Economy

Photo of purported Walmart gun display roils social media

Photo of purported Walmart gun display roils social media The company described the display as " truly awful " and said Wednesday that it is "working diligently" to find out which store featured the display and ensure that it is taken down, according to CNN Money . It should also be noted that despite its clearly insensitive sign placement, the store is not "selling its guns to schoolchildren". Walmart spokesman Charles Crowson says the photo is consi... [Full Article...]

Wall Street higher but on track for deep weekly losses

Wall Street higher but on track for deep weekly losses Falls were also seen on Wall Street, with the Dow Jones Industrial Average down 0.5% about 15 minutes into trading and the Nasdaq tumbling by 0.6%. Currently, the major averages remain in positive territory but off their best levels of the day. [Full Article...]

Analysts See $0.72 EPS for TELUS Corporation

Analysts See $0.72 EPS for TELUS Corporation Raymond James Trust N.A. now owns 6,854 shares of the Wireless communications provider's stock worth $222,000 after buying an additional 465 shares during the last quarter. Investors of record on Friday, September 8th will be issued a $0.3884 dividend. RBC Capital Markets maintained TELUS Corporation (USA) (NYSE:TU) on Monday, August 10 with "Outperform" rating. [Full Article...]

Dollar and South Korean Won Slip Amid North Korea Tensions

Dollar and South Korean Won Slip Amid North Korea Tensions The dollar index, which gauges the greenback against the currencies of six major USA trading partners, was last 0.2% down on the day during afternoon European trading hours - it stood at 93.20. Spot gold added 0.4 percent to $1,265.18 an ounce, pulling away from the previous session's two-week lows. On the currency markets, sterling rose 0.2% to flit around the 1.30 USA dollar mark, with t... [Full Article...]

Credit Suisse Group Reaffirms Underperform Rating for Discovery Communications, Inc. (NASDAQ:DISCA)

Clearbridge Investments LLC now owns 17,843,671 shares of the company's stock worth $519,072,000 after buying an additional 399,171 shares during the last quarter. The corporation posted $0.68 EPS for the period, falling below Zacks' average forecast of $0.72 by $0.04, MarketWatch Earnings reports. (NASDAQ:DISCA). [Full Article...]

European Stocks Deepen Declines as North Korea Tensions Linger

The lower close on Tuesday came on the heels of remarks by President Donald Trump warning North Korea against making further threats. Dow e-minis were down 35 points, or 0.16 percent, with 37,467 contracts changing hands at 8:40 a.m. [Full Article...]

Stocks tumble on North Korea worries

Stocks tumble on North Korea worries The Japanese markets were closed for a holiday. "What's happened in North Korea is enough to do that". It has been more than a year since the last 5% downdraft in stocks and more than 76 weeks since the stock market suffered a 10% loss. [Full Article...]

VW Group, Tata Motors end talks on emerging markets cooperation

VW Group, Tata Motors end talks on emerging markets cooperation The companies signed a memorandum of understanding at the Geneva International Motor Show in March to develop economy vehicle concepts. Tata Motors and Skoda Auto have ended discussions for a potential partnership that would have seen the two automakers and the VW Group sharing vehicle platforms, engines and even production facilities. [Full Article...]

Petroleo Brasileiro SA- Petrobras (NYSE:PBR) Stock Rating Upgraded by TheStreet

Petroleo Brasileiro SA- Petrobras (NYSE:PBR) Stock Rating Upgraded by TheStreet The company holds 6.44 billion outstanding shares and 4.02 billion shares are floating in market. The stock declined 0.96% or $0.09 reaching $8.77 on the news. Therefore 33% are positive. As per Wednesday, February 22, the company rating was upgraded by Bank of America. The count of Hold ratings in that period was 7. [Full Article...]

Disney Paid 'At Least' $177 Million to Settle Lawsuit Against ABC

Disney Paid 'At Least' $177 Million to Settle Lawsuit Against ABC Food Safety News reported that it appeared the $177 million was Disney's payment on top of the amount its insurance covered. ABC News did not invent the term " pink slime ", which was was first used by a government biologist in a private email to colleagues. [Full Article...]

Gold Prices Hit 2-Month Highs, Defensive Demand Continues

Gold Prices Hit 2-Month Highs, Defensive Demand Continues Pacific territory of Guam. The dollar last changed hands at 108.96 yen , down 0.2 percent. Also adding support to gold was disappointing U.S. economic data which reduced the chances of a U.S. Computer hardware stocks rebounded following recent weakness, with the NYSE Arca Computer Hardware Index climbing by 1.4 percent. The data suggested little sign of inflationary pressure within the ec... [Full Article...]

Applebee's Parent DineEquity Stock Surges 14% After Profit Beat

Applebee's Parent DineEquity Stock Surges 14% After Profit Beat While the figure exceeded Wall Street expectations of $1.17 a share, it represented a drop of about 20 percent year over year. Zacks Investment Research's sales averages are an average based on a survey of research analysts that that provide coverage for DineEquity. [Full Article...]

North Korea tensions send USA dollar to eight-week low vs yen

North Korea tensions send USA dollar to eight-week low vs yen Trading was thinner than usual, with Japanese markets closed for a public holiday. Simmering tensions between the USA and North Korea have come back to the boil in recent days after Pyongyang disclosed plans to fire missiles over Japan to land near America's Pacific territory of Guam. [Full Article...]

Technical Update on Lattice Hartford Multifactor US Equity ETF (ROUS) Shares

Technical Update on Lattice Hartford Multifactor US Equity ETF (ROUS) Shares By simply learning about the ins and outs of equity market in the United Kingdom, they, too, can succeed financially in their own ways. This may take some time to master, and there may be some bumps along the way. Williams %R is a popular technical indicator created by Larry Williams to help identify overbought and oversold situations. RSI can also be a valuable tool for trying to spot larger mark... [Full Article...]

Nordstrom, Mulling Take-Private, Reports Strong Second-Quarter Earnings

Nordstrom, Mulling Take-Private, Reports Strong Second-Quarter Earnings The business is scheduled to issue its next earnings results after the market closes on Thursday, August 10th. (JWN) is its Earnings per Share or EPS. Nordstrom has a 1-year low of $39.53 and a 1-year high of $62.82. The firm has a market cap of $7.42 billion, a PE ratio of 20.91 and a beta of 0.83. [Full Article...]

Acura Unveils a Redesigned RLX for 2018

Acura Unveils a Redesigned RLX for 2018 Completing the aggressive makeover are new wheel designs. I'm skeptically excited, and I'm really happy Acura found a corporate grille that doesn't suck with that new down-pointing pentagon. The non-hybrid RLX will have 310 horsepower and come standard with precision all-wheel steer. The most notable aesthetic update for 2018 is the grille, which is the same beak-free grille you see on other... [Full Article...]

GDP growth of 6.75-7.5% faces downside risks: Economic Survey-II

GDP growth of 6.75-7.5% faces downside risks: Economic Survey-II In a first of its kind mid-year economic survey , the government highlighted that achieving the upper-end of 6.75-7.5 percent growth will be hard in 2017-18, putting to rest earlier projections that cited a growth rate of 6.75-7.5 percent in the current fiscal. [Full Article...]

Beijing protests United States navy destroyer's freedom of navigation operation in disputed waters

The Foreign Ministry pointed out that that the so-called USA "freedom of navigation" mission was carried out without authorization from Beijing, with has "indisputable sovereignty over the Nansha Islands (Spratley) and its surrounding waters". [Full Article...]

USA wants dialogue between India-China over Doklam

USA wants dialogue between India-China over Doklam Indian External Affairs minister Sushma Swaraj on Friday met Bhutanese Foreign Minister Damcho Dorji on the sidelines of BIMSTEC in Nepal's Kathmandu. The meeting was focused mainly on the standoff between the armies of India and China in Doklam in the Sikkim sector. Referring to the two-month long Doklam standoff , U.S. [Full Article...]

Producer Price Index (PPI) Declines in July, Raising Potential Disinflation Concerns

Producer Price Index (PPI) Declines in July, Raising Potential Disinflation Concerns The Labor Department said its producer price index for final demand edged down by 0.1% in July after inching up by 0.1% in June. Prices of US government debt rose after Friday's data while the dollar .DXY fell against a basket of currencies. [Full Article...]


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