Money


Costco Owes Tiffany more than $19 Million for selling counterfeit rings Costco Owes Tiffany more than $19 Million for selling counterfeit rings
- August 15, 2017

The judgment represents three times the profit of $3.7 million Tiffany is said to have lost to Costco over the 2,500 or so rings sold through the warehouse club, plus $8.25 million in punitive damages awarded by a jury a year ago. By now, as Forbes wrote, "the term "Tiffany setting" has reached Kleenex status - it's now used colloquially throughout the jewelry industry to describe any multi-pronged solitaire setting, Tiffany or no". (more...)
NBC5 Forecast: Rain chances drop, but high humidity is here to stay
- August 15, 2017

Tuesday and Wednesday will have a 20-30 percent chance of scattered thundershowers to thunderstorms with partly cloudy conditions. The biggest chance of showers - about 40 percent - is in St. Tuesday - Mostly sunny, with a high near 85. South wind 3 to 5 miles per hour. Skies are expected to remain partly cloudy to mostly clear. Thursday - A chance of showers and thunderstorms. (more...)
Amazon's Instant Pickup has your items ready in just minutes Amazon's Instant Pickup has your items ready in just minutes
- August 15, 2017

In essence, Instant Pickup locations are convenience stores that don't have aisles-and barely have employees. Until Instant Pickup, Amazon shoppers could expect to have their orders within an hour at best via the company's Prime Now program, or within 15 minutes for grocery orders via AmazonFresh Pickup. (more...)
German airline goes bust after Etihad pulls plug German airline goes bust after Etihad pulls plug
- August 15, 2017

Etihad had bought into a number of European airlines in recent years, not least because it hoped they would drive long-haul traffic to its hub in Abu Dhabi and also support its efforts to break into the US market. "Under these circumstances, as a minority shareholder, Etihad can not offer funding that would further increase our financial exposure". Etihad provided 250 million euros of funding to Air Berlin in April. (more...)
Brazil Retail Sales Grow For Third Month Brazil Retail Sales Grow For Third Month
- August 15, 2017

The savings rate has dropped to 3.8 percent in the second quarter of this year from a rate of 6.2 percent in the second quarter of 2015. Consumers went out shopping in a big way in July, pushing up retail sales by the largest amount in seven months. (more...)
BP starts at Juniper, Persephone BP starts at Juniper, Persephone
- August 15, 2017

The British oil company said its partner Woodside Energy brought a natural gas joint venture project called the Persephone into production off Western Australia. BP chief executive Bob Dudley said: "This is a significant year for BP and, with five of our seven planned major projects now onstream, delivery of our plan is firmly on track". (more...)
Wall Street falls on North Korea concerns Wall Street falls on North Korea concerns
- August 15, 2017

The yield on the 10-year Treasury note fell to 2.23 percent from 2.26 percent late Tuesday. ASIA'S DAY: The earlier Asian session was heavily influenced by the sabre-rattling between the US and North Korea . Kinahan. The dollar slipped to 109.04 yen from 109.26 late Thursday. CURRENCIES: The euro was down 0.1 percent at $1.175 while the dollar fell 0.6 percent to 109.68 yen. (more...)
Bill Gates gives $4.6 billion, his largest donation since 2000 to Charity Bill Gates gives $4.6 billion, his largest donation since 2000 to Charity
- August 15, 2017

The recipient of this huge gift is unspecified in the regulatory filing, but if past practice holds, it's likely the Bill & Melinda Gates Foundation, helping to fuel the philanthropy's work in USA education and global health. He remains the world's richest person, despite giving away 64 million shares in Microsoft. Gates created the Giving Pledge in 2010 with billionaire investor Warren Buffet. (more...)
Stock Checkup on Nuveen New Jersey Municipal Value Fund (NJV)
- August 15, 2017

The ATR may assist traders with figuring out the strength of a breakout or reversal in price. RSI measures the magnitude and velocity of directional price movements. In general, and ADX value from 0-25 would represent an absent or weak trend. A value of 25-50 would indicate a strong trend. A level of 50 would indicate neutral market momentum. (more...)
Here's everything you need to know about Home Depot's earnings Here's everything you need to know about Home Depot's earnings
- August 15, 2017

About 318,961 shares traded. Up to Monday's close, the stock had risen 15 per cent this year. It has outperformed by 14.63% the S&P500. The stock increased 2.94% or $3.15 during the last trading session, reaching $110.28. The stock has "Buy" rating by UBS on Friday, August 4. Therefore 67% are positive. The home improvement retailer reported $1.67 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $1.61 by $0.06. (more...)
Morning Scan Berkshire loves Synchrony; What's behind the bitcoin surge? Morning Scan Berkshire loves Synchrony; What's behind the bitcoin surge?
- August 15, 2017

Buffett's Berkshire boosted its stake in Bank of New York Mellon to 50.23 million shares, up 52% from the 33.01 million shares it owned at the end of the first quarter. It's worth noting that the firm's positions could have changed since the date of the filing. As Berkshire Hathaway exited GE, it added a 17.5 million share stake in Synchrony Financial, a credit card company spun out of GE in 2015. (more...)
German Economy Expands On Domestic Demand In Second Quarter German Economy Expands On Domestic Demand In Second Quarter
- August 15, 2017

The euro has appreciated some 12 percent this year against the dollar and more than 18 percent in trade-weighted terms. Germany's statistics body said that "positive impulses" in the second quarter came from domestic demand, as spending by households and the government increased "markedly". (more...)
FinnCap Increases Tristel Plc (TSTL) Price Target to GBX 225
- August 15, 2017

Therefore 100% are positive. Connect Group PLC had 66 analyst reports since October 6, 2015 according to SRatingsIntel. Barclays Capital now has a GBX 510.00 target price on the stock. The stock increased 0.86% or GBX 4.08 on August 14, reaching GBX 477.93. About 233,815 shares traded. Among 6 analysts covering NMC Health PLC ( LON:NMC ), 4 have Buy rating, 0 Sell and 2 Hold. (more...)
German growth slightly slower than expected in Q2 German growth slightly slower than expected in Q2
- August 15, 2017

The euro extended its decline after the report and traded at $1.1756 at 8:32 a.m. Frankfurt time, down 0.2 percent. He says "Germany's economic success story goes on and on and on". There was an increase in fixed capital formation in machinery and equipment, in construction and in other fixed assets. Adjusted for calendar affects, the yearly growth rate was 2.1% in the April-June period. (more...)
Gert becomes second hurricane of the season Gert becomes second hurricane of the season
- August 15, 2017

Monday night cites an area of sustained winds inside the storm hitting 75 miles per hour. Hurricane Franklin became the first hurricane of the 2017 season in the Atlantic last week. The hurricane center said Gert had the opportunity to get stronger but dialed back its earlier intensity forecast that had the storm reaching Category 2 status. (more...)
The Exxon Mobil Corporation Target of Unusually Large Options Trading (NYSE:XOM) The Exxon Mobil Corporation Target of Unusually Large Options Trading (NYSE:XOM)
- August 15, 2017

Andrew Feldstein decreased its stake in Exxon Mobil Corp ( XOM ) by 97.94% based on its latest 2016Q4 regulatory filing with the SEC. In other news, Director Steven Reinemund sold 1,100 shares of the business's stock in a transaction that occurred on Friday, August 4th. (more...)
Under Armour CEO Kevin Plank steps down from Trump's manufacturing council Under Armour CEO Kevin Plank steps down from Trump's manufacturing council
- August 15, 2017

Under Armour Chairman and CEO Kevin Plank made a major move tonight when he said he would step down from President Donald Trump's American Manufacturing Council. Like Plank, Frazier did not refer to Trump's remarks, but suggested that the political climate in Washington was making it impossible to rebuild the US manufacturing base. (more...)
China to cut off North Korean imports under United Nations sanctions China to cut off North Korean imports under United Nations sanctions
- August 15, 2017

Trade Representative Robert Lighthizer on Monday to consider investigating China's IP policies, especially the practice of forcing U.S. companies operating in China to transfer technological know-how. China , the isolated North's main trading partner, has been reluctant to push leader Kim Jong Un's regime too hard for fear it might collapse. United Nations sanctions must be implemented 30 days after the resolution was approved in a vote on August 6. (more...)
Stocks plunge amid growing North Korean-US tensions, gold continues rise Stocks plunge amid growing North Korean-US tensions, gold continues rise
- August 15, 2017

The major index futures are now pointing to a modestly higher open for the markets, with the Dow futures up by 21 points. "When investors are optimistic to the extreme, it means that most of their money is already in the market and there's no more money coming in", Bruce Bittles, chief investment strategist at Robert W. (more...)
Dreaming of an American job? It could be quite taxing Dreaming of an American job? It could be quite taxing
- August 15, 2017

This report presents detailed findings about the prevalence and distribution of working conditions across the American workforce by age, gender, and education. A nationwide survey of just over 3,000 adults found many had unstable work schedules, along with unpleasant and potentially unsafe job conditions. The physical exertion of their jobs may be why some older Americans retire early. (more...)