Markets


(TSCO) Posts Earnings Results, Beats Expectations By $0.01 EPS
- October 21, 2016

Tractor Supply ( NASDAQ:TSCO ) opened at 67.37 on Thursday. Its 52-week High Value is $97.25 while its 52-week Low value is $65.22. The stock has a 50 day moving average price of $70.26 and a 200 day moving average price of $86.09. Finally, Guggenheim reiterated a buy rating and set a $90.00 price target on shares of Tractor Supply in a report on Friday, September 30th. "Based on this investigation into the company's performance the analyst decides whether their stock is a "buy", sell" or hold. (more...)
Chancellor insists Bank of England will remain independent Chancellor insists Bank of England will remain independent
- October 21, 2016

Senator Ozouf met Mr Hammond earlier this month during a finance summit - which included the annual meetings of the International Monetary Fund and World Bank - in Washington DC to discuss the position of Jersey following the UK's decision to leave the EU. (more...)
Wipro to buy cloud services firm Appirio for $500 mn Wipro to buy cloud services firm Appirio for $500 mn
- October 21, 2016

It has raised $111 million from marquee investors including General Atlantic, Sequoia Capital, and Fidelity Management.The company manages complex deployments across cloud, social and mobile, equipping enterprises to integrate cloud-based software like Workday, Medallia, and Salesforce into their workflows in areas including customer service, marketing, operations and order management. (more...)
Every Tesla Vehicle Will Now Have Full Self-Driving Capability
- October 21, 2016

With Autopilot 2.0, Tesla is expected to add more sensors to its vehicles to give it more self-driving capabilities. However, Tesla will not enable full self-driving immediately. On Teslas with first-generation Autopilot hardware, including some standard safety features such as automatic emergency breaking, collision warning, lane holding and active cruise control. (more...)
Fourth person killed in plane crash outside Kelowna identified
- October 21, 2016

Transportation Safety Board of Canada investigators looking into the plane crash that killed former Alberta premier Jim Prentice say there was no voice or data recorder on the plane, a fact that makes their investigation challenging. Calgary-based Norjet Inc, the owner of the plane in which Prentice was travelling, said it will co-operate with the investigation. Condolences from Albertans and government officials continue to pour in this afternoon including from the City's Mayor Tara Veer. (more...)
Virginia voter-registration deadline extended through Friday
- October 21, 2016

Virginia House of Delegates Speaker William J. Howell (R-Stafford), Majority Leader Kirk Cox (R-Colonial Heights), Caucus Chairman Timothy D. Hugo (R-Fairfax), Majority Whip Jackson H. "This is a victory for people across the state of Virginia for people who seek to register and vote this election cycle", Kristen Clarke, executive director of Lawyers' Committee for Civil Rights Under Law, said in a statement. (more...)
Tesla says all vehicles in production to have full self-driving hardware
- October 21, 2016

It's also possible that we'll get more details about a future version of Tesla's Autopilot, since Musk previously said that he'd talk about the Model 3's autonomous features "later this year". While now there is little data showing that fully autonomous cars would reduce deaths, there are studies that show computer controls can cut fatalities. (more...)
Nestle cuts sales outlook as 9-month organic growth Nestle cuts sales outlook as 9-month organic growth
- October 21, 2016

Nestle became the latest company to be hit by the global slowdown affecting food manufacturers after posting its weakest underlying sales growth in more than a decade. Analysts surveyed by Dow Jones Newswires had expected 3.6% organic growth in the first nine months on sales of 65.9 billion francs. Regarding the currency, Bulcke said Nestle's United Kingdom team was looking at all options to deal with the fall in the pound, including efficiency efforts that can absorb part of it, and price ... (more...)
Duration of Eurozone Stimulus in Focus as Central Bank Meets
- October 21, 2016

European Central Bank policy makers are expected to postpone major policy decisions until early December, when they will have fresh economic forecasts. In the US, futures pointed to a 0.1% opening gain for the S&P 500 , with investors focused on corporate earnings and developments in Europe. Rio Tinto edged up despite lowering its iron ore shipment guidance slightly after it fell 5% the third quarter, reduced by port and rail maintenance. (more...)
Analysts At Wedbush Downgraded Time Warner Inc. (NYSE:TWX) To Neutral
- October 21, 2016

The investment management company now holds a total of 146,771 shares of Time Warner Inc which is valued at $11,675,633 after selling 770 shares in Time Warner Inc , the firm said in a disclosure report filed with the SEC on Oct 17, 2016. (more...)
Oil buoyed by reported U.S. stockpile draw, falling China output
- October 21, 2016

Namely, they add, even the low oil prices could not get a boost for consumer spending while oil companies have postponed investments totalling up to $500 billion. The EIA reported that its distillate inventories for October fell 1.24 million barrels, almost in-line with the consensus estimate which called for a decline of 1.25 million barrels. (more...)
Snoopy cut loose by MetLife Snoopy cut loose by MetLife
- October 21, 2016

The change in representation comes as the company looks to spin off most of its USA life insurance business. He is also pursuing growth in Asia and Latin America. We're becoming more focused on the types of customers we serve, and the brand has to reflect that. Aflac Inc.is known for its talking duck, and the Geico unit at Warren Buffett's Berkshire Hathaway Inc. (more...)
Morgan Stanley Reiterates Equal Weight Rating for Nike Inc. (NKE)
- October 21, 2016

Finally, B. Riley reaffirmed a buy rating and issued a $66.00 price objective on shares of Nike in a research note on Wednesday, June 22nd. Vetr upgraded shares of Nike Inc. About 4.59 million shares traded hands. TWLO stock climbed on Tuesday after the company updated its follow-on filing to say the company itself will offer 642,921 class A common shares. (more...)
Oil lower amid profit taking after rally on stocks drawdown
- October 21, 2016

As a dollar-denominated commodity, a higher United States currency tends to make oil less affordable to global buyers. West Texas Intermediate for November delivery was at $50.43 a barrel on the New York Mercantile Exchange, up 49 cents, at 11:57 a.m.in London. (more...)
UK lawmakers urge revoking knighthood from ex-BHS boss UK lawmakers urge revoking knighthood from ex-BHS boss
- October 21, 2016

A motion calling for his knighthood to be " cancelled and annulled " was unopposed. Others compared him to the autocrat Napoleon and Robert Maxwell, the former boss of the Mirror group of newspapers who took £440m from the Mirror pension fund before he died. (more...)
US home sales rebounded in September despite tight supply US home sales rebounded in September despite tight supply
- October 21, 2016

The most positive component within the data was the 3 pt increase in the percentage of sales going to first time households. Further, all regions saw an increase in closings last month and distressed sales fell to a new low of 4% of the market. (more...)
Big US businesses are embracing solar power, according to new report Big US businesses are embracing solar power, according to new report
- October 21, 2016

An expert in power, Mr George Alabo has disclosed that investment in Renewable Energy Power Plants would reduce consumer electricity tariffs and boost the nation's electricity generation capacity thereby providing sufficient power to the manufacturing sector. (more...)
US claims for unemployment benefits rise by 13000 US claims for unemployment benefits rise by 13000
- October 21, 2016

With companies still hiring more than seven years after the last recession ended, layoffs have fallen to record lows based on the size of the USA working population. The claims data covered the survey week for October's nonfarm payrolls. On balance, despite gradual further improvement in employment conditions, it is anticipated that continuing jobless claims should remain elevated for some time but should continue along a downward path in the months to come. (more...)
Weather Reduces Amount of Wine, Not its Quality Weather Reduces Amount of Wine, Not its Quality
- October 21, 2016

And while 2015 was a juicy season for all, the industry collectively produced 259 million hectolitres - one of its lowest levels over the past 20 years. And despite the dip, the wine division of European Union farm federation Copa & Cogeca says wine production in Europe said it's still at a "fair level" compared with 2015. (more...)
The ECB Just Left Its Interest Rates Unchanged The ECB Just Left Its Interest Rates Unchanged
- October 21, 2016

The ECB stimulus scheme, known as quantitative easing (QE), involves the purchase of public and private bonds at the rate of 80 billion euros per month, and is now set to end in March 2017. Minutes of the September meeting showed that bank officials were still concerned that inflation had not turned decisively upward, and that the economy still needed the current level of central bank help. (more...)

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