Finance
Oil Prices Fall as Stocks Selloff Rattles Market
Oil's movements have become more closely aligned with broader financial markets in recent days as expectations of a pickup in inflation and subsequent tightening of monetary policy have interrupted the stock market's rally. WTI for March delivery dropped US$1.30 settling at US$64.15 a barrel on the New York Mercantile Exchange. Benchmark Brent fell to its lowest level since January 8 after Baker... [Full Article...]
Super Eagles Unveil 2018 World Cup Kit
Nigeria's away kit has a more traditional design in the well-known dark green colours of the team. The home kit is well - white - with a minute red trim around the neck and features blue shorts, while the away kit is red with white shorts in a nod to the kit worn in the 1966 final. [Full Article...]
Overwatch Will now let you Change Skins Before a Match
And Blizzard is ensuring the popularity of their competitive shooter stays up high as they are rolling out their big new seasonal event: The Year of the Dog . In a new Overwatch development update video, Blizzard's Jeff Kaplan detailed what players can expect from this year's Lunar New Year celebration . [Full Article...]
Rio Tinto full-year profit jumps 69 percent; announces $1 billion buyback
The company's net earnings is at US$8.8 billion, and consolidated sales revenues is US$40 billion, which is US$6.2 billion higher than 2016. At the moment 7 analysts are watching Rio Tinto Plc (NASDAQ:RIO), 4 rate it "Buy", 2 "Outperform", 1 "Underperform", 0 "Sell", while 0 "Hold". [Full Article...]
Investors who bet on calm stock markets lose out as volatility returns
The VelocityShares Daily Inverse VIX Short-Term ETN sank 84 percent in after-hours trading, while the ProShares Short VIX Short-Term Futures ETF fell almost 79 percent as investors questioned if they could survive the volatility shock. Oversold values are 0 to 20 and investors might look to buy dips in up trends when the signal line crosses up from below 20 to above 20. "If you're going to pla... [Full Article...]
Twenty-First Century Fox Q2 Profit Tops Street
With 1.52M avg volume, 1 days are for Ppdai Group Incorporated (NYSE:PPDF)'s short sellers to cover PPDF's short positions. Twenty-First Century Fox , Inc is a media and entertainment company. Shares of Fox fell 2 percent in regular trading Wednesday and were up 2 percent after the closing bell when the conglomerate released its results. The company had revenue of $7 billion for the quarter, co... [Full Article...]
A Few Clear Signs for Vipshop Holdings Limited (VIPS)
About 12.06M shares traded or 8.94% up from the average. It has outperformed by 10.49% the S&P500. Addenda Capital Inc increased its stake in Oracle Corp (ORCL) by 6.97% based on its latest 2017Q3 regulatory filing with the SEC. Vipshop Holdings Limited (NYSE: VIPS ) has noticeable price to earnings growth ratio of 24.87, which find it more attractive on the other stock that has lower PEG and... [Full Article...]
Tesla reports record $675.4mn loss in Q4
Electric vehicle maker Tesla has reported a record loss of $675.4 million - $4.01 per share - on a revenue of $3.29 billion in the fourth quarter of 2017. Tesla built a new assembly line at the Gigafactory to make its Model 3 batteries. In total, the company said it had produced 2,425 Model 3s in the fourth quarter. [Full Article...]
Does Trump know the way the inventory market works?
While some were quick to prophesize this economic turbulence as a huge market crash, other economists say this is more an example of a stock market "correction", not a crash . Treasury Secretary Steve Mnuchin ducked questions, as well. Overall, the Dow rose 149% during Obama's presidency. He made a quick exit to an SUV that was waiting for him on the tarmac at Joint Base Andrews when the ... [Full Article...]
Biotech Billionaire Patrick Soon-Shiong To Buy LA Times
The report further stated the deal was not struck Tuesday afternoon although both the involved parties were trying hard to finish the transaction so that an announcement could come early Wednesday, according to the sources who requested anonymity as they weren't allowed to speak about the negotiations publicly. [Full Article...]
Southwest Plane Nearly Goes Off The Runway At BWI Airport
Officials say the incident took place just after 10 a.m. Southwest Flight 906 was bound for Montego Bay , Jamaica with 143 passengers and six crew members aboard. "We were taxiing on the runway not too fast. The pilot then came on the intercom and said we hit ice", Edmonds told ABC News in a telephone interview. [Full Article...]
Noteworthy Stocks: The Walt Disney Company (DIS), Corning Inc. (GLW)
For the past full year, shares are -3.10%. Following some medium-term indicators on shares of CenturyLink, Inc. BlackRock Limited Duration Income Trust (NYSE:BLW) has risen 7.11% since February 7, 2017 and is uptrending. Loop Capital maintained the shares of DIS in report on Wednesday, January 31 with "Hold" rating. Deutsche Bank maintained the stock with "Buy" rating in Tuesday, August 25 repor... [Full Article...]
U.S. announces takedown of global cyber theft ring
Department of Homeland Security agents coordinated with law enforcement around the globe, including officials in Albania, Australia, France, Italy, Kosovo, Serbia, and the United Kingdom, according to Rybicki. Under the slogan " In Fraud We Trust ", according to the indictment, the crime ring grew to almost 11,000 members and became a premier destination for carding - or the buying of online goo... [Full Article...]
BLM activist fatally shot while biking in New Orleans
There were several people tonight who say they are committed to continuing his legacy in the fight for justice, education and building up the community. A police report says an officer answering a call about a gunshot found him on the ground, asking for help near the Treme (truh-MAY) neighborhood and about eight blocks from the French Quarter. [Full Article...]
Analyst Buzz: The Coca-Cola Company (NYSE:KO)
Genworth Financial, Inc. (NYSE:GNW) has risen 3.41% since February 7, 2017 and is uptrending. It has outperformed by 0.16% the S&P500. SMITH BRIAN JOHN also sold $4.61 million worth of The Coca-Cola Company (NYSE:KO) shares. Bowen Hanes Inc, Georgia-based fund reported 217,900 shares. As per Thursday, April 21, the company rating was maintained by UBS. Sterling Capital Mgmt Lc holds 0% of its port... [Full Article...]
BC government announces money-saving changes to ICBC
Eby said the limit on minor injury claims would not take effect until April 2019 as part of legislation to be introduced by the government. "These increase can only come as a result of a financially stable ICBC", he added. In the meantime, rates are up eight per cent this year for the average driver, combining basic and optional insurance provided by ICBC. Disability BC applauded the changes n... [Full Article...]
And BC wine somehow found itself in the middle
The Alberta government announced a ban on B.C. wines as a response to the B.C. government stalling the Trans Mountain pipeline project. Apparently, according to the BC Wine Institute, the industry is very important to Alberta as well. has only threatened a new policy, and not implemented it. "Most winemakers are farmers and, like farmers, it's a hard way to make a living", he said. [Full Article...]
Dow Briefly Falls More Than 10 Percent From High
Stocks followed a two-day rout with a volatile session Tuesday, as the S&P 500 swung through an intraday price range of 3.4%. This despite a more-than-40 percent increase in emerging-market price turbulence this year, and a weekly loss that matched the worst since the election of Donald Trump. [Full Article...]
Steve Wynn steps down as CEO of casino company
Shares in Wynn Macau Ltd slumped around 17 percent before they were put on a trading halt on Wednesday. Asked if the RNC would be returning the donations Wynn has made, RNC chair Ronna McDaniel refused to say yes last month - she would only say that he deserves "due process" - which will come only if he is arrested and charged with a crime. [Full Article...]
Bristol-Myers Squibb, Cirrus Logic, Arconic Inc SYSCO and more - PRE-MARKET
Also, Bristol-Myers Squibb's guidance for 2018 calls for revenue growth only in the low- to mid-single digit percentages. It has underperformed by 32.78% the S&P500. On 12/7/2017 announced a quarterly dividend of $0.40 2.56% with an ex dividend date of 1/4/2018 which will be payable on 1/5/2018. Cohu, Inc., through its subsidiaries, engages in the development, manufacture, sale, and servicing of... [Full Article...]