Markets


5 things to know about Trump's budget proposal 5 things to know about Trump's budget proposal
- March 31, 2017

Trump's budget slashes spending at a dozen federal agencies to finance a significant increase in the military and make a down payment on a U.S. -Mexico border wall. "We're not spending money on that anymore", Mulvaney said, according to NPR. "Our national security is being put at risk if we undermine all other investments in our national competitiveness", she said in a statement . (more...)
Average US 30-year mortgage rate slips to 4.14 percent Average US 30-year mortgage rate slips to 4.14 percent
- March 31, 2017

President Donald Trump and the Republican-controlled Congress to enact tax reforms, according to mortgage finance agency Freddie Mac on Thursday. Additionally, 15-year fixed-rate mortgages averaged 3.39 percent, down from the previous week's 3.44 percent, while adjustable-rate mortgages fell from 3.24 percent to 3.18 percent. (more...)
Netanyahu pledges to work with Trump on "peace efforts"
- March 31, 2017

Netanyahu has taken some reassurance from the fact that Trump's budget proposal safeguards every penny of Israel's $3.1 billion in USA assistance, even as it seeks to slash foreign aid overall. Many promises Trump made in the campaign, such as immediately moving the U.S. Embassy to Jerusalem and tearing up the Iran deal, have not been and likely won't be kept. (more...)
Shaheen: Trump's executive order on climate shortsighted
- March 31, 2017

The miners told me about the attacks on their jobs. He continued saying "They haven't been treated well, but they're going to be treated well now". We will put our miners back to work. "The mines that are staying open are using more mechanization. We will produce American coal to power American industry". The market, the public, and the law demand it. (more...)
If Sears Goes Bankrupt, Will Stanley Lose Craftsman? If Sears Goes Bankrupt, Will Stanley Lose Craftsman?
- March 31, 2017

Shares of Sears Holdings Corp . tumbled as much as 16 percent on Wednesday after the retailer warned in a financial filing of "substantial doubt" that it will be able to keep its doors open. Following the comment about the future of Sears and Kmart - both once iconic American brands that now struggle to differentiate among competitors - the stock price slid about 1.5 percent, leaving the chains collectively value at $843 million. (more...)
Gigaba named new South African finance minister in cabinet reshuffle Gigaba named new South African finance minister in cabinet reshuffle
- March 31, 2017

Sports minister Fikile Mbalula was moved to head the police department, while struggle veteran Derek Hanekom was sacked as tourism minister. It was an open gesture of rebellion by numerous most senior members of the ruling party - including several cabinet ministers who were sacked on Thursday night. (more...)
China's Xi to meet Trump, who predicts 'difficult' meeting China's Xi to meet Trump, who predicts 'difficult' meeting
- March 31, 2017

It marks the pair's first meeting and comes amid heightened tensions between the US and China on issues such as trade, Taiwan and North Korea's nuclear program. But Trump's tough language on trade and increasing frustration about China's policies on North Korea could signal he is already willing to throw sand in the gears. (more...)
Timeline: The rise and fall of South Korea's Park Geun-hye Timeline: The rise and fall of South Korea's Park Geun-hye
- March 31, 2017

Ms Park was questioned for almost nine hours by the court on Thursday before its decision to grant the arrest warrant. Park, 65, becomes the third former leader to be arrested over corruption in Asia's fourth-largest economy, where politics and big business have always been closely tied. (more...)
Final Four guide: Teams, players and matchups to watch Final Four guide: Teams, players and matchups to watch
- March 31, 2017

Don't know who John Currie is? Collins is averaging 9.9 points and 5.7 rebounds while shooting 65.4 percent off the bench, and he's doing it in just 17.2 minutes per game entering the semifinals against SC in a matchup of two first-time Final Four programs . (more...)
Passage of GST Bill is history in the making, says 'optimistic' Jaitley
- March 31, 2017

It is most likely to be rolled out on July 1. He added that any introduction of new law must emphasize on how much convenient or comfortable it would be to the majority of the population which constitutes the poor families. March 30 (ANI): With the Lok Sabha passing the Goods and Services Tax (GST) Bill yesterday, the Nationalist Congress Party (NCP) on Thursday said that it will see if the Bill benefits the rural and middle class sections of the society as they do not want public to suffer. (more...)
Nifty Above 9150 Ahead Of F&O Expiry, Mid-Caps Outperform Nifty Above 9150 Ahead Of F&O Expiry, Mid-Caps Outperform
- March 31, 2017

The Sensex of the BSE after opening at 29,463.01 points, touched a high of 29,494.44 and a low of 29,461.18 points. The BSE market breadth was bullish - with 1,723 advances and 998 declines. Foreign funds picked up shares worth a net Rs 6,415.30 crore yesterday, as per provisional data. "Banking stocks remained volatile on higher levels profit booking". (more...)
No stamping of hand baggage at 7 Indian airports from April 1 No stamping of hand baggage at 7 Indian airports from April 1
- March 31, 2017

Apart from this, the length of the output roller of the baggage scanner has been extended at the select airports to give CISF time to inspect "suspect" baggage. The idea behind infusing such technology, sources said, was to ensure that responsibility can be fixed in the event of a security lapse and to help in any post-incident investigation. (more...)
Britain bans laptops on flights from six countries
- March 31, 2017

Instead, travellers will have to check in any electronic items larger than their mobile phone (and just pray they don't get damaged in the baggage handling process). A file picture dated 08 January 2017 shows Turkish Airlines planes and aircraft of other worldwide airlines being grounded at the Ataturk global airport in Istanbul, Turkey. (more...)
Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), Innocoll Holdings plc (NASDAQ:INNL) Vertex Pharmaceuticals Incorporated (NASDAQ:VRTX), Innocoll Holdings plc (NASDAQ:INNL)
- March 31, 2017

The firm has "Overweight" rating given on Monday, October 26 by Piper Jaffray. Vertex Pharmaceuticals Incorporated ( VRTX ) is now showing its ROA (Return on Assets) of -4.3%. Wainwright. Norges Bank bought a new stake in shares of Vertex Pharmaceuticals during the fourth quarter worth about $127,564,000. Geode Cap Limited Liability holds 2.15 million shares or 0.07% of its portfolio. (more...)
Netherlands sacks manager Danny Blind
- March 31, 2017

The first step to restoring faith in the Netherlands' World Cup hopes has to be winning this marquee friendly. Reuters reported that Blind bemoaned the decision in a statement on Sunday. "It's sad. I'm speechless". After having virtually nothing to do in the first half, Bulgaria goalkeeper Nikolay Mihaylov became busy in the second, as his side sat back to defend its lead and the Dutch finally exerted some pressure. (more...)
Toshiba approves bankruptcy for United States atomic unit
- March 31, 2017

Meanwhile, Toshiba president Satoshi Tsunakawa said the decision was geared toward "shutting out risks from the overseas nuclear business". "Since the inception of the project, Toshiba has sought to sell stakes to new investors". But the business was hit by big delays and cost overruns. Toshiba said last week the company had suffered almost $10 billion in losses related to nuclear reactor construction initiatives. (more...)
White House Quiet on Report Two Trump Officials are Nunes' Sources White House Quiet on Report Two Trump Officials are Nunes' Sources
- March 31, 2017

The hearing was then cancelled by Intelligence Committee chair Devin Nunes, a high-ranking Republican. "The committee has been put into suspended animation", Himes said. Spicer also wouldn't say whether the White House's sudden decision to share information with the Intelligence Committee was directly related to Nunes's move. (more...)
AT&T Removes Ads From YouTube Saying Some Ran Near "Hate" Videos
- March 31, 2017

AT&T T, -1.02% said that it is suspending all of its advertising spending on Google GOOGL, -0.04% except for search. A number of companies, including McDonald's, Audi , L'Oreal and retail giant Marks & Spencer pulled their ads aimed at United Kingdom markets from Google's sites, according to media reports . (more...)
Oil stable on falling Libyan output, but bloated US market still weighs Oil stable on falling Libyan output, but bloated US market still weighs
- March 31, 2017

US crude was down 38 cents at $47.60 a barrel, a 0.8 percent drop, as of 11:22 a.m. EDT (1622 GMT). That comes after both contracts settled at roughly one-week highs on Tuesday in the wake of an armed group in Libya shutting pipelines because of a dispute over wage issues, disrupting production of 250,000 barrels a day. (more...)
Aa PLC (LON:AA) Issued With 'Underperform' Rating At Jefferies & Co
- March 31, 2017

As per Thursday, July 14, the company rating was downgraded by Mizuho. As per Wednesday, August 31, the company rating was maintained by TD Securities. On Tuesday, April 26 the stock rating was maintained by Deutsche Bank with "Hold". Argus Research Upgrades AstraZeneca PLC (AZN) to Buy with a price target of $38. (more...)