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United States stocks fall as bond yields spike, retailers drop

Stocks fell today, curbed by the continued surge in global bond yields, while the dollar hit a three-month high against the yen as investors grew more confident that the Federal Reserve will raise U.S. But it has recently risen amid concerns that ultra-easy policies practiced by the major central banks could have their limits and may not be continued indefinitely.

Business

This Tesla Bear Just Upgraded the Stock

Market capitalisation for NASDAQ:TSLA is $30,544,089,131.00 United States dollars. Of the 20 brokerages covering the stock, 4 rate the stock "buy" or its equivalent, 9 a "hold" and 7 a "sell". Baillie Gifford & Co. now owns 13,066,791 shares of the electric vehicle producer's stock valued at $2,773,818,000 after buying an additional 1,137,759 shares in the last quarter.

Business

Tesla Makes a Profit, but There's a Long Way to Go

Before we look at some key highlights from Tesla's 3Q16 earnings report, let's take a quick look at how Wall Street investors reacted to the earnings report. Tesla Motors Inc has 148,692,000 shares in issue which have a share price of 213.24 giving Tesla Motors Inc a market capitalisation of 31.71B United States dollars.

Business

Centre announces 2% hike in dearness allowance for staff, pensioners

In a move to give central government employees another reason to smile this Diwali, the Indian government has hiked their Dearness Allowance (DA) by 2 per cent of the basic salary with effective from July 1, 2016. The Cabinet also approved setting up of a National Academic Depository as envisioned under Digital India, he said. According to the release, the increase is in accordance with the accepted formula, which is based on the recommendations of the central pay panel.

Business

German inflation hits two-year high in October

The inflation rate in the euro area will rise to 0.5 percent in October from 0.4 percent the previous month, according to the median estimate in a Bloomberg survey of economists. The programme is due to end in March 2017, with the European Central Bank now mulling how it can continue to buy up bonds. The monthly increase was slightly above consensus expectations, but the underlying rate was in line with forecasts.

Business

Chicago women killed in Milwaukee Uber traffic collision

Bobot said he did not know details of the circumstances of the crash, had not talked to Jasen Randhawa and had not been retained to represent him in the criminal investigation. The third died later in hospital. Social media posts indicated that the three victims were friends, and at least two of them at one time had been co-workers.

Business

French Economy Recovers In Q3

With first-quarter growth revised down to show a 0.6 percent increase, the GDP carry-over from the first nine months of the year is 1.1 percent. PARIS-The French economy grew less than had been expected in the third quarter of the year, while Spain's economy slowed slightly, both indications that the eurozone's economic recovery remained modest in the three months through September.

Business

Cheesecake Factory's Sales Rise Nearly 2 Percent in 3Q

Total revenues were $560 million in the third quarter of fiscal 2016 as compared to $526.7 million in the third quarter of fiscal 2015. The Cheesecake Factory had a net margin of 5.81% and a return on equity of 22.04%. 0 analysts assign "Sell" rating for the stock. The company has an Average Rating of 2.71 based on analysts tracked by Thomson Reuters. Hedge funds and other institutional investors have recently bought and sold shares of the company.

Business

Uber Self-Driving Truck Autonomously Drives 120 Miles to Deliver Beer

Autonomous trucking company Otto and beer producer Anheuser-Busch have teamed up in the U.S. to complete, what they say is, the world's first shipment by a self-driving truck. The driver was monitoring the trip inside the vehicle's sleeper berth. In Colorado, the Department of Transportation worked with Otto to evaluate the company's technology and join in on test runs before agreeing to let an Otto go forward with its project.

Business

Amusement Park Reopens After 4 Killed on Ride

The Thunder River Rapids ride whisks people in circular rafts along a fast-moving, man-made river. Police have declined to identify the other two victims, a 38-year-old man and a 42-year-old woman. "I would have thought without a doubt the (civil) claim would have been into the millions", Potts said. It's understood the ride's conveyor belt broke on Sunday, leaving riders stuck for about 15 minutes.

Business

Trump and Family Preview Path to Victory

In the letter, she said she understands that Nordstrom can't filter out every brand with "questionable business practices", but that "some brands are so toxic, they will hurt your business by alienating your customers, and this is surely one of them".

Business

May tries to reassure European Union as United Kingdom seeks trade pacts alone

Mrs May has dismissed suggestions the divorce talks would be carried out in French. May has refused to give details on her plan for Brexit, amid sharp divisions in her government between ministers who back a clean break and others seeking continued ties to protect the economy.

Business

Apple's iPhone sales in India grew more than 50% in FY2016

Revenue from services jumped 24 percent year-over-year, to $6.3 billion, during the fourth quarter, but Apple's iPhone business was still almost five times larger, based on revenue. For Q4 FY16, Apple reported a top line of $46.9 billion in-line with consensus of $46.89 billion. Another new product, the Apple Watch, has drawn lukewarm consumer interest since it launched in 2015.

Business

North Korean nuclear disarmament unlikely, says U.S. intelligence chief

USA administrations have demanded that North Korea agree to denuclearisation, although aid-for-disarmament negotiations have been stalled for years and sanctions have failed to stop the North's weapons' programmes. Although there is no official dialogue between Washington and Pyongyang, there are regular, so-called Track 2 discussions involving former USA diplomats and North Korean officials - most recently in Malaysia last weekend.

Business

Caveats galore in Tata row: Mistry, company sue each other

According to the sources, Mistry is likely to come to Delhi by Thursday and excepted to meet several political leaders in the capital. "A caveat is a notice filed by a party fearing legal action seeking notice before action", a statement from Mistry's office said, underlining the Tatas' attempt to pre-empt any legal move from Mistry.

Business

Shake-up to see hundreds of jobs lost as Twitter shrinks workforce 9%

Twitter jumped 2.3 percent to $17.69 at 9:45 a.m.in NY. To address that, Twitter has begun streaming live video, including acquiring the rights to 10 National Football League games on Thursday nights. The reduction of more than 300, chiefly in its sales, partnerships, and marketing efforts. "We see a significant opportunity to increase growth as we continue to improve the core service", the paper quoted a statement by company CEO Jack Dorsey.

Business

Xerox (XRX) Misses Q3 Revenues, Earnings in-Line October 28, 2016

The Stock has a 52-Week High of $11.39 and 52-Week Low of $8.48 following the dates, it touched its 52-Week High on April 19, 2016 and 52-Week Low on Jan 20, 2016. While earnings came in line with the estimates, revenue fell shy. For instance, billionaire Darwin Deason filed a suit recently in U.S. District Court in Dallas claiming that Xerox will destroy value of his stake in the company if the reorganization is allowed to proceed.

Business

China to Blast 2 Astronauts into Space Monday

The spacecraft is scheduled to attach with the Tiangong-2 module on October 18. The space lab which is 244 miles or 393 kilometers above the Earth was launched just last month . A video provide by on-board cameras showed Haipeng and Dong monitoring cockpit displays as the Shenzhou-11 spacecraft was streaking toward orbit. "It is any astronaut's dream and pursuit to be able to perform many space missions", Jing said at a separate briefing.

Business

Liftoff: Orbital ATK's Antares Rocket Successfully Launches Cargo to ISS

The Cygnus is carrying about 5,300 lb (2,400 kg) of cargo and the capsule is named after the late Alan Poindexter, who was a NASA astronaut, Space Shuttle commander, and naval aviator, and who helped in the construction of the station.

Business

UK tribunal says Uber drivers should get vacation pay

The GMB union described the ruling concerning the ride-hailing app as a "monumental victory" for some 30,000 drivers. The case, brought by two drivers, is the first against Uber in Britain and could have ramifications for the rights and pay of more than 40,000 drivers using the service in the United Kingdom.

Business

Exxon Mobil Q3 Profit Down 38%, But Beats Estimates; Revenues Miss

Revenue slipped 13% to $58.68 billion, below analysts' forecast for $63.85 billion. Third-quarter profits declined by 38%, from $4.19 billion in the year-ago quarter to $2.65 billion. Still, it was the company's best quarter this year. Exxon Mobil Corporation closed down -0.17 points or -0.20% at $86.92 with 90,71,099 shares getting traded on Tuesday.

Business

Spectrum Asset Management (nbca) buys $1982247 stake in Chevron Corporation (CVX)

The company said revenue for the quarter fell 12.2% to $30.14 billion. The company showed no change about 0 percent in value since last earnings when it was at $100.74. The shares were sold at an average price of $100.47, for a total value of $12,558,750.00. The disclosure for this purchase can be found here. A number of Wall Street analysts recently commented on the stock.

Business

No post-Brexit slowdown for United Kingdom music biz

Mr Lane added that progress on a European Capital Markets Union (CMU) is more important than ever as the United Kingdom prepares to leave - this will increase integration between EU economies. However, that increase is above the 0.3-percent mean rise predicted by a poll among economists. That was down from the previous quarter's 0.7 percent growth but beat forecasts for 0.3 percent growth.

Business

Twitter cuts staff, kills off Vine app amid pressure to grow

Shares in social media phenomenon Twitter Inc (NYSE:TWTR) went higher in NY as its latest quarterly numbers beat expectations, it revealed it was cutting 9% of the workforce, and said it DID have a clear plan for the future. CEO Marc Benioff confirmed in interviews with the Financial Times and CNBC earlier this month that his company had backed out of takeover talks due to shareholder concerns that Twitter was a bad fit.

Business

National Oilwell Varco, Inc. (NYSE:NOV) Analyst Estimates And Rating

For the past 5 years, the company's revenue has grown 4%, while the company's earnings per share has grown -20.1%. During the same quarter in the previous year, the firm posted $0.61 EPS. Dorsey & Whitney Trust CO LLC purchased a new position in National Oilwell Varco during the second quarter valued at $213,000. Institutional investors and hedge funds own 94.09% of the company's stock.

Business

Northern Ireland legal challenge to Brexit is dismissed

The father of a loyalist paramilitary murder victim and a cross-party group of MLAs mounted separate cases aimed at having the Brexit process declared unlawful. The challenge was brought by politicians from Sinn Féin , the Social Democratic and Labour Party ( SDLP ), the Alliance Party and the Green Party .

Business

Upgrades And Downgrades For Simon Property Group, Inc. (NYSE:SPG)

Arcadia Investment Management Corp MI boosted its position in shares of Simon Property Group by 531.3% in the second quarter. Simon Property Group Inc (NYSE:SPG) has declined 2.10% since March 23, 2016 and is downtrending. Simon Property Group had a net margin of 34.03% and a return on equity of 34.61%. During the same quarter in the previous year, the company posted $2.54 EPS.

Business

Volvo Bags Order From Uber For 100 Self-driving Vehicles

The self driving truck traveled a distance of 193 kms in 2 hours at 89 kmph while it had no driver at the wheel. The truck went exit-to-exit entirely by itself, although a professional driver monitored the truck's status and took control for the final delivery.

Business

CAL FIRE Offers 2016 Halloween Safety Tips

According to the National Fire Protection Association, almost half of decoration fires in homes occurred because the decorations were too close to a heat source. Keep exits clear of decorations. Be sure to place lit pumpkins well away from anything that can burn and far away from trick-or-treaters, doorsteps, walkways, and yards.

Business

Amazon Web Services is the financial life preserver that Amazon desperately needs

AWS , however, notched more than $3.2 billion in sales, compared to just more than $2 billion a year earlier, for 55 percent year-over-year growth. But investors should remember that old habits die hard. Last year, Amazon transitioned more than 14,000 seasonal positions to regular, full-time roles after the holidays, and it expects to increase that number this year.

Business

Trump gives $33000 in October, falling short of $100M boast

Trump probably can't win if he loses either. "There is nearly no change from our poll in early October in which Clinton led Trump by three percentage points, 41-38, in the four-way contest, but the head-to-head results have tightened considerably", said UNF political science professor and director of the school's Public Opinion Research Lab Dr.

Business

Analyst Viewpoints on Price Reaction History: Devon Energy Corp (NYSE:DVN)

Analysts are also projecting an Average Revenue Estimate for Valero Energy Corporation as $18.31 Billion in the Current Quarter. In a different note, On Aug 22, 2016, Piper Jaffray said it Maintains its rating on Valero Energy Corporation .

Business

Putin praises Trump for 'representing the common people'

Against Trump, the choice becomes clear, but many women are still uncertain about Clinton. Obama even took her speech off the partisan track for a few minutes, noting that the November 8 vote crossed that boundary months ago. In an interview with CNBC reviewed by CNN's KFile, Trump was asked why he called Obama "incompetent" over his handling of the drawdown in Iraq and Afghanistan.

Business

Harrow's Council leader says borough will benefit from Heathrow expansion scheme

The government's recommendation will be studied further and Parliament will vote in about a year. Andy Street, Conservative candidate for West Midlands mayor, said the region should "seize the moment" and make the case for expansion of Birmingham Airport.

Business

UK economy shrugs off Brexit fears

The British economy continues to prove doomsayers wrong. "Some will be concerned about the absence of any rebalancing of the economy away from the ever-dominant services sector, which grew 0.8% while everything else contracted". "We believe that this reading is sufficiently strong to convince the Bank of England to refrain from easing monetary policy again" next week, said Alan Clarke, an economist at Scotiabank in London.


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