Economy

Sensex recovers 172 points on global cues

Sensex recovers 172 points on global cues

The Sensex was trading up 193.62 points or 0.66% at 29,430.77. The broader Nifty was down 0.75 percent at 9,039.60 by 0635 GMT, while the benchmark Sensex was 0.69 percent lower at 29,218.19. Foreign portfolio investors (FPIs) bought shares worth a net Rs 543.35 crore on Friday, as per provisional data. "Global headwinds on account of (Donald) Trump's failure on U.S. Read More

Continue Reading »

US home prices rose in January by most in 2 ½ years

US home prices rose in January by most in 2 ½ years

The three other major indices, from FHFA, CoreLogic, and Black Knight Financial Services had posted annual gains for January that ranged from 0.2 to 0.5 percentage points below the increases in December. The Case-Shiller indices reflect repeat sales of single-family homes, with a two-month reporting delay. Other readings had home prices moving up a little slower pace in January. Read More

Continue Reading »

California air regulators vote to keep tough fuel standards

California air regulators vote to keep tough fuel standards

The cuts will come from a combination of heightened efficiency requirements, inspection mandates and rules meant to ensure that leaks are discovered and fixed swiftly. Environmentalists said the changes are welcome but that California must continue to clamp down on "dirty oil and gas operations". Today, California and federal standards are mostly the same. Read More

Continue Reading »

China and Australia Boost Trade Ties

China and Australia Boost Trade Ties

Australia urged China Thursday to press ahead with economic reforms as Premier Li Keqiang began a trade-focused visit amid growing fears of a United States slide towards protectionism. China and Australia signed a clutch of agreements on Friday, including boosting two-way agricultural trade and on infrastructure cooperation. English said Paul Goldsmith, New Zealand's regulatory reform and innovation minister, would attend a "One Belt, One Road" summit in Beijing in May. Read More

Continue Reading »

William Blair Comments on Duluth Holdings Inc's FY2018 Earnings (DLTH)

William Blair Comments on Duluth Holdings Inc's FY2018 Earnings (DLTH)

Dimensional Fund Advisors LP purchased a new position in shares of Duluth Holdings Inc (NASDAQ:DLTH) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Wunderlich set a $36.00 price target on Duluth Holdings and gave the stock a "buy" rating in a report on Monday, December 5th. For trailing twelve months, EPS value for the stock is $-1.26. Read More

Continue Reading »

Kerr, Martin, Chun tied for Kia Classic lead at 66

Kerr, Martin, Chun tied for Kia Classic lead at 66

Ko, who was the defending champion in the event, bogeyed two of her final three holes at Aviara Golf Club in Carlsbad, Calif., to finish with a 36-hole total of 2-over 146 - a shot off the cut of 1 over par. The Kia Classic was the seventh tournament of 2017 on the LPGA Tour. Ko and Lizette Salas each fired four rounds last week without a bogey, a feat achieved by only two other players since 2011. Read More

Continue Reading »

Can't take suo moto action against Sena MP for assault, says Speaker

Gaikwad was scheduled to fly back from Delhi to Pune on an Air Indian flight but the airline cancelled his return ticket as well. Members of the FIA also include Go Air, Spice Jet, Jet Airways, and IndiGo. The national carrier has filed two FIRs against the MP, while the Shiv Sena has sought an explanation from him. Earlier in the day, the MP from Osmanabad in Maharashtra downplayed reports suggesting that Air India is considering banning him from boarding its flights. Read More

Continue Reading »

Apple announces a new iPad, iPhones

Further, Apple has also chose to double the storage on the smaller iPhone SE while keeping the United States dollars 399 starting price. Apple has been a major corporate donor, contributing more than $130 million to the fund through its partnership, (RED)'s CEO Deborah Dugan said in a statement . Read More

Continue Reading »

GOP Medicaid bill: Counties see mandate relief

GOP Medicaid bill: Counties see mandate relief

The letter sent Wednesday by Eric Goldstein, the CEO of the UJA-Federation of NY, opposes provisions in the bill that would shift funding for Medicaid to block grants given to states. The proposal evoked memories of the "Cornhusker Kickback", a Medicaid sweetener added to the Democratic health care bill in 2009 to secure support from then-Sen. Read More

Continue Reading »

Tesla raises $1.2B ahead of production of Model 3 sedan

Tesla raises $1.2B ahead of production of Model 3 sedan

The speculations were fueled by a statement by Musk previous year in which he said that the company was "close to the edge" on its requirement for cash. and not far off from Ford Motor Co., rival automakers that sell millions of cars a year. It is too early to even discuss about this future electric vehicle as Musk has recently tweeted that the biggest priority for the company is Model 3 . Read More

Continue Reading »

Uber suspends self-driving cars after crash

In the meantime, Uber suspended testing of its self-driving cars in Arizona, Pittsburgh, and San Francisco for at least the remainder of Saturday. "There were no serious injuries". The accident has once again raises questions regarding the safety of autonomous driving technology and how it will interact with other drivers on the road. Read More

Continue Reading »

Australian prime minister won't choose between China and US

Australian prime minister won't choose between China and US

This year marks the 45th anniversary of China's diplomatic ties with Australia. We have relatively larger trade deficits against some developed countries, he said. Minister for Trade, Tourism and Investment, Steven Ciobo, said increasing the number of approved meat processing establishments will create more export opportunities for red meat trade with China . Read More

Continue Reading »

Saudi Arabia Cut Crude Exports in January After OPEC Agreement

On Tuesday, the American Petroleum Institute reported USA inventories climbed by 4.5 million barrels to 533.6 million last week, a bigger rise than the 2.8 million analysts forecast. While oil prices remain under pressure and headed for a decline thanks to rising USA inventories, the oil markets are also awaiting signs of declining numbers from OPEC countries and with the current long liquidation taking place, prices can now sink by as much as $45 which were the levels prior to the OPEC ... Read More

Continue Reading »

Mnuchin: Tax reform will be easier sell to Congress

Mnuchin: Tax reform will be easier sell to Congress

When asked just how far away that was Mnuchin , after baulking at Allen's suggestion of "seven more years" said he thinks that it's "50 to 100 more years". "Well, I'm not allowed to promote anything that I'm involved in", Mnuchin told Axios Executive Editor Mike Allen during an interview event hosted by the media company. Read More

Continue Reading »

Spotify Plans to Expand Programmatic Advertising After Acquiring MightyTV

Spotify Plans to Expand Programmatic Advertising After Acquiring MightyTV

While Spotify has on-boarded the complete MightyTV team, the most significant addition to the team will have to be the founder Brian Adams . Financial details of the deal were not disclosed publicly, with Spotify vice president of product Jason Richman claiming the content recommendation ecosystem MightyTV, a company that has raised $4.25m since the launch of its app a year ago. Read More

Continue Reading »

InterCloud Systems, Inc. (ICLD) Performance Analysis

In recent action, InterCloud Systems, Inc. InterCloud Systems Inc (OTCMKTS:ICLD) have shown a EPS growth of N\A in the last 5 years and has earnings growth of N\A yoy. The company's quick ratio for most recent quarter is 0.40. You can get a sense of how sustainable that is by a levered free cash flow of $-10.19 Million over the past twelve months. Read More

Continue Reading »

Big Brother Naija : 5 things you probably missed on day 64

Big Brother Naija : 5 things you probably missed on day 64

I thought Debie-Rise and TBoss would put me up and I was surprised when I didn't hear my name. "I totally saw it coming!" she said. She was the closest to him in the house and they spent many hours making music together. Speaking after the show, Ebuka Obi-Uchendu asked if he would date DebbieRise outside the house and the evicted housemate said he has a girlfriend already. Read More

Continue Reading »

Ford Investing in Three Michigan Plants, Trump Says on Twitter

The publication states it's too early to tell how many jobs will be created or retained. However, one of the sources characterized the investments as "significant". It was not immediately clear whether Ford was taking new steps or acting on previously planned or announced investments. The move comes at a time when US new vehicle and truck sales are at an all-time high and investors are watching closely for signs of a possible downturn in the highly-cyclical industry. Read More

Continue Reading »

Turkish Airlines begins US, UK electronic device ban

Airlines affected by the carry-on electronics ban have faced a hard decision on how to publicly react since the move was enacted by the US earlier this week. Ironically none of the countries affected by this order were in the list including the controversial travel ban decree issued by President Donald Trump after taking office in January. Read More

Continue Reading »

Investment firm founder settles suit with former company for millions

Investment firm founder settles suit with former company for millions

Mr Gross had alleged that Pimco "wrongly and illegally" denied him pay and damaged his reputation after a row with Mohamed El-Erian, his former chief executive, in 2014. "Bill has had an enormous influence on PIMCO and the careers of many who have passed through its halls". "I'm glad that we have had the opportunity to work through those [disagreements], and see the Pimco founders receiving the recognition they deserve", Gross said. Read More

Continue Reading »

Tesco to pay £129m for overstating profits

The retailer has reached a deferred prosecution agreement (DPA) with the Serious Fraud Office (SFO) following an investigation over the past two-and-a-half years. Conduct by issuers in the primary market affects the integrity of investments and securing compensation is an important step in ensuring effective access to redress for those investors, especially for the very significant number of retail investors that this redress scheme will benefit, whether they invested privately or through ... Read More

Continue Reading »

Many governors welcome demise of GOP health care bill

Many governors welcome demise of GOP health care bill

AHCA was hotly debated on the House floor today for five-plus hours before reporting from The Washington Post's Robert Costa confirmed that President Trump had asked for the bill to be pulled. It required insurers to cover "essential" services, including mammograms, and barred them from refusing policies to the very sick or others with pre-existing health conditions. Read More

Continue Reading »

United Airlines bars two girls from boarding for wearing leggings

United replied to Watts with a rather poor response, stating that the airline has "the right to refuse transport for passengers who are barefoot or not properly clothed ". But the policy at United, which has mostly male leadership , is notable for one thing: Many of its clothing rules apply mainly to women. But little did Watts know, the three passengers were flying as friends and family of a United employee, as part of the "Pass Riders" program. Read More

Continue Reading »

U.S. stocks close lower as investors weigh health care defeat, tax reform

U.S. stocks close lower as investors weigh health care defeat, tax reform

US stocks closed mixed Monday, with the Dow Jones Industrial Average extending its losing streak to an eighth straight day, after the House pulled a key healthcare bill ahead of a vote last Friday. Traders continue to take a risk-off approach, after the healthcare bill to repeal and replace Obamacare was pulled amid gridlock in Capitol Hill. Hint: there are big differences between Republicans in the House, and the House and Senate on tax reform. Read More

Continue Reading »