Markets


N.Korea says missile test part of defense effort
- May 15, 2017

The US military's Pacific command said the type of missile that was sacked was "not consistent with an intercontinental ballistic missile". The missile was first put on display during a military parade on April 15, 2017. Amid condemnation in Seoul , Tokyo and Washington, a jubilant North Korean leader Kim Jong Un promised more nuclear and missile tests and warned that his country's weapons could strike the USA mainland and Pacific holdings. (more...)
President Trump considers Breaking Large Banks President Trump considers Breaking Large Banks
- May 15, 2017

Financial press in NY and London have been full of attacks on Glass-Steagall for the past four weeks, reflecting fear the President might do exactly this; and also showing Wall Street's awareness that a crash of corporate debt is threatened this year. (more...)
Saudi Arabia Says Trump Visit Is a Step to Halt Iran
- May 15, 2017

Senior administration officials said Trump will meet with Pope Francis during his visit to Vatican City on May 24. The three stops will precede Mr Trump's already announced visit to North Atlantic Treaty Organisation and G7 summits in Brussels and Sicily later this month. (more...)
China's Xi says Belt and Road summit reaches consensus, achieves positive outcomes
- May 15, 2017

Chinese President Xi Jinping has expressed confidence in the future of his One Belt, One Road initiative, a plan that could increase Beijing's global influence on trade and geopolitics. "All these (developments) show that the Belt and Road Initiative responds to the trend of the times, conforms to the law of development, and meets the people's interests", it said. (more...)
The 2017 Federal Budget: 5 ways it could affect you
- May 15, 2017

The government said existing training benchmarks have not been successful in generating training opportunities to allow Australians to fill skill gaps. The Treasurer has introduced a new federal body called the Australian Financial Complaints Authority, which he described as a "one stop shop" for customer complaints. (more...)
Ransomware attack hit more than 100000 organizations, says Interpol
- May 15, 2017

Europol said a special task force at its European Cybercrime Centre was "specially created to assist in such investigations and will play an important role in supporting the investigation". German rail operator Deutsche Bahn said some electronic signs at stations announcing arrivals and departures were infected. That quick thinking may have saved governments and companies millions of dollars and slowed the outbreak before USA -based computers were more widely infected. (more...)
Of the 48 affected NHS England hospitals, six remain unoperational
- May 15, 2017

He added: "The governments of the world should treat this attack as a wake-up call". The incident is the "sort of thing for which the secretary of state should get roasted in the Parliament", Ross Anderson, professor of security engineering at Cambridge University's computer lab, said . (more...)
US homebuilder sentiment climbs higher in May US homebuilder sentiment climbs higher in May
- May 15, 2017

In the West, the index rose 1 point to 78 and the Midwest was unchanged at 68. A sub-index linked to sales expectations for the next six months rose from 75.0 to 79.0, with another referencing current conditions rising from 74.0 to 76.0. April sales data are due out next week. Housing starts are expected to rise to an annual rate of 1.260 million in April after tumbling to a rate of 1.215 million in March. (more...)
Liberal losses in BC cast doubt on energy projects
- May 15, 2017

Clark said she has had a good working relationship with Green Leader Andrew Weaver. "We have a lot in common", she said. Weaver said his party would negotiate with both party leaders in the coming weeks and would work with whoever has the most commonality with the Green platform. (more...)
The Trump team's slapdash tax plan The Trump team's slapdash tax plan
- May 15, 2017

These proposed changes have yet to be explained by the White House beyond the outline that was initially provided. According to the report , Treasury officials had wanted to work out a tax plan with more details to unveil sometime over the summer. (more...)
China's Xi appeals to foreign leaders for freer trade China's Xi appeals to foreign leaders for freer trade
- May 15, 2017

Chinese President Xi Jinping on Monday urged world leaders to coordinate policies on development and reject protectionism within the framework of the Belt and Road initiative, his ambitious global investment plan. The diplomat said all the European nations taking part in the summit's trade panel collectively made a decision to rebuff the text because they believe it does not sufficiently address European concerns surrounding transparency of public procurement and social and environmental ... (more...)
Last Traded Price Fluctuations: The Charles Schwab Corporation (SCHW)
- May 15, 2017

LaSalle Hotel Properties has a 52-week low of $21.56 and a 52-week high of $31.87. Summit Hotel Properties, Inc. was upgraded to "buy" by analysts at Bank of America Merrill Lynch. The firm's 50-day moving average price is $28.87 and its 200 day moving average price is $28.83. The correct version of this article can be accessed at https://www.themarketsdaily.com/2017/05/14/summit-hotel-properties-inc-inn-updates-fy17-earnings-guidance-updated.html. (more...)
Shimkus calls vote for health care change a promise fulfilled Shimkus calls vote for health care change a promise fulfilled
- May 15, 2017

She said she needed to repeal Obamacare and replace with what she calls common sense solutions including allowing Upstate families and businesses to shop for insurance across state lines and covering pre-existing conditions by funding state-level high-risk pools. (more...)
IT dept launches facility to correct errors in PAN, Aadhaar IT dept launches facility to correct errors in PAN, Aadhaar
- May 15, 2017

Back Minister Arun Jaitley, through a correction to the Finance Bill for 2017-18, had made Aadhaar obligatory for documenting pay expense forms and given to connecting of PAN with Aadhaar to check tax avoidance using numerous PAN cards. Do let us know if you are still facing any issues while interlinking PAN with Aadhaar, by commenting right here. It may be recalled that the linking of PAN with Aadhaar has been made mandatory as per the Finance Act, 2017. (more...)
After SKorean leader eyes North trip, Trump offers USA invite
- May 15, 2017

China has vigorously opposed the deployment of a USA anti-missile system in South Korea, saying it threatens Chinese security and will do nothing to resolve tensions with North Korea. After the obligatory congratulations, Japan is cautiously watching to see how relations with South Korea evolve under Moon, known for his tough stance on wartime history and territorial issues. (more...)
Najib participates in belt and road forum
- May 15, 2017

Australian Trade Minister Steven Ciobo said on Sunday Canberra was receptive to exploring commercial opportunities presented by the initiative, but any decisions would remain incumbent on national interest. But they also have expressed concern Beijing might undermine human rights and global standards for lending or leave poor countries with too much debt. (more...)
North Korea says new long-range missile can carry heavy nuke
- May 15, 2017

While Pyongyang regularly tests shorter-range missiles, it is also working to master the technology needed to field nuclear-tipped missiles that can reach the USA mainland. KCNA said the launch was "conducted at the highest angle in consideration of the security of neighboring countries". The White House also suggested that Russian Federation should be concerned. (more...)
Derek Jeter: Derek Jeter: "Absolutely nothing" to report on Marlins ownership bid
- May 15, 2017

Jeter, 42, and his wife took some time to pose for photos alongside a replica of his newly unveiled dedication plaque. When Bregman got to the Astros' dugout, he pointed to the No. "Guess it was the No. 2 magic tonight", Bregman said with a grin. However, Nicholas Parco of the New York Daily News recently noted Major League Baseball said Friday it wants bidding groups to show cash up front before any sale is finalized, "which puts the group led by Tagg Romney, the son of former ... (more...)
Oil rises after USA inventories drop, signals of OPEC cut extension
- May 15, 2017

Venetis did not outline what "brisk" demand should consist of, but presumably it's more than what the U.S. Energy Information Administration on Tuesday forecast: it raised its 2017 world oil demand growth forecast by 70,000 barrels per day (bpd) to 1.56 million bpd. (more...)
Ohio gas prices rise but remain below national average Ohio gas prices rise but remain below national average
- May 15, 2017

Motor club AAA puts the price almost 2 cents lower. Past year at this time, the national average was $2.22 with the average in Florida at $2.19. Despite this month's decline, gas prices were actually cheaper past year than they are now - the average price was only $2.20 on May 11, 2016. (more...)

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