Finance


US Dollar Index and Treasury Yields Fall Early on August 29 US Dollar Index and Treasury Yields Fall Early on August 29
- August 30, 2017

U.S. stocks closed mixed on Friday after President Donald Trump's chief economic adviser Gary Cohn said the Trump administration's agenda and calendar will revolve around tax reform starting next week. European share markets closed lower, with the pan-regional FTSEurofirst 300 index slipping 0.05 per cent, even as an index of emerging market stocks rose. (more...)
Deutsche Bank AG Trims Hunting plc (HTG) Target Price to GBX 530 Deutsche Bank AG Trims Hunting plc (HTG) Target Price to GBX 530
- August 30, 2017

DAL's profit will be $1.32 billion for 6.48 P/E if the $1.79 EPS becomes a reality. It has a 16.05 P/E ratio. The Company's products include Ultibro Breezhaler (European Union (EU) and Rest of World (RoW)) - LABA-LAMA; Seebri Breezhaler (EU and RoW) - LAMA; AirFluSal Forspiro (EU and RoW) - ICS-LABA; ADVATE (Global) - Antihaemophilic Factor (Recombinant); Adept (Global) - Icodextrin; Anoro Ellipta (Global) - LAMA-LABA; Relvar Ellipta/Breo Ellipta (Global) - ICS-LABA, and Incruse Ellipta ... (more...)
Gilead Sciences acquires Kite Pharma for $11.9-bn in cash Gilead Sciences acquires Kite Pharma for $11.9-bn in cash
- August 30, 2017

Investors should be cautious of taking positions as this might indicate the stock is due to reverse course. United Kingdom-based Legal And General Grp Public Ltd Com has invested 0% in Kite Pharma Inc (NASDAQ: KITE ). Goldman Sachs remains icy toward Tesla stock . As per Friday, April 7, the company rating was maintained by Cowen & Co. (NASDAQ: KITE ) from a buy rating to a hold rating in a report released on Monday morning. (more...)
Runways Flooded At Houston Hobby Airport, Flights Canceled Runways Flooded At Houston Hobby Airport, Flights Canceled
- August 28, 2017

As tropical storm Harvey continues to pound parts of Texas , almost 3,000 flights have been canceled across the nation. Most have issued change-fee waivers for travelers who cancel their flights in anticipation of the storm. The airport system's website says Bush Intercontinental Airport is 23 miles north of downtown Houston and provides service via 29 passenger airlines. (more...)
UK GDP growth for Q2 remains at 0.3% in second estimate UK GDP growth for Q2 remains at 0.3% in second estimate
- August 27, 2017

However, Hawksworth said he doesn't think this slowdown will turn into a recession, given that "employment growth remains reasonably strong and government spending is now cushioning some of the blow to business confidence from Brexit". The increased VED on high-polluting vehicles (which came into force in April 2017) led to consumers bringing forward planned new auto purchases into Quarter 1 leading to a subsequent fall-off in purchases in the latest quarter. (more...)
Qatar Restores Iran Ties Qatar Restores Iran Ties
- August 27, 2017

A short Foreign Ministry statement issued early Thursday reversed course, saying Qatar's ambassador soon would return to Iran. Iranian Foreign Minister Mohammad Javad Zarif told local media the visits would take place after this year's hajj pilgrimage to Mecca in Saudi Arabia , which is due to start at the beginning of September. (more...)
Samsung heir jailed for five years on corruption charge Samsung heir jailed for five years on corruption charge
- August 26, 2017

Prosecutors sought a 12-year jail sentence for Lee, who had not denied all charges. Samsung has not denied transferring corporate funds, but Lee, vice chairman at Samsung Electronics and the Samsung founder's grandson, claimed innocence during the court hearing. (more...)
Economic adviser knocks Trump's response to Charlottesville Economic adviser knocks Trump's response to Charlottesville
- August 26, 2017

The president, claiming in his initial statement on Saturday that violence existed on "both sides", faced criticism for not immediately and directly denouncing the hate groups by name. Gary Cohn , the president's top economic adviser, was so upset by Trump's response to violent clashes involving white nationalists in Charlottesville that he drafted a letter of resignation, a source with direct knowledge of the matter confirmed to ABC News. (more...)
Foods That Will Be Cheaper At Whole Foods Starting On Monday Foods That Will Be Cheaper At Whole Foods Starting On Monday
- August 26, 2017

Amazon's new physical bookstores have Prime tightly integrated into store transactions and they have a distinct pricing structure for Prime customers, she notes. Whole Foods has more than 460 shops with the bulk of stores in the U.S. and Canada and seven in the UK. Critics warned that the marrying of the two companies eventually would lead to higher grocery prices and fewer consumer choices as Amazon squeezes out other grocery chains. (more...)
DOE Study Concludes Coal, Gas and Nuclear Critical to Grid Resiliency DOE Study Concludes Coal, Gas and Nuclear Critical to Grid Resiliency
- August 26, 2017

They also include misguided proposals to gut environmental rules for coal and nuclear plants and to pay fossil resources for reliability services that DOE hasn't demonstrated are necessary. The report argues that even natural gas-fired generators, which rely on pipelines to receive fuel, may be less resilient. The American Petroleum Institute noted that natural gas is now the source of more electricity in the US than any other fuel and has cut consumers' energy costs "without government ... (more...)
Amazon plans on lower prices at Whole Foods Amazon plans on lower prices at Whole Foods
- August 25, 2017

Amazon didn't disclose how long that would take, but said it would first need to integrate Amazon Prime into the Whole Foods point-of-sale system. Amazon Prime will become the chain's customer rewards program, and Whole Foods products will be available through existing Amazon delivery services like AmazonFresh and Prime Pantry . (more...)
US Dollar Higher Ahead Of Jackson Hole Symposium
- August 23, 2017

It originated as a deeply technical event, rather than a forum for central bankers to share their thoughts on the state of the economy with the world's investors and media, although it has evolved into that. Gold will be an interesting asset class in the weeks ahead - the Dubai Gold and Commodities Exchange (DGCX) gold contract was trading 1.5 per cent higher in August and supported by the risk off mood driving markets in the past two weeks. (more...)
Sir Bruce Forsyth dies Sir Bruce Forsyth dies
- August 22, 2017

Lord Sugar said: "Sad news about Sir Bruce Forsyth what legend of entertainment". I used to go to a zumba class to keep fit; now I do it at home in front of him. The show had come from Broadway, and Bruce played her various male patrons. Sir Bruce proved his own credentials on many occasions during his time on Strictly Come Dancing . (more...)
Military Action on Korean Peninsula Impossible Without S. Korea Consent Military Action on Korean Peninsula Impossible Without S. Korea Consent
- August 20, 2017

Emphasizing Seoul is the one that is most directly affected by North Korea's nuclear and missile issues, President Moon sternly said any sort of military action requires South Korea's consent, and underscored that another war on the peninsula is absolutely out of the question. (more...)
RT America: US electronic voting firm exposes 1.8 million Chicago voter records RT America: US electronic voting firm exposes 1.8 million Chicago voter records
- August 20, 2017

ES&S said the server did not include "any ballot information or vote totals and were not in any way connected to Chicago's voting or tabulation systems", stressing the leak had "no impact on the results of any election". Some of the records also included drivers' licenses and state ID numbers. The leaked data was discovered by Upguard Researchers and included the information of people from Verizon and the company which analyzes GOP . (more...)
South Korea vows to take measures to stabilize financial markets South Korea vows to take measures to stabilize financial markets
- August 20, 2017

He said dialogue could start but that North Korea should first halt "nuclear and missile provocations". But the atmosphere is likely to worsen again next week when the United States and South Korea kick off their annual Ulchi Freedom Guardian military drills. (more...)
Another Senator Discovers He's A Dual Citizen Another Senator Discovers He's A Dual Citizen
- August 20, 2017

It comes after Deputy Nationals Leader Fiona Nash revealed on Friday she was a United Kingdom citizen by descent. Xenophon's father was born in Cyprus when it was a colony of Britain. Australia's widening citizenship crisis entangled a seventh politician Friday, a key independent senator whose support is critical for Prime Minister Malcolm Turnbull to pass legislation through a hostile Senate. (more...)
Trump to sign executive order Tuesday on infrastructure projects Trump to sign executive order Tuesday on infrastructure projects
- August 19, 2017

Critics say there's danger in streamlining the reviews. President Obama wanted public buildings in danger of being flooded to be set 2-3 feet higher than the previous flood elevation. The Trump administration has said it plans to release a legislative package by this fall to meet the president's pledge to invest $1 trillion to upgrade USA infrastructure. (more...)
U.S. stocks recede as Trump's policy agenda at risk of crumbling
- August 19, 2017

It was only the fourth session this year in which the S&P lost more than 1 percent in a day. This was compounded after the White House said the president's advisory council on infrastructure "will not move forward". ET, a 10 basis point drop from the high point early Wednesday. Small-cap stocks also sold off. The Dow began to drop on Thursday as reports that the ex-Wall Street man was planning to resign started to circulate. (more...)
Stock Roaring Upward Mid-Session: Ross Stores, Inc. (NASDAQ:ROST) Stock Roaring Upward Mid-Session: Ross Stores, Inc. (NASDAQ:ROST)
- August 19, 2017

Comml Bank Of America Corp De holds 55 shares or 0% of its portfolio. About 35,497 shares traded. It has underperformed by 16.70% the S&P500. ROST's strong comps were driven by increases in both traffic and average basket size, reflecting what TJX's report also indicated : the discount retailing business model remains robust despite the rise of e-commerce and the broader decline in retailers such as Macy's (M) and Kohl's ( KSS ). (more...)
India's Nifty reclaims 9900; Infosys climbs on buyback plan India's Nifty reclaims 9900; Infosys climbs on buyback plan
- August 19, 2017

It fell by almost Rs 31,400 crore as per the Friday's intraday low of Rs 884.4 per share on BSE . Intra-day, it had even hit a 52-week low, but then recovered somewhat. During the session, it shuttled between 9,783.65 and 9,865.95. The IT sub-index of NSE closed 1.29 per cent higher. This is markets' sixth weekly rise in seven. (more...)
Crude Oil Drifting Lower By The Day Crude Oil Drifting Lower By The Day
- August 18, 2017

Oil prices dropped below $30 per barrel past year under the dual strains of robust US crude oil production and a strategy from the Organization of Petroleum Exporting Countries to defend their market share with more oil. Oil also saw weakness on the SPR news. Ole Hanson, the head of commodity strategy at Saxo Bank, said in an emailed newsletter crude oil prices have lost ground since June and the possibility that crude oil prices move much higher than $50 per barrel is unlikely because OPEC ... (more...)
Home Depot Reported Better-than-Expected Q2 Financial Results Home Depot Reported Better-than-Expected Q2 Financial Results
- August 17, 2017

Tjx Cos Inc New now has $44.73 billion valuation. The stock's dividend yield was 2.31% at Monday's closing price. About 814,413 shares traded. About shares traded. Cutler Counsel Ltd owns 68,555 shares. Montag A And Assoc reported 83,546 shares. At the end of Mar reporting period, 784 institutional holders increased their position in The Home Depot, Inc . (more...)
What is Amazon Instant Pickup and how does it work? What is Amazon Instant Pickup and how does it work?
- August 17, 2017

The online retail giant reported on Tuesday that it's rolled out several so-called Instant Pickup Points in the USA -vending-style kiosks where shoppers can retrieve items minutes after ordering them online. But this well, you'll be able to save some money and time standing in lines. Brittain Ladd, a supply chain consultant who has previously worked at Amazon , suggests that the firm may build a network of automated warehouses that serve both Amazon and Whole Foods . (more...)
'Game Of Thrones': The Cold's Snow Picnic For A Hatless Kit Harrington
- August 17, 2017

And now IKEA are cashing in big time, after releasing special, detailed instructions on how to turn their rugs into epic capes. Earlier this month, Quartz was the first to report that the HBO series " Game of Thrones " was using Ikea rugs as costumes for the Night's Watch, soldiers tasked with defending the show's fictional kingdoms from zombie armies and other threats. (more...)
It's Not Just Amazon — Dick's Sporting Goods It's Not Just Amazon — Dick's Sporting Goods
- August 16, 2017

Maxim Group initiated coverage on Interpace Diagnostics Group with a Buy rating. Dicks Sporting Goods Inc (NYSE: DKS ) has declined 1.35% since August 15, 2016 and is downtrending. The stock is a Buy among 4 brokerage firms polled by Factset Research. Its up 0.31, from 0.9 in 2016Q3. 93 funds opened positions while 238 raised stakes. (more...)
Magellan Midstream Partners LP (NYSE:MMP): Negative Stock Sentiment Magellan Midstream Partners LP (NYSE:MMP): Negative Stock Sentiment
- August 16, 2017

The Firm enables enterprises, service providers, governmental organizations, and partners to envision, deploy and evolve their information technology (IT) environments. This is an increase from Cone Midstream Partners's previous quarterly dividend of $0.28. Friedberg Inv has invested 4.4% in Magellan Midstream Partners, L.P. (more...)
Essentra PLC (ESNT) Given Add Rating at Peel Hunt Essentra PLC (ESNT) Given Add Rating at Peel Hunt
- August 15, 2017

The rating was maintained by Jefferies on Thursday, March 2 with "Buy". The firm earned "Buy" rating on Monday, January 9 by Peel Hunt. Carmignac Gestion holds 0.08% of its portfolio in AA PLC (LON:AA) for 369,999 shares. The stock of Playtech PLC (LON:PTEC) earned "Buy" rating by UBS on Monday, January 9. Its down 0.21, from 1.57 in 2016Q3. It increased, as 52 investors sold BDX shares while 352 reduced holdings. (more...)
UK Expected To Unveil Post-Brexit NI Border Plan This Week UK Expected To Unveil Post-Brexit NI Border Plan This Week
- August 14, 2017

Supposedly he was looking for a compromise to keep Britain within the customs union and single market as long as possible. "The DUP has been discussing these matters with the government for some time and we support the concept of maintaining a common travel area between the United Kingdom and Irish Republic and share the government's view that modern technology can help with monitoring the movement of goods across the border in the event of the UK reaching a new free trade and customs ... (more...)
North Korea Tensions Hit Global Stock Markets
- August 14, 2017

And when the S&P 500 breaks a streak of 50+ trading days without a 1%+ up move, the index actually averages a decline over the next month and a gain of just 0.86% over the next three months. That is significant because yields fall when bond prices rise. The index was also dragged lower after Beijing ordered probes into three major Chinese social networking platforms over outlawed content. (more...)
Analysts Set Serco Group plc (SRP) Price Target at $136.92 Analysts Set Serco Group plc (SRP) Price Target at $136.92
- August 12, 2017

Numis Securities has "Buy" rating and GBX 125 target. The firm has "Neutral" rating given on Tuesday, January 3 by Mizuho. The firm has "Buy" rating given on Tuesday, October 6 by N+1 Singer. A reading between 0 and -20 would point to an overbought situation. The firm has "Outperform" rating by RBC Capital Markets given on Thursday, February 11. (more...)
Toshiba Shares Jump on Auditor Sign-Off Toshiba Shares Jump on Auditor Sign-Off
- August 12, 2017

There had been growing worries that Toshiba might not make Thursday's deadline to supply financial statements for the year ending March as it had been at odds with auditors over multi-billion-dollar losses at Westinghouse. This could put Toshiba back in jeopardy. PwC and Toshiba declined to comment. "It's true that issues related to antitrust laws are hard, it is difficult", Tsunakawa said. (more...)
Magellan Midstream Partners LP
- August 12, 2017

Cushing Asset Management Lp increased Enable Midstream Partners Lp (ENBL) stake by 185.49% reported in 2016Q4 SEC filing. The company posted earnings of $193.63 M for the period. Since March 31, 2017, it had 0 insider purchases, and 1 sale for $76,526 activity. The shares were sold at an average price of $75.00, for a total transaction of $600,000.00. (more...)
Mother who prompted MA Amber Alert to face charges Mother who prompted MA Amber Alert to face charges
- August 11, 2017

Both tested positive for elevated levels of carbon monoxide at the hospital, Pashou said. A MA woman is facing attempted murder charges after apparently kidnapping her daughter and attempting to kill both the girl and herself. The toddler, whose name is Ella, was taken to UMASS Medical Center, where she is reported as "doing well". The correct charges against Leeann Rickheit are as yet hazy as state and neighborhood police explore. (more...)
IMI plc (LON:IMI) has analysts on the Bullish side this week IMI plc (LON:IMI) has analysts on the Bullish side this week
- August 11, 2017

LEVINSON ARTHUR D sold 35,000 shares worth $5.39 million. At And T Inc now has $240.14 billion valuation. Neely Rick sold $1,168 worth of stock. About 1.38 million shares traded or 77.08% up from the average. The firm has "Neutral" rating given on Thursday, September 24 by Macquarie Research. The stock of Universal Health Services, Inc. RBC Capital Markets maintained it with "Buy" rating and $16800 target in Monday, June 26 report. (more...)
Chicago to sue Trump Justice Dept. over funding threat, mayor says Chicago to sue Trump Justice Dept. over funding threat, mayor says
- August 08, 2017

Emanuel is suing because he says new rules for a federal crime-fighting grant go against the Constitution and the city's values. A 161-page report by the Department of Justice released January 13 concluded that the department must embrace community policing as "a core philosophy" in order to end officers' routine violations of the civil rights of residents by using excessive force caused by poor training and nonexistent supervision. (more...)
Toyota, Mazda to build $1.6B plant in US Toyota, Mazda to build $1.6B plant in US
- August 05, 2017

A new Mazda SUV crossover will also be made at the new United States factory, with the two companies hoping production will begin in 2021. When it comes to technology collaboration, Mazda and Toyota say they will jointly develop electric cars. (more...)
Michael Alan Spencer Acquires 419169 Shares of NEX Group PLC (NXG) Stock Michael Alan Spencer Acquires 419169 Shares of NEX Group PLC (NXG) Stock
- August 04, 2017

The firm earned "Underperform" rating on Friday, July 21 by Credit Suisse. The firm earned "Sell" rating on Friday, January 8 by Canaccord Genuity. The company was maintained on Wednesday, September 14 by Goldman Sachs. $544,810 worth of stock was sold by McKay John D on Monday, June 5. The company was maintained on Tuesday, December 6 by Peel Hunt. 49 Consolidated Edison, Inc. (more...)
Qatar Airways drops bid to buy stake in American Qatar Airways drops bid to buy stake in American
- August 03, 2017

In a statement on Wednesday, Qatar said, "Further review of the proposed financial investment, taking into account the latest public disclosure of American Airlines , has demonstrated that the investment no longer meets our objectives". However, in another twist late on Wednesday (2 August), Qatar Airways said it was reversing its decision to build a stake in the U.S. carrier. A Qatar Airways plane is pictured. (more...)
RBI cuts key lending rates by 25 basis points RBI cuts key lending rates by 25 basis points
- August 03, 2017

The actual rate of home loan interest can be equal to the MCLR or have a "markup" or "spread" but can never be lower than the MCLR. Under the current scenario, an industry official said that banks with surplus liquidity would have to first take a decision on a reduction in deposit rates, which will bring down their average cost of funds. (more...)
Reserve Bank of Australia holds at record low 1.5% as expected Reserve Bank of Australia holds at record low 1.5% as expected
- August 03, 2017

Central bankers all around the world are in a Machiavellian-style battle to keep their own currencies lower in order to boost competitiveness and inflation , while avoiding a Keynesian liquidity trap where monetary policy via lower rates fails to stimulate demand as intended. (more...)
Explorer sales rose 12.9 percent in July Explorer sales rose 12.9 percent in July
- August 03, 2017

After seven years of US auto sales growth, this year's persistent slump - and anxiety over upheavals from electrification, autonomy and mobility services - has investors shunning automakers as benchmark stock indexes graze record highs. Ford also cut fleet sales by 26 percent, and had to stop sales of its Transit commercial van for a few weeks for a recall. Sales of mid-size cars are expected to fall 14.5 percent in July, compared to a year ago, and compact sedans to fall 10.6 percent, USA ... (more...)
It's official: Bitcoin is splitting in two It's official: Bitcoin is splitting in two
- August 02, 2017

This was demonstrated on Tuesday when Bitcoin , the oldest decentralised currency, faced a hard fork . Following months of speculation and shifts in sentiment towards the various protocols proposed by members of the Bitcoin community with most to lose, judgement day has finally arrived as the Bitcoin world prepares for the launch of Bitcoin Cash . (more...)
Wisconsin used full-court press to win $10 billion Foxconn project Wisconsin used full-court press to win $10 billion Foxconn project
- July 31, 2017

President Donald Trump is holding a press conference to announce a major development in his vow to bring jobs back to American soil. Trump's plans for health care and tax cuts face an uncertain future in Congress, and his administration is bogged down by an investigation into Russia's possible ties with his presidential campaign. (more...)
AK Steel Holding Corporation (AKS): Start Paying Attention to Revised Ratings AK Steel Holding Corporation (AKS): Start Paying Attention to Revised Ratings
- July 30, 2017

P.R. Herzig & Co. News headlines about Timken Steel Corporation (NYSE:TMST) have trended positive this week, Accern Sentiment reports. The company's 5 year Earnings per share growth and Capital Spending growth remains at 0 and -15.49. During the trading day, the stock price fluctuated between $5.94 and $6.18. The stock was acquired at an average price of $19.96 per share, for a total transaction of $199,600.00. (more...)
Iranians: US Navy ship fired warning flares in Persian Gulf Iranians: US Navy ship fired warning flares in Persian Gulf
- July 30, 2017

According to the press release, the incident happened Friday afternoon between the aircraft carrier Nimitz and the ships accompanying it with a side and frigates, iranian-equipped missiles of the other. The vessel belonged to the Revolutionary Guard, the statement said, adding that it stopped its unsafe approach after the warning shots were fired. In a similar incident on Tuesday, the USS Thunderbolt fired warning shots at Iranian navy boats operating in the Persian Gulf. (more...)
Tesla is focused on Model 3 production challenges at launch Tesla is focused on Model 3 production challenges at launch
- July 30, 2017

After showing the clip, Musk said the Volvo is arguably the second safest vehicle in the world, since the Model 3 took less damage in the same crash test. "We are going to go through at least six months of manufacturing hell", he said. Tesla is looking to ramp up production quickly between now and the end of 2017, with 5,000 vehicles rolling off the assembly each week by December. (more...)
FDA Proposes Less Nicotine In Cigarettes To Fight Addiction FDA Proposes Less Nicotine In Cigarettes To Fight Addiction
- July 29, 2017

The FDA has had the power since 2009 to regulate nicotine levels but hasn't done so. "We are well prepared and look forward to participating in a thorough process to develop a comprehensive plan for tobacco and nicotine regulation". US smoking rates have been falling for decades. There are obstacles to the plan, however, including figuring out to deal with the people now addicted to nicotine and finding the best ways to prevent people from smoking far more cigarettes in order to get the ... (more...)
Japan Imposes Emergency Tariffs On Imports Of US Frozen Beef Japan Imposes Emergency Tariffs On Imports Of US Frozen Beef
- July 29, 2017

Finance Minister Taro Aso said the government is going to explain the move to the U.S. and other countries. Tariffs on frozen beef from the affected regions will be raised from the current 38.5 percent to 50 percent from August 1, 2017 to March 31, 2018, according to the government. (more...)
Twitter adds no users in Q2 Twitter adds no users in Q2
- July 28, 2017

In the third quarter, Twitter expects adjusted earnings before interest, tax, depreciation, and amortization of $130 million to $150 million, but the company has a long way to go to convince investors that it has found a path to sustainable long-term growth. (more...)