. Source: suntimes.com Share This:

Read More
News 

How do you count deaths from a hurricane?

“The National Hurricane Center, when it gives hurricane tallies, only reports direct deaths” writes Mike Stobbe for seattletimes.com. Some basics about counting disaster deaths and why it’s an issue now: Disaster deaths tend to be placed in two categories, “direct” and “indirect.” For a hurricane, direct deaths include people who drown in a storm surge or flooding, are hit by flying debris or crushed in a wind-toppled building.They believe that these “excess deaths” reflect direct and indirect hurricane-related deaths.No government agency has a good handle on counting disaster deaths, said…

Read More