Markets


'Flash crash' for pound to $1.14 blamed on automated trades 'Flash crash' for pound to $1.14 blamed on automated trades
- October 10, 2016

The Bank of England is "looking into" the "flash crash" which sent the pound plunging more than 6% against the USA dollar overnight. You can see that the pound is now lower against the euro than it was during last night's flash crash. "Hard Brexit has haunted the sterling", he added. "We thought today's plunge was a matter of time", he said. The fright in foreign exchanges was reflected on Asia's stock markets as investors fled high-risk assets, with losses across the board. (more...)
Tech unicorn Coupa had a huge first-day pop on its IPO Tech unicorn Coupa had a huge first-day pop on its IPO
- October 10, 2016

During its first day of public trading on the Nasdaq market, shares hit a high of $41.61 before closing at $33.28. The company originally planned to price its shares between $14 and $16, but increased that range in a last-minute show of confidence. (more...)
IL suspends business with Wells Fargo
- October 10, 2016

Clinton's speech came just hours after the IL state treasurer stood before a room full of reporters and announced that his state was terminating its dealings with Wells Fargo for the next 12 months. "I would not be surprised to see more than one person removed from the top executive crew of the company", said Bove. Langan declined to comment on Maldonado's accounts. (more...)
Trump meets Bill Clinton accusers before TV debate Trump meets Bill Clinton accusers before TV debate
- October 10, 2016

Trump appeared with Paula Jones , who filed a sexual harassment suit against Bill Clinton in 1991, Juanita Broaddrick, who accused Bill Clinton of rape in 1978, and Kathleen Willey , a former White House aide who accused Bill Clinton of groping her in 1993. (more...)
Oil Prices Retreat, World Energy Congress Meets Next Week Oil Prices Retreat, World Energy Congress Meets Next Week
- October 10, 2016

U.S. West Texas Intermediate (WTI) futures were down 44 cents or 0.88 percent, at $49.37 a barrel. Despite the drop, Brent and WTI remain up more than 10 percent since the Organization of the Petroleum Exporting Countries wrong-footed many market participants eight days ago with its first production cut plan in eight years. (more...)
Red Sox to limit David Price in Sunday's game vs. Blue Jays
- October 10, 2016

He hit a three-run shot in the first on the road against Tampa Bay lefty Matt Moore. "I'll take the blame for that one". Asked if there was anything baseball could do to help Ortiz clear his name, Manfred said the results have been destroyed. (more...)
Sebastian Vettel plays down Ferrari boss' comments on future
- October 10, 2016

At the last race in Malaysia, he crashed into Nico Rosberg at the first corner, earning him a three-place grid penalty for this weekend's Japanese Grand Prix. So far so good, obviously third is not exactly what we're looking for but I think we're very close and it was not too bad". That's how it goes, sometimes you win, sometimes you lose, he seemed to always clear the cars on the straights whereas I was pretty often stuck for the majority of the first sector or the middle part of the track ... (more...)
Congress nears deal to keep government open
- October 10, 2016

Two weeks ago the Senate approved $220 million for Flint along with other communities that were affected by the lead contamination water. Congress appeared on track Wednesday to pass a stopgap spending measure and avoid an October 1 government shutdown after House Republicans allowed a vote Wednesday on federal aid addressing the water crisis in Flint, Mich., removing a major obstacle in negotiations. (more...)
Republican nominee Donald Trump: 'I don't love Putin'
- October 10, 2016

Republicans are particularly pleased with Pence, with 79 percent saying the debate improved their view of their vice presidential nominee. Republican Mike Pence has won plaudits for a calm and collected performance in the USA vice presidential debate - but it was his Democratic opponent Tim Kaine who landed the most telling blows after forcing him to confront - or not - Donald Trump's provocative remarks. (more...)
Donald Trump: Hillary Clinton Will Be in Jail if Im Elected Donald Trump: Hillary Clinton Will Be in Jail if Im Elected
- October 10, 2016

I don't think there's any comparison". "I will say this about Hillary ", Trump said, after Clinton complimented the real estate mogul about his children during their often heated debate. But this is locker room talk. At last week's vice presidential debate, Pence said the U.S. should be prepared to strike Syrian government targets to alleviate the siege of Aleppo. (more...)
Hillary Clinton Says Putin Wants Donald Trump to Win Hillary Clinton Says Putin Wants Donald Trump to Win
- October 10, 2016

Clinton didn't take the bait. Trump also went on the attack against Clinton over her private email server, saying: "You ought to be ashamed of yourself". Kathleen Willey: The White House aide claimed that Bill Clinton groped her in 1993. The moderators also sparred with Clinton as she spoke over them, trying to finish her answer after the limit had expired. (more...)
New Jersey approves 23 cent gas tax hike
- October 10, 2016

The state's gas tax will increase by 23 cents a gallon to 37.5 cents, an amount that will still be less than the neighboring states of New York, Pennsylvania and CT, according to supporters. Sen. Paul Sarlo, D-Wood-Ridge, one of the primary authors of the gas tax package, defended it. Other tax relief is intended for veterans and the working poor. (more...)
New Jersey Transit Hoboken station to reopen Monday after deadly crash New Jersey Transit Hoboken station to reopen Monday after deadly crash
- October 10, 2016

The speed limit for trains arriving at the Hoboken terminal is 10 miles per hour (16 kph). New Jersey Transit had no immediate comment on the report. The transit agency says specific time information will be released Friday night. The damaged train was towed away Thursday night and will undergo further examination. (more...)
Chelsea Clinton Has Words for Donald Trump Chelsea Clinton Has Words for Donald Trump
- October 10, 2016

Presidential Nominee: Well, we had a great, great time last night. A slim majority of Democratic voters think that story is getting too little attention, while a slim majority of Republican voters think it's getting too much. HILLARY CLINTON: And she has become a USA citizen, and you can bet... Though Trump abided by her wishes, he went after her the next morning on TV saying she was "a nervous mess" and that he thought "something was up". (more...)
Seattle cancels business with Wells Fargo
- October 10, 2016

They now have a Dollars 51 price target on the stock. Abuses like this are why Ohioans are fed up with Wall Street. While take a short look on price to sales ratio, that was 4.46 and price to earning ratio of 11.15 attracting passive investors. (more...)
CIMIC wants to buy rival UGL for $524m
- October 10, 2016

According to the release CIMIC's management believes UGL's competencies are complementary to its existing operations and will enhance its capabilities in new activities. Shareholders of engineering, construction, and maintenance services provider UGL Limited (ASX: UGL) have certainly had a good start to the week. UGL peaked at $9.44 a share in 2007, but has since suffered a beating on the back of falling commodity prices and a downturn in mining. (more...)
Matthew marches on - Weakening system rakes Atlantic coast; US deaths at 10
- October 10, 2016

South Carolina's governor, Nikki Haley, ordered approximately 1.1 million people to move away from the coast on Friday. The most powerful winds of the storm are staying just off shore. Flash flooding turned a creek into a "roaring, raging river" that swept the vehicle off the roadway on Saturday night, said Battalion Chief Joe Downey of the Fire Department of NY. (more...)
Raonic advances to China Open semifinal
- October 10, 2016

Scot Murray will go into Shanghai as the form player after not dropping a set on his way to his first China Open title and 15th-ranked Dimitrov, still seeking his first title since Queen's in 2014, admitted as much. Murray has won seven of 10 against Dimitrov. "I know he's pretty close and I know it's his goal", said his mother Judy in a recent interview. In the men's doubles, Rafael Nadal and Pablo Carreno Busta of Spain defeated Bernard Tomic of Australia and Jack Sock of the ... (more...)
Cuomo says LIRR derailment likely caused by work train violation Cuomo says LIRR derailment likely caused by work train violation
- October 10, 2016

A spokesman for the Long Island Rail Road says the eastbound train derailed east of New Hyde Park just after 9 p.m. Saturday. Metropolitan Transit Authority Chairman Thomas Prendergast said seven employees and 26 customers were injured. The commuter train derailed east of New York City after it hit a work train on the tracks. The derailed train was off the tracks "in a unsafe, precarious situation", Cuomo said. (more...)
Defiant Trump on attack against Clinton ahead of key debate
- October 10, 2016

He added: "So many self-righteous hypocrites". " Another says "'Republican leadership should have only one job: "Help elect the nominee we voted for, Donald J Trump ". The debate is due to be held at Washington University in St. Louis, Missouri, starting at 9 P.M. (4:00 A.M. Monday in Israel). "A source tells TMZ that the enigmatic real estate developer wanted to drop O'Dell as host because he doesn't like the way pregnant women look", the site reported at the time . (more...)

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