Economy

McDonald's employee caught selling cocaine while on shift

McDonald's employee caught selling cocaine while on shift Guerrero ended up selling undercover cops over $10,000 worth of cocaine within eight different transactions. A McDonald's manager allegedly sold customers cocaine alongside their food while working the night shift. Guerrero had worked at McDonald's for eight years. Stay on top of breaking news stories with the ABC11 News AppGuerrero is charged with criminal sale of a controlled substance, ... [Full Article...]

Suvretta Capital Management LLC Increases Stake in Constellation Brands INC (STZ)

Suvretta Capital Management LLC Increases Stake in Constellation Brands INC (STZ) For the quarter, shares are performing at 3.83%. (NYSE: STZ ). Stifel Fin stated it has 0.04% in Constellation Brands, Inc . Shares of STZ have uptrended 2.66% in the past three months, while the S&P 500 has moved -0.14% in that time. The dividend payment was $0.520 per share for the quarter or $2.08 on an annualized basis. Return on assets is 8.80% and Return on equity (ROE) is 22.70% while ... [Full Article...]

New vehicle registrations in United Kingdom fall sharply in September

New vehicle registrations in United Kingdom fall sharply in September Looking at auto sales in the year-to-ate, the figures show a 3.9% fall in new vehicle registrations since the beginning of the year. The SMMT had been expecting an annual decline because previous years were strong, but it now looks as though that drop may be bigger than expected, a spokeswoman said. [Full Article...]

FedEx, UPS shares sink as Amazon reportedly tests delivery service

FedEx, UPS shares sink as Amazon reportedly tests delivery service Once again raising the specter of cutting out more business to UPS and FedEx , Amazon is reportedly testing a program that involves making local deliveries from the warehouses of retailers selling on its marketplace, according to a report from Bloomberg . [Full Article...]

Is Merlin trying to buy Busch Gardens from SeaWorld?

Is Merlin trying to buy Busch Gardens from SeaWorld? Another nugget from Axios is on the deal price: "Key number is 23". Seaworld Entertainment Inc Co ( SEAS)'s closing price of $14.00 has closed above it's Parabolic SAR reading, indicating a potential trend reversal. Vanguard Group Inc. now owns 5,552,907 shares of the company's stock valued at $90,345,000 after acquiring an additional 197,177 shares during the period. [Full Article...]

Canada's trade deficit widens to $3.4 billion in August

Canada's trade deficit widens to $3.4 billion in August According to economists at Royal Bank of Canada, market expectations heading into Thursday's Canada trade report was for a C$2.6 billion shortfall. Notable increases in exports of pharmaceutical preparations and telecommunications equipment were partly offset by decreases in exports of fuel oil and foods, feeds, and beverages. [Full Article...]

Saudi King on Historic Visit to Moscow

Saudi King on Historic Visit to Moscow The success of the collaboration between the world's two largest oil exporters is clear, said Saudi Minister of Energy and Industry Khalid Al-Falih. Tass reported that Moscow is hoping Saudi Arabia investment in Russian Federation will surpass $1 billion after the visit. [Full Article...]

TransCanada drops Energy East pipeline plan

TransCanada drops Energy East pipeline plan It said there would be no costs recovered from third parties. The suspension came after the regulator, the National Energy Board, expanded its planned review of the project, saying it will assess its indirect contributions to upstream and downstream greenhouse gas emissions. [Full Article...]

Spain rivals dig in as Catalonia crisis hits banks

Spain rivals dig in as Catalonia crisis hits banks The Spanish government says the vote was illegal and not valid, and blames Puigdemont for the violence. Spain's fifth-largest bank, Sabadell, will consider on Thursday whether to shift its headquarters away from Catalonia in the first major sign that the wealthy region's push for independence from Spain could scare away big business. [Full Article...]

Mr Dalit protest attack on WhatsApp after attack in Gujarat over moustache

Mr Dalit protest attack on WhatsApp after attack in Gujarat over moustache It is claimed the men, who belong to the Dalit (also referred to as the "untouchable") caste, were attacked by Rajputs, who objected to them having moustaches. Kaushik Parmar, one of the activists who was detained, stated that they had to resort to the protest as the state home department has failed to take strict actions against the accused in the Limbodara incidents. [Full Article...]

Tesla falters with Model 3 as initial output trails forecast

Tesla falters with Model 3 as initial output trails forecast However, the company was only able to deliver 220 Model 3 units. Tesla's electric semi-truck may have already been spotted ahead of its planned October 26 reveal, after a photo was taken of the suspected vehicle in an undisclosed location in California and posted on social media, Fox News reported. [Full Article...]

Tesla Posts Best Quarter in Q3

Tesla Posts Best Quarter in Q3 Gene Munster, analyst at Loup Ventures, wasted little time describing what he sees as hurting the Tesla narrative, saying in a report on Monday, "The real problem is that tonight's results chip away at investor Model 3 production confidence". [Full Article...]

Tesla shares skid as Model 3 production hits rough patch

Tesla shares skid as Model 3 production hits rough patch But what Tesla hasn't done is prove itself as a mass manufacturer. While some analysts may be concerned lately over Tesla's ability to manufacture the Model 3 on time, one Wall Street firm believes his peers are missing the big picture . [Full Article...]

Tesla (TSLA) Stock Recovers Despite Fears of Model 3 Production Bottleneck

Tesla (TSLA) Stock Recovers Despite Fears of Model 3 Production Bottleneck The Nomura analysts said Tesla is likely to overcome any Model 3 production constraints. In addition, he estimates the company's total vehicles deliveries will increase to 877,000 by 2021 from an estimated 112,000 this year. This eye-popping projection helped send Tesla stock up nearly 3% to hit $358.62 per share on Wednesday morning. Chanos has been shorting Tesla stock for quite some time ... [Full Article...]

Gilead Sciences, Inc. (NASDAQ:GILD)

Gilead Sciences, Inc. (NASDAQ:GILD) Returns and Valuations for Gilead Sciences, Inc . The stock of JD.Com Inc (ADR) (NASDAQ:JD) has "Buy" rating given on Tuesday, November 10 by HSBC. Capital Rech Global Investors invested 0.41% in Gilead Sciences, Inc . The insider Cogan John Francis sold 9,943 shares worth $668,667. Gilead Sciences, Inc . (NASDAQ: GILD ) has declined 21.80% since October 4, 2016 and is downtrending. [Full Article...]

Force India 'named in Vijay Mallya money laundering'

Force India 'named in Vijay Mallya money laundering' He also said that the British government needs to send out a strong message by not encouraging people like Mallya to reside in their country. Extradition is the act by one jurisdiction of delivering a person who has been accused of committing a crime in another jurisdiction. [Full Article...]

U.S. stocks notch record high ahead of Fed chair's speech

U.S. stocks notch record high ahead of Fed chair's speech The greenback eased against a currency basket after a Politico report said Fed Governor Jerome Powell was favored by US Treasury Secretary Steven Mnuchin as the new Fed chair over former governor Kevin Warsh . Policymakers last month pointed to another rate hike later this year and three times for next year, following the end of their two-day policy meeting. [Full Article...]

Are E-Cigarettes Safer Than Traditional Cigarettes?

Are E-Cigarettes Safer Than Traditional Cigarettes? According to a new study from the Georgetown Lombardi Comprehensive Cancer Center, an estimated 6.6 million smokers that kick traditional cigarettes to the curb could live a combined 86 million more years than those who don't. "Now, we have some of the most respected American researchers in the field of tobacco control explaining in detail how vaping can and will save lives", Conley said. [Full Article...]

Rich Uncle Pennybags Trolls Equifax Senate Hearing

Rich Uncle Pennybags Trolls Equifax Senate Hearing Public Citizen and Americans for Financial Reform took credit for the stunt in a statement. The group Public Citizen claimed responsibility for the subtle photobombing protest. The Senate has until early November to act. "I am dressed as the Monopoly Man to call attention to Equifax and Wells Fargo's use of forced arbitration as a get-out-of-jail-free card for massive misconduct", Werner ... [Full Article...]

JK attack ends, hunt on for 7 terrorists

JK attack ends, hunt on for 7 terrorists It took them over two days to sanitise the air base, The force was also part of the operations during the Mumbai 26\11 attack. One BSF soldier was killed and three of the militants neutralized by security forces. The area has a cluster of security installations, including the technical airport used by Armed Forces and VIPs, the Gogo Humhama Air Force Station, and facilities of the BSF and CRPF... [Full Article...]


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