Business


Sensex slumps by 407 points to end at one-month low Sensex slumps by 407 points to end at one-month low
- February 09, 2018

The broad-based Nifty fell by 121.90 points or 1.15 per cent to end at 10,454.95. The index recovered briefly to 34,070.73 before dropping again to close lower by 407.40 points, or 1.18 per cent, at 34,005.76. Rising bonds yields were to blame for dampening investor sentiment in the United States, analysts said. Indian shares slumped more than 1 percent on Friday, in line with Asian peers, as the global rout in equities returned, while lingering concerns over inflation back home weighed on ... (more...)
Wall Street enters correction territory as markets plunge
- February 09, 2018

The Dow Jones registered its biggest one day fall in six years last night wiping out all the gains made on the index so far this year. Stocks have failed to hold a strong rebound since Friday, when a better-than-expected report on wages added to worries about higher U.S. (more...)
Wall Street suffers biggest decline since 2011 Wall Street suffers biggest decline since 2011
- February 09, 2018

South Korea's Kospi also rose at its opening, and was trading up 0.3 per cent at 2,460.82 in morning trading. But a massive fall in share prices prompted an about-turn, and in Asian trade on Tuesday, it fell back to as low as 2.662%. Mona Mahajan, investment strategist with Allianz Global Investors in NY, said: "When you have rates moving upwards, typically what happens is that financial conditions tighten, things like bank lending, mortgage lending start to slow and then the economy is ... (more...)
Long Term Trend - Petroleo Brasileiro SA - Petrobras (PBR)
- February 09, 2018

Petroleo Brasileiro S.A. now has $87.71 billion valuation. Hemenway Trust Company Llc who had been investing in Canadian Natl Railway for a number of months, seems to be bullish on the $55.96 billion market cap company. A value between 0 and 30 is considered oversold; hence the trader should look at buying opportunities. (NYSE:GPS) to report earnings on February, 22. (more...)
Elon Musk's Roadster Is Heading for the Asteroid Belt Elon Musk's Roadster Is Heading for the Asteroid Belt
- February 09, 2018

With the ability to lift into orbit almost 64 metric tons (141,000 lb)-a mass greater than a 737 jetliner loaded with passengers, crew, luggage and fuel-Falcon Heavy can lift more than twice the payload of the next closest operational vehicle, the Delta IV Heavy, at one-third the cost. (more...)
Bank of England likely to hint at further rate hike Bank of England likely to hint at further rate hike
- February 09, 2018

But it now appears there could be a third increase and those rises could be sooner than expected. Global stock markets have meanwhile tanked this week on fears that the US Federal Reserve would also ramp up interest rates more quickly than expected following bright jobs data. (more...)
US Market Indexes Lower Wednesday US Market Indexes Lower Wednesday
- February 09, 2018

Algorithmic trading, which involves computers following a program, are, he said, "battering the key levels forcing the market lower each time". But many are also quick to say they see no recession looming, and they expect the strengthening global economy and healthy corporate earnings to help stock prices recover. (more...)
Array BioPharma (ARRY) Stock Price Up -1.8% Following Analyst Upgrade
- February 09, 2018

The stock's 52-week range is $6.73 to $16.75, and its 3-month range is $10.21 to $17.98. About 155,790 shares traded. Dynegy Inc. (NYSE:DYN) has declined 49.83% since February 8, 2017 and is downtrending. The stock has "Hold" rating by Deutsche Bank on Tuesday, April 26. Ameritas Investment Partners Inc. boosted its position in Array BioPharma by 7.2% in the 2nd quarter. (more...)
Dow Futures Pointed to 1200 Fall, But Pare Losses Dow Futures Pointed to 1200 Fall, But Pare Losses
- February 09, 2018

By 8:11 a.m. ET (1311 GMT), Dow e-minis 1YMc1 were down 232 points, or 0.97 percent, with 200,003 contracts changing hands. The Nasdaq composite lost 14 points, or 0.2 percent, to 7,225. But on Wall Street, it raises fears that inflation will finally pick up, and that the Federal Reserve will have to raise interest rates faster to fight it. (more...)
Dow closes more than 1000 points down for second time this week Dow closes more than 1000 points down for second time this week
- February 09, 2018

The percentage decline on Thursday, 4.2%, wasn't almost as bad as the scary days of the 2008 financial crisis. Stock markets in NY suffered big losses on Monday in a sell-off sparked by concerns of higher interest rates. The 10-year Treasury yield briefly hit a four-year high of 2.88 percent. "When we were going up faster than we should, nobody questioned that", she said. (more...)
Wall Street falls at the open, Dow off 120 points Wall Street falls at the open, Dow off 120 points
- February 09, 2018

The Dow is up 24 percent over that time, the S&P 500 18 percent. Trading has been extremely choppy , and the market has swung in wide ranges - up and down almost 2,300 points over the past week. Twitter had a banner day, soaring 12 percent after turning in a profit for the first time. An improving outlook internationally is adding to pressure on global fixed income markets. (more...)
Tesla Inc (TSLA) Shares Bought by American Century Companies Inc Tesla Inc (TSLA) Shares Bought by American Century Companies Inc
- February 09, 2018

Mitchell Mcleod Pugh And Williams owns 735 shares. (NASDAQ:TSLA). Barrett Asset Mngmt Limited Liability Co has invested 0% of its portfolio in Tesla , Inc. Therefore 32% are positive. WFG Advisors LP now owns 457 shares of the electric vehicle producer's stock valued at $165,000 after acquiring an additional 236 shares during the period. (more...)
Trump highlights his financial skill, goes silent on markets Trump highlights his financial skill, goes silent on markets
- February 09, 2018

Instead, he focused squarely on the positive. Jeffries, who represents a large swath of Brooklyn and Queens, went on to blast Trump for talking treason at an event that was billed as a push for the GOP-backed tax plan and "not a political event". (more...)
Believes Cognizant (NASDAQ: CTSH) Won't Stop Here
- February 09, 2018

The hedge fund run by Robert Karr held 1.30 million shares of the industrial machinery and components company at the end of 2017Q3, valued at $142.95M, down from 1.40 million at the end of the previous reported quarter. On Wednesday, January 10 the insider DSOUZA FRANCISCO sold $17.77 million. GlaxoSmithKline plc (GSK) reported that a loss in the Q4 of 2017, compared to profit in the prior year, reflecting the impact of United States tax reform together with an surged impact of charges ... (more...)
Back to Earth: Tesla's losses grow on Model 3 delays
- February 09, 2018

The company continues to target weekly Model 3 production rates of 2,500 by the end of first quarter and 5,000 by the end of second quarter. Vetr raised shares of Tesla from a "strong sell" rating to a "sell" rating and set a $320.97 price target for the company in a research report on Friday, October 13th. (more...)
(PG) Share Price Declined While Trian Fund Management LP Lifted Its Holding (PG) Share Price Declined While Trian Fund Management LP Lifted Its Holding
- February 09, 2018

Mount Kellett Capital Management Lp who had been investing in Cf Inds Hldgs Inc for a number of months, seems to be less bullish one the $8.74B market cap company. Royal Bank of Canada reiterated a "buy" rating on shares of Procter & Gamble in a research note on Monday, October 23rd. The firm has "Buy" rating given on Tuesday, October 24 by Cowen & Co. (more...)
Dow down 1000 points as USA stock market plunges again
- February 09, 2018

Trump, who has repeatedly praised Wall Street gains during his first year in office, dismissed recent market gyrations. "The U.S. economy is on solid foundation", said ClearBridge's Schulze. Traders are still braced for more volatility as they try to figure out if the swings of the past few days are the start of a deeper correction or just a temporary blip in the US market's nine-year bull run. (more...)
Seattle Is Clearing Convictions For Misdemeanor Pot Possession Seattle Is Clearing Convictions For Misdemeanor Pot Possession
- February 09, 2018

Several U.S. cities and states have allowed people to petition to have their pot convictions vacated or sealed. According to Spokane's municipal code, the ordinance was passed back in November of 2015 and became effective in December of that same year. (more...)
Mountain Capital Investment Advisors Inc Raises Holdings in Apple Inc. (AAPL)
- February 09, 2018

The stock increased 0.42% or $0.67 during the last trading session, reaching $160.21. Apple (NASDAQ: AAPL ) last announced its quarterly earnings results on Thursday, February 1st. Mizuho maintained Apple Inc . (NASDAQ: AAPL ) on Tuesday, October 3. Needham has "Buy" rating and $165 target. The firm has "Buy" rating given on Monday, July 24 by Loop Capital Markets. (more...)
ECB President Draghi Says European Banks Could Soon Hold Bitcoin ECB President Draghi Says European Banks Could Soon Hold Bitcoin
- February 09, 2018

That's despite growing calls from financial regulators on the need to pursue some sort of global framework on cryptocurrency regulation. In an interview with Bloomberg , ECB Executive Board member Yves Mersch said the central bank can no longer ignore the threats posed by cryptocurrencies to the "real world". (more...)
Analytical Preview of The Coca-Cola Company (NYSE:KO) Analytical Preview of The Coca-Cola Company (NYSE:KO)
- February 09, 2018

The average volume was noted at 8363.46K shares while its relative volume was seen at 0.91. The Coca-Cola Company (NYSE:KO) has a beta of 0.71, compared to a beta of 1 for the market, which implies that the stock's price movements are less extreme than the market as a whole. (more...)
Old Dominion Freight Line (ODFL) Earns "Hold" Rating from Cowen
- February 09, 2018

The company has market cap of $10.97 billion. The stock increased or $0 during the last trading session, hitting $. About 518,924 shares traded. Gillespie Robinson & Grimm Inc decreased Old Dominion Freight Line ( ODFL ) stake by 2.5% reported in 2017Q3 SEC filing. (more...)
Trump announces pick for new IRS commissioner Trump announces pick for new IRS commissioner
- February 09, 2018

The nomination comes as the IRS works to implement the new tax-cut bill that Trump signed in December. "Would any experienced tax lawyer representing Trump in an IRS audit advise him to publicly release his tax returns during the audit?" The council reviews existing tax policy and makes recommendations for new and existing policies. (more...)
Wall Street recovers, dives as volatility continues
- February 09, 2018

Earlier in the day the stock slumped as low as US$108. Monday's volatility looked set to continue Tuesday morning, as Dow Futures pointed to a loss of more than 600 points at the market open. About half the increase was due to higher earnings and about half due to higher valuations. Retailers including Amazon and Home Depot made small gains, a possible sign of confidence the US economy will keep growing. (more...)
Active Volume Stock: Newell Brands Inc. (NYSE:NWL) Active Volume Stock: Newell Brands Inc. (NYSE:NWL)
- February 09, 2018

The company's market cap is $14.1 Billion, and the average volume is $8.82 Million. LLC now owns 3,200,022 shares of the company's stock worth $171,585,000 after buying an additional 1,167,393 shares in the last quarter. Louisiana State Employees Retirement Sys holds 30,600 shares. The New York-based Tower Rech Cap Ltd (Trc) has invested 0.01% in Pattern Energy Group Inc. (more...)
Duke Realty Corporation (DRE)
- February 09, 2018

The institutional investor owned 65,760 shares of the real estate investment trust's stock after selling 23,332 shares during the period. Ing Groep Nv who had been investing in General Dynamics Corp for a number of months, seems to be bullish on the $62.68B market cap company. (more...)
BoE Maintains Status Quo But Signals Early UK Rate Hike BoE Maintains Status Quo But Signals Early UK Rate Hike
- February 09, 2018

Abi Oladimeji, chief investment offficer at Thomas Miller Investment, says global growth is likely to moderate and inflation will ease. The economy was then expected to expand by 1.8 percent again in 2019, when Britain is due to depart from the European Union. (more...)
The Goodyear Tire & Rubber Company (GT) EPS Estimated At $0.73 The Goodyear Tire & Rubber Company (GT) EPS Estimated At $0.73
- February 09, 2018

About 2.85M shares traded or 110.20% up from the average. (NYSE:SPG) has declined 18.56% since February 8, 2017 and is downtrending. It has underperformed by 10.29% the S&P500. Ejf Cap Limited Liability owns 3,000 shares for 0.05% of their portfolio. Vident Inv Advisory Limited Liability reported 75,464 shares or 0.14% of all its holdings. (more...)
Wall Street reverses gears on surging interest rates Wall Street reverses gears on surging interest rates
- February 09, 2018

On Monday, the Dow finished down 4.6 percent, the biggest decline in percentage terms since August 2011, when investors were fretting over Europe's debt crisis and the debt ceiling impasse in Washington that prompted a US credit rating downgrade. (more...)
US Designates Three Pakistani-Based Militants As 'Global Terrorists'
- February 09, 2018

The announcement comes two weeks after the United States blacklisted six people accused of supporting the Afghan Taliban and the Haqqani network , which is based in Pakistan and allied with the Taliban, according to RFE/RL. He said the action was a part of the USA administration's broader "efforts to disrupt terrorist fundraising". Hizb Ullah served as a financial official of a Peshawar-based madrasa that was co-founded by Aminullah. (more...)

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