• Fed should be cautious on further rate hikes, Kaplan says

    Money

    US stocks edged lower and prices of US Treasuries pared gains after the Fed's policy statement. This was seen in stark contrast with the May MPC meeting, during which only one member voted to hike. The deflationary impact of technology and ageing populations might also contribute to a low interest rate environment for some time to come, they said.
  • Amazon Is Buying Whole Foods For Close To $13.7 Billion

    Money

    Amazon's rose 2.4 per cent. Back in April, activist investor Jana Partners took an 8% stake in the company and pushed the board to look into strategic options including a sale. News that Amazon is buying health-focused grocery chain Whole Foods shook the business world Friday. Empire: The parent company of several grocery store chains offers online shopping with either delivery, in-store pickup or both at several IGA locations.
  • Stocks, dollar firm ahead of Fed decision

    Stocks, dollar firm ahead of Fed decision

    Money

    In the past, when the Fed raised rates, it tended to cause interest rates on mortgages to go up too. Where inflation remains closer to the Fed's 2.0% to 2.5% target range is on the year-over-year readings. Several Fed officials have said publicly they expect the runoff program to continue until the balance sheet declines to about $2 trillion to $2.5 trillion.
  • British Police Name Third Attacker From Saturday's Rampage In London

    Money

    A police officer who was stabbed in the eye trying to stop the London Bridge attackers with only his baton has said he was sorry he couldn't do more. "They were still fairly close to the van". It appears that British security services are themselves concerned that they could be losing track of potential threats - sources said that after the Manchester bombing, security agencies began re-evaluating the risk level of individuals categorized as former subjects of interest.
  • Cavaliers stun Warriors to win Game 4

    Cavaliers stun Warriors to win Game 4

    Money

    Cavaliers fans were chanting, " Cavs in seven" in the final minutes. Cleveland scored 49 in the first quarter and 86 during a dizzying opening 24 minutes that left players and fans gasping for air. But listen, at the end of the day we just got some resilient guys. Instead, we were treated to a shooting display for the ages. "We were in attack mode", James said.
  • Apple reinvents home music with HomePod

    Apple reinvents home music with HomePod

    Money

    Here's everything Apple unveiled at WWDC 2017 . "Music is deep in our DNA , dating back from iTunes and iPod". "We want to combine this all ", he said. For HomePod it's Siri , and for Amazon Echo it's Alexa. Of course, the speaker works well with Apple Music. The Siri-enabled speaker links up with the Apple Home app, allowing users to control their connected smart home devices by voice, without touching their iPhone or iPad .
  • Insurer Anthem opens another hole in ACA exchange blanket

    Insurer Anthem opens another hole in ACA exchange blanket

    Money

    Its exit from the OH exchanges is likely to leave consumers in 18 OH counties without the option of purchasing an Obamacare plan, The Wall Street Journal reports . In a tweet , Speaker of the House Paul D. Ryan (R-Wis.) said of the OH news that "the collapse of Obamacare continues". For example Colorado , where it is the only Obamacare insurer in 14 of the state's counties.
  • Apple launches Homepod, takes aim at Amazon's Echo

    Apple launches Homepod, takes aim at Amazon's Echo

    Money

    HomePod is a 7-inch speaker that has Apple's digital assistant built in. It can lead to better management of storage in the devices. With the Apple TV set up as your HomeKit hub, the TV actually has to be on and you have to speak into the included remote to control your home's smart accessories.
  • Apple HomePod: Smart Speaker With Hi-Fi Ambitions?

    Money

    This includes playing tracks from Spotify, Apple Music, asking a question regarding the lyrics or artist behind a particular song and so on. Some industry insiders, however, note Apple will be under more pressure to improve the computing smarts of its Siri software in the face of offerings from rivals Google and Amazon.
  • Apple HomePod vs. Amazon Echo: The similarities and differences, explained

    Money

    The company's smart-speaker, the HomePod , is going after the growing online home assistant buyers with the Siri-assisted device. Amazon's Echo smart speaker was the tech success story of 2016. And considering the fact that it is hitting the market around Christmas-time, the HomePod is aiming to replace the Echo and Home as the highest-selling speaker around the globe.