Markets


Why is Rackspace (RAX) Soaring Almost 12% Today? Why is Rackspace (RAX) Soaring Almost 12% Today?
- August 07, 2016

Rackspace Hosting, Inc . (NYSE:RAX) has risen 15.60% since December 31, 2015 and is uptrending. The heightened volatility saw the trading volume jump to 39,66,910 shares. Compliance in the cloud, along with implementation of the requisite technology and processes to secure and protect sensitive customer data, presents an ongoing requirement for financial services, ecommerce, and healthcare businesses that have transformed workloads to the cloud or are considering making the shift. (more...)
US Adds a Robust 255K Jobs; Unemployment Stays 4.9 Pct
- August 07, 2016

July's report provides more evidence the economy is doing well, boosting the chances that interest rates will go up. The jobless rate for post-9/11 veterans, called Gulf War II-era veterans by the BLS, was pegged at 5.9 percent, up from 4.4 percent in June and 4.0 percent in May. (more...)
First 2 Zika-related birth defects reported in state
- August 07, 2016

Three people in Mercer County contracted the Zika virus making them part of the 80 overall travel-related cases in the state, the Christie administration has said. The San Francisco Health Department has confirmed two new Zika virus cases in the city of San Francisco Friday afternoon. Confirmed cases of Zika infection in California residents from 2015 through June 29, 2016 totaled 113, plus one non-resident, according to the CDPH. (more...)
Aetna Decides To Opt Out Of Obamacare Program
- August 07, 2016

But where GOP has failed time and again, private insurers may be succeeding. As a result of the transactions, Molina is expected to gain approximately 290,000 Medicare Advantage members in 21 states, preserving robust competition for seniors choosing to receive Medicare coverage through Medicare Advantage plans and addressing a key concern of the U.S. (more...)
Facebook opens hardware lab to make goods Facebook opens hardware lab to make goods
- August 07, 2016

Though Facebook is predominately known for its main social media product, the company is also a prolific hardware producer. Facebook's hardware teams from Connectivity Lab , Oculus, Building 8, and their Infrastructure team all work together collaboratively in this lab. (more...)
Newfield signs agreements to sell its Texas assets for nearly $390 million Newfield signs agreements to sell its Texas assets for nearly $390 million
- August 07, 2016

There are 6 equity research firms suggesting a Hold and 0 consider it Sell. It assesses shares price by the relative expense of the stock. Following the transaction, the chief executive officer now owns 298,596 shares of the company's stock, valued at approximately $12,227,506.20. (more...)
Donald Trump expected to finally endorse House Speaker Paul Ryan for reelection Donald Trump expected to finally endorse House Speaker Paul Ryan for reelection
- August 07, 2016

Trump's initial refusal to endorse in an interview with the Washington Post earlier this week - in which Trump also praised Ryan's primary challenger, Paul Nehlen - sparked fresh questions over Trump's viability in the race. However Mr Trump showed he is not mellowing by unleashing some new and deeply personal insults against his rival Hillary Clinton. If I endorse him, I'll get credit for being a team player at a moment when the party is struggling to unify and I'll get to say, ... (more...)
Crude Oil Prices Seen Picking Up Heading Into 2017
- August 07, 2016

The fuel market's weakness was also seen in physical markets, with Abu Dhabi National Oil Co (ADNOC) saying it had cut the July retroactive selling price for its benchmark Murban crude to $44.60 per barrel, dropping the grade's differential to Dubai to the lowest in eight months. (more...)
Alaska Air Adds Seattle-Indy, Wichita Flights Alaska Air Adds Seattle-Indy, Wichita Flights
- August 07, 2016

According to Alaska's website, the main-cabin fare on the inaugural flight to Seattle is $169 one way. Tickets for the new routes are now on sale. "This much-needed nonstop route will benefit our aviation businesses in particular". Service from Seattle to Indianapolis and Wichita, Kansas were announced today. In the past couple of years, Seattle-based Alaska has been aggressively growing its service to new cities, which now totals more than 110 cities with an average of 970 daily flights ... (more...)
Lawmakers slam Cuomo's economic development plans Lawmakers slam Cuomo's economic development plans
- August 07, 2016

In round one, the newly merged Charter Communications and Time Warner Cable will deliver high-speed internet to 34,000 homes in rural areas of the state. "Literally, 40 or 50 years", Gov. Cuomo said. About 2 million businesses and homes do not have high-speed service. The Program is created to ensure that New York's most remote communities receive the high-speed internet they need and deserve. (more...)
Jack In The Box Beats Estimates, Shares Spike 7% Jack In The Box Beats Estimates, Shares Spike 7%
- August 07, 2016

Q: Does Jack in the Box have spring left? After today's market close, the San Diego-based restaurant company reported adjusted earnings of $1.07 per share, topping analysts' estimates of 87 cents per share. The company said sales at its established Jack in the Box restaurants climbed 1.1% in the quarter ended July 3 . Importantly, JACK's 3QF16 results bucked that trend, as comps at both brands were at the high end of guidance, and EPS upside was large (even ex the lower quality ... (more...)
Apple given go-ahead to sell solar energy Apple given go-ahead to sell solar energy
- August 07, 2016

That means Apple Energy could sell power to public utilities, but can't offer its electricity directly to consumers. The 2,900-acre plant is located in Monterey County. Apple and Alphabet are two of several companies outside the utility industry with an interest in selling energy, capacity and other services needed to maintain reliable power. (more...)
GoDaddy Inc. (GDDY) Is Up After Q2 Revenues Topped Expectations GoDaddy Inc. (GDDY) Is Up After Q2 Revenues Topped Expectations
- August 07, 2016

GoDaddy (GDDY) late Wednesday reported Q2 revenue that topped estimates and raised full-year revenue guidance , sending shares in the internet domain name registrar up. Shares of GoDaddy (NYSE:GDDY) opened at 28.31 on Thursday. GoDaddy has climbed to a 1-month high and has re-crossed its 50 and 200-day moving averages. (more...)
This leaked GoPro video seems to show off the upcoming Hero 5 This leaked GoPro video seems to show off the upcoming Hero 5
- August 07, 2016

However, there is no guarantee that this could be the real Hero 5 camera. It is possible that the touchscreen on the new camera will not support BagPac, the LCD screen you can attach to GoPros that don't have a display. Could that - plus the lack of an open bus connector on the back - mean that the Hero 5 will be waterproof out of the box, just like the smaller Session? However, in the event that GoPro Hero 5 will, indeed, be bundled with Karma, gadget fanatics can expect the price to ... (more...)
Tesla posts another loss but says on track for future deliveries
- August 07, 2016

The revenue is anticipated to fall at $1.6 billion, 36% significantly higher than the $1.20 billion it generated a year ago. Analysts on average had expected a loss of 52 USA cents per share, according to Thomson Reuters I/B/E/S. The Model 3 is expected to start around $35,000. This led to the conclusion that even if Tesla has ramped up its speed in production; it still had to speed up their deliveries as well. (more...)
President Obama Says 'of Course the Elections Will Not Be Rigged'
- August 07, 2016

Referring to candidate Clinton's endless and crude lies, Charles Krauthammer certainly has a point: "What she needs are lying lessons from her husband", but both Obama and Clinton simply don't care how bare-faced and arrogant their fibs are: Even if the dumb folks won't buy it-they'll be forced to accept the government's lack of accountability. (more...)
Why is Crocs (CROX) Stock Plunging 25% Today? Why is Crocs (CROX) Stock Plunging 25% Today?
- August 07, 2016

The insider owns 1,026,929 shares which have current market value of around $8667281.REES ANDREW is another major inside shareholder in the company. California State Teachers Retirement System boosted its stake in Crocs Inc. Analysts polled by FactSet had been anticipating earnings of 15 cents a share. That would represent a -48.39 per cent year-over-year decrease. (CROX) reported Wednesday that its second-quarter net income attributable to common stockholders climbed 21.1 percent to $11.74 ... (more...)
Yuma reports first travel-related Zika case
- August 07, 2016

Florida has recently reported several locally transmitted cases. Despite no cases in Suwannee County, residents are still encouraged to take precautions and protect themselves as the type of mosquitoes that transmit Zika are present throughout Floirda. (more...)
Strong US jobs report brightens economic outlook Strong US jobs report brightens economic outlook
- August 07, 2016

The dollar rallied against a basket of currencies after the data was released, while prices for USA government debt fell as traders ramped up bets for an eventual rate hike. The 0.3 per cent increase in average hourly earnings left the year-on-year gain at 2.6 per cent. Meanwhile, more than one 2016 hike is also unlikely given that domestic and worldwide political risks may continue to unsettle financial markets, with a number of important and outcome-uncertain political events ahead on the ... (more...)
First case of Zika virus in Yuma
- August 07, 2016

The Miami Herald reported Friday that officials have identified another case of Zika in Southwest Miami and that officials are conducting tests on locals there to ensure that the number of Zika cases has not increased significantly. The current Zika outbreak was first detected a year ago in Brazil, where it has been linked to more than 1,700 cases of microcephaly, a birth defect marked by small head size that can lead to severe developmental problems in babies. (more...)

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