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Backgrounder: New US Fed Chairman Jerome Powell

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Powell, a Republican who succeeded Janet L. Yellen, also said he was committed to "explaining what we're doing and why we are doing it" as the central bank works to sustain the ongoing economic recovery and oversee some of the nation's largest financial institutions. Read More »

Bon-Ton: Another retailer 'runs up a down escalator'

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The announcement is unsurprising as many brick-and-mortar operators have been struggling in the USA due to the meteoric rise of the e-commerce industry over the last decade or so. Separately, ValuEngine raised Bon-Ton Stores from a "strong sell" rating to a "sell" rating in a research report on Friday, December 1st. "The harsh reality is that while Bon-Ton's management put in great effort to make the business sustainable, they were always running up a down escalator", Saunders said. Read More »

Sensex falls another 310 pts on domestic, global woes

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Sensex now trading about 480 points, or 1.4 percent, lower at 34,264 points after paring some losses in line with a broad recovery in global markets. "Hence, we continue to remain cautious and expect the Nifty to slide towards 10,597- 10,500 in days to come", said Sameet Chavan, chief technical and derivative analyst at Angel Broking. Read More »

All major cryptocurrencies are crashing again and bitcoin is nearing $6000

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The major sell off comes after Lloyds Bank, Virgin Money and U.S. investment banks banned customers from buying bitcoin and other cryptocurrencies using credit cards . Customers will still be able to buy digital currencies with debit cards, the banking group said. Both ripple and ethereum are higher than a year ago. Read More »

Nissan Armada Snow Patrol is ready for Chicago

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What do you get when you mix snow and an open-top sports vehicle? The crew there removed the entire drivetrain from a standard 370Z to make room for the rubber tracks at the rear and skis up front, and installed a 3-inch lift kit. Nevertheless, Nissan considered that they could improve this vehicle and they have transformed it into a snowmobile, Nissan 370Zki . "The Armada Snow Patrol project was completed using readily available aftermarket parts-thanks especially to Pro Comp and ... Read More »

Samsung heir freed from jail in South Korea after appeal

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The appeal trial began in October previous year following appeals from both prosecutors and Lee's defence. South Korea's two major business lobbies breathed a collective sigh of relief Monday as Samsung Electronics Vice Chairman Lee Jae-yong walked out of prison after serving almost a year over a bribery scandal that led to the ouster of former President Park Geun-hye. Read More »

Bitcoin Ban Expands Across Credit Cards as JPMorgan, BofA Recoil

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Other cryptocurrencies have also fallen in the last few weeks after soaring, sometimes even far more than bitcoin , last year. Britain's biggest mortgage lender will ban its credit card customers from buying Bitcoin amid fears that they could run up huge losses, the Telegraph reported earlier on Sunday. Read More »

Liberty Street Advisors, Inc Disclosed New Martin Midstream Partners Lp Position

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The stock decreased 1.36% or $0.97 during the last trading session, reaching $70.6. About 31.22 million shares traded or 67.82% up from the average. American Midstream Partners, LP (NYSE:AMID) current P/S is an unimpressive 1.41. The company was maintained on Wednesday, January 17 by Stifel Nicolaus. American Money Ltd Liability Company invested 2.78% in JPMorgan Chase & Co. Among 13 analysts covering Enable Midstream Partners ( NYSE:ENBL ), 7 have Buy rating, 2 Sell and 4 Hold. Read More »

EPS for Martin Midstream Partners LP (MMLP) Expected At $0.36

RR Advisors LLC now owns 325,000 shares of the energy company's stock valued at $16,855,000 after purchasing an additional 88,000 shares in the last quarter. This represents a $1.22 annualized dividend and a yield of 4.68%. Topeka Capital Markets maintained Discovery Communications, Inc. (NASDAQ:DISCA) on Monday, December 28 with "Buy" rating. Read More »

Redmond Asset Management LLC Lowers Position in Dollar Tree, Inc. (DLTR)

Pension Service invested in 0.13% or 306,375 shares. The stock increased 0.20% or $0.03 during the last trading session, reaching $14.93. The shares were sold at an average price of $99.80, for a total transaction of $917,361.60. now owns 8,303,037 shares of the company's stock valued at $720,869,000 after acquiring an additional 8,298,537 shares during the period. Markel Corp holds 0.15% of its portfolio in Dollar Tree, Inc. Read More »

Yellen to start out Monday at Brookings Establishment, following Bernanke

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Bernanke's second four-year term. Jerome Powell has now taken over the role of Chairman of the Federal Reserve with Janet Yellen stepping down after almost a decade in charge. As Ms Yellen departs, the only Fed chair in almost 40 years not to be reappointed for a second term, she leaves an economy with unemployment at a 17-year low of 4.1 percent - half the rate when she became chair - quiet inflation and almost four years of uninterrupted growth. Read More »

Budget philosophy in overall national interest: Jaitley

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India's Finance Minister Arun Jaitley speaks on budget 2018 , flanked by Nitin Gadkari on his right and nonagenarian Lal Krishna Advani on his left. The biggest challenge, however, would be to honour the commitment of MSP by the government. However, agriculture expert M.S. Swaminathan said that increase in MSP will benefit the farmers. Read More »

North Korea acquires nuclear tech through Berlin embassy

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Although the exact nature of the technology was not specified, the intelligence chief said they would have civilian and military uses. A United Nations panel of experts also found evidence of military cooperation by North Korea to develop Syria's chemical weapons programmes and to provide Myanmar with ballistic missiles. Read More »

Tesla's bringing Powerwall batteries to 50000 homes in Australia

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The Tesla partnership is clearly meant to counter that kind of criticism - Weatherill can point to the hoped-for improvements and claim that South Australia is on the right path. After the trial phase, mass installations for the remainder of the virtual power plant will begin, with the target date for the project's completion set for June 2022. Read More »

Vonn records 81st win ahead of Olympics

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The federation plans to announce a new program for the weekend at a meeting with coaches later Friday. United States' Lindsey Vonn celebrates after winning an alpine ski, women's world Cup downhill race, in Garmisch Partenkirchen, Germany, Sunday, Feb. Read More »

Wenger: Ozil deal was cheapest option for Arsenal

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We are an attacking team and the danger is when you are an attacking team and then of course you don't score then you create your own problems". " Aubameyang is 29 this summer and they've paid almost £60m for him - when has Wenger ever done something like that?" Apart from that, Welbeck is not completely back from injury. Read More »

Profit of Royal Dutch Shell rose more than twice in 2017

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The company said its full year earnings benefited mainly from higher realised oil, gas and LNG prices, improved refining performance and higher production from new fields, which offset the impact of field declines and divestments . Indeed, Brent crude prices rose from a low near $44 a barrel in June to close to $70 in December, before tipping over the $70 level in January. A year of transformation, in which we showed we have what it takes to deliver a world-class investment case. Read More »

Looking at Super Bowl Foods

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As the Super Bowl draws near pizza and wings will be on the minds of a lot of people through the Northeast and the Twin Tiers. These figures come after a year of fluctuation for chicken wing prices. The National Chicken Council expects Americans will eat 1.3 billion chicken wings on Super Bowl weekend, that's enough to circle the globe three times. Read More »

USA jobs data boosts dollar, bond yields, drags on stocks

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The 10-year Treasury yield popped above 2.85 percent for the first time since January 2014. US hiring picked up in January and wages rose at the fastest annual pace since the recession ended, as the economy's steady move toward full employment extended into 2018. Read More »

Markets hit largest weekly loss in 2 years, Dow falls 666 factors

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The Dow had lost almost 700 points, or 2.5%, at the closing bell, with weak earnings reported from several American business behemoths, including Exxon Mobil and Google's parent company Alphabet. After the data, benchmark 10-year Treasury yields extended their rise to more than 2.8 percent, while traders boosted bets that the U.S. Federal Reserve will raise interest rates three times this year. Read More »

IShares MSCI South Africa (EZA) Rises 0.07% for Jan 31

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STOCK MARKET ETF (BMV: ITOT ) by 10.5% in the 4th quarter, according to the company in its most recent disclosure with the SEC. BlackRock Inc. grew its stake in shares of iShares Select Dividend ETF by 1.7% in the second quarter. iShares Core S&P Mid Cap ETF ( IJH ) opened at $195.41 on Friday. iShares Core S&P Mid Cap ETF has a fifty-two week low of $166.58 and a fifty-two week high of $199.91. Read More »