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Wednesday September 17th 2014: Latest financial news from the worldFed renews zero rate pledge, but hints at steeper rate hike path
By Michael Flaherty and Howard Schneider WASHINGTON (Reuters) - The Federal Reserve on Wednesday renewed its pledge to keep interest rates near zero for a "considerable time," but also indicated it could raise borrowing costs faster than expected when it starts moving. Many economists and traders had expected the U.S. central bank to alter the rate guidance it has provided since March, given generally improving data on the economy's performance. But the Fed repeated its assurance that rates would stay ultra-low for a "considerable time" after a bond-buying stimulus program ends. ...
Dollar surges to six-year peak on yen, Tokyo stocks cheer
By Wayne Cole SYDNEY (Reuters) - Japanese shares jumped on Thursday after the dollar vaulted to a six-year peak on the yen as the Federal Reserve's outlook for rising rates underlined the diverging path between the United states and the rest of the rich world. The euro skidded to a 14-month trough while gold hit an eight-month low as the dollar swept higher across the board, a move that many investors have been itching to wager on all year. ...
Amazon expands Kindle lineup, boosts price of basic e-reader
By Jennifer Saba and Deepa Seetharaman NEW YORK (Reuters) - Amazon.com Inc ramped up its push into hardware on Wednesday with the debut of six new or upgraded devices, including a high-end $199 e-reader called the Kindle Voyage and its cheapest-ever touch-screen tablet. The No. 1 U.S. online retailer also revamped its basic Kindle e-reader to include a touch screen. It will cost $79, about 15 percent more than the current basic model. ...
Japan exports knocked by weak U.S. shipments, hurt economic recovery
By Stanley White TOKYO (Reuters) - Japan's exports declined in August as shipments to the United States contracted, another sign the economy is struggling to rev up after a deep slump in April-June. A further period of lackluster exports and slack domestic demand could force the government and the Bank of Japan to find new ways to prop up the economy. Exports fell 1.3 percent in August from a year ago, less than the median estimate for a 2.6 percent annual decline. That followed a 3.9 percent annual gain in the previous month after having fallen in June and May. ...
Federal Reserve signals faster but still slow path for rate rises
By Howard Schneider WASHINGTON (Reuters) - Federal Reserve officials nudged their expected path of interest rate increases higher on Wednesday, but did little to change the outlook for a long slow climb back up to normal monetary policy. The revised rate projections left a deep disconnect between the U.S. central bank and financial markets, with investors anticipating significantly lower rates in the future than the Fed officials themselves project. The so-called "dots" matrix from the Fed rate setters showed their median view of the appropriate federal funds rate by end-2015 at 1. ...
U.S. inflation surprisingly weak, Fed keeps low rates pledge
By Lucia Mutikani WASHINGTON (Reuters) - U.S. consumer prices fell for the first time in nearly 1-1/2 years in August and underlying inflation pressures were muted, which could lessen the urgency for the Federal Reserve to raise interest rates. The Labor Department said on Wednesday its Consumer Price Index dropped 0.2 percent last month as a broad decline in energy prices offset increases in food and shelter costs. It was the first decrease since April last year and followed a modest 0.1 percent gain in July. Economists had expected consumer prices would be flat in August. ...
ECB to dish out first round new ultra-long loans to boost lending
By Eva Taylor FRANKFURT (Reuters) - The European Central Bank will hand out the first round of its new four-year loans on Thursday, the flagship tool in a new stimulus package it hopes will stave off deflation and revive the ailing euro zone economy. The new targeted funds, or TLTROs, will be tied to lending to the mostly smaller firms that are the 18-country euro zone's economic backbone. Markets will be watching an announcement on the total amount of the loans allotted, due at around 4.15 a.m. ...
IMF warns of risks from 'excessive' financial market bets
WASHINGTON (Reuters) - The global economy faces a growing risk from big financial market bets that could quickly unravel if investors get spooked by geopolitical tensions or a shift in U.S. interest rate policy, the International Monetary Fund said on Wednesday. The IMF, an institution based in Washington that is the world's premier watchdog for financial and economic stability, said in a report it still expects economic growth will pick up in the second half of 2014 after a rough start to the year. ...
Apple to unveil new iPads, operating system on Oct. 21 : report
(Reuters) - Apple Inc is set to launch two new iPads and release the next version of its Mac operating system at its next event on Oct. 21, a Daily Dot report said, citing sources familiar with the matter. The company plans to unveil the sixth generation of its iPad and the third edition of the iPad mini, as well as its operating system OS X Yosemite, which has undergone a complete visual overhaul, the Internet news website said. Trudy Muller, a spokeswoman for Apple, declined to comment. The iPad is expected to have a 9.7 inch screen, while the new version of the iPad mini will have a 7. ...
Exclusive: Jimmy Choo to pledge industry-beating growth in expected IPO
By Astrid Wendlandt PARIS (Reuters) - Luxury shoe brand Jimmy Choo will seek to woo investors with a share market flotation prospectus promising industry-beating annual sales growth of more than 10 percent on the back of aggressive expansion plans in Asia and elsewhere, a source close to the deal told Reuters. The upmarket shoe maker, known for its stilettos worn by Hollywood and Asian stars alike, will decide in the coming days whether it goes ahead with the initial public offering (IPO), depending on market conditions. ...
Tim Cook explains Apple's privacy policies in open letter
Top 10 Ways to Generate Stand-Out Publicity
I am often asked about ways to market a product without spending a fortune. We all believe our product or service is "newsworthy," right? The key is to fine-tune your pitch -- just as you would to attract a new client and seek out the WIIFT -- What's In It For THEM. Figure that out before you make your pitch, consider what other "experts"...
Amazon releases family-friendly, low-budget tablets
Uber, Lyft reportedly sinking San Francisco taxi business
Tomorrow Daily 053: Incredible multiscreen interaction from MIT's THAW project, and more
On today's show, we jump on the hype train for THAW, MIT's seamless multiscreen project, watch a 3D-printing robot get omnidirectional wheels, check out a drone that can be printed for just $800, and discuss what we know about Windows 9.>
Samsung 27-inch S27D590C Curved Monitor Redefines the Viewing Experience
Summary: • Samsung Electronics introduced the 27-inch S27D590C Full HD Curved Monitor designed to enhance visually compelling entertainment content. Samsung 27-inch S27D590C Curved Monitor Redefines the Viewing Experience Designed to make multimedia content …
Uber recruits military veterans to be drivers
I ain't afraid of no Krispy Kreme 'Ghostbusters' doughnut
Bug forces Apple to delay launch of HealthKit fitness apps
NASA finds tiniest galaxy has 'supermassive' black hole
With this thing strapped on, even you could run a 4-minute mile
Try these great messaging apps for Windows Phone
Teen shot gamer dead over PS4, say police
Destiny sales exceed $325M in first five days despite meh reviews
Social network for rich people costs $9,000 to join
R + L = J: 'Game of Thrones' fan theories to chew on
On September 18, the Silent Majority in Scotland Should Say No With Pride
Image courtesy of StopherjonesMost of us have to say no quite a lot in our lives. To people who knock at the door selling religion, or nice looking new guttering to improve the look of your roofline. To your children when they want the new Android phone that their friends have, or when your own friend has made one unreasonable demand too many...
Jeff Bezos' Blue Origin to make rocket engine for Boeing, Lockheed Martin
Amazon's new Kindle and Facebook's mini Facebook
The Kindle Voyage e-reader leaks early on Amazon, and Facebook reportedly works on an app called Moments. Also, Bridget Carey has your ultra-quick guide to deciding if Apple's iPhone 6 Plus is the right fit for you.>
Need art-spiration? Amazing digital creations drawn with a stylus
Police radar gun that shows if you're texting?
Dear Sony, don't get out of smartphones yet
Your iPhone 6 and iPhone 6 Plus questions, answered right here
Could Gold Apple Watch cost $5,000?
Facebook discusses new location-privacy settings in Apple's iOS 8 (Q&A)
Pentax seeks turnaround with tiny Q, giant 645 cameras
The teensy Q cameras flopped in the US, but they remain central to Pentax's effort to rebuild its business and brand. Also coming: a big price cut for the K-50 SLR -- and leaf-shutter lenses for the beefy 645Z.>
Beyond the Clothes
It's often said that clothes make an individual, but this old adage isn't always true -- as there are many talented individuals who don't dress as expected and still have a lot to offer. The reality is that sometimes individuals who appear to be different don't always get a chance to prove their worth.Sometimes as a society we are blinded,...
Airbnb begins collecting 14% hotel tax in San Francisco
Strap an iPad to your face with a virtual-reality gadget for iOS
BitTorrent Bleep extends its IM security to Android, Mac
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