Markets


Samsung Electronics reviews holding company structure
- December 04, 2016

Samsung's holding company then can offer its own shares to investors in exchange for shares in the operating company. Currently, companies within the wider Samsung Group are linked through a complicated web of cross shareholding, linking Samsung Electronics to many other Samsung's firms and affiliates ranging from shipping, to heavy industries to insurance business. (more...)
Traders keep bets on Fed rate hike later this month Traders keep bets on Fed rate hike later this month
- December 04, 2016

Economists had forecast payrolls rising by 175,000 last month and the unemployment rate remaining unchanged at 4.9 percent. Average hourly earnings fell three cents, or 0.1 percent, after shooting up 0.4 percent in October. This was unexpected, given that the tight labor market - characterized by a record number of job openings and fewer job seekers - put some upward pressure on wages in recent months. (more...)
Putin's presidential address focuses on economy, highlights Russia-China relations
- December 04, 2016

In a conciliatory state-of-the-nation address, Russian President Vladimir Putin on Thursday voiced hope for mending a rift with the US and pooling efforts in fighting terrorism. In the chess world championship that ended on November 30, President Vladimir Putin rooted for Sergey Karjakin, the Crimea-born grandmaster who took Russian citizenship five years before Russia annexed the Ukrainian peninsula. (more...)
Trump proposes imprisonment for citizens who burn United States flag
- December 04, 2016

Recht has practiced constitutional law for almost four decades. "To stand there and burn a flag that has given us so much freedom is a disgrace", said Eric Smith. "I think it is wrong". McCarthy's opinion was supported by Senate Majority Leader Mitch McConnell, who spoke out against flag burning - reiterating his previous stance on the issue. (more...)
Unemployement rate continues to drop as tt hits 9-year low
- December 04, 2016

Its decline to 4.6% came in well below the 4.9% estimate, hitting its lowest level since August 2007. Average hourly earnings are forecast increasing by 0.2 percent after shooting up 0.4 percent in October. The economy is near "full employment". For a year now, Fed officials have said they expect job growth to slow as the economy nears full employment. (more...)
Trump vows to put aside doubts over business empire
- December 04, 2016

On a call with Turkish President Recep Tayyip Erdoğan, Trump touted his Turkish business partner as "a close friend" and passed on remarks that he is "your great admirer", as The Huffington Post reported last week. "Although it is of course important that he have no involvement in Trump business operations, in order to avoid conflicts, he must also exit the ownership of his businesses through using a blind trust or equivalent". (more...)
Trump cheers 1100 Carrier jobs staying in IN, 1300 still trimmed
- December 04, 2016

Trump touched on nationalistic themes, vowing that from now on "it's going to be America first ". Nevertheless, Trump tweeted that giving the corporation $ 7 million in taxes breaks "is a great deal for workers". Congress, which is controlled by Republicans generally averse to new taxes, would need to approve such a plan. Bernie Sanders wrote in the Washington Post that USA workers' jobs are less secure because of the deal, since companies can simply threaten to move to Mexico in order ... (more...)
Foot Traffic, Online Traffic Stay Strong on Black Friday, NRF Says Foot Traffic, Online Traffic Stay Strong on Black Friday, NRF Says
- December 04, 2016

NRF found that only 9% of consumers have finished their holiday shopping, down from 11% past year. More than 154 million people made purchases during the four-day retail extravaganza that began Thursday on Thanksgiving, compared to 151 million a year ago, the National Retail Federation said. (more...)
Peyton Manning shows up at Giants practice to talk with Eli
- December 04, 2016

Under that scenario at the 2004 NFL Draft, the Steelers could have ended up with Philip Rivers , and Eli Manning could have stayed with the team that drafted him - San Diego - if he didn't end up elsewhere after expressing his desire to not play for the Chargers. (more...)
OPEC: bullish for oil prices, even more so for oil shares OPEC: bullish for oil prices, even more so for oil shares
- December 04, 2016

Oklahoma-based oil and natural gas stock prices surged to 52-week highs Thursday after the market received back-to-back days of bullish news for commodity prices. Prices rose 12 percent this week, the most since February 2011. "If no deal is reached, our expectation of rising (crude) inventories through 1H 2017 would warrant prices averaging $45 per barrel through next summer", Goldman said, noting a move to below $40 per barrel would be hard to sustain. (more...)
Apple reveals self-driving vehicle ambitions Apple reveals self-driving vehicle ambitions
- December 04, 2016

The world's largest tech company also asked that "established manufacturers and new entrants should be treated equally" by the NHSTA, in part to "promote fair competition". "While NHTSA does not have the ability to amend the FAST Act, it can amend the Policy to state that exemptions are not required for the controlled testing of internal development vehicles on public roads, provided they will never be used by the general public", Apple writes. (more...)
Lexington Realty Trust (NYSE:LXP), Pure Storage, Inc. (NYSE:PSTG)
- December 04, 2016

This means 82% are positive. The 52-week high is at -20.57% and the 52-week low stands at 32.83%. The highest target is now $51 and the most conservative target sees the stock hitting $43 within the year. This is a boost from Acadia Realty Trust's previous quarterly dividend of $0.25. 07/14/2016 - Brandywine Realty Trust was downgraded to "underweight" by analysts at KeyBanc. (more...)
Bloomington protest backs Standing Rock activists
- December 04, 2016

Stabler and other leading veterans, including Lonnie Wangen, commissioner of the North Dakota Department of Veterans Affairs, have tried contacting leaders of the Veterans Stand for Standing Rock , whom they say have been "misinformed", and also urge them to be in contact with law enforcement before they join the protests December 4 through December 7. (more...)
Computer experts say Iran behind Saudi cyber attack Computer experts say Iran behind Saudi cyber attack
- December 04, 2016

The FireEye spokesman said the malware contains embedded credentials, which suggests the attackers may have previously conducted intrusions to gather the necessary logins and passwords before later embedding them into the malware for the destructive attack. (more...)
Black Friday Online Sales Break $3 Billion Black Friday Online Sales Break $3 Billion
- December 04, 2016

Eric Denker and his wife, Jalen Denker, of Irvine, take advantage of sales to buy suits for business school interviews at South Coast Plaza in Costa Mesa, Calif., on Black Friday, Nov. Forget Doorbuster sales. This year, most of the action is taking place online. In-store visits dropped 1% over the two days of Thanksgiving and Black Friday, but that decline came from slower traffic on Turkey Day. (more...)
The jobless rate falls, for all the wrong reasons The jobless rate falls, for all the wrong reasons
- December 04, 2016

Real gross domestic product increased 3.2% in the July-September quarter, the most in two years. "The Fed is expected to inch rates higher again as early as its next meeting, later this month", he reports . rally that started the day after the election", Bank of the West chief economist Scott Anderson wrote. "It is not that firms aren't trying to hire, they just can not find qualified workers at the wages they want to pay", said Joel Naroff, chief economist at Naroff Economic Advisors in ... (more...)
Pearl Harbor observance Sunday in Youngstown Pearl Harbor observance Sunday in Youngstown
- December 04, 2016

The VR initiative is presented by the National Park Service in partnership with Pacific Historic Parks . The surprise Japanese attack precipitated the entry of the United States into World War II, one of the 20th century's defining conflicts, and in turn altered the shape of global power. (more...)
US health spending rose nearly 6%, fastest since 2007 US health spending rose nearly 6%, fastest since 2007
- December 04, 2016

The least popular piece of the law, particularly among Republicans and Independents, is the requirement that Americans buy health insurance or else pay a fine to the government. Increases in Medicaid spending will be a problem for states. "Its recent rapid growth was primarily due to increased spending on new medicines, price growth for existing brand-name drugs, increased spending on generics, and a decrease in the number of expensive blockbuster drugs whose patents expired". (more...)
GDP growth predictions cut to 1.4% for 2017
- December 04, 2016

Brexit "makes more urgent than ever the need to tackle our economy's long-term weaknesses", Hammond told parliament in his Autumn Statement exactly five months after the referendum. He also scrapped the usual format of Spring Budgets and Autumn Statements. George Osborne had meant to eliminate the deficit completely and achieve a budget surplus, initially by the end of the last parliament, then by 2020, but repeatedly missed borrowing targets. (more...)
Outrage in United Kingdom after animal fat used in bank notes
- December 04, 2016

In a new statement , the Bank said it did not know about the issue when the contract to produce the note was signed. The bank has pledged to work closely with supplier Innovia Films, the company which prints the polymer bills, in order to find "potential solutions". (more...)

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