Markets
Less than picture flawless: Snap slumps on slowing user growth
- May 16, 2017
Snap's net loss widened to $2.21 billion, or $2.31 per share, in the first quarter, from $104.6 million, or 14 cents per share, due to stock-based compensation related to the IPO . The slowing rate of growth is not surprising for the United States market, given Snapchat's huge popularity among its core group of young users. eMarketer estimates that 84.4% of 12- to 17-year-olds, and 78.6% of 18- to 24-year-olds, use the app at least once per month. (more...)
- May 16, 2017
Snap's net loss widened to $2.21 billion, or $2.31 per share, in the first quarter, from $104.6 million, or 14 cents per share, due to stock-based compensation related to the IPO . The slowing rate of growth is not surprising for the United States market, given Snapchat's huge popularity among its core group of young users. eMarketer estimates that 84.4% of 12- to 17-year-olds, and 78.6% of 18- to 24-year-olds, use the app at least once per month. (more...)
Elliott wants a review of BHP petroleum
- May 16, 2017
Activist hedge fund Elliott Advisors has called on BHP Billiton to conduct an independent review of its petroleum business, saying it has found broad support from other shareholders for unlocking its value. BHP has also sought to highlight the action it is taking to divest non-core parts of its US shale assets. Earlier this month, federal Treasurer Scott Morrison threatened court action to prevent Elliott's original plan for BHP to have a primary London listing and its shares still ... (more...)
- May 16, 2017
Activist hedge fund Elliott Advisors has called on BHP Billiton to conduct an independent review of its petroleum business, saying it has found broad support from other shareholders for unlocking its value. BHP has also sought to highlight the action it is taking to divest non-core parts of its US shale assets. Earlier this month, federal Treasurer Scott Morrison threatened court action to prevent Elliott's original plan for BHP to have a primary London listing and its shares still ... (more...)
Crude Slips, Bunkers Soft Despite EIA Upping Oil Demand Growth Forecast
- May 16, 2017
Following the release, West Texas Intermediate, the United States crude marker, was up 2.5 per cent to $47.03 barrel, while Brent crude, the global oil benchmark, rose 2.4 per cent to $49.90 a barrel. "U.S. tight crude output is expected to rise rapidly and increase by 600,000 bpd in 2017", OPEC said , using anther term for shale. Saudi Arabia's Energy Minister Khalid al-Falih has already said Riyadh might agree to extending the cuts. (more...)
- May 16, 2017
Following the release, West Texas Intermediate, the United States crude marker, was up 2.5 per cent to $47.03 barrel, while Brent crude, the global oil benchmark, rose 2.4 per cent to $49.90 a barrel. "U.S. tight crude output is expected to rise rapidly and increase by 600,000 bpd in 2017", OPEC said , using anther term for shale. Saudi Arabia's Energy Minister Khalid al-Falih has already said Riyadh might agree to extending the cuts. (more...)
Microsoft says cyberattack should be wake up call for governments
- May 16, 2017
The spread of the virus slowed over the weekend but the respite might only be brief, experts have said. But the agency added that some infections may not yet have been detected, and that existing infections can spread within networks. WannaCry cyber-attack also affected computers in India, including those being used by government agencies like the Andhra Pradesh police department. (more...)
- May 16, 2017
The spread of the virus slowed over the weekend but the respite might only be brief, experts have said. But the agency added that some infections may not yet have been detected, and that existing infections can spread within networks. WannaCry cyber-attack also affected computers in India, including those being used by government agencies like the Andhra Pradesh police department. (more...)
Trump Shared Highly Classified Information With Russian Officials at White House
- May 16, 2017
Meanwhile , two former officials who has knowledge about the situation confirmed to CNN that Trump shared classified information with the Russian foreign minister. "You know the shame of it is there's a really good national security team in place". Monday evening, after the Post published its story, McMaster stumbled onto a crowd of reporters gathered outside of Press Secretary Sean Spicer's office. (more...)
- May 16, 2017
Meanwhile , two former officials who has knowledge about the situation confirmed to CNN that Trump shared classified information with the Russian foreign minister. "You know the shame of it is there's a really good national security team in place". Monday evening, after the Post published its story, McMaster stumbled onto a crowd of reporters gathered outside of Press Secretary Sean Spicer's office. (more...)
UK consumer inflation rises to 3 ½-year high of 2.7 percent
- May 16, 2017
But the figures, which were related at 9.30am this morning, were mostly boasted by airfares during the Easter holidays. Many economists say the impact of the fall in sterling on consumer prices will be felt more strongly in the coming months, and the central bank expects inflation to peak at almost 3 percent by the end of this year. (more...)
- May 16, 2017
But the figures, which were related at 9.30am this morning, were mostly boasted by airfares during the Easter holidays. Many economists say the impact of the fall in sterling on consumer prices will be felt more strongly in the coming months, and the central bank expects inflation to peak at almost 3 percent by the end of this year. (more...)
Ford plans job cuts to boost profits
- May 16, 2017
The carmaker has around 30,000 salaried workers in the US. US auto sales have fallen for the past four months vs. a year earlier, with Ford , General Motors and most other automakers reporting bigger-than-expected declines in April. During his election campaign President Trump was highly critical of the auto industry's use of Mexican plants to produce vehicles for the USA market. (more...)
- May 16, 2017
The carmaker has around 30,000 salaried workers in the US. US auto sales have fallen for the past four months vs. a year earlier, with Ford , General Motors and most other automakers reporting bigger-than-expected declines in April. During his election campaign President Trump was highly critical of the auto industry's use of Mexican plants to produce vehicles for the USA market. (more...)
OPEC sees more oil supply outside the group, countering its cuts
- May 16, 2017
However, its estimate on average oil prices in 2017 was cut down to $52.60 a barrel for Brent and $50.68 for WTI. Market participants are now largely expecting OPEC to extend, and possibly deepen, the supply cuts when they meet for a summit on May 25. (more...)
- May 16, 2017
However, its estimate on average oil prices in 2017 was cut down to $52.60 a barrel for Brent and $50.68 for WTI. Market participants are now largely expecting OPEC to extend, and possibly deepen, the supply cuts when they meet for a summit on May 25. (more...)
Oil rises 2 pct after Saudi and Russia back longer
- May 16, 2017
The OPEC meeting is scheduled on May 25, 2017, which could result in an official extension of major producers' production cut deal However, crude oil prices are near a five-month low due to near record United States crude oil inventories and the rise in USA crude oil production . (more...)
- May 16, 2017
The OPEC meeting is scheduled on May 25, 2017, which could result in an official extension of major producers' production cut deal However, crude oil prices are near a five-month low due to near record United States crude oil inventories and the rise in USA crude oil production . (more...)
Cisco Earnings Preview: Recurring Revenue Will Be the Star of the Show
- May 16, 2017
A total of 27 analysts have released a report on Cisco Systems, Inc . Johanson Financial Advisors Inc. now owns 25,919 shares of the network equipment provider's stock valued at $820,000 after buying an additional 861 shares during the period. (more...)
- May 16, 2017
A total of 27 analysts have released a report on Cisco Systems, Inc . Johanson Financial Advisors Inc. now owns 25,919 shares of the network equipment provider's stock valued at $820,000 after buying an additional 861 shares during the period. (more...)
Western Digital seeks arbitration on Toshiba chips unit sale
- May 16, 2017
Western Digital has sought worldwide arbitration to stop Toshiba from selling the unit without its consent, arguing that the Japanese conglomerate has violated joint venture contracts. "We continue to be actively engaged in discussions with Toshiba's stakeholders to ensure that they are fully aware of our joint venture rights and of our desire to work with Toshiba to achieve a favorable outcome for all parties", Western Digital Chief Executive Steve Milligan said in a statement. (more...)
- May 16, 2017
Western Digital has sought worldwide arbitration to stop Toshiba from selling the unit without its consent, arguing that the Japanese conglomerate has violated joint venture contracts. "We continue to be actively engaged in discussions with Toshiba's stakeholders to ensure that they are fully aware of our joint venture rights and of our desire to work with Toshiba to achieve a favorable outcome for all parties", Western Digital Chief Executive Steve Milligan said in a statement. (more...)
Buffett's firm buys more airline stock in first quarter
- May 16, 2017
Berkshire also adjusted its airline holdings in the quarter, adding to its shares of American Airlines Group Inc. and Southwest Airlines Co. while reducing its stake in Delta Air Lines Inc. On the other hand, Berkshire dumped 8 percent of its holdings in Delta Airlines (NYSE:DAL). Buffett now holds 49.3 million shares worth more than $2 billion in American and 47.7 million shares worth $2.57 billion in Southwest. (more...)
- May 16, 2017
Berkshire also adjusted its airline holdings in the quarter, adding to its shares of American Airlines Group Inc. and Southwest Airlines Co. while reducing its stake in Delta Air Lines Inc. On the other hand, Berkshire dumped 8 percent of its holdings in Delta Airlines (NYSE:DAL). Buffett now holds 49.3 million shares worth more than $2 billion in American and 47.7 million shares worth $2.57 billion in Southwest. (more...)
Trump disclosed secrets to Russian Federation
- May 16, 2017
U.S. Secretary of State Rex Tillerson, National Security Adviser H.R. McMaster and Deputy National Security Adviser Dina Powell all issued statements saying such reports were wrong. According to the Post , the intelligence involved information about an Islamic State plot to use laptop computers as possible weapons aboard commercial aircraft and had been provided by a U.S. (more...)
- May 16, 2017
U.S. Secretary of State Rex Tillerson, National Security Adviser H.R. McMaster and Deputy National Security Adviser Dina Powell all issued statements saying such reports were wrong. According to the Post , the intelligence involved information about an Islamic State plot to use laptop computers as possible weapons aboard commercial aircraft and had been provided by a U.S. (more...)
Wenger delight as Arsenal have a blast at Southampton
- May 16, 2017
The post We'll need another strong performance at Stoke - Wenger appeared first on Vanguard News. "We were quick, dynamic going forward and well organised". "It was another game against a top-six side without reward". The second came in the closing stages as sub Giroud made certain of the points when heading home. (more...)
- May 16, 2017
The post We'll need another strong performance at Stoke - Wenger appeared first on Vanguard News. "We were quick, dynamic going forward and well organised". "It was another game against a top-six side without reward". The second came in the closing stages as sub Giroud made certain of the points when heading home. (more...)
Pizza delivery man takes pie to stalled Amtrak train
- May 16, 2017
A veteran pizza deliveryman in DE got an order from an unusual address: a stalled Amtrak train from NY on its way to Washington. The delivery man, Jim Leary, is seen in Katz' video walking along the rocky trackbed, a narrow path between the train and a long, shallow creek. (more...)
- May 16, 2017
A veteran pizza deliveryman in DE got an order from an unusual address: a stalled Amtrak train from NY on its way to Washington. The delivery man, Jim Leary, is seen in Katz' video walking along the rocky trackbed, a narrow path between the train and a long, shallow creek. (more...)
Diesel emissions hidden from tests kill 38000 people a year
- May 16, 2017
USA regulators don't uniformly test emissions under real-world conditions (although the EPA conducted a review of diesel vehicles after the VW Group scandal). This is on top of the World Health Organisation's estimate of 3.7 million deaths caused by outdoor air pollution. In Europe, where diesel-passenger cars are common, 28,500 deaths annually are attributed to diesel NOx pollution, with 11,500 of those deaths linked to excess emissions. (more...)
- May 16, 2017
USA regulators don't uniformly test emissions under real-world conditions (although the EPA conducted a review of diesel vehicles after the VW Group scandal). This is on top of the World Health Organisation's estimate of 3.7 million deaths caused by outdoor air pollution. In Europe, where diesel-passenger cars are common, 28,500 deaths annually are attributed to diesel NOx pollution, with 11,500 of those deaths linked to excess emissions. (more...)
Singapore's GIC slashes its UBS stake with US$1.6 billion sale
- May 16, 2017
GIC is keeping its profitable investment in Citi. UBS was told by GIC that it intends to sell up to 93m existing shares in UBS, equivalent to 2.4% of the total shares in issue, through an accelerated bookbuild offering to institutional investors. (more...)
- May 16, 2017
GIC is keeping its profitable investment in Citi. UBS was told by GIC that it intends to sell up to 93m existing shares in UBS, equivalent to 2.4% of the total shares in issue, through an accelerated bookbuild offering to institutional investors. (more...)
US spat erupts ahead of Trump visit to region
- May 16, 2017
Trump intends to visit the wall, and the envoy insisted the visit would be private, saying Israel doesn't have jurisdiction to demand that he go with Netanyahu . The Israeli leader argued that keeping the embassy where it is in Tel Aviv is actually a detriment to peace, and empowers the Islamic totalitarians who seek to delegitimize Israel's claims to its land. (more...)
- May 16, 2017
Trump intends to visit the wall, and the envoy insisted the visit would be private, saying Israel doesn't have jurisdiction to demand that he go with Netanyahu . The Israeli leader argued that keeping the embassy where it is in Tel Aviv is actually a detriment to peace, and empowers the Islamic totalitarians who seek to delegitimize Israel's claims to its land. (more...)
Russia, Saudi agree to extend oil output cuts until March 2018
- May 16, 2017
US West Texas Intermediate (WTI) crude was at $48.62 per barrel, up 78 cents. Speaking in Beijing earlier Monday, Saudi Arabia's Energy Minister, Khalid al-Falih and Russia's Alexander Novak said they wanted the current pact, which involves OPEC member and non-member states, including Russian Federation, to continue holding back around 1.8 million barrels of oil from the market each day until the first quarter of 2018. (more...)
- May 16, 2017
US West Texas Intermediate (WTI) crude was at $48.62 per barrel, up 78 cents. Speaking in Beijing earlier Monday, Saudi Arabia's Energy Minister, Khalid al-Falih and Russia's Alexander Novak said they wanted the current pact, which involves OPEC member and non-member states, including Russian Federation, to continue holding back around 1.8 million barrels of oil from the market each day until the first quarter of 2018. (more...)
Tamil Nadu: Bus strike brings state to a halt
- May 16, 2017
Stating that?496 crore will be allotted on Wednesday to meet the retirement benefits of crew members, Transport Minister M.R. Vijayabaskar appealed to the members of transport unions to call of their strike."We have already participated in five rounds of talks and have appealed to the members who had called for the strike to get back to work". (more...)
- May 16, 2017
Stating that?496 crore will be allotted on Wednesday to meet the retirement benefits of crew members, Transport Minister M.R. Vijayabaskar appealed to the members of transport unions to call of their strike."We have already participated in five rounds of talks and have appealed to the members who had called for the strike to get back to work". (more...)
Latest news
United Kingdom wages continue to lag inflation despite low unemployment