Economy

Why we aren't too anxious about rising bond yields

According to the minutes, the Fed officials see increased economic growth and an uptick in inflation as justification to continue to raise interest rates gradually. Benchmarks in Japan and South Korea slid more than 1 percent. USA crude fell 0.36 percent to $61.57 per barrel and Brent was last at $65.18, down 0.11 percent. [Full Article...]

PNB fraud case: CBI arrests GM-rank officer Rajesh Jindal

PNB fraud case: CBI arrests GM-rank officer Rajesh Jindal Jindal, presently posted as GM (Credit) at PNB's Head Office in New Delhi , was heading the second largest branch of the PNB when the practice of issuing the LoUs without sanctioned limits began. "It is incumbent on us as a state ... to chase these people to the last possible conclusion to make sure the country is not cheated", he said. Choksi has not commented on the case but Gitanjali, in a sto... [Full Article...]

NDP carves out future for BC with first budget

NDP carves out future for BC with first budget Also increasing is the money going to B.C.'s Rental Assistance Program. Once fully implemented, the measures will bring in more than half a billion dollars annually to the treasury. "They are coming up woefully short on that", she said. The government expects to see revenue from income tax increase by $ 1 billion this year, compared with the 2017-18 fiscal year (from $8.8 billion to $9.8 billio... [Full Article...]

Govt planning 13-digit number for M2M communication

Govt planning 13-digit number for M2M communication However, this is applicable only to numbers used by machines to communicate with other machines and not normal retail mobile numbers. Bharti Airtel also confirmed the development in a written response to Trai's consultation paper where it said, "DoT has already approved a 13-digit numbering series for SIM-based M2M devices which will co-exist with the prevalent 10-digit mobile numbering scheme t... [Full Article...]

January Existing Home Sales: An Ominous Start to 2018

January Existing Home Sales: An Ominous Start to 2018 After decline in December, the sales were 4.8 percent lower than a year ago and at the slowest pace since last September's 5.37 million units. "The utter lack of sufficient housing supply and its influence on higher home prices muted overall sales activity in much of the USA last month", says Lawrence Yun, chief economist for NAR, in a statement. [Full Article...]

US Fed officials show rising confidence over growth, inflation outlook

US Fed officials show rising confidence over growth, inflation outlook Minneapolis Fed chief Neel Kashkari is expected to speak later in the day. Horchani said a hawkish tone to the minutes could push markets to price in the risk of a quicker U.S. The Hang Seng index rallied 1.8%, continuing to outperform the region after recovering from the widespread correction a few weeks ago. The Nasdaq is up 314.84 points, or 4.6 percent. [Full Article...]

Dish Network Highlights Sling TV Subscribers as Pay-TV Declines

Dish Network Highlights Sling TV Subscribers as Pay-TV Declines DISH Network Corp has a 12-month low of $42.28 and a 12-month high of $66.50. Quantitative Systematic Strategies LLC now owns 5,683 shares of the company's stock valued at $308,000 after buying an additional 1,439 shares in the last quarter. [Full Article...]

New Volvo S60 Confirmed For Summer Reveal

New Volvo S60 Confirmed For Summer Reveal While exact specifications haven't been released yet, it's expected that the V60 will continue the existing Volvo trim-level hierarchy; entry-level Momentum is likely to be joined by sporty R-Design and luxurious Inscription models when order books open. [Full Article...]

Jeff Bezos Shows Off His Latest Project: a 10000-Year Clock

Jeff Bezos Shows Off His Latest Project: a 10000-Year Clock The group built a couple of prototypes, but Bezos' clock - which Hillis is designing - will be the first to function on a full scale. As electronics can't be used in a clock that is meant to last 10,000 years, it's powered by thermal cycles; the changes in day and night temperatures keep it running. [Full Article...]

World's tallest wooden skyscraper to soar 350 meters above Tokyo

World's tallest wooden skyscraper to soar 350 meters above Tokyo According to Oona McGee of SoraNews24, architects will utilize "diagonally placed braces" to ensure that the building can withstand Japan's relatively frequent earthquakes . Wooden construction will increase through the optimal use of the strengths of trees. Wood also offers a relatively clean alternative to more commonly used materials. [Full Article...]

Guess?, Inc. Shareholder Alert - Improper Conduct Allegations & GES Stock Price Drop

Guess?, Inc. Shareholder Alert - Improper Conduct Allegations & GES Stock Price Drop The 65-year-old Guess co-founder and creative director denies the allegations, but the company's board of directors has commissioned an investigation by outside lawyers into the claims of improper conduct. Paul Marciano speaks onstage at the GUESS and Peace Over Violence celebration of the 15th anniversary of Denim Day at GUESS ? Inc. The company said in the release that Marciano has d... [Full Article...]

Active Valued Watching Stock: Coca-Cola European Partners plc (NYSE:CCE)

Active Valued Watching Stock: Coca-Cola European Partners plc (NYSE:CCE) It has underperformed by 17.65% the S&P500. Spectrum Management Group Inc. acquired a new position in shares of The Coca-Cola in the third quarter valued at about $137,000. Jacobus Wealth Mgmt Incorporated has invested 0.06% of its portfolio in The Coca-Cola Company (NYSE:KO). Ar Asset Mngmt reported 27,000 shares. Shelton Cap Mgmt has 0.23% invested in The Coca-Cola Company (NYSE:KO). [Full Article...]

JPMorgan Chase to build new NY headquarters

JPMorgan Chase to build new NY headquarters The project will involve the bank buying development rights from surrounding landmarks to build a larger building, which will also house staff from other locations. The rezoning of 78 blocks of east midtown Manhattan was approved by the New York City Council in August, with the goal of enabling the area's aging building stock to be replaced by more modern - and taller - office towers. [Full Article...]

Gateway Investment Advisers LLC Raises Position in Wal-Mart Stores Inc (WMT)

Gateway Investment Advisers LLC Raises Position in Wal-Mart Stores Inc (WMT) Several other research analysts have also commented on the stock. It also reduced its holding in Eog Resources Inc (NYSE:EOG) by 4,023 shares in the quarter, leaving it with 185,769 shares, and cut its stake in Guggenheim Bulletshares (BSJI). [Full Article...]

Cabinet decision ends Coal India's monopoly, stock trades negative on exchanges

Cabinet decision ends Coal India's monopoly, stock trades negative on exchanges Railway and Coal Minister Piyush Goyal told reporters here after a Cabinet meeting that it had approved the methodology for auctioning coal mines to private companies in order to bring efficiency into the sector. Coal India, which holds a monopoly in mining the fuel, saw its output between April and January rise 1.6% to 441 million tons, below its 470 million ton target. [Full Article...]

Uber Just Launched a New Option With Its Cheapest Fares Yet

Uber Just Launched a New Option With Its Cheapest Fares Yet And, as of Wednesday, it's officially adding a new service to its roster that'll cater to people who don't want to spend a lot of money: a low-priced carpool service called Express Pool. Previous reports have highlighted the decline in SEPTA ridership as rideshare apps such as Uber and Lyft grow more common in Philadelphia. "People love the price [of regular Uber POOL], but have mixed feelin... [Full Article...]

Broadcom Lowers Qualcomm's Offer in Response to Sweetened NXP Bid

Broadcom Lowers Qualcomm's Offer in Response to Sweetened NXP Bid Andrew Sandler increased its stake in Nxp Semiconductors N V ( NXPI ) by 50.94% based on its latest 2017Q3 regulatory filing with the SEC. The company's market cap is $42.97 Billion, and the average volume is $4.57 Million. The firm has "Sell" rating given on Monday, May 2 by Citigroup. Investors sentiment increased to 1.15 in 2017 Q3. Its the same as in 2017Q2. It increased, as 29 investors s... [Full Article...]

Gas prices in Omaha down 7 cents in the last week

Gas prices in Omaha down 7 cents in the last week On Monday, the average price for a gallon of regular unleaded in the Bradenton-Sarasota was $2.58, a drop of 8 cents during the past week. Other stations had a price of $2.19 per gallon: Stripes, 1262 USA 190, Valero, 1102 S. "If production slows at a high rate and/or if crude oil prices jump, these events could push pump prices back up in late February or March". Experts say the decrease is due... [Full Article...]

Research Report For Wynn Resorts Ltd. (WYNN)

Research Report For Wynn Resorts Ltd. (WYNN) The Volatility 3m is a similar percentage determined by the daily log normal returns and standard deviation of the share price over 3 months. It has outperformed by 6.00% the S&P500. The firm has "Buy" rating by Tigress Financial given on Monday, January 23. UBS maintained the shares of WYNN in report on Friday, September 29 with "Buy" rating. [Full Article...]

AT&T announces first three cities to receive its 5G internet

AT&T announces first three cities to receive its 5G internet AT&T, one of the largest mobile networks in the U.S., today announced its plans to roll out mobile 5G network to customers in a dozen cities, including parts of Dallas, Atlanta and Waco, Texas, by the end of this year. Bottlenecking the breadth of 5G capable devices would nearly certainly encourage some users to consider more expensive devices, but should such nefarious strategies start to appea... [Full Article...]


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