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Trump relies on 'dynamic scoring' to pay for tax cuts

But they cautioned that passing such legislation would be complicated and likely necessitate other tax hikes or spending cuts. The president and members of his cabinet argue tax reform (i.e. In the chaotic Trump administration, staffers are " blindsided " by executive orders, officials regularly release contradictory statements and the president himself is reportedly not always fully aware of major personnel shifts. Read More »

AAP's Punjab affairs in-charge Sanjay Singh resigns


The BJP has retained by huge margins all the three municipal corporations in Delhi - Municipal Corporation of Delhi ( MCD ) North, MCD South and MCD East - decimating the capital's ruling anti-corruption Aam Aadmi Party (AAP) and the country's main opposition Congress party . Read More »

Opec panel recommends 6-month extension of cuts

Attempting to prevent a further ballooning in supplies, some OPEC producers including de-facto leader Saudi Arabia as well as Kuwait are lobbying to extend the pledge to cut production beyond June. Falih, whose country is the world's largest exporter, said at an energy forum in Abu Dhabi that there was a sort of "initial agreement" on the need to extend the deal after talks in Kuwait last month. Read More »

French bonds add to election gains as markets say "Au revoir, Marine"


With 7.5 million votes, Ms Le Pen beat the National Front party's previous election record on Sunday but failed to pip pro-EU Macron to the first place. She said she believed the State should fix regulation while her rival, independent centrist Emmanuel Macron , was in favour of "total deregulation". Read More »

Traders Watch-list Stock: Banco Bradesco SA's (BBD)

The company has an average rating of "Hold" and an average price target of $10.65. Different analysts and financial institutions use various valuation methods and take into account different economic forces when deciding on a price target. This is a positive change from Banco Bradesco's previous special dividend of $0.00553. The difference between Actual EPS and Estimated EPS was -0.01 Percent. Read More »

Notable Stock Analysts Ratings Lloyds Banking Group plc (LYG)


Zacks Investment Research lowered shares of Lloyds Banking Group PLC from a "hold" rating to a "sell" rating in a research report on Friday, February 3rd. Lloyds Banking Group plc (LYG)'s distance from 200 day simple moving average is 16.32 percent, its distance from 50 day simple moving average is 6.16 percent, while its distance from 20 day simple moving average is 7.41 percent. Read More »

FCC chairman to propose reversing 'net neutrality' rules


Adopted by the FCC under its former chairman Thomas Wheeler, net neutrality regulations reclassified internet service providers (ISP) as " common carriers " under Title II of the Communications Act of 1934. Ed Markey, D-Mass., last Friday to discuss defending net neutrality. In addition to facing opposition from public advocacy groups like the Electronic Frontier Foundation , Pai's proposal will face resistance from some major technology companies. Read More »

White House to host briefing on North Korea


Officials in Seoul announced earlier Monday the Vinson is also scheduled to hold a joint training exercise with South Korean naval ships. Trump spoke about Syria, North Korea, immigration, and infrastructure spending. After the briefing with the president, reporters were told that the conversation had actually been on the record and that they were free to attribute quotes to Trump and Commerce Secretary Wilbur Ross, who was also in attendance. Read More »

Striking Factory Workers Give Cold Reception to Macron After Le Pen's Visit


Le Pen, however, is not so lucky, and is even being publicly criticized by her own father, far-right veteran Jean-Marie Le Pen, over what he believes are soft campaign tactics. come here and see you". The prospect of a Macron presidency has certainly been viewed positively in the markets, with the CAC 40 stock index in Paris surging 4.1 percent on Monday to close at 5,268.85, its highest level since early 2008. Read More »

Trump to unveil tax cut he says could be biggest ever


The first executive order Trump signed enables Treasury Secretary Steven Mnuchin to begin the process of "tax simplification". "They have done, really, in many cases, the opposite of what they were supposed to", President Trump said . But he also said that if these macroeconomic changes aren't factored in, the tax plan would grow the deficit. The debate over dynamic scoring harks back to 1980, when George H.W. Read More »

Congress Briefed on North Korea

In the past two weeks, Trump has ordered high-powered US military vessels, including an aircraft carrier, to the region in a show of force to deter North Korea from more nuclear and missile tests. Democratic Sen. Jeff Merkley, who appeared on CNN's "Erin Burnett OutFront" shortly after the briefing, said they did not learn anything about potential actions the USA could take in response to another nuclear test. Read More »

AstraZeneca Q1 upbeat on cancer drugs despite Q1 sales drop


Crestor accounted for $5bn of AstraZeneca's sales in 2015 - considerably more than any other drug in its portfolio. Sales from AstraZeneca's "growth platforms"-a collection of new drugs and faster-growing geographic regions-increased 4% to $3.57 billion from a year earlier". Read More »

Reaffirms "Neutral" Rating for Reckitt Benckiser Group Plc (RB)

Its up 0.15, from 1.15 in 2016Q3. Adirondack Research & Management Inc. owns 595,417 shares or 1.44% of their U.S. portfolio. Moreover, Brick Kyle Associate has 0.05% invested in Apache Corporation (NYSE:APA) for 975 shares. Restore PLC (LON:RST) has risen 15.30% since September 26, 2016 and is uptrending. Century Companies Inc has invested 0% in Croda International Plc (LON:CRDA). Read More »

10 things United is doing to avoid another passenger fiasco

In a report issued Thursday about the April 9 dragging incident involving a passenger on an overcrowded United Express plane, United spelled out how it selects passengers for involuntary bumping. In what may be the biggest change, the airline will now offer travelers as much as $10,000 to relinquish their seats on overbooked flights, up from $1,350, according to Bloomberg . Read More »

Stocks little changed after Trump tax plan; euro weakens on Draghi


We suspect the European Central Bank will announce late on in 2017 that it is extending its monthly asset purchases into 2018, but at a slowing rate from January rather than suddenly stopping it. The ECB chief in March labelled higher wages the "lynchpin" of increased inflation, but high unemployment in some member countries means employers still don't need to offer pay rises, as workers bargain from a weak position. Read More »

Crude Falls In Asia On Korea Tension, China GDP A Bright Spot

US gasoline stocks posted a counter-seasonal build of 1.5 million barrels, despite heavier refining activity. Brent crude futures were up 19 cents at US$55.08 a barrel at 1331 GMT, while USA crude futures were up 15 cents at US$52.56. Traders said that the gains followed comments by OPEC-members Saudi Arabia and Kuwait that an effort by the Organization of the Petroleum Exporting Countries (OPEC) and other producers, including Russian Federation, to cut output by nearly 1.8 million barrels ... Read More »

A Coke button? Trump reportedly orders Coca-Cola at push of a buzzer


The call button is meant to be used to summon an aide whenever a president needs something, and it can be moved. It's just unclear if previous presidents used it to order a glass of Coca-Cola. However, with all due respect, the lede was majorly buried, as the New York Times national security editor Amy Fiscus was kind enough to point out. Read More »

Trump proposes major tax cuts, 15% corporate rate

The financial impact of the White House tax plan will vary widely by company and business sector. Cohn and Mnuchin described the tax plan outlined Wednesday as an "opening bid", preparatory to lengthy negotiations between the White House and Congress. Read More »

American Airlines tops 1Q profit views; unveils pay boost


Labor is being paid first.again". American Airlines pilots now get an average monthly salary of between about $6,500 and $25,000, depending on years of experience, according to independent airline consultant Kit Darby. While American has taken several steps that deviate from standard industry practice - namely giving out pay increases and other incentives outside of the collective bargaining process - unions have kept up the pressure. Read More »

Teck Resources Ltd (TECK-B) Given "Outperform" Rating at Scotiabank

Teck Resources Limited declared that Teck's Board of Directors has established a new dividend policy, and in accordance with that policy Teck will pay on June 30, 2017 an initial eligible dividend of $0.10 per share on its outstanding Class A common shares and Class B subordinate voting shares, to shareholders of record at the close of business on June 15, 2017. Read More »

Asia stocks firm as markets mull Trump's tax plan


He will also propose lowering the tax rate for millions of small businesses that now file their tax returns under the individual tax code, two people familiar with the plan said. It would repeal the alternative minimum tax and the inheritance tax, lower the capital gains tax from 23.8 percent to 20 percent, kill individual deductions except for mortgage interest and charitable giving, and cut the corporate tax rate from 35 percent to 15 percent. Read More »

To widen appeal, Le Pen steps down as party leader

Meanwhile, Le Pen announced she "was no longer president of the National Front" shortly after a party official predicted she could pick up disaffected supporters of failed left-wing candidate Jean-Luc Melechon. So much so that, for the first time since the establishment of the Fifth republic, the second presidential run-off is going to be without the candidates of any traditional political party. Read More »

Trade war looms after United States tariffs and Trump's attack on Canada


But they've outsmarted our politicians for many years, and you people understand that". "On the issue of softwood lumber, the prime minister refuted the baseless allegations by the U.S. Freeland responds to a question during question period in the House of Commons on Parliament Hill in Ottawa on Thursday, April 13, 2017. "I worked in the private sector for most of my life and I think what everyone in the private sector knows is you need to treat your customers well and you should treat ... Read More »

The Enbridge Energy, LP (EEP) Price Target Cut to $20.00


It has underperformed by 33.34% the S&P500. US based company, Destination XL Group, Inc. Following the transaction, the director now owns 22,421 shares of the company's stock, valued at approximately $805,810.74. Total debt to equity ratio of the company for most recent quarter is 10.67 while Long term debt to equity ratio for same time period is 10.60. The consensus rating is 2.6, suggesting the market has given up on the stock. Read More »

Hackers targeted French presidential candidate Emmanuel Macron, cybersecurity researchers say

The Obama administration blames Russian Federation for hacking into email accounts of the Democratic National Committee and Clinton campaign chairman John Po... But there is another "ism" that has waded into the struggle, Catholicism, still the religion professed by the majority of French people. The French government's cyber security agency ANSSI confirmed the more recently discovered cyberattacks against Macron, but stopped short of drawing connections to the earlier hacking. Read More »

Rabbit dies on United Airlines flight


The rabbit, who was believed to be on his way to surpass the size of his record-holding dad, cost $350 and $1,800 to transport, Bergdale said . Edwards says Simon was bound for a "very famous" person's home. Only Hawaiian Airlines was worse at 3.99, the result of three deaths among the 7,518 animals transported. There have been 4 injuries and 9 deaths. United said it works to protect the safety of animals through its PetSafe program, which is staffed 24 hours a day and allows pet owners ... Read More »

Police raid Moscow office of group founded by Putin foe


Russia's prosecutor general has blacklisted three nongovernmental organizations, including Kremlin critic and former oil tycoon Mikhail Khodorkovsky's Open Russia, ahead of anti-government protests. "For many years, Russian authorities have relentlessly worked to create a hostile environment for civil society". Earlier today, the Justice Ministry included Open Russia NGO, Open Russia Civic Movement based in the United Kingdom and the Institute of Modern Russia (IMR) located in the ... Read More »

Maker of Ugg boots, Teva sandals may put itself up for sale


The announcement is fueling speculation that the company may be put up for sale. Telsey Advisory Group dropped their price objective on Deckers Outdoor Corp from $74.00 to $64.00 and set an "outperform" rating for the company in a research note on Friday, February 3rd. Read More »