Money

SpaceX is now one of the world's most valuable privately held companies

SpaceX is now one of the world's most valuable privately held companies A commercial launch of the vessel is set for 2018, but Musk has previously said that he is not expecting the operation in November to result in the Falcon Heavy reaching orbit. Space exploration and aerospace technology have always been exclusively the work of NASA and the industry's three leading aerospace contractors- Boeing , Lockheed Martin and United Launch Alliance (ULA). [Full Article...]

Dozens of Casualties in Boko Haram Attack on Nigeria Oil Team

Dozens of Casualties in Boko Haram Attack on Nigeria Oil Team One of the dead is a relative of the Vice Chancellor of the university. Women and young girls in particular have been used against civilian "soft" targets such as mosques, as well as the university in Maiduguri, which teaches the "western" education the group despises. [Full Article...]

Germany has ordered the recall of 22000 Porsches due to emissions cheating

Germany has ordered the recall of 22000 Porsches due to emissions cheating This recall will be totally at the charge of Porsche , he added. Mr Dobrindt said the finding resulted from tests carried out by German authorities. The recall will involve a software update and it's not clear at this point if performance will be affected in any negative way. Germany's federal transport authority, the KBA (Kraftfahrtbundesamt), has placed a registration ban on the Porsche Cay... [Full Article...]

Cantor Fitzgerald Reiterates "Neutral" Rating for Twitter, Inc. (TWTR)

Cantor Fitzgerald Reiterates The company had a trading volume of 83,061,654 shares. Its stock price dropped after the announcement, closing down 14% at $16.84. The third largest holder is Morgan Stanley, which now holds $644.93 million worth of this stock and that ownership represents almost 5.13% of its market capitalization. [Full Article...]

Bandhan Bank generates net 35% rise in the 1st quarter

Bandhan Bank generates net 35% rise in the 1st quarter There was a deterioration in bank's asset quality, with gross non-performing assets (NPAs) or bad loans rising to 7.99 per cent of the gross advances as on June 30, 2017, compared to 5.28 per cent as on June 30, 2016. The bank as of June 30, 2017 had outstanding loans to these borrowers amounting to Rs 6,889.46 crore and as of June 30, 2017, the bank holds a provision of Rs 2,827.66 crore agains... [Full Article...]

Japan inflation up, but falls short of 2% target

Japan inflation up, but falls short of 2% target The Japanese bonds climbed Friday after the country's consumer price-led inflation index (CPI) for the month of June, matched market expectations. Meanwhile, the jobless rate fell to 2.8% against expectations of it declining to 3.0%. That was the first positive reading in five months. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose almost 1 basis po... [Full Article...]

Barclays half-year results scarred by PPI claims

Barclays half-year results scarred by PPI claims The group reduced its stake in its African operations as part of a global re-think revealed past year - it recently sold 33.7% of Barclays Africa so it could focus on operations in Britain and the US. But that was still below the £2.7bn average estimate in a poll of analysts, according to Reuters. Barclays has set aside an additional £700m for compensation for missold payment protection ins... [Full Article...]

CR Capital Real Estate AG (CRZ.DE) Shares Moving On Volume

Granite Real Estate Investment Trust (TSE:GRT) announced a monthly dividend on Tuesday, July 18th, Zacks reports. About 50,525 shares traded. The company has market cap of $1.26 billion. On May 18 the company was set at "Buy" in a report from DA Davidson which is up from the previous "Neutral" rating. Investors sentiment increased to 1.1 in Q4 2016. [Full Article...]

Brokers Change Their Target Price On RELX PLC (NYSE:RELX)

Brokers Change Their Target Price On RELX PLC (NYSE:RELX) The lowest target is $10.0 while the high is $11.25. Sprott Inc. had 10 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of GKN plc (LON:GKN) earned "Buy" rating by Haitong Securities on Monday, April 25. Therefore 100% are positive. Go-Ahead Group plc has a 52 week low of GBX 1,686.00 and a 52 week high of GBX 2,344.00. The average 12 month target price among brokerages ... [Full Article...]

United says it's 'saddened' by rabbit's death

United says it's 'saddened' by rabbit's death But the review allegedly didn't get very far, as USA Today reports that Simon's owners called for an independent investigation in May. Simon's death sparked national outcry, but the breeder refused to allow the airline to perform a necropsy - leaving the death of the giant bunny a mystery. [Full Article...]

AK Steel Holding Corporation (AKS) Trading 12.4% Higher on Strong Earnings

AK Steel Holding Corporation (AKS) Trading 12.4% Higher on Strong Earnings Vetr downgraded shares of United States Steel Corporation from a "strong-buy" rating to a "buy" rating and set a $38.38 target price on the stock.in a research note on Tuesday, April 11th. The firm has a 50-day moving average of $18.37 and a 200 day moving average of $20.12. The firm's market cap is $4.37 billion. AK Steel Holding Corporation has a 52-week low of 3.87 and a 52-week high of 11.39. [Full Article...]

Jeff Bezos dethrones Bill Gates as world's richest

Jeff Bezos dethrones Bill Gates as world's richest If Amazon's stock price holds until the market closes in the U.S. today, then Bezos, 53, may hold onto the title of world's richest person. That puts his fortunate ahead of Microsoft co-founder Bill Gates's. He is also an investor in rocket company Blue Origin and owns The Washington Post newspaper. Amazon said it earned US$197m in the second quarter, down from US$857m a year ago. [Full Article...]

BMO Capital Markets Reiterates $6.00 Price Target for Nokia Corporation (NOK)

Carl Domino Inc cut its stake in shares of Nokia Corporation (NYSE: NOK ) by 19.8% during the second quarter, according to its most recent 13F filing with the SEC. The legal version of this article can be viewed at https://www.themarketsdaily.com/2017/07/27/smithbridge-asset-management-inc-de-purchases-new-position-in-nokia-corporation-nok-updated.html. [Full Article...]

Caterpillar, Inc. (NYSE:CAT) Position Held by Telos Capital Management Inc

Caterpillar, Inc. (NYSE:CAT) Position Held by Telos Capital Management Inc It has outperformed by 30.83% the S&P500. The company's market cap is $67.94 Billion, and the average volume is 4.7 Million. Thompson Davis & Co acquired 4,300 shares as Caterpillar Inc Del ( CAT)'s stock rose 3.62%. If the stock is up it will have a positively weighted alpha. The rating was maintained by Citigroup with "Buy" on Friday, September 11. The rating was upgraded by Deutsche Bank... [Full Article...]

Intel Corporation (NASDAQ:INTC) To Release Earnings

Intel Corporation (NASDAQ:INTC) To Release Earnings The hedge fund run by Thomas Lenox Kempner held 172,594 shares of the major pharmaceuticals company at the end of 2016Q4, valued at $6.25 million, up from 39,599 at the end of the previous reported quarter. TRADEMARK VIOLATION WARNING: This news story was originally posted by Markets Daily and is owned by of Markets Daily. If you are reading this story on another domain, it was illegally stolen ... [Full Article...]

Today's Brokerage Rating: The Coca-Cola Company (KO), PayPal Holdings, Inc. (PYPL)

Benjamin F. Edwards & Company Inc. boosted its position in PayPal Holdings by 236.4% in the first quarter. Vanguard Group Inc. now owns 75,643,714 shares of the credit services provider's stock worth $3,254,192,000 after buying an additional 2,549,683 shares in the last quarter. [Full Article...]

Suncor Energy reports second-quarter profit, ups capital budget

Suncor Energy reports second-quarter profit, ups capital budget They set an "outperform" rating for the company. Zacks Investment Research downgraded shares of Suncor Energy from a hold rating to a sell rating in a report on Wednesday, April 26th. This repurchase authorization authorizes the oil and gas producer to buy up to 3.9% of its shares through open market purchases. Stock buyback programs are typically a sign that the company's board of directors bel... [Full Article...]

Hot Performer of the day: Barrick Gold Corporation (ABX)

Hot Performer of the day: Barrick Gold Corporation (ABX) DORCHESTER WEALTH MANAGEMENT Co now owns 47,846 shares of the basic materials company's stock worth $761,000 after buying an additional 2,550 shares during the last quarter. Barrick Gold Corporation reported earnings per share of $0.24 in the same quarter last year, which suggests a negative year over year growth rate of 8.3%. [Full Article...]

Uber, battling internal upheaval and local rivals, to be saved by Softbank?

Uber, battling internal upheaval and local rivals, to be saved by Softbank? In 2016, SoftBank had offered $1 billion cash to Ola valuing it at $3.5 billion, which was far lower than its previous round valuation of $4.5 billion. Uber is not present in the auto segment in India right now and has recently started expanding its bike sharing service. The taxi app Grab has been given an additional $2 billion in financing, revealing the intense competition among vehicle se... [Full Article...]

Deutsche Bank in profit pickup as revenue drops

Deutsche Bank in profit pickup as revenue drops Aua Capital Management, LLC controls 1,875 shares valued at $33,000. As of the end of the quarter Russell Investments Group, Ltd. had bought a total of 430,541 shares growing its position 1,249.0%. Including today's unusual volume, Deutsche Bank Aktiengesellschaft's stock is performing at 17.99% on the year. The company was downgraded on Friday, October 28 by S&P Research. [Full Article...]


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