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Business

Cook remains optimistic on China despite Q2 revenue decline

Apple reported a 4.6% rise in revenue across the whole company to $52.9bn (£41bn), slightly below analysts' forecasts. The smartphone, which was launched alongside its smaller iPhone 7 counterpart in September 2016, featured a better camera that led to robust demand.

Business

Coach acquires Kate Spade for $2.4 billion

Meanwhile, Kate Spade's board can rightfully claim it got a 27.5 percent premium to the stock's trading level before reports of deal talks surfaced last December. Kate Spade & Company's financial advisor is Perella Weinberg Partners LP and its legal advisor is Paul, Weiss, Rifkind, Wharton & Garrison LLP. Kate Spade said in February it was exploring strategic options, after hedge fund Caerus Investors urged the company to sell itself.

Business

France's political mainstream urges voters to back Macron

Macron's independent En Marche! group won 23.75% of votes in the first round, while Le Pen's Front National won 21.53%. Le Pen offers an alternative for anyone skeptical of the European Union and France's role in it, said Louis Aliot, the vice president of the National Front party.

Business

SpaceX launches military satellite, successfully lands Falcon 9 rocket

California time. SpaceX launched its first spy satellite on May 1, 2017 . Few details have been made public about the classified payload of Monday's launch, including the satellite's objective and what orbit it would take. This was the fourth SpaceX booster landing at Cape Canaveral; even more have landed on ocean platforms. Worrying, but not a showstopper. SpaceX now holds two launch contracts with the Air Force.

Business

Euro slips from 6-month high as Macron relief rally loses steam

The signature of the President of the European Central Bank (ECB), Mario Draghi, is seen on the new 50 euro banknote during a presentation by the German Central Bank (Bundesbank) at its headquarters in Frankfurt, Germany, March 16, 2017. "So both the euro and dollar should do well against the yen". The dollar was slightly higher against the yen, with USD/JPY at 112.84, close to an overnight high of 112.95.

Business

ASEAN countries continue to court China

Earlier, the host country's President, Rodrigo Duterte had also expressed his concern saying that Asean was anxious over the North Korean issue. On North Korea, the ASEAN leaders would express "grave concern" over developments in the Korean Peninsula, including two nuclear tests staged by the North a year ago and subsequent ballistic missile launches, according to the latest draft of the ASEAN communique.

Business

Hamas picks new Gaza leader amid bid for more influence

Hamas, which controls Gaza , recently published a new, more pragmatic political programme to end the isolation groups, which the West consider a terrorist organization. Haniyeh's selection marks the final phase of the secretive Hamas elections. The Gaza-based Islamic Jihad group on Saturday slammed the Hamas policy tweak.

Business

Emergency declared after nuclear waste tunnel collapse

The nuclear site which is located in Washington State announced their emergency on Tuesday afternoon after taking note of what appeared to be a cave-in near a now-defunkt uranium site. The emergency was declared at 8:26 am following an alert from the "200 East Area" containing the PUREX plant, which is no longer in use. "The Hanford Fire Department is on scene", the Department of Energy reports.

Business

Ducks narrow Oilers series lead with win

Roman Josi also scored in helping the Predators hand the Blues their first road loss of the postseason. One of Nashville's key strengths in Round 1, when they swept the Chicago Blackhawks, was Pekka Rinne, who earned two shutouts and allowed just three goals in that four-game series-good for a.976 save percentage.

Business

French elections: How Italy's politicians greeted Macron win

The campaign took a further twist when an information hack led to the release of a trove of documents related to the Macron campaign, which said some of the released documents were fraudulent. EU Council President Donald Tusk also offered his congratulations, saying the French had chosen "liberty, equality and fraternity" and "said no to the tyranny of fake news ".

Business

Kite Pharma, Inc. (KITE) Closed at $70.99

The biopharmaceutical company reported ($1.74) earnings per share (EPS) for the quarter, missing the Zacks' consensus estimate of ($1.68) by $0.06. Maxim Group reiterated a "buy" rating and set a $84.00 price target on shares of Kite Pharma in a research report on Saturday, March 11th.

Business

Mysterious Startups Claim To Be Able To Compete With Tesla Model 3

As an example, Musk said that while the electrical system of the Model S included three kilometers (1.86 mi.) of wires, the Model 3 slashed that figure by half. As Galliers pointed out, Tesla's gross margin on the Model S is already impressive, but that's for a vehicle starting at nearly $70,000. "The founders and CEOs of Future Mobility, WM Motor and Singulato acknowledge the Model 3 is the vehicle to beat".

Business

United, airlines slammed at hearing: "Something is broken"

The House transportation committee chair, Bill Shuster, a Pennsylvania Republican, said United and other carriers should use the notoriety of Dao's removal to improve customer service. The airline executives were grilled on overbooked flights, confusing and lengthy consumer rights information and increasing baggage fees, with numerous lawmakers recalling their own frustrating airborne experiences.

Business

Nordic American Tanker Shipping reiterated as Sell By Maxim Group

The firm had revenue of $55.20 million during the quarter, compared to analysts' expectations of $55.53 million. The average annual EPS growth estimates for the next one year is at 5.85%. The companys shares were trading down by 30 cents, or 4.2 per cent, at $6.77 in mid-morning trading in NY. A stock rating usually tells investors how well a stock's market value relates to what analysts think is a fair value for the stock, based on an independent evaluation of the company.

Business

Amazon Echo Show Officially Unveiled at $230

The $230 device is scheduled to ship June 28, according to a page on the tech titan's site . As it is an echo underneath, you can connect it to your home automation systems and let Alexa control most of your electrical appliances through your voice commands.

Business

Oil rebounds on Saudi assurances Russian Federation will extend

Yesterday, the US Energy Information Administration reported a drawdown of 930,000 barrels of oil, missing analysts' forecast of 2.3 million barrels decrease. These large drops put crude back to levels last seen before the Organization of the Petroleum Exporting Countries (OPEC) and other producers including Russian Federation said they would cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year in a bid to tighten the market and prop up prices.

Business

USA economy likely slowed last quarter, but rebound expected

That marked the economy's weakest quarter since early 2014. "US GDP figures are typically weaker in the first quarter, so this reading is in line with the seasonal trend", said Nancy Curtin, chief investment officer at Close Brothers Asset Management.

Business

Trump administration hollows out EPA science integrity board

Half the members of one of the EPA's key advisory boards are being replaced by EPA Administrator Scott Pruitt. The nine members of BSC who lost their titles were concluding their first term, and were told in January that they positions were in the process of being renewed, the Atlantic reported .

Business

HUDCO IPO oversubscribed 3 times on Day 2

HUDCO's issue comprises of offer for sale (OFS) of up to 20.41 crore equity shares by the promoter, the Government of India (GoI). The IPO was subscribed 3.01 times. The IPO has issue size of 20,40,58,747 shares. Motilal Oswal said, " Hudco's AUM has compounded at 9% CAGR from Rs 30,011.8 crore in FY14 to Rs 35,664.9 crore in FY16".

Business

Oil prices fall amid slower demand and high US output

Oil prices slipped to the pre-OPEC output cut level in early May on worries over brimming US supplies. For 2018, the EIA's growth forecast is 650,000 bbl/d, down from its previous forecast of 680,000 bbl/d. According to the June nomination plans, Aramco will cut supplies by 1 million barrels each to Southeast Asia, China and South Korea, a source, who has knowledge of the nominations but did not wish to be identified, told Reuters .

Business

Hot Stock to Watch: Duke Energy Corporation (DUK)

The stock now has its Annual Dividend of $3.42 and an annual Dividend Yield of 4.12 Percent. The EPS for Duke Energy Corporation is valued at 3.71 with an EPS growth this year at -2.60%. Duke Energy Corp's dividend payout ratio is now 82.61%. If you are viewing this story on another website, it was illegally stolen and republished in violation of United States & global trademark and copyright law.

Business

Australia plans major spending plus surplus in 3 years

The Treasurer said an extension of the rules involving foreign partnerships or trusts, plus new tax integrity measures recommended by the government's Black Economy Taskforce, would help raise a further $4 billion over the forward estimates.

Business

Oil heads sideways despite Saudi-Russian hints at extending output cuts

OPEC, Russia and other oil producing nations had agreed to curtail oil production by 1.8 million barrels per day (b/d) for six months, from January 1. United States light crude was up 35c at $46.57 a barrel, up from an intraday low of $45.83. Markets however have been impacted by a combination of slow seasonal demand and refinery maintenance, some growth in non-OPEC supply - especially in the U.S.

Business

Why Did Wall Street Close Flat on May 8?

With the French election ending in a victory for Emmanuel Macron, one more thing said to threaten global stability has made a quiet exit. A falling Vix typically indicates a bullish outlook for stocks. 18, while the Nasdaq index rose 26.10 points or 0.43% to 6,128.98. Suggesting U.S. stocks remain expensive, the S&P 500 is trading at 17.8 times expected earnings, compared with its 10-year average of 14.2, according to Thomson Reuters Datastream.

Business

WH again postpones Paris climate pact meeting as Macron jabs Trump

A White House spokeswoman confirmed that the meeting is being rescheduled. President Donald Trump's advisers remain divided over the accord, which won the backing of 195 nations in 2015. In his prior post as the elected attorney general of Oklahoma, Pruitt closely aligned himself with the needs of the state's oil and gas industry. That meeting, however, was 'inconclusive, ' according to The Independent .

Business

Macron Told Trump He Would 'Protect' The Paris Climate Agreement

French President-elect Emmanuel Macron has told his U.S. counterpart Donald Trump in a telephone call that he will defend the climate change deal agreed in Paris in 2015, his spokeswoman says. "It's been postponed", a senior official told AFP on Tuesday. But Environmental Protection Agency Administrator Scott Pruitt has said the Paris pact "is a bad deal for America" that will cost jobs.

Business

Amazon's New Echo Show Gives Alexa a Touch Screen

It provides immersive 360º omni-directional audio from Amazon Music , Spotify, Pandora, iHeartRadio, TuneIn and others on voice command and is powered with the ability to control several smart home gadgets. Assuming most households have Wi-Fi, it's not hard to see a device like the Echo stepping in to fill the landline void. Now, the company is making it better with a voice assistant that isn't just a speaker but has a touchscreen and a better integration and more features - Amazon Echo ...

Business

Australia Expected to Announce Infrastructure Spending Boost in Budget

The Treasurer argues there is no other feasible way of paying for the scheme, and says now is the time to stop debating how to pay for the NDIS and just do it. Morrison said the budget had a "fair and responsible path" back to balance, which is due to be reached in 2020-21, with a projected surplus of A$7.4 billion, somewhat higher than previously estimated.

Business

Hot Stocks to Sell Before They Hit the Wall

In the wake of Emmanuel Macron's victory in the French election and growing expectations of a United States interest rate rise, the two indices have hovered at record highs as investors' appetite for riskier assets has ticked higher. Sinclair fell 83 cents, or 2.2 percent, to $36.13. Benchmark U.S. crude fell 55 cents to settle at $45.88 per barrel. Vehicle rental company Hertz Global (HTZ.N) sank almost 19 percent at $12.20 following a bigger-than-expected quarterly loss.

Business

LUPICA: Victory meant more to the GOP than the health of millions

Republican Sen. Susan Collins of ME, a moderate Republican whose vote will be critical in getting a bill to Trump's desk, voiced concerns about potential higher costs for older people and those with pre-existing conditions. Rep. Sean Patrick Maloney (D-NY) on Saturday offered to hold town halls and explain the Republican bill to repeal and replace Obamacare to the constituents of GOP lawmakers who are avoiding public events during the House recess.

Business

Every Time 'May the Force...' Is Said in the 'Star Wars' Saga

May the fourth be with you, Smash Mouth. "It's challenging from his melancholy melodies up until his really hectic marches in Empire strikes back". The first known use of May the Fourth Be With You came during 1979 . Ever wonder what would happen if Star Wars met the Beatles ? The date for Star Wars day was chosen as a play on words of the Star Wars quote " May the Force be with you ".

Business

Fed Acknowledges Weakness, but June Rate Hike Still Likely

The final clincher will be the United States jobs data tomorrow night for April - if there is a repeat of the low 98,000 figure for March, then the Fed won't move on rates, but will sit. The statement acknowledged the drop in the core PCE price index but the central bank retained their stance that inflation has been close 2% targets and is expected to reach the target over the medium term.

Business

Credit Suisse reiterated Whitbread PLC (LON:WTB) as 'Outperform' With 4870 PT

It closed at $81.44 lastly. It has outperformed by 15.08% the S&P500. Stockholders of record on Thursday, April 27th will be issued a GBX 7 ($0.09) dividend. The company was maintained on Tuesday, April 26 by Liberum Capital. JPMorgan Chase & Co. boosted their price target on Barclays PLC from GBX 215 ($2.75) to GBX 225 ($2.88) and gave the company a " neutral" rating in a report on Wednesday, March 1st.

Business

Warren Buffett: The next Berkshire Hathaway CEO shouldn't be motivated by money

Everyone makes mistakes. In reference to recent setbacks with Wells Fargo , American Express, and United, Buffett highlighted that he doesn't pick companies who will never have problems. Regardless of what Buffett does, Rolfe believes there is a capital allocation "problem" at Berkshire, and the solution wouldn't please Buffett. CNBC's Jim Cramer attributed the "Oracle of Omaha" with a sea change he notices in investing today.

Business

Hertz tanks 15% after missing big on earnings (HTZ)

Federated Investors Inc. PA now owns 5,448 shares of the transportation company's stock valued at $117,000 after buying an additional 3,236 shares during the period. The business's revenue for the quarter was down.9% on a year-over-year basis. ICF International, Inc. has a consensus outperform rating from 7 Wall Street analysts, and the number of shares now sold short amount to at least 0.41% of shares outstanding.


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