Markets


Asian shares slide after US losses due to lower oil prices
- August 12, 2016

Eastern time. The Standard & Poor's 500 index shed four points, or 0.2 percent, to 2,177. MSCI's emerging markets index.MSCIEF gained 0.4 percent, up for a fifth straight session and hitting its highest in a year. FASHIONABLE RESULTS: Clothing company Ralph Lauren surged 9 percent after it delivered strong quarterly results. Consumer-discretionary and energy stocks led broad gains across the market. (more...)
First Solar, Inc. reiterated as Neutral By Mizuho Securities First Solar, Inc. reiterated as Neutral By Mizuho Securities
- August 12, 2016

First Solar carries a Zacks Rank #3 (Hold). About 4.51 million shares of Canadian Solar have been traded so far today, well above its average trading volume of roughly 1.90 million shares per day. First Solar, Inc . got Downgrade on 7-Jul-16 where investment firm Deutsche Bank Downgrade the stock from Buy to Hold. The last close places the company's stock about $32.63 off its 52 week high of $74.29 and $1.41 above the 52 week low of $40.25. (more...)
Fiji ends medal hopes for US sevens, Nate Ebner
- August 12, 2016

In the USA men's rugby sevens team's 26-0 win over Brazil on Tuesday, 27-year-0ld New England Patriots safety Nate Ebner scored a try and received a yellow card for a an illegal hit. "I don't know", he said. But after a roller coaster match against Ben Ryan's Fiji squad, the US team eventually slumped to a 24-19 defeat. If they win, the Eagles will advance to the quarterfinal round against an opponent to be determined. (more...)
Oil edges higher in Asia but USA crude stays below $40 Oil edges higher in Asia but USA crude stays below $40
- August 12, 2016

ET. Analysts said that high production levels in crude and the refining sector would continue to weigh on markets after contributing to a 20 percent price fall since June. Crude nearly immediately bounced back, however, hitting new session highs as traders focused on a larger-than-expected 3.3 million barrel drawdown in gasoline inventories and a 1.1 million barrel fall in crude inventories at Cushing, Okla., the delivery point for Nymex futures, analysts said. (more...)
Trump adamant that Obama founded Daesh Trump adamant that Obama founded Daesh
- August 12, 2016

Trump also took aim at Clinton, for her refusal to use that term as well: "She doesn't want to say it, cause she doesn't want to offend the president, because then bad things could happen to her if she offends the president". But Trump takes that argument a step further by claiming that Obama and Clinton actually founded ISIS. But in 2011, before the Islamic State was lethal and as Obama was determined to keep his campaign promise to end the war started by President George W. (more...)
Trump refuses to back away from false claim Obama founded Islamic State Trump refuses to back away from false claim Obama founded Islamic State
- August 12, 2016

I do". The night before, Trump had made one of his signature wild claims, this time that President Obama is the "founder" of the terror group ISIS. You meant that he created the vacuum, that he lost the peace. Trump's accusation - and his use of the president's middle name, Hussein - echoed previous instances where he's questioned Obama's loyalties. "In fact, in many respects, you know they honor president Obama". (more...)
Trump accuses Obama of being the 'founder of ISIS' Trump accuses Obama of being the 'founder of ISIS'
- August 12, 2016

President Barack Obama and Democrat Hillary Clinton the "co-founders" of Islamic State, ratcheting up his assertion that they are responsible for the rise of the militant group and sparking renewed criticism of his leadership ability. "He hates them. He's trying to kill them". Trump again denied that he meant something different than what he said: "No, it's no mistake". He was the founder. (more...)
Donald Trump Believes U.S. President Obama is the Founder of ISIS Donald Trump Believes U.S. President Obama is the Founder of ISIS
- August 12, 2016

The conservative radio show host pressured Trump to restate what he had said , but Trump refused. He accused Trump of "echoing the talking points of Putin and our adversaries to attack American leaders and American interests". Hewitt and Trump went back and forth after that, with Hewitt warning Trump that his critics would seize on his use of "founder" as more example of Trump being loose with words. (more...)
Putin and Erdogan move towards repairing ties amid tension with West Putin and Erdogan move towards repairing ties amid tension with West
- August 12, 2016

Gulen strongly denies any involvement in the attempted putsch and insists his movement is a charitable network promoting tolerant Islam. Lawyers for G├╝len (75) say Turkey has not offered any evidence to support its allegations. The statement said the head of RDIF, Kirill Dmitriev, would also attend the meeting between the two presidents. It should show solidarity to the Turks, who have adopted democratic values. (more...)
Putin: Ankara makes positive decision on resuming Akkuyu, Turkish Stream Putin: Ankara makes positive decision on resuming Akkuyu, Turkish Stream
- August 12, 2016

While much of the West wrung its hands after the coup, Putin was quick to call Erdogan to express support for his rule - and there are similarities in how the two "strongmen" leaders seek to crush critical voices in politics and the media. The Turkish President underscored Putin's phone call in the aftermath of the coup attempt, while ties with Washington have been severed following United States reluctance to extradite the Pennsylvania-based cleric Fethullah Gulen . (more...)
Oil prices fall on US crude inventory build, record Saudi output
- August 12, 2016

The recent bounce forced massive short covering by traders convinced oil was headed back down to the $20s and had nothing to do with the fundamentals. Oil prices fell on Thursday as a build in USA crude inventories and record Saudi Arabian production reinforced fears of a persistent supply overhang that will last well into next year and keep weighing on markets. (more...)
Donald Trump adds 8 women to economic team
- August 12, 2016

The first slate of 13 advisers was named on August 5. Darlene Jordan is the executive director of a nonprofit focused on education and health. Betsy McCaughey, former lieutenant governor of NY state, was also added to the list-alongside ex-husband and " king of bankruptcy " Willbur Ross. (more...)
U.S. jobless claims fall as labour market firms U.S. jobless claims fall as labour market firms
- August 12, 2016

Another report from the Labor Department on Thursday showed inflationary pressures remain minimal. This marks 75 consecutive weeks of initial claims below 300,000, the longest streak since 1970. The upbeat claims report and better-than-expected financial results from retailers Kohl and Macy's boosted USA stocks. Even with the stronger than expected job growth, the unemployment rate held at 4.9 percent in July. (more...)
New poll: Clinton, Trump 'virtually tied' in SC New poll: Clinton, Trump 'virtually tied' in SC
- August 12, 2016

John McCainJohn McCainPoll: Clinton holds 46-point lead among Hispanics France to push for encryption backdoors Illinois Republicans pick immigration reform over Trump MORE (R-Ariz.) drew in 2008 and the roughly 40 percent President George W. (more...)
Donald Trump's lead in SC under margin of error Donald Trump's lead in SC under margin of error
- August 12, 2016

Clinton's lead climbed to 47 percent when only likely voters were considered. Clinton, the Democratic presidential nominee, leads Trump by roughly seven points nation-wide, according to the latest Real Clear Politics average of polls. "The Clinton campaign is already committed to pursuing a 50-state strategy, and this proves the wisdom of that approach". The poll, conducted August 9-10, was administered by Public Policy Polling, a firm based in Raleigh. (more...)
Arianna Huffington Announces She Is Leaving Huffington Post
- August 12, 2016

Over the past few weeks, Huffington has spoken with investors to get financing for her new New York-based company, which will concentrate on providing information and online training to help people reduce stress and increase well-being. In the deal, Huffington stayed on as president and editor-in-chief. The Huffington Post was launched in 2005, and acquired by AOL in 2011 for $315m, and it has since established nine Huffington post worldwide sites. (more...)
Macy's to close stores, eyes online boost
- August 12, 2016

The nation's largest department store chain says that it earned $11 million, or 3 cents per share, in the quarter ended July 30. Macy's revealed it's also in talks to sell its Men's Store on Union Square in San Francisco for redevelopment. (more...)
A Big Deal Could Be Coming For Valeant Pharmaceuticals
- August 12, 2016

Still, that is almost 90% lower than the level Valeant's stock peaked at on August 5 of previous year, when it closed at $ 262.52. In its investor presentation Tuesday, Valeant said that it had restored net profitability to its dermatology prescriptions as of last Friday, and it expects the second half of the year to be seasonally stronger than the first. (more...)
Macy's will close 100 stores next year
- August 12, 2016

The current round of closures will leave Macy's with about 575 full-line stores. The number of stores Macy's is planning to shut represents annual net sales volume of about $1 billion. That compares with $217 million, or 64 cents per share, a year earlier. Excluding charges that are related to store closings, the company earned 51 cents, which is above the 48 cent estimate from FactSet. (more...)
Cancellara denies Froome time trial gold at Rio Olympics Cancellara denies Froome time trial gold at Rio Olympics
- August 12, 2016

But he eventually finished in third, the same position he finished in four years ago in London, in a time of one hour 13 minutes 17.54 seconds. Here on the South Atlantic coast in Brazil there was warm glow notwithstanding the Welsh weather after adding a second Olympic medal to the the Tour de France crown he won for a third time last month, and this in finishing more than a minute adrift of victor Fabian Cancellara. (more...)

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