Economy

CDSL shares jump 80% on stock market debut

CDSL shares jump 80% on stock market debut The IPO, which was a pure offer for sale, saw the company's existing shareholders-stock exchange BSE India Ltd, the country's top lender State Bank of India Ltd (SBI), Bank of Baroda Ltd and The Calcutta Stock Exchange-sell around 35.16 million shares. [Full Article...]

GOP releases newest version of Senate health care bill

GOP releases newest version of Senate health care bill Progressive groups predicted IL will see hundreds of thousands people lose health insurance coverage if Congress approves the Senate Republican plan to replace Obamacare . According to several outlets , the CBO report might make the bill politically hard for majority leader Mitch McConnell who needs fifty votes to pass the bill. [Full Article...]

China factory activity picks up but analysts warn on growth

China factory activity picks up but analysts warn on growth New orders in the month also rose to 53.1 from May's 52.3, with export orders putting on 1.3 percentage points to 52.0 in a sign of solid external demand. "Even with higher-than-expected PMIs in June, the moderation in second-quarter GDP growth is inevitable, in our view", it added. In the first quarter, China's GDP grew 6.9 percent on-year, slightly faster than the 6.8 percent forecast in a R... [Full Article...]

Energy Transfer Equity, LP (ETE) Stock Rating Upgraded by BidaskClub

Energy Transfer Equity, LP (ETE) Stock Rating Upgraded by BidaskClub Brown Advisory Inc. boosted its position in Energy Transfer Equity, L.P.by 86.6% in the fourth quarter. About shares traded. Magyar Bancorp, Inc. Pointe Capital Management LLC purchased a new stake in Energy Transfer Equity, L.P. The rating was downgraded by Goldman Sachs to "Neutral" on Wednesday, January 6. The company was upgraded on Tuesday, May 9 by Stifel Nicolaus. 11/21/2016 - ENERGY TRAN... [Full Article...]

KB Home's (KBH) Neutral Rating Reiterated at Royal Bank Of Canada

The hedge fund owned 18,833 stocks of the construction firms shares after disposing 807 shares through out the quarter. CIBC World Markets Inc. now owns 181,287 shares of the construction company's stock worth $3,604,000 after buying an additional 3,302 shares in the last quarter. [Full Article...]

Energy Transfer Equity, LP (ETE) Stake Cut by KCG Holdings Inc

Energy Transfer Equity, LP (ETE) Stake Cut by KCG Holdings Inc Fernwood Mgmt Limited Company holds 0.25% in Energy Transfer Partners LP (NYSE: ETP ) or 7,179 shares. It has outperformed by 25.98% the S&P500. Southport Management Llc increased its stake in Blackstone Group LP (BX) by 33.33% based on its latest 2016Q4 regulatory filing with the SEC. [Full Article...]

Analysts See $1.37 EPS for Micron Technology, Inc. (MU)

Analysts See $1.37 EPS for Micron Technology, Inc. (MU) The difference between the expected and actual EPS was $0.04/share, which represents an Earnings surprise of 4.7%. Citigroup Inc. boosted their price objective on Micron Technology from $30.00 to $35.00 and gave the stock a "buy" rating in a research report on Monday, February 27th. [Full Article...]

Tigers power past Royals 7-3

One executive from a club that needs pitching said Verlander following a spectacular 2016 had been appreciably worse in 2017, a malady also affecting Gerrit Cole and Jose Quintana, two names that are expected to headline the market for starting pitching in July as well as Sonny Gray, who has not been all that great this season either. [Full Article...]

USA first-quarter GDP growth revised up to 1.4 percent

USA first-quarter GDP growth revised up to 1.4 percent Though consumer spending was held down by several factors - including a drop in spending on home heating during an unusually warm winter and falling mobile phone plan prices - the new estimate showed a rebound, revising the increase up a half point to 1.1 percent. [Full Article...]

Ford Issues Safety Recall For 2015-2017 Transit Driveshaft Flexible Coupling

Ford Issues Safety Recall For 2015-2017 Transit Driveshaft Flexible Coupling Ford is reportedly not aware of any accidents or injuries associated with this particular issue. According to Ford, the flexible driveshaft coupling may deteriorate prematurely and fail, causing the driveshaft to split. The affected Ford Transit vehicles were built in the Michigan-based company's Kansas City assembly plant from January 17, 2014 to June 15, 2017. Dealers are contacting owners to ... [Full Article...]

Physicians Realty Trust (NYSE:DOC) Institutional Investor Sentiment Analysis

Physicians Realty Trust (NYSE:DOC) Institutional Investor Sentiment Analysis Investors of record on Monday, July 10th will be paid a dividend of $0.31 per share. It has underperformed by 17.22% the S&P500. Brown Advisory Inc. (NYSE:EDR) to report earnings on August, 7. The business's quarterly revenue was up 9.2% on a year-over-year basis. DOC's profit would be $43.14 million giving it 18.20 P/E if the $0.28 EPS is correct. [Full Article...]

Barack Obama 'sent digital bombs to Russian Federation as revenge for election hacking'

Barack Obama 'sent digital bombs to Russian Federation as revenge for election hacking' During the period when Obama was waffling over disclosure - August through September - his Democrat administration never believed that Trump could win the election with or without Russian influence. He eventually relented and conceded that Russian Federation was behind the attacks, but has not let up in his criticism of the ongoing investigations and media reporting on the issue, characterizin... [Full Article...]

Nike confirms deal to sell shoes through Amazon

Nike confirms deal to sell shoes through Amazon Keep in mind that Investors should not rely only on an analyst's recommendation when taking a decision whether to buy, hold, or sell a stock. About 374,506 shares traded. Makes Most of Its Money" with publication date: "June 08, 2017. Since January 3, 2017, it had 1 insider buy, and 9 insider sales for $48.27 million activity. [Full Article...]

Shkreli Defense Opens Securities Trial to Tune of 'Born This Way'

Shkreli Defense Opens Securities Trial to Tune of 'Born This Way' Later, in reference to another one of Gaga's song "Million Reasons", Brafman made his case again. A United States pharmaceutical company executive who became a symbol of industry greed is about to stand trial for securities fraud. He faces up to 20 years in prison if convicted. Brafman's more substantive argument Wednesday was that Shkreli's hedge fund investors were high rollers who knew th... [Full Article...]

API Applauds Admin Action To Rescind Harmful Wotus Rule, Promote US Jobs

API Applauds Admin Action To Rescind Harmful Wotus Rule, Promote US Jobs Our members provide most of the nation's energy and are backed by a growing grassroots movement of more than 40 million Americans. "As the case of California farmer John Duarte clearly highlights, the Corps (Army Corps of Engineers) and DOJ (Justice Department) also need to re-evaluate and revise their enforcement of the Clean Water Act and WOTUS to ensure we protect our farmers and ranchers from ... [Full Article...]

Berkshire Hathaway set to become Bank of America's largest investor

Berkshire Hathaway set to become Bank of America's largest investor Berkshire has warrants to buy 700 million common shares of Bank of America at $7.14 each, or about $5 billion. Buffett had bought $5 billion of Bank of America preferred stock with a 6 percent dividend, or $300 million annually, in August 2011, when investors anxious about the bank's capital needs. [Full Article...]

Little-known Koepka Wins US Open Golf Championship

Little-known Koepka Wins US Open Golf Championship Open record 63 on Saturday. "Going over to play the Challenge Tour was really, really cool", he said. Thomas broke the U.S. Open record for lowest round in relation to par when he shot a nine-under 63 at Erin Hills on Saturday. "The conditions were so tough", Harman said. No one had a chance. "It's fun to watch, but it's not a typical U.S. Open". Furyk closed with a 72. The tournament was ... [Full Article...]

Long term Growth Analysis of Walgreens Boots Alliance, Inc. (NASDAQ:WBA)

Long term Growth Analysis of Walgreens Boots Alliance, Inc. (NASDAQ:WBA) The simple 20 day moving average for Walgreens Boots Alliance, Inc.is -3.24% and the simple 200-day moving average is at -6.25%. Webster Bank N.A. raised its position in Walgreens Boots Alliance by 18.4% in the first quarter. 1 is equivalent to a buy rating, 3 a hold rating, and 5 a sell rating. Deutsche Bank maintained it with "Buy" rating and $94 target in Tuesday, August 30 report. [Full Article...]

Standpoint Research Upgrades Rating On General Electric Company (GE)

It has underperformed by 17.22% the S&P500. Jnba Financial Advisors decreased General Electric Co (GE) stake by 74.54% reported in 2016Q4 SEC filing. (NASDAQ:EBAY) shares tanked -0.51% to $34.91 on Tuesday. 43,069 are owned by First Merchants Corporation. GSM's SI was 3.60 million shares in June as released by FINRA. [Full Article...]

Major ransomware attack hits Australia

Major ransomware attack hits Australia Mondelez is among large, global firms targeted by the virus, which crippled computers by encrypting hard drives and overwriting files, and then demanded $US300 ($NZ410) in bitcoin to restore access. The Australian Broadcasting Commission ( ABC ) reported that global law firm DLA Piper had told Australian staff of a "major cyber incident". Prime Minister Malcolm Turnbull insists the government ... [Full Article...]


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