Money


Skopje, Athens seek 'honourable' solution to name row Skopje, Athens seek 'honourable' solution to name row
- March 24, 2018

Bulgarian Socialist Party (BSP) leader Korneliya Ninova and Macedonian Prime Minister and leader of the Social Democratic Union of Macedonia (SDSM) Zoran Zaev discussed the bilateral relations between Bulgaria and the Republic of Macedonia and the prospects of the Western Balkans for joining the EU and North Atlantic Treaty Organisation. (more...)
Rising risks - on Fed rate hike
- March 24, 2018

The Fed is expected to lift its benchmark overnight lending rate by a quarter of a percentage point to a range of 1.50 percent to 1.75 percent at the end of a two-day meeting on Wednesday. "Even though the median funds rate for 2018 did not rise, the average funds rate did as seven members now expect more than three rate hikes this year versus four in December". (more...)
What is Ram Rajya Rath Yatra? What is Ram Rajya Rath Yatra?
- March 24, 2018

Superstar Rajinikanth , who has stated his intention of entering the political arena, said on Tuesday that it is the responsibility of the Tamil Nadu government to provide security to the Ram Rajya Rath Yatra . The Ram Rajya rath Yatra , which passed through Madurai reached its final destination, Rameswaram on Wednesday evening. Speaking in the Assembly yesterday after moving a calling attention motion, Stalin wanted the Govt. (more...)
Spotify says 2 million listeners blocked ads for free Spotify says 2 million listeners blocked ads for free
- March 24, 2018

The information was revealed to regulators as Spotify prepares to take the company public via a direct listing, which will see Spotify's shares listed on a public exchange within weeks. In a regulatory filing, Spotify said it previously included the 2 million users in calculations for some of its key performance indicators, including MAUs, ad-supported users, content hours, and content hours per MAU. (more...)
Dow plunges 724 pts amid fears of US-China trade war Dow plunges 724 pts amid fears of US-China trade war
- March 24, 2018

According to a statement from the Chinese government, China is prepared to take "all necessary measures" to defend its economic stability and called the new tariffs "detrimental to both sides". Bolton, who served as USA ambassador to the United Nations, was also a Fox News contributor until his appointment last night. This has sparked fears that China will retaliate and a trade war between the two countries will be launched. (more...)
World shares, dollar slip as jitters mount on Fed, trade and tech World shares, dollar slip as jitters mount on Fed, trade and tech
- March 24, 2018

Investor fears of escalating trade tensions are being realised as the United States tariffs have already sparked a reciprocal response from China. The Facebook losses, caused by uproar over the alleged misuse of user data, filtered through the tech sector, with technology companies in the benchmark S&P 500 down 2 percent for the week to date. (more...)
Threat of United States and China trade war rises Threat of United States and China trade war rises
- March 24, 2018

The S&P 500 and the NASDAQ fell by about 2.5 percent. A gauge of stocks across the world put out by MSCI fell almost 2 percent and lost 3.4 percent of its value during the week. "When it comes to China, the U.S. is looking for a large deal that addresses the trade balance and liberalizes China's market", said Scott Kennedy, a China expert at the Center for Strategic & International Studies. (more...)
Former CEO Steve Wynn sells remainder of stake in Wynn Resorts Former CEO Steve Wynn sells remainder of stake in Wynn Resorts
- March 24, 2018

The company had a trading volume of 4,324,997 shares, compared to its average volume of 4,563,740. The stock increased 2.04% or $3.58 during the last trading session, reaching $179.12. Wellington Mgmt Group Llp reported 2.71M shares. (NYSE:EBS). Nationwide Fund Advsrs reported 25,881 shares. L And S invested in 0.21% or 8,537 shares. (more...)
BJP MPs asked to 'expose' Opposition BJP MPs asked to 'expose' Opposition
- March 24, 2018

The Congress has made a decision to move a no-confidence motion against the Modi government in the Lok Sabha and is likely to do so on Tuesday, sources in the party said today. The BJP president Amit Shah asked MPs to work to reinforce booth-level organization in their constituencies, declaring that the organization's work at the booth level, along with BJP's ideology and Modi's leadership, has been the main reason for its success. (more...)
Britain, EU agree terms for post-Brexit ties Britain, EU agree terms for post-Brexit ties
- March 24, 2018

But the ideas have yet to gain traction in Brussels , where European Union officials have repeatedly asked for more details - something that has annoyed the British negotiating team, which feels its hands have been tied by the scheduling of the talks. (more...)
The Bank of England holds interest rates unchanged at 0.5% The Bank of England holds interest rates unchanged at 0.5%
- March 24, 2018

Real wage growth looks on course to creep back into positive territory in the coming months after average wage growth excluding bonus ticked up to 2.6% in January. Beyond this, markets are now slightly concerned with a massive range of uncertainties, beginning with reports that the US President is set to announce a round of protective tariffs against China on Friday, news that Congressional Republican leaders have released a $1.3 trillion spending bill just 52 hours before the deadline for ... (more...)
Goldman Sachs drops from top three banks for commodities revenue Goldman Sachs drops from top three banks for commodities revenue
- March 24, 2018

California Public Employees Retirement Sys invested in 27,237 shares or 0% of the stock. AMP Capital Investors Ltd owned 0.05% of Goldman Sachs worth $51,579,000 as of its most recent filing with the Securities and Exchange Commission (SEC). (more...)
Dropbox shares close up 35 percent in biggest tech debut since Snap Dropbox shares close up 35 percent in biggest tech debut since Snap
- March 24, 2018

The IPO was priced at $US21 apiece late on Thursday, $US1 above the projected range of $US18 to $US20 on the back of strong demand . Some 36.0 million shares were sold in the offering , with an overallotment option for an additional 5.4 million shares. (more...)
President Trump Announces Ban on Bump Stocks for Guns President Trump Announces Ban on Bump Stocks for Guns
- March 24, 2018

As I promised, today the Department of Justice will issue the rule banning BUMP STOCKS with a mandated comment period", Trump tweeted Friday afternoon. Hundreds of thousands of people are expected to turn out on Saturday for hundreds of rallies worldwide and in the USA capital in the wake of the Florida school massacre. (more...)
#DeleteFacebook: Elon Musk takes down SpaceX and Tesla Facebook pages during tweetstorm #DeleteFacebook: Elon Musk takes down SpaceX and Tesla Facebook pages during tweetstorm
- March 24, 2018

The context for Musk's wild and woolly tweetstorm is the controversy over Facebook's handling of personal data from users. " It is time . #deletefacebook ", Acton wrote . Musk does have some connections to the social media giant. For those who don't know, SpaceX was founded in 2002 by Musk and is a private American aerospace manufacturing company. (more...)
Police release footage of moment self-driving Uber crashes into pedestrian Police release footage of moment self-driving Uber crashes into pedestrian
- March 24, 2018

One key question for investigators will be how the vehicle's technology failed to notice the pedestrian crossing the street in front of it, despite the darkness. Uber says miles per intervention isn't a measure of the overall safety of its autonomous vehicle testing operations, but rather a way to track the system's improvement. (more...)
We Tried It: New Starbucks limited edition Crystal Ball Frappuccino
- March 24, 2018

It has underperformed by 5.63% the S&P500. Its up 0.35, from 1.09 in 2017Q2. Want to see what other hedge funds are holding SBUX? 72 funds opened positions while 272 raised stakes. For the past 5 years, The Company's EPS growth has been almost 17.10%. Starbucks Corporation analysts gave 11 buy-equivalent recommendations, 1 sells and 10 holds. (more...)
Sensex soars 248.28pts; Nifty above 10200 Sensex soars 248.28pts; Nifty above 10200
- March 24, 2018

President Donald Trump dented Asian shares. Sector-wise, the S&P BSE auto index declined by 225.95 points, followed by capital goods index by 198.79 points and banking index by 180.11 points. On the currency front, the Indian rupee closed flat at 65.21 against the United States dollar from its previous close at 65.20. Equity benchmarks erased early gains after realty, capital goods, teck, auto, PSU, IT, power and bankex counters came under selling pressure, falling up to 1.28 per cent. (more...)
Oil rises on Saudi talk of extending output cuts into 2019 Oil rises on Saudi talk of extending output cuts into 2019
- March 24, 2018

So, with that in place and the cuts that OPEC are suggesting will last beyond 2018, we would say that the oil prices going to push higher in the near term and we would be looking towards the end of calendar 2018 for WTI prices $70-80 and a Brent price of $74 to 84. (more...)
Villanova pulls away late to beat West Virginia Villanova pulls away late to beat West Virginia
- March 24, 2018

Head coach Jay Wright acknowledges that West Virginia is playing their best basketball and this will be a big test for them. Jalen Brunson drives against West Virginia in Villanova's Sweet 16 game on Friday night. Just give it everything you've got. Zone Defense . If you enjoy man to man defense, then this is not the game for you, but if you enjoy zone defense and three point shooting then you will enjoy this game. (more...)

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