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Stocks' Second-Quarter Start Is Worst Since Great Depression

The so-called FAANG tech stocks-Facebook, Apple, Amazon , Netflix , and Google's Alphabet-included some of the hardest hit in Monday's sharp market decline. With the S&P 500 in a 10 per cent correction from its record high in late January, investors were increasingly concerned a nine-year bull market might be in danger of ending.

Business

Shelton Capital Management Has $67.41 Million Position in Apple (NASDAQ:AAPL)

It has outperformed by 7.94% the S&P500. Gendell Jeffrey L increased Lsb Inds Inc (LXU) stake by 4.53% reported in 2017Q4 SEC filing. (NASDAQ: AAPL ). The stock has a market capitalization of $580.37 billion, a price-to-earnings ratio of 13.10 and a beta of 1.34. The New York-based Epoch Inv Prns has invested 3.05% in Apple Inc .

Business

Cloudflare launches fast and privacy-focused DNS at 1.1.1.1

The main problem which arises in DNS service is they are slow and not privacy respecting. DNS server is a crucial component of the Internet. The new DNS service will protect users from prying eyes of their ISPs or other network operators and is a highly privacy-focused consumer DNS service.

Business

Lakh Inter-State e-way Bill Generated on April 1, 2018

The state has been using the e-way bill platform since September past year for intra-state movement of goods. E-way bill is an electronic record of goods movement. The government will watch out the implementation of the system for a week, after which intra-state rollout will also be allowed in a phased manner.

Business

Data breach at Saks Fifth Avenue targets customers' credit cards

Other chains owned by Hudson's Bay Company , including department-store chains in Germany and Belgium, Home Outfitters in Canada and the Hudson's Bay department-store Chain in Canada and the Netherlands, do not appear to have been affected by the credit-card theft.

Business

Trump attacks Amazon again of scamming USPS over shipping costs

The e-commerce giant employs about 15 lobbyists, according to earlier disclosures submitted to the U.S. Senate, with another 15 outside lobbying firms who each assign more lobbyists to work on behalf of the company. Baker Ellis Asset Management Llc sold 18,401 shares as the company's stock declined 5.92% with the market. Following the completion of the transaction, the director now directly owns 14,159 shares of the company's stock, valued at approximately $21,238,500.

Business

Spy Case: Russia, United States Envoys Leave Washington, St. Petersburg

London expelled 23 Russian diplomats, while the United States sent home 60 alleged "spies" and closed Russia's consulate in Seattle. Britain says the Russian government was involved in the March 4 nerve agent poisoning of a former Russian spy and his daughter in Britain, a charge that Russia denies.

Business

Pernilla Lindberg takes three-shot lead at ANA Inspiration

Lindberg shot a 2-under 70 at Mission Hills, putting the 31-year-old Swede in position to make the major her first professional victory. The leaders broke the 36-hole record of 11 under set by Lorena Ochoa in 2006. Before that she benefited from a foundation set up by baseball Hall of Famer Hank Aaron, who was one of the first African Americans to play in Major League Baseball.

Business

China Factory Gauge Jumps in March, Services Remain Robust

To seem like an elder statesman, Xi noted that China will continue to play a constructive role on the issue (of talks) and work with all parties, including North Korea , toward the thaw of the situation on the Peninsula. "It's significant that the discussion finally resumed after 21 months, taking momentum from the state visit in December 2017", said the Trade Ministry in a statement.

Business

ICICI Bank board's clean chit to Chanda Kochhar in NuPower matter

The review of the credit process is done by the board in light of malicious and unfounded rumours in the past few days casting insinuations on ICICI Bank Ltd and its MD & CEO . He had alleged that this was done because of the business relations of Dhoot and Deepak Kochhar. However, concerns were flagged about the payment of the loan, as nearly 86 percent of it (Rs 2,810 crore) still remains unpaid, and the Videocon account was declared a NPA in 2017.

Business

Detroit Tigers home opener postponed until Friday

Last season's opener for the Tigers - against the White Sox in Chicago - was also postponed because of rain. Detroit's Jordan Zimmermann and Pittsburgh's Ivan Nova were the scheduled starters for opening day, and they're still expected to take the mound on Friday, according to the Associated Press.

Business

Walmart Reportedly in Acquisition Talks with Health Insurer Humana

In 2016, Walmart also bought ecommerce site Jet.com for $3.3 billion. According to the WSJ , Walmart and Humana are discussing a range of options, including an acquisition . Similar to CVS MinuteClinics, Walmart Care Clinics provide basic primary care, laboratory, and wellness services co-located with a pharmacy and easy access to over-the-counter remedies in a place most customers visit regularly for a variety of needs.

Business

Starbucks coffee must carry cancer warning in California, judge rules

He said in the second phase that the companies failed to show there should be a less strict level for coffee because of health benefits from drinking it. Judge Berle said the epidemiology studies presented were inadequate to evaluate that risk. Many coffee companies have already posted warnings saying acrylamide is found in coffee.

Business

Trump loads another tweet into the chamber - and fires on Amazon again

Trump does not have any new policies planned that would affect Amazon , a White House official said on Thursday, adding that Trump was prompted to speak out on the subject in reaction to news reports this week. Amazon is the latest major United States tech stock to come under pressure after Facebook acknowledged earlier this month that millions of users' data had been improperly harvested by consultancy Cambridge Analytica.

Business

Diesel Graveyard in Pictures: This Is Where Old Volkswagens Go to Die

Thomas Zahn, head of sales and marketing Germany of the Volkswagen brand says, "With the Germany Guarantee and the diesel environmental incentive, we are offering our customers security when they choose a diesel and are on their side as a strong partner".

Business

Google buys GIF platform Tenor, hopes to simplify finding and sharing GIFs

Specifically, Google selected those sites that are already following the best practices for mobile-first indexing, it says. Developers can also use Google's Accelerated Mobile Pages (AMP) Project , which is an open-source initiative enabling the creation of mobile pages that load almost instantly across devices and distribution platforms.

Business

SpaceX launch: Falcon 9 rocket blasts off from Vandenberg Air Force Base

SpaceX will not attempt to recover Falcon 9's first stage after launch. This attempt will come on Friday morning, when SpaceX is scheduled to launch 10 communications satellites for Iridium from Vandenberg Air Force Base on a used Falcon 9 booster.

Business

SpaceX Receives Approval for Broadband Satellites Network

The move comes in after USA politicians called for improved internet services in rural areas of the United States of America. It's the FCC's first-ever approval of "a USA -licensed satellite constellation to provide broadband services using a new generation of low-Earth orbit satellite technologies", according to a statement released Thursday.

Business

Labour quietly reinstated six councillors who posted anti-Semitic messages

They also stressed that Corbyn must work to put an end to abuse of people inside and outside of the Jewish community who are targeted for raising the issue of antisemitism in the Labour Party. It was an unprecedented rally organized by the usually publicity-averse Anglo-Jewish leadership, and attendees bore signs reading "No to anti-Semitism", as pressure ramped up on Labour and its leader.

Business

Starbucks Must Put Cancer Warning On Coffee - Judge

Starbucks Co. has a 52 week low of $52.58 and a 52 week high of $64.87. Starbucks ( SBUX ) traded up $0.10 during trading hours on Thursday, hitting $58.00. Guggenheim upgraded Crown Castle International Corp. Mizuho has "Buy" rating and $75.0 target. Optimum Investment Advisors lifted its position in shares of Starbucks by 0.4% in the second quarter.

Business

ExxonMobil (XOM) Shares Bought by BerganKDV Wealth Management LLC

The stock of Exxon Mobil Corporation (NYSE: XOM ) has "Hold" rating given on Tuesday, August 29 by Jefferies. It has underperformed by 17.67% the S&P500. It operates through Upstream, Downstream, and Chemical segments. Shares for $1.06M were sold by Tolly Morris E. SHERMAN FLOYD F sold $2.12 million worth of Builders FirstSource, Inc.

Business

Trump attacks Amazon over tax policies and US Postal Service deals

Supreme Court. On Wednesday, a news report in Axios , citing five unnamed sources, said the president is considering whether to change Amazon's tax treatment because the online retailing giant doesn't pay its fair share of taxes and has hurt smaller competitors.

Business

Bessemer Group Inc. Has $8.27 Million Holding in McDonald's Co. (MCD)

McDonald's (NYSE: MCD ) last issued its quarterly earnings results on Tuesday, January 30th. It has outperformed by 1.55% the S&P500. David Shaw decreased its stake in Popular Inc (BPOP) by 9.49% based on its latest 2017Q3 regulatory filing with the SEC.

Business

Stocks surge in early trading; Dow up 450

In commodities trading, crude oil futures are climbing USD0.77 to USD66.32 a barrel after falling USD0.33 to USD65.55 a barrel on Monday. The Dow Jones gained 2.8 per cent, or 669 points , to 24,203. Facebook , which has more than 2 billion monthly active users, last week said it had retained a firm to conduct a forensic audit of Cambridge Analytica.

Business

Constellation Brands' 4Q earnings pop on Modelo, Corona sales

It has underperformed by 9.12% the S&P500. Investors sentiment decreased to 0.99 in Q4 2017. The company has a current ratio of 1.40, a quick ratio of 0.54 and a debt-to-equity ratio of 1.01. The company presently has a consensus rating of "Buy" and a consensus target price of $239.29. (NYSE: STZ ) for 73 shares. It also reduced its holding in Walgreens Boots by 19,204 shares in the quarter, leaving it with 200,595 shares, and cut its stake in D.R.

Business

Daimler-BMW joint mobility venture aims to be global player: Daimler CFO

Daimler and BMW's new joint mobility services division aims to become an worldwide player through both organic growth and acquisitions, Daimler Chief Financial Officer Bodo Uebber stated. BMW board of management chairman Harald Krüger said: "The BMW Group is shaping future mobility - and striking out in new directions to do so". There will be more people than ever before without a vehicle who will still want to be extremely mobile.

Business

Greek club's president banned over gun incident

The Greek Super League docked PAOK three points from this season and two from next season, and ordered them to play the next three home matches without spectators. PAOK said they would appeal the ruling. AEK Athens were subsequently awarded the three points and a 3-0 victory for the abandoned fixture, in which PAOK had the chance of moving within two points of their title rivals.

Business

Barclays to Pay $2B to Settle RMBS Case

It alleged violations of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 (FIRREA), based on mail fraud, wire fraud, bank fraud, and other misconduct. Barclays said the penalty would be reflected in its first quarter earnings for 2018. The department alleged that the borrowers whose loans backed those deals were "significantly less trustworthy" than Barclays made them out to be.

Business

Lagos on lockdown as Buhari makes historic visit

President's visit to Lagos is smooth, safe and hitch-free", he said. On behalf of the people of Lagos State, I want to publicly acknowledge the approval of Mr. "The NBA and any group wanting to protest at this time are warned to jettison the idea or face dire consequences which may include arrest and prosecution of participants".

Business

Japan must avoid bilateral trade talks with US: Finance Minister Taro Aso

Foreign Minister Taro Kono, for his part, said at the House of Representatives Foreign Affairs Committee on Wednesday morning: "The global community has engaged in dialogue [with Pyongyang] a number of times but was unable to stop North Korea's nuclear [development]".

Business

Surprise! Some Valpak coupon envelopes to randomly include $100 checks

For the rest of 2018, the checks will be placed at random in those mailers. Well, you might want to start looking at them. The Florida-based company says the promotion is to reward consumers for opening their Blue Envelopes filled with coupons.

Business

Renault And Nissan In Merger Talks To Form One Automaker

At present, Renault owns 43 percent of Nissan , and Nissan owns 15 percent of Renault. Renault's actions are being shot this Thursday after Bloomberg economic news agency reported today that French vehicle is negotiating to merge with Japanese Nissan in a single brand.

Business

Boeing hit by WannaCry

Speaking to The Seattle Times , Boeing head of communications Linda Mills said that the company had completed "a final assessment" to determine the impact of the outbreak. Boeing is not experiencing any production issues after experiencing what it called a " limited intrusion of malware " Wednesday, despite a report that some within the company feared the worst.

Business

FG Declares Friday March 30, Monday April 2, Public Holidays

Met Office Chief Meteorologist Andy Page said: "The Easter period will bring a variety of Spring weather from sunshine and showers, to more prolonged cloudy and wet conditions, along with some snow in the north: chiefly over the hills".

Business

Disney Channel Alum Caroline Sunshine Is Joining The White House Press Team

Sunshine, incidentally, is her real name. According to press secretary Sandra Huckabee Sanders , from April. 12-18 the White House's Ellipse lawn will be filled with over 20,000 pills featuring the faces of prescription-drug overdose victims.


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