Economy

US Federal Reserve raises key interest rate by quarter-point

US Federal Reserve raises key interest rate by quarter-point Shares in Hong Kong and China fell after their central banks tightened policy rates following the US Fed's rate hike. The quarter-percent jump will also affect mortgages, auto loans, and credit cards . " The economic outlook has strengthened in recent months ", the Fed said in a statement following its two-day Federal Open Market Committee meeting. [Full Article...]

Speculation Tax details released

Speculation Tax details released British Columbians that own multiple homes, and keep them empty, will pay 0.5 per cent tax. The tax will be applied on properties that are not the primary residences of the owner - they're not living there for more than six months per year - and that aren't being occupied by a tenant when the owner isn't there. [Full Article...]

Bandhan Bank makes stellar debut, shares up over 27%

Bandhan Bank makes stellar debut, shares up over 27% The scrip ended the day at Rs 470, a 25.33 per cent premium over issue price. The stock incurred further gains, touching at intraday high of 494.80 on the BSE. Bandhan Bank, which started off as a micro-financing company in 2001, adopted a unique model of entering normal banking services after it got the in-principle license from the RBI in 2014. [Full Article...]

NXP Semiconductors (NASDAQ:NXPI) Downgraded by BidaskClub to Sell

The institutional investor held 1.82M shares of the semiconductors company at the end of 2017Q3, valued at $205.28 million, down from 2.47 million at the end of the previous reported quarter. Citigroup maintained the stock with "Buy" rating in Tuesday, February 27 report. The stock of American International Group, Inc. The company's distance from 52-week high price is -4.56% and while current pric... [Full Article...]

Zacks Investment Research Downgrades BP (NYSE:BP) to Hold

Patriot Financial Partners Gp Lp who had been investing in Meta Financial Group Inc. for a number of months, seems to be bullish on the $1.04B market cap company. The firm has "Outperform" rating by Oppenheimer given on Friday, March 11. On Friday, December 16 the stock rating was initiated by JP Morgan with "Overweight". [Full Article...]

Deutsche Bank Aktiengesellschaft (NYSE:DB) floats asset management arm despite shaky markets

Deutsche Bank Aktiengesellschaft (NYSE:DB) floats asset management arm despite shaky markets For the week, the Dow was down 5.67 percent, the S&P 500 was down 5.95 percent and the Nasdaq was down 6.54 percent, marking their biggest weekly percentage falls since January 2016. When the RSI reading is between 30 and 0, the security is supposed to be oversold and ready for an upward correction. This is a problem for day traders and it could mean the difference between a profitable and non-pro... [Full Article...]

U.S. actively discouraging networks from buying Huawei and ZTE parts

U.S. actively discouraging networks from buying Huawei and ZTE parts The money in the Universal Service Fund comes from fees paid by the American people, and I believe that the FCC has the responsibility to ensure that this money is not spent on equipment or services that pose a threat to national security. [Full Article...]

Kinross Gold Corporation (KGC) Stock Price Increases Today

Kinross Gold Corporation (KGC) Stock Price Increases Today Kinross Gold Corporation ( KGC) stock price 5.93% rising depiction highlighted by the trends created around 20 day SMA. The firm has "Underperform" rating by Bank of America given on Wednesday, February 21. $221.33 million worth of stock was sold by Koum Jan on Thursday, February 15. KGC stock after floating settled at 3.84. BURROWS CLIFFORD had sold 162,826 shares worth $9.28M. [Full Article...]

China started trading its own crude oil futures

China started trading its own crude oil futures In China , yuan-denominated oil futures declined 1.4 percent to end at 424 yuan a barrel on Tuesday. Shanghai crude oil futures opened up more than six per cent on Monday with nearly 20 million barrels of the most-active September contract changing hands. [Full Article...]

LLC Acquires Shares of 36201 Zoetis Inc (ZTS)

The company's 3-months average volume stands at 2.75 million. Zoetis Inc . ( ZTS ) has risen 29.89% since March 25, 2017 and is uptrending. Matthew Knauer decreased its stake in Citizens Finl Group Inc (CFG) by 35.38% based on its latest 2017Q3 regulatory filing with the SEC. [Full Article...]

'Brazil are better but will miss Neymar'

'Brazil are better but will miss Neymar' It is a scoreline so famous that we need not mention the teams. "The more you talk about it, the less this ghost disappears". "It won't just be a sporting challenge, but a huge emotional challenge too". "I'm really looking forward to Tuesday's match because, no matter how much they deny it, Brazil will be desperate to make up for it". Coutinho operated in a midfield role while Douglas Costa and ... [Full Article...]

Cambridge Analytica Saga: After Zuckerberg, Facebook COO apologizes

Cambridge Analytica Saga: After Zuckerberg, Facebook COO apologizes They subsequently restricted this third-party access . You can't take it back. "And we have a responsibility to do this, not only for the 2018 midterms in the USA, which are going to be a huge deal this year and that's just a huge focus for us but there's a big election in India this year, there's a big election in Brazil, there are big elections around the world, and you can bet that we ar... [Full Article...]

Griffin Securities Brokers Lower Earnings Estimates for Schlumberger Limited. (SLB)

It has underperformed by 37.75% the S&P500. The sale was disclosed in a filing with the SEC, which is available at this link . The stock has "Buy" rating by Robert W. The firm has "Market Perform" rating given on Wednesday, October 11 by BMO Capital Markets. The stock has "Buy" rating by FBR Capital on Monday, January 22. [Full Article...]

CS Mckee LP Sells 5800 Shares of US Bancorp (NYSE:USB)

CS Mckee LP Sells 5800 Shares of US Bancorp (NYSE:USB) There is no guarantee that when share prices reach a 52 week low, the stock will begin to trade higher - it could break down to an even lower level. Hortonworks, Inc. It also increased its holding in Antero Res Corp (NYSE:AR) by 1.94M shares in the quarter, for a total of 2.64 million shares, and has risen its stake in Patterson Uti Energy Inc (NASDAQ:PTEN). [Full Article...]

Foxconn announces purchase of Belkin, Wemo, and Linksys

Foxconn announces purchase of Belkin, Wemo, and Linksys The Taiwanese company, which is receiving a $3 billion tax break from the Badger State, is expected to have its Wisconsin factory fully operational by the end of 2019. "The transaction also grants us access to more resources to invest in our people and to aggressively pursue opportunities in the marketplace", he said. [Full Article...]

BB&T Securities LLC Cuts Stake in VF Corp (VFC)

About 156,411 shares traded. V.F. Corporation ( NYSE : VFC ) has declined 13.07% since March 25, 2017 and is downtrending. It has underperformed by 12.65% the S&P500. The firm has "Equal Weight" rating by Barclays Capital given on Monday, January 23. Presently, analysts polled by Zacks Research have set a consensus target price of $15.25 on shares of SeaWorld Entertainment, Inc. [Full Article...]

Twitter joins Facebook, Google in banning crypto sale ads

Twitter joins Facebook, Google in banning crypto sale ads As it turns out, that isn't the only thing Twitter is going to do to cut back on the amount of cryptocurrency spam on its platform, as it will soon be restricting certain ads as well. News of the Facebook and Google bans also knocked the price. Figures that were being impersonated included Vitalik Buterin, Elon Musk, and Justin Sun, to name a few. [Full Article...]

Crude oil slightly weaker after a big move up

China yesterday launched its first-ever crude oil futures contract as the world's biggest oil buyer seeks to wield greater power over pricing and challenge the benchmarks in the USA and Europe. More than two thirds of the country's oil consumption came from those imports. Glencore, Trafigura, and Freepoint Commodities were among the first to buy the new contract, Reuters reports. [Full Article...]

Starbucks Corporation (SBUX) Investors' React on Long-Term Obligation

Starbucks Corporation (SBUX) Investors' React on Long-Term Obligation Short-term as well long term shareholders always focus on the liquidity of the stocks so for that concern, liquidity measure in recent quarter results of the company was recorded 1.00 as current ratio and on the opponent side the debt to equity ratio was 0.85 and long-term debt to equity ratio also remained 0.79. [Full Article...]

Brookstone Capital Management Purchases New Stake in Gilead Sciences, Inc. (GILD)

The stock price value Change from Open was at -3.37% with a Gap of -0.25%. Union Bankshares Corporation (NASDAQ:UBSH) has risen 21.53% since March 26, 2017 and is uptrending. Vista Ptnrs has invested 0.07% in United Parcel Service, Inc. Analysts await Amgen Inc. (NYSE:XYL) to report earnings on May, 1. Analysts expect ABB Ltd (NYSE:ABB) to report $0.32 EPS on April, 19.They anticipate $0.04 EP... [Full Article...]


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