Markets
Justice Dept threatens sanctuary cities in immigration fight
- April 21, 2017
The Trump administration has threatened to punish so-called sanctuary cities that refuse to assist federal agents in enforcing immigration law. Attorney General Sessions, who is touring the Southwest border this week, told MSNBC most cities are cooperating. (more...)
- April 21, 2017
The Trump administration has threatened to punish so-called sanctuary cities that refuse to assist federal agents in enforcing immigration law. Attorney General Sessions, who is touring the Southwest border this week, told MSNBC most cities are cooperating. (more...)
Trump signs "Buy American, Hire American" executive order in Kenosha
- April 21, 2017
During the same event Trump also put his signature on an executive order that seeks to reduce the number of foreign workers who are hired under the H-1B visa program . "If it turns out America is a net loser because of those free-trade agreement waivers, which apply to nearly 60 countries, these waivers may be promptly renegotiated or revoked", an official told Reuters . (more...)
- April 21, 2017
During the same event Trump also put his signature on an executive order that seeks to reduce the number of foreign workers who are hired under the H-1B visa program . "If it turns out America is a net loser because of those free-trade agreement waivers, which apply to nearly 60 countries, these waivers may be promptly renegotiated or revoked", an official told Reuters . (more...)
Oil stable as OPEC says it is committed to rebalance markets
- April 21, 2017
OPEC and top nonmember producers reportedly will meet May 25 as they remain publicly undecided over whether to extend production cuts. U.S. West Texas Intermediate (WTI) crude futures traded down 21 cents at $52.44 a barrel, the lowest since April 10. (more...)
- April 21, 2017
OPEC and top nonmember producers reportedly will meet May 25 as they remain publicly undecided over whether to extend production cuts. U.S. West Texas Intermediate (WTI) crude futures traded down 21 cents at $52.44 a barrel, the lowest since April 10. (more...)
Rockwell Collins, Inc. (COL) Position Raised by Gibraltar Capital Management Inc
- April 21, 2017
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 08/26/2016 - Rockwell Collins, Inc. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. (more...)
- April 21, 2017
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. 08/26/2016 - Rockwell Collins, Inc. During the same quarter in the prior year, the firm posted $1.00 earnings per share. The company reported $1.20 EPS for the quarter, beating analysts' consensus estimates of $1.15 by $0.05. (more...)
Netflix Is Quickly Approaching 100 Million Global Subscribers
- April 21, 2017
While its subscriber growth slowed in Q1 2017, Netflix ended the period with a total of 98.7 million streaming memberships, consisting of 50.8 million in the USA and 47.9 million internationally. You could argue that Netflix broke through the 100 million global benchmark this quarter, but only if you also include 3.9 million subscribers to the red-envelope DVD service. (more...)
- April 21, 2017
While its subscriber growth slowed in Q1 2017, Netflix ended the period with a total of 98.7 million streaming memberships, consisting of 50.8 million in the USA and 47.9 million internationally. You could argue that Netflix broke through the 100 million global benchmark this quarter, but only if you also include 3.9 million subscribers to the red-envelope DVD service. (more...)
Macron clings on to lead in tense French election race
- April 21, 2017
Alain Juppe, also beaten by Fillon in the primaries but a more popular figure than Sarkozy, will be at Fillon's side on the campaign trail on Wednesday, a member of Fillon's entourage said . Police fired teargas and arrested four people after around 500 people demonstrated against Le Pen and tried to march towards the rally. He added: "I've heard Madame Le Pen saying again recently that with her in charge, certain attacks would have been avoided". (more...)
- April 21, 2017
Alain Juppe, also beaten by Fillon in the primaries but a more popular figure than Sarkozy, will be at Fillon's side on the campaign trail on Wednesday, a member of Fillon's entourage said . Police fired teargas and arrested four people after around 500 people demonstrated against Le Pen and tried to march towards the rally. He added: "I've heard Madame Le Pen saying again recently that with her in charge, certain attacks would have been avoided". (more...)
City's unemployment rate 7.7 per cent
- April 21, 2017
They added just 16,000 net new jobs in March, the fewest in 15 months, after payrolls had increased by 66,000 in February. The unemployment rate, which is derived from a separate survey, dropped to 4.5% against expectations for 4.7%. "Hiring in March was expected to drop after the monthly gains of more than 200,000 in the two previous months, but this marks the weakest showing for the economy in almost a year", writes Nelson D. (more...)
- April 21, 2017
They added just 16,000 net new jobs in March, the fewest in 15 months, after payrolls had increased by 66,000 in February. The unemployment rate, which is derived from a separate survey, dropped to 4.5% against expectations for 4.7%. "Hiring in March was expected to drop after the monthly gains of more than 200,000 in the two previous months, but this marks the weakest showing for the economy in almost a year", writes Nelson D. (more...)
Government rows back on plans to raise probate fees
- April 21, 2017
Controversial plans which would have lifted the cap on probate fees and could have seen them increase to up to £20,000 from a modest £155 have been put on hold, as the Ministry of Justice has said there is not enough time for the necessary legislation to go through parliament ahead of the General Election. (more...)
- April 21, 2017
Controversial plans which would have lifted the cap on probate fees and could have seen them increase to up to £20,000 from a modest £155 have been put on hold, as the Ministry of Justice has said there is not enough time for the necessary legislation to go through parliament ahead of the General Election. (more...)
UK's Jeremy Corbyn Vows to Beat 'Cosy Cartel' of the Rich
- April 21, 2017
The election is widely expected to yield an increased Conservative majority, and the worldwide confidence inspired by a stronger government is nearly certainly behind the rise in sterling, but what does it mean for investors? "I look forward to spreading Labour's positive message on the doorstep". (more...)
- April 21, 2017
The election is widely expected to yield an increased Conservative majority, and the worldwide confidence inspired by a stronger government is nearly certainly behind the rise in sterling, but what does it mean for investors? "I look forward to spreading Labour's positive message on the doorstep". (more...)
UK Retail Sales Drop in March as Inflation Hits Consumers
- April 21, 2017
Analysts had expected March's reading to drop by only 0.2%. Retail sales had previously surprised economists by increasing by 1.7 per cent month-on-month in February. The month-on-month decline in sales volumes was much bigger than the 0.2% slip expected by economists and comes as consumers face a squeeze from accelerating inflation. (more...)
- April 21, 2017
Analysts had expected March's reading to drop by only 0.2%. Retail sales had previously surprised economists by increasing by 1.7 per cent month-on-month in February. The month-on-month decline in sales volumes was much bigger than the 0.2% slip expected by economists and comes as consumers face a squeeze from accelerating inflation. (more...)
Schlumberger posts first revenue rise in 9 quarters as drilling recovers
- April 21, 2017
Revenue , which grew 8.5 percent from the previous year period, also topped expectations of $719.65 million. The stock's 50 day moving average is $78.61 and its 200 day moving average is $81.52. On an adjusted basis, the company has earned $347 million, or $0.25 a share for the quarter. The oil and gas company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. (more...)
- April 21, 2017
Revenue , which grew 8.5 percent from the previous year period, also topped expectations of $719.65 million. The stock's 50 day moving average is $78.61 and its 200 day moving average is $81.52. On an adjusted basis, the company has earned $347 million, or $0.25 a share for the quarter. The oil and gas company reported $0.27 EPS for the quarter, hitting the consensus estimate of $0.27. (more...)
No one to be fired over forcible removal of passenger
- April 21, 2017
On the call, Chief Executive Officer Oscar Munoz said he would have "further conversations with customers and related governmental officials" in an upcoming trip to China that had been planned prior to the incident. David Dao. This Sunday, April 9, 2017, image made from a video provided by Audra D. Bridges shows a passenger being removed from a United Airlines flight in Chicago. (more...)
- April 21, 2017
On the call, Chief Executive Officer Oscar Munoz said he would have "further conversations with customers and related governmental officials" in an upcoming trip to China that had been planned prior to the incident. David Dao. This Sunday, April 9, 2017, image made from a video provided by Audra D. Bridges shows a passenger being removed from a United Airlines flight in Chicago. (more...)
Saudi Energy Minister Praises OPEC Oil Price Boost
- April 21, 2017
There were positive comments from OPEC secretary-general Barkindo that the group was committed to restring market stability by bringing inventories down to the five-year average. Outside the United States, a fall in Saudi output as part of its planned production cuts for the first half of this year lent the market some support. (more...)
- April 21, 2017
There were positive comments from OPEC secretary-general Barkindo that the group was committed to restring market stability by bringing inventories down to the five-year average. Outside the United States, a fall in Saudi output as part of its planned production cuts for the first half of this year lent the market some support. (more...)
Ontario, Canada brings in foreign housing tax to cool market
- April 21, 2017
The province also indicated that they have a number of things on their To Do list including looking into assignments of new construction properties and providing more transparency into real estate transactions. Rent hikes on new buildings will be limited to 1.5% above the inflation rate, which sat at 2% in February. To offset that, the government has also introduced a five-year, $125-million program to rebate a portion of development charges on new purpose-built rental properties in areas with ... (more...)
- April 21, 2017
The province also indicated that they have a number of things on their To Do list including looking into assignments of new construction properties and providing more transparency into real estate transactions. Rent hikes on new buildings will be limited to 1.5% above the inflation rate, which sat at 2% in February. To offset that, the government has also introduced a five-year, $125-million program to rebate a portion of development charges on new purpose-built rental properties in areas with ... (more...)
N+1 Singer Reaffirms "Corporate" Rating for Wyg Plc (WYG)
- April 21, 2017
Berkeley Group Holdings PLC (LON:BKG) was downgraded by Liberum Capital to a "hold" rating in a research note issued on Tuesday. In other news, insider Sir Martin Sorrell sold 57,522 shares of the business's stock in a transaction dated Monday, March 6th. (more...)
- April 21, 2017
Berkeley Group Holdings PLC (LON:BKG) was downgraded by Liberum Capital to a "hold" rating in a research note issued on Tuesday. In other news, insider Sir Martin Sorrell sold 57,522 shares of the business's stock in a transaction dated Monday, March 6th. (more...)
New England Patriots visit White House; Gronk crashes Sean Spicer briefing
- April 21, 2017
Trump compared the Patriots' record 25-point comeback against the Atlanta Falcons to his defeat of the widely favored Democratic nominee Hillary ClintonHillary Rodham ClintonTrump draws parallels between Patriots and his White House win Who will replace Chaffetz on Oversight? Members of the Super Bowl-winning New England Patriots are scheduled to visit President Trump Wednesday during the traditional visit to the White House . (more...)
- April 21, 2017
Trump compared the Patriots' record 25-point comeback against the Atlanta Falcons to his defeat of the widely favored Democratic nominee Hillary ClintonHillary Rodham ClintonTrump draws parallels between Patriots and his White House win Who will replace Chaffetz on Oversight? Members of the Super Bowl-winning New England Patriots are scheduled to visit President Trump Wednesday during the traditional visit to the White House . (more...)
VP Pence arrives in Australia, last stop in Asia
- April 21, 2017
US Vice President Mike Pence was due to arrive in Australia on Friday evening for the last leg of his Asia-Pacific tour, with regional security, the fight against terror, and trade set to dominate talks. While Pence appreciated President Joko "Jokowi" Widodo's efforts to reform the business environment in Indonesia to improve business relations, he was adamant that more needed to be done in order to improve the business and investment climate in Indonesia. (more...)
- April 21, 2017
US Vice President Mike Pence was due to arrive in Australia on Friday evening for the last leg of his Asia-Pacific tour, with regional security, the fight against terror, and trade set to dominate talks. While Pence appreciated President Joko "Jokowi" Widodo's efforts to reform the business environment in Indonesia to improve business relations, he was adamant that more needed to be done in order to improve the business and investment climate in Indonesia. (more...)
Redskins release 2017 schedule, will host Thanksgiving game for first time ever
- April 21, 2017
NEW YORK GIANTS (NBC) 8:30 p.m. Kirk Cousins, Bruce Allen, Jay Gruden, whoever ends up replacing the exiled Scot McCloughan, are on primetime five times, early and late, and managed to land across the river from Times Square on New Year's Eve to end the season. (more...)
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- April 21, 2017
NEW YORK GIANTS (NBC) 8:30 p.m. Kirk Cousins, Bruce Allen, Jay Gruden, whoever ends up replacing the exiled Scot McCloughan, are on primetime five times, early and late, and managed to land across the river from Times Square on New Year's Eve to end the season. (more...)
Nintendo Switch Sells Over 900000 Units in March
- April 21, 2017
Citing numbers from NPD (so we're talking North America here), the Switch sold over 906,000 consoles in March, with Breath of the Wild moving 925,000+ copies for Switch and nearly 460,000 for Wii U-also not a bad number, considering that the (roughly ten million) Wii U owners are mostly Nintendo diehards who were likely to buy a Switch anyway. (more...)
- April 21, 2017
Citing numbers from NPD (so we're talking North America here), the Switch sold over 906,000 consoles in March, with Breath of the Wild moving 925,000+ copies for Switch and nearly 460,000 for Wii U-also not a bad number, considering that the (roughly ten million) Wii U owners are mostly Nintendo diehards who were likely to buy a Switch anyway. (more...)
Tories spar anew over supply management
- April 21, 2017
MacNaughton said his intent with the letter was to correct the record following a letter critical of Canada's supply-management dairy system from the governors of Wisconsin and NY. "Time and again Canada has demonstrated its disregard of its dairy commitments to the United States - hampering America's exports to Canada - while pursuing ways to use its government-controlled system to unfairly dump greater Canadian exports in global markets". (more...)
- April 21, 2017
MacNaughton said his intent with the letter was to correct the record following a letter critical of Canada's supply-management dairy system from the governors of Wisconsin and NY. "Time and again Canada has demonstrated its disregard of its dairy commitments to the United States - hampering America's exports to Canada - while pursuing ways to use its government-controlled system to unfairly dump greater Canadian exports in global markets". (more...)
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Oil prices fall on weak global economic data