Finance


What you need to know about Susan Rice and the unmasking controversy
- April 13, 2017

In an interview with MSNBC on Tuesday , Rice acknowledged that she sometimes asked for the names of Americans referenced in reports . Rice declined to comment through a spokeswoman: "I'm not going to dignify the President's ludicrous charge with a comment". (more...)
'Charging Bull' sculptor challenges city over 'Fearless Girl' statue 'Charging Bull' sculptor challenges city over 'Fearless Girl' statue
- April 13, 2017

But for a month it has been overshadowed, at least in part by the bronze " Fearless Girl " crafted by USA artist Kristen Visbal and installed in March, hands on hips and chin jutting out, directly challenging the bull . She said images of " Fearless Girl " did not go viral online because people wanted to promote an investment company, "but because she represents a refreshing, inclusive, 21st-century vision of core American values like courage and righteous defiance". (more...)
Activists take stake in Whole Foods
- April 12, 2017

While the stock has underperformed of late, and there could be more upside as a result, J.P. Morgan analyst Ken Goldman noted that Whole Foods is already trading at 26x next 12 month P/E and almost 9x EV to EBITDA. For years before the company's purchase of organic food producer Wild Oats, Mackey used the alias "Rahodeb", an anagram of his wife's name, to post comments on web forums praising Whole Foods and criticizing Wild Oats. (more...)
New Report Gives US Airlines Better Grades Across Board New Report Gives US Airlines Better Grades Across Board
- April 12, 2017

And consumer complaints across the industry declined to 1.52 per 100,000 passengers a year ago, down from 1.90 in 2015. Alaska Airlines has claimed the top spot in an annual ranking report of United States carriers for 2017. The report found that mishandled baggage fell from 3.24 incidents per 1,000 passengers in 2015 to 2.70 in 2016, while on-time performance rose from 79.9 percent to 81.4 percent. (more...)
Wells Fargo Board faults aggressive culture in sales scandal Wells Fargo Board faults aggressive culture in sales scandal
- April 11, 2017

As CFPB noted in its release, bank employees had opened hundreds of thousands of deposit and credit card accounts that had not been authorized by customers. Stumpf was grilled by the U.S. Senate Banking committee on September 28, drawing criticism from the committee for "failing to answer many questions". (more...)
Assad Regime: Trump Airstrikes Make US a 'Partner' of Islamic State
- April 11, 2017

These were not deployed in the U.S. strike, but if used, such air defenses would radically alter Syria's aerial battlespace, where USA planes have largely flown with little fear of getting shot down. In the space of just one week, the Trump administration has gone from floating tolerance to Assad staying in power to striking the airbase. "The strategic focus has been on ISIS, and it will likely remain to be the same, unless blowback from the airstrikes draw in the U.S. (more...)
Equal Pay Day celebrated Tues. across US Equal Pay Day celebrated Tues. across US
- April 11, 2017

A woman would have to work until she is 71 years old to make what a man makes by the time he is 60 years old. States are offering creative solutions to expand protections for women and close federal loopholes in the fight to end the gender wage gap, NBC News reported. (more...)
United States strikes on Syria dominate Trump-Xi talks
- April 11, 2017

Chinese officials had feared that the two leaders' 24-hour encounter at Trump's Mar-a-Lago estate in Florida might be marred by a campaign-style anti-China outburst from Mr Trump. After the meeting, Trump took Xi on a walk around the manicured grounds of his lavish Spanish-style complex. In addition to the litany of human rights offenses the communist regime in Pyongyang has been accused of, Yonhap notes that North Korea keeps close ties to Syria and "has always been suspected of cooperating ... (more...)
Labour's Tom Watson joins support backing USA missile strikes in Syria
- April 08, 2017

Syrian President Bashar Assad condemned the USA attack as "reckless and irresponsible". The Russian leader, a staunch ally of Syrian President Bashar al-Assad, regarded the U.S. The senior U.S. military officials, who spoke to Pentagon reporters on condition of anonymity, also said USA military operations against Islamic State in Syria were unchanged following the cruise missile strike. (more...)
Christie halts Amtrak payments, calls for inspection
- April 07, 2017

NJ Transit says it paid Amtrak $62 million past year for maintenance and repairs. "Our crews hope to restore regulat service to New York Penn Station by Friday". He accused Amtrak of not taking its "obligations seriously", writing, "it has not effectively applied NJ Transit's considerable payments to the proper maintenance of these assets". (more...)
United Kingdom companies must publish gender pay gaps
- April 07, 2017

Companies will also be encouraged to publish "action plans" showing how they will attempt to close any gaps. Applying to both the public and private sector, it would prohibit any discrimination not just on gender, but also on race, religion, disability, occupational disability, age and sexual orientation grounds. (more...)
Advanced Micro Devices, Inc Advanced Micro Devices, Inc
- April 07, 2017

Typically, they estimate what the company's earnings and cash flow will be for the next couple of years, and then apply a ratio - such as a price-to-earnings ratio - to those estimates to determine what the future stock price should theoretically be. (more...)
AUD dips despite the expected hold on rates from RBA
- April 05, 2017

Speaking on growth in household income, Governor Lowe said that it was still outpaced by growth in household borrowing used largely to purchase housing. After hitting a high of 76.15 United States cents following the release of better than expected February trade data on Tuesday morning, the currency fell to 75.78 U.S. (more...)
Ralph Lauren to Close Polo Store On Fifth Avenue and Cut Jobs Ralph Lauren to Close Polo Store On Fifth Avenue and Cut Jobs
- April 05, 2017

Ralph Lauren is cutting jobs and closing offices and shops, including its 711 Fifth Avenue Polo store, as the company strives to reduce costs. Merchandise from the Fifth Avenue Polo store will be moved into both the men's and women's Ralph Lauren flagship stores on Madison Avenue. (more...)
Nunes rejects calls to remove self from Russia-Trump investigation
- April 04, 2017

We have known that prior to his announcement to the press last week that members of President Donald Trump's transition team were caught up in "incidental surveillance" of foreign nationals, Nunes visited the White House grounds in order to view confidential information in a SCIF (Sensitive Confidential Information Facility). (more...)
Texas deputy constable fatally shot after arriving for work Texas deputy constable fatally shot after arriving for work
- April 04, 2017

The shooting happened around 7 a.m.in the 700 block of W. Baker Road east of Garth Street. No information was released on the suspect. "This is a reminder to pray for and support all law enforcement officials in our state, especially at this time of grief", he said in a statement Monday morning. (more...)
Tesla reports record deliveries of vehicles in 1st quarter
- April 04, 2017

Tesla notched up the best vehicle production delivery results, building 25,418 Model S sedans and Model X crossover vehicles in the quarter that ended 31 March. Tesla appears significantly overvalued considering its higher valuations, compared to the industry average. "It's good news for Tesla , clearly". (more...)
Energetic Backstreet Boys bring the nostalgia to ACM Awards Energetic Backstreet Boys bring the nostalgia to ACM Awards
- April 04, 2017

Yee-haw! The Brothers Osborne put on an epic performance of their hit song, "It Ain't Me" at the 2017 ACM Awards in Las Vegas at the T-Mobile Arena on April 2nd! The best reaction, however, came from Tim McGraw. Here's a look at this year's off-camera and pre-show category champions. They even had the chance to tour with huge names like Miranda Lambert and Jon Pardi as well. (more...)
Train derails while pulling into New York's Penn Station
- April 04, 2017

He said people were shaken up but not really hurt. The lights dimmed and the air was stifling; passengers got conflicting directions as they were herded back-and-forth inside the train, she said. Raritan Valley Line service is suspended between Newark and Penn Station. Coupstomers would have to seek alternate transportation into New York City from those stations. (more...)
[SPOILER] Dies In Upsetting Twist On 'The Walking Dead's Season 7 Finale
- April 04, 2017

Sasha keeps quiet for a while, staring at her plate of pancakes, eggs and fruit instead. While the Alexandrians and their allies put up a good fight, Negan and a good number of Saviors were able to escape unharmed. It didn't last for long. Negan, not always the most emotionally intelligent of humans, was probably impressed. The death in question was, unfortunately, Sasha's. (more...)
South Dakota farmers to seed less corn, wheat, more soybeans South Dakota farmers to seed less corn, wheat, more soybeans
- April 04, 2017

Chicago Board of Trade (CBOT) agriculture grains futures finished mixed with Soybean futures falling to a 5-month lows after federal crop forecasters said Spring plantings would reach an all-time high above traders' expectations. North Carolina will drop 5 percent to 950,000 acres for 2017. Indiana's winter wheat acres are projected to be 260,000 planted acres, 70,000 less than in 2016. (more...)
Trump advisers richer than previous White House officials
- April 02, 2017

Alone, Kushner is sitting on at least $240 million in assets, although he has resigned from more than 260 entities so he could take a job as Trump's senior adviser, according to the findings. Bannon also disclosed that he earned slightly less than $200,000 a year ago as executive director of Breitbart News Network LLC, before he resigned to join Trump's campaign last August. (more...)
South Africa's Embattled Zuma Fires Ministers Who Challenged Him
- April 01, 2017

African National Congress (ANC) secretary-general Gwede Mantashe said that the ruling party was not consulted over the Cabinet reshuffle. The rand recovered some ground on Friday as investors took profits after the currency fell sharply following President Jacob Zuma's late night decision to remove finance minister Pravin Gordhan . (more...)
Key findings of the AP-NORC poll on health care
- April 01, 2017

The poll was conducted by the Associated Press-NORC Center for Public Affairs Research amid the collapse of the GOP's health care overhaul. On a day when President Trump turned to Twitter to rip the New York Times and one of the most influential conservative caucuses in the House, a new poll found that a majority of Americans believe he is too fast to pick a fight. (more...)
Environmental groups vowing to fight Trump climate actions
- March 31, 2017

Crabtree said the reprieve Trump has provided helps buy time to build more technology that can help reduce carbon emissions and make coal cleaner before any future regulations fall into place. The RECLAIM Act of 2017 is meant to accelerate $1 billion from the Abandoned Mine Reclamation Fund to "revitalize coal communities hit hardest by the downturn of the coal industry". (more...)
FX Focus: Pound takes Article 50 in its stride and holds steady FX Focus: Pound takes Article 50 in its stride and holds steady
- March 31, 2017

Investors would need to see a more detailed timeline of the negotiations. Commodity currencies including the kiwi, Australian and Canadian dollars benefited from higher prices for raw materials with the Thompson Reuters/Core Commodity CRB index up 0.6 per cent and Brent crude oil prices gaining 1.9 per cent to US$52.32 a barrel as figures showed United States stocks were smaller than expected. (more...)
Oil Traders Warn Supply Crunch Looming as Project Spending Drops
- March 31, 2017

The West Texas Intermediate for May Delivery added 0.64 USA dollar to settle at 48.37 dollars a barrel on the New York Mercantile Exchange, while Brent crude for May delivery increased 0.58 dollars to close at 51.33 dollars a barrel on the London ICE Futures Exchange. (more...)
Lululemon shares tumble after disappointing sales forecast Lululemon shares tumble after disappointing sales forecast
- March 31, 2017

Wedbush set a $70.00 target price on shares of Lululemon Athletica inc. and gave the stock a buy rating in a research note on Tuesday, December 6th. Lululemon Athletica inc. If you are viewing this story on another publication, it was illegally stolen and reposted in violation of United States & global copyright & trademark laws. (more...)
Watch as Google walks you through the new wonders of Android O
- March 30, 2017

Google plans to release more developer preview updates over the next several months, Dave Burke, vice president of engineering, said in a blog post yesterday. "Background limits represent a significant change in Android, so we want every developer to get familiar with them."... This video is hosted by Google's Nasir Khan, and in it, he has told about the features of Android O . (more...)
Google Earth Enterprise Now Available on GitHub as Open Source Google Earth Enterprise Now Available on GitHub as Open Source
- March 30, 2017

As a result, we have released thousands of projects under open source licenses ranging from larger products like TensorFlow, Go, and Kubernetes to smaller projects such as Light My Piano , Neuroglancer and Periph.io. The complete catalog of Google's open source projects can be found here. Or, anyone who wants to know how big companies handle open source. For many of these projects we are also adding information about how they are used inside Google. (more...)
China free to deploy military hardware on reefs 'at any time' China free to deploy military hardware on reefs 'at any time'
- March 30, 2017

Now, China appears to have several military bases on their islands and shows no sign of pulling back from its expansion in the area. The strategic bases on three man-made islands will give the country the ability to deploy combat aircraft and other military assets with terrifying efficiency. (more...)
US home prices rose in January by most in 2 ½ years US home prices rose in January by most in 2 ½ years
- March 29, 2017

The index for Bay Area condo values slipped another 0.2 percent in January but remains 2.3 percent higher versus the same time last year, the smallest year-over-year gain since 2012, and 20.4 percent above its previous cycle peak in October 2005. (more...)
Led by U.S., western powers boycotting nuclear ban negotiations: Haley
- March 28, 2017

Some 123 United Nations members announced in October that they would launch the United Nations conference to negotiate a legally binding nuclear ban treaty, even as most of the world's declared and undeclared nuclear powers voted against the talks. (more...)
Oakland mayor asks for delay in Raiders-to-Vegas vote Oakland mayor asks for delay in Raiders-to-Vegas vote
- March 28, 2017

With the requisite number of votes at today's owners meetings (the vote was 31-1 in favor with only the Miami Dolphins as the lone holdout for it being unanimous), the nomadic team that came to Oakland, moved to Los Angeles, and moved back to Oakland, will begin the process of calling Sin City , home. (more...)
Russian opposition leader jailed over anti-graft protests
- March 28, 2017

It was the biggest show of defiance since anti-government protests in 2011. Journalists and well-wishers on Monday packed the courtroom in central Moscow where Navalny was taken. Mr Peskov defended the Russian police in riot gear who were seen manhandling protesters, some of whom were minors, calling their response "highly professional and lawful". (more...)
Syria Kurd-Arab alliance enters IS-held Tabqa airport Syria Kurd-Arab alliance enters IS-held Tabqa airport
- March 28, 2017

RBSS said ISIS later announced via loudspeaker that the dam was fine and requested residents remain in the city. The city, which is is the extremist group's operational command headquarters, is now largely surrounded - its main supply routes cut off by advancing forces. (more...)
Oil Prices Fall as Crude Stocks Hit New Record
- March 27, 2017

Oil prices dipped on Thursday, stuck near four-month lows because of investor concerns that OPEC-led supply cuts were not yet reducing record US crude inventories. United States commercial crude oil inventories fell ~0.2 MMbbls (million barrels) in the week ending March 10, 2017. The report also showed China imported just 7,245 tonnes of gasoline in February, tumbling 94 percent from the same period a year ago. (more...)
No Leggings Allowed on United Flights? No Leggings Allowed on United Flights?
- March 27, 2017

According to Shannon Watts-the founder of Moms Demand Action , a grassroots organization that promotes finding solutions to America's culture of gun violence-a United gate agent didn't allow three girls to board due to their attire. But Guerin's statement also completely ignores the fact that United's PR team fired off all those tweets before they even knew the full situation. (more...)
Lucas County losing population as Wood, Hancock, Fulton grow Lucas County losing population as Wood, Hancock, Fulton grow
- March 25, 2017

Census Bureau . The census estimates there were 183,149 county residents in 2016. Washtenaw County was the next highest, adding 3,862, also a 1% gain. The statewide loss is reflected to differing degrees at the county level. In the middle of the state, the population in the Columbia metro area grew to 176,945, an increase of 13,000 since the 2010 census. (more...)
IPhone 6s was the best selling smartphone in 2016 IHS Markit says IPhone 6s was the best selling smartphone in 2016 IHS Markit says
- March 24, 2017

We're No. 1! We're No. 1!.and 2, 3, and 4. . On the 21st, we also had Apple unveil its new product update with a new iPad, a new red iPhone 7 and 7 Plus, a new program called "Clips" to enable easier sending of videos (and compete head-on with Snap), new watchbands for the Apple Watch and a new iPhone SE model. (more...)