Finance

Holiday sales best since Great Recession, as consumers buy the latest gadgets

Holiday sales best since Great Recession, as consumers buy the latest gadgets Consumer spending had been robust previous year thanks to the improved consumer confidence and strong labor market performance. For example, after warning of a tough holiday Target reported that same-store sales in November and December grew 3.4%, Nordstrom said that net sales rose 2.5% and same-store sales rose 1.2% in that period, and teen apparel retailer American Eagle beat forecasts w... [Full Article...]

Sensex, Nifty hit record high

Sensex, Nifty hit record high TCS shares fell 2 per cent intraday after the company had yesterday reported 3.6 per cent fall in net profit for the December quarter. Markets are waiting for more corporate results to flow in to see signs of recovery after the goods and services tax and the withdrawal of high-value bank notes, he added. [Full Article...]

Heavy snow leaves thousands of tourists stranded at Swiss ski resort

Heavy snow leaves thousands of tourists stranded at Swiss ski resort A train packed with tourists has begun the descent from a snowbound town near Switzerland's Matterhorn as railway service resumed following a almost two-day suspension due to avalanche risks . The move came as Switzerland's avalanche institute, SLF, lowered the avalanche risk from the highest level, five, to four earlier Wednesday. Local officials said no lives are in danger and the situation... [Full Article...]

European Central Bank minutes show optimism - EUR/USD breaks above 1.20

European Central Bank minutes show optimism - EUR/USD breaks above 1.20 Crude oil prices are in a corrective mode today, with front-month WTI futures down 0.6% at $63.41, extending the retreat from yesterday's 37-month high at $64.75. The euro zone recovery is a few years behind the USA, of course. HSBC shares rose 3.28% to £791.40. French and Spanish Consumer Price Index (CPI) data from December is due for publication on Friday but Euro traders are more... [Full Article...]

Kenya Airways CEO sees 10 pc income bump from direct U.S. flights

Kenya Airways CEO sees 10 pc income bump from direct U.S. flights The return flight will leave NY at 12:25 p.m. and arrive in Nairobi the next day at 10:55 a.m. It fits within our strategy to attract corporate and high-end tourism traffic from the world to Kenya and Africa. Jim Holden, president of Holden Safaris, said, "Safaris in Kenya are very competitively priced, and now with direct flight connections, the destination offers an even more attractive safari p... [Full Article...]

South African Zuma to set up anti-graft probe

South African Zuma to set up anti-graft probe Ramaphosa also confirmed that he met President Jacob Zuma on Sunday at Dube House in Durban and held talks with him, but did not reveal anything about their discussions. Deputy President Cyril Ramaphosa , 65, who styled himself as a reform candidate, last month narrowly won the leadership of the ANC over Zuma's ex-wife and is the country's likely next president. [Full Article...]

Intel: Chip performance takes a 6% hit with security updates

Intel: Chip performance takes a 6% hit with security updates Intel isn't the only one pursuing this goal - IBM happens to have a giant 50-qubit quantum computer hanging around at CES - and the competition between tech giants to own this next generation of computing can only make it come faster. He ended that hard portion of his speech by promising that Intel would provide security patches all Intel chips built in the last five years. [Full Article...]

Holland, West Michigan Apparently Not Affected by Sam's Club Closings

Holland, West Michigan Apparently Not Affected by Sam's Club Closings There are two Sam's Club stores in Montana - one in Billings and the other in Great Falls. They only learned the news when they found their stores locked up with a notice announcing the decision, according to Business Insider . Walmart CEO Doug McMillon said, " Tax reform gives us the opportunity to be more competitive globally and to accelerate plans for the U.S". While many of those c... [Full Article...]

Ikea wants you to urinate on ad for possible discount

Ikea wants you to urinate on ad for possible discount Instead of showing a positive or negative test, the ad reveals a coupon for a baby crib. Sorry U.S. citizens, there's no indication that this advertisement applies here. 'Careful selection of materials, together with a controlled capillary flow have been crucial for the success of this project. In 2001, Animal Planet placed ads that had dog urine scent at the base of lamp posts to grab dogs' -... [Full Article...]

Nissan's latest technology allows cars to respond to drivers' brainwaves

Nissan's latest technology allows cars to respond to drivers' brainwaves The multinational Japanese automobile manufacturer will demonstrate the range of the exclusive technology at the CES 2018 trade show January 9-12 in Las Vegas. No it's not experimenting with mutant genes to give auto owners X-Men-like powers, but rather studying how drivers' brains precisely respond to certain obstacles on the road. [Full Article...]

JFK Airport Freezes, Floods, and Leads to Travel Chaos

JFK Airport Freezes, Floods, and Leads to Travel Chaos JFKIAT said January 8 the water main break on the west side of the arrivals hall impacted 10 incoming flights to T4, adding the terminal "was completely operational within four hours after the water main break as a result of JFKIAT working closely with local agencies and authorities as well as on-site emergency maintenance personnel". [Full Article...]

Sainsbury's profits boosted by 'record' Christmas trading

Sainsbury's profits boosted by 'record' Christmas trading Over the Christmas week, Sainsbury's recorded record sales, booked more than 340,000 online grocery orders and saw "stellar growth" in its Argos Fast Track delivery and collection. Sainsbury's opened 52 Argos stores in Sainsbury's supermarkets during the quarter, bringing the total to 164 - and plans to open around 145 Argos stores in Sainsbury's supermarkets in the 2017/18 financial year... [Full Article...]

Amazon-Target Prediction Attracts Media Attention And Industry Skepticism Featured

Amazon-Target Prediction Attracts Media Attention And Industry Skepticism Featured Target is the ideal offline partner for Amazon for two major reasons, the firm said: shared demographics and a manageable but comprehensive store count (with roughly 1,830 stores). " Amazon has, over the years, aggressively pursued mom's through promotions around Prime along with loading Prime Video with kid-friendly content", Munster said. [Full Article...]

Education Realty Trust (EDR) Given a $44.00 Price Target at B. Riley

Education Realty Trust (EDR) Given a $44.00 Price Target at B. Riley A 7 analysts rate it as either a buy or a strong buy, while 0 believe that investors should either steer clear of (NYSE:BDN) or, if they already own its stock, sell it. Investors sentiment decreased to 1.42 in 2017 Q3. Jefferies Gp Limited Liability reported 407 shares. Hsbc Hldgs Plc reported 22,862 shares or 0% of all its holdings. [Full Article...]

ARGENTINA: Monthly Consumer Price Index Accelerates To 3.1% In December

ARGENTINA: Monthly Consumer Price Index Accelerates To 3.1% In December Crude prices have rallied, sending Brent crude above Dollars 70 a barrel on Thursday for the first time since December 2014, a worry that India imports most of its energy needs. Shelter costs rose 0.4% in the month, while medical care increased 0.3% and food was up 0.2%. The December decline was led by a 2.7 per cent drop in the price of gasoline, which had jumped 7.3 per cent in November. [Full Article...]

China blocks Marriott for listing Tibet and Taiwan as countries

China blocks Marriott for listing Tibet and Taiwan as countries Foreign ministry spokesman Lu Kang told a regular briefing on Friday that Hong Kong , Macau , Taiwan and Tibet were all part of China. "According to the advertising law, Marriott may face a maximum fine of 1 million yuan (153,822 USA dollars) or have its business license revoked", Wu said. [Full Article...]

Infosys Q3 net profit up 38.3%, revenue at Rs 17794 crore

Infosys Q3 net profit up 38.3%, revenue at Rs 17794 crore India's second-largest outsourcer by revenue, after Tata Consultancy Services Ltd., said that its profit in the three months ended December 31 was 51.29 billion rupees ($805 million), compared with 37.08 billion rupees a year ago. Consolidated revenue, however, grew 8 per cent annually to $2,755 million from $2,551 million in the like period year ago but remained flat (1 per cent) sequentially ... [Full Article...]

On Eve of Detroit show, FCA Announces $1B Investment

On Eve of Detroit show, FCA Announces $1B Investment The investment announcement comes a year after Fiat Chrysler revealed initial plans to invest in Warren for the launch of the new Jeep Wagoneer and Grand Wagoneer. Miguel Ceballos, FCA spokesman for Mexico, said the company in 2018 and 2019 expects more growth in Mexico, and the moment it stops producing the Ram Heavy Duty pickups it will start to produce the new commercial vehicle, "which still... [Full Article...]

Toyota, Mazda Select Alabama for New Manufacturing Plant

Toyota, Mazda Select Alabama for New Manufacturing Plant The factory will build up to 300,000 vehicles, half of them being the Toyota Corolla and the other half being a new Mazda crossover vehicle. The companies originally announced plans for a US plant in August when the two Japanese automakers signed a joint venture agreement, though the exact location was not known at that time. [Full Article...]

China Trade Cools As Imports Fall Short But Exports Rise 11%

China Trade Cools As Imports Fall Short But Exports Rise 11% But historically, Beijing has responded to new U.S. tariffs with tit-for-tat measures and it is unclear how long its leaders will restrain themselves. The president has connected the two issues a number of times. "We have...long expected China's domestic demand and imports to slow in 2018 on gradually tighter monetary and financial policies and slower real estate activity momentum", Louis Kuij... [Full Article...]


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