Markets


Amazon shares jump on 1Q earnings
- April 30, 2016

Another driver of Amazon's growth is the $99-a-year Prime membership, a subscription service that includes delivery discounts created to convert occasional shoppers into devotees. You have left for this month. Amazon said it would be investing more in original programming. Previously in its fourth quarter AWS generated revenues of $2.4 billion (£1.7bn), showing that AWS remains on a healthy growth path. (more...)
Carl Icahn dumps entire Apple stake Carl Icahn dumps entire Apple stake
- April 30, 2016

Icahn had been a huge cheerleader of Apple , acquiring astake in the company nearly three years ago, repeatedly callingthe investment a 'no brainer '. "We have this huge profit so by definition it's not the no-brainer it was - but two - if China was basically steady I would probably go back into" Apple , which he reiterated he viewed as a great company with great management. (more...)
Amazon to Offer Monthly Video Subscription, Not Just Prime
- April 30, 2016

Amazon said users who opt to pay $10.99 monthly, instead of the $99 annual fee, can cancel at any time. Amazon , which so far only offered annual subscription of $100 to get a year of Amazon Prime, is reportedly in an attempt to compete with Netflix , which has led the way in video streaming by offering a cut-price monthly service. (more...)
Facebook sees 52-per cent increase in first quarter Facebook sees 52-per cent increase in first quarter
- April 30, 2016

Adjusted earnings per share came in at 77 cents in the quarter, 24 percent higher than the 62 cents a share that analysts had been expecting. - Daily active users (DAUs ) - DAUs were 1.09 billion on average for March 2016, an increase of 16% year-over-year. (more...)
Starbucks Brings Back S'mores Frappuccino for the Summer Starbucks Brings Back S'mores Frappuccino for the Summer
- April 29, 2016

Trust, all that copying and pasting will be worth it when you can text your BFF an emoji of your morning 'Bucks order or close out your business emails with an adorable and freakish Frapp-loving unicorn emoji (yep, that's actually one of the options!). (more...)
Investigators look at overdose in Prince death
- April 29, 2016

Individuals with knowledge of an emergency stop made by Prince's plane just days before the star's death said he had overdosed on an opioid at the time, according to the Star Tribune . Princes death came two weeks after he canceled concerts in Atlanta, saying he wasnt feeling well. Federal law enforcement officials told NBC News on Wednesday that the county sheriff has asked for assistance from DEA bosses, after prescription painkillers were found in his possession when he died. (more...)
Agency Still Studying Vulnerability On IPhone — FBI Chief
- April 29, 2016

The method instead belongs to a still-unidentified third party that the Federal Bureau of Investigation said came forward due to the attention received from its public pursuit of a court order to compel Apple's assistance in unlocking the phone. (more...)
Raiders owner Mark Davis pledges $500M to bring stadium to Las Vegas Raiders owner Mark Davis pledges $500M to bring stadium to Las Vegas
- April 29, 2016

Davis made the comments during a meeting of the Southern Nevada Tourism Infrastructure Committee at the University of Nevada-Las Vegas. Davis went on to say he hopes to turn Nevada, "the Silver State, into the silver and black state". "If Las Vegas can come through, we'll be the Las Vegas Raiders". Dolich said getting the vote to move is "as hard as Mt. Everest built out of 100 dollar bills". (more...)
Mitsubishi Has Been Fuel Economy Testing Vehicles Improperly Since 1991
- April 29, 2016

Environmental Protection Agency said it has told Mitsubishi to do more real world tests for all models it sells in the country. It previously said the engineers tampered with the data by manipulating tyre pressure during testing. On Saturday, the Nikkei said Mitsubishi plans to compensate customers in a bid to limit the fallout. The company probably will say quarterly net income increased 32 percent to 25.9 billion yen, according to analyst estimates compiled by Bloomberg. (more...)
Delegate: Trump aide said 'We're moving forward'
- April 29, 2016

The next phase of presidential primaries are very important for both Trump and Clinton as they aim to achieve the target of necessary delegates to become the party's nominee for the November elections. "New York state has problems like virtually every other state in the union". Different campaigns run the delegate math differently, presenting different strategies for winning - or keeping someone else from winning, as is the case in the Republican primary. (more...)
Markets Right Now: Stocks dive after Bank of Japan inaction
- April 29, 2016

The central bank left rates unchanged which was expected but the statement it put out alongside it was fairly balanced and told US very little about the timing of the next rate hike. and Sony. It had gained 1.3% early on Thursday. Many central bankers were anxious about the gloomy outlook, but were also growing reluctant to use their diminishing policy ammunition. (more...)
Amazon isn't just growing revenue anymore - it's growing profits Amazon isn't just growing revenue anymore - it's growing profits
- April 29, 2016

To keep membership growing, Amazon also unveiled a monthly payment option for Prime membership and a new video-only membership to compete more directly with Netflix Inc. On the bright side the expected growth in cloud computing and Internet of Things (IoT) should support an optimistic outlook as Amazon continues to expand its web services. (more...)
Average US rate on 30-year mortgage rises to 3.66 percent Average US rate on 30-year mortgage rises to 3.66 percent
- April 29, 2016

The average contract interest rate for 15-year fixed-rate mortgages increased to 3.09 percent from 3.06 percent, with points increasing to 0.37 from 0.32 (including the origination fee) for 80 percent LTV loans. One point equals 1 percent of the loan amount. Refinance applications, which are more rate sensitive, dropped 5 percent from the previous week, seasonally adjusted. (more...)
Argos owner hails 'landmark' year of transformation, though sales and profits dip Argos owner hails 'landmark' year of transformation, though sales and profits dip
- April 29, 2016

Like-for-like sales were up a healthy 5.2% with growth broadly across all product categories, but particularly in big ticket items. Some Argos operations are expected to be moved into Sainsbury stores as part of the deal. I am pleased that, with its offer for Home Retail Group , Sainsbury's has recognised the good progress we have made in transforming Argos into a digital retail leader. (more...)
Samsung earnings grow exponentially after S7 release Samsung earnings grow exponentially after S7 release
- April 29, 2016

Samsung itself said it anticipates softening demand in the smartphone market and negative growth in the tablet market but at least in the next quarter the worldwide rollout of the Galaxy S7 models, as well as an increase in shipments of the mid-to-low-end Galaxy A and J series, are expected to help them maintain sales momentum and profit. (more...)
Facebook Share Record As Profits Triple
- April 28, 2016

If the stock proposal is approved, the company intends to issue two shares of Class C capital stock as a one-time stock dividend for each share of Class A and Class B common stock. Analysts on average had expected revenue of $5.26 billion. Including certain expenses, the tech firm reported earnings of 52 cents per share. Facebook , adding to its mobile communications and social media empire of Messenger, Whatsapp and Instagram which has over 2 billion users altogether , has been ... (more...)
Mitsubishi admits to cheating fuel economy tests for 25 years
- April 28, 2016

The automaker admitted to Japanese authorities last week intentionally using incorrect methodology to test and certify fuel efficiency in a number of Mitsubishi and Nissan models, the latter produced by Mitsubishi for Nissan . The automaker has said it used US fuel economy standards, which were shorter and would save time , rather than the Japanese standards. The automaker has announced it has formed a Special Investigation Committee to look deeper into the scandal, an investigation that ... (more...)
Apple Sees First Ever Year-on-Year Sales Dip
- April 28, 2016

Apple TV, along with products such as Apple Watch, iPod and Apple-branded and third party accessories, contributed $2.189 billion to Apple's total revenues of $50.557 million in the second quarter to March. Apple reported revenue of $50.6 billion for the quarter, this compares to $58 billion for the same quarter previous year, they also reported net income of $13.6 billion or $2.33 per share. (more...)
Lloyds profits tumble as bond buyback costs weigh Lloyds profits tumble as bond buyback costs weigh
- April 28, 2016

Last month, the Council of Mortgage Lenders said there had been a 22% year-on-year rise in January in buy-to-let mortgages - although estate agents are now warning they expect activity to slow down because of the European Union referendum on 23 June. (more...)
Fiorina just a pawn in Cruz game?
- April 28, 2016

Trump's rivals are pulling out all the stops in an attempt to block him from obtaining the number of delegates he needs to win on the first ballot at the Republican convention in Cleveland in July. "Oh, look, one could go back and second-guess decisions that are hard decisions to make", said Cruz of Reagan's failed attempt to unite the Republican party. (more...)

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