BUSINESS NEWS 24TH, 2016
President Barack Obama, beginning a visit Sunday to Germany, hoped to build momentum for a U.S.-Europe trade deal that has become a tough sell, particularly in Germany.Other issues were on the agenda for talks with German Chancellor Angela Merkel, including efforts to counter the Islamic State group, improve cooperation on counterterrorism, and encourage countries to share law enforcement information. IS says it was responsible for attacks that killed 30 people in Brussels last month.
The Federal Open Market Committee (FOMC) meets Tuesday, April 26 to discuss Federal Reserve policy, the most important of which is whether interest rates will rise.At the end of 2015, the Fed announced that they would be engaging in a series of rate hikes. We have thus far seen only one, with disastrous results for the stock market. We further know that the Fed will not raise rates during a time of economic weakness or if the inflation targets have been reached.Let's take a look at the aspects that are likely being considered by FOMC for the upcoming decision on interest rates.
INTEL TO CUT 12,000 JOBS BY 2017
Intel is one of the biggest companies of the Internet age, until 2005 anyway. Since the 1990s, many people have associated the company with up-and-coming technology, however, the company is not going to continue to lead the world’s technology market for much longer. In fact, Intel just announced that it would lay off 12,000 employees by 2017.In 2005, the company made one of the biggest mistakes ever when Intel declined the opportunity to provide the processor for the iPhone. Intel didn’t believe the iPhone would sell enough to benefit from providing the processor for the phone. Now, of course, people know that making the decision to work with Apple on the iPhone would have been a good business decision.