Economy

Gold price and demand taking a correction ahead of predicted rate hike

A speech Friday, Fed Chair Janet Yellen seemed to solidify that the Fed would move in March, but the market was waiting for jobs data this week to confirm. It's lower for a fourth day, while yields on 10-year Treasuries up for a ninth session. Investors cannot take major decisions till the U.S. jobs data is out, since the jobs and inflation data can be key reasons to raise or hold the interest rates. Read More

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Investors Catching Stocks: Intel Corporation (NASDAQ:INTC)

Several other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in Intel Corporation by 1.9% in the second quarter. If you are viewing this piece on another website, it was copied illegally and republished in violation of United States and global copyright laws. The original version of this news story can be read at ... Read More

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Hawaii challenges Trump's new travel ban

Hawaii challenges Trump's new travel ban

According to the lawsuit, the state believes that the sections 2 and 6 of the March 6 executive order signed by Trump are contrary to the Constitution and laws of the United States. Separately, in a case brought by Washington state against the first travel order, the Justice Department on Tuesday (US local time) said it would voluntarily dismiss its own appeal of a Seattle federal court ruling that had suspended the order. Read More

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Osborne to earn £650000 a year advising U.S. financial firm

Osborne to earn £650000 a year advising U.S. financial firm

On the morning of the Budget, Mr Osborne tweeted: "Good luck Philip with the first of what I hope will be many successful budgets". Mr Osborne, who was sacked by Theresa May after she became Prime Minister last June, said he would be donating a £15,000 fee for a speech last month to Lloyds Bank International to charity in his Tatton constituency in Cheshire. Read More

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Morrisons reports first profit growth in five years on turnaround efforts

Morrisons reports first profit growth in five years on turnaround efforts

Wm. Morrison Supermarkets plc (MRWSY) posted it first full-year profits in five years Thursday but cautioned on "uncertain" conditions for grocery store companies in 2017. Morrisons said it has identified further cost savings beyond the 1 billion pounds already achieved. The group's shares have gained more than 16 percent over the past year, and are up by more than one percent in the year-to-date. Read More

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RBC Capital Markets Reaffirms

RBC Capital Markets Reaffirms "Buy" Rating for CSX Corporation (CSX)

One research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and sixteen have given a buy rating to the company. The Company has 52-week high of $49.94 and 52-week low of $24.36. On 5/13/2016 CSX announced a quarterly dividend of $0.18 2.85% with an ex dividend date of 5/26/2016 which will be payable on 6/15/2016. The ex-dividend date is Friday, February 24th. Read More

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Opko Health, Inc. (NASDAQ:OPK)

These price targets are a consensus analysis of 20 brokers. The scale runs from 1 to 5 with 1 recommending Strong Buy and 5 recommending a Strong Sell. When we look at the Volatility of the company, Week Volatility is at 3.09% whereas Month Volatility is at 3.52%. The acquisition was disclosed in a legal filing with the SEC, which is available through this link . Read More

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One Reason the Fed May Hike Soon

One Reason the Fed May Hike Soon

In December the Federal Reserve lifted interest rates for just the second time since the financial crisis, and have signaled that more rate hikes are likely to come soon. The benchmark S&P 500 and Nasdaq composite indexes rose, while the Dow industrials fell, pulled lower by Caterpillar Inc and Merck & Co. The Nasdaq Composite Index was down 21.58 points, or 0.37 percent, to 5,849.17. Read More

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US House Republicans unveil bill to repeal Obamacare

US House Republicans unveil bill to repeal Obamacare

Early assessments of the draft bill suggest that it would make health-insurance coverage practically unaffordable for millions of people and slash Medicaid benefits-the exact opposite of what Trump promised on the campaign trail. Read the full American Hospital Association letter below. While almost every Democratic-controlled state took the money, many Republican governors and legislatures refused it. Read More

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Analyst Upside Underscores Impressive Growth for Brocade Communications Systems, Inc. (NASDAQ:BRCD)

Analyst Upside Underscores Impressive Growth for Brocade Communications Systems, Inc. (NASDAQ:BRCD)

In the past 5 years, the stock showed growth of 8.44% per annum. Sei Investments Co. increased its stake in Brocade Communications Systems by 0.5% in the third quarter. The business also recently disclosed a quarterly dividend, which was paid on Wednesday, January 4th. Stockholders of record on Friday, March 10th will be given a dividend of $0.055 per share. Read More

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UK Chancellor raises NI rate for self-employed

As previously announced, Class 2 NICs, which are now for the self-employed only, are being abolished in April 2018. But it's not only self employed small business owners being hit by a Spring 2017 Budget tax grab. Speaking to Sam Delaney, Dowd pointed out that local authorities, which are responsible for social care, "have had £4.8 million over the last five or six years". Read More

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What is the Street Saying About Lloyds Banking Group Plc (NYSE:LYG)?

Analyst forecasts, earnings estimates and price target projections are issued to help their clients make money through stock investments. BT Group plc has a one year low of $19.14 and a one year high of $33.89. Also, insider Gavin Patterson purchased 47,404 shares of the firm's stock in a transaction on Tuesday, February 7th. Investors of record on Thursday, April 6th will be issued a GBX 2.20 ($0.03) dividend. Read More

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United Kingdom growth forecast for 2017 revised up

It confirmed that stronger-than-expected consumption was behind the UK's economic resilience following the Brexit vote, but said consumers were now taking on more debt or plundering their savings in order to keep spending. Finance minister Philip Hammond said on Wednesday that the budget deficit for the current financial year was expected to fall to 51.7 billion pounds ($62.9 billion), lower than a shortfall of 68.2 billion pounds foreseen in a budget update in November. Read More

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House Freedom Caucus Members Face Crossroads Over Health Care Proposal

Paul in the Senate and Mark Sanford in the House". Vote on what he voted for, what nearly every single Republican voted for just 15 months ago in the House and Senate. Not every member of the House Freedom Caucus was diametrically opposed to the legislation, however. "The Obamacare lite bill says that you will pay the penalty not to the government, but to the insurance company". Read More

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Risky conditions lead to wildfire outbreaks across the US

Risky conditions lead to wildfire outbreaks across the US

The vast majority of the state's burned land is in Clark County, where 30 structures were damaged, said Allison Kuhns, a spokeswoman for the county's emergency management office. So far two homes have been lost in the fire. Residents of Glazier were also evacuated and were told to go to the Canadian High School gymnasium. The Kansas fires forced the closure of some roads, including two short stretches of Interstate 70 in the central part of the state. Read More

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Senate passes bill ending Obama-era land rule

Senate passes bill ending Obama-era land rule

The Obama Administration finalized the BLM Planning 2 .0 Rule in December. Planning 2.0 was a strong rulemaking, based on extensive public input. We are disappointed that Congress has voted to pull back from this policy improvement. By using a brash tactic like the CRA to undue a rule developed with broad public involvement, members of Congress who know little about Western land and resource management planning made a decision that will have lasting effects on Westerners. Read More

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The Urban Outfitters, Inc. (URBN) Downgraded by Vetr Inc

The Urban Outfitters, Inc. (URBN) Downgraded by Vetr Inc

The stock has a high price target of $120 according to consensus of 15 analysts. This was up from $1.01 billion a year ago. The P/E ratio was recorded at 13.34.The volatility in the previous week has experienced by 4.43% and observed of 3.45% in the previous month.82.00% ownership is held by institutional investors while insiders hold ownership of 0.10%. Read More

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UK - Self-employed taxes expected to rise in Spring Budget 2017

UK - Self-employed taxes expected to rise in Spring Budget 2017

It calculated that a self-employed taxi driver, with average earnings of £17,300, would be £20 worse off per year, while a self-employed management consultant, with average earnings of £51,100, would be £620 worse off. The Resolution Foundation estimated that 96 per cent of the tax would be paid by the top half of highest earning households, with most of the revenue collected from the top-earning 10 per cent. Read More

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Surging China iron ore imports can't stem price decline

Surging China iron ore imports can't stem price decline

While iron ore prices have shown surprise strength since 2016, analysts remain bearish, and each time iron ore prices fall under pressure this leaves the market wondering if it is finally time for a correction. Arrivals for the first two months of 2017 totalled 42.61 million tonnes, up a massive 48.5%. This can be seen by the sharp increase in exports of refined fuels, with 4.26 million tonnes being shipped out in February, up 40.1 percent from January's 3.04 million. Read More

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Qatar Airways unveils new Business Class

Qatar Airways unveils new Business Class

Adjustable privacy panels and TV monitors allow passengers to create their own private space or create "rooms" with adjoining seats if travelling with colleagues, friends or family. "W$3 e offer more choices than any other airline". "It only makes sense to give you the choice to make your own cabin-within-a-cabin". In 2016, Qatar Airways named the best business class in the world by consumer aviation website Skytrax . Read More

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Urban Outfitters Inc. (NASDAQ:URBN)

Urban Outfitters Inc. (NASDAQ:URBN)

Several other research firms also recently weighed in on URBN. Previously on 3/6/2017, Vetr Inc. reported on Urban Outfitters (NASDAQ: URBN ) upped the target price from $0.00 to $28.87. Robecosam AG now owns 5,000 shares of the apparel retailer's stock valued at $172,000 after buying an additional 1,000 shares during the last quarter. Read More

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Turner & Warner Bros. Prep Boomerang Cartoon Streaming Service

Turner & Warner Bros. Prep Boomerang Cartoon Streaming Service

Yet another streaming service is entering the overcrowded OTT marketplace - and this time it's dedicated to cartoons. Boomerang is definitely more of a niche offering as opposed to something along the lines of Hulu or Netflix, but Time Warner will still need to do a good deal of marketing if it wants to convince people to spend $5 each month on yet another streaming service - especially when the regular Boomerang TV channel can already be accessed through traditional television ... Read More

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Why Urban Outfitters, Inc. Stock Is Slipping Today

Why Urban Outfitters, Inc. Stock Is Slipping Today

BMO Capital Markets reissued a "market perform" rating and issued a $34.00 price objective on shares of Urban Outfitters in a research report on Wednesday, November 23rd. The original version of this piece of content can be accessed at https://baseballnewssource.com/markets/urban-outfitters-inc-urbn-price-target-cut-to-26-00-by-analysts-at-cowen-and-company/490947.html. Read More

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