Money

U.S. inventory declines, OPEC trouble help extend oil price rally

U.S. inventory declines, OPEC trouble help extend oil price rally WTI crude has added more than $0.50 per barrel since the print, now up 4.55% on the session to $48.45. Crude inventories fell by 10.2 million barrels in the week ending July 21 to 487 million, compared with expectations for a decrease of 2.6 million barrels. [Full Article...]

FCA's Senior Managers Regime to even affect non-managers

FCA's Senior Managers Regime to even affect non-managers The regulator said it will "essentially" replace the Approved Persons Regime with other staff not deemed to be senior managers having to be certified by the firm annually. These firms will be in a category called " Limited Scope Firms ", and will typically have fewer senior management functions than firms in the core regime. [Full Article...]

SEC signals securities trading laws may apply to digital coin offerings

SEC signals securities trading laws may apply to digital coin offerings The agency's guidance took the form of a report on a German group known as The DAO, for decentralized autonomous organization, that used blockchain technology to raise about $150 million a year ago. Per the report , "under the facts presented, the Commission has determined that DAO Tokens are securities under the Securities Act of 1933". "This report shows that the SEC is ready and willing to r... [Full Article...]

Manning & Napier Advisors LLC Decreases Stake in Agree Realty Corporation (NYSE:ADC)

It looks like traders are not happy with the stock. About 2.35 million shares traded. It has underperformed by 33.32% the S&P500. Pacific Global Investment Management Company increased Conns Inc (CONN) stake by 9.1% reported in 2016Q4 SEC filing. [Full Article...]

NextEra Energy, Inc. (NYSE:NEE) Reviewed By Analysts

Goldman Sachs Gp Inc reported 1.40M shares stake. It has outperformed by 6.87% the S&P500. Nextera Energy Partners , LP is a limited partnership formed to acquire, manage and own contracted clean energy projects. The firm has "Neutral" rating given on Wednesday, March 29 by Goldman Sachs. The stock of BorgWarner Inc. 03/02/2016 - NextEra Energy, Inc. had its " rating reiterated by analysts ... [Full Article...]

Lower tax rate fuels Ford beat, seen boosting 2017 net profit

Lower tax rate fuels Ford beat, seen boosting 2017 net profit Ford's adjusted earnings were 56 cents per share, beating analysts' estimates of 43 cents a share. "This quarter shows the underlying health of our company with strong products like F-Series and commercial vehicles around the world, but we have opportunity to deliver even more", said chief executive Jim Hackett. [Full Article...]

UniCredit Customers Targeted in Cyber Attacks

UniCredit Customers Targeted in Cyber Attacks The bank said in a statement Wednesday, July 26, 2017, that the hackers accessed only accounts related to personal loans, and that it was breached through an unidentified external commercial partner. "No data, such as passwords allowing access to customer accounts or allowing for unauthorized transactions, have been affected, while some other personal data and IBAN numbers may have been accessed",... [Full Article...]

US House to Vote on Arbitration Rule Repeal Tomorrow

US House to Vote on Arbitration Rule Repeal Tomorrow The Congressional Review Act allows allowing legislators to overrule new federal regulations with a joint resolution within 60 legislative days after regulators have submitted the rule to Congress. Making consumers pay more for less is the exact opposite of "consumer protection". The end result of more class action lawsuits against banks and credit card companies will be higher consumer costs an... [Full Article...]

Oppenheimer Reaffirms The "Hold" Rating They've had for IBM (NYSE:IBM) Shares

Meritage Port Mngmt holds 0.64% in International Business Machines Corp. Year to date is 10.77%, 3.22% over the last quarter, 7.56% for the past six months and 50.46% over the last 12 months. It also upped Vanguard Ftse Pacific Etf (VPL) stake by 7,187 shares and now owns 412,685 shares. General Electric (Ge) (NYSE:GE) was raised too. A recommendation of 1 or 2 would represent a consensus Buy. [Full Article...]

Advisors Capital Management LLC Raises Position in Exxon Mobil Corporation (NYSE:XOM)

Advisors Capital Management LLC Raises Position in Exxon Mobil Corporation (NYSE:XOM) About 7.04M shares traded. Milestone Group Inc decreased its stake in Exxon Mobil Corp ( XOM ) by 14.29% based on its latest 2016Q4 regulatory filing with the SEC. That puts total institutional holdings at 2,197,646,688 shares, according to SEC filings. Quadrant Management Limited Liability invested in 0.18% or 4,023 shares. [Full Article...]

Elon Musk, Mark Zuckerberg trade barbs over Artificial Intelligence

Elon Musk, Mark Zuckerberg trade barbs over Artificial Intelligence And Musk, who owns the Tesla electric auto and battery company, SpaceX and several other hi-tech enterprises, appeared to be fueling those fears with comments he made recently. On Facebook Live , Zuckerberg called the SpaceX CEO's doomsday warning as "pretty irresponsible" and negative. Musk also described it as the "biggest risk we face as a civilization". [Full Article...]

Wall Street Views & Consensus on Bemis Company, Inc. (NYSE:BMS)

Wall Street Views & Consensus on Bemis Company, Inc. (NYSE:BMS) Robertson Stephens Advisors LLC bought a new position in shares of Coca-Cola Company (The) during the fourth quarter valued at $248,000. Federated Investors Inc. Six analysts have provided estimates for Coca-Cola Company (The)'s earnings, with estimates ranging from $0.56 to $0.59. Shareholders of record on Friday, September 15th will be paid a $0.37 dividend. [Full Article...]

Google's Trusted Contacts App Gets New Features, Now Available for iOS

Google's Trusted Contacts App Gets New Features, Now Available for iOS One can add contacts in the app to start sharing whereabouts with friends and family. Google pitches the feature as potentially lifesaving in emergency situations when you can't answer your phone. Previously, this was set to a default of five minutes, but users can now stipulate in advance whether to share it immediately upon request or wait up to an hour. [Full Article...]

Blue Apron Holdings Inc

Blue Apron Holdings Inc UBS AG began coverage on Blue Apron Holdings in a research note on Monday. There are 1 sell rating, 4 hold ratings, 9 buy ratings on the stock. Blue Apron Holdings, Inc .is a holding company. The firm has "Underperform" rating by BMO Capital Markets given on Wednesday, June 29. Wadiak, one of Blue Apron's co-founders, will move to an advisory role, according to a news release from the comp... [Full Article...]

Global output growth remains on track for 2017

Global output growth remains on track for 2017 The IMF raised its outlook for Canada as part of its latest world economic outlook update, now expecting our economy to grow by 2.5% in 2017, up from its April projection of 1.9%. With a pickup in global trade and strengthening domestic demand, growth in the ASEAN-5 economies is projected to remain robust at around 5%, with generally strong first quarter outturns. [Full Article...]

ITV reports slump in advertising

ITV reports slump in advertising United Kingdom commercial broadcaster ITV reported revenue in line with expectations for the first half of 2017, with its full-year guidance unchanged. ITV stated that its guidance for full-year results in 2017 will not change despite the half-year drop. He also highlighted the success of Love Island , ITV2's hit reality dating show that concluded its third season this week, adding that it "... [Full Article...]

Virat Kohli, Ravi Shastri bromance on test in Galle

Virat Kohli, Ravi Shastri bromance on test in Galle Virat Kohli has been unbeaten after 7-series as the test captain. The leg spinner's 27 wickets against India at an average of 41.62 pales in comparison to his overall Test record of 384 at an average of 27.72. Pandya will be in as the fifth bowler and can also provide solidarity to the lower-middle order. And underneath the surface, it looks very hard. Kuldeep Yadav has been in spectacula... [Full Article...]

Axis Bank shares fall almost 3% on Q1 results

Axis Bank shares fall almost 3% on Q1 results Axis Bank on Tuesday reported a 16% decline in year-on-year net profit to Rs 1,305.60 crore, hurt by higher provisions for bad loans and lower interest income , but said it was hopeful of a turnaround in the next quarter. Management expects corporate loan growth to trace back to double-digits over the course of the year. The bank's net interest income, which is the difference between interest ... [Full Article...]

Hyundai posts 48% drop in Q2 net profit on China snub

Hyundai posts 48% drop in Q2 net profit on China snub The number of Chinese tourists in South Korea more than halved in June, marking a decline for four straight months amid a diplomatic row between the two countries over the deployment of the US Terminal High Altitude Area Defense here. GM, in its earnings call on Tuesday, said it set a second-quarter sales record in China, although it also referred to pricing challenges. The slump came despite the ... [Full Article...]

Rs 2000 note to be phased out soon?

Rs 2000 note to be phased out soon? In the initial days of remonetisation, RBI had focused on Rs 2000 notes to quickly increase currency in circulation. The new pink Rs 2000 note was issued in order to remonetise the Indian economy at a fast pace. This is about 86% of the Rs 17.7 trillion that was in circulation on November 4. The Reserve Bank of India stopped printing the Rs 2,000 currency note close to five months ago and is... [Full Article...]


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