Economy


MPs up pressure, minister casts doubts on UK's Brexit customs plan MPs up pressure, minister casts doubts on UK's Brexit customs plan
- April 27, 2018

Pro-European MPs say there is growing support for a change of tack, and many took part in a House of Commons debate Thursday backing a customs union. Speculation that Theresa May could accept a customs union has mounted since her Lords defeat last week, prompting reports that senior Brexiteers including Boris Johnson would reject any dilution of her "red line" on withdrawal. (more...)
Crude oil price holds above $68 with Trump-Iran standoff in focus Crude oil price holds above $68 with Trump-Iran standoff in focus
- April 27, 2018

June ICE Brent futures were 58 cents higher than Wednesday's settle at $74.58/b while the NYMEX June light sweet crude contract climbed 41 cents to $68.46/b. These were supported by a further decline in Venezuela's crude oil production. The supply side-driven increase in crude oil prices is likely to spur a major differentiation in emerging markets' performance, hurting large net oil importers with weak economic fundamentals, possibly by more than it benefits large net oil exporters, the ... (more...)
US Treasury yields extend gains after 10-year breaks 3% mark US Treasury yields extend gains after 10-year breaks 3% mark
- April 26, 2018

The two-year Treasury yield, in the meantime, rose to as much as 2.50 percent for the first time since September 2008 amid bets the Federal Reserve would raise short-term rates further due to an improving USA economy. Benchmark measures of emerging market stocks and bonds from MSCI.MSCIEF and JPMorgan.JPMEPR, respectively, both closed at two-month lows. US fundamentals remain very robust. (more...)
Browns Mock Draft: Cleveland Takes Baker Mayfield First Browns Mock Draft: Cleveland Takes Baker Mayfield First
- April 26, 2018

This year, quarterbacks are all on the rise with four quarterbacks set to be taken within the first several selections and another one or even two could be selected in the first round. Nelson would likely be an immediate replacement for Justin Pugh and would suit Gettleman's focus on building from the trenches. In exchange for the Patriots' 31st-overall pick, they get No. (more...)
Despite Cambridge Analytica Scandal, Google Reports Record 2018 First Quarter Earnings Despite Cambridge Analytica Scandal, Google Reports Record 2018 First Quarter Earnings
- April 24, 2018

Flagship Harbor Advisors LLC now owns 1,696 shares of the information services provider's stock valued at $1,599,000 after acquiring an additional 56 shares during the period. Stock repurchase plans are usually a sign that the company's leadership believes its stock is undervalued. The original version of this story can be read at https://macondaily.com/2018/04/23/alphabet-inc-goog-holdings-lifted-by-garner-asset-management-corp-updated-updated-updated.html. (more...)
Treasury Ease Sanctions On Russian-Linked Aluminum Giant Treasury Ease Sanctions On Russian-Linked Aluminum Giant
- April 24, 2018

RUSAL, the world's second-largest aluminum producer, in response to Russia's actions in Ukraine and Syria and interference in the 2016 presidential election. The precious metal fell nearly 5 percent, losing the impressive gains it made last week. However, the Russian oligarch is trying to save Rusal without surrendering control. (more...)
Celgene Corporation (CELG) Analysts See $1.77 EPS as of May, 4
- April 23, 2018

Ticker's shares touched $88.95 during the last trading session after 0.75% change.Celgene Corporation has volume of 5.04 million shares. The shares were purchased at an average cost of $91.90 per share, with a total value of $299,594.00. Bankshares Of New York Mellon invested 0.01% of its portfolio in Bunge Limited (NYSE:BG). Glenmede Trust Na stated it has 0.34% in Celgene Corporation (NASDAQ:CELG). (more...)
Were Analysts Bearish boohoo.com plc (LON:BOO) This Week?
- April 22, 2018

They set a neutral rating and a GBX 749 ($10.72) price objective on the stock. On Monday, December 18 Barclays Capital maintained Renishaw plc (LON:RSW) with "Underweight" rating. DRX is hitting GBX 301.8 during the last trading session, after increased 1.21%.Drax Group plc has volume of 1.06M shares. About 490,265 shares traded. (more...)
Memorial service set for woman killed in Southwest flight Memorial service set for woman killed in Southwest flight
- April 22, 2018

Southwest's existing engine maintenance programme "meets or exceeds" all requirements in the new directive, the airline said on Friday. Investigators found that the blade had suffered metal fatigue at the point of the break. transport officials. The National Transportation Safety Board believes one of the engine fan blades snapped on the Southwest jet Tuesday, hurling debris that broke a window and led to the death of a passenger who was sucked partway out of the 737. (more...)
US Suggests Russia, Syria May Tamper with Douma Evidence, Moscow Denies It US Suggests Russia, Syria May Tamper with Douma Evidence, Moscow Denies It
- April 21, 2018

He said: "The Government's failure to seek - let alone obtain - parliamentary approval for these air strikes sets a precedent for potential and more unsafe future action not just in Syria, but other countries". And the Russian ambassador to the Netherlands, Mr Alexander Shulgin, said it was a "blatant lie" that Moscow was hampering the investigation. British Prime Minister Theresa May says Syria and Russian Federation - whose forces now control the town east of Damascus - are trying to ... (more...)
Mueller Says That Until Yesterday He Had Almost Forgotten to Investigate Giuliani Mueller Says That Until Yesterday He Had Almost Forgotten to Investigate Giuliani
- April 21, 2018

Giuliani will work with Trump's current attorneys, Jay Sekulow and Ty Cobb , the Washington Post reports . Giuliani, who was the US attorney for the Southern District of NY in the 1980s before becoming mayor, enters the Trump team with some of his own distinct ties to the Russian Federation case. (more...)
Shire rejects £42bn bid from Takeda, asks for more Shire rejects £42bn bid from Takeda, asks for more
- April 20, 2018

Takeda said it would continue talking to Shire about a possible bid. The firm has said it could become acquisitive and is looking at strategic options. "Shareholders seem to be voting this morning", Kedra said. Takeda said it would remain disciplined in its approach and meant to maintain its dividend policy and investment grade credit rating, adding that: "Discussions between the parties regarding a potential offer are ongoing". (more...)
Are Analysts Bearish Hammerson plc (LON:HMSO) After Last Week? Are Analysts Bearish Hammerson plc (LON:HMSO) After Last Week?
- April 20, 2018

Ei Group plc operates leased and tenanted pubs in the United Kingdom. Investors sentiment increased to 1.75 in 2017 Q4. Its down 0.02, from 0.92 in 2017Q3. About 167,790 shares traded. Phoenix Group Holdings (LON:PHNX) has 0.00% since April 19, 2017 and is. Be Heard Group PLC (LON:BHRD) had its price objective hoisted by equities research analysts at Numis Securities Ltd from GBX 4.46 ($0.06) to GBX 4.91 ($0.06) in a research note issued to investors on Monday. (more...)
IBM first-quarter margins miss estimates IBM first-quarter margins miss estimates
- April 19, 2018

Willingdon Wealth Management bought 2,895 shares as the company's stock declined 0.39% with the market. "This is the same team that has proven that they've revitalised the portfolio in the past, took market share for four consecutive quarters and now we had an impact in the first quarter predominantly just due to execution of transactions at the end of the quarter". (more...)
Cadillac leader Johan de Nysschen replaced due to lagging SUV sales Cadillac leader Johan de Nysschen replaced due to lagging SUV sales
- April 19, 2018

The change at the top "will further accelerate our efforts in that regard", the statement quoted Mr. Amman as saying. De Nysschen, who led product planning for Cadillac and provided input to design and engineering, arguably delivered globally. (more...)
Supreme Court debates whether to allow states to tax all online sales Supreme Court debates whether to allow states to tax all online sales
- April 18, 2018

The Supreme Court is expected to issue their decision on the internet sales tax case in June. We wrote about the case previously here . Amazon.com has since 2017 collected sales tax in every state that imposes one, but third-party sellers who sell goods on the site don't have to. (more...)
Plane makes emergency landing after engine failure Plane makes emergency landing after engine failure
- April 18, 2018

US National Transport Safety Board Chairman Robert Sumwalt told a news briefing that one person had been killed, but declined to elaborate. Seven other people were reportedly treated for minor injuries . Southwest CEO Gary Kelly said in Dallas that there were no problems with the plane or its engine when it was inspected Sunday. The plane was flying from LaGuardia Airport in NY to Dallas. (more...)
Netflix beats earnings forecasts riding on global user additions Netflix beats earnings forecasts riding on global user additions
- April 17, 2018

Netflix has relied on global growth and heavy investments in original content to drive subscriptions - and Monday's results provided an update on their effectiveness. Total streaming revenues are forecast at Dollars 3.84 billion, with U.S. streaming revenues seen at USD 1.89 billion and worldwide streaming revenues at USD 1.94 billion. (more...)
Syria strike will trigger war: Russian Federation Syria strike will trigger war: Russian Federation
- April 16, 2018

Incendiary tweets by President Trump warned "Get ready Russian Federation, because they will be coming, nice and new and 'smart!'" President Donald Trump on Thursday put off a final decision on possible military strikes against Syria after tweeting earlier that they could happen "very soon or not so soon at all". (more...)
Trump Vows To Back Law To Protect Marijuana Industry Trump Vows To Back Law To Protect Marijuana Industry
- April 15, 2018

Gardner said because of those commitments, he informed the Administration that he would be lifting remaining holds on DOJ nominees. Gardner, whose home state legalized recreational marijuana in 2014, reacted by promising to block all Justice Department nominations. (more...)
Tesla clashes with NTSB over fatal Model X crash investigation Tesla clashes with NTSB over fatal Model X crash investigation
- April 15, 2018

According to Bloomberg , the NTSB has revoked Tesla's "party status", essentially removing it from the investigation. "Releases of incomplete information often lead to speculation and incorrect assumptions about the probable cause of a crash", the agency said in its statement. (more...)
JP Morgan's first-quarter profit easily tops expectations JP Morgan's first-quarter profit easily tops expectations
- April 14, 2018

ETRADE Capital Management LLC boosted its stake in shares of JPMorgan Chase by 4.2% in the 3rd quarter. Shares initially spiked more than 1 percent in premarket trading following the release, before paring gains. Temasek Holdings Private Ltd sold 88,112 shares as the company's stock rose 0.67% while stock markets declined. The bank reported earnings of $2.37 a share vs.an estimated $2.28 a share from a consensus of analysts polled by Thomson Reuters. (more...)
Volkswagen poised to axe boss Matthias Mueller Volkswagen poised to axe boss Matthias Mueller
- April 13, 2018

The scandal has cost the company over $30 billion. Amid opposition from labour leaders, Mueller failed to sell motorbike maker Ducati past year. The frontrunner for the CEO job, Mr Diess, joined VW from BMW in 2015. The company also said that Muller "showed his general willingness to contribute to the changes". Matthias Müller is likely to be replaced as chief executive of Volkswagen as the carmaker struggles to move on from the diesel emissions scandal that claimed the scalp of his ... (more...)
Here's Why Uber Wants to Buy an Electric-Bike Startup Here's Why Uber Wants to Buy an Electric-Bike Startup
- April 12, 2018

The service will appropriately be called Uber Bike . JUMP was one of a dozen vendors to present a plan to the city. You can sign up, reserve, and unlock a auto from the Getaround platform all through the Uber app. A 49-year-old woman was killed after being hit by an Uber self-driving sports utility vehicle while walking across a street in Phoenix, leading the company to suspend testing of autonomous vehicles. (more...)
China factory inflation slows in sign of ebbing growth China factory inflation slows in sign of ebbing growth
- April 12, 2018

Last month's CPI decline was entirely due to a 5% drop in gasoline prices. In the 12 month through March, the CPI increased 2.4 percent. Mexico's central bank has a target of 3% inflation. Market reaction:The Dow Jones Industrial Average and S&P 500 index were both set to open sharply lower amid worries about a USA military strike in Syria and heightened tensions with Russian Federation. (more...)
Michael Cohen: FBI was 'professional, courteous' in raid of his office Michael Cohen: FBI was 'professional, courteous' in raid of his office
- April 11, 2018

Trump also wouldn't rule out firing special counsel Robert Mueller, who made a referral to federal prosecutors in NY after uncovering information that was evidently concerning enough for the FBI to raid Cohen. Federal prosecutors appear to disbelieve Donald Trump's denial that he knew anything about his personal attorney's payoff to Stormy Daniels . In a search like this, prosecutors typically set up a privilege team or "taint team" of investigators not involved in the case to review ... (more...)
Sensex vaults 577 points Sensex vaults 577 points
- April 08, 2018

The BSE Sensex closed down 351.56 points or 1.05 percent to 33,019.07. Unveiling its first bi-monthly policy review for 2018-19, the Reserve Bank of India's Monetary Policy Committee has kept the repo rate unchanged at 6%, as widely expected. (more...)
How the UK's new sugar tax will affect you How the UK's new sugar tax will affect you
- April 08, 2018

So with the debate very much a live issuein Ireland here are the answers to some key questions about the levy and what it means for manufacturers and consumers. In Ireland it has been estimated that the tax could bring in €30m in 2018 and €40m over the course of a full year. In an effort to combat rising levels of obesity among the poorest sections of society, the United Kingdom has followed Norway, France and Mexico to become the latest country to impose a sugar tax on soft drinks , ... (more...)
Job growth slows to a six-month low in March Job growth slows to a six-month low in March
- April 07, 2018

The Bureau of Labor Statistics also revised estimates for prior months, resulting in a net loss of jobs. Economists had expected the USA job market to slow down from February's fast pace, with a consensus predicting from 180,000 to 190,000 new jobs. (more...)
Sweden's Spotify welcomed to stock exchange with Swiss flag Sweden's Spotify welcomed to stock exchange with Swiss flag
- April 05, 2018

The company's launch comes at a hard time for the U.S. tech sector, as a series of political scandals surrounding companies including Facebook and Amazon has seen share prices tumble in recent weeks. The direct listing allows Spotify to avoid some of the frustrations that companies have when listing publicly. Analysts are anxious that will be more hard for Spotify to do because it is primarily negotiating for the same music streaming rights as Apple, Google and Amazon - companies ... (more...)
Fox could separate Sky News to satisfy United Kingdom regulator on takeover Fox could separate Sky News to satisfy United Kingdom regulator on takeover
- April 04, 2018

Fox said in a regulatory filing it has worked "diligently" with Britain's Competition and Markets Authority to come up with proposals that would "safeguard the editorial independence of Sky News " and address the agency's concerns. Under this scenario, funding for Sky News would be guaranteed for up to 15 years - five years longer than Fox had earlier pledged. In the absence of an outright sale of Sky News to Disney, Fox offers a full legal separation of Sky News from the rest of Sky. (more...)
Panera leaked customer info for months despite warning Panera leaked customer info for months despite warning
- April 04, 2018

Data including "names, email and physical addresses, birthdays and the last four digits of the customer's credit card number" were leaked online according to cybersecurity expert Brian Krebs , who helped publicize the news. However, Houlihan said that months passed and no fix. Internet security writer Brian Krebs says the unprotected files were first reported to Panera on August 2. (more...)
East Coast Drivers Most Distracted Behind the Wheel East Coast Drivers Most Distracted Behind the Wheel
- April 04, 2018

But likely the most common and unsafe form of distracted driving is texting, authorities said. April of 2018 has been designated as Distracted Driving Awareness Month by the National Safety Council, with a goal of eliminating preventable deaths on the road. (more...)
Amazon shares slump after Trump Tweet Amazon shares slump after Trump Tweet
- April 03, 2018

Citigroup reissued a buy rating on shares of Amazon .com in a research report on Sunday, November 19th. Amazon was down 5.21 percent to $1,371.99 a share, as the Seattle-based tech giant lost more than $36 billion in market value. The disclosure for this sale can be found here. Insiders sold a total of 6,214 shares of company stock valued at $9,251,120 over the last ninety days. (more...)
Wall Street ends week higher but posts monthly loss Wall Street ends week higher but posts monthly loss
- April 02, 2018

Tech stocks reversed course on Thursday and the S&P 500 information technology index .SPLRCT closed up 2.2 percent after reaching a session high of 3.2 percent, helping push the S&P 500 up 1.4 percent, with the Dow and Nasdaq also rallying. (more...)
Look Out for a $100 Check in Your Mailbox! Look Out for a $100 Check in Your Mailbox!
- March 31, 2018

The company mails 37 million envelopes each month. "There are thousands of offers monthly". She said lucky customers who find a $100 check in their envelope can just take it to any bank, sign the back and get it cashed. ValPak announced in December that it would mail out the checks randomly every month in 2018 in all of its 150 U.S. markets. In a press release published on its website, Valpak said that recipients of the checks need not pay or purchase anything as the checks are meant to ... (more...)
America's tough talk pays off in South Korean trade pact America's tough talk pays off in South Korean trade pact
- March 30, 2018

The agreement will include a side letter , which needs more transparency from South Korea regarding its foreign exchange interventions along with commitment to keep from won devaluations for competitive intentions. The United States is the largest supplier of beef to Korea and trails only the European Union as the second-largest pork supplier. Details of the deal were communicated to reporters in a Tuesday evening phone briefing. (more...)
Trump is Reportedly Trump is Reportedly "Obsessed" With Going After Amazon
- March 29, 2018

On Tuesday , September 27 the stock rating was maintained by JP Morgan with "Overweight". Guggenheim initiated the stock with "Neutral" rating in Thursday, January 5 report. Inc.'s delivery deal with Casino Guichard Perrachon SA advances the online retailer's interests in Europe, but may also provide a foothold in South America. (more...)
Facebook to introduce new privacy controls in wake of data scandal Facebook to introduce new privacy controls in wake of data scandal
- March 29, 2018

CEO Mark Zuckerberg , who publically apologized for his failures to protect user privacy , will reportedly testify before Congress next month to explain how the privacy breach occurred and what steps are being made to ensure it doesn't happen again. (more...)
SoftBank, Saudi Arabia announce massive solar power project SoftBank, Saudi Arabia announce massive solar power project
- March 29, 2018

The feasibility studies on this project will be completed by May 2018. The project is in co-operation with the kingdom's young and powerful Crown Prince Mohammed bin Salman, a partner in the SoftBank Vision Fund, set up in 2016. Electricity demand in the country has risen by as much as 9 per cent a year since 2000, according to BNEF. SoftBank founder Masayoshi Son has a penchant for backing ambitious projects and the latest project to win his stamp of approval is what's billed as the ... (more...)