Markets


Vodafone chief says India listing could help with any future Liberty tie-up Vodafone chief says India listing could help with any future Liberty tie-up
- July 23, 2016

Analysts had pencilled in growth of 1.8 per cent. The migration of its billing system which was meant to simplify the operation of customer accounts and open up services such as "click and collect", but ended up sending customers the wrong bills and information. (more...)
Benghazi survivor: 'Hillary Clinton failed to protect her people on the ground' Benghazi survivor: 'Hillary Clinton failed to protect her people on the ground'
- July 23, 2016

CLEVELAND, OH - JULY 18: A delegate becomes emotional while listening to the speech of Pat Smith, mother of Sean Smith, one of the four Americans killed in the September 11, 2012 terror attack on the U.S. "She told the American people a story about a video and a protest and we now know there was no evidence of that and at no time did she truly believe that", Pompeo said, "Indeed, we saw the email to her daughter, where she told her daughter it was a terrorist attack within hours of the ... (more...)
Stock futures edge up a day after Dow snaps winning streak Stock futures edge up a day after Dow snaps winning streak
- July 23, 2016

The Nasdaq Composite Index rose 1.1% to 5089.93 and the Standard & Poor's 500 Index gained 0.4% to 2173.02. And since Mr. Softie is also a Dow Jones Industrial Average stock, it helped the index gain 0.4%, maintaining its winning streak of nine consecutive closing highs. (more...)
Texas unemployment rate for June up slightly to 4.5 percent
- July 23, 2016

Florida's unemployment rate remained unchanged in June, marking the second month in a row where the jobless rate was at 4.7 percent. The total number of jobs increased to 4,387,600. The unemployment rate is lower than the national rate of 4.9 percent as of June 2016. Manufacturing jobs had increased numbers as well. "Non-farm employment remains above one million filled jobs", said Commissioner of Labor John H. (more...)
Honda plans research project with SoftBank in artificial intelligence Honda plans research project with SoftBank in artificial intelligence
- July 23, 2016

If you're a longtime reader, you'll probably know that my colleague Louis Basenese repeatedly emphasizes the importance of patents when it comes to tech companies - and ARM is basically a huge bucket of advanced patents. The recommended cash deal underlines the desire of SoftBank , which also owns struggling US telecommunications company Sprint , to expand in the so-called " Internet of Things " - how home devices from smart-thermostats to security cameras and domestic appliances can ... (more...)
Part 2 Of Tesla's 'Master Plan' Includes A Car That Drives Itself
- July 23, 2016

In the post describing his master plan, Musk talked about additional consumer vehicles, including both a compact SUV separate from the Model X, and a "new kind of pickup truck" - both of which he had alluded to before. Defending Tesla's decision to deploy its partially autonomous system, in light of a May 7 crash that killed the driver, Musk said Autopilot is significantly safer than a person driving himself when used correctly. (more...)
Donald Trump unveils Mike Pence as running mate
- July 22, 2016

Pence headed back to IN later IN the day, where he urged supporters to vote for Trump whom he called a good man who will make a "great president". Following a tumultuous 48 hours of worldwide news, Donald Trump kicked off his vice-presidential announcement with a brief foray into foreign policy. (more...)
Hillary Clinton To Hold Event At FIU Arena On Saturday
- July 22, 2016

The first day of the Republican National Convention in Cleveland wasn't hurting for drama. In what amounted to a closing argument, Christie said of Clinton, "We can not promote someone to Commander-in-Chief who has made the world a more violent and unsafe place with every bad judgment she has made". (more...)
Eagle quits Labour leadership race
- July 22, 2016

Eagle warned that the Labour Party "was not working" under Corbyn's leadership and that the leader did not have the confidence of his MPs. Acknowledging the appeal for Corbyn's radicalism in the party, Smith, however, said: "For that to have a real effect in Britain, we have got to be a powerful opposition to the current Tory government. (more...)
Turkey declares 3-month state of emergency
- July 22, 2016

Lt. Col. Levent Turkkan allegedly told interrogators that coup plotters wanted to detain top civilian and military leaders, a plan that largely failed. Since the attempted putsch by a faction of the armed forces collapsed on Saturday, leaving nearly 250 people dead after a night of aerial bombardment and street battles, thousands of army officers, judges and prosecutors have been detained. (more...)
Stocks pull back slightly after a record-setting win streak Stocks pull back slightly after a record-setting win streak
- July 22, 2016

While the Nasdaq is up 2.75 points or 0.1 percent at 5,092.68, the Dow is down 33.08 points or 0.2 percent at 18,561.95 and the S&P 500 is down 1.11 points or 0.1 percent at 2,171.91. Tesla is under scrutiny after one of its cars driving in Autopilot mode crashed in May, killing the driver. The West Texas Intermediate (WTI) benchmark for USA crude futures fell below $44 a barrel on Thursday for the first time since May. (more...)
Unilever H1 Pretax Profit Rises; Underlying Sales Up 4.7% Unilever H1 Pretax Profit Rises; Underlying Sales Up 4.7%
- July 22, 2016

Sales in North America were driven by "a strong delivery in our innovations in deodorants, dressings and ice cream", said Unilever , which makes Magnum, Ben & Jerry's and Cornetto. Earnings were boosted by higher cancer drug sales but also by a one-off gain from its pensions scheme. "We expected there to be a lot of volatility and a slowdown in many markets and we'd set the business on course for that", Chief Financial Officer Graeme Pitkethly said by phone. (more...)
Watch Ted Cruz Get Booed Offstage for Not Endorsing Donald Trump Watch Ted Cruz Get Booed Offstage for Not Endorsing Donald Trump
- July 22, 2016

Delegates were irate. Californian Shirley Husar, who just the night before had cast the Golden State's 172 delegate votes for Trump , said Cruz should be ashamed of himself. Then Cleveland's Quicken Loans Arena briefly erupted in chaos on Monday when opponents of Trump stormed out of the room and others chanted in a failed attempt to force a vote opposing his candidacy. (more...)
Mobile targets AT&T, Olympics with free service, device offers Mobile targets AT&T, Olympics with free service, device offers
- July 22, 2016

T-Mobile customers traveling to Europe this summer are getting free unlimited high-speed data, and now T-Mo has announced that customers traveling to the Olympics next month will be getting the same gift. AT&T holds a special role, as it's one of the official sponsors of the games. "If a member of your family qualifies for the biggest global sporting event on the planet, your damn phone bill is the last thing you want to worry about", John Legere, president and CEO of T-Mobile, said in a ... (more...)
Feds Say Health Mergers Would Increase Costs, Threaten Care
- July 22, 2016

Louis, Cigna and Anthem are the second- and third-largest insurers on the public exchange". The lawsuit says, "Today, the industry is dominated by five large insurers commonly referred to as 'the big five". Shortly after the DOJ announcement, Humana said "together with Aetna ", the company intends to "vigorously defend" the merger transaction, as reported by Reuters. (more...)
Markets Right Now: US stocks move higher, led by technology Markets Right Now: US stocks move higher, led by technology
- July 22, 2016

Stocks are moving higher in midday trading after several companies reported earnings that were better than investors were expecting. Nasdaq 100 e-minis were up 12.75 points, or 0.28 percent, on volume of 20,979 contracts. DEAL TROUBLES: Health insurers fell after Bloomberg News reported that US antitrust officials may move to block two big deals in the industry. The Chicago Board Options Exchange (CBOE) Volatility Index (NYSEARCA:VXX), Wall Street's preferred measure of market ... (more...)
Mehbooba Chairs All Party Meet on Kashmir Situation Mehbooba Chairs All Party Meet on Kashmir Situation
- July 22, 2016

He was countered by Editor of Rising Kashmir Shujaat Bukhaari who said that Government's spokesperson Education Minister Naeem Akhtar on Saturday had told a group of 20 editors that newspapers can not be published for three days. This came after Chief Minister Mehbooba Mufti offered an apology to a group of editors who met her in Srinagar for the inconvenience that may have been caused to them and the readers. (more...)
Trump says that Cruz has broken his loyalty oath in Cleveland
- July 22, 2016

But he said Cruz "didn't honor" the pledge that Republican primary candidates had made to support the eventual GOP nominee. Interrupted by chants of "Trump, Trump, Trump", Cruz paused and said with a smile, "I appreciate the enthusiasm of the NY delegation". (more...)
European Central Bank to keep level of stimulus unchanged
- July 22, 2016

It kept its deposit rate at minus 0.4 percent and the main refinancing rate at 0.00 percent, both record lows, as it seeks to cut borrowing costs for firms and force banks to lend money out rather than park cash with it. Draghi spoke cautiously also on the discussion swirling around Italy's troubled banks. Declining share prices can lead banks to pull back on lending as their capital buffers shrink, thereby affecting the transmission of monetary policy, Draghi said. (more...)
Existing Home Sales Continue to Rise Existing Home Sales Continue to Rise
- July 22, 2016

Buoyed by an uptick in first time home buyers, sales reached their highest rate since February 2007. "Existing sales rose again last month as more traditional buyers and fewer investors were able to close on a home despite many competitive areas with unrelenting supply and demand imbalances", NAR Chief Economist Lawrence Yun said. (more...)

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