Markets
Barcelona 6-1 PSG: Ivan Rakitic says Champions League win was 'crazy'
- March 09, 2017
The late salvo set-up a grand stand finale and Neymar would prove influential again, looping the ball forward for Sergi Roberto to poke beyond PSG goalkeeper Kevin Trapp to spark scenes of wild jubilation both on the pitch and in the stands. (more...)
- March 09, 2017
The late salvo set-up a grand stand finale and Neymar would prove influential again, looping the ball forward for Sergi Roberto to poke beyond PSG goalkeeper Kevin Trapp to spark scenes of wild jubilation both on the pitch and in the stands. (more...)
Oil prices fall below $56 amid reports of rise in United States stocks
- March 09, 2017
The bearish inventory report led to a massive sell-off in U.S. crude oil futures on March 8, 2017. Refinery maintenance season is now underway. "We will not bear the burden for free riders this time". It has 41 percent of the active drilling rigs in the US, and 15 percent of the world's working drilling rigs. Global inventories are declining. Oil prices climbed on March 9 due to a strong compliance with touted global production cuts, although a surge in USA crude inventories continued to ... (more...)
- March 09, 2017
The bearish inventory report led to a massive sell-off in U.S. crude oil futures on March 8, 2017. Refinery maintenance season is now underway. "We will not bear the burden for free riders this time". It has 41 percent of the active drilling rigs in the US, and 15 percent of the world's working drilling rigs. Global inventories are declining. Oil prices climbed on March 9 due to a strong compliance with touted global production cuts, although a surge in USA crude inventories continued to ... (more...)
AIG's Hancock Relinquishes CEO Role Amid Pressure From Carl Icahn
- March 09, 2017
That moved the CEO past the halfway point of his capital-payout goal, but Hancock nonetheless faced questions after the company lost $2.96 a share in the fourth quarter. The company has been under intense pressure from activist investors to break itself up. His replacement needs a better handle on risk and communication than predecessors and the nous to fend off a probable revived push for a breakup from Carl Icahn and John Paulson. (more...)
- March 09, 2017
That moved the CEO past the halfway point of his capital-payout goal, but Hancock nonetheless faced questions after the company lost $2.96 a share in the fourth quarter. The company has been under intense pressure from activist investors to break itself up. His replacement needs a better handle on risk and communication than predecessors and the nous to fend off a probable revived push for a breakup from Carl Icahn and John Paulson. (more...)
RadioShack files for bankruptcy again, closing 200 stores
- March 09, 2017
CEO Dene Rogers told The Wall Street Journal the bankruptcy was as a result of "surprisingly poor" mobile electronics sales as consumers flocked to Apple and online retailers like Amazon to purchase cellphones and high-profit accessories like cords, batteries and cases. (more...)
- March 09, 2017
CEO Dene Rogers told The Wall Street Journal the bankruptcy was as a result of "surprisingly poor" mobile electronics sales as consumers flocked to Apple and online retailers like Amazon to purchase cellphones and high-profit accessories like cords, batteries and cases. (more...)
Oil drops below $50 as selloff continues
- March 09, 2017
Supply from the 11 Opec members with production targets averaged 29.87 million bpd in February, down from 29.96 million bpd in January and 31.17 million bpd in December. Weekly data from EIA shows that U.S. oil production is back above 9.0 million bpd. "We are all learning, because this is new in the world of oil". Rising oil inventories suggest a "slippery path" for energy prices moving forward, said analyst Ipek Ozkardeskaya at London Capital Group, especially given the USA aim of ... (more...)
- March 09, 2017
Supply from the 11 Opec members with production targets averaged 29.87 million bpd in February, down from 29.96 million bpd in January and 31.17 million bpd in December. Weekly data from EIA shows that U.S. oil production is back above 9.0 million bpd. "We are all learning, because this is new in the world of oil". Rising oil inventories suggest a "slippery path" for energy prices moving forward, said analyst Ipek Ozkardeskaya at London Capital Group, especially given the USA aim of ... (more...)
Aviva share price rallies as insurer unveils capital return plans
- March 09, 2017
Headquartered in Surrey Street, Aviva has some 31 million customers across the world and the group is made up of a number of arms including general insurance, health insurance, life insurance and fund management. The company exceeded its target for the integration of Friends Life, delivering GBP270.0 million of run-rate synergies. And it acquired RBC General Insurance (RBCI), increasing its scale and strengthening distribution in the attractive Canadian general insurance market. (more...)
- March 09, 2017
Headquartered in Surrey Street, Aviva has some 31 million customers across the world and the group is made up of a number of arms including general insurance, health insurance, life insurance and fund management. The company exceeded its target for the integration of Friends Life, delivering GBP270.0 million of run-rate synergies. And it acquired RBC General Insurance (RBCI), increasing its scale and strengthening distribution in the attractive Canadian general insurance market. (more...)
Mortgage rates jump to 2017 high
- March 09, 2017
The report states that the average loan size for purchase applications reached a high of $313,000, and 30-year fixed rate mortgage interest rates increased from 4.30 percent to 4.36 percent. Points for 80% LTV loans increased to 0.26 from 0.25. For 30-year fixed-rate mortgages with jumbo loan balances (over $424,100), rates increased to 4.27% from 4.23%. (more...)
- March 09, 2017
The report states that the average loan size for purchase applications reached a high of $313,000, and 30-year fixed rate mortgage interest rates increased from 4.30 percent to 4.36 percent. Points for 80% LTV loans increased to 0.26 from 0.25. For 30-year fixed-rate mortgages with jumbo loan balances (over $424,100), rates increased to 4.27% from 4.23%. (more...)
Euro Rallies as ECB's Draghi Offers Optimistic Outlook at Press Conference
- March 09, 2017
He says it's too early to talk about dialing back the bond-purchase stimulus because core inflation excluding oil and food remains stuck at only 0.9 percent. In December, ECB announced extension to its current monetary policy. Economic data out of the U.S is on the lighter side this afternoon and, with the release of the U.S data coinciding with the start of the European Central Bank press conference, barring a particularly weak initial jobless claims figure, the data will likely be brushed ... (more...)
- March 09, 2017
He says it's too early to talk about dialing back the bond-purchase stimulus because core inflation excluding oil and food remains stuck at only 0.9 percent. In December, ECB announced extension to its current monetary policy. Economic data out of the U.S is on the lighter side this afternoon and, with the release of the U.S data coinciding with the start of the European Central Bank press conference, barring a particularly weak initial jobless claims figure, the data will likely be brushed ... (more...)
WhatsApp testing chat tools that would let businesses talk to users
- March 09, 2017
WhatsApp is testing a system that would allow businesses to talk directly to users of the messaging platform, as it seeks ways to finally make money from its service. A lot of technology startups run private trials with companies incubated at Y-Combinator. Umer Ilyas, the co-founder of Cowlar (one of the startups involved), said that the trial is still in early stages. (more...)
- March 09, 2017
WhatsApp is testing a system that would allow businesses to talk directly to users of the messaging platform, as it seeks ways to finally make money from its service. A lot of technology startups run private trials with companies incubated at Y-Combinator. Umer Ilyas, the co-founder of Cowlar (one of the startups involved), said that the trial is still in early stages. (more...)
Shell to offload Canadian oil sands for $7.25bn
- March 09, 2017
Shell took a US$2 billion charge in 2015 as it shelved the Carmon Creek oilsands development and van Beurden said last month that the company wouldn't take on any new oilsands projects. The move will be cheered by environ-mentalists, who have long cam-paigned against the damaging process of extracting crude from the clay-like tar sands found in northern Alberta. (more...)
- March 09, 2017
Shell took a US$2 billion charge in 2015 as it shelved the Carmon Creek oilsands development and van Beurden said last month that the company wouldn't take on any new oilsands projects. The move will be cheered by environ-mentalists, who have long cam-paigned against the damaging process of extracting crude from the clay-like tar sands found in northern Alberta. (more...)
Short Interest in Energy Transfer Is above Historical Average
- March 09, 2017
Annual earnings per share (EPS) growth noted at 21.30% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach 14.71% in coming 5 years. The stock hit 1-yearhigh at $172.65 and a low of $136.46 in the same period. The latest exchange of 1.75 Million shares is below its average trading activity of 3.27 Million shares. (more...)
- March 09, 2017
Annual earnings per share (EPS) growth noted at 21.30% in past 5 Years and Long-term annual earnings per share (EPS) growth is expected to reach 14.71% in coming 5 years. The stock hit 1-yearhigh at $172.65 and a low of $136.46 in the same period. The latest exchange of 1.75 Million shares is below its average trading activity of 3.27 Million shares. (more...)
Eli Lilly and Company (LLY) Position Boosted by Pacer Advisors Inc
- March 09, 2017
Credit Agricole S A now owns 1,399,966 shares of the company's stock valued at $102,967,000 after buying an additional 109,121 shares during the last quarter. The business's revenue was up 7.2% compared to the same quarter a year ago. For the ongoing Fiscal Quarter, 14 analysts have an average earnings forecast of $0.96 per share. (more...)
- March 09, 2017
Credit Agricole S A now owns 1,399,966 shares of the company's stock valued at $102,967,000 after buying an additional 109,121 shares during the last quarter. The business's revenue was up 7.2% compared to the same quarter a year ago. For the ongoing Fiscal Quarter, 14 analysts have an average earnings forecast of $0.96 per share. (more...)
European Central Bank Leaves Interest Rates Unchanged
- March 09, 2017
Unlike the U.S. Federal Reserve, which tackles inflation and employment, the European Central Bank has a singular price stability mandate, allowing it to focus on currency area inflation dynamics as it calibrates monetary policy. It may also debate but probably reject calls to give up a reference to lowering rates or buying more bonds if necessary. Indeed, the cost of insuring French government debt against default is up sharply, with five-year credit default swaps on French debt doubling ... (more...)
- March 09, 2017
Unlike the U.S. Federal Reserve, which tackles inflation and employment, the European Central Bank has a singular price stability mandate, allowing it to focus on currency area inflation dynamics as it calibrates monetary policy. It may also debate but probably reject calls to give up a reference to lowering rates or buying more bonds if necessary. Indeed, the cost of insuring French government debt against default is up sharply, with five-year credit default swaps on French debt doubling ... (more...)
It's (almost) official: The Fed is raising rates next week
- March 09, 2017
MSCI's all-country world stock index was off 0.22 percent. "What the Fed has to worry about is that if they hike in March, they also have to communicate to the market that this is not just a hike-every-quarter type of thing, kind of a hike cycle like we saw during the Greenspan era", Peters told Business Insider in a recent interview. (more...)
- March 09, 2017
MSCI's all-country world stock index was off 0.22 percent. "What the Fed has to worry about is that if they hike in March, they also have to communicate to the market that this is not just a hike-every-quarter type of thing, kind of a hike cycle like we saw during the Greenspan era", Peters told Business Insider in a recent interview. (more...)
Stock's Trend Analysis Report: Boston Scientific Corporation (NYSE:BSX)
- March 09, 2017
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . That puts the market capitalization at $33.4 bln. Finally, Citigroup Inc. increased their target price on shares of Boston Scientific Corporation from $28.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, October 6th. (more...)
- March 09, 2017
The transaction was disclosed in a document filed with the SEC, which is available through the SEC website . That puts the market capitalization at $33.4 bln. Finally, Citigroup Inc. increased their target price on shares of Boston Scientific Corporation from $28.00 to $29.00 and gave the stock a "buy" rating in a report on Thursday, October 6th. (more...)
Hawaii Gets OK To Challenge New Trump Immigration Ban
- March 09, 2017
Katyal's firm's website shows a proposed schedule that outlines the temporary restraining order would be filed today, Wednesday, March 8, 2017, and the USA government would file their opposition on Monday, followed by an oral argument on March 15. (more...)
- March 09, 2017
Katyal's firm's website shows a proposed schedule that outlines the temporary restraining order would be filed today, Wednesday, March 8, 2017, and the USA government would file their opposition on Monday, followed by an oral argument on March 15. (more...)
LGI Homes Inc (LGIH) Updates FY17 Earnings Guidance
- March 09, 2017
Navellier & Associates Inc now owns 51,002 shares of the company's stock worth $1,879,000 after buying an additional 2,049 shares during the period. "Our fourth quarter provided a solid finish with a record-breaking 4,163 homes closed for the year, achieving significant growth in revenues and active community count, and increasing basic earnings per share 36.2 percent over the prior year", LGI's chairman and CEO Eric Lipar said in a statement. (more...)
- March 09, 2017
Navellier & Associates Inc now owns 51,002 shares of the company's stock worth $1,879,000 after buying an additional 2,049 shares during the period. "Our fourth quarter provided a solid finish with a record-breaking 4,163 homes closed for the year, achieving significant growth in revenues and active community count, and increasing basic earnings per share 36.2 percent over the prior year", LGI's chairman and CEO Eric Lipar said in a statement. (more...)
Childrens Place Inc (PLCE) Updates FY18 Earnings Guidance
- March 09, 2017
One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. (The) in a report issued on Tuesday. Childrens Place presently has an average rating of "Buy" and an average price target of $96.07. This is a positive change from Childrens Place's previous quarterly dividend of $0.20. (more...)
- March 09, 2017
One analyst has rated the stock with a sell rating, seven have given a hold rating, eight have given a buy rating and one has given a strong buy rating to the company. (The) in a report issued on Tuesday. Childrens Place presently has an average rating of "Buy" and an average price target of $96.07. This is a positive change from Childrens Place's previous quarterly dividend of $0.20. (more...)
George Osborne Takes £650000 Per Year Banking Job While Remaining An MP
- March 09, 2017
As current Chancellor Philip Hammond announced his tight economic plans for the year ahead, his predecessor's flourishing personal finances were laid bare. The Tory MP, who was sacked last July by the prime minister, Theresa May, following the European Union referendum, will make the equivalent of £13,000 per day as an adviser to BlackRock, in addition to being eligible for share rewards. (more...)
- March 09, 2017
As current Chancellor Philip Hammond announced his tight economic plans for the year ahead, his predecessor's flourishing personal finances were laid bare. The Tory MP, who was sacked last July by the prime minister, Theresa May, following the European Union referendum, will make the equivalent of £13,000 per day as an adviser to BlackRock, in addition to being eligible for share rewards. (more...)
What Do Analysts Recommend for Whiting Petroleum?
- March 09, 2017
Beta factor is used to measure the volatility of the stock. The consensus recommendation, according to Zacks Investment research , is 2.26. Many Analysts provided their foresight on Revenue Estimates of Whiting Petroleum Corp. The oil and gas exploration company reported ($0.28) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.04. On July 27, 2016, it recorded $-0.7 a share in earnings which missed the consensus estimate of $-0.48 (negative surprise of -45.83%). (more...)
- March 09, 2017
Beta factor is used to measure the volatility of the stock. The consensus recommendation, according to Zacks Investment research , is 2.26. Many Analysts provided their foresight on Revenue Estimates of Whiting Petroleum Corp. The oil and gas exploration company reported ($0.28) EPS for the quarter, topping analysts' consensus estimates of ($0.32) by $0.04. On July 27, 2016, it recorded $-0.7 a share in earnings which missed the consensus estimate of $-0.48 (negative surprise of -45.83%). (more...)
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Tarullo Says Weak Inflation Clouding Fed's Rate-Hike Outlook