Markets


Euro Climbs to Six-Week High Following Presidential Debate in France
- March 22, 2017

Le Pen's aides say she will tear into his "globalist" programme, while Hamon on Sunday gave a taste of his plan of attack against Macron, casting the former Rothschild banker as the candidate of the elite. The three-and-a-half-hour live debate between the top five candidates saw Le Pen and Macron repeatedly exchange verbal blows. "You don't leave the euro and the protection afforded by the European Central Bank.for an adventure. (more...)
Asian shares at 21-month highs, dollar soft on Fed views Asian shares at 21-month highs, dollar soft on Fed views
- March 22, 2017

Gold prices edged down too, but nevertheless held near two-week highs. The dollar has been unable to general any significant traction and gold also gained support from persistent concerns surrounding the USA trade stance with prices advancing to two-week highs. (more...)
Ivanka Trump Sued for 'Unfair Competition' by Clothing Rival Ivanka Trump Sued for 'Unfair Competition' by Clothing Rival
- March 22, 2017

Ivanka Trump holds no official office in her father's administration, but that hasn't stopped her from sitting in on meetings with world leaders and basically serving as de facto First Lady. The suit comes as the president's daughter stakes out an even closer position to her dad: Ivanka plans to join his team at the White House - although she won't be an official "staffer", a source familiar with the move told NBC News . (more...)
Uber President Quits in Response to Controversies Uber President Quits in Response to Controversies
- March 22, 2017

Huffington hosted a call with reporters along with the company's new chief HR officer, Liane Hornsey, and Rachel Holt, who heads Uber's business in the US and Canada. "Many of you have been asking what qualities we're looking for in a COO", Huffington said in her introduction to the call . Huffington is helping oversee the inquiry, along with Eric Holder, the former USA attorney general. (more...)
Gold heads for first weekly gain in three as Fed hurts dollar Gold heads for first weekly gain in three as Fed hurts dollar
- March 19, 2017

Investors have become increasingly jittery over the Netherlands elections as opinion polls have suggested that Mr Wilders may do better than expected - particularly in the wake of the surprising Brexit vote and American election result. SOME CENTRAL BANKS FOLLOW THE FED: China's central bank raised a short-term interest rate on lending to banks but left its benchmark rate unchanged after the USA increase. (more...)
Dollar slides, stocks climb as Fed effects linger Dollar slides, stocks climb as Fed effects linger
- March 18, 2017

The Canadian dollar strengthened on Friday against its USA counterpart, helped by higher oil prices and stronger-than-expected domestic manufacturing data. US stocks dipped on Friday as bank shares fell alongside Treasury yields while Adobe helped buoy the S&P tech sector and the Nasdaq Composite. U.S. (more...)
Russia denies its spies were behind huge Yahoo hack Russia denies its spies were behind huge Yahoo hack
- March 18, 2017

The officers of the powerful FSB, Russia's Federal Security Service, are accused of employing cybercriminals to access Yahoo's systems and steal data on millions of ordinary users as well as US and Russian officials, Russian journalists and executives at large companies. (more...)
McDonald's Compromised Twitter Account Posts Anti-Trump Tweet McDonald's Compromised Twitter Account Posts Anti-Trump Tweet
- March 18, 2017

But major global corporations tend to stay out of the political fray, or at least they did until Thursday morning , when someone used the McDonald's corporate Twitter account to deliver an epic drag of Trump. The fast food company released a statement, claiming that its corporate Twitter account has been hacked. The company's corporate Twitter account is followed by about 155,000 people while its main account has almost 3.39 million followers. (more...)
Tourists and BBC crew suffer minor injuries in Mount Etna blast Tourists and BBC crew suffer minor injuries in Mount Etna blast
- March 17, 2017

The news outlet added that six of the injured people had already been sent to the hospitals of Catania and Acireale cities. BBC correspondent Rebecca Morelle described the incident as " extremely scary " but confirmed everyone was ok, despite some people receiving " cuts, bruises and burns ". (more...)
Winter weather grounds flights from Orlando International Airport Winter weather grounds flights from Orlando International Airport
- March 15, 2017

The airline said it would continue to monitor the weather conditions closely while assisting affected passengers and advising them of itinerary changes. The number of canceled flights arriving at KCI with destinations from the East Coast are about the same. We are sorry for the disruption to your travel plans and are doing all we can to minimise the effect the weather forecast will have on our United States operations. (more...)
US Attorney Preet Bharara fired by Trump administration
- March 12, 2017

President Barack Obama nominated Williams to the post on March 29, 2012, and he was confirmed by the U.S. Senate on August 2, 2012, according to his office website. Bharara's office was in the middle of an investigation into New York City Mayor Bill de Blasio's political fundraising efforts in 2013 and 2014 as well as whether Fox News attempted to pay off employees who made allegations of sexual assault from its investors. (more...)
Emerson Electric Company (EMR) Stake Reduced by Dorsey & Whitney Trust CO LLC
- March 09, 2017

Hedge funds have recently modified their holdings of the company. Emerson Electric Company had its " rating reiterated by analysts at Stifel Nicolaus. On the negative side, after more than two years of flat dividends, GE increased its dividend by only a cent to $0.23 per share. These analysts have also projected a Low Estimate of $0.55/share and a High Estimate of $0.61/share. (more...)
HPE Beefs up Flash Storage With Nimble Buy
- March 08, 2017

Brokerage firm Argus Downgrades its rating on Hewlett Packard Enterprise Co (HPE). Due to strong positive momentum, the stock ended at $23.05, which is also near the day's high of $23.27. Covering equity analysts are expecting Hewlett Packard Enterprise Co (NYSE: HPE ) to post quarterly EPS of $0.44. For the Current Quarter, the growth estimate for Hewlett Packard Enterprise Company is 2.4%, while for the Next Quarter the stock growth estimate is -4.1%. (more...)
Investors should heed US Fed rate hike Investors should heed US Fed rate hike
- March 07, 2017

But with Fed boss Janet Yellen due to speak on Friday the greenback has bounced back as experts say the bank is odds-on to tighten monetary policy in the face of an improving United States economy. Low joblessness isn't a major change from past year, though wages are very slowly crawling higher , suggesting that the labour market is getting tighter. (more...)
PSA board approves Opel takeover
- March 05, 2017

Equally important, a deal will have to be presented on the future of a near-$10-billion Opel pensions deficit and demands by GM that the brand be barred from competing overseas under PSA ownership against General Motors' own Chevrolet lineup. (more...)
President Trump slams 'total hypocrite' Schumer for past meetings with Putin President Trump slams 'total hypocrite' Schumer for past meetings with Putin
- March 04, 2017

Schumer in 2003, when Putin came to visit the first NY gas station of the Russian company Lukoil . Chuck Schumer's (D-NY) ties with Russian Federation due to a photo featuring Schumer and Vladmir Putin. The belligerent parties are President Donald Trump and Sen. Sessions says his meeting with Kislyak was held in his capacity as a senator, not a surrogate of the Trump campaign, and that the pair never talked politics. (more...)
Uber, then operating illegally, used software to evade Portland code enforcers Uber, then operating illegally, used software to evade Portland code enforcers
- March 04, 2017

Created in 2014, Greyball was allegedly part of an ongoing Uber program dubbed VTOS (violation of terms of service), which analyzes user data to determine whether or not a specific user is abusing the app. The goal was to prevent those users from getting a ride and potentially catching the company violating the law. Sources told the Times that the tool is part of Uber's Violation Of Terms Of Service program , which is meant to block people using the app inappropriately. (more...)
Senate Confirms Former Texas Governor Rick Perry to Serve as Energy Secretary Senate Confirms Former Texas Governor Rick Perry to Serve as Energy Secretary
- March 04, 2017

Perry will oversee the security of the USA nuclear weapons, the nuclear deal with Iran, as well as climate change policies among other issues as energy secretary. Bush and Obama administrations to renewable energy and energy efficiency. Hoeven said he looks forward to working with Perry to provide a true path forward for clean coal technology. (more...)
Snap shares soar in trading debut Snap shares soar in trading debut
- March 03, 2017

At that price, Snap will spawn a new group of paper billionaires and millionaires. Traders at the New York Stock during the Snap Inc. float. But the fairly steady orders showed the bankers did a decent job. That comes across in its prospectus , which makes clear Snap is a founder's company. Shares of Snap jumped $8.21, or 48 percent, to $25.21 a share in afternoon trading. (more...)
Illegal immigrant speaks out at press conference, immediately gets detained by ICE Illegal immigrant speaks out at press conference, immediately gets detained by ICE
- March 03, 2017

Vargas left Wednesday's event in a friend's vehicle, Peterson said. Her brother, a construction worker, was also detained , though Vargas didn't witness his arrest . Greisa Martinez is the advocacy director at United We Dream , an immigrant youth-led organization that advocates on behalf of undocumented people. (more...)
FCC sets aside new Net data privacy rule
- March 03, 2017

The two agencies will work together to achieve "a technology-neutral privacy framework for the online world", they said. A Federal Communications Commission (FCC) vote on Wednesday prevented stricter consumer privacy protections for internet providers from becoming law. (more...)
Uber CEO Apologizes For Disrespectful Interaction With Uber Driver
- March 03, 2017

I lost $97,000 (£78,370) because of you. They blame everything in their life on somebody else. 'To say that I am ashamed is an extreme understatement, ' he said. Also this month, Kalanick resigned from President Donald Trump's business advisory council after facing a weeklong rider boycott. On top of this, Google's parent company Alphabet recently announced it is suing Uber for allegedly stealing the technology it is using to create self-driving cars - a claim Uber denies. (more...)
ISM manufacturing index climbs to best level in more than two years
- March 03, 2017

The Institute for Supply Management released a much stronger set of manufacturing data than expected Wednesday morning, proving that the rebound in manufacturing continues to gain steam. "Euro area manufacturers are reporting the strongest production and order-book growth for nearly six years, in what's looking like an increasingly robust upturn", said Mr Chris Williamson, chief economist at IHS Markit. (more...)
These Lawyers Plan to Protect Trans Students From Trump
- February 25, 2017

It came as North Carolina and the Department of Justice fought in dueling lawsuits over a law that, among other things, prevented transgender people from using public bathrooms that didn't align with the gender on their birth certificate. Trump had previously said that the government should protect transgender people, but it should be ultimately the state's decision on the bathroom issue. (more...)
RBS posts $8.7 billion loss in ninth straight year without a profit RBS posts $8.7 billion loss in ninth straight year without a profit
- February 25, 2017

That included a recently-announced additional £3.11bn set aside over U.S. allegations over the mis-selling of mortgage-backed financial products ahead of the financial crisis. The bank's current priorities are resolving a settlement with the US Department of Justice surrounding RBS' role in the financial crisis, for which other banks including Credit Suisse and Deutsche Bank have already taken signifiant hits. (more...)
San Francisco is fourth most congested city in the world, says study
- February 24, 2017

That topped second-place Moscow at 91 hours and third-place NY at 89, according to a traffic scorecard compiled by Inrix, a transportation analytics firm. "We want public officials, transportation officials, drivers and employers to take a look at this to see how it effects the commute", Pishue says. Despite what some commuters will say, San Francisco does no in fact have the worst traffic in the world. (more...)
United Kingdom growth revised upwards after manufacturing boost
- February 23, 2017

Meanwhile business investment decreased by 1.5 per cent between 2015 and 2016, a fall of £2.7bn. "But retail sales fell in January, the housing market got off to a lacklustre start in 2017, and rising inflation is beginning to exert a toll. (more...)
Alternative Takeover Targets For Kraft Heinz Alternative Takeover Targets For Kraft Heinz
- February 23, 2017

Although 3G was not able to close in on Unilever it was able to make a smaller transaction through another company it controls, Restaurant Brands International, which this morning announced it was buying Popeye's Louisiana Kitchen for $1.8 billion. (more...)
Jay Z Is Tech's Hot New Investment Whiz Kid
- February 23, 2017

That gives him playing room to make investments like he did with JetSmarter , TIDAL and Uber's Series B. Now, he's launching a new venture capital fund with longtime business associate and Roc Nation president Jay Brown. Labeled the "Uber for private jets", Jay Z joined members of the royal Saudi family in helping the startup raise more than $105 million in Series C funding just past year. (more...)
Popeyes chicken brand bought by Burger King, Tim Hortons parent company
- February 23, 2017

The stock touched its high share price of $78.86 on Feb 13, 2017 and the stock also touched its Lowest price in the last 52-weeks of trading on May 26, 2016 as $49.11. The company now has a Return on Equity (ROE) of 126.40% and a Return on Investment (ROI) of 27.90%. Popeyes Louisiana Kitchen's revenue for the quarter was up 4.7% on a year-over-year basis. (more...)
The Zacks Investment Research Lowers Westlake Chemical Partners LP (WLKP) to Hold
- February 23, 2017

Westlake Chemical Corp. Gross Margin percentage stands at 21.6% while its Operating Margin for trailing twelve month is 14.1 percent and Profit margin (ttm) is 9.4 Percent. Guggenheim Capital LLC raised its position in shares of Westlake Chemical Corporation by 16.1% in the fourth quarter. Rice Energy Inc. (NYSE:RICE) right now sits at consensus rating of 1.90 while 0 analysts have advocated the shares as "BUY", 0 calls it an "OUTPERFORM" and 0 suggest "HOLD". (more...)
Rockets From Sinai Explode in Southern Israel
- February 23, 2017

According to the Guardian, the rockets were fired after Amaq News, a media outlet run by ISIS-affiliated militants, claimed that four of its fighters were killed in Egypt's North Sinai by an Israeli drone strike. No group has claimed responsibility for the attack, but earlier this month a Sinai-based group - said to be linked to the Daesh terrorist organization - claimed responsibility for four rockets fired from the peninsula at Israel. (more...)
US, Russia Top List Of Global Arms Exporters US, Russia Top List Of Global Arms Exporters
- February 21, 2017

The weapons watchdog said the growth had been driven by increased demand in the Middle East and Asia. The Stockholm International Peace Research Institute said that Asia and Oceania accounted for 43% of global arms imports in 2012-16, with India being the largest importer, accounting for 43% of all imports. (more...)
Chef Steve McHugh, The Esquire Tavern Named James Beard Award Semifinalists Chef Steve McHugh, The Esquire Tavern Named James Beard Award Semifinalists
- February 17, 2017

Three chefs from Indiana are in the Best Chef category in the Great Lakes Region, which includes Illinois, Indiana, Michigan and Ohio. The James Beard Foundation announced its list of 2017 Restaurant and Chef Award Semifinalists, which included two Alamo City nods: Cured Chef Steve McHugh for Best Chef: Southwest and The Esquire Tavern for Outstanding Bar Program. (more...)
Reliable stocks in today's share market: Cisco Systems, Inc. (NASDAQ:CSCO)
- February 17, 2017

Shares dropped 1.3 percent to $32.40 after trading closed. While looking at the Stock's Performance, Cisco Systems, Inc . now shows a Weekly Performance of 4.96%, where Monthly Performance is 9.44%, Quarterly performance is 5.52%, 6 Months performance is 7.25% and yearly performance percentage is 28.45%. (more...)