Taco Bell is opening a taco-themed hotel and resort - Fox News

Taco Bell is opening a resort hotel. Yes, this is really happening.

Starting on Aug. 9, fans of the fast-food chain looking to get away from it all can book a room at The Bell: A Taco Bell Hotel and Resort in Palm Springs, Calif. According to Taco Bell, the hotel will offer several unique menu items that will only be available at the hotel. It will only be open for a limited time, however.

"Get ready for ‘Bell’hops and Baja Blasts, fire sauce and sauce packet floaties, because the Taco Bell Hotel is coming and will give fans an unexpected and unforgettable trip of a lifetime," reps for the chain said in a press release obtained by Fox News.

Taco Bell is opening a resort hotel. Yes, this is really happening. (Taco Bell)

“From check-in to check-out, The Bell: A Taco Bell Hotel and Resort reimagines what a hotel stay can be, unveiling a destination inspired by tacos and fueled by fans. Everything from guest rooms to breakfast and poolside cocktails will be infused with a Taco Bell twist, making this the flavor-filled getaway of 2019," the statement continued.

The resort will start accepting reservations in June. (Taco Bell)

TACO BELL'S SUMMER APPAREL LINE INCLUDES BIKINIS INSPIRED BY SAUCE PACKETS

The hotel and resort will also reportedly feature a “not-to-miss gift shop,” which will offer exclusive apparel. There will also be an onsite salon which will offer Taco Bell-inspired nail art and hairstyles options.

The release continued, "from a Forever 21 fashion line to weddings in the Las Vegas flagship Cantina, Taco Bell has long been surprising and delighting fans with unexpected ways to celebrate their love for the brand. At The Bell: A Taco Bell Hotel and Resort, fans will experience something even bigger and bolder, from design and entertainment to craveable food and beyond."

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Taco Bell’s Chief Global Brand Officer Marisa Thalberg called the hotel “the biggest expression of the Taco Bell lifestyle to date.”

The resort will start accepting reservations in June.

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https://www.foxnews.com/travel/taco-bell-hotel

2019-05-16 12:07:35Z
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European shares recover, but trade worries mount - Yahoo Finance

FILE PHOTO: A trader works at his desk whilst screens show market data at CMC Markets in London, Britain, January 16, 2019. REUTERS/John Sibley

By Saikat Chatterjee

LONDON (Reuters) - European stocks rose half a percent to the day's highs on Thursday, erasing earlier losses, while the euro gained in volatile trade as the threat of auto tariffs were pushed back.

But falling government bond yields globally meant attention remained focused on the trade dispute between China and the United States, after Washington hit Chinese telecoms company Huawei with sanctions.

"Manufacturing growth in Europe continues to be a source of concern as seen by recent PMI data and unless we see a firm resolution on the trade war front, the uncertain outlook will continue to be a headwind for markets," said Mike Bell, a global markets strategist at JP Morgan Asset Management in London.

European shares rose half a percent, up nearly a percent from the day's lows. German stocks also surged. U.S. stock futures were up 0.4 percent, signaling a stronger start on Wall Street.

The surge in European stocks and gains by Chinese and Hong Kong stocks pushed an index of global stocks into positive territory.

German government bond yields were near their lowest in almost three years. Dutch bond yields were about to reach negative territory, a level not seen since October 2016. German yields are now four basis points below their Japanese counterparts, the biggest gap since late 2016.

Late on Wednesday, the U.S. Commerce Department said it was adding China's Huawei Technologies Co Ltd and 70 affiliates to its "Entity List" - a move that bans Huawei from acquiring components and technology from U.S. companies without government approval.

The move surprised global markets, which had steadied the day before after Reuters reported that U.S. President Donald Trump was planning to delay tariffs on auto imports.

RATE CUT BETS GROW

As trade tensions re-emerged, weak U.S. data ratcheted up market expectations of the Federal Reserve would cut U.S. interest rates this year. Retail sales unexpectedly fell in April and industrial production dropped 0.5%, the third decline this year.

Yields on 10-year U.S. Treasury bonds fell to 2.3%, near a 15-month low of 2.340% on March 28.

Fed funds rate futures are fully pricing in a rate cut by the end of this year and more than a 50% chance of a move by September.

"That is a sea change from a year ago, when the consensus was three to four rate hikes a year," said Akira Takei, bond fund manager at Asset Management One.

Falling U.S. yields have eroded support for the dollar, which was flat against a basket of other currencies.

Oil prices gained on concern mounting tensions in the Middle East would hitting global supplies. Brent crude rose 0.1% to $72 a barrel and U.S. West Texas Intermediate (WTI) crude reached $62.73, half a percent higher.

Gold slipped 0.2% to $1,293.9 per ounce.

(Reporting by Saikat Chatterjee; additional reporting by Hideyuki Sano and Daniel Leussink in Tokyo; editing by Larry King)

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https://finance.yahoo.com/news/asian-shares-win-reprieve-trump-010906900.html

2019-05-16 11:57:00Z
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EU fines banks €1bn for currency rigging - BBC News

Five banks have been fined a total of €1.07bn (£935m) by the European Commission for forming illegal cartels to rig the foreign exchange market.

Four banks in the "Banana Split" cartel - Barclays, RBS, Citigroup and JP Morgan - were fined €811m in all.

Another three banks in the "Essex Express" cartel - Barclays, RBS and MUFG - were fined €258m.

A sixth bank, UBS, was excused financial penalties for revealing the cartels' existence.

The European Commission said the market-rigging took place from 2007 to 2013.

Competition Commissioner Margrethe Vestager said the banks' behaviour "undermined the integrity of the sector at the expense of the European economy and consumers".

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https://www.bbc.com/news/business-48292946

2019-05-16 10:17:00Z
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Citigroup, JPMorgan Among Banks Fined $1.2 Billion in FX Probe - Bloomberg

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Citigroup, JPMorgan Among Banks Fined $1.2 Billion in FX Probe  Bloomberg

Citigroup Inc., Royal Bank of Scotland Group Plc and JPMorgan Chase & Co. are among five banks that agreed to pay European Union fines of about 1.07 ...

https://www.bloomberg.com/news/articles/2019-05-16/citigroup-jpmorgan-among-banks-fined-1-2-billion-in-fx-probe

2019-05-16 09:46:00Z
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U.S. sanctions on Huawei send stocks reeling; yields fall - Yahoo Finance

FILE PHOTO: A trader works at his desk whilst screens show market data at CMC Markets in London, Britain, January 16, 2019. REUTERS/John Sibley

By Saikat Chatterjee

LONDON (Reuters) - European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the U.S. government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-U.S. trade ties.

An index of European shares fell as much as 0.5% in early European trading with the German stock index down 0.4%. U.S. stock futures were down 0.4%, pointing to a weak start on Wall Street.

The broad weakness in European markets was somewhat offset by small gains in Chinese and Hong Kong stock indexes leading to only marginal losses on a global stock index as investors expected state authorities to step in to support the market and stabilize sentiment.

"Chinese stocks are up as markets expect authorities to intervene to support sentiment but this kind of activity is not sustainable and unless we see a clear resolution in the China-U.S. trade conflict, overall sentiment will remain weak," said Neil Mellor, a senior FX strategist at BNY Mellon in London.

While benchmark indexes in China and Hong Kong were up between 0.3-0.8% at the close of trading, bond markets were signalling more pain for risk appetite.

Core German government bond yields were flirting with their lowest level in nearly three years while Dutch bond yields were about to dip into negative territory, a phenomenon not seen since October 2016.

Late on Wednesday, the U.S. Commerce Department said it was adding Huawei Technologies Co Ltd and 70 affiliates to its "Entity List" - a move that bans the company from acquiring components and technology from U.S. firms without government approval.

The move took global markets by surprise as sentiment had steadied somewhat in the previous session on news that U.S. President Donald Trump was planning to delay tariffs on auto imports after a swathe of weak U.S. and Chinese economic data.

RATE CUT BETS GROW

As trade tensions have made a reappearance on investors' radars, weak U.S. data has also ratcheted up market expectations of a U.S. interest rate cut in the coming months.

In the United States, retail sales unexpectedly fell in April as households cut back on purchases of motor vehicles and a range of other goods, while industrial production fell 0.5% in April, the third drop this year.

Yields on 10-year U.S. Treasury bonds eased to 2.366%, near a 15-month low of 2.340% touched on March 28.

Fed funds rate futures are fully pricing in a rate cut by the end of this year and more than a 50% chance of a move by September.

"The markets are inching step by step in pricing in a rate cut. That is a sea change from a year ago when the consensus was three to four rate hikes a year," said Akira Takei, bond fund manager at Asset Management One.

Falling U.S. yields have eroded support for the greenback with the dollar down 0.1 percent against a basket of its rivals.

Oil prices gained on the prospect of mounting tensions in the Middle East hitting global supplies despite an unexpected build in U.S. crude inventories.

Brent crude rose 0.3% to $71.99 a barrel, while U.S. West Texas Intermediate (WTI) crude fetched $62.26, also half a percent higher.

Gold edged up to $1,296.9 per ounce.

For Reuters Live Markets blog on European and UK stock markets, please click on: [LIVE/]

(Reporting by Saikat Chatterjee; Additional reporting by Hideyuki Sano and Daniel Leussink in TOKYO; Editing by Andrew Cawthorne)

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https://finance.yahoo.com/news/asian-shares-win-reprieve-trump-010906900.html

2019-05-16 08:26:00Z
CBMiTWh0dHBzOi8vZmluYW5jZS55YWhvby5jb20vbmV3cy9hc2lhbi1zaGFyZXMtd2luLXJlcHJpZXZlLXRydW1wLTAxMDkwNjkwMC5odG1s0gFVaHR0cHM6Ly9maW5hbmNlLnlhaG9vLmNvbS9hbXBodG1sL25ld3MvYXNpYW4tc2hhcmVzLXdpbi1yZXByaWV2ZS10cnVtcC0wMTA5MDY5MDAuaHRtbA

Federal judge orders FDA to begin review of e-cigarettes - CNBC

A customer smokes an E-Cigarette at Digita Ciggz on January 28, 2015 in San Rafael, California.

Justin Sullivan | Getty Images

A federal judge is siding with public health groups suing the Food and Drug Administration to begin reviewing thousands of e-cigarettes on the U.S. market.

The ruling handed down Wednesday in district court states that the agency shirked its legal duty when it postponed reviewing all U.S. vaping products by several years.

The American Academy of Pediatrics, Campaign for Tobacco-Free Kids and other groups filed the federal lawsuit in Maryland last year. The groups say the lack of FDA oversight has led to an explosion in underage vaping by teenagers, threatening to hook a generation of Americans on nicotine.

"It is now the FDA's responsibility to take immediate action to protect our kids and require manufacturers to apply to the FDA if they want to keep their products on the market," the groups said in a statement.

E-cigarettes are nicotine-emitting devices that have grown into a multibillion-dollar industry in the U.S. despite little research on their long-term health effects, including whether they are useful in helping smokers quit cigarettes.

The FDA gained authority to regulate the products in 2016, but it has allowed thousands of products to remain on the market without formal rules or product standards. The agency says that both FDA staff and manufacturers need more time to prepare for regulation.

The public health groups have warned that the lack of oversight could undo decades of anti-tobacco efforts as young people migrate toward newer vaping products.

U.S. Judge Paul Grimm agreed, calling the FDA's delay "so extreme as to amount to an abdication of its statutory responsibilities."

FDA spokesman Michael Felberbaum said in an emailed statement that the agency is reviewing the court decision and "will continue to tackle the troubling epidemic of e-cigarette use among kids." The agency will have the option of appealing the decision.

Gregory Conley of the American Vaping Association said the government "must appeal this ruling" to "protect adult access to less harmful alternatives to cigarettes."

Under President Donald Trump's FDA commissioner, Scott Gottlieb — who departed last month — the FDA said it would not require e-cigarette manufacturers to submit their products for review until 2022. Shortly before stepping down Gottlieb moved the deadline up to 2021.

But Grimm's ruling suggests the FDA must move much faster. He calls for the health groups and the FDA to submit plans for moving forward with product reviews within 30 days.

Wednesday's ruling follows a similar decision last September, when a federal judge said the FDA must move ahead with adding graphic warning labels to cigarette packs. The FDA was required to take that step under a 2009 law, but the process has been bogged down by legal challenges from tobacco companies.

"The courts are clearly pushing FDA — at behest of medical and consumer groups — to step up their regulatory pressure on industry," said Marc Scheineson, a former FDA official who now advises companies with the law firm Alston & Bird.

Scheineson said he expects the FDA to argue that it doesn't have the resources to process the flood of applications that industry would submit if the ruling is enforced.

The FDA and most health experts agree that e-cigarettes are likely less harmful than traditional cigarettes because they don't produce the cancer-causing byproducts of burning tobacco. But there is little research on their long-term health effects, particularly for young people.

Nicotine is what makes both cigarettes and e-cigarettes addictive, and health experts say the chemical is harmful to developing brains.

Separately on Wednesday, North Carolina's attorney general announced the first state lawsuit against e-cigarette giant Juul, which dominates the U.S. vaping market.

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https://www.cnbc.com/2019/05/16/federal-judge-orders-fda-to-begin-review-of-e-cigarettes.html

2019-05-16 04:10:24Z
52780297140852

Federal judge orders FDA to begin review of e-cigarettes - CNBC

A customer smokes an E-Cigarette at Digita Ciggz on January 28, 2015 in San Rafael, California.

Justin Sullivan | Getty Images

A federal judge is siding with public health groups suing the Food and Drug Administration to begin reviewing thousands of e-cigarettes on the U.S. market.

The ruling handed down Wednesday in district court states that the agency shirked its legal duty when it postponed reviewing all U.S. vaping products by several years.

The American Academy of Pediatrics, Campaign for Tobacco-Free Kids and other groups filed the federal lawsuit in Maryland last year. The groups say the lack of FDA oversight has led to an explosion in underage vaping by teenagers, threatening to hook a generation of Americans on nicotine.

"It is now the FDA's responsibility to take immediate action to protect our kids and require manufacturers to apply to the FDA if they want to keep their products on the market," the groups said in a statement.

E-cigarettes are nicotine-emitting devices that have grown into a multibillion-dollar industry in the U.S. despite little research on their long-term health effects, including whether they are useful in helping smokers quit cigarettes.

The FDA gained authority to regulate the products in 2016, but it has allowed thousands of products to remain on the market without formal rules or product standards. The agency says that both FDA staff and manufacturers need more time to prepare for regulation.

The public health groups have warned that the lack of oversight could undo decades of anti-tobacco efforts as young people migrate toward newer vaping products.

U.S. Judge Paul Grimm agreed, calling the FDA's delay "so extreme as to amount to an abdication of its statutory responsibilities."

FDA spokesman Michael Felberbaum said in an emailed statement that the agency is reviewing the court decision and "will continue to tackle the troubling epidemic of e-cigarette use among kids." The agency will have the option of appealing the decision.

Gregory Conley of the American Vaping Association said the government "must appeal this ruling" to "protect adult access to less harmful alternatives to cigarettes."

Under President Donald Trump's FDA commissioner, Scott Gottlieb — who departed last month — the FDA said it would not require e-cigarette manufacturers to submit their products for review until 2022. Shortly before stepping down Gottlieb moved the deadline up to 2021.

But Grimm's ruling suggests the FDA must move much faster. He calls for the health groups and the FDA to submit plans for moving forward with product reviews within 30 days.

Wednesday's ruling follows a similar decision last September, when a federal judge said the FDA must move ahead with adding graphic warning labels to cigarette packs. The FDA was required to take that step under a 2009 law, but the process has been bogged down by legal challenges from tobacco companies.

"The courts are clearly pushing FDA — at behest of medical and consumer groups — to step up their regulatory pressure on industry," said Marc Scheineson, a former FDA official who now advises companies with the law firm Alston & Bird.

Scheineson said he expects the FDA to argue that it doesn't have the resources to process the flood of applications that industry would submit if the ruling is enforced.

The FDA and most health experts agree that e-cigarettes are likely less harmful than traditional cigarettes because they don't produce the cancer-causing byproducts of burning tobacco. But there is little research on their long-term health effects, particularly for young people.

Nicotine is what makes both cigarettes and e-cigarettes addictive, and health experts say the chemical is harmful to developing brains.

Separately on Wednesday, North Carolina's attorney general announced the first state lawsuit against e-cigarette giant Juul, which dominates the U.S. vaping market.

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https://www.cnbc.com/2019/05/16/federal-judge-orders-fda-to-begin-review-of-e-cigarettes.html

2019-05-16 03:39:23Z
52780297140852