Thursday, 23 May 2019
Latest news
Home » Finance


Stocks sink as investors seek safety after weak sales data


Asian stocks were mixed Wednesday following Wall Street's tech-driven rise as investors waited for word from the U.S. Federal Reserve on a possible interest rate hike. Video game seller GameStop gave up 62 cents, or 2.8 percent, to $21.36 and electronics retailer Best Buy lost 51 cents to $57.34. That is one reason there has been little inflation in the economy lately, a continued concern for Federal Reserve policymakers. Read More »

Clippers 'Closing In' On Building New Stadium In Inglewood

The proposed new arena would not be at the under-construction entertainment district at the former Hollywood Park race track site, where an National Football League stadium is being built for the Rams and Chargers. They are the only tenant at Staples Center without a championship banner or a retired jersey. The Staples Center lease for the Clippers doesn't end until 2024, but Ballmer is already on the prowl for a new change of scenery. Read More »

How Analysts Feel About Auto Trader Group PLC (LON:AUTO)?

The stock of Arrow Global Group PLC (LON:ARW) has "Overweight" rating given on Wednesday, September 21 by JP Morgan. Goldman Sachs maintained the shares of ADM in report on Thursday, September 24 with "Neutral" rating. The company has market cap of $7.52 billion. It has a 16.12 P/E ratio. The Company's business activities can be divided into three broad phases: Origination and underwriting, Asset management and Repayment-hybrid collections mode. Read More »

Twenty-First Century Fox, Inc. (FOXA)- Performance Assessment Buzzers on Charts

The share price has moved forward from its 20 days moving average 3.48% and positively from its 50 days moving average 6.31%. Twenty-First Century Fox, Inc .'s short ratio is at 1.84 and the float short is at 1.27%. Intermolecular, Inc. provides thin film solutions. As per Wednesday, February 3, the company rating was maintained by Topeka Capital Markets. Examples of analysis performed within this article are for demonstration purposes only. Read More »

US attorney general dodges Trump questions, angering Democrats

Attorney General Jeff Sessions is sworn-in on Capitol Hill in Washington , Tuesday, June 13, 2017 , prior to testifying before the Senate Intelligence Committee hearing about his role in the firing of James Comey , his Russ. "I was your colleague in this body for 20 years", Sessions said. In his opening remarks, Sessions cited Justice Department's "longstanding policy" and insisted it was his duty to "protect confidential communications with the President". Read More »

Fed expected to raise rates today


The Fed also laid out plans to pare back its $4 trillion balance sheet this year. The announcement that the Fed plans to begin paring its balance sheet later this year - "provided that the economy evolves broadly as anticipated" - involves its enormous portfolio of Treasury and mortgage bonds. Read More »

Fed raises rates and outlines balance sheet reduction plan


Although monthly job gains have moderated, they still have been solid, while household spending and business investment has been expanding, the statement said. Fed futures markets now put the chances for another rate increase this year to below 50 percent. "However, the Federal Reserve should be mindful of the lower than expected rate of inflation and the consequent low interest rates on long-dated bonds, like 10-year Treasury and 30-year mortgage rates". Read More »

GOP congressman, Capitol police, others wounded in shooting

He said Mr Scalise was "badly injured " but in stable condition, adding that two of the wounded were congressional staffers. Hodgkinson was a member of many anti-Republican groups on Facebook including "The Road to Hell Is Paved With Republicans", "Terminate The Republican Party ", and " Donald Trump is not my President", his profile showed before it was taken down. Read More »

'Cooling Food Inflation To Pull June CPI To Sub-2 Per Cent'


United Kingdom inflation for last month increased to 2.9%, reaching the highest level since June 2013 and surpassing 2.7% estimated by economists. Core inflation, which removes food and energy from the equation, was up 0.1% in May and rose 1.7% over the last 12 months. Read More »

Wall Street sees Fed announcing balance sheet shrinkage in September


Prior to the 2008 financial crisis, the Fed's balance sheet totaled under $1 trillion. U.S. bond yields climbed as high as 2.6% in December as markets grew optimistic that the Trump administration's proposals for tax reforms and infrastructure spending would provide a boost to the economy and raise inflation . Read More »

Texas Congressman Joe Barton Reacts To Shooting At Congressional Baseball Practice


Steve Scalise , a member of leadership who routinely have security, was on the field. "My other son, Brad, was in the batting cage and he also was courageous", he said. Hodgkinson was a Bernie Sanders supporter , and the Vermont senator later said he was "sickened" by the violent act. Barton also spoke about the way the public views members of Congress, lamenting that "members are not looked as people anymore" and expressing hope that that view could change. Read More »

Deadly, Massive Fire Destroys London Apartment Tower

London Mayor Sadiq Khan said on Twitter that a major incident had been declared. Twelve people have died after a huge fire destroyed a tower block in west London with the death toll expected to rise further, authorities have said. Mrs May said she was deeply saddened by the loss of lives. "Loads of people haven't got out", the 55-year-old said. London Fire Brigade said the cause of the fire is still being investigated, but several residents reported one man had said it ... Read More »

Once Again, Senators Try to Cut Off Kamala Harris

Sessions recused himself on March 2 from the FBI's investigations of Russian meddling in the election and any improper ties between the Trump campaign and Russian authorities, notes the Los Angeles Times . "Further, I have no knowledge of any such conversations by anyone connected with the Trump campaign", Sessions said. Sessions said he had confidence in special counsel Robert Mueller , and said that his recusal from the Russian Federation probe would stop him taking part ... Read More »

Caution on United Kingdom economy as inflation hits four-year high

The Central Statistics Office (CSO) revised upwards the IIP growth figure for March to 3.75 percent from provisional estimate of 2.7 percent released last month. Amit Kara, head of United Kingdom macroeconomic forecasting at National Institute for Economic and Social Research (NIESR) said: "We expect inflation to rise further over the course of this year and to reach a peak in the final quarter of 2017". Read More »

Fed hikes key rate and unveils bond trimming plans


Yellen's term ends next February. The markets regarded the increase in interest rates as a dovish hike, according to ANZ economist Giulia Lavinia Specchia in a Thursday morning note. It is likely to sell off to a level above its pre-financial crisis holdings, when it had less than $1 trillion. The rating agency said its fed funds rate forecasts also reflect scepticism regarding the idea that the equilibrium (or "natural") USA real interest rate has fallen close to zero. Read More »

Fed raises key rate and unveils plan to reduce bond holdings

The Fed's preferred measure of underlying inflation has retreated to 1.5 percent, from 1.8 percent earlier this year, and has run below the central bank's 2 percent target for more than five years. "A return to a positive term premium of 50bp-100bp as the QE programme is unwound would see long-term US bond yields normalise at 4%-5% given our estimates of the equilibrium Fed Funds rate", it said. Read More »

Premier League fixtures: Arsenal target return to Champions League places

Newcastle United are preparing for their return to the Premier League , so perhaps a move for the Manchester United defender should be on their radar. West Ham finish their campaign on Sunday, May 13 when Everton are the visitors (3pm). Liverpool always eagerly anticipate their fixture at Old Trafford, but they'll have to wait until March to visit Manchester United , hosting them in October. Read More »

Fed Raises Key Interest Rate For The Fourth Time Since 2015

Bond yields didn't move much after the Fed's announcement at 2 p.m. Certainly, this week's rate hike came as no surprise to the money and bond markets. And it's a sign that the central bank believes the US economy is on solid ground. "Instead of changing their forecasts materially at the June meeting, we expect more substantive changes in the September meeting after more data become available". Read More »

Why the Fed is likely to raise rates

Policy makers agreed to raise their benchmark lending rate for the third time in six months, maintained their outlook for one more hike in 2017 and set out some details for how they intend to shrink their $4.5 trillion balance sheet this year. Read More »

Congressman Scalise in critical condition after shooting

Our thoughts and prayers are with him ". A 66-year-old IL man has been identified as the suspect in the shooting of a congressional baseball practice Wednesday, injuring at least one member of the House of Representatives. They were in good spirits despite the heat and humidity as they prepared for the congressional baseball match that pits Republicans against Democrats . Read More »

US consumer prices dip 0.1 percent in May


Labor Department said Wednesday that the consumer price index edged down 0.1% last month following a small 0.2% increase in April. "From out of nowhere we have now had three months of unusual weakness in underlying prices", said Paul Ashworth , chief economist at Capital Economics . Read More »

Apple Updates Most of MacBook lineup with Kaby Lake

The application dock at the bottom of the iPad's home-screen will function more like it does in MacOS being available anytime with a swipe, including recent apps and offering a control hub for upgraded multi-tasking functionality. Belkin's Apple Pencil stand costs $30. The iPad Pro is a more frequent companion when I'm working in town at client offices or in cafes. It's unlikely we'll see one until the first final iOS 11 version rolls out. Read More »

Amazon Prime Reload rewards customers for buying with gift card balance


With credit cards, you generally can dispute charges for purchases that you're dissatisfied with, even if the merchant doesn't grant a refund. As seems the norm with Amazon , this new scheme is now USA limited (see the terms of the programme here , you need a United States bank account) but it seems possible that it may head across the pond. Read More »

FOMC Surprises No One and Hikes Interest Rates


Fed officials have concluded that the economy, now entering its ninth year of expansion, no longer needs the ultra-low borrowing rates they supplied beginning in the Great Recession. "Today's rate increase by the Fed reflects the continued strength and progress of the USA economy", said Tony Bedikian, head of global markets at Citizens Bank. Read More »

Voyant International Corp (VOYT) Price Moves Above the Cloud

Systematic Financial Management Lp bought 1,863 shares as the company's stock declined 9.11% while stock markets rallied. Over the last three months, insiders have purchased 316 shares of company stock valued at $368,408. 26/07/2016 - Greencore Group had its "Hold" rating reiterated by analysts at Shore Capital. The rating was upgraded by Credit Suisse on Thursday, January 12 to "Outperform". Read More »

Stock Volume Ramping Up Mid-Session: Emerson Electric Co. (NYSE:EMR)

The stock of Crown Crafts, Inc. The firm has "Buy" rating by Citigroup given on Thursday, January 21. Its up 36.36% from 10.63 million shares previously. Stonebridge Cap Management has 283,469 shares. Cbre Clarion Securities Llc owns 4.25 million shares or 2.71% of their U.S. portfolio. Marshwinds Advisory Co. Read More »

Analysts Opinions on: Wells Fargo & Company


The stock declined 2.90% or $7.58 reaching $253.84 on the news. About 41,950 shares traded. Rhumbline Advisers has invested 1.08% of its portfolio in Wells Fargo & Co (NYSE: WFC ). It also increased its holding in Intercontinental Exchange In (NYSE:ICE) by 108,823 shares in the quarter, for a total of 136,660 shares, and has risen its stake in Starbucks Corp (NASDAQ:SBUX). Read More »

Today's Brokerage Rating: NeuStar, Inc. (NSR), The Walt Disney Company (DIS)

Disney Walt Co Disney Com now has $164.96B valuation. Also, Chairman Robert A. Iger sold 797,578 shares of Walt Disney Company (The) stock in a transaction on Friday, June 9th. Stuart Chaussee & Associates Inc. now owns 1,123 shares of the entertainment giant's stock worth $127,000 after buying an additional 225 shares during the period. Read More »

JP Morgan Chase & Co (JPM) Receiving Somewhat Favorable Media Coverage, AlphaOne Reports

News stories about J P Morgan Chase & Co (NYSE: JPM ) have trended somewhat positive recently, according to Alpha One. The Msdc Management Lp holds 75,000 shares with $6.47M value, down from 250,000 last quarter. Twitter, Inc. (TWTR) earnings have declined with an annualized rate of -13.5% over the last 5 years. (NYSE:SRCI) now have an ABR of 1.33.which is marked on a basic 1 to 5 scale, where 1 stands for a Strong Buy and 5 represents Strong Sell. Read More »

London fire: Massive flames engulf 27-storey tower block

Local residents and businesses are opening mosques, fitness centers and their own homes for people in need of shelter and showers. Residents claimed no fire alarm sounded and there was no central sprinkler system. "And it was just spreading like wildfire". The company that manages Grenfell Tower was ordered to make safety improvements to two other tower blocks after a serious blaze in 2015 , it emerged today. Read More »

Fox News Channel Jettisoned "Fair & Balanced" Tag For "Most Watched-Most Trusted"


Fox News retracts fake news - what took so long? Fox News will no longer bill itself as 'fair and balanced, ' it was learned on Wednesday. According to an insider familiar with the tagline change - which occurred almost a year ago without public notice - the slogan will be used in promotional materials, but won't affect the network's editorial stance or mission. Read More »

Hodgkinson, identified as GOP baseball practice shooter?

Brooks said he was in the on-deck circle when the first shots were fired, and he and others took cover in one of the dugouts. Colleagues said Scalise dragged himself away from the infield leaving a trail of blood as they rushed to his assistance. Read More »