Finance

US Durable Orders Plummeted in July on Weak Aircraft Demand

US Durable Orders Plummeted in July on Weak Aircraft Demand New orders for manufactured durable goods in July fell by 6.8%, or $16.7bn, to $229.2bn, the third decrease in four months. Economists predicted a 6.9% decline, according to a MarketWatch Survey . We now see real equipment investment gaining 7.5% in Q3 and overall business investment up 0.6%, higher than our prior estimates of 3.3% and -1.2%. July numbers for shipments of core capital goods, us... [Full Article...]

Spalletti delighted with Inter Milan victory over Roma

Spalletti delighted with Inter Milan victory over Roma Inter thumped their title rivals 3-1. There was controversy however, as Roma felt it should have had a penalty early in the second half when Milan Skriniar appeared to trip Diego Perotti at the byline, but the video assistant referee was not called upon and only a corner was given. [Full Article...]

Full Service Returning to Morris & Essex NJ Transit Lines

Full Service Returning to Morris & Essex NJ Transit Lines The work was begun after a series of derailments and other accidents on tracks in and leading to Penn Station. Special bus and ferry service to and from Manhattan will operate for the last time on September 1, and discounted fares for Atlantic Terminal and Hunterspoint Avenue will also end September 1. [Full Article...]

Why Dollar Tree, Inc. Stock Popped Today

Why Dollar Tree, Inc. Stock Popped Today This is up from its revenue of $5.00 billion that was reported during the same time lat year. Of those analysts, 7 rate stock as a Strong Buy, 8 rate it as Hold, and just no analyst rates it as a Moderate Sell. The stock is performing 2.81% year to date. About 1,797 shares traded or Infinity% up from the average. It turned negative, as 60 investors sold DLTR shares while 219 reduced holdings. [Full Article...]

Brokerages Set HSS Hire Group PLC (HSS) PT at $70.60

Brokerages Set HSS Hire Group PLC (HSS) PT at $70.60 This rating was revealed to clients and investors in analysts report on 25 August. Sharecast quoted the analysts as explaining that the stock had sharply underperformed the FTSE 100 index in the past two months, and that with 26-percent upside to its price target, a likely upcoming catalyst in the form of a Typhoon contract award from Saudi Arabia, and an unprecedented valuation disconnect versu... [Full Article...]

Wall Street Cheers Tax Reform Talk With Yellen Mum on Monetary Policy

Globalisation has left pockets of people behind, fostering distrust and ultimately threatening the sustainability of openness, a vital component of growth, he told the Jackson Hole summit. However, she made no reference to US monetary policy in her remarks. President Donald Trump's nominee as vice chair of the Fed for regulatory issues, Randal Quarles, has been an advocate of such changes. [Full Article...]

Oil rises as dollar falls, US Gulf Coast braces for hurricane

Oil rises as dollar falls, US Gulf Coast braces for hurricane Traders said USA imports could also be affected due to interrupted shipping. The slump in crude oil prices comes a day after the Energy Information Agency (EIA) released a report showing that supplies of crude fell for an eighth straight week. [Full Article...]

Walgreens Boots Alliance, Inc. (WBA) Earns "Buy" Rating from UBS AG

Walgreens Boots Alliance, Inc. (WBA) Earns Finally, Orrstown Financial Services Inc. boosted its position in Walgreens Boots Alliance by 14.1% in the second quarter. Franklin Resources Inc. now owns 18,502,701 shares of the pharmacy operator's stock worth $1,448,939,000 after buying an additional 3,662,302 shares in the last quarter. [Full Article...]

FTSE 100 preview: Index looking up as investors await Jackson Hole speeches

FTSE 100 preview: Index looking up as investors await Jackson Hole speeches The US currency managed to trade higher against the yen for most of the European session and got a small lift after the release of US durable goods data, but that was short-lived. Energy shares, up 0.52 percent, also advanced on a climb in oil prices as Hurricane Harvey drew closer to the Texas Gulf Coast. Today's macroeconomic updates include the German GfK consumer confidence index due out... [Full Article...]

Last Confederate flag manufacturer in U.S. sees sales surge after Charlottesville

Last Confederate flag manufacturer in U.S. sees sales surge after Charlottesville Church in Charleston, S.C.in which nine people were killed by a white supremacist who'd been photographed holding a Confederate flag. "I think as long as that's in the news demand will continue". "I think there is a bigger racial divide in our country than what we've had in many years", said Kennedy. "I was very happy, very pleased that Auburn High School was creating these safe spaces and allowin... [Full Article...]

Bustling Stock in Focus: Hormel Foods Corporation (NYSE:HRL)

Bustling Stock in Focus: Hormel Foods Corporation (NYSE:HRL) HRL's SI was 31.21M shares in August as released by FINRA. Market capitalization is calculated by multiplying a company's shares outstanding by the current market price of each share. Therefore 43% are positive. Net profit margin of Hormel Foods Corporation (HRL ) was recorded at 9.4 percent, operating profit margin was 14 percent, while gross profit margin stands at 22.5 percent. [Full Article...]

Soft Bank invests additional $3 billion in shared-office startup WeWork

Soft Bank invests additional $3 billion in shared-office startup WeWork The investment will increase WeWork's ability to connect more people to their global community, which is now standing at roughly 150,000 members, as well as expanding their physical presence across the globe. An additional $1.4 billion is earmarked for three of WeWork's partners in China, Japan, and the broader southeast Asian region. WeWork leases out large blocks of space in commercial buildin... [Full Article...]

European Central Bank head Draghi says protectionism threatens global economic growth

European Central Bank head Draghi says protectionism threatens global economic growth The UK voted to leave the European Union a year ago, while the Trump administration has increased trade rhetoric against countries such as China, Canada and Mexico. A strong euro is a headwind for the export-driven euro zone economy. Speaking at a gathering of central bankers and economists in Jackson Hole, Wyoming, Mr Draghi said "openness to trade is under threat". [Full Article...]

Texas oil and gas companies add 20000 jobs over year

Meanwhile, crude prices were somewhat bolstered by bullish news this week, as official US data showed a further decline in crude inventories and the Organization of the Petroleum Exporting Countries indicated it could further extend its deal to cut output. [Full Article...]

Fed chief Yellen calls for 'modest' reform changes in potentially final speech

In what may have been her last speech as chief of the Federal Reserve , Janet Yellen said Friday that any rollbacks of financial reforms should be modest. Yellen's term is due to expire in February, and Trump has said he may reappoint her. Trump has not signaled whether or not Yellen will be reappointed, but the Jackson Hole speech may have made reappointment less likely. [Full Article...]

MAC to Launch Aaliyah Collection

MAC to Launch Aaliyah Collection Aaliyah fans, brace yourselves, because this news is going to make your day: MAC Cosmetics has just announced that they will be coming out with an Aaliyah collection! In a brief email statement, they didn't mince words, saying: "You made it happen!" "We are honored the family trusted MAC to bring Aaliyah and her fans' vision to life". [Full Article...]

RJD chief Lalu Prasad faces political isolation

RJD chief Lalu Prasad faces political isolation We have to also keep in mind whether top leaders of other opposition parties are attending or not. "Chandra Mishra would attend the rally on Mayawati's behalf", said Lalu here on Wednesday. So far Samajwadi Party chief and former Uttar Pradesh chief minister Akhilesh Yadav has confirmed his attendance. A rebellion in the JD-U erupted after Nitish Kumar recently broke ranks with the Grand... [Full Article...]

Metro Vancouver bridge tolls to be lifted September 1

Metro Vancouver bridge tolls to be lifted September 1 Premier John Horgan announced that his NDP government will eliminate bridge tolls effective September 1. The debt of the bridge, which cost $3.3 billion to build, is expected to be $4.2 billion this fiscal year. It costs $3.25 to $4.45 for cars to cross the Golden Ears Bridge, which has lost $35 million to $45 million annually in recent years. There are lots of good, high return-on-investments de... [Full Article...]

US Energy Dept study says more coal, nuclear needed to secure grid

US Energy Dept study says more coal, nuclear needed to secure grid Below is a statement by Steve Clemmer , director of energy research and analysis at UCS. “This is a much-needed, pragmatic look at USA electricity reliability and resilience, including the priority of maintaining critical clean baseload power as electricity markets change, ” said Rich Powell, director of ClearPath, which advocates for nuclear and hydropower. [Full Article...]

Analysts Rated Wal-Mart Stores Inc. (WMT) as Buy

Analysts Rated Wal-Mart Stores Inc. (WMT) as Buy Chojnowski David also sold $408,070 worth of Wal-Mart Stores Inc (NYSE:WMT) on Friday, May 19. It has underperformed by 2.87% the S&P500. Cheesewright now owns $13,695,795 of stock as reported to the SEC. The retailer reported $1.08 earnings per share for the quarter, beating analysts' consensus estimates of $1.07 by $0.01. 355,188 were accumulated by State Board Of Administration Of Florida Retir... [Full Article...]


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