Markets


Fed raises rates for second time this year
- June 17, 2017

The Fed also bumped up the median projection for USA economic growth in 2017 to 2.2%, from 2.1% forecast in March. "Asset sales would be deferred, but their replacement-rate on the balance sheet tapered increasingly every three months". The Bank also outlined its plan of reducing its balance sheet, which it expanded by buying bonds and other securities in order to tackle the housing crisis leading up to the great USA financial meltdown in 2008. (more...)
GE Healthcare CEO promoted, will be replaced by head of life sciences GE Healthcare CEO promoted, will be replaced by head of life sciences
- June 17, 2017

Immelt, 61, succeeded legendary CEO Jack Welch , who had led the company for 20 years and vastly increased its size and scope. During the town hall, he said Immelt was "miles ahead of the world in redefining us as a digital industrial company". (more...)
US Fed raises interest rates US Fed raises interest rates
- June 17, 2017

The latter was involved in an investigation concerning the Trump administration's ties with Russian officials. MSCI's broadest index of Asia-Pacific shares outside Japan dipped 0.1 per cent while Japan's Nikkei fell 0.4 per cent. The committee chose to raise rates again despite an economic slowdown at the start of 2017, which it predicts will be temporary. The Administration has no wish for them to force up long interest rates too far when they want to see more investment, and have no ... (more...)
Stocks fall, dollar pares losses after Fed decision
- June 17, 2017

The Fed decision and communique did little for long vega trades, with one-month implied volatility in euro-dollar dropping to its lowest level in nearly three years. With the ongoing weakness in the dollar, the rupee is unlikely to breach 65.50-66 levels against the U.S. dollar, says a report. Further signs that inflation is stuck below the Fed's 2% target would bolster this skepticism, leading to lower Treasury yields, while stronger data would have the opposite effect, investors and analysts ... (more...)
Worth Watching Stock: Kite Realty Group Trust (KRG)
- June 17, 2017

The company is up by 0.97 percent from yesterday's close. It closed at $20.99 lastly. Independence Realty Trust Inc (NYSE:IRT) has risen 20.69% since June 15, 2016 and is uptrending. Baird to "Neutral" on Thursday, January 7. The rating was initiated by JP Morgan with "Neutral" on Tuesday, December 22. The stock has "Buy" rating by Canaccord Genuity on Thursday, May 25. (more...)
Qatar signs $17b deal for United States jets amid Gulf crisis
- June 17, 2017

President Trump said last week that Qatar had to put more effort to fight the funding of terrorist groups.The President said it's time for Qatar to put an end to funding terrorism . A U.S. Air Force F-15 fighter jet does a low-level flyby over Forward Operating Base Bostick in eastern Afghanistan January 1, 2009. While the two sides are far apart at the moment, there are positive signs they're willing to reach a conclusion and want Kuwait to continue to mediate, reports said, adding ... (more...)
Scalise shooter's wife: 'I'm sorry that he did this' Scalise shooter's wife: 'I'm sorry that he did this'
- June 17, 2017

Stephen Brennwald, an attorney and YMCA regular, said he thought it was odd that Hodgkinson never exercised or wore workout clothes. She was flanked by a local county deputy when standing in front of a plethora of microphones. Authorities say they are examining a cell phone, a computer and a camera found inside a white van where Hodgkinson had been living. The couple had been married for about 30 years. (more...)
Stock Movements to Focus: Host Hotels & Resorts, Inc. (HST)
- June 17, 2017

Creative Planning now owns 7,854 shares of the real estate investment trust's stock worth $147,000 after buying an additional 136 shares in the last quarter. The ex-dividend date is Wednesday, June 28th. Xenia Hotels & Resorts has a payout ratio of 58.5% indicating that its dividend is sufficiently covered by earnings. (more...)
Woman wins $43 million jackpot is offered $2 steak Woman wins $43 million jackpot is offered $2 steak
- June 17, 2017

Katrina Bookman thought she struck gold past year when her slot machine at New York's Resorts World Casino displayed $43 million dollars, but when she attempted to collect her prize, a casino worker told her she hadn't actually won anything then offered her a complimentary steak dinner and $2.25. (more...)
Amazon Is Buying Whole Foods for $13.7 Billion
- June 17, 2017

Whole Foods itself had launched an offshoot chain named after its "365" private label brand in a nod to the popularity of no-frills chains. The online retailer launched a grocery delivery and pickup service, AmazonFresh, in the USA about a decade ago and started selling non-perishable food items to Canadians in 2013. (more...)
Target Corporation (TGT) Stake Increased by Elkfork Partners LLC Target Corporation (TGT) Stake Increased by Elkfork Partners LLC
- June 17, 2017

As per Tuesday, May 9, the company rating was initiated by Gordon Haskett. Large investors have recently added to or reduced their stakes in the stock. That's the fourth straight quarter of comparable sales declines for Target , which also saw a 0.8% decline in the number of transactions and a 0.6% decline in the average transaction amount. (more...)
Schumer calls for all-senators meeting on health care Schumer calls for all-senators meeting on health care
- June 17, 2017

With 52 seats, they can only afford to lose two GOP senators and let Vice President Pence break a tie. Sen. Ted Cruz (R-TX), a member of the Senate healthcare working group, has taken a more conciliatory approach towards the bill. John Thune (R-S.D.), the 3rd-ranking Republican in the Upper Chamber, told the newswire this week. "Our members are still having a conversation about if we want to make changes that are in the end going to require some additional revenue". (more...)
ProShare Advisors LLC Buys 22500 Shares of PennyMac Mortgage Investment Trust (PMT)
- June 17, 2017

Barclays Capital downgraded the shares of PMT in report on Friday, February 5 to "Equal-Weight" rating. The rating was downgraded by Wells Fargo to "Market Perform" on Friday, January 15. 02/19/2015 - Capital Trust, Inc. had its " rating reiterated by analysts at JP Morgan. The company is trading up by 1.57 percent from yesterday's close. (more...)
Congressional Baseball Game tickets selling fast following shooting Congressional Baseball Game tickets selling fast following shooting
- June 17, 2017

James T. Hodgkinson , 66, allegedly opened fire on a Congressional baseball team as Republicans were practicing for an annual game to be played at Nationals Park Thursday. "The comments made by my Republican colleagues are outrageous, beneath the dignity of the job that they hold, beneath the dignity of the respect that we would like Congress to command". (more...)
London tower block fire protesters storm town hall
- June 17, 2017

Music mogul Simon Cowell has admitted that the fire at London's Grenfell Tower , which is less than a mile from his home, "sent chills through him" and has prompted him to make a charity record with all proceeds going to those affected by the horror blaze. (more...)
What's Oclaro, Inc. (OCLR) Upside After Today's Huge Increase?
- June 17, 2017

The SI to Oclaro Incorporated's float is 30.38%. Manatuck Hill Prtn Limited Liability has invested 2.19% in Oclaro, Inc . Oclaro, Inc. (NASDAQ:OCLR) has risen 92.74% since June 16, 2016 and is uptrending. National Asset Management Inc. now owns 12,144 shares of the semiconductor company's stock valued at $121,000 after buying an additional 1,601 shares during the last quarter. (more...)
Shoppers may see big changes after Amazon buys Whole Foods
- June 17, 2017

More recently the company has deployed various physical retail concepts, some with the aim of making people comfortable with the concept of buying food from Amazon and eventually nudging them to move a big part of their grocery shopping online. (more...)
Amazon Plans to Buy Whole Foods
- June 17, 2017

As many Prime subscribers know, once you can get pretty much anything you want delivered to your house for free in two days, going to the store just seems like a huge inconvenience. Wal-Mart Stores, on the other hand, received a much more skeptical response from Wall Street when it agreed to buy Jet.com for $3.3 billion past year. (more...)
Intercede Group plc (IGP) Stock Rating Reaffirmed by FinnCap
- June 17, 2017

About 41,692 shares traded. AO World PLC (LON:AO) has 0.00% since June 9, 2016 and is. It has underperformed by 22.30% the S&P500. The stock has "Buy" rating by Canaccord Genuity on Thursday, January 5. The rating was downgraded by Gabelli on Wednesday, August 10 to "Hold". Jefferies has "Buy" rating and GBX 5600 target. The firm earned "Buy" rating on Monday, May 9 by ABN Amro. (more...)
Firefighters Respond to Fire Engulfing London Apartment Firefighters Respond to Fire Engulfing London Apartment
- June 17, 2017

Dozens of people attending a protest for the victims stormed the town hall in London's richest borough yesterday afternoon, accusing the authorities of ignoring their plight. He told BBC's This Week: "She should have been there with the residents, which is what Jeremy Corbyn was". Police were called to the building and formed a barrier to control the situation. (more...)