Economy

China reasserts hard line on Taiwan after Panama's switch

China reasserts hard line on Taiwan after Panama's switch Last year, China delivered through this channel about 38 million tons of cargo or 18.9% of traffic. MOFA first said that the representative offices in Nigeria, Bahrain, Dubai, Jordan and Ecuador were being pressured to change their names, which mostly included the terms "Republic of China" or "Taiwan". [Full Article...]

US retail sales slide 0.3 percent, biggest drop in 16 months

US retail sales slide 0.3 percent, biggest drop in 16 months Economists had expected sales to increase slightly in May after rising 0.4 percent in April. Total sales for the March 2017 through May 2017 period were up 4.4% from the same period a year ago. While the value of gasoline service-station receipts dropped the most since February 2016 and weighed on overall retail sales, Americans pulled back at other merchants. [Full Article...]

Cheesecake Factory Serves Up Guidance Investors Can't Stomach

Cheesecake Factory Serves Up Guidance Investors Can't Stomach Riverbridge Prtnrs Ltd Limited Liability Company holds 0.69% or 555,196 shares. 28,374 were accumulated by Truepoint. Hamel holds 110,025 shares. Alliancebernstein Ltd Partnership stated it has 78,088 shares or 0% of all its holdings. Its up 0.08, from 1.01 in 2016Q3. The Cheesecake Factory's dividend payout ratio is presently 33.68%. 51 funds opened positions while 83 raised stakes. [Full Article...]

Inflation climbs to near four-year high at 2.9%: ONS

Inflation climbs to near four-year high at 2.9%: ONS Unemployment fell by 50,000 in the quarter to April to 1.53 million, the lowest for more than a decade. But more recent data showed the employment market softening, with the ONS's claimant count rate, measuring the number of people claiming jobless benefits in the month of May, up 7,300 after a 22,000 increase a month before. [Full Article...]

Puerto Ricans parade in New York, back statehood

Rosselló says. Many islanders see the USA authority as an intolerable stranglehold, especially considering that President Donald Trump has several times argued against bailing out the distant territory. "It is because Puerto Rico is in an unequal relationship" with the United States government that the bankrupt island's finances are now under a largely US-appointed control board, he told AFP. [Full Article...]

Oil falls as USA stockpiles rise and IEA sees 2018 supply surge

Oil falls as USA stockpiles rise and IEA sees 2018 supply surge Brent crude futures LCOc1 were at $48.28 per barrel at 0523 GMT, down 44 cents, or 0.9 percent, from their last close. West Texas Intermediate for July delivery slid as much as 63 cents to US$45.83 a barrel on the New York Mercantile Exchange, and was at US$46 at 10:41 a.m.in Hong Kong. [Full Article...]

Trump is willing to testify under oath on Comey

The president and his aides have complained about leaks, purportedly from the intelligence community, throughout the investigations by the FBI and Congress into Russia's meddling in the 2016 US presidential elections and the Trump campaign's contact with Russian officials. [Full Article...]

Trader's Buzzer: Kite Realty Group Trust (KRG)

The stock increased 0.10% or $0.01 during the last trading session, reaching $10.24. The target implies a 1% spike from where the shares are now trading. A rating of 4 or 5 would indicate a consensus Sell. The company was downgraded on Thursday, December 15 by Bank of America. With 7.02M avg volume, 2 days are for Iamgold Corporation (NYSE:IAG)'s short sellers to cover IAG's short positions. [Full Article...]

Verizon-Yahoo deal closes, Marissa Mayer resigns

Verizon-Yahoo deal closes, Marissa Mayer resigns Yahoo's CEO, Marissa Mayer has also made a decision to resign from her role at Yahoo following the acquisition. " Verizon wishes Mayer well in her future endeavors", said the press release from Verizon . Following approval from Yahoo shareholders last week , Verizon has officially gained Yahoo's popular media assets, including its sports and finance content. [Full Article...]

Cypress Semiconductor Corporation (CY) Shares Sold by Northwestern Mutual Wealth Management Co

A number of other large investors have also added to or reduced their stakes in the stock. 5,405 OM Asset Management PLC (NYSE:OMAM) shares with value of $80,852 were sold by BELGRAD STEPHEN. The ex-dividend date of this dividend is Tuesday, June 27th. Cypress Semiconductor Corporation's dividend payout ratio (DPR) is now -22.22%. North Star Investment Corporation has invested 0% in Cypress Semico... [Full Article...]

Sensex Rises 70 Points In Early Trade; Nifty Up 15 Points

Sensex Rises 70 Points In Early Trade; Nifty Up 15 Points Investors, however, were cautious ahead of the US Federal Reserve's latest decision on interest rates later in the day, they said. The 30-share Sensex resumed higher before settling at 31,155.91, a gain of 52.42 points, or 0.17 per cent. [Full Article...]

Heinrich On Zinke's Recommendation To Shrink Bears Ears

Heinrich On Zinke's Recommendation To Shrink Bears Ears FILE - In this July 14, 2016 file photo, then-Interior Secretary Sally Jewell looks in to a canyon at Gemini Bridges near Moab, Utah , during a tour to meet with proponents and opponents to the " Bears Ears " monument proposa. But supporters say the act is necessary to protect threatened lands - and that "right-sizing" a designated monument has happened only on handful of times since the act wa... [Full Article...]

Apple clarifies how tips should work in iOS apps

Apple clarifies how tips should work in iOS apps While the Do Not Disturb While Driving feature was all of the talk of iOS 11 , there were quite a few other features and functions that Apple talked about for the upcoming iOS. The dock for the iPad in iOS 11 is now versatile and customisable by allowing the user to throw as many apps onto it as they want and features a contextual segment that will suggest applications you may want to use next. [Full Article...]

Kent State Football Player Dies After Team Workout

Kenton football's Twitter account posted about Heintz's passing earlier on Tuesday. The offensive lineman collapsed at about 9 a.m. and was taken to a local hospital after efforts to revive him failed. He was from Kenton, Ohio, about two and a half hours away from the university. "The post-mortem is just one piece of the puzzle", he told the newspaper . [Full Article...]

Summit Midstream Partners (SMLP) Shares Cross Above 200 DMA

Summit Midstream Partners (SMLP) Shares Cross Above 200 DMA About 2,310 shares traded. It is down 14.95% since June 13, 2016 and is downtrending. It has underperformed by 14.11% the S&P500. Citigroup downgraded Summit Midstream Partners LP (NYSE:SMLP) on Thursday, March 10 to "Neutral" rating. Several other hedge funds also recently added to or reduced their stakes in the company. Jennison Associate Ltd holds 0.1% in Aramark (NYSE:ARMK) or 2.60M shares. [Full Article...]

Sessions heatedly denies improper Russia contacts

Sessions heatedly denies improper Russia contacts In March, Sessions stepped aside from the federal investigation into contacts between Russian Federation and the presidential campaign after acknowledging that he had met twice a year ago with Kislyak . Sessions both has been involved in the firing of Comey and recused himself an investigation into alleged Russian interference in the presidential election."If, as the president said, I wa... [Full Article...]

Theresa May says she'll stick to Brexit timetable

Taking the responsibility for the Conservatives' disastrous performance in last week's general election, British Prime Minister Theresa May on Monday offered an apology to the angry MPs of her Party. Corbyn's newly energized Labour Party officially backs Brexit - since voters endorsed it in a referendum previous year - but many important figures in the party advocate a much "softer" approach, an... [Full Article...]

Beaufort Securities Reaffirms "Buy" Rating for United Utilities Group PLC (UU)

Therefore 77% are positive. Among 22 analysts covering Land Securities Group Plc ( LON:LAND ), 11 have Buy rating, 2 Sell and 9 Hold. Peel Hunt has "Buy" rating and GBX 225 target. 20 funds opened positions while 25 raised stakes. (NYSE:MMC). Richard Bernstein Advsr Ltd holds 0.28% or 49,963 shares. The Pennsylvania-based Brandywine Global Investment Management Llc has invested 0.01% in the stoc... [Full Article...]

GE names John Flannery as CEO, Immelt to step aside

GE names John Flannery as CEO, Immelt to step aside John Flannery started his career at GE back in 1987, where he focused on the risk of leveraged buy-outs. In addition, chief financial officer Jeff Bornstein has been promoted to vice chairman. He became the president and CEO of GE Equity in 2002, according to the company, and in 2005 he moved to Asia where he was responsible for the Asia Pacific region for GE Capital. [Full Article...]

Attorney General Jeff Sessions to testify in public on Tuesday

Sessions is especially important to the case because as the attorney general, he was Comey's boss, and because Comey testified "the attorney general lingered by my chair, but the president thanked him and said he wanted to speak only with me". [Full Article...]


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