Markets


USA wholesale inflation sees biggest monthly gain in 4 years
- February 16, 2017

The team forecasts China's annual inflation rate to be contained at 2.6% even with a strong rise seen in January. Inflation had been expected to hit 1.9 per cent in January, a stone's throw from the Bank of England's two per cent target. 'These prices look set to feed through to consumers in coming months, ' he said. Food prices added 2.7 percent year on year in January, higher than the 2.4 percent gain in December because of the holiday effect, Sheng said. (more...)
American Eagle jet hits deer on take- off, returns to airport
- February 16, 2017

The plane was then forced to land in MS, according to WSOCTV . The FAA said the plane landed safely at the Charlotte airport at 12:05 p.m. after declaring the emergency. (more...)
Here's Why General Motors Company (GM) Stock Will Drive to $42
- February 15, 2017

Essex Financial Services Inc. boosted its stake in General Motors Company by 2.8% in the second quarter. For the past 5 years, the company's revenue has grown -2.4%, while the company's earnings per share has grown 14.7%. Based on data provided from analysts polled by Thomson Reuters, General Motors Company has a current consensus target price of 38.82. The Company got Initiated by Macquarie on 1-Dec-16 to Outperform. (more...)
Deported mother temporarily reunited with kids in Mexico
- February 13, 2017

That felony conviction stemmed from a workplace raid conducted by former Maricopa County Sheriff Joe Arpaio in 2008, where Garcia - who came to the U.S.in 1996 at the age of 14 - was found to have used a fake ID and Social Security number to get a job at the Golfland Sunsplash amusement park. (more...)
ACC Basketball: Inside the numbers for Duke-North Carolina ACC Basketball: Inside the numbers for Duke-North Carolina
- February 11, 2017

Jim Sumner will be along presently with his take from Cameron. In preparation for the highly anticipated matchup, one UNC fan chose to troll Duke's most polarizing player, Grayson Allen. He got half-dressed and wandered aimlessly until he settled over a Gatorade cooler with a box score draped across the top. His final play before picking up his fifth foul gave Duke enough points to win. (more...)
Sensex declines by 62 points, Nifty trades below 8800
- February 11, 2017

At 0945 hours Sensex was trading at 28,377.09, up 47.39 points or 0.17%, while Nifty was at 8,801.15, up 22.75 points or 0.26%. With regard to global cues, firm trend in other Asian bourses, tracking overnight gains in the U.S. Meanwhile, Foreign portfolio investors (FPIs) sold shares worth a net Rs 449.52 crore yesterday, as per provisional data released by the stock exchanges. (more...)
Thomas Cook reports bigger quarterly loss Thomas Cook reports bigger quarterly loss
- February 11, 2017

Thomas Cook is raising its prices this year, it will cost on average 9 per cent more to fly away on holiday this summer. Amid news of the reporting, Thomas Cook plc shares plunged 7.12 percent as of 09.56AM (GMT). Shares of Thomas Cook traded 6.8 percent lower at 85.75 pence as of 9:53 a.m.in London after earlier declining as much as 10 percent. Looking ahead the firm, Thomas Cook said bookings overall across the group were up one per cent for the current winter season. (more...)
Trader's Round Up: CA, Inc. (NASDAQ:CA), Twilio, Inc. (NYSE:TWLO) Trader's Round Up: CA, Inc. (NASDAQ:CA), Twilio, Inc. (NYSE:TWLO)
- February 09, 2017

UBS Group AG now owns 204,716 shares of the company's stock worth $13,175,000 after buying an additional 202,291 shares during the last quarter. Earnings per share for the recently concluded quarter is expected to come in at $-0.05 a share with $74.2M in revenue. (more...)
Standing Rock vows to shut down Dakota Access operations if built Standing Rock vows to shut down Dakota Access operations if built
- February 09, 2017

State leaders quickly applauded the Army's decision , heralding it as a win for energy infrastructure and expressing hope it would bring about the end of months-long protests in southern Morton County. The Army also stated in the letters they would not be completing the environmental impact statement on the pipeline, although if they had gone ahead with it, the pipeline construction would have been delayed for at least a year. (more...)
Consumers Rein Back Spending In January As Retail Sales Slow Consumers Rein Back Spending In January As Retail Sales Slow
- February 08, 2017

Total retail sales edged up 0.1% in January compared with growth of 3.3% in the same month of past year, according to the latest BRC-KPMG Retail/Online Sales Monitor. "Closer inspection reveals that this was driven by slowing sales in non-food sectors". Ms Dickinson said: "With the signs pointing to upward pressures on shop prices given rising import costs, all eyes will be on the impact of inflation on consumer spending". (more...)
Krispy Kreme Giving Away Free Doughnuts for Next 3 Weeks Krispy Kreme Giving Away Free Doughnuts for Next 3 Weeks
- February 07, 2017

Krispy Kreme is hoping to get consumers to try and fall in love with their new coffee, which they've spent months working on revamping from supply chain to the final cup. You can pick up a FREE Krispy Kreme doughnut this month when you purchase a cup of the company's newest coffee. "It's a combination that's deliciously inseparable, and we're proud to say that our coffee is now doughnut-worthy", she added. (more...)
Record £191m cocaine haul seized from yacht by Australian police Record £191m cocaine haul seized from yacht by Australian police
- February 07, 2017

Police have allegedly smashed a sophisticated cocaine smuggling ring and seized one of the biggest hauls in recent history. A multinational police operation has netted 1.4 tonnes of cocaine after a yacht was intercepted off the South Coast. (more...)
Azerbaijan submits its oil output data to OPEC Azerbaijan submits its oil output data to OPEC
- February 05, 2017

Indications producers from the Organization of the Petroleum Exporting Countries (OPEC) and other exporters were following through on their agreements to cut output to reduce a global supply glut also boosted oil prices earlier. Oil players are also watching U.S. President Donald Trump's energy policies as well as his attitude toward Iran . OPEC's agreement lasts for six months, with the goal of shrinking bloated oil inventories that are keeping a lid on prices. (more...)
January 2017 UK Markit/CIPS services PMI report 54.5 vs 55.8 exp January 2017 UK Markit/CIPS services PMI report 54.5 vs 55.8 exp
- February 04, 2017

Activity in the USA services sector hit a 14-month high in January, according to data released on Friday. Input costs at the highest since Mar 2011. Based on Markit's combined surveys - covering manufacturing, services and construction - United Kingdom economic growth is running at a quarterly pace of about 0.5 percent, it said. (more...)
Lifetime to Air Women's Soccer in Push to Broaden TV 'Fempire'
- February 03, 2017

ET. With this deal, for the first time in NWSL's history, a league game will be on TV every weekend of the season. At that time, all parties admitted that it made more sense for a growing league to have its games broadcast on a sports network. (more...)
Philly chain joins with CBS Radio, will be #2 in US Philly chain joins with CBS Radio, will be #2 in US
- February 03, 2017

WEEI and The Sports Hub have long battled for ratings supremacy, with on-air personalities at each station regularly taking swipes at their counterparts. shareholders to exchange their stock for shares in the enlarged Entercom. The combined companies will be the #2 US radio station group with 244 stations in most big-city markets bringing $1.7 billion a year. (more...)
Snap Inc. Files For Long-Awaited IPO
- February 03, 2017

Instagram Stories is clearly inspired by Snapchat Stories, with Facebook itself moving to adopt similar features. In 2016, Snap had total losses of $514.6 million, wider than the $373 million the year earlier. In short, this user base, because of its age, is less sticky. "Nor can we predict whether this structure will result in adverse publicity or other adverse consequences". (more...)
A mix of optimism and caution in the Economic Survey 2016-17
- February 02, 2017

Demonetisation impact: The adverse impact of demonetisation on GDP growth will be transitional. This, in turn will allow growth to converge to the trends rates and move GDP growth to the 6.75% to 7.5% range in 2017-18. Demonetisation has indeed led to job losses especially in the informal sector and farm losses. "India is well positioned to take advantage of China's deteriorating competitiveness due to lower wage costs in most Indian states", the survey noted. (more...)
Telstra, CommBank and ANZ top list of Australia's most valuable brands
- February 02, 2017

Google has been rated the most valuable brand in the world, with Apple losing the top spot for the first time in five years. Lego's success followed licensing deals with Star Wars, Harry Potter and the Batman franchise, which would also reinforce the company's brand strength among both children and adults "for years to come", the report said. (more...)
Indian tech companies brace for visa impact
- February 02, 2017

According to him, the Bill contains provisions that may prove challenging for the Indian IT sector and will also leave loopholes that will nullify the objective of saving American jobs. The three companies collectively send thousands of Indian workers every year to the U.S. to work on the outsourced IT projects they manage. Hira's research shows that Apple, Google, and Microsoft are paying H-1B workers more than $100,000, while the median wage for outsourcing firms was less than $70,000. (more...)