Money

Amazon Adds Touchscreen And Video Calling To Echo

As with most Amazon products, the Show also works best within the company's ecosystem. Headline new features include the ability to act as a digital photo frame, which pulls any pictures stored on a user's Prime Photos account, showing a song's lyrics on screen when a track is playing played with Amazon Music, relaying video feeds from any connected security cameras, and in what will be the biggest sell, access to video and voice calls. Read More

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Brazil leader denies report he endorsed bribing ex-lawmaker

Brazil leader denies report he endorsed bribing ex-lawmaker

Temer who took office on August 31, 2016, after former President Dilma Rousseff's impeachment, is accused of being involved in a corruption scandal, reports said. "I know what I have done", he said, according to a BBC translation . Despite the potential threat against Temer , Mendes, who is strongly linked to a party that is allied with Temer's, told Reuters in a March interview that the president would not necessarily lose power if the election were annulled because he was not the head ... Read More

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Unemployment Claims Fall to Three-Month Low

Unemployment Claims Fall to Three-Month Low

The four-week moving average declined to 1.946mn from 1.966mn previously and the lowest level since January 1974. USA stock index futures were mostly weaker. Financial markets are pricing in a roughly 69 percent chance of a 25-basis-point hike at the Fed's June meeting, down from 78.5 percent on Tuesday, according to CME Group's FedWatch program. Read More

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Russia, Saudi Arabia agree to extend oil output cuts until March 2018

US West Texas Intermediate (WTI) crude futures were at US$48.98 a barrel, up 13 cents, or 0.3% from their last settlement. News of the joint deal sent crude prices up more than 1.5 percent in Asian trading. US energy firms have added oil rigs for a 17th week in a row, extending a 12-month drilling recovery that is expected to help boost crude production in the United States to a record high next year. Read More

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Alibaba reveals $6 billion share buyback as it misses EPS forecast

Alibaba reveals $6 billion share buyback as it misses EPS forecast

The Chinese e-commerce giant also reported strong fiscal year revenue growth of 56% with annual non-GAAP free cash flow of approximately United States $10 billion, according to Maggie Wu, Chief Financial Officer of Alibaba Group. Despite the revenue growth, Alibaba's adjusted earnings-per-share of 4.35 yuan failed to meet estimates of 4.51 yuan. Alibaba also saw its cloud computing revenue climb 121 percent to US$968 million for the fiscal year, where its paying customer base grew 70 ... Read More

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Ralph Lauren Names Patrice Louvet CEO

Ralph Lauren Names Patrice Louvet CEO

Change is underway at Ralph Lauren: the iconic fashion and lifestyle brand has named a new CEO, Bloomberg reports today . But in over 25 years at P&G, Louvet has overseen the beauty division, grooming division, and prestige division, which includes lines from Gucci and Hugo Boss. Read More

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Average US 30-year mortgage rate slips to 4.02 percent

While the White House scandal was the catalyst for a measurable drop in the past couple days, mortgage rates had already moved a bit lower thanks to a slower than expected rise in consumer prices. One point equals 1 percent of the loan amount. Wednesday, turmoil in Washington over President Donald Trump's alleged Federal Bureau of Investigation scandals sent the Dow Jones Industrial average, and the 10-year Treasury, plummeting. Read More

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Radiation-sniffing plane, U.S. says

Radiation-sniffing plane, U.S. says

While on a routine mission, two Sukhoi Su-30 fighter aircrafts intercepted the USA "sniffer" as it flew over the East China Sea. " The issue is being addressed with China through appropriate diplomatic and military channels ", Air Force spokesperson Lieutenant Colonel Lori Hodge said. Read More

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Salesforce.com, inc. (CRM) Hit 52-Week High

Salesforce.com, inc. (CRM) Hit 52-Week High

In terms of recent volatility, the average for the month is 1.04% and 1.27% for the past week. (NYSE: CRM ) shares were sold by Benioff Marc . The shares were sold at an average price of $89.63, for a total transaction of $896,300.00. Several large investors have recently added to or reduced their stakes in the stock. On Thursday, March 30 BLOCK KEITH sold $823,319 worth of salesforce .com, inc. Read More

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Asks Donald Trump To Stay In The Paris Agreement

UN climate negotiators in Bonn were left frustrated Tuesday as the White House postponed a meeting to determine whether the U.S. will stay in the 196-nation Paris Agreement to curb planet-harming fossil fuel. Many nations and NGOs are urging Trump to stay in the global agreement. China has consistently reaffirmed its commitment to the Paris agreement . Read More

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What's Good in Wal-Mart Q1 Earnings

Cowen & Co's senior research analyst Oliver Chen said "Wal-Mart's commitment to value pricing is driving traffic and growth in grocery and aggressive online strides are impacting comparable sales". Its profit rose to $681 million, or $1.23 a share, from $632 million, or $1.05 a share, in the year-ago period. They expect $0.96 EPS, down 2.08% or $0.02 from last year's $0.98 per share. Read More

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Amazon Prime Reading Launched in UK: Global Roll Out Imminent

Amazon Prime Reading Launched in UK: Global Roll Out Imminent

Prime Reading sees Amazon offering Prime members access to a range of reading material, from popular Kindle books to magazines, short stories, comics and more. The selection of books and magazines that are offered for free under the Prime Reading programme will be rotated every once in a while which will allow users to get a taste of different publications and authors. Read More

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Comac C919 takes off for maiden flight in China

Staff workers check a C919, China's first domestically-built large passenger jet, at a hangar of the Commercial Aircraft Corporation of China (COMAC) in Shanghai, east China, May 4, 2017. "Our second C919 is assembling now and is scheduled to be off the assembly line this year", COMAC test flights engineering director You Liyan told local press. Read More

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Uber officially launches truck freight app; other startups pursuing idea as well

Uber officially launches truck freight app; other startups pursuing idea as well

Uber also is making a big push into the self-driving auto industry, and is planning to demo its first flying vehicle by 2020. The app, available for Android and iOS devices, is very similar to the Uber app. Uber is even willing to compensate drivers for unexpected headaches they may run into in the shipping process. Using a pre-set price, shippers can select drivers to pick up loads. Read More

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Oil prices rise to $52 as Saudi, Russia back longer supply cut

Oil prices rise to $52 as Saudi, Russia back longer supply cut

Brent crude, the global benchmark, had risen $1.20 to $52.04 a barrel by 0847GMT and traded intraday at $52.26, the highest since April 26. The Organization of the Petroleum Exporting Countries meets in Vienna on May 25 to consider whether to extend output cuts agreed in December a year ago between OPEC and 11 non-member countries, including Russian Federation. Read More

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Tax Reform a Must for Restoring Vibrant Growth, Mnuchin Insists

Tax Reform a Must for Restoring Vibrant Growth, Mnuchin Insists

Mnuchin said such a law would hurt companies and access to credit, sparring with Sen. Elizabeth Warren, D-Mass., that he felt that the risks to the economy of breaking up the biggest banks outweighed any benefits of doing so. Mnuchin said if policymakers end up with a proposal that includes an explicit guarantee by the government to backstop the US housing market, it would have to be paid for in a similar way like deposit insurance at the Federal Deposit Insurance Corp. Read More

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Burning Stock on the move: Sirius XM Holdings Inc. (SIRI)

Burning Stock on the move: Sirius XM Holdings Inc. (SIRI)

Approximately 16.8% of the shares of the stock are sold short. The company presently has a consensus rating of Hold and an average target price of $5.21. now shows a Weekly Performance of -2.47%, where Monthly Performance is -6.33%, Quarterly performance is -2.88%, 6 Months performance is 5.78% and yearly performance percentage is 22.4%. Read More

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Trump to hold crunch meeting on Paris climate deal

With the rest of the world waiting for finality ever since, the new president has said he will make his decision before the next G7 meeting on May 26-27 in Sicily. Investors in Australia have backed a press notice calling for the G7 to stick by the Paris agreement and continue driving its implementation for climate change action. Read More

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Sheriff in Detroit fights back against detaining immigrants

Sheriff in Detroit fights back against detaining immigrants

In the three months he has been in office, ICE apprehended 41,318 immigrants, up 37.6 percent over the same period past year, according to new figures the agency released on Wednesday . "ICE's celebratory announcement that it arrested more people than past year misrepresents the true workings of Trump's deportation force", Chris Rickerd, a policy counsel at the ACLU told NBC News . Read More

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Texas lieutenant governor threatens special session for bathroom bill

Texas lieutenant governor threatens special session for bathroom bill

House leaders had earlier opposed an accounting maneuver in the Senate-passed version, likening it to the Enron financial debacle. Chuck Smith, Equality Texas CEO responded stating, "The lt. The Texas Senate gave initial approval Wednesday to legislation that would eliminate straight-ticket voting in all elections. The Republican-led bill would ban people from voting for an entire party's list of candidates by a single ballot marking. Read More

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Abbott Laboratories (ABT) Issues Earnings Results

Abbott Laboratories (ABT) Issues Earnings Results

Earnings per share are calculated by dividing a company's net income by its number of shares outstanding. TheStreet raised shares of Abbott Laboratories from a c+ rating to a b rating in a research note on Wednesday, March 8th. It has a dividend yield of 2.43%. On Tuesday, February 28 ALLEN HUBERT L sold $38,569 worth of Abbott Laboratories (NYSE:ABT) or 857 shares. A total of 3.52 million shares exchanged hands as contrast to its average trading volume of 9.28 million shares. Read More

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Google Inc.'s Android system installed on 2 billion active devices

Google Inc.'s Android system installed on 2 billion active devices

Smart text selection is being introduced in Android O . Google's Android monthly active adoption rate breached the 2 billion mark. Also, the Android O operating system will be responsible for battery improvements. Owners of Android smartphones, tablets, and other devices compatible with Google's omnipresent operating system have installed 82 billion apps from the Google Play Store over the course of 2016, the Alphabet-owned company revealed. Read More

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Talks on airplane laptop ban end with no ban, more talks

The US introduced a ban in March on devices larger than a smartphone on flights from Turkey, Morocco, Jordan, Egypt, the United Arab Emirates , Qatar, Saudi Arabia and Kuwait. European Commissioner for Transport, Violeta Bulc (Photo credit: European Commission). The meeting, a portion of which was conducted in secure facilities, allowed US representatives to discuss specifics about the threat and how it is evolving, according to the USA official. Read More

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