Money

US Secretary of State Starts Tour in East Asia

North Korea's official name is the Democratic People's Republic of Korea. He also says, "THAAD also provides a longer-range BMD capability that may force an attacker to create more complex salvos to defeat USA missile defenses". would respect South Korea's sovereignty if the next South Korean government changed its mind about the THAAD deployment. But the announcement comes just one week after Pyongyang launched four ballistic missiles in its latest provocative test. Read More

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WPI inflation spikes to 6.55% in Feb on surge in food rates

WPI inflation spikes to 6.55% in Feb on surge in food rates

Food inflation was 2.01 percent last month, higher than 0.53 percent in January. The all items index rose 2.7% for the 12 months ending February; the 12-month increase has been trending upward since a July 2016 trough of 0.8%. Prices for all items less food and energy, the "core CPI", increased 0.2% in February, down slightly from January. Meanwhile, in the video below, Naij.com visited markets recently to discover that despite President Buhari's return, prices of goods are still on the ... Read More

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Can the Market Build on Fed Move?

Can the Market Build on Fed Move?

Meanwhile, they project the US economy will grow 2.1% this year, unchanged from the Fed's earlier forecasts published in December. The Fed began raising rates at the end of 2015. "It will be the more recently over-leveraged people who will be hurt the most". Gradual increase in interest rate: Fed said that its view on neutral nominal federal funds rate- the interest rate which is neither expansionary nor contractionary; and keeping the economy operating on an even keel - is now quite low ... Read More

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GM to hire back a portion of the employees they laid off

GM to hire back a portion of the employees they laid off

The Flint Assembly plant, which builds the Chevrolet Silverado and GMC Sierra HD models, will retain 180 jobs by reassigning some of the displaced workers from GM's Lansing Delta Township plant. He said Trump's visit "gave us a positive venue to share good news for the state of MI - and specifically for our plants and people in Flint, Romulus and Lansing". Read More

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Crude Oil Snaps Back On Surprise EIA Drawdown

Crude Oil Snaps Back On Surprise EIA Drawdown

It's fair to think it may require a shift in the supply-demand imbalance despite OPEC's recent efforts as the average US Crude Stockpiles have gained steadily due to Shale production. This level now acts as a good resistance and has been capping the upside since Monday. These stocks have outperformed the benchmark Sensex in the past one year too. Read More

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CPI inflation rises to 3.65% in Feb'17

CPI inflation rises to 3.65% in Feb'17

The consumer-price index, measuring what Americans pay for everything from cars to dental care, increased 0.1% in February from a month earlier, the Labor Department said Wednesday. Build up inflation rate in the financial year so far was 5.82% compared to a build up rate of -1.14% in the corresponding period of the previous year. Read More

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Oracle Earnings Top Forecasts As Total Cloud Revenue Jumps 62%

Oracle Earnings Top Forecasts As Total Cloud Revenue Jumps 62%

In the third quarter, cloud software as a service (SaaS) and platform as a service (PaaS) revenues rose 73 percent. Oracle's shares rose 3.3 percent to $44.45 in extended trading on Wednesday. Both our SaaS and PaaS businesses are doing great, but I'm even more excited about our second generation IaaS business. Faced with challenges from the likes of Salesforce.com, Oracle has recently emphasized its cloud business over its long-time traditional database software and services. Read More

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McDonald's is now testing mobile ordering in the US

McDonald's is now testing mobile ordering in the US

McDonald's locations by the end of 2017. The local pilots are created to obtain customer feedback and prepare McDonald's for the national launch of mobile ordering and pay across its 14,000 USA restaurants beginning in Q4. If the trials go well, the feature will roll out to all 14,000 of its USA restaurants and 6,000 more in the United Kingdom and mainland Europe. "It's better to be right than to be first to market", said McDonald's Chief Executive Steve Easterbrook. Read More

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Senate Confirms President Trump's Pick for Director of National Intelligence

Senate Confirms President Trump's Pick for Director of National Intelligence

The Senate approved President Donald Trump's pick to lead the intelligence community Wednesday, as former Sen. Coats was twice a Republican Senator from IN, serving IN the 90's and then again for a term from 2011 to 2017. Coats, a key intelligence official, would join newly minted CIA Director Mike Pompeo, Defense Secretary James Mattis and Homeland Security Secretary John Kelly as part of Trump's national security team. Read More

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What do Analysts Say about: General Electric Company (NYSE:GE)

What do Analysts Say about: General Electric Company (NYSE:GE)

The company's outstanding shares are 1.16 Billion. Russell Investments Group Ltd. bought a new stake in General Electric Company during the fourth quarter valued at $177,435,000. The ex-dividend date of this dividend is Thursday, February 23rd. To accommodate long-term intention, the firm has diverse dividend or yield record, MMM has Dividend Yield of 2.45% and experts calculate Return on Investment of 23.80%. Read More

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Tailored Brands, Inc. (NYSE:TLRD) has current Market Capitalization of $747210

Several other research analysts also recently commented on TLRD. LLC now owns 1,361,288 shares of the company's stock worth $34,781,000 after buying an additional 184,293 shares during the period. Tailored Brands Inc has a one year low of $10.90 and a one year high of $28.76. If you are reading this report on another website, it was copied illegally and reposted in violation of United States & global copyright laws. Read More

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California can demand cancer risk warning on weed-killer Roundup, judge rules

Court documents made public this week reveal claims of Monsanto employees ghostwriting scientific reports that US regulators used to determine if the biotech company's Roundup weed killer causes cancer. He described the emails as "a natural flow of information" between the company and the EPA. Just last March 10, a California state court judge ruled that the state could classify glyphosate as a cancer risk, Reuters reported . Read More

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SpaceX wins $96.5-million contract to launch Air Force satellite

SpaceX conducted the Falcon 9 static test fire at Launch Pad 39A of NASA's Kennedy Space Center in Cape Canaveral, Florida to ensure that the rocket is ready to launch the communications satellite EchoStar 23 on Thursday (March 16). In other words, due to the EchoStar's weight, Falcon 9 won't have enough fuel to executive both a take-off and a landing. Weather is cooperating for the 1:35 a.m. Read More

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Fed hikes key U.S. interest rate to twice what Canada's is

Fed hikes key U.S. interest rate to twice what Canada's is

The improved outlook also marks a stark shift from the past two years, when China's economic troubles, the United Kingdom's Brexit vote, the oil price crash, market volatility and slow US productivity growth gave Fed policymakers pause. In recent weeks, investors had seemed unfazed by the possibility that the Fed would raise rates several times in the coming months. For consumers and businesses, that means that while loan rates will rise, they will remain relatively low. Read More

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ROA of Penn West Petroleum Ltd. (NYSE:PWE) stands at -40

On Sep 16 Penn West Petroleum Ltd. (NYSE:PWE) reported its EPS in the last quarter as $-0.22/Share lagging the analyst estimate of $-0.07/Share by the difference of $-0.15. Scotiabank boosted their target price on shares of Penn West Petroleum from C$2.50 to C$2.75 and gave the stock a "sector perform" rating in a research report on Friday, January 6th. Read More

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Murphy Oil Corporation (NYSE:MUR) Pressured Under Trend Lines

The stock was ranked as Underweight by 1 analyst while 1 analyst gave SELL rank. Whiting Petroleum Corporation (NYSE:WLL) is presenting price to cash flow of 58.91 and free cash flow concluded as 78.93. Whiting Petroleum Corp's revenue for the quarter was down 18.0% on a year-over-year basis. The insider owns 591,105 shares as of 0.34%, now worth $15605172. Read More

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Cloud Identity and Access Manager Okta Files for IPO

Cloud Identity and Access Manager Okta Files for IPO

In early March, Okta said it has acquired Stormpath, a provider of authentication services for developers. The number of shares to be offered and the price range for the proposed offering have not yet been determined. However, the company also reported a net loss of $65.3 million during that 2016 nine-month period, which was a 13.5% increase from the previous year. Read More

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Asian equities follow U.S. stocks lower amid wild oil swing

Asian equities follow U.S. stocks lower amid wild oil swing

Futures for the Dow Jones Industrial Average rose 32 points, or 0.2%, to 20,835, while those for the S&P 500 index climbed 4.40 points, or 0.2%, to 2,367.50. Prices have been under pressure since a weekly reading on US stockpiles showed supplies hit record levels. The Labor Department said consumer prices were 2.7 percent higher in February than a year earlier. Read More

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USA deploying attack drones to South Korea

USA deploying attack drones to South Korea

There are issues with the United States. On the one hand, Beijing wants to see a denuclearised Korean peninsula, but, on the other, it fears the loss of a communist ally. Trump was right. Like it or not, North Korea's nukes are a reality. The benefits go beyond reining in Pyongyang. US President Donald Trump has apparently chose to increase the pressure on North Korea, rather than make good on his campaign rhetoric and speak directly with Kim. Read More

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US women's hockey team boycotting World Championships over fair wage dispute

The U.S. women's hockey team is threatening to boycott the upcoming world championships in a struggle for fair wages. The Women's World Championship is scheduled to begin in Plymouth, Mich ., on March 31. This follows the U.S. women's national soccer team which has battled with the U.S. Soccer Federation about wages and playing conditions. The team recently restructured its union in an attempt to negotiate a new collective bargaining agreement that establishes equal pay with the men's ... Read More

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Bipartisan bill would require disclosure of April on federal student loans

Bipartisan bill would require disclosure of April on federal student loans

Department of Education data. In addition to defaulting on loans, the article finds that many of these borrowers haven't found work or earned a degree. Borrowers in default can also have their wages garnished and their tax funds seized. "Total debt rose by $80 billion previous year". "In total, roughly 42 million Americans owed roughly $1.3 trillion in federal student debt as of December 31", the article states. Read More

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Zara parent company posts 10% jump in full-year net profit

Zara parent company posts 10% jump in full-year net profit

In the first six weeks of its new year sales rose 13%. The group's margins sank to a seven-year low as currency shifts affected its business and prices fell. Thanks to an additional 279 stores in 56 countries previous year (including entries in New Zealand, Vietnam, Paraguay, Aruba and Nicaragua), Inditex now has 7,292 stores in 93 countries. Read More

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Stifel Nicolaus Reiterates Buy Rating for Analog Devices, Inc. (ADI)

Stifel Nicolaus Reiterates Buy Rating for Analog Devices, Inc. (ADI)

Stock exchanged hands with the total volume of 4.04 Million shares, as contrast to its average volume of 9.50 Million shares. 14-day Williams %R for Analog Devices, Inc . On 2/16/2016 Analog Devices announced a quarterly dividend of $0.42 3.19% with an ex dividend date of 2/24/2016 which will be payable on 3/8/2016. This represents a $1.80 annualized dividend and a yield of 2.15%. Read More

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DOJ Requests 'Additional Time' to Collect Evidence on Trump's Wiretapping Claim

DOJ Requests 'Additional Time' to Collect Evidence on Trump's Wiretapping Claim

Those tweets have been the source of a number of headlines in the last week, so it was only a matter of time before Kellyanne Conway, Trump's Counselor to the President, was asked for her opinion on the situation. "Neither the White House nor the President will comment further until such oversight is conducted", the statement reads . On 4 March, Trump had tweeted that Obama had his "wires tapped" in Trump Tower just before the victory. Read More

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What are Analysts opinions on: Cisco Systems, Inc. (NASDAQ:CSCO)

What are Analysts opinions on: Cisco Systems, Inc. (NASDAQ:CSCO)

Several other large investors have also added to or reduced their stakes in the company. 02/16/2017 - Cisco Systems, Inc . had its " rating reiterated by analysts at Drexel Hamilton. Cisco Systems has a relatively attractive valuation that I feel undervalues the prospects and what the former technology darling is doing. Cisco Systems's dividend payout ratio (DPR) is now 49.52%. Read More

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Government cuts stake in Lloyds to 3%

Government cuts stake in Lloyds to 3%

While UKFI has been steadily selling off shares in Lloyds to fight national debt since 2014, efforts to offload shares in Royal Bank of Scotland - also rescued during the crisis - have stalled as it continues to grapple legacy issues. That's good news, but low interest rates are not. Lloyds unveiled its highest annual profits for a decade last month, with bottom-line profits more than doubling to £4.24bn past year from £1.64bn in 2015, thanks largely to lower costs of compensation for ... Read More

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Hong Kong's Cathay Pacific posts first annual loss since 2008

Hong Kong's Cathay Pacific posts first annual loss since 2008

Cathay has typically held up its premium service as its calling card, but business has faltered with state-backed mainland Chinese and Gulf carriers as well as budget airlines luring away passengers with cheaper fares. Wong said cost-cutting was the path back to profitablity but believed the firm needed to be clearer about what its restructuring would entail to win back investor confidence. Read More

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