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You be the chef': Amazon eyes move into meal-kit market

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Amazon may be entering the meal-kit market, with the company showing its hand by filing a trademark for the phrase: "We do the prep". Europe's largest meal kit service, HelloFresh, is still privately held but is reportedly planning to go public this autumn . Read More »

$7m of Ethereum was stolen with a ludicrously simple hack

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In total, CoinDash raised $7.53 million before the hack took place, CoinDesk reported. The startup said that it had secured $6.4 Million from early contributors and whitelist participants. However, in just three minutes after the token offering was live, "mplus" sent a message to the group indicating the website CoinDash.io had been hacked and was altered to include a fraudulent wallet address that is not associated with the token offering. Read More »

Nwam LLC Raises Stake in Wal-Mart Stores, Inc. (WMT)

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It has underperformed by 2.87% the S&P500. Among 23 analysts covering Comcast Corporation ( NASDAQ:CMCSA ), 19 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. They expect $1.06 earnings per share, down 0.93% or $0.01 from last year's $1.07 per share. Wal-Mart Stores, Inc. (WMT) surprised the stock market in its last reported earnings when it earned $1 a piece versus the consensus-estimated $0.96. Read More »

Rising interest rates boost Bank of America's profits

At Consumer Banking, net income was 21% higher to $2.0bn driven by a 9% rise in revenues to $8.5bn, while in Global Baking it grew 19% to $1.8bn on a 7% jump in revenues to $5.0bn. The bank warned trading revenue would be under pressure. Also, long-term interest-rates reversed and started moving lower during part of the quarter, which contributed to the lender trimming its expectations for growth in net interest income. Read More »

China defends importing iron ore from North Korea

In recent months, the region has been put on edge with a seemingly unstoppable march by the North Korean regime to develop an intercontinental ballistic missile capable of hitting the continental United States. Cho also urged the restoration of military and government hotlines across the border, which had been cut by the North a year ago in response to the South imposing economic sanctions after a nuclear test by Pyongyang. Read More »

HUL beats street estimates; posts 9% rise in Q1 net profit

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The company's profit after tax grew by 8.4% on quarter-on-quarter basis as it had reported a net profit of Rs 1183 crore in the fourth quarter of last fiscal. Ebitda for the quarter rose 14 per cent, it said. Transition to GST was swift and smooth starting from day 1, the company said. Going forward, the management expects rural demand to improve gradually. Read More »

Karp Capital Management Corp Takes Position in Rite Aid Corporation (RAD)

The Seizert Capital Partners Llc holds 267,250 shares with $4.52M value, up from 215,251 last quarter. Rite Aid Corporation has a 52-week low of $2.21 and a 52-week high of $8.77. Horizon Global Corp was reduced too. Looking out over the past year, company shares have been recorded -73.69% off the 52 week high and 4.40% away from the low over the same period.Covering sell-side analysts have recently weighed in on shares of Rite Aid Corporation (NYSE:RAD). Read More »

NA Has $2676000 Position in United Continental Holdings Inc (NYSE:UAL)

About shares traded. National Retail Properties, Inc. The stock rose 0.09% or $0.1 reaching $113.41. The overall volume in the last trading session was 2.13 million shares. Hart Gregory L had sold 3,000 shares worth $230,504. One equities research analyst has rated the stock with a sell rating, nine have given a hold rating, nine have assigned a buy rating and one has issued a strong buy rating to the company's stock. Read More »

Rio Tinto Plc (NYSE:RIO) Reviewed By Analysts

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Traders bought 2,720 call options on the stock. RIO has been the topic of a number of other research reports. Jefferies maintained Rio Tinto plc (LON:RIO) on Thursday, November 10 with "Buy" rating. Jefferies Group LLC's price target would suggest a potential upside of 15.19% from the company's current price. Finally, Parametric Portfolio Associates LLC raised its position in shares of Rio Tinto PLC by 29.0% in the first quarter. Read More »

Citigroup set to relocate European Union base to Frankfurt

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Wall Street giant Citigroup is poised to name Frankfurt as the hub of a new trading operation as it grapples with Brexit . Financial services firms need a regulated subsidiary in an EU country to offer products across the bloc, which could prompt some to move jobs out of Britain if it loses access to the European single market. Read More »

SPDR S&P Metals and Mining Sees Unusually High Options Volume (NYSEARCA:XME)

The most basic theory of this indicator is that if the price is above the cloud, the overall trend is bullish while below the cloud is bearish, and in the cloud is non-biased or unclear. Traders often add the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) to identify the direction of a trend. The ADX alone measures trend strength but not direction. Read More »

Deutsche Bank AG Begins Coverage on Gilead Sciences, Inc. (NASDAQ:GILD)

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From the opening price, the stock has seen a change of 1.62% recently clocking in with a price of $71.72. About 490,135 shares traded. Gilead Sciences (NASDAQ: GILD ) last issued its earnings results on Tuesday, May 2nd. More interesting news about Gilead Sciences , Inc. Covering sell-side analysts have recently weighed in on shares of Reynolds American Inc. Therefore 66% are positive. Read More »

Tempur Sealy International Inc (NYSE:TPX) Institutional Investor Sentiment Is 0.73

It has outperformed by 8.25% the S&P500. The lowest target is $42 while the high is $90. Alliancebernstein LP stated it has 1.23 million shares. Its up 23.26% from 11.11M shares previously. Prelude Capital Ltd stated it has 4,094 shares. Moreover, London Of Virginia has 1.69% invested in Tempur Sealy International Inc (NYSE:TPX). London Of Virginia reported 1.69% in Tempur Sealy International Inc (NYSE:TPX). Read More »

Waddell & Reed Financial Inc

Waddell & Reed Financial had a net margin of 11.90% and a return on equity of 20.88%. The New York-based Cadian Capital Management Lp has invested 2.36% in the stock. WDR's profit would be $32.82 million giving it 13.03 P/E if the $0.39 EPS is correct. Waddell & Reed Financial (NYSE:WDR) now has a trailing P/E of 11.81 while its forward P/E according to Thomson Reuters is 13.53. Read More »

Leicester's Huth set for lengthy lay-off after ankle op

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Unfortunately for the Italian club, they are still well below City's evaluation of around £50m and it will be interesting if they come back with a more realistic bid. "Robert reported back for pre-season and got into some discomfort with his ankle". "It's unfortunate for Robert but we thought the diagnosis might be worse". Read More »

PwC Forecasts UK Housing Market To Slow

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Brexit uncertainty is having a negative impact on economic growth and the housing market, according to a new report. "The local authorities that have experienced the greatest falls in house prices since 2007 are all based in Northern Ireland, while London dominates biggest risers with all boroughs experiencing price growth of over 50%". Read More »

Standard Life Indian Associate To Float 20% As Merger Fails (ALLISS)

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CNBC-TV18 learns that HDFC Life may however continue to explore merger options with Max Life. The IPO will be done through an offer-for-sale (OFS) of equity shares of up to 20 per cent of the company's paid-up and issued equity share capital by joint venture partners - Housing Development Finance Corporation and Standard Life (Mauritius Holdings) 2006 Ltd. Read More »

Ericsson Posts Q2 Loss On Weak Sales; Warns On Outlook; Stock Dips

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The company sees an increased risk of market and customer project adjustments with an estimated negative impact on operating income of SEK 3-5 billion for the coming 12 months. Adjusted earnings per share were 0.17 krona, compared to 0.83 krona a year ago. Operating income, excluding restructuring charges was SEK 0.3 b., with a YoY decline in all segments. Read More »

Ocean Rig Udw Inc (ORIG)

The Market Cap of the company is $27.29 Million. The stock, after opening at $0.12, closed at $0.200 by scoring 66.50%. The firm has a 50 day moving average price of $0.20 and a 200-day moving average price of $0.79. Beta factor was calculated at 1.73. ValuEngine downgraded Ocean Rig UDW from a "buy" rating to a "hold" rating in a research note on Friday, June 2nd. Read More »

USA dollar rises despite doubts on Fed rate hike

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Since hitting a 14-year peak of 103.82 on January 3, at 94.830 on Tuesday, the dollar index was down 8.8 percent. Two more Republican Senators, Jerry Moran and Mike Lee , announced their opposition late on Monday to a revised Republican healthcare bill, leaving efforts to pass the legislation in chaos. Read More »