Economy


Online sales surge as malls fall short
- November 28, 2017

Shares of retailers such as Macy's Inc and Wal-Mart were up on Monday following a promising start to the holiday season and ahead of what is expected to be the largest US online shopping day in history. Estimates from ShopperTrak, a data analytics company that measures the number of shoppers at stores, said sales at those outlets decreased "less than 1 percent" compared to Black Friday in 2016, CNN reported . (more...)
Net Worth of Jeff Bezos Now Has 11 Zeroes Net Worth of Jeff Bezos Now Has 11 Zeroes
- November 26, 2017

Bezos made nearly $2.4 billion on Friday alone. Amazon CEO Jeff Bezos has reached a net worth of $100 billion - enough to buy over half a billion Echo speakers or pay the yearly subscriptions of more than 670 million Amazon Music Unlimited accounts. (more...)
Red wine makes you feel relaxed, spirits sensual Red wine makes you feel relaxed, spirits sensual
- November 23, 2017

Respondents reported different reactions depending on the type of alcohol consumed. About 59% of respondents associated these drinks with feelings of energy and confidence, and more than 40% associated them with feeling sexy. "This can result in a quicker stimulating effect as blood alcohol levels increase", he explained. It is worth also bearing in mind that there are compounds apart from alcohol in different drinks. (more...)
Foot Locker, Inc. (FL) Given Consensus Recommendation of Foot Locker, Inc. (FL) Given Consensus Recommendation of "Hold" by Brokerages
- November 18, 2017

In accordance with General Instruction B.2. of Form 8-K, the information in this Current Report on Form 8-K, including Exhibit 99.1, shall not be deemed to be "filed" for purposes of Section 18 of the Securities Exchange Act of 1934, as amended (the "Exchange Act"), or otherwise subject to the liabilities of that section, and shall not be deemed incorporated by reference into any filing under the Securities Act of 1933, as amended, or the Exchange Act, except as expressly set forth by ... (more...)
Norway's state fund 'needs to ditch oil and gas investments' Norway's state fund 'needs to ditch oil and gas investments'
- November 17, 2017

Oil and gas equities now account for around 6% of the Government Pension Fund Global's benchmark index, or just more than 300 billion Norwegian kroner ($36.49 billion). McKibben compared the bank's recommendation to "the moment when the Rockefellers divested the world's oldest oil fortune" in 2014, when the heirs to Standard Oil said that if founder John D. (more...)
1.4M Thanksgiving travelers expected to fill Virginia highways 1.4M Thanksgiving travelers expected to fill Virginia highways
- November 17, 2017

Nearly 86 percent of local travelers - 3.3 million - will be going by vehicle to their destinations, a 3.5 percent increase from last year's 3.2 million auto travelers. Americans on average are paying $2.56 at the pump, and Virginians have seen an average increase of 30 cent across the state from previous year. The AAA poll says a strong economy and high consumer confidence are contributing to the desire to travel, or at least provide the finances. (more...)
IEA says hopes of higher, stable oil prices could be dashed quickly IEA says hopes of higher, stable oil prices could be dashed quickly
- November 15, 2017

Oil is already facing stiff competition from ever-cheaper and more environmentally friendly energy sources as traditional fossil fuel users switch to cleaner, low-carbon alternatives, CNBC reported. IEA said that if current levels of OPEC production were maintained, the oil market would face a "difficult challenge" during the first quarter of 2018 on the back of supply exceeding demand by 600,000 bbl/day followed by another, smaller, surplus of 200,000 bbl/day in the second quarter of the year. (more...)
Kindle with your kale? Amazon to open shops in Whole Foods Kindle with your kale? Amazon to open shops in Whole Foods
- November 12, 2017

Over 100 Whole Foods stores will be offering Amazon-related offers, with pop-up stores dedicated to Amazon items being introduced for a brief time at Illinois, Michigan, Florida, California, and Colorado from November 13. The company will bring its devices to over 100 Whole Foods stores, and open dedicated pop-up shops in a few of the chain's grocery stores during the Thanksgiving weekend. (more...)
The Koenigsegg Agera RS hit 284 miles per hour The Koenigsegg Agera RS hit 284 miles per hour
- November 08, 2017

The owner of the Agera had used his connection in the film industry to convince Nevada authorities to shut down an 11-mile stretch of Highway 106, which runs between Las Vegas and the town of Pahrump, Top Gear reports. Another challenger is the recently revealed Venom F5 from America's Hennessey . Hennessey failed to take the speed record, however, because the auto only completed one run and the title-holder is required to make two runs down the same stretch of tarmac in opposite ... (more...)
Facebook shares hit record highs despite warning on future profitability Facebook shares hit record highs despite warning on future profitability
- November 03, 2017

Facebook's third-quarter profit and sales exceeded Wall Street expectations, however the social media giant's shares slid after it admitted that 2018 expenses would rise 45% to 60%, outpacing expected sales. The world's number one social network along with Twitter and Google is under pressure from United States politicians over its role in the last presidential election. (more...)
Analyst Research Roundup: The Hershey Company (HSY), CalAtlantic Group, Inc. (CAA) Analyst Research Roundup: The Hershey Company (HSY), CalAtlantic Group, Inc. (CAA)
- October 31, 2017

The stock presently has a consensus rating of Buy and an average price target of $42.29. Shares of CalAtlantic Group (NYSE: CAA ) opened at 40.45 on Thursday. The business had revenue of $1.67 billion for the quarter, compared to analysts' expectations of $1.68 billion. The firm's revenue was up 166.0% on a year-over-year basis. (more...)
Changes to airport security procedures Changes to airport security procedures
- October 29, 2017

Yesterday was the deadline. Following the American Department of Homeland Security directive to airlines flying to the US, Air India has also started asking passengers questions like the objective of their trips and about their check-in bags. (more...)
Technical Scrutiny: The Goodyear Tire & Rubber Company (GT), Occidental Petroleum Corporation (OXY) Technical Scrutiny: The Goodyear Tire & Rubber Company (GT), Occidental Petroleum Corporation (OXY)
- October 29, 2017

Tire volumes dropped 6 percent to 117.2 million for the first nine months and 5 percent to 39.8 million for the third quarter. When we divide the current volume by the three-month average volume, we get a relative volume of 3.51. The company estimates that the negative impact of the hurricanes on the USA consumer replacement industry overall was about 1 percent in the third quarter. (more...)
NAACP Issues Travel Advisory Against American Airlines, Warns Black Travelers NAACP Issues Travel Advisory Against American Airlines, Warns Black Travelers
- October 28, 2017

Due to several "disturbing incidents" involving Black travelers on American Airlines flights, the NAACP has issued a "national travel advisory" warning to passengers of color. The woman's travelling companion, who was white, remained assigned to a first-class seat, according to NAACP. In citing the four recent incidents in which African American passengers reported discrimination by American, NAACP officials did not list flight numbers, dates, names of passengers, or cities involved in ... (more...)
Schlumberger NV (SLB) Investment Increased by Osborne Partners Capital Management, LLC Schlumberger NV (SLB) Investment Increased by Osborne Partners Capital Management, LLC
- October 23, 2017

The company, in its first report to include GE Co's oil and gas business since their merger, reported a quarterly profit that missed analysts estimates by a wide margin. Since May 2, 2017, it had 0 insider buys, and 14 sales for $19.34 million activity. The short-interest ratio decreased to 3.0 and the percentage of shorted shares was 0.02% on September 29. (more...)
Fault delays new high-speed train's first journey from Bristol to London Fault delays new high-speed train's first journey from Bristol to London
- October 17, 2017

Grayling said: "These new state-of-the-art trains will carry people across Britain, from Swansea to Aberdeen and London to Inverness". The Great Western Railway service, which counted transport minister Chris Grayling among its first passengers, departed 25 minutes late from Bristol Temple Meads this morning. (more...)
Even though court orders, honourable women won't enter Sabarimala: Prayar Gopalakrishnan Even though court orders, honourable women won't enter Sabarimala: Prayar Gopalakrishnan
- October 15, 2017

Surendran also said that the CPI (M)-led LDF government in the state was of the view that there should not be gender- based discrimination for entry in temples. It was expected that the apex court is likely to announce the verdict today on whether women can enter the Sabarimala Temple. Gopalakrishnan said both the custom and security and safety of women were their concerns on the matter. (more...)
US Bombers Fly Over Korean Peninsula in Show of Force US Bombers Fly Over Korean Peninsula in Show of Force
- October 13, 2017

North Korea watchers have been on alert for a possible provocation by the communist state in the days surrounding a key holiday Tuesday to mark the founding anniversary of its ruling party. In a surprising sign of weakness, the commentary also says that if North Atlantic Treaty Organisation would join the United States in the Korean Peninsula it would "change the balance of forces" against it. (more...)
Google got permission to float its internet-beaming balloons over Puerto Rico Google got permission to float its internet-beaming balloons over Puerto Rico
- October 08, 2017

It's a cell tower. Musk, the chief executive of Tesla Inc, said on Friday the company would send more battery installers to Puerto Rico to help restore power after Hurricane Maria knocked out all power on the island over two weeks ago. (more...)
Amazon Testing Own Delivery Service in Confidential Project Amazon Testing Own Delivery Service in Confidential Project
- October 06, 2017

This service began on a trial basis on the West Coast earlier this year, expanding further in 2018. Amazon declined to the comment on the matter. Once again raising the specter of cutting out more business to UPS and FedEx , Amazon is reportedly testing a program that involves making local deliveries from the warehouses of retailers selling on its marketplace, according to a report from Bloomberg . (more...)
'We're not Nazis, you've shown that by electing me' - new Ukip leader 'We're not Nazis, you've shown that by electing me' - new Ukip leader
- October 03, 2017

In a recent YouTube campaign film, he complained that "we have gone down the road of mediocracy and compromise, we don't like the idea of excelling of anything because we worry that it implies that somebody is less good". Asked if he would "ban the burka", Mr Bolton said: "I don't think it's about banning the burka, is it?" Mr Bolton said he believes in "old-fashioned, classical liberalism", but feels it has "lost its way a bit". (more...)
Sanders: Trump attacking San Juan mayor is 'unspeakable' Sanders: Trump attacking San Juan mayor is 'unspeakable'
- October 02, 2017

She said she meant "it was good news that people of Puerto Rico and many public servants of the United States are working together". Mulvaney and Mnuchin's criticism follows a White House official's anonymous statement on Saturday suggesting that Cruz has been "too busy doing TV" to properly gauge federal relief efforts. (more...)
'Monday Night Football' Ratings Buck NFL Trend & Rise Over Last Week & 2016 'Monday Night Football' Ratings Buck NFL Trend & Rise Over Last Week & 2016
- September 27, 2017

The " Sunday Night Football " matchup between Washington and Oakland delivered a one-sided game for viewers and a weakened ratings return for NBC. Offering at least some anecdotal evidence that the NFL's current ratings predicament is not one with a cut- and-dry cause, Monday Night Football viewership surged on Monday night - helping Week 3 of the season finish in the black, after all. (more...)
Toys R Us Files for Chapter 11 Bankruptcy Toys R Us Files for Chapter 11 Bankruptcy
- September 21, 2017

Operating legally under the name Toys Canada, Toys "R" Us has 82 stores in 10 Canadian provinces - 35 in Ontario - and employs 4,000 people, increasing to more than 6,000 during the holiday season. Despite early success online, the company struggled to find the money to make investments in technology. Toys "R" Us said Monday the company's "approximately 1,600 Toys "R" Us and Babies "R" Us stores around the world - the vast majority of which are profitable - are continuing to operate as ... (more...)
CCleaner, distributed by anti-virus firm Avast, contained malicious backdoor CCleaner, distributed by anti-virus firm Avast, contained malicious backdoor
- September 19, 2017

CCleaner, software that is created to speed up PC and smartphone performance by removing unneeded or unecessary files, is the latest victim of hackers hijacking legitimate software to spread malware and gain access to infected systems. The CCleaner is a popular tool for cleaning out "crap-ware" , helping remove temporary files, browser caches, log files and other junk from a system. (more...)
More Than 200000 Rohingya Children In Urgent Need Of Help More Than 200000 Rohingya Children In Urgent Need Of Help
- September 18, 2017

The Bangladesh government earlier protested the alleged planting of anti-personnel landmines near the border by Myanmar security forces. The secretary-general has been outspoken about calling for an end to the violence in Burma's Rakhine state, and sent the Security Council an official letter raising his concerns about a crisis - the first time a United Nations chief has done so since 1989. (more...)
Oracle Corporation (ORCL) Upgraded to Oracle Corporation (ORCL) Upgraded to "Buy" at Zacks Investment Research
- September 16, 2017

They noted that the move was a valuation call. Among 2 analysts covering Saul Centers ( NYSE:BFS ), 0 have Buy rating, 0 Sell and 2 Hold. Canaccord Genuity also raises its Oracle price target by $1 to $57 and maintains a Buy rating. The stock was sold at an average price of $38.72, for a total transaction of $1,742,400.00. Cbre Clarion Securities Llc owns 4.40 million shares or 4.38% of their United States portfolio. (more...)
SpaceX releases 'blooper reel' of failed rocket landings SpaceX releases 'blooper reel' of failed rocket landings
- September 15, 2017

SpaceX has now made landing rockets seem somewhat routine, but it wasn't long ago that the company's attempts to bring back the first-stage booster often ended in fire. "The course of true love never did run smooth", another incident is labeled. In that same time, SpaceX has orchestrated 16 successful Falcon 9 first stage landings. (more...)
Tech, Insurers Lead Wall Street Rally As Irma, North Korea Fears Ease Tech, Insurers Lead Wall Street Rally As Irma, North Korea Fears Ease
- September 12, 2017

That relieved investors, especially in the wake of Hurricane Harvey, whose devastation is estimated to dent third-quarter economic growth. Asian stock markets pushed higher as traders breathed a sigh of relief that Pyongyang did not fire another missile on Saturday, choosing instead to mark its foundation day with a parade. (more...)
Six ministers dropped in Cabinet reshuffle Six ministers dropped in Cabinet reshuffle
- September 06, 2017

This will be the third such reshuffle since Modi took over in May 2014. Railway Minister Suresh Prabhu had also hinted to have offered to resign after Kalinga-Utkal Express crash but was asked to "wait" by the Prime Minister. A cabinet reshuffle has been on the cards since Manohar Parrikar resigned as Defence Minister to become Chief Minister of Goa. Union Science and Technology Minister Harsh Vardhan is holding additional charge of the Environment Ministry following the death of Anil ... (more...)
Iran welcomes restoring of Qatari relations Iran welcomes restoring of Qatari relations
- August 27, 2017

The ministry's statement said the two "discussed bilateral relations and means of boosting and developing them, as well as a number of issues of common concern". The decision came despite Iranian officials' condemnation of the attacks and prosecution of perpetrators. Qatar and Iran share a massive offshore natural gas field, called the South Pars Field by Tehran and the North Field by Doha. (more...)
Whole Foods is about get cheaper for everyone starting Monday Whole Foods is about get cheaper for everyone starting Monday
- August 26, 2017

Not only will Prime members get in-store benefits and "special savings", but the program will also give customers access to Amazon Lockers at select Whole Foods locations, and the ability to purchase Whole Foods private-label products through Amazon .com, AmazonFresh, Prime Pantry and Prime Now. (more...)
Nash latest MP caught up in dual-citizenship saga
- August 19, 2017

Like the dual nationality case of Barnaby Joyce , Senator Nash's case will be referred to the High Court. Nash revealed she is a United Kingdom citizen by descent because of her Scottish-born father in a short, unheralded statement to the Senate on Thursday evening just before the adjournment. (more...)
The Punisher: Netflix Releases First Trailer for Frank Castle's Return
- August 19, 2017

But before Daredevil ( Charlie Cox ), Jessica Jones ( Krysten Ritter ), Luke Cage ( Mike Colter ) and Iron Fist ( Finn Jones ) team up to defend New York City, the producers of the show divide the four into pairs. Is there some endgame where Luke and Jessica will end up together? Thankfully The Defenders lives up to those expectations, but so far it hasn't yet exceeded them - yet being the operative word, of course, because odds are that the second half of the series will probably ... (more...)
Facebook to demote misleading videos Facebook to demote misleading videos
- August 19, 2017

Today it started downranking the News Feed presence of links that display a fake play button in the preview image, as well as videos that are actually just a static image uploaded as a video file. The company makes frequent changes to the News Feed , typically testing potential features at length before making them official. Facebook warned that publishers who rely on these "intentionally deceptive practices" should brace themselves for a dramatic decrease in the distribution of ... (more...)