Markets


Stocks climb, $US falls as rates held Stocks climb, $US falls as rates held
- September 25, 2016

The Australian dollar has climbed to a two-week high against the green back, as the US dollar weakened on the US Fed's decision. Crucially, the Fed also projected a less aggressive rise in rates next year and in 2018, fanning expectations bond yields will stay low in the foreseeable future. (more...)
Samsung Note 2 catches fire mid air
- September 25, 2016

The budget passenger carrier said the aircraft made a normal landing at Chennai airport, and that all passengers were deplaned as per normal procedure. "IndiGo has voluntarily informed the DGCA". "Passengers have also been advised not to stow them in their checked in baggage". Samsung is now busy with the global recall of the Galaxy Note7 smartphone due to reports of exploding batteries all over the world. (more...)
Twitter reacts: Too many toffees? Quality Street discontinues one of its candies Twitter reacts: Too many toffees? Quality Street discontinues one of its candies
- September 24, 2016

One of the Quality Streets has gone forever, and people are outraged. Sadie Marie wrote on Twitter: "Since when were there too many toffees in Quality Street - who complained?" Emily Jayne also said: "Nah can not take this year anymore". (more...)
Gold price holds onto gains after FOMC keeps rates on hold
- September 24, 2016

Earlier in the day, traders reacted to the Bank of Japan's decision to modify its existing policy framework in order to achieve its inflation target. The dollar gained 0.3% against the yen to Yen100.6500, inching up from a steep decline in the previous session as investors digested the latest news from the Bank of Japan and Federal Reserve. (more...)
FedEx Corp. (FDX) Given Buy Rating at Citigroup Inc FedEx Corp. (FDX) Given Buy Rating at Citigroup Inc
- September 24, 2016

FedEx Corp .'s revenue for the quarter was up 19.5% on a year-over-year basis. For the period ending on 2016-11-30, the projected EPS is $2.88. Robert W. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website . Meanwhile, Director EDWARDSON JOHN A sold 2,882 shares worth $468000.7, through a transaction dated 2016-08-05. (more...)
Twitter (TWTR) Stock Sliding, RBC Capital Downgrades Twitter (TWTR) Stock Sliding, RBC Capital Downgrades
- September 24, 2016

Shares of Twitter Inc (NYSE: TWTR ) declined from53.49 per share on April 7, 2015 to $37.37 per share on May 1, 2015. "To a tech company, that's something different", Mahaney said. According to TipRanks, analyst Jim Kelleher has a yearly average return of 10.4% and a 67% success rate. Twitter's revenue for the quarter was up 19.9% compared to the same quarter previous year. (more...)
Junior minister Jim O'Neill resigns from UK Treasury post Junior minister Jim O'Neill resigns from UK Treasury post
- September 24, 2016

But politicians and commentators say Lord O'Neill's resignation could have a huge impact on Greater Manchester's devolution journey - and could be final nail in the coffin for the Northern Powerhouse plan. He has been replaced in the Treasury by Lord Young, who as Sir George Young was transport secretary in the 1990s and occasionally known as "the bicycling baronet". (more...)
Former Refugee Says Donald Trump Jr
- September 24, 2016

Instead, we can work out how large the bowl would need to be, in order to make the Skittles it contains representative of the risk posed to Americans by Syrian refugees . And Trump Jr.'s tweet comes on the heels of weekend bombings in NY and New Jersey. Last week, he made what some took as a Holocaust-themed joke in an interview with a Philadelphia radio station, referring to "warming up the gas chamber". (more...)
In dramatic reversal, Cruz to vote for Trump
- September 24, 2016

A person who is flat-chested is very hard to be a 10. To make an informed decision, we need to know that our presidential candidates are healthy enough to do the job. That deep distain for both candidates prompts three-quarters of voters to say that a big reason they'll be casting their ballot is to stop someone, rather than elect someone. (more...)
Settlement reached in Exxon Yellowstone spill — AP NewsBreak
- September 24, 2016

The U.S. Justice Department said on Tuesday it would join officials from Montana and other federal agencies on Wednesday to announce a "significant development" toward restoring natural resources damaged by a 2011 crude oil spill from a pipeline owned by Exxon Mobil Corp. (more...)
Gold prices fall in Asia as investors await Fed decision on rates
- September 24, 2016

Gold rose after Federal Reserve governor Lael Brainard said that there's no reason to rush to raise U.S. interest rates, putting a further dent in expectations for an increase over the remainder of 2016. "The Fed is divided between hawks and doves, but they will surely prepare the market fully before a hike, which is why after this speech it seems unlikely next week", said DZ Bank analyst Birgit Figge. (more...)
Ashley takes reins at Sports Direct Ashley takes reins at Sports Direct
- September 24, 2016

Workers at Sports Direct were not being paid the national minimum wage, and were being penalised for matters such as taking a short break to drink water and for taking time off work when ill. Sports Direct had already announced new safeguards to combat allegations of Victorian workhouse conditions at the firm's Shirebrook warehouse in Derbyshire, including the bullying of staff and aggressive rules. (more...)
Harvard's largest-in-nation endowment shrinks by nearly $2B Harvard's largest-in-nation endowment shrinks by nearly $2B
- September 24, 2016

The endowment distributed $1.7 billion to Harvard in the fiscal year. Yale University posted a 3.4 percent investment gain, besting rival Harvard University, which joined most college endowments in reporting annual losses. Harvard University's endowment has taken a pretty big hit. "A number of our domestic equity external managers underperformed for the first time in many years", Ettl said in the statement. (more...)
Mylan CEO infuriates lawmakers at hearing on EpiPen costs Mylan CEO infuriates lawmakers at hearing on EpiPen costs
- September 24, 2016

Bresch, who sat emotionless while lawmakers condemned Mylan and other big pharma companies for engaging in greedy business practices, said she wishes Mylan had "better anticipated the magnitude and acceleration" of the rising prices for some families. (more...)
Cruz: I will vote for Donald Trump
- September 24, 2016

It's going to be an interesting debate, and many viewers would probably love to see the candidates questioned on the recent explosion in NY, the deaths of black men at the hands of police, gun regulation and control , and Russian hacking scandals . (more...)
Embattled Wells Fargo CEO Resigns From Federal Panel
- September 24, 2016

Stumpf is working to regain customers' trust and rebuild the bank's reputation after it became widely known that employees opened more than 2 million credit card and deposit accounts without customers' approval. New concerns on investor visas United States wins aerospace subsidies trade case over the EU Wells CEO Stumpf resigns from Fed advisory panel MORE (D-Ore.) and Maria CantwellMaria CantwellUS wins aerospace subsidies trade case over the EU Wells CEO Stumpf resigns from Fed advisory ... (more...)
Obama slams Trump on black community remark Obama slams Trump on black community remark
- September 24, 2016

Still, the effort has stumbled. He added, "And if you're not aware, drugs are a very, very big factor in what you're watching on television at night". In the middle of exhibits ranging from boycotts to silent protests, Obama spoke to Robin Roberts about possible ways to heal and protest peacefully after police shootings left communities reeling, hurt and angry. (more...)
San Mateo Bridge westbound closed by crash involving stolen police vehicle San Mateo Bridge westbound closed by crash involving stolen police vehicle
- September 24, 2016

Ryan Cantrell. A multi-vehicle crash on the San Mateo Bridge late Thursday night that blocked all westbound lanes started as a police pursuit of a patrol auto stolen from the scene of an earlier crash, according to the Hayward Police Department. (more...)
Stocks see gains, led by high-dividend sectors
- September 24, 2016

Trading followed a pattern that has become familiar in the last several months. In the bond market, benchmark U.S. yields hit near two-week lows on revived bets the Fed would raise interest rates slowly due to weak economic growth and inflation stuck below its two per cent goal. (more...)
Stocks climb as Fed calms investors; bond prices up
- September 24, 2016

Wall Street opened lower on Friday as investors take a breather after a three-day rally that was spurred by optimism that the Federal Reserve will continue to hold off from raising interest rates in the near term. The Fed announced it will continue to stand pat on interest rates until it believes the US economy is strong enough to support an increase. The yield on the U.S. (more...)

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