Finance

Gene Variant Behind Our Craving For Fatty Chicken Korma: Study

LONDON: People who carry a particular gene variant have a higher craving for fat-rich chicken korma but a decreased preference for sugary foods, according to a new Cambridge led study that may help treat obesity. The research provides insights into why we make particular food choices, with potential implications for our understanding of obesity, researchers said. This is one of ... Read More »

Gene Behind Our ‘Sixth Sense’ Identified: Study

Scientists have identified a gene which controls specific aspects of human touch and a ‘sixth sense’ that describes awareness of one’s body in space. With the help of two young patients, one nine and the other 19 years old, having a unique neurological disorder, scientists found that the gene called PIEZO2 controls specific aspects of human touch and the ‘sixth ... Read More »

Cancer, Not Zika Or HIV, Scares Americans Most

While Zika remains a hot topic in the news, a new survey has revealed that of all the health conditions it is cancer- particularly brain cancer- that concerns most Americans, even more than obesity and neurological diseases such as Alzheimer’s. In fact, in the survey by Mayo Clinic, infectious diseases such as Zika and Ebola tied with HIV/AIDS as the ... Read More »

Apple iPhone event could mark turning point in spite of low expectations, say analysts

With a declining stock, and general negative sentiment against the company, Apple needs to get its mojo back. But lukewarm expectations ahead of Wednesday’s product launch in San Francisco — where CEO Tim Cook is expected to introduce the iPhone 7, among other things — could help push the stock higher in coming months, say analysts. Apple’s fortunes have become ... Read More »

Here’s why the Philippines doesn’t want to tick off the US

Philippine President Rodrigo Duterte delivers his pre-departure message before leaving for the Association of Southeast Asian Nations (ASEAN) Summit in Laos in Davao City, Philippines, September 5, 2016. Monday’s diplomatic dustup between the U.S. and the Philippines was over almost before it began, after newly elected Philippines President Rodrigo Duterte quickly apologized for calling President Barack Obama a “son of ... Read More »

US revised Q2 productivity down 0.6% vs preliminary reading of down 0.5%

U.S. labor costs grew much faster than initially thought in the second quarter while worker productivity slumped, which could pressure corporate profits and business spending. The Labor Department said on Thursday that unit labor costs, the price of labor per single unit of output, increased at a 4.3 percent annual rate as opposed to the 2.0 percent pace reported last ... Read More »

US weekly jobless claims total 263,000 vs 265,000 estimate

The number of Americans filing for unemployment benefits rose less than expected last week, pointing to sustained labor market strength that could push the Federal Reserve closer to raising interest rates. Initial claims for state unemployment benefits increased 2,000 to a seasonally adjusted 263,000 for the week ended Aug. 27, the Labor Department said on Thursday. Claims for the prior ... Read More »

In twist, Caesars wins brief extension on lawsuit shield

William Thomas Cain | Getty Images A federal judge on Tuesday gave Caesars Entertainment a five-week shield from $13 billion in lawsuits, capping a week of frantic court hearings as the casino group struggles to salvage a high-stakes debt-cutting plan for its bankrupt subsidiary. Judge Robert Gettleman said at an emergency court hearing in Chicago that he will decide on ... Read More »

The legal strategy that bankrupted Gawker comes to Main Street

In the wake of Gawker.com’s downfall, a host of start-ups are rushing to bring litigation finance to Main Street with a business model that could have far-reaching ramifications for both investors and the legal system. Until the news broke that tech billionaire Peter Thiel was funding former pro wrestler Hulk Hogan’s suit against (now-defunct) gossip blog Gawker for outing him ... Read More »

Obamacare needs a lot of work, Iowa insurance commissioner says

The Affordable Care Act, known as Obamacare, needs a lot of work, Iowa insurance commissioner Nick Gerhart told CNBC Tuesday. “We have to look at the ACA in its entirety. The risk mitigation tools … really didn’t work very well, to be honest, and the carriers just really need more predictability in their pricing,” he said in an interview with ... Read More »