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BMW, China's Great Wall in possible EV joint venture

It appears that MINI production is about to venture into China for the first time, if a report by Bloomberg is to be believed. The stock jumped 14% on Wednesday after www.iautodaily.com, a Chinese website, reported Great Wall and BMW would set up a joint venture in China and were selecting a venue to build a manufacturing plant. Read More »

BofA Posts Best Profit in 6 Years as Rising Rates Lift Revenue


Capital Management Corp VA boosted its position in Bank of America Corporation by 0.3% in the 2nd quarter. Average next regular session additional gain: 1.5%. The sale was disclosed in a document filed with the SEC, which is available at the SEC website . After a recent check, it is observed that the insiders for the firm now own 0.13% shares. Read More »

The Goodyear Tire & Rubber Company (GT) Earns "Buy" Rating from KeyCorp


The firm has "Hold" rating by Jefferies given on Friday, February 24. GT's revenue has declined at an average annualized rate of about -7.8% during the past five years. It has outperformed by 4.02% the S&P500. Since May 9, 2017, it had 0 buys, and 2 sales for $441,332 activity. Hedge funds and other institutional investors have recently bought and sold shares of the business. Read More »

Technical Analysis Perspective: Gilead Sciences, Inc. (GILD), Spherix Incorporated (SPEX)


About shares traded. Gilead Sciences, Inc. It has underperformed by 11.43% the S&P500. Summit Securities Group Llc decreased its stake in Gilead Sciences Inc (GILD ) by 81.18% based on its latest 2017Q2 regulatory filing with the SEC. Gilead Sciences Inc. was covered by a number of analysts recently, 5 rated the stock as Buy, 14 rated Hold, 0 rated sell and 0 gave an Underperform. Read More »

Uber files appeal against Transport for London

Transport for London (TfL) shocked the Silicon Valley firm last month by deeming it unfit to run a taxi service and refusing to renew its license, citing its approach to reporting serious criminal offences and background checks on drivers. Read More »

Jefferies Group Analysts Increase Earnings Estimates for Wells Fargo & Company


It was reported on Oct, 12 by Barchart.com . It also upped Ecolab Inc (NYSE:ECL) stake by 30,055 shares and now owns 2.76 million shares. Delphi Management Inc Ma has invested 2.68% in Wells Fargo & Co (NYSE: WFC ). The firm has "Overweight" rating given on Tuesday, January 3 by Barclays Capital. The rating was downgraded by Bank of America on Thursday, January 12 to "Underperform". Read More »

Citigroup Q3 Profit Up 8%, Results Beat View

Analysts had expected $1.32 a share. Firm-wide, Citi had revenues of $18.17 billion in the quarter up from $17.76 billion in the period a year earlier, beating analysts' expectations. While Citi's trading desks focus heavily on bond and currency trading, it was the bank's other trading desks that stood out. JPMorgan's markets revenue is likely to drop again in the fourth quarter because the year-ago period was strong, Chief Financial Officer Marianne Lake said on a conference call with ... Read More »

Alphabet Inc (GOOGL) Receives Buy Rating from Jefferies Group LLC

The institutional investor owned 20,965 shares of the information services provider's stock after selling 135 shares during the period. Burney holds 1,407 shares or 0.08% of its portfolio. and worldwide copyright & trademark laws. ( GOOGL ). Moving averages have the ability to be used as a powerful indicator for technical stock analysis. Read More »

Crude Oil Prices Move Lower with US Inventory Data in Focus

Analysts and traders were expecting the from the U.S. Energy Information Administration due later Thursday to show a decline in crude stockpiles for the week ended October 6. The agency forecast that 2018 crude oil output will rise by 680,000 barrels per day (bpd) to 9.92 million bpd. Carsten Fritsch, commodities analyst at Commerzbank in Frankfurt, said the tone of the IEA report was bearish because it suggested that demand for OPEC crude next year would not be sufficient to absorb all the ... Read More »

Tesla recalls 11000 Model X over faulty rear seats


Tesla says it has no reports of any injuries arising from the issue, and says it found the problem during internal testing. Tesla says that around 3 percent of Model Xs are likely to have the improperly tightened cable, but the electric auto firm wants to inspect all 11,000 vehicles built with that second-row setup. Read More »

$1.50 EPS Expected for Digital Realty Trust, Inc. (DLR)

Digital Realty Trust had 60 analyst reports since July 31, 2015 according to SRatingsIntel. As per Friday, July 21, the company rating was maintained by Stifel Nicolaus. About 801,878 shares traded. (NYSE:DLR) has risen 23.90% since October 11, 2016 and is uptrending. It has underperformed by 13.10% the S&P500. After $0.39 actual earnings per share reported by First Industrial Realty Trust, Inc. Read More »

Samsung predicts record profits for third quarter as memory business booms


Samsung said its July-September profit was likely 14.5 trillion won ($12.81 billion), compared with an average forecast of 14.3 trillion won from a Thomson Reuters survey of 20 analysts. Samsung raked in 8.03 trillion won from the chip business in the April-June period in operating profit, along with 4.06 trillion won from the mobile arm. Read More »

U.S. bombers fly over Korean Peninsula in 1st night joint training drills


The warplanes conducted bombing simulations in the seas off both sides of the peninsula and flew across the territory in a almost three-hour mission, according to the Joint Chiefs of Staff. "This should have been taken care of long ago." he said. Chad Hardt, commanding officer. Earlier this week news came out that the United Kingdom, a key US ally and NATO member, has been drawing up military plans for a potential armed conflict with North Korea. Read More »

Caxton Associates LP Buys New Holdings in Domino's Pizza Inc (DPZ)

Credit Suisse Group reaffirmed an "outperform" rating and set a GBX 365 ($4.80) target price on shares of Domino's Pizza Group PLC.in a research report on Friday, August 11th. The company rocked its 52-Week High of $221.58 and touched its 52-Week Low of $149.67. The simple moving average is a mathematical calculation that takes the average price (mean) for a given amount of time. Read More »

What Do Analysts Say About The Charles Schwab Corporation (SCHW)

The stock closing price is now trading upward to its 50 day moving average with change of 9.15%, escalated to its 20 day moving average with figure of 1.53% and above its 200 day moving average with value 11.56%. Aperio Group Limited Liability Corp has 496,973 shares for 0.13% of their portfolio. It tells an investor how quickly a company is increasing its revenues. Read More »

Bitcoin rockets past $5200 price to reach all-time high


Nettles said interest had been much higher than anticipated and has come from banks, hedge funds and brokers. The validation of even one Wall Street institution would " change bitcoin " by bringing in lots of big money. "So to us, this bounce back in price is no surprise", the analyst added. The price rise of Bitcoin could be as a result of its monopoly in the cryptocurrency market. Read More »

Hyperloop One becomes 'Virgin Hyperloop One' with Virgin Group investment


Hyperloop trains work by loading passengers and cargo on to a pod which is accelerated to speeds of nearly 700mph inside a sealed low-pressure tube using electric propulsion. He said that the operation was only in the "early stages" of commercial development, but that he was looking forward to creating a global passenger service. Read More »

James Murdoch Reelected as Sky Chairman


A trio of advisory firms have called on shareholders to rebel against Mr Murdoch, who is chief executive of 21st Century Fox and sits on its board. The Institute of Directors had urged Sky top consider replacing Murdoch as chair if he had fallen below 50 percent support of shareholders not affiliated with Fox. Read More »

S(o)uper Star: This NYC Rapper Threw Soup At L-Train Racist


The undated cell phone clip, obtained by NBC New York , shows 36-year-old Paul Lawson antagonizing another straphanger on a train in Manhattan as he hangs onto an open case of Budweiser. Read her account of the incident below. "This bigot called a group of teenage boys "n******s" on the train so I stood up and slapped him and everybody on the train backed me up", Nokia wrote on Twitter . Read More »

Feel hot in a Pizza Hut Pizza Parka


In fact, to prove how well the system retains heat, Pizza Hut created limited-edition " Pizza Parkas " made from the same stuff in the new pouches. The Plano-based company rolled out its new oven hot delivery system this week, which promises to deliver pizzas up to 15 degrees hotter. Read More »

Lufthansa set to sign Air Berlin deal


Last month it said negotiations it was holding with Lufthansa as well as easyJet, based in Britain, would continue until October 12. Lufthansa, Germany's largest airline, is set to buy Air Berlin's Niki leisure unit, its LG Walter regional airline and some additional short-haul aircraft, Reuters reported. Read More »

Southwest Eyes Hawaii Flights


But earlier this month it became the first US carrier to take delivery of the new Boeing 737 Max, a longer range version of Boeing's workhorse single aisle jet. American, United, Delta, Alaska Airlines and Hawaiian Airlines all offer service to and from Hawaii, and analysts will be watching to see if Southwest's entry has any effect on prices. Read More »

Factory Output Growth Surges To 9-Month High, Inflation Eases


Retail inflation came in at 3.28 per cent in September, unchanged from August, despite softening of vegetable and cereal prices, according to government data. The output of mining and electricity sectors during the month accelerated to 9.4 percent and 8.3 percent from (-) 4.3 percent and 2.1 percent respectively in August past year. Read More »