Markets
Snapchat shares fall 25% after bad earnings
- May 12, 2017
A year earlier, before going public, it lost $38.8 million. Shares tumbled almost 24 per cent in after-hours trading to $US17.58, wiping some $US5 billion from Snap's market capitalisation in the latest reversal after a red-hot March initial public offering, the biggest for a USA tech firm since Facebook Inc in 2012. (more...)
- May 12, 2017
A year earlier, before going public, it lost $38.8 million. Shares tumbled almost 24 per cent in after-hours trading to $US17.58, wiping some $US5 billion from Snap's market capitalisation in the latest reversal after a red-hot March initial public offering, the biggest for a USA tech firm since Facebook Inc in 2012. (more...)
China, US reach agreement on beef, poultry and natural gas
- May 12, 2017
As progress is made implementing the 100 day plan, the two countries will begin to work on a one-year plan to further solidify actions to promote US-China economic engagement and dialogue, Ross added, and will begin deeper engagement on these issues at the first meeting of the Comprehensive Economic Dialogue which will be held in the United States this summer. (more...)
- May 12, 2017
As progress is made implementing the 100 day plan, the two countries will begin to work on a one-year plan to further solidify actions to promote US-China economic engagement and dialogue, Ross added, and will begin deeper engagement on these issues at the first meeting of the Comprehensive Economic Dialogue which will be held in the United States this summer. (more...)
Fed Holds Rates Steady
- May 12, 2017
XAutoplay: On | Off If the Federal Reserve's policy statement at 2 p.m. ET today makes any news, it won't be because of a surprise interest rate hike, but markets still won't love it. Interest rates remain at historically low levels. "The committee views the slowing in growth during the first quarter as likely to be transitory", the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington. (more...)
- May 12, 2017
XAutoplay: On | Off If the Federal Reserve's policy statement at 2 p.m. ET today makes any news, it won't be because of a surprise interest rate hike, but markets still won't love it. Interest rates remain at historically low levels. "The committee views the slowing in growth during the first quarter as likely to be transitory", the Federal Open Market Committee said in a statement Wednesday following a two-day meeting in Washington. (more...)
SBI to allow ATM withdrawals via e-wallet
- May 12, 2017
The number of free withdrawals from ATMs now remains the same for SBI account holders. Cash deposits or withdrawals using mobile wallet from BCs in far-flung rural areas where there are no branches and where a grocer or a retired school teacher often act as the last-mile connect to the bank will now be chargeable. (more...)
- May 12, 2017
The number of free withdrawals from ATMs now remains the same for SBI account holders. Cash deposits or withdrawals using mobile wallet from BCs in far-flung rural areas where there are no branches and where a grocer or a retired school teacher often act as the last-mile connect to the bank will now be chargeable. (more...)
BT Takes Aim at Executive Pay Over Italy Accounting Scandal
- May 12, 2017
BT said that both Gavin Patterson and Tony Chanmugam understood the decision and would not have accepted a bonus if one had been approved. BT is axing 4,000 roles and has stripped its CEO of his bonus following a " challenging year ". The scandal added to investor concerns over regulatory, investment and competitive pressures for BT, making it one of the worst-performing stocks in the FTSE 100 this year. (more...)
- May 12, 2017
BT said that both Gavin Patterson and Tony Chanmugam understood the decision and would not have accepted a bonus if one had been approved. BT is axing 4,000 roles and has stripped its CEO of his bonus following a " challenging year ". The scandal added to investor concerns over regulatory, investment and competitive pressures for BT, making it one of the worst-performing stocks in the FTSE 100 this year. (more...)
Nordstrom, Inc. (NYSE:JWN) Dives -3.46% in Pre-Session
- May 12, 2017
Brighton Jones LLC now owns 22,794 shares of the specialty retailer's stock worth $1,183,000 after buying an additional 11,958 shares during the last quarter. Several other analysts also recently commented on the stock . Nordstrom Inc. had 70 analyst reports since August 14, 2015 according to SRatingsIntel. (more...)
- May 12, 2017
Brighton Jones LLC now owns 22,794 shares of the specialty retailer's stock worth $1,183,000 after buying an additional 11,958 shares during the last quarter. Several other analysts also recently commented on the stock . Nordstrom Inc. had 70 analyst reports since August 14, 2015 according to SRatingsIntel. (more...)
Oil gains on more support for OPEC cuts
- May 12, 2017
Ahead of a May 25 meeting of the cartel where its members and Russian Federation are expected to roll over an agreement to cut production, OPEC said in its monthly market report that common policies were needed for market stability. Three cargoes of 1 million barrels each loading from Novorossiisk will be supplied by Litasco, while Trafigura will supply 1 million barrels of Urals, they added. (more...)
- May 12, 2017
Ahead of a May 25 meeting of the cartel where its members and Russian Federation are expected to roll over an agreement to cut production, OPEC said in its monthly market report that common policies were needed for market stability. Three cargoes of 1 million barrels each loading from Novorossiisk will be supplied by Litasco, while Trafigura will supply 1 million barrels of Urals, they added. (more...)
Climate talks open in Bonn, with all eyes on Washington
- May 12, 2017
This is the ceiling at which scientists say the planet can avoid worst-case-scenario climate change impacts - rising seas, harsher droughts, more intense storms, disease-spread and conflict over dwindling natural resources. Insisting that the USA remain engaged and lead action when it comes to taking on climate change, the ad implores the Trump White House to "best exercise global leadership and advance US interests by remaining a full partner in this vital global effort". (more...)
- May 12, 2017
This is the ceiling at which scientists say the planet can avoid worst-case-scenario climate change impacts - rising seas, harsher droughts, more intense storms, disease-spread and conflict over dwindling natural resources. Insisting that the USA remain engaged and lead action when it comes to taking on climate change, the ad implores the Trump White House to "best exercise global leadership and advance US interests by remaining a full partner in this vital global effort". (more...)
Trump just launched a commission to investigate his voter fraud lie
- May 12, 2017
The commission will be charged with reviewing Trump's allegations that millions of people voted illegally in the 2016 election. The White House said the commission will review practices that affect the integrity of federal elections-spanning improper registrations, improper voting, fraudulent registrations, fraudulent voting and voting suppression. (more...)
- May 12, 2017
The commission will be charged with reviewing Trump's allegations that millions of people voted illegally in the 2016 election. The White House said the commission will review practices that affect the integrity of federal elections-spanning improper registrations, improper voting, fraudulent registrations, fraudulent voting and voting suppression. (more...)
Jeremy Corbyn's car run's over BBC cameraman's leg
- May 12, 2017
Meanwhile, a ComRes survey carried out for the Daily Mirror suggests Labour's general election pledges are more popular among voters than Mr Corbyn himself. But Labour's joint election co-ordinator Andrew Gwynne played down the significance of the leak, which he said had put the party's "transformational" policies at the top of the news agenda. (more...)
- May 12, 2017
Meanwhile, a ComRes survey carried out for the Daily Mirror suggests Labour's general election pledges are more popular among voters than Mr Corbyn himself. But Labour's joint election co-ordinator Andrew Gwynne played down the significance of the leak, which he said had put the party's "transformational" policies at the top of the news agenda. (more...)
Australia Budget 2017: Treasurer Unveils Big Banks Tax
- May 12, 2017
Many of these complex factors have little to do with property - stagnant wage growth and the increasingly high cost of tertiary education. The package will allow first home buyers to make voluntary contributions into their superannuation savings, which are taxed at a reduced rate, to help them build a deposit faster. (more...)
- May 12, 2017
Many of these complex factors have little to do with property - stagnant wage growth and the increasingly high cost of tertiary education. The package will allow first home buyers to make voluntary contributions into their superannuation savings, which are taxed at a reduced rate, to help them build a deposit faster. (more...)
Australia's Budget Deficit To Narrow Before Surplus In 2020 To 2021
- May 12, 2017
We're all going to be paying more taxes because from 2019, the Medicare levy is being increased from 2% to 2.5%, to fund the National Disability Insurance Scheme. This does not include people's deposit accounts or mortgages. "Customer deposits of less than $250,000 and additional capital requirements imposed on the banks from regulatory authorities are excluded". (more...)
- May 12, 2017
We're all going to be paying more taxes because from 2019, the Medicare levy is being increased from 2% to 2.5%, to fund the National Disability Insurance Scheme. This does not include people's deposit accounts or mortgages. "Customer deposits of less than $250,000 and additional capital requirements imposed on the banks from regulatory authorities are excluded". (more...)
London police charge three women with terrorism
- May 12, 2017
During the raid, one of the women was shot while the other two were arrested. Chief Magistrate Emma Arbuthnot told the court: " The defendants are all charged with conspiracy to murder ". Several other people arrested in the same operation, including women ages 18 and 19 and a 16-year-old boy, have been released without charges. The police had been keeping an eye on the women for a few days before the operation was conducted against them. (more...)
- May 12, 2017
During the raid, one of the women was shot while the other two were arrested. Chief Magistrate Emma Arbuthnot told the court: " The defendants are all charged with conspiracy to murder ". Several other people arrested in the same operation, including women ages 18 and 19 and a 16-year-old boy, have been released without charges. The police had been keeping an eye on the women for a few days before the operation was conducted against them. (more...)
Tesla's Solar Roof Is Finally Ready For You to Buy
- May 12, 2017
Installation of the energy-generating tiles are set to begin this summer in the US, and in 2018 for areas outside of the country. Tesla, which makes electric cars, announced last fall that it would produce the tiles with solar power company SolarCity Corp. (more...)
- May 12, 2017
Installation of the energy-generating tiles are set to begin this summer in the US, and in 2018 for areas outside of the country. Tesla, which makes electric cars, announced last fall that it would produce the tiles with solar power company SolarCity Corp. (more...)
Uber must get licences as ordinary taxi firm: Top EU lawyer
- May 12, 2017
The Uber electronic platform, whilst innovative, falls within the field of transport: Uber can thus be required to obtain the necessary licences and authorizations under national law . An official ruling on the case is expected later this year. Around the same time, Uber's vice president of mapping Brian McClendon left ; self-driving director Raffi Krikorian departed ; vice president of product and growth Ed Baker said goodbye , and the company's head of communications Rachel Whetstone ... (more...)
- May 12, 2017
The Uber electronic platform, whilst innovative, falls within the field of transport: Uber can thus be required to obtain the necessary licences and authorizations under national law . An official ruling on the case is expected later this year. Around the same time, Uber's vice president of mapping Brian McClendon left ; self-driving director Raffi Krikorian departed ; vice president of product and growth Ed Baker said goodbye , and the company's head of communications Rachel Whetstone ... (more...)
I might release tax returns -- when I'm out of office
- May 12, 2017
When asked in an interview published Thursday by The Economist , Trump found no reason to make his tax returns public even if it means Democrats would get on board with his tax plan - a bare bones version of which was unveiled last month . (more...)
- May 12, 2017
When asked in an interview published Thursday by The Economist , Trump found no reason to make his tax returns public even if it means Democrats would get on board with his tax plan - a bare bones version of which was unveiled last month . (more...)
Arizona is state with most arrests in the ICE-led gang surge
- May 12, 2017
It took place from March 26 to May 6, and was the largest gang operation ever conducted by ICE. The US Department of Homeland Security has deferred action for about 1,500 recipients because of criminal violations or gang affiliation concerns, the release added. (more...)
- May 12, 2017
It took place from March 26 to May 6, and was the largest gang operation ever conducted by ICE. The US Department of Homeland Security has deferred action for about 1,500 recipients because of criminal violations or gang affiliation concerns, the release added. (more...)
USA puts 20% duty on BC lumber exports, retroactive for 90 days
- May 12, 2017
Follow CNBC International on Twitter and Facebook . Canada's foreign affairs minister is confident Canada and the United States can land a settlement on the softwood lumber trade war, after the Trump administration placed big, new tariffs on our lumber exports. (more...)
- May 12, 2017
Follow CNBC International on Twitter and Facebook . Canada's foreign affairs minister is confident Canada and the United States can land a settlement on the softwood lumber trade war, after the Trump administration placed big, new tariffs on our lumber exports. (more...)
Oil rises as countries join Opec cuts, USA inventory falls
- May 12, 2017
US light crude oil was 56 cents higher at $46.44 a barrel. A survey of industry sentiment from S&P Global Platts predicted a draw on US crude oil inventories of 1.8 million barrels and a gasoline stock decline of 700,000 barrels. In addition to the potential extension of the OPEC agreement into 2018, some ministers have also discussed the possibility of deepening their output cuts, said four delegates. (more...)
- May 12, 2017
US light crude oil was 56 cents higher at $46.44 a barrel. A survey of industry sentiment from S&P Global Platts predicted a draw on US crude oil inventories of 1.8 million barrels and a gasoline stock decline of 700,000 barrels. In addition to the potential extension of the OPEC agreement into 2018, some ministers have also discussed the possibility of deepening their output cuts, said four delegates. (more...)
Spirit Airlines, pilot union agree to extend restraining order
- May 12, 2017
On Monday, Spirit Airlines passengers brawled in a Florida airport after the carrier canceled flights due to the work slowdown. "There's no question that it's the Spirit pilots' turn for a raise after most other airlines have given their pilots [increases]", said Seth Kaplan, managing partner at the trade publication Airline Weekly. (more...)
- May 12, 2017
On Monday, Spirit Airlines passengers brawled in a Florida airport after the carrier canceled flights due to the work slowdown. "There's no question that it's the Spirit pilots' turn for a raise after most other airlines have given their pilots [increases]", said Seth Kaplan, managing partner at the trade publication Airline Weekly. (more...)
Latest news
Oil rises over 1% on U.S. crude stockpile draw, manufacturing activity