Markets


US jobs growth slows, throwing timing of Fed rate hike in doubt US jobs growth slows, throwing timing of Fed rate hike in doubt
- September 15, 2016

The year-over-year increase was 2.4 percent, compared with 2.7 percent in the 12 months through July. CURRENCIES: The dollar strengthened to 103.47 yen from 103.26 yen in late trading Thursday. The 5-year/5-year rate reflects expected inflation over the five year period beginning five years from today. "While construction was little changed as a whole, residential construction jobs were added while non-residential construction jobs were lost", said Danielle Hale, the National Association ... (more...)
What Wall Street is saying about Paypal Holdings Inc (NASDAQ:PYPL)
- September 15, 2016

And roundups of analyst notes show that 13 are rating the stock a buy while 11 rate PYPL a strong buy. This rating has held steady since September, when it was unchanged from a buy rating. The price-earnings ratio (P/E Ratio) is the ratio for valuing a company that measures its current share price relative to its per-share earnings. The disclosure for this sale can be found here. (more...)
Samsung halting some Galaxy Note 7 shipments following multiple user device explosions
- September 15, 2016

Whenever you walk into an electronics shop or cellular provider and find an empty spot where a flagship sits, it generally means the device is popular and sold out. Samsung did not elaborate on what required the company to decide to conduct additional tests for quality control, but for those who have been following the recent news on the Galaxy Note 7 , it would be a sound assumption to link the delayed shipments to the reports of exploding batteries for the device. (more...)
Bayer buying Monsanto, will create global chemical, ag giant
- September 15, 2016

It was the third time in four months that Bayer returned with a richer offer to sell the acquisition to Monsanto , and hopefully, its shareholders. The deal must still get the nod from both Monsanto shareholders and regulators, who in the USA have recently rejected a pair of megadeals in the health sector. (more...)
United States and Israel sign record $38bn military aid deal
- September 15, 2016

It will be the largest sum of military assistance the US has ever pledged to another country. The Israeli leader has spoken without a presidential invitation before the U.S. "Under our old agreement Israel was allowed to develop cutting-edge military technology and was required to share this technology with the United States", he said. (more...)
Tropical Storm Julia dumping heavy rain on Florida, Georgia
- September 15, 2016

Whether or not Julia weakens, strengthens or lingers as a minimal tropical storm will depend on the path the system takes over the next several days, Accu Weather hurricane expert Dan Kottlowski said. The storm was located near Brunswick, Georgia, at 8 a.m. Wednesday. Rossiter walked to school Wednesday morning in stiff, swirling winds and a steady drizzle, he said. (more...)
United Kingdom interest rates left unchanged at 0.25% United Kingdom interest rates left unchanged at 0.25%
- September 15, 2016

Two rate-setters who last month opposed the expansion of the government bond buying programme said they still did not think it was needed, but voted in line with their colleagues because reversing the decision now would be too disruptive. At its September meeting, the Monetary Policy Committee voted unanimously to keep interest rates at the historic low of 0.25%. In its analysis, the MPC said if the outlook in November are "broadly consistent" with the projections published last month, when ... (more...)
Atlanta Fed president leaving in February
- September 15, 2016

The central bank slashed rates to near zero in 2008 and only lifted the target range for the benchmark policy rate in December to 0.25 per cent to 0.5 per cent. Some officials have anxious that persistently weak growth and low inflation will require a fundamental rethinking of the Fed's strategy, and Lockhart's replacement will confront deep ideological differences among the central bank's top ranks. (more...)
Montgomery County biotechnology firm to be acquired for $639 million
- September 15, 2016

VTP-38543 is a phase IIa topical liver X receptor beta selective agonist for atopic dermatitis. Both companies' Boards gave a green signal to the transaction, which is expected to close by this year end. Allergan , the maker of Botox, said that Psoriasis, which affects approximately 7.5 million people in the USA, is a chronic autoimmune disorder affecting the skin. (more...)
Libyans hope to export from oil terminals seized by general Libyans hope to export from oil terminals seized by general
- September 15, 2016

A fire next to the Libyan cement factory is seen during clashes between military forces loyal to Libya's eastern government, who are backed by the locals, and the Shura Council of Libyan Revolutionaries, an alliance of former anti-Gaddafi rebels, who have joined forces with the Islamist group Ansar al-Sharia, in Benghazi, Libya April 15, 2016. (more...)
Bayer to buy Monsanto in major deal for world food
- September 15, 2016

The companies stated in a press release that the per share all-cash transaction is a 44 percent premium to shareholders, based on Monsanto's closing share price as reported on the day before Bayer's first written proposal on May 9, 2016. (more...)
An end to wage stagnation: American incomes jump 5.2%
- September 15, 2016

In contrast, the top 20 percent of American households by income received a 5.3 percent boost to their incomes in the same five years on average, with the top 5 percent of households experiencing even bigger gains: 8.3 percent. I have been predicting for a while that Americans would finally get a raise sometime soon, after years and years of income stagnation. The Republican nominee has also attacked the Affordable Care Act, suggesting that it "has raised the economic uncertainty of every ... (more...)
Stocks skid as weaker forecast sends oil prices lower
- September 15, 2016

BONDS, CURRENCIES: U.S. government bond prices fell. WALL STREET: The Dow Jones industrial average gave up 1.4 percent to 18,066.75. Economists say December is the most likely time for the Fed to hike rates for the first time this year. Chambers has been its CEO since 2013. Weight Watchers more than doubled after the company announced an alliance with Oprah Winfrey, who bought a 10 percent stake and joined the company's board of directors. (more...)
US Set to Provide Israel with Largest Military Aid Package Ever
- September 15, 2016

Israel drove a hard bargain for months in negotiations with the United States over the terms of a new military aid deal, pushing for more funding and other concessions. Under the previous arrangement, Congress approved funds for missile defence separately and on an annual basis. The American Israel Public Affairs Committee, the biggest pro-Israel lobbying group, praised Mr Obama for completing the deal and said it would send "a strong message of deter- rence" to Israel's enemies. (more...)
Shares crumble as oil falls, bond yields soar on stimulus doubts Shares crumble as oil falls, bond yields soar on stimulus doubts
- September 15, 2016

But any sense of calm in markets looked fragile after three volatile trading days that saw bond yields soar and stocks rack up heavy losses, on concern monetary policy was reaching its limits as a tool to lift the global economy. "Market participants are wondering if maybe [Brainard] is being wheeled out to give the market one last warning of a rate hike at next week's meeting", said Marshall Gittler, head of research at broker FXPRIMUS. (more...)
Smyly gets win, Ramirez homers as Rays beat Jays 6-2
- September 15, 2016

Cobb (1-0), who was making his third start since returning from Tommy John surgery, allowed one run, two hits and three walks in 6 2/3 innings. The Jays open and close the season against the AL East, starting with a two-game series at Baltimore April 3 and 5, with the traditional off-day scheduled after opening day (for outdoor venues) in case of a rainout. (more...)
Economy Watch: Household Income Posts Record Growth in 2015
- September 15, 2016

The median household income for Florida is 10percent below where it was in 2007. The median is the middle point in which half of households would make more money, while half would fall below that point. When compared to 2014, almost 4 million people gained coverage during the year. She'll likely also mention additional information found in the Census Bureau report, including that only about 9 percent of Americans are not insured, and the median income is just 2.4 percent below the all-time ... (more...)
Pastor chastises Donald Trump for politicising event
- September 15, 2016

Timmons walked up and interrupted: "Mr. Trump, I invited you here to thank us for what we've done for Flint, not give a political speech". Timmons, in a statement provided at the event, noted her church welcomes "all people", CNN reported. (more...)
Samsung China to recall 1858 Galaxy Note 7 smartphones: watchdog Samsung China to recall 1858 Galaxy Note 7 smartphones: watchdog
- September 15, 2016

The software update, which will be automatic, will begin at 2 a.m. local time on September 20, Samsung said in a statement. Samsung said Wednesday it was doing its best to push through a challenging recall of its Galaxy Note 7 smartphones, as it offered a software fix to jolt users into returning defective devices. (more...)
Singapore Airlines cast latest shadow over Airbus A380 Singapore Airlines cast latest shadow over Airbus A380
- September 15, 2016

The airlines, however, does have orders for five separate A380s with Airbus , which will start being delivered in the second half of 2017. SIA, which at present has 19 A380s in its fleet, said the decision not to extend the lease was the result of a regular review of its fleet requirements. (more...)

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