Markets


Retailers scramble as shipper bankruptcy puts goods in limbo Retailers scramble as shipper bankruptcy puts goods in limbo
- September 03, 2016

Container Transport Alliance Australia (CTAA) reports that empty container parks are "taking varying operational approaches to dealing with the situation", with business rules being adapted depending on the changing circumstances in each ECP. (more...)
$14.5 billion European Union tax ruling on Apple total political crap: Tim Cook
- September 03, 2016

Treasury Secretary Jack Lew warned in a letter to her that an action against Apple , as well at those already taken against Starbucks (SBUX) and Fiat Finance and Trade LTD S.A. Not every foray Tim Cook made into enlarging the company's product range proved a success, though. "Clearly the sovereignty of the country is at stake and the rule of law and sovereignty of law are at stake". (more...)
Hermine hits Florida coast as 1st hurricane in a decade
- September 03, 2016

An estimated 325,000 people were without power statewide and more than 107,000 in neighboring Georgia, officials said. Police had the road blocked because of flooding. It created a landfall in northern Florida. In addition to powerful winds extending up to 295km from its centre, Hermine was expected to unleash a unsafe storm surge in the Hampton Roads area of tidewater Virginia. (more...)
FDA says there is no proof ingredients in antibacterial soaps work
- September 03, 2016

Sorry, that antibacterial soap isn't doing anything more to clean you up than any other plain bar of soap. That's according to the U.S. Food and Drug Administration, which announced Friday that soap companies have one year to take the so-called antibacterial ingredients out of consumer products. (more...)
Libertarian presidential candidate holding rally in Des Moines Libertarian presidential candidate holding rally in Des Moines
- September 03, 2016

Libertarian Party activists in OH, hoping to get party nominee Gary Johnson on Ohio's ballot, said they submitted petition signatures Tuesday, Aug. 9, 2016, for Charlie Earl, a 2014 candidate for governor, as a placeholder because they began collecting signatures before Johnson's nomination. (more...)
After Beyonce video, Serena Williams dancing some more After Beyonce video, Serena Williams dancing some more
- September 03, 2016

The roof remained closed at Arthur Ashe Stadium Thursday evening even though there was nary a raindrop in sight outside the dome. Game. Set. Match! Serena Williams has some fantastic moves! "I've had some ups and downs this year but you know.I always just try to come back and do the best that I can", she added. (more...)
Serena Williams shows off her twerking skills in new Delta Airlines video Serena Williams shows off her twerking skills in new Delta Airlines video
- September 03, 2016

And a great one. The top-ranked athlete began her bid for a record-breaking 23rd major title in the us open this week. And while Williams knew Navratilova was "on the horizon", and admits it's "a really cool milestone", what she's never allowed herself to dwell on is the impact she's having on all those aforementioned young girls growing up. (more...)
US hiring slows to 151K jobs in August; Fed hike less likely US hiring slows to 151K jobs in August; Fed hike less likely
- September 03, 2016

Financial markets on Friday were pricing in a roughly 21 percent chance of a rate hike this month and a 54.2 percent probability in December, according to the CME Fedwatch tool. Wage gains that had finally begun to materialize also eased up. The 5-year/5-year rate reflects expected inflation over the five year period beginning five years from today. (more...)
Ireland to join Apple in appeal against £11BILLION European Commission's tax ruling
- September 03, 2016

But he said the decision may spur Congress to finally address the stalled effort to reform America's corporate tax structure. Deputy leader of opposition party Sinn Fein, Mary Lou McDonald, said the decision to allow Apple to pay such little tax "demonstrates an absolute disregard and disdain for citizens, fair play and tax justice". (more...)
Naked Trump Statue To Be Auctioned, Profits Go Towards Immigration Naked Trump Statue To Be Auctioned, Profits Go Towards Immigration
- September 03, 2016

Brainwash and Invader. Ironically, the National Immigration Forum , a group that advocates for immigration rights, will receive a portion of the proceeds from the upcoming auction. "The explicit statue quickly became a symbol of political protest art", CNBC quotes Julian's Auctions as stating. The Trump campaign declined to comment on the statues Thursday, including whether Trump or his affiliates planned to bid at the auction. (more...)
U.K. Construction-Sector PMI Beats Forecasts But Higher Prices Loom
- September 03, 2016

The pound extended gains after data showed U.S.jobs growth in August falling short of expectations, reducing the likelihood that the Federal Reserve will raise rates later this month. Improved sales volumes to markets such as the US, Europe, China, South-East Asia, the Middle-East and Norway, led to a further increase in new export business during August. (more...)
Victim's letter to resonate long after Turner's release Victim's letter to resonate long after Turner's release
- September 03, 2016

Turner left jail on Friday and will return to his hometown in Ohio . "We need judges who understand sexual assault and violence against women", said Stanford law professor Michele Dauber, a friend of Turner's victim and the chair of the recall campaign. (more...)
Samsung halts Galaxy Note 7 sales after battery explosions
- September 03, 2016

In a statement about the matter, Samsung said it is "committed to producing the highest quality products and we take every incident report from our valued customers very seriously". The company's shares rose 0.8 per cent early Friday after falling 2 per cent the day before. The world's largest mobile phone maker may well be on its way to recall the already sold Note 7 models that were launched in markets including the United States and South Korea, mid last month, however an official ... (more...)
Colin Kaepernick -- Announces $1 Million Donation
- September 03, 2016

Long says Kaepernick is free to sit, stand or kneel because of vets who fought for that freedom. Fans in the sparse crowd chanted "U-S-A!" "Maybe he should find a country that works better for him, let him try, it's not gonna happen", Trump said. (more...)
With August real estate numbers due tomorrow, what can we expect? With August real estate numbers due tomorrow, what can we expect?
- September 03, 2016

Home sales fell in the region by 26 per cent in August compared to the same month previous year, according to figures released Friday from the REBGV. William Strange, a professor at the University of Toronto's Rotman School of Management, said housing markets are driven by a number of factors and it can be a mistake to single out any one influence. (more...)
Macau gambling revenue breaks 2-year downward trend with August rise Macau gambling revenue breaks 2-year downward trend with August rise
- September 03, 2016

Similarly, the company's last 5 years high P/E ratio is 36.02 and low P/E is 20.73, whereas, the industry's and sector's high P/E for the past year is 43.06 and 26.9 respectively and low P/E ratio for the last 5 years is 13.5 for the industry and 14.27 for the Sector. (more...)
U.S. Government Bonds Reverse Gains After Yellen Remarks U.S. Government Bonds Reverse Gains After Yellen Remarks
- September 03, 2016

The case for increasing US interest rates has "strengthened in recent months", Janet Yellen, the chairperson at the US Federal Reserve said. But she stopped short of offering any timetable. Fischer, the Fed's No. 2 policymaker, said Friday's nonfarm payrolls report for August will likely weigh on the decision over a hike. "So, as long as there's no downside shocks, the economy is moving in the direction where a rate hike is more appropriate", said John Briggs, head of strategy at RBS. (more...)
Gold slides to two-month low after upbeat U.S. jobs data Gold slides to two-month low after upbeat U.S. jobs data
- September 03, 2016

That increased speculation that an interest rate increase is more likely this year. - US ADP non-farm payrolls - often seen as a precursor to Friday's numbers - were a better-than-expected 177,000. They fell 1.27 percent to 943.23 tonnes on Wednesday and were down 1.6 percent for the month. "If the August figure resembles the last two months, the Fed goes this month", he wrote in a note on Thursday. (more...)
M20 re-opens with 50mph speed limit following bridge collapse
- September 03, 2016

A motorcyclist was hurt but his injuries are not life-threatening and the driver of the second lorry had to be treated for shock. Alex Magaisa was driving past the lorry involved just as the bridge collapsed, with his wife and two young sons in the auto. (more...)
Elon Musk's Tesla, SolarCity Are Short on Cash Amid Merger
- September 03, 2016

Musk says that the improvements have primarily been made possible through advanced processing of radar signals. There are several sources Tesla can generate cash from, first of all, deliveries of vehicles, customer deposits for vehicles, selling of regulatory credits, proceeds collected form retail financing activities, sales of its energy products - Powerwall and Powerpack, and non-warranty fix and vehicle maintenance services. (more...)

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