Economy

Aussie named in $678M cyber fraud ring investigation

Aussie named in $678M cyber fraud ring investigation In addition to facilitating the sale of stolen information, the department also alleged the network provided an escrow (temporary third-party) account so people could launder their proceeds using digital currencies including Bitcoin, Liberty Reserve, Perfect Money and WebMoney. [Full Article...]

Tesla's net loss quintuples as customers await Model 3 electric auto

Electric vehicle maker Tesla's fourth-quarter 2017 revenue matched Wall Street's expectations Wednesday, but the firm racked up a higher-than-expected loss and reported no improvement - and a lack of confidence - in the production timeline for its Model 3 sedan. [Full Article...]

Chipotle Mexican Grill gets sales boost from menu price hike

Chipotle Mexican Grill gets sales boost from menu price hike About 2.09 million shares traded or 90.98% up from the average. City Hldg Co now has $1.03 billion valuation. It closed at $19.56 lastly. It is down 37.76% since February 7, 2017 and is uptrending. The stock has "Buy" rating by Stifel Nicolaus on Monday, October 23. Therefore 25% are positive. Chipotle Mexican Grill Inc . had 220 analyst reports since July 22, 2015 according to SRatingsIntel. [Full Article...]

Marathon Petroleum Corporation (MPC) — Trending Stock Alert

When we see the company's Volatility, it now has a monthly volatility of 2.25% and weekly volatility of 4.07%. These ratios are Earnings Yield, ROIC, Price to Book, and 5 year average ROIC. Icon Advisers Co holds 45,000 shares. Meeder Asset Management holds 0.56% or 90,887 shares. Lord Abbett & Lc has invested 0.03% in Marathon Petroleum Corporation (NYSE:MPC). [Full Article...]

Experts urge calm during wild ride on Wall Street

Experts urge calm during wild ride on Wall Street The White House moved to reassure markets after the Dow Jones Industrial Average index dropped by 1,175 points . "Global markets are breathing a huge sigh of relief after a late rally in USA stocks yesterday", currency analysts at ING wrote in a report on Wednesday . [Full Article...]

Shareholder Leuthold Group LLC Has Increased Ford Motor Company (F) Stake

Shareholder Leuthold Group LLC Has Increased Ford Motor Company (F) Stake Overall, 25.96 Million shares exchanged hands versus its average trading volume of 12.72 Million shares. Winslow Evans & Crocker Inc. boosted its holdings in Ford Motor by 136.1% in the 4th quarter. Bank of New York Mellon Corp now owns 35,817,086 shares of the auto manufacturer's stock valued at $428,730,000 after acquiring an additional 2,518,396 shares in the last quarter. [Full Article...]

Los Angeles Times Sold To Biotech Billionaire Patrick Soon-Shiong

Los Angeles Times Sold To Biotech Billionaire Patrick Soon-Shiong The past few months have been particularly chaotic at the Times , with rapid turnover in the paper's top ranks and a major clash between management and journalists over a proposal to have more non-staffers contributing more news content. Soon-Shiong graduated from high school at the age of 16 and got accepted to the medical school at University of the Witwatersrand, Johannesburg. Tronc owns the... [Full Article...]

White House brushes off Trump's treason accusation against Dems as a joke

White House brushes off Trump's treason accusation against Dems as a joke And un-American", Trump said about the Democrats . Flake said it was "unconscionable" to suggest - as Trump did - that Democrats don't love the country as much as Republicans. "Here he is basically in bed with Russian Federation, with Putin, which basically smells like treason to a lot of people", Joy Behar said. "But what's serious is the Democrats seem to put their personal ha... [Full Article...]

Rio Tinto profits spike, record dividend on the way

Rio Tinto profits spike, record dividend on the way PNC Financial Services Group Inc. increased its stake in Rio Tinto by 3.2% during the second quarter. Traders may also be paying close attention to RSI levels on shares of Independence Contract Drilling Inc (ICD). The company has its outstanding shares of 1.85 Billion. Shares of Rio Tinto plc (LON:RIO) have been given an average rating of "Buy" by the twenty brokerages that are now covering ... [Full Article...]

Southwest Airlines plane skids off taxiway at Baltimore-Washington International Airport

Southwest Airlines plane skids off taxiway at Baltimore-Washington International Airport The passengers were deplaned and bussed to the terminal. The plane was moved away from the taxiway at around 12:30 p.m., the spokesperson said. There were no reported injuries. The aircraft skidded sideways on the taxiway while it was about to turn 180 degree into the runway for take off. The FAA said they will investigate the incident. [Full Article...]

Trudeau comes under fire for 'mansplaining,' correcting 'mankind' to 'peoplekind'

Trudeau comes under fire for 'mansplaining,' correcting 'mankind' to 'peoplekind' Following the "peoplekind" interaction , Trudeau began to answer the woman's question about charitable volunteering, before she interrupted him right back to ask him to study the Bible with her. On Tuesday, however, the president appeared to be holding his thumbs. His first stop: Chicago, where he'll kickstart his whistlestop U.S. tour by meeting with Illinois Governor Bruce Rauner and Chica... [Full Article...]

Stock Market Slump Looking More Like a Healthy Correction

Stock Market Slump Looking More Like a Healthy Correction The Dow declined more than 500 points before it, too, bounced back. Investors remain fearful that signs of rising inflation and higher interest rates could stifle the bull market that has pushed stocks to record high after record high in recent years. [Full Article...]

Oil closes lower as stock market plunges, stronger dollar weighs

Oil closes lower as stock market plunges, stronger dollar weighs Brent, used to price global oils, fell 73 cents, to trade at almost a month low of Dollars 67.85 a barrel. "To me this looks like a good old fashioned get-me-out trade". "A global sell-off in risk assets is gathering pace and sending the energy complex lower amid a sea of red", PVM Oil Associates Ltd. analysts Tamas Varga and Stephen Brennock wrote in a report. [Full Article...]

McDonald's fries could be answer to cure baldness

McDonald's fries could be answer to cure baldness Not all successful studies done on mice translate to humans or have the same outcomes, but it's promising that it had such a profound affect on mice. Japanese scientists have reportedly found a new treatment for hair loss . Prof Fukuda says hair loss troubles a substantial number of individuals all over the world, particularly in ageing societies. [Full Article...]

Inspector General Probes Labor Dept. on Tip Pool Rulemaking

Inspector General Probes Labor Dept. on Tip Pool Rulemaking Sharokina Shams, vice president of public affairs for the California Restaurant Association, said the restaurant association would be okay with that sort of stipulation, though she emphasized that under California labor law, changes to the federal rules would not impact workers here. [Full Article...]

Mashal murder case: 1 handed death penalty, 5 given 25-year-imprisonment

Mashal murder case: 1 handed death penalty, 5 given 25-year-imprisonment Imran Ali, who had pleaded guilty to shooting Mashal Khan in April after he was lynched by a group of students, was handed the death penalty and was also ordered to pay a fine of 150,000 Pakistani rupees ($1,355). Blasphemy is a sensitive subject in Pakistan, where around 40 people are on death row or serving life sentences for the crime, according to the United States Commission of Internatio... [Full Article...]

Picton Mahoney Asset Management Sells 9200 Shares of The Coca-Cola Co (KO)

Picton Mahoney Asset Management Sells 9200 Shares of The Coca-Cola Co (KO) Analysts mean Recommendation on a stock is noted at 2.40. The 683 Capital Management Llc holds 500,000 shares with $22.51 million value, down from 600,000 last quarter. ( NYSE:STI ), 16 have Buy rating , 0 Sell and 18 Hold. Therefore 100% are positive. Coca-Cola Bottling Co Consolidated has a twelve month low of $170.77 and a twelve month high of $249.54. [Full Article...]

Other Inverse Volatility Funds At Risk

Other Inverse Volatility Funds At Risk Even during the financial crisis of a decade ago, the VIX never had a one-day increase anywhere close to that seen on Monday (though the absolute level of the index was much higher, peaking around 90 in October 2008). "For the first time in quite a long while I think it is extremely enticing", Metz said. Amid Monday's plunge in US stocks, the VIX surged, but volatility exchange traded notes,... [Full Article...]

Numis Securities Reiterates "Add" Rating for Intermediate Capital Group (ICP)

Just Eat (LON:JE)'s stock had its "buy" rating restated by analysts at Peel Hunt in a note issued to investors on Wednesday. Therefore 89% are positive. The companyÂ's services include online seller access, salvage estimation, estimating, end-of-life vehicle processing, virtual insured exchange, transportation, vehicle inspection stations, on-demand reporting, motor vehicle regulatory agency proce... [Full Article...]

100 years since women won the vote

100 years since women won the vote Sharon Finnigan, from Apna Ghar, said: "It has been a really good day and we have had quite a few people along to join us". The UK Home Secretary has explained the complexity of granting pardons to imprisoned females who were demanding a vote right. [Full Article...]


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