Markets


Intl. Trade Minister, Freeland, Says TPP Cannot Proceed Without U.S. Intl. Trade Minister, Freeland, Says TPP Cannot Proceed Without U.S.
- November 24, 2016

Malaysia is likely to wait until the US formally notifies the other parties that it does not intend to ratify the TPP, said Shahriman Lockman, a senior analyst at Malaysia's Institute of Strategic and International Studies, even though it is clear now that the 12-nation trade pact "is pretty much dead". (more...)
Sears' Black Friday deals will kick off on Thanksgiving
- November 24, 2016

Thanksgiving is just a day away now, and along with all the food, family, and holiday traditions comes the great shopping deals and huge store crowds. Stores like JCPenney are constantly dealing with new competition, and for them the early start could make a big difference. "Retailers feel the pressure during the holidays to provide the best deals to get shoppers through the doors, but this strategy can often do more harm than good", Greg Petro, chief executive officer of the retail ... (more...)
90% support demonetisation in PM App survey
- November 24, 2016

Most opposition members demanded that the debate should take place under adjournment motion, even as Biju Janata Dal and Telangana Rashtra Samiti (TRS) said they have not given adjournment notices. This is the Prime Minister's decision. Mamata, whose party had taken the lead in uniting the Opposition against the Government on the issue, was in the national Capital again after a gap of a few days and led a protest by four other parties at Jantar Mantar where she gave a call for Modi's ouster. (more...)
Cash van driver flees with Rs 1.37 crore in Bengaluru Cash van driver flees with Rs 1.37 crore in Bengaluru
- November 24, 2016

As people are still facing the challenge of demonetisation process, a driver of a private company which loads money to ATMs has fled with Rs1.37 crore in Bengaluru on Wednesday. There was Rs 1.37 crore in the Tata Sumo, in 100 and 2,000-rupee notes, when it was driven away from the city's busy Kempe Gowda Road. The police informed that the guard of the ATM was standing outside and the driver was sitting in the van. (more...)
Narendra Modi App initiates 'Share Your Opinion' to users about Demonetisation
- November 24, 2016

However a senior representative can reply to queries on behalf of the Prime Minister, but it is believed that Narendra Modi himself will be present to answer questions. "He ( Modi ) can go to a pop concert and speak, but 200 MPs of opposition are standing here demanding his presence", he said. "We will march separately and strike together", said CPI (M) General Secretary Sitaram Yechury, at a news conference. (more...)
Driver Runs Away with Vehicle Carrying 1.3 Crore of New Currency Driver Runs Away with Vehicle Carrying 1.3 Crore of New Currency
- November 24, 2016

The Bank of India zonal manager, Eshwarappa, said the company - Logitech - was responsible for collecting cash from different branches. Four special teams have been formed to track down the van and the driver named Dominic, a resident of Bangalore. (more...)
NASA launches highly-advanced weather satellite, claims it could save lives
- November 24, 2016

This is the first step into the future of weather forecasting, as this satellite will be capable of bringing in 40X the weather data we now receive. This will help forecasters save and protect lives that are impacted by extreme weather events. (more...)
Burlington Stores Inc. (BURL) Closed Challenging The Highs After Q3 Report Burlington Stores Inc. (BURL) Closed Challenging The Highs After Q3 Report
- November 24, 2016

Also, CFO Marc Katz sold 10,000 shares of the company's stock in a transaction that occurred on Monday, August 29th. 3 given Buy rating to the stock and 4 analysts given HOLD rating. Analysts surveyed by FactSet are looking for adjusted earnings of 33 cents per share on revenue of $1.32 billion. Executives hold 2.00 percent of the stock. (more...)
Dow sets new record as other indexes slip; tech stocks skid Dow sets new record as other indexes slip; tech stocks skid
- November 24, 2016

Pharmaceutical stocks were hit after drugs giant Eli Lilly said it would stop developing its Alzheimer drug following a trial failure. In particular, Facebook's shares rose 2.3 percent after the company announced a $6 billion stock buyback program. (more...)
China rebuffs Trump threat to take steps to win trade edge
- November 24, 2016

U.S. Secretary of Commerce Penny Pritzker said the JCCT has "focused on areas ripe for collaboration" and promoted more trade and commerce between the two countries over the past three years. As for the currency issue, Zhang said economists and government officials agree China is not manipulating its currency, and "significant progress has been made" toward establishing a market-based exchange-rate regime. (more...)
Father of injured oil pipeline protester says she may lose arm Father of injured oil pipeline protester says she may lose arm
- November 24, 2016

The sheriff's office has defended the policing activities, saying Dakota Access protesters were blocking a public road, staring fires in the region and throwing things at officers. They cited the recovery of three propane canisters at the site of the explosion. He made the trip to North Dakota with others to donate supplies to those standing at Standing Rock. (more...)
South Korean leader's office explains Viagra purchase
- November 24, 2016

Jung said the doses were bought for workers at the presidential office including Park's bodyguards. "(Park) has not yet accepted their resignations", he added. "When there is a cut on your skin, you can apply it to anesthetize the area", Jung said, dismissing the speculation that the cream was purchased to carry out cosmetic surgery. (more...)
Obama warns Trump that US underpins world order Obama warns Trump that US underpins world order
- November 24, 2016

US President Barack Obama on Sunday insisted Donald Trump still needs space free from criticism to get his team together and policies in place, but suggested he would speak out if core US values were threatened. He also commented on how he was treated by Republicans when he took office. The selection was no accident, as these counties had some of the highest percentages of voters in the entire country who voted for Obama in 2012 and Trump in 2016. (more...)
Can Black Friday be saved?
- November 24, 2016

At the Exton Square Mall, Macy's will be open from 5 a.m.to 2 a.m. on Thanksgiving while Boscov's has hours of 6 p.m.to 2 a.m. "It's to the shoppers' benefit to do their homework to ensure they are getting the best deal", Gregorski said. (more...)
Most US Federal Reserve members support rate hike 'relatively soon' Most US Federal Reserve members support rate hike 'relatively soon'
- November 24, 2016

Still, Fed officials remain split. Looking forward, most FOMC members wanted to raise rates soon, as of November 2nd. The economic backdrop has changed vastly since that meeting. The Fed indicated that continuing sub-2 percent inflation continued to be a primary factor in leaving rates unchanged this year. "Markets are now expecting a rate rise in December, with the federal futures market implying a 95 per cent probability of a 25 basis points hike at the FOMC meeting on 14 December". (more...)
Augusta Regional Airport takes on Thanksgiving crowds Augusta Regional Airport takes on Thanksgiving crowds
- November 24, 2016

AAA says more people will travel this Thanksgiving than in almost a decade. "We're headed to Cuba to have dinner with family, since we don't see them too often", said a traveler. "We wanted to create an easy dialogue between our team and the travelers, like a conversation you would have with friends", Farbstein said. Even though the airport is small.officials say wait times are still one of their biggest complaints. (more...)
5.6 quake shakes Japan, no tsunami risk 5.6 quake shakes Japan, no tsunami risk
- November 24, 2016

Utility company Tokyo Electric Power Company Holdings Inc. said no abnormalities were detected at its two nuclear power plants near the epicenter, including the crippled Fukushima Daiichi plant. Soon after that the agency had updated the magnitude of the tremor to 7.4. Officials also confirmed that there were no immediate report of injury or death. (more...)
US stocks recede from record highs; drugmakers skid US stocks recede from record highs; drugmakers skid
- November 24, 2016

The S&P 500 was up 4.46 points, or 0.2 per cent, at 2,202.64. The U.S. markets will be closed Thursday for Thanksgiving holiday. "Whenever you have the type of enthusiasm that we have witnessed over the past couple weeks, the risk for the pendulum to swing the other way is higher", said Mark Heppenstall, chief investment officer of Penn Mutual Asset Management. (more...)
Oil prices capped by doubts OPEC-led cut will end glut Oil prices capped by doubts OPEC-led cut will end glut
- November 24, 2016

With oil output among OPEC members running at around 34 million barrels a day, the market is suddenly looking at substantial cuts to get back to the level of 32 million to 33 million barrels a day when production curbs were first mooted earlier this year, Spooner said. (more...)
Trump Foundation violated 'self-dealing' ban, tax filings reportedly reveal Trump Foundation violated 'self-dealing' ban, tax filings reportedly reveal
- November 24, 2016

In a written statement, organization spokesman Jordan Libowitz said many questions remained to be answered. A spokeswoman from law firm Morgan, Lewis and Bockus, which uploaded the documents, declined to comment. Bondi, meanwhile, met with Trump in Manhattan last week and appears to be under consideration for an appointment in the Trump administration. Donald Trump may have won the presidential election, but the scrutiny over his business behavior and ethics is only just beginning. (more...)

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