Business
Wall St at record highs as techs, energy stocks rally
Energy stocks helped drive Monday's boom, rising 2.2 percent as oil prices rose in expectation of an OPEC deal to limit production. Oil prices jumped 4.2 percent to a near three-week high on hopes that the OPEC would agree to an output cut next week and the dollar index's first drop in 11 days.
Business
Dollar retreats from 13-and-half-year high, pauses after rally
Investors are awaiting the release this week of the minutes from the latest Federal Reserve policy meeting in a week shortened in the U.S. by the Thanksgiving holiday, which will see its markets closed on Thursday. To be sure, investors have little idea to what extent Trump can implement his proposals, including slapping tariffs on major trading partners such as China and Mexico and going ahead with heavy tax cuts that would widen the USA fiscal deficit.
Business
Goldman Sachs Exits the R3 Blockchain Consortium
The source, that preferred to stay anonymous as the details are not public, reported that R3 doubts that all existing members will join the round despite the fact that most other banks have agreed to the new terms of the deal. Goldman sought more leverage in the deal, which could have included a board seat or some other element of additional control, sources said. R3's funding will be raised in phases over the next nine to 12 months.
Business
Why Energy Transfer Partners, Canadian Solar, and Cubic Slumped Today
Credit Suisse analyst John Edwards suggests two hypothetical energy scenarios for Energy Transfer Equity LP (NYSE:ETE) amid a rise in investor intrigue riding the post-election tide, as investors ponder the potential effects from corporate tax rate reductions and what this entails for a future path for master limited partnerships (MLPs).
Business
Cabin Crew Strike at Lufthansa Budget Airline Eurowings
The 24 hour strike, which will start at 00:01 on Wednesday November 23 and finish at 23:59 CET, will affect short and long haul Lufthansa flights. Meanwhile, according to the Hamburg airport, the cabin crew at Lufthansa's low-priced carrier Eurowings will strike at the Hamburg and Duesseldorf airports on Tuesday.
Business
Netflix, Inc. (NFLX) Gains Another Bull
Netflix opened for trading at $115.73 and hit $116.42 on the upside on Monday, eventually ending the session at $115.21, with a gain of 0.16% or 0.18 points. On average, equities research analysts forecast that Netflix will post $0.40 earnings per share for the current fiscal year. Vetr downgraded shares of Netflix Inc .
Business
Trump claims he settled Trump U lawsuit to 'focus on our country'
Now, around 6,000 injured persons will split the settlement cash, with $1 million going to NY state as a penalty for violating education laws. In announcing the settlement , Mr Schneiderman said the deal followed repeated refusals by Mr Trump "to settle for even modest amounts of compensation for the victims of his phony university".
Business
Trump says he settled Trump University lawsuit because he's too busy
Trump's attorneys also raised the prospect of having the president-elect testify by video recording before the trial begins in the class-action lawsuit on November 28. He was set to testify in San Diego later this month, although his lawyers had asked the court to postpone the trial so Mr. Trump could prepare for the presidency.
Business
The mechanics of India's high-value banknote exchange programme
The ATMs resumed functioning from today but there is a limit of withdrawl of Rs 2,000 per day which is expected to be increased in coming week. In a major step to check black money, Prime Minister of India Narendra Modi has announced that the currency of Rs 500 and Rs 1,000 will cease to be a legal tender from midnight on Tuesday, 8th November.
Business
Volkswagen Plans to Cut 30000 Jobs Worldwide
The company is hoping to boost its bottom line by 3.9 billion dollars a year from 2020. Europe's largest automaker is trying to cut costs after reaching a deal with USA authorities to pay over $15 billion in fines. Matthias Müller, the chief executive, said this was the "biggest reform package in the history of our core brand". "With the pact for the future, Volkswagen will be taking a major step forwards", said VW brand boss Herbert Diess in a statement.
Business
Trump's grandfather pleaded to stay in Germany
If not for Prince Regent Luitpold of Bavaria, Donald Trump might never have become president of the United States. His pleadings to stay were described by the royal ruler of the day as "subservient" and he was sent packing. Twenty years later, in 1905, he wrote a letter to the Bavarian Prince Regent Luitpold asking permission to repatriate to his hometown for good. "That's why the authorities denied him repatriation in 1905".
Business
Ruling stocks in today's market: Ross Stores Inc. (NASDAQ:ROST)
The apparel retailer reported $0.62 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $0.56 by $0.06. The Return on Assets stands at 21.1%, Return on Equity shows 42.1% and Return on Investment value is 36%. had its "buy" rating reiterated by analysts at MKM Partners. Ross Stores's dividend payout ratio is presently 19.85%. In other Ross Stores news, insider James S.
Business
NuTonomy to test self-driving cars in Boston
NuTonomy , an autonomous vehicle software startup that's been testing its technology in Singapore , announced that it had signed an agreement with officials in Boston to bring its self-driving cars to that city's streets. This represents a bit of a homecoming for nuTonomy , which was spun out from MIT in 2013 but has only been testing its self-driving cars overseas.
Business
Comprehensive Stock Analysis of: Diana Containerships Inc. (NASDAQ:DCIX)
The analysts estimated mean EPS at -1.1 while the high and low EPS estimate stand at -1.1 and -1.1 respectively. The stock has earnings growth of -995.90% yoy and showed a high EPS growth of 11.80% over the past five years. Diana Containerships Inc. (NASDAQ: DCIX ) now has a High Price Target of $8. The analysts believe that the company stock price could grow as high as $8.
Business
Fed Chief Yellen Says a Rate Hike is Near
Holdings in bullion-backed exchange-traded funds dropped 8.5 metric tons to 1,940.6 tons as of Thursday, the lowest since July, according to data compiled by Bloomberg . Many believe that the economic growth and rising inflation will lead to an increase in interest rates. In the run-up to it, benchmark USA crude rebounded, rising 67 cents to $46.26 a barrel in electronic trading on the New York Mercantile Exchange.
Business
Internet & dress part 2: What color are these flip-flops?
Anyway, if you are now living in a climate warm enough to wear these flip-flops outside I hate you no matter what color you think they are. The post was welcomed with confusion after users were trying to figure out what colour the flip flops were.
Business
Gold price around 6-mth lows as dollar marches higher
The Nasdaq hit a record high earlier in the session, helped by a rise in Microsoft MSFT.O and other big tech stocks. The Dow Jones industrial average slid 18 points, or 0.1 percent, to 18,886 as of 3:23 p.m. Yields have been on an uptrend since last week's United States election, amid speculation that the Trump administration will embark on inflationary policies.
Business
Mike Rogers resigns from Trump's transition team amid purge claims
Former Congressman Mike Rogers, who was considered for the post of CIA Director, was among those ousted from the presidential transition team's national security unit. Eliot A. Cohen, a former State Department official who had criticized Trump during the campaign but said after his election that he would keep an open mind about advising him, said Tuesday on Twitter that he had changed his opinion.
Business
Landslide kills 13 as diggers invade Freeport mine in Congo - governor
On Wednesday, February 3 the stock rating was downgraded by Argus Research to "Hold". Vetr upgraded shares of Freeport-McMoRan from a "strong sell" rating to a "sell" rating and set a $13.50 price target on the stock in a report on Tuesday, November 15th.
Business
Volkswagen to slash 30000 from workforce in Dieselgate fallout
The turnaround plan revealed on Friday will result in 3.7 billion euros ($3.9 billion) in annual savings by 2020 and raise the Volkswagen's operating margin to 4 percent that year, from an anticipated 2 percent this year. The overhaul comes as Volkswagen is still trying to move past an emissions-cheating scandal that has cost it almost $ 20 billion so far to settle lawsuits and recall almost 11 million tainted diesel-powered vehicles world-wide.
Business
Are pre-Black Friday deals any good?
Black Friday is the single best day of the year to buy a TV and you will see increased 4K tv sales this year. Numerous best deals will be offered during the " Turkey 5 " days starting on Thanksgiving Day through Cyber Monday . Time with your family should be more important than getting a good price on an appliance. Don't forget about Cyber Monday! . Consumer publication Which? found less than one in ten of the products they looked at was cheaper on Black Friday than on ...
Business
Nigerian recession deepens in Q3, oil output falls
Economists had expected a slightly shallower 2 per cent contraction in the third quarter, according to a Bloomberg poll. According to the NBS Nigeria's third quarter 2016 (Q3'16) real GDP shrunk by 2.24 per cent year-on-year (YoY), relative to a shrinking by 2.06 per cent and 0.36 per cent YoY recorded in the second quarter and first quarter 2016 respectively.
Business
France Republican primary: Ex-President Sarkozy defeated
But the Front National chief has been buoyed by the anti-establishment victories of Brexit in the United Kingdom, and the election of Donald Trump in the United States. During his campaign, Fillon, an admirer of late British Prime Minister Margaret Thatcher, presented the most radical pro-business reform program - vowing to cut a staggering 500,000 public sector jobs over five years.
Business
Coronated-Paul Ryan Nominated 'Unanimously' by Voice Vote
He will now face a floor vote in January in front of all 435 members of the House. Republicans held a large majority in the House before the 2016 election and will hold a minimum of 239 seats in the House with the possibility to pick up more from California and Louisiana, more than enough to hold a majority over the Democrats.
Business
Oil pipeline protester says dozens injured
The clash came as protesters sought to push past a bridge on a state highway that had been blockaded since late October, according to the Morton County Sheriff's Office. Others, he said, needed medical treatment after being hit with tear gas. The company has said the pipeline is largely complete except for the section under Lake Oahe, a Missouri River reservoir in southern North Dakota.
Business
India all out for 204, England need 405 to win
Batting fourth after losing the toss was always going to be a hard task for England with the wicket offering vicious turn and uneven bounce at a venue hosting its first Test. Ashwin, the leading Test wicket-taker this year, once again turned on the heat against the English batsmen who resumed their chase at 87 for two but lost their last eight wickets for just 71 runs.
Business
Asian stocks rebound sharply as markets digest Trump win
Though uncertainty remains over Trump's trade, immigration and geopolitical policies and what his victory means for the future of globalization, investors appeared somewhat calmed by his victory speech, in which he praised Clinton and urged Americans to "come together as one united people" after a divisive campaign.
Business
Chancellor admits to 'unprecedented uncertainty' after Brexit vote
On Sunday, he appeared to reject Labour calls to reverse former chancellor George Osborne's cuts to the universal credit (UC) welfare system. 'Obviously as we look at the negotiation we want to get the arrangement that is going to work best for the United Kingdom and the arrangement that is going to work best for business in the United Kingdom'.
Business
How to differentiate deals from duds on Black Friday
Even though Amazon is the king of Black Friday sales, there are other sales and promotions going on that are worth your time , too. Does it start the week before Thanksgiving? Yes! By 'early bird, ' I'm not talking about being the first one through the doors on Thanksgiving or Black Friday .
Business
AK Steel Holding Corp. (AKS) Upgraded to "Sell" by Vetr Inc
Analyst's mean target price for the firm is $6.00 while analysts mean recommendation is 2.00. On Sep 16 United States Steel Corp. X has been the topic of a number of other research reports. The firm earned $1.45 billion during the quarter, compared to analyst estimates of $1.47 billion. The business also recently declared a quarterly dividend, which will be paid on Monday, December 12th.
Business
Western Digital Corporation (NASDAQ:WDC)
On average, equities research analysts predict that Western Digital Corp . will post $6.62 earnings per share for the current year. The stock of Western Digital Corp (NASDAQ:WDC) earned "Buy" rating by Jefferies on Friday, May 27. Inc. now owns 5,486 shares of the data storage provider's stock valued at $321,000 after buying an additional 42 shares during the last quarter. The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 17th.
Business
University Lawsuit Settled So He Can Focus On US Presidency
Students had claimed they were they were lured by false promises into paying up to $35,000 to learn Trump's real estate investing secrets from his hand-picked instructors. "I could have settled this case numerous times, but I don't want to settle cases when we're right". I don't believe in it. 'Do you know that nearly everybody in the lawsuit has signed a letter saying how great the school was? In 2013, my office sued Donald Trump for swindling thousands of innocent Americans out of ...
Business
Nusli Wadia Cries Defamation, Puts Tata Sons' Board On Notice
TCS board of directors met on November 17 to hold an EGM in a bid to remove Cyrus Mistry as the director of the company, which means the embattled ex-chairman could lose voting powers and attending shareholders meetings of the group companies.
Business
RBI allows 250000 rupee wedding cash withdrawals after notes ban
The cash withdrawals will be allowed out of the balance in the account as of close of business on November 8, the Reserve Bank of India said in a statement . Proof of identity will have to be shown while buying the seeds, the government said. It was decided that MPs of these 10 parties will stage a sit-in near Mahatma Gandhi's statue in the Parliament complex on Wednesday.
Business
Wal-Mart Kicks off Cyber Monday on Friday
For smaller version of disc player you can go for Sanyo Blu-Ray Disc Player available at $39 after dropping $11.47 from the regular price. Over the past few years, retailers such as Wal-Mart, Macy's and Target have started the deals earlier into Thanksgiving.