Markets

Judge blocks Trump order on sanctuary cities

Judge blocks Trump order on sanctuary cities

The decision threatened the transfer of around $1.7 billion to Santa Clara County and $1.2 billion to San Francisco in California. The justice department said the counties had taken an overly ...

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Nasdaq hits 6000 for 1st time as U.S. stocks rise again

Nasdaq hits 6000 for 1st time as U.S. stocks rise again

Toy company Hasbro gained 5.9 per cent as it reported a 40.6 per cent jump in first quarter net income to US$68.6 million. The technology-heavy Nasdaq index closed up by 42 points at 6,025.49, pus...

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Oil Prices Edge Higher From OPEC Boost

Oil Prices Edge Higher From OPEC Boost

OPEC said this in the April edition of its Monthly Oil Market Report . The market will watch Wednesday morning to see if US government data confirms the API report. Despite a drop in US crude sto...

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Oil dips, on course for biggest weekly drop in a month

Oil dips, on course for biggest weekly drop in a month

Oil prices flipped lower late Friday morning and into a sharp fall amid fears crude markets are entering a new downtrend. USA crude production is at 9.25 million bpd C-OUT-T-EIA , up nearly 10 perce...

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Netflix Could Crest 100 Million Streaming Subscriber Mark This Weekend

Netflix Could Crest 100 Million Streaming Subscriber Mark This Weekend

Remarkably, Netflix only contributed $43 million in quarterly profit from its global operations despite revenues of more than $1 billion in the first three months of 2017. Netflix's marketing bud...

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US sets up missile defense in S. Korea as North shows power

US sets up missile defense in S. Korea as North shows power

The new U.S. president has indicated he will not allow North Korea to achieve its goal of developing an intercontinental ballistic missile capable of delivering a nuclear warhead to the western United...

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Emmanuel Macron, Marine Le Pen in final duel

The benchmark on Monday jumped 2.1%, driven higher on relief among investors that centrist Emmanuel Macron won the first round of voting in the France's presidential race. "I take leave of the preside...

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Official estimate could upend Trump tax plan before release

Official estimate could upend Trump tax plan before release

In earlier days, Trump vowed to oversee the biggest "tax reform" since President Ronald Reagan's in 1986, a legislative feat that has since defied every president. Although he did not disclose details...

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United Airlines changes employees check-in policy after passenger's forcible removal

United Airlines changes employees check-in policy after passenger's forcible removal

Law enforcement officers dragged Dr. David Dao off a plane on Sunday, April 9 after he was asked and refused to give up his seat for crew members even after an offer of $800 in exchange. United Airli...

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Judge blocks Trump threat to withhold 'sanctuary city' funds

The Trump administration contends that local authorities endanger public safety when they decline to hand over for deportation undocumented immigrants arrested for crimes. In a temporary ruling Tuesda...

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Chelsea's Antonio Conte backing Eden Hazard to put team first

Chelsea's Antonio Conte backing Eden Hazard to put team first

Chelsea were third in Premier League spending last summer - their £123million outlay was behind City's £174m and United's £149m - but sit four points clear of Tottenham with six Premier League games ...

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Japan's disaster minister to resign after quake gaffe

Japan's disaster minister to resign after quake gaffe

Japanese Prime Minister Shinzo Abe, left, walks to meet Masayoshi Yoshino, newly appointed minister for Reconstruction, at the prime minister's official residence in Tokyo, Wednesday, April 26, 2017. ...

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Markets Right Now: Strong company earnings power stock gains

Markets Right Now: Strong company earnings power stock gains

The Nasdaq has produced bigger total returns, including price changes and dividend payments, than the S&P 500 and the Dow industrials in seven of the past 10 years. Tech stocks have become a way t...

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OPEC Won't Commit To Extending Cuts As US Output Continues To Rise

A preliminary Reuters poll showed analysts expected data to show U.S. crude oil stocks fell in the week to April 14, building on a surprise decline the previous week. Brent crude has gained about ...

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Oil recovers some ground, rise in U.S. drilling caps gains

OPEC, under Saudi leadership, appears determined to see through its efforts to drain global inventories back to five-year average levels, but it is also keeping a wary eye on the impact of higher crud...

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United Airlines CEO Oscar Munoz won't be promoted to chairman

United Airlines CEO Oscar Munoz won't be promoted to chairman

The top two Republicans and top two Democrats on the Senate committee asked United about its policy for bumping passengers off overcrowded flights, and whether the airline handled cases differently on...

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IMF raises global growth forecast, warns against protectionism

The IMF now projects Hungary's unemployment rate to fall to 4.4% this year after a larger than foreseen fall to 4.9% last year. The IMF sees Indonesia's annual growth rate at 5.3 percent in 2018. "Str...

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Under Armour's (UA) Underperform Rating Reaffirmed at Credit Suisse Group AG

Under Armour's (UA) Underperform Rating Reaffirmed at Credit Suisse Group AG

Credit Suisse Group AG (CS) has 2.07 Billion shares outstanding and 1.93 Billion shares were floated in market. The company has a 50-day moving average of $14.85 and a 200-day moving average of $14.6...

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BHP cuts output targets for iron ore, coking coal, copper

BHP cuts output targets for iron ore, coking coal, copper

The firm has "Market Perform" rating by Cowen & Co given on Thursday, November 10. The company was upgraded on Monday, April 18 by Bank of America. 3/17/2017-Investec Upgrade from a "Hold " rating t...

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A budget deficit challenge for Trump's tax plan

White House officials are giving out conflicting details of a tax plan that President Donald Trump has promised will be released on Wednesday, a media report said . They have no idea what they ar...

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Lawsuit filed against Fox alleges racial discrimination

Lawsuit filed against Fox alleges racial discrimination

Attorneys for the 13 plaintiffs say Fox's assertion that it acted swiftly is "completely false". In the new lawsuit the employees say they repeatedly complained to network executives about Slater's ...

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Trump Tax Plan Said to Call for Corporate Rate Cut to 15%

Trump took to Twitter on Saturday to again tout that "Big TAX REFORM AND TAX REDUCTION will be announced next Wednesday". Last week, House Speaker Paul Ryan asked the nonpartisan Joint Committee...

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At meat market, the far-right Le Pen backs "eating French"

In the first round of voting centrist Emmanuel Macron won 23.9 per cent and Le Pen received 21.4 per cent. Le Pen told French TV on Monday night that she needed to be above partisan considerations. "I...

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North Korea holds drill to mark military anniversary

North Korea holds drill to mark military anniversary

The navy is conducting exercises with counterparts from South Korea and Japan in nearby waters on Tuesday and Wednesday, the U.S. Seventh Fleet said in a statement. North Korea has conducted five n...

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Cognizant Technology Solutions Corp (CTSH) Position Raised by Huntington National Bank

Cognizant Technology Solutions Corp (CTSH) Position Raised by Huntington National Bank

Vetr downgraded shares of Cognizant Technology Solutions Corp from a "strong-buy" rating to a "buy" rating and set a $64.12 price objective on the stock.in a research report on Wednesday, January 25t...

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Seoul: North Korea holds drill to mark military anniversary

Seoul: North Korea holds drill to mark military anniversary

The U.S. employs about 1,066,600 soldiers. North Korea's official media said early Wednesday that leader Kim Jong Un personally observed the exercises. President Trump has been urging China to...

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EQT Midstream Partners and EQT GP Holdings Increase Quarterly Distributions

TAUSCHER RANDALL also bought $3,989 worth of Martin Midstream Partners L.P. (NASDAQ:MMLP) shares. Brookfield Asset Management Inc. cut its position in shares of Rice Midstream Partners LP (NYSE:RMP...

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Oil prices stage weak recovery in early Friday trading

While a number of exporters have reached an initial deal to extend the curbs past June, according to Saudi Arabian Oil Minister Khalid Al-Falih, data showing rising US output is raising concern that t...

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Asia tracks French election rally; weak yen lifts Tokyo

Asia tracks French election rally; weak yen lifts Tokyo

A candidate seen as pro-business won the most votes Sunday, and many investors expect him to win a runoff against the remaining anti-EU candidate, which is set for May 7. SINGAPORE, April 25 Asian equ...

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International Monetary Fund warns of protectionist threat to growth

International Monetary Fund warns of protectionist threat to growth

However, the U.S. economy rate was projected to increase to 2.3 percent in 2017. Among G7 countries, the USA has the highest projected growth, with increases of 2.3 per cent this year and 2.5 per ce...

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James leads Cavs sweep Pacers into second round

James leads Cavs sweep Pacers into second round

Kyrie Irving added 28 points and Deron Williams finished with 14 points off the bench. Paul George missed a potential game-tying three-pointer with one second left, and James got the rebound and...

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Donald Trump signs series of executive orders to restore economy

U.S. President Donald Trump has said that he will announce the much awaited tax reform and tax reduction on the coming Wednesday. Without Democratic support, a plan would have to be revenue neutral ...

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Oil slips 1% on rising U.S. production, subdued trading

Commercial crude inventories declined by 1 million barrels last week, after falling 2.2 million barrels the previous week, the Energy Department reported Wednesday. Benchmark Brent crude futures dec...

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AK Steel Holding Corporation (NYSE:AKS) Earnings & Valuation in Perspective

AK Steel Holding Corporation (NYSE:AKS) Earnings & Valuation in Perspective

United States Steel (NYSE:X) last announced its quarterly earnings data on Tuesday, January 31st. United States Steel's quarterly revenue was up 3.0% compared to the same quarter previous year. The ...

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USA and Canada at loggerheads over lumber tariffs

Lumber Coalition, said in a statement . "They have a tremendous surplus with the United States". At a gathering of conservative journalists at the White House on Monday , Trump said the us would...

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