Markets


Russia Probe Names Current White House Official as 'Significant Person of Interest' Russia Probe Names Current White House Official as 'Significant Person of Interest'
- May 25, 2017

Trump told Russian Foreign Minister Sergei Lavrov last week that Comey was a "nut job," according to the Times , citing notes taken at the meeting and read to the paper by a U.S. The bureau is also probing whether Trump associates have business ties to Russian Federation and any connection between the Trump campaign and the hacking of Democratic National Committee and Hillary Clinton campaign officials' emails. (more...)
23 million fewer insured Americans under AHCA, CBO report finds 23 million fewer insured Americans under AHCA, CBO report finds
- May 25, 2017

The new CBO report will serve as an important report card for Senate Republicans as they deliberate over their own version of the health care bill. Congress is aiming to pass the bill under a process called reconciliation, which requires only a simple majority of votes in the Senate, where Republicans hold a 52-48 majority, instead of 60 votes. (more...)
Iran says dialogue, peaceful means key to solving Syria issue Iran says dialogue, peaceful means key to solving Syria issue
- May 25, 2017

The Elders put out a statement Tuesday welcoming Rouhani's re-election "as a sign that the Iranian people clearly desire peaceful relations with the outside world and a more tolerant society at home". "The Islamic Republic is ready to cooperate in every way with other countries, including France, to fight terrorism and solve the Syrian crisis", stated Rouhani during a talk with French President Macron, quoted by Iranian news agency IRNA. (more...)
Noble Energy Inc (NYSE:NBL) Technical and Valuation Says it All
- May 25, 2017

Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. BERENSON JEFFREY L sold $788,210 worth of stock or 23,000 shares. Seaport Global Securities raised shares of Noble from a neutral rating to a buy rating in a report on Tuesday, March 7th. (more...)
Commerce secretary appears to fall asleep during Trump's speech Commerce secretary appears to fall asleep during Trump's speech
- May 25, 2017

Oil-rich Saudi Arabia carries much weight in the Islamic world, as the country is the birthplace of Islam and the site of Islam's two most significant cities - Mecca and Medina. "Drive them out", Trump said. "We are not here to tell other people how to live, what to do, who to be, or how to worship", he said. "The stories of Saudi women, such as yourselves, catalyzing change, inspire me to believe in the possibility of global women's empowerment", said Ivanka. (more...)
Moody's downgrades China, warns of eroding financial strength as debt rises Moody's downgrades China, warns of eroding financial strength as debt rises
- May 25, 2017

While the Moody's downgrade will likely increase the borrowing cost modestly for the government of Beijing , and its enterprises that are state-owned, it is still comfortably within the investment grade range for its current rating. According to some data released by the Institute of International Finance, the total debt in the Chinese economy, which includes; government, households, and businesses peaked at 256% of economic output just before the year end last 2016. (more...)
Today Container Store Group Inc (TCS) Stock Rises Today Container Store Group Inc (TCS) Stock Rises
- May 25, 2017

Morgan Stanley cut their price objective on Container Store Group from $5.00 to $3.50 and set an "underweight" rating for the company in a research note on Wednesday, February 8th. Along with Q1 EPS that rose 143% Y/Y from $0.07 in the prior-year quarter, TCS says Q1 revenues rose 5.3% to $221M and comparable store sales improved to -0.2%. (more...)
North Korea 'highly likely' to be behind WannaCry ransomware attacks, says Symantec North Korea 'highly likely' to be behind WannaCry ransomware attacks, says Symantec
- May 25, 2017

The earlier attacks did not exploit the vulnerability that helped WannaCry spread so far, so fast but instead used six other malicious programs favoured by Lazarus . "The shared code likely means that, at a minimum, WannaCry operators share software development resources with North Korean espionage operators", Ben Read , a FireEye analyst, said in an emailed statement. (more...)
Lawmakers seek details of Trump-Deutsche Bank-Russia ties Lawmakers seek details of Trump-Deutsche Bank-Russia ties
- May 25, 2017

The group wrote: "It is critical that you provide this Committee with the information necessary to assess the scope, findings and conclusions of your internal reviews". Representative Maxine Waters of California and four other Democrats on the House Financial Services Committee asked the Frankfurt-based lender for its internal report about its conduct in the Russian "mirror trading" scandal . (more...)
Agency: Jump in renewable energy jobs worldwide Agency: Jump in renewable energy jobs worldwide
- May 25, 2017

Amin. The growth has been largely driven by the wind and solar sectors, with employment across the two industries more than doubling in the last five years. By country, China, Brazil, the US, India, Japan and Germany are the largest employers of green energy workers. Specifically, jobs in the solar PV industry in the United States increased 17-times faster than the overall economy, growing 24.5% from the previous year to reach 260,000 - testament to the importance and growth of the ... (more...)
Kite Realty Group Trust (NYSE:KRG): Stock Institutional Investors Feel Good About
- May 25, 2017

Independ now has $636.07M valuation. (PBF)'s shares projecting a $26.13 target price. About 708,839 shares traded. Digital Realty Trust, Inc.is a real estate investment trust. It also reduced Bkf Capital Group Inc. stake by 264,420 shares and now owns 29,380 shares. Spx Corp (SPW) was reduced too. Finally, Sandler O'Neill raised shares of Federal Realty Investment Trust from a "hold" rating to a "buy" rating and set a $145.00 price target for the company in a research report on Monday, ... (more...)
General Motors Company (GM) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank General Motors Company (GM) Position Increased by Zurcher Kantonalbank Zurich Cantonalbank
- May 25, 2017

Tracking most recent quarter period, Price to book (P/B) ration is at 1.09 and Price to cash per share ration is at 2.15. Moon Capital Management Lp sold 599,364 shares as Ford Mtr Co Del (F)'s stock declined 13.59%. Investors of record on Thursday, April 20th will be paid a $0.15 dividend. The ex-dividend date is Wednesday, June 7th. Ford Motor Co. P/E (price to earnings) ratio is 11.86 and Forward P/E ratio of 6.66. (more...)
Memorial Day Ceremony May 29 Memorial Day Ceremony May 29
- May 25, 2017

Sgt. Maj. Meb West (retired) of Denver is a highly decorated Army war hero who will be speaking at the memorial. In Cayucos, a ceremony at the pier will pay tribute to veterans and those lost at sea. The Gettsyburg Address and "In Flanders Fields" will be read, and Nellie Winters will sing. It can not be seen from the entry gates, so organizers hope that people will drive up to see it. (more...)
4-tier GST slabs for services 4-tier GST slabs for services
- May 25, 2017

Tax rate for AC restaurants and those with liquor licence will be 18 per cent, while 5-star hotels will charge 28 per cent GST. Telecoms and financial services will be taxed at a standard rate of 18% while transport services will be taxed at 5%, Jaitley told reporters after a meeting of the GST Council in Srinagar . (more...)
Ford to cut North America, Asia salaried workers by 10% Ford to cut North America, Asia salaried workers by 10%
- May 25, 2017

Michigan-based automobile giant Ford Motor Company (NYSE:F) may announce a substantial reduction, to the tune of 10%, in its workforce this week, reported the WSJ. Barclay's analyst Brian Johnson, who has a $15 target on the shares, said Ford's stock has suffered because the company isn't making splashy moves, like GM's investment in Lyft or Fiat Chrysler's tie-up with Waymo, Google's self-driving auto unit. (more...)
Spirit Realty Capital, Inc (SRC) Stock Rating Lowered by Morgan Stanley
- May 25, 2017

On the other hand Spirit Realty Capital, Inc (New) (NYSE:SRC) has Relative Strength Index (RSI 14) of 29.05 along with Average True Range (ATR 14) of 0.30, where the relative strength index (RSI) is a technical momentum indicator that compares the magnitude of recent gains to recent losses in an attempt to determine excess buying & selling conditions of an asset, it is one of the most popular technical indicators, computed on the basis of the speed and direction of a stock's price movement. (more...)
Military presence stepped up as Britain faces raised threat Military presence stepped up as Britain faces raised threat
- May 25, 2017

All tours and events at Parliament were immediately cancelled until further notice. MI5 agents and anti-terror police are now racing against the clock to uncover Abedi's links to any possible terror cell after the blast killed 22 people, many children, and wounded 59 others after the Ariana Grande concert on Monday night United Kingdom time. (more...)
Vigil Honors Manchester Victims, Across The Globe People Are Mournful Vigil Honors Manchester Victims, Across The Globe People Are Mournful
- May 25, 2017

The 23-year-old pop singer, who said she was left emotionally "broken" by the explosion that killed 22 people at her Manchester Arena show, is reported to have flown home to Florida. ISIS routinely claims attacks it has no proven connection to. "It is a possibility that we can not ignore that there is a wider group of individuals linked to this attack". (more...)
Tanzania: Magufuli Sacks Energy Minister Prof Muhongo Tanzania: Magufuli Sacks Energy Minister Prof Muhongo
- May 25, 2017

The firm said in a stock market statement that it had not seen the full report "which states that the value of minerals within the concentrates in the containers now at the Dar es Salaam port is more than 10 times the declared amount". The country is Africa's third-biggest gold producer with companies including AngloGold Ashanti and Acacia Mining extracting the metal, and also produces copper, iron, zinc and diamonds. (more...)
At UN, US warns Venezuela could turn into another Syria At UN, US warns Venezuela could turn into another Syria
- May 25, 2017

Word of the new sanctions came as President Donald Trump expressed dismay at how once-prospero us Venezuela was now mired in poverty, saying "it's been unbelievably poorly run". "Venezuela is a mess", Trump said. Another was a ruling a year ago declaring null all acts of the National Assembly issued while it remains in contempt of an earlier ruling requiring the congress to unseat three elected lawmakers over still-unproven allegations of voting fraud. (more...)

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