Economy

Emmanuel Macron holds first Cabinet meeting

Emmanuel Macron holds first Cabinet meeting The statement said the presidents agreed to "jointly work on current worldwide and regional issues, including the fight against terrorism". Pope Francis has sent new French President Emmanuel Macron his congratulations and a few words of encouragement. [Full Article...]

China's banking regulator to step up protection after cyber attack

China's banking regulator to step up protection after cyber attack The worm encrypts data on an infected system, and then tells the user that their files have been locked and displays information on how much is to be paid and when - up to roughly $600 in bitcoin. Microsoft blames governments for storing important data on software that was vulnerable and could be easily accessed by hackers. The longer the users wait, the higher the ransom money. [Full Article...]

Ross Stores Announces Quarterly Dividend

Ross Stores Announces Quarterly Dividend Moreover, Marshfield Associates has 4.08% invested in the company for 814,368 shares. Investors may also be paying close concentration to some simple moving average indicators on shares of Ross Stores , Inc. The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Stockholders of record on Tuesday, June 6th will be given a dividend of $0.16 per share. [Full Article...]

China to hold next Belt and Road forum in 2019

China to hold next Belt and Road forum in 2019 Among the infrastructure projects that are part of the initiative include the Addis Ababa-Djibouti Railway that connects the Ethiopian capital Addis Ababa with the port of Djibouti. It calls for expanding trade across Asia, Africa and Europe by investing in ports, railways and other facilities, but governments including Russia, Washington and India are uneasy Beijing also is using it to gain pol... [Full Article...]

Marcus: Why didn't Trump want anyone to hear his conversation with Comey?

Marcus: Why didn't Trump want anyone to hear his conversation with Comey? Trump is giving the commencement address at the U.S. Coast Guard Academy. House Republicans have mixed reactions to the surprise announcement that the Justice Department has appointed former FBI Director Robert Mueller as a special counsel to oversee a federal investigation into possible collusion between Russian Federation and the Trump campaign in 2016. [Full Article...]

Microsoft Criticizes Government Creation of Hacking Tools

Microsoft Criticizes Government Creation of Hacking Tools Indian IT companies like Infosys and Wipro are also monitoring their systems and taking necessary precautions to ensure business continuity for their clients. The exploits are built to take advantage of software flaws. "But this is one in which what's broken is the system by which we fix". "Clearly having the vulnerability be in Microsoft software was one of the key elements", said Steve Grobm... [Full Article...]

The US Increase Sanctions on Iran but Leaves Nuclear Deal Intact

China lodges an official protest with the United States over new U.S. sanctions on Iran that target a Chinese business tied to Tehran's ballistic missile program. But in April, Mr Trump ordered a wider review of the nuclear deal, and Secretary of State Rex Tillerson said Iran "remains a leading state sponsor of terror, through many platforms and methods". [Full Article...]

OPEC crude production rises in April - IEA

The Organization of the Petroleum Exporting Countries meets in Vienna on May 25 to consider whether to extend output cuts agreed in December past year between OPEC and 11 non-member countries, including Russian Federation. EDT. With both Saudi Arabia and Russian Federation, the world's two largest producers, behind an extension, the prolonged cuts appear to be a done deal, even before the May 25... [Full Article...]

Colgate-Palmolive Is Rising After CEO Suggests He's Open To A Sale

The company reported $0.67 earnings per share for the quarter, topping the Zacks' consensus estimate of $0.66 by $0.01. The Return on Equity (ROE) value stands at 0%. The Company has 52-week high of $74.69 and 52-week low of $63.09. The stock has a market cap of $65.30 billion, a P/E ratio of 26.68 and a beta of 0.70. [Full Article...]

Graham calls on Comey to testify, doesn't want 'trial by newspaper'

Graham calls on Comey to testify, doesn't want 'trial by newspaper' The claim by fired FBI Director James B. Comey that President Trump asked him to shut down an investigation of former national security advisor Michael Flynn is potentially the most explosive development in the unfolding saga of investigations into possible collusion between Russian Federation and Trump's 2016 campaign. [Full Article...]

Snap misses expectations with Q1 2017 earnings, reports loss of $2.2 billion

Snap misses expectations with Q1 2017 earnings, reports loss of $2.2 billion The company's shares fell almost 25% to $17.39 in the wake of the first quarterly earnings report since Snap's highly-publicized initial public offering in March, according to Reuters . On Wednesday, the CEO of Snapchat's parent company finally responded. Meanwhile, Facebook itself boasts more than 1.9 billion monthly users. "If you want to be a creative company, you have got to be comf... [Full Article...]

Wall St sinks on Trump

Wall St sinks on Trump More details have come to light in the investigation over the Trump campaign's ties to Russia. A report from Reuters said former National Security Adviser Michael Flynn and others in Donald Trump's presidential campaign had extensive contacts with Russian officials. [Full Article...]

Gander Mountain: 'Everything must go now' in liquidation sale

Gander Mountain: 'Everything must go now' in liquidation sale In a tweet on Thursday, he said the Madison store and a few others in Wisconsin will remain open. An ad visible on Gander Mountain's website on May 7, 2017 shows the struggling outdoor retailer will be liquidating merchandise at its stores. [Full Article...]

Stock Watch Near-Term: Shell Midstream Partners, LP (NYSE:SHLX)

Stock Watch Near-Term: Shell Midstream Partners, LP (NYSE:SHLX) Enable Midstream Partners, LP ( ENBL ) will begin trading ex-dividend on May 19, 2017. Finally, Royal Bank of Canada reiterated a "buy" rating and issued a $98.00 price objective on shares of EQT Midstream Partners in a research note on Friday, March 17th. [Full Article...]

Singer Chris Cornell hanged himself, medical examiner says

Singer Chris Cornell hanged himself, medical examiner says Aerosmith guitarist Joe Perry tweeted: "Very sad news about Chris Cornell today". This particular song may not be the first song of the singer's that we think of (I'd argue that honor goes to " Black Hole Sun " or " Spoonman "), but it absolutely carries the signature of Cornell: rocking, rollicking, and bursting with energy. [Full Article...]

USA and European Union reject in-flight laptop ban

USA and European Union reject in-flight laptop ban In March, the United States imposed a similar ban on some 10 airports from eight countries around the Middle East and parts of north Africa, with the UK also taking similar measures. The measure was introduced over fears a bomb could be concealed in a device. "While the Secretary has not made a final decision on expanding the restriction on large electronic devices in aircraft cabins to addition... [Full Article...]

Gold, silver futures settle lower

Gold, silver futures settle lower Gold prices hit a two-week high on Wednesday as Asian stocks slipped and the dollar was pressured after underwhelming U.S. housing data and reports that U.S. The dismissal of Comey is creating controversy, as some have alleged that Trump enacted the firing in order to slow down the FBI's investigation into the sitting U.S president's possible ties to the Russian government, and specifically how th... [Full Article...]

Amazon adding free Alexa calling and messaging to Echo devices

If you want to have a Show in more than one room, Amazon is offering a $100 discount if you buy two. Now, Amazon is preparing to add a visual element to Alexa with the Echo Show ($229), the first Echo device with a screen. Its price tag will reflect this distinction, with The Wall Street Journal claiming that the new Amazon Echo will be sold for more than $200. If you aren't ready to upgrade... [Full Article...]

Brazilian Supreme Court Authorizes opening of investigation against President

Brazilian Supreme Court Authorizes opening of investigation against President His administration has lurched from one crisis to another since he took office just over a year ago. "President Michel Temer never requested payments to obtain the silence of ex-deputy Eduardo Cunha", according to a statement. "He neither participated nor authorised any activity with the objective of preventing testimonies or cooperation with justice officials by the parliamentarian". [Full Article...]

Online speculators increasing bets on early end to Trump presidency

What do you think of the latest poll suggesting that almost half of all Americans want to see Donald Trump impeached and do you agree or disagree that Trump should be impeached? That same day, GQ Magazine published an explainer piece on how to impeach a president, while The Washington Post and Time magazine ran stories on the campaign to impeach a president who had yet to take his oath o... [Full Article...]


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