Markets


Angela Merkel 'curious' about UK's Brexit plan, but not 'frustrated' Angela Merkel 'curious' about UK's Brexit plan, but not 'frustrated'
- February 17, 2018

She added that the Brexit deal needed to strike a "fair balance" but would be different to the full benefits of membership of the single market, something the remaining 27 European Union members would closely assess. In response to the proposal, a government spokesman said: "We set out our two preferred models in our Customs Future Partnership paper". But he said companies should use the time until March 2019 to prepare for the consequences of Britain's departure, many of which were being ... (more...)
Kraft Heinz (KHC) Misses on Q4 Earnings & Revenue Estimates Kraft Heinz (KHC) Misses on Q4 Earnings & Revenue Estimates
- February 17, 2018

The stock analysts put their best efforts to measure the future activity of a trading system, investment sector or stock market. BidaskClub downgraded shares of The Kraft Heinz from a "sell" rating to a "strong sell" rating in a research note on Thursday, August 24th. (more...)
What the Technicals Say About Exxon Mobil Corporation (XOM)
- February 16, 2018

Arosa Capital Management Lp bought 74,560 shares as the company's stock rose 0.21% with the market. The institutional investor held 405,348 shares of the o.e.m. (NASDAQ:TTWO). Insight Capital And Mgmt invested in 21,277 shares. State Of New Jersey Common Pension Fund D owns 160,000 shares for 0.04% of their portfolio. (more...)
Inflation rises by more than expected after scare that rocked global markets Inflation rises by more than expected after scare that rocked global markets
- February 14, 2018

Excluding volatile food and energy costs, the so-called core gauge increased 0.3 percent, also above forecasts for 0.2 percent. The RLA argues that today's figures show that calls by many in the Labour Party and elsewhere for rents to be linked to inflation would leave many tenants worse off. (more...)
Dow Falls More Than 1000 Points, Enters Correction Territory Dow Falls More Than 1000 Points, Enters Correction Territory
- February 10, 2018

As of Thursday's close, the Dow was on track to post its largest weekly decline since October 2008. Traders rushed to the safety of the Treasury amidst the sell-off stocks , with the ten-year yield at 2.72% down 12 basis point. Asian stocks are following the examples set by Wall Street and European markets overnight. Meanwhile, the Dow Jones was also caught up in the massive volatility; the index managed to shed a total of 19.42 points after the session at 24,893.33. (more...)
Martin Schulz: I won't be German foreign minister Martin Schulz: I won't be German foreign minister
- February 10, 2018

On Wednesday, Schulz told colleagues he planned to resign as leader of the SPD after party members have voted on the coalition deal. The move by Schmidt, a conservative, effectively allowed the extension in glyphosate use within the European Union, despite opposition from France and from the centre-left Social Democrats (SPD) in Germany's current government coalition. (more...)
Qualcomm rejects Broadcom's second offer to buy the company Qualcomm rejects Broadcom's second offer to buy the company
- February 09, 2018

FMR LLC raised its position in QUALCOMM by 16.5% in the 2nd quarter. QUALCOMM Incorporated (NASDAQ: QCOM ) share price swings at $64.40 with percentage change of 4.33% in most recent trading session. Investors sentiment decreased to 1.27 in Q3 2017. It fall, as 83 investors sold QCOM shares while 490 reduced holdings. 127 funds opened positions while 474 raised stakes. (more...)
BP says annual profit rockets on higher oil prices BP says annual profit rockets on higher oil prices
- February 07, 2018

Fourth-quarter oil and gas production rose 18 percent from a year earlier to 2.58 million barrels of oil equivalent a day. British oil and gas company BP (BP.L) will increase investment in the United States after the lowering of tax rates under President Donald Trump, Chief Executive Bob Dudley said on Tuesday. (more...)
EBay's New Payment Partner Sends PayPal Shares Down EBay's New Payment Partner Sends PayPal Shares Down
- February 02, 2018

Shares of e-commerce platform eBay Inc surged almost 11 percent on Thursday after it reported strong results and launched a new partnership to take more control of payments on its sites from long-term partner PayPal Holdings Inc. Little-known Dutch firm Adyen will become eBay's primary payments processor under the scheme, which seeks to see more transactions conducted directly on eBay's sites. (more...)
Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico Chevron, Total Log Big Discovery in Deepwater Gulf of Mexico
- February 02, 2018

Mexico has two more oil and gas auctions lined up for this year-one in June and one towards the end of the year-but the chances of all blocks finding suitors are mixed in light of the abovementioned political worries after Obrador said he will review and very likely revise the contracts that Pena-Nieto's government signs with foreign oil companies. (more...)
Dow slumps 362 points, health care stocks sink Dow slumps 362 points, health care stocks sink
- January 31, 2018

Meanwhile, the Federal Reserve kicked off its latest two-day monetary policy meeting on Tuesday. The Dow Jones industrial average dropped 241 points and briefly fell 352 points, with UnitedHealth as the biggest decliner. The S&P 500 fell 7 points, or 0.23%, to 2,866. Among earnings , Pfizer shares fell 3 percent. Earnings so far have been stronger than expected. (more...)
Needle Moving Activity Spotted in Dr Pepper Snapple Group, Inc. (NYSE:DPS) Needle Moving Activity Spotted in Dr Pepper Snapple Group, Inc. (NYSE:DPS)
- January 30, 2018

The transaction terms call for Dr Pepper Snapple shareholders to receive a cumulative cash payment of roughly $18.7 billion, based on the company shares reported outstanding in late October. Finally, BMO Capital Markets reissued a "buy" rating and issued a $105.00 price target on shares of Dr Pepper Snapple Group in a research note on Friday, October 27th. (more...)
Russian athletes 'approved' for Pyeongchang: Russian Olympic official Russian athletes 'approved' for Pyeongchang: Russian Olympic official
- January 30, 2018

Dozens of Russian athletes in recent months have been retroactively sanctioned for anti-doping rule violations in Sochi with Russia also being stripped of several medals. "The competition has been very hard since four years ago". "At the Olympics I'll be helping make sure the right people are coming in, but it will be cool to see who all the people going in will be", she said. (more...)
Billionaire Saudi Prince Freed From Weeks-Long Ritz Detention Billionaire Saudi Prince Freed From Weeks-Long Ritz Detention
- January 28, 2018

In an exclusive interview with Reuters , Prince Alwaleed was speaking from his luxurious suite in Riyadh's Ritz-Carlton hotel, now transformed into a heavenly prison to hold tycoons and royals. In September, King Salman ordered that the restriction should be lifted next year. Among them is former finance minister and minister of state, Ibrahim al-Assaf, who led Saudi Arabia's delegation to the World Economic Forum in Davos, Switzerland, in the past week, and former National Guard ... (more...)
Stock Markets Hit Record Highs Stock Markets Hit Record Highs
- January 27, 2018

Stocks around the globe also rose. Shares of Intel Corp jumped more than 10 percent and hit their highest level since October 2000 a day after the company reported quarterly results. The Standard & Poor's 500 index rose 6 points, or 0.2 percent, to 2,844. In a weekly note on capital flows, Bank of America Merrill Lynch analysts said that 98 percent of global equity markets are now trading above 50 and 200-day moving averages , though the pace of the melt-up meant a correction was now ... (more...)
3 executives from USA Gymnastics board resign 3 executives from USA Gymnastics board resign
- January 24, 2018

Michigan State has been in the national media spotlight in the last week for its handling of sexual assault allegations against Nassar, who was a team doctor with the women's gymnastics team and other student-athletes. Geddert and Larry Nassar , the doctor accused of sexually abusing dozens of young gymnasts, worked closely together at Nassar's facility in MI. Judge Rosemarie Aquilina, who will decide Nassar's sentence in Ingham County court in MI for his guilty plea to seven counts of ... (more...)
Local lawmakers react to Cuomo's 2018 budget proposal Local lawmakers react to Cuomo's 2018 budget proposal
- January 19, 2018

Andrew Cuomo's 2018 budget message. Meanwhile, lawmakers hope to approve a final budget no later than the April 1 deadline. John J. Flanagan, the Republican leader of the Senate, praised elements of Mr. New York's medical marijuana program, signed into law by Cuomo in 2014, has struggled in its first few years of operation. Cuomo is vowing to fight back against Washington Republicans with a state budget proposal that lays out spending on schools and mass transit while also confronting ... (more...)
UK's second biggest construction company collapses
- January 16, 2018

Britain's government is under pressure to explain why ministers awarded construction company Carillion 1.3 billion pounds of new contracts after it was known to be in financial difficulty. David Lidington, a minister for the Cabinet Office, which supports the government and the prime minister, said there were plans to bring some of the public services provided by the company in-house, while others would be given to other contractors. (more...)
China: FX reserves being diversified, U.S. bond report may be fake China: FX reserves being diversified, U.S. bond report may be fake
- January 14, 2018

Gross cited three reasons for his bearish bond call: Rising nominal U.S. GDP that will stoke inflation, reduced purchases from global central banks, and higher budget deficits in the U.S. Louis Fed will each be speaking later today. A reading on China's money supply is expected in coming days. The, which measures the greenback's strength against a trade-weighted basket of six major currencies, 0.23% to 92.02 by 11:56 AM ET (16:56 GMT). (more...)
Marriott website in China temporarily closed after questionnaire gaffe Marriott website in China temporarily closed after questionnaire gaffe
- January 14, 2018

Arne Sorenson , the president and CEO of Marriott International, said on Thursday that the hotel group "respects and supports the sovereignty and territorial integrity of China ". Mainland China considers Taiwan to be a rebel province with which it will one day be reunited, by force if necessary. Though Marriott made several posts on Weibo to apologize , it is not clear whether Marriott actively monitors mentions on Weibo or whether they might have been able to get ahead of the negative ... (more...)
Near term Outlook For Twenty-First Century Fox, Inc. (NASDAQ:FOXA)
- January 13, 2018

It has underperformed by 21.05% the S&P500. Compass Capital Management Inc increased its stake in Cvs Health Corp (CVS) by 2.28% based on its latest 2017Q3 regulatory filing with the SEC. (NYSE:BR). M&T Fincl Bank owns 0.03% invested in Broadridge Financial Solutions, Inc. Los Angeles Capital Mgmt And Equity owns 60,380 shares. Mason Cap Mngmt Llc holds 0.2% or 3.89M shares. (more...)
Walmart giving employees $1000 bonuses, raising minimum wage Walmart giving employees $1000 bonuses, raising minimum wage
- January 12, 2018

Retailers, in general, have one of the highest average effective tax rates because a majority of their operations are in the US. "Today, we are building on investments we've been making in associates, in their wages and skills development", Walmart CEO Doug McMillon said in a statement. (more...)
SA loses out on new Toyota-Mazda factory, AP source says SA loses out on new Toyota-Mazda factory, AP source says
- January 11, 2018

After their announced manufacturing partnership in the USA last August, Toyota Motor Co. and Mazda Motor Corp. decided on the site of their $1.6 billion joint production plant. "It vaults Alabama to the top as an industry leader in producing the next generation of cars that will power our nation". Alabama Gov. Kay Ivey and company executives held a joint news conference to announce that the facility is coming to the Huntsville area not far from the Tennessee line. (more...)
City offices closing for MLK Day City offices closing for MLK Day
- January 09, 2018

Day. They will be closed Saturday, Jan. 13 and Monday, Jan. 15. The theme of this observance is "Peace and Equality: A Dream for All People". Day on Monday, Jan. Admission is free. Light refreshments will be served and a live DJ will be on hand for entertainment. Interfaith Commemorative Service at 6 p.m.at Boston Avenue United Methodist Church, 1301 S. (more...)
Serena William Withdraws From Australian Open 12 Days Before The Tournament Serena William Withdraws From Australian Open 12 Days Before The Tournament
- January 08, 2018

However, she chose to bow out of the tournament just four months after giving birth to her daughter, Alexis Olympia . Serena Williams just announced that she will not be participating at this year's Australian Open . In Abu Dhabi, Williams was clearly sluggish and had problems with her serve. World number one Rafael Nadal and six-time Australian Open champion Novak Djokovic also have injury issues, having yet to play a competitive match this year. (more...)
Two Passenger Jets Collide on Tarmac at JFK Airport Two Passenger Jets Collide on Tarmac at JFK Airport
- January 07, 2018

Also on Saturday at JFK Airport, officials said a China Southern Airlines Boeing 777 touched the tail of a Kuwait Airways plane around 12:20 a.m. "Is anyone there?", tweeted one passenger who had landed on a flight from Paris at 8 p.m. Another on a different flight added : "Stranded in the airplane for more than 3 hours in #jfkairport waiting for a gate in the "capital of the world" with freezing temperatures outside starting to affect the cabin. (more...)
All iPhones and iPads affected by Meltdown and Spectre, says Apple All iPhones and iPads affected by Meltdown and Spectre, says Apple
- January 05, 2018

Because these processors and their architecture is commonly used on almost on smartphones, laptops, computers, etc it means every single known device is vulnerable to these exploits. "Since exploiting many of these issues requires a malicious app to be loaded on your Mac or iOS device, we recommend downloading software only from trusted sources such as the App Store", it said in a statement. (more...)
Wind Chill Advisory Expanded…Dangerous Wind Chills Expected Wind Chill Advisory Expanded…Dangerous Wind Chills Expected
- January 01, 2018

At least we'll warm up into the single digits on Tuesday and the lower teens by Wednesday. We're only looking at a light accumulation of about a dusting to an inch of snow across most of western MA. A Wind Chill Advisory will go into effect later tonight for all of southeastern MI. Risky wind chills will likely continue into New Year's Eve night. (more...)
SoftBank tender for Uber stake succeeds SoftBank tender for Uber stake succeeds
- December 29, 2017

Uber's legal tangles include a lawsuit by Alphabet Inc.'s self-driving auto unit Waymo that alleges trade-secrets theft and federal investigations that span possible bribery of foreign officials in Asian countries and the use of software to evade regulators. (more...)
Wisconsin Badgers named to Canada's Olympic hockey team Wisconsin Badgers named to Canada's Olympic hockey team
- December 24, 2017

Three months after the birth of Calder, who was named through a national Twitter contest, Mikkelson was cleared for full competition and the next month attended the national team selection camp for the 2016 worlds and hasn't looked back. "This includes gold medals at the last four Olympic Winter Games and with a reputation like that, all eyes will be on Canada in PyeongChang". "It brings definitely a lot of confidence". (more...)
Accenture (ACN) Given New $152.00 Price Target at Barclays Accenture (ACN) Given New $152.00 Price Target at Barclays
- December 23, 2017

Markel Corp who had been investing in Accenture for a number of months, seems to be bullish on the $94.85 billion market cap company. Vanguard Group Inc. Amalgamated Bancshares, New York-based fund reported 74,776 shares. (NASDAQ:GILD). St Germain D J Commerce Inc holds 0.04% or 3,993 shares in its portfolio. (more...)
Boeing-Bombardier spat puts US-Canadian trade deals in spotlight Boeing-Bombardier spat puts US-Canadian trade deals in spotlight
- December 22, 2017

An global row between the US and Canada has kicked off again as the US Department of Commerce upheld massive tariffs on the import of Bombardier's C Series jet. "Tariffs on the scale proposed by the US Commerce Department in the world's largest airline market, threaten to undermine the long-term economics of Bombardier's presence in Northern Ireland". (more...)
North Korea to the US: We aren't responsible for WannaCry North Korea to the US: We aren't responsible for WannaCry
- December 22, 2017

The British newspaper cited "well-placed" sources, one of whom said that the Pentagon wants to "punch the North Koreans in the nose" so that they know that the United States is serious. This is seen by the administration as an option short of full-scale nuclear war, and the only such option available to them since they're bound and determined not to engage in direct diplomacy with North Korea. (more...)
Republicans expected to pass tax reform measure Republicans expected to pass tax reform measure
- December 20, 2017

The Senate will still vote on the bill Tuesday night before passing it back to the House. The bill passed the House by a vote of 227-203, overcoming united opposition from Democrats and 12 Republicans who voted against it. Protesters briefly interrupted the proceedings, chanting " kill the bill! " right before Speaker of the House Paul Ryan (R-Wisconsin) made his speech on the House floor. (more...)
Korea must 'earn' way to talks Korea must 'earn' way to talks
- December 19, 2017

Security Council for the 12th time from 2023. The Council has struggled to contain North Korea as the country continues to violate sanctions-backed United Nations calls on. Washington needs to shed light on its intentions before proceeding with any campaign to halt North Korea's nuclear ambitions. Tillerson said the USA does not want war with North Korea and is hoping for a diplomatic solution. (more...)