Markets


3 reasons the Fed will likely leave rates alone this week 3 reasons the Fed will likely leave rates alone this week
- November 02, 2016

As for the Fed's statement this Wednesday , we expect the central bank to take a relatively hawkish stance as policymakers prepare the market for the prospect of higher rates in December. But economic weakness and market turmoil in China and Europe and a slowdown in US growth kept the Fed on the sidelines. The Personal Income and Expenditure report for September contained few surprises and the largest portion of the U.S. (more...)
World News! Third runway at Heathrow cleared for takeoff by ministers
- November 02, 2016

LONDON, Oct 25 (Reuters) - Britain on Tuesday gave Heathrow Airport the green light to build a new $22 billion runway, ending 25 years of indecision and vowing to boost global trade links following the vote to leave the European Union. Ministers approved the decision at a cabinet committee meeting on Tuesday morning. Greenpeace UK chief John Sauven said a third runway at Heathrow would increase air pollution and "be a waste of time, money and lives". (more...)
Diamond Offshore Drilling, Inc. (NYSE:DO) Analyst Estimates Diamond Offshore Drilling, Inc. (NYSE:DO) Analyst Estimates
- November 02, 2016

Jefferies Group restated a "hold" rating on shares of Diamond Offshore Drilling in a report on Monday, July 11th. The insider owns 21,764 shares which have current market value of around $358888.36.Edward Grebow is another major inside shareholder in the company. (more...)
Jose Mourinho lands another FA misconduct charge after weekend sending off
- November 02, 2016

An incident at half-time saw Mark Clattenburg send the 53-year-old into the Old Trafford stands for the rest of the match. He is accused of using abusive or insulting words to the officials in or around the tunnel area at half-time. His punishment - likely to be a fine - will be decided by a commission this week. He declined to speak to the media after the match. "Too many things were said, too many stories were created as well - lies", he said. (more...)
FBI must say on Donald Trump-Russia ties: Hillary Clinton campaign FBI must say on Donald Trump-Russia ties: Hillary Clinton campaign
- November 02, 2016

Both servers were set up to reject connections from third-party servers, and neither was active outside of Moscow and New York City business hours. Trump has previously praised Russian President Vladimir Putin's leadership and asked Russia to "find the 30,000 emails that are missing" from Hillary Clinton, though he later said he was "being sarcastic". (more...)
AP Moeller-Maersk Shares Plunge After Third-Quarter Earnings Slump AP Moeller-Maersk Shares Plunge After Third-Quarter Earnings Slump
- November 02, 2016

The company still expects to "significantly" underperform in the full financial year compared with 2015's $3.1 billion. "Maersk Line performed strongly on volume and unit cost", Skou added. 7 container-shipping company, filed for bankruptcy in August, stranding ships at sea. Earlier this week, Japan's three biggest container lines said they plan to merge their operations in an efforts to return to profit. (more...)
One week to go: Top races a virtual tie in North Carolina
- November 02, 2016

Husser says count on this one being "a nail-biter" until the bitter end. Thirty-eight percent of Trump voters and 32 percent of Clinton supporters said they were voting "with reservations" about their candidate. McCrory's campaign, and that's why we have the energy and momentum on our side". John Dinan, a political science professor at Wake Forest University, said it is "tough to say what influences undecided voters in the final week of the campaign". (more...)
Here's why Huma Abedin, not Hillary Clinton, may be the criminal Here's why Huma Abedin, not Hillary Clinton, may be the criminal
- November 02, 2016

Trump has overtaken Clinton in the ABC News/ Washington Post tracking poll, according to which the Republican candidate has the support of 46 % of the likely voters as against 45 % by the former secretary of state. That's not a significant difference, given the 5.5 point error margin at this sample size. Senator Harry Reid, the Democrat leader of the US Senate, accused the Federal Bureau of Investigation of double standards in a letter sent to Mr Comey on Sunday, while Ms Clinton said the ... (more...)
Ryan far from Wisconsin when Trump, Pence campaign there Ryan far from Wisconsin when Trump, Pence campaign there
- November 02, 2016

Nevertheless, the speaker never said that he would withdraw his support for Trump or that he would not vote for him, in contrast to certain other Republican lawmakers who, exhausted of the magnate's ongoing scandals, controversial remarks and insults, stopped backing him and even said they would vote against him. (more...)
Strike by Philadelphia transit workers enters 2nd day
- November 02, 2016

In an update posted Saturday on the TWU Local 234 website, the union said that SEPTA negotiators "stormed out" of a meeting. As of 5 p.m. Tuesday, no new talks had been scheduled. On Tuesday, Lassiter, who has already paid a $24 SEPTA pass for his usual travel, settled on an $11 Uber ride. The strike wasn't supposed to affect commuter rail lines and service in areas outside the city. (more...)
PMI touches 22-month high in October PMI touches 22-month high in October
- November 02, 2016

However, companies are cautious about payroll expansion, with the employment index rising only marginally, the Nikkei report said. Meanwhile, inflationary pressures picked up on the more accommodative stance of the Reserve Bank of India (RBI) and companies passed on higher prices. (more...)
Markets Right Now: US stocks close mostly unchanged Monday Markets Right Now: US stocks close mostly unchanged Monday
- November 02, 2016

The Standard & Poor's 500 index rose 3 points, or 0.2 percent, to 2,129. Conflicting polls created uncertainty over the outcome of the USA presidential election. "The reopening of the email investigation into Hillary Clinton certainly throws a wrench into the Presidential election now just eight days away", said John Briggs, head of fixed income strategy for the Americas at RBS, in a note to investors. (more...)
President Obama encourages voting at Capital University rally President Obama encourages voting at Capital University rally
- November 02, 2016

Prior to the president's arrival, a host of local democrats spoke, including former Ohio Gov. Ted Strickland, Columbus City Council President Zach Klein, and Bexley Mayor Ben Kessler. Mrs. Clinton and her team say there is nothing new in the investigation, but saturation coverage of Mr. Comey's decision has shaken the race and left her supporters anxious. (more...)
FY2016 Earnings Estimate for Marathon Petroleum Corp. Issued By Jefferies Group (MPC) FY2016 Earnings Estimate for Marathon Petroleum Corp. Issued By Jefferies Group (MPC)
- November 02, 2016

They should not be utilized to make stock portfolio or financial decisions as they are based on limited and open source information only. Cadence Capital Management LLC now owns 185,987 shares of the company's stock worth $7,060,000 after buying an additional 49,191 shares during the period. (more...)
Gannett, Tronc end merger talks, terms not 'acceptable' Gannett, Tronc end merger talks, terms not 'acceptable'
- November 02, 2016

Dickey said last week that the company was still interested in building its local-news footprint, suggesting that smaller deals might be coming. Up to Monday's close, Gannett's shares had lost about 50 percent of their value since it made its first offer for Tronc on April 25. (more...)
Electric-car maker Tesla plans to sell solar roof tiles, too
- November 02, 2016

The product will appeal to home builders and people looking to replace their roofs, Musk said , adding that the shingles would be more durable and have better insulation qualities than conventional roofs. Elon Musk, the biggest shareholder in both companies, presented four types of solar tiles that were installed on houses part of a former set for the Desperate Housewives TV series. (more...)
Butterball experts can help with all turkey troubles via text Butterball experts can help with all turkey troubles via text
- November 02, 2016

During the week heading into Thanksgiving, consumers will be able to text their cooking questions 24/7. The company's telephone hotline, a tradition since 1981, is already active and will remain in operation through Christmas Eve at 1-800-BUTTERBALL. (more...)
Bebe Stores, Inc. (NASDAQ:BEBE), JPMorgan Chase & Co. (NYSE:JPM) Bebe Stores, Inc. (NASDAQ:BEBE), JPMorgan Chase & Co. (NYSE:JPM)
- November 02, 2016

Ltd.'s holdings, making the stock its 10th largest position. Finally, 1832 Asset Management L.P. increased its stake in shares of JPMorgan Chase & Co.by 86.4% in the first quarter. The return on equity ratio or ROE stands at 9.5 percent while most common profitability ratio return on investment (ROI) was 6.6 percent. (NYSE:JPM) last posted its quarterly earnings data on Friday, October 14th. (more...)
Oil giant BP says earnings fell 48 percent in 3Q Oil giant BP says earnings fell 48 percent in 3Q
- November 02, 2016

However, that comfortably beat expectations of $719.2 million, according to analysts polled by Bloomberg . The result included net gain of $728 million for fair value accounting effects and non-operating items. "Lower oil prices continue to be a significant challenge across the business, and the outlook remains uncertain", he said. As a result, there's growing pressure on oil companies to contain costs. (more...)
Malaysia and China sign deals on navy vessels
- November 02, 2016

Malaysia's Prime Minister Najib Razak inspects Chinese honour guards during a welcoming ceremony outside the Great Hall of the People in Beijing on November 1, 2016. "It's a reflection of the very high level, mutual political trust between our two countries", Liu said. Najib said the government proposed to China that the facility to export raw and unclean bird's nests would be settled as soon as possible because it involved 10,000 swiftlet farmers in Malaysia. (more...)