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China growth 'super steady' but slows to 26-year low

Retail sales rose 10.4 percent, down from 10.7 percent in 2015. Despite the better-than-expected end to the year, it is still the sixth successive year that the economy has slowed and the lowest annual GDP growth recorded in 26 years. The bureau also said that industrial production gained 6.0% on year in December, missing forecasts for 6.1% and down from 6.2% in November. China's Gini coefficient, an index reflecting inequality where zero equals ideal equality, stood at 0.465 in 2016, said ... Read More »

Did Whiting Petroleum's Stock Rise Due to Short Covering?


Occidental Petroleum Corp . The firm's market capitalization is $52.87 billion. The business had revenue of $2.65 billion for the quarter, compared to analysts' expectations of $2.69 billion. (NYSE:FL) for the current quarter. According to First Call, the consensus price target for the company is $13.96. OXY has been the subject of several recent research reports. Read More »

Fed's Yellen critiques Taylor interest rate rule


No so happy will be the new president Donald Trump, who told the Wall Street Journal this week the dollar was "already too strong" and the Chinese are lowering the value of the yuan "to make us angry". Such efforts, however, could gain more momentum with Trump in the White House. In her remarks, Yellen said that economics training can play an important role in improving the capabilities and creativity of the workforce. Read More »

Financial Watchlist of Energy Transfer Equity, L.P. (NYSE:ETE)

Currently, Energy Transfer Partners, L.P. (NYSE: ETP)'s 6 month price index is 0.97971. The stock has "Buy" rating given by Goldman Sachs on Monday, May 23. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website . Insiders own 0.80% of the company's stock. Read More »

Theresa May says Gulf states are keen on trade deals with UK


UKIP leader Paul Nuttall MEP told the European Parliament today that Britain is not a country that will be bullied easily by EU negotiators, following Prime Minister Theresa May's announcement of her Brexit objectives. The Irish government said it is "very aware of the potential economic opportunities that may arise for Ireland" from Mrs May's planned hard Brexit. Read More »

Vegemite Goes Home: Oreo Maker Sells to Australia's Bega

Ownership of Vegemite will return to Australian ownership after almost a century with the $450 million AUD sale of most of Mondelez International Inc .'s grocery business in Australia and New Zealand to Baga Cheese Ltd., the East Hanover, NJ company announced Wednesday. Read More »

Kinder Morgan reports quarterly profit of $170 million

The stock has a market capitalization of $50.86B and it has 2.23B outstanding shares. The Company has 52-week high of $23.36 and 52-week low of $11.2. The company has a 50 day moving average of $21.39 and a 200-day moving average of $21.24. When it comes to the Analysis of a Stock, Price Target plays a vital role. Read More »

Yellen Sees "A Few" Rate Hikes Per Year Until 2019


Yellen spoke Wednesday at the Commonwealth Club in San Francisco. Our foot remains on the pedal in part because we want to make sure the economic expansion remains strong enough to withstand an unexpected shock, given that we don't have much room to cut interest rates. Read More »

United Continental Holdings (NYSE:UAL) 4Q16 earnings; Beats Street View

UAL said it had a profit of $1.78 Earnings per Share for the quarter. Out of 18 analysts covering United Continental (NYSE: UAL ), 9 rate it a "Buy", 0 "Sell", while 9 "Hold". 10/24/2016 - United Continental Holdings, Inc . had its "buy" rating reiterated by analysts at Stifel Nicolaus. The current share price indicate that stock is -6.22% away from its one year high and is moving 90.52% ahead of its one year low. Read More »

Pearson lines up Penguin sale amid profit warning

The capitulation contrasts with months of optimistic statements by CEO John Fallon about the challenges Pearson faces in the US, where college enrollments and its testing business are down, and textbook sales unexpectedly declined. Pearson stock is now down 66% over the past three years, and the market is showing no confidence that the company will turn itself around anytime soon. Read More »

Kim Kardashian and Kendall Jenner will appear in 'Ocean's 8'

Both sisters donned white lace dresses for their scenes, with Kendall rocking a short-sleeved gown with diamond earrings, while Kim topped her sheer floor-length number with a white fur jacket. It's also been announced that Matt Damon will also be joining the cast, likely reprising his role as Linus Caldwell from the previous Ocean's movies, as will Damian Lewis. Read More »

Here's How Donald Trump Just Sent the US Dollar Diving

Meanwhile, trading firms are reaping the rewards from stronger currencies and bond-trading in the wake of the USA election, with Morgan Stanley saying momentum from a strong fourth quarter continued into the first weeks of 2017. holiday, officials at the International Monetary Fund said its forecast for global economic growth have been complicated by uncertainty over USA policies. Read More »

President Obama Commutes Chelsea Manning's Prison Sentence


Manning has been jailed for almost seven years after being sentenced to 35-years for the leak of more than 700,000 sensitive government documents. Earlier this month, WikiLeaks said it would agree to a U.S. forces executing an airstrike in Iraq that killed two Reuters journalists and at least 16 more civilians. Ecuador granted Assange asylum in 2012. Obama shortened the sentences for 209 inmates and granted 64 pardons on Tuesday. Read More »

Purchased milk in Massachusetts? You may be entitled to a cash settlement


How much money would you get back? That lawsuit was spearheaded by the animal rights group Compassion Over Killing . If you bought milk between 2003 and 2010, you can claim damages. "We're pleased that this settlement will return some of what consumers lost due to this massive fraud perpetrated for ill-gotten gains", Berman said. Read More »

Jump in bond trading during USA election helps Morgan Stanley beat forecasts

Shares in Morgan Stanley have risen by more than 30% since November. This is based on a PE of 12.9X his EPS estimate for the year 2017, which is close to biggest peers. raised their price target on Morgan Stanley from $30.00 to $32.00 and gave the company a "neutral" rating in a report on Monday, October 10th. Morgan Stanley had a return on equity of 7.57% and a net margin of 14.44%. Read More »

Brexit linked weaker pound boosts United Kingdom inflation to 1

In overall terms, the furniture, household equipment and maintenance category saw prices increase by 0.9% between November and December 2016, slowing from its rise of 1.1% a year ago. Inflation in the United Kingdom exceeded all predictions in December, as the underperforming sterling continues to take its toll on shop prices. "The longer-term picture is one of structurally low inflation - due in part to demographic reasons", said Ben Brettell, senior economist at Hargreaves Lansdown . Read More »

Wal-Mart Stores Inc

Telsey Advisory Group lowered their target price on shares of Wal-Mart Stores from $76.00 to $73.00 and set a "market perform" rating for the company in a report on Friday. Wal-Mart has been looking to trim costs and expenses as it tries to be more nimble and compete better with Amazon. But it bucks the trend of major brick-and-mortar retailers, which have been slashing jobs and closing stores. Read More »

Venezuela to propose new crude price formula 'soon'

The Organisation of the Petroleum Exporting Countries (Opec) agreed in November to cut production at the start of the year to try and reduce a supply glut that has depressed prices for more than two years. In the past fortnight (Dec 30, 2016- Jan 12, 2017), WTI and Brent oil prices declined by around 1.3 per cent and 1.4 per cent, respectively, while on the MCX, prices fell by around 1 per cent in the same time frame. Read More »

CNN Missed - Or Ignored - Key Facts About Tom Price's Health Care Stocks


Tom Price's path to confirmation. "The only pattern we see emerging is that Senate Democrats and their liberal media allies can not abide by the notion that Dr. A spokesperson for Price told CNN after the report came out that the investment, campaign contribution, and the bill's introduction had nothing to do with each other. Read More »

Luxottica and Essilor merge (2)

Luxottica increasingly competes with large luxury players such as Kering in a global eyewear industry worth about US$121 billion previous year, according to data from Euromonitor . Luxottica's shares would be delisted afterward, the companies said. Luxottica had a market value of about 24 billion euros as of Friday, with about 22 billion euros for Essilor . Read More »

Trump stimulus set to boost USA growth


In Latin America, the growth downgrade reflects to an important extent more muted expectations of short-term recovery in Argentina and Brazil following weaker-than-expected growth outturns in the second half of 2016, tighter financial conditions and increased headwinds from USA -related uncertainty in Mexico, and continued deterioration in Venezuela. Read More »

Holiday sales report shows boost in 2016


There were $469.1 billion in retail and food service sales in December, up 0.6% from the previous month and 4.1% from December 2015, according to the U.S. The Commerce Department noted that total retail sales in December were up by 4.1 percent compared to the same month a year ago, reflecting an acceleration from the 3.9 percent increase in November. Read More »

French Authorities Investigate Renault Emissions, Company Denies Wrongdoing


In a statement, Renault denied using any so-called defeat devices to cheat on emissions tests and said it complies with all French and European regulations. The probe follows the Volkswagen (VOWG_p.DE) diesel emissions scandal, which emerged in September 2015. The Italian-American company immediately denied the charges and pledged to work with President-elect Donald Trump's administration to resolve the issue "fairly". Read More »

Associated British Foods plc's (ABF) "Hold" Rating Reaffirmed at Shore Capital


The average 12 month price objective among brokers that have issued a report on the stock in the previous year is GBX 3,005.15 ($36.55). RBC Capital Markets today set a target price of 3300 on the company's stock. Stockholders of record on Thursday, December 15th will be issued a GBX 26.45 ($0.32) dividend. The ex-dividend date is Thursday, December 15th. The stock was purchased at an average price of GBX 2,595 ($31.56) per share, for a total transaction of £84,078 ($102,247.35). Read More »

Activists kick off week of protests ahead of inauguration


The next day, as many as 200,000 people will take to the streets of the capitol to protest Trump and his administration. There have been at least 1,200 bus permits requested for the city-run lot by RFK Stadium in Washington for the march on January 21, said D.C. Read More »

Portable potty name 'Don's Johns' not quite right for this Inauguration Day

The company's name is clearly visible upon close inspection, but is blocked for a wide-angle view by a TV or still camera. "We don't know why it's being done". During those events no one taped over the toilets with the company logo on full display. "We've never run into this before, someone placing this ugly blue tape over the logo", he added. Read More »