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COLAS increase Money month Social Security Top News 

Column: Big Social Security COLA will be offset by Medicare premiums

June 22, 2017 By Mark Miller CHICAGO (Reuters) – Retirees can look forward to the largest Social Security cost-of-living adjustment next year since 2012 – but don’t break out the champagne just yet. For many, higher Medicare premiums will take a big bite out of their raise. The 2018 Social Security cost-of-living adjustment (COLA) will not be announced until October, but inflation trends point toward an increase of about 2 percent, according to a recent forecast by the Senior Citizens League. That would be a welcome change compared with the…

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Andy Haldane Economy increase OANDA Reserve Bank Top News 

Dollar edges away from three-week high versus yen; kiwi firm after RBNZ

June 22, 2017 By Masayuki Kitano SINGAPORE (Reuters) – The dollar eased versus the yen on Thursday as a recent rally tied to bets on another U.S. interest rate hike this year lost steam, while the New Zealand dollar rose after its central bank stopped short of aggressively trying to talk down the currency. The New Zealand dollar was the big mover during Asian trade, rising 0.4 percent on the day to $0.7248 , edging back in the direction of a four-month peak of $0.7320 set last week. The kiwi…

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CRV increase Spark Capital Startup Cybereason Tech Top News 

Startup Cybereason raises $100 million from SoftBank

June 21, 2017 (Reuters) – Cybereason said on Wednesday it received $100 million in investment from its biggest investor SoftBank Corp, as the cybersecurity-focused startup looks to develop new technologies and increase distribution channels. SoftBank, a subsidiary of SoftBank Group Corp, is also one of Cybereason’s biggest customer and distribution partner. Following the latest financing, Cybereason has raised a total of $189 million in capital from CRV, Spark Capital, Lockheed Martin and SoftBank since its inception in 2012. The Boston, Massachusetts-based firm’s products are used by companies to protect their…

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Economy energy increase rates Top News UK 

Dollar advance stalls as oil slides, pound struggles near two-month low

June 21, 2017 By Shinichi Saoshiro TOKYO (Reuters) – The dollar pulled back from one-month highs against a basket of currencies on Wednesday as tumbling oil prices pushed down U.S. yields, while the pound wobbled after Bank of England Governor Mark Carney shot down hopes of an interest rate hike. The dollar index against a group of major currencies was 0.05 percent lower at 97.699 . It had hit a one-month high of 97.871 on Tuesday as expectations that the U.S. Federal Reserve, which hiked interest rates last week, would…

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Business increase launch month NAND 

As iPhone 8 looms, firms scramble to lock up memory chip supply

June 20, 2017 By Se Young Lee SEOUL (Reuters) – Global electronics makers are scrambling to stock up on memory chips to keep production lines running as Apple Inc’s new iPhone 8 launch later this year threatens to worsen a global squeeze on supply. While heavyweights such as Apple and Samsung Electronics Co Ltd – which is also the world’s top memory chip maker – will not be seriously hit, industry sources and analysts say some electronics makers are paying a premium to lock into longer-term contracts. Others are placing…

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economic growth Economy increase Japan show Top News 

Japan’s May exports rise at fastest in two years, set to sustain growth

June 19, 2017 By Stanley White TOKYO (Reuters) – Japan’s exports surged in May by the fastest in more than two years on bigger shipments of cars and steel, an encouraging sign that robust overseas demand will support economic growth. The 14.9 percent annual increase in exports in May was below the median estimate for a 16.1 percent annual increase but was nonetheless the biggest rise since January 2015. Exports are likely to continue rising at a steady clip as overseas economies show increasing signs of strength, which should help…

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Bengaluru Editing Business fact increase Siddharth Cavale 

Wal-Mart may beat Amazon’s sales growth in back-to-school season: NPD

June 15, 2017 By Gayathree Ganesan (Reuters) – Wal-Mart Stores Inc’s online sales is likely to grow double than Amazon.com Inc during the back-to-school season, helped by the Jet.com acquisition and competitive price offerings, industry research body NPD said. An aggressive pricing and marketing strategy, coupled with the fact that Amazon’s business has reached maturity in back-to-school sales, will see Wal-Mart winning the online retail tussle this back-to-school season, NPD Chief Analyst Marshal Cohen told Reuters. “With Wal-Mart’s new Jet.com investment, I would suspect that Wal-Mart is going to basically…

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accounts Business increase month WASHINGTON 

U.S. factory output declines for second time in past three months

June 15, 2017 WASHINGTON, June 15 (Reuters) – U.S. factory output fell unexpectedly in May on a broad decline in production, including the manufacturing of cars, casting a shadow over the economy’s rebound from sluggishness at the start of the year. The Federal Reserve said on Thursday manufacturing production dropped 0.4 percent last month, the second decline in three months. After downward revisions to data for prior months, factory output was lower in May than it was in February. Analysts had expected factory output to rise a modest 0.1 percent….

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Economy energy increase OPEC report Top News 

Oil prices fall on OPEC output increase, rising U.S. crude stocks

June 14, 2017 By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell by one percent early on Wednesday after data showed a build in U.S. crude stocks and OPEC reported a rise in its production despite its pledge to cut back. Brent crude futures were at $48.25 per barrel at 0039 GMT, down 47 cents, or 1 percent, from their last close. U.S. West Texas Intermediate (WTI) crude futures were at $45.94 per barrel, down 52 cents, or 1.1 percent. The price falls came on the back of an ongoing…

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Despite Monday increase month Tech Top News 

Coinbase exchange has outage due to high trading volume

June 12, 2017 By Gertrude Chavez-Dreyfuss NEW YORK (Reuters) – Digital currency exchange Coinbase said on Monday it was experiencing an outage due to an increase in traffic and trading volume. One of the world’s largest digital currency companies with operations in 32 countries, Coinbase engineers and support teams have been working to keep up with the volume, the exchange said in a statement to Reuters. The market capitalization of digital currencies has increased by around 95 percent to $106 billion over the past month as demand for crypto-assets has…

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