Markets


Williams-Sonoma (WSM) Releases Earnings Results, Reports EPS of $0.58 EPS Williams-Sonoma (WSM) Releases Earnings Results, Reports EPS of $0.58 EPS
- August 25, 2016

Williams-Sonoma makes up approx 0.14% of Independent Portfolio Consultants's portfolio. 05/16/2016 - Williams-Sonoma, Inc. had its "outperform" rating reiterated by analysts at Telsey Advisory Group. During the same quarter previous year, the firm posted $0.58 EPS. The company's revenue was up 2.8% compared to the same quarter past year. Williams-Sonoma expects full-year earnings in the range of $3.35 to $3.55 per share, with revenue ranging from $5.08 billion to $5.23 billion. (more...)
Obama vows support for Louisiana after the cameras leave
- August 25, 2016

Mr. Obama says he wants Louisianans to know they're not alone in recovering from the flood, even after the news cameras leave. The president has been criticized for waiting until after he returned from his New England vacation to tour the Gulf Coast flooding. (more...)
Dollar advances as traders look to Yellen for rate hike clues
- August 25, 2016

Canadian dollar was last trading at C$1.2928 to the greenback, or 77.27 USA cents, weaker than Tuesday's close of C$1.2910, or 77.46 US cents. Then the buck-denominated oil prices had the additional support of a depreciating dollar, as well as the declining United States rig counts and oil production. (more...)
Research Ratings: Corrections Corporation of America (NYSE:CXW), SolarCity Corporation (NASDAQ:SCTY) Research Ratings: Corrections Corporation of America (NYSE:CXW), SolarCity Corporation (NASDAQ:SCTY)
- August 25, 2016

The company reported the earnings of $0.69/Share in the last quarter where the estimated EPS by analysts was $0.65/share. On 18 August, Corrections Corporation of America (NYSE:CXW) and GEO Group (NYSE: GEO) shares were hammered Thursday after the Washington Post reported that the Justice Department plans to end use of private prisons. (more...)
Dozens of wildfires rage across arid US West Dozens of wildfires rage across arid US West
- August 25, 2016

The number of structures threatened by the Chimney fire , burning in steep terrain west and north of Nacimiento Lake, remains at 1,898, with 45 residences and 20 other structures destroyed, and seven damaged. About 50 people have been evacuated from campgrounds and a lodge that rents cabins in the area. Travelers coming from the south can still access Yellowstone through Idaho and the park's West Entrance. (more...)
Raghuram Rajan's 'inflation warrior' is new RBI governor
- August 25, 2016

Patel is the only deputy governor in the history of the RBI to get a second term. Congratulating Patel, ICICI Bank's MD and CEO, Chanda Kochhar said, "Urjit Patel has played a key role in developing the new monetary policy framework that has focused on reigning in inflation and has imparted stability to the currency". (more...)
Federal judge puts Starbucks lawsuit on ice in California Federal judge puts Starbucks lawsuit on ice in California
- August 25, 2016

Starbucks responded to the lawsuit when it was filed, stating that ice was an important part of an "ice beverage". He also notes how Starbucks's drink cups are totally clear, meaning consumers can't miss the ice, and also that nowhere does the company say drink sizes represent ounces of pure liquid. (more...)
Speedo USA drops Lochte sponsorship
- August 25, 2016

The company also announced it will be donating $50,000 of Lochte's fee to Save the Children, which will direct the money toward youngsters in Brazil. Paul Swangard, managing director of the Warsaw Sports Marketing Center at the University of OR, said he wasn't surprised by the decision since most of Lochte's marketing value was tied to campaigns prior to the Olympics. (more...)
Tesla Unveils New Faster Accelerating Vehicles with Longer Battery Range Tesla Unveils New Faster Accelerating Vehicles with Longer Battery Range
- August 25, 2016

Tesla customers who have ordered but not yet taken delivery of a P90D Ludicrous Model S or Model X can upgrade to the 100-kWh battery pack for $10,000. Existing owners can upgrade by paying $20,000 because the old pack would require recycling. It's another great feature of electric cars: modularity and upgradeability. (more...)
Mississippi ACT scores dip as all high school seniors tested
- August 25, 2016

State officials note that Louisiana is one of 18 states in which all students take the ACT. Minnesota scores on the ACT college entrance exam slipped after the state required juniors to take the test as part of statewide testing. Nationwide, almost 2.1 million graduating seniors took the ACT. The College Board expects to release updated 2016 numbers for the SAT later this fall. (more...)
Bill Clinton defends embattled family foundation
- August 25, 2016

Donald Trump meant to say Wednesday that Hillary Clinton's use of an email server during her tenure at the State Department was an act of "premeditation". After Clinton said earlier this month that she "short-circuited" answers about the email controversy, Trump quipped at a New Hampshire rally, "She took a short-circuit in the brain". (more...)
NZ Dollar Falls Amid Rising Risk Aversion
- August 25, 2016

The dollar continues to lose ground as investors focus on Yellen's speech at Jackson Hole on Friday. "Investors should keep diligent this week, as the increasing focus on Yellen's speech may present a threat of creating explosive levels of volatility, if market participants are left empty-handed on USA rate-hike timings", Otunuga added. (more...)
U.S. stock futures search for firm direction, marooned in wait for Yellen U.S. stock futures search for firm direction, marooned in wait for Yellen
- August 25, 2016

The Dow Jones industrial average lost 67 points, or 0.4 percent, to 18,487 as of 9:50 a.m. DRUG DEAL: Cancer drug maker Medivation jumped $13.34, or 20 percent, to $80.49 after pharmaceutical giant Pfizer announced it would buy the company for $14 billion, or $81.50 a share. (more...)
California lawmakers advance steeper emissions cuts goal
- August 25, 2016

California's program to cap emissions and trade carbon permits is a crucial component of a broader effort to reduce the state's output of heat-trapping greenhouse gases to 1990 levels by the end of the decade. "Now all members of the legislature have taken votes". "The impacts in my county are huge", Senate Republican Leader Jean Fuller, who represents Bakersfield, said prior to the vote on Wednesday. (more...)
At least six killed as quake brings down buildings in central Italy
- August 25, 2016

In Accumoli, one witness told ANSA that fire and police teams looking for a young couple and two children in a pile of rubble were alternating earth-moving equipment with individuals using bare hands. Italian Premier Matteo Renzi, who is heading to the zone later Wednesday, says the immediate priority is to rescue any survivors. In brief remarks, Renzi thanked rescue workers who dug through debris to reach residents crushed by their homes. (more...)
NYMEX, Brent crude weaker in Asia as API estimates show solid build
- August 25, 2016

Oil prices jump after unconfirmed reports say Iran may join a push to freeze production at current levels. A two-year long selloff in oil has severely hurt the economies of Venezuela, Iraq and Nigeria . Total volume traded was about 16 per cent below the 100-day average. US crude inventories probably dropped by 850,000 barrels last week, according to the median estimate in a Bloomberg survey before the Energy Information Administration report on Wednesday. (more...)
Unclear how end of private prison use will impact Texas Unclear how end of private prison use will impact Texas
- August 25, 2016

They are under the authority of the Department of Homeland Security, not the Department of Justice. A total of 13 private prisons house about 22,000 federal inmates - roughly 12 percent of the Bureau of Prisons inmate population. In the years since, the DOJ has been on a path to reduce the federal prison population. In the past year alone, ICE has faced fierce criticism for failing to oversee its private detention contractors, failing to react to deadly lapses in medical care, and ... (more...)
Price of oil volatile in morning trading Price of oil volatile in morning trading
- August 25, 2016

At 10:21 a.m. EDT (1421 GMT), the Toronto Stock Exchange's S&P/TSX composite index.GSPTSE rose 34.71 points, or 0.24 percent, to 14,782.90. Aug 24 Canada's main stock index fell on Wednesday as lower metal prices weighed on mining stocks, offsetting gains for financials after one of the country's major banks reported slightly higher-than-expected quarterly results. (more...)
CSU student in Italy unaffected by deadly quake
- August 25, 2016

Italy's civil protection unit said in the first official death toll there had been 38 deaths in and around the villages of Amatrice, Accumoli and Arquata del Tronto. As dawn broke, emergency services and residents were scrambling to rescue people trapped under the ruins of razed old buildings, digging with shovels, bulldozers and even their bare hands to reach survivors. (more...)
Trump on Second Amendment comment: 'There was nothing said wrong' Trump on Second Amendment comment: 'There was nothing said wrong'
- August 25, 2016

He reviewed each candidate's plan and issued reports that said Trump's policies would cause a net loss of 3.4 million jobs, while there would be 10.4 million jobs created under a Clinton presidency. Obama repeatedly used Romney's business dealings against him and seized upon his reluctance to release certain tax records. "We want to see the records the night of Benghazi that explain why Secretary Clinton didn't send in reinforcements as soon as the attack had begun", he said of the 2012 ... (more...)

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