Markets


Sam Allardyce explains Ross Barkley England omission Sam Allardyce explains Ross Barkley England omission
- August 30, 2016

Manchester United's Luke Shaw , Everton's Phil Jagielka , Leicester City's Danny Drinkwater and Arsenal's Theo Walcott returned after missing Euro 2016, where defeat by Iceland in the last 16 cost Roy Hodgson his job. "I think it deserves to be in this squad, for me to have a look at him going forward". "Hopefully we will have a good few days" preparation and get to know each other on the basis of trying to go and win in Slovakia". (more...)
Mondelez says it's ending talks to buy Hershey
- August 30, 2016

However, when news of a potential acquisition by Mondelez first broke in July, shares of Hershey took off, noted Adami. Hershey shared closed Monday up 0.71% to $111.67, but fell more than 11% afterhours to $98.87. Separately, TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. (more...)
Tesla boosts power, range and prices for Model S, Model X Tesla boosts power, range and prices for Model S, Model X
- August 30, 2016

This improved battery is also available on Tesla's Model X, giving the already-speedy SUV a 0-to-60 acceleration of just 2.9 seconds and a travel range of 289 miles. Existing P90D owners can have their cars upgraded to the bigger battery, but that will cost $20,000 more-$10,000 goes toward recycling the existing battery. (more...)
Permanent cease-fire taking effect in Colombia under accord Permanent cease-fire taking effect in Colombia under accord
- August 30, 2016

The announcement follows a declaration by Colombian President Juan Manuel Santos who said Friday his forces would on Monday begin a definitive cease-fire with the Revolutionary Armed Forces of Colombia (FARC). To end the war with the FARC for good, Colombians must now vote in an Oct 2 referendum on the peace accord reached in Havana after almost four years of talks. (more...)
Wall Street not sold on Fed's potental interest rates bump
- August 30, 2016

She stressed that the Fed's rate decisions will depend on whether the freshest economic data continue to confirm its outlook. "As ever", she said, "the economic outlook is uncertain, and so monetary policy is not on a preset course". "We think the evidence is that the economy has strengthened". She, however, also said that future rate increases should be "gradual". According to data from the CME Group this week, investors foresee only about a 21 percent probability of a rate hike in ... (more...)
German Official Says U.S.-Europe Trade Talks Have Collapsed, Blames Washington German Official Says U.S.-Europe Trade Talks Have Collapsed, Blames Washington
- August 30, 2016

The deal was supposed to span Europe and the US, covering more than half of the world's economic output and 800 million people. "In my opinion the negotiations with the United States have de facto failed even though nobody is really admitting it", Sigmar said in an interview . (more...)
Rupee Slips to Near 1-Week Low on Firm US Dollar
- August 30, 2016

Stada fell 0.3 percent after activist investor Active Ownership Capital succeeded in persuading shareholders of Stada over the weekend to remove the company's supervisory board chairman in a voting marathon, but failed to install its own candidate. (more...)
US consumer spending posts slower growth in July US consumer spending posts slower growth in July
- August 30, 2016

Although household spending accounts for more than two-thirds of economic output in the US and has been a mainstay of the expansion, the consumer can't support the economy single-handedly. Consumption accounts for about 70 percent of the economy. After the slow 1.1 per cent pace of the second quarter, gross domestic product could expand by a 3.0 per cent annual pace in the third, he predicted. (more...)
Kaepernick's decision to sit through anthem scrutinized
- August 30, 2016

It seems Kaepernick tried another way and it wasn't almost as effective as just sitting down. "He's frustrated. It's hard seeing people get murdered and killed without repercussions". "And it's not happening for all right now", Kaepernick told the media on Sunday. "I stand proudly for the national anthem every single week". "Yes. (more...)
Dhoni wants more U.S. matches despite washout
- August 30, 2016

The rain though lasted less than half-an-hour, but the wet outfield could not be rectified for the resumption of the match due to the lack of super soppers in the ground. Shortly after the rain subsided, the wicket was ready for play as well as parts of the outfield which drained well. We realise on a wicket like this, we needed an extra bowler and a leg-spinner can give you wickets. (more...)
Oil prices dip, Saudis dampen hopes on output talks Oil prices dip, Saudis dampen hopes on output talks
- August 30, 2016

Earlier, Saudi Arabia's energy minister Khalid Al-Falih also downplayed hopes for a cut in production. West Texas Intermediate , the US benchmark for crude oil prices, was relatively flat to open the day in NY at $47.37 per barrel. interest rate hike within this year "boosted the dollar index and applied pressure on crude prices". The biggest crude exporter shipped an average of 1.05 million barrels a day to China in the year through July 31, giving it a market share of 14 percent, ... (more...)
Police detain man dressed as Zorro just before airport panic
- August 30, 2016

Isaac Yeffet, former head of security for El Al Israel Airlines who runs his own firm, Yeffet Security Consultants, said the root of the problem is weak airport security in the U.S. After an all-clear order, travelers re-entered and were rescreened. Investigators Monday were still trying to figure out what led to Sunday's false shooting report at LAX. (more...)
Antitrust regulators approve Tesla deal to buy SolarCity Antitrust regulators approve Tesla deal to buy SolarCity
- August 30, 2016

The Company uses battery packs manufactured at the Gigafactory for its energy storage products. The problem for Tesla, and anyone who bid up its stock Tuesday afternoon, is that it has already pushed investors' horizons out so far, in the interest of raising more capital, that even going beyond "ludicrous speed" on its flagship auto doesn't get pulses racing. (more...)
Mylan to introduce generic EpiPen at half the price Mylan to introduce generic EpiPen at half the price
- August 30, 2016

The company said yesterday that its USA subsidiary will put out a generic version of the EpiPen that will have a list price of $300 for a two-pack - about half the current price. Mylan said it will keep in place the $300 savings card for the branded EpiPen and the revised patient assistance program announced last week. "The weirdness of a drug company offering a generic version of its own branded but off-patent product is a signal that something is wrong", Robert Weissman, president of ... (more...)
Oil Prices Fall On Rising Iraq Output, Doubt Over Producer Talk Prospects Oil Prices Fall On Rising Iraq Output, Doubt Over Producer Talk Prospects
- August 30, 2016

SINGAPORE - Oil prices fell about 1% on Monday as Iraq's production rose and Iran said it would co-operate in producer talks to freeze output only if fellow exporters recognised its right to fully regain market share. Producers that destabilized oil markets have the greatest responsibility to steady them, Zanganeh said, according to Shana, without identifying any such countries . (more...)
Oil Prices Fall On Rising Iraq Output, Doubt Over Producer Talk Prospects Oil Prices Fall On Rising Iraq Output, Doubt Over Producer Talk Prospects
- August 30, 2016

SINGAPORE - Oil prices fell about 1% on Monday as Iraq's production rose and Iran said it would co-operate in producer talks to freeze output only if fellow exporters recognised its right to fully regain market share. Producers that destabilized oil markets have the greatest responsibility to steady them, Zanganeh said, according to Shana, without identifying any such countries . (more...)
US Federal Reserve Gears Up to Raise its Fund Rate
- August 30, 2016

Speaking at a three-day worldwide gathering of central bankers in Jackson Hole, Wyoming , Yellen said the "US economy was nearing the Federal Reserve's statutory goals of maximum employment and price stability". Ms. Yellen said: "While economic growth has not been rapid, it has been sufficient to generate further improvement in the labor market". Economists took her remarks to mean that while a rate hike remains possible at the Fed's September meeting, it isn't necessarily likely. (more...)
Global stocks lower, except for Tokyo, on Yellen speech
- August 30, 2016

The S&P 500 slipped 3.43 points, or 0.2 per cent, to 2,169.04. NEW YORK, Aug 29 USA stocks rose on Monday, helped by gains in financial shares after comments from top Federal Reserve officials on Friday bolstered expectations for an interest rate hike from the US central bank this year, while European shares dipped and the dollar rose. (more...)
Mylan to offer generic EpiPen at half price
- August 30, 2016

Mylan's generic two-pack epinephrine injection will cost $300, less than half of the original's sticker. So, although it originally opted to increase prices because it could, Mylan is now essentially competing against itself to appease the public and policymakers with the generic form of its product. (more...)
US Fed officials divided over rate rise
- August 30, 2016

Minutes of the Fed's July meeting show a split among officials about when to take "another step" in raising interest rates. The WSJ Dollar Index was up 0.5% at 85.61 after New York Fed President William Dudley expressed optimism about the outlook for hiring and growth in the USA economy, while San Francisco Fed President John Williams said the central bank should move to raise interest rates "sooner rather than later". (more...)

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