Markets


Susan Collins: I'm Not Supporting Trump
- August 10, 2016

Trump's Detroit stop is his fifth MI appearance since he first announced his campaign and his first since he accepted the Republican presidential nomination. "He is the same person that can be provoked by a Tweet, and who takes apparent pleasure in tormenting protesters at his rallies, a reporter with a tough question, even a crying baby and a Gold Star family", Clinton said. (more...)
Crucial Indian tax bill passes parliament Crucial Indian tax bill passes parliament
- August 10, 2016

The Bill will then have to be ratified by 50 per cent of the state legislative assemblies, and the actual GST bill will need to be enacted into law by the Lok Sabha and by state governments. Adhia on the other hand said it would be "premature" to expect the GST's standard rate to be 18 per cent saying it would imply significant revenue losses. (more...)
FitzPatrick nuclear plant lost 10 percent of workers before state bailout
- August 10, 2016

New Orleans, Louisiana-based Entergy Corp., which owns the FitzPatrick nuclear-power plant, on July 13 announced that it was in discussions with Exelon for the potential sale of the FitzPatrick nuclear-power plant. Azulay pointed to a report by the New York Independent System Operator, which runs the power grid, that said the state could have adequate power supply in the future even if FitzPatrick and other nuclear and coal plants were shut down. (more...)
Oil Prices Soar as Gasoline Supply Plunges Oil Prices Soar as Gasoline Supply Plunges
- August 10, 2016

Gasoline inventories however were down 1.4 percent at 238.2 million barrels, but were still up 9.9 percent year-on-year. Oil was trading Wednesday at around $40 a barrel, based on immediate delivery for West Texas Intermediate , the benchmark for the United States. (more...)
German Bonds Halt Two-Day Advance as BOJ Disappoints on Stimulus
- August 10, 2016

Prime Minister Shinzo Abe said his government would compile a stimulus package of more than $265 billion next week to reflate the flagging economy, although it was unclear how much would be spent to directly boost growth. All but three of the 49 economists surveyed since Friday expect the Bank to cut at least 25 basis points from the already record low 0.5 percent it has sat at since early 2009. (more...)
Ebner, USA Rugby fall to Argentina in Olympic opener Ebner, USA Rugby fall to Argentina in Olympic opener
- August 10, 2016

Nate Ebner, who helped the New England Patriots win Super Bowl XLIX, is a member of the USA Rugby team. They were on the practice field during Ebner's first game, but Belichick informed his players they would all be coming together to watch Ebner's second match of the day. (more...)
John McDonnell defends new Labour members' right-to-vote ruling John McDonnell defends new Labour members' right-to-vote ruling
- August 10, 2016

Coun Thomas said he personally supported Owen Smith . Her father, Peter said the reason they travelled from their home in Falmouth was simple: "We support Jeremy". The party is already facing demands to repay a £25 additional charge new members were asked to pay to get a vote - potentially amounting to hundreds of thousands of pounds. (more...)
Bank of England slashes lending rates
- August 10, 2016

Technology companies continued to make the biggest gains and oil prices rose for the second day in a row. The British pound licked its wounds a day after the Bank of England not only cut interest rates but also restarted its bond purchase programme to shore up the economy. (more...)
Former GOP national security officials release statement against Trump Former GOP national security officials release statement against Trump
- August 10, 2016

She does not support Hillary Clinton either, she wrote. Trump's campaign responded with a statement from Trump denouncing the signatories as people who deserve the "blame for making the world such a unsafe place", CNN reported. Trump laid out a series of policies to revitalize a limping economic engine, including a sharp reduction of corporate tax from 35 percent to 15 percent, something he floated back in September as a way to lure back United States corporations that relocated overseas. (more...)
Trump faces fresh GOP pushback despite bid to reset campaign
- August 10, 2016

The Democratic presidential nominee will be urging the action as she tours the Borinquen Medical Center, a health clinic close to the Wynwood area where 16 non-travel related cases of Zika have been diagnosed. The two candidates are headed toward a trio of televised showdowns. Hillary Clinton opened up a double-digit lead over Donald Trump in a new poll released Tuesday morning, increasing her lead by two points over her Republican opponent since last week. (more...)
Tesla misses earnings expectations as production falters
- August 10, 2016

Analysts expected Tesla to lose 52 cents per share on $1.62 billion in sales , according to Yahoo Finance. Tesla Motors has announced its financial results for the second quarter, confirming that the company continues to make a loss - but it's not all bad news for the California-based electric vehicle firm. (more...)
Karma owner plans $375M China electric auto factory Karma owner plans $375M China electric auto factory
- August 10, 2016

According to the application, the factory will cost around 2.5 billion yuan ($500 million) and, as now envisioned, will have an annual production capacity of 50,000 cars. Karma isn't the only company looking to gain a foothold in the burgeoning electric vehicle market in China. The rush for electric vehicles has seen over 200 Chinese firms establishing 4,000 new models and releasing different prototypes at motor shows, thanks to the government's vow to boost annual sales of greener ... (more...)
Japan upsets All Blacks in Olympic rugby sevens opener Japan upsets All Blacks in Olympic rugby sevens opener
- August 10, 2016

Lemeki added: "We've just shown that any team can win in sevens". "It's sevens, it's anyone's games!" For Charlotte Caslick, an absolute star in Australia's gold medal women's sevens performance against the Kiwis last night in Rio, the Olympic Games have already been extra-special because of the fact she was able to celebrate with an army of family at Deodoro Stadium. (more...)
Anton Yelchin's Parents Sue Fiat Chrysler for Their Son's Death
- August 10, 2016

So, the closest relatives, his parents Irina and Victor Yelchin, filed to administrate of the son's estate. Now, Irina Korina and Viktor Yelchin are taking legal action against the multi-national company, which makes the Jeep Grand Cherokee owned by the actor, along with manufacturer ZF North America and the AutoNation vehicle retailer. (more...)
Yelp reports surprise profit, raises full-year revenue forecast Yelp reports surprise profit, raises full-year revenue forecast
- August 10, 2016

Revenues rose 30% year-over-year to $173.4 million, and beat Wall Street's expectations of $169.82 million. Shares of online business listings and reviews service Yelp ( YELP ) are up $2.15, or nearly 7%, at $34.79, after the company this afternoon reported Q2 revenue and profit that topped analysts' expectations, beat with its Q3 revenue outlook, and forecast the full year higher as well. (more...)
El Faro 'black box' recovered from 15K-feet beneath the sea El Faro 'black box' recovered from 15K-feet beneath the sea
- August 10, 2016

All 33 crew onboard died when the ship sank off the Bahamas on October 1, two days after leaving Jacksonville on a routine cargo run between Florida and Puerto Rico, before the storm intensified into a hurricane. Navy, the Coast Guard, Woods Hole Oceanographic Institute, the National Science Foundation and the University of Rhode Island for their assistance in the three separate recovery missions. (more...)
GOP Sen. Susan Collins Says She Can't Support Donald Trump GOP Sen. Susan Collins Says She Can't Support Donald Trump
- August 10, 2016

Using euphemisms to suggest he is essentially a rank idiot and a bigot, they said "He appears to lack basic knowledge about and belief in the U.S. Constitution, U.S. Recent polls show Trump squandered away any bump he got from his own convention in Cleveland with many missteps last week, including his refusal to back away from criticizing the grieving Kahn family. (more...)
TSX higher for 5th day, Valeant shares surge TSX higher for 5th day, Valeant shares surge
- August 10, 2016

Big banks and gold miners also helped boost the index, while the energy group ended flat even as oil prices fell as a surprise US crude stockpile build last week heightened worries about a global petroleum glut. Labor Department added 255,000 jobs in July, beating out expectations. The materials group, which includes precious and base metals miners and fertilizer companies, added 1.2 per cent. (more...)
Vail to Buy Whistler Ski Resort for $1 Billion, Increasing Portfolio
- August 10, 2016

Vail Resorts' Epic Pass is a lift pass that gives access to all Vail Resorts-operated destinations, as well as to premier ski resorts around the world that it has partnered with. Dave Brownlie , Whistler Blackcomb's chief executive officer, said, "Combining Whistler Blackcomb with Vail Resorts' portfolio of outstanding resorts provides Whistler Blackcomb with increased financial strength, marketing exposure, guest relationships and broadens the geographic diversity of our company with ... (more...)
Libertarian Candidate Gary Johnson To Hold Duke City Rally
- August 10, 2016

Trump for President Inc . Rigell, who has announced he will not run for re-election this year in his Virginia district, is the second Republican member of Congress to announce that he'll vote for someone other than Trump. Rigell's spokeswoman, Kaylin Minton, confirmed the Times's report but declined further comment. Elected lawmakers are starting to join the Johnson bandwagon - including Republican State Sen. (more...)

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