Markets
Google CEO Sundar Pichai doubled his pay past year to $200 million
- May 06, 2017
Last year, the company delivered earnings of $6.02 per share on total sales of $20.26 billion during the same quarter. Shares at Alphabet increased 2.8% after the closing bell Thursday. Revenue, however, continued to climb, up to $244 million this quarter compared to $165 million in the same quarter a year earlier. "We have wanted to see Google be more than just an advertising company", he said. (more...)
- May 06, 2017
Last year, the company delivered earnings of $6.02 per share on total sales of $20.26 billion during the same quarter. Shares at Alphabet increased 2.8% after the closing bell Thursday. Revenue, however, continued to climb, up to $244 million this quarter compared to $165 million in the same quarter a year earlier. "We have wanted to see Google be more than just an advertising company", he said. (more...)
Oil drops below $45 for first time since OPEC deal
- May 06, 2017
The precise trigger for the two-day sell off, which has loped more than 7% from global crude prices, is hard to pinpoint, but the downward slope has been evident since last month's OPEC report in which the cartel raised its supply forecast for non-members, thanks in part to a huge upswing in shale oil production. (more...)
- May 06, 2017
The precise trigger for the two-day sell off, which has loped more than 7% from global crude prices, is hard to pinpoint, but the downward slope has been evident since last month's OPEC report in which the cartel raised its supply forecast for non-members, thanks in part to a huge upswing in shale oil production. (more...)
Portland, Oregon to demand controversial Uber software tool
- May 06, 2017
The Justice Department is probing allegations that Uber used phony software to thwart city officials looking at whether the ride-hailing company was following local regulations. In a statement, Saltzman said the city supports the federal investigation. Current and former employees, however, told Reuters the company used the software as part of its broader Validation of Terms of Service, which analyzed credit card data, device identification, location data, and other factors to determine ... (more...)
- May 06, 2017
The Justice Department is probing allegations that Uber used phony software to thwart city officials looking at whether the ride-hailing company was following local regulations. In a statement, Saltzman said the city supports the federal investigation. Current and former employees, however, told Reuters the company used the software as part of its broader Validation of Terms of Service, which analyzed credit card data, device identification, location data, and other factors to determine ... (more...)
Economic Growth Hit Three-Year Low During First Quarter
- May 06, 2017
Britain's powerhouse services sector, which accounts for 78% of the United Kingdom economy, put downward pressure on overall growth after expanding by 0.3% between January and March this year, slowing from 0.8% between October and December of 2016. (more...)
- May 06, 2017
Britain's powerhouse services sector, which accounts for 78% of the United Kingdom economy, put downward pressure on overall growth after expanding by 0.3% between January and March this year, slowing from 0.8% between October and December of 2016. (more...)
Fed: US slowdown in Q1 'likely to be transitory'
- May 06, 2017
The FOMC members discounted the tepid growth in the first quarter - when GDP expanded by only 0.7 percent, the slowest in three years - as a one-time issue, while emphasizing the continued strong labor market and solid hiring. The Fed usually raises interest rates in strong economic times, which then has the knock-on effect of raising the demand for the US dollar and jumping up its value. (more...)
- May 06, 2017
The FOMC members discounted the tepid growth in the first quarter - when GDP expanded by only 0.7 percent, the slowest in three years - as a one-time issue, while emphasizing the continued strong labor market and solid hiring. The Fed usually raises interest rates in strong economic times, which then has the knock-on effect of raising the demand for the US dollar and jumping up its value. (more...)
US missile submarine arrives in S.Korea
- May 06, 2017
In calling on the United Nations to impose additional and stronger sanctions, he branded Pyongyang's rudimentary nuclear arsenal as "a real threat to the world", "a big world problem" that "we have to finally solve". The U.S. Navy destroyer, the USS Wayne E. Meyer, began maritime exercises with a South Korean destroyer in the Yellow Sea, west of the Korean Peninsula, Tuesday. (more...)
- May 06, 2017
In calling on the United Nations to impose additional and stronger sanctions, he branded Pyongyang's rudimentary nuclear arsenal as "a real threat to the world", "a big world problem" that "we have to finally solve". The U.S. Navy destroyer, the USS Wayne E. Meyer, began maritime exercises with a South Korean destroyer in the Yellow Sea, west of the Korean Peninsula, Tuesday. (more...)
Budget Document Seeks Almost 95 Percent Cut for 'Drug Czar' Office
- May 06, 2017
He's likely right that no Trump appointee will embrace meaningful drug policy reform. Both programs are supported by politicians on both sides of the aisle. "While I can appreciate the president's desire to cut spending, the Office of National Drug Control Policy plays an important role in combating the drug crisis in West Virginia and across our nation", said U.S. (more...)
- May 06, 2017
He's likely right that no Trump appointee will embrace meaningful drug policy reform. Both programs are supported by politicians on both sides of the aisle. "While I can appreciate the president's desire to cut spending, the Office of National Drug Control Policy plays an important role in combating the drug crisis in West Virginia and across our nation", said U.S. (more...)
Dollar steady with eyes on Fed for rate clues; kiwi higher
- May 06, 2017
The unemployment rate dipped to 4.4% from 4.5%, the lowest rate since May 2007. The Fed kept interest rates unchanged at its two-day policy meeting on Wednesday and emphasized the strength of the labor market in its subsequent statement - a sign it was still on track for two more rate rises this year. (more...)
- May 06, 2017
The unemployment rate dipped to 4.4% from 4.5%, the lowest rate since May 2007. The Fed kept interest rates unchanged at its two-day policy meeting on Wednesday and emphasized the strength of the labor market in its subsequent statement - a sign it was still on track for two more rate rises this year. (more...)
What C919 means to China jet industry and domestic airlines
- May 06, 2017
Commentators are divided on the potential for the plane, but some argue it could pose a major threat to the current Boeing/Airbus duopoly in large commercial aircraft. Boeing predicts that over the next two decades, China's air passenger traffic will swell by 6 percent annually, stimulating the need for 6,810 new planes worth a total of $1 trillion (£770 billion). (more...)
- May 06, 2017
Commentators are divided on the potential for the plane, but some argue it could pose a major threat to the current Boeing/Airbus duopoly in large commercial aircraft. Boeing predicts that over the next two decades, China's air passenger traffic will swell by 6 percent annually, stimulating the need for 6,810 new planes worth a total of $1 trillion (£770 billion). (more...)
SpaceX launches secretive spy satellite
- May 06, 2017
The rocket lifted off at 7:15 a.m. EDT, but this was the second attempt for this launch. NROL-76 was originally scheduled to launch on Sunday, but was delayed due to an issue with a sensor on the first stage engine, according to SpaceX . (more...)
- May 06, 2017
The rocket lifted off at 7:15 a.m. EDT, but this was the second attempt for this launch. NROL-76 was originally scheduled to launch on Sunday, but was delayed due to an issue with a sensor on the first stage engine, according to SpaceX . (more...)
US lawmakers grill airline executives after customer disasters
- May 06, 2017
David Dao, the 69-year-old passenger, didn't want to give up his seat. The guy who resisted officers and screamed like a insane man as he was dragged from a United flight to make room for an airline employee, was within his rights to demand an explanation, but not to endanger fellow passengers by clinging to their seats. (more...)
- May 06, 2017
David Dao, the 69-year-old passenger, didn't want to give up his seat. The guy who resisted officers and screamed like a insane man as he was dragged from a United flight to make room for an airline employee, was within his rights to demand an explanation, but not to endanger fellow passengers by clinging to their seats. (more...)
Profit down 27 percent at Buffett's firm on investment gains
- May 06, 2017
The results were released one day before Berkshire's annual meeting in Omaha, Nebraska, where Buffett, 86, and Berkshire Vice Chairman Charlie Munger, 93, will answer five hours of questions from shareholders, journalists and analysts. companies on their own. In early Wall Street trade, IBM shares were down 2.5 percent at $154.00. The days leading up to Berkshire's earnings report and annual meeting are like a bacchanalia for Buffett groupies, with hot takes about and from The Oracle ... (more...)
- May 06, 2017
The results were released one day before Berkshire's annual meeting in Omaha, Nebraska, where Buffett, 86, and Berkshire Vice Chairman Charlie Munger, 93, will answer five hours of questions from shareholders, journalists and analysts. companies on their own. In early Wall Street trade, IBM shares were down 2.5 percent at $154.00. The days leading up to Berkshire's earnings report and annual meeting are like a bacchanalia for Buffett groupies, with hot takes about and from The Oracle ... (more...)
US has many moves left in North Korea strategy, Tillerson says
- May 06, 2017
U.S. Secretary of State Rex Tillerson (C) poses with ASEAN foreign ministers before a working lunch at the State Department in Washington , U.S., May 4, 2017. and other Asian powers to go on easy on North Korea . "We've got a long list of things to work on, from our arms agreements.to obviously getting to Ukraine, Crimea, and other places where Russia's not being particularly helpful today", Tillerson said. (more...)
- May 06, 2017
U.S. Secretary of State Rex Tillerson (C) poses with ASEAN foreign ministers before a working lunch at the State Department in Washington , U.S., May 4, 2017. and other Asian powers to go on easy on North Korea . "We've got a long list of things to work on, from our arms agreements.to obviously getting to Ukraine, Crimea, and other places where Russia's not being particularly helpful today", Tillerson said. (more...)
United States growth rate hits three-year low at 0.7%
- May 06, 2017
This has been the worst quarterly economic performance since the first quarter of 2014 when growth experienced a 1.2% drop. The GDP slowdown owes partly to transitory forces such as warm weather and volatility in inventories, which supports forecasts for a rebound as high confidence among companies and consumers and a solid job market underpin growth. (more...)
- May 06, 2017
This has been the worst quarterly economic performance since the first quarter of 2014 when growth experienced a 1.2% drop. The GDP slowdown owes partly to transitory forces such as warm weather and volatility in inventories, which supports forecasts for a rebound as high confidence among companies and consumers and a solid job market underpin growth. (more...)
Flybe Group PLC (FLYB) Given "Buy" Rating at HSBC Holdings plc
- May 06, 2017
They have a price target of GBX 180.00 on BARC or -13.93% more downside. This is 0.50% from the last stock close. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/05/05/flybe-group-plc-flyb-given-buy-rating-at-hsbc-holdings-plc.html. (more...)
- May 06, 2017
They have a price target of GBX 180.00 on BARC or -13.93% more downside. This is 0.50% from the last stock close. The legal version of this piece can be viewed at https://www.chaffeybreeze.com/2017/05/05/flybe-group-plc-flyb-given-buy-rating-at-hsbc-holdings-plc.html. (more...)
Puerto Rico files for $70 billion municipal bankruptcy
- May 06, 2017
Puerto Rico, whose government owes more than $70 billion in bond debt, also has almost $50 billion in pension liabilities as a outcome of a more than decade-long recession. The U.S. -dominated island nation faces a Medicaid funding gap of US$650 million this year, while unemployment is almost twice the average of the rate in U.S. (more...)
- May 06, 2017
Puerto Rico, whose government owes more than $70 billion in bond debt, also has almost $50 billion in pension liabilities as a outcome of a more than decade-long recession. The U.S. -dominated island nation faces a Medicaid funding gap of US$650 million this year, while unemployment is almost twice the average of the rate in U.S. (more...)
Berkshire AGM on Saturday: What to expect from Buffett & Charlie Munger
- May 06, 2017
The shares have lagged behind both technology peers and the S&P 500 Index in 2017. Buffett also appears to have revalued the tech behemoths somewhat and that too, downwards. "Buffett often has praised Jeff Bezos", Amazon's CEO, Milunovich wrote in a note Friday . Buffett may also get questions about his surprise bets on Apple Inc and the four biggest United States airlines. (more...)
- May 06, 2017
The shares have lagged behind both technology peers and the S&P 500 Index in 2017. Buffett also appears to have revalued the tech behemoths somewhat and that too, downwards. "Buffett often has praised Jeff Bezos", Amazon's CEO, Milunovich wrote in a note Friday . Buffett may also get questions about his surprise bets on Apple Inc and the four biggest United States airlines. (more...)
China's first large passenger jet takes to sky
- May 06, 2017
In a written reply to China Daily, the Shanghai-based airline, which is expected to be the first carrier to take delivery of the homegrown single-aisle passenger jet, said it was "extremely confident about the future of the C919". Adopting a cutting-edge engine and other components, the C919 is considered comparable with the rival planes in quality, said Yasuo Hashimoto, senior researcher at Japan Aviation Management Research. (more...)
- May 06, 2017
In a written reply to China Daily, the Shanghai-based airline, which is expected to be the first carrier to take delivery of the homegrown single-aisle passenger jet, said it was "extremely confident about the future of the C919". Adopting a cutting-edge engine and other components, the C919 is considered comparable with the rival planes in quality, said Yasuo Hashimoto, senior researcher at Japan Aviation Management Research. (more...)
Marine Le Pen's own followers are starting to acknowledge her impending defeat
- May 06, 2017
The documents spread on social media just before midnight on Friday - when 39-year-old Macron and his far-right rival Marine Le Pen officially wrapped up campaigning for Sunday's election - with his aides calling the leak "unprecedented in a French electoral campaign". (more...)
- May 06, 2017
The documents spread on social media just before midnight on Friday - when 39-year-old Macron and his far-right rival Marine Le Pen officially wrapped up campaigning for Sunday's election - with his aides calling the leak "unprecedented in a French electoral campaign". (more...)
VWR CORP (NASDAQ:VWR) Seeing Rampant Activity Today
- May 06, 2017
The share price of VWR Corporation (NASDAQ: VWR ) was up +17.88% during the last trading session, with a day high of 37.25. The Stock now has the market capitalization of $93.26 Billion, P/E (price to earnings ttm) of 23.67 and Weekly volatility of 2.26% and monthly volatility of 2.00% respectively. (more...)
- May 06, 2017
The share price of VWR Corporation (NASDAQ: VWR ) was up +17.88% during the last trading session, with a day high of 37.25. The Stock now has the market capitalization of $93.26 Billion, P/E (price to earnings ttm) of 23.67 and Weekly volatility of 2.26% and monthly volatility of 2.00% respectively. (more...)
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Bullard says current rate likely appropriate for forecast horizon