Markets

Moody's Downgrades Canada's Big Banks

Moody's Downgrades Canada's Big Banks

Moody's Investors Service downgraded Canada's six big banks over concerns about ballooning consumer debt and inflated housing prices. The ratings' agency lowered the baseline credit assessments, lon...

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US FDA approves Merck immunotherapy/chemo combo for lung cancer

US FDA approves Merck immunotherapy/chemo combo for lung cancer

To date, there is no survival advantage for Keytruda-chemo versus chemo alone. Merck scored a coup a year ago, when Keytruda extended patient survival in a first-line lung cancer trial, supplantin...

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May the fourth be with you on Star Wars Day

While writing the films, Lucas came across a copy of Campbell's book The Hero with a Thousand Faces , which he had read in college. This is a pun on the iconic expression and catchphrase of the franc...

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Will France's Election Outcome Pressure the European Central Bank?

Macron's Republic on the Move party on Thursday unveiled its eclectic, still partial, slate of 428 candidates for France's legislative elections in June. The deficit will rise to 3.2 percent in 2018, ...

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Is Valeant Pharmaceuticals International, Inc. (VRX) Running Out of Gas?

Is Valeant Pharmaceuticals International, Inc. (VRX) Running Out of Gas?

Piper Jaffray Companies reiterated an outperform rating and issued a $10.00 target price on shares of Valeant Pharmaceuticals Intl in a research note on Friday, April 14th. The correct version of th...

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Less than picture perfect: Snap slumps on slowing user growth

Snap reported that its net loss increased significantly from $104.5 million to $2. 2 billion as the company spent $ 2 billion on stock-based compensation expense after its IPO. Users rose a mo...

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Samsung flags record profits despite Galaxy Note fiasco

Samsung flags record profits despite Galaxy Note fiasco

In the previous years, Samsung has reserved the month of August to launch a fresh Note series smartphone, and it looks like this year won't be any different. Finally, it's worth remembering that Samsu...

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Consumer prices rebounded 0.2 percent in April

Consumer prices rebounded 0.2 percent in April

Economists had expected prices to rise by 0.2 percent. Excluding the more volatile categories of food and fuel, the "core" index rose a more modest 0.1 per cent. Apparel prices fell 0.3 percent. That ...

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When Trump asked for 'loyalty' at private dinner Comey 'refused'

U.S. President Donald Trump is defending his decision to fire Comey after receiving criticism from both parties. But in the NBC interview, Trump contracted that as well, telling Holt that Comey's ...

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China's Silk Road forum latest effort to boost Xi's stature

The maritime road which will connect up China's southern provinces to south-east Asia and the east coast of Africa with ports and railways. That's an area where China's strengths-its financial clout, ...

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Education Secretary DeVos booed during commencement speech An error occurred

Education Secretary DeVos booed during commencement speech An error occurred

DeVos sought common ground with her audience at Bethune-Cookman University on Wednesday by praising the school's founder and mission, delivering a plea to avoid the "chorus of conflict" and asking tha...

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May and Corbyn to trade blows as General Election campaign turns nasty

Leaving shortly after 2pm for a prior engagement, senior shadow cabinet minister Jon Trickett said the meeting had been "very productive so far" and "an exciting document is emerging". In the draft ma...

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Viper Energy Partners LP (VNOM) Stock Rating Lowered by Zacks Investment Research

Viper Energy Partners LP (VNOM) Stock Rating Lowered by Zacks Investment Research

It has underperformed by 40.28% the S&P500. The company beat the analyst EPS Estimate with the difference of $0.04. National Bank Financial Downgrades Enbridge Energy Partners, L.P. The stock of Enbri...

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China's Belt and Road investments since 2013 total $60 billion: state planner

China's Belt and Road investments since 2013 total $60 billion: state planner

The state-run China Development Bank announced in 2015 it had set aside $890 billion for more than 900 "One Belt, One Road" projects across 60 countries in gas, minerals, power, telecoms, infrastructu...

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Oil price climbs as Opec offers early consensus on renewed deal

Oil price climbs as Opec offers early consensus on renewed deal

On the New York Mercantile Exchange, Brent crude futures dropped 57 cents to $48.77, with U.S. West Texas Intermediate futures falling 48 cents to $45.94 per barrel, after reaching the day's high of...

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US nuclear site's collapsed tunnel may have gone unnoticed

US nuclear site's collapsed tunnel may have gone unnoticed

The PUREX facility, once used to extract plutonium from spent nuclear fuel, has been idle for years but remains "highly contaminated", the agency said. “No action is now required for residents of Bent...

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Fed holds interest rates steady, dismisses first quarter slump as 'transitory'

The US Federal Reserve has said it expects a recent slowdown in the US economy to only be temporary. A gauge of factory employment dropped to its lowest level since October, which could pose a risk ...

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Bank of England keeps rates at record low as economy slows

The rest will opt to leave policy unchanged, according to a Reuters poll of City economists. The Bank said weakening consumer spending growth would lead to lower GDP growth, although higher exports an...

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UNITE Group plc (UTG) Given Hold Rating at Jefferies Group LLC

Legal & General Group Plc now has a consensus rating of "Hold" and an average price target of GBX 253.36 ($3.28). The company has market cap of $32.40 billion. The firm has "Buy" rating by Sandler O'N...

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Sprint, SoftBank start early deal talks over T-Mobile: BBG

Sprint, SoftBank start early deal talks over T-Mobile: BBG

An earlier attempt by Sprint to buy T-Mobile US on the summer 2014 stalled on regulatory objections but there is hope that President Donald Trump's new administration will be more accommodating toward...

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White House Expected To Announce Voting Fraud Commission

Kris Kobach , the Kansas secretary of state, who has played a leading role in the drive to crack down on undocumented immigrants, will be appointed as vice president of the commission. Kobach insists ...

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Oil prices rise on drop in United States inventories

However, after Brent fell below $50 a barrel last week, analysts said producers felt forced to act. "With demand continuing to surprise to the upside", the global supply deficit may be as wide as ...

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Australian banks slugged with A$6.2 billion government levy

Australian banks slugged with A$6.2 billion government levy

The big banks have already repriced their mortgage books, in particular to make interest-only and investor loans more expensive to comply with Australian Prudential Regulation Authority limits on risk...

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Macron win 'powerful message' to far-right: top Europe rabbi

Le Pen may have lost, but she's proving that her party and, more importantly, her message of reduced immigration and more nationalistic and France-first policies, are popular with millions of French v...

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France's new president proving a keeper of secrets

France's new president proving a keeper of secrets

He has given no clues as to who that will be, but has said that he is looking at one male and one female candidate. Other successful bids came from a woman fighter pilot who will run in eastern ...

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Zacks Investment Research Lowers Advanced Micro Devices, Inc. (AMD) to Hold

Zacks Investment Research Lowers Advanced Micro Devices, Inc. (AMD) to Hold

Bank of America Corp reiterated a "buy" rating on shares of Advanced Micro Devices in a research report on Tuesday. Analyst recommendation for this stock stands at 2.70. Pier Capital LLC now owns ...

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Bgeo Group PLC (BGEO) Rating Reiterated by Peel Hunt

AdvanSource Biomaterials Corporation (OTCMKTS:ASNB) has declined 14.29% since October 4, 2016 and is downtrending. It has underperformed by 12.01% the S&P500. Its up 0.32, from 0.85 in 2016Q3. Inter...

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Yates, Flynn And The Trump-Russia Investigation

According to Hayden, during an early Trump transition meeting on national security, Flynn was specifically told to be careful when it came to discussions with the Russians. And I knew, when I saw the ...

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Australian Government Hits Big Banks With Taxes And Stricter Scrutiny

Everyday customer deposits are not considered liabilities. The $100 billion threshold will be indexed to grow in line with nominal Gross Domestic Product. CBA looked forward to the Treasury outlinin...

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Oil gives up earlier gains as rising US output, China concerns weigh

The producer group and other major suppliers including Russian Federation agreed previous year to cut their collective production by about 1.8 million barrels a day for the first half of 2017 in an e...

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Oil stable on expectations of extended OPEC-led production cut

Oil stable on expectations of extended OPEC-led production cut

OPEC crude oil production decreased by 18,000 bpd, from the previous month to average 31.73 million bpd in April, sources said. OPEC will consider several options for the future of the agreement on ...

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House Speaker Paul Ryan heads to Ohio to push tax reform

House Speaker Paul Ryan heads to Ohio to push tax reform

Cynthia Taylor, 53, an attorney on her lunch break, came to Success Academy to call the health care bill a "disgrace", and castigate Ryan for rushing it through. "As he meets Harlem students today, he...

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Tom Price defends cutting nearly $1 trillion from Medicaid

Susan Collins of ME, a moderate Republican whose vote will be critical in getting a bill to Trump's desk, voiced concerns about potential higher costs for older people and those with pre-existing ...

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Snapchat parent company reports £1.7bn loss in first earnings report

Also, users could not find the content they were looking for because of the platform's reversed chronological feed. In after-hours trading toward the end of the call, Snap stock fell to $17.46 per s...

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BT Group plc (BT) Upgraded to Hold by Zacks Investment Research

GB Group plc ( LON:GBG ) traded up 3.52% on Wednesday, reaching GBX 389.25. It has underperformed by 9.75% the S&P500. Shire PLC (LON:SHP) had its stock rating noted as "Buy" by analysts at Berenber...

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