Blog posts of '2018' 'January'

GLOBAL MARKETS-Stocks slip after Fed flags inflation, bonds rise
The U.S. dollar edged higher on Wednesday and world stocks lost the shine they took from Boeing's strong earnings report after the Federal Reserve indicated more interest rate hikes were in store.
U.S. Rep. Gowdy, House Oversight panel chairman, won't run for re-election
U.S. Representative Trey Gowdy, chairman of the House Oversight committee, will not run for re-election this November, he announced on Wednesday, becoming the latest high-profile Republican to retire from Congress.
California insurance dept estimates nearly $12 bln in wildfires claims
Insurers have received nearly 45,000 insurance claims of about $11.79 billion in losses from the wildfires that occurred in California in October and December, the California Department of Insurance said on Wednesday.
CBS board to discuss potential Viacom merger on Thursday: sources
CBS Corp's board is expected to discuss a merger with Viacom Inc on Thursday, sources told BusinessOfTurkey, a move that could begin a formal process to reunite the companies split by controlling shareholder Sumner Redstone more than a decade ago.
France reinforces financial support for Tunisia as Macron visits
France said on Wednesday that it would provide Tunisia with more than 272 million euros ($338 million) in new financing as it seeks to bolster the North African nation's democratic transition.
Venezuela pans U.N. decision to refer Guyana border dispute to ICJ
Venezuela on Wednesday panned a decision by the United Nations to refer a century-old border dispute with Guyana to the International Court of Justice (ICJ).
Team USA hockey wary of 'dangerous' Russia
The U.S. men's Olympic hockey team know they face a big challenge to come away from Pyeongchang with a medal and will face the biggest obstacle to that goal in the first round - a "dangerous" group of Russians playing under the Olympic flag.
Wall St. loses gains after Fed sees inflation rising
U.S. stocks gave up earlier gains to trade lower on Wednesday after the Federal Reserve said it sees inflation rising this year, signaling it remains on track to boost interest rates again in March.
Illinois governor pitches bipartisanship to aid state finances
Illinois' Republican Governor Bruce Rauner on Wednesday called for a collaborative effort with Democrats to tackle rising pension costs and restore the state's "financial integrity."
D.R. Horton's affordable homes unit to get boost from first-time buyers
D.R. Horton Inc's creation four years ago of a separate affordable homes business is yielding results as robust economic growth returns confidence to the U.S. housing market, and other homebuilders are now increasingly focusing on the segment.