Money

Asian stocks lower as US, NKorea nuclear tensions rise

Asian stocks lower as US, NKorea nuclear tensions rise Emerging market stocks lost 1.03 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan closed 0.63 per cent lower, while Japan's Nikkei lost 1.29 per cent. Dow member Disney dropped 3.9 percent as it reported flat third-quarter revenues due in part to weakness in its cable subscription business. It is still the best performing G10 currency so far this year with gains of mor... [Full Article...]

Colony Starwood Homes (SFR) Stake Lowered by UBS Group AG

Colony Starwood Homes (SFR) Stake Lowered by UBS Group AG State Street Corp owned approximately 2.52% of Colony Starwood Homes worth $86,736,000 at the end of the most recent reporting period. Several other institutional investors have also recently added to or reduced their stakes in SFR . The firm's revenue was up 7.4% on a year-over-year basis. Zacks Investment Research lowered shares of Invitation Home from a "buy" rating to a "hold" rati... [Full Article...]

Trading Statistics of AstraZeneca PLC (AZN)

Trading Statistics of AstraZeneca PLC (AZN) Teachers Advisors LLC boosted its stake in Astrazeneca PLC by 4.0% in the fourth quarter. The Rutabaga Capital Management Llc holds 844,268 shares with $21.68 million value, up from 733,701 last quarter. As per Friday, February 12, the company rating was maintained by Maxim Group. The ex-dividend date is Wednesday, August 9th. This represents a dividend yield of 0.7%. [Full Article...]

North Korea nerves push stocks down for third day, lift gold

North Korea nerves push stocks down for third day, lift gold Data released overnight by RICS was weighing on housebuilding stocks, with the figures suggesting that declines are starting to spread beyond London as political uncertainty and tax changes weigh on the top end of the market . Japan's Nikkei 225 Index edged down by 0.1%, while Hong Kong's Hang Seng Index tumbled by 1.1%. In currency markets, the Canadian dollar was trading at an average price... [Full Article...]

With two U.S. military bases and THAAD, Guam feels secure

With two U.S. military bases and THAAD, Guam feels secure Australia's S&P/ASX 200 edged up 0.2 percent to 5,779.20, while South Korea's Kospi fell 1.1 percent to 2,342.19. Most Asian currencies stumbled, with the Korean won on pace for its biggest fall in almost eight weeks. Japanese stocks finished slightly lower after a choppy session on Thursday, as investors kept a wary watch on tension over North Korea ahead of Japan's long weekend. [Full Article...]

Bank of England to continue using 'animal fat' in notes

Bank of England to continue using 'animal fat' in notes The additional cost of switching to a new type of production had risen to about £16.5m over the next 10 years, according to the Bank. "The use of palm oil raises questions about environmental sustainability and the Bank's suppliers have been unable to commit to sourcing the highest level of sustainable palm oil at this time". [Full Article...]

Coca-Cola European Partners PLC

Coca-Cola European Partners PLC Lastly, BMO Capital Markets reduced their price objective on Coca-Cola Company (The) from $47.00 to $46.00 and fixed a "market perform" recommendation for The corporation in a study report on early Mon, Jul 31st. Cribstone Capital Management LLC now owns 4,020 shares of the company's stock valued at $171,000 after buying an additional 1,241 shares in the last quarter. [Full Article...]

Disney to rival Netflix and Amazon with own streaming service

Disney to rival Netflix and Amazon with own streaming service Disney , meanwhile, apparently acknowledged a changed world by announcing that it would end its streaming deal with Netflix ( NFLX ) and launch a streaming service of its own. Enter BAMTech. Last year Disney pumped $1 billion into the company that now powers its ESPN streaming app. "We're very proud of the content distribution innovations driven by MLBAM and BAMTech over the past 15 ye... [Full Article...]

Tesla Model 3: Buyers & Cancelled Orders Suffer Lengthy Delays

Tesla Model 3: Buyers & Cancelled Orders Suffer Lengthy Delays In an attempt to apply what he learned from the previous models, Musk has reportedly revealed the batteries that will come with the Tesla Model 3 . "Sources talking to Fred Lambert of Electrek commented that Elon Musk recently stated that Gigafactory 1 in Nevada is "...already producing more batteries than any other factory in the world". [Full Article...]

Lego appoints new CEO to replace interim boss

Lego appoints new CEO to replace interim boss Mr Padda, who was only appointed in December as part of a wide-ranging management shake-up, will retain a role at the firm as a special adviser. Christiansen will take over as CEO on October 1. Knudstorp describes Christiansen as "one of the strongest CEOs of his generation" and states that he is "confident that under Niels, the LEGO Group will continue to flourish and bring play experiences to ... [Full Article...]

Barrick Gold Corporation (NYSE:ABX) Stake Reduced by James Investment Research Inc

Barrick Gold Corporation (NYSE: ABX)'s stock has performed at 3.25%. TRADEMARK VIOLATION NOTICE: " Barrick Gold Corp (ABX) to Post FY2017 Earnings of $1.06 Per Share, Jefferies Group Forecasts" was published by TheOlympiaReport and is the property of of TheOlympiaReport. [Full Article...]

Blue Apron stock plunges 15% despite posting better-than-expected revenue

Blue Apron stock plunges 15% despite posting better-than-expected revenue CNBC reported that Blue Apron said it was encountering unexpected costs tied to the start up of its new Linden, New Jersey, facility. The company had revenue of $238.10 million for the quarter, compared to the consensus estimate of $235.78 million. [Full Article...]

The questions Google's CEO will have to answer today

The questions Google's CEO will have to answer today In the controversial 3,000 word memo sent by Damore , the 28-year-old engineer blamed the gender pay gap in the tech industry on biological differences between men and women. She added that a male employee had joined her team with a higher salary than her, despite her being his superior in the company. At Uber, 64 percent of employees said they think Damore was unfairly fired. [Full Article...]

Stocks Extending Pullback Amid Geopolitical Concerns

Stocks Extending Pullback Amid Geopolitical Concerns In another statement citing a different military spokesman, North Korea also accused the United States of devising a "preventive war" and said any plans to execute this would be met with an "all-out war wiping out all the strongholds of enemies, including the USA mainland". [Full Article...]

'US would win': Mattis warns North Korea

'US would win': Mattis warns North Korea Gold added $16.60, or 1.3 percent, to settle at $1,273.00 an ounce. Hours after Trump spoke, and apparently in response to military exercises by the US earlier in the week, Pyongyang warned it would carry out pre-emptive military strikes against the USA, including the Pacific territory of Guam . [Full Article...]

6 people injured after bus crashes into shop in London

6 people injured after bus crashes into shop in London A bus driver has been taken to hospital following a crash into a shop on a London high street. Another witness, Matthew Corner, ‏ tweeted: "Bus crash on Lavender Hill looked bad". "He doesn't remember hitting anything". Another passenger, Andrew Matthews, 34, said around a dozen were on board when the bus began to drift off the road. [Full Article...]

Walmart Apologizes For 'Terrible' 'Own The School Year' Sign Above Guns

Walmart Apologizes For 'Terrible' 'Own The School Year' Sign Above Guns One Twitter user demanded that the retailer "explain this", while another asked, "What are you suggesting?" Given the history of high school mass shootings in the United States, many took offence to the apparent message. The back-to-school campaign was launched in mid July, and clearly was not supposed to be placed above the gun rack. "This is frightful", the company said in a tweet. [Full Article...]

FIBA Asia Cup: Terrence Romeo stars in Gilas' shock win over China

FIBA Asia Cup: Terrence Romeo stars in Gilas' shock win over China The Philippines and China have a long history in competitive basketball . As the Philippines' long-time nemesis in global basketball, there was absolute bad blood between Gilas Pilipinas and South Korea when both countries met in the 2013 FIBA-Asia Championships in Manila . [Full Article...]

Rathbone Brothers plc (LON:RAT) PT Raised to GBX 2500

Rathbone Brothers plc (LON:RAT) PT Raised to GBX 2500 Investec reiterated a buy rating and set a GBX 530 ($6.90) price target on shares of Robert Walters PLC in a research note on Wednesday, July 26th. The rating was maintained by Numis Securities on Wednesday, April 5 with "Add". As per Monday, April 4, the company rating was maintained by Barclays Capital. The rating was upgraded by Swedbank on Friday, July 31 to "Buy". The rating was maintained by... [Full Article...]

Asian stocks mostly lower on growing unease over North Korea

Asian stocks mostly lower on growing unease over North Korea Gold was the big victor Wednesday as stocks pared back to moderate losses and Walt Disney (DIS) dragged on the Dow, while Netflix ( NFLX ) and Priceline Group (PCLN) hindered the Nasdaq and retailers took some brutal hits after reporting second-quarter results. [Full Article...]


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