Markets


Steve Bannon and his history of attacks upon women Steve Bannon and his history of attacks upon women
- November 19, 2016

Bannon's presence, a mere step from the Oval Office, would make it impossible to take Trump's efforts to heal the US seriously, Reid said. "I say to Donald Trump , take responsibility, rise to the dignity of the office - the president of the United States - instead of hiding behind your Twitter account, and show America that racism, bullying and bigotry have no place in the White House or America", the outgoing Nevada senator said on the Senate floor. (more...)
New Hampshire, South Dakota post lowest jobless rates
- November 19, 2016

The jobless rate rose two-tenths of a percentage during the month, according to the Virginia Employment Commission. Labor force decreased by 200 to 813,000, employment went unchanged at 782,100, and the number of unemployed Idahoans fell by 200 people to 30,900. (more...)
Teary eyed Modi asks for 50 days to fix black cash
- November 19, 2016

India's decision to demonetise Rs. 500 and Rs. 1,000 currency notes was "bold and decisive" but the "risky" move is far from delivering a corruption-free country, the Chinese media said today. Banks were advised to increase the cash withdrawal limit at ATMs from the existing Rs 2000 ($29.5) to Rs 2500 ($36.9) per day in the recalibrated ATMs. (more...)
Yellen: Rate Hike Coming 'Relatively Soon'
- November 19, 2016

While traders have increased their expectations on the Federal Reserve raising interest rates at its December 13-14 policy meeting, the dollar rally may cause Fed policy-makers to reconsider such a move because of its repercussions on US exports, analysts said. (more...)
Russian Federation detains minister for bribe over Rosneft-Bashneft deal
- November 19, 2016

Ulyukayev's detention, announced by the Russian Investigative Committee, could impact bilateral talks on economic cooperation launched after Prime Minister Shinzo Abe presented Russian President Vladimir Putin in May with an eight-point plan aimed at paving the way toward settling the territorial dispute and concluding a post-World War II peace treaty. (more...)
Japanese PM Confident He Can Build Trust-Based Ties With President-Elect Trump
- November 19, 2016

Speaking to reporters afterwards, Mr Abe declined to reveal "details or specifics" of their conversation, but insisted it had been "very, very cordial". Japan relies heavily on exports to the USA, both goods shipped directly and Chinese-made goods such as Apple Inc.'s iPhone, that are packed with Japanese-made parts. (more...)
Tesla, SolarCity shareholders prepare to vote on merger
- November 19, 2016

How Will The Tesla - SolarCity Merger Benefit Homeowners? The proposed deal ran into some troubled waters back in September, when some Tesla shareholders filed a lawsuit over the buyout, but it's back on track now after both companies' shareholders voted to move forward with the merger plans. (more...)
USA dollar closes higher, breaches NT$32 mark USA dollar closes higher, breaches NT$32 mark
- November 19, 2016

The Nasdaq composite touched a record high, but turned lower and gave up 13 points, or 0.2 percent, to 5,321. "I think given the major indexes are at or near all-time highs, we're probably due for a little bit of a digestion period", said Terry Sandven, chief equity strategist at U.S. (more...)
PM Modi defends his surprise currency strategy PM Modi defends his surprise currency strategy
- November 19, 2016

Silencing his critics, the Prime Minister said in Goa that his decision was not a display of arrogance but aimed at fulfilling the commitments made to the nation. Blending emotion with aggression, the Prime Minister mounted a counter-offensive against the opposition over demonetisation of high-value currency notes, promising more anti-graft measures in future, "even if I'm burned alive". (more...)
Tesla, SolarCity get shareholder approval for merger
- November 19, 2016

Last month, Elon Musk went on stage to unveil the Tesla and SolarCity solar roof, a product that looks very similar to an ordinary home roof, but with each shingle instead being a small part of a large solar offering. It's not clear what role Lyndon Rive, SolarCity's CEO and Musk's cousin, will play in the combined company. Analysts surveyed by FactSet estimate that SolarCity is on track to report $711 million in revenue in 2016. (more...)
VW to Cut 30000 Jobs (VLKAY)
- November 19, 2016

The VW group has 12 brands from seven European countries: Volkswagen passenger cars, Audi, Seat, Skoda, Bentley, Bugatti, Lamborghini, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania and MAN. In fact, VW promises no compulsory layoffs through 2025. The cuts will be partly offset by 9,000 new jobs related to electric auto production and other new technologies. (more...)
Japan Prime Minister has 'great confidence' in Donald Trump after meeting
- November 19, 2016

Trump, in a brief entry on his Facebook page accompanied by a photo of the two men, said, " It was a pleasure to have Prime Minister Shinzo Abe stop by my home and begin a great friendship ". Vice President-elect Mike Pence also reportedly joined in on the conversation toward the end of the meeting. Politico reports her appearance at the meeting came after reports a Trump transition staffer asked about securing clearances for the incoming president's adult children, who are expected to ... (more...)
Police seek public's help in search for newborn
- November 19, 2016

Local police and the FBI are investigating the shooting of 27-year-old Laura Abarca-Nogueda and the disappearance of her daughter, Sophia Victoria Gonzalez Abarca, that happened sometime that afternoon in Wichita, Kansas, reports KSNW. Wichita police say they spent the night interviewing friends and family members about the case, but there have been no leads. Police took two suspects in for questioning. (more...)
Viewing Major Stock of Yesterday- Cognizant Technology Solutions Corporation's (CTSH)
- November 19, 2016

Taking a further look from a different perspective, the stock has been recently recorded -14.46% off of the 52-week high of 65.91 and +24.08% apart from the 52-week low of 45.44. While looking at the Stock's Performance, Cognizant Technology Solutions Corporation now shows a Weekly Performance of 4.78%, where Monthly Performance is 11.89%, Quarterly performance is -1.33%, 6 Months performance is -10.42% and yearly performance percentage is -13.61%. (more...)
Texas boosters pressing hard to oust Charlie Strong and hire Tom Herman
- November 19, 2016

Herman led Houston to a dominant 36-10 win over playoff contender Louisville on Thursday night, extending his winning streak as an underdog to eleven games. "They're not giving up", Haney's source said of Baylor's interest in Herman. Another concern of Texas' top boosters is the possibility Texas A&M decides to part ways with Kevin Sumlin for the opportunity to grab Herman, sources said. (more...)
Trump Claims to Save Auto Plant That Wasn't Closing
- November 19, 2016

Ford makes a sport utility vehicle, the Lincoln MKC, at a factory in Louisville, Kentucky. Ford and Fiat Chrysler are both shifting all small auto production for the USA market to Mexican factories. "A tariff like that would be imposed on the entire auto sector, and that could have a huge impact on the USA economy", Ford CEO Mark Fields said this week at the Los Angeles Auto Show. (more...)
Trump University: Trump settles lawsuits for $25 mn Trump University: Trump settles lawsuits for $25 mn
- November 19, 2016

But Mr Trump's lawyer Daniel Petrocelli said his client was pleased with the outcome, saying "he was willing to sacrifice his personal interests, put this behind him, and move forward". Trump said on Twitter . "I could have settled this case numerous times, but I don't want to settle cases when we're right". I don't do it because that's why I don't get sued very often, because I don't settle, unlike a lot of other people. (more...)
Volkswagen to drive down costs with 30000 job cuts Volkswagen to drive down costs with 30000 job cuts
- November 19, 2016

Among other things, VW has since agreed to a $15 billion settlement that includes $10 billion to buy back about 475,000 vehicles sold in the US that were equipped with a 2.0-liter turbodiesel. Jobs also will be eliminated in North America, Brazil and Argentina, VW said, without being more specific. After months of intense talks, labour and management agreed on a package to balance cost-cutting with investment as the auto industry shifts away from traditional combustion engines and adapts to ... (more...)
Pelosi faces new threats to her job Pelosi faces new threats to her job
- November 19, 2016

And, Pelosi said , "I think the American people deserve an investigation into how a foreign government had an impact on our election". He represents a large district in northeast OH that covers areas like Akron and Youngstown. For instance, there's increasing frustration from younger Democrats that the seniority system in their ranks doesn't allow members to move up on committees. (more...)
Opec deal to speed up oil market recovery, says Saudi Opec deal to speed up oil market recovery, says Saudi
- November 19, 2016

On the New York Mercantile Exchange, West Texas Intermediate futures slipped 0.9% at $45.02 a barrel. Brent crude oil futures LCOc1 were flat at $46.49 per barrel at 1101 GMT. In the provisional agreement, Opec members agreed to cut production to between 32.5m and 33m barrels per day (bpd). Experts say Iraq would have to compensate global oil companies for limits placed on their production if the OPEC deal is agreed. (more...)

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