Economy

Nigeria Manufacturing PMI Hits 55.9 Points in November

Nigeria Manufacturing PMI Hits 55.9 Points in November A reading greater than 50 indicates growth of the sector, while a reading below 50 signals a contraction. A higher rating means that trends are expected to improve, while a PMI rating below 50 points indicates that many think they will deteriorate. [Full Article...]

SA Premier Alex Weatherill flicks switch on world's biggest lithium battery

SA Premier Alex Weatherill flicks switch on world's biggest lithium battery Tesla says the battery has the capacity to power 30,000 homes for up to an hour in the event of a severe blackout, but is more likely to be called into action to boost supply during peak demand periods. The clock started ticking when the official contract was signed in September. "Musk has set a benchmark on how quickly you can install and commission a battery of this size", Ali Asghar, a BNEF s... [Full Article...]

New (WFC) Holder Davis Capital Partners LLC Upped Holding by $4.95 Million

New (WFC) Holder Davis Capital Partners LLC Upped Holding by $4.95 Million The total dollar value of all 4.93 billion outstanding shares is 279.16 billion. Avista Corporation (NYSE:AVA) has risen 5.40% since November 30, 2016 and is uptrending. 3,498 were reported by Waldron Ltd Partnership. Van Eck invested in 0.17% or 546,062 shares. Eaton Vance Mngmt holds 2.14% or 14.68 million shares. Wharton Business Group Incorporated Limited Liability invested in 68,154 shares. [Full Article...]

N-Out Burger coming to Colorado Springs

N-Out Burger coming to Colorado Springs In-N-Out Burger is coming to Colorado. In-N-Out Burger, a California-based burger joint, is in the early stages of planning to build a production facility and distribution center in Colorado Springs. It will be the first time the chain known for its Animal Style burgers, fries and shakes will be in Colorado. The company has built a cult following from its approach to delivering fresh food to l... [Full Article...]

Applebee's® Has $1 Long Island Iced Tea the Entire Month of December

Applebee's® Has $1 Long Island Iced Tea the Entire Month of December Since the holidays are stressful you can now get L.I.T. for an cheap deal. The restaurant is calling it the "drink of the month", according to a post on its Facebook page, and is offering the drink through December. Alongside the announcement, Applebee's reminded people to "please drink responsibly". If you're a fan of below average chain restaurants and drinking sugary, boozy beverages, Apple... [Full Article...]

Verizon launching 5G wireless broadband in 2018, first up is Sacramento

Verizon launching 5G wireless broadband in 2018, first up is Sacramento Camarda Financial Advisors LLC now owns 3,749 shares of the cell phone carrier's stock valued at $167,000 after buying an additional 382 shares during the period. Verizon Communications (NYSE:VZ) last announced its quarterly earnings data on Thursday, April 20th. As traders, we are more interested to take part in strong moves and don't join moves that show weakness - or we may even watch for an... [Full Article...]

Dow blows past 24000 for the first time ever

Dow blows past 24000 for the first time ever The Senate was due to begin voting on amendments to the bill later on Thursday, with a final vote late in the evening or early Friday. The 30-member index has crossed four similar 1,000-point milestones this year on the back of strong corporate earnings, robust economic data and hopes that President Donald Trump's tax plan would make headway. [Full Article...]

US Commerce Dept 'self-initiates' dumping probe of Chinese aluminum

US Commerce Dept 'self-initiates' dumping probe of Chinese aluminum U.S. aluminum imports from China in 2016 were valued at just US$603.6 million, according to the Commerce Department. "President Trump made it clear from day one that unfair trade practices will not be tolerated under this administration, and today we take one more step in fulfilling that promise", Ross said in the statement. [Full Article...]

Crescent Pt Energy (CPG) and Barnes & Noble (BKS) Where Headed Next?

Crescent Pt Energy (CPG) and Barnes & Noble (BKS) Where Headed Next? Shares of Barnes & Noble ( NYSE BKS ) opened at $7.55 on Wednesday. The company's shares have dropped more than 45 per cent in the past 12 months. Taking a look at insider trading at Barnes & Noble, Inc. The company now has a Return on Equity of 0% and a Return on Investment of 4.6%. Its sales at established stores fell 6.3 per cent, with the company attributing half of that decline to the sal... [Full Article...]

Thousands of American Airlines holiday flights without pilots

Thousands of American Airlines holiday flights without pilots A failure in American Airlines' pilot schedule bidding system has resulted in thousands of flights now not having pilots assigned to fly them during the upcoming holiday travel period, says the Allied Pilots Association (APA ), a union representing pilots for the airline. [Full Article...]

India posts stronger growth as businesses adjust to new tax

India posts stronger growth as businesses adjust to new tax The economic activities which registered growth of over 6% in Q2 of 2017-18 over Q2 of 2016-17 are manufacturing, electricity, gas, water supply & other utility services, trade, hotels, transport & communication and services related to broadcasting. [Full Article...]

Buffalo Wild Wings Holding On To Strong Gain After Initial Jump

Buffalo Wild Wings Holding On To Strong Gain After Initial Jump Roark will pay $157 a share in cash, a 34-per cent premium to Buffalo Wild Wings' 13 November closing price, the day before Roark's initial bid of around $150 was reported by the media. The business's revenue was up.5% on a year-over-year basis. research analysts forecast that Buffalo Wild Wings will post 4.97 EPS for the current fiscal year. [Full Article...]

Rupee trades lower against U.S. dollar ahead of GDP, fiscal deficit data

Rupee trades lower against U.S. dollar ahead of GDP, fiscal deficit data The BSE mid and small cap indices also lost up to 0.17 per cent. The dollar index, which measures the United States currency's strength against major currencies, was trading at 93.243, up 0.08%, from its previous close of 93.164. Domestically, investors were wary ahead of the GDP data, with analysts expecting growth to have picked up as businesses started to overcome teething troubles after the ... [Full Article...]

AT&T delays Time Warner closing to April 2018

AT&T delays Time Warner closing to April 2018 It said AT&T would have the "incentive and ability" to charge rivals "hundreds of millions of dollars more" for the right to distribute content from major Time Warner properties including HBO and CNN. The government argues that AT&T's acquisition of Time Warner is illegal because AT&T would "use its control of Time Warner's popular programming as a weapon to harm competition". [Full Article...]

British people are asked to draw the Irish border

British people are asked to draw the Irish border Well, the Conservatives and the Unionists are back in coalition now, and another war is brewing on the border between Northern Ireland and the Republic. Not all the militants of the IRA will pick up their guns again, but some nearly certainly will. Not just financially but indeed a higher cost over many, many years. [Full Article...]

Oil Pulls Back Amid Smaller Inventory Build (USO)

Oil Pulls Back Amid Smaller Inventory Build (USO) [Full Article...]

Uber's third-quarter net loss widens to $1.46 billion

Uber's third-quarter net loss widens to $1.46 billion SoftBank has formally started its process of acquiring a significant stake in Uber with an offer to purchase shares valued at $48 billion, much below the $70 billion valuation that the ride-hailing company garnered in its last round of fund-raising, two people briefed on the matter said. [Full Article...]

Nasdaq plans to launch Bitcoin futures in first half 2018

Nasdaq plans to launch Bitcoin futures in first half 2018 Earlier in 2017, anticipating increased interest in cryptocurrency trading, TradeStation added support for real-time market data for CME's two bitcoin indices - the CME CF Bitcoin Reference Rate and the CME CF Bitcoin Real Time Index . Bitcoin is known for wild swings based on regulatory actions and moves by the financial industry either to embrace or rail against the digital currency. [Full Article...]

US GDP Growth Revised Upward By More Than Expected To 3.3%

US GDP Growth Revised Upward By More Than Expected To 3.3% The Bureau of Economic Analysis of the U.S. Department of Commerce today announced it has adjusted the real gross domestic product to have grown at 3.3 percent in the third quarter of 2017, seasonally adjusted. Spending on structures declined by 6.8 percent at the annual rate-the source of much of the easing in nonresidential investments for the quarter. Meanwhile, the worldwide economy has also... [Full Article...]

BuzzFeed to lay off 100 staffers in major reorganization

BuzzFeed to lay off 100 staffers in major reorganization The Journal reported earlier this month that BuzzFeed - one of the most high-profile digital media operations which has been expanding globally - had delayed plans for a public share offering and would miss its revenue target of Dollars 350 million by 15 to 20 per cent. [Full Article...]


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