Markets


#BoycottNRA: Firms cut ties with gun lobby after Florida shooting #BoycottNRA: Firms cut ties with gun lobby after Florida shooting
- February 25, 2018

As well as this, First National Bank of Omaha which is the largest privately held bank in the United States, said it would not renew its contract with the NRA. Enterprise Holdings also operates the Alamo and National brands. The NRA did not respond to an NPR request for comment. "#NRABloodOnYourHands." The bank said "customer feedback" spurred it to review its relationship with the NRA. (more...)
BB&T reports progress in restoring services, says it had equipment malfunction BB&T reports progress in restoring services, says it had equipment malfunction
- February 25, 2018

This includes online banking, our mobile banking app, and our automated Phone24 service. "As our systems continue to recover, we want our clients to be aware account information may only reflect transactions made through Thursday night", the bank said in a statement Saturday. (more...)
Venezuela launches national cryptocurrency, releases 100 million digital tokens Venezuela launches national cryptocurrency, releases 100 million digital tokens
- February 22, 2018

But speculation abounds regarding both the validity of the Petro as a digital currency, and its ability to help the Venezuelan economy, and people. As reported by Reuters , the President also mocked the U.S by referring it to the comic character of Superman and said: " Today, a cryptocurrency is being born that can take on Superman ". (more...)
UK wages are rising even as unemployment ticks higher UK wages are rising even as unemployment ticks higher
- February 22, 2018

They may also fuel speculation that the Bank of England could raise interest rates again as early as May after policy makers said the Brexit vote had lowered the pace the economy can grow without fanning inflation. "Meanwhile, inflation remains stubbornly high, with last week's CPI figure showing inflation stuck at 3 %". Pay for workers in Britain picked up in the fourth quarter and productivity gained as fewer jobs were filled by foreign nationals in the a year ago. (more...)
Amazon is common rival of Albertsons and Walmart Amazon is common rival of Albertsons and Walmart
- February 22, 2018

The stock presently has a consensus rating of "Hold" and a consensus price target of $2.75. The companies settled on the smaller deal instead. Goldman Sachs downgraded Rite Aid Corporation (NYSE: RAD ) on Thursday, October 29 to "Neutral" rating. (more...)
Amazon is rewarding Prime members for shopping at Whole Foods stores Amazon is rewarding Prime members for shopping at Whole Foods stores
- February 21, 2018

The announcement offers an opportunity to remind everyone about Prime, the fact Amazon offers a Visa card, Whole Foods, and the very generous "5 percent back" offer. The retailer paid $13.7 billion last summer for Whole Foods. The e-commerce giant announced last week that it will offer free two-hour delivery of Whole Foods groceries in four US cities. (more...)
Oil markets diverge, with United States crude rising while Brent takes a knock Oil markets diverge, with United States crude rising while Brent takes a knock
- February 21, 2018

The Organization of the Petroleum Exporting Countries and 10 producers outside the cartel, including Russian Federation, have been holding back crude output by 1.8 million barrels a day since the start of previous year . WTI crude futures CLc1 were at $59.06 a barrel, down 13 cents from their last settlement. In China, January crude oil imports jumped to a new record of 9.57 million bpd, but forecasts of slower GDP growth are making analysts wary of overly optimistic projections. (more...)
Sony chases SoftBank and Toyota in taxi-hailing fray Sony chases SoftBank and Toyota in taxi-hailing fray
- February 20, 2018

Now in Japan, non-professional drivers are banned from offering taxi services due to safety concerns. Also on Tuesday, Daiichi Kotsu Sangyo, a taxi company based in southern Fukuoka prefecture, announced they are in talks to join hands with U.S. (more...)
Trump given options for steep United States import curbs on steel, aluminum Trump given options for steep United States import curbs on steel, aluminum
- February 17, 2018

More than two dozen USA steel and steel-related companies and associations wrote Trump a letter on February 2 urging "strong action" to support domestic steel. Any exclusions granted could result in changed tariffs or quotas for the remaining products to maintain the overall effect. What he decides to do holds major consequences for Canada - the biggest supplier of both steel and aluminum south of the border. (more...)
Futures sink as strong inflation data raises rate hike fears Futures sink as strong inflation data raises rate hike fears
- February 14, 2018

As the intraday chart above makes clear, that was the market's first response to the CPI number: the 10-year TIPS yield jumped from 0.76 to 0.80 in the first 10 minutes after the number appeared. The two main USA stock indexes endured wild swings last week on concerns that inflation would spur higher interest rates more quickly, boosting borrowing costs for companies. (more...)
U.S. airstrike kills 100 Syrian troops after 'unprovoked' assault on base U.S. airstrike kills 100 Syrian troops after 'unprovoked' assault on base
- February 12, 2018

The combination of air and artillery strikes came after pro-regime troops attacked the compound of the Syrian Democratic Forces . Washington has deployed 2,000 soldiers in Syria , mainly special forces, who support the Syrian Democratic Forces (SDF), an Arab-Kurdish coalition fighting the IS. (more...)
Pentagon Says Why It Needs 2 New Types Of Nuclear Weapons Pentagon Says Why It Needs 2 New Types Of Nuclear Weapons
- February 04, 2018

Commenting on the new strategy, Trump said that it "develops capabilities aimed at making use of nuclear weapons less likely". Moscow has condemned USA military proposals to develop new, smaller atomic bombs mainly to deter any Russian use of nuclear weapons. (more...)
Russian pilot killed after jet is downed by Syrian rebels Russian pilot killed after jet is downed by Syrian rebels
- February 04, 2018

A Syrian militant in the area told The Associated Press that the pilot was shot and killed when he resisted capture by opening fire from his pistol on the militants who tried to seize him alive. On November 19, the Daesh (ISIL) terrorist group was flushed out of its last stronghold in Syria's Al-Bukamal. With the help of Russian forces, the Syrian government has managed to take back much of the country held by rebels. (more...)
Amazon announces Q4 sales up 38% to $60.5 billion Amazon announces Q4 sales up 38% to $60.5 billion
- February 03, 2018

Analysts on average were expecting just US$1.85 per share, Thomson Reuters I/B/E/S said . Operating income went up to $1.35 billion, also exceeding expectations of $1.27bn. Amazon said other companies and developers are ramping up adoption of Alexa. There are more than 30,000 skills for Alexa; 4,000 plus smart-home devices from 1,200 unique brands; Alexa use on Fire TV rose nine times year-over-year, and music listening time on Alexa was three times higher this holiday season compared ... (more...)
Xerox to combine with Fujifilm in joint venture Xerox to combine with Fujifilm in joint venture
- February 01, 2018

The consolidated organization will keep the Fuji Xerox name and turn into an auxiliary of Fujifilm, with double base camp in the United States and Japan, and recorded in NY. -based Xerox. Icahn supporter Jonathan Christodoro resigned from the Xerox board of directors, citing disagreement with other board members over Xerox's strategic direction. (more...)
Quiksilver surfwear boss missing at sea off French coast Quiksilver surfwear boss missing at sea off French coast
- January 31, 2018

The sea search continued after dark but the land search was suspended until Wednesday morning. Rescue services were unable to say if the Frenchman had been alone. Quiksilver is a well-known surf-wear company founded in Australia near the shores of Torquay. Their popularity peaked in the 1990s, when their board shorts were a common sight on beaches from Bondi to Hawaii. (more...)
Emotional support peacock denied entry on United flight out of Newark Emotional support peacock denied entry on United flight out of Newark
- January 31, 2018

Others suggested that needing an emotional support peacock in the first place was a sign of deeper issues. "I'm not kidding this woman is wrangling her peacock into the airport - right now, wrangling a peacock in the airport", a woman can be heard saying in the background of the video . (more...)
ECB Meeting: Coverage and Reactions of the Euro Exchange Rate Complex ECB Meeting: Coverage and Reactions of the Euro Exchange Rate Complex
- January 28, 2018

Following recent US Dollar weakness on the back of the White House's rumoured plans to ramp up protectionist trade policies, investors were shocked to hear that Mnuchin was welcoming the recent US Dollar losses. All-in-all, the euro managed to hit a total of 0.7% increase to $1.2498 against the dollar. The euro stood at $1.2263, consolidating its rally after having hit a three-year high of $1.2323 on January 17. (more...)
Canada announces Pacific trade deal without US Canada announces Pacific trade deal without US
- January 25, 2018

The 16 participating countries in the China-led RCEP, on the other hand, will try to conclude the agreement this year under Singapore's chairmanship of the Asean, Trade Undersecretary Ceferino S. The agreement follows two days of high-level talks in Tokyo and was confirmed by Canadian International Trade Minister Francois-Philippe Champagne. (more...)
Detroit Auto Show 2018: Ford Mustang Bullitt is reborn Detroit Auto Show 2018: Ford Mustang Bullitt is reborn
- January 17, 2018

After shooting wrapped, Warner Bros. sold the hero auto that McQueen drove in " Bullitt " to a private collector. It wound up in the hands of Sean Kiernan, who inherited it from his late father. Inside, the Bullitt Mustang features Recaro bucket seats, green stitching for the upholstery and an 8-ball gearknob. Ford also mixed up a special dark highland green paint, stripped off most of the trim and badges, and added a number of dark green elements in the interior. (more...)