Finance


Tiger Woods adds another start in Tampa to pre-Masters run Tiger Woods adds another start in Tampa to pre-Masters run
- March 04, 2018

The 42-year-old may be making his debut in the Valspar Championship but has a great record at the Arnold Palmer Invitational. This will be the first time Woods, working his way back after a fourth back surgery, has played in the PGA Tour's annual stop in Pinellas County, though he played at Innisbrook when the course hosted the JCPenney Classic, a mixed-team event, in the 1990s. (more...)
Toys R Us slashes prices as closing-down sale begins Toys R Us slashes prices as closing-down sale begins
- March 04, 2018

Maplin has 217 stores in the United Kingdom, including one on the same part of Chester Retail Park as Toys R Us, and PwC is still attempting to find a buyer for the group. "Mothercare must be looking over its shoulder with concern as there are some parallels with Toys R Us". All of the stock is now subject to clearance discounts and other special promotions across every store. (more...)
Dollar treads water as all eyes turn to Fed's Powell Dollar treads water as all eyes turn to Fed's Powell
- March 03, 2018

Powell's appearance before the House panel is his first as Fed chief. Economists polled by Reuters expect the core PCE to increase 1.5 percent year-on-year in January, which would be the same as December's pace and still some way off from the Fed's 2 percent target. (more...)
Bank of England chief calls for cryptocurrency regulation Bank of England chief calls for cryptocurrency regulation
- March 03, 2018

However, it has sold off significantly in 2018 and now sits at around half its value at December previous year. The chief executive of the UK's Financial Conduct Authority , Andrew Bailey, warned in December that people who invest in Bitcoin needed to be prepared to lose all their money given its extreme volatility and questionable fundamental value. (more...)
IEA: Nigeria's Rising Crude Oil Output Balanced OPEC Production in January IEA: Nigeria's Rising Crude Oil Output Balanced OPEC Production in January
- March 02, 2018

According to JBC Energy GmbH , new projects in the North Sea coming on stream this year will increase the U.K.'s crude output above 1 million barrels a day , and that on a net trade basis this amount will soon allow overseas sales to overtake imports. (more...)
Weather week ahead: Rain gone until the end of the weekend Weather week ahead: Rain gone until the end of the weekend
- March 02, 2018

Not bad for the first weekend of March. The pattern will remain unsettled as a strong storm move across the mid-section of the country through Wednesday. This can sometimes produce spin in the atmosphere that could lead to a brief weak tornado as well. Sun gave way to clouds today with rain developing by late afternoon. (more...)
Here's Why Warren Buffett Has 'Bought More Apple Than Anything Else' Here's Why Warren Buffett Has 'Bought More Apple Than Anything Else'
- March 02, 2018

In his annual letter to Berkshire Hathaway Inc's shareholders on Saturday, the company's chief executive officer and billionaire investor, Warren Buffett , announced that the company's profit for the year 2017 surged, boosted by USD29.1 billion gain related to U.S. (more...)
Empowering women is empowering entire household: PM Modi Empowering women is empowering entire household: PM Modi
- February 26, 2018

Modi said the initiative, a dream project of Jayalalithaa's , would go a long way in empowering women - the key, he pointed out, to empowering households. These included 'thalikku thangam,'(gold for mangalsutra) for women beneficiaries, free milch cow and goats, free of cost computers for students and new colleges for the uplift of rural students. (more...)
These Companies Are Done With the NRA These Companies Are Done With the NRA
- February 25, 2018

Companies like Hertz don't have that much power, of course, and this week's measures are aimed only at the NRA, which, with its increasingly unhinged platform, is doing much to isolate itself from the mainstream. Several companies in the USA have ended long-held customer discounts for National Rifle Association members following the Florida massacre. The insurance firm Chubb said it had already stopped underwriting an NRA-branded insurance policy as of three months ago. (more...)
Several of BB&T's banking services unavailable due to technical issue Several of BB&T's banking services unavailable due to technical issue
- February 25, 2018

He said as systems come back online, the bank is telling clients that some information they're seeing in their accounts has not yet been fully updated from Thursday. An outage map showed the biggest repercussions were being felt in Charlotte, the Triad and the Triangle, as well as in Atlanta, Washington , Maryland and Philadelphia. (more...)
Manafort, Gates indicted on new tax and bank fraud charges Manafort, Gates indicted on new tax and bank fraud charges
- February 23, 2018

According to NBC, bank executives raised questions about the loans, and at least one employee who felt pressured to approve the loans is cooperating with the special counsel's office. Manafort, who was Trump's campaign manager for nearly five months in 2016, and Gates, who was deputy campaign manager, pleaded not guilty a year ago to Mueller's charges. (more...)
Rite Aid surges on Albertsons merger plan Rite Aid surges on Albertsons merger plan
- February 23, 2018

Rite Aid Corporation (NYSE: RAD ) is worth US$2.29 Billion and has recently risen 3.29% to US$2.2. Want to see what other hedge funds are holding RAD? Highfields Capital Management Lp acquired 25.00M shares as Rite Aid Corp (RAD)'s stock declined 41.75%. (more...)
AT&T Selects Three Cities To Roll Out Its 5G Services First AT&T Selects Three Cities To Roll Out Its 5G Services First
- February 22, 2018

Again, AT&T said back in January that they would have 5G in up to a dozen markets before the end of the year. The lab also has an outdoor 5G testbed to trial 5G apps and real-world use cases. "We're committed to learning how 5G technologies can help transform businesses". AT&T has recently posted a press release about its plan to offer 5G to consumers in a number of cities in the US. (more...)
Uber Express Pool is like a minibus with cheaper rides Uber Express Pool is like a minibus with cheaper rides
- February 22, 2018

But ultimately, Uber thinks that many riders will prefer opting to walk a bit and wait a bit, since the goal is to ultimately save everyone involved time and frustration. Pool users are typically picked up and dropped off along looping routes with changing arrival times. Rides cost between $3 and $4, which can be up to 75 percent cheaper than a regular Lyft. (more...)
Amazon gives Prime members perk at Whole Foods Amazon gives Prime members perk at Whole Foods
- February 21, 2018

Everywhere else you will get one percent back. Whole Foods customers are reaping the benefits of Amazon's $14 billion acquisition of the organic-food store chain in 2017. The company also added hundreds of Whole Foods items to Amazon Fresh, the home grocery delivery service launched some ten years back. The e-commerce giant announced last week that it will offer free two-hour delivery of Whole Foods groceries in four USA cities. (more...)
Oil climbs above $62 amid producer promises to support markets Oil climbs above $62 amid producer promises to support markets
- February 21, 2018

MCX Crude oil futures ended up 0.82% at Rs 3940 per barrel in last session. The rising US crude output, however, continued to weigh on the market. This marked the first time since June that drillers added rigs for four consecutive weeks. Money managers slashed their bullish bets on Brent crude futures by the most in almost eight months in the week to February 13, InterContinental Exchange data showed. (more...)
Uber to introduce service across Japan by around 2020: CEO Uber to introduce service across Japan by around 2020: CEO
- February 20, 2018

In response to Uber's plans to expand to Japan, Sony announced a partnership with multiple taxi companies to help it enter the ride-hailing business. Sony adds the intention is for the AI system to be ready in the Spring of 2018, to provide an online based ride-hailing service with the firms mentioned, across Tokyo . (more...)
PNB fraud: UCO Bank says has $411.82 mn outstanding exposure PNB fraud: UCO Bank says has $411.82 mn outstanding exposure
- February 18, 2018

Despite being a member of the BJP-led governments in Maharashtra and at the Centre, the Sena has been critical of the Modi government over several of its policy decisions. The Income-Tax Department attached 29 properties and 105 bank accounts of Modi, his family and companies, said officials, adding he has been booked under the new anti-black money act for alleged possession of illegal assets overseas. (more...)
Beer Institute condemns Department of Commerce's aluminum tariff recommendations Beer Institute condemns Department of Commerce's aluminum tariff recommendations
- February 17, 2018

On Friday, Commerce Secretary Wilbur Ross reported that steel is in fact important to US national security and current import flows are adversely impacting the steel industry. The measures would be in addition to any duties now in place. Senator Pat Toomey cautioned the president to proceed cautiously under Section 232 for national security reasons, arguing that USA defense needs account for only about 3 percent of domestic steel consumption. (more...)
FCC IG Agreed to Investigate Pai Handling of Sinclair-Tribune FCC IG Agreed to Investigate Pai Handling of Sinclair-Tribune
- February 17, 2018

He said he was appreciative to the FCC's inspector general that he has thought of taking up this vital investigation. Specifically, the panel has removed impediments to the company's plans to purchase Tribune Media; an acquisition that would give the broadcaster access to roughly three-quarters of U.S. (more...)
Wall St opens higher, eyeing 5th day of gains Wall St opens higher, eyeing 5th day of gains
- February 16, 2018

Industrial companies were also higher. Energy companies continued to struggle. Stocks are still well below the record highs they set three weeks ago. A staggering $20.38 billion has departed SPY this month, more than the combined inflows to February's top 10 asset-gathering ETFs combined - but investors should not blame rising interest rates and surging Treasury yields for the recent weakness in US stocks. (more...)
Oil slips below $64 as USA output, higher inventories weigh Oil slips below $64 as USA output, higher inventories weigh
- February 16, 2018

US crude was up 58 cents at $61.18. Brent crude, the global benchmark, rose 32 cents to$64.68 as of 0943 GMT, extending the previous session's gain of $1.64. The kingdom will keep its crude exports below 7 million barrels per day (bpd) in March, despite a maintenance shutdown of the 400,000 bpd SAMREF refinery, the Saudi energy ministry said, confirming a plan given earlier by industry sources. (more...)
Three British people killed in helicopter crash at the Grand Canyon Three British people killed in helicopter crash at the Grand Canyon
- February 15, 2018

The Federal Aviation Administration is also investigating the incident, according to FAA representative Allen Kenitzer. "We are providing support to the families of six British visitors involved in a helicopter accident at the Grand Canyon on February 10, and we are in close with the USA emergency services", a Foreign Office spokeswoman said. (more...)
Futures sink as strong inflation data raises rate hike fears Futures sink as strong inflation data raises rate hike fears
- February 14, 2018

The futures were higher by about 0.5 percent ahead of the inflation data released at 8:30 a.m. ET. It hit a four-year high of 2.902 percent on Monday. motor vehicles -1.3%); two, January may be a "pause to refresh" after a gangbusters 4Q. After rising strongly since the middle of 2016, food price inflation now appears to be slowing. (more...)
Syria: US forces conducts air strikes against pro-government forces Syria: US forces conducts air strikes against pro-government forces
- February 12, 2018

While Washington's mission is to finish off IS and ensure it does not return, the US also has a stake in stabilizing swaths of Syria. Keeping U.S. forces on the ground in areas that President Bashar Assad's government hopes to reclaim inherently increases the probability of more clashes. (more...)
Freezing rain expect Sunday, Environment Canada Freezing rain expect Sunday, Environment Canada
- February 12, 2018

Roughly 2-5 centimeters (0.8-2.0 inches) accumulation is expected before the weather switches over to freezing rain in the afternoon. Parts of Quebec, including Montreal, are in for several hours of freezing rain, making travel hard and unsafe. (more...)
Toyota Tacoma TRD Pro Unveiled at the Chicago Auto Show Toyota Tacoma TRD Pro Unveiled at the Chicago Auto Show
- February 11, 2018

The 2019 Tacoma TRD Pro is now fitted with more under armor than a gym-obsessed crossfitter, in addition to a cat-back TRD exhaust system, 16-inch TRD Pro wheels in an offset that provides a 1-inch wider track, and more TRD badges than a Toyota showroom. (more...)
HK double-decker topples over, killing 18 HK double-decker topples over, killing 18
- February 11, 2018

Reuters reported the roof of the bus was cut off to rescue passengers. According to CNN , images from the scene show the bus on its side with its top apparently torn off. "People fell on one another and got tossed from side to side". The fire brigade responded at 6.15pm local time . One passenger was sent to Prince of Wales Hospital in Sha Tin in a "half-conscious" state, according to the force. (more...)
Qualcomm rejects Broadcom's increased offer of $121 billion Dollars Qualcomm rejects Broadcom's increased offer of $121 billion Dollars
- February 10, 2018

However, Qualcomm's notice ended on a positive note, saying the company is ready to continue negotiations, to see if Broadcom can "address serious deficiencies in value and certainty". But suppose the deal actually happens, it remains unclear whether it will even go through. According to the FT , the deal will also likely fend off a hostile takeover bid from semiconductor giant Broadcom . (more...)
Aust man caught in global fraud bust Aust man caught in global fraud bust
- February 09, 2018

The operation to arrest the 13 was carried out by police in Australia, the UK, France, Italy, Kosovo and Serbia. In a statement , United States investigators claimed the accused were taking part in a massive operation known as the Infraud Organization, which stole and then sold other people's personal information, including credit card and banking information. (more...)
BP disappoints City despite surge in profits BP disappoints City despite surge in profits
- February 07, 2018

Including a net charge for non-operating items of USD3.31 billion and net adverse fair value accounting effects, RC profit was USD2.76 billion compared to a loss of USD999.0 million in 2016. "It is important for us, there is no doubt we will increase investments", Dudley, himself a USA citizen, said in an analyst call after BP reported a surge in profits in 2017. (more...)
Five Myths About the Nuclear Posture Review Five Myths About the Nuclear Posture Review
- February 04, 2018

But rather than laying out a plan to halt this slide into a more unsafe world and working to decrease reliance on nuclear weapons , the Nuclear Posture Review (NPR) hastens its rise by accepting the reasoning of USA adversaries and affirmatively embracing nuclear competition. (more...)
Black Unemployment Spikes, Complicating Trump's State Of The Union Boast Black Unemployment Spikes, Complicating Trump's State Of The Union Boast
- February 03, 2018

Critics of the president have pointed to the fact that the sharp decline in African-American unemployment began under former President Barack Obama , suggesting Trump may be taking credit for the past administration's work. "I frankly believe there's black unemployment, and black unemployment among young African-American men, who need more than praise about unemployment". (more...)
Sensex tanks almost 500 points, Nifty below 10900 on LTCG tax woes Sensex tanks almost 500 points, Nifty below 10900 on LTCG tax woes
- February 03, 2018

The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading 46.25 points or 0.42 per cent higher at 11,073.95 points. The index had retreated from its lifetime high by falling 249.52 points in the previous session. Meanwhile, domestic institutional investors (DIIs) sold shares worth Rs 358.50 crore, while foreign portfolio investors net bought shares worth Rs 1,099.780 crore yesterday, as per provisional data. (more...)
OPEC January oil output rises despite Venezuelan decline OPEC January oil output rises despite Venezuelan decline
- February 02, 2018

OPEC is reducing output by about 1.2 million bpd as part of a deal with Russian Federation and other non-OPEC producers. With the oil market much more precariously balanced than it was just six months ago, geopolitical events and supply outages are having a much more profound impact on the oil market. (more...)
Boeing set to lead Wall St higher after two-day slump Boeing set to lead Wall St higher after two-day slump
- February 02, 2018

Leading indices in Europe and Asia also closed deep in the red. Anthem's strong results and forecast sent its shares up 1.5 percent and also boosted other health insurers , a day after the group and other health stocks were hit by news of Amazon's healthcare plans. (more...)
Younkers to close at Fox River Mall Younkers to close at Fox River Mall
- February 01, 2018

The company plans to close six other stores in IL, including Carson's outlets in Aurora, Chicago, Danville, DeKalb, Morton Grove and Schaumburg. The stores in Anderson, Columbus, Elkhart and Marion will also close up shop. The 100,000-square-foot Younkers was one of two anchor stores - the other is J.C. Penney - that remained in business after Frew Development Group took over the property. (more...)
Blackstone in 'advanced talks' to buy $17bn stake in Thomson Reuters unit Blackstone in 'advanced talks' to buy $17bn stake in Thomson Reuters unit
- January 31, 2018

The company gave no more details. Thomson Reuters has confirmed the discussions but has not commented beyond that. Blackstone shares were down just over 1 percent in light volume. Woodbridge, the investment vehicle of Canada's Thomson family and Thomson Reuters principal shareholder, will participate in the bid/tender offer. The financial and risk business faces challenges from cost-cutting among clients, including over a trend towards passive investing, weak investment-banking results and ... (more...)
CEO of surfing brand Quiksilver missing off French coast CEO of surfing brand Quiksilver missing off French coast
- January 31, 2018

Three helicopters and two boats have been sent out in search of the 54-year-old. News reports said Agnes, 54, went fishing early Tuesday and went missing later that day when his empty boat washed ashore near Hossegor , 100 miles south of Bordeaux and 25 miles north of Biarritz, in hard waters and foggy conditions. (more...)
Huge emotional support peacock not allowed on flight Huge emotional support peacock not allowed on flight
- January 31, 2018

And now United Airlines is drawing media attention for telling a female passenger that she could not bring her emotional support animal onto a flight out of Newark - even though the passenger said she actually purchased a separate ticket for her companion. (more...)
Lockheed Martin Corporation (NYSE:LMT) Gaining Traction, Up 3.89% For The Week Lockheed Martin Corporation (NYSE:LMT) Gaining Traction, Up 3.89% For The Week
- January 30, 2018

The stock has "Hold" rating by S&P Research on Monday, September 14. The firm has "Buy" rating by Buckingham Research given on Thursday, October 5. The firm earned "Hold" rating on Monday, June 12 by Jefferies. Acropolis Inv Mgmt Ltd Liability Co stated it has 0.24% in Lockheed Martin Corporation (NYSE: LMT ). 1,180 are owned by Dixon Hubard Feinour & Brown Va. (more...)
Facebook introduces increased privacy settings ahead of strict European Union law Facebook introduces increased privacy settings ahead of strict European Union law
- January 30, 2018

All privacy settings will be in one place, said Facebook, which also published a set of privacy "principles". We're designing this based on feedback from people, policymakers and privacy experts around the world. We give you control of your privacy. "We recognize that people use Facebook to connect, but not everyone wants to share everything with everyone - including with us". (more...)
Man charged over triple loss of life crash Man charged over triple loss of life crash
- January 30, 2018

Two were aged 16 and one was 17. The 28-year-old was detained by members of the public before the police arrived, according to witnesses. Police said the teenagers all died at the scene after they were hit by a black Audi auto near an Esso petrol station in Hayes at about 8.41 p.m. (more...)
Elon Musk sells US$5M in flamethrowers to fund tunnel company Elon Musk sells US$5M in flamethrowers to fund tunnel company
- January 30, 2018

Mr Musk announced via Twitter on Sunday (local time) his infrastructure firm, The Boring Company , had begun selling high-tech flamethrowers . In addition to the flamethrower, a Boring Company fire extinguisher can be added on to the pre-order for $30 more. (more...)
United States panel rejects Philip Morris claim iQOS reduces disease risk United States panel rejects Philip Morris claim iQOS reduces disease risk
- January 29, 2018

The Tobacco Products Scientific Advisory Committee ruled the company's smoke-free tobacco delivery device IQOS should not be allowed to be marketed as being less harmful than continuing to smoke cigarettes. IQOS is said to come somewhere between trendy vaping products and traditional cigarettes on the scale of harm. It requires FDA approval to sell iQOS in the U.S. (more...)
Wikileaks founder Julian Assange asks London court to drop United Kingdom arrest warrant Wikileaks founder Julian Assange asks London court to drop United Kingdom arrest warrant
- January 28, 2018

Assange's lawyer, Mark Summers, told the court the warrant has "lost its objective and function" now he is no longer wanted by Swedish authorities over sexual assault allegations. history. "We say it's lost its goal and its function", he said. His lawyers argue the only thing stopping him going to Ecuador is the arrest warrant issued for jumping bail. (more...)
European Central Bank takes swipe at USA for breaking agreement not to stir currencies European Central Bank takes swipe at USA for breaking agreement not to stir currencies
- January 28, 2018

Later, Draghi made it clear that he does not expect the bank to change interest rates in 2018, saying: "Based on today's data I can see very few chances that interest rates could be raised at all this year". "Measures of underlying inflation remain subdued, in part owing to special factors, and have yet to show convincing signs of a sustained upward trend". (more...)
Markets Right Now: US stocks turn broadly higher at midday Markets Right Now: US stocks turn broadly higher at midday
- January 28, 2018

Gross domestic product increased at a 2.6 percent annual rate in the fourth quarter, the Commerce Department said in its advance GDP report. Intel's (INTC.O) shares surged as high as $50.15, their highest level since October 2000, and closed up 10.55 percent at $50.08 after results indicated that the chipmaker's shift to higher-margin data-center business was working. (more...)
Coincheck Hot Wallet Hack Largest On Record: $530M In Crypto Coins Stolen Coincheck Hot Wallet Hack Largest On Record: $530M In Crypto Coins Stolen
- January 27, 2018

During a press conference Friday, Coincheck executives indicated customers would be compensated for their stolen crypto, though it is unclear at this time whether they would be fully reimbursed. Cryptocurrency exchanges are prime targets for criminal activity right now, especially since bitcoin rose to exponential heights at the end of a year ago. (more...)
Recapitalization riders bring down PSU bank stocks Recapitalization riders bring down PSU bank stocks
- January 26, 2018

The Modi government has begun acting on its announcement previous year of giving Rs. 2.1 lakh crore to recapitalise public sector banks. Another Rs 10,312 crores funds will be raised from the market for the current fiscal, taking the total capital inflows to around Rs 1 lakh crores in 2017-18. (more...)