Money
Wells Fargo acknowledges billion dollar settlement offer
Income tax expenses fell 36% to US$1.37 billion, following President Donald Trump's tax overhaul past year. While heightened market volatility should lift trading revenue for the big banks , it could mean weaker investment banking results, Nomura-Instinet analysts said recently, as companies grew more cautious on deal-making. [Full Article...]
China's President Promises To Cut Auto Import Tariff, Files US Tariff Complaint
President Donald Trump escalate current tensions. Stock markets rallied worldwide on optimism for relief from what has become the most high-stakes trade confrontation since World War II. "China is opening sectors where they already have a distinct advantage, or a stranglehold over the sector", Short said, citing its banking industry, which is dominated by domestic players. [Full Article...]
Retail inflation at 4.28 %, Industrial output grows 7.1 %
The weak report is fact just a day after German statistics provided data showing a rather sluggish increase in industrial and industrial orders in February, barely 0.3% compared with January, when they showed a healthy decline of 3.5%. The General Index for the month of February 2018 stands at 127.7, which is 7.1 percent higher as compared to the level in the month of February 2017. [Full Article...]
Group gathers on 'Equal Pay Day' to urge equality for women
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It's part of a larger campaign by Granite State Progress Education Fund and Moms Rising to increase women's economic security by addressing gender pay disparity and the factors driving it. An FT women's WhatsApp group featured much discussion recently, Press Gazette understands, of a Buzzfeed article revealing how female journalists at the likes of ITN are fighting behind the scenes for better pa... [Full Article...]
Amazon.com, Inc. (NASDAQ:AMZN) Shares Bought by Diversified Trust Co
The stock increased 0.29% or $0.04 during the last trading session, reaching $13.89. Portfolio Solutions LLC acquired a new stake in Amazon.com during the 4th quarter worth about $119,000. After $2.16 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth. Therefore 97% are positive. [Full Article...]
Chemical arms watchdog confirms UK findings on Russian-made nerve agent
Yulia Skripal , 33, left the hospital Monday and - as NPR's Scott Neuman and Peter Kenyon noted earlier Thursday - has turned down help from the Russian Embassy in the U.K. "At the moment I do not wish to avail myself of their services, but, if I change my mind I know how to contact them". Russia has accused Britain of trying to drum up anti-Russian sentiment, suggested the British might hav... [Full Article...]
Trump signs executive order to study US Postal Service
In the executive order, issued just before 9pm, Mr Trump created a task force to examine the service's "unsustainable financial path" and directed the new group to "conduct a thorough evaluation of the operations and finances of the USPS". The U.S. Postal Service has been roiled by the same gale-force technology winds, as Americans abandoned mail for email and other electronic communication. [Full Article...]
Increased Fire Danger This Afternoon
AFFECTED AREA... Fire Weather Zone 073 Ross... But, under the right conditions, risky wildfires can and do develop in the region, especially in open, brush-filled areas where there is dry vegetation. until 8 p.m. These dry conditions remove moisture from vegetation, turning it into "fuel" that can burn quickly if ignited. The high temperature will be 43 degrees, the NWS says. [Full Article...]
Forecast says gas prices will rise 14% this summer
The rise at the pump comes as oil prices have hit their highest level since 2014, more than $67 per barrel, and the region nears the end of its transition to summer gasoline, and as refiners wrap up seasonal maintenance. EIA's projection is up 32 cents from $2.42 a gallon last summer and translates to an annual average increase of nearly $200 per household. Sunday's average was a half-cent more ... [Full Article...]
IShares MSCI Qatar Capped (QAT) Declines 0.4122% for April 12
Getting to that next level should be on the mind of any dedicated trader or investor. Taking a deeper look into the technical levels of Fa MSCI Can Quality Index Class ETF (FQC.TO), we can see that the Williams Percent Range or 14 day Williams %R now sits at -72.90. [Full Article...]
Bed Bath & Beyond Inc. (BBBY) stock ends Yesterday with change of 1.27%
Earnings will be roughly $2 to $2.50 a share this year, the retailer said late Wednesday . $39.56's average target is 84.00% above currents $21.5 stock price. During 2017 Q4 the big money sentiment decreased to 0.74. It's up 0.09, from 0.91 in 2017Q3. For the fiscal year, Bed Bath & Beyond posted net earnings of $424.9 million, or $3.04 per diluted share, versus $685.1 million, or $4.58 per d... [Full Article...]
Netflix Accused of Violating US Tax Law in Bonuses to Top Executives
Wall Street analysts are increasingly optimistic that internet television network Netflix ( NFLX ) will beat expectations when it reports first-quarter results after the market close on Monday. It can either be calculated by means of the standard deviation or variance between returns from that same security or market index. Going back previous 30 days we noticed that NFLX performed along... [Full Article...]
IIP grows 7.1%, inflation falls to five-month low
Inflation in fruits basket was higher. Since January 2012, the government has been releasing consumer price inflation data based on combined data for rural and urban consumers. The rate of price rise in the protein-rich items like eggs, milk and other items too moderated in March over February. Factory output growth recorded a four-month high of 7.1 per cent in February, aided by strong show... [Full Article...]
Tesla clashes with Feds over autopilot crash investigation
Huang was not paying attention to the road, despite the auto providing multiple warnings to do so". "If necessary for public safety, and with the IIC's permission, party coordinators may release information to their respective organizations provided the information is factual, neutral and objective in tone, and without purported NTSB characterization of the matter's contribution to the under... [Full Article...]
Oil climbs to $68.65 as stock market rebounds
JPMorgan Chase (JPM.N), Citigroup (C.N) and Wells Fargo (WFC.N) will kick off the earnings season on Friday . U.S. West Texas Intermediate (WTI) crude futures gained to settle at 63.42 dollars, a 2.2 per cent gain, its largest daily percentage rise since March 23. [Full Article...]
BlackRock, Inc. Stock Rises on Earnings, Revenue Beats
The stock decreased 1.66% or $8.87 during the last trading session, reaching $525.09. About 322,997 shares traded. (NYSE: BLK ). Parallax Volatility Advisers LP has invested 0.01% in BlackRock, Inc . Papp L Roy has 4.97% invested in BlackRock, Inc . (NYSE: BLK ) for 391 shares. Farmers Comml Bank reported 0.14% stake. Sii Investments Wi reported 613 shs. [Full Article...]
Mark Zuckerberg mocked online for using 'booster seat' during Facebook hearing
During one of the more heated lines of questioning, Rep. During yesterday's testimony in front of the Senate Judiciary and Commerce Committees, senators asked Zuckerberg whether or not he considers Facebook to be a monopoly, what type of regulation the company would accept, and what the company is doing to prevent "more Cambridge Analyticas" going forward. [Full Article...]
Volkswagen names Herbert Diess as new CEO
It said the new structure would streamline decision-making in the individual operating units. The new structure will include three brand groups: volume products, premium and super premium. Volkswagen announced the CEO change on Tuesday in a short and cryptic statement, abruptly ending the reign of Mueller who took over at VW a week after it was plunged into its biggest-ever corporate scandal. [Full Article...]
Delta Air Lines revenue rises 9.5 pct
Among 8 analysts covering Delta Airlines (NYSE: DAL ), 8 have Buy rating, 0 Sell and 0 Hold. Delta Air Lines has an average rating of Buy and an average target price of $67.63. The disclosure for this sale can be found here. Insiders have sold a total of 114,250 shares of company stock worth $6,794,500 over the last ninety days. [Full Article...]
Super Eagles move up five places in April FIFA rankings
The team's rise in the latest ranking published on FIFA's official website on Thursday will have been influenced by their performance in two pre-World Cup friendlies last month. Argentina dropped from fourth to fifth, Croatia moved three places down from 15th to 18th while Iceland dropped from 18th to the 22nd position. The Kyrgyz Republic produced the most impressive jump in the FIFA's April ra... [Full Article...]