Markets


GM beats on earnings - stock moves higher
- February 06, 2018

Ajo Lp has invested 1.06% in General Motors Company (NYSE:GM). The stock decreased 2.98% or $2.59 during the last trading session, reaching $84.24. "Sweeping change accompanied record performance at General Motors in 2017", GM said in a statement. (more...)
US Trade Deficit Jumped by 12.1% in 2017 US Trade Deficit Jumped by 12.1% in 2017
- February 06, 2018

Imports from China and Mexico hit record highs The year 2017 saw the USA importing more foreign-made cars, computers, cell phones and other consumer goods, much of which were produced in China. Gross Domestic Product (GDP) rose 2.6 percent in the third quarter, however, the higher trade deficit shaved off 1.1 points. His administration is weighing whether to impose trade sanctions on China for the theft of USA intellectual property. (more...)
Corrected: BP profits surge as oil major leaves downturn behind Corrected: BP profits surge as oil major leaves downturn behind
- February 06, 2018

Last week, North Sea oil production to 200,000 barrels by 2020 through a variety of projects. Underlying replacement cost profit for the three months to the end of December beat expectations as BP increased production at its upstream business. (more...)
East Coast Mainline could be back in public hands 'within weeks' East Coast Mainline could be back in public hands 'within weeks'
- February 06, 2018

Stagecoach owns 90% of the joint venture and Virgin owns the remaining 10%. Those were the words of United Kingdom transport secretary Chris Grayling who told parliament that the operator's contract will be terminated in the very near future. (more...)
Keep Away Amazon Echo From Your TV Keep Away Amazon Echo From Your TV
- February 06, 2018

The most annoying thing about watching any YouTube video or televised commercial that mentions Alexa is that it typically triggers your Echo device to get ready to respond to a query. Based on fans' response to the Alexa ad, it looks like Amazon's commercial was money well spent. An algorithm within Amazon's cloud detects matching audio from distinct devices and prevents additional devices from responding. (more...)
European Shares Tumble In New Sell Off European Shares Tumble In New Sell Off
- February 06, 2018

In the Middle East, stocks were touched by the USA and Asian markets' sell-off, though the losses were more limited. European markets have followed Asian markets lower on Tuesday as investors continued to dump shares . Germany's DAX was down two per cent at 12,433. The early gains follow the market's steepest drop in six and a half years. Yoshinori Shigemi, market strategist at JPMorgan Asset Management, is quoted in Singapore's The Straits Times as saying that with inflation likely ... (more...)
Cash rate decision is out Cash rate decision is out
- February 06, 2018

Nonetheless, the RBI will need to tread carefully, given the prospect that any premature tightening move could throttle an economy expected to grow 6.7 per cent in the fiscal year that ends March 31 - the slowest pace in about three years. (more...)
Viavi Solutions Inc (VIAV) Receives $12.88 Average Target Price from Analysts
- February 06, 2018

Institutional investors have recently made changes to their positions in the company. Viavi Solutions Inc . ( VIAV ) stock price performed at a change of 13.66% from 20 day SMA and stands at a distance of 12.77% away from 50 day SMA. Average Revenue Estimate of the company for the current Fiscal Quarter is $684.22 Million, according to consensus of 17 analysts. Viavi Solutions had a net margin of 3.94% and a return on equity of 9.54%. (more...)
Shares outperforming today's market: Digital Realty Trust, Inc. (NYSE:DLR)
- February 06, 2018

About 6,721 shares traded. It has outperformed by 7.20% the S&P500. SunTrust Banks' price target suggests a potential upside of 16.13% from the company's current price. Carderock Capital Management Inc decreased Snap (SNA) stake by 48.42% reported in 2017Q3 SEC filing. Ubs Asset Mgmt Americas owns 36,201 shares. Alphamark Ltd has 8,837 shares. (more...)
How much time do DC-area drivers spend in traffic? How much time do DC-area drivers spend in traffic?
- February 06, 2018

Drivers lose an average 36 hours, a day and a half, each of their lives sitting in traffic at peak time. 111 cities and towns were analysed across the United Kingdom, with the direct and indirect costs of congestion for all drivers totaling more than £37.7 billion in 2017, an average of £1,168 per driver. (more...)
Best Buy Will Stop Selling CDs in July Best Buy Will Stop Selling CDs in July
- February 06, 2018

The deadline for music suppliers has been pushed to April or May, but Billboard points out that if major labels don't play ball, it could vastly hasten the decline of traditional CD sales. However, Best Buy will continue to carry vinyl. The company has told music manufacturers that it wants to sell CDs on a consignment basis through scan-based trading. (more...)
AICC releases complete list of 23 candidates for Nagaland Polls AICC releases complete list of 23 candidates for Nagaland Polls
- February 06, 2018

The deadline for filing nomination papers ends at 3:00 pm on February 7. "Many parties hope that the BJP would (assume) the political risk of going against the boycott call first", an insider of the newly formed Nationalist Democratic Progressive Party (NDPP) told Firstpost . (more...)
Bond yields down as investors move to safe haven instruments Bond yields down as investors move to safe haven instruments
- February 06, 2018

The rise in bond yields hinders stock performance in two ways: it makes corporate borrowing more expensive and it makes bonds more attractive to investors compared to riskier stocks. The Treasury offers $26 billion 3-year notes Tuesday. "It's not setting some new kind of record other than its rapid ascent". What traders might be ignoring is that any threat to the economy from higher yields or swooning stocks might themselves prompt the Fed to slow the pace of tightening - ... (more...)
Dow Jones suffers worst single-day point loss in history Dow Jones suffers worst single-day point loss in history
- February 06, 2018

Investors are concerned that the recent period of low inflation and low interest rates may be coming to an end. ►Rising interest rates hurt because stocks compete with bonds for investor dollars. And bond yields haven't been this high in years. Motley Fool co-founders Tom and David Gardner have spent more than a decade beating the market. SELL OFF: Market jitters spread after the US stock market had its worst session in two years on Friday, fueled by worries about inflation and ... (more...)
RBA leaves interest rates on hold at record low of 1.5 percent RBA leaves interest rates on hold at record low of 1.5 percent
- February 06, 2018

But the market has not yet priced in the possibility of a rate hike. Amid a historic 6 per cent plunge in the Dow Jones on the US Stock Exchange, professor at Monash University Mark Crosby claimed that the RBA board would be influenced by movements in foreign markets, but he expects the next rate movement to be up. (more...)
Two crew feared dead in Japan army helicopter crash Two crew feared dead in Japan army helicopter crash
- February 06, 2018

Asked if the main rotor head replacement had any link with the accident, the defense minister only said that authorities are "looking into the cause". Rescue services have been deployed to the scene, where plumes of black smoke have been seen billowing from the crash site. Another eyewitness in her 60s said she heard an unusual sound and looked up to see a helicopter rapidly descending with its nose pitched down. (more...)
Bon-Ton to close stores in MI as company files for bankruptcy Bon-Ton to close stores in MI as company files for bankruptcy
- February 06, 2018

Strong institutional ownership is an indication that large money managers, hedge funds and endowments believe a company is poised for long-term growth. Bon-Ton is the first major US brick-and-mortar retailer to file for bankruptcy in 2018. So far, 40 stores across the US are likely to be shut down. (more...)
Liverpool's Van Dijk Accuses Tottenham of Simulating, the Spurs' Kane Denies It Liverpool's Van Dijk Accuses Tottenham of Simulating, the Spurs' Kane Denies It
- February 06, 2018

You need to be sure or leave it. First, Tottenham were awarded a penalty kick for Liverpool goalkeeper Loris Karius's foul on Kane , even though Klopp felt the England star was offside. In the third minute, Salah put Liverpool ahead after he intercepted Eric Dier's poor back pass. The Kenyan had only been on the pitch a minute when he latched onto a punch from Karius to crash an unstoppable drive into the top corner. (more...)
Bitcoin price (BTC/USD) drops below $7000 as crypto sell-off continues Bitcoin price (BTC/USD) drops below $7000 as crypto sell-off continues
- February 06, 2018

Two firms launched futures contracts tied to bitcoin in December, and Goldman Sachs was reported to be working on a cryptocurrency trading desk. First of all, much of the money floating around on the ether which ends up in Bitcoin-related transactions has been known to be dirty money. (more...)
Nissan's finally built a roadster on tracks and skis Nissan's finally built a roadster on tracks and skis
- February 06, 2018

As a snowy expedition will likely need a little more firepower in the lighting department, Nissan has included two new light bars. Nissan also had to remount the rear springs and reroute the brake lines. "It's also fun to shake things up with something totally unexpected once in a while - and that's the Nissan 370Zki ", he added. Revealed alongside the bonkers 370Zki, the Armada (Patrol ) features an array of off-road and snow-focused upgrades to make it the ultimate snowmobile. (more...)