Money

USA household debt at highest level since 2008: Federal Reserve study

Roughly 3.8% of the loans were delinquent at the end of the fourth quarter , which is up from 3.6% at the end of the third quarter, according to data on consumer debt collected by the Federal Reserve Bank of NY. Moreover, of those subprime auto loans, the New York Fed said a full 75 percent originated with auto finance companies - a class of lender that, unlike banks and credit unions, has been loosening its credit standards since 2010. Read More

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New Music From Ed Sheeran

The singer's last two singles 'Castle on the hill' and 'Shape of you' crashed the top 10 of the Billboard Hot 100, making Sheeran the first artist to ever accomplish that feat reports Billboard . The Grammy victor, who turns 26 on Friday, tweeted about the song on Thursday, revealing that while it's not his next single, it "is one of my favzzzzz". Read More

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Mortgage applications on the rise

It is not unexpected that delinquencies could eventually increase off such a low base. (All 80% LTV loan reports include the origination fee.) For mortgages with jumbo loan balances, the average contract interest rate ($424,100 or greater) increased to 4.28% from 4.27%, with points for 80% LTV loans decreasing to 0.27 from 0.31. Read More

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Kraft Heinz profit tops estimates as costs fall

Kraft Heinz profit tops estimates as costs fall

The Kraft Heinz Company's (KHC) stock price escalated 0.31% to finalize at $91.10 throughout previous buying and selling session. It has price to book ratio of 1.92, which gauges the market price of a share over its book value. It has 1.22B of outstanding shares and its shares float measured at 1.22B. Suntrust Banks Inc. now owns 626,052 shares of the company's stock valued at $56,037,000 after buying an additional 251,139 shares in the last quarter. Read More

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Soaring US prices lift odds of a rate rise

Soaring US prices lift odds of a rate rise

The ONS said the costs of raw materials and goods leaving factories "both rose significantly" because of the pound's drop and higher oil prices. Deputy chief investment officer Chris Leyland said, 'Around £269bn is sitting in cash ISAs with Inflation at 1.8% compared to average high street cash ISA rates of 0.82%. Read More

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TCS proposes share buy-back

IDBI Capital's Urmil Shah believes that TCS could announce a buyback of around $2 billion, "TCS can do buyback of maximum of Rs 20,900 crore or 25% of networth". In mid-morning trade on BSE, the scrip was quoting at Rs 2,440.10, over 1% higher than Wednesday's close price of Rs 2,415.70 per share. TCS' outgoing MD N Chandrasekaran said that investors had suggested that the company should distribute its excess cash either in the form of dividends or through a share repurchase programme. Read More

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Bellandur Lake fire: Twitter reacts with horror, humour and some hopelessness

Bellandur Lake fire: Twitter reacts with horror, humour and some hopelessness

The fire was reportedly due to the high content of methane, a combustible gas, caused by industrial waste flowing into the lake, along with the dumping of solid waste and the rise in ambient temperature. An ambulance was called in to attend to the emergency situation, after the fumes spread to Sun City, in case any residents developed asphyxiation, a traffic police official at the spot said. Read More

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Carter apologises for alleged drunk driving

The Racing 92 play-maker has since owned up to a " massive error " as his blood alcohol level was reported to have had aa blood alcohol level of 0.98g per litre which is almost double the legal limit of 0.5g. Carter had a brush with controversy late a year ago when he and clubmates Joe Rokocoko and Juan Imhoff tested positive for taking a banned substance. Read More

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South Korea has approved an arrest warrant for Samsung chief Jay Lee

South Korea has approved an arrest warrant for Samsung chief Jay Lee

Lee is accused of participating in payments that Samsung made to a close friend of South Korean president Park Geun-hye in exchange for government support in the company's succession planning. The company also signed a contract worth tens of millions of dollars with a German company owned by Choi and her daughter to finance the daughter's equestrian training in the European country. Read More

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RBI To Reimburse Banks' MDR Charges On Debit Card Payments To Government

RBI To Reimburse Banks' MDR Charges On Debit Card Payments To Government

Further, the RBI has proposed a differential MDR structure for asset light card acceptance infrastructure like QR Code, special merchant categories for government transactions and other transactions involving non-discretionary expenses. Banks shall also appropriately rationalise the monthly rentals, it said. This move follows the government's decision to absorb the MDR charges in respect of debit card transactions while making payments to it. Read More

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(Neb)-TransCanada Files Keystone XL Route Application With PSC

Gulf Coast. TransCanada's application was filed Thursday with the Nebraska Public Service Commission, which was granted authority to review oil pipeline projects by the Nebraska Legislature. Some opponents say if the Keystone XL must be built, it whould use that existing route. "While some of the shippers may increase or decrease the volume commitments we do expect to retain commercial support to underpin the project", Girling said. Read More

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Analysts showing optimistic trends for: Zosano Pharma Corporation (NASDAQ:ZSAN)

When it comes to the Analysis of a Stock, Price Target plays a vital role. An important factor to consider when evaluating a stock's current and future value are the 52 week price high and low levels. These analysts have also projected a Low Estimate of $-0.45/share and a High Estimate of $-0.45/share. Total debt to equity ratio of the company for most recent quarter is 1.17 whereas long term debt to equity ratio for most recent quarter is 0.68. Read More

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Synopsys Inc. (SNPS) Is Rising After Q1 Earnings Topped Expectations

Synopsys Inc. (SNPS) Is Rising After Q1 Earnings Topped Expectations

They expect $0.48 EPS, up 18.75% or $0.09 from last year's $0.39 per share. Several research analysts recently commented on the company. Legal & General Group Plc increased its position in Synopsys by 1.8% in the second quarter. The consensus estimate was for EPS of $0.78. Huntsman Corporation (NYSE:HUN) reported fourth quarter 2016 results with revenues of $2,395 million, net income of $137 million and adjusted EBITDA of $256 million. Read More

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Tempur Sealy Stock Jumps After Fourth-Quarter Results Top Forecasts

Tempur Sealy Stock Jumps After Fourth-Quarter Results Top Forecasts

Price Target is basically a projection of future price of a company's stock by the expert analysis of investment analysts or investment firms. Taking a closer look at some quality ratios for Tempur Sealy International, Inc. Tempur Sealy International, Inc. During the same period in the prior year, the business earned $0.99 EPS. It sells products through over two distribution channels in each segment: retail (furniture and bedding retailers, department stores, specialty retailers and ... Read More

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Rep. Brady: Our Tax Code Shafts the American Worker

Given that goods such as apparel and electronics are largely made overseas, the stores fear their tax bills will soar so high that they will be forced to hike the prices that shoppers see on store shelves. Risks To Consider: Any border tax is likely to be included in larger tax reform, which could drag on in Congress for a year or more. The study noted that there is a difference between destination taxes and import tariffs, which do raise the cost of foreign goods. Read More

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Eli Lilly and Company (NYSE:LLY)

Eli Lilly and's payout ratio is 88.70%. Waverton Investment Management Ltd raised its stake in Eli Lilly and Company by 134.8% in the third quarter. If you are viewing this story on another site, it was copied illegally and reposted in violation of US & worldwide trademark & copyright legislation. Read More

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Analyzing Analyst Recommendations: Mondelez International, Inc. (NASDAQ:MDLZ), TechnipFMC plc (NYSE:FTI)

Shares of Mondelez International, Inc. Adirondack Trust Co. raised its stake in Mondelez International by 7.3% in the third quarter. The 52-week range of the share price is from $138.20 - $250.00. Among analysts who offered their Analysis on Pepsico, Inc. The business also recently announced a quarterly dividend, which will be paid on Thursday, April 13th. Read More

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Marathon Oil Corporation Announces 2017 Capital Program

Marathon Oil Corporation Announces 2017 Capital Program

Its current quarterly dividend of $0.36 provides a yield of 2.81%. Several analysts have recently issued reports on the company. As of writing, Marathon Oil Corporation Common has a price to earnings ratio of N/A. The company's shares were closed at $133.44. The ex-dividend date of this dividend is Tuesday, February 14th. Marathon Oil Corporation P/E (price to earnings) ratio is 0 and Forward P/E ratio of 0. Read More

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Alexion Pharmaceuticals, Inc. (ALXN) Given Buy Rating at Cowen and Company

Robert W. Baird restated a "neutral" rating and issued a $145.00 price target on shares of Alexion Pharmaceuticals in a report on Tuesday, December 13th. The stock has a weekly performance of 25.17 percent and is 9.57 percent year-to-date as of the recent close. Following the completion of the transaction, the director now directly owns 440,936 shares in the company, valued at approximately $61,898,595.68. Read More

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Millennials are the worst drivers on the road

The AAA study asked drivers in all age groups whether they thought they were much more careful drivers than other people on the road. According to the study, nearly 90 percent of young millennials - defined as those between the ages of 19-24 - engaged in at least one risky behavior behind the wheel in the past 30 days, earning the top spot of worst behaved drivers in the US. Read More

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Featured Stock to Focus: Regions Financial Corporation (NYSE:RF)

Featured Stock to Focus: Regions Financial Corporation (NYSE:RF)

Manulife Financial Corp has a one year low of $12.09 and a one year high of $19.52. Analysts covering the shares have a consensus short-term price target of $20.79 on the equity. This story was originally posted by The Cerbat Gem and is the sole property of of The Cerbat Gem. If you are reading this story on another domain, it was stolen and republished in violation of USA and worldwide trademark & copyright law. Read More

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Apple (AAPL) Reclaims Crown of Top Smartphone Maker From Samsung

Apple , meanwhile, capitalized on Samsung's misfortune ramping up iPhone production at various points in the last six months. Apple pipped Samsung to emerge as top smartphone vendor in the world with sale of 77038 thousand units. Among the other Chinese smartphone makers are OPPO, BBK Communication Equipment (with its One Plus and Vivo brands), ZTE, Xiaomi and Lenovo. Gupta says the release of Mate 9 with Alexa - due to start shipping into the USA in this quarter, will reduce the gap ... Read More

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Lenovo Q3 Profit Plunges On Weak Revenues; PC Business Revenues Up

Lenovo on Tuesday reported net income of $98 million for its third fiscal quarter ended December 31, far short of the $159.5 million average estimate of analysts surveyed earlier by Thomson Reuters Eikon. Lenovo is cutting jobs, selling assets and pushing into higher-end devices to weather shrinking demand and competition in PCs. While operating costs were down 3 percent year-on-year, Lenovo said the ratio of cost to sales increased, due in part to extra marketing costs for re-launching ... Read More

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Don't Be Fooled by Slight Decline in January Housing Starts

Don't Be Fooled by Slight Decline in January Housing Starts

Multifamily starts. for buildings with five or more units, increased by 25.7% year over year in January and fell by 7.9% compared with December. Meanwhile, the report said building permits, an indicator of future housing demand, jumped by 4.6 percent to a rate of 1.285 million in January after rising by 1.3 percent to a revised 1.228 million in December. Read More

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Cenovus Energy posts surprise quarterly profit

CSFB boosted their price objective on Cenovus Energy from C$22.00 to C$24.00 in a research report on Monday, October 24th. Cenovus Energy Inc was downgraded to "sell" by analysts at Goldman Sachs. July 28, 2016: Cenovus Energy Inc. The difference between Actual EPS and Estimated EPS was -0.15 Percent. Given its history, the average earnings announcement surprise was -112.61 percent over the past four quarters. Read More

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