Markets


Rick Santorum dropping presidential bid Rick Santorum dropping presidential bid
- February 04, 2016

In his most recent debate performance, Santorum used his closing remarks to thank his supporters by name. ABC News has (mercifully) done away with the undercard debate, meaning it's prime time or bust for the remaining candidates. Clinton and Sanders were neck-and-neck in Iowa polls leading up to the caucuses on Monday, and the race was too close to call until Tuesday afternoon . (more...)
China Rover Releases HD Pictures of the Moon China Rover Releases HD Pictures of the Moon
- February 03, 2016

In December of 2013, China joined the ranks of Russian Federation and the United States when they successfully soft-landed on the lunar surface, becoming the third country ever to accomplish this feat. However, there would be some connection problems when accessing the website outside China. Despite the successful landing, Yutu's inability to shield itself from the intense lunar night temperatures caused mobility issues, leaving it unable to navigate across the surface. (more...)
Home Depot hiring 900 in Htfd. area Home Depot hiring 900 in Htfd. area
- February 03, 2016

Available positions vary by store. Nationwide, the home improvement retailer is hiring 80,000 associates total in its almost 2,000 stores. Stores are seeking new workers to set product merchandising displays, help maintain store appearance, and keep products customer-ready. (more...)
Yahoo to look at strategic alternatives, cut jobs, alongside spin-off
- February 03, 2016

Yahoo says that the planned layoffs will save the company about $400 million annually. However, it's also looking to consolidate other operations-such as by shutting down legacy projects like Yahoo Games and Yahoo Smart TV. A weak report today would continue the disappointment that Yahoo! investors have felt for the majority of CEO Marissa Mayer's tenure, which has been marked by declining revenues and increased costs. (more...)
Yahoo Posts Q4 Loss, To Cut 15% Jobs; Exploring Strategic Alternatives Yahoo Posts Q4 Loss, To Cut 15% Jobs; Exploring Strategic Alternatives
- February 03, 2016

The jobcut is due to a reported $4.3 billion loss for the year. Mayer said that for Yahoo's search business mobile search is the biggest opportunity and the company will shift most of its resources towards this. Display advertising revenue was $601 million (up 13%) and Yahoo paid $130 million to display partners, almost double the year prior. The quarterly earnings came with an announcement that the company would layoff about 15 percent of its workforce and close five offices in ... (more...)
Japan ETFs To Buy On Negative Interest Rates
- February 03, 2016

With markets in turmoil and talk of further Chinese currency devaluation intensifying, expectations for US rate hikes this year have all but evaporated and central banks from Europe to Canada and Australia are preparing the ground for more easing. (more...)
Yahoo to slash 15% of workforce Yahoo to slash 15% of workforce
- February 03, 2016

The Sunnyvale, California, company reported a fourth-quarter loss of $4.4 billion, reflecting the eroding value of its services. The goal is to cut $400 million from Yahoo's expenses by the end of 2016. " Yahoo can not win the hearts and minds of users and advertisers with a complicated portfolio of products and assets", Mayer said on a conference call with investors. (more...)
Coli outbreak is over, CDC says
- February 03, 2016

The CDC believes a common Chipotle menu item or ingredient caused the outbreak, but it still doesn't know which one. "The investigation did not identify a specific food or ingredient linked to illness", the CDC reported. Chipotle's woes have produced no clear victor among rival restaurant chains, according to NPD, which said customers who have recently steered clear of the restaurant have gone to various other "fast casual" chains as well as to fast- food outlets. (more...)
Apple reports a quarterly profit of USD 18.4 billion Apple reports a quarterly profit of USD 18.4 billion
- February 03, 2016

Apple said on Tuesday that it sold 74.8 million iPhones during its fiscal first quarter, which ended December 26. Gross margin was 40.1 percent compared to 39.9 percent in the year-ago quarter and global sales accounted for 66 percent of the total quarter's revenue. (more...)
US E.coli outbreaks appear over
- February 03, 2016

During the second outbreak, five people were infected with one hospitalized. But the cause of outbreak - which ingredient triggered it - apparently remains a mystery, the newspaper says, citing sources . Furthermore, the company mentioned that if the trend continues, the food chain might post a comparable store sales decline of -8% to -11% for the fourth quarter. (more...)
More central bank rate cuts coming before any hike More central bank rate cuts coming before any hike
- February 03, 2016

Recall that just last week the BoJ surprised markets with a negative interest rate decision to spark its reflationary efforts, which have been hampered due to falling energy prices and weak global demand. The BOJ said in statement that "Japan's economy is still recovering, but risks from volatile global financial markets could undermine confidence and slow progress toward the central bank's 2 percent inflation target". (more...)
Apple shares slide off iPhone sales, Cook warning
- February 03, 2016

Apple , during the all important quarter that includes the holidays, sold 74.78 billion units of iPhones, compared to a total of 74.5 million during the previous holiday quarter. "There are still a lot of people in the world who will buy smartphones and we ought to be able to win over our fair share of those", Cook said. "In many ways India is very similar to what China was a few years ago, but the middle class here is still very small and it can be two to three years before Apple gets ... (more...)
Fiat Chrysler sales rise 7 percent despite major snowstorm Fiat Chrysler sales rise 7 percent despite major snowstorm
- February 02, 2016

USA industry sales figures for January are internally projected at an estimated 17.5 million units Seasonally Adjusted Annual Rate (SAAR). Last year, Ram sold 28,618 pickups in January. Toyota (TM - Get Report) , Honda (HMC), Hyundai (HYMLF) and other global manufacturers will be reporting monthly sales throughout the day. The Jeep Cherokee, Jeep Patriot and Jeep Compass each logged their best January sales ever. (more...)
AlphabetGoogle's parent company loses $3.6 billion on 'bets'
- February 02, 2016

Alphabet's share price surge means the company is now worth around $568bn, compared with Apple's value of $535bn. Apple is in for a rough second quarter as the company is expected to announce its first ever decline in iPhone sales and its first year-over-year revenue drop in thirteen years. (more...)
Kung Fu Panda 3 breaks animated film opening record
- February 01, 2016

The Disney movie, earning an A- CinemaScore, came in No. 3 after Panda 3 and Fox and New Regency's The Revenant , which remains a potent player in its sixth weekend. The studio has been struggling in recent years with several underperforming films and has been much in need of a boost from an existing franchise. It has piled up US$895.4 million in North American ticket sales in seven weeks. (more...)
WHO meets to decide whether to declare Zika a global emergency
- February 01, 2016

Senator Schumer said health officials believe they could have sources to make a vaccination by the end of this year. According to the CDC, the Zika virus was now detected in more than 20 countries, including North America, South America and Africa. (more...)
Michigan proposes strategy to determine if Flint water safe Michigan proposes strategy to determine if Flint water safe
- February 01, 2016

The Democratic Flint mayor and Democratic city council were the ones who voted to withdraw from using the Detroit water supply. However, testing in 26 sites around the city found very high levels of lead, ranging from 153 parts per billion to the extremely risky 4,000 parts per billion, officials said Friday evening. (more...)
Apple records biggest quarter ever with $18.4B net income
- February 01, 2016

He also said that the company now has $1 billion active devices. Though the company continued to be extremely profitable during the December quarter, with record net income of $18.4 billion through sales of $75.9 billion in the December quarter, Apple's advantage from the accelerated adoption of smartphones across the globe is reducing. (more...)
Weekend Box Office: Po Rolls In the Dough
- February 01, 2016

The only other film premiering in the top five this weekend was the coast guard action drama, The Finest Hours, pulling $10.3 million. " The Revenant " had another successful week at the box office, earning $12.4 million to take second place. (more...)
'Kung Fu Panda 3' karate-kicks the competition with $41 million
- February 01, 2016

The latest animated film " Kung Fu Panda 3 " hit China's theaters on Friday as it has taken in 107 million Renminbi, or 16.1 million US dollars, on its official opening day. Holdovers " The Revenant " and " Star Wars: The Force Awakens " took second and third place with $12.4 million and $10.8 million, respectively. Disney's period rescue drama The Finest Hours tanked with only $10.3 million in its opening weekend, thanks to mixed reviews (59% on Rotten Tomatoes ) though it did receive an ... (more...)

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