Finance

Asia stocks steady, dollar treads water as investors count down to Fed

Asia stocks steady, dollar treads water as investors count down to Fed The week will also bring with it housing starts figures on Tuesday, existing home sales on Wednesday, the Federal Housing Finance Agency's house price index on Thursday and the PMI composite flash on Friday. The Dow Jones industrial average gained 0.2 percent to 22,370.80. The major indexes have been breaking new highs, with the Dow recording its best weekly gains this year and the S&P, ... [Full Article...]

Toys 'R' Us files for bankruptcy amid debt and falling customer traffic

Toys 'R' Us files for bankruptcy amid debt and falling customer traffic Brandon, in detailing Toys "R" Us' turnaround, dubbed "Project Sunrise" by the company, said the chain will integrate its online and in-store shopping experiences, adding faster shipping and better technology and customer service. Muller said the company's sales cost for the last quarter is around $ 3 billion , making it the nation's second-largest toy retailer, following Amazon.com, Inc. [Full Article...]

Liberum Capital Reaffirms "Hold" Rating for Unilever plc (ULVR)

Liberum Capital Reaffirms Facebook Inc (NASDAQ:FB) has risen 26.75% since September 19, 2016 and is uptrending. It has outperformed by 54.06% the S&P500. Among 28 analysts covering Burberry Group PLC ( LON:BRBY ), 8 have Buy rating, 6 Sell and 14 Hold. The Company's principal activity is the ownership, management and development of sustainable oil-palm estates in Indonesia. The industry's and sector's high P/E for the pa... [Full Article...]

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low

Oil Jumps After US Gasoline Stockpiles Plunge to 22-Month Low As a result, there was less demand for oil from refineries and more demand for gasoline sitting in storage while less gasoline was being produced That's partly why gasoline prices spiked by almost 20 percent. The West Texas Intermediate for October delivery increased 0.93 US dollar to settle at 50.41 dollars a barrel on the New York Mercantile Exchange, while Brent crude for November delivery adde... [Full Article...]

U.S. stocks open higher ahead of Fed meeting

On Friday, the Dow industrials DJIA, +0.29% logged a fourth-straight record close and a sixth-straight gain. At 2:59 p.m. ET, the Dow Jones Industrial Average . The advance lifted the index to its best closing level in over a month. Financial stocks have also moved to the upside on the day, while weakness visible among biotechnology and healthcare stocks. [Full Article...]

Sean Spicer made a surprise appearance during Stephen Colbert's Emmys opener

President] Donald Trump is ratings". And the Emmys were no different. Colbert asked before Spicer appeared. Walking onto the Emmy stage behind a mock White House press podium, Spicer announced, "This is the largest audience to witness the Emmys, period ". [Full Article...]

Trump calls for 'tougher, more specific' travel ban

Trump calls for 'tougher, more specific' travel ban Asked about his tweet on the travel ban, Trump said "we have to be tougher and we have to be smarter". President Donald Trump is calling a fire at a London subway station another attack "by a loser terrorist" and suggesting police there may have missed an opportunity to prevent it. [Full Article...]

Henderson Group Plc (HGG) Rating Reiterated by Barclays PLC

Henderson Group Plc (HGG) Rating Reiterated by Barclays PLC The firm earned "Outperform" rating on Friday, January 29 by RBC Capital Markets. The firm has "Outperform" rating by Bernstein given on Monday, November 9. Robert W. Baird maintained it with "Buy" rating and $710 target in Friday, October 23 report. Bluestein R H & Company increased Johnson & Johnson (NYSE:JNJ) stake by 12,467 shares to 33,906 valued at $3.91 million in 2016Q4. [Full Article...]

Household Income Finally Beats 1999 Record

Household Income Finally Beats 1999 Record The figures for 2016 mark the second consecutive annual increase in the median household income - a closely watched metric for how the American middle class is doing from year to year, adjusted for inflation. Nevertheless, the Census data indicates that the most recent income gains have pushed household income close to where it stood in 2007. The number of those without health care coverage is a... [Full Article...]

Ladbrokes Coral Group PLC's (LCL) "Buy" Rating Reiterated at Berenberg Bank

Ladbrokes Coral Group PLC's (LCL) The rating was upgraded by Zacks to "Hold" on Wednesday, August 12. The rating was maintained by BNP Paribas on Thursday, September 1 with "Underperform". Schroder Inv Mngmt Group holds 1,495 shares. Bellecapital Intll holds 10,200 shares. Weber Alan W stated it has 22,577 shares. It fall, as 55 investors sold Restaurant Group PLC shares while 327 reduced holdings. [Full Article...]

China Plans to Shut Down Bitcoin Exchanges

China Plans to Shut Down Bitcoin Exchanges Trading their yuan in for Bitcoin can allow Chinese investors to move funds outside of the country. And if it doesn't, will China get tougher, banning Bitcoin investment entirely? On Monday, Bloomberg followed up with a report that China would ban the trading of virtual currencies on domestic exchanges, but permit over-the-counter transactions. [Full Article...]

Miami area family welcomes baby with 'perfect name' ahead of Irma

Miami area family welcomes baby with 'perfect name' ahead of Irma The National Hurricane Center says Category 4 Hurricane Irma is now "headed for the southwest Florida coast" as winds continue to pick up speed in all of South Florida. By Friday, the government said it had brought all 1,800 or so of its residents to its sister island to weather the impending storm. Gusts over 90 miles per hour were reported at Miami International Airport. [Full Article...]

Sam Darnold bounces back with strong outing, big win vs. Stanford

Sam Darnold bounces back with strong outing, big win vs. Stanford As USC continues to make a push for a National Championship run, expect Darnold to be improving his game weekly. Carr had 11 carries for 119 yards, including a high of 52 yards. it was huge", Darnold said. Facing the most talented defense of his (young) career - by an order of magnitude - Chryst never found his rhythm. It wasn't that his night had been subpar - he threw a flawless first ha... [Full Article...]

Hurricane Irma wreaks havoc with cruise line passengers and destinations

Hurricane Irma wreaks havoc with cruise line passengers and destinations Exxon Mobil Corporation (NYSE:XOM) has declined 9.08% since September 9, 2016 and is downtrending. It has underperformed by 17.37% the S&P500. "Unfortunately, these ships are not in a physical location where they could make a run to the Caribbean without sailing into the storm". [Full Article...]

Antonio Brown's big day helps Steelers beat Browns, 21-18

Browns will send rookie DeShone Kizer as the starting quarterback on Sunday and now head coach Hue Jackson has named second-year player Kevin Hogan as the backup QB. But the Browns couldn't stop Pro Bowl wide receiver Antonio Brown , who made a leaping catch in traffic for 38 yards with 2:26 left to seal Pittsburgh's win. [Full Article...]

Mexico quake cripples buildings, leaves Juchitán's 'Palacio Municipal' in rubble

Mexico quake cripples buildings, leaves Juchitán's 'Palacio Municipal' in rubble The Pacific Tsunami Warning Center advised that waves could reach the coasts of Guatemala , Panama, El Salvador , Costa Rica, and Hondurasalthough it noted the waves are considered non-damaging. The U.S. Geological Survey puts both at 8.1 while, though the Mexican seismologists calculate them at 8.2. Luis Felipe Puente told the Televisa network that 10 had died in Oaxaca state, three in Ch... [Full Article...]

Sitharaman gets Defence, Goyal made Railways Minister

Sitharaman gets Defence, Goyal made Railways Minister According to the reports, Piyush Goyal is slated to be the next railways minister. Pradhan's elevation was backed by the success of some of the key schemes of Modi's government - the "Give It Up" for LPG subsidies and the direct benefit transfer of the PAHAL scheme. [Full Article...]

Trump Sours On Gary Cohn After Charlottesville Criticism

Trump Sours On Gary Cohn After Charlottesville Criticism Two sources reported that Trump remained upset with Cohn, a former Goldman Sachs president, for criticizing his response to the violence sparked by a white supremacist rally in Charlottesville , Virginia, in August. "He doesn't know this, but yes he is", Trump said in July when asked if Cohn was a potential pick. Trump was reportedly furious with Cohn's comments . [Full Article...]

Slovakia's lawsuit against the European Union dismissed

Slovakia's lawsuit against the European Union dismissed In response to the migration crisis in 2015, the European Union adopted a decision to relocate asylum seekers who arrived in Italy and Greece, which were dealing with a massive inflow of migrants. While Hungary and Slovakia have now failed in their legal challenge to the policy, that doesn't fix the political problem. As Deutsche Welle reports , "Only 24,000. [Full Article...]

Records of four million Time Warner Cable customers left unsecured

Records of four million Time Warner Cable customers left unsecured The leaked records records do not represent individual customers, meaning that fewer than 4 millions customers' personal information was revealed. Other databases included the billing addresses, phone numbers and other contact information for hundreds of thousands of Time Warner Cable (TWC) subscribers. [Full Article...]


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