Finance

US Fed meeting minutes show policymakers anxious about inflation

US Fed meeting minutes show policymakers anxious about inflation They are also looking for clues on Fed officials' view on inflation, which has softened since March, and whether they are confident it would move back toward its 2-percent goal. That helped calm markets as Cohn, along with Treasury Secretary Steve Mnuchin, is seen as pivotal to U.S. President Donald Trump's economic agenda of tax cuts and infrastructure spending. [Full Article...]

Foot Locker shares plunge 15% after dismal Q2 results

Foot Locker shares plunge 15% after dismal Q2 results In addition to weak sales, Foot Locker said its second quarter performance was also affected by the limited availability of innovative new products in the market. Foot Locker's dividend payout ratio (DPR) is presently 25.36%. (NYSE:FL) for 15 shares. As per Monday, August 22, the company rating was maintained by Citigroup. [Full Article...]

Infosys CEO Vishal Sikka resigns; shares fall by 8%

Infosys CEO Vishal Sikka resigns; shares fall by 8% Infosys CEO Vishal Sikka on Friday refuted all allegations of botching up corporate governance, saying "it is absolutely wrong", at the first press conference after he stepped down from his post earlier in the day. Mr Rao will report to Mr Sikka, who will take on the executive vice-chairman role until a permanent CEO takes charge, which should be no later than end-March next year, Infosys sai... [Full Article...]

Trump's crisis sparks talk of White House departures

Trump's crisis sparks talk of White House departures It was at that event at Trump Tower that he took questions on Charlottesville and renewed his argument that "both sides" were to blame for the violence and asserted that there were "fine people" among those who participated in the protest of the city's removal of a statue of Confederate general Robert E. [Full Article...]

US Crude Stockpiles Fall The Most In Nearly A Year

US Crude Stockpiles Fall The Most In Nearly A Year Inventories dropped by 9.2-million barrels last week, the American Petroleum Institute (API) was said to report. Output from Libya is rebounding as its biggest field boosts production and a port reopens. Brent for October settlement gained 19 cents to $50.99 a barrel on the London-based ICE Futures Europe exchange. Prices climbed 7c to $50.80 on Tuesday. [Full Article...]

Today's Brokerage Rating: Cisco Systems, Inc. (CSCO), Micron Technology, Inc. (MU)

Today's Brokerage Rating: Cisco Systems, Inc. (CSCO), Micron Technology, Inc. (MU) The original version of this story can be read at https://www.thestockobserver.com/2017/08/16/cisco-systems-inc-csco-shares-bought-by-first-merchants-corp-updated-updated-updated.html. (NASDAQ: NTAP ). Cisco and Netapp are due to announce their earnings after market close today while Target Corporation has announced its earnings before the market open. [Full Article...]

Uber banned from the Philippines after it flouts new driver rules

Uber banned from the Philippines after it flouts new driver rules In its suspension order dated August 14, the LTFRB directed Uber to cease and desist the operations of its online booking applications. "This means that Uber's operations will continue until the motion is resolved", Uber said in a Facebook posting. [Full Article...]

Major German air carrier files for insolvency

Major German air carrier files for insolvency The airline has posted losses for the last nine years and its biggest investor, Abu Dhabi based Etihad Airways has chose to end financial support for the struggling carrier. Air Berlin said two members of its board of directors who had been nominated by Etihad had resigned. News agency Bloomberg estimates that Air Berlin has burnt through nearly €2 billion in six year. [Full Article...]

Eurozone Growth Improves As Estimated In Q2

Eurozone Growth Improves As Estimated In Q2 The Xetra DAX in Frankfurt edged up 0.3 per cent to 12,199.60 after the GDP growth report. "Stronger domestic consumption, higher imports, more state spending - all of this had been asked of Germany to reduce the imbalance within the euro-area and with the United States", they said in a client note. [Full Article...]

Trump to Request Possible Probe of China Trade Practices

Trump to Request Possible Probe of China Trade Practices Additional evidence of a connection between the trade action and the North Korea crisis comes from the fact the executive memorandum Trump will sign on Monday was originally expected more than a week ago. Trade Representative Robert E. Lighthizer, who during the Reagan administration helped implement some of the most protectionist trade policies of recent decades. [Full Article...]

North Korean "saber-rattling" sees gold hit two-month high

Against the tense backdrop, the South Korean won extended its losses on Thursday and touched its lowest level against the dollar in about a month. ASIA'S DAY: Tokyo's Nikkei 225 tumbled 1.3 per cent to 19,738.71 and Seoul's Kospi fell 1.1 per cent to 2,368.39. [Full Article...]

Tesla looking to start testing autonomous lorry in "platoon" formation

Tesla looking to start testing autonomous lorry in More than a year ago, the Dutch Ministry of Infrastructure and the Environment held an autonomous truck platooning demo that involved automakers such as DAF Trucks, Daimler, IVECO, MAN, Scania, and Volvo. The truck is expected to be officially revealed in September 2017, however, before that, the company is taking its prototype testing quite seriously. [Full Article...]

Kylie Jenner Is Rich, Like, Really Rich

Kylie Jenner Is Rich, Like, Really Rich Likely no more then five. The birthday young lady - who will authoritatively turn 20 on Thursday - was joined backstage at Staples Center by her momager Kris , enormous sister Kendall , and relatives Khloé Kardashian and Kim Kardashian West . [Full Article...]

USA airlines are bumping passengers at historically low rates

USA airlines are bumping passengers at historically low rates In April, Dr. David Dao was bloodied as he was dragged from his seat after refusing to give it up on a United Airlines flight. United booted 1,964 passengers in the first six months of 2017, with more in the second quarter than the first. [Full Article...]

Wall Street swings lower on North Korea fears

Wall Street swings lower on North Korea fears North Korea "will be met with fire and fury" if it keeps threatening the US, Trump told reporters at the Trump National Golf Club in Bedminster, New Jersey, according to media reports. US crude oil inventories fell by 6.5 million barrels to 1.15 billion barrels while gasoline inventories rose 3.4 million barrels to 231.1 million barrels in the week ended August 4, the Energy Information Administ... [Full Article...]

Cannibis company plans to turn California town into pot paradise

Cannibis company plans to turn California town into pot paradise American Green , based in Phoenix, purchased the tiny town of Nipton for $ 5 million , according to a report in Bloomberg . When Lang's late husband, Gerald Freeman, bought Nipton in 1985 it was a rundown ghost town. There are plans for edible marijuana products, retail stores, and even artist-in-residence programs as well. "We thought that showing that there was a viable means of having a ca... [Full Article...]

ADP seeks to fend off Ackman's Pershing Square

ADP seeks to fend off Ackman's Pershing Square Pershing Square was reportedly offered 11.10 to 11.40 each for shares that, at their late 2015 high, traded at 263.81. We also discussed the need for transformational change at the company and expressed a willingness to work with existing management or, alternatively, an external CEO candidate, to effectuate that change. [Full Article...]

Teva stock plummets 18% after rough quarter in USA generic drug market

Teva stock plummets 18% after rough quarter in USA generic drug market Sii Investments Inc. WI now owns 6,739 shares of the company's stock valued at $214,000 after buying an additional 25 shares during the last quarter. The Camber Capital Management Llc holds 4.72M shares with $171.26M value, up from 2.00 million last quarter. [Full Article...]

Census reveals that young adults are living with their parents longer

Census reveals that young adults are living with their parents longer The average Grande Prairie household has 2.6 people in it and the average family consists of three people, which is also the provincial average. The changing family dynamic in Canadian households is the result of demographic shifts like population aging and increasing cultural diversity. [Full Article...]

Boeing Dreamliner jet draws USA-sized self-portrait in the sky

Boeing Dreamliner jet draws USA-sized self-portrait in the sky The Boeing 787-8 Dreamliner was given clearance to follow a unique 4,000-mile route which sketched its shape on radar. Boeing Commercial Airplanes is headquartered out of the Puget Sound region in Washington, and it is there that the sky art plane's nose is pointing. [Full Article...]


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