Markets


Owner of Saks, Lord & Taylor set to slash 2000 jobs Owner of Saks, Lord & Taylor set to slash 2000 jobs
- June 09, 2017

The company said the cuts were decided after a six-month review of ways to slash costs and streamline its operations. The Canadian department store operator, which also posted a steeper-than-expected drop in quarterly retail sales, said the move would help the company save more than C$350 million ($259 million) annually. (more...)
Police detains Rahul on his way to Mandsaur
- June 09, 2017

Mandsaur: Congress Vice President Rahul Gandhi was on Thursday detained when he tried to defy ban orders enforced in Madhya Pradesh's Mandsaur district where five protesting farmers were killed on Tuesday in police firing. Gandhi was arrested along with 29 other leaders including Janata Dal-United's Sharad Yadav when they entered the BJP-ruled Madhya Pradesh but were later released on personal bonds. (more...)
Petrol/diesel prices to change daily Petrol/diesel prices to change daily
- June 09, 2017

Udaipur , Puducherry, Jamshedpur, Visakhapatnam and Chandigarh. Last revise petrol price was announced on May 31 where Indian Oil Corp ( IOC ) announced petrol price hike by Rs. "Oil marketing companies are taking steps to establish a mechanism for conveying the prices to consumers every day, including prominent displays at retail outlets, and sending price-related data or SMS from centralised locations or mobile apps", the statement added. (more...)
Apple Music enters home speaker market with HomePod Apple Music enters home speaker market with HomePod
- June 09, 2017

Apple's senior vice president of Worldwide Marketing Philip Schiller said: "Apple reinvented portable music with iPod and now HomePod will reinvent how we enjoy music wirelessly throughout our homes ". He mentioned wireless speaker systems such as Sonos that "sound good but are not smart" and "other smart speakers " ( presumably a reference to Amazon Echo and Google Home ) that "don't sound great". (more...)
Oil prices dip on fears Middle East spat could harm OPEC cuts
- June 09, 2017

Investors are watching for the official data to be released by the EIA on United States stocks. This is why Saudi cargoes to the U.S.in recent months have totaled 1.21 million barrels a day - the highest rates since 2014, the year of the oil price crash. (more...)
Trump congratulates body-slamming congressional candidate on win Trump congratulates body-slamming congressional candidate on win
- June 09, 2017

The race between Gianforte and Democrat Rob Quist attracted national attention, with both parties searching for evidence on whether President Trump is hurting GOP candidates across the country. Initially, Gianforte did not issue an apology but instead claimed that Jacobs grabbed him by the wrist before the two fell to the ground, an account that was not in line with the Fox News reporter's description of the incident. (more...)
Madrid Bans Manspreading On Its Public Transport
- June 09, 2017

There is a red X in the corner. "This new information icon is similar to what already exists in other transport systems worldwide to prohibit people adopting a body posture that bothers other people", the company said. NY and Tokyo are equally against it. Madrid joins other cities like NY which, back in 2015, put up graphics with the message "Dude, stop the spread", prompting men to lash back with infuriated emails to the MTA about other offenses like BO, fat people, pursespreading, and ... (more...)
Australia denied Champions Trophy against Bangladesh
- June 09, 2017

Ironically it is only one of two day-night games to be played in the tournament and had the match started in the morning, then it would have produced a result. His hat-trick ball marginally missed Mustafizur Rahman's off stump, but he did return in his next over to bowl Mehedi Hasan . Out of the 22 players who played that game, the current Bangladesh skipper Mashrafe Mortaza will be the only one taking part in today's encounter. (more...)
Diamond ring purchased for $13 as costume jewelry sells for $848K Diamond ring purchased for $13 as costume jewelry sells for $848K
- June 09, 2017

In March 2013, a ceramic bowl purchased for $3 at a yard sale sold for a whopping $2.2 million at an auction in NY. Wyndham added that the unnamed owner did not think it was a real diamond when she spotted it at the vehicle boot sale, which took place at West Middlesex Hospital, because it was "in a "filthy" mount" and did not sparkle. (more...)
WWDC 2017: Apple iMac Pro, worth the $4999 WWDC 2017: Apple iMac Pro, worth the $4999
- June 09, 2017

And now that idea is more powerful than ever. This narrative can arguably be traced back to the company's 2013 Mac Pro design and only picked up steam following the release of Apple's 2016 MacBook Pro with the Touch Bar. Mac notebooks deliver the world's best portable computing experience. Looks like Apple is keen on killing the MacBook Air line entirely and want people to buy either the MacBook or one of the MacBook Pro models . (more...)
Wonder Woman conquers milestone with $100.5M debut
- June 09, 2017

The previous USA opening weekend record for a female-directed film was the $85 million (£66 million) taken by Sam Taylor-Johnson's Fifty Shades Of Grey in 2015. For now, we can all bask in the glory that was Wonder Woman , as the DCEU finally finds its footing. As originally shot, the Warner Bros. film's titular heroine Gal Gadot is walking with Steve Trevor (Chris Pine) toward the World War I frontlines, readying herself for her destined showdown with Ares, the Greek god of war. (more...)
U.S. oil production could reach all time high during 2017
- June 09, 2017

According to the EIA, crude inventories in the USA market in the week to May 26 dropped by 6.4 million barrels per day to 509.9 million barrels, way more than the market forecast of a 4.4 million-barrel decline. "This could lead to a drilling free-for-all in the U.S. and also see other signatories waver in their commitments", said Jeffrey Halley, senior market analyst at futures brokerage OANDA. (more...)
Exact Sciences Corporation: The Bear Case From a Bull Exact Sciences Corporation: The Bear Case From a Bull
- June 09, 2017

United States of America based company, Exact Sciences Corporation (EXAS)'s latest closing price distance was 79.63% from the average-price of 200 days while it maintained a distance from the 50 Day Moving Average at 30.97% and 10.28% compared with the 20 Day Moving Average. (more...)
MP BJP wants sacking of officials responsible for Mandsaur
- June 09, 2017

He supported the farmers' demand for loan waiver and said that they were not getting their due. "Gandhi was going to Mandsaur only to encourage the Congress leaders involved in instigating the violence", he alleged. Bhubaneswar , Jun 8 Several farmer organisations today staged demonstrations here protesting gainst the "brutal" killing of farmers in Madhaya Pradesh. (more...)
Navistar International Corporation (NASDAQ:NAV) To Report Earnings Navistar International Corporation (NASDAQ:NAV) To Report Earnings
- June 09, 2017

Royal Bank of Canada reiterated a "hold" rating and set a $28.00 target price on shares of Navistar International Corp in a research report on Tuesday, May 9th. Analysts forecast EPS of $-0.08, down exactly $0.13 or 260.00 % from 2014's $0.05 EPS. Let's have a look at some of the important valuation ratios of the Navistar International Corporation (NAV ). (more...)
International Game Technology (IGT) Given "Neutral" Rating at Bank of America Corp
- June 09, 2017

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. RK Capital Management LLC acquired a new stake in International Game Technology during the fourth quarter valued at about $11,937,000. (more...)
Meet Group (MEET) Forms $4.77 Double Bottom, Mylan (MYL)'s Sentiment Is 0
- June 09, 2017

Mizuho has "Buy" rating and $47 target. BTIG Research maintained the shares of MYL in report on Wednesday, August 19 with "Buy" rating. Wells Fargo & Co restated a "market perform" rating and set a $40.00 price target on shares of Mylan in a research report on Friday, April 14th. (more...)
Global efforts intensify to resolve Qatar dispute in Gulf
- June 09, 2017

After Saudi Arabia along with three other Arab countries cut ties with Qatar over accusations that Qatar supports regional terror groups, President Trump held a call with Saudi King Salman bin Abdulaziz Al Saud. They accuse Qatar of supporting extremist groups and cozying up to Iran, a regional rival to the Sunni nations. The diplomatic confrontation between the Gulf States and Qatar is becoming increasingly internationalized. (more...)
Congress Vice-President Rahul Gandhi Arrested
- June 09, 2017

According to ANI, he spoke with the family members of the farmers who were killed on phone. The police official told PTI that there were reports that at one point of time, there were three passengers including Gandhi on the motorcycle. (more...)
Walmart India launches toll-free GST helpline Walmart India launches toll-free GST helpline
- June 09, 2017

So, any tax that is presently being levied by the State Government or the Central Government on the supply of goods or services would be converged in GST which will come into existence on July 1. Our toll-free helpline service network is an innovative and a pioneering initiative on GST and will be an important catalyst in the eco-system. The industry will face an adjustment period for sure: Both manufacturers and retailers will see some of their working capital tied up in inter-state gold ... (more...)

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