Money

Money North Korea standoff wipes $1trn off global stocks
Author: 0 North Korea standoff wipes $1trn off global stocks

The dollar rose 0.3 percent to 109.52 yen, getting some respite after having fallen to as low as 108.72 yen on Friday, its lowest since April 19. Much of the moves reversed course Monday, however, something some traders attributed to solid corporate earnings, stronger-than-expected economic data from Japan, and investors repricing the risks of escalating conflict between North Korea and the U.S.

Money Revenue Estimates to see: Tesla Motors, Inc. (TSLA)
Author: 0 Revenue Estimates to see: Tesla Motors, Inc. (TSLA)

DekaBank Deutsche Girozentrale now owns 11,778 shares of the electric vehicle producer's stock worth $4,437,000 after buying an additional 2,821 shares in the last quarter. The Market Capitalization of the company stands at 59.31 Billion. The firm had revenue of $2.79 billion during the quarter, compared to the consensus estimate of $2.50 billion.

Money Prez for egalitarian New India by '22
Author: 0 Prez for egalitarian New India by '22

In his first address to the nation on the eve of its 71st Independence Day, the President recalled the role of "countless freedom fighters who made great sacrifices... Mr Kovind said the government is promoting the idea of Beti Bachao Beti Padhao but it is for the people to ensure that daughters are not discriminated against and get the best education.

Money Berkshire Hathaway drops GE, starts Synchrony position
Author: 0 Berkshire Hathaway drops GE, starts Synchrony position

General Electric announced in June that its CEO, Jeff Immelt, is stepping down later this year, to be succeeded by GE Healthcare's John Flannery. Shares of Synchrony are down 18.3 percent this year, but they bounced up almost 4 percent in after-hours trading on Monday.

Money VF Corp. to buy Williamson-Dickie for $820M
Author: 0 VF Corp. to buy Williamson-Dickie for $820M

The deal is slated to close early in the fourth quarter . During the recent 12 months, Williamson-Dickie's revenue was about $875 million, the news release stated. Together, the companies would have $1.7 billion in annual revenue. Williamson-Dickie is expected to contribute more than 25 cents in EPS by 2021. " We remain committed to ongoing and active portfolio management, and we will continue to make transformational moves and evolve VF as we have done many times throughout our history ...

Money Chinese automaker reportedly bids for Fiat Chrysler
Author: 0 Chinese automaker reportedly bids for Fiat Chrysler

At the time of writing, the First Call consensus price target for the company is $15.91. Fiat Chrysler Automobiles N.V. had a return on equity of 15.69% and a net margin of 2.51%. Fiat Chrysler Automobiles N.V. now has an average rating of "Hold" and a consensus price target of $12.55. Greenleaf Trust boosted its stake in shares of Fiat Chrysler Automobiles N.V.by 3.2% in the second quarter.

Money Attorney: British cyber expert will be cleared
Author: 0 Attorney: British cyber expert will be cleared

Hutchins will be able to use his computer and the internet, and his access will not be limited to work. Usually computer crime suspects are instructed to stay offline completely, but the only restrictions on Hutchins is that he can't visit the Wannacry server domain.

Money Aldi to pilot grocery delivery with Instacart
Author: 0 Aldi to pilot grocery delivery with Instacart

Instacart , which has been attracting investors , "already has grocery delivery partnerships with USA retailers such as Wegmans, Publix, and Ahold Delhaize, but is looking to expand its footprint as companies aim to compete with online retail giant Amazon", Sarah Harford reports for European Supermarket Magazine .

Money Swiss franc eases slightly after spiking on North Korea tensions
Author: 0 Swiss franc eases slightly after spiking on North Korea tensions

Tensions between the USA and North Korea continued to simmer early on Friday. "There's not a great incentive to buy big", said Lerner of SunTrust Advisory. The dollar extended losses against the yen to hit a new two-month low. Japan is the world's biggest creditor nation and there is an assumption Japanese investors may repatriate their foreign holdings in times of heightened global uncertainty.

Money Trump Calls Out KKK, White Supremacists After Charlottesville: 'Racism Is Evil'
Author: 0 Trump Calls Out KKK, White Supremacists After Charlottesville: 'Racism Is Evil'

The president, Sessions said in tough questioning from David Muir, "unequivocally condemned violence and hatred and bigotry", and would likely address the matter again. "Justice will be delivered", Trump said . An unnamed White House official said Sunday that "of course" the President condemns "white supremacists, KKK, neo-Nazi and all extremist groups", but declined to explain why the President wasn't saying it himself.

Money Uber adds tipping and reduces cancellation time to two minutes in UK
Author: 0 Uber adds tipping and reduces cancellation time to two minutes in UK

There will also be paid waiting time where riders have two minutes to get to their Uber once it has arrived otherwise they'll be charged 20p for every minute they keep the driver waiting. "Over the last 12 months we've hosted hundreds of events and spoken to thousands of drivers on the phone, in the office and at roundtable discussions", said Jo Bertram, Uber's regional general manager for the UK.

Money Market Now: Nifty Metal snaps 3-day losing run; gains over 3%
Author: 0 Market Now: Nifty Metal snaps 3-day losing run; gains over 3%

On Monday, BSE Sensex opened 85.93 points up or 0.28% at 31,299.52 while the wider Nifty opened 46 points up or 0.46% at 9,755.75. The Sensex touched a high of 31,526.40 points and a low of 31,298.90 points during the intra-day trade. On the currency front, the rupee closed on a flat note at 64.12 to a USA dollar. The NSE Nifty posted its biggest daily gain in more than a month, recovering from a five-day losing streak, as investors saw those losses as overdone and as global markets ...

Money Egyptian Train Crews Held After Fatal Alexandria Crash As Railway Chief Quits
Author: 0 Egyptian Train Crews Held After Fatal Alexandria Crash As Railway Chief Quits

Emergency personnel and Egyptian military police search the wreckage of the train collision on August 11, 2017 near Khorshid station in Alexandria. In addition to the deaths, at least 133 people were injured when the two trains collided in the coastal city on Friday, the latest in a string of crashes on an antiquated transport network that have outraged the public.

Money Bitcoin Prices Reach (Yet Another) All-Time High, Passing $4240
Author: 0 Bitcoin Prices Reach (Yet Another) All-Time High, Passing $4240

At press time, a bitcoin was worth $4,231. The split grew out of the tension between growing demand for the virtual currency and some of the design features that had fueled that popularity - the decentralized verification procedures that ensured against hacking and government oversight.

Money Merck chief Ken Frasier resigns from Trump council
Author: 0 Merck chief Ken Frasier resigns from Trump council

Multiple people were injured in that incident and in in running clashes between white supremacists and groups opposing them. " America's leaders must honor our fundamental values by clearly rejecting expressions of hatred, bigotry and group supremacy", said Frazier, who is black.

Money Japan second quarter GDP blows past expectations on robust domestic demand
Author: 0 Japan second quarter GDP blows past expectations on robust domestic demand

Motegi said continued improvements in employment and income conditions will likely benefit the world's third-largest economy. These are all encouraging signs that consumer spending is no longer the weak spot in Japan's economic outlook. The rosy data was also a vindication for Japanese Prime Minister Shinzo Abe's government, which has faced criticism that its economic agenda has not done enough to revive the country's fortunes.

Money Stock markets lower, gold price continues to rise amid political tensions
Author: 0 Stock markets lower, gold price continues to rise amid political tensions

South Korea's KOSPI .KS11 fell 1.7 percent on Friday to its lowest since May 24, but its losses for the week were a relatively modest 3.2 percent. President Donald Trump told North Korea on Friday that the USA military was " locked and loaded ", while Pyongyang accused him of driving the Korean peninsula to the brink of nuclear war.

Money Facebook launched a colourful, covert app in China to bypass censorship
Author: 0 Facebook launched a colourful, covert app in China to bypass censorship

Facebook anonymously launched a new photo-sharing app in China in a new effort to make inroads in the world's most populous country. China's biggest internet service provider, China Telecom Ltd, sent a letter to corporate customers last month saying that VPNs, which create encrypted links between computers and can be used to see sites blocked by Beijing's web filters, would be permitted only to connect to a company's headquarters overseas.

Money Japan GDP takes spotlight off Korea
Author: 0 Japan GDP takes spotlight off Korea

The Topix, including all first-section issues, ended down 18.19 points, or 1.12 percent, at 1,599.06, after falling 0.65 point the previous trading day. The dollar, meanwhile, stood at 109.33 yen, edging up from 109.11 yen in NY on Friday, but still sharply lower than 109.99 yen seen Thursday in Tokyo before the long weekend.

Money GoDaddy bans white supremacist website for offensive post
Author: 0 GoDaddy bans white supremacist website for offensive post

Anonymous acknowledged the post through a Twitter account but didn't confirm it was involved. Heather Hayer was killed when a vehicle drove into a group of counter-protesters in Charlottesville, Virginia , where white supremacists were also demonstrating.

Money Wholesale inflation jumps to 1.88% in July on dearer food articles
Author: 0 Wholesale inflation jumps to 1.88% in July on dearer food articles

Wholesale inflation rose sharply to 1.88 percent in July as compared to 0.90 percent for the previous month. Wholesale inflation in food articles rose 2.15% while that of fuel, power, lighting rose 4.37%. Disinflationary pressures allowed the RBI to cut its main policy rate early this month by 25 basis points to 6 percent, the lowest since November 2010.

Money USA stocks close lower, snapping Dow's 10-day winning streak
Author: 0 USA stocks close lower, snapping Dow's 10-day winning streak

But some economists say the Fed may stand pat for the rest of 2017 unless inflation accelerates in coming months. Both the core and headline rates are expected to have risen by 0.2 percent during July. The escalating threat from North Korea and President Donald Trump's increasingly aggressive response kept global markets in fear this week. The index has fallen to its lowest intraday level in nearly a month.

Author: 0 Central Intelligence Agency chief: Korea not 'imminent

North Korea said the launch tested the capability to carry a "large-size heavy nuclear warhead", and its ambassador in Beijing has said that Pyongyang would continue such test launches "any time, any place". position in an unambiguous way". Pompeo said he could not get into specifics but said that North Korea's progress has gone on for decades. Dunford says he wants to underscore the United States' "ironclad commitment" to its alliance with Seoul and Tokyo.

Money Neymar to debut for PSG on Sunday
Author: 0 Neymar to debut for PSG on Sunday

Lyon president Jean-Michel Aulas admits that the big European clubs are worried about Paris Saint-Germain's spending spree and feel it could lead to unsustainable inflation in transfer fees and wages. Suffice to add that Neymar's contracts are brokered by his father - and that both Neymars are reportedly under investigation by tax authorities, as was Barcelona after the transfer from Santos.

Money North Korea nuclear standoff sees bitcoin surge past $4000
Author: 0 North Korea nuclear standoff sees bitcoin surge past $4000

While Bitcoin has risen in value by 7 percent over the last 24 hours, its counterpart Ethereum has dropped by almost 4.5 percent. CoinDesk also reported that while bitcoin saw an over 10% rise in its market cap in the past 24 hours, other cryptocurrencies, including IOTA and neo, registered increases of over 20%, and the likes of decent, nexus and binance coin registered rises of around 30%.

Money Marshawn Lynch sits during national anthem at Oakland Raiders preseason game
Author: 0 Marshawn Lynch sits during national anthem at Oakland Raiders preseason game

And apparently, Lynch is no stranger to sitting during the anthem. "If you really not racist, then you won't see what [Kaepernick is] doing as a threat to America, but just addressing a problem that we have". But unlike those demonstrations, many consider what Lynch did on Saturday as not a protest. Del Rio told reporters he did not believe Lynch sitting would be a distraction.

Author: 0 Nikkei flat as North Korea fears recede; financial stocks tumble

Kathleen Brooks, research director at City Index Direct, said: "The Swiss franc is the safe haven of choice today as risk sentiment gets hit from escalating nuclear fears between the United States and North Korea ". Spot gold reached a two-month high. The pan-European FTSEurofirst 300 index .FTEU3 lost 1.19 percent. The Korean story has seen the yen gain around 1.5 percent this week, its biggest rise since mid-May.

Money Businesses scramble to order more eclipse glasses
Author: 0 Businesses scramble to order more eclipse glasses

The total eclipse is set to appear on August 21, 2017. "Safety is among our highest priorities". Amazon has reportedly been shutting down shops offering unverifiable eclipse eyewear and issuing notifications not to use them in case they cause eye damage but it may be a little too late for some who don't get the warning in time.

Money Gold holds gains in Asia with North Korea tension setting the tone
Author: 0 Gold holds gains in Asia with North Korea tension setting the tone

The euro eased 0.1 per cent to $1.1766, staying below a high of around $1.1910 set last week, the euro's strongest level in 2-1/2 years. The Korean won also continued to fall, down 0.45 percent to 1,147.2. The stock lost 89 cents to $3.82. Information technology fell 1.24 percent, hurt by a 16.6 percent plunge to 66.50 Canadian dollars (52.38 dollars) in Kinaxis Inc.

Money Gold steady near 2-month highs on N. Korea tensions
Author: 0 Gold steady near 2-month highs on N. Korea tensions

This would undoubtedly drive greater safe-haven demand for gold , which is traditionally seen as a stable asset during times of turmoil. This is surely welcome news after 2016 was the first year in which overall productivity in the US dropped since 1982.

Money Korean shares end lower on foreign selling amid tensions over N. Korea
Author: 0 Korean shares end lower on foreign selling amid tensions over N. Korea

In bond markets, the yield on U.S. Treasuries fell, also pressured by the lowered expectations for a Fed move. "The stock market looks a little vulnerable". Hong Kong's Hang Seng added 0.6%. Oil prices closed lower after an early rally faded. These mark a bucking against the 1.3% fall in Australia's benchmark index.

Author: 0 United States stocks close lower, snapping Dow's 10-day winning streak

Trump ratcheted up his rhetoric against North Korea and its leader on Thursday, warning Pyongyang against attacking Guam or US allies after it disclosed plans to fire missiles over Japan to land near the US Pacific territory. The RBNZ left rates unchanged at record lows of 1.75 percent and maintained its "on hold" guidance for monetary policy. The Straits Times Index sank 1.31 per cent or 43.52 points to 3,279.72, down 1.4 per cent for the week.

Money Chinese state newspaper says Trump trade probe will
Author: 0 Chinese state newspaper says Trump trade probe will "poison" relations

Officials at the White House and U.S. Trade Representative's office were not immediately available for comment. The China Daily said it was unfair for Trump to put the burden on China for dissuading Pyongyang from its actions. USA and European companies have long complained of Chinese rules that force them to turn over their industrial secrets if they wish to do business in China.

Money North Korea Has Markets Nervous But Not Panicked
Author: 0 North Korea Has Markets Nervous But Not Panicked

Canada's main stock index turned slightly higher in early trade on Wednesday, as gains for gold miners and energy companies with higher commodity prices offset falls among financials. The Labor Department said on Friday its Consumer Price Index edged up 0.1% in July, which was below the 0.2% rise expected by economists polled by Reuters .

Author: 0 Wall Street falls as investors flee risk on N. Korea concerns

Almost $1 trillion has been wiped out from global equity markets since Trump's promise on Tuesday to unleash " fire and fury " on North Korea if it threatens the United States. "Today's inflation data put the Fed on pause and really diminishes the fact that there's still some noise going around with the North Korea-U.S. situation", said Phil Blancato, CEO of Ladenburg Thalmann Asset Management.

Money U.S. stocks close higher, post weekly decline
Author: 0 U.S. stocks close higher, post weekly decline

Japanese markets were closed for a holiday, but the tense mood dragged Asian shares lower and an MSCI index of stocks across the globe was on track to post its largest weekly drop since the week before Donald Trump won the US presidential election in November.

Money Macquarie Boosts Prudential plc (LON:PRU) Price Target to GBX 1977
Author: 0 Macquarie Boosts Prudential plc (LON:PRU) Price Target to GBX 1977

About shares traded. Prudential Financial Inc (NYSE: PRU ) has risen 33.66% since August 11, 2016 and is uptrending. It has underperformed by 16.70% the S&P500. The value of the investment in (PRU) increased from $1,029,000 to $1,638,000 increasing 59.2% since the last quarter. Prudential Financial, Inc ., is a financial services company.

Author: 0 Korean shares extend losses amid escalating tensions over N. Korea

The Standard & Poor's 500 index fell 8 points, or 0.4 percent, to 2,466 as of 2:45 p.m. It was the biggest percentage loss since mid-June. "People are concerned that a shouting match could lead to someone pressing a button", said Irwin Michael, portfolio manager at ABC Funds.

Money Yuvraj Singh dropped for limited-overs series; Ashwin, Jadeja rested
Author: 0 Yuvraj Singh dropped for limited-overs series; Ashwin, Jadeja rested

Rahul's inclusion means there will be four regular openers in the squad and it is likely that the Karnataka batsman will be playing in the middle order. Rohit and Bumrah, on the other hand, played in the Champions Trophy and were rested for the series against West Indies. Axar, 23, is already in Sri Lanka with the Test team, as replacement for the suspended Jadeja.

Money Wall St rises on inflation data but on track for weekly losses
Author: 0 Wall St rises on inflation data but on track for weekly losses

J.C. Penney slumped as much as 18.25 percent to a record low after the retailer reported a bigger-than-expected quarterly loss. The CBOE Volatility Index - a measure of investors' expectations for swings in the S&P 500 over the next 30 days - surged 44% Thursday, to 16.04 - its highest level since U.S.

Money Cash-strapped SoundCloud gets new funds and top management
Author: 0 Cash-strapped SoundCloud gets new funds and top management

Embattled streaming service SoundCloud has been saved from closure by a last-minute investment of $US170 million (about $222 million) in a deal that will also see chairman Alexander Ljung step down from his role as chief executive. "All of this together - the capital, the capital partners - with Kerry and Mike joining our team - it puts our company in a really great position to stay strong and remain independent", Ljung told Billboard .

Money US stocks slide amid heightened US-North Korea tensions
Author: 0 US stocks slide amid heightened US-North Korea tensions

US stocks closed lower for the third day in a row Thursday, led by declines in technology companies and banks, two of the highest-performing sectors over the a year ago. The numbers came ahead of Friday's USA inflation numbers which may be key to the interest-rate outlook for the world's biggest economy. The price of gold also surged for the second day in a row as the December bullion contract advanced US$10.80 to US$1,290.10 an ounce.

Money Wall Street finished a hard week on a high note
Author: 0 Wall Street finished a hard week on a high note

The president said "things will happen to them they never thought possible" should Pyongyang attack the U.S. or its allies. The benchmark Kospi tumbled 39.76 points or 1.7% to 2,319.71, its lowest level since May 24th. According to analyst Simona Gambarini, the price of gold "tends to rise in anticipation of a conflict but often falls when tensions turn into a full-blown war".

Money Stocks in Europe and Asia Slip as North Korea Tensions Rise
Author: 0 Stocks in Europe and Asia Slip as North Korea Tensions Rise

The remarks followed a new report asserting that US intelligence has assessed that Pyongyang has successfully produced a nuclear warhead that can fit inside its missiles. The index has slid to its lowest intraday level in nearly eight months. The Japanese yen strengthened 0.08 percent versus the greenback at 110.00 per dollar.

Author: 0 Asian shares, USA stock futures, dollar slip on rising Korean tensions

Gold miners bucked the 1.3 per cent fall for Australia's benchmark index. Japan's Nikkei 225 Index edged down by 0.1%, while Hong Kong's Hang Seng Index tumbled by 1.1%. A report released by the Labor Department showed a modest uptick in consumer prices in the USA in the month of July. The primary indicator of the week, consumer prices have slightly advanced in the month of July in the United States, but less than expected, according to figures released Friday by the ministry of Labour.