U.S. visa applicants undergo ‘extreme vetting’, to be asked for social media history

Businessam StaffMarch 30, 2018

The U.S. government wants to require all US visa applicants, both immigrant and non-immigrant, to disclose their social media handles to the US government, State Department proposals showed on Friday as part of President Donald Trump’s policy of “extreme vetting.” In documents that the department will file to the Federal Register, it proposes that nearly every individual applying […]

Barclays to pay $2bn to resolve fraud claims over US mortgage misselling

Businessam StaffMarch 29, 2018

Barclays has agreed to pay $2 billion, the equivalent of £1.4 billion, in civil penalties to resolve claims for fraud in the sale of residential mortgage-backed securities, the US Department of Justice said Thursday. The US had alleged that Barclays caused “billions of dollars in losses to investors” by selling the deals in the lead […]

I don’t think Berkshire should avoid doing business with people who own guns- Buffett

Businessam StaffFebruary 26, 2018

Warren Buffett, the chief executive officer of Berkshire Hathaway, said business leaders should be careful not to impose their personal views on their organizations, as companies sought to distance themselves from the National Rifle Association after the mass shooting at a high school in Florida. The billionaire investor told CNBC on Monday in an interview. “I don’t believe in […]

Dollar weakens further in Asia ahead of US inflation data

Businessam StaffFebruary 14, 2018

The dollar was softer in Asia trading ahead of a release of US inflation data later in the day, pushing the yen to a 15-month high, according to FT report. The yen was up as 0.6 percent against the greenback at ¥107.19, having earlier broke the ¥107 marker for the first time since November 2016. […]

US jobless claims drop beating forecasts

Businessam StaffFebruary 12, 2018

The number of Americans filing for unemployment benefits dropped by nine thousand to 221 thousand in the week ended February 3rd, 2018, well below market expectations of 232 thousand. It is the lowest value in three weeks. Claims taking procedures in Puerto Rico and in the Virgin Islands have still not returned to normal. The […]

Why are gun sales falling?

Businessam StaffFebruary 6, 2018

January gun sales slumped in comparison to past years, according to new data from the FBI’s National Instant Criminal Background Check System. The government doesn’t keep an exact count of firearms sold, but the system can be used as a proxy for sales and is considered an indicator for the industry. According to data kept […]

U.S. Fed chair in safe hands as insider, Jerome Powell, gets Senate nod

January 24, 2018

Jerome powell (R), and Ianet yellen

The U.S. Senate Tuesday confirmed Jerome Powell, lawyer, and multi-millionaire, as the next head of the Federal Reserve, the country’s central bank, succeeding Janet Yellen. His appointment approval has been hailed a move likely to provide continuity in U.S. monetary policy, which oversaw the economy growing for nine years straight. Powell has served on the […]

U.S set to overtake Russia, Saudi Arabia as world leading oil producer.

January 19, 2018

United States is in a strong position to overtake countries such as Saudi Arabia and Russia as the world’s leading energy producer over the next 12 months, according to the latest monthly report from the International Energy Agency (IEA,) “This year promises to be a record-setting one for the U.S.,”IEA said in its closely-watched report […]

US jobs report beats forecasts as private sector creates more jobs than expected

Businessam StaffJanuary 4, 2018

America’s private sector created many more jobs than expected last month, in the latest sign that the US economy is robust. US companies hired 250,000 new workers in December, according to payroll firm ADP. That’s the biggest monthly increase since March, Economists had only expected an increase of 190,000; this suggests that tomorrow’s non-farm payroll […]