Finance

Apple's third-quarter earnings soar on the back of booming iPad sales

Apple's third-quarter earnings soar on the back of booming iPad sales The company's shares rose 6.1 per cent to $159.20 in after-hours trading as Apple announced it expects revenue of between $49bn and $52bn in the fourth quarter, helping to clear some worries that the iPhone 8 was facing a production delay. [Full Article...]

India cuts rates by 25 basis points: central bank

India cuts rates by 25 basis points: central bank Repo rate - the rate at the which the central bank lends short-term money to banks - was cut by 25 basis points to 6 per cent from 6.25 per cent. Proponents of more rate cuts argue these would make loans cheaper and help companies refinance their debt, while potentially helping reduce some of the $30.3 billion in capital inflows into stocks and debt markets lifting the rupee by 5.6 percen... [Full Article...]

Plane Bomb Plot: Australia Ramps Up Airport Security

Plane Bomb Plot: Australia Ramps Up Airport Security On Sunday, AFP Commissioner Andrew Colvin said authorities had intervened early without having "all the pieces of the puzzle" because it was a counter-terrorism investigation. Mr Turnbull said the suspected plot was "advanced" and driven by "an Islamist extremist motivation". Domestic passengers are also being advised to limit luggage to carry-on only where possible. [Full Article...]

KeyCorp Comments on Whiting Petroleum Corporation's FY2017 Earnings (WLL)

Shares of Whiting Petroleum Corporation ( WLL ) traded down 2.29% during mid-day trading on Tuesday, hitting $5.13. BlackRock Inc. now owns 58,991,369 shares of the oil and gas producer's stock valued at $3,737,692,000 after buying an additional 57,202,942 shares in the last quarter. [Full Article...]

Trading Roundup: Checking Technicals For Heron Resources Ltd

Trading Roundup: Checking Technicals For Heron Resources Ltd More interesting news about iShares Dow Jones EPAC Sel Div Ind (ETF) (NYSEARCA:IDV) were released by: Investorplace.com and their article: "3 Dividend ETFs You Completely Overlooked" published on September 22, 2016 as well as Investorplace.com's news article titled: "5 Top Dividend Stocks From Across the Globe" with publication date: May 09, 2017. [Full Article...]

Time Warner Inc. New (NYSE:TWX) Sees Significantly Lower Trading Volume

Time Warner Inc. New (NYSE:TWX) Sees Significantly Lower Trading Volume Finally, Archford Capital Strategies LLC raised its stake in Time Warner by 43.5% in the first quarter. It has outperformed by 19.67% the S&P500. The stock decreased 1.55% or $0.02 on July 31, reaching $1.02. (TWX)'s latest closing price was 6.68% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 2.76% and 1.96% compared with the 20 Day Moving ... [Full Article...]

Will RBI finally reduce interest rates?

Will RBI finally reduce interest rates? The US Federal Reserve, which is expected to shrink its balancesheet in the coming weeks to boost growth after discussions in the Euro zone, will make it hard for the RBI to introduce rate cuts. In doing so, the policy statement said the six-member Monetary Policy Committee (MPC) was guided by the risks to inflation. The government had been expecting policy rate cut as inflation has been low f... [Full Article...]

Maruti drives July's auto sales surge

Maruti drives July's auto sales surge Motilal Oswal had expected domestic sales growth at 11.4 percent and exports degrowth at 11.8 percent for the month. Similarly, the utility vehicles (including Ertiga, S-Cross, Vitara Brezza) segment grew by 48 per cent to 25,781 units as compared with 17,382 units in the corresponding month a year ago. [Full Article...]

Teen jumps from plane at San Francisco airport

Teen jumps from plane at San Francisco airport Authorities say a teenage boy traveling alone opened an emergency door after his plane landed, slid down the wing and jumped onto a tarmac at San Francisco before shocked passengers could do anything to stop him. The boy, who is a USA citizen, wasn't injured. The teen was a male US citizen, airport spokesman Doug Yakel told CBS in San Francisco. He was then hospitalized, and an SFO spokesperson ... [Full Article...]

ISM manufacturing index falls from three-year high

ISM manufacturing index falls from three-year high Stronger growth overseas, a weaker dollar and some stability for oil prices have helped bolster factory fortunes in recent months. American manufacturers turned in another solid month in July amid steady growth in production, orders and employment, according to figures from the Institute for Supply Management (ISM) released yesterday. [Full Article...]

GM Sales Feel Pinch of Go-to-Market Strategy

GM Sales Feel Pinch of Go-to-Market Strategy Institutional investors and hedge funds own 76.04% of the company's stock. Clearbridge Investments LLC increased its stake in shares of General Motors by 26,374.8% in the first quarter. And Ford has sold a record number of SUVs so far this year. The average analysts gave this company a mean recommendation of 2.80. Morgan Stanley decreased their target price on shares of Ford Motor from $12.00 to... [Full Article...]

The Pfizer, Inc. (NYSE:PFE) Shares Bought by Concorde Asset Management LLC

The Pfizer, Inc. (NYSE:PFE) Shares Bought by Concorde Asset Management LLC It is negative, as 60 investors sold PFE shares while 672 reduced holdings. MO continued to hold its position in shares of Pfizer, Inc . Finally, Acropolis Investment Management LLC boosted its position in Pfizer by 1.9% in the first quarter. [Full Article...]

Scripps Networks Interactive Inc

Scripps Networks Interactive Inc The value of the company's investment in Scripps Networks Interactive, I decreased from $700,000 to $604,000 a change of $96,000 quarter over quarter. On 5/8/2017 Margaret Scripps Klenzing, Major Shareholder, sold 46,466 with an average share price of $71.01 per share and the total transaction amounting to $3,299,550.66. [Full Article...]

Toddler fist-bumps passengers while boarding flight

Toddler fist-bumps passengers while boarding flight The boy's mother wrote in her Instagram post. According to CNN , the boy - offering unconditional fist bumps as he walked down the aisle, wasn't stingy with the greeting either. "We just dropped off his sister at school and he fist-bumped everyone in the administrative office". She told ABC News she's hopeful Guy's adorable antics brought joy to all who watched. [Full Article...]

Deadline for Mumbai University results revised now to August 5

Deadline for Mumbai University results revised now to August 5 Over 3 lakh answer scripts were yet to be corrected through the On-Screen Marking (OSM) system using the new online assessment process. As per the directions were given by Maharashtra Governor and Chancellor of University of Mumbai Ch Vidyasagar Rao, Mumbai University is most likely to release this year's results today. [Full Article...]

SoftBank Vision Fund Eyes India's FlipKart For $2 Billion Investment

SoftBank Vision Fund Eyes India's FlipKart For $2 Billion Investment It was also reported that SoftBank was looking at picking up equity in Flipkart. Effective immediately, Flipkart will own and operate eBay.in, which will remain an independent entity as a part of Flipkart. While B2C sellers will dominate the marketplace at first, the company says it will also encourage C2C sellers. However, this move would entail further downsizing of its operations and workfo... [Full Article...]

Covered California Premiums To Rise 12.5 Percent In 2018

Covered California Premiums To Rise 12.5 Percent In 2018 Covered California, the state's health care exchange, said Tuesday it is raising premiums an average of 12.5 percent for 2018. Officials say consumers who switch to the lowest-priced plans could lower than increase to about 3 percent. That is just 41 percent of its current enrollment, or about 108,000 consumers, leaving some 153,000 consumers without Anthem Obamacare options, state officials said. [Full Article...]

General Motors Reports Weaker-Than-Expected July Sales as Auto Industry Stumbles

General Motors Reports Weaker-Than-Expected July Sales as Auto Industry Stumbles Several other analysts also recently weighed in on the company. US Bancorp DE boosted its position in shares of Fiat Chrysler Automobiles N.V.by 5.7% in the first quarter. (NYSE:FCAU) last issued its earnings results on Thursday, July 27th. FCAU has a mean analyst rating of 2.30. The business had revenue of $27.93 billion during the quarter, compared to the consensus estimate of $29.24 billion. [Full Article...]

Air Force One Planes Being Purchased From Bankrupt Russian Airline

Air Force One Planes Being Purchased From Bankrupt Russian Airline The Air Force could pick up the two Transaero 747-8s for a good bit cheaper, however, considering they were previously purchased and now reside in the boneyard where Boeing is paying to store them. After completing all the necessary test flights, the jets were sent to a boneyard in the Mojave Desert, where decommissioned jets are stored, along with other jets awaiting a possible new customer. [Full Article...]

Enable Midstream Partners LP (ENBL) EPS Estimated At $0.17

Enable Midstream Partners LP (ENBL) EPS Estimated At $0.17 The company was downgraded on Friday, January 15 by Wells Fargo. Hess Midstream Partners (NASDAQ:HESM) last released its quarterly earnings data on Thursday, July 27th. Its up 0.03, from 0.95 in 2016Q3. It worsened, as 44 investors sold GLW shares while 345 reduced holdings. NY raised its position in Antero Midstream Partners by 40.3% in the second quarter. [Full Article...]


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