• EU Commission sees possible UK recession next year after Brexit
EU Commission sees possible UK recession next year after Brexit

The EY ITEM Club has revised its GDP growth forecast following the EU Referendum. EY economists expect the Monetary Policy Committee (MPC) to cut interest rates to zero by November but say that inflation is also likely to rise above 2 per cent.

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  • Housing experts say downturn threatens after £16000 rise in prices over year
Housing experts say downturn threatens after £16000 rise in prices over year

Moreover, it continued the strong growth seen since the end of 2013. This compares to a United Kingdom average of £211,230, which was an increase of 8.1 per cent over the year, and an increase of 1.1 per cent when compared to the previous month.

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  • Local Bernie Sanders Supporters Weigh Their Options
Local Bernie Sanders Supporters Weigh Their Options

His endorsement, five weeks after Clinton became the presumptive Democratic presidential nominee, brought the most prominent holdout in the party's liberal wing into her camp. "Even if she does adopt them, I mean, great hopefully they'll pass but I really don't see myself supporting her". He said he would work hard to elect Clinton , and that...

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  • Indiana town wonders: Who won $540M lottery?
Indiana town wonders: Who won $540M lottery?

The Mega Millions jackpot for Friday's drawing has soared to over $500 million. An estimated $1 billion in tickets have been sold since the last winning ticket was drawn in early March. The winning ticket for Friday's drawing was sold at a Speedway station along Interstate 70 in Cambridge City, a town of about 2,000 residents 50 miles east of India...

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  • Lorry manufacturers handed record European Union fine over price fixing
Lorry manufacturers handed record European Union fine over price fixing

The European Commission, the bloc's antitrust regulator, said Volkswagen AG's MAN SE, Volvo AB, Daimler AG, Paccar Inc.'s DAF and CNH Industrial NV's Iveco colluded for 14 years, between 1997 and 2011, on the factory prices of medium and heavy trucks.

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  • UnitedHealth profit beats on Optum unit strength
UnitedHealth profit beats on Optum unit strength

Excluding certain items, adjusted earnings rose to $1.96 a share from $1.73. (NYSE:PM) shares moved to $103.00 after starting the day at $103.49 on Monday. The Minnetonka, Minn., company now expects adjusted earnings for the year of about $7.80 to $7.95 a share, compared with its previous forecast - raised in April - for $7.75 to $7.95 a share.

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  • First case of female-to-male sexual transmission of Zika reported
First case of female-to-male sexual transmission of Zika reported

Zika can pose a serious risk to pregnant women, however, as their babies could suffer from microcephaly and be born with abnormally small heads and brain damage. The urine test was positive for Zika , the blood serum was not. Doctors have known for some time that a man can spread the Zika virus to a woman through sex.

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  • Clinton meets Castile family, tells teachers 'We can not let this madness continue'
Clinton meets Castile family, tells teachers 'We can not let this madness continue'

Some polling, like highly rated Quinnipiac, has the race much tighter between Trump, who chose hard-right Indiana Gov. Mike Pence as his running mate yesterday, and Mrs. "If you want our vote, if you want our support, you've got to honor our pledge within the first 100 days after you take office", Mr. Brooks said, directing his remarks to Mrs.

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  • Turkey warned executions would end its European Union bid
Turkey warned executions would end its European Union bid

We join our Turkish friends in mourning the tragic loss of life caused by attempts to violently overthrow Turkey's democratically-elected government. Speaking in a statement issued on Monday, John Bass, the U.S. Beyond the detentions, one Turkish government minister even claimed USA complicity in the violence. Austria's European Union commissio...

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  • Monsanto calls Bayer's raised bid 'insufficient'
Monsanto calls Bayer's raised bid 'insufficient'

On Tuesday, Monsanto Co., a seed company, called revised offer inadequate, as it did the initial bid. Monsanto's board of directors unanimously rejected it. Monsanto would still require Bayer to raise its offer further in order to agree to a sale, the source said. The proposed deal comes in the wake of proposed mergers between United Sta...

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  • Johnson & Johnson tops Street 2Q forecasts
Johnson & Johnson tops Street 2Q forecasts

The company added about 10.9 percent in value since last earnings when it was at $110.93. The stock's price to price to book (P/B) ratio for most recent quarter was disclosed as 0.97. Analysts' average estimate stands at $6.61, so we can expect that to come up. Standpoint Research Initiated Johnson & Johnson on May 20, 2016 to "Sell", Price Target ...

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  • $2 million ticket bought in Cedar Rapids, lottery says
$2 million ticket bought in Cedar Rapids, lottery says

Saturday's winning numbers were: 11-17-40-50-62 and Powerball 26. Powerball and Mega Millions drawings can be seen on WABC-TV stations. No ticket matched all six numbers so the jackpot for the July 20 drawing has grown to an estimated $361 million.

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  • Troon trumps Turnberry with better golf
Troon trumps Turnberry with better golf

Like two prize fighters in a ring, the two men traded blow after stunning blow, reeling off birdie after birdie to turn the last day of golf's oldest major into a two-way procession. The former Dubai resident, who was already assured of a place in the season-ending DP World Tour Championship, went toe-to-toe with Mickelson in one of the most fascin...

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  • Earnings Review: Delta Air Lines, Inc. (NYSE:DAL) DAL
Earnings Review: Delta Air Lines, Inc. (NYSE:DAL) DAL

Yesterday, Atlanta-based Delta reported better-than-expected earnings for the 2016 second quarter. Delta Air Lines , Inc.'s (DAL) has and price to sale ratio of 0.78. During the same quarter a year ago, the company earned $1.27 earnings per share. The company's quarterly revenue was down 2.4% compared to the same quarter a year ago.

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  • Consumer Reports Calls Tesla's AutoPilot 'Misleading and Potentially Dangerous'
Consumer Reports Calls Tesla's AutoPilot 'Misleading and Potentially Dangerous'

The National Highway Traffic Safety Administration sent Tesla a letter last week asking the company to supply detailed information on the vehicle involved in the deadly May 7 crash in Florida, including Tesla's own analysis of what happened and of possible problems with Autopilot.

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  • Pokemon Go more popular than Facebook and Twitter
Pokemon Go more popular than Facebook and Twitter

A study by mobile app intelligence firm Sensor Tower revealed that the game was played for an average of 33 minutes on Monday in the US. Players in the United States, Australia and New Zealand have been hooked to their handsets since the game was released there last week.

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  • The Final Word? House Concurs With Senate GMO Labeling Bill
The Final Word? House Concurs With Senate GMO Labeling Bill

The bill will now make its way to the desk of President Barack Obama, who-according to the White House-will most likely sign the bill as it is currently written. Right to Know. For instance, the bill says any food falling under that term must contain genetic material, or DNA. The terms are in contrast to a law that went into effect in July...

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  • FTC charges Herbalife $200 million fine in pyramid-scheme ruling
FTC charges Herbalife $200 million fine in pyramid-scheme ruling

The FTC accused Herbalife focusing on bringing new recruits into the company who were deceived into thinking they could earn a substantial income selling diet and nutritional products. The settlement also is a big victory for billionaire Carl Icahn, who was one of Herbalife's biggest investors and notably had taken an big bullish position on th...

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  • Goldman's profit jumps as bond trading revenue rises
Goldman's profit jumps as bond trading revenue rises

Investment banking revenue, which includes income from advising on deals and underwriting bond and stock offerings, fell 11 percent to $1.79 billion. It is also important to note that the operating expenses at Goldman Sachs were down 26% when compared to the second quarter of last year at $5.47 billion, but 15% higher compared to the first quarte...

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  • Bank of America Q2 income falls 18% due to lower interest income
Bank of America Q2 income falls 18% due to lower interest income

Globally, however, the bank's sales and trading revenues were up 14% in the quarter, to $4.3 billion. The lender posted a profit of $3.89bn for the April-June quarter compared to $4.8bn in the same quarter a year earlier. Despite earnings per share declining YoY, the large bank still generated an adjusted EPS of $0.42. As it has done for severa...

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