Markets


Poll Shows Nearly 20 Percent Of Republicans Want Trump To Drop Out
- August 12, 2016

CNN cited an anonymous source for their claim. A former head of the Central Intelligence Agency told CNN , "If someone else had said that outside the hall, he'd be in the back of a police wagon now with the Secret Service questioning him". (more...)
IEA says global oil demand growth could sink
- August 12, 2016

In Singapore , oil refining profits dropped to two-year lows yesterday, in the latest sign that the industry is pumping too much fuel for the market to absorb. If production talks fail again this time, crude oil could see another major plunge in prices amid a massive flow of supplies from OPEC players and revival of USA production. (more...)
Clinton unveils her plan for the economy
- August 12, 2016

Trade is one of the most hotly contested economic issues between the Democratic and Republican nominees. She drew laughter and applause for accusing Trump of offering an "even more extreme version of the failed theory of trickle-down economics, with the addition of his own unique Trumpian spin - outlandish ideas that even many Republicans reject". (more...)
Dow hits a record high
- August 12, 2016

Futures for the Dow Jones Industrial Average rose 43 points, or 0.2%, to 18,495, while those for the S&P 500 index gained 3.80 points, or 0.2%, to 2,176. Britain's FTSE 100 was up 0.1 percent. The stock shed $2.34 to $38.53. Brent crude which is used to price global oils was down by 2.1% or 93 cents to $44.05 per barrel in London. (more...)
Trump blames George Bush for Humayun Khan's death Trump blames George Bush for Humayun Khan's death
- August 12, 2016

In his statement, McCain recalled how Humayun Khan died, saying that when a suicide bomber aimed his vehicle toward a building housing hundreds of US soldiers, the captain told his subordinates to stay away, then ran toward it. "This isn't a Muslim thing, this is an ISIS thing", Trump insisted. McCain thanked the Khans for coming to America, saying "your son was the best of America, and the memory of his sacrifice will make us a better nation - and he will never be forgotten". (more...)
Alibaba Reports Record Growth as Mobile Overtakes Desktop Alibaba Reports Record Growth as Mobile Overtakes Desktop
- August 12, 2016

Alibaba.com is a B2B e-commerce company. The results drove the stock up as much as 6.2 per cent to $92.77 (€83.02) in NY, the most in more than three months. While the cloud division contributed just 4.7 percent of revenue in the March quarter, it's Alibaba's fastest-growing business and a primary driver of growth over the longer term. (more...)
U.S. stock indexes edge higher in early trading; oil up
- August 12, 2016

Eastern time. The Standard & Poor's 500 index added three points, or 0.2 percent, to 2,179. The Nasdaq Composite .IXIC added 0.54 percent to 5,232.70. Other markets: Asian markets closed mixed (http://www.marketwatch.com/story/asian-markets-dip-as-oil-prices-slump- 2016-08-10), with stocks in Shanghai ending lower, but the Hang Seng Index in Hong Kong closed higher. (more...)
Rio Olympics 2016: Great Britain to play Fiji in rugby sevens final Rio Olympics 2016: Great Britain to play Fiji in rugby sevens final
- August 12, 2016

Dan Norton's step and acceleration had the scores level, Tom Mitchell converting for a narrow lead. Britain took silver, while South Africa earlier won the bronze with a similarly lopsided 54-14 victory over Japan at the Deodoro Stadium. (more...)
Actor Christopher Biggins To Visit Nazi Camps After 'Holocaust Joke' Actor Christopher Biggins To Visit Nazi Camps After 'Holocaust Joke'
- August 12, 2016

And some complained what wasn't even on TV, annoyed that Big Brother failed to show some of the remarks that led to his ejection. "If people are removed for saying things that viewers could find offensive, surely the Big Brother house should be empty now", he tweeted before criticising the show for removing Biggins but allowing Aubrey O'Day to remain despite spitting in Stephen Bear's food and drink. (more...)
Macy's plans to close 100 stores, boost online investment
- August 12, 2016

Macy's , under pressure from activist investor Starboard Value LP, is working on partnerships to monetize its huge real estate portfolio, which includes landmark properties such as its Herald Square and Union Square stores in NY. The company plans to offset that loss in sales by cutting costs, even beyond shutting down these stores. It's not clear how many jobs will be impacted by these moves. (more...)
Zika may be responsible for many deformities, say scientists
- August 12, 2016

Put more simply, people in the purple regions are only likely to get Zika if the virus is brought into the country by other residents or tourists who have visited now infected zones. Babies with microcephaly often have smaller brains that might not have developed properly. Dr. Amesh Adalja is a clinical assistant professor in the department of critical care medicine at the University of Pittsburgh Medical Center. (more...)
Who else is closing stores
- August 12, 2016

Investors are likely positive on the store closure news and the money it will save, as well as the prospect for real estate sales that could lead to more share repurchases or a dividend hike. Excluding charges related to store closings, the company earned 51 cents, which is above the 48 cent estimate from FactSet. For instance, Walmart announced plans in January to shut down 269 stores this year and just this week, inked a $3.3 billion deal to acquire Amazon rival Jet.com. (more...)
Trump refuses to back away from false claim Obama founded IS Trump refuses to back away from false claim Obama founded IS
- August 12, 2016

But the Clinton campaign statement didn't mince words either about the dangerousness of such accusations from Trump . Trump made similar comments Thursday morning on CNBC's "Squawk Box" program. Those dust-ups reinforced concerns among Trump supporters that a lack of discipline could imperil his chances. "I don't care", he said during a radio interview with conservative personality Hugh Hewitt after Hewitt stated that Obama hates Daesh and is "trying to kill them". (more...)
Rajan again holds rates in his last monetary policy update
- August 12, 2016

He said, however, that he was never anxious about reappointment or a future career in government and did the best in the interest of the country and that he was a "best team player". Rajan said it was too early to speculate whether the Goods and Services Tax Bill, which has been passed by both houses of Parliament, will have an inflationary impact, especially since the rate of tax is yet to be announced. (more...)
Asian shares near one-year high, dollar slips after soft USA data Asian shares near one-year high, dollar slips after soft USA data
- August 12, 2016

Norway's krone rose 0.4 percent to 8.3743 per dollar, taking its gain this week to 1.6 percent. The dollar has weakened in recent weeks after disappointing U.S. The Bank of England cut interest rates last week for the first time since 2009 in the wake of the country's vote to leave the European Union. At around 0500 GMT Thursday, the dollar was at 101.43 Japanese yen, up from 101.26 yen in late United States trade on Wednesday. (more...)
Simone Biles breaks down her signature move Simone Biles breaks down her signature move
- August 12, 2016

I'm so overwhelmed at what our team accomplished today and overjoyed that we were able to bring home another gold for our country!" She could have rewrote the record books by becoming the first female gymnast since Vera Caslavska of Czechoslovakia to win back-to-back Olympic all-around titles. (more...)
US Stocks: Wall Street set to open slightly higher as oil steadies US Stocks: Wall Street set to open slightly higher as oil steadies
- August 12, 2016

The UK's FTSE index was trading higher by 0.30 percent, while French CAC 40 Index climbed 0.62 percent. The energy index gained 1.22 percent, with Exxon Mobil up 1.18 per cent and Schlumberger climbing 1.6 per cent. It was the strongest contributor to the S&P 500's loss. Shares of Walt Disney rose 2.2 percent to $98.75, after the company reported results overnight and bought a 33 percent stake in video-streaming firm BAMTech. (more...)
Raghuram Rajan again holds rates in his last monetary policy update
- August 12, 2016

The 53-year-old former International Monetary Fund chief economist, who is set to step down on September 4, said there was a likelihood of the next rate decision being taken by a six-member Monetary Policy Committee "rather than an individual". (more...)
Nordstrom Inc. (JWN) Beats Q2 Earnings, Soars 12% on Strong Performance Nordstrom Inc. (JWN) Beats Q2 Earnings, Soars 12% on Strong Performance
- August 12, 2016

ET after the department store chain's Q2 earnings, posted after the market close Thursday, fared much better than analysts had expected. On Aug 14, 2015 the shares registered one year high at $79.98 and the one year low of $35.01 was seen on Jun 27, 2016. (more...)
Delta Flights to Soon Pick Up at DTW
- August 12, 2016

Delta extended a travel-waiver policy to help stranded passengers rearrange their travel plans. Delta spokesman Trebor Banstetter said that after the power outage, key systems and network equipment did not switch over to backups. Even brief outages can now snarl traffic and, as the Delta incident shows, those problems can go global in seconds. United Airlines and American Airlines both suffered outages previous year - United has struggled with several meltdowns since combining technology ... (more...)

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