Latest News

Source: International Business Times
There are signs of a decline in the bond market, and that spells bad news for the wider economy. The markets are a good predictor of the state of the overall economy, historically around six months ahead of what's to come. The decline, coupled with low oil prices, has analysts worried, but that doesn't necessarily mean it's all doom and gloom.
Central banking authorities should not be afraid to return to normalized behavior in 2016, the Bank for International Settlements said Sunday in its quarterly report. As new jobs are created in the U.S. and the market becomes more shock absorbent, the BIS analysis urged a return to normalcy.
Puerto Rico's effort to deal with its mounting debt crisis by raising revenue has run up against a considerable foe: Wal-Mart Stores Inc. The retailer's Puerto Rican affiliate sued the U.S. commonwealth Friday over legislation that would more than triple the tax bill for large American corporate subsidiaries on the island that import goods from their mainland parent companies.
For most Americans, tax season doesn't start until after the New Year. For Congress, lobbyists and associated interest groups, now is their time. The House and Senate currently are working on a tax break extension package, aiming to pass the renewals on more than 50 issues by year's end.
Six years after the Federal Reserve began bank stress tests amid the Great Recession, it is revamping the annual practice after internal reviews found the exams were faulty, the Wall Street Journal reported.
Seven more Americans have fallen ill from E. coli poisoning in an outbreak linked to Chipotle Mexican Grill restaurants, according to the U.S. Centers for Disease Control and Prevention. Shares for the popular food chain fell shortly after regulators made the announcement Friday morning.
The U.S. economy added 211,000 jobs in November, all but cementing expectations that the Federal Reserve will opt to raise interest rates in December. Fed Chair Janet Yellen’s diagnosis of an economy that has “recovered substantially” since the recession was only bolstered by the data, which showed the U.S. unemployment rate is a healthy 5 percent.
The Dow Jones Industrial Average closed about 2 percent higher Friday, its biggest gain in three months, after U.S. jobs data suggested the economy is robust enough for the Federal Reserve to raise interest rates for the first time in nearly a decade. The S&P 500 and the Nasdaq Composite also closed with a gain of about 2 percent.
Employment in the once-booming American mining sector continues to drop, according to the latest jobs data from the U.S. Department of Labor. November’s report, released Friday morning, shows 11,000 miners lost their jobs last month. Since reaching a peak last December, mining jobs have declined by 123,000. That’s largely the result of struggles in the oil, gas and coal industries.
U.S. employers added a greater-than-expected 211,000 jobs in November, while the employment rate remained unchanged from the previous month at 5 percent, its lowest level since March 2008, the Labor Department said Friday. November’s gain follows the best job-creation month of the year in October, whose number was revised upward Friday, from 271,000 to 298,000.
Jeff Zisner, president and CEO at Aegis Security & Investigations in Los Angeles, says his phone was “ringing off the hook” with new inquiries on Wednesday in the aftermath of a shooting that left 14 people dead and more than a dozen injured fewer than 100 miles away in San Bernardino. Several mass shootings in America over the past year have occurred in workplace settings, prompting companies to take a second look at security systems to prevent employees from coming in harm’s way.
This Friday, Denny Ramos is more excited than usual for payday. The 47-year-old autoworker just got a raise -- to $21 an hour, up from $17.86. Ramos works as a material handler at General Motors' Lansing Grand River plant in Michigan, moving parts to and from assembly lines that crank out the Cadillac CTS, ATS and Chevrolet Camaro models.
SAN FRANCISCO -- Stuck on the 1,269th page of a 1,301-page bill in Congress concerning the future funding of American highways is a measure that could reap major rewards for tech unicorn employees. It’s a proposal that may make it easier for workers to cash out their holdings in companies like Uber, Dropbox and Airbnb without having to wait for an initial public offering.
West Virginia coal baron Don Blankenship has been found guilty of conspiring to violate mine safety standards. But the former executive was acquitted on charges of securities fraud and making false statements to regulators, a federal judge announced Thursday. As the CEO of Massey Energy, Blankenship oversaw the deadliest coal mining disaster in a generation. An explosion at Massey’s Upper Big Branch Mine in April 2010 killed 29 miners in West Virginia. The executive was not on trial for causing the tragedy, but faced charges over safety issues linked closely to the disaster.
In testimony before Congress Thursday, Federal Reserve Chair Janet Yellen expressed confidence that the economy has healed sufficiently to raise benchmark interest rates at the Fed's next rate-setting meeting later this month. "The U.S. economy has recovered substantially since the Great Recession," she said, citing a decline in headline unemployment to 5 percent today from a 2010 peak of 10 percent.  Raising near-zero interest rates was "a live option," Yellen added.
European Central Bank President Mario Draghi called on eurozone member states Thursday to do more to improve the economy. Asserting that the ECB's easy-money policy has been "a success," Draghi said nonetheless more needs to be done.
This might be the year Santa Claus finally ditches the reindeer in favor of a fleet of drones. Just kidding, he’d probably get lost somewhere over the Atlantic without Rudolph’s nose. But, with analysts predicting hundreds of thousands of drone sales this year, 2015 will almost certainly be the year that many shoppers figure out what kind of drone is worth putting under the Christmas tree.
SHANGHAI -- The decision by Facebook founder Mark Zuckerberg to commemorate the birth of his daughter by donating 99 percent of his shares, worth some $45 billion, to a philanthropic foundation has aroused much debate in Chinese media -- and has led to some criticisms of the country’s own rich for failing to do enough for charity. More than 5 million people read posts on the topic on social media on Wednesday, Chinese media reported -- with many praising the establishment of the Chan Zuckerberg Initiative, which will promote health, education and stronger communities.
As the holiday shopping season kicks into high-gear, store managers are bracing for bigger crowds than last year. And retailers are planning to hire more seasonal staff than they did in 2014, according to a survey from Korn Ferry Hay Group. 
Healthcare spending in the U.S. grew at its fastest rate in seven years in 2014, driven primarily by greater insurance coverage through Medicaid and the Affordable Care Act, and by a 12.2 percent jump in spending on prescription drugs. Americans spent $3 trillion on healthcare in 2014, or about $9,523 per person, the Centers for Medicare and Medicaid Services said Wednesday. That represents an increase of 5.3 percent from 2013, which is the fastest rate of growth since 2007. 
(Reuters) -- Mario Gabelli, the second-largest voting shareholder in Viacom Inc (VIAB.O), is calling for the media company to disclose the mental competence of its executive chairman, Sumner Redstone, the billionaire value investor said on Wednesday. The inquiries came a week after Redstone's former girlfriend, Manuela Herzer, filed a lawsuit seeking to have Redstone declared mentally incompetent and petitioning to have him examined to see if he can still make decisions for himself. She filed the lawsuit weeks after being kicked out of Redstone's Los Angeles area home.
As Yahoo struggles to keep pace with competitors, the board of the iconic Internet company is reportedly considering selling off its core business, which includes its Internet search division, websites such as Yahoo Finance and Yahoo Mail, social blogging company Tumblr and mobile analytics firm Flurry. The Sunnyvale, California, c
Federal Reserve Chair Janet Yellen laid the groundwork for a modestly optimistic view of the nation's economy and, thus, a basis for a benchmark interest rate hike this month. Such a move would mark the first such increase in almost a decade, something that has been anticipated for months. “It is a day that I expect we all are looking forward to,” she said Wednesday in prepared remarks at the Economic Club of Washington.
Southeast Asian leaders will hold a special summit with President Barack Obama in the U.S. next year, highlighting a "strategic partnership" they forged last month amid China's growing influence and assertiveness in the region. Obama made the invitation when he was in Manila and Kuala Lumpur in November for the annual summit of the Association of Southeast Asian Nations (ASEAN) and other meetings, Channel News Asia reported Wednesday.
The U.S. Federal Reserve Chairwoman Janet Yellen will speak at two separate events in Washington Wednesday, a day after Chicago Fed chief Charles Evans said that the central bank should “strongly and effectively” spell out the path to a gradual rate hike. The Fed has held interest rates near record lows since the 2008 financial crisis, and is now widely expected to begin tightening monetary policy later this month.
The 20 richest people in America own more wealth than half the population of the United States combined. That’s one of the findings of a new report published by Chuck Collins and Josh Hoxie at the Institute for Policy Studies, a left-leaning think tank.
There’s a popular theory for why so many jobs today remain heavily segregated by gender: Women, the logic goes, seek careers that better accommodate future plans to raise children. Men, on the other hand, pursue fields that allow them to play the breadwinning role in their families. New research from Rice University casts doubt on that familiar line of thought.
Imagine walking into work past a line of protestors calling you “the devil,” or hearing a string of death threats on your voicemail each morning. Those experiences are a daily reality for employees and volunteers at Planned Parenthood and independent abortion clinics. 
Students from high-income areas tend to take out higher loans, but they're not the ones defaulting. It's low-income ZIP codes -- often with lower balances -- that have higher delinquency rates. That's according to a study out Monday from think tanks Generation Progress and the Washington Center for Equitable Growth, which together found that the labor market often makes people who owe a little a lot more likely not to pay.
November was a dizzying month in the marijuana movement, one whose impact will be felt for years to come. California inched closer to full legalization with the unveiling of a well-funded, heavily endorsed 2016 ballot initiative.

Source: International Business Times
There are signs of a decline in the bond market, and that spells bad news for the wider economy. The markets are a good predictor of the state of the overall economy, historically around six months ahead of what's to come. The decline, coupled with low oil prices, has analysts worried, but that doesn't necessarily mean it's all doom and gloom.
Central banking authorities should not be afraid to return to normalized behavior in 2016, the Bank for International Settlements said Sunday in its quarterly report. As new jobs are created in the U.S. and the market becomes more shock absorbent, the BIS analysis urged a return to normalcy.
Greek lawmakers approved a 2016 budget early on Sunday including more than 5 billion euros ($5.44 billion) in spending cuts and some 2 billion in higher taxes meant to satisfy international lenders. The leftist-led government of Prime Minister Alexis Tsipras is under pressure to deliver tangible benefits to an austerity-weary public after having signed to a third rescue package from euro zone governments worth up to 86 billion euros. The budget makes 5.7 billion euros in spending cuts, including 1.8 billion from pensions and 500 million from defense.
The central governing body of the European monetary union reportedly is on edge as it grapples with British Prime Minister David Cameron's call to reimagine the European Union as a "multicurrency union," the Financial Times reported.
In testimony before Congress Thursday, Federal Reserve Chair Janet Yellen expressed confidence that the economy has healed sufficiently to raise benchmark interest rates at the Fed's next rate-setting meeting later this month. "The U.S. economy has recovered substantially since the Great Recession," she said, citing a decline in headline unemployment to 5 percent today from a 2010 peak of 10 percent.  Raising near-zero interest rates was "a live option," Yellen added.

ABOUT US
Triumph International Business Consulting has been helping companies start and grow since 2004 by empowering them with entrepreneurial divergent thinking and a unique combination of finance and operations experience. As a collaborative strategic advisor, our greatest successes is transforming businesses and generating unforeseen revenue opportunities. With a diverse business professional portfolio, we deliver results that make an immediate impact for non-profit organizations and for-profit companies in the professional services, finance, and IT industries. Triumph is credited with applying expertise in operations, technology, financial management and strategic business planning to drive substantial revenue growth. We develop innovative solutions and process improvements in international and domestic markets while reducing costs and meeting stakeholder needs. Triumph fosters a culture of awareness that supports sustainability. We are passionate about your success and constantly strive to be the very best at what we do. That’s why we ensure that we have the services, resources and expertise in area of your business.
WHAT WE OFFER
Most business owners envision success as significant growth: stronger production, a larger workforce, and increased revenues. Growth is an important part of success, but the key is to manage that growth constructively. Smart growth requires businesses to continually reassess their expansion strategies through constant competitive analysis of the marketplace.

Here’s how we can help you:
CONTACT INFO
Triumph International Business Consulting
244 Fifth Avenue
Suite D205
New York, NY 10001
Telephone: +1 347-395-6904

Email Triumph International Business Consulting Send Us A Note



Business By The Hour