Markets


Cuba-US relations: 6 things you need to know Cuba-US relations: 6 things you need to know
- June 17, 2017

Obama's policy shift was designed in part to improve relations with other Latin American countries that opposed a US -led embargo against Cuba, in place since 1960. U.S. president Donald Trump has thrust America and Cuba back on a path towards open hostility with a blistering denunciation of the island's communist government. (more...)
British prime minister eyes deal to prop up minority government
- June 17, 2017

DUP sources also stressed the importance of everyone in Northern Ireland "owning" whatever concessions the party specifically wins for the region in its discussions with the Conservatives. Foster later said it was "right and proper" for the DUP to support May's legislative program, which is due to be announced next week and will be the first formal test of her ability to govern. (more...)
Golden State Warriors will not visit the White House
- June 17, 2017

Curry has since formed a friendship with the former president, going on golf trips together. But he offered a glimpse of what more he could offer by averaging more than 30 points per game during a 4-1 series win over the Cavaliers in the Finals. (more...)
CNN Says Only Democrats Prayed for Wounded Scalise
- June 17, 2017

Trump added , "We pray for all of the victims of this awful crime who are still recovering, including Zachary Barth and Matt Mika , both of whom are respected and cherished by so many". "He's in some trouble, but he's a great fighter and he's going to be okay, we hope". Witnesses said Scalise , of Louisiana, "army crawled" from the infield to the grass as the shooting continued. (more...)
Tesco says rising sales fuelled by drive to keep prices low Tesco says rising sales fuelled by drive to keep prices low
- June 17, 2017

Looking at the year as a whole, the board described "mixed" market conditions, but said it remained focussed on the delivery of its engine production ramp up, the continued execution of its transformation programme and growing its free cash flow. (more...)
Uber board weighs report on workplace culture Uber board weighs report on workplace culture
- June 17, 2017

There could be one more shoe to drop, involving its CEO, Travis Kalanick , whose status remains unclear. After a Sunday meeting that lasted more than six hours, a representative for Uber's board said directors approved several changes, without providing clarity on the fates of chief executive Travis Kalanick or his confidant and head of business, Emil Michael . (more...)
Amazon's Jeff Bezos: Millions of people love Whole Foods Market
- June 17, 2017

The acquisition is an enormous signal that Amazon is dead serious about the grocery business, so Instacart will continue to position itself as a grocer's No. To figure out what Amazon is getting for all that money , we crunched the numbers on the geography of Whole Foods in the United States . In the short-term, said von Massow, it's unlikely Amazon will steal customers from other Canadian grocers. (more...)
May orders probe into London tower block fire
- June 17, 2017

There are reports that the cladding on the London tower block destroyed by a fire may have accelerated the blaze, writes Claire Anderson. "But it would also be deeply distressing for families for us to release wrong information". Residents had long complained about fire safety risks at Grenfell Tower during a refurbishment project completed a year ago, but said their concerns went unheeded. (more...)
Death Toll From London Blaze Rises to 30, Dozens Missing, Authorities Criticised
- June 17, 2017

Meanwhile, authorities in the United Kingdom investigating the Grenfell Tower inferno should consider the design of the building's entire exterior refurbishment rather than individual components, a company said . As he spoke, chants began of "not 17" - questioning the death toll, which was previously said to be 17 but has been repeatedly revised upwards as authorities warn it will continue to rise. (more...)
US housing starts drop for 3rd straight month US housing starts drop for 3rd straight month
- June 17, 2017

Economists blame the moderation on supply constraints rather than demand for housing, which remains underpinned by a strong labor market. Single-family home construction has lost momentum since racing to near a 9-1/2-year high in February. (more...)
Trump rolls back Obama's moves on Cuba Trump rolls back Obama's moves on Cuba
- June 17, 2017

Sebastian Arcos, associate director of the Cuban Research Institute at Florida International University, said Trump's speech wasn't a "big deal " because, fundamentally, not much is changing. As Marla Recio, a Cuban event planner, told the New York Times : "It's not just the people who have rental homes or who have a private business specifically targeted at an American audience like myself". (more...)
Amazon to acquire Whole Foods supermarket chain Amazon to acquire Whole Foods supermarket chain
- June 17, 2017

The two companies expect the deal to close during the second half of this year. "This deal should leave no doubt that Amazon is deadly serious about dominating all aspects of retail", Paul Cuatrecasas, chief executive of Aquaa Partners, a London-based investment banking firm, said in an email. (more...)
What happens to Instacart in the Amazon-Whole Foods deal?
- June 17, 2017

Not anymore. In one fell swoop, Amazon founder Jeff Bezos has bought his way into the supermarket business with the $13.7 billion acquisition of Whole Foods . The deal shows Amazon's interest in moving into the business of operating traditional brick-and-mortar stores, even as many retailers that have been crippled by Amazon's growth have announced a series of store closings . (more...)
These Reactions To Amazon's Acquisition Of Whole Foods Say It All These Reactions To Amazon's Acquisition Of Whole Foods Say It All
- June 17, 2017

In Whole Foods , Amazon is acquiring a company that has recently come under pressure from investors for its lagging performance. In fact, Amazon spokesman said that they do not plan on using Amazon Go in Whole Foods and no cashiers or other layoffs will happen with the acquisition , according to The New York Times report . (more...)
Local Reaction To Trump's Cuba Policy
- June 17, 2017

During the final two years of his presidency, Obama reopened the U.S. Embassy in Havana , eased restrictions to allow direct flights and cruise voyages between the U.S. Carlos Cristóbal Márquez, the restaurant's owner, watched Trump's announcement near to where President Barack Obama dined during his historic trip in March. (more...)
Amazon to buy Whole Foods Market for $13.7 billion
- June 17, 2017

Major stock indexes eked out tiny gains after spending much of the day in the red, but grocery stores and retailers plunged on concern about new competition as Amazon said it would buy Whole Foods . In recent years, more than 4,000 grocery stores were joined under two owners after the Albertsons-Safeway and Ahold-Delhaize mergers. "The conventional grocery store should feel threatened and incapable of responding", Wedbush Securities analyst Michael Pachter said. (more...)
Grocery stocks tank on news that Amazon is buying Whole Foods Grocery stocks tank on news that Amazon is buying Whole Foods
- June 17, 2017

Whole Foods shares shot up 29.1% to 42.68 on the stock market today . It announced Friday that it's buying online men's clothing retailer Bonobos for $310 million, following a string of online acquisitions including ModCloth and Moosejaw. (more...)
Insider Trading at ON Semiconductor Corporation?
- June 17, 2017

The company saw 11.43 million shares trade hands over the course of the day. OM Asset Management PLC (NYSE:OMAM) has risen 4.82% since June 13, 2016 and is uptrending. Mizuho raised their price objective on ON Semiconductor Corporation from $17.00 to $18.00 and gave the stock a "buy" rating in a research report on Monday, March 13th. (more...)
US, G7 partners remain at odds on climate at environment meeting US, G7 partners remain at odds on climate at environment meeting
- June 17, 2017

Mr Pruitt's early exit from the discussions may further obstruct plans by environment ministers at the two-day meeting. Catherine McKenna met with Scott Pruitt , the Administrator of the EPA, and the environment ministers of the other developed nations in the G7 in Bologna, Italy, over the weekend where, according to Ms. (more...)
Oil prices struggle on doubts OPEC can rein in oversupply
- June 17, 2017

Looking at anticipated growth in global oil demand this year, OPEC reiterated its forecast of 1.27 million barrels per day (bpd). Oil prices wallowed near their lowest levels in seven months early on Thursday, hurt by high global inventories and doubts over OPEC's ability to implement production cuts, according to Reuters . (more...)