Markets


Twitter Third-Quarter Earnings, Revenue Beat Expectations Twitter Third-Quarter Earnings, Revenue Beat Expectations
- October 26, 2017

The news sent Twitter's shares - which are listed on the New York Stock Exchange - up almost 10% in pre-market trading. The company had previously reported its user growth was flat at 328 million monthly active users but it was actually 326 million. (more...)
PM Modi bats for consumer protection, stricter guidelines for misleading ads PM Modi bats for consumer protection, stricter guidelines for misleading ads
- October 26, 2017

Speaking at the inauguration of International Conference of Consumer Protection in Delhi, the PM said the Government has been able to keep inflation under check in the last three years, thereby ensuring savings for consumers. The biggest beneficiaries of the GST will be the consumers, the middle class. PM also highlighted the importance of an effective grievance redressal systems in a democracy, "We are integrating technology and ensuring stronger grievance redressal mechanisms", he said. (more...)
BARCLAYS: Markets have been too calm, hitting trading revenues 'hard' BARCLAYS: Markets have been too calm, hitting trading revenues 'hard'
- October 26, 2017

This was driven by lower profits at the bank's markets business, which trades foreign exchange, bonds and currencies. Bloomberg News reports that Barclays CEO Jes Staley said he wouldn't panic after one bad trading quarter. Barclays also confirmed that it was setting up a separate ring-fenced bank, Barclays Bank UK, to run alongside the rest of the business as part of ongoing regulatory reforms since the financial crisis. (more...)
BT to cut landline costs for up to 1 million customers
- October 26, 2017

Ofcom said they had been getting poor value for money in recent years, compared to those who buy bundles of landline, broadband and/or pay-TV services. BT are said to have made the moved voluntarily following recommendations from the regulator. "Many are elderly, and have been with BT for decades". (more...)
Colony Group LLC Boosts Holdings in Time Warner Inc. (NYSE:TWX)
- October 26, 2017

Time Warner (NYSE: TWX ) last announced its earnings results on Wednesday, August 2nd. It has outperformed by 19.67% the S&P500. Wbi Investments Inc increased Absolute Shs Tr stake by 479,455 shares to 581,506 valued at $14.15 million in 2017Q2. (more...)
Boeing Co (BA) Q3 Earnings Beat The Street On Record Aircraft Deliveries
- October 26, 2017

Conner Raymond L. sold $1.95M worth of stock or 10,673 shares. RBC Capital Markets maintained it with "Hold" rating and $235.0 target in Friday, October 6 report. Also, SVP Robert E. Verbeck sold 2,522 shares of the firm's stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $244.45, for a total transaction of $616,502.90. (more...)
What Do Analysts Suggest For United Continental Holdings, Inc. (UAL) What Do Analysts Suggest For United Continental Holdings, Inc. (UAL)
- October 26, 2017

Deutsche Bank has "Hold" rating and $62 target. The company was maintained on Wednesday, July 12 by Cowen & Co. The rating was maintained by Stifel Nicolaus on Friday, October 20 with "Buy". United Continental Holdings (NYSE: UAL ) last announced its quarterly earnings results on Wednesday, October 18th. It has outperformed by 60.49% the S&P500. (more...)
Stratos Wealth Partners LTD. Grows Position in Intel Corporation Stratos Wealth Partners LTD. Grows Position in Intel Corporation
- October 26, 2017

The stock of Intel Corporation (NASDAQ: INTC ) earned "Buy" rating by Deutsche Bank on Sunday, August 30. Canaccord Genuity maintained the shares of INTC in report on Friday, September 8 with "Hold" rating. Blackrock holds 0% in BancFirst Corporation (NASDAQ:BANF) or 547,154 shares. Guardian Capital Limited Partnership, Ontario - Canada-based fund reported 170,234 shares. (more...)
Hong Kong And Singapore Monetary Authorities Band Blockchain Projects Together Hong Kong And Singapore Monetary Authorities Band Blockchain Projects Together
- October 26, 2017

The Monetary Authority of Singapore (MAS) and the Hong Kong Monetary Authority (HKMA) signed an agreement to strengthen co-operation on fintech between the two cities and foster financial technology development within the region. Other initiatives previewed at HKMA's Fintech Day include plans by the central bank to develop working guidelines for banks engaging in blockchain technology, and the creation of a $7 million fintech award to recognise and reward outstanding startups. (more...)
Ziva Dhoni' Malayalam song goes viral
- October 26, 2017

The two-year-old has the love of the internet and makes everyone go awww with her cute acts. Little Ziva is her father's favourite and recent pictures and videos show she is popular among the Indian cricketers as well. Within four hours of hitting the cyberspace, the video has been viewed over 50,000 times on Instagram. Although, the lyrics seem quite tough, still this young talent has managed to learn the song. (more...)
New Home Sales Jumped 18.9% in September, Ten-Year High New Home Sales Jumped 18.9% in September, Ten-Year High
- October 26, 2017

Analysts had predicted new home sales number would retreat again in September, on the heels of a 9.4 percent loss in August. The earlier estimate for August was revised upward, but only by 1,000 units to 561,000. Housing is expected to have been a drag on economic growth in the third quarter. New home sales in the Northeast spiked by 33.3 percent to a rate of 48,000, while new home sales in the South jumped by 25.8 percent to a rate of 405,000. (more...)
RCom may close down its wireless business next month RCom may close down its wireless business next month
- October 26, 2017

The 2G business is not all that's going down. RCom's executive director Gurdeep Singh is understood to have informed employees about the development and the closure of a part of the business. Refusing to comment on the shutting down of the wireless business, the company issued a short statement, saying it will adopt a 4G focused strategy for profitable growth of its wireless business. (more...)
Arun Jaitley declares Nov 8 as anti black money day Arun Jaitley declares Nov 8 as anti black money day
- October 26, 2017

Elder party leaders will fan out across the country to notify the public about the profits of demonetization as part of the preparation to view November 8 as "anti-black money day". "They have reconciled to India living with black money". "Those who have never fought black money were happy with the laundering of it and are dismayed at it being liable to tax via entry through the banking system", he added. (more...)
Leading offshore law firm confirms hack
- October 26, 2017

However, the incident comes around 18 months after a huge volume of highly sensitive data was stolen from Panama-based law firm Mossack Fonseca , exposing the private financial dealings of the super-rich and world leaders including Vladimir Putin and Xi Jinping. (more...)
IPERS to receive payment from Deutsche Bank in multistate settlement
- October 26, 2017

Other states joining NY in the Deutsche Bank settlement include: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, District of Columbia, Delaware, Florida, Georgia, Idaho, Illinois, Indiana, Iowa, Kansas, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, Tennessee, Utah, Virginia, ... (more...)
Daimler debuts all-electric heavy-duty E-Fuso Vision One truck
- October 26, 2017

This initiative will be backed by access to Daimler know-how in the fields of battery and charging technology, supporting the E-FUSO position as the frontrunner in electric trucking. Mitsubishi Fuso Truck and Bus Corporation (MFTBC) is the first automaker to launch a brand exclusively dedicated to electric trucks and buses. Along with the E-Fuso Vision One, Daimler also has the eCanter on display, a production zero-emission light-duty truck that was recently presented in NY. (more...)
Urs Rohner Acquires 473 Shares of GlaxoSmithKline plc (GSK) Stock
- October 26, 2017

FMR LLC grew its holdings in GlaxoSmithKline PLC by 5.9% in the second quarter. 1,120,326 shares of the company's stock traded hands. Hamilton Point Investment Advisors LLC now owns 36,956 shares of the pharmaceutical company's stock worth $1,594,000 after buying an additional 1,400 shares in the last quarter. (more...)
Officer takes birthday boy out for dinner Officer takes birthday boy out for dinner
- October 26, 2017

Robinson made a decision to take the child for a meal at McDonald's and for a ride around in a police vehicle for his birthday. "It was also the child's birthday", the post said. Since then, its been shared more than 12,000 times. In a post on the department's Facebook page, Officer Darryl Robinson's kind act is highlighted with a smiling photo. (more...)
Will Strong Crude Oil Prices Affect Coal Producers?
- October 26, 2017

Meanwhile, US stocks had their worst day in two months, with DJIA losing 100 points from yesterday's record peak. Brent, the global benchmark, rose 11 cents, or 0.19%, to $58.44 a barrel on ICE Futures Europe. The Organization of the Petroleum Exporting Countries, Russia and other producers have cut oil output by about 1.8 million barrels per day (bpd). The figures also showed that US oil production rebounded to pre-hurricane levels, rising to more than 9.5 million barrels a day. (more...)
Tesla starts energy storage at hospital to help Puerto Rico Tesla starts energy storage at hospital to help Puerto Rico
- October 26, 2017

At the core of the argument is the government's belief that funding related to the Federal Emergency Management Agency, or FEMA, can be used to build a new system, not just fix the old one, so that it won't be susceptible to collapse when the next storm hits. (more...)