The Federal Reserve’s forthcoming monetary policy meeting will be in focus this week, and may set the stage for a long-awaited announcement of asset-purchase tapering. Meanwhile, traders will also await more data on the U.S. economic recovery with the Labor Department’s monthly jobs report later this week.  The Federal Open Market Committee’s (FOMC) November meeting will take place from Tuesday to Wednesday, with the policy statement and press conference from the meeting serving as the… Source link

Amazon (AMZN) missed earnings estimates in the third quarter and is expecting more pain in the near term, which one analyst says are a sign that the company is spending now to set itself up for more upside later on. “The most important investment that they’re making is in wages,” Anthony Chukumba, an analyst at Loop Capital, told Yahoo Finance Live (video above). Even after increasing workers’ starting compensation from $15 an hour to over $18 an hour, adding benefits, and creating $3,000… Source link

With shipping delays mounting and cargo piling up at Los Angeles County ports, local officials are tightening the rules on , part of an effort to ease congestion of freighter ships anchored along Southern California’s coast. Beginning Nov. 1, carriers will be charged $100 per container, with the fee increasing $100 per container per day — but the fee will not be assessed until Nov. 15. Collected fees will be reinvested by the ports in programs to increase efficiency and address congestion,… Source link

There’s a new Internet provider in town, and they’re on a mission to take on the Goliaths that so many of us are frustrated with, while ultimately delivering affordable, accessible Internet to billions of people. Including the underserved communities that are the hardest to reach. After routers, installations, hidden fees, upcharges, the average household in the US pays about $80/month.  Rather than using traditional fiber-optic cables that make super-fast Wifi unaffordable for low… Source link

A “Google tax” introduced by the coalition government to crack down on multinationals shifting profits overseas has been criticised as a “total failure”, as new documents show it is predicted to raise no money over the next six years. The diverted profits tax, introduced in 2015, was hailed as a pioneering effort to tackle multinationals who were reducing their UK corporation tax by shifting profits overseas. It was predicted by officials that the tax would raise up to £400m a year,… Source link

(Bloomberg) — China’s indebted developers are struggling to meet Beijing’s tighter financing rules. Most Read from Bloomberg Two-thirds of the top 30 Chinese property firms by sales ranked by the China Real Estate Info Corp. have breached at least one of the metrics known as the “three red lines,” Bloomberg-compiled data showed as of Oct. 29. Developers are facing rising financial stress as stricter rules around borrowing and a deleveraging campaign by authorities weigh on the sector…. Source link

In this article we will take a look at the some notable stocks that trended this week. You can skip our detailed analysis of these stocks and go to read Why These 5 Stocks Were in the Spotlight This Week. Some stocks that trended this week include Visa Inc. (NYSE:V), Mastercard Incorporated (NYSE:MA), Apple Inc. (NASDAQ:AAPL), Microsoft Corporation (NASDAQ:MSFT), NVIDIA Corporation (NASDAQ:NVDA), Arista Networks, Inc. (NYSE:ANET), and Twitter, Inc. (NYSE:TWTR). Let’s analyze why each stock… Source link

The secret to being more creative is to … be bored? Embracing boredom is exactly what Questlove, lead drummer for the critically acclaimed hip-hop band The Roots, recommends for those struggling to activate their creativity. “The first thing I tell people is to embrace boredom,” said Questlove, whose real name is Ahmir Khalib Thompson. “The temptation to pick up our phones and entertain ourselves at any silent moment is kind of eating up that time that we should be sitting in silence… Source link

The ability to quickly find the answer to just about any question changes how people perceive their own intelligence, research finds. People lose sight of where their memory ends and where the internet begins, the findings indicate. “When we’re constantly connected to knowledge, the boundaries between internal and external knowledge begin to blur and fade,” says Adrian Ward, assistant professor of marketing in the University of Texas at Austin’s McCombs School of Business. “We… Source link

Non-fungible tokens (NFTs) have exploded in popularity over the last year, with third-quarter sales coming in at a whopping $10.7 billion (up from $1.2 billion in Q2.)  A multitude of industries — from fashion to music — have taken full advantage of the surge as the unique tokens, which create a money stream for artistic items, continue to expand well beyond digital art and collectibles.  Musician, author and director Ahmir “Questlove” Thompson weighed in on the new trend during an… Source link