Markets


Late Night Hosts Break Down Donald Trump's First 100 Days As President Late Night Hosts Break Down Donald Trump's First 100 Days As President
- April 29, 2017

Donald Trump has officially been president for 100 days, and the late night hosts (we care about) all chose to mark the occasion by toasting to all his accomplishments thus far. Colbert's opening monologue also tackled the constant, anonymous leaks flowing out of the White House and the hilarious viral campaign to flood the U.S. (more...)
John Horgan appears to concede election to Liberals
- April 29, 2017

She says the party is committed to standing up for B.C.in softwood lumber talks with the USA and making sure taxes are low to keep the province competitive. Horgan says he gets angry when he sees government inaction on a range of issues. British Columbia NDP Leader John Horgan . When Clark was asked about trust, in light of a police investigation into political-party fundraising, her bogus claim that the NDP had hacked into a Liberal computer system, and the quiet salary the party paid ... (more...)
BC Greens promise to balance budget, make tax system more progressive
- April 29, 2017

At a campaign stop in Prince George yesterday, Horgan noted that today is National Day of Mourning, which is held each year to honour workers who were killed on the job. "I can't believe you just said that, John". Softwood lumber is an enduring irritant between the USA and Canada. The B.C. Liberals have drawn attention to more than $650,000 the NDP got from the United Steelworkers a year ago, a USA based worldwide union with roughly 40,000 members in Western Canada. (more...)
U.S. economy expands at slowest pace in Q1 since 2014 U.S. economy expands at slowest pace in Q1 since 2014
- April 29, 2017

It only grew at an annual pace of 0.7% in the first three months of the year, according to the Commerce Department's report on gross domestic product , the broadest measure of economic activity. For the first quarter of 2017, it grew a measly 0.7 percent, the worst growth since mid-2014. Economists believe Federal Reserve officials are likely to view both the anemic consumer spending and GDP growth as temporary when they meet next week. (more...)
Google's moonshots lost $855 million last quarter
- April 29, 2017

Alphabet CFO Ruth Porat during her earnings call said that revenues at YouTube continue growing at a substantial clip, which dispelled concerns over the possible impact from a boycott by advertisers of its video service. Google's cost-per-click fell sharply year-over-year in the first quarter, shrinking 19 percent. The company's headcount stood at 73,992 as of the end of March, up 15% from the year prior; the most sizable increase in employees was in the Google Cloud division, Porat said. (more...)
Amazon is the fastest growing marketplace in India: Jeff Bezos Amazon is the fastest growing marketplace in India: Jeff Bezos
- April 29, 2017

Amazon's first-quarter earnings beat Wall Street expectations and sent shares surging to a record. Flipkart, the biggest hurdle in Amazon's plans, continues to hold a 25-30 per cent lead over the United States giant in terms of sales. Additionally, according to the app analytics firm - App Annie , Amazon is the highest downloaded shopping app in the country. "We see a lot of potential for the country and our business there", said Amazon CFO Brian T. (more...)
Bill O'Reilly Accuser Shares Details Of Sexual Harassment On The View Bill O'Reilly Accuser Shares Details Of Sexual Harassment On The View
- April 29, 2017

President Barack Obama during an event at the White House in February of 2014 in Washington, is launching a new podcast Monday. His populist rhetoric, unapologetic approach and unlimited ego made him the most popular cable news personality in the country. (more...)
Trump Seeks To Reinvigorate His Base With A Speech At The NRA
- April 29, 2017

Trump found plenty of affirmation, though, at the NRA's conference, where the group's anti-Hillary Clinton commercials played repeatedly on large screens and speakers basked in Trump's upset win over the Democrat. In a March 2016 debate, Trump was asked about the passage, and he replied " I don't support it anymore ". Trump's address was reminiscent of his election rallies. (more...)
Recent Research Analysts' Ratings Changes for Alphabet (GOOGL)
- April 29, 2017

Google's "other revenues", a category that includes hardware and cloud services, hit almost $3.1 billion (roughly Rs. 19,930 crores) in the most recent quarter, a gain of about 50 percent from the same quarter a year earlier. The Google parent is still dealing with a controversy regarding some ads that appeared in potentially offensive content, resulting in some advertisers boycotting YouTube and some Google services. (more...)
Oil Prices Fall On Oversupply Oil Prices Fall On Oversupply
- April 29, 2017

In Libya, the Sharara and El Feel oilfields had restarted production, said a source-based Reuters report. Benchmark Brent crude was down 60 cents at $51.22 a barrel by 0915 GMT, nearly 10 percent below this month's peak. A day after industry group the American Petroleum Institute reported an estimated increase of 897,000 barrels in U.S. inventories, the EIA said there was actually a draw of 3.6 million barrels for the week to April 21. (more...)
General Motors Profit Up 34 Percent On US Truck, SUV Sales General Motors Profit Up 34 Percent On US Truck, SUV Sales
- April 29, 2017

US sales of large truck-based SUVs such as the Chevrolet Tahoe rose nearly 15 percent for the quarter to almost 54,000. GM continues to generate the bulk of its profits in North America, where it is commanding high prices for pickup trucks and big SUVs like the Chevrolet Suburban even as pricing erodes on passenger cars and smaller SUVs industrywide. (more...)
Leaked Trump draft order blames NAFTA for 'massive' wealth transfer from US Leaked Trump draft order blames NAFTA for 'massive' wealth transfer from US
- April 29, 2017

PREM GANDHI: I think that will be a very costly and very - I shouldn't say stupid mistake, but it will be a mistake. On Thursday, Trump struck a largely conciliatory tone, acknowledging that ending NAFTA would be a "shock to the system" and saying he has "very good" relationships with both Pena Nieto and Trudeau. (more...)
YouTube ad boycott could spell trouble for Alphabet's Google YouTube ad boycott could spell trouble for Alphabet's Google
- April 29, 2017

Beat earnings estimates . The company reported diluted earnings of $7.73 per share, surpassing the Zacks Consensus Estimate of $7.48 per share. Revenue at Google increased by 22.2% to end the quarter to $24.75 billion compared to $20.25 billion for the same quarter one year ago. (more...)
Physician dragged off flight settles with United Physician dragged off flight settles with United
- April 29, 2017

United CEO Oscar Munoz previously assured that United Airlines would review policies that led to Dao's removal from a flight. "Both Dr. Dao and I applaud United for promptly addressing the many issues that have plagued passenger satisfaction in the arena of airline customer service", Dao's attorney, Thomas Demetrio, said in a statement on Thursday. (more...)
The Big Tax Questions Trump and Republicans Can't Answer The Big Tax Questions Trump and Republicans Can't Answer
- April 29, 2017

Also during the campaign, Trump proposed getting rid of the "head of household" filing status, which is mainly used by single parents. "The United States now taxes the worldwide income of US persons, including corporations formed under USA law, and provides a credit for foreign taxes paid to mitigate so-called "double" tax on cross-border income". (more...)
Senate Confirms Acosta as Labor Secretary
- April 29, 2017

Acosta, a former US state's attorney and dean of Florida International University College of Law, is the last Trump cabinet member to be confirmed. "What an fantastic nation, that the son of refugees who forewent education to support their family could be standing here with his father in this House taking this Oath", Acosta continued. (more...)
Trump taking steps to expand Atlantic, Arctic drilling
- April 29, 2017

Trump had campaigned on a promise to do away with Obama-era environmental protections that he said were hobbling energy development and undermining US national security without providing any tangible benefits, cheering industry but enraging environmental advocates. (more...)
Trump tax plan to produce budget issues in short term: Mnuchin Trump tax plan to produce budget issues in short term: Mnuchin
- April 29, 2017

But White House officials have said that the tax cuts will create such a jump in economic growth that it will create new revenue, an assumption that has divided experts. The White House decision comes at a crucial time. Both Trump and Mnuchin have promised that the overhaul of the tax code they are planning would be the biggest since the Reagan administration. (more...)
Claims about Trump's tax plan don't hold up
- April 29, 2017

With much fanfare, President Trump's revise tax reform plan was unveiled on April 26, presented to the press corps by Treasury Secretary Steven Mnuchin and National Economic Council Director Gary Cohn. "The comparable figure for a cut in capital taxes is about 50 percent". The death tax will be repealed. But again, it's impossible to know for sure without details about which income levels would be assigned to which tax bracket. (more...)
14 million American jobs are on the line — Messing with NAFTA
- April 29, 2017

It's been a central theme for the president and a source of anger and anxiety among some voters. As treasury secretary and a former White House chief of staff to President Ronald Reagan, Baker was uniquely positioned to finalize the deal and finesse it through Congress. (more...)

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