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EXCLUSIVE:   New York Stock Exchange Senior Market Strategist Michael Reinking   told Fox Business he does not expect to any major policy shifts during the meeting of the Federal Reserve this week, saying he expects a "tranquil taper" as opposed to the "taper tantrum" seen in 2013.  The Federal Reserve began a two-day meeting Tuesday, and while the central bank is not expected to make any alterations to its policy, traders will be paying close attention to its language around inflation and when it may begin to taper its asset purchase program.  MARKETS ARE LEAVING LITTLE ROOM FOR THE FED TO BE WRONG ON INFLATION "After challenging the Fed messaging earlier this year, the markets are drinking the transitory ‘kool aid’ being served by the Fed," Reinking told Fox Business. "The meeting is going to be steady as she goes— I wouldn’t expect to see any major policy shifts, but we could see some technical adjustments."  Reinking said from a broader marke...

  US govt, 48 states sue Facebook for abusing power to crush smaller rivals The US government and 48 states have filed lawsuits against Facebook, accusing it of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors The US government and 48 states have filed parallel lawsuits against Facebook, accusing the social media giant of anti-competitive conduct by abusing its market power to create a monopoly and crushing smaller competitors. Soon after the Federal Trade Commission (FTC) and 48 state attorney generals on Wednesday sued the company, Facebook's shares dropped significantly at the stock exchanges. The bipartisan coalition led by New York attorney general Letitia James alleged that Facebook has engaged in a systematic strategy to eliminate threats to its monopoly. This includes its 2012 acquisition of up-and-coming rival Instagram, its 2014 acquisition of the mobile messaging app WhatsApp...

 New Update Haim Eshed said the extraterrestrial beings had asked them not to reveal that they were here as it would lead to public hysteria. Image for representation. | Flickr CC BY A former Israeli space security chief has claimed that  aliens exist  and that his country and the United States have been dealing with them for years, reported  The Jerusalem Post  on Tuesday. Haim Eshed, the former head of Israel’s Defense Ministry’s space directorate, said in an  interview  with  Yediot Aharonot , a Hebrew newspaper, that humans have been in contact with the aliens from a “galactic federation”. He said that the extraterrestrial beings had asked them not to reveal that they were here because it would lead to public hysteria. They felt that humanity needed to “evolve and reach a stage where we will... understand what space and spaceships are,” the former space security chief said. The former space security chief also said that US President Donald Tru...

The 87-year-old further claimed there’s a 'Galactic Federation' of aliens and their cooperation with the US includes a secret underground base on Mars.   Representational Image/Unsplash Aliens are real and secretly in touch with America and Israel,  however, they are keeping their existence quiet because  "humanity isn't ready", said Haim Eshed, who headed Israel's space security programme for nearly 30 years. The 87-year-old further claimed there’s a "Galactic Federation"  of aliens and their cooperation with the US includes a secret  underground base on Mars. He said, “Trump was on the verge of revealing [aliens existence],  but the aliens in the Galactic Federation are saying, ‘Wait, let people calm down first’. They don’t want to start mass hysteria. They want to first make us sane and understanding.” In an interview with the Israeli publication ...