Markets
North Korea has a long history of odd accusations
- May 08, 2017
The hasty deployment of an advanced United States missile shield to deal with missile threats from the North has deepened a row between South Korea and its powerful neighbour China. It did not mention Kim Jong-un by name, but he is widely referred to as the supreme leader. March and April 2017: "Kim" meets a South Korean agent in the city of Dandong in China and is given a new transmitter and more cash. (more...)
- May 08, 2017
The hasty deployment of an advanced United States missile shield to deal with missile threats from the North has deepened a row between South Korea and its powerful neighbour China. It did not mention Kim Jong-un by name, but he is widely referred to as the supreme leader. March and April 2017: "Kim" meets a South Korean agent in the city of Dandong in China and is given a new transmitter and more cash. (more...)
Juncker: "Slowly but surely English is losing importance in"
- May 08, 2017
However, the decision of its people has to be respected and cordial relations need to be maintained. "It is not a small thing", Juncker said on Friday. The UKIP leader, Paul Nuttall, directly linked his party's defeat to the public dispute between the Prime Minister and European Commission president Jean Claude Juncker , saying it was "particularly fortuitously timed for the Conservatives". (more...)
- May 08, 2017
However, the decision of its people has to be respected and cordial relations need to be maintained. "It is not a small thing", Juncker said on Friday. The UKIP leader, Paul Nuttall, directly linked his party's defeat to the public dispute between the Prime Minister and European Commission president Jean Claude Juncker , saying it was "particularly fortuitously timed for the Conservatives". (more...)
Always Dreaming Wins The 143rd Kentucky Derby
- May 08, 2017
Both horses unexpectedly ran huge races that left racing experts scratching their heads. Always Dreaming , ridden by John Velazquez, was a dominant victor Saturday in the 143rd running of the Kentucky Derby at Churchill Downs before a crowd of 158,070. (more...)
- May 08, 2017
Both horses unexpectedly ran huge races that left racing experts scratching their heads. Always Dreaming , ridden by John Velazquez, was a dominant victor Saturday in the 143rd running of the Kentucky Derby at Churchill Downs before a crowd of 158,070. (more...)
Lawmakers to airlines: Improve service or Congress steps in
- May 08, 2017
The White House has not weighed in on whether new rules are needed to respond to airline customer service issues. With his tail tucked firmly between his legs, United Airlines chief executive Oscar Munoz said all the right things during a high-pressure appearance before the House Transportation Committee on Tuesday. (more...)
- May 08, 2017
The White House has not weighed in on whether new rules are needed to respond to airline customer service issues. With his tail tucked firmly between his legs, United Airlines chief executive Oscar Munoz said all the right things during a high-pressure appearance before the House Transportation Committee on Tuesday. (more...)
Buffett expresses sympathy, but Berkshire political spending proposal fails
- May 08, 2017
On Monday, Buffett will face more questions during a series of television interviews. In 2015, Berkshire made a bet that could profit from increased cyber breaches. Berkshire holds about 133 million Apple shares, but Buffett says he looks at that more as a consumer products company instead of a technology company. (more...)
- May 08, 2017
On Monday, Buffett will face more questions during a series of television interviews. In 2015, Berkshire made a bet that could profit from increased cyber breaches. Berkshire holds about 133 million Apple shares, but Buffett says he looks at that more as a consumer products company instead of a technology company. (more...)
Warren Buffett says coal won't make a comeback
- May 08, 2017
But, he added, "I think they may be a long way off". Munger said the country's room for further economic growth will allow it to see a boom in investments going forward, but did caution there would be "growing pains" along the way. He contrasted that with Berkshire's hotline, which he said is "the main source of information for me about anything that's being done wrong at a subsidiary". (more...)
- May 08, 2017
But, he added, "I think they may be a long way off". Munger said the country's room for further economic growth will allow it to see a boom in investments going forward, but did caution there would be "growing pains" along the way. He contrasted that with Berkshire's hotline, which he said is "the main source of information for me about anything that's being done wrong at a subsidiary". (more...)
Trump, Turnbull in healthcare controversy
- May 08, 2017
Trump also returned to the subject, tweeting Friday afternoon, "Of course the Australians have better healthcare than we do -everybody does", adding that USA health care "will soon be great". It's built on millions of people-to-people ties. Trump's press conference with Turnbull was also notable for an awkward moment when the U.S. president failed to notice the Australian PM attempting to shake his hand. (more...)
- May 08, 2017
Trump also returned to the subject, tweeting Friday afternoon, "Of course the Australians have better healthcare than we do -everybody does", adding that USA health care "will soon be great". It's built on millions of people-to-people ties. Trump's press conference with Turnbull was also notable for an awkward moment when the U.S. president failed to notice the Australian PM attempting to shake his hand. (more...)
French presidential candidate Marine Le Pen accused of plagiarism
- May 08, 2017
Numerous protesters who took to the streets Monday were reportedly there to show their distaste for both far-right candidate Marine Le Pen and centrist Emmanuel Macron . Macron is seeking to remind voters of the dark past of rival Marine Le Pen's National Front party, which she has tried to detoxify. "We know that we have a challenge to change a vote from one which is against Le Pen to one which is one for Macron". (more...)
- May 08, 2017
Numerous protesters who took to the streets Monday were reportedly there to show their distaste for both far-right candidate Marine Le Pen and centrist Emmanuel Macron . Macron is seeking to remind voters of the dark past of rival Marine Le Pen's National Front party, which she has tried to detoxify. "We know that we have a challenge to change a vote from one which is against Le Pen to one which is one for Macron". (more...)
Pham's 2-run HR lifts Cards over Braves 6-4 in 14
- May 08, 2017
It seems that every time I back the Cardinals It's an adventure and I think the Braves at least have a chance here... "To come through and get it over with was huge". With Michael Wacha set to face R.A. Dickey in the pitching matchup, the over/under now sits at 8.5 runs. Braun left a game against the Braves last Sunday early with the arm in distress. (more...)
- May 08, 2017
It seems that every time I back the Cardinals It's an adventure and I think the Braves at least have a chance here... "To come through and get it over with was huge". With Michael Wacha set to face R.A. Dickey in the pitching matchup, the over/under now sits at 8.5 runs. Braun left a game against the Braves last Sunday early with the arm in distress. (more...)
Perdue makes changes to school lunches
- May 08, 2017
However, critics fear that it marks the start of a larger change in direction from a first lady who made nutrition and health a main cause. "If kids aren't eating the food, and it's ending up in the trash, they aren't getting any nutrition - thus undermining the intent of the program", Perdue said , announcing his " Moves to Make School Meals Great Again " proclamation . (more...)
- May 08, 2017
However, critics fear that it marks the start of a larger change in direction from a first lady who made nutrition and health a main cause. "If kids aren't eating the food, and it's ending up in the trash, they aren't getting any nutrition - thus undermining the intent of the program", Perdue said , announcing his " Moves to Make School Meals Great Again " proclamation . (more...)
House panel passes Choice Act; Wells said to target aliens
- May 08, 2017
Democratic Reps. William Lacy Clay (Mo.), John Delaney (Md.), Carolyn Maloney (N.Y.) and Gregory Meeks (N.Y.) - all members of the House Financial Services Committee - said in interviews that they don't have any plans to offer amendments to the bill on the House floor. (more...)
- May 08, 2017
Democratic Reps. William Lacy Clay (Mo.), John Delaney (Md.), Carolyn Maloney (N.Y.) and Gregory Meeks (N.Y.) - all members of the House Financial Services Committee - said in interviews that they don't have any plans to offer amendments to the bill on the House floor. (more...)
Trump's Tax Plan: A Move In The Right Direction
- May 08, 2017
Much of Trump's income from his various businesses are taxed as "pass-through" corporations, a category that requires owners under current rules to pay individual tax rates as high as 39.6 percent. Trump's proposal, a one-page outline short on detail, says he would double the standard tax deduction, which could provide significant relief to working-class families. (more...)
- May 08, 2017
Much of Trump's income from his various businesses are taxed as "pass-through" corporations, a category that requires owners under current rules to pay individual tax rates as high as 39.6 percent. Trump's proposal, a one-page outline short on detail, says he would double the standard tax deduction, which could provide significant relief to working-class families. (more...)
Looking Mainly At Fundamentals: Valero Energy Corp. (VLO), Ross Stores, Inc. (ROST)
- May 08, 2017
Valero Energy's revenue was up 38.6% on a year-over-year basis. The stock has earnings growth of -35.90% yoy and showed a high EPS growth of 6.00% over the past five years. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.35%. (more...)
- May 08, 2017
Valero Energy's revenue was up 38.6% on a year-over-year basis. The stock has earnings growth of -35.90% yoy and showed a high EPS growth of 6.00% over the past five years. Stockholders of record on Wednesday, May 17th will be given a dividend of $0.70 per share. This represents a $2.80 annualized dividend and a yield of 4.35%. (more...)
Buffett refuses to reveal his successor at Berkshire Hathaway AGM
- May 08, 2017
At the start of the annual meeting on Saturday (Sunday AEST), Buffett called out the attendance of Vanguard Group founder Jack Bogle in the audience. Charlie Munger, Buffett's partner, also decried incentives for healthcare providers to charge ever higher costs for procedures with questionable impact, saying there is "too much chemotherapy on people that are basically dead". (more...)
- May 08, 2017
At the start of the annual meeting on Saturday (Sunday AEST), Buffett called out the attendance of Vanguard Group founder Jack Bogle in the audience. Charlie Munger, Buffett's partner, also decried incentives for healthcare providers to charge ever higher costs for procedures with questionable impact, saying there is "too much chemotherapy on people that are basically dead". (more...)
Comac C919 lands after uneventful maiden sortie
- May 08, 2017
It was built by state-owned Commercial Aircraft Corp. of China or Comac. China's home-grown C919 passenger jet landed successfully in Shanghai after an 80-minute maiden flight on Friday, a major step for Beijing as it looks to boost its profile in the global aviation market. (more...)
- May 08, 2017
It was built by state-owned Commercial Aircraft Corp. of China or Comac. China's home-grown C919 passenger jet landed successfully in Shanghai after an 80-minute maiden flight on Friday, a major step for Beijing as it looks to boost its profile in the global aviation market. (more...)
GST will make domestic companies more competitive: Hasmukh Adhia
- May 08, 2017
State excise is the state duty on liquor/alcohol, now these things may remain", he said at the concluding day of "India Integrated Transport & Logistics Summit 2017". Explaining GST's importance for giving a boost to the manufacturing sector, he said, "Cascading taxes along with non-availability of input credit meant that domestically produced goods found it harder to compete with imported ones". (more...)
- May 08, 2017
State excise is the state duty on liquor/alcohol, now these things may remain", he said at the concluding day of "India Integrated Transport & Logistics Summit 2017". Explaining GST's importance for giving a boost to the manufacturing sector, he said, "Cascading taxes along with non-availability of input credit meant that domestically produced goods found it harder to compete with imported ones". (more...)
Tillerson Points to Shift in US Foreign Policy Priorities
- May 08, 2017
Senior State Department official Patrick Murphy, in a media briefing, said Tillerson spent considerable time with the Asean ministers on South China Sea. This coincided with moves by China and ASEAN to draft a framework to negotiate a code of conduct. Meanwhile, Singapore's Foreign Minister Vivian Balakrishnan rejected speculation that Asean was caving in to China over the South China Sea, telling the National Public Radio during an interview yesterday that it is more important to ... (more...)
- May 08, 2017
Senior State Department official Patrick Murphy, in a media briefing, said Tillerson spent considerable time with the Asean ministers on South China Sea. This coincided with moves by China and ASEAN to draft a framework to negotiate a code of conduct. Meanwhile, Singapore's Foreign Minister Vivian Balakrishnan rejected speculation that Asean was caving in to China over the South China Sea, telling the National Public Radio during an interview yesterday that it is more important to ... (more...)
France To Pick New President In Historic Race
- May 08, 2017
The outcome of the election could have a profound effect on the future of the European Union and globalization amid a wave of populism and protectionism. Conservative François Fillon, dubbed the "Thatcherite" candidate, was eliminated on 19.91 per cent, with revolutionary Leftist Jean-Luc Mélenchon coming fourth on 19.64 percent. (more...)
- May 08, 2017
The outcome of the election could have a profound effect on the future of the European Union and globalization amid a wave of populism and protectionism. Conservative François Fillon, dubbed the "Thatcherite" candidate, was eliminated on 19.91 per cent, with revolutionary Leftist Jean-Luc Mélenchon coming fourth on 19.64 percent. (more...)
United CEO to Congress: 'We had a awful failure'
- May 08, 2017
The House transportation committee chair, Bill Shuster, a Pennsylvania Republican, said United and other carriers should use the notoriety of Dao's removal to improve customer service. Muñoz assured legislators that the airlines will self-regulate because they always keep the consumer in mind, and he asked Congress not to impose new regulations that would be reactionary and not geared to the needs of the business. (more...)
- May 08, 2017
The House transportation committee chair, Bill Shuster, a Pennsylvania Republican, said United and other carriers should use the notoriety of Dao's removal to improve customer service. Muñoz assured legislators that the airlines will self-regulate because they always keep the consumer in mind, and he asked Congress not to impose new regulations that would be reactionary and not geared to the needs of the business. (more...)
Trump Phone Call With Trudeau on Dairy, Lumber Trade 'Amicable' - White House
- May 08, 2017
According to CNN, the Trump administration is calling for tariffs as high as 24 percent on lumber imported from Canada. "So when we're the country with the deficits, we have no fear". In a statement, the federal government called the move unfair, baseless, unfounded and it promised help for its industry. While the currency fell, shares in Canadian lumber companies rose as the level of the new tariffs came in at the low end of what investors were expecting. (more...)
- May 08, 2017
According to CNN, the Trump administration is calling for tariffs as high as 24 percent on lumber imported from Canada. "So when we're the country with the deficits, we have no fear". In a statement, the federal government called the move unfair, baseless, unfounded and it promised help for its industry. While the currency fell, shares in Canadian lumber companies rose as the level of the new tariffs came in at the low end of what investors were expecting. (more...)
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Quiet to finish the weekend; rain returns next week