Economy

Wall St cuts gains after Fed sees rising inflation

Wall St cuts gains after Fed sees rising inflation Chipmaker Advanced Micro Devices added 74 cents, or 5.7 percent, to $13.61. Shares of Goldman Sachs and Bank of America, however, rose 1.6 percent and 0.25 percent, respectively. "Pullbacks are usually a healthy sign, so a healthy bounce might be in the cards". We are not saying yields are going to scream higher. James Norman, president at QS Investors, a quantitative asset manager that is a s... [Full Article...]

AT&T earnings: 78 cents per share, vs expected EPS of 65 cents

AT&T earnings: 78 cents per share, vs expected EPS of 65 cents AT&T's wireless cancellation rate was 0.89 percent, its best ever in the fourth quarter. Wall Street was expecting earnings of 75 cents per share on revenue of $40.1 billion. The company could also stand to benefit from the FCC's recent repeal of net neutrality regulation. He said, however, that Congress needs to create legislation that governs internet companies and protects consumers. [Full Article...]

Amazon Will Tout 'Jack Ryan' Series in Super Bowl Ad

Amazon Will Tout 'Jack Ryan' Series in Super Bowl Ad In the trailer we meet John's title character, Jack Ryan , a Central Intelligence Agency analyst who is brought to the front lines in the war against terror. 4, but you don't have to wait until then. The series will mark the first time that the best-selling author's popular character has been brought to the small screen. [Full Article...]

Elon Musk raises $10M for tunnel project by selling flamethrowers

Elon Musk raises $10M for tunnel project by selling flamethrowers It took Elon Musk four days to turn a practical joke into a $10 million gag. Asked whether the Boring Company's new device was authentic or, in fact, some sort of early April Fools' Day joke, a company spokesman insisted that the device was no joke, according to the San Jose Mercury News . [Full Article...]

Bitcoins Prices Slide 9% To $9000 On Arun Jaitley's Warning against Cryptocurrencies

Bitcoins Prices Slide 9% To $9000 On Arun Jaitley's Warning against Cryptocurrencies But while coming down heavily on the popularity in usage of cryptocurrencies , the government has not commented on whether trading in cryptocurrencies is illegal and whether bitcoin exchanges can function in the country. This is in light of Indian banks removing payment support for these exchanges making it hard to convert fiat money into cryptocurrencies. After the Finance Minister's remarks o... [Full Article...]

Bitcoin price faces worst monthly decline since December 2013

Bitcoin price faces worst monthly decline since December 2013 In a statement , a Tether spokesperson confirmed that "the relationship with Friedman is dissolved ". At the time, that amount was equivalent to the amount of USDT that had been issued. Over the last seven days, Tether has traded down 0.8% against the USA dollar. News of the subpoenas, which were delivered on December 6 but reported only this week, prompted a sell-off of bitcoin and ... [Full Article...]

Japan's Line to launch cryptocurrency exchange

Japan's Line to launch cryptocurrency exchange Line said it had already begun the process of registering its new virtual currency business with Japan's Financial Services Agency, which regulates cryptocurrency exchanges in the country. In a move meant to build its position in the financial business sphere, the new company will also foster research and development of technologies like blockchain, it adds. [Full Article...]

Appeals Court: Tinder Plus Pricing Discriminates Based On Age

Appeals Court: Tinder Plus Pricing Discriminates Based On Age During the same year, social media consultant and adjunct professor, Jeff Gibbard, wrote his own tidbit for WIRED, but this one was to argue that Tinder wasn't discriminating against age. The ruling overturned a judgement in a lower California court. Here, businesses are allowed to offer discounts on services based on age but the ruling in the U.S. [Full Article...]

Samsung Ventures Into The Mass Production Of Cryptocurrency Mining Chips

Samsung Ventures Into The Mass Production Of Cryptocurrency Mining Chips Samsung has announced that it will be manufacturing ASIC Chips for one objective which is to mine Cryptocurrency . The three companies will now compete for the same clientele, the ones who deal in finished mining products. Anyone can mine Bitcoin by using their home computer. These companies specialise in producing ASICs (application-specific integrated circuits), chips explicitly created to... [Full Article...]

Brexit outcome studies to be released by government, pending Commons vote

Brexit outcome studies to be released by government, pending Commons vote This would rise to 8% if Britain left without a deal and was forced to fall back on World Trade Organisation rules. The government's secret Brexit impact analysis shows that the cost to the British economy of cutting migration from the European Union would be significantly greater than the benefits brought by a United States trade deal. [Full Article...]

Hammerson (HMSO) Receives "Hold" Rating from Peel Hunt

The stock of Low & Bonar plc (LON:LWB) has "Hold" rating given on Sunday, October 4 by Cantor Fitzgerald. On Thursday, August 17 the stock rating was maintained by Morgan Stanley with "Overweight". Baldwin Brothers Ma accumulated 0.01% or 5,000 shares. Hudock Cap Grp Ltd Llc reported 300 shares. Among 14 analysts covering Zoopla Property Group (LON:ZPG), 10 have Buy rating, 1 Sell and 3 Hold. [Full Article...]

Analysts See $0.59 EPS for New Jersey Resources Corporation (NJR)

Raging Capital Management Llc who had been investing in Antero Res Corp for a number of months, seems to be less bullish one the $6.05 billion market cap company. Barrow Hanley Mewhinney And Strauss Ltd Liability Company accumulated 2.07% or 27.77M shares. Thrivent Financial For Lutherans has 0.03% invested in Ventas, Inc. [Full Article...]

Analysts See $0.38 EPS for Healthcare Realty Trust Incorporated (HR)

About 180,768 shares traded. KeyBanc Capital Markets downgraded Healthcare Realty Trust Incorporated (NYSE:HR) on Friday, December 16 to "Underweight" rating. The stock of AbbVie Inc. The firm has "Buy" rating given on Monday, November 14 by Cantor Fitzgerald. The other 2 are split, though not evenly, between analysts who think you should buy its stock versus those who think you should sell it. [Full Article...]

PayPal sees 24% revenue growth in its latest quarter

PayPal sees 24% revenue growth in its latest quarter Adyen accepts payments in 150 currencies. "The biggest surprise from the quarter was the acceleration in growth of the core US Marketplace business, which sets eBay on a stronger trajectory entering 2018", Baird Equity Research analyst Colin Sebastian said. [Full Article...]

OUE Commercial Real Estate Investment Trust (SGX:TS0U) Quant Investor Update

In general, companies with the lowest combined rank may be the higher quality picks. The stock decreased 1.05% or $0.3 during the last trading session, reaching $28.16. The rating was upgraded by CapitalOne on Thursday, December 3 to "Overweight". 3 investors had the stock in their top 10. The stock of Washington Real Estate Investment Trust (NYSE:WRE) has "Outperform" rating given on Monday, Ja... [Full Article...]

96 cents per share, vs expected EPS of 86 cents — Microsoft earnings

96 cents per share, vs expected EPS of 86 cents — Microsoft earnings Investors sentiment increased to 0.83 in 2017 Q3. Its down 0.64, from 1.78 in 2017Q2. It fall, as 60 investors sold BBY shares while 189 reduced holdings. Its down 0.03, from 0.79 in 2017Q2. It is positive, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. [Full Article...]

Twenty-First Century Fox, Inc. (FOXA) Eye-Catching Institutional Ownership of 99.60%

Coronation Fund Managers Ltd. trimmed its position in Twenty-First Century Fox Inc (NASDAQ:FOX) by 22.0% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). Therefore 50% are positive. Brown-Forman had 36 analyst reports since July 21, 2015 according to SRatingsIntel. Twenty-First Century Fox Inc has a 1 year low of... [Full Article...]

Fed leaves rates unchanged, sees inflation rising this year

Fed leaves rates unchanged, sees inflation rising this year Michael Pearce, senior USA economist at Capital Economics , agreed, saying the signal of a March rate hike can be small, even just a change in tone. As expected the US central bank kept interest rates unchanged with in a range between 1.25% and 1.50%. [Full Article...]

Gas prices could reach $3 by Spring

Gas prices could reach $3 by Spring In Houston, fuel prices are almost 20 cents higher than they were at this time past year, when the cost of oil was much lower. Analysts say the rising pump prices in recent weeks are mostly due to increasing US crude oil prices. The most report from the Energy Information Administration showed a decrease of 1.1 million barrels from the previous week, putting supplies at their lowest level in thr... [Full Article...]

Price Target Overview of Gilead Sciences Inc. (GILD)

The stock increased 3.91% or $3.34 during the last trading session, reaching $88.8. If a stock does not have good liquidity then it may take some time before a broker is able to negotiate a deal to buy or sell a stock and the broker may not be able to get the sell or buy price that the trader is looking for. [Full Article...]


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