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Macy's Sales Keep Dropping, and Investors Are Unforgiving

The company issued revenue guidance of down 3.2-4.3% to ~$24.7-25.0 billion, compared to the consensus revenue estimate of $24.69 billion. That's right - they think these 10 stocks are even better buys. On Thursday, iconic department store chain Macy's announced that is comparable sales had dropped by 2.8% during its second quarter. The business's revenue for the quarter was down 5.4% compared to the same quarter past year.

Business

Nuveen Municipal High Income Oppty Fund

A long position should be maintained as long as the indicator is moving above the price levels, whereas a short position - while it is below them. When the trend is absent or the market is volatile, this system generates a lot of incorrect signals.

Business

Pink Releases Catchy New Single 'What About Us'

The song is the first single off Pink's upcoming album, Beautiful Trauma , dropping October 13. "What about all the times you said you had the answers?" "I'm certifiably, insanely proud of this album", the " Try " singer continued. "I could not be more excited right now", she wrote about Beautiful Trauma alongside a photo of herself wearing sunglasses, a sparkling white dress and a puffy jacket.

Business

Bank of England rebuffs calls for changes to its polymer notes

The central bank reviewed the make-up of its new plastic notes after thousands of people signed a petition calling on it to end the use of animal-derived products. But the Bank said it had to balance this "against its other public duties and priorities" and other evidence it had gathered. HM Treasury advised the Bank that it does not believe switching to palm oil derivatives would achieve value for money for taxpayers.

Business

Safe-Haven Currencies Rise as North Korea Tensions Brew

Gold climbed to its highest point since mid-June, pushing up mining-company shares amid military tensions between the United States and North Korea . The company booked a hefty charge and said its CFO is leaving the company. In Frankfurt, the DAX 30 dropped 1.1% to 12,154.00, and in Paris, the CAC 40 index was fell 1.4% to 5,145.70.

Business

Disney plans int'l streaming service

The Walt Disney Company will pull its movies from Netflix in the USA in 2019 and launch a rival Disney-branded global streaming service . In order for the live streaming to be successful, Disney bought a share in BAM Tech for $1.58 billion , which will provide the streaming platform.

Business

Analysts' Activity: Eldorado Gold Corp (EGO)

Flossbach Von Storch AG now owns 26,529,688 shares of the basic materials company's stock worth $422,088,000 after buying an additional 13,576,086 shares during the period. The firm's 50-day moving average price is $16.21 and its 200 day moving average price is $17.56. Barrick Gold Corporation (NYSE:ABX) shares typically trade an average volume of 11509.91 and institutions hold 72.10% of the total shares.

Business

Positive News Coverage Somewhat Unlikely to Affect Invitation Home (INVH) Stock Price

Shares of Starwood Waypoint Homes are presently 32.69% off the 52 week low. The firm's 50 day moving average is $21.44 and its 200-day moving average is $21.45. If you are accessing this piece on another publication, it was copied illegally and reposted in violation of United States & worldwide copyright legislation.

Business

The 'Pink Slime' Debacle Cost Disney and ABC at Least $177 Million

The $177 million payout thus allowed Disney to avoid rolling the dice on a verdict and facing years of uncertainty on appeal. A legal settlement between ABC and a South Dakota meat producer in a defamation lawsuit over the network's reports on a beef product that critics dubbed " pink slime " exceeded $177 million, an attorney for the producer said Wednesday.

Business

Tesla upgrades Autopilot hardware in new cars

Tesla is burning through about $1 billion per quarter, as it starts its ambitious plan of ramping up Model 3 production to over 400,000 units per year in only 18 months. "Obviously, that's like the promised land right there". However, latest reports suggest that Musk met investors and discussed the bond issue. Analysts have scrutinized Tesla's financial in the past.

Business

Wall St falls on ramp-up of U.S. tension with N. Korea

But after yesterday's action on the index, "we can possibly rule out the threat of nuclear war as a catalyst", said Jim Reid, strategist, and Jeff Cai, research analyst. Quebecor (QBR.B.TO) said quarterly profits rose on the sale of wireless licenses outside of Quebec and other special gains. "None of them are good".

Business

London Underground to have full 4G mobile network coverage within two years

For the other lines, Transport for London and City Hall hope to roll out 4G connectivity by the end of 2019. One of Khan's key measures is the appointment of a troubleshooting "not-spot" team, whose goal is to go out into problematic connectivity spots to work with local authorities and providers to identify and deliver solutions to improve connectivity.

Business

LEGO appoints new CEO

The Danish toymaker said on Thursday that the 61-year-old will be sidelined to make way for Niels Christiansen, 51, who is now boss of industrial tech firm Danfoss. Knudstorp describes Christiansen as "one of the strongest CEOs of his generation" and states that he is "confident that under Niels, the LEGO Group will continue to flourish and bring play experiences to more children around the world".

Business

Kohl's, Macy's Net Surge; Blue Apron, Dillard's Net Swings to Loss

That's better than the $235.8 million that analysts surveyed by FactSet predicted. It reported a net loss of $31.6 million, or a loss of 47 cents per share, after net income of $5.5 million in the year-earlier period. And although Blue Apron grew its customer base by 23 percent since previous year, it saw a 9 percent drop in customers over the last quarter as the company went through with a planned rollback in its marketing expenses.

Business

Fired author of controversial Google memo breaks his silence

Damore said that he filed the complaint before he was sacked, and that firing someone because of a labor complaint is against the law. The letter, sent Tuesday, was signed by Democratic Reps. The memo says biological differences between men and women may explain why women are not equally represented in the technology industry. "I chose to create the document to clarify my thoughts".

Business

Tech companies lead broad slide in USA stocks; oil rises

The Dow Jones Industrial Average fell 63.37 points, or 0.29 per cent, to 22,021.97. Investors were more forgiving of challenges facing Ralph Lauren and Michael Kors , which are trying to recapture shoppers' attention in a retail industry challenged by e-commerce and bargain-hunting.

Business

Fearing nuclear winter, investors bought Swiss francs

Trump tweeted Wednesday morning that one of his first orders as president was to "renovate and modernize" the nuclear arsenal. Secretary of state Rex Tillerson said yesterday North Korea posed no "immediate threat" and that "Americans should sleep well at night, have no concerns about this particular rhetoric of the last few days".

Business

Shore Capital Reiterates Hold Rating for Coca Cola HBC AG (CCH)

Coca Cola Co now has $194.46B valuation. The stock declined 0.13% or $0.02 reaching $15.5 on the news. About 107,412 shares traded. Shares of Coca-Cola Company (KO) traded down 0.02% during trading on Friday, hitting $45.59. Investors sentiment increased to 0.5 in Q4 2016. Its down 0.01, from 0.88 in 2016Q3. With 10.77 million shares average volume, it will take short sellers 4 days to cover their KO's short positions.

Business

Flipkart fund investor now become the largest shareholder in firm

The deal comes just 10 days after SoftBank's attempts to forge a deal between Flipkart and its smaller rival Snapdeal fell apart following months of negotiations. The funding round further solidifies Flipkart's balance sheet and will help accelerate investment in driving continued market leadership. Earlier, Softbank Group wrote-off $ 1 billion on valuation of its stake in Snapdeal , indicating why it was desperate to exit the investment and switch its holding in the struggling ...

Business

Equity indices fall for 4th day; auto, healthcare stocks slump

The BSE Sensex was trading 138 points lower at 31,660 while the broad-based index Nifty was down 50 points to 9,857. Disappointing quarterly results from Tata Motors also weighed on markets. On the currency front, the rupee weakened by 25 paise to close at 64.08-09 to a USA dollar from its previous close at 63.83-84. Major Sensex losers were: Tata Motors (DVR), down 9.26 per cent at Rs 219.90; Tata Motors, down 8.60 per cent at Rs 380.90; Dr.

Business

Ralph Lauren Corporation (RL) Stake Increased by Norges Bank

Ralph Lauren Corporation's dividend payout ratio is -163.93%. Hedge funds and other institutional investors own 58.45% of the company's stock. Intellectus Partners LLC increased its stake in Ralph Lauren Corporation by 18.2% in the first quarter.

Business

Toshiba shares up as delisting fears ease

Auditor PriceWaterhouseCoopers Aarata gave a "qualified opinion" on the results and a rare "adverse opinion" on the company's internal controls, Reuters reported, citing a filing. If the losses were recorded as per its auditor's guidance, however, the conglomerate would have posted negative net worth for two successive years, that would usually lead to a delisting from the TSE.

Business

Stock to Watch: Office Depot Cmn (ODP)

Wall Street is only getting neutral on the stock, with 1 of analysts who cover ODP having a buy-equivalent rating. This company has been competing with others in the Services space and offers its own combination of interesting factors Office Depot, Inc .

Business

Global safe-haven trades jump on escalating North Korea tensions

Nervous trading marked the 10th anniversary of the start of the financial crisis on Wednesday, after Donald Trump's warning that North Korea faced "fire and fury like the world has never seen" if it continued to make threats against the US.

Business

Japanese Yen Benefits as Geopolitical Tensions Rise

The warning came just hours after U.S. President Donald Trump told North Korea that any threat it presented to the United States would be met with " fire and fury ". The Standard & Poor's 500 index slipped 0.90 points, or 0.04 percent, to 2,474.02. Gold futures for December delivery on the Comex division of the New York Mercantile Exchange rose 0.14% to $1,281.06 a troy ounce.

Business

At 50, ASEAN should strive for a democratic future

But Cambodia was concerned its views weren't adequately reflected in the statement being developed, causing a delay, a diplomat said. The ministers called on the global community to implement strictly UNSC resolutions and impose additional diplomatic and economic measures to address the Weapons of Mass Destruction (WMD) threat posed by the North Korean regime and its destabilizing behavior, and to make further efforts to urge North Korea to abandon its current threatening and provocative ...

Business

Walmart sorry for 'horrible' gun display

One Twitter user demanded that the retailer "explain this", while another asked, "What are you suggesting?" The sign appears to be part of an ongoing superhero-themed marketing campaign that is not related to guns. The supermarket chain sparked controversy when a Reddit user posted a picture, allegedly from within a Wal-Mart store , on a board dedicated to humor.

Business

Onu: approvate nuove sanzioni contro la Corea del Nord

E ancora: "Non c'è errore più grande per gli Stati Uniti che credere di essere una terra al sicuro grazie all'oceano". Il regime nordcoreano minaccia di colpire con un lancio di missili la base militare US nell'isola di Guam , nell'arcipelago delle Marianne.

Business

No need to panic, Guam governor says after North Korea threat

North Korean state media reported North Korea was considering a strike on Guam to contain USA bases there. Like other US territories, Guam has a sometimes complicated relationship with the USA mainland but many across the island say despite the threats and concerns they feel reassured and protected by the military - especially in times of tense, geopolitical sparring.

Business

CBDT highlights 25 per cent surge in filing of IT returns

The number of Income Tax returns filed by individuals has jumped to 2,79,39,803 till August 5 as against 2,22,92,864 returns filed a year ago. Direct tax collection also showed a strong growth. Archit Gupta, Founder and CEO Cleartax, said that once the income tax returns have been processed by the tax department, the taxpayer can make changes by filing a rectification request under Section 154 (1 ).

Business

Swiss franc, yen rise as North Korea tensions brew

Its biggest drags were Priceline and Walt Disney . "Heightened geopolitical risks overnight have seen the markets flip from risk-on to risk-off and we have to wait and see how long this move runs before adding some positions", said Viraj Patel, an FX strategist at ING in London.

Business

WWE Smackdown: John Cena calls out, challenges Baron Corbin

John Cena kicked off Smackdown Live Tuesday by addressing his loss to Shinsuke Nakamura before trading verbal barbs with Mr. Money in the Bank, Baron Corbin. Shortly thereafter, Flair locked in the Figure Eight for the easy win. Nakamura and Styles won when Nakamura hit Owens with the Kinshasa. SmackDown GM Daniel Bryan would make the match we all suspected would happen official.

Business

Crude Oil Clings To $49 As Saudis Dig In

Brent crude, the global benchmark, rose 0.2% to $52.46 a barrel. However, it is unclear how lasting the impact of the Saudi cut will have on a market plagued by underlying concerns over a global oil glut. Department of Energy inventory data tomorrow evening Asia time", said Jeffrey Halley, senior market analyst at futures brokerage OANDA in Singapore. "The reality is OPEC has no way of enforcing the production caps", said Gao Jian, an analyst at SCI International.

Business

Twenty-First Century Fox, Inc. (FOXA) closed its previous trading session at $28.03

New Leaf Venture Partners Llc sold 18,551 shares as the company's stock rose 0.86% with the market. NINE MASTS CAPITAL Ltd raised its position in Twenty-First Century Fox by 27.8% in the first quarter. Beat revenue estimates . The company saw revenue figures of $6.75 billion, beating our consensus estimate of $6.73 billion. The firm's revenue for the quarter was up 4.6% on a year-over-year basis.

Business

Cuomo, Delta Airlines, Magic Johnson team up for $4B LaGuardia terminal rebuild

The Delta facility is the final component of the new LaGuardia, which will provide travelers with state-of-the-art amenities and expanded public transportation, including a planned AirTrain. The price tag on the terminal is $4 billion, $3.4 billion of which will be covered by Delta-marking the largest investment in an airport facility in Delta's history.


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