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| Solid US job growth is expected in December U.S. employers likely maintained a brisk pace of hiring in December while increasing wages for workers amid growing confidence in the economy, which could pave the way for the Federal Reserve to increase interest rates in March. Nonfarm payrolls probably increased by 190,000 jobs last month, ...
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| App revenue climbed 35 percent to $60 billion in 2017 Global app revenue climbed 35 percent in 2017 to reach nearly $60 billion, according to a new report today from app intelligence firm Sensor Tower, which measured paid apps, subscriptions, and in-app purchases across both Apple's App Store and Google Play. However, Apple is the one pulling in the ...
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| Fed's Harker pushes for only two rate hikes in 2018 Philadelphia Fed President Patrick Harker said the central bank should approve just two interest rate hikes in 2018, compared with the three currently forecast by the Fed. Like other central bank officials, Harker is concerned that inflation will continue to run below target. In addition to reconsidering the ...
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| Morgan Stanley to take $1.25 billion hit in the fourth-quarter from the tax bill Morgan Stanley said on Friday it would take a $1.25 billion hit in its fourth-quarter earnings due to a cut in the corporate tax rate as part of the U.S. tax code overhaul. The net blow of the bill to the bank will include about a $1.4 billion net discrete tax provision, mainly due to the remeasurement of certain ...
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| Russia accuses US of misusing UN to meddle in Iranian affairs American efforts to win UN security council backing for a tough line against the Iranian leadership in the wake of this week's protests came unstuck after Russia accused Washington of seeking to undermine Iranian sovereignty by convening an emergency UN session on Friday. The Russians demanded ...
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