Business

Analyst Hits Tesla Inc (TSLA) With A Rare Sell Call

Analyst Hits Tesla Inc (TSLA) With A Rare Sell Call Acropolis Investment Management LLC acquired a new stake in shares of Tesla during the second quarter worth about $122,000. Eulav Asset Management sold 2,000 shares as Tesla Mtrs Inc ( TSLA)'s stock rose 14.18%. The consensus target price is $244.67 with 4 brokers rating the stock a strong buy, 5 brokers rating the stock a buy, 5 brokers rating the stock a hold, 6 brokerages rating the compan... [Full Article...]

Adidas overtakes Brand Jordan for No. 2 in USA sneaker sales

Adidas overtakes Brand Jordan for No. 2 in USA sneaker sales Adidas now controls a 13 percent slice of the United States sneaker business. That was up from the 6.6 percent the brand had over the same period a year ago. "Kanye is often given credit for the rise, but his product offering is tiny", he said . Nike Inc (NYSE: NKE ) has been the dominant player in the USA athletic shoe market for decades, but an overseas rival has begun to put a serious dent... [Full Article...]

Bob Evans Farms, Inc. (NASDAQ:BOBE) Issues Quarterly Earnings Results

Bob Evans Farms, Inc. (NASDAQ:BOBE) Issues Quarterly Earnings Results The addition of Bob Evans is expected to strengthen Post's footprint in food service and is highly complementary to its portfolio of ready-to-eat cereal brands, including Pebbles, Honey Bunches of Oats, Malt-O-Meal and Weetabix; active nutrition brands, including PowerBar, Premier Protein and Dymatize; and value-add egg, potato and cheese brands, including Crystal Farms, Better'n Eggs, Simply Po... [Full Article...]

Sprint and T-Mobile Agree on Deal Ownership Structure in Merger Talks

Sprint and T-Mobile Agree on Deal Ownership Structure in Merger Talks Now, if a report out of CNBC is to be believed, things are heating up once again. Sprint's shares rose 6.8 percent, while T-Mobile's shares were up almost 4.6 percent in morning trade. Regulators told SoftBank and Deutsche Telekom a few years ago that it would not approve a merger between the third and fourth largest carriers, which is why SoftBank dropped the potential merger and waited f... [Full Article...]

Gary Taking a Shot at New Amazon HQ

Gary Taking a Shot at New Amazon HQ According to the Star: Dilkens e-mailed Gilbert, and Gilbert responded saying, "It's amusing you contacted me, I was just thinking about contacting you". The Gary mayor's office also did not respond to a question about whether it was preparing a formal bid, or just taking out the ad. Each city must submit their bids between October 16 through 19. [Full Article...]

Bank Stocks Getting a Lift on Higher Rates

Bank Stocks Getting a Lift on Higher Rates USA stocks are on a tear, repeatedly setting new records. The tech-heavy Nasdaq also eked out a positive finish, adding 0.1 percent to reach 6,454.64 points, just short of record territory. Canada has already raised interest rates twice in recent months, while the Bank of England shocked many last week by flagging its own coming increases. [Full Article...]

Woman demands removal of decorative cotton item at Hobby Lobby

Woman demands removal of decorative cotton item at Hobby Lobby The photo shows a glass vase filled with cotton stalks. "There is nothing decorative about raw cotton", Rider wrote. The woman, Daniell Rider, posted on September 14 a picture of a cotton plant in a vase sitting on the shelf at a Hobby Lobby store. [Full Article...]

Walgreens finally buys Rite Aid stores in a diminished deal

Walgreens finally buys Rite Aid stores in a diminished deal Wellington Management Group LLP now owns 32,846,862 shares of the pharmacy operator's stock worth $2,727,932,000 after acquiring an additional 1,824,300 shares during the period. Finally, Thompson Investment Management Inc. boosted its position in Walgreens Boots Alliance by 1.1% in the second quarter. The stock's quarterly performance indicates a positive momentum of 5.18 percent, whereas its las... [Full Article...]

S&P, Dow open at record highs

S&P, Dow open at record highs Rising US Treasury yields boosted financial stocks, as higher interest rates tend to lift bank profits, but rate-sensitive sectors such as utilities were the weakest. Big technology stocks such as Microsoft MSFT.O and Google parent Alphabet GOOGL.O came under pressure late in the session after Amazon said it would move to charging businesses in one-second increments for use of its servers. [Full Article...]

Equifax, Stock Price Continues To Drop In The Pre Market to $92.98

J P Morgan Chase & Co reaffirmed a "buy" rating on shares of Equifax in a report on Friday, September 8th. Zacks Investment Research cut shares of Equifax from a "buy" rating to a "hold" rating in a report on Monday, July 17th. The original version of this report can be viewed at https://www.equitiesfocus.com/2017/09/19/equifax-inc-efx-pt-raised-to-155-00.html. Additionally the company recentl... [Full Article...]

Hillary Clinton doesn't rule out questioning 2016 election

Hillary Clinton doesn't rule out questioning 2016 election You can read a transcript of Clinton's interview with NPR here. "That day, the sight of our front gate was pure relief to me", Clinton wrote . "And usually we don't need it". "The Democrats are overplaying their hand". "Some legal scholars maintain that the language in Article II of the Constitution prevents holding a presidential election again, thus putting it beyond the power of ... [Full Article...]

S&P, Dow set for record open; Fed's meeting awaited

S&P, Dow set for record open; Fed's meeting awaited Both the Dow and the S&P 500 hit intraday records in early trading, while the Nasdaq was within a few points of its own. With no new actions by North Korea over the weekend, investors pushed Europe's main share index to a six-week high. [Full Article...]

China preparing to crack down on all trading of bitcoin, says WSJ

China preparing to crack down on all trading of bitcoin, says WSJ Over the weekend, major cryptocurrency exchange platforms OKCoin and Huobi said they will halt operations by October 31. Earlier this month, Chinese regulators banned commercial exchanges trading bitcoins and other digital tokens. The price of bitcoin surged past $4,000 in trading Monday following a market slump driven by a decision by China to ban bitcoin exchanges, as well as negative commen... [Full Article...]

United States and China commit to 'maximising pressure' on North Korea

United States and China commit to 'maximising pressure' on North Korea When asked whether it was possible that such nukes might be deployed to the Korean Peninsula, Mattis said the two sides had " discussed the option ", but declined to elaborate. US President Donald Trump and his Chinese counterpart Xi Jinping discussed "North Korea's continued defiance of the worldwide community and its efforts to destabilize Northeast Asia" by phone, the White House said. [Full Article...]

Maria strengthens into risky Category 4 hurricane

Maria strengthens into risky Category 4 hurricane A "potentially catastrophic" Hurricane Maria is now a Category 5 storm, packing 160 miles per hour winds - with even higher gusts - as it nears Dominica and takes aim at the U.S. Warnings are also in effect for St Kitts and Nevis, Montserrat and St Lucia while hurricane watches are in place for St Martin, Saba, St Eustatius and Anguilla. [Full Article...]

Gold slips as equities, dollar surge ahead of Fed meet

Gold slips as equities, dollar surge ahead of Fed meet As of Friday, the probability of a December hike and as calculated today was up to 47.2 percent, up from around 31 percent only a week ago. Greg Anderson, global head of foreign exchange strategy at BMO Capital Markets in NY, said "the primary reason U.S. [Full Article...]

Comcast Holdings ZONES (NYSE:CCZ) Trading Up - Short Interest Down -27.75%

Comcast Holdings ZONES (NYSE:CCZ) Trading Up - Short Interest Down -27.75% It has outperformed by 12.26% the S&P500. Short interest decreased 3,473 over that timeframe. However, the volume average of the last three months is 19.94 million shares. Since March 20, 2017, it had 0 insider purchases, and 4 insider sales for $11.50 million activity. $303,713 worth of stock was sold by BACON KENNETH J on Thursday, May 25. [Full Article...]

College professor suspended for 'dead cops' tweet

College professor suspended for 'dead cops' tweet We recognize that the open exchange of diverse, even opposing ideas and perspectives gives strength to our institution and enriches the educational experience of our students. And even liberal politicians - such as New York City's major, Bill DeBlasio, have suggested the same. Other law enforcement officials also weighed in. [Full Article...]

Governor Walker Signs $3 Billion Foxconn Incentives Package

Governor Walker Signs $3 Billion Foxconn Incentives Package Walker signed the incentive package into law on Monday, despite opposition from Democrats who saw the tax subsidy as too generous. The governor and state legislators "are responsible for committing us to send billions to a foreign corporation instead of investing it here", said Scot Ross, head of the progressive group One Wisconsin Now. [Full Article...]

Tesco share price surges as grocer's sales recovery becomes 'more entrenched'

Tesco share price surges as grocer's sales recovery becomes 'more entrenched' Tesco ( TSCO ) enjoyed a 2.7% jump in sales, followed by Morrisons ( MRW ) at 2.3%, Sainsbury's ( SBRY ) at 2.1% and Asda at 1.5%. Despite the decrease in fall in sales of some summer products, McKevitt said the United Kingdom hasn't seen "sustained market growth of this kind" since May 2013. [Full Article...]


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