Money

Author: 0 Bank of England warns on living standards as interest rates stay steady

The MPC noted that both regular and total pay had been weaker than policymakers expected in February. Carney said inflation would be near 3.0 percent this year but added it was important to put that into the context of a United Kingdom economy that was still growing and employing a record number of people.

Author: 0 Oil prices build on gains on expectation of extended crude supply cut

The Organisation of the Petroleum Exporting Countries (Opec), of which Saudi Arabia is the de facto leader, and other producers, led by Russian Federation, pledged late last year to cut output by 1.8 million barrels per day (bpd) during the first half of this year.

Author: 0 Amazon's Echo Show allows Alexa to answer queries with visuals

As with other Echo products, users can initiate all this with voice commands. With a new Echo device on the horizon and more functionality being added into the current Echo speaker, Amazon is clearly looking to push its Alexa virtual assistant further and build it out with capabilities.

Author: 0 EasyJet blames wider first half loss on weak pound and Easter

EasyJet said it made further progress with its "lean cost programme", offsetting increasing costs of disruption, but that adverse foreign exchange rates continued to have a significant impact on profitability. Adding the A321neos will boost the number of seats per flight, McCall said, improving unit costs by as much as 9 percent versus the biggest planes EasyJet now operates and maximizing growth at slot-constrained hubs such as London Gatwick.

Author: 0 Greek seamen and journalists go on strike

Amid confirmation that the country's battered economy is in recession again, unions have launched a wave of protests ahead of a general strike on Wednesday. The protests come in support of a general strike called by the General Confederation of Employees of Greece (GSEE) and the Executive Civil Servants' Associations (ADEDY) on May 17.

Author: 0 Saudis, Russia Commit To 9-Month Oil Cuts, Goldman Sees $57 Price

The critical issue is whether OPEC can engineer a similar price rise by extending the existing agreement for an additional nine months. "To underscore the determination of oil producers to ensure market stability, predictability and sustainable development - the joint actions of the participating producers should be extended by 9 months, through March 31, 2018", Saudi Arabia and Russian Federation said in a joint statement published Monday by Russia's energy ministry.

Money Africa least hit by WannaCry ransomware cyber-attack
Author: 0 Africa least hit by WannaCry ransomware cyber-attack

The worldwide effort to extort cash from computer users is so unprecedented in its nature - the first widely successful example of ransomware that self-replicates like a virus - that Microsoft quickly changed its policy, announcing free security patches to fix this vulnerability in the older Windows systems still used by millions of individuals and smaller businesses.

Money Millionaire Thinks Millennials Won't Own Homes Because Of Avocado Toast
Author: 0 Millionaire Thinks Millennials Won't Own Homes Because Of Avocado Toast

The Melbourne property developer Australian news programme 60 Minutes: "When I was trying to buy my first home, I wasn't buying smashed avocado for $19 and four coffees at $4 each". Avocado toast is one of your five-a-week; one of the five Instagram pictures you need to take regularly to prove to all your followers that you are indeed a millennial, and not a non-avocado-eating imposter.

Author: 0 Alexa has a screen with Amazon Echo Show

It has eight microphones, so that it never misses your voice commands. The Echo Show will launch in the U.S. in June and will enable users to make video calls as well as view photos and video using voice commands. The screen and video calling also help Amazon set the Echo apart from Google Home . The interesting thing, however, is the new touchscreen feature.

Author: 0 Independent Advisor Alliance Invests $4.634 Million in Home Depot Inc (HD)

Thomas J. Herzfeld Advisors Inc. bought a new position in Home Depot during the fourth quarter valued at approximately $131,000. The company's quarterly revenue was up 5.8% on a year-over-year basis. The company had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $21.74 billion. For the last period, the company reported quarter over quarter EPS growth of 23.70% and quarter over quarter sales growth of 5.80%.

Money Oil stocks drive Britain's FTSE to new record high
Author: 0 Oil stocks drive Britain's FTSE to new record high

US crude rose 1.96 percent to $48.78 per barrel and Brent was last at $51.76, up 1.81 percent on the day. But there was a sharp fall in April as an early United Kingdom general election was called - an announcement that gave a boost to the pound, weakening the sterling value of FTSE firms' overseas revenues.

Author: 0 Analysts At Macquarie Research Reiterated BHP Billiton PLC (LON:BLT) As Outperform

Finally, HSBC Holdings plc upgraded BHP Billiton Limited from a "hold" rating to a "buy" rating and lowered their price target for the stock from $41.79 to $25.75 in a research report on Wednesday, April 19th. On Monday Jefferies International reiterated its target for shares of BHP Billiton PLC as "Buy" recommending a target price of 1700 for investors; potentially meaning there is an increase of 43.52% from BHP Billiton PLC's share price of 1184.5.

Money Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !
Author: 0 Snapchat reports first earnings since going public ; Lost $2.2 billion last quarter !

The company's shares fell almost 25% to $17.39 in the wake of the first quarterly earnings report since Snap's highly-publicized initial public offering in March, according to Reuters . The company, though, has brought on others with more experience, including Chairman Michael Lynton, former chief executive of Sony Corp's movie and music businesses.

Author: 0 Oil rises after USA inventories drop, signals of OPEC cut extension

Crude inventories fell 5.2 million barrels in the week to May 5, the US Energy Information Administration said . Saudi Arabia, the world's biggest oil exporter, has notified at least one Asian refiner of its first cut in crude allocations since an Opec output cut took effect in January, a source told Reuters on Wednesday (May 10).

Author: 0 WannaCry 2.0: Get Ready For a New Round of Ransomware Attacks

The malware behind WannaCry (also called WannaCrypt, Wana Decryptor or WCry) was reported to have been stolen from the NSA in April. The tools were made public by a hacking group called the Shadow Brokers. He said it was unclear so far how it had started but ransomware generally spread via a few different methods. The attack has hit more than 75,000 computers in 99 countries.

Author: 0 Sacramento TV station to change hands

It also will assume debt of $2.7 billion. Tribune also owns Fort Smith CBS affiliate KFSM-TV, Channel 5. Sinclair Broadcast Group, already the nation's largest local TV station operator, wants to be even bigger. corporate player in this space in the past seven-plus years. The Tribune deal, plus other pending acquisitions, will give Sinclair a total of 233 TV stations.

Money Trump shared secret info about IS with Russians
Author: 0 Trump shared secret info about IS with Russians

Trump Russian Foreign Minister Sergei Lavrov and Ambassador Sergey Kislyak - a key figure in earlier Russia controversies - into the Oval Office last week. Eliot Cohen, a former counselor to Secretary of State Condoleezza Rice under President George W. Bush, said on Twitter that if Trump had given the classified material to the Russians deliberately, "it would be treason".

Money United Kingdom inflation climbs to higher than expected 2.7%
Author: 0 United Kingdom inflation climbs to higher than expected 2.7%

The Reserve Bank is unlikely to lower the key rates despite the dramatic fall in retail inflation to under 3 per cent in April but it may highlight the likely risks to the price rise dataprints for the second half of the year, said a foreign brokerage today.

Money India's April exports grow 19.8%, imports up 49% on gold rush
Author: 0 India's April exports grow 19.8%, imports up 49% on gold rush

However, a faster growth in imports widened the trade to $13.25 billion, which is nearly three times the amount in the same month past year. Gold imports at $3.85 billion more than doubled from $1.23 billion in April last year but lower from $4.17 billion in March this year.

Author: 0 OPEC calls for 'collective efforts' to counter U.S. oil boom

A cornerstone of the Saudi promise to rebalance the market would be to extend, potentially into 2018, a pledge led by the Petroleum Exporting Countries (OPEC) and other producers including Russian Federation to cut output by nearly 1.8 million barrels per day (bpd) during the first half of the year.

Author: 0 Russia, Saudi Arabia back extension of oil output cuts

Saudi Arabia's Energy Minister Khalid al-Falih (L) and Russia's Energy Minister Alexander Novak attend a joint briefing in Beijing, China May 15, 2017. USA crude rose by $1.43 to $49.26.Oil traders were surprised by the strong wording of the announcement, though it remained to be seen whether all countries participating in the deal would agree with the Saudi-Russian stance.

Money OPEC likely to extend output pact, bigger oil cut unlikely: delegates
Author: 0 OPEC likely to extend output pact, bigger oil cut unlikely: delegates

United States crude fell $US1.93 or 4.1 per cent to $US45.89 per barrel, by midday in New York, Brent was down $US1.95, or 3.9 per cent to $US48.83. "Markets are losing faith that the global inventory glut will disappear on OPEC's cuts", said Michael Poulsen, an analyst at Global Risk Management Ltd.

Author: 0 Judge orders Uber not to use technology taken from Waymo

Alsup referred the case to the U.S. Department of Justice for investigation of possible trade secret theft on Thursday, when the ruling was released under seal. Alsup also ordered Uber to remove Levandowski from any role in Lidar, and ordered Uber to stop him from copying or otherwise using the downloaded materials.

Money Toshiba reports massive loss for year over Westinghouse woes
Author: 0 Toshiba reports massive loss for year over Westinghouse woes

Toshiba is depending on the sale to recuperate from the billions lost in its now bankrupt USA nuclear unit. Toshiba twice postponed nine-month earnings before it released unaudited results last month. Western Digital has sought global arbitration to stop Toshiba from selling the unit without its consent, arguing that the Japanese conglomerate has violated joint venture contracts.

Author: 0 Wenger hails striking options at Arsenal

The former Chelsea man was at his best to keep out a Nathan Redmond drive in the first half and knows a top-four finish is still a challenge. With just seven goals to their name in that run themselves, it appears that an unusually pragmatic Arsenal are therefore looking to merely grind out the results they need in order to squeeze back into the top four.

Money Tailpipe pollution 50% higher than government tests show, study finds
Author: 0 Tailpipe pollution 50% higher than government tests show, study finds

According to researchers, diesel cars, lorries and buses are churning out far more air pollution than standard testing suggests. And that translates to an extra 38,000 deaths worldwide from soot and smog, a new study say. The countries where diesel vehicles were tested are Australia, Brazil, Canada, China, the European Union, India, Japan , Mexico, Russia , South Korea , and the United States , where more than 80 percent of new diesel vehicle sales occurred in 2015.

Money Australia could ban laptops on worldwide flights
Author: 0 Australia could ban laptops on worldwide flights

Australia could follow the U.S. and Britain to ban passengers from bringing laptops in carry-on baggage on certain worldwide flights. "And you know that we are looking at it very closely, taking into account all the information and advice we are receiving internationally and working very closely with our partners".

Money GIC offloads whopping 93m UBS shares, says it is
Author: 0 GIC offloads whopping 93m UBS shares, says it is "disappointed" with loss

GIC in late 2007 injected 11 billion Swiss francs ($10.2 billion at the time) into UBS, and in January 2008 said it would pump $6.88 billion into USA banking giant Citigroup. Losses on other bank investments made during the crisis, including Citigroup Inc, added to the wealth fund's woes. GIC had bought into Switzerland's biggest bank early in the financial crisis, purchasing bonds that converted into stock when UBS needed capital to cover losses on subprime mortgage bonds.

Author: 0 China eyes global market after Comac C919 maiden flight

Commentators are divided on the potential for the plane, but some argue it could pose a major threat to the current Boeing/Airbus duopoly in large commercial aircraft. There is also the daunting task of selling the jet in a global market dominated by Boeing and Airbus. However, the C919 is not the first Chinese-assembled modern commercial jetliner to take to the skies.

Money Singapore consortium to develop start-up area in Amaravati
Author: 0 Singapore consortium to develop start-up area in Amaravati

The Singapore Consortium, together with the Government of Andhra Pradesh's Amaravati Development Corporation, will form a Joint Venture called Amaravati Development Partners, to develop a 6.84 square kilometre start-up area in Amaravati. For speedy implementation of the project, a high-level joint implementation steering committee (JISC) will also be formed. Around 72 experts & officials are expected to be part of delegation from Singapore.

Author: 0 Saudi, Russia agree to extend deal to cut oil output

Saudi Energy Minister Khalid al-Falih and his Russian counterpart Alexander Novak met on Monday in Beijing and said that a joint deal to cut crude supplies in order to prop up the market would be extended from the middle of this year until March 2018.

Author: 0 US spat erupts ahead of Trump visit to region

President Donald Trump in Washington this past February. The issue arose over a disagreement between Israel and the USA on whether Netanyahu would accompany Trump when he visits the Western Wall next week, according to Channel 2, which also said the USA had apparently rejected that request.

Author: 0 NHAI to develop multi-modal logistics park in Tamil Nadu

Stating that?496 crore will be allotted on Wednesday to meet the retirement benefits of crew members, Transport Minister M.R. Vijayabaskar appealed to the members of transport unions to call of their strike. The employees have demanded the pending amount of almost Rs7,000 crore to be allotted, including salary hike, disbursing pension arrears and other payments to existing employees.

Author: 0 Tale of the Tape: AK Steel Holding Corporation (NYSE:AKS) Moves -3.60%

United States Steel (NYSE:X) last announced its earnings results on Tuesday, April 25th. The share price of the stock plunged -21.82% for the year. These analysts will usually also include ratings and estimates in their reports. The institutional investor owned 70,800 shares of the basic materials company's stock after buying an additional 1,300 shares during the period. Merriman Wealth Management Llc holds 8.39% of its portfolio in AK Steel Holding Corporation for 3.01 million shares.

Author: 0 Merkel's party wins election in rivals' German heartland

The opposition Left Party fell just short of the 5 percent needed to win seats. Pundits say the SPD needs to win in the NRW if the party's candidate for chancellery, Martin Schulz, is to pose a serious threat to Angela Merkel in the upcoming national elections scheduled for September 24.

Author: 0 Russia, Saudi call for oil output deal extension

Mr. Falih said that the terms of the deal or the targeted levels of production are unlikely to get revised while the tenure is extended. "Saudi, the defacto leader of OPEC, and Russian Federation, the world´s biggest producer, together control a fifth of global supplies, but have been spurred into action as crude futures have languished around $50 per barrel".

Money Tronc in talks with Wrapports to acquire Chicago Sun
Author: 0 Tronc in talks with Wrapports to acquire Chicago Sun

In 2011, the Sun-Times was acquired by Wrapports, an investor group assembled by prominent Chicago investor John Canning but led by Ferro, for about $20 million, from the estate of James Tyree, who had recently died after having led the newspaper out of its 2009 bankruptcy.

Money Buffett's firm buys more airline stock in first quarter
Author: 0 Buffett's firm buys more airline stock in first quarter

Berkshire Hathaway will file an update its US stock holdings on Monday, but CEO Warren Buffett already announced one of the biggest changes the company made in the first quarter. Berkshire Hathaway did not return a request for comment on whether the harassment claims played a part in his motivations for dumping the shares. Even as Berkshire's stock picks are closely watched by investors, they've become less important to the company's overall performance.

Author: 0 CDU wins over SPD's stronghold of North Rhine-Westphalia

The Social Democrats conceded defeat in yesterday's vote in North Rhine-Westphalia. Hannelore Kraft , top candidate of the social democratic SPD party for regional elections in North Rhine-Westphalia, and her husband Udo cast their ballots at a polling station in Muelheim an der Ruhr, western Germany, on May 14, 2017.

Money North Korean Official Says Will Continue Missile Tests
Author: 0 North Korean Official Says Will Continue Missile Tests

President Trump on Tuesday said "you always have to be concerned" about nuclear war when dealing with North Korea. "The regime is now developing intercontinental ballistic missiles which would be capable of delivering a nuclear strike on the mainland United States".

Author: 0 Pound (GBP) Investors Less Optimistic after Bank of England (BoE) 'Super Thursday'

He said the Bank was working on expectations of a smooth transitition period but that he expected a drag on productivity in future as the United Kingdom adjusted to new arrangements. But most economists believe she will remain the lone dissenter after the worse-than-expected gross domestic product (GDP) reading, which came after 0.7% growth in the previous three months.

Money Crude Futures Settle Nearly 5% Lower; Gains From OPEC-Led Deal Erased
Author: 0 Crude Futures Settle Nearly 5% Lower; Gains From OPEC-Led Deal Erased

The turbulence comes after prices yesterday dropped to the lowest level since November 2016, when the Organisation of the Petroleum Exporting Countries (Opec) agreed to cut production in order to rebalance the oversupplied market. That deal saw prices spike to well over $US50 a barrel ($US56 for Brent crude), then retreat earlier this year and finally bounce back past the $US50 a barrel mark before hitting the wall this week.

Money EXACT Sciences Corporation (NASDAQ:EXAS) & Nuance
Author: 0 EXACT Sciences Corporation (NASDAQ:EXAS) & Nuance

Goldman Sachs Group Inc set a $33.00 target price on shares of EXACT Sciences and gave the company a "neutral" rating in a research report on Monday, May 1st. The correct version of this report can be viewed at https://transcriptdaily.com/2017/05/15/exact-sciences-co-exas-raised-to-buy-at-vetr-inc.html. LIDGARD GRAHAM PETER had sold 2,945 shares worth $62,316 on Monday, March 13.

Author: 0 Syrian forces clash with rebels in new Russian 'de-escalation' zone

The call came as a Russia-initiated plan to set up safe zones was to take effect. The text of the memorandum was published by the Russian foreign ministry on Saturday. The Observatory and opposition activist Ahmad al-Masalmeh said four opposition fighters were killed in the southern province of Daraa after they were targeted by government forces.

Author: 0 Warren Buffett Shares 'Number One Problem with Mankind'

Buffett said at the time that 'Apple strikes me as having quite a sticky product'. Buffett said his federal income taxes would have gone down 17 percent past year if the GOP bill was in effect. Buffett said that he 'really underestimated the brilliance of the execution'. Buffett said a CEO's natural tendency is to first defend his employees, but that should not have been the case if Munoz had seen the video.

Author: 0 Bernstein Reiterates "Market Perform" Rating for Tesla Inc (TSLA)

Tesla traded up $7.16 for the day and closed at $304.00Specifically, insider Jeffrey B. Straubel sold 106,000 shares of the firm's stock in a transaction dated Monday, May 8th. Tesla (NASDAQ:TSLA) last issued its earnings results on Wednesday, May 3rd. World Asset Management Inc now owns 4,672 shares of the electric vehicle producer's stock worth $953,000 after buying an additional 1,881 shares during the period.