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Finance

The premier United States stock index broke the 21,000-point mark the morning after President Donald Trump heralded big infrastructure and military investments and called on the country to "believe, once more, in America". The odds of March rate hike rose after the Commerce Department reported that January inflation ticked up by the most in four years. The S&P came within a couple points of touching the 2,400 mark, while the Nasdaq surpassed 5,900 for first time.
  • Draper Esprit PLC (GROW) Receives Buy Rating from Numis Securities Ltd

    Finance

    Previously on Wednesday February 15, 2017, HSBC reported about Glencore PLC (LON:GLEN) raised the target price from 420.00GBX to 435.00GBX. Investors of record on Thursday, April 6th will be issued a dividend of GBX 34 ($0.42) per share. Several research firms recently weighed in on ASCL. The shares were sold at an average price of GBX 378 ($4.71), for a total transaction of £295,758.54 ($368,500.55).
  • Oil Prices Fall as US Crude Inventories Rise Further

    Oil Prices Fall as US Crude Inventories Rise Further

    Finance

    OPEC and a group of 14 other exporters, including Russian Federation, decided late a year ago to take a total of 1.76 million barrels per day (bpd) off the market to boost oil prices. EST (1600 GMT) on Thursday. Nymex crude advanced 0.4%, while Brent crude saw a 0.3% rise. The smaller-than-expected increase was largely due to sharply lower volumes of imported crude, potentially a sign that supply cuts by major oil exporters are manifesting in the U.S, analysts said.
  • Warren Buffett says investors should stick with index funds

    Warren Buffett says investors should stick with index funds

    Finance

    He did tout the performance of his insurance chief, Ajit Jain, widely considered to be one of the leading candidates to take the Berkshire CEO job when Mr. These included businesses such as the BNSF railroad and Geico auto insurance that posted weaker results last quarter. In the letter, Buffett notes Berkshire's ownership of $5 billion of preferred Bank of America stock, which pays $300 million a year and carries a warrant that would allow Berkshire to buy 700 million common shares for $5 ...
  • Heroin deaths have quadrupled in 5 years

    Heroin deaths have quadrupled in 5 years

    Finance

    By comparison, the number of deaths caused by firearms was just over 36,000. Generally, overdoses of opioid painkillers continued to be a leading killer, but heroin and synthetic opioids, such as deadly fentanyl, are behind an increasing number of deaths.
  • Unusual Volume Spikes For: Whiting Petroleum Corp. (NYSE:WLL)

    Finance

    The average broker target price of $14.49 for Whiting implies a return of ~34.5% in the next 12 months. Canaccord Genuity reiterated a "buy" rating and set a $14.00 price target on shares of Whiting Petroleum Corporation in a research note on Thursday, January 12th.
  • US Promises No Mass Deportations over Mexican 'Concern, Irritation'

    Finance

    President Trump said Friday at the Conservative Political Action Conference that construction on a wall across the U.S./Mexico border was, "way, way, way ahead of schedule", and that it would, "start very soon". The border barrier primarily would be aimed at stopping illegal immigrants from entering the United States . "There's no mistaking that the rule of law matters along both sides of the border".
  • The 2017 Academy Awards Cheatsheet 47:07

    The 2017 Academy Awards Cheatsheet 47:07

    Finance

    The 89th Annual Academy Awards will air Sunday, February 26, at 8:30 p.m. ET/5:30 PT on ABC. So look for the award for Best Picture to go to "La La Land". Some of the biggest names in music will perform their best song-nominated works Sunday. "Best actress will go to Emma Stone while I would prefer it if Natalie Portman wins for her role as Jackie Kennedy in Jackie ", van Nierop says .
  • Earnings Guidance on Summit Materials, Inc.(SUM)

    Finance

    According to these analysts, the Low Revenue Estimate for Summit Materials, Inc .is 230.1 Million and the High Revenue Estimate is 244.1 Million. The company has a market cap of $1.82 billion, a PE ratio of 38.56 and a beta of 2.29. The Closing price before the company posted its earnings was $18.99. RBC Capital Markets restated an "outperform" rating and issued a $26.00 price objective (up from $24.00) on shares of Summit Materials in a research note on Thursday, November 3rd.
  • Oil Settles as Stockpiles Rise Mildly

    Oil Settles as Stockpiles Rise Mildly

    Finance

    Crude Oil's attempt to breakout from its 2-month price range should hold traders attention. - USA refining rates have slid for the past five weeks to four-year lows, crude imports have slumped, and stocks swelled to record highs. In an effort to stabilise oil prices, the Oil Producing and Exporting Countries and non-OPEC producers, like Russian Federation, have agreed to cut about 1.8 million barrels a day.
  • Trend Analysis Report: Spirit Realty Capital, Inc. (NYSE:SRC)

    Finance

    The Stock has a 52-Week High of $13.97 and 52-Week Low of $10.2 following the dates, it touched its 52-Week High on Aug 4, 2016 and 52-Week Low on Feb 1, 2017. ARRIS International plc, (ARRS) and Broadcom Limited (AVGO) jointly declared that they have reached a contract for ARRIS to acquire Brocade Communication Systems Inc.'s Ruckus Wireless and ICX Switch business for cash consideration of $800 million, plus the additional cost of unvested employee stock awards, following the closing of ...
  • Carlos Ghosn stepping down as Nissan CEO

    Finance

    Under Ghosn, Nissan not only thrived. Mr Ghosn will seek a renewal of his mandate from shareholders at Nissan's general meeting in June. In a statement , Ghosn said "I am confident that the management team I have developed at Nissan over the past 18 years has the talent and experience to meet the company's operational and strategic goals".
  • Ivanka Trump calls for religious tolerance amid threats on Jewish centers

    Ivanka Trump calls for religious tolerance amid threats on Jewish centers

    Finance

    Jewish groups and political leaders have called on Trump to speak out against anti-Semitism , especially after four waves of bomb threats called in to dozens of JCCs in the past five weeks. On Tuesday, while President Donald Trump was touring the African-American Museum in Washington, he chose to speak out on the issue of widespread threats against Jewish agencies.
  • Irish leader calls for united Ireland provision in Brexit deal

    Finance

    Finally Mr Kenny will meet with EU Commission president Mr Juncker at the Berlaymont building in Brussels this afternoon, with a press conference scheduled for after the talks. Speaking after a meeting with the European commission president, Jean Claude Juncker, and the EU's chief Brexit negotiator, Michel Barnier, Kenny also said he believed the triggering of article 50 would be "delayed a little".
  • Four-Week Average of US Jobless Claims Lowest Since 1973

    Four-Week Average of US Jobless Claims Lowest Since 1973

    Finance

    Overall, 2.06 million people are collecting unemployment checks, down 7.7 percent from a year ago. Initially claims climbed by 6,000 in the seven days ended February 18 from a revised 238,000 in the prior week, the government said Thursday .
  • Uber Criticized by Venture Backers Over Sexual Harassment Allegations

    Finance

    Uber is sending out a message to users leaving the app because of a former employee's allegation of sexual harassment and workplace discrimination at the company. She listed a range of discriminatory and sexual harassing incidents with managers that she said was dismissed by the company's human resources office.
  • Budapest Olympic bid chief downbeat over 2024 hosting hopes

    Finance

    Hungarian government spokesman Zoltan Kovacs confirmed the withdrawal to The Associated Press on Wednesday. The host city will be chosen by the International Olympic Committee in Lima, Peru on September 13. The mayor had previously said he could not "ignore the will of the people" in light of the referendum push. Some 266,000 signatures were gathered, the group said, nearly double the threshold required to hold a ballot.
  • Norwegian to fly from Bradley to Edinburgh

    Finance

    In July, Norwegian will launch service between Irish cities including Belfast, Cork, Dublin , and Shannon to Providence and Newburgh. The new flight route is due to start in July this year. Norwegian said this would allow the airline to offer some "truly affordable" fares. The low-priced airline will be offering passengers flights from as little as £69/€69.
  • US Treasurys move higher; investors keenly await Fed minutes

    US Treasurys move higher; investors keenly await Fed minutes

    Finance

    Fed Chairwoman Janet Yellen answered questions on two of Trump's seemingly non-economic policies during her testimony to the Senate Banking Committee: curtailed immigration and the repeal of the Affordable Care Act . Dow Chemical's shares rose 4 percent. Stock movers: Shares of Toll Brothers Inc.(TOL) jumped 6.4% after posting a fall in profit and revenue, but rising contracts in five of its markets (http://www.marketwatch.com/story/toll-brothers-profit-and-revenue-fall-2017-02-22).
  • Wal-Mart (WMT) Q4 Earnings, Revenues Beat on Strong Comps

    Finance

    The online unit's so-called gross merchandise value, which includes sales made by third parties on its Marketplace site, increased 36 percent in the period ended January 31. Net income fell 18 percent to $3.76 billion, or $1.22 per share, while revenue rose 1 percent to $130.9 billion. To jumpstart Walmart's e-commerce push, McMillon put Jet.com head Marc Lore in charge of Walmart's USA e-commerce business and introduced features that allow consumers to pick up groceries they order ...
  • United States comparable sales strong for Home Depot

    Finance

    Over the last five trading sessions, the stock has moved 2.25%. Pillar Pacific Capital Management LLC boosted its stake in shares of Home Depot, Inc. If you are viewing this piece on another website, it was stolen and republished in violation of USA & worldwide trademark and copyright legislation. "ELCO Management Co.
  • Kraft Heinz Offers $143B to Acquire Unilever

    Finance

    Unilever shares plunged 8.2% in the stock market today after soaring Friday. While the work was in progress on this merger of two well-known companies that had sent shockwaves throughout the FMCG sector, the UK Prime Minister Theresa May ordered a scrutiny in the bid.
  • Bao Bao The Panda Begins Journey To China

    Finance

    Bao Bao appeared oblivious to her coming journey yesterday, as she napped in the Indian summer sun at Washington's National Zoo. The team took 55 pounds of bamboo and nearly ten pounds of fruits for Bao Bao, who will be in a big crate during the 16 hour flight.
  • Global weapons sales highest since end of Cold War

    Global weapons sales highest since end of Cold War

    Finance

    With a one-third share of global arms exports, the US was the top arms exporter in 2012- 16. The Stockholm International Peace Research Institute (SIRPI) has published a regular report on the world arms trade. It said, between 2007-11 and 2012-16, arms imports by states in the Middle East rose by 86 per cent and accounted for 29 per cent of global imports in 2012-16.
  • Nullify result of floor test, say DMK, OPS faction

    Nullify result of floor test, say DMK, OPS faction

    Finance

    As the session began in the morning, DMK leader MK Stalin questioned the haste in conducting the trust vote as the Sasaikala faction chose to seek mandate from MLAs just as they were released from the hotel they were being accommodated for more than a week.
  • Keep in touch with Analyst's Predictions: Northern Dynasty Minerals Ltd. (NYSEMKT:NAK)

    Finance

    While some analysts have a High Price target for the stock of $5.94 and a Low Price Target of $5.94. Northern Dynasty Minerals Ltd .is a mineral exploration company. The short seller's report also accused the company of hiding a negative project assessment conducted by Anglo American - citing unnamed sources at that company -, which backed out after spending some US$600 million on the project.
  • Trump wines fly off shelves at Wegmans despite boycott

    Finance

    Jo Natale, vice president of media relations for Wegmans, said the grocer has been selling wines from the Charlottesville winery since 2008, before it was owned by Donald Trump - and long before he campaigned for the White House. The group plans to carry out these actions until the day that "Donald and Eric Trump stop supporting and implementing policies of hate, and publicly pledge to preserve and protect the rights of all Americans: especially people of color, LGBTQ, Muslims, immigrants, ...
  • Apple tops Fortune's most admired companies list

    Finance

    Moline, Ill. -based Deere & Co., which operates a manufacturing plant in Ankeny, was No. 50 on the list. UP ranked first in eight performance areas identified by Fortune: innovation, people management, use of corporate assets, social responsibility, quality of management, financial soundness, long-term investment value and quality of products or services.