Business


US Consumer Prices Inch Up Less Than Expected In July US Consumer Prices Inch Up Less Than Expected In July
- August 11, 2017

Lately, core PCE hasn't been tracking as much below core CPI as it had earlier, so we're not necessarily miles below the 2% core PCE objective. Prices for apparel rose 0.3 per cent after four straight months of declines. Fed Chair Janet Yellen told Congress last month that she believes tight labour markets will start producing higher wage gains and increased inflation. (more...)
Swiss franc surges as Korea tensions rise
- August 11, 2017

A lot of it (the rally) is due to the risk premium", said Gan. Jonathan Ernst / Reuters U.S. President Donald Trump speaks about North Korea during an opioid-related briefing at Trump's golf estate in Bedminster, New Jersey, U.S., August 8. (more...)
Ramil Guliyev beats Wayde van Niekerk to win dramatic 200m Ramil Guliyev beats Wayde van Niekerk to win dramatic 200m
- August 11, 2017

But the South African was seen shedding tears in a video interview with the BBC afterwards, and was later quoted by AFP as saying that it had been a "tough week". Makwala wrote on his Facebook page that other athletes were also hit by the bug. "Who is behind this?" Van Niekerk certainly has impressive credentials. (more...)
Edinburgh and Glasgow airports record busiest months Edinburgh and Glasgow airports record busiest months
- August 11, 2017

The findings are detailed in a report by the CAA that assesses the top 30 United Kingdom airports on the quality of support they provide for passengers who need it. "We also directly engaged with the disabled community, holding an accessibility open day in February this year to discuss our services and hear from users and people with lived experience". (more...)
Federal Realty Investment Trust (NYSE:FRT) Releases FY17 Earnings Guidance Federal Realty Investment Trust (NYSE:FRT) Releases FY17 Earnings Guidance
- August 11, 2017

It has underperformed by 95.82% the S&P500. The company has a consensus rating of "Hold" and an average target price of $100.63. During the same period in the prior year, the company posted $0.39 EPS. (NYSE:MHK) was released by: Prnewswire.com and their article: "Mohawk Industries, Inc. invita a sumarse a la teleconferencia del segundo ..." with publication date: July 07, 2017. (more...)
Rite Aid Corporation (NYSE:RAD) Shares Bought by State Street Corp
- August 11, 2017

At the end of Mar reporting period, 173 institutional holders increased their position in Rite Aid Corporation (NYSE:RAD) by some 83,635,455 shares, 216 decreased positions by 161,747,962 and 79 held positions by 337,529,618. Canada Pension Plan Invest Board invested in 0.04% or 1.32 million shares. About 13.08 million shares traded. Renaissance Group Inc Limited Com owns 56,658 shares or 2.79% of their United States portfolio. (more...)
Stocks plunge over North Korea tensions Stocks plunge over North Korea tensions
- August 11, 2017

The CBOE Volatility Index, the most widely followed barometer of expected near-term stock market volatility, closed at its highest in about a month. "If the market truly believed the North Korea reaction was imminent, I think it would be down a lot more than it is", said Alan Skrainka, chief investment officer at Cornerstone Wealth Management. (more...)
Pru prompts talk of break-up with M&G merger Pru prompts talk of break-up with M&G merger
- August 11, 2017

A statement from the company said that the investment and associated cost savings, will be shared between M&G, and Prudential UK&E's with-profits and shareholder businesses. The merger brings together FTSE 100-listed Prudential's UK & Europe operations, including its insurance, savings, advisory and retirement businesses, with M&G's asset management operation. (more...)
The 2018 Acura RLX Will Combine A V6 With Three Electric Motors The 2018 Acura RLX Will Combine A V6 With Three Electric Motors
- August 11, 2017

Ahead of its public debut during Monterey Car Week August 15-19, Acura has released images and preliminary information about the updated 2018 RLX. The base (nonhybrid) RLX now comes standard with Acura's Technology package, and the Sport Hybrid comes standard with the Advance package. (more...)
U.S. corn outturn down 7%, soybeans up 2% from 2016 U.S. corn outturn down 7%, soybeans up 2% from 2016
- August 11, 2017

The USDA production estimates "shocked the grain markets with corn yields beating trade estimates by about 3 bushels per acre and soybeans by nearly 2 bushels per acre", said Gilbertie. Analysts polls show wheat production is likely to be revised lower as well with all wheat production expected to fall from 1.76 billion bushels in July to 1.711 billion bushels in August. (more...)
Featured Stock Overview: Cedar Realty Trust, Inc. (CDR) Featured Stock Overview: Cedar Realty Trust, Inc. (CDR)
- August 11, 2017

WPX Energy had 74 analyst reports since July 21, 2015 according to SRatingsIntel. For the Current Quarter, the growth estimate for Cedar Realty Trust, Inc.is 100%, while for the Next Quarter the stock growth estimate is 160%. The California-based Rbf Capital Llc has invested 0.6% in the stock. GRPN's SI was 36.02M shares in July as released by FINRA. Revenue is the amount of money that a company actually receives during a specific period, including discounts and deductions for returned ... (more...)
Venkaiah Naidu, Hamid Ansari spar on 'unease of minorities' Venkaiah Naidu, Hamid Ansari spar on 'unease of minorities'
- August 11, 2017

He concluded by thanking the members, staff and Secretary-General Shumsher Sharief for their cooperation. Prime Minister Narendra Modi today said it is a tribute to the Indian democracy that people rise from humble and rural backgrounds to the highest constitutional positions, as he joined members of Rajya sabha in welcoming M Venkaiah Naidu as the Chairman of the House. (more...)
RBI to transfer Rs 30659 crore surplus to government RBI to transfer Rs 30659 crore surplus to government
- August 11, 2017

The decline means the government could have a hard time meeting its fiscal deficit target of 3.2% for the year ending in March, reported Reuters . The Central Government, last year, in a bid to defunct illegal money, scrapped high currency notes, belonging to denomination of Rs 500 and Rs 1000, which paved the way for potential surplus transfer from the RBI due to demonetisation. (more...)
Asian markets stabilise as Tillerson seeks to ease tensions
- August 11, 2017

The dollar was down 1.2 percent at 0.9627 Swiss francs, while an ounce of gold was 1 percent higher at $1,275. Even so, the close was the highest in a month. Earlier, the dollar slipped as low as 108.91 yen, its weakest level since June 14, when the greenback fell as low as 108.81 yen. The dollar weakened against the yen, which is often sought in times of geopolitical tension. (more...)
Craig Hallum Reaffirms "Buy" Rating for Lumentum Holdings Inc. (NASDAQ:LITE)
- August 11, 2017

Stifel Nicolaus maintained Lumentum Holdings Inc (NASDAQ:LITE) on Monday, July 24 with "Buy" rating. Zacks Investment Research downgraded Lumentum Holdings from a "hold" rating to a "strong sell" rating in a research report on Tuesday, May 23rd. (more...)
Donald Glover Didn't Need to Do Any Research for 'Star Wars' Donald Glover Didn't Need to Do Any Research for 'Star Wars'
- August 11, 2017

Information on the Star Wars anthology remains scarce and locked down, but Howard did reveal in July that Warwick Davis, who portrayed the Ewok Wicket in Star Wars Episode VI: Return of the Jedi , has been cast in the film, with Howard directing the actor for the first time in nearly thirty years since their work together on Lucasfilm's Willow . (more...)
Cone Midstream Partners LP (CNNX) Given Consensus Rating of "Hold" by Analysts
- August 11, 2017

The firm has "Buy" rating by Canaccord Genuity given on Tuesday, August 25. FBR Capital initiated the shares of ENLK in report on Friday, September 9 with "Outperform" rating. A month ago, analyst EPS consensus estimated earnings of US$0.27 per share. The stock rose 0.15% or $0.11 reaching $76.36 per share. Ameritas Invest Inc reported 1,400 shares. (more...)
Plains Group Holdings, LP Cla (PAGP) Reaches 52-Week High Plains Group Holdings, LP Cla (PAGP) Reaches 52-Week High
- August 11, 2017

Lucas Mgmt has invested 1.27% in Plains All American Pipeline, L.P. (NYSE: PAA ). The stock has "Neutral" rating by Credit Suisse on Thursday, November 5. Following the acquisition, the chairman now directly owns 525,625 shares of the company's stock, valued at $14,528,275. Tortoise Capital Advisors Llc who had been investing in Plains All Amern Pipeline L for a number of months, seems to be bullish on the $15.65 billion market cap company. (more...)
Asian stocks mostly lower on growing unease over North Korea Asian stocks mostly lower on growing unease over North Korea
- August 11, 2017

Weakness in U.S. Treasury yields may also be supporting the yen. "Despite the increase in tensions, we still believe that a U.S. strike on North Korea is unlikely, as the notion appears to lack the support of top USA political and military leaders, owing to the dangers of triggering a new war in North East Asia that could devastate South Korea and drag in Japan and China", BMI said . (more...)
Teva Pharmaceutical Industries Limited Teva Pharmaceutical Industries Limited
- August 11, 2017

The company now expects 2017 revenue of $11.5 billion to $12.5 billion, compared with the FactSet consensus of $12.4 billion, and 2017 adjusted earnings-per-share of $4.30 to $4.70, below the FactSet consensus of $5.13. Investors watching recent action on shares of Ritchie Bros. Bowling Portfolio Management owns 0.21% invested in PepsiCo, Inc. (NYSE:PEP) earned "Buy" rating by Credit Suisse on Friday, April 28. (more...)
United States stocks retreat on escalating North Korean tensions United States stocks retreat on escalating North Korean tensions
- August 11, 2017

Currency traders consolidated positions in the Japanese yen and Swiss franc, and pushed up the dollar index by unwinding some of the recent big bets on the euro. A U.S. Navy destroyer sailed within 12 nautical miles of an artificial island built up by China in a challenge to Beijing's territorial claims, officials told Reuters. (more...)
Stocks close a bit lower
- August 11, 2017

North Korea responded by saying it may fire a missile toward the U.S. territory of Guam. In 3.28pm trading in NY, the Dow Jones Industrial Average fell 0.15 percent, while the Nasdaq Composite Index declined 0.18 percent. Overseas markets were also lower Wednesday. Retail results are also on investors' mind as the second-quarter earning season winds down. Shares of Blue Apron Holdings fell $1.10, or 18%, to $5.14 - its lowest close ever - after the company cited rising costs and ... (more...)
Gulfport Energy Corporation (GPOR) Position Decreased by Timessquare Capital Management, LLC
- August 11, 2017

Analysts expect next quarter's EPS will be $0.38 with next year's EPS projected to be $1.45. During the trading on 08/09/2017, Company's stock ranged from $11.82 to $11.40. Gulfport Energy Corporation has a 1-year low of $10.90 and a 1-year high of $30.47. Company shares last traded at $11.69 significantly lower than $13.39, the 50 day moving average and much lower than the 200 day moving average of $16.04. (more...)
Investor Center: Technicals in View For Horizons Active Global Fixed Income ETF
- August 11, 2017

However, many investors might get stuck waiting for a rebound that just isn't going to happen. As the next round of earnings reports start to come in, investors will be keeping a close watch to see which companies produce the largest surprises, both positive and negative. (more...)
Microsoft to release open source blockchain framework Microsoft to release open source blockchain framework
- August 11, 2017

Current blockchain protocol technology requires complicated development techniques to meet the operational and security needs of enterprises. Existing blockchain protocols also employ computationally intensive consensus algorithms, leading to poor scalability, with performance as slow as 10 to 20 transactions per second. (more...)
Earnings on the Doorstep For JC Penney Company, Inc Earnings on the Doorstep For JC Penney Company, Inc
- August 11, 2017

Cambridge Investment Research Advisors Inc. boosted its position in J.C. Penney Company, Inc. First Interstate State Bank holds 2,000 shares. Breaking that down further, it has performed -4.62% for the week, 13.16% for the month, -9.63% over the last quarter, -26.07% for the past half-year and -44.75% for this previous year. (more...)
Tata Motors, Skoda Auto, call off talks Tata Motors, Skoda Auto, call off talks
- August 11, 2017

VW commissioned Skoda to lead the talks and explore a possible entry-level auto platform using Tata's AMP vehicle platform. Talks had been going on since March on the possible joint venture. Tata has been trying to turn round its loss-making domestic business by modernizing its products, improving efficiency and streamlining its organization. (more...)
Gold Prices Hit 2-Month Highs, Defensive Demand Continues Gold Prices Hit 2-Month Highs, Defensive Demand Continues
- August 11, 2017

Apple ( AAPL.O ) was down 2.3 percent, weighing most on the index. The European single currency traded as low as 1.1719 overnight, a level it hasn't seen since July 28, before paring loses to around 1.1740 in early regional trading. The yield on the 10-year Treasury note slipped to 2.21 percent from 2.25 percent late Wednesday. THE QUOTE: While the tough talk about the potential for nuclear war is scary, investors have heard it many times before. (more...)
Global stocks slide as US-North Korea nuclear tensions rise Global stocks slide as US-North Korea nuclear tensions rise
- August 11, 2017

The mood then hit Europe, where Frankfurt's DAX dropped 1.1% and the CAC-40 in Paris fell 1.4%. "The fear trade, which is the gold trade, has helped buoy the Toronto Stock Exchange", said Allan Small, a senior investment advisor at Holliswealth. (more...)
USA bombers with Korea, Japan jets show ready to 'Fight Tonight' USA bombers with Korea, Japan jets show ready to 'Fight Tonight'
- August 11, 2017

The North Korean army said on Wednesday it was examining an operational plan for attacking Guam to contain the U.S. bases there, sending a shiver of fear through people living on the island. The U.S. military has said it plans to increase its presence on Guam and will move thousands of U.S. Marines now stationed in Japan to the island between 2024 and 2028. (more...)