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US Fed chair opens door to rate hike

Federal Reserve Chairwoman Janet Yellen seemed to signal the Fed will raise interest rates in a speech Friday in Jackson Hole, Wyo. The Dow Jones Industrial Average finished 53.01 points down (0.29 per cent) at 18,395.40. The markets are betting the FOMC will raise interest rates by a quarter percent at the December 13-14 meeting, but some economists say the Fed won't do a rate hike in 2016.

Business

Protests heat up at North Dakota pipeline site

But on Saturday, exclusive video of the scene obtained by Democracy Now shows the protests turning violent, with the Dakota Access Pipeline company unleashing attack dogs on the hundreds of protestors who broke ranks to charge the construction site.

Business

British MPs Set to Urge Saudi Arms Sales Ban

Since March 2015, Saudi Arabia has led a coalition of nine Arab countries in a military campaign against Houthi forces in Yemen. A select committee on arms export controls in the UK's Parliament is set to meet later this week to finalize a report on Saudi-led strikes in Yemen and call for a ban on the sale of weaponry to Saudi Arabia, the Guardian reported Monday.

Business

Tesla says it plans to raise additional cash this year

Regulators made a decision to investigate the accident and Tesla's Autopilot system. Last week, electric-car maker Tesla Motors (NASDAQ: TSLA) surprisingly increased the price for its Autopilot convenience features - the company's assisted driving technology and its "summon" features.

Business

Federal Bureau of Investigation papers offer closer look at Hillary Clinton email inquiry

Three days later, Comey announced his shocking decision not to recommend charges against her, despite listing all the ways Hillary and her aides were careless with classified materials on her private email server. For a former secretary of state (and senator with significant experience working with classified materials), Clinton's assertion that she did not understand the meaning of these markings strains credulity and will further feed concerns that her responses to this controversy have ...

Business

Trump announced plans to rebuild the city of Detroit

It was another jarring shift in tone and message for a GOP nominee who has weaved back and forth in recent attempts to appeal to African-Americans and other minority groups who overwhelmingly oppose him. "I will do something about it", Trump said. But the risky visit was underscored by what appeared to be unusually cautious planning by the Trump campaign.

Business

Singapore fights Zika as cases spike

Earlier, Australia and the United Kingdom also issued travel updates urging their citizens to protect themselves from mosquito bites when travelling to Singapore and for women to defer travel plans if pregnant. "Women who are pregnant should not travel to Singapore ". The Tourism Board of Singapore said that it is closely monitoring developments in Zika transmission and stressed that the city-state remains a "safe travel destination".

Business

Theresa May plans 'no job, no entry to Britain' EU immigration system

Her stand is a big embarrassment to five Vote Leave members of the Cabinet - including such as Boris Johnson - who pledged to introduce a points-based system if they won the referendum. Nigel Farage , the former Ukip leader, and other senior figures from the campaign to leave the European Union said that they were "worried" about Mrs May's approach.

Business

Smith & Wesson(NASDAQ:SWHC) downgraded from Buy to Hold by Craig-Hallum today

The stock is a Buy among 11 brokerage firms polled by Factset Research. The business earned $207 million during the quarter. The stock has received "OVERWEIGHT" rating after consensus analysis from analysts. 0 analysts have suggested "Sell" for the company. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website . The stock's Dividend stands at 0.5 and Dividend Yield stands at 3.45 Percent.

Business

Broadcom Limited Ord (NASDAQ:AVGO) Sellers Increased By 0.27% Their Shorts

Finally, TIAA CREF Investment Management LLC boosted its position in shares of Avago Technologies by 86.5% in the first quarter. As usual, we like to include the analyst's track record when reporting on new analyst notes to give a perspective on the effect it has on stock performance.

Business

Asian shares mixed in quiet trading as US takes holiday

SEOUL, South Korea (AP ) — Asian shares were mixed in quiet trading on Tuesday after USA markets were closed for the Labor Day holiday. Most analysts expect the BOJ to ease further this month, with economic growth having ground to a halt and inflation sliding further away from its 2 percent target.

Business

Shares of Gilead Sciences (GILD) Sees Large Inflow of Net Money Flow

Carroll Financial Associates Inc. raised its stake in shares of Gilead Sciences by 1.2% in the second quarter. The average volume stands around 10.26 million shares. (NASDAQ: GILD ) to report earnings on October, 25. 08/24/2016 - Gilead Sciences , Inc. had its "outperform" rating reiterated by analysts at Leerink Swann.

Business

Rousseff Appeals to Supreme Court of Brazil to Reverse Impeachment

Temer also said that only "about 40 people" attended them. Many Brazilians who are undecided over the legitimacy of the impeachment fear that the political class is fighting over who will lead the train headed to the cliff rather than trying to find a comprise to stop the train before the wreck.

Business

US Open: Andy Murray through to quarter-finals after defeating Grigor Dimitrov

The two players were to face each other in the US Open quarterfinals Tuesday. Despite the loss, Dimitrov looks to have a spring back in his step, and admitted that he was enjoying his tennis again after almost two years in the wilderness that triggered a slip down the world rankings.

Business

Refresher: Interesting Points From FBI Notes on Hillary's Emails

According to the FBI investigation, Clinton contacted Colin Powell in January 2009 to ask about his use of a BlackBerry when he was secretary of state. The FBI focused on whether Clinton sent or received classified information using the private server, which was not authorized for such messages. According to the Federal Bureau of Investigation files, the engineer told agents that "he believed he had an 'oh (expletive)' moment", and deleted the archived emails sometime during the last week of ...

Business

Lego continues to grow, particularly in Europe, Asia

During the same time frame, operating profit spiked up by 1 percent at 4.66 billion Danish crowns ($700 million). The privately-held group says net profit was 3.5 billion ($525 million), the same as the equivalent period past year. "We feel we need to invest, to build some breathing space", John Goodwin, Lego's chief financial officer, told Reuters. The company was now working on marketing measures and with retailers to stimulate demand in the U.S.

Business

Danaher buying Cepheid in deal valued at about $4 billion

Cepheid's board of directors has universally approved the takeover and it is forecasted to close in the fourth-quarter this year (4QFY16). Danaher Corp., an industrial and medical device maker, will pay $53 per Cepheid share. Cepheid generated annual revenues of $539 million in 2015, and expects to generate $618 to $635 million in revenues in 2016. Cepheid (NASDAQ:CPHD) shares soared over 50% during premarket hours, after the company agreed to Danaher Corporation's proposal.

Business

US services firms register slowest growth since 2010

The index is still above 50, indicating that the service sector remains in expansion. The index has run above the 50 threshold for 79 straight months. The broader US economy posted weak growth in the first half of 2016, with gross domestic product expanding at a modest 1 .1% annual rate in the second quarter following a first-quarter growth pace of just 0.8%, according to the Commerce Department.

Business

Federal judge sets hearing date concerning Dakota Access protesters

This included "the establishment of the Camp of Sacred Stones in Standing Rock, actions in Iowa, several youth runs for sacred water, including a 2,000 mile trek from North Dakota to Washington D.C., petitions and testifying at hearings with the Army Corps", outlines Lakota writer Wakíŋyaŋ Waánataŋ (Matt Remle).

Business

Express Scripts CMO: Mylan can lower EpiPen costs whenever it wants

Today consumers must pay $600-$700 for a pack of two. Senator Amy Klobuchar of Minnesota says she has been trying to get bills passed which would bring more competition into not only to the epipen market, but additional pharmaceutical markets.

Business

Putin: Russia Didn't Hack the DNC, But Lol

Trump, the Republican nominee, has praised Putin , the president of Russian Federation, and has called on Moscow to dig up tens of thousands of "missing" emails from Clinton's time as head of the U.S. "But to say that Putin's imperial ambitions are the fault of anybody in the United States is ridiculous", Kaine alleged. "If someone wants to open this Pandora's box and start working with it, they can go for it, good luck with that", Putin said.

Business

China Blames America for Obama Embarrassment

President Xi Jinping said in a speech after the close of the proceedings that member nations committed to combat protectionism and revive worldwide trade and investment. In the coming year, Germany must take up the mantle and continue to push for strong climate action in its role as G20 President. German chancellor Angela Merkel's CDU party came third behind an anti-immigrant party in a regional election in Germany on Sunday.

Business

PayPal reaches deal with MasterCard for store payments

It will also put the company on better footing as PayPal faces competition from Apple Inc.'s Apple Pay and Google parent Alphabet Inc.'s Android Pay. The Visa deal earlier this year was received poorly by investors, who anxious about the near-term cost implications of PayPal paying higher fees to process more transactions over the more expensive Visa network.

Business

Xi told Britain's May he is open to bilateral trade deal

Mrs May's talks with Mr Turnbull look set to focus on trade, with the Prime Minister telling reporters on the plane as she travelled to China that " we've already seen in some of the early conversations I've had with some of these leaders, they're interested to talking to us about trading arrangements; the Australians for example".

Business

Sindhu receives Rs 3 crore cheque from Andhra Pradesh govt

Gopichand. Sindhu was welcomed by Telangana Folks dances and by the folks playing drums! BAI secretary (events), K Ch Punnaiah Chowdary, who is also the CEO of Andhra Pradesh Badminton Association, Sindhu's father PV Ramana, who is a former vollyball player, were among others who were atop the motorcade.

Business

Turkey pushes plan for establishing no-fly zone in Syria

The U.S. backs some of the rebel groups against Assad, seeing them as relative moderates. He said the goal of the USA was not to duplicate in cyberspace a "cycle of escalation" akin to other arms races in the past, but to start "instituting some norms" so that everybody is acting responsibly.

Business

Philippines scrambles to soothe tensions after insult to Obama

Obama arrived in Vientiane just before midnight on Monday, for the first visit by a sitting USA president to Laos, where he wants to begin to address the legacy of U.S. An global arbitration panel recently ruled that China's expansive claims in the sea are illegal. Although ASEAN has the power of the ruling behind it, its summit is unlikely to mention it in its final declaration, a reflection of Beijing's diplomatic clout.

Business

Oil minister: Iran backs OPEC moves geared toward stability

Additionally, more US supply will return to the market as some producers in eastern parts of the Gulf of Mexico restart offshore operations as Hurricane Hermine made landfall in Florida and weakened into a tropical storm. It is more likely, he said, that participants will continue to monitor the market and possibly postpone freeze talks to the official OPEC meeting in Vienna on November 30.

Business

Russia: No basis for dramatic statements after Lavrov, Kerry meeting

Islamic State fighters carried the out suicide attacks, its Amaq news agency said on Monday. "The prime minister continues to be a steadying influence during a time of transition", Obama said . Kerry has been negotiating with Russian Foreign Minister Sergey Lavrov in China. Syrian rebel groups have worked alongside Nusra Front, which is now known as Syria Conquest Front.

Business

UK survey shows business activity rebounds in August

And Mr Bowman predicted that, against this weak economic backdrop, the Bank of England's Monetary Policy Committee would cut United Kingdom base rates further in November, to just 0.1 per cent. But he cautions that it remains too early to say whether August's upturn is a "dead cat bounce or the start of a sustained post-shock recovery". However, the survey report added: "The overall strength of sentiment nevertheless remained relatively subdued amid reports of ongoing uncertainty related to ...

Business

Marvell Technology Group Ltd. (NASDAQ:MRVL) , Himax Technologies, Inc. (NASDAQ:HIMX)

Marvell Technology Group Ltd . (NASDAQ:MRVL)'s mean EPS estimate was $0.09 for the quarter ended on 10/2015, while it reported EPS of $-0.01 on 12/7/2015 Before Market Open, missing the analysts' consensus estimate by -0.10 with surprise factor of 111.11%.

Business

Syria cease-fire deal with Russian Federation close, but Obama says 'not there yet'

United States officials insist they will extradite Gulen if Turkey can present proof he was actually involved. CNN reported that the Islamic State of Iraq and Syria (ISIS) had claimed responsibility for the attacks. Obama didn't detail the trouble spots, although he suggested the USA has concerns about Russian Federation holding up its end of the bargain and enforcing the terms.

Business

Petrobras sheds 11704 workers in plan to save $1.2 billion

Analyst's mean target price for WPX Energy, Inc. The current price is staying above the SMA lines which signify strength and is generally healthy/positive and may provide the momentum for driving the share price higher. The number of shares now owned by investors are 6.15 bln. He writes articles for Analysis of different Companies including news and analyst rating updates.

Business

United States payroll growth slows in August, jobless rate steady

The unemployment rate was unchanged at 4.9 percent as more people flocked to the labor market. Job gains slowed across most major industries and employers cut workers in manufacturing, construction and mining. Low response rates in a popular vacation month and difficulty adjusting for seasonal effects at the start of the school year could be to blame. The timing of the next rate hike could also be determined by wage growth.

Business

Duke Energy Corporation (NYSE:DUK) Shorted Shares Decreased By 2.08%

Most recently on 1/4/2016 the stock of Spectra Energy Corp. However, the bulls stepped in to buy at lower levels and pushed the stock higher. 83 funds bought stakes while 401 increased positions. Several equities research analysts have recently weighed in on DUK shares. Mizuho raised their price target on shares of Duke Energy Corp. from $75.00 to $80.00 and gave the stock a "neutral" rating in a research note on Thursday, August 4th.


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