Money

Author: 0 World's second largest economy has its credit rating downgraded by Moody's

World stocks inched lower on Wednesday after China's sovereign credit rating was downgraded and as investors eyed a pause in Wall Street's four-day winning streak, the longest in over three months. Markets have been shocked by announcement initially, sending commodities and Asian currencies down. China's total outstanding credit was worth an alarming 260% of its GDP a year ago, up from 160% in 2008, according to Bloomberg .

Author: 0 Dollar slips after cautious Fed minutes

US stocks were modestly higher late on Wednesday morning, aiming for a fifth straight day of gains, as investors awaited Federal Reserve minutes of its May meeting that could cement the chances of an interest rate hike next month. USA stocks traded slightly higher on Wednesday, though activity was subdued ahead of minutes from the Federal Reserve's latest meeting, which could quell doubts about a June interest-rate increase.

Author: 0 What Trump gets wrong about the Middle East

A senior Iranian military official said that the recent US-Saudi Arabia arms deal will jeopardize regional security, media reports said. Iranian Parliament Speaker Ali Larijani, who was speaking separately on Tuesday, referred to that development and said the opening of the center in the Saudi capital was "the right thing to do, because that very place (Riyadh) is the source of exporting terrorism".

Money Ford to slash North America, Asia salaried employees by 10 percent
Author: 0 Ford to slash North America, Asia salaried employees by 10 percent

Ford's operations in Europe and South America have already seen workforce reductions. Ford's shares lost more than a third of their value since Mark Fields was named CEO in 2014. "We have not announced any new people efficiency actions ". Ford is getting leaner as it faces an onslaught of challenges, from slowing US sales to high-tech challengers to its own disgruntled shareholders.

Author: 0 Wal-Mart earnings dip but sales rise at its USA stores

For the first quarter ended April 30, the retailer reported a 63% increase in online growth, same store sales grew 1.4%, driven by a traffic increase of 1.5%. This was another apparent reason for the sales boost, with the retailer reporting that its store visits rose 1.5%, the tenth consecutive quarterly increase.

Author: 0 Bomber's brother 'knew of terror plans'

Hundreds of soldiers were sent to secure key sites across the country, including Buckingham Palace and the British Parliament at Westminster. Abdalla Yousef, a spokesman for the mosque, said Abedi's father and the rest of the family apart from the two sons had returned to Libya in 2011 after the killing of Gadaffi.

Author: 0 Wall Street rises, dollar falls on Fed minutes; oil retreats

But the Fed statement from the May meeting retained the same language that policymakers have been using for several years, noting that they anticipated maintaining the same reinvestment policy "until normalization of the level of the federal funds rate is well underway".

Author: 0 Columbus Circle Investors Has $4.364 Million Position in EXACT Sciences Co. (EXAS)

Stifel Financial Corp now owns 21,475 shares of the medical research company's stock worth $506,000 after buying an additional 310 shares during the last quarter. The legal version of this article can be viewed at https://www.thecerbatgem.com/2017/05/23/exact-sciences-co-exas-position-held-by-isthmus-partners-llc.html.

Author: 0 Williams-Sonoma, Inc. (WSM) EPS Estimated At $0.48

BNP Paribas Arbitrage SA's holdings in Williams-Sonoma were worth $1,641,000 at the end of the most recent quarter. (NYSE:WSM). Kcg Holding Incorporated invested 0.04% of its portfolio in Williams-Sonoma, Inc. The business also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. (NYSE:WSM). Southeast Asset Advsr holds 0.43% or 28,080 shares.

Author: 0 OPEC backs extended oil production cuts

Crude oil prices edged higher in Asia on Wednesday after industry data on USA inventories showed refined products down more than expected, but crude stocks not falling as much as seen, and the market held cautious ahead of meeting of OPEC and allied producers on May 25.

Author: 0 Stocks Hold Slight Gains in Wait for Minutes From Fed's May Meeting

Minutes from the Fed's last policy meeting showed policymakers agreed they should hold off on raising interest rates until it was clear a recent US economic slowdown was temporary, though most said a hike was coming soon. Higher interest rates also tend to boost the profitability of certain companies such as banks. The dollar was boosted as USA debt prices fell, with the benchmark 10-year Treasury note yield climbing 3 basis points overnight and putting some distance between the one-month ...

Money Airports testing extra screening for tablets and e-readers
Author: 0 Airports testing extra screening for tablets and e-readers

Most travelers already must remove laptops from bags when they go through security checkpoints. TSA officials say overstuffed bags take longer to examine with X-ray machines. A senior TSA official told DailyMail.com that there are no current plans to expand the pilot program nationwide. "I don't think it's going to streamline the process", McClain said.

Author: 0 Moody's downgrades China's rating; changes outlook

Communist leaders have cited reducing financial risk as a priority this year. At the same time, Beijing's need to deliver on official growth targets is likely to make the economy increasingly reliant on stimulus, Moody's said. "The economy is likely to slow but the forecast of Moody's is too pessimistic", said Zhao Quanhou, a senior research fellow of the Chinese Academy of Fiscal Science, adding that the rating agency had, to some extent, lost its objectivity.

Author: 0 Oil Settles Up Slightly On View OPEC Will Extend Output Cuts

Shortly afterwards, Iran's oil minister indicated his support for a nine-month cut. But if OPEC's public comments convince traders it will ensure oil stockpiles are reduced to their five-year average, it may embolden United States producers to ramp up shale oil production.

Money Ardent considers Dreamworld development
Author: 0 Ardent considers Dreamworld development

Ardent Leisure also announced it would continue to engage with third party developers regarding possible development opportunities within the precinct. The theme park's dramatic fall from grace began when four people were killed while enjoying a day out at Dreamworld on October 25, 2016. Shares in the company rose 1 percent to A$2.07 in early trade on Wednesday, still 18 percent below their value before the fatal accident.

Author: 0 Budget chief slams Obama growth forecast

The biggest savings would come from cuts to the Medicaid healthcare program for the poor , which are embedded in a Republican healthcare bill passed by the House of Representatives. crude prices. As Alice Rivlin, who served as director of the Office of Management and Budget under Clinton, told the Times, "This has been a very long period of growth and we're at the high end already".

Author: 0 Man charged with murder over teen's death in Times Square crash

Richard Rojas, 26 , a former Navy electrician from the Bronx , was arrested at the scene and later charged with one count of murder in the death of an 18-year-old tourist and with 20 counts of attempted murder. WARNING: Graphic CCTV of the auto driving in to pedestrians. Richard Rojas enlisted in the Navy in 2011. "I assumed he got help, but I guess he didn't", said Harrison Ramos, who said he's known Rojas since childhood.

Author: 0 Trump called Kim Jong Un a 'madman with nuclear weapons'

The transcript of the call was released Tuesday; read the full thing here. It also shows the leaders discussing the North Korean threat, with each referring to the North's ruler, Kim Jong Un , as a "madman". Trump told Philippine President Rodrigo Duterte Washington had "a lot of firepower over there", according to the New York Times , which quoted a transcript of an April 29 call between the two.

Author: 0 Did Pope Francis diss the President?

However, the atmosphere seemed quite amicable once they met. "Liberals who had already expressed concern about climate change agreed more with the Pope's message that climate change will disproportionately affect the poor". The Vatican described the president's meetings with both the pope and with top Vatican diplomats as consisting of "cordial discussions", with both sides appreciating "the good existing bilateral relations between the Holy See and the United States of America, as well ...

Author: 0 Comey to testify publicly before Senate Intelligence Committee

Russian Foreign Minister Sergey Lavrov denies discussing the firing of former FBI Director James Comey with President Donald Trump during his White House visit earlier this month. This means he has wide latitude to investigate anything having to do with Russia's meddling in the elections, including whether or not Trump's campaign has ties to Russian Federation, and whether or not Trump obstructed justice when he fired Comey.

Money Estimated 23 mln would lose health insurance under Republican bill: CBO
Author: 0 Estimated 23 mln would lose health insurance under Republican bill: CBO

The May 24 estimate of the version of the AHCA actually passed by the House contains by far the least deficit reduction (just $119 billion over ten years) but still predicts nearly the same number of insurance losses. The GOP legislation would steer people with costly medical conditions - and who haven't maintained continuous individual coverage - into the high-risk pools in order to lower premiums for others.

Money Based Cars.com to stop advertising on Fox News' 'Hannity'
Author: 0 Based Cars.com to stop advertising on Fox News' 'Hannity'

Cars.com, exercise company Peloton, and mattress supplier Leesa have all pulled their ads from the show, although it'll reportedly take a few days for the changes to take effect. Washington police have said they think Rich was killed in a random robbery attempt. It was not immediately clear if the reporter or editor responsible for the story were facing any disciplinary action and a Fox News spokesperson was not immediately available for comment.

Author: 0 Is Noble Energy, Inc. (NBL) In For Another Earnings Surprise?

A number of large investors have recently made changes to their positions in NE. Advantus Capital Management Inc boosted its stake in shares of Noble by 3.6% in the first quarter. This represents a $0.40 dividend on an annualized basis and a yield of 1.30%. Moreover, Whittier has 0% invested in Noble Energy, Inc. ILLEGAL ACTIVITY WARNING: This story was posted by Markets Daily and is the sole property of of Markets Daily.

Money Iran says dialogue, peaceful means key to solving Syria issue
Author: 0 Iran says dialogue, peaceful means key to solving Syria issue

French carmakers PSA PEUP.PA and Renault RENA.PA are taking advantage of their lack of US operations by piling into a resurgent Iranian market that is still off-limits to rivals fearful that Trump's administration will impose sanctions. 'Unfortunately, Americans have always made mistakes in our region. "We expect Iran to behave responsibly. not to support terror", said his German counterpart Sigmar Gabriel.

Money Welcoming Trump, Bibi Vows 'Hand Of Peace' To Arabs
Author: 0 Welcoming Trump, Bibi Vows 'Hand Of Peace' To Arabs

Like Bush after the September 11, 2001, terrorist attacks on the World Trade Center and the Pentagon, Trump made it clear that the United States is not in a religious war. Trump said the U.S. will ensure that its "Saudi friends" get a good deal from "our great American defense companies, the greatest anywhere in the world".

Author: 0 The Australian dollar has dropped after China rating cut

Whether this works may be the most critical aspect of the health of China's economy in the future."It is not going to come as any great news to the world that China has problems with a huge credit boom that, in the end, is probably going to require government intervention to bear some of the costs", Richard Jerram, chief economist at Bank of Singapore, told Bloomberg News.

Money Symantec says 'highly likely' North Korean hacking group behind ransomware attacks (SYMC)
Author: 0 Symantec says 'highly likely' North Korean hacking group behind ransomware attacks (SYMC)

The links to Lazarus are incredibly technical but in the interest of clarity we're going to lay them out here. Chien and his colleagues found the first known case of a WannaCry ransomware attack on a computer in February. Moreover, the internet connection which was used to install the early version of WannaCry on two computers and communication with files that destroyed Sony Pictures Entertainment were same.

Money Karl-Thomas Neumann Sells 46472 Shares of General Motors Company (GM) Stock
Author: 0 Karl-Thomas Neumann Sells 46472 Shares of General Motors Company (GM) Stock

It worsened, as 77 investors sold F shares while 407 reduced holdings. The company shows its Return on Assets (ROA) value of 1.6%. Wall Street analysts have a consensus 2.80 recommendation on the stock. The business also recently announced a quarterly dividend, which will be paid on Friday, June 23rd. Investors sentiment decreased to 0.78 in Q4 2016.

Author: 0 Lodi Memorial Day Parade back after long absence

Lowellville: Annual Memorial Day Mass, St. John the Baptist Cemetery, cemetery hall, Villa Marie Road, 9 a.m. Please note that in case of inclement weather, the exercises will begin at 10 a.m.at Morningside Community School, 100 Burbank St.

Money How Many Walgreens Boots Alliance Inc (NASDAQ:WBA)'s Analysts Are Bullish?
Author: 0 How Many Walgreens Boots Alliance Inc (NASDAQ:WBA)'s Analysts Are Bullish?

Co's holdings in Walgreens Boots Alliance were worth $1,830,000 as of its most recent filing with the SEC. Companies may issue new shares and buy back their own shares. Stockholders of record on Thursday, May 18th will be issued a dividend of $0.375 per share. The ex-dividend date is Tuesday, May 16th. This represents a $1.50 dividend on an annualized basis and a yield of 1.86%.

Money Facebook signs content deals with BuzzFeed, Group Nine and others
Author: 0 Facebook signs content deals with BuzzFeed, Group Nine and others

Facebook has reportedly signed deals for video content with a number of publishers including BuzzFeed , Vox , Discovery's Group Nine Media , ATTN and others. In remarks to investors earlier this month, Facebook CEO Mark Zuckerberg said that the company was looking for "anchor content" that would draw people to the video portion of the platform.

Money Facebook Works To Pop Filter Bubbles
Author: 0 Facebook Works To Pop Filter Bubbles

Facebook tells TechCrunch that the Trending sources carousel isn't personalized to purposefully show you publishers you don't follow or that might have a contrasting view point to what you typically click and share. Facebook is picking the stories by popularity, including article engagement, publisher engagement, and if other articles link back. (The company still appears reluctant to admit any part of it resembles a media company.) So the new update will simply show "some of the most ...

Author: 0 Ford job cuts won't affect Louisville plants

The No. 2 US automaker said it must focus on "becoming as lean and efficient as possible" as it announced job cuts that will affect 1,400 of about 15,000 salaried workers in its North America and Asia divisions and will be completed by October.

Author: 0 Subpoenas pile up for Michael Flynn's documents

Flynn or his businesses". Meanwhile, The New York Times reported that USA intelligence services obtained information during the 2016 presidential election that showed senior Russian officials discussing how to influence Trump through his campaign advisers.

Money Ross and John find out why Topshop has failed in Australia
Author: 0 Ross and John find out why Topshop has failed in Australia

In 2011 the separately owned and operated Australian franchise of the brand launched its first store at a flagship location on Melbourne's Chapel Street. "It will be business as usual as the administrators work closely with Arcadia Group (the United Kingdom owners of the Topshop/Topman brand) on supporting and right-sizing the Australian business to a sustainable platform going forward", said Administrator James Stewart of Ferrier Hodgson .

Author: 0 Trump stresses 'unshakable' bond between U.S. and Israel during Jerusalem speech

I am telling you, that's what I do. "And my meeting with my very good friend Benjamin". Earlier this month, the president told Reuters that he wanted to "see peace with Israel and the Palestinians". Rubio also said that if reports that Trump asked two of the government's top intelligence chiefs to publicly deny evidence of cooperation between his campaign and Russian Federation during the 2016 election are true, that could impact the future relationship between the White House and the ...

Author: 0 Theresa May raises terror threat rating to 'critical'

The raid came as a 23-year-old man was arrested at an addres in nearby Wilbraham Road, Chorlton, where Abedi is also understood to have lived. British police and intelligence agencies arrested three more suspects Wednesday in connection with the Manchester suicide bombing and moved quickly to secure key sites across the country, including Buckingham Palace and the British Parliament at Westminster.

Author: 0 Stock Ballooning Up Pre-Bell: Vince Holding Corp. (NYSE:VNCE)

PiperJaffray upgraded the stock to "Buy" rating in Monday, August 22 report. Piper Jaffray has "Overweight" rating and $8 target. Vince Holding Corp (VNCE ) is expected to post revenue of $59.84 Million in the current quarter, according to consensus of 1 analysts.

Author: 0 U.S. seeks joint effort to ensure Venezuela head ends violence

Venezuelan President Nicolas Maduro has likened the harassment of government officials and their families outside of Venezuela to the treatment of Jews under the Nazis. Speaking before a crowd of supporters, a fired-up Maduro accused Trump of promoting an interventionist policy that infringes on his socialist government's sovereignty.

Author: 0 98 institutional investors are raising stakes in Eldorado Gold Corporation (EGO)

Also, there are 2 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.67 average brokerage recommendation. The firm has "Mkt Perform" rating by Raymond James given on Friday, August 21. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. In the past 5 years, the stock showed growth of -36.98% per annum.

Money Term-sheet for Flipkart's Snapdeal acquisition signed
Author: 0 Term-sheet for Flipkart's Snapdeal acquisition signed

Looks like there's no stopping the potential Snapdeal - Flipkart deal now. This development comes shortly after Kalaari Capital's representative on the Snapdeal Board, i.e. As is widely known, Japanese investor Softbank, the single-largest stakeholder in Snapdeal, has pushed for its sale to rival and market leader Flipkart at a valuation of $1 billion, a huge discount from the peak of $6.5 billion seen as recently as one year ago in February 2016.

Author: 0 Moody's downgrades Chinese credit rating for first time in 30 years

Moody's said Beijing's planned economic reforms would not avert a significant rise in debt: "While ongoing progress on reforms is likely to transform the economy and financial system over time, it is not likely to prevent a further material rise in economy-wide debt, and the consequent increase in contingent liabilities for the government".

Author: 0 Banco Santander-Chile (BSAC) Receiving Very Favorable News Coverage, Report Shows

Let's have a look at some of the important valuation ratios of the Banco Santander Brasil SA (BSBR). FNY Partners Fund LP acquired a new position in Banco Santander-Chile during the first quarter valued at $125,000. Institutional investors now hold around $2.15 billion or 25.8% in BSAC stock. 2 analysts on average are expecting Banco Santander (Brasil) S.A.to report earnings of $0.16 per share for the current quarter.

Money Memorial Day remembers men, women who died serving our country
Author: 0 Memorial Day remembers men, women who died serving our country

He declared, "The 30th of May, 1868, is designated for the goal of strewing with flowers, or otherwise decorating the graves of comrades who died in defense of their country during the late rebellion, and whose bodies now lie in nearly every city, village and hamlet churchyard in the land".

Money BoE: Inflation to hit 2.7% but settle in medium term
Author: 0 BoE: Inflation to hit 2.7% but settle in medium term

The Bank of England ( BoE ) has upgraded its forecast for inflation in 2017 from 2.4% to 2.7%, while it is projecting slightly slower GDP growth of 1.9%. The pound GBPUSD, -0 .1778% was buying $1.2937, little changed from $1.2939 late Wednesday in NY. Their inflation projections outlined in February already look meek, and we believe a 3% annual rise in prices is likely, and could happen before the end of 2017.