Markets

Gold retreats from 1-year high as dollar gains ground

Gold retreats from 1-year high as dollar gains ground Irma pounded heavily populated areas of central Florida on Sunday, but gradually lost strength, weakening to a Category 1 hurricane overnight and is expected to weaken to a tropical storm during the day. The financial sector.SPSY was up 1.69 percent. "North Korea did not launch a new missile, and Hurricane Irma was downgraded, though still looks like it will cause considerable damage, and mess u... [Full Article...]

Maryland Drivers Expected To Travel Labor Day Weekend Despite Rising Gas Prices

Maryland Drivers Expected To Travel Labor Day Weekend Despite Rising Gas Prices The inclement weather and "spikes in gas prices typically do not inhibit holiday travel plans", said Herman Jenkins, a spokesman for AAA's East Central Pennsylvania region. AAA says "yes" the prices will rise, but we won't see any actual shortages from this storm. The slowed flow of gasoline after Hurricane Harvey is hitting Maryland drivers right before they hit the road for the holiday. [Full Article...]

Qatari ambassador back on the job in Iran

Qatari ambassador back on the job in Iran After restoring full diplomatic relations with Iran on Thursday, Qatar has started work on "patching up a new radical ideology" in the region as foundation of this growing alliance, The Dependent has learnt. Days after the dispute erupted, the boycotting countries have issued a list of demands from Qatar in order for the dispute to be resolved. Despite its small territory, Qatar has always stood... [Full Article...]

Monday Amazon Drops Prices at Whole Foods Market

Monday Amazon Drops Prices at Whole Foods Market Beyond the impact in the grocery area, Nick McLean, chief executive of OrderDynamics, noted the speed with which Amazon is leveraging Whole Foods store locations. Will retailer's stock continue to be affected as the Whole Foods and Amazon grocery announcements continue to roll in? Whole Foods - nicknamed "whole paycheck " in some circles - has long struggled to shed its reputation as a pricey... [Full Article...]

Will the US Dollar Turn Around after Jackson Hole Symposium?

The summit, held at a Jackson Hole mountain retreat, comes as central banks in advanced economies creep toward the policy exit after years of unprecedented easing, even with outlooks clouded by stubbornly tepid inflation . At the same time, US Treasury Note prices are stuck at 2017 resistance (aligning with UST 10Y Yield support). The major averages eventually ended the session mixed. [Full Article...]

Infosys Offers to Buy Back $2 Billion of Shares as CEO Quits

Infosys Offers to Buy Back $2 Billion of Shares as CEO Quits Sikka's resignation did not augur well for Infosys with the company shares crashing by 9.6 per cent in a single day with investors selling off scrips. Shares of INFOSYS LTD. was last trading in BSE at Rs.923.1 as compared to the previous close of Rs. 1021.15. As per a statement by the law firm, "the investigation concerns whether Infosys and certain of its officers and/or directors have engage... [Full Article...]

Will Foot Locker Inc's (FL) Earnings Grow Over The Next Year?

Will Foot Locker Inc's (FL) Earnings Grow Over The Next Year? On 6/13/2017, Standpoint Research released a statement on Foot Locker, Inc . Foot Locker also forecast continued sales declines over the rest of 2017, with Chief Executive Officer Dick Johnson citing sluggish demand for top brands, including Nike Inc.'s Jordan and Adidas AG's Stan Smith. [Full Article...]

Bill Gates Adds $4.6 Billion to Foundation Endowment

Bill Gates Adds $4.6 Billion to Foundation Endowment It is not clear whether Gates will remain in the top spot at the rate his charity donations are going, but the latest $4.6 billion share donation represents approximately 5 percent of Gates' current $90bn fortune. Bill Gates, the richest person in the world, is giving away more of his staggering wealth. Recently Gates was overtaken by Amazon founder Jeff Bezos for the title of the world's richest... [Full Article...]

Chicago To Sue Trump Administration Over DOJ Sanctuary Cities Crackdown

Chicago To Sue Trump Administration Over DOJ Sanctuary Cities Crackdown A day earlier Emanuel said Chicago won't "be blackmailed " into changing its values as a welcoming city . Chicago officials say there are new qualifications for a grant that requires cities to share information with US immigration authorities, which they allege are unconstitutional. [Full Article...]

Martin Shkreli convicted of securities fraud after jury deliberates for 5 days

Martin Shkreli convicted of securities fraud after jury deliberates for 5 days Shkreli echoed that on Twitter , saying, "Uh I'm guessing none on the short side 6 months long side". As he spoke, Shkreli smiled and cocked his head quizzically in mock confusion. Some of the five counts on which Shkreli was acquitted related to his unauthorized use of Retrophin shares to reimburse the hedge fund investors. [Full Article...]

Teen jumps from plane that landed at San Francisco airport

Teen jumps from plane that landed at San Francisco airport He was detained by a member of a construction crew on the tarmac and was later taken into police custody. An investigation is now being conducted by Customs and Border Protection and at present, there is no information about the boy's reasons for his actions. [Full Article...]

GM Canada sales up 22 pct in July, Fiat Chrysler slips

GM Canada sales up 22 pct in July, Fiat Chrysler slips Fiat Chrysler ended production of many models it at one time sold to rental fleets. Big U.S. rental auto companies such as Hertz Global Holdings Inc. Sales of the Calumet Region-made Ford Explorer shot up by 12.9 percent in July with 18,763 of the sport utility vehicles sold across the country. GM gained little ground in its effort to reduce inventories of unsold vehicles. [Full Article...]

Foxconn's first factory in the USA will cost American taxpayers $3bn

Foxconn's first factory in the USA will cost American taxpayers $3bn Foxconn Chairman Terry Gou said the company is "thrilled to build a state-of-the-art display fabrication plant in America's heartland". Trump was quoted saying that, if he didn't get elected, Gou would not have invested $10 billion in the upcoming project. [Full Article...]

USA navy makes "provocative move" in fresh encounter with Iran navy

USA navy makes According to a statement by the IRGC Navy, the USS Nimitz aircraft carrier and another warship accompanying it approached the Resalat oil-gas block in the Persian Gulf on Friday, 4 pm, but were intercepted by missile boats of the IRGC's Fourth Marine Corps District. [Full Article...]

Twitter stalls, fails to add new users this quarter

Twitter stalls, fails to add new users this quarter It's daily active user base grew 12 percent from the same quarter a year ago, showing greater engagement with the platform. Twitter's adjusted Ebitda came in at $178 million, up slightly from $175 million a year earlier. We may see it go lower by day's end, and this drop is likely due to the fact that Twitter failed to add new users in Q2 - after all, investors are probably well acclimated... [Full Article...]

Sensex, Nifty hit new peak during the week

Sensex, Nifty hit new peak during the week All the sectoral indices, led by IT, oil & gas, bank and PSU, were trading in the positive zone with gains up to 0.51 percent. The stock market witnessed a rally in early trade on Monday with both the Sensex and Nifty indices hitting new all-time highs. [Full Article...]

Amazon Alexa coming to main Amazon app for Android this week

Amazon Alexa coming to main Amazon app for Android this week The message, which can be read in its entirety below, stated that Alexa was now available through the application. By integrating Alexa , which is capable of doing everything the virtual assistant can do on an Echo speaker, into the shopping app, Amazon is letting millions discover the advantages of the assistant and possibly convince them to purchase an Echo or two for their homes . [Full Article...]

DOJ Claims Responsibility for Shutting Down Cryptomarkets AlphaBay and Hansa

DOJ Claims Responsibility for Shutting Down Cryptomarkets AlphaBay and Hansa Prior to its takedown, AlphaBay reached over 200,000 users and 40,000 vendors, according to a Europol statement on the takedown. AlphaBay and Hansa , two of the Dark web's largest markets, were taken down as part of a joint effort involving multiple law enforcement agencies. [Full Article...]

Audi Pulls Offensive Car Ad in China

Audi Pulls Offensive Car Ad in China She then takes a last look at the bride's chest before a caption declares: " an important decision must be made carefully ". An animation in the same ad encourages viewers to visit a website selling "Audi-approved" secondhand cars. The company can ill afford this speed bump. Audi's sales dropped 12 percent in the first half of the year in China during a dispute with dealers. "So many powerful ... [Full Article...]

Citigroup Downgrades Rating On BHP Billiton Limited (BHP) To "Neutral"

Citigroup Downgrades Rating On BHP Billiton Limited (BHP) To A number of hedge funds and other institutional investors have recently made changes to their positions in the company. V Wealth Management LLC bought a new position in BHP Billiton Limited during the second quarter worth $133,000. The original version of this piece can be accessed at https://www.chaffeybreeze.com/2017/07/19/bhp-billiton-plc-lonblt-stock-rating-reaffirmed-by-shore-capital.html. [Full Article...]


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