Finance

Commerce sets AD/CVD rates after failure to reach US-Canada lumber deal

Commerce sets AD/CVD rates after failure to reach US-Canada lumber deal Commerce Secretary Wilbur Ross said in a statement. The United States and Canada have been working on a long-term deal to manage the softwood lumber trade, a prolonged prickly trade issue between the two economic partners. "We will forcefully defend Canada's softwood lumber industry, including through litigation, and we expect to prevail as we have in the past", Freeland and Carr said. [Full Article...]

US Fed: economy still growing at 'solid pace' despite hurricanes

US Fed: economy still growing at 'solid pace' despite hurricanes Profit in the first fiscal quarter of 2018 rose 45% to $427m. On the corporate earnings front investor looked ahead to earnings from a few notable companies including both Tesla (NASDAQ:) and Facebook (NASDAQ:) slated to report after the market closes. [Full Article...]

Blue Apron posts bigger loss as distribution spending ramps up

Blue Apron posts bigger loss as distribution spending ramps up The company reported its third-quarter earnings this morning and beat analysts' estimates , but its revenue growth slowed to 2.5 percent compared to Q3 2016. HelloFresh revenue grew 53 percent in the second quarter of the year, compared with a year earlier, according to FactSet data. Blue Apron reiterated forecasts for net revenue in the second half of $380 million to $400 million. [Full Article...]

Bombardier announces new $5bn deal for C Series

Based on the list price, a firm order would be valued at approximately $2.4bn (£1.81m), rising to almost $4.8bn should all 30 options be exercised. According to Bombardier , which did not name the client in question, the price of the firm order on 31 CSeries aircraft is 2.4 billion US$, which would double if the letter of intent on the 30 additional aircraft was implemented. [Full Article...]

Investors Are Keeping an Eye on Shares of Edwards Lifesciences Corp

Breaking that down further, it has performed -9.27% for the week, -7.58% for the month, -5.50% over the last quarter, 0.54% for the past half-year and 18.99% for this a year ago. The shares were sold at an average price of $100.93, for a total value of $3,320,597.00. The disclosure for this sale can be found here. The P/E ratio is 31.197 and the market cap of the company is 21.72B. [Full Article...]

Barry Investment Advisors LLC Cuts Stake in Teva Pharmaceutical Industries Limited (TEVA)

Several analysts have recently weighed in on the stock. Bronfman E.L. Rothschild L.P. increased its stake in shares of Teva Pharmaceutical Industries Limited by 2.6% in the second quarter. A certain stock may be considered to be on an uptrend if trading above a moving average and the average is sloping upward. Teva Pharmaceutical Industries Limited has a 12 month low of $13.26 and a 12 month h... [Full Article...]

Whole Foods hiring 6000 workers for National Hiring Day event

Whole Foods hiring 6000 workers for National Hiring Day event But this recruitment push will be run entirely by Whole Foods, said a spokesman. That includes the store at 3515 Bridgeport Way W.in University Place. They'll hire cashiers, culinary experts and prepared food specialists. To apply, candidates can visit any Whole Foods Thursday for on-the-spot interviews. [Full Article...]

SIA to spend US$850m on new cabin interior for A380 fleet

The new interior for its 19 superjumbos will cost the airline $850 million. "The new cabin products are the culmination of four years of work, involving extensive customer research and close partnerships with our designers and suppliers", Singapore Airlines CEO Goh Choon Phong said Thursday in a news release . [Full Article...]

Company Performance Review on Shares of Chesapeake Energy Corporation (NYSE:CHK)

Company Performance Review on Shares of Chesapeake Energy Corporation (NYSE:CHK) SM has a beta of 3.04 and therefore an above average level of market volatility. Looking further out we can see that the stock has moved -43.59% over the year to date . It also wasn't able to reach analysts' revenue estimate of $2.07 billion for the third quarter of 2017. Production growth for the full year continues to be forecast in a range of down 1% to up 1%. [Full Article...]

3D Systems Corporation (DDD) Downgraded by Bank of America Corporation

It has underperformed by 13.93% the S&P500. On August 4 the company was upgraded from "Underweight" to "Neutral" by JP Morgan. Therefore 12% are positive. Pacad Invest Ltd has invested 0.09% in 3D Systems Corporation (NYSE: DDD ). Commerzbank Aktiengesellschaft Fi reported 448,746 shares. 3D Systems said the work includes "solving for legacy issues" and addressing execution. [Full Article...]

US, AT&T discussing conditions for Time Warner deal

The stock of Chegg Inc (NYSE:CHGG) has "Buy" rating given on Tuesday, August 29 by Northland Capital. Royal Bank Of Canada reaffirmed a "hold" rating and issued a $102.00 price objective on shares of Time Warner in a research report on Friday, October 27th. [Full Article...]

Whitbread plc (WTB) Stock Price Up 1%

Whitbread plc (WTB) Stock Price Up 1% Pillar Pacific Cap Mngmt Limited Company stated it has 0.15% in Admiral Group plc (LON:ADM). It now has negative earnings. About 520,954 shares traded. Finally, J P Morgan Chase & Co reiterated a "neutral" rating and set a GBX 4,000 ($52.78) price objective on shares of Whitbread plc in a report on Wednesday, October 11th. [Full Article...]

California gas prices went up 12 cents November 1

California gas prices went up 12 cents November 1 California drivers can expect to pay a little more at the pump starting Wednesday as a state gas tax increase takes effect. "Or we may see a sizeable hike on Wednesday". Republican leaders are trying to gather signatures to place a ballot measure repeal of SB1 before voters next year. Newman won his seat past year by less than 1 percent of the vote. [Full Article...]

Gigi Hadid Calls Out Islamophobic Tweet

Gigi Hadid Calls Out Islamophobic Tweet Palestinian fashion model (and daughter of scariest Real Housewife of all time, Yolanda Hadid), Gigi Hadid , issued this hot take Wednesday on Twitter after Loomer posted a hateful tweet about women wearing hijabs at the corner of Monday's terror attack in New York City . [Full Article...]

Five things we have learnt from the Bank of England

Five things we have learnt from the Bank of England Before the news, the pound was trapped in a narrow 30 basis points range, among the quietest days in a 15-year trading history according to Thomson Reuters data, with investors sidelined before a Bank of England rate decision on Thursday. [Full Article...]

Bitcoin Smashes Through Price Ceiling

Bitcoin Smashes Through Price Ceiling All three exchanges are regulated by the Commodity Futures Trading Commission, which appears willing to treat bitcoin as a commodity such as wheat and oil. "The BRR has proven to reliably and transparently reflect global bitcoin-dollar trading and has become the price reference of choice for financial institutions, trading firms and data providers worldwide", Schlaefer said. [Full Article...]

Tesla losses widen in Q3 after heavy production costs

Tesla losses widen in Q3 after heavy production costs The Model 3 auto is a key test for Tesla as it tries to prove it can ramp up its output. Tesla said it would reach a target of 5,000 units a week of the Model 3 before the end of the year, adding this would move as high as 10,000 a week by the end of 2018. [Full Article...]

New Zealand ranks among top ten nations on gender equality

However, at the current rate of progress, the gender gap will take almost 100 years to bridge, WEF said. The country has marginally improved its ranking in the sub-indices of WEF's gender gap index. The fall chiefly reflected a decline in the political empowerment of women in the country, the Geneva-based think tank said. "Also, keeping in mind all the reforms happening at the moment, next year'... [Full Article...]

Nab to cut 4000 jobs after $6.6bn profit

NAB's profit is considerably less than the Commonwealth Bank's $9.93 billion profit, and slightly below ANZ's $6.94 billion profit. The bank is expected to announce restructuring costs relating to the redundancies of between AU$500m and AU$800m in first half results early next year. [Full Article...]

The Grand Tour coming back on Amazon Prime Video

The Grand Tour coming back on Amazon Prime Video A new trailer has been released by Amazon Prime Video which confirmed the season 2 release date - December 8. For series 2, the trio has filmed across five continents, visiting more places like Croatia, Mozambique, Dubai, Spain, Switzerland, Colorado and NY with their giant studio tent being given a permanent home in the Cotswolds. [Full Article...]


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