Money


U.S. stocks dip as Disney earnings disappoint
- August 10, 2017

Unit labor costs had been expected to climb by 1.2% compared to the 2.2% jump that had been reported for the previous quarter. The lower close followed remarks by President Donald Trump warning North Korea against further threats. Humana rose $4.74, or 1.9 percent, to $254.96. Markets were also lower in Europe and Asia. Japan's Nikkei 225 Index tumbled by 1.3%, while Hong Kong's Hang Seng Index fell by 0.4%. (more...)
Paddy Power Betfair Plc (PPB) Receives Paddy Power Betfair Plc (PPB) Receives "Buy" Rating from Peel Hunt
- August 10, 2017

Paddy Power Betfair was formed by the merger of Irish betting firm Paddy Power and United Kingdom online betting firm Betfair Group, a move that was completed in February a year ago. Peel Hunt's price objective indicates a potential upside of 32.45% from the stock's previous close. During the first half Paddy Power Betfair entered the U.S. (more...)
Serena Williams throws '50s baby shower with Ciara and sister Venus Serena Williams throws '50s baby shower with Ciara and sister Venus
- August 10, 2017

Now THAT looks like a fun baby shower. The ladies were adorably dressed in poodle skirts, bandanas, wearing high ponytails and other 1950s attire. Williams graced another magazine this month where she showed off her growing baby bump once again. (more...)
Trump's Trump's "fire and fury" warning hits stocks, lifts yen and gold
- August 10, 2017

European stocks fell sharply across the board Wednesday as investors around the world piled cash into safe-haven assets amid increasingly risky rhetoric between North Korea and the United States. Japan is the world's biggest creditor country and there is an assumption investors there will repatriate funds in a crisis. The Swiss franc on Wednesday held near the day's highs after posting its biggest single-day rise against the euro since the central bank removed its cap on the currency in ... (more...)
SoftBank looks for an Uber, Lyft in the cab-hailing space SoftBank looks for an Uber, Lyft in the cab-hailing space
- August 10, 2017

Sprint Corp ( NYSE:S ) has reportedly restarted merger talks with fellow mobile phone service operation T-Mobile US Inc ( NASDAQ:TMUS ), as Softbank's Masayoshi Son once again looks to generate a return on his sizable Sprint investment. (more...)
Guam's residents feel U.S. patriotism but growing concern Guam's residents feel U.S. patriotism but growing concern
- August 10, 2017

In addition to the military presence, Guam also relies heavily on tourism to boost its economy, attracting more than 1.5 million visitors drawn to its pristine beaches and luxury resorts in 2016. government bonds, gold and the Japanese yen and sold off shares. The jump in the franc had prompted hedge funds to unwind leveraged positions which involved borrowing in the weak Swiss currency and investing the proceeds in the relatively higher-yielding Australian dollar AUD=D3 and the Canadian ... (more...)
New Zealand central bank leaves interest rate unchanged at 1.75 pct New Zealand central bank leaves interest rate unchanged at 1.75 pct
- August 10, 2017

At the May MPS, only one quarter-point rate hike was projected by 2020 and there has been speculation Thursday's forecasts will be just as flat. "The underlying message will be that the RBNZ is in no hurry to join some other major central banks in looking to remove policy accommodation". (more...)
Stocks down, gold up after North Korea threat Stocks down, gold up after North Korea threat
- August 10, 2017

European shares fell, following falls in Asia and on Wall Street. In the currency market, the Australian dollar is lower on Wednesday against the US dollar. The Swiss currency was also on track for its biggest daily gain against the euro since last year's Brexit vote. The dollar fell 0.39 percent against the yen . (more...)
Toshiba submits FY 2016 financial results, avoids immediate delisting Toshiba submits FY 2016 financial results, avoids immediate delisting
- August 10, 2017

The auditor did, however, issue an "adverse opinion" on Toshiba's internal controls, claiming that losses the firm incurred in connection to its now bankrupt USA nuclear arm Westinghouse were overlooked and not presented punctually. The losses mark the biggest Toshiba has suffered and are the largest-ever for a Japanese manufacturer, sources close to the matter said Thursday. The conglomerate is trying to sell its chip unit to pay down debt and cover the impact of a US$6.33 billion writedown ... (more...)
US, Australia, Japan want coercive acts at sea to be stopped US, Australia, Japan want coercive acts at sea to be stopped
- August 10, 2017

The two primary issues at the formal sessions are North Korea and the South China Sea . Furthermore, Washington wants ASEAN to do more to isolate the hermit kingdom from all ASEAN-led forums. Right after his address, which marked the beginning of his second year in office, Duterte conducted a press conference, where he nonchalantly threw out the prospect of resource-sharing with China within the Philippines' Exclusive Economic Zone (EEZ). (more...)
Yep, London's most expensive homes are having their prices cut Yep, London's most expensive homes are having their prices cut
- August 10, 2017

House price growth was nearly flat in July due to political uncertainty, lack of housing stock and tax changes, according to a sentiment survey of surveyors. That figure was 57% for homes listed between £500,000 and £1m, while 37% of surveyors said homes listed at less than £500,000 had been sold below their original asking price. (more...)
Markets Right Now: Dow average ends a 10-day winning streak Markets Right Now: Dow average ends a 10-day winning streak
- August 10, 2017

The S&P 500 , a broader gauge of U.S. companies, fell 0.24 percent to 2,474.92. The S&P 500 Index (SPX ) and Nasdaq Composite (COMP) finished lower as well, while the collective aversion to risk boosted the CBOE Volatility Index (VIX ) and "safe haven" assets like gold. (more...)
Syncona Ltd (LON:SYNC) Plans Dividend of GBX 2.30 Syncona Ltd (LON:SYNC) Plans Dividend of GBX 2.30
- August 10, 2017

PVG Asset Management Corp acquired a new stake in Astrazeneca PLC during the first quarter worth $8,242,000. Fisher Asset Management LLC now owns 11,081,856 shares of the company's stock worth $377,780,000 after buying an additional 9,160,764 shares during the last quarter. (more...)
Securities Analyst Recommendations: Encana Corporation (ECA), Regions Financial Corporation (RF)
- August 10, 2017

This represents an increase of 791% compared to the average volume of 2,583 call options. About 2.89M shares traded. According to Financial Times, The 27 analysts offering 12 month price targets for Regions Financial Corp have a median target of 15.00, with a high estimate of 17.50 and a low estimate of 13.00. (more...)
Walmart apologizes for sign marketing guns as back-to-school items Walmart apologizes for sign marketing guns as back-to-school items
- August 10, 2017

An apparent miscommunication resulted in a mixup with a sign in a Walmart store . One Twitter user had a simple question for Walmart, the largest retailer of firearms and ammunition in the United States: "What are you suggesting?" It's back-to-school season, which means young people are getting outfitted and stocking up on supplies for the new academic year. (more...)
BidaskClub Downgrades Office Depot, Inc
- August 10, 2017

The lowest price the stock reached in the last trading day was $101.9 and compares with the $87.06 52-week low. COPYRIGHT VIOLATION NOTICE: " Office Depot, Inc ". On 5/9/2017 announced a quarterly dividend of $0.03 with an ex dividend date of 5/23/2017 which will be payable on 5/25/2017. State Common Retirement Fund holds 0% or 741,339 shares. (more...)
Vantiv, Inc. Class A (VNTV) Sees New 52-Week High
- August 10, 2017

Diamond Hill Capital Management Inc decreased Tegna Inc. stake by 214,857 shares to 8.88 million valued at $189.87M in 2016Q4. Pictet Asset Management Ltd. The firm's quarterly revenue was up 10.3% on a year-over-year basis. BlackRock Inc. boosted its stake in shares of Vantiv by 3,456.0% in the first quarter. (more...)
South African Rand Slides on Zuma Vote South African Rand Slides on Zuma Vote
- August 10, 2017

The rand has fallen from RS13.2 against the dollar just before the vote to RS13.5, and South Africa has been facing increased criticism from credit rating agencies regarding central bank independence, credit concerns and high government spending. (more...)
Arraignment of United Kingdom security researcher Hutchins delayed to Monday
- August 10, 2017

In a statement issued on Friday, British MP Peter Heaton-Jones expressed his concern at Hutchins' arrest . Hutchins' lawyer has confirmed that he will be pleading not guilty to all charges, with the alleged offences taking place between July 2014 and July 2015. (more...)
Amazon.com, Inc. (AMZN) is Atalanta Sosnoff Capital LLC's 6th Largest Position Amazon.com, Inc. (AMZN) is Atalanta Sosnoff Capital LLC's 6th Largest Position
- August 10, 2017

The company has market cap of $878.02 million. Dividends are mostly given in terms of cash payments, property or as shares of stock. About 1.05M shares traded. 20,307 Apple Inc. (NASDAQ:AAPL) shares with value of $2.95M were sold by Maestri Luca. Strong Sell. Investors might also notice that two months ago the Buy recommendations (4) outnumbered Sell recommendations (0). (more...)

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