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Dow closes above 26000 for the first time

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That was the shortest time between 1,000-point milestones in the Dow's history spanning more than 100 years. "From a longer-term perspective, corporate earnings are still strong, and we're about to engage in the benefits of tax reform". The stock market is on fire. Industrial stocks rose after the Federal Reserve said US industrial production increased 0.9 percent in December. It has gained 4.8 percent this year, posting only two sessions of losses. Read More »

Dow Jones hits 26000 milestone as earnings optimism feeds rally

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Closing values for three main stock indices January 16 According to money.cnn the Dow Jones ( DJIA ) closed down 0.04 percent, 10.33 points at 25,792.86. Of the S&P 500 companies that have submitted their reports so far, 78% surpassed earnings per share and 89% revenue expectations. P/E provides a number that details how many years of earnings it will take a stock to recoup the value of one share at current price levels. Read More »

Snapchat to leakers: Go to jail!

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Snap Inc. has laid off at least two dozen people across several divisions within the company, according to The Information and Cheddar which first reported the news. The memo, which was obtained by Cheddar , was sent to employees on January 8. "We also need to have an organization that scales internally". "If you leak Snap Inc . Read More »

CT doesn't make list for new Amazon headquarters

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Elsewhere in the South it's still reviewing Nashville, Raleigh, Atlanta and Miami. The University of Miami, along with Miami-Dade College and Florida International University, worked with the city's Beacon Council - Miami-Dade County's official economic development partnership - to submit a proposal to Amazon Oct. Read More »

Facebook Will Now Ask Users for Input on Trustworthiness of News Sources

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The change comes as the social network continues to be attacked for helping spread misinformation . So Facebook will begin surveying users for the news sources they trust, and tailor its newsfeed based on those results. The changes came after Facebook - and the broader tech industry - came under a barrage of criticism over its impact on society, from its role in spreading Russian propaganda and misinformation during the 2016 USA presidential election to its impact on childrens' mental ... Read More »

Markets Right Now: Dow has first close above 26000 points

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Alcoa shares sank 8.21% after the aluminum producer's quarterly earnings missed analysts' estimates. What are the benchmarks doing? Microsoft rose 1.7 percent and UnitedHealth gained 1 percent. In data news, USA industrial production more than doubled the consensus forecast for December, raising confidence in the domestic economy. Economists had expected activity to inch up to 18.6, according to a survey by Econoday. Read More »

LA Times publisher under fire after sexual harassment record revealed

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Levinsohn did not respond to detailed questions from NPR . Tronc , the owner of the paper, declined to comment as to whether it would place Levinsohn on leave or suspend him while the investigation was taking place. "A man who sexually harasses women, engages in "slut-shaming" and refers to gay men as "fags" is not fit to lead our newspaper". That stance can largely be traced to the 1910 bombing of the newspaper's downtown headquarters, which was blamed on union activists. Read More »

Jio logs first net profit of Rs 504 crore in Dec quarter

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While Jio's operating revenues grew nearly 12 per cent on a sequential basis to Rs 6,879 crore, the margins came in higher at 38.2 per cent compared with 23.5 per cent earlier. The refinery segment contributed ₹75,865 crore to the topline and ₹6,165 crore to profit before interest and taxes (EBIT), while petrochemicals contributed ₹33,726 crore to the topline and ₹5,753 crore to EBIT. Read More »

Emirates breaks Airbus A380 order drought

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The aviation industry has lately witnessed Emirates, the largest airline of the Middle East region owned by the UAE government, announcing its decision to sign an agreement with Airbus to buy almost twenty A380 Jets along with an alternative of purchasing sixteen more of its kind from the latter. Read More »

Crypto bubble 'taken a puncture' as all major currencies drop

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There have been some hints that South Korea might regulate cryptocurrencies more strictly, but it's hard to believe those rumors are enough to drive a big global sell-off. Whatever the reason, Bitcoin remains relatively strong, suffering less from the major dip than other coins. Bitcoin is down from record highs approaching $20,000 in the week before Christmas, having rocketed 25-fold previous year, before being hit by concerns about a bubble and worries about crackdowns on ... Read More »

BKD Wealth Advisors LLC Boosts Position in Time Warner Inc (TWX)

The average 1-year price target for (DVAX) reveals an average price target of $30.8 per share. Focused Investors Llc who had been investing in Time Warner Inc. The rating was maintained by BMO Capital Markets with "Buy" on Tuesday, July 18. It also upped Tesla Inc (Prn) stake by 39.00 million shares and now owns 69.00 million shares. Read More »

EPS for Kite Realty Group Trust (KRG) Expected At $0.50

Volume in the last session has decreased compared with DOC's average trading volume. About 221,064 shares traded. After a recent check, the 14-day RSI for Brandywine Realty Trust is now at 38.85, the 7-day stands at 35.05, and the 3-day is sitting at 42.18. Read More »

Market Risers: Accrol Group Holdings PLC, AstraZeneca plc, Carnival plc

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As per Tuesday, November 3, the company rating was maintained by Oppenheimer. Numis Securities maintained the shares of CINE in report on Thursday, May 18 with "Hold" rating. It has a 55.78 P/E ratio. The firm offers commercial and industrial loans, including lines of credit, revolving credit facilities, accounts receivable financing, term and equipment loans, small business administration loans, standby letters of credit, and unsecured loans; commercial real estate loans; funds for the ... Read More »

Retail sales, Great Britain - Office for National Statistics

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Total retail sales were therefore up 1.4% on December the previous year compared badly with the 2.6% estimate and the prior month's 1.5% gain. According to the ONS, low consumer spending is due to the majority of Christmas shopping taking place during Black Friday sales instead of December. Read More »

SoftBank now largest Uber shareholder as deal closes

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Uber shareholders sold almost $8 billion to investors led by SoftBank. The investor group, which is co-led by SoftBank and Dragoneer Investment Group and includes Sequoia Capital , has also completed a $1.25 billion investment of fresh cash at the other, higher valuation, the spokesman said. Read More »

BNP Paribas Reiterates €19.80 Price Target for Fiat Chrysler Automobiles (F)

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Morgan Stanley increased their price objective on Fiat Chrysler Automobiles from $14.00 to $18.00 and gave the stock an "overweight" rating in a research report on Tuesday, November 21st. The company's ATR (Average True Range) is 0.27. AXA lifted its position in Fiat Chrysler Automobiles by 15.3% during the 3rd quarter. According to the Analysts, the Low Earnings estimate for the current quarter is $0.43, while the High earnings estimate is $0.62.Comparatively, EPS for the same quarter ... Read More »

Journey And Def Leppard Coming To Tulsa In July

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Just announced Friday morning, Def Leppard and Journey will play Wrigley Feld July 14. Looking forward to hooking up again. 80's rock powerhouses Def Leppard and Journey will be teaming up to make the summer even hotter than normal. Read More »

HSBC To Reform Global Markets Business Following Currency Fine

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The payment includes a US$63.1 million fine and US$38.4 million in restitution to a corporate client, Reuters reports, citing a deferred prosecution agreement (DPA) filed on Thursday in a NY court. Johnson and his former colleague Stuart Scott, HSBC's European head of foreign exchange trading in London until December 2014, allegedly pocketed $3m in profit and also billed their client $5m in fees for their work. Read More »

$1.55 EPS Expected for Kimberly-Clark Corporation (KMB)

The stock has a market capitalization of $40,191.79, a price-to-earnings ratio of 19.25, a PEG ratio of 2.80 and a beta of 0.75. Sunbelt Securities Inc. Piper Jaffray initiated the shares of CRSP in report on Monday, November 14 with "Overweight" rating . Currently, 0.40% of Expedia, Inc. (NASDAQ:PEP) for 21,897 shares. Read More »

President Trump's 'DACA is dead' tweet leaves local DACA recipients anxious

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The fate of the program protecting almost 800,000 immigrants from deportation who were brought to the US illegally by their parents years ago when they were children is at the forefront of the Washington political debate this week. The Democrats can be expected to balk at that, and the president may decide to allow the Dreamers to become citizens (assuming, of course, that the other three sine qua nons are agreed to). Read More »

Government Shutdown Looms As Trump Continues To Demand Wall Funds

But almost all House Democrats object to the measure because it does not address the fate of illegal immigrants who came to the country as children and now face deportation. National security functions continued, as did others including air-traffic control and delivery of Social Security benefits. "Senator (Chuck) Schumer, do not shut down the government", Speaker Ryan said to reporters after the bill passed, referring to the Senate minority leader. Read More »

GST Council meet: Congress to demand inclusion of petrol, actual property

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Badal's comments come ahead of the GST Council meeting on Thursday which is set to discuss steps to make invoice matching and the returns filing process simpler. Blaming the central government for what it called "instalment-based tinkering" of GST rates as well as the numerous changes in rules since the 1 July implementation of GST, Punjab finance minister Manpreet Singh Badal said the centre had made life hard for industry . Read More »

Blue chip index Dow Jones Industrial Average hit new records

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The Dow Jones Industrial Average is one of several indices created by Wall Street Journal editor and Dow Jones & Company co-founder Charles Dow. Copper lost 1.37 percent to $7,111.50 a tonne, touching a 3-1/2 week low following strong gains late past year and as worries lingered over fading demand in China. Read More »