Markets
Cuba Ready for US Commercial Flights
- August 31, 2016
The United States broke off diplomatic relations with Cuba in 1961 and placed an official embargo against the country in 1962. Foxx will arrive on Wednesday, the same day USA airline JetBlue will fly from Fort Lauderdale, Florida to the central Cuban city of Santa Clara, resuming regular flights after more than 50 years, Deputy Transportation Minister Eduardo Rodriguez said . (more...)
- August 31, 2016
The United States broke off diplomatic relations with Cuba in 1961 and placed an official embargo against the country in 1962. Foxx will arrive on Wednesday, the same day USA airline JetBlue will fly from Fort Lauderdale, Florida to the central Cuban city of Santa Clara, resuming regular flights after more than 50 years, Deputy Transportation Minister Eduardo Rodriguez said . (more...)
My 2 Cents: 49ers QB Sits During National Anthem
- August 31, 2016
What's really going on in this country. "And so whether you stand or sit during the National Anthem or not means very little to me". While NFL fans burn his jersey and players from other teams fire up over his protest, the presidential hopeful has also weighed in. (more...)
- August 31, 2016
What's really going on in this country. "And so whether you stand or sit during the National Anthem or not means very little to me". While NFL fans burn his jersey and players from other teams fire up over his protest, the presidential hopeful has also weighed in. (more...)
Apple says will appeal against EU tax decision
- August 31, 2016
Throughout the period of 2003-2014, Apple was able to funnel all European profits through Ireland , claiming all sales as part of its "head office", there. The Cupertino, California-based iPhone maker has previously said it received no special treatment in Ireland and that any revenue generated in the country should be taxed in the USA, where Apple's research and development is based. (more...)
- August 31, 2016
Throughout the period of 2003-2014, Apple was able to funnel all European profits through Ireland , claiming all sales as part of its "head office", there. The Cupertino, California-based iPhone maker has previously said it received no special treatment in Ireland and that any revenue generated in the country should be taxed in the USA, where Apple's research and development is based. (more...)
Allegiant Air adds nonstop service from New Orleans-Concord
- August 31, 2016
Neither city now has direct flights to or from Austin. In a news release, Allegiant CEO Jude Bricker said the airline wants to cater to North Carolina vacationers interested in planning a trip to New Orleans. "We are very excited to add New Orleans to our destinations", said Richard Cloutier, aviation director Concord Regional Airport. Allegiant Air was founded in 1997 to provide low-priced flights from smaller USA cities to vacation destinations across the country. (more...)
- August 31, 2016
Neither city now has direct flights to or from Austin. In a news release, Allegiant CEO Jude Bricker said the airline wants to cater to North Carolina vacationers interested in planning a trip to New Orleans. "We are very excited to add New Orleans to our destinations", said Richard Cloutier, aviation director Concord Regional Airport. Allegiant Air was founded in 1997 to provide low-priced flights from smaller USA cities to vacation destinations across the country. (more...)
Chipotle offers free food to lure back customers
- August 31, 2016
The company is next expected to post earnings numbers on or around 2016-10-18. Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Thursday, July 21st. The consensus EPS estimate that analysts have on Chipotle Mexican Grill, Inc. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $438.42 while the highest price target suggested by the analysts is $590.00 and low price ... (more...)
- August 31, 2016
The company is next expected to post earnings numbers on or around 2016-10-18. Chipotle Mexican Grill (NYSE:CMG) last released its quarterly earnings results on Thursday, July 21st. The consensus EPS estimate that analysts have on Chipotle Mexican Grill, Inc. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell The mean price target for the shares of company is at $438.42 while the highest price target suggested by the analysts is $590.00 and low price ... (more...)
Couche-Tard buys 53 sites in Louisiana
- August 31, 2016
The transaction is anticipated to close in the third quarter of Couche-Tard's fiscal year 2017 and is subject to the standard regulatory approvals and closing conditions. The stores now operate under the Cracker Barrel banner, and include 12 quick-service restaurants. Following the acquisition, all of the stores will be rebranded and operated under the Circle K brand by Couche-Tard's U.S. (more...)
- August 31, 2016
The transaction is anticipated to close in the third quarter of Couche-Tard's fiscal year 2017 and is subject to the standard regulatory approvals and closing conditions. The stores now operate under the Cracker Barrel banner, and include 12 quick-service restaurants. Following the acquisition, all of the stores will be rebranded and operated under the Circle K brand by Couche-Tard's U.S. (more...)
US consumer confidence in August highest in 11 months
- August 31, 2016
The Director of Economic Indicators at the Conference Board Lynn Franco commented: "Consumers' assessment of both current business and labor market conditions was considerably more favorable than last month". In the a year ago, this metric has averaged 90.4. Consumers were fairly optimistic about the economy as summer wound down. Again, the market is now hoping for decent economic readings at this time. (more...)
- August 31, 2016
The Director of Economic Indicators at the Conference Board Lynn Franco commented: "Consumers' assessment of both current business and labor market conditions was considerably more favorable than last month". In the a year ago, this metric has averaged 90.4. Consumers were fairly optimistic about the economy as summer wound down. Again, the market is now hoping for decent economic readings at this time. (more...)
Potash Corp, Agrium talk merger as fertilizer sector struggles
- August 31, 2016
Both companies sell fertilizers and other agricultural products around the world. The talks between Potash and Agrium differ because they are friendly. PotashCorp abandoned a plan to take over German rival K+S AG a year ago after its efforts were rebuffed by management amid regulatory concerns, and after the drop in potash prices prompted the Canadian company to rethink the economics of the deal. (more...)
- August 31, 2016
Both companies sell fertilizers and other agricultural products around the world. The talks between Potash and Agrium differ because they are friendly. PotashCorp abandoned a plan to take over German rival K+S AG a year ago after its efforts were rebuffed by management amid regulatory concerns, and after the drop in potash prices prompted the Canadian company to rethink the economics of the deal. (more...)
US home prices rise in June at slowest pace in 10 months
- August 31, 2016
After seasonal adjustment, the National Index increased 0.2% monthly in June. The southern and western parts of the country continue to see sharp gains, with prices in cities such as Portland and Seattle at all-time highs. "Overall, residential real estate and housing is in good shape", Blitzer said, adding that other sectors of the US economy such as business capital spending continue to show weakness". (more...)
- August 31, 2016
After seasonal adjustment, the National Index increased 0.2% monthly in June. The southern and western parts of the country continue to see sharp gains, with prices in cities such as Portland and Seattle at all-time highs. "Overall, residential real estate and housing is in good shape", Blitzer said, adding that other sectors of the US economy such as business capital spending continue to show weakness". (more...)
French Montana Gave Iggy a Major Ride For $60000
- August 30, 2016
According to TMZ , French spent $60,000 for the private jet, adding that they shared a room in the oceanfront home they rented. The Aussie artist proved she's officially moving on from her former fiancé Nick Young when she planted a wet one on Khloé Kardashian's ex! She called it quits with the 31-year-old National Basketball Association star in June after she reportedly caught him cheating. (more...)
- August 30, 2016
According to TMZ , French spent $60,000 for the private jet, adding that they shared a room in the oceanfront home they rented. The Aussie artist proved she's officially moving on from her former fiancé Nick Young when she planted a wet one on Khloé Kardashian's ex! She called it quits with the 31-year-old National Basketball Association star in June after she reportedly caught him cheating. (more...)
New rules for commercial drone usage go into effect today
- August 30, 2016
Brian Wynne, President and CEO of Association of Unmanned Vehicle Systems International, says the new rules focusing on commercial use of drones that weigh less than 55 pounds will have a big impact. "The company's grown. I actually have an employee now", Farmer said. Earl Lawrence, director of the FAA's drone integration office, also warned requests are being processed manually. (more...)
- August 30, 2016
Brian Wynne, President and CEO of Association of Unmanned Vehicle Systems International, says the new rules focusing on commercial use of drones that weigh less than 55 pounds will have a big impact. "The company's grown. I actually have an employee now", Farmer said. Earl Lawrence, director of the FAA's drone integration office, also warned requests are being processed manually. (more...)
Gold holds overnight gains; USA data back in focus
- August 30, 2016
It traded well above Friday's session low of 94.246 plumbed before Federal Reserve Chair Janet Yellen's upbeat comments on the USA economy and Fed Vice Chair Stanley Fischer's remarks that interest rate hikes were possible this year. The comments from Yellen and Fischer dragged Wall Street lower at the close. The dollar index, which measures the currency against a basket of six majors, rose to 95.804.DXY, just shy of Monday's peak of 95.834 which was its highest since August 12. (more...)
- August 30, 2016
It traded well above Friday's session low of 94.246 plumbed before Federal Reserve Chair Janet Yellen's upbeat comments on the USA economy and Fed Vice Chair Stanley Fischer's remarks that interest rate hikes were possible this year. The comments from Yellen and Fischer dragged Wall Street lower at the close. The dollar index, which measures the currency against a basket of six majors, rose to 95.804.DXY, just shy of Monday's peak of 95.834 which was its highest since August 12. (more...)
Stocks Sag As Fed Officials Signal Rate Hike
- August 30, 2016
Investors are parsing Yellen's every word for clues on interest-rate policy at her speech at a conference in Jackson Hole, Wyo., where central bankers are gathered to discuss the economy. Fischer said on CNBC TV that the Fed was still on track to raise rates this year. Ms Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that such a move could come later this year. (more...)
- August 30, 2016
Investors are parsing Yellen's every word for clues on interest-rate policy at her speech at a conference in Jackson Hole, Wyo., where central bankers are gathered to discuss the economy. Fischer said on CNBC TV that the Fed was still on track to raise rates this year. Ms Yellen did not indicate when the U.S. central bank might raise rates, but her comments reinforced the view that such a move could come later this year. (more...)
Abercrombie & Fitch Q2 Loss Wider Than Estimates; Stock Down
- August 30, 2016
The company expects capital expenditures to be at the low end of the range of $150 million to $175 million for the full year. The net loss attributable to Abercrombie increased to $13.1-million, or 19 cents per share, from $810,000, or 1 cent per share. (more...)
- August 30, 2016
The company expects capital expenditures to be at the low end of the range of $150 million to $175 million for the full year. The net loss attributable to Abercrombie increased to $13.1-million, or 19 cents per share, from $810,000, or 1 cent per share. (more...)
Oil falls on bullish Fed talk and rising dollar
- August 30, 2016
The financial sector of the S&P 500 has gained just 1.8 percent in 2016 versus a 6.7 percent increase for the broader index . Leading into the symposium, several Federal Reserve members had given hawkish speeches, hinting of impending interest rate rises. (more...)
- August 30, 2016
The financial sector of the S&P 500 has gained just 1.8 percent in 2016 versus a 6.7 percent increase for the broader index . Leading into the symposium, several Federal Reserve members had given hawkish speeches, hinting of impending interest rate rises. (more...)
Asian stocks mostly rise on hopes for higher US rates
- August 30, 2016
WALL STREET: The Dow Jones industrial average rose 107.59 points, or 0.6 percent, to 18,502.99. The sector typically rises with talk of higher rates, on the expectation that banks' income could rise as they charge more for loans. Aside from the easing policy measures, the Bank had also made a decision to purchase exchange-traded funds to increase its outstanding amount at an annual pace of 6 trillion yen and to buy Japanese government bonds to increase its outstanding amount at an annual ... (more...)
- August 30, 2016
WALL STREET: The Dow Jones industrial average rose 107.59 points, or 0.6 percent, to 18,502.99. The sector typically rises with talk of higher rates, on the expectation that banks' income could rise as they charge more for loans. Aside from the easing policy measures, the Bank had also made a decision to purchase exchange-traded funds to increase its outstanding amount at an annual pace of 6 trillion yen and to buy Japanese government bonds to increase its outstanding amount at an annual ... (more...)
Comic performer Gene Wilder kept his serious side off camera
- August 30, 2016
The actor, who made his acting debut in 1960's, was twice nominated for Oscar for his role in 'The Producers'and for co-penning 'Young Frankenstein'. Billy Crystal said: " Gene Wilder was a giant of comedy". Actor/singer Harry Connick, Jr. posted: "so sad to learn of the passing of my good friend, gene wilder . such an incredible man. i'll miss you", and funnyman Ricky Gervais quoted Wilder's Willy Wonka character in his tribute, writing, "Good Day Sir!" Wilder breathed his last on ... (more...)
- August 30, 2016
The actor, who made his acting debut in 1960's, was twice nominated for Oscar for his role in 'The Producers'and for co-penning 'Young Frankenstein'. Billy Crystal said: " Gene Wilder was a giant of comedy". Actor/singer Harry Connick, Jr. posted: "so sad to learn of the passing of my good friend, gene wilder . such an incredible man. i'll miss you", and funnyman Ricky Gervais quoted Wilder's Willy Wonka character in his tribute, writing, "Good Day Sir!" Wilder breathed his last on ... (more...)
Mike Pence Says Donald Trump's Immigration Policy Is Steady
- August 30, 2016
Across the Sunday news shows, a parade of Trump stand-ins, led by vice presidential nominee Mike Pence, couldn't say whether Trump was sticking with or changing a central promise to use a "deportation force" to expel immigrants here illegally. (more...)
- August 30, 2016
Across the Sunday news shows, a parade of Trump stand-ins, led by vice presidential nominee Mike Pence, couldn't say whether Trump was sticking with or changing a central promise to use a "deportation force" to expel immigrants here illegally. (more...)
FAA releases new commercial drone guidelines
- August 30, 2016
Brian Wynne, President and CEO of Association of Unmanned Vehicle Systems International, says the new rules focusing on commercial use of drones that weigh less than 55 pounds will have a big impact. All drones must be registered to fly. To comply with prior FAA rules, Virtuance used licensed pilots and followed strict guidelines. Before August 29, 2016, anyone looking to fly drones - not as a hobby - needed to have a private pilot license. (more...)
- August 30, 2016
Brian Wynne, President and CEO of Association of Unmanned Vehicle Systems International, says the new rules focusing on commercial use of drones that weigh less than 55 pounds will have a big impact. All drones must be registered to fly. To comply with prior FAA rules, Virtuance used licensed pilots and followed strict guidelines. Before August 29, 2016, anyone looking to fly drones - not as a hobby - needed to have a private pilot license. (more...)
IPhone7 set for September 7 launch and the rumours are buzzing
- August 30, 2016
Invitations to the event were sent out this morning, with Apple simply saying "See you on the 7th", The Verge says. Apple is expected to give the inside of the phone its typical touch up, with better memory, a faster processor and better cameras. (more...)
- August 30, 2016
Invitations to the event were sent out this morning, with Apple simply saying "See you on the 7th", The Verge says. Apple is expected to give the inside of the phone its typical touch up, with better memory, a faster processor and better cameras. (more...)
Latest news
European governments move to veto Facebook's Libra