Tuesday, 20 February 2018
Latest news
Home » Money

Money

United Kingdom analysis shows big economic hit from Brexit

perth_map

The gloomy forecasts are likely to be seized upon by those calling for the United Kingdom to stay in the customs union and the single market as Theresa May holds crunch talks with her Brexit "war cabinet" to thrash out the UK's trade relationship with the EU after Britain leaves the bloc. Read More »

Elon Musk back to earth: Tesla's annual loss hits $2.7 billion

perth_map

As for its higher-priced Model S sedans and Model X sport utility vehicles, Tesla said it delivered a record number during the quarter. For 2017, Tesla's net loss totaled $1.96 billion, almost three times 2016's red ink and reflecting the growing pains of a company with massive ambitions. Read More »

The Citigroup Inc. Reaffirms "Neutral" Rating for GlaxoSmithKline plc (GSK)

perth_map

For the quarter ending Jun-18, 1 analyst has a mean sales target of 9,753.91 million whilst for the year ending Dec-18, 5 analysts have a mean target of 40,572.30 million. "With the sales momentum we anticipate from new and recent launches and focused improvements in operating performance we are increasingly confident in our ability to deliver mid to high single digit growth in adjusted earning per share". Read More »

Ballentine Partners LLC Has $227000 Position in Twenty-First Century Fox Inc (FOXA)

perth_map

Northern Trust Corp now owns 17,652,970 shares of the company's stock valued at $500,285,000 after acquiring an additional 2,621,748 shares in the last quarter. Want to see what other hedge funds are holding FOXA? Ownership at Twenty-First Century Fox, Inc . 21st Century Fox on Wednesday afternoon reported fourth quarter (fiscal second quarter) Television Segment revenues totaling $1.8 billion, down 5.9% from $1.9 billion the same period a year ago. Read More »

VIX-linked products do not cause volatility: Cboe CEO

perth_map

Wall Street's " fear gauge " jumped to a fresh two-and-a-half year high on Tuesday as USA stocks fell for a third straight day and market participants grappled with the implosion of products that bet against volatility. "While the liquidation and fall of various ETNs represents a risk to VIX Futures volumes, we see this as potentially the tip of the iceberg with a likely reduction in VIX Futures trading activity looking out 1-2 months", the J.P. Read More »

KC loses hundreds more manufacturing jobs as Procter & Gamble announces plant closure

perth_map

Hundreds of workers in Iowa City will lose their jobs as a major employer shifts production to West Virginia. "We are committed to supporting P&G people through the transition in a manner consistent with our values and principles". The Oral B line expanded just a year ago into a former Menards building on Highway 1, adding a few dozen jobs. In just a week, the Harley-Davidson and Proctor & Gamble closures together negate a year's worth of that growth. Read More »

Supreme Court scraps mining leases across Goa

perth_map

Parrikar, also the State Mines Minister, said that there was no need to panic in light of the Supreme Court order, adding that the government would formulate a response on the issue over the next two-three days. "Only big players will bid", said Goa Foundation director Claude Alvares, the petitioner in the case. The AAP also claimed that the mining renewal scam was bigger in quantum than the Rs 35,000 crore illegal mining scam unearthed by a judicial commission in 2012. Read More »

USA announces takedown of $530 million cyberfraud network

perth_map

According to the indictment , Infraud directed buyers to its members' automated vending sites, using them as "online conduits" to deal in in stolen IDs, banking information, malicious software, and illicit goods. Along with Bondarenko, those arrested included a number of moderators for the forum, along with vendors and " VIP members ", although the overall number arrested was only a small percentage of the forum's estimated 11,000-plus members . Read More »

Tesla's net loss quintuples as customers await Model 3 electric auto

The day after Tesla and SpaceX CEO Elon Musk blasted his Tesla Roadster into space, his electric auto company's mounting losses are set to bring him back to Earth again. Tesla's shares are also in the stratosphere, up 8 per cent from the start of this year. For 2017, Tesla's net loss totaled $1.96 billion, almost three times 2016's red ink and reflecting the growing pains of a company with massive ambitions. Read More »

How Bets Against Volatility Fed the Stock Market Rout

perth_map

Earlier, the Stoxx Europe 600 Index slumped the most since June 2016, and Japan's Nikkei entered a correction as most of the shares on the 1,000-plus member MSCI Asia Pacific Index declined. Dow futures slid 105 points lower overnight, which set the tone for losses to start Tuesday trading. If salaries rise, the expectation is that people will spend more and push inflation higher. Read More »

TD Ameritrade (AMTD) Given New $61.00 Price Target at Morgan Stanley

It improved, as 51 investors sold PEP shares while 689 reduced holdings. The median estimate represents a +11.33% increase from the last price of 97.01. Moreover, Hancock Hldgs has 0.47% invested in FCB Financial Holdings, Inc. (NYSE:GS). Andra Ap reported 0.12% of its portfolio in The Goldman Sachs Group, Inc. Read More »

Owner of Los Angeles Times to sell the paper

perth_map

In 2013, Amazon founder and CEO Jeff Bezos bought The Washington Post for $250 million and Boston Red Sox owner John Henry bought the Boston Globe for $70 million. There have been three editors in six months, a sexual harassment investigation and a unionization vote. In recent weeks, reporters and editors grew concerned that management was keeping them in the dark about the company's strategic plans, which appeared to include the hiring of new editors and outside contributors who would ... Read More »

Chipotle Announces Enhanced Benefits For Employees From Tax Savings

perth_map

Chipotle Mexican Grill Inc. said Wednesday that it will offer its 71,000 staffers enhanced benefits and bonuses, the latest company to announce employee perks tied to the tax overhaul. Somerset, Pennsylvania-based fund reported 8,191 shares. It has outperformed by 1.95% the S&P500. Chipotle Mexican Grill , Inc (Chipotle), together with its subsidiaries, operates Chipotle Mexican Grill restaurants. Read More »

Southwest Airlines plane slides during takeoff from Baltimore airport

perth_map

Southwest said the plane "traveled to the edge but did not exit" the taxiway. The 143 passengers and six crew members were deplaned and bussed to the airport terminal. The plane is still on the taxiway and officials are investigating what happened. The Baltimore/Washington International Thurgood Marshall Airport announced via Twitter that Southwest Airlines flights "continue to operate". Read More »

(AMZN) Holdings Cut by NEXT Financial Group Inc

About 14,269 shares traded. Fayez Sarofim & Company bought 1,000 shares as the company's stock rose 13.58% with the market. It has underperformed by 4.31% the S&P500. Tocqueville Asset Management Limited Partnership has invested 1.46% in Amazon.com, Inc. (NASDAQ: AMZN ) on Friday, October 23 with "Overweight" rating. Read More »

Global stocks, FTSE on recovery after wild ride

perth_map

The index, which is comprised of 30 big-name USA companies, was down 108 points, or 0.4 percent, to 24,237 as of 11:25 a.m. Yesterday the markets opened at 25337.87, but at 3.10pm saw a massive tumble to lows of 24,148.47 in a sharp drop not seen since the 2008 financial crash. Read More »

Wells Fargo Stock Sinks On Fed Cease and Desist Order

perth_map

The financial services provider reported $1.07 EPS for the quarter, beating the Thomson Reuters' consensus estimate of $1.02 by $0.05. Wells Fargo & Co ( NYSE WFC ) traded down $5.91 during midday trading on Monday, reaching $58.16. Iat Reinsurance invested in 88,000 shares. Ar Asset Mgmt holds 0.12% or 5,300 shares. Orleans Capital Management Corp La holds 2.01% of its portfolio in CenterPoint Energy, Inc. Read More »

Rio Tinto (RIO) PT Set at GBX 4200 by JPMorgan Chase & Co

perth_map

For the last full-year, shares have seen a change of 19.21%. The company has a current ratio of 1.71, a quick ratio of 1.34 and a debt-to-equity ratio of 0.31. Generally speaking, an ADX value from 0-25 would indicate an absent or weak trend. The 14-day ADX presently sits at 27.69. A level of 25-50 would indicate a strong trend. Read More »

Emery relieved to avoid injuries in cup win

perth_map

No other person than the most expensive player in the world, Brazilian forward, Neymar Jnr. But Brazilian legend Ronaldo insists Neymar is now part of an "incredible" project at PSG and believes his compatriot has everything he needs to succeed in Paris. Read More »

Google to buy Chelsea Market building for more than US$2 billion

perth_map

Located at 75 9th Avenue (across the street from Google headquarters), the 1.2 million square foot Chelsea Market Building houses the Food Network, the Major League Baseball (MLB) Network, and the NY 1 News Channel, among other businesses. According to The Real Deal , Google's plans for the soon-to-be-acquired Chelsea Market property are somewhat vague for the time being, though a major shake-up is not expected. Read More »

Home Secretary declares pardons for jailed women to be complicated

perth_map

She said: "This funding will ensure we pay tribute to the women who fought for the rights that women have today, as well as playing a part in encouraging the next generation of women leaders". After France further hospitals were established in Serbia, Russia, Greece, Malta and Corsica.It's a tragedy that Elsie and so many others did not live to celebrate achieving the vote but their contributions, through their war efforts and campaigning, demonstrated women's unequivocal capabilities and ... Read More »