Markets


Rio 2016: Carmelo Anthony ends worldwide career after third gold Rio 2016: Carmelo Anthony ends worldwide career after third gold
- August 31, 2016

Taurasi then hit consecutive 3-pointers - her first points of the game - as the Americans scored 10 straight. The U.S. Olympic men's basketball team ended up right where expected. The Warriors' trio of Durant, Klay Thompson, and Draymond Green will now move on to their next goal of winning an National Basketball Association championship this season for the Warriors. (more...)
Brazil's Rousseff defends self ahead of Senate's ouster vote Brazil's Rousseff defends self ahead of Senate's ouster vote
- August 31, 2016

Brazilian senators have finished questioning suspended President Dilma Rousseff in her impeachment trial. "I've come to look your excellencies in the eye and to say that I did not commit a crime", Rousseff, said in a calm, firm voice. On Monday, several hundred supporters demonstrated outside Congress, cheering when Rousseff arrived. Since then, her then vice president Michel Temer has taken Brazil's top seat as acting president. (more...)
USA predicts 600000 commercial drones will fly U.S. skies in a year USA predicts 600000 commercial drones will fly U.S. skies in a year
- August 31, 2016

They include operating drones weighing no more than 55 pounds, keeping them at an altitude below 400 feet, and at speeds no faster than 100 miles per hour. The future of UAVs comes down to how light the technology can be made, Cowling said to Rigzone. Drones are appealing because they provide aerial photos and video at a fraction of the cost of traditional methods. (more...)
US bank earnings in Q2 climbed 1.4 per cent to $43.6B US bank earnings in Q2 climbed 1.4 per cent to $43.6B
- August 31, 2016

But some other banks have been allocating more money to loan-loss reserves, too, reflecting negative and positive trends in lending, said Rose Oswald Poels, president and chief executive of the Wisconsin Bankers Association, in an interview. (more...)
Outer Banks crowds thin as tropical system nears
- August 31, 2016

The forecast calls for the weather system to drift towards the north and west through Tuesday and Wednesday while gaining strength and becoming a tropical storm in the process. Authorities issued a hurricane watch for Hawaii County and said interests elsewhere in the main Hawaiian Islands should monitor the storm's progress. (more...)
Krasney Financial buys $7822252 stake in Exxon Mobil Corporation (XOM) Krasney Financial buys $7822252 stake in Exxon Mobil Corporation (XOM)
- August 31, 2016

Exxon Mobil Corp.'s quarterly revenue was down 22.2% compared to the same quarter a year ago. A Vice President at Exxon Mobil Corporation (XOM) sold shares in a trading activity completed on Wednesday August 24, 2016. The company reported its last earnings on Jul 21 AMC and will report its next earnings on 3-Nov-16. The company's revenue was down -22.2 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $1.00 EPS. (more...)
Analyst's Focused Stocks: Exxon Mobil Corporation (NYSE:XOM) , Olin Corporation (NYSE:OLN) Analyst's Focused Stocks: Exxon Mobil Corporation (NYSE:XOM) , Olin Corporation (NYSE:OLN)
- August 31, 2016

BofA/Merrill issued their verdict on Exxon Mobil Corporation (NYSE:XOM) recently. Geode Capital Management LLC now owns 35,360,347 shares of the company's stock valued at $2,950,065,000 after buying an additional 879,369 shares during the last quarter. (more...)
Mylan hopes generic EpiPen will end pricing controversy
- August 31, 2016

Patients everywhere have been experiencing sticker shock with the recent price increase of the EpiPen and now with news that a generic cheaper alternative will finally be available at your local pharmacy it has people talking even more . (more...)
Asia stocks bounce, dollar dips on Fed hike doubts Asia stocks bounce, dollar dips on Fed hike doubts
- August 31, 2016

Financial shares in the S&P 500 rose 1%. Market expectations for a Fed rate hike in September were at 30 percent Monday, after hovering close to 18 percent for most of last week, according to the CME Group's FedWatch tool . Oil markets fell Monday, weighed in part by a rising dollar, as USA crude (New York Mercantile Exchange: @CL.1) fell more than 1.5 percent to $46.87 a barrel. (more...)
US House Committee requests EpiPen documents from Mylan US House Committee requests EpiPen documents from Mylan
- August 31, 2016

Mylan acquired the product in 1997, when two pens were $94. The raging debate over EpiPen pricing has offered a surprisingly wide window into the complicated world of prescription drug pricing, in which powerful drug companies, pharmacy benefit managers, insurers and federal health programs all play a major role. (more...)
Bank of Nova Scotia (BNS) to Release Earnings on Tuesday Bank of Nova Scotia (BNS) to Release Earnings on Tuesday
- August 31, 2016

Scotiabank's provision for credit losses fell to C$571 million, a C$181 million decline from the last quarter. Toronto-based Scotiabank's results finish off a Canadian bank earnings season where numerous largest banks, signaling that their exposure to failing energy loans is under control, reported higher third-quarter earnings while continuing to be weighed down by sluggish Canadian economic growth linked to crude-oil prices. (more...)
Detroit Father Leaves Small Children in Car While He Gambles Detroit Father Leaves Small Children in Car While He Gambles
- August 31, 2016

The temperature in Detroit was around 77 degrees when the children were discovered locked inside a 2011 Ford Focus. Police told 7 Action News at the time the children were found it was 75 degrees but inside the auto, it could have reached as high as 120 degrees. (more...)
Dollar at One-Month High as Investors Mull US Rate Path Dollar at One-Month High as Investors Mull US Rate Path
- August 31, 2016

The Conference Board's consumer confidence index edged up to 101.1 in August from 96.7 in July, beating estimates of 97.0. Fed Reserve vice chair Stanley Fischer told Bloomberg on Tuesday that while negative interest rates seem to be working in other countries, the U.S. (more...)
Oil prices rise as dollar comes off two-week high Oil prices rise as dollar comes off two-week high
- August 31, 2016

A stronger dollar tends to make greenback-denominated commodities such as oil costlier for holders of euro and other currencies. Lee's remarks coincide with Iraq once more proving its determination to prevail in the global market: Reuters reports that Iraq's State Oil Marketing Organization will consider selling its crude through Iran should impending talks with Turkey fall through. (more...)
Apple hit by record 13 bn euro European Union tax bill Apple hit by record 13 bn euro European Union tax bill
- August 31, 2016

CEO Tim Cook argues that because Apple complied with Irish tax authorities, there shouldn't be any penalties applied, and Cook is confident that Apple's case will "ultimately prevail". Further probes will have a deep impact on how these American companies do business in Europe, and indeed globally, and on the EU-US economic relationship but just how successful the Commission will be is the big question moving forward. (more...)
Gold falls as rate rise expectations grow (again) Gold falls as rate rise expectations grow (again)
- August 31, 2016

He reiterated that Fed rate increases will be data dependent without giving a specific timeline. The report is expected to show employers added 180,000 jobs in August, according to a Reuters poll of economists. "It depends entirely on what happens in the economy". The central bank's Federal Open Market Committee will take up the subject of potential rate hikes when it meets again from September 20-21. (more...)
Clinton's Lead Cut in Half in New National Poll Clinton's Lead Cut in Half in New National Poll
- August 31, 2016

Republican presidential nominee Donald Trump's latest ad focuses on the economic prospects for the middle class, and how his campaign says life would be different under a Trump administration compared to a Hillary Clinton presidency. It's not, I assume, that Trump is winning fans. Also Monday, former KKK Grand Wizard and now U.S. Senate candidate David Duke released a campaign robocall, linking himself to Trump. (more...)
Bengals release punt return leader Brandon Tate Bengals release punt return leader Brandon Tate
- August 31, 2016

Everyone was kind of surprised Week One". Tate became expendable with the emergence of undrafted rookie Alex Erickson, who leads the Bengals with three preseason touchdowns (including a punt return touchdown in the preseason opener). Thompson suffered a knee injury in the final game last season. He suffered a knee injury during practice on August 10. Alford suffered an ankle injury in the August 12 Minnesota game. (more...)
Mylan to offer generic EpiPen Mylan to offer generic EpiPen
- August 31, 2016

However, Robert Weissman from consumer rights group Public Citizen said offering a cheaper generic version alongside a branded pricier version is a "signal that something is wrong". A generic competitor was expected in 2015 but has been delayed. None is likely to hit the USA market until well into next year. Mylan says it should have it available in the next few weeks. (more...)
USA brings in 10000 Syrian refugees ahead of schedule
- August 31, 2016

The U.S. met a key Syrian refugee pledge Monday when it accepted the 10,000th asylum-seeker from the war-torn country, Secretary of State John Kerry said. "That's the kind of screening that every refugee applicant is subjected to, and we were able to meet this goal without cutting any corners", Earnest said. (more...)

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