Markets


SpaceX Makes History By Successfuly Flying And Landing Used Rocket
- April 06, 2017

In the time since this rocket's first flight in April 2016, SpaceX has refurbished and tested the booster, making sure that it was okay to fly another mission. SpaceX so far has not released the price tag for the reusable version. However, he dismissed "naysayers" this week and stressed the historic nature of the launch on what he has described as a "flight-proven" rocket. (more...)
Occidental Petroleum First Quarter Results to be Announced Thursday, May 4, 2017
- April 06, 2017

Jefferies Group LLC now has a $73.00 price objective on the stock. Occidental Petroleum (NYSE:OXY) opened at 63.43 on Wednesday. BMO Capital Downgrades the company's stock to Market Perform on 1/11/17 with no specific Price Target . In other news, insider Vicki A. Hollub purchased 15,000 shares of the firm's stock in a transaction that occurred on Monday, March 13th. The stock was bought at an average price of $62.72 per share, with a total value of $940,800.00. (more...)
5 local Payless stores to close, as shoe chain files bankruptcy 5 local Payless stores to close, as shoe chain files bankruptcy
- April 06, 2017

It hopes to modify leases for some other stores or evaluate them for closure. Under the company's plan to cut debt and reestablish its reputation, creditors will be getting paid less. Gordmans filed for Chapter 11 bankruptcy in mid-March and initially said all locations would be closed. The retail chain has more than 4,400 stores in 30 countries and describes itself as "the largest specialty family footwear retailer in the Western Hemisphere". (more...)
ExxonMobil, Qatar Petroleum ink Cyprus exploration contract ExxonMobil, Qatar Petroleum ink Cyprus exploration contract
- April 06, 2017

At the end of past year, Exxon and Qatar Petroleum won the right to negotiate E&P terms for block 10, in the third licensing round for offshore hydrocarbons exploration in blocks 6, 8, and 10 in the Exclusive Economic Zone of Cyprus. Block 10 of Cyprus' exclusive economic zone is within a few kilometers from a giant gas field discovered by ENI in Egyptian waters, containing an estimated 30 trillion cubic feet of natural gas. (more...)
Microsoft Officially Bans Emulators From Windows Store
- April 06, 2017

Gamers will find exciting new features, too. For those already on Windows 10 who are just upgrading to the Creators Update, the options will appear in the updater app. This includes navigation of the new Paint 3D app, annotations on photos and videos, and interactions with the Edge browser. Yet To Come Microsoft's announcement promised to provide more information for enterprise Windows 10 users on privacy compliance. (more...)
U.S. trade deficit falls as exports hit two-year high
- April 06, 2017

Last week, Trump signed two executive orders meant to prevent unfair practices in worldwide trade and identify those he calls "cheaters" and accuses of causing the loss of millions of U.S. Imports of goods and services fell 1.8% to $236.4 billion, reflecting slowing domestic demand for items such as cell phones and motor vehicles. Overall trade with China during the 11-month period decreased marginally by 0.87 per cent to United States dollars 64.57 billion, Commerce and Industry Minister ... (more...)
Hot Stock Overview: Corning Inc. (GLW)
- April 06, 2017

Several research firms recently commented on GLW. However the company's price to cash per share for most recent quarter stands at 4.37. 03/14/2017 - Corning Incorporated was downgraded to "neutral" by analysts at Goldman Sachs. Shareholders of record on Tuesday, February 28th were paid a $0.155 dividend. $749,222 worth of stock was bought by McMullen Greerson Greene on Friday, February 10. (more...)
Russian police arrest three suspected of links to St Petersburg subway bombing
- April 06, 2017

The explosion was a suspected suicide bombing by a perpetrator with ties to radical Islamists, Russia's Interfax news agency cited a law enforcement source as saying late on Monday. Residents laid flowers outside the city's subway as the three days of mourning began on Tuesday. A Reuters reporter in Kyrgyzstan visited an empty house in Osh that neighbors said was the ethnic Uzbeki family home of Jalilov, whom they had not seen for years. (more...)
Swedish Company Implants Employees With Microchips Swedish Company Implants Employees With Microchips
- April 06, 2017

On Monday, the Associated Press spotlighted the Swedish company Epicenter, whose employees are implanted with a microchip to "to open doors, operate printers, or buy smoothies with a wave of the hand". While they are safe biologically, the data the chips generate could show the frequency an employee arrives to work or what they purchase. "The data that you could possibly get from a chip that is embedded in your body is a lot different from the data that you can get from a smartphone". (more...)
Big banks snub Lifetime Isa savings as 'Lisas' launch Big banks snub Lifetime Isa savings as 'Lisas' launch
- April 06, 2017

Lifetime Isas - known as a "Lisa" - were announced at the Budget in March a year ago by-then Chancellor George Osborne. Suzanne Briggs, director at Blick Rothenberg, said: 'The LISA may not be appropriate for everyone due to the exit penalties if money is withdrawn for any other reason other than those permitted. (more...)
Fed Ready To Shrink Bloated Balance Sheet, Minutes Show Fed Ready To Shrink Bloated Balance Sheet, Minutes Show
- April 06, 2017

The Fed released its minutes report for the March 14-15 meeting, which concluded with policymakers hiking the federal funds rate to a target range between 0.75 and 1 percentage point - its second increase in three months. "While the implications of prospective Fed rate hikes are most likely benign, key features of the current tightening cycle stand in stark contrast to historical experience - and could conceivably lead to more serious market and economic disruption", Oxford Economics said. (more...)
Trump is set to sign 2 executive orders on trade Friday Trump is set to sign 2 executive orders on trade Friday
- April 06, 2017

The orders marked Trump's latest attempt to follow through on his campaign rhetoric decrying other countries for taking advantage of the US' trade policies. The report will also examine whether bilateral deficits are caused by free trade deals, like NAFTA, and actions taken by previous administrations. Navarro called the executive orders a "historic moment". (more...)
Constellation Brands Cheers Solid Q4 Earnings Constellation Brands Cheers Solid Q4 Earnings
- April 06, 2017

The stock's price is 0.45 and their relative strength index (RSI) stands at 34.75. Constellation's stock has recovered in recent months after dipping after Election Day, and the alcohol distributor has seen strong gains for its beer business. (more...)
Earnings Analysis Of Valeant Pharmaceuticals International, Inc. (VRX) Earnings Analysis Of Valeant Pharmaceuticals International, Inc. (VRX)
- April 06, 2017

Finally, Jefferies Group LLC reduced their price target on Valeant Pharmaceuticals Intl from $22.00 to $18.00 and set a "buy" rating for the company in a report on Wednesday, March 1st. If you are reading this article on another domain, it was stolen and republished in violation of United States and global copyright and trademark law. (more...)
Trump speaks with Japanese leader after North Korea's missile launch
- April 06, 2017

Still, outwardly cordial relations with USA presidents are also a longstanding Chinese tradition, in recognition of the importance of the relationship. "You don't want fundamental policies being established at this point in the administration". Beijing often demands that foreign companies provide it with technology as a price for access to the coveted Chinese market. (more...)
Mcebisi Jonas no longer an ANC MP
- April 06, 2017

Zuma appointed 10 new ministers and 10 new deputy ministers. "When there is this kind of an issue, it is expected that the NEC will be called to give direction", said an NEC member, speaking on condition of anonymity for fear of reprisals. The trade union centre confirmed that its main complaint was Mr Zuma's failure to consult either the ANC or its alliance partners. "Following the consultation process‚ the Motion will be scheduled for debate in the National Assembly on Tuesday‚ 18 April ... (more...)
Dems elevate attacks as Supreme Court showdown nears
- April 06, 2017

Chuck Grassley, R-Iowa, said, referring to Republicans' claims that Democrats won't support anyone President Donald Trump picks for the high court. Republicans have said unequivocally that Gorsuch will be confirmed by midnight on Friday. Republicans argue that Gorsuch is an eminently qualified judge and Democrats are obstructing because they and their base are upset that Trump is president. (more...)
Trump presses China on N. Korea; another bluff could hurt him
- April 06, 2017

President Donald Trump and Chinese President Xi Jinping, where talks about adding pressure on the North to drop its arms development will take centre stage. There are still reasonable expectations of a less timid attitude to weapons sales than under previous USA presidents, both for ideological and for trade reasons. (more...)
Historic: SpaceX Launches First Recycled Rocket
- April 06, 2017

Boosters, the most expensive part of the rocket, are usually discarded after liftoffs and dropped into the Atlantic. "This is ultimately a huge revolution in spaceflight". The Falcon 9 in question was first used in April a year ago when it launched the Dragon towards the International Space Station. "This is a great day, not just for SpaceX , but for the space industry as a whole in proving that something could be done that many people said was impossible". (more...)
Payless ShoeSource closing 400 stores, including eight in Mississippi Payless ShoeSource closing 400 stores, including eight in Mississippi
- April 06, 2017

The Kansas-based chain, founded in 1956, now operates 4,400 stores in 30 countries, including 3,600 in North America. A newly released closure list includes a store in the EasTen Shopping Center, 3202 U.S. The company says some of its lenders have agreed make available up to $385 million to keep the stores running. In the statement, Paul Jones, Payless chief executive officer, said, "This is a hard, but necessary decision driven by the continued challenges of the retail environment, which ... (more...)