Markets


Gold price edges higher, weaker dollar supports Gold price edges higher, weaker dollar supports
- September 09, 2016

U.S. services sector activity slowed to a six-and-a-half-year low in August amid sharp drops in production and orders, pointing to slower economic growth that further diminished prospects for a near-term interest rate increase. But with the dollar looking weaker, we would not be surprised if gold prices work higher. Fed fund futures prices showed tradersnow see a 57 percent chance of at least one interest rate increase from the Fed by December, up from just under 47 percent on Wednesday. (more...)
Gold holds overnight gains; U.S. data back in focus
- September 09, 2016

Citigroup also noted that the performance of the rupee in previous episodes of US Fed rate hikes has been mixed and it has been more linked to India's own current account deficit than the Fed rate cycle. "We read Chair Yellen's comments as being in line with other FOMC communications in recent weeks that have consistently sounded hawkish, with most committee members stating that at least one rate hike this year is warranted", Gapen wrote. (more...)
Lexus UX Concept to be Revealed at the 2016 Paris Motor Show Lexus UX Concept to be Revealed at the 2016 Paris Motor Show
- September 09, 2016

More information will be revealed at the Paris motor show on 29 September. The trademarks suggest a three-drivetrain lineup consisting of two gasoline, four-cylinder engines and a hybrid model. Flared wheel arches, muscular haunches and huge alloys wheels are its distinctive features. The Japanese brand also mentions that the concept showcases "imaginative technologies for an immersive driver experience, while the interior marries traditional craftsmanship with high-tech manufacturing ... (more...)
Active Shooting in Alpine, Texas, 1 Student Shot, 1 Took Own Life
- September 09, 2016

Relatives told of the girl had only been living in the town for six months. She was a freshman at the school, he said , but he declined to provide other details. The district's superintendent says counselors and clergy will be available when students return to campus Monday. Law enforcement officials said the process will take some time. (more...)
US tries rescue mission in Afghanistan, hostages not found US tries rescue mission in Afghanistan, hostages not found
- September 09, 2016

When approval was granted by President Obama the next day, the American assault force headed back to the area where they believed the two hostages were being held and engaged an enemy force at a compound believed to contain the hostages. Officials would not provide the precise timing or location of the rescue attempt because they said it could jeopardize any possible future operations. (more...)
Apple launches water resistant iPhone 7 and 7 Plus
- September 09, 2016

The iPhone 7 and iPhone 7 Plus come out September 16. And so, as everyone predicted, Apple has elected to omit the 3.5-mm headphone jack from its new iPhone 7, which was unveiled yesterday . How do I plug the AirPods into my iPhone 7? . Below, we've listed what they are and how exactly they'll work. These are AirPods , the new wireless headphones that go on sale separately for $299 in October. (more...)
Mercedes-Benz Helps Power The Future of Delivery with the Robovan Mercedes-Benz Helps Power The Future of Delivery with the Robovan
- September 09, 2016

Powered by a 75kW engine, he says "the Vision Van not only operates locally emission-free, it also moves nearly silently". One interesting element is the use of drones to pick up and deliver packages. The interconnected cargo space systems load the vehicle with all pre-picked parcels in one go, cutting loading times considerably and reducing the amount of vehicle downtime at distribution centers. (more...)
Fiat Chrysler Automobiles NV (FCAU) Upgraded to Fiat Chrysler Automobiles NV (FCAU) Upgraded to "Sell" at Vetr Inc
- September 09, 2016

Ladenburg Thalmann Financial Services Inc. boosted its position in Fiat Chrysler Automobiles NV by 2.7% in the first quarter. For the current week, the company shares have a recommendation consensus of Buy. 0 analysts have suggested "Sell" for the company. The business had revenue of $27.89 billion for the quarter, compared to analyst estimates of $28.89 billion. (more...)
US, South Korea Vow to Uphold UN Sanctions on North Korea
- September 09, 2016

The council further called for countries to "redouble their efforts" to implement UNSC Resolution 2270 adopted in March, implementing the toughest-ever sanctions on North Korea following its fourth nuclear test and long-range missile launch at the beginning of the year. (more...)
Kerry heads to Geneva for Syria talks with Russian FM Kerry heads to Geneva for Syria talks with Russian FM
- September 09, 2016

Moscow warned that Turkey's incursion into northern Syria was complicating peace efforts, underscoring that the operation has not been sanctioned by the U.N. This would be followed by the establishment of a transitional government body and the departure of Assad "and his clique", according to HNC chief Riad Hijab. (more...)
Barnes & Noble sales fall 6.6 pct as Nook sales decline Barnes & Noble sales fall 6.6 pct as Nook sales decline
- September 09, 2016

Sidoti began new coverage on Barnes & Noble Education giving the company a "neutral" rating. The company reported a net loss of $27.9 million, which was $1 million more than its losses from the previous year's fiscal first quarter. Rating Scale; where 1.0 rating means Strong Buy, 2.0 rating signify Buy, 3.0 recommendation reveals Hold, 4.0 rating score shows Sell and 5.0 displays Strong Sell signal. (more...)
Energy Giant Created In $127Bn Spectra Enbridge Merger
- September 09, 2016

JPMorgan Chase & Co. reiterated a buy rating on shares of Spectra Energy Partners, in a report on Sunday, May 29th. 5 year sales growth rate is an important factor for valuation analysis, the 5 year sales growth of Spectra Energy Corp (NYSE:SE) stands at 1.14 while the industry's and the sector's growth for next 5 years ticked at 6.26 and 5.01 respectively. (more...)
British Airways Systems Down, Causing Worldwide Delays
- September 09, 2016

A similar malfunction affected Southwest Airlines in July , forcing it to cancel about 2,300 flights over four days. "We are checking in customers this morning as normal, although it may take longer than usual", BA said in a Tuesday statement . (more...)
Oil prices up in world market Oil prices up in world market
- September 09, 2016

U.S. crude stocks dropped by 14.5 million barrels last week to 511.6 million barrels, the biggest weekly drop in stockpiles since January 1999, according to the U.S. Iran is ready to raise its output to four million barrels per day in a couple of months depending on market demand, a senior official from the National Iranian Oil Company said. (more...)
Slowdown in Job Creation Keeps Traders Guessing on Rates Slowdown in Job Creation Keeps Traders Guessing on Rates
- September 09, 2016

Another blockbuster jobs report Friday could have a particularly big impact on the economy by making it more likely the Federal Reserve will raise short-term interest rates , possibly as soon as this month. Employment slowed at private service providers, with payrolls in professional and business services posting the smallest gain since a decrease in January. (more...)
Hanjin Shipping Rebounds As Creditors Talk Of Funding Support Again
- September 09, 2016

South Korea's Hanjin Shipping Co. containers are seen in the Port of Long Beach, Calif., on Thursday, Sep 1, 2016. "The government agreed to provide cheap long-term loans to Hanjin Shipping if Hanjin Group or Chairman Cho Yang-ho offer loan securities that have asset value in Hanjin Shipping ", said Saenuri policy chief Kim Gwang-lim after attending a ruling party-government meeting on September 6. (more...)
Analyst's Estimates on Shares' Price: Chevron Corporation (NYSE:CVX)
- September 09, 2016

After trading began at $43.74, the stock was seen striking at $43.88 as its peak price and $43.57 as its lowest price. The share price of the stock surged 25.73% for the year. During the same period a year ago, the firm earned $0.30 earnings per share. Strong Sell. Investors might also notice that two months ago the Buy recommendations (0) were less than Sell recommendations (3). (more...)
Mahindra, Ola enter partnership, target vehicle financing of Rs 2600 cr Mahindra, Ola enter partnership, target vehicle financing of Rs 2600 cr
- September 09, 2016

If the alliance works out as planned, it will give be a big boost to Mahindra, as it has been struggling with its only auto model Verito, managing to sell around 200 units a month. It will also support drivers with accident insurance and scholarships for their children. M&M is the flagship company of the Mahindra Group, a multinational conglomerate based in Mumbai , India. (more...)
US average 30-year mortgage rate declines to 3.44 percent US average 30-year mortgage rate declines to 3.44 percent
- September 09, 2016

It is also down from last year's 2.91%. Mortgage rates increased slightly but continued to hover near historic lows. According to the latest Mortgage Bankers Association (MBA) data, USA mortgage applications printed at a seasonally-adjusted 0.9 percent for the latest week ending September 2nd, following a 2.8 percent gain in the previous week. (more...)
Derbyshire Based Sports Direct Opens Warehouse Doors For AGM
- September 09, 2016

Ashley's temper appeared to fray as he said: "It's your fault we're in this mess", and claimed his company was trying to turn round working conditions. Shareholder Royal London said Hellawell's position was untenable. During a tour of the company's Shirebrook warehouse, Mr Ashley said he did not "knowingly" or "deliberately" run the operation badly, adding that the firm's rapid growth and the sheer scale of the business had made it hard to get it right. (more...)