Markets
Chinese businessman given death sentence in Tianjin blast
- November 10, 2016
The massive explosions in August 2015 at a chemical warehouse in Tianjin caused losses estimated at more than US$1 billion (S$1.4 billion) and sparked anger that the structure had been built so close to residential areas. The head of Rui Hai, Yu Xuewei, received a two-year suspended death sentence - normally commuted to life in prison - and was fined 700,000 yuan ($103,252) for his role in the disaster. (more...)
- November 10, 2016
The massive explosions in August 2015 at a chemical warehouse in Tianjin caused losses estimated at more than US$1 billion (S$1.4 billion) and sparked anger that the structure had been built so close to residential areas. The head of Rui Hai, Yu Xuewei, received a two-year suspended death sentence - normally commuted to life in prison - and was fined 700,000 yuan ($103,252) for his role in the disaster. (more...)
Clinton and Trump make final election visits to battleground states
- November 10, 2016
Trump, meanwhile, has denied claims that he has been stopped from tweeting by his campaign team as the battle for the White House heats up. "We are not Democrats first, we are not Republicans first, we are Americans first". The inquiry had sapped a surging Clinton momentum at a crucial moment in the race, though she still heads into Election Day with multiple paths to the 270 Electoral College votes needed to become the nation's first female president. (more...)
- November 10, 2016
Trump, meanwhile, has denied claims that he has been stopped from tweeting by his campaign team as the battle for the White House heats up. "We are not Democrats first, we are not Republicans first, we are Americans first". The inquiry had sapped a surging Clinton momentum at a crucial moment in the race, though she still heads into Election Day with multiple paths to the 270 Electoral College votes needed to become the nation's first female president. (more...)
Obama says he's heartened by Trump's call for unity
- November 10, 2016
The White House said Obama and Trump are expected to meet Thursday to discuss the handover of power and ongoing planning for the transition. "We're not Democrats first, we're not Republicans first, we are Americans first", he said in remarks in the Rose Garden moments after Hillary Clinton formally conceded defeat. (more...)
- November 10, 2016
The White House said Obama and Trump are expected to meet Thursday to discuss the handover of power and ongoing planning for the transition. "We're not Democrats first, we're not Republicans first, we are Americans first", he said in remarks in the Rose Garden moments after Hillary Clinton formally conceded defeat. (more...)
U.S. unemployment rate falls to 4.9% on solid job creation
- November 10, 2016
The median forecast in a Bloomberg survey called for 173,000 new jobs. That's still a full point above where it was a few years ago, but this difference-faster growth at the average compared to that of lower-paid workers-is suggestive of the earnings inequality pattern that's been embedded in our labor market for decades. (more...)
- November 10, 2016
The median forecast in a Bloomberg survey called for 173,000 new jobs. That's still a full point above where it was a few years ago, but this difference-faster growth at the average compared to that of lower-paid workers-is suggestive of the earnings inequality pattern that's been embedded in our labor market for decades. (more...)
CVS is about to lose more than 40 million prescriptions
- November 10, 2016
The consensus rating is 1.8, indicating analysts in general look favorably on the company's future prospects. The Low Price target projection by analysts is $73.99 and the Mean Price Target is $107.48. In the latest quarter, CVS Health had a profit of $1.54 billion, or $1.43 a share, up from $1.25 billion, or $1.11 a share, a year earlier. Stockholders of record on Monday, October 24th were given a $0.425 dividend. (more...)
- November 10, 2016
The consensus rating is 1.8, indicating analysts in general look favorably on the company's future prospects. The Low Price target projection by analysts is $73.99 and the Mean Price Target is $107.48. In the latest quarter, CVS Health had a profit of $1.54 billion, or $1.43 a share, up from $1.25 billion, or $1.11 a share, a year earlier. Stockholders of record on Monday, October 24th were given a $0.425 dividend. (more...)
Financial markets react to Trump presidency win
- November 10, 2016
The FTSE 100 had a rollercoaster ride as it opened 145 points, or 2% lower, wiping £37bn off the value of top UK-listed companies following a rush for safe havens, like gold, in Asia overnight. Both were threats to the bull market, and these have now been postponed. There will be an eagerness to roll back many Obama initiatives, above all Obamacare. (more...)
- November 10, 2016
The FTSE 100 had a rollercoaster ride as it opened 145 points, or 2% lower, wiping £37bn off the value of top UK-listed companies following a rush for safe havens, like gold, in Asia overnight. Both were threats to the bull market, and these have now been postponed. There will be an eagerness to roll back many Obama initiatives, above all Obamacare. (more...)
Delta Air Lines, Inc. (NYSE:DAL) Earns Consensus Hold Rating
- November 10, 2016
The firm has "Mkt Perform" rating by Bernstein given on Tuesday, October 11. Delta Premium, the most recent cabin experience from Delta Air Lines (DAL), will debut on select global flights in late 2017. $972,770 worth of Delta Air Lines, Inc . About 32,033 shares traded hands. Following the completion of the sale, the executive vice president now owns 72,156 shares in the company, valued at $2,922,318. (more...)
- November 10, 2016
The firm has "Mkt Perform" rating by Bernstein given on Tuesday, October 11. Delta Premium, the most recent cabin experience from Delta Air Lines (DAL), will debut on select global flights in late 2017. $972,770 worth of Delta Air Lines, Inc . About 32,033 shares traded hands. Following the completion of the sale, the executive vice president now owns 72,156 shares in the company, valued at $2,922,318. (more...)
Who will make it into President-elect Trump's cabinet?
- November 10, 2016
Pam Bondi: Politico called the Florida attorney general - who has been implicated in a scandal involving Trump University - "another possibility", though questions have been raised, as Fortune wrote, "whether Trump's $25,000 contribution influenced Bondi's decision not to investigate his notorious seminar school". (more...)
- November 10, 2016
Pam Bondi: Politico called the Florida attorney general - who has been implicated in a scandal involving Trump University - "another possibility", though questions have been raised, as Fortune wrote, "whether Trump's $25,000 contribution influenced Bondi's decision not to investigate his notorious seminar school". (more...)
Clinton on pace to win popular vote, despite losing election
- November 10, 2016
Trump referred to the upset as "historic" in his victory speech early Wednesday morning and called for unity after a divisive campaign, pledging to be "president for all Americans". But it's the one we got. He cast immigration, both from Latin America and the Middle East, as the root of problems plaguing many Americans and tapped into fears of terrorism emanating at home and overseas. (more...)
- November 10, 2016
Trump referred to the upset as "historic" in his victory speech early Wednesday morning and called for unity after a divisive campaign, pledging to be "president for all Americans". But it's the one we got. He cast immigration, both from Latin America and the Middle East, as the root of problems plaguing many Americans and tapped into fears of terrorism emanating at home and overseas. (more...)
Donald Trump Says Early Voting Lines Are Evidence of 'Rigged' System
- November 10, 2016
And more are coming to vote in person - 25,000 more as of Saturday , compared to all eight days of early voting in 2012. In heavily Hispanic Miami-Dade County, more than 460,000 people cast their ballots early, with long lines failing to prevent voters from breaking an early vote record, reported the Miami Herald. (more...)
- November 10, 2016
And more are coming to vote in person - 25,000 more as of Saturday , compared to all eight days of early voting in 2012. In heavily Hispanic Miami-Dade County, more than 460,000 people cast their ballots early, with long lines failing to prevent voters from breaking an early vote record, reported the Miami Herald. (more...)
Johnson, Feingold clash over latest FBI letter on Clinton
- November 10, 2016
The FBI announced Sunday that its review of those emails had not changed the conclusions it reached over the summer, when Comey recommended no charges be filed after a year-long investigation into Clinton's use of a private email server, even though he called her handling of classified information "extremely careless". (more...)
- November 10, 2016
The FBI announced Sunday that its review of those emails had not changed the conclusions it reached over the summer, when Comey recommended no charges be filed after a year-long investigation into Clinton's use of a private email server, even though he called her handling of classified information "extremely careless". (more...)
Starbucks Doesn't Just Have 1 Red Cup This Year - It Has 13
- November 10, 2016
The cups will hit stores around the world Thursday, with eleven of them available in USA locations. Three days later, Starbucks released a 30-second online video that said its holiday cups were returning November 10. The coffee company put out a call for customers to decorate cups with images of "acceptance and coming together to rejoice in the holidays, even though we celebrate different things". (more...)
- November 10, 2016
The cups will hit stores around the world Thursday, with eleven of them available in USA locations. Three days later, Starbucks released a 30-second online video that said its holiday cups were returning November 10. The coffee company put out a call for customers to decorate cups with images of "acceptance and coming together to rejoice in the holidays, even though we celebrate different things". (more...)
Asia sees changed United States ties, whoever wins
- November 10, 2016
Capital Economics says this would hurt China's electronics sector, which accounts for 50% of total Chinese exports to the US. George Magnus, senior independent economic adviser at UBS Group AG, says the $11 trillion Asian economy stands to lose from a more protectionist America. (more...)
- November 10, 2016
Capital Economics says this would hurt China's electronics sector, which accounts for 50% of total Chinese exports to the US. George Magnus, senior independent economic adviser at UBS Group AG, says the $11 trillion Asian economy stands to lose from a more protectionist America. (more...)
Stunned Mexico ponders new relationship with US
- November 10, 2016
In Europe, the U.K.'s FTSE 100 turned fractionally higher, while the Stoxx Europe 600 index lost 0.2%. In addition, Trump delivered a conciliatory acceptance speech early Wednesday morning, saying it was " time to bind the wounds of division". (more...)
- November 10, 2016
In Europe, the U.K.'s FTSE 100 turned fractionally higher, while the Stoxx Europe 600 index lost 0.2%. In addition, Trump delivered a conciliatory acceptance speech early Wednesday morning, saying it was " time to bind the wounds of division". (more...)
Trump's conciliatory speech helps soothe market concerns
- November 10, 2016
USA stock index futures tumbled in choppy trade on Tuesday as tight races in key states including Florida and OH stoked bets that Republican Donald Trump could win the US presidential election, spooking investors who have been counting on a victory by Democrat Hillary Clinton. (more...)
- November 10, 2016
USA stock index futures tumbled in choppy trade on Tuesday as tight races in key states including Florida and OH stoked bets that Republican Donald Trump could win the US presidential election, spooking investors who have been counting on a victory by Democrat Hillary Clinton. (more...)
RBNZ chief says rate was cut in light of USA election results
- November 10, 2016
The currency rose 0.64 U.S. cents to 73.59 United States cents after the announcement. Thirty of 33 economists polled by Reuters had expected the RBNZ to cut rates by 25 basis points this week. Headline inflation continued to track below the target range by ongoing negative tradables inflation. High net immigration is supporting growth in labour supply and limiting wage pressure. (more...)
- November 10, 2016
The currency rose 0.64 U.S. cents to 73.59 United States cents after the announcement. Thirty of 33 economists polled by Reuters had expected the RBNZ to cut rates by 25 basis points this week. Headline inflation continued to track below the target range by ongoing negative tradables inflation. High net immigration is supporting growth in labour supply and limiting wage pressure. (more...)
Ireland Prefers Not to Collect Apple Inc. (AAPL) Taxes: Here's Why
- November 10, 2016
Apple and the Irish Government previous said that they would be appealing the ruling by European regulators on the Apple tax deal with Ireland. Addressing the EU's Economic and Monetary Affairs Committee on Tuesday, Ireland's minister of finance Michael Noonan reiterated that his government fundamentally disagrees with the Commission with regard to Apple. (more...)
- November 10, 2016
Apple and the Irish Government previous said that they would be appealing the ruling by European regulators on the Apple tax deal with Ireland. Addressing the EU's Economic and Monetary Affairs Committee on Tuesday, Ireland's minister of finance Michael Noonan reiterated that his government fundamentally disagrees with the Commission with regard to Apple. (more...)
Illinois election focuses on Senate, legislative races
- November 10, 2016
The effects can be seen up and down the ballot. But the battle between incumbent Republican Sen. Bob Dold's re-election bid in the North Shore 10th Congressional District against former Democratic congressman Brad Schneider. The governor also has said he was not interested in individual campaigns despite his significant financial investment. "I'm going to serve the people of IL like she did - which is always leading with the heart first". (more...)
- November 10, 2016
The effects can be seen up and down the ballot. But the battle between incumbent Republican Sen. Bob Dold's re-election bid in the North Shore 10th Congressional District against former Democratic congressman Brad Schneider. The governor also has said he was not interested in individual campaigns despite his significant financial investment. "I'm going to serve the people of IL like she did - which is always leading with the heart first". (more...)
Wal-Mart Stores Inc.'s (WMT) Stock Under Consideration
- November 10, 2016
Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Wal-Mart Stores, Inc. Buckingham Research restated a neutral rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. (more...)
- November 10, 2016
Zacks also gives an average broker rating based on the sell-side recommendations from the analysts who cover Wal-Mart Stores, Inc. Buckingham Research restated a neutral rating on shares of Wal-Mart Stores in a report on Thursday, August 18th. (more...)
Trudeau congratulates Trump on U.S. election win
- November 10, 2016
The climate policies of USA president Barack Obama and Canadian Prime Minister Justin Trudeau advanced largely in tandem over the past year. Early Wednesday, searches for "canada imigration [sic]" and "canada citizenship" were up 4,800 percent and 4,550 percent, respectively, over the past 24 hours, according to Google Trends. (more...)
- November 10, 2016
The climate policies of USA president Barack Obama and Canadian Prime Minister Justin Trudeau advanced largely in tandem over the past year. Early Wednesday, searches for "canada imigration [sic]" and "canada citizenship" were up 4,800 percent and 4,550 percent, respectively, over the past 24 hours, according to Google Trends. (more...)
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HSBC cuts headcount by 35,000 in next three years