Economy


Enrapturing Stocks: Express Scripts Holding Company, (NASDAQ: ESRX), Nektar Therapeutics, (NASDAQ: NKTR)
- April 22, 2018

They expect $0.55 earnings per share , up 10.00% or $0.05 from last year's $0.5 per share. T_FSZ's profit would be $19.07 million giving it 13.85 P/E if the $0.21 EPS is correct. The rating was maintained by Cantor Fitzgerald with "Buy" on Wednesday, January 10. RBC Capital Markets maintained the stock with "Hold" rating in Thursday, December 14 report. (more...)
Amid Bid To Block Telegram, Russian Regulator Warns Facebook Amid Bid To Block Telegram, Russian Regulator Warns Facebook
- April 19, 2018

The authorities also blocked a significant number of Amazon and Google IP addresses, claiming that Telegram was using them in an attempt to get round the ban. He also thanked Apple , Google, Amazon and Microsoft "for not taking part in political censorship". Team Empire , an eSports organization, also reported problems with using Twitch in Russian Federation, tweeting that "because Russian Federation tries to shut down Telegram and fails, Twitch\Steam\Twitter won't load properly". (more...)
Amazon chooses Best Buy to sell Alexa-enabled smart TVs Amazon chooses Best Buy to sell Alexa-enabled smart TVs
- April 19, 2018

Televisions with Amazon's Fire TV platform built-in have been around for the previous year but not on the scale expected for the coming months in 2018. "It's only possible because we trust each other". The new Fire TV Edition smart TVs will be available for purchase in Canada later this year. "Our partnership with Amazon is exciting because we believe Fire TV Edition delivers an incredible user experience and further strengthens the growing connection between home theater, home ... (more...)
All 5 accused in Makkah Masjid blast acquitted All 5 accused in Makkah Masjid blast acquitted
- April 19, 2018

The bombing was initially probed by the Hyderabad Police and then handed over to CBI, which filed the first charge sheet in 2010. When you consider the shoddiness of the investigations and prosecutions, say, in the Jessica Lal or the Aarushi Talwar murder cases, you will realise that sloppiness is a way of life with prosecutors and investigators. (more...)
Twitter reactions: India faces cash crunch as ATMs run dry Twitter reactions: India faces cash crunch as ATMs run dry
- April 18, 2018

Reports suggest officials of the finance ministry have held a meeting with the Reserve Bank of India (RBI) to take stock of the situation. In next couple of days, we'll have the supply of about 2,500 crore of Rs 500 notes per day. In these states, people are cutting bank and ATMs with cash, but they have to return home after being frustrated. Union Finance Minister Arun Jaitley has conceded that the country was facing a cash crunch but added that the crisis was only temporary. (more...)
North Carolina brewery serves up tarantula burger for Exotic Meat Month North Carolina brewery serves up tarantula burger for Exotic Meat Month
- April 14, 2018

Alongside the tarantula several other exotic meats are on offer, including camel, turtle, reindeer, rabbit, bugs and elk. NBC affiliate WRAL checked out a burger with a tarantula stacked onto it at Bull City Burger and Brewery this week. (more...)
Manitoba premier calls for Trans Mountain Pipeline to be completed Manitoba premier calls for Trans Mountain Pipeline to be completed
- April 13, 2018

PMO spokesperson Chantal Gagnon says Trudeau, B.C. Premier John Horgan and Rachel Notley of Alberta will try to work out a solution to the pipeline expansion. BC is also part of a lawsuit against Ottawa arguing there was not proper consultation with Indigenous communities or other stakeholders when the pipeline was reviewed. (more...)
Volkswagen AG Plans to replace Chief Executive Officer Mueller Volkswagen AG Plans to replace Chief Executive Officer Mueller
- April 12, 2018

Chancellor Angela Merkel condemned the research, the German Parliament debated possible consequences, and animal rights activists demonstrated outside Volkswagen's headquarters in Wolfsburg. At the time of his appointment, Volkswagen said Diess was "the ideal candidate" to revive the VW brand, which lagged rivals Toyota ( 7203.T ), Renault-Nissan ( RENA.PA ) ( 7201.T ), General Motors ( GM.N ) and Ford (F.N) on profitability. (more...)
Uber Makes a Bet on Bike-Sharing With JUMP Bikes Buy Uber Makes a Bet on Bike-Sharing With JUMP Bikes Buy
- April 10, 2018

Jump founder Ryan Rzepecki first got the idea for his bike-sharing company while studying for his master's degree in urban planning at Hunter College. It costs $2 for 30 minutes of ride time. An integrated U-bar also enables riders to lock the bike to light poles, trees, benches, or traditional bike racks. (more...)
Russia's Rusal plunges on United States sanctions Russia's Rusal plunges on United States sanctions
- April 10, 2018

The action targeted Russian oligarchs whose companies have wide-ranging involvement in global capital markets. The metal jumped in price on Monday after lawyers and traders said that many non-US customers would also be wary of buying from the company because of the wide reach of the sanctions . (more...)
Oil price hit by trade war fears Oil price hit by trade war fears
- April 09, 2018

Oil fell after China said it would levy tariffs on $50 billion of US imports in retaliation against measures by President Donald Trump , fanning concerns that economic growth and fuel demand could be hurt. The EIA data also showed that American oil production rose to an unprecedented level of 10.5 million barrels a day last week, topping 10 million barrels a day for a ninth week. (more...)
S&P 500 falls to session low S&P 500 falls to session low
- April 07, 2018

All 30 Dow Jones Industrial Average components were lower in premarket trading. Most of the Dow finished in positive territory, with Home Depot, Microsoft and Nike all winning more than two percent. The S&P 500 fell 56 points, or 2.1 percent, to 2,607. Stocks are falling again as trade tensions heat up between the USA and China. Their large dividend payments make those stocks similar to bonds, and investors find the stocks more appealing in times of turmoil and falling bond yields. (more...)
RBI releases First Bi-monthly Monetary Policy Statement 2018-19 RBI releases First Bi-monthly Monetary Policy Statement 2018-19
- April 06, 2018

Mumbai: The Reserve Bank of India (RBI) on Thursday kept its key policy rate unchanged, but lowered its inflation projection for FY19 reducing the odds of an interest rate hike in the near term. Rajesh Shah, Ficci President, said: "While the Reserve Bank of India has maintained status quo in current monetary policy statement , we hope that RBI will soon consider cut in policy rate and give a further boost to demand and investments". (more...)
IT department notices Deepak Kochhar's NuPower Renewables IT department notices Deepak Kochhar's NuPower Renewables
- April 06, 2018

The bank clarified that the meeting was pre-scheduled and that the board had been meeting regularly in the first week of April in the previous years too, to review the progress the in resolution of large accounts. According to the Indian Express investigation, the total transaction value of the complete transfer of shares from Punglia to Kochhar's Pinnacle Energy trust was Rs 9 lakh. (more...)
China hits U.S. soybeans, cars, planes with retaliatory tariffs
- April 05, 2018

China threatened to retaliate with its own 25 per cent levy on around US$50 billion of United States imports including cars, chemicals , soybeans and aircraft. Foreign business groups complain that strategy will limit or outright block access to those industries. Wang, the commerce official, defended "Made in China 2025". (more...)
U.S. stocks fall on tech weakness, Treasuries slip
- April 04, 2018

The S&P 500 Index slumped after its first quarterly retreat since 2015, with volumes 17% below average. In 1.49pm trading in NY, the Dow Jones Industrial Average rose 0.7 percent, while the Nasdaq Composite Index gained 0.2 percent. (more...)
One year to Brexit: What's been agreed - what's still to be settled? One year to Brexit: What's been agreed - what's still to be settled?
- March 30, 2018

But the visit, which is also the one-year anniversary of her signing the Article 50 letter to leave the bloc, comes at a time when the country appears no less divided than at the referendum. One of the most contentious issues during the referendum campaign was whether the money saved from European Union membership would outweigh the possible economic impact of leaving the bloc. (more...)
Everything you need to know about the Saudi-SoftBank solar power project Everything you need to know about the Saudi-SoftBank solar power project
- March 29, 2018

The SoftBank founder Masayoshi Son , who is known for his ardent support for ambitious endeavors, presented the project at a ceremony in NY with the crowned Prince Mohammad Bin Salman Al Saud. Part of the investment will come from Softbank's $93bn Vision Fund, the largest ever private equity fund of which Saudi Arabia is the largest backer. (more...)
Federal Investigators Probe Tesla Crash, Fire In California Federal Investigators Probe Tesla Crash, Fire In California
- March 29, 2018

The stock has a consensus rating of "Hold" and a consensus target price of $322.64. Tesla is expected to report first-quarter production and deliveries next week. As per Thursday, March 31, the company rating was initiated by Pacific Crest. The firm earned "Underweight" rating on Tuesday, February 9 by Barclays Capital. (more...)
#DeleteFacebook gains momentum as Whatsapp co-founder gets on board #DeleteFacebook gains momentum as Whatsapp co-founder gets on board
- March 22, 2018

Like any gloomy interviewee, he wrote a Tweet saying, " Facebook turned me down". The same day, the data analytics firm was embroiled in further scandal after an exposé was aired by United Kingdom broadcaster Channel 4 showing Cambridge Analytica executives, including its CEO Alexander Nix, speaking to an undercover reporter about how it had helped to elect U.S. (more...)
Google Shopping wants to take a commission from retailers Google Shopping wants to take a commission from retailers
- March 20, 2018

Google Inc. aims to challenge Amazon .com Inc.'s dominance of the e-commerce market by making it easier for traditional retailers to put their products in front of users. The program, called Shopping Actions, will be available to all U.S. retailers. When you search for an item, such as toothpaste, you'll see a sponsored listing for an option from one of Google's partners and be able to add it to a Google Express cart. (more...)
Free ice cream cones at Dairy Queen on Tuesday Free ice cream cones at Dairy Queen on Tuesday
- March 20, 2018

Free cones will be available during regular business hours all day long. Customers can claim their small cone on Tuesday - one cone per customer. Dairy Queen fans and franchises helped the company bring in almost $300,000 in one day a year ago, the company adds. (more...)
Spanish Consumer Price Index Rises In February Spanish Consumer Price Index Rises In February
- March 16, 2018

What happened: The rise in the cost of living last month was largely the result of higher rent and home prices. World shares inched higher on Tuesday, eking out limited gains as investors kept a wary eye on a US inflation reading later in the day that could offer clues on the pace of Federal Reserve interest rate hikes this year. (more...)
Manchester United v Sevilla talking points Manchester United v Sevilla talking points
- March 13, 2018

The Champions League last-16, second-leg clash at Old Trafford is finely poised after the first leg 0-0 at the Ramon Sanchez Pizjuan. Speaking at a news conference later in the day, manager Jose Mourinho told reporters Pogba joined his team-mates after the section of training open to the media. (more...)
Trump To Hold Games Violence Meeting Trump To Hold Games Violence Meeting
- March 11, 2018

The attendees did not, however, include any scientists, which is a unusual choice for a meeting created to discuss "violent video-game exposure and the correlation to aggression and desensitization in children ". No votes have been scheduled yet in the Senate on a pending background checks bill, but the House has said it will consider school safety legislation next week. (more...)
The Barclays Cuts Spire Healthcare Group (SPI) Price Target to GBX 255
- March 10, 2018

It has outperformed by 46.74% the S&P500. Keller Group plc (LON:KLR) insider Peter John Hill purchased 9,000 shares of the business's stock in a transaction dated Tuesday, February 27th. About 524,941 shares traded. The Restaurant Group plc (LON:RTN) has 0.00% since March 8, 2017 and is. It has underperformed by 16.70% the S&P500. The company has market cap of 5.04 billion GBP. (more...)
Power surge knocks out lights at National Hockey League outdoor game Power surge knocks out lights at National Hockey League outdoor game
- March 05, 2018

However, the Capitals responded with goals by Carlson and Vrana two minutes apart. Washington went on to win 5-2, moving into sole possession of first place in the Metropolitan Division with 81 points. What might be an issue is goalie Frederik Andersen, pulled for Curtis McElhinney after allowing five goals on 25 shots. All the line juggling in the world - and coach Mike Babcock went to his blender in the second period - couldn't kick-start the Leafs. (more...)
Toys Toys "R" Us enters administration in the UK
- March 03, 2018

Maplin, which was founded in 1972, will continue to trade during the administration process, the company's CEO Graham Harris said. Mothercare, which sells maternity and baby products, saw its shares plunge 10% in London trading. "The government must also urgently address problems across the retail sector". She said this is "evidenced this week by Maplin seeking a rescue deal, Jones Bootmaker shedding stores via a pre-pack administration and a number of major chains reported to be looking ... (more...)
US cable giant Comcast in multi-billion euro bid for Sky US cable giant Comcast in multi-billion euro bid for Sky
- March 02, 2018

However, some analysts suggest the Comcast offer could be successful, despite Murdoch's dogged ambition to own the entire business. Britain's competition regulator said in January his planned takeover should be blocked unless a way was found to prevent the Australian-born power-broker from influencing Sky's news operation. (more...)
Britain records less than expected economic growth Britain records less than expected economic growth
- February 25, 2018

Statisticians said the reason why both employment and unemployment increased at the same time was that the number of people deemed to be inactive declined. Thursday's downgradings were the result of recent revisions to industrial production figures and business investment having ground to a standstill . (more...)
Grocery retailer Albertsons to buy Rite Aid pharmacy chain Grocery retailer Albertsons to buy Rite Aid pharmacy chain
- February 21, 2018

Rite Aid shares soared as much as 31%. It has underperformed by 71.88% the S&P500. On Thursday, January 28 the stock rating was upgraded by Sandler O'Neill to "Buy". Great West Life Assurance Can holds 0% in Rite Aid Corporation (NYSE: RAD ) or 217,554 shares. This is something that Investors should look for in all the stocks they are trading and is an important indicator to keep tabs on. (more...)
Ajit Pai faces investigation into moves that benefit Sinclair Broadcasting Ajit Pai faces investigation into moves that benefit Sinclair Broadcasting
- February 17, 2018

As a result, one such lawmaker, House Representative Frank Pallone (D-NJ) - who is a member of the congressional committee that oversees the FCC - wrote to the federal regulator's inspector general in November outlining his concerns and asked him to open a formal investigation. (more...)
United Kingdom inflation sticks at almost six-year high in January United Kingdom inflation sticks at almost six-year high in January
- February 14, 2018

Inflation has been climbing steadily since the beginning of past year but many have predicted it has peaked at around 3%. The Reserve Bank of India (RBI) last week kept interest rates unchanged and raised its March quarter CPI inflation forecast to 5.1 per cent. (more...)
'Freezing rain will likely persist for several hours': Environment Canada 'Freezing rain will likely persist for several hours': Environment Canada
- February 12, 2018

Freezing rain warnings are issued when rain falling in sub-zero temperatures creates icy buildup on surfaces. The rain is expected to persist for several hours today, but ice accumulation is expected to be limited to a few millimetres, as the rain "should be fairly light". (more...)
Will These Stocks Remain Hot? Cisco Systems, Inc. (CSCO), Hanesbrands Inc. (HBI)
- February 10, 2018

The network equipment provider reported $0.61 earnings per share for the quarter, hitting the consensus estimate of $0.61. Tokio Marine Asset Company has invested 0.21% in Cisco Systems, Inc. 6,380 were reported by Dodge And Cox. Connor Clark And Lunn Invest has 252,650 shares for 0.05% of their portfolio. Teacher Retirement Systems Of Texas has 0.07% invested in Aramark (NYSE:ARMK). (more...)