Tuesday, 19 February 2019
Latest news
Home » Markets


Your Magic Eight Ball for 2017: Jake Tapper Disapproves


He made very clear I think most recently and most vividly at his joint press conference with the Prime Minister of the UK Theresa May that he, President Trump , hardly knows Vladimir Putin. "Agreed, and let me just say it has to go both ways". "I don't think CNN is 'fake news.' I think there are some reports everywhere, in print, on TV, on radio, in conversation, that are not well-researched and are sometimes based on falsehoods", Conway said. Read More »

Oil rebounds as USA petrol supplies fall

Brent crude oil futures fell 0.67 dollar or 1.2 percent to close at USD 55.05 a barrel at NYMEX. West Texas Intermediate for March delivery rose 15 cents to $US52.32 a barrel at 12.29pm on the New York Mercantile Exchange. United States distillate inventories could have risen by 0.3 MMbbls during the same period. While OPEC members implement pledged cuts and Russian Federation says its own reductions are ahead of schedule, USA production has edged higher as drillers targeting crude boosted ... Read More »

Ford Expedition slims down, techs up

The regular Expedition is now 4 inches longer with a 3 inches addition to the wheelbase, while the long-wheelbase model, now called Expedition Max comes only with an additional inch in length. The Expedition is equipped with Sync 3 and is compatible with Apple CarPlay and Android Auto . The Wi-Fi system is admirable because more than 10 devices can be connected to it and it has a 50-foot range. Read More »

Will Time Warner's Focus on Original Programming Pay Off in Dividends?

Time Warner attributed the decline to $1 billion it spent in debt repurchases. Wall Street had forecast earnings per share of $1.19 on $7.72 billion in revenue, per Yahoo Finance. Time Warner (NYSE:TWX) traded up 0.31% on Wednesday, reaching $96.52. Time Warner Chairman Jeff Bewkes said the companies "remain on track to close the transaction by the end of the year". Read More »

Canada gives aid to Bombardier, vows to defend any trade dispute

The funding, to be distributed over four years, will support the Montreal-based plane and train maker's new Global 7000 business jet and C Series passenger jet. "I am very much prepared to fight for what we are doing", he said. In addition, the newly announced fund will support several middle-class jobs and help Bombardier to build new-generation aircraft. Read More »

Surging inflation may soon lead to interest rate hike, policymaker warns


Bank of England policy maker Kristin Forbes said if the United Kingdom economy continues on its current trajectory, accelerating inflation may push her to vote for an interest-rate increase. A cooling off in inflation at home will help, too; retail inflation decelerated to a two-year low of 3.41% in December. She said the UK's impressive performance since last June has made it "increasingly difficult" to justify keeping rates at the record low of 0.25% with inflation predicted to surge close ... Read More »

Michael Kors Holdings Ltd (KORS) Stock Crumples on Weak Q4 Outlook


During the same quarter in the previous year, the company posted $1.59 EPS. The company's last traded volume of 2.87 million shares as compared to it's an average volume of 2.6 million shares. Idol, chairman/CEO of Michael Kors . On the sales side, KORS's revenues are expected to retreat to $1.4B versus prior year's Q3 result of $1.4B. Read More »

Russian Federation decreases its output under global oil cut deal


Crude oil prices are holding steady above $50 per barrel in response to an effort from the Organization of Petroleum Exporting Countries to balance the market through managed declines. It is the latest oil major to miss forecasts following worse-than-expected results from Royal Dutch Shell, Chevron and Statoil. West Texas Intermediate, the US benchmark price for crude oil, was down 0.53 percent to $52.73 per barrel. Read More »

BP profits show signs of recovery but fall short of analyst expectations


In 2010, a deadly explosion on a BP-leased drilling rig, the Deepwater Horizon , unleashed the worst environmental disaster in USA history. The group posted replacement cost losses of 999 million United States dollars (£803 million) for 2016 as it said oil prices remained " challenging ", with the average for Brent crude standing at 44 U.S. Read More »

European Union stalemate over Greek debt


Most of the 24-strong group agreed that Greece was on track to achieve a primary surplus of 1.5% of GDP, and should not make further cuts. However it also revealed that several board members would rather see an increase in austerity to push the surplus up to 3.5 percent of GDP, as agreed before the last bailout. Read More »

LeBron James calls reporter, Kevin Love trade report "trash"

On Monday night, Frank Isola of The New York Daily News reported that James was pushing the Cleveland Cavaliers to trade for Carmelo Anthony . "It's trash", James said when asked about the report, per ESPN . Anthony has a no trade clause that would need to be waived before any deal. Now I have a few things to say. While LeBron and even Kyrie Irving may be the bigger names, Love has quietly had a superb season. Read More »

United Kingdom electric vehicle sales reach a record high


A total of 7,279 such vehicles were registered, 19.9 per cent more than in January 2016 and taking the sector's market share to more than four per cent for the first time. "It's also encouraging to see that the growth of the AFVs shows no sign of slowing, with that segment posting almost 20% growth to take a record 4.2% market share". Read More »

Theresa May under pressure on status of European Union nationals


Tory MP and former minister Anna Soubry has told MPs she may have "no alternative" but to vote against the government unless a vote on the deal was guaranteed before it is agreed with the EU. The first vote on the many amendments was won by the Government, with 333 voting against amending the bill to allow MPs to scrutinise the details at regular intervals - compared to 284 who wanted the scrutiny powers. Read More »

Krispy Kreme gives away donuts to promote coffee relaunch


Krispy Kreme is playing to its strengths by giving a free glazed doughnut to anyone who tries its new coffee blends. Krispy Kreme fans can get a free glazed doughnut with the purchase of a cup of coffee. Both, the company said, are made from 100 percent Arabica beans. "It's a combination that's deliciously inseparable, and we're proud to say that our coffee is now doughnut-worthy", she added. Read More »

Rocket Science: Uber Hires NASA Scientist To Explore Flying Cars

In September, Uber said flying cars could be hovering over cities and transporting people from point A to B within a decade. He reportedly financed two startups called Kitty Hawk and Zee Aero aiming to develop VTOL technology. Bloomberg wrote that Moore left NASA at some personal expense just a year before he's eligible for retirement and therefore able to receive a larger pension and free healthcare for the rest of his life. Read More »

Record 1.4 tonnes of cocaine seized


Officers intercepted a yacht off the NSW coast last week and seized what they described as a "significant" amount of cocaine. A 63-year-old New Zealand man and a 54-year-old Swiss-Fijian dual national who were on board the yacht were taken into custody, while four men aged between 32 and 66 were arrested in Sydney. Read More »

Sanders: Trump Is a 'Fraud' Moving America Towards 'Authoritarianism'

But he has since blasted the President's appointments and decision making, which he said would lead to cuts in key welfare pograms such as social security, Medicare and Medicaid. "These are people who are going to go after the needs of working families, the elderly, the children, the sick, and the poor". 'And I hope that Senator McConnell, who is a decent guy, conservative guy - I disagree with him on everything, ' Sanders said. Read More »

Kristen Stewart Accidentally Drops the F-Bomb During Her SNL Opening Monologue

Stewart read Trump's tweets about her from October 2012 when she and Pattison's relationship was making global headlines over an incident between Stewart and a film director. The tweets are still on Trump's Twitter account, here's what a few of them said. Stewart's SNL gig has been a long time coming for her. "Oops", she said. Read More »

Chipotle Mexican Grill Inc. Earnings Drop 76% In Q4

Finally, BTIG Research restated a "neutral" rating on shares of Chipotle Mexican Grill in a report on Wednesday. E-commerce behemoth Amazon.com may have managed to top last quarter's earnings estimate, but the sales miss and sales slowdown spooked shareholders, who sent AMZN to a loss of 3.5%. Read More »

Ralph Lauren Corp (RL) is Downgraded by CLSA to " Outperform"


Higher EPS estimate is noted at $2.06 while lowest EPS estimate among analysts is targeted at $1.72. In the a year ago Polo Ralph Lauren Corporation's stock price has decreased by -32.05% from 113.09 to 76.85. Clothing companies like Ralph Lauren have also struggled because of different shopping behaviour and preferences. (The) upgraded shares of Ralph Lauren Corporation from a "buy" rating to a "conviction-buy" rating and set a $120.00 target price on the stock in a report on Friday, ... Read More »

United Kingdom inflation warnings intensify as service sector costs rise

Meanwhile, the seasonally adjusted Nikkei India Composite PMI Output Index rose to 49.4 in January from December's 38-month low of 47.6, pointing to a weaker contraction in private sector activity. "Only construction companies stepped up their hiring at the start of 2017". On Thursday, the Bank of England revised up its forecast for the United Kingdom economy this year, and now expects it to grow by 2%. Read More »

Everything you need to know about Snapchat and Snap's IPO


And unlike the profitable but admittedly slower-growing GoPro at its 2014 IPO, Snap's cash is disappearing faster than its messages, with almost $1 billion evaporating in the last two years. "To me, Snap is Twitter 2.0 - a company with a good growth rate that is losing a ton of cash, coupled with a massive valuation", Brian Hamilton, co-founder of private company analysis firm Sageworks, told CNN . Read More »

Lockheed trims costs for F-35, most expensive plane ever


Recent criticism of the program's cost by President Donald Trump served to expedite the contract negotiations, Lockheed Martin acknowledged. The White House is planning to announce on Friday a contract for 90 F-35 jets from Lockheed Martin Corp. Read More »

Coal and oil demand 'could peak in 2020'

The report explores how plausible advances in solar panels and electric vehicles could affect future fossil fuel demand alongside efforts to reach global climate targets. Global warming would be limited to 2.4°C to 2.7°C by 2100 (50 percent and 66 percent probabilities) in this scenario. BP's 2017 outlook expects EVs to make up just 6 percent of the market in 2035. Read More »

Riccardo Tisci Quit Givenchy!


The move follows a year of shake-ups at numerous big design houses, including creative director switches most recently at Berluti, Calvin Klein, Brioni and Lanvin. Tisci became famous for his distinctive graphic sweatshirts, sportswear-inspired apparel, and highly embellished collections of haute couture. He's also worked with notable celebrities like Kim Kardashian-West, Madonna, and Beyoncé. Read More »

CBS Broadcasts Merger of Radio Unit With Entercom, Ending IPO Effort


CBS ( CBS ) wanted to sell its radio group, and then when no firm bidder appeared, planned to spin it off as a separately traded stock early this year. Existing CBS shareholders will be allowed to exchange shares for CBS Radio shares. A purchase price was not disclosed, but the companies said the deal would be structured as a Reverse Morris Trust, which would be tax-free to CBS and its stockholders. Read More »

30 cabs impounded, Karnataka gives Ola & Uber 15-days breather


The company claims that Uber pool drivers have prevented 93,64,772 kilometres of unnecessary driving in the last one year which equals to 4,40,623 litres of fuel saved. The Government of Karnataka has explicitly stated that since cabs are classified as contract carriages and not stage carriages, they can not pick up or drop passengers during the journey. Read More »

Hudson's Bay Co. reported to be in bid for Macy's

It could also bring in a partner. Many retail experts don't see Macy's fortunes improving anytime soon, particularly given its $7.5 billion in debt, which the Journal says is "complicating" a takeover. Macy's was one of the brands owned by Federated, and the whole company was renamed Macy's in 2007 as Lundgren eliminated regional brands like Burdines, Filene's and Marshall Field's. Read More »