Markets


Highlights of the 2017-18 BC budget Highlights of the 2017-18 BC budget
- February 22, 2017

The B.C. government released its 2017-2018 budget this afternoon, which boasts a projected fifth consecutive surplus. He has set aside a contingency fund of $400 million in the next fiscal year to cover unexpected costs. The province now takes in about $164 million a year from the tax. The province plans to spend a record $13.7 billion over the next three years on capital investments in schools, roads, hospitals and public safety. (more...)
DHS Orders Creation of VOICE Office to Help Victims of Criminal Aliens
- February 22, 2017

The memos don't overturn one important directive from the Obama administration: a program called Deferred Action for Childhood Arrivals that has provided work permits to more than 750,000 immigrants who came to the country illegally as children. (more...)
Mitch McConnell confronted by protests in Kentucky Mitch McConnell confronted by protests in Kentucky
- February 22, 2017

WHAS11's Political Editor Chris Williams talked to some of the protestors. McConnell, the Majority Leader of the Republican controlled U.S. Senate, like a lot of his Republican colleagues in Congress, has met an energized resistance and reception from crowds back home unhappy with Trump's election and the rocky first month of his administration. (more...)
The Hot Stock: Scripps Networks Interactive Jumps 7.2% The Hot Stock: Scripps Networks Interactive Jumps 7.2%
- February 22, 2017

Scripps said it earned an adjusted $1.02 a share on revenue that rose 4.3% to $888.7 million. Scripps Networks Interactive, Inc (NASDAQ:SNI) has risen 15.91% over the past 6 months and is uptrending. Scripps Networks Interactive, Inc .'s ( SNI ), a stock from Broadcasting - TV Industry, has a value of $76.04 per share, noted a price change of -1.37% in recent trade close. (more...)
American, United Begin Selling Basic Economy Fares American, United Begin Selling Basic Economy Fares
- February 22, 2017

American Airlines is the second legacy US carrier to adopt simplified economy fares behind Delta Airlines, which launched its own version of the product past year. Carry-on bags limited to one personal item, unless the customer is a MileagePlus Premier member, or companion traveling on the same reservation, a primary cardmember of a qualifying MileagePlus credit card, or Star Alliance Gold member. (more...)
Oil prices flatline as United States drilling counters OPEC output cuts
- February 22, 2017

Oil prices rose after the comments, trading above $57 a barrel in London . "The impact of falling oil prices on global upstream development spend has been enormous", Malcolm Dickson, principal analyst at Wood Mackenzie, said in the report . (more...)
Wal-Mart Stores, Inc. (NYSE:WMT) Analyst Estimates
- February 22, 2017

This insider holds 3,576,599 shares with a market value around $248108672.63 as of recent close. Amazon remains dominant in the online market, but Wal-Mart is spending billions to catch up. In its fourth quarter and year-end earnings report Tuesday, Walmart said online sales increased 29 percent in the us and 15.5 percent globally. (more...)
First Solar, Inc. (NASDAQ:FSLR) Jumps 1.75% Tuesday's Premarket First Solar, Inc. (NASDAQ:FSLR) Jumps 1.75% Tuesday's Premarket
- February 22, 2017

Company price to earnings (P/E) ratio, which measures the relationship between the earnings of a company and its stock price, is calculated as 7.13. Reporting a potential upside of 0.09%, Vetr Inc. It has ranged in price between $33.5-$34.9 after having started the session at $34.05 as compared to the previous trading day's close of $34.11. The most recent short interest data show 22.21% of the company's stock are short sold. (more...)
Wells Fargo fires four managers over unauthorized accounts scandal
- February 21, 2017

The fired employees include Claudia Russ Anderson, former community bank chief risk officer; Pamela Conboy, a regional president for Arizona; Shelley Freeman, former Los Angeles regional president and now head of consumer credit solutions; and Matthew Raphaelson, head of community bank strategy and initiatives. (more...)
You Could Still Find A Special £5 Note Worth £50000
- February 21, 2017

In a lovely act of kindness, a rare £5 note with an estimated value of £49,836 has been discovered in Fermanagh, Ireland, but rather than keep the proceeds for herself, the owner has chose to generously give the money to charity. For those hunting down the last remaining fiver, the serial number to look out for is AM 32 885554. 'It has just been found a couple of weeks ago. (more...)
Stock Roundup: Wal-Mart Stores Inc. (NYSE:WMT)
- February 21, 2017

Biggs said. (NYSE:WMT) where Susquehanna provided Positive rating on the stock on 10-Feb-17. Amazon remains dominant in the online market, but Wal-Mart is spending billions to catch up. Wal-Mart Stores was Resumed by Stifel on Jan 20, 2017 to Hold, Price Target of the shares are set at $70. Finally comes the ratings part in which the WMT was evaluated with 1none of analyst of WSJ going for Buy ratings in previous quarter, while at present 11 analysts gave Buy ratings from whole pool. (more...)
First Lady: A Dead Mugabe Would Still Win Elections in Zimbabwe First Lady: A Dead Mugabe Would Still Win Elections in Zimbabwe
- February 21, 2017

It comes after his wife, Grace Mugabe, said he could "run as a corpse" in the next election. Mrs. Mugabe made the declaration while addressing a rally of the ruling Zanu-PF party supporters in Buhera, a region south-east of the capital Harare , reports Newsday . (more...)
Wal-Mart experimenting with own convenience store in Crowley
- February 21, 2017

In early trading on Tuesday, shares of Wal-Mart Stores ( WMT ) topped the list of the day's best performing Dow Jones Industrial Average components, trading up 2.7%. The company also said Tuesday that it is raising its dividend. The Walmart U.S. segment includes the Company's mass merchant concept in the United States operating under the Walmart or Wal-Mart brands, as well as digital retail. (more...)
Germany Says It Wants To Bump Up Its Defense Spending - Eventually
- February 21, 2017

Saturday, the second day of the Munich Security Conference (MSC) in Germany will feature talks on the recent flare-up of violence in eastern Ukraine both on the main agenda and on the sidelines. Germany, under increasing pressure by United States leaders to increase its military spending, would do "everything possible" meet a North Atlantic Treaty Organisation target for spending 2 per cent of economic output on defense by 2024, Merkel told the conference. (more...)
UPS drivers may tag team deliveries with drones UPS drivers may tag team deliveries with drones
- February 21, 2017

The octocopter delivered its payload at a home on the property and then flew back to the truck, which had moved down the road to allow its driver to make another delivery. To accomplish this mission, UPS used a Workhorse HorseFly UAV Delivery system in their first truck-launched drone delivery. Outside of controlled tests, the Federal Aviation Administration doesn't allow for most forms of delivery drones, so don't expect a package-toting flying object to buzz overhead anytime soon. (more...)
Macy's Profit Drops 13% As Store Closures, Layoffs Take Their Toll Macy's Profit Drops 13% As Store Closures, Layoffs Take Their Toll
- February 21, 2017

Revenue fell 4% to $8.5 billion, trailing S&P Global Market Intelligence expectations of $8.6 billion. During the fourth quarter, net income fell to $475 million, or $1.54 per share, from $544 million, or $1.73 per share, a year earlier. In terms of guidance for the fiscal 2017 year, Macy's expects to see EPS in the range of $3.37 to $3.62 and total sales to be down between 2.0% to 3.0%, with comparable sales down 2.2% to 3.3%. (more...)
HSBC profits slump 82% on string of 'unexpected' events HSBC profits slump 82% on string of 'unexpected' events
- February 21, 2017

Despite the earnings miss, Goldman Sachs said it believes the Hong Kong and London-based giant is growing at a fast enough pace to mitigate the effects of the headwinds it is facing. The bank the search for a successor to Flint in 2017 "remains on track". But the subsequent emergence of major compliance failures at those operations ate into the bank's bottom line and hurt its reputation, leading HSBC to radically restructure the business. (more...)
Oil rises, but growing USA output threatens rally
- February 21, 2017

Crude prices could plunge toward $30 a barrel - a rout of about 40 per cent from current levels - unless OPEC extends production cuts that are propping up the market, ABN Amro Bank NV said . "At the crux of the matter is that 90 percent Opec compliance is being balanced by ever increasing USA shale production", he added. WTI crude is 2.15% today to $54.55. (more...)
HSBC says 2016 net profit dived 82% HSBC says 2016 net profit dived 82%
- February 21, 2017

HSBC's profits were partly hit by its decision to write off the remaining $ 3.2 billion in its European private banking business, stemming from its 1999 purchase of Safra Republic Holdings. The bank, which employs around 240,000 around the world, said it " is subject to an investigation by the FCA into compliance with United Kingdom monetary laundering investigations and financial crime systems and control requirements". (more...)
The sooner the better for Fine Gael leadership change, says Alan Dukes The sooner the better for Fine Gael leadership change, says Alan Dukes
- February 21, 2017

With calls increasing for Kenny to spell out his plans, his spokesman said he would not comment until a meeting of his Fine Gael party on Wednesday. Minister for Housing Simon Coveney has told RTÉ's The Week In Politics that he expects Taoiseach Enda Kenny will stand aside as leader of his party and his country after his March trip to Washington. (more...)

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