Business


USA inflation fears send shares plummeting USA inflation fears send shares plummeting
- February 07, 2018

Since 2018 started, the local stock market has dropped by 3.7 percent, and has fallen by approximately $90 billion in two days. U.S. stocks are continuing to be dragged down by a fast rise in interest rates , with U.S. Charles Schwab market analyst Ben Le Brun said there was not even one stock on the Australian share market that opened stronger in the early stages of trading, following Wall Street's slump. (more...)
Credit Suisse Sets XIV Redemption Date After VIX Spike Credit Suisse Sets XIV Redemption Date After VIX Spike
- February 07, 2018

The decline has no "material impact" on the bank itself, Credit Suisse said last night; CS shares have opened lower along with the broader market. One product, called the VelocityShares Daily Inverse VIX Short-Term ETN , dropped 84 percent in after-hours trading on February 5., while another, the ProShares Short VIX Short-Term Futures ETF, fell almost 79 percent. (more...)
North Korea suspected of hacking Japanese crypto exchange North Korea suspected of hacking Japanese crypto exchange
- February 06, 2018

The arrival of the 9,600-ton Mangyongbong-92 raised questions about whether it had violated global sanctions against North Korea, whose vessels are banned from entering South Korean waters. North Korea also sent 22 athletes in three sports and five disciplines to play in the Olympic Games, including a unified women's ice hockey team with South Korea. (more...)
Pence heads to Olympics with stern message for North Korea Pence heads to Olympics with stern message for North Korea
- February 06, 2018

Pence and Aso have been heading each delegation in high-level economic dialogue between the United States and Japan. The main opposition Liberty Korea Party on Tuesday decried the government's decision to allow the entry of a North Korean ferry carrying an art troupe, warning it could weaken Seoul's sanctions for Pyongyang's past provocations. (more...)
The Walt Disney Company (DIS)- Hot Watch List After Analysts Reviews The Walt Disney Company (DIS)- Hot Watch List After Analysts Reviews
- February 06, 2018

Shares of Disney DIS dropped almost 1% in morning trading hours Tuesday, just hours before the media and entertainment conglomerate is scheduled to release its latest quarterly earnings report after the market closes . Cowen restated a "hold" rating and issued a $102.00 price objective on shares of Walt Disney in a research note on Monday. Everence Capital Mngmt holds 32,696 shares. (more...)
Coca-Cola (KO) Shares Cross Below 200 DMA Coca-Cola (KO) Shares Cross Below 200 DMA
- February 06, 2018

About 375,345 shares traded. W.W. Grainger, Inc. (NYSE:GWW) has declined 21.15% since February 6, 2017 and is downtrending. It has underperformed by 1.79% the S&P500. The stock of The Coca-Cola Company (NYSE:KO) earned "Hold" rating by Vetr on Monday, August 24. The firm earned "Buy" rating on Friday, February 5 by UBS. (more...)
Oil dips amid rout in stocks, bonds; dollar gains Oil dips amid rout in stocks, bonds; dollar gains
- February 06, 2018

China has granted crude oil import licenses to independent refineries in the country's northeast since 2015. Liquids production in China fell by 2 percent annually to 4.8 million bpd last year and is further expected to drop this year and next. (more...)
Global market sell-off: Here's what the experts are saying Global market sell-off: Here's what the experts are saying
- February 06, 2018

Stocks swung up and down after indexes started the session 2 percent lower, underscoring a return of volatility to a market that until recently had been known for the absence of such major shifts. Federal Reserve , is actively draining billions of dollars from the financial system and raising interest rates. "It was a massive reversal: almost 1,000 points on the Dow is mind-bending". (more...)
British American Tobacco plc (LSE:BATS) Company Valuation & Investor Review
- February 06, 2018

It has outperformed by 1.08% the S&P500. Jim Simons increased its stake in Simulations Plus Inc (SLP) by 6.87% based on its latest 2017Q3 regulatory filing with the SEC. Since August 16, 2017, it had 0 buys, and 8 insider sales for $41.44 million activity. A ratio over 1 indicates that the market is willing to pay more for the shares. (more...)
Girl Scout sells cookies outside weed dispensary Girl Scout sells cookies outside weed dispensary
- February 06, 2018

Bushan noted however that while hundreds of boxes sold in a few hours sounds impressive, within the cutthroat world of cookie-selling, good old-fashioned legwork is still hard to beat. Once they're approved Bushan says this would have been a major "no no" if the girl had a table on the door. Although selling cookies outside dispensaries are controversial, the LA Times reports chief communications officer from Girl Scouts of the USA Kelly Parisi said each region of Girl Scouts has its own ... (more...)
Waymo vs Uber: As the case opens, a convoy of allegations Waymo vs Uber: As the case opens, a convoy of allegations
- February 06, 2018

The first salvos were delivered to a 10-person jury in San Francisco federal court in a civil lawsuit that could help determine who emerges in the forefront of the autonomous vehicle business almost a year after Alphabet's self-driving auto unit sued rival Uber. (more...)
Can analysts adopt a bullish outlook for Myriad Genetics, Inc. (NASDAQ:MYGN)?
- February 06, 2018

Seattle Genetics, Inc . (NASDAQ:SGEN) has risen 75.68% since February 5, 2017 and is uptrending. It has underperformed by 65.21% the S&P500. "Richard Chilton decreased its stake in Carter" s Inc (CRI) by 39.14% based on its latest 2017Q3 regulatory filing with the SEC. (more...)
Britain's Lloyds Bank axes 930 jobs in latest cost drive Britain's Lloyds Bank axes 930 jobs in latest cost drive
- February 06, 2018

Lloyds Banking Group (LON:LLOY) opened at GBX 68.11 ($0.95) on Friday. Net profit margin of Lloyds Banking Group plc ( LYG ) was recorded at 20.2 percent, operating profit margin was 57.6 percent, while gross profit margin stands at 0 percent. (more...)
Budget 2018 : Who got most benefitted? Budget 2018 : Who got most benefitted?
- February 06, 2018

All I can say is that people have accepted the budget , " the Finance Minister said. Jaitley also said that in the second half of the ongoing fiscal 2018 that ends March 31, India expects to grow between 7.2 to 7.5 percent. In order to encourage employment and to give social security to the employee, the government took a far-reaching positive decision. In all major panchayats of the country, the decision to set up almost 1.5 lakh health wellness centres is commendable. (more...)
£250 million Tesco fraud trial discontinued after defendant suffers a heart attack £250 million Tesco fraud trial discontinued after defendant suffers a heart attack
- February 06, 2018

The judge dealing the trial, Deborah Taylor sent the jury home this Tuesday, suggesting it was not "right and proper" to continue with the prosecution while Rogberg is at the hospital waiting for a bypass surgery. It was discovered they had inflated Tesco's profits by about £250 million in 2014. The discovery of the overstatement led to Tesco's shares falling by 12pc, wiping £2bn off its market value. (more...)
Justin Timberlake - 'Man Of The Woods' | Album Stream Justin Timberlake - 'Man Of The Woods' | Album Stream
- February 06, 2018

As for the Prince estate, they released a statement suggesting that Timberlake had their backing, saying, " Justin Timberlake , the National Football League and the City of Minneapolis used the stadium and the city to give a lovely hometown tribute to Prince ". (more...)
What do Insider Trends Have to Say About Exxon Mobil Corporation (XOM)? What do Insider Trends Have to Say About Exxon Mobil Corporation (XOM)?
- February 06, 2018

Exxon Mobil Corporation (XOM ) stock directed -9.42% throughout last week and swapped -8.18% spot during past one month. It has underperformed by 9.10% the S&P500. Irving, Texas-based Exxon Mobil's fourth-quarter net income was $8.38 billion or $1.97 per share, up sharply from $1.68 billion or $0.41 per share in the prior-year quarter. (more...)
Authorites urged to react to Bitcoin bubble Authorites urged to react to Bitcoin bubble
- February 06, 2018

Carstens is the latest of a slew of global policymakers to speak out against digital currencies after their meteoric rise past year. While Bitcoin's developers pursue their goal of developing an alternative system of payment with no government involvement, this crypto-currency "has become a combination of a bubble, a Ponzi scheme and an environmental disaster", BIS General Manager Augustin Carstens warned in a lecture he delivered in Frankfurt. (more...)
Motorola Solutions, Inc. (MSI) stock forward in overbought space?
- February 06, 2018

The difference between the actual and Estimated EPS is $0.06. This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. sold 949,779 shares of the company's stock in a transaction on Wednesday, January 10th. Following the transaction, the executive vice president now owns 16,396 shares in the company, valued at approximately $1,557,620. (more...)
Broadcom ups Qualcomm acquisition offer Broadcom ups Qualcomm acquisition offer
- February 06, 2018

Singapore-based Broadcom is mainly a manufacturer whose connectivity chips are used in products ranging from mobile phones to servers. Broadcom is now offering $82 per share, according to its statement , up significantly from the previous $70. (more...)
UAW members at GM to get up to $11750 in profit sharing
- February 06, 2018

The company now has an insider ownership of 9.96 Percent and Institutional ownership of 74.4 Percent. In related news, EVP Stefan Jacoby sold 37,961 shares of General Motors stock in a transaction on Tuesday, December 5th. General Motors Company (NYSE:GM) has a 20-Day average volume of 13.64 Million. Shares of General Motors (GM) opened at $40.16 on Friday. The company had a trading volume of 12,182,925 shares, compared to its average volume of 12,961,221. (more...)
Today's Brokerage Rating: Abbott Laboratories (ABT), Caterpillar Inc. (CAT)
- February 06, 2018

Abbott Laboratories now has $100.54 billion valuation. The stock decreased 0.17% or $0.1 during the last trading session, reaching $58.63. A total of 11.3 Million shares exchanged at hands and its Average Volume is 6.47 Million. The company was maintained on Monday, August 3 by RBC Capital Markets. Eight investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. (more...)
Range Resources' (NYSE:RRC) Underperform Rating Reiterated at Raymond James Financial
- February 06, 2018

Range Resources Corporation (NYSE:RRC) closed its last session at $13.55. About 13.36 million shares traded or 61.60% up from the average. UBS Oconnor LLC raised its position in shares of Range Resources Corporation (NYSE:RRC) by 246.9% in the second quarter, according to the company in its most recent filing with the SEC. (more...)
Trade deficit spikes in 2017 on 'Trump's watch,' sparking immediate reaction Trade deficit spikes in 2017 on 'Trump's watch,' sparking immediate reaction
- February 06, 2018

Trade deficit in goods with China, Mexico and Canada, which account for more than half of total USA goods imports and exports, all widened in 2017, compared with the prior year, said the Commerce Department. The US Commerce Department said the trade gap in goods and services rose to $566bn (€458bn) previous year, the highest since $708.7bn in 2008. For December, the trade gap increased to 53.1 billion, up from $50.4 billion in November, which was the highest level since October 2008. (more...)
Pentagon agency can't account for hundreds of millions in spending Pentagon agency can't account for hundreds of millions in spending
- February 06, 2018

The agency also couldn't produce supporting evidence for many items that are documented in some form - including records for $100 million worth of assets in the computer systems that conduct the agency's day-to-day business. "DLA is the first service that, given its size and the complexity of its bureaucratic organization, has begun an audit, and its executives do not expect the case to be cleared up from the original investigation cycles, she admitted source". (more...)
Asian, European Markets Follow Wall Street, With Stocks Suffering Sharp Losses Asian, European Markets Follow Wall Street, With Stocks Suffering Sharp Losses
- February 06, 2018

Among the biggest fallers on Tuesday was Tokyo's Nikkei 225 stock average, which ended 4.7 percent lower at 21,610.24, having earlier been down a massive 7 percent. Like other commodities, oil is priced in dollars making it more expensive when the United States currency appreciates. "There is also some good news to latch on to if you like your cup half full - a strong United States economy is good for global growth, and that should bode well for company profits". (more...)
All eyes back on Wall Street after record Dow drop All eyes back on Wall Street after record Dow drop
- February 06, 2018

Louis. The wild swings Tuesday marked the third day of volatility in global markets. But Naeem Aslam, chief markets analyst at Thinkmarkets, believed automated trades - which kick in to reflect sharp market movements - contributed to the steepest declines. (more...)
Australian Dollar Shrugs Off RBA After Breakneck Volatility Australian Dollar Shrugs Off RBA After Breakneck Volatility
- February 06, 2018

Amid a historic 6 per cent plunge in the Dow Jones on the US Stock Exchange, professor at Monash University Mark Crosby claimed that the RBA board would be influenced by movements in foreign markets, but he expects the next rate movement to be up. (more...)
HBC Appoints Tiffany Veteran Helena Foulkes as New CEO HBC Appoints Tiffany Veteran Helena Foulkes as New CEO
- February 06, 2018

Longtime CVS Health executive Helena Foulkes , a Providence native who is now president of the company's retail division, is leaving the Woonsocket drugstore giant to become CEO of Hudson's Bay Co., the Toronto-based owner of the Saks Fifth Avenue and Lord & Taylor department stores. (more...)
S.Korean Aerobatic Jet Skids Off Runway at Singapore Airshow, Hurting Pilot S.Korean Aerobatic Jet Skids Off Runway at Singapore Airshow, Hurting Pilot
- February 06, 2018

Runway 1 will be closed to further notice, it added. The Black Eagles team left its base in Wonju, Gangwon Province, for Singapore on January 26 and arrived at Changi Airport three days later after flying around 5,438 kilometers. Changi Airport's tweet said that the delays from the airport is expected to last over the next few hours. The Air Force is said to have canceled the aircraft's appearance at the air show and is investigating the cause of the accident. (more...)

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