Markets


Gap's third-quarter profit drops nearly 18 percent Gap's third-quarter profit drops nearly 18 percent
- November 18, 2016

The San Francisco, California-based retailer, which operates stores under its namesake brand as well as Banana Republic and Old Navy, earned $204 million, or 51 cents per share in the three-month period that ended October 29. CFO to depart" published on November 02, 2016 as well as Wsj.com 's news article titled: " Gap CFO Sabrina Simmons to Leave at End of Fiscal Year" with publication date: "November 02, 2016. (more...)
Winterwear, Halloween boost United Kingdom retail sales in Oct 2016 Winterwear, Halloween boost United Kingdom retail sales in Oct 2016
- November 18, 2016

The volume of retail sales in the United Kingdom jumped by 7.4% year-on-year in October, its highest rate of growth since April 2002, according to official figures . Slower job growth is also anticipated in the United Kingdom, resulting in a decreased in spare incomes of households. "That may well be telling us that the spending is coming from overseas", he said. (more...)
Volkswagen to cut 30000 jobs at VW brand by 2021 Volkswagen to cut 30000 jobs at VW brand by 2021
- November 18, 2016

CEO Matthais Mueller will head the hastily-arranged event at VW's headquarters in Wolfsburg, which is slated to kick off at 08:30 GMT, as the company struggles to overcome its year-old emissions scandal that many fear has permanently damaged the reputation of one of corporate Germany's strongest brands and cost the company at least €18 billion in fines and replacement costs. (more...)
Samsung acquires connected vehicle maker Harman in its 'biggest deal ever' Samsung acquires connected vehicle maker Harman in its 'biggest deal ever'
- November 18, 2016

Samsung Electronics announced a deal on Monday to buy Harman International Industries, an auto-part parts supplier that has been a leader in the connected vehicle solutions market. The deal includes HARMAN's various audio brands and will greatly expand Samsung's presence in the connected technologies and automotive electronics markets. (more...)
Hundreds protest in Texas against Dakota Access pipeline Hundreds protest in Texas against Dakota Access pipeline
- November 18, 2016

Before President-elect Donald Trump's unexpected win, the controversial Dakota Access Pipeline (DAPL) proposal and correlating protests gained a lot of attention on social media , with people all over the country checking into Standing Rock on Facebook in solidarity with protestors. (more...)
Ohio Dem to challenge Pelosi for minority leader Ohio Dem to challenge Pelosi for minority leader
- November 18, 2016

He hails from a battleground state that Trump won easily with the support of frustrated white working class voters. But Ryan's candidacy could lead to a historic first ; if he's elected, both of the senior party members in the House will have the last name Ryan. (more...)
Oil pipeline construction halted for more study Oil pipeline construction halted for more study
- November 18, 2016

The Tribe has been protesting the construction of the pipeline for months, arguing that it crosses through sacred land and ancestral burial sites. The Standing Rock Sioux Tribe says construction of the pipeline - which is now slated to run under the Missouri River - would affect its drinking water supply and put communities living downstream "at risk for contamination by crude oil leaks and spills". (more...)
San Francisco teachers union offers Trump lesson plan San Francisco teachers union offers Trump lesson plan
- November 18, 2016

Fakhra Shah said she wrote the Trump lesson plan about 2 a.m. on November 9 - just a few hours after the presidential election results rolled in. "I don't think he respects anybody of color", said senior Natalie Solano. "It's inappropriate on every level", Republican National Committee representative from California, Harmeet Dhillon, said. San Francisco is diverse, with many students whose families are in the country illegally and who are anxious by Trump's calls for deportation. (more...)
Cows Stranded by New Zealand Quake Live to See an Udder Day
- November 18, 2016

The small South Island tourist town of Kaikoura , a popular spot for whale watching, borne the brunt of the devastating quake. Australian, US and Canadian warships are heading to Kaikoura and their helicopters would increase the numbers that could be evacuated, Stuart-Black said. (more...)
How Tesla Model Y Would Learn From Model X Mistakes
- November 18, 2016

During the same quarter in the previous year, the company posted $-0.58 EPS. These analysts have also projected a Low Estimate of $-0.58/share and a High Estimate of $0.41/share. Tesla Motors Inc . has a one year low of $141.05 and a one year high of $269.34. Four analysts rating the company a strong buy, five analysts rating the company a buy, five analysts rating the company a hold, six firms rating the stock a underperform, and finally 0 firms rating the stock a sell with a consensus ... (more...)
Could Trump Really Dismantle the Iran Nuke Deal?
- November 18, 2016

And the biggest threat, when it comes to climate change and pollution, isn't going to come from us because we only have 300 million people. "The administration will come to the point that they have to honour the JCPOA (Joint Comprehensive Plan of Action) and that's the only right way forward", he said on the sidelines of a banking conference in Frankfurt. (more...)
Winding queues outside Chennai banks, many ATMs don't work
- November 18, 2016

This limit will be increased to Rs 4000 per day per card, from 19th November 2016 . However, the government stated that most of the ATMs will be back in operation from today. Although a few people were able to exchange their old money for new notes, there were strict caps on account withdrawals and most came away with bundles of lower-denomination bills. (more...)
Yellen says she isn't going anywhere when Trump takes office
- November 18, 2016

Mr Trump's new administration is setting out plans for potentially hundreds of trillions of dollars in tax cuts and infrastructure spending. Neil Wilson, market analyst at ETX Capital , said "the fact is a December rate hike has already been priced in - markets think there is a roughly 90% chance the Fed will increase the target federal funds rate". (more...)
President Obama Reassures Europe on Trump: NATO Is Here to Stay
- November 18, 2016

Obama said concepts like minority rights and equality under the law "grew out of this rocky soil" in a democratic project not yet complete. He says the ease of access to information globally can increase the sense of injustice and "this impulse to pull back from a globalized world is understandable". (more...)
Don't hoard currency, sufficient notes in supply: RBI
- November 18, 2016

Hundreds of millions of Indians do not have bank accounts and use only cash. RBI officials clearly said that as central government has prohibited co-op banks cooperative department to exchange cash and in this condition, no question to grant permission in the state arises. (more...)
Chinese yuan weakens to lowest level in 8 years Chinese yuan weakens to lowest level in 8 years
- November 18, 2016

His protectionist stance on trade could stoke US inflation by limiting inflows of cheap imports, though it is likely to hurt many other countries in the near-term and many investors suspect it will ultimately damage the USA economy as well. (more...)
OPEC pushes for consensus on oil cut OPEC pushes for consensus on oil cut
- November 18, 2016

Saudi Energy Minister Khalid Al-Falih will join fellow members of the Organization of Petroleum Exporting Countries in Doha this week for informal talks with Russian Federation. At about 15:40 GMT, Nymex-priced West Texas Intermediate crude was up 1.14% to $46.09 a barrel, while Intercontinental Exchange-traded Brent was up 1.18% to $47.18 a barrel. (more...)
Oil steadies as Saudi Arabia to meet with Russian Federation in Doha Oil steadies as Saudi Arabia to meet with Russian Federation in Doha
- November 18, 2016

Russian Federation is ready to support an OPEC decision to stabilize the market, Energy Minister Alexander Novak said. "More data over the coming months will provide further insight to allow a more detailed review of the USA economic situation, particularly after the most recent elections", Opec said in the report. (more...)
Wall Street closes higher after Fed chair Yellen's remarks Wall Street closes higher after Fed chair Yellen's remarks
- November 18, 2016

But she emphasised that policy must remain forward-looking. The ringgit opened lower against the US dollar today weighed down by regional sentiment as US Federal Reserve (Fed) Chair Janet Yellen signalled an increase in interest rates would come "relatively soon", dealers said. (more...)
Georgia man found guilty of murder in toddler son's hot-car death
- November 18, 2016

The boy was pronounced dead on June 18, 2014, after he spent about seven hours in a auto seat in Harris' locked sport-utility vehicle in the Atlanta area. Harris' trial was originally scheduled to begin in May in Cobb County, but after weeks of jury selection, the defense argued that it would not be able to find an unbiased jury and requested a change of venue. (more...)

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