Markets
Kite Pharma Inc (KITE) Shares Gap Down After Earnings Miss
- May 10, 2017
Kite reported a net loss of $90.4M or ($1.74)/share, below Wedbush's estimate of ($1.36) and consensus of ($1.66) due to lower than expected revenue recognition - OpEx of $101.7M came in slightly lower than the firm's estimate of $107.5M. (more...)
- May 10, 2017
Kite reported a net loss of $90.4M or ($1.74)/share, below Wedbush's estimate of ($1.36) and consensus of ($1.66) due to lower than expected revenue recognition - OpEx of $101.7M came in slightly lower than the firm's estimate of $107.5M. (more...)
EUR/USD extends falls on dollar strength
- May 10, 2017
The euro was quoted higher in early Asia on Monday as centrist Emmanuel Macron matched opinion poll expectations and beat anti-EU far-right candidate Marine Le Pen, easing concerns over a lurch to the right in European politics. EUR/USD traded at 1.1005, up 0.06%, while USD/JPY changed hands at 112.92, up 0.18%. "We are going back to trading diverging monetary policy", said Athanasios Vamvakidis, head of G10 currency strategy at Bank of America Merrill Lynch in London. (more...)
- May 10, 2017
The euro was quoted higher in early Asia on Monday as centrist Emmanuel Macron matched opinion poll expectations and beat anti-EU far-right candidate Marine Le Pen, easing concerns over a lurch to the right in European politics. EUR/USD traded at 1.1005, up 0.06%, while USD/JPY changed hands at 112.92, up 0.18%. "We are going back to trading diverging monetary policy", said Athanasios Vamvakidis, head of G10 currency strategy at Bank of America Merrill Lynch in London. (more...)
Airline executives grilled for hours on Capitol Hill
- May 10, 2017
The hearing at the House Transportation and Infrastructure Committee broke little new ground as airlines explained how they are striving to reduce bumping of passengers from flights and selling more tickets than seats on planes. "We all know it's a awful experience", said Rep. Michael Capuano , a Democrat from MA. In a company report on the incident, Munoz highlighted several points where United messed up. (more...)
- May 10, 2017
The hearing at the House Transportation and Infrastructure Committee broke little new ground as airlines explained how they are striving to reduce bumping of passengers from flights and selling more tickets than seats on planes. "We all know it's a awful experience", said Rep. Michael Capuano , a Democrat from MA. In a company report on the incident, Munoz highlighted several points where United messed up. (more...)
Insider News of Nordic American Tankers Limited (NAT)
- May 10, 2017
Two analysts have provided estimates for Nordic American Tanker's earnings. The business's revenue for the quarter was down 32.1% compared to the same quarter past year. Metropolitan Life Insurance Co. Finally, Smith Moore & CO. bought a new stake in Nordic American Tanker during the fourth quarter valued at $500,000. (more...)
- May 10, 2017
Two analysts have provided estimates for Nordic American Tanker's earnings. The business's revenue for the quarter was down 32.1% compared to the same quarter past year. Metropolitan Life Insurance Co. Finally, Smith Moore & CO. bought a new stake in Nordic American Tanker during the fourth quarter valued at $500,000. (more...)
Amazon gives voice-enabled speaker a screen, video calling
- May 10, 2017
The Echo Show will give users the ability to watch video briefings, YouTube videos, and see content from apps including weather, lyrics, security cameras, and to-do lists, using voice commands. It's now available for pre-orders and expected to arrive on June 28. "All hands-free-just ask", Amazon notes in its blurb on its product page . Whether or not the device is aesthetically pleasing will ultimately come down to personal preference but there's no denying that adding a display and video ... (more...)
- May 10, 2017
The Echo Show will give users the ability to watch video briefings, YouTube videos, and see content from apps including weather, lyrics, security cameras, and to-do lists, using voice commands. It's now available for pre-orders and expected to arrive on June 28. "All hands-free-just ask", Amazon notes in its blurb on its product page . Whether or not the device is aesthetically pleasing will ultimately come down to personal preference but there's no denying that adding a display and video ... (more...)
Oil drops to below $45 a barrel as U.S. stockpiles swell
- May 10, 2017
But another official familiar with the supply deal said an increase in the size of the reduction was not likely. Goldman is referencing the current and future relationship between near-term and the long-term price of oil. Traders said the victory of Emmanuel Macron in the French presidential elections against far-right Marine Le Pen also supported oil prices as it raised hopes of a more stable European economy. (more...)
- May 10, 2017
But another official familiar with the supply deal said an increase in the size of the reduction was not likely. Goldman is referencing the current and future relationship between near-term and the long-term price of oil. Traders said the victory of Emmanuel Macron in the French presidential elections against far-right Marine Le Pen also supported oil prices as it raised hopes of a more stable European economy. (more...)
Health care debate shifting over to Senate
- May 10, 2017
Ryan was confident that the Senate would be able to resolve differences between House and Senate versions of the AHCA despite pushback from Senate Republicans. A political group with ties to House Republican leadership is buying $500,000 in television time to promote the Republican health care bill. A Republican congressman has taken issue with the behavior of some of his party colleagues after they celebrated the passage of the American Health Care Act (AHCA) at the White House . (more...)
- May 10, 2017
Ryan was confident that the Senate would be able to resolve differences between House and Senate versions of the AHCA despite pushback from Senate Republicans. A political group with ties to House Republican leadership is buying $500,000 in television time to promote the Republican health care bill. A Republican congressman has taken issue with the behavior of some of his party colleagues after they celebrated the passage of the American Health Care Act (AHCA) at the White House . (more...)
Economic growth stumbles to worst rate in 2 years, underscoring Trump's challenge
- May 10, 2017
Gross Domestic Product (GDP) showed only slight growth Friday in the first quarterly report since President Donald Trump entered office. While the slowdown was owed partly to transitory forces and seasonal-adjustment issues, weakness in consumer spending raised concerns about a lagging economy. (more...)
- May 10, 2017
Gross Domestic Product (GDP) showed only slight growth Friday in the first quarterly report since President Donald Trump entered office. While the slowdown was owed partly to transitory forces and seasonal-adjustment issues, weakness in consumer spending raised concerns about a lagging economy. (more...)
Buffett calls health bill a giveaway to wealthy
- May 10, 2017
Buffett's company ethics line is actively used by workers, he says, so he's sure that Wells Fargo got reports of wrongdoing. "And those who haven't been through cycles before are probably a little more prone to speculate than people who have experience the outcome of wild speculations", he said. (more...)
- May 10, 2017
Buffett's company ethics line is actively used by workers, he says, so he's sure that Wells Fargo got reports of wrongdoing. "And those who haven't been through cycles before are probably a little more prone to speculate than people who have experience the outcome of wild speculations", he said. (more...)
Trump signs bill to prevent government shutdown
- May 10, 2017
The problem is the extra week doesn't change the politics. It will allow the government to remain open for seven days at current spending levels. Democrats are using their leverage to shape government spending. Democrats have been actively involved in the talks, which appear on track to produce a lowest-common-denominator measure that won't look much different than a deal that could have been reached on Obama's watch. (more...)
- May 10, 2017
The problem is the extra week doesn't change the politics. It will allow the government to remain open for seven days at current spending levels. Democrats are using their leverage to shape government spending. Democrats have been actively involved in the talks, which appear on track to produce a lowest-common-denominator measure that won't look much different than a deal that could have been reached on Obama's watch. (more...)
Trump Explodes in Juvenile Tweetstorm Tantrum Over Sally Yates Testimony
- May 10, 2017
Yates, who was sacked on January 30 after defying Trump over his contested travel ban, did not say what Flynn discussed with ambassador Sergey Kislyak in a number of December 2016 phone calls, which were secretly monitored by USA intelligence. (more...)
- May 10, 2017
Yates, who was sacked on January 30 after defying Trump over his contested travel ban, did not say what Flynn discussed with ambassador Sergey Kislyak in a number of December 2016 phone calls, which were secretly monitored by USA intelligence. (more...)
Trump administration hollows out EPA science integrity board
- May 10, 2017
The terms of the affected board members officially ended on April 30, but in past administrations, reappointment to the panel was virtually automatic and thus carried out with little fanfare. A spokesman for EPA administration Scott Pruitt confirmed that he's thinking of replacing the academics with industry experts (though the EPA is supposed to be regulating those companies). (more...)
- May 10, 2017
The terms of the affected board members officially ended on April 30, but in past administrations, reappointment to the panel was virtually automatic and thus carried out with little fanfare. A spokesman for EPA administration Scott Pruitt confirmed that he's thinking of replacing the academics with industry experts (though the EPA is supposed to be regulating those companies). (more...)
HUDCO IPO oversubscribed 3 times on Day 2
- May 10, 2017
The data shows that the issue got subscribed by 3.01 times. The market on Monday witnessed the initial public offering (IPO) of the Government-owned Housing and Urban Development Corporation (HUDCO) in an attempt to raise funds. The IPO is priced between Rs 56 and Rs 60, and can be applied in lot sizes of 200 shares. IDBI Capital, Nomura Financial Advisory and Securities, SBI Capital Markets and ICICI Securities are book running lead managers to the issue. (more...)
- May 10, 2017
The data shows that the issue got subscribed by 3.01 times. The market on Monday witnessed the initial public offering (IPO) of the Government-owned Housing and Urban Development Corporation (HUDCO) in an attempt to raise funds. The IPO is priced between Rs 56 and Rs 60, and can be applied in lot sizes of 200 shares. IDBI Capital, Nomura Financial Advisory and Securities, SBI Capital Markets and ICICI Securities are book running lead managers to the issue. (more...)
Goldman Sachs warns oil prices on the brink of 'capitulation'
- May 10, 2017
Since mid-2016, USA output has grown by 10% to reach 9.3 million bpd. Traders said that oil markets were under pressure as persistent climbs in US production, especially from shale oil drillers, and concerns over a slowdown in China undermine efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to prop up prices. (more...)
- May 10, 2017
Since mid-2016, USA output has grown by 10% to reach 9.3 million bpd. Traders said that oil markets were under pressure as persistent climbs in US production, especially from shale oil drillers, and concerns over a slowdown in China undermine efforts led by the Organization of the Petroleum Exporting Countries (OPEC) to prop up prices. (more...)
Research Ratings: Duke Energy Corporation (DUK), Dollar Tree, Inc. (DLTR)
- May 10, 2017
Chelsea Counsel Co. now owns 6,287 shares of the utilities provider's stock worth $503,000 after buying an additional 36 shares in the last quarter. Credit Suisse Group AG started coverage on Duke Energy Corp in a research report on Wednesday, January 25th. (more...)
- May 10, 2017
Chelsea Counsel Co. now owns 6,287 shares of the utilities provider's stock worth $503,000 after buying an additional 36 shares in the last quarter. Credit Suisse Group AG started coverage on Duke Energy Corp in a research report on Wednesday, January 25th. (more...)
Oil prices rise, but analysts warn market is fragile
- May 10, 2017
As the oil price slide has gained momentum it has triggered speculators to sell even further, so that Brent futures have lost almost 13 per cent since mid-April and are almost back where they were in November before Opec and 11 non-member countries, led by Russian Federation, agreed to cut a total of 1.8 million barrels per day (bpd) from their production to speed a rebalancing of a flooded world market. (more...)
- May 10, 2017
As the oil price slide has gained momentum it has triggered speculators to sell even further, so that Brent futures have lost almost 13 per cent since mid-April and are almost back where they were in November before Opec and 11 non-member countries, led by Russian Federation, agreed to cut a total of 1.8 million barrels per day (bpd) from their production to speed a rebalancing of a flooded world market. (more...)
Futures rise as risk-on sentiment improves
- May 10, 2017
And according to MarketWatch , the index, which is based on options contracts on the S&P 500 index 30 days in the future, has only finished in the single digits on ten previous occasions . Fed funds futures pricing shows investors are nearly universally expecting the Federal Reserve to raise USA overnight interest rates at its next meeting, with close to a 90 percent perceived chance of an increase next month. (more...)
- May 10, 2017
And according to MarketWatch , the index, which is based on options contracts on the S&P 500 index 30 days in the future, has only finished in the single digits on ten previous occasions . Fed funds futures pricing shows investors are nearly universally expecting the Federal Reserve to raise USA overnight interest rates at its next meeting, with close to a 90 percent perceived chance of an increase next month. (more...)
Barack Obama confident US will move in right direction on climate
- May 10, 2017
Though Mr Trump's inclination has been to leave the agreement, he has allowed his daughter, White House adviser Ivanka Trump, to set up an extensive review process, a senior administration official said. The new administration has already moved to cut funding for climate bodies including the UN Framework Convention on Climate Change (UNFCCC) secretariat hosting the annual negotiations. (more...)
- May 10, 2017
Though Mr Trump's inclination has been to leave the agreement, he has allowed his daughter, White House adviser Ivanka Trump, to set up an extensive review process, a senior administration official said. The new administration has already moved to cut funding for climate bodies including the UN Framework Convention on Climate Change (UNFCCC) secretariat hosting the annual negotiations. (more...)
US global-warming decision 'after G7 summit'
- May 10, 2017
Under the Paris Agreement, each participating country determines its own set of emissions targets and a plan to reach them. During his presidential campaign, Mr. However, Mr Trump signalled he was not going to let global climate change targets and regulations agreed to by his predecessor stand in his way of creating jobs for Americans. (more...)
- May 10, 2017
Under the Paris Agreement, each participating country determines its own set of emissions targets and a plan to reach them. During his presidential campaign, Mr. However, Mr Trump signalled he was not going to let global climate change targets and regulations agreed to by his predecessor stand in his way of creating jobs for Americans. (more...)
The Muslim Ban Is a Muslim Ban, the ACLU Argued in Court
- May 10, 2017
The government is arguing that Trump's statements should not be considered. Facing a grilling by Fourth Circuit Court of Appeals judges, Wall, arguing on behalf of Trump, maintained that this is not a Muslim ban. The judges pressed Wall on how the 82 million people in the six countries affected by the executive order could be considered detrimental to the US, and Wall responded by shifting the blame to the administration of President Barack Obama, saying Trumps decision was made ... (more...)
- May 10, 2017
The government is arguing that Trump's statements should not be considered. Facing a grilling by Fourth Circuit Court of Appeals judges, Wall, arguing on behalf of Trump, maintained that this is not a Muslim ban. The judges pressed Wall on how the 82 million people in the six countries affected by the executive order could be considered detrimental to the US, and Wall responded by shifting the blame to the administration of President Barack Obama, saying Trumps decision was made ... (more...)
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Quiet to finish the weekend; rain returns next week