Markets


Passenger says flight attendant nearly hit baby
- April 28, 2017

United made headlines earlier this month after aggressively dragging a passenger off their plane after he wouldn't volunteer his seat for crew members on an overbooked flight. This guy was far out of line - even if, as Ross pointed out in a news release , "we don't know all the facts" and "neither the company nor the public should rush to judgment". (more...)
Analysts At UBS Securities Reiterated Restaurant Brands International (NYSE:QSR) As Buy Analysts At UBS Securities Reiterated Restaurant Brands International (NYSE:QSR) As Buy
- April 28, 2017

On average, equities research analysts predict that Restaurant Brands International will post $1.83 EPS for the current fiscal year. Adjusted EBITDA of $443.3 million was up 6.8% on an organic basis versus prior year results. A number of large investors have recently bought and sold shares of QSR. Citigroup maintained Restaurant Brands International Inc (NYSE:QSR) on Thursday, October 6 with "Buy" rating. (more...)
Valley National Bancorp (VLY) Issues Quarterly Earnings Results
- April 28, 2017

The ADESA segment is a well-known provider of whole auto auctions and related services to the vehicle remarketing industry in North America. It fall, as 9 investors sold Central Valley Community Bancorp shares while 18 reduced holdings. (more...)
Oil prices fall on lingering oversupply concerns Oil prices fall on lingering oversupply concerns
- April 28, 2017

However, gasoline and distillate stockpiles grew, while US production and imports increased, so the path for higher prices remains tentative, analysts said. Prices are near four-week lows. OPEC, Russia and other producers originally agreed to cut production by 1.8 million barrels per day (bpd) for six months from January 1 to support the market. (more...)
Nasdaq hits 6000 for 1st time as US stocks rise again
- April 28, 2017

The US index, known for its large tech companies such as Apple and Alphabet opened at 6,004.16 and reached highs of 6,022.58 at the time of writing. Elsewhere in the region, the Shanghai Composite Index was off 1%, while Hong Kong's Hang Seng Index fell 0.4% and Australia's was flat. (more...)
RBS posts first quarterly profit since the third quarter of 2015 RBS posts first quarterly profit since the third quarter of 2015
- April 28, 2017

Ross McEwan, the RBS chief executive, said: "This bank has a very strong core with great potential, and we believe that by going further on cost reduction and faster on digital transformation - we will deliver a simpler, safer and even more customer-focused bank, with a compelling investment case". (more...)
Two arrested in Waterford for suspected terrorist activity Two arrested in Waterford for suspected terrorist activity
- April 28, 2017

The two were were arrested as part of an ongoing intelligence-led operation into persons involvement in suspected terrorism activity. The married couple were arrested on suspicion of facilitating the movement of money for Islamic extremists group, which is among the offences covered by the Criminal Justice Terrorist Offence Act 2005. (more...)
Trump says he will renegotiate NAFTA or terminate it
- April 28, 2017

The relationship is very special, and I said, 'I will hold on the termination. Renegotiating or withdrawing from NAFTA, a decades-old trade deal that Trump has described as a "disaster" and says hurts US workers, was one of the president's campaign pledges. (more...)
Devotees throng churches for Easter celebrations
- April 28, 2017

The Rev. Bette Hedden with Aldersgate United Methodist Church in Greenwood said the Lenten season, a time of fasting and repentance for Christians, beginning on Ash Wednesday and ending on Easter, offers time for daily prayer and reflection. (more...)
Pence Assures Australia US Will Honor Refugee Deal
- April 28, 2017

Australia's relationship with the new administration in Washington got off to a rocky start when Trump lambasted Turnbull over a refugee resettlement arrangement that Trump labeled a "dumb" deal. Turnbull has resisted pressure to choose between the two countries, both of which are considered vital allies. "We seek leadership from China to join the leadership shown by the United States and Japan and Australia". (more...)
Starbucks quarterly revenue falls short, stock falls Starbucks quarterly revenue falls short, stock falls
- April 28, 2017

Starbucks Corporation (SBUX) ended its day with loss -0.25% and finalized at the price of $60.96. Shares outstanding are recorded as 1432.08 B and total shares floated are 1417.05 B. On Friday, February 10 the stock rating was downgraded by Argus Research to "Hold". Starbucks is expected to report its latest results after the market closes Thursday. (more...)
Montana mill: New tariffs on Canadian timber are a good start Montana mill: New tariffs on Canadian timber are a good start
- April 28, 2017

After a six-month investigation, the U.S. Department of Commerce found that Canada has been subsidizing the sale of softwood lumber into the United States, causing the department to impose new tariffs on Canadian softwood imports. USA lumber officials praised Trump's move. "Lumber prices are high right now and the reality is the United States needs our lumber", she said. The duties on softwood lumber has made for some great material for late night shows. (more...)
United States Steel Corporation downgraded to Hold By Deutsche Bank United States Steel Corporation downgraded to Hold By Deutsche Bank
- April 28, 2017

Steel posted adjusted earnings before interest, taxes, depreciation and amortization of $74 million, falling short of all nine analyst estimates. (X) now has the market capitalization of $3.94 Billion, P/E (price to earnings ttm) of 0 and Weekly volatility of 5.62% and monthly volatility of 5.01% respectively. (more...)
Oil falls to two-week low as gasoline supply rises, dollar gains Oil falls to two-week low as gasoline supply rises, dollar gains
- April 28, 2017

May West Texas Intermediate crude CLK7, -3.95% lost 15 cents, or 0.3%, at $52.26 a barrel on the New York Mercantile Exchange. In order to stabilize oil markets, 10 out of 13 OPEC member states pledged in December 2016 to trim oil production for six months by 1.8 million barrels per day. (more...)
Coffee giant meets profit expectations but sales miss Coffee giant meets profit expectations but sales miss
- April 28, 2017

Customer transactions were down 2%, which the company attributed to a change in its rewards program. Starbucks reported a 3 percent sales increase at established USA stores, marking the fourth straight quarter the figure has come in below 5 percent. (more...)
How major United States stock market indexes fared on Tuesday
- April 28, 2017

Solid earnings reports and outlooks from several big companies sent USA stocks higher in morning trading. Friedman's comment came as the Nasdaq released its mixed first-quarter earnings results. Wall Street is coming off its best two-day gain of the year after a favorable French election outcome and strong earnings boosted investor optimism and sparked demand for risk assets. (more...)
How Trump's tax plan would affect households How Trump's tax plan would affect households
- April 28, 2017

Such assumptions have been at the heart of Republican tax orthodoxy since Ronald Reagan used them to justify massive tax cuts in 1981 that were derided at the time by critics as "voodoo economics". The White House is also proposing to eliminate the estate tax and alternative minimum tax, both of which primarily impact upper-income Americans. In a series of contentious interviews on Thursday's network morning shows, Treasury Secretary Steve Mnuchin was forced to debate with anchors about ... (more...)
Oil slides to one-month low as Libya restarts Sharara field Oil slides to one-month low as Libya restarts Sharara field
- April 28, 2017

Domestic drillers have been adding rigs and increasing shale output at a breakneck pace, offsetting OPEC's supply quota. Yesterday, the Energy Information Administration said U.S. Crude stocks at the Cushing, Okla., delivery hub for USA crude futures fell 1.2 MMbbl, EIA said. Investors are focusing on what the market looks like coming out of refinery maintenance season and are evaluating whether the storage glut is going to reappear in the form of refined product builds, Michael Tran, a ... (more...)
Unauthorized activity on Chipotle customers' cards Unauthorized activity on Chipotle customers' cards
- April 28, 2017

The company provided little details on the investigation or its findings thus far. Chipotle warned customers to monitor their debit and credit card statements and to contact their financial institutions if they notice any unauthorized transactions. (more...)
Dragged passenger reaches settlement with United Airlines Dragged passenger reaches settlement with United Airlines
- April 28, 2017

The lawyer said the airline should be applauded for accepting corporate accountability in the matter. "I sincerely hope that all other airlines make similar changes and follow United's lead in helping to improve the passenger flying experience with an emphasis on empathy, patience, respect and dignity". (more...)

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