Finance


United Kingdom jobless rate rises unexpectedly United Kingdom jobless rate rises unexpectedly
- February 25, 2018

Some 1.47 million people were out of work in the three months to December, an increase of 46,000. United Kingdom plc grew by 0.4 per cent in the fourth quarter, slightly lower than the initial official estimate of 0.5 per cent. "This factor continued to dampen consumer spending growth in the second half of 2017, but was offset by a stronger world economy, which boosted United Kingdom exports in areas like manufacturing and financial and business services". (more...)
Buffett warns investors that safe-looking bonds can be risky Buffett warns investors that safe-looking bonds can be risky
- February 25, 2018

The " Oracle of Omaha's " famed annual letter to Berkshire shareholders has become a favourite in the investor calendar but it has attracted heightened interest this year amid rumours that the 87-year-old would unveil plans to step down. All that cash earning little to nothing is a drag on the conglomerate's earnings power. And just how did TCJA, as Berkshire abbreviates it, do so much for the company? Will Buffett, who loathes using free cash to pay cash dividends, opt to give some of the ... (more...)
Standard Life Aberdeen sells £3.24bn insurance business to Phoenix Standard Life Aberdeen sells £3.24bn insurance business to Phoenix
- February 24, 2018

In addition, Standard Life Aberdeen has sold its insurance business Phoenix Group for £3.2bn, while it will also "significantly enhance and expand the existing long-term strategic partnership" meaning Standard Life Aberdeen would continue as Phoenix Group's long-term asset management partner for the acquired business. (more...)
Mobile officer killed in the line of duty Mobile officer killed in the line of duty
- February 22, 2018

The shooter, Robert Holly, was found dead in his home around 3am Wednesday. Battiste said police do not know if Hollie died from self-inflicted injuries or from the shots previously fired by police. He was interviewed by Fox10 in July 2016. The shooter then barricaded himself inside a home and began shooting at multiple officers responding to the situation. (more...)
Walmart pummeled on slower e-commerce growth Walmart pummeled on slower e-commerce growth
- February 22, 2018

We made good progress this past year to save busy families time and money, and we'll do more. Full-year net income totaled $9.9 billion, or $3.28 per diluted share, a 27.7% drop from the $13.6 billion, or $4.38 per diluted share, reported in FY 2017. (more...)
Amazon just made shopping at Whole Foods even cheaper for Prime members Amazon just made shopping at Whole Foods even cheaper for Prime members
- February 22, 2018

Non-Prime members with the Rewards Visa Card will get three per cent back on their Whole Foods Market purchases, on top of the three per cent they already receive on all Amazon.com purchases, the two per cent on restaurants, gas stations, and drugstores, and the one per cent back on other purchases. (more...)
South Korea May Not Ban Cryptocurrency Trading At All South Korea May Not Ban Cryptocurrency Trading At All
- February 21, 2018

Top cryptocurrency bitcoin recovered to $11,000 on Monday, having nearly doubled in value since hitting a low of $6,000 earlier this month. However, while the majority of investments have some volatility, the Bitcoin price and value has been all over the place when compared to more traditional financial investments such as stocks. (more...)
Japan man wins custody of 13 kids born to surrogates Japan man wins custody of 13 kids born to surrogates
- February 21, 2018

Bangkok's Central Juvenile Court on Tuesday upheld his claim after Thai officials checked that he had enough carers and facilities to give the children a good home. The man is the son of a Japanese tycoon and the president of a company listed on the stock exchange as well as an investor in several other businesses, the court noted. (more...)
Banks might take more than $3 billion struck from PNB scams Banks might take more than $3 billion struck from PNB scams
- February 18, 2018

The Sena said it would not allege that the diamond trader had plundered the country with the blessings of BJP leaders . The officials at the branch were asked by CBI sleuths about the process of sending Swift messages - notifications sent by banks to transfer funds internationally, and the functioning of internal software of the bank, they said. (more...)
Angela Merkel says she is 'curious' about the UK's Brexit negotiating position Angela Merkel says she is 'curious' about the UK's Brexit negotiating position
- February 17, 2018

German Chancellor, Angela Merkel has said she is looking forward to learning Britain's actual plans for Brexit as a new round of talks start next week. The PM wants to set a new precedent with the bloc "through a deep and special partnership" as " Europe's security is our security". Again she's asking for a unique arrangement. (more...)
PNB Fraud Case: Priyanka Chopra Mulling Termination Of Contract With Nirav Modi PNB Fraud Case: Priyanka Chopra Mulling Termination Of Contract With Nirav Modi
- February 17, 2018

Searches were carried out in places including in Delhi, Mumbai and Surat. On Thursday, central investigation agencies seized diamond and gold jewellery worth Rs 5,100 crore in nationwide searches and initiated the process for revoking Modi's passport , officials said. (more...)
BT Group To Show Premier League Matches For Further Three Years BT Group To Show Premier League Matches For Further Three Years
- February 16, 2018

BT Sport will continue to show games at 5.30 pm on Saturdays next season and then move to Saturday lunchtime fixtures from August 2019. There is even concern that if the current top six do not get their way, they will refuse to allow their television rights to be sold collectively when the United Kingdom deal next comes up for renewal in three years' time and will instead seek to go to market individually. (more...)
Revamps Its Position for Performance Measures: Time Warner Inc. (NYSE:TWX) Revamps Its Position for Performance Measures: Time Warner Inc. (NYSE:TWX)
- February 16, 2018

Ford Motor Company (NYSE:F) has declined 16.63% since February 2, 2017 and is downtrending. Columbia Asset Mngmt invested in 30,603 shares. Wedbush maintained Time Warner Inc . It also reduced its holding in Dell Technologies Inc by 288,554 shares in the quarter, leaving it with 1.86 million shares, and cut its stake in Nxp Semiconductors N V (Call). (more...)
Woman crawls into x-ray machine to protect her handbag Woman crawls into x-ray machine to protect her handbag
- February 15, 2018

A video showing the woman's silhouette as she passed through the X-ray machine at a railway station on Sunday has gone viral on the Chinese internet. When you're about to go on any trip, one of the biggest ball-aches is getting through security. (more...)
Three British people killed in helicopter crash at the Grand Canyon Three British people killed in helicopter crash at the Grand Canyon
- February 15, 2018

The four survivors, including the pilot were airlifted to Nevada Hospital at about 2am Sunday, and remain in serious to critical conditions. The Federal Aviation Administration and the NTSB will be investigating Saturday's crash . Photos from the scene showed the charred wreckage of the aircraft, obscured by orange flames and billowing black smoke. Federal Aviation Administration spokesman Allen Kenitzer said the Eurocopter EC130 aircraft sustained considerable damage. (more...)
Dec IIP at 7.1%; Jan CPI at 5.07% Dec IIP at 7.1%; Jan CPI at 5.07%
- February 14, 2018

Inflation has been scaring the markets, and investors have been bracing for a CPI report Wednesday that could send interest rates flying and stocks diving. FILE PHOTO: A woman shops at an H&M store in New York City, U.S. December 23, 2017. Joseph Song, U.S. economist at Bank of America Merrill Lynch, who had been correct in saying there could be an upside surprise in the January wage number, said, "We're looking for a gradual pickup in inflation this year". (more...)
Wall Street Snaps Back From Early Losses As Volatility Continues Wall Street Snaps Back From Early Losses As Volatility Continues
- February 11, 2018

That was its biggest loss since August 2011, when stocks were reeling as investors were fearful about European government debt and the US had its credit downgraded after the debt ceiling impasse. The Nasdaq composite gained 0.7 percent. THE Dow shot up 2% as a rollercoaster session approached its finale yesterday afternoon, rebounding from the huge losses of the prior session and a big drop at the open. (more...)
Margie's Money Saver: National Pizza Day deals Margie's Money Saver: National Pizza Day deals
- February 10, 2018

Dominos: You can choose two menu items for $5.99 each. Little Caesar's: An extra pepperoni and cheese pizza goes for $1 when upgrading to "EXTRAMOSTBESTTEST" at participating stores. The pizza is available in 4 varieties: Personal, Large, Personal Breakfast and Large Breakfast. Get two medium one-topping pizzas, Cheesy Bread and a two-liter soda for $20.99 . (more...)
Bank of England is likely to raise interest rates faster than expected Bank of England is likely to raise interest rates faster than expected
- February 10, 2018

That we are now moving - albeit very slowly - to what is a more "normalised" interest rate environment is undeniably welcome. "The Bank of England was always likely to hold raising rates again so soon, so today's decision shouldn't come as a shock". (more...)
British supermarket Tesco slammed with $7 billion equal pay lawsuit British supermarket Tesco slammed with $7 billion equal pay lawsuit
- February 09, 2018

This could lead to a disparity of more than £5,000 per year. The Guardian reported yesterday that law firm Leigh Day had launched legal action on behalf of almost 100 shop assistants who say that they earn as much as £3 an hour less than male warehouse workers in similar roles. (more...)
Uber accused of stealing trade secrets from Waymo in groundbreaking trial Uber accused of stealing trade secrets from Waymo in groundbreaking trial
- February 08, 2018

Waymo accuses one of its former engineers, Levandowski, of downloading thousands of proprietary files that he took to start his own company, which months later was acquired by Uber in mid-2016. That's how Kalanick described being CEO of Uber. Asked the meaning of a text message in which he told Levandowski to "burn the village", Kalanick said, "I don't know, I don't remember". (more...)
BP share price: Group's annual profits surge as oil price recovers BP share price: Group's annual profits surge as oil price recovers
- February 07, 2018

Besting its oil brethren is especially important for BP. BP's fortunes and reputation were left in tatters after the explosion at the Deepwater Horizon drilling rig killed 11 men off the coast of Louisiana, causing 134 million gallons of oil to spew into Gulf waters and triggering the worst environmental catastrophe in U.S. (more...)
Sensex slump over 1000 points, Nifty below 10400 Sensex slump over 1000 points, Nifty below 10400
- February 07, 2018

The BSE benchmark Sensex slumped 1,274.35 points to hit the day's low at 33,482.81 today. As many as 13 per cent felt the fall could be steeper at 10 per cent. He also added that capital market regulator SEBI is keeping a close watch on the stock market decline. The index declined 72.40 points, or 0.67%, at the day's high of 10,594.15 in mid-afternoon trade. (more...)
What a 'no customs union' means for the United Kingdom and Northern Ireland What a 'no customs union' means for the United Kingdom and Northern Ireland
- February 07, 2018

Mr Barnier also said the EU would consider a transition period for Britain after it leaves the bloc that would allow for continued temporary access to the single market and customs union to allow businesses to adapt. A bilateral customs agreement, such as the EU-Turkey "customs union", for example, though, does not cover agriculture or services, nor does it affect procurement. (more...)
Telugu Desam MPs to up the ante in Parliament Telugu Desam MPs to up the ante in Parliament
- February 07, 2018

Andhra Pradesh Chief Minister Chandrababu Naidu on Sunday made a decision to stay in the NDA fold but vowed to fight against the "injustice" done to the State in the Union Budget . "We will organise meetings across the state and our state leaders will be touring all over", said BJYM state president, S. Vishnuvardhan Reddy. "We have three options - one is to try and continue, two is our MPs resign and the third is to end the alliance", he said adding that a decision about it will be taken ... (more...)
Crude oil futures surge to Rs 4245 per barrel Crude oil futures surge to Rs 4245 per barrel
- February 05, 2018

For the long term, however, Goldman sees Brent heading back to $60 in 2020 due to what it calls the "New Oil Order", which consists of growing production from USA shale and OPEC's eventual exit from its output reduction deal. West Texas Intermediate, the US benchmark for the price of oil, was up 0.9 percent to $65.31 per barrel. BBL Commodities, one of the world's largest oil-focused hedge funds, expects Brent crude to reach $80 this year, up from around $70 in January. (more...)
Sharks McGuigan gets the Scottish start Sharks McGuigan gets the Scottish start
- February 04, 2018

It was a mightily impressive performance by Wales and one that should send belief soaring for the encounter with the champions in England. Up front Ross Moriarty has recovered from a back injury to take his place at No 8, alongside Josh Navidi and Aaron Shingler. (more...)
How major USA stock indexes fared on Wednesday How major USA stock indexes fared on Wednesday
- February 04, 2018

The dip came after the Federal Reserve released its latest statement on interest rate policy and the economy. The higher wage growth and potentially higher inflation "might then lead the Federal Reserve to raise their interest rates more rapidly than the market is comfortable with", he told NPR's John Ydstie. (more...)
Black unemployment rose sharply in January, as Trump bragged about record lows Black unemployment rose sharply in January, as Trump bragged about record lows
- February 03, 2018

In Trump's first year in office, he presided over a 1% decline in the black unemployment rate, which is really just the continuation of a 1% per-year decline that started under President Obama . Per the New York Times , "The modern roots of the racial wealth gap can be traced back to the post-World War II housing boom, when federal agencies blocked loans to black Americans, locking them out of the greatest wealth accumulation this country has ever experienced". (more...)
Fry day as stocks lose nerves Fry day as stocks lose nerves
- February 03, 2018

Interestingly, FPIs remained net buyers of domestic equities worth '950 crore after pumping in Rs 1000 crore on the Budget day. The broader NSE Nifty cracked below the 10,800-mark by tanking 256.30 points, or 2.33 per cent, to 10,760.60 at close and intra-day, it hit a low of 10,736.10. (more...)
McDonald's (NYSE:MCD) announces a quarterly dividend of $1.01 McDonald's (NYSE:MCD) announces a quarterly dividend of $1.01
- February 03, 2018

The average volume was noted at 5795.16K shares while its relative volume was seen at 0.87. Cincinnati Financial Corp who had been investing in Home Depot Inc for a number of months, seems to be bullish on the $234.60 billion market cap company. (more...)
Reviewing the Insider Trends for Microsoft Corporation (MSFT) Reviewing the Insider Trends for Microsoft Corporation (MSFT)
- February 02, 2018

Beta factor was calculated at 1.02. About 403,799 shares traded. Amicus Therapeutics, Inc. (NASDAQ:FOLD) has risen 12.45% since February 1, 2017 and is uptrending. The rating was downgraded by Deutsche Bank on Friday, October 14 to "Hold". Zacks upgraded Ameriprise Financial, Inc. The collective rating of 2.4 for GGP Inc. (more...)
Budget 2018: What to Expect From Arun Jaitley's Pandora's Box This Year Budget 2018: What to Expect From Arun Jaitley's Pandora's Box This Year
- February 01, 2018

Finance Minister Arun Jaitley is set to present the Union Budget for 2018-19 on Thursday, February 1 , and all eyes are on what benefits he brings to the table. "The government is likely to give special attention on alleviating the stress that has built up in the rural economy while also pushing infrastructural projects". (more...)
Amazon, Berkshire Hathaway, JPMorgan Team Up to Reduce Costs for Employees Amazon, Berkshire Hathaway, JPMorgan Team Up to Reduce Costs for Employees
- February 01, 2018

The details are scarce. While the specifics of the new company are still in the planning stages, the initial focus will be on technology solutions that provide "simplified, high-quality and transparent healthcare at a reasonable cost". "I mean, Berkshire Hathaway has a pretty big insurance arm", he says. Amazon , which mostly sold books when it was founded more than 20 years ago, has radically changed the ways in which people buy diapers, toys or paper towels. (more...)
BBC 'to introduce news presenter pay cap of £320000' BBC 'to introduce news presenter pay cap of £320000'
- January 31, 2018

The BBC acknowledged a lack of "clear pay frameworks" and a "lack of clarity and openness about the basis for pay decisions because of the absence of pay ranges for on-air roles". "Through the year, we will continue to make changes to our on-air line-ups at a faster rate", the said. The broadcaster said it had already addressed nearly half of the 230 cases raised over pay unfairness and equality by women and men, and that it intended on concluding the rest by the summer. (more...)
Quiksilver CEO Pierre Agnes Lost At Sea Quiksilver CEO Pierre Agnes Lost At Sea
- January 31, 2018

Quicksilver recently changed its name to Boardriders, regrouping its other brands including surf and snowboard women's brand Roxy and skateboard footwear brand DC Shoes. Quiksilver , which was founded in Australia, makes clothing for surfers and surfing aficionados. Quiksilver's parent company, Boardriders Inc., now controls an extensive portfolio of action sports brands including Quiksilver, Roxy, DC Shoes, Billabong, RVCA, Element, VonZipper, and Xcel. (more...)
Three Texas athletes named to US Olympic Team Three Texas athletes named to US Olympic Team
- January 30, 2018

A team of 169 athletes would have been the fourth largest delegation in Sochi, trailing only Canada, the United States and Russian Federation. The week-long hearing at the Court of Arbitration for Sport (CAS) includes appeals from 39 Russians who competed at Sochi in 2014 but are now banned after multiple independent reports linked them to doping. (more...)
This Copper Miner More Than Doubled Profits, Propelling The Stock This Copper Miner More Than Doubled Profits, Propelling The Stock
- January 29, 2018

Alpha Beta Stock (ABS) makes sure to keep the information up to date and correct, but we didn't suggest or recommend buying or selling of any financial instrument unless that information is subsequently confirmed on your own. FCX has been the topic of a number of analyst reports. Therefore 17% are positive. Freeport said it was also helping Indonesia evaluate the 40-percent interest in Grasberg held by joint venture partner Rio Tinto, which is discussing a deal with the government. (more...)
Perris torture case: Turpins were ready to move 'within days,' source says Perris torture case: Turpins were ready to move 'within days,' source says
- January 28, 2018

But before those discussions can happen, officials want to talk to him about another matter: whether he knew about the past abuse. Authorities have not released the names of the children. The small group of family members took up nearly half a row of seats and they were all wearing matching outfits - blue shirts and tan trousers, he said. (more...)
Dow futures leap 115 points on Caterpillar earnings Dow futures leap 115 points on Caterpillar earnings
- January 28, 2018

Intel's (O:) shares jumped more than 9 percent to their highest in nearly two decades, after strong results offered the clearest sign yet that its years-long effort to shift away from a slowing PC business was paying off. Yamana Gold Inc. rose almost 2.3 per cent to $4.51 and Alamos Gold Inc. gained 3 per cent to $7.86. As of Thursday, 77 percent of the S&P 500 companies that had reported surpassed earnings expectations, while 79 percent of those companies had beaten sales estimates, ... (more...)

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