Economy

Dollar steadies on March rate hike prospects, euro slips

The dollar index, which measures the greenback against a basket of six major peers, last traded at 101.65.DXY, ticking up from a one-week low of 101.22 on Monday. We reiterate our view that we expect two rate hikes from the Fed in 2017, starting in the first half of the year. "Investors are seeing difficulty for Trump to immediately legislate tax cuts and infrastructure spending". Read More

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Cruise Line Private Island Will Get a Pier

Cruise Line Private Island Will Get a Pier

The Harmony of the Seas, now sailing from Port Everglades, presumably will remain there while the Oasis of the Seas continues at Port Canaveral, Fla. The new vessel will also offer features unique to the ship which are yet to be revealed, a spokesperson for Royal Caribbean told Telegraph Travel. Read More

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General Motors Sells Opel, Vauxhall to PSA for $2.3 Billion (GM)

General Motors Sells Opel, Vauxhall to PSA for $2.3 Billion (GM)

But it will raise questions about the fate of thousands of jobs in Europe, and particularly the United Kingdom, where Brexit could make it even harder for Vauxhall's plants to compete. The transaction also sees GM retain most of Opel's pensions deficit, estimated by analysts at $10 billion. PSA has done it before and there is no other way to realistically achieve the cost savings they have in mind, which might possibly mean plant closures as well. Read More

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Featured Stock to Focus: American Eagle Outfitters, Inc. (NYSE:AEO)

Featured Stock to Focus: American Eagle Outfitters, Inc. (NYSE:AEO)

The company has a market cap of $2.72 billion, a PE ratio of 11.61 and a beta of 0.91. They noted that the move was a valuation call. American Eagle Outfitters , Inc. American Eagle Outfitters (NYSE:AEO) traded down 0.556% during midday trading on Wednesday, hitting $15.205. BlueFin Research downgraded American Eagle Outfitters from an "outperform" rating to a "market perform" rating in a research note on Monday, November 7th. Read More

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Stock On the Run: Express Inc. (NYSE:EXPR)

In the last trading session, The Company traded 3.01 Million shares. Post-earnings, EXPR stock ranged between $10.4 and $10.95 after opening the day (12/02/2016) at $10.54. Express also updated its Q1 guidance to ($0.04)-0.00 EPS. The High end of the forecast is $0.71/share, while the Low end is $0.6/share. Express, Inc . Read More

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Frontier Airlines adds new nonstop flights from Dulles

Frontier Airlines adds new nonstop flights from Dulles

With the Frontier flights, Indianapolis travelers will have three different options for nonstop flights to Las Vegas. Frontier is offering special introductory fares as low as $29 on the new routes. The eastbound Flight 1148 departs Las Vegas at 11 p.m., arriving at 6:37 a.m. the following morning. Flight 1149 will depart Dulles at 9:45 p.m., arriving in Las Vegas at 11:56 p.m. Read More

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Here's How Women's Web Sites Will Cover the Women's Strike

But for those who are planning to strike, the Day Without a Woman signals a change in the meaning of International Women's Day, which has traditionally been more about "raising awareness" than direct political action. But the largest health care union in the nation - an industry dominated by women - has chosen to sit out the Day Without a Woman completely. On the Women's March website, the issue of whether or not the event caters to the privileged is addressed in an FAQ section where the ... Read More

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Glenview Trust Co Invests $530000 in Starbucks Co. (SBUX)

Glenview Trust Co Invests $530000 in Starbucks Co. (SBUX)

United Bank bought a new position in Starbucks during the fourth quarter worth $1,031,000. Fusion Family Wealth LLC bought a new stake in shares of Starbucks during the fourth quarter valued at $123,000. Investors of record on Thursday, February 9th were given a $0.25 dividend. The ex-dividend date was Tuesday, February 7th. Starbucks Corporation's payout ratio is 51.28%. Read More

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CSX railroad workers injured after train derailment

CSX railroad workers injured after train derailment

None of the cargo spilled, but diesel is leaking from the locomotive, according to Doolittle. Besides the sulfuric acid, it was also carrying sodium hydroxide and corn oil, as well as cardboard and glass. Police believe the train was following protocols, sounding its horn and traveling about 30 miles per hour or within the posted speed limit at the time of the incident. Read More

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Saudi minister warns against 'free riders' in oil market

Saudi minister warns against 'free riders' in oil market

Technically, MCX Crude Oil price continued to broadly consolidate in a range last week, closing down by about 1.6% for the period after failing to hold at higher levels. The EIA will publish inventory data this week that is also forecast to show an increase. Via a commentary on the bulletin, OPEC said the projection of Mohammed Barkindo, its secretary-general - that the world was about to turn a historic page in oil history - is now becoming a reality. Read More

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Interpublic Group of Cos. (IPG) Stake Decreased by Zurcher Kantonalbank Zurich Cantonalbank

The SEC filing shows that CARROLL CHRISTOPHER F performed a sale of 22,000 shares. At the end of Dec reporting period, 233 institutional holders increased their position in The Interpublic Group of Companies, Inc . (NYSE:IPG) where BofA/Merrill provided Buy rating on the stock on 2-Mar-17. Interpublic Group of Companies (NYSE:IPG) last announced its quarterly earnings data on Friday, February 10th. Read More

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Earnings Estimates Highlights: Ciena Corporation (NYSE:CIEN)

Earnings Estimates Highlights: Ciena Corporation (NYSE:CIEN)

The Weekly and Monthly Volatility stands at 2.25% and 2.15%. The company has a market cap of $3.69B and now has 142.83M shares outstanding. The firm's 50-day moving average is $25.05 and its 200 day moving average is $22.86. Finally, Quentec Asset Management LLC increased its stake in shares of Ciena by 55.7% in the second quarter. According to their observations and findings, the stock could provide a high EPS of $0.44/share and a Low EPS of $0.35/share. Read More

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Education gets 24 per cent in Delhi budget

Education gets 24 per cent in Delhi budget

To promote the national capital as a destination for film shooting, the Delhi government today proposed introduction of a single window clearance mechanism for completion of all formalities under one roof. "The total number of motor vehicles on the roads of Delhi as on March 31, 2016, touched 97.05 lakh, showing an increase of 9.94% over the previous year", the survey said, adding: "The road network of Delhi has increased from 32,131 lane km in 2007-08 to 33,868 lane km in 2015-16". Read More

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Rite Aid Corporation (NYSE:RAD)

Rite Aid Corporation (NYSE:RAD)

Higher EPS estimate is noted at $0.03 while lowest EPS estimate among analysts is targeted at $0.02. Rite Aid Corporation (RAD ) stock price distance from twenty day simple moving average slumped at -4.40% while its distance from fifty day simple moving average declined -22.00% along with -26.09% below distance from two hundred simple moving averages. Read More

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Hot Stock Overview: AstraZeneca PLC (NYSE:AZN)

UBS maintained AstraZeneca plc (LON:AZN) on Wednesday, January 11 with "Buy" rating. Finally, JPMorgan Chase & Co. reissued a "neutral" rating on shares of AstraZeneca plc in a research report on Tuesday, December 13th. The firm also recently declared a semiannual dividend, which will be paid on Monday, March 20th. This represents a dividend yield of 6.81%. On 7/29/2016 AstraZeneca plc announced a dividend of $0.44 with an ex dividend date of 8/10/2016 which will be payable on 9/12/2016. Read More

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Caterpillar shares fall after tax, accounting fraud report

Caterpillar shares fall after tax, accounting fraud report

No arrests were made and the company said it was cooperating. Caterpillar said the search warrant was "broadly drafted", but it believed the investigation was over its Swiss affiliate, CSARL. Caterpillar's "transfer pricing accounting was under a microscope and we haven't really heard anything on these for a long time ". The federal government has commissioned a report which says the heavy equipment company avoided paying billions in US taxes through its Swiss subsidiary. Read More

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H & R Block Inc (HRB) Announces Quarterly Earnings Results

H & R Block Inc (HRB) Announces Quarterly Earnings Results

For annual bases, the firm attains $1.62 per-share earnings for FY 2016 trends against $1.73 for fiscal year 2017 Trends, views extracted from WSJ. H & R Block Inc (NYSE:HRB) plunged -0.05% or -0.01 points during previous trade after opening at the price of $21.03, a total of 4.04M shares exchanged hands compared with its average trading volume of 3.04M shares. Read More

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Hewlett Packard Enterprise Company (NYSE:HPE)

Hewlett Packard Enterprise Company (NYSE:HPE)

Hewlett Packard Enterprise Company is a provider of technology solutions. Movements above 70 are interpreted as indicating overbought conditions; conversely moves underneath 30 notify oversold conditions. Sell-side analysts taken into consideration by Zacks have also provided price target estimates on shares of athenahealth, Inc. So is with Hewlett Packard Enterprise Company . Read More

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CERAWeek: OPEC Chief Dismisses Oil Price War

CERAWeek: OPEC Chief Dismisses Oil Price War

US crude futures, also known as West Texas Intermediate (WTI), fell 19 cents, or 0.3 percent, to $53.14 a barrel as of 0109 GMT after closing the previous session up 1.4 percent. The department forecast increases to 9.2 million barrels a day this year and 9.7 million - a possible record - in 2018 in a market outlook issued Tuesday. Read More

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5-Year Energy Outlook Forecasts Spike In Oil Prices

5-Year Energy Outlook Forecasts Spike In Oil Prices

OPEC's next meeting is scheduled for May, and Al-Falih said the oil group and its partners will discuss what to do for the second half of this year. "Prices could push into the mid $60s as global inventories start to fall on the back of OPEC output cuts, even if US output rises", said Daniel Hynes, an analyst with ANZ Bank. Read More

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Fitbit announces the Alta HR, Sleep Stages, and Sleep Insights

Fitbit announces the Alta HR, Sleep Stages, and Sleep Insights

That includes the Fitbit One, Flex 2, Alta, Alta HR, Charge 2, Blaze and Surge, along with older trackers like the original Flex, Charge and Charge HR. A good night's sleep plays a critical role in health and overall well being. It also knows how many times you wake up each night and combines all this information together to give you a better understanding of your sleeping patterns. Read More

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Boeing Rolls Out Max 9 Narrowbody En Route to April First Flight

Boeing Rolls Out Max 9 Narrowbody En Route to April First Flight

The MAX 9 model is nearly nine feet longer than the MAX 8's 129 feet 8 inches, and it carries 178 passengers in two classes compared to the MAX 8's 162 in a similar configuration. He argues that the A321neo will be only 38.1cm longer than the 737 Max 10X, which is hardly room enough to squeeze in 10 more seats. "The 737 MAX team continues to do a fantastic job getting us to these important milestones right on schedule", said Keith Leverkuhn, vice president and general manager of the 737 MAX ... Read More

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Cognizant Technology Solutions Corp (CTSH) Position Increased by Dimensional Fund Advisors LP

The difference between the estimated and actual earnings was $0.01 per share. In other news, EVP Allen Shaheen sold 2,305 shares of the business's stock in a transaction that occurred on Friday, March 3rd. William Blair reissued a "market perform" rating on shares of Cognizant Technology Solutions Corp in a research report on Tuesday, November 29th. Deutsche Bank AG restated a "buy" rating on shares of Cognizant Technology Solutions Corp in a research report on Tuesday, November 8th. Read More

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