Markets


Oil down 2% on mixed Russian response to OPEC Oil down 2% on mixed Russian response to OPEC
- October 13, 2016

Oil prices ended lower after mixed response from Russian oil industry leaders toward an output-cut deal proposed by OPEC (Organization of the Petroleum Exporting Countries). A crude glut has forced prices down from mid-2014 highs above $100 a barrel. Crude oil (WTI) was decreasing 1.4% to $50.08 per barrel and Brent crude was slumping 1.16% to $51.80 per barrel this afternoon. (more...)
Cypress Semiconductor Corporation's (CY): Viewing Major Stock of Yesterday
- October 13, 2016

Hedge funds and other institutional investors own 94.67% of the company's stock. Nuveen Asset Management LLC boosted its stake in ON Semiconductor Corp.by 343.8% in the first quarter. CY is up +7.4% over the last three months and up +36.8% over the last six months. CY's value Change from Open was at -1.02% with a Gap of -0.08%. Many Wall Street Analysts have commented on ON Semiconductor Corp. (more...)
Trump tax plan would aid Wall St despite closing loophole
- October 13, 2016

It would allow millions more low-income families to claim that credit, her campaign said, by tweaking an income threshold and allowing the refundable credit to be claimed for the first $3,000 that a worker earns. Trump would consolidate the current seven tax brackets into just three - pegged at 12 percent, 25 percent and 33 percent, while combining the current standard deductions and the personal exemption into a single increased standard deduction of $15,000 for individuals and $30,000 for ... (more...)
Washington Real Estate Investment Trust (NYSE:WRE) Short-Term Price Target At $34.67 Washington Real Estate Investment Trust (NYSE:WRE) Short-Term Price Target At $34.67
- October 13, 2016

Analysts, on average, forecast Washington Real Estate Investment Trust to show profit of $0.43 per share (EPS) on revenue of $78.39M. The average twelve-month target price among brokerages that have issued a report on the stock in the a year ago is C$8.15. (more...)
Philippines president to visit China Philippines president to visit China
- October 13, 2016

Abe invited Duterte to Japan during a meeting on the sidelines of regional gatherings in Laos last month, where, according to the government, they affirmed the need to resolve disputes in the South China Sea through peaceful means, an apparent reference to China's expansionary maritime activities in those waters. (more...)
Wells Fargo CEO John Stumpf resigns effective immediately Wells Fargo CEO John Stumpf resigns effective immediately
- October 13, 2016

Stumpf had led Wells Fargo since 2007. Regulators said bank employees, racing to meet aggressive sales goals, opened 2 million accounts that may not have been authorized by customers. "The resignation of the Wells Fargo CEO is really a culmination of bad press that the board simply could not overlook any more", said Michael Yoshikami, a banking industry expert and president of Walnut Creek-based Destination Wealth Management. (more...)
Cholera rises in southern Haiti in wake of Hurricane Matthew
- October 13, 2016

Unni Krishnan, director of Save the Children's Emergency Health Unit in Haiti , said in a statement . In addition to disease, storm survivors faced a lack of food. The scene repeated itself across small seaside and mountain villages dotting the peninsula, where people pointed out helicopters buzzing overhead and questioned why they haven't received any help. (more...)
Stadium bill, convention center expansion passes NV State Senate 16-5
- October 13, 2016

Still, the city of Las Vegas has made it clear that the Raiders would be welcomed with open arms. The state of Nevada got one step closer to being the next home of the NFL's Raiders on Tuesday. Critics of the deal say they're getting second-class treatment, pointing out that lawmakers clapped after speeches from proponents on Monday but Democratic state Sen. (more...)
Stanley Black & Decker to buy Newell's tools unit Stanley Black & Decker to buy Newell's tools unit
- October 13, 2016

Post opening the session at $123.87, the shares hit an intraday low of $122.26 and an intraday high of $124.16 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red. Benchmark U.S. crude oil slid 61 cents, or 1.2 percent, to close at $50.18 a barrel in NY. Brent crude, the worldwide standard, fell 60 cents, or 1.1 percent, to close at $51.81 a barrel in London. (more...)
May to negotiate UK access to EU market May to negotiate UK access to EU market
- October 13, 2016

Amid attempts by Frankfurt, Paris and Dublin to catch possible fallout from London, Sir Jon Cunliffe said it was highly unlikely that any European Union centre could replicate the services offered by the UK's financial services industry. Mr. Cunliffe said the slide in the pound since the referendum doesn't appear to have undermined the stability of the financial system. Cunliffe, who was careful not to drawn into the political debate, said it was important that the final out come was reached ... (more...)
Pound drop ends in fight between supermarkets and supplier
- October 13, 2016

From now through October 16, choose from fantastic subscription offers.... It us understood that Tesco refused to go along with the price increase, and as a result, a number of the aforementioned products, including Marmite, Knorr, Dove, Lynx, PG Tips, various butters and a host of fabric conditioners have been removed from Tesco stores. (more...)
UK lawmakers press govt for say over Brexit talks with EU
- October 13, 2016

But in a bid to head off a Conservative revolt, May has promised that lawmakers will get a say, as long as it "does not undermine the negotiating position of the government". "As Jeremy said in the House today, Labour completely accepts and recognises the vote to leave the EU". "Each of the different possible outcomes of our leaving the European Union has both advantages and downsides, and it would be morally repugnant for anyone to pretend that there is only one sort of Brexit". (more...)
Will Samsung's phones ever be trusted again?
- October 13, 2016

Shipping companies reportedly had complained they did not want to handle Note 7 returns because of fire concerns. There is also a chance that LG Electronics would enjoy the reflected benefit from smartphone users who lost interest in Samsung phones, opting for its latest V20 smartphone as an Android operating system alternative. (more...)
Gibraltar Capital Management Lowers stake in CSX Corporation (CSX) Gibraltar Capital Management Lowers stake in CSX Corporation (CSX)
- October 13, 2016

The stock had a trading volume of 12,026,264 shares. During the last trading period, the peak price level of the share was $30.82; it means it is top price of day and down price level of the share was $30.31; it means minimum price of the day at which price share traded. (more...)
Ill. the Latest State to Suspend Business With Wells Fargo
- October 13, 2016

The Wells Fargo parent bank has been on the hot seat, with federal prosecutors investigating sales practices after revelations that thousands of its employees secretly created accounts without clients' approval and other high profile issuers suspending work with the firm. (more...)
Google's Project Fi now offering group plans for family and friends
- October 13, 2016

Later this month, Google will be making the Android 7.1 Developer Preview available , so developers can test and build on the new version. Dave Burke, the VP of Engineering for Android, announced today via blog post that a preview version of the point release will be released for the Nexus 5X, 6P and Pixel C later in October. (more...)
Warren Buffett fires back at Donald Trump, sets record straight about taxes
- October 13, 2016

Republican U.S. presidential nominee Donald Trump speaks during his presidential town hall debate against Democratic U.S. presidential nominee Hillary Clinton (not shown) at Washington University in St. It's possible that that $7 is more than Trump has paid in nearly two decades. The New York Times reported that loss may have allowed him to go almost two decades without paying taxes. (more...)
Soldier's father blasts Trump for debate comment
- October 13, 2016

While Democrat Hillary Clinton consolidates her lead in opinion polls , Donald Trump has seen his support among Republican colleagues fall away in recent days, as he faces a barrage of criticism over sexually aggressive comments that surfaced on Friday. (more...)
Analysts At Canaccord Genuity Reiterated Qualcomm, Inc. (NASDAQ:QCOM) As Buy Analysts At Canaccord Genuity Reiterated Qualcomm, Inc. (NASDAQ:QCOM) As Buy
- October 13, 2016

QUALCOMM Incorporated's (QCOM ) has traded at distance of 8.61% from its 50-day simple moving average and moved at distance of 27.36% from its 200-day simple moving average while exchanged at distance of 6.57% from its 20-day simple moving average. (more...)
Securities Analyst Recommendations: Intel Corporation (NASDAQ:INTC), Citigroup Inc. (NYSE:C) Securities Analyst Recommendations: Intel Corporation (NASDAQ:INTC), Citigroup Inc. (NYSE:C)
- October 13, 2016

Brean Capital raised their price target on shares of Intel Corp. from $36.00 to $38.00 and gave the stock a buy rating in a report on Monday, July 18th. The business also recently declared a quarterly dividend, which will be paid on Thursday, December 1st. OVERWEIGHT signal was given by "0" and Underweight signal was issued by "0" Analyst. (more...)

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