Business

Fed announces $10 billion start to paring its bond holdings

Fed announces $10 billion start to paring its bond holdings They now expect there will likely be two hikes, down from three. The Fed's policymaking committee approved its action on a 9-0 vote after ending its latest meeting. That would require five of the 16 Fed officials participating in this week's two-day meeting to shift their rate projections lower to change a median that was 1.375 percent as of June, a quarter point above the current target of arou... [Full Article...]

Tesla partners with AMD/GloFo for self driving auto AI processor

Tesla partners with AMD/GloFo for self driving auto AI processor Even though this news has just come to light a few hours ago, the collaboration must have been going on for some time as it has already seen some progress. If tests prove successful it would mean Tesla would have greater vertical integration, with its own tech in the AI processor, rather than being so reliant upon Nvidia GPUs. [Full Article...]

Federal Reserve to review monetary policy settings

Federal Reserve to review monetary policy settings The massive amount of assets was accumulated by the Fed in the wake of the 2007/2008 financial crisis , and under a program called "quantitative easing" (QE), meant to spurr economic activity in the United States. The central bank had been waiting for the economy to stabilize to sell off these assets. "To me, that is profound to hear from a Fed chair", she told "Closing Bell". [Full Article...]

Investors Sell Shares of Wal-Mart Stores, Inc. (WMT) on Strength (WMT)

Investors Sell Shares of Wal-Mart Stores, Inc. (WMT) on Strength (WMT) Evanson Asset Management LLC purchased a new position in shares of Wal-Mart Stores in the 1st quarter worth about $223,000. Therefore 49% are positive. (NYSE:WMT) have investors on high alert. Moreover, Partnervest Advisory Limited Liability Corporation has 0.14% invested in Wal-Mart Stores Inc (NYSE:WMT) for 4,523 shares. [Full Article...]

Pakistan summons Swiss envoy over anti-Pakistan posters

Pakistan summons Swiss envoy over anti-Pakistan posters Rabbani's remarks came after Law Minister Zahid Hamid gave a policy statement in the Upper House of Parliament about the protest lodged with Switzerland over appearance of several anti-Pakistan posters on a road to the United Nations offices in Geneva. [Full Article...]

ACCC's Federal Court win derails Tabcorp-Tatts merger

ACCC's Federal Court win derails Tabcorp-Tatts merger The proposed merger was cast into doubt on Wednesday afternoon following a successful appeal against the ACT decision by the Australian Competition and Consumer Commission. The tribunal is a court-affiliated body that balances public benefits of proposed transactions against likely detriments, which differs from the ACCC test, which looks more narrowly at whether a merger or acquisition would redu... [Full Article...]

Vetr Inc. Downgrades JP Morgan Chase & Co (NYSE:JPM) to Hold

Intersect Ltd Liability Co invested 0.3% in JPMorgan Chase & Co. On a similar note, analysts expect EPS of $1.69 in September 2017 quarter and $1.7 in December 2017 quarter, representing 6.96% and -0.58% growth, respectively. This works out to an increase of 10.34% compared to last year's earnings. The firm's revenue for the quarter was up 4.6% compared to the same quarter previous year. [Full Article...]

FedEx cuts profit outlook on $300m blow from cyberattack

FedEx cuts profit outlook on $300m blow from cyberattack Cowen and Company reissued a buy rating and issued a $240.00 price objective on shares of FedEx Corporation in a research note on Tuesday, July 11th. If you are viewing this report on another publication, it was illegally stolen and republished in violation of United States & global copyright laws. [Full Article...]

Targa Resources, Inc. (NYSE:TRGP) Short Interest Down -12.39% - Currently Trading Up

Targa Resources, Inc. (NYSE:TRGP) Short Interest Down -12.39% - Currently Trading Up About 832,498 shares traded. The value of the investment in TRGP increased from $44,864,000 to $50,857,000 a change of 13.4% quarter over quarter. Targa Resources, Inc. Therefore 74% are positive. Targa Resources, Inc. had its "buy" rating reiterated by analysts at Jefferies. The rating was maintained by RBC Capital Markets on Sunday, August 20 with "Buy". [Full Article...]

Wall St opens flat as investors await Fed decision

Rising bond yields in anticipation of the Federal Reserve policy review pushed bank shares higher while strength in oil prices helped crude producers. As a result, the yield on the benchmark ten-year note, which moves opposite of its price, rose by 3.4 basis points to a one-month closing high of 2.277%. [Full Article...]

Dow, S&P 500 end at records as Fed decision lifts bank stocks

The Dow Jones Industrial Average gained 39.45 points, or 0.18 per cent, to 22,370.80. The wider S&P 500 closed at 2,508.24, up 1.59 points or 0.06%. It's illogical to think that quantitative easing would help markets but quantitative tightening won't hurt. It is going to make us tremble", said John Manley, chief equity strategist at Wells Fargo Funds Management. [Full Article...]

Atletico's new stadium to host 2019 Champions League final

Atletico's new stadium to host 2019 Champions League final Estadio Metropolitano's first game was played on Sunday (AEST), with Atletico winning 1-0 at home to Malaga in LaLiga. Real Madrid's Bernabeu Stadium has staged European Cup finals in 1957, 1969, 1980 and 2010. UEFA has confirmed that Atletico Madrid 's Wanda Metropolitano stadium has been chosen to host the 2019 Champions League final. Back in September, UEFA revealed that the 70,000 seater ... [Full Article...]

Wall St opens little changed; Fed takes centre stage

The major averages eventually ended the session mixed, with the Dow and the S&P 500 rising to new record closing highs. The Dow is up 19.35 points or 0.1% at 22,350.70, the Nasdaq is up 4.19 points or 0.1% at 6,458.83 and the S&P 500 is up 1.38 points or 0.1% at 2,505.25. [Full Article...]

Analysts Anticipate Chevron Corporation (CVX) to Announce $0.85 EPS

Looking at the other side of the coin, CVX traded as low as $97.68 in the past 52 weeks, and since then the shares have risen 17.93% or $17.51. M Holdings Securities Inc. Chevron Corporation (CVX ) is an interesting player in the Basic Materials space, with a focus on Major Integrated Oil & Gas. The investment professionals in our partner's database reported: 1.17 billion shares, up from 1.13 bi... [Full Article...]

Energy Transfer Partners, LP (ETP) Raising Eyebrows Among Investors

On average, equities analysts forecast that Energy Transfer Equity, L.P. will post $1.30 EPS for the current fiscal year. In this case, shares are 4.31% higher from $17.85, the worst price in 52 weeks suffered on August 21, 2017, but are collecting gains at -19.57% for the past six months. [Full Article...]

Global markets edge up ahead of Trump speech, Fed meeting

U.S. Defense Secretary Jim Mattis hinted on Monday about the existence of military options on North Korea that might spare Seoul from a brutal counterattack. CENTRAL BANK WATCH: In Europe, investors are monitoring a speech by Bank of England Governor Mark Carney for confirmation that the bank expects to raise interest rates in coming months for the first time in a decade. [Full Article...]

Walmart Says They Won't Hire Seasonal Employees this Holiday Shopping Season

Walmart Says They Won't Hire Seasonal Employees this Holiday Shopping Season Walmart says it will not be hiring extra workers for this year's holiday shopping season. "These associates are dedicated to helping customers get through the stores faster by finding the shortest checkout line, opening registers as needed and will even quickly grab items customers might have forgotten", McKenna said. [Full Article...]

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) Surges 21.27% in Pre-session

Alnylam Pharmaceuticals, Inc. (NASDAQ:ALNY) Surges 21.27% in Pre-session Checking up on some historical performance on shares of Royal Gold, Inc. They expect $-1.18 earnings per share, up 2.48% or $0.03 from last year's $-1.21 per share. Equities analysts anticipate that Alnylam Pharmaceuticals will post ($5.19) EPS for the current year. Analysts have given a mean recommendation of 2.20 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "s... [Full Article...]

Equifax Has Been Pointing People to a Knockoff Phishing Site

Equifax Has Been Pointing People to a Knockoff Phishing Site Agents are only doing this because Equifax's site with information about the hack isn't good to begin with. Gizmodo has reported that as of early Wednesday afternoon, the remaining seven tweets directing consumers to the wrong site, were still live. [Full Article...]

TSX up 87 points in midafternoon trading; dollar rises

TSX up 87 points in midafternoon trading; dollar rises The Toronto Stock Exchange'sS&P/TSX composite index touched its highest level since June 12, ending up 96.63 points, or 0.63 percent, to 15,389.60 with materials the index's only major group to lose ground. Markets are pricing in a 58-percent probability of the Fed raising rates in December, according to the CME Group's FedWatch tool. At the close in Toronto, the rose 0.63% to hit a new 3-months... [Full Article...]


« Previous 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 55 56 57 58 59 60 61 62 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 80 81 82 83 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 108 109 110 111 112 113 114 115 116 117 118 119 120 121 122 123 124 125 126 127 128 129 130 131 132 133 134 135 136 137 138 139 140 141 142 143 144 145 146 147 148 149 150 151 152 153 154 155 156 157 158 159 160 161 162 163 164 165 166 167 168 169 170 171 172 173 174 175 176 177 178 179 180 181 182 183 184 185 186 187 188 189 190 191 192 193  Next »