Markets


British pound shaken by 6 percent 'flash crash'
- October 08, 2016

At 5pm in London it was trading around $1.2414, having been above $1.30 just a week earlier. Bank of England Governor Mark Carney said he had asked the Bank for International Settlements to investigate the "flash crash", which is thought to have been caused by computer algorithms which manage automated trading. (more...)
Oil prices fall as investors cash in on OPEC deal rally Oil prices fall as investors cash in on OPEC deal rally
- October 08, 2016

Oil prices were flat in Asian trade after a surprise OPEC deal to limit output, as skepticism mounted over how the oil cartel would enforce the cut. "There is still a number of details which OPEC countries must work out", Novak said in a statement, emailed by his ministry. And U.S. shale producers, whose technology enables them to increase oil production quickly, may also swoop in and widen their spigots to capture the higher margins, analysts said. (more...)
What are Analysts opinions on: Gilead Sciences Inc. (NASDAQ:GILD)
- October 08, 2016

The share price of $1.88 is at a distance of 62.07 percent from its 52-week low and down -79.63 percent versus its peak. Now the company has earned "Buy" from 7 equity analysts. The company's institutional ownership is monitored at 68.3%. 47 Insider Sales transactions were made totaling 2536300 shares traded. ATR value of company was 1.38 and Relative Strength Index (RSI) was 37.74. (more...)
Anti-Gambling Group Leads Lawsuit Against New York Daily Fantasy Sports Law Anti-Gambling Group Leads Lawsuit Against New York Daily Fantasy Sports Law
- October 08, 2016

Governor Andrew Cuomo signed daily fantasy sports legislation into law in August, but now his signature is making him, along with the New York Gaming Commission, the subject of a new gambling lawsuit . But that prompted lawmakers to define fantasy sports as a game of skill rather than chance. If chance is a material element of a transaction, then it is gambling, " according to an information sheet outlining the lawsuit . (more...)
Lawsuit claims Yahoo job reviews discriminated against men
- October 08, 2016

Ard began at Yahoo in 2011 and despite an alleged positive performance review in 2014, he claims in 2015, Liberman told him over the phone that he was sacked effective the same day due to unsatisfactory performance. Less immediately striking but in some ways more interesting is the lawsuit's allegation that the performance review system was, in effect, a way to conduct layoffs without the notice required by California law-which wasn't related to the gender claims. (more...)
Deutsche Bank CEO: Market forces trying to weaken us
- October 08, 2016

The news bolstered shares of USA banks especially, after the German's bank's troubles had threatened to spill over into the financial system more broadly. Shares have tumbled over the past year, and concerns about the bank have weighed on markets in recent days. But the fact that it could get hit with a big bill increased the possibility that it may have to tap investors to raise the cash. (more...)
State Dept. And White House Coordinated To 'Crush' Clinton Email Coverage State Dept. And White House Coordinated To 'Crush' Clinton Email Coverage
- October 08, 2016

Jennifer Palmieri , the former White House communications director sent an email about this very interview asking "t$3 hink we can get this done so he is not asked about email". In a statement, CBS News denied that anything untoward had happened. "CBS News' State Department correspondent was in Egypt with Secretary John Kerry in the home stretch of the Iran nuclear deal negotiations and discussed policy issues of the day with him on this official trip". (more...)
Stocks fall in early trading Friday after jobs report Stocks fall in early trading Friday after jobs report
- October 08, 2016

The market edged up in early trading after a much anticipated report on hiring last month showed decent gains. The jobs report for September, a snapshot of the labor market, has gained outsized significance for what it might mean for the Federal Reserve come December. (more...)
Google Pixel Handset Launched with a Fingerprint Sensor and 2770mAh Battery Pack
- October 08, 2016

The Pixel XL is smaller and lighter, but the Nexus 6P is slimmer. Pixel and Pixel XL review. The fact that Samsung Galaxy Note 7 is out of the market already (well, sort of) the only competitor left in the smartphone market is Apple. The second one comes with 128GB of Internal Storage with a Price Tag of $749 Dollars or roughly Rs. 49,910 INR. That's a bold claim. The phone comes in two sizes, and its high-end camera is one of few distinguishing features, analysts said. (more...)
Confidence boosting win carries Penn State to 4-0 Maryland
- October 08, 2016

The Terrapins are seeking their first 5-0 start since 2001 and are averaging 43.3 points per game. But after keeping Maryland in the game for more than three quarters, Hills committed three of his four turnovers on his team's last four possessions. (more...)
BlackRock cuts ETF prices prior to Labor Dept's fiduciary rule BlackRock cuts ETF prices prior to Labor Dept's fiduciary rule
- October 08, 2016

Schwab last cut its ETF fees in June. The fee cuts may be a tactical way for BlackRock to position its ETFs as cheap fund alternatives in response to the changing DOL rules that will shine a light on the high costs associated with actively managed funds. (more...)
Chancellor to sell remaining stake in Lloyds Banking Group
- October 08, 2016

Based on our assessment and given recent volatility in bank share prices, we believe that of the methods of sale available to us, putting in place a further trading plan represents the best opportunity to sell shares at a price which delivers value for money for the taxpayer. (more...)
An echo of Amazon's Echo
- October 08, 2016

Google also said that the device is now available for pre-order. "Artificial Intelligence is at the center (of this intersection)", he said. The company is officially debuting Google Assistant - its own intelligent personal assistant, which will compete with the likes of Apple's Siri and Amazon's Alexa. (more...)
Debate minefield: Town hall will test candidates' stagecraft Debate minefield: Town hall will test candidates' stagecraft
- October 08, 2016

The Republican nominee will host an invite-only town hall in Sandown, New Hampshire , to prep for his debate rematch with Democratic nominee Hillary Clinton. STRONGSVILLE, Ohio- Vice presidential candidate Mike Pence, who is Donald Trump's running mate was in Northeast Ohio today. However, the most recent poll in the state showed Clinton up 2 points. (more...)
Carbon plan needs support from provinces: Notley
- October 08, 2016

Saskatchewan Premier Brad Wall said he "cannot believe" the timing of Trudeau's announcement from Ottawa. Mr. Trudeau said if a province doesn't have a system in place by 2018, Canada would implement a pricing regime for that jurisdiction. (more...)
See Marvel's 'Iron Fist' in action in new photo
- October 08, 2016

With Marvel's Luke Cage hitting Netflix last week, it makes sense the streaming company is turning its attention to the newest member of The Defenders. The series stars Finn Jones - best known to audiences as Loras Tyrell on "Game of Thrones" - as the protagonist. The series will premiere on March 17, 2017 , at 12:01 a.m. (more...)
Gap Inc. (GPS) Stock Rating Reaffirmed by Stifel Nicolaus Gap Inc. (GPS) Stock Rating Reaffirmed by Stifel Nicolaus
- October 08, 2016

The investment management company now holds a total of 38,814 shares of Gap Inc which is valued at $874,479 after selling 24,019 shares in Gap Inc , the firm said in a disclosure report filed with the SEC on Oct 5, 2016. "We believe the consumer's appetite for apparel may be on the verge of increasing following a long cycle of big-ticket purchases". Old Navy saw same-store sales climb 4%. (more...)
Wells Fargo CEO To Forfeit $41 Mln Of Stock Amid Independent Probe
- October 08, 2016

Stumpf will forfeit $41 million in unvested stock awards as well as any bonus for this year and forego his salary for the duration of the investigation, Wells Fargo said. Elizabeth Warren grilled the CEO and said Stumpf should resign and accused him of " gutless leadership". During the company's investigation, Stumpf will work for free and Tolstedt also agreed not to cash in on any of her outstanding stock options. (more...)
Oil holds near 2016 highs after US inventory drop Oil holds near 2016 highs after US inventory drop
- October 08, 2016

U.S. Energy Information Administration (EIA) said U.S. crude stockpiles fell last week despite slow refinery activity while oil inventories increased. They are also underestimating the impact of record new auto sales, which are likely to increase Chinese gasoline demand by 10% to 3.1 million barrels a day next year, according to PIRA. (more...)
European Union imposes anti-dumping duties on Chinese steel products
- October 08, 2016

The European Commission , the EU's executive arm, said the investigations "confirmed that the Chinese products had been sold in Europe at heavily dumped prices". Wuhan Iron & Steel and Angang Steel each face an 18 percent levy on hot-rolled coil, while Hebei Iron & Steel is subject to a 13.2 percent rate on this product. (more...)

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