Markets

The FOMC meets again in March. The Fed raised interest rates last December, marking only the second increase in the fed funds rate since June 2006. A recent run of strong economic data , including rising retail sales and the biggest monthly gain in consumer prices in almost four years, reaffirmed market expectations that the Fed would likely raise rates again by June at the latest.
  • Peugeot Owner in Talks to Buy General Motors' European Operations

    Markets

    Since then, GM Europe's Opel and Vauxhall subsidiaries have struggled to get close to breaking even, while PSA has seen an impressive turnaround and posted strong profit margins for the past couple of years. While the opportunity is exciting for both companies, General Motors is already feeling some backlash from its unionized employees. In the aftermath of GM's 2009 bankruptcy, there were intense discussions around shedding Opel, but the automaker ultimately made a decision to retain its ...
  • Credit Suisse announces big losses, more job cuts

    Credit Suisse announces big losses, more job cuts

    Markets

    In a research note, JP Morgan analysts Kian Abouhossein and Amit Ranjan said Credit Suisse's restructuring was "finally bearing fruit", adding that the bank was their top European investment bank pick. Credit Suisse shares have risen 3.5 percent since the beginning of the year. Investment bankers in NY and London bore the brunt of some 7,250 jobs eliminated previous year.
  • U.S. stocks end at records as financial shares rally

    U.S. stocks end at records as financial shares rally

    Markets

    Goldman Sachs Group Inc (GS) and J.P. Morgan Chase & Co (JPM) led the gainers, up more than 1%. The Nasdaq Composite is off 0.1% at 5,761.53. Her comments on monetary policy gave few additional hints on the timing of the Fed's next rate increase and how many of them were planned for 2017, as she repeated familiar statements that "monetary policy is not on a preset course".
  • Sears, Kmart dump Trump products from e-stores

    Markets

    Neiman Marcus stopped carrying Ivanka Trump's high-end jewelry last weekend, and T.J. The " Grab Your Wallet " campaign is a grassroots effort to boycott Trump items and the places that sell them. It's been a bumpy week for Trump brands. The President fired off a tweet at Nordstrom on Wednesday, less than a week after reports emerged that the upscale department store was dropping his daughters line of merchandise.
  • Nokia to acquire Comptel for $370 million

    Nokia to acquire Comptel for $370 million

    Markets

    The cash offer, 3.04 euros per share, represents a premium of 29% compared to Comptel's last closing price. Comptel has been a long-time partner of Nokia. Nokia has announced a tender offer of €3.04 per share in cash to buy Comptel as it tries to push its software strategy forward. The Alcatel-Lucent IP networking assets help diversify Nokia's portfolio, which was historically focused on mobile networks.
  • Activision Blizzard Stock Jumps 11% On $1 Billion Buyback Plan

    Markets

    More analysts at Reuters have a buy or better ratings (18) on the Activision Blizzard, Inc . stock than those who have a hold (3) rating while the 12-month target price suggested by the average analysts is $47.94. The company's P/E is 34.8 and Forward P/E ratio is 19.76. Activision Blizzard, Inc . (ATVI) is in MKM Partners's research list so their analyst rating change is noteworthy.
  • ESPN Costs Weigh Down Disney Q1 Revenue

    Markets

    Burbank, California-based Disney's first-quarter profit dropped to $2.48 billion or $1.56 per share from $2.88 billion or $1.74 per share past year. Last year, the company generated nearly $8.4 billion in free cash flows, compared with dividend payments of $2.3 billion.
  • SK Hynix bids for a Toshiba memory business stake

    Markets

    The sources asked not to be identified because they are not authorised to talk to the media. Toshiba's plan to spin-off its semiconductor business has reportedly received considerable interest from SK Hynix and Micron, along with previously rumoured investor Western Digital.
  • Alibaba CEO Jack Ma warns: "If trade stops, war starts"

    Markets

    The CEO of the Alibaba Group , Jack Ma, said this Monday that " if trade stops, war starts ", as he challenged Donald Trump's posture regarding anti-globalization measures. Zhou and her team will support the 1,300 Australian and 400 New Zealand businesses selling on Tmall and Tmall Global, while also working to bring new merchants onto the platforms.
  • World of Warcraft Tokens Can Now Buy Overwatch Loot Boxes

    Markets

    In spite of this, players should not be converting their money into Tokens for the sake of turning them into battle.net currency. Additionally, " World of Warcraft " items that players want to get rid of can be sold for WoW Tokens . You can take that money over to StarCraft 2 , Diablo 3 , Heroes of the Storm , Hearthstone and, yes, Overwatch , and spend it on whatever you please.
  • Apple, Twenty-First Century Fox, US Steel Upgraded

    Markets

    Twenty-First Century Fox shares fell $0.55 (-1.77%) to $30.51 in after-hours trading Monday. Now the stock price is moving -2.17% off from the highest level of twelve months and +38.87% above from twelve months low. The company's 50-day moving average price is $29.74 and its 200-day moving average price is $26.81. This was up from $855 million, or $0.44 per share, in last year's second quarter.
  • GM predicts 'strong year' in 2017 after earnings, margins fall in Q4

    Markets

    Shares of Ford Motor Company ( NYSE:F ) traded down 0.679% during midday trading on Tuesday, hitting $12.435. Spectrum Asset Management Inc. 01/11/2017 - Ford Motor Company had its " rating reiterated by analysts at Goldman Sachs. The price/earnings ratio (P/E) is 16.40 and the forward P/E ratio stands at 9.96. Among specific equities in focus are retailer Michael Kors Holdings Ltd (NYSE:KORS), automaker General Motors Company (NYSE:GM), and biotech stock Teva Pharmaceutical Industries ...
  • Former Planned Parenthood Worker Says Abortions Rewarded with Pizza

    Markets

    Their clinics provide far fewer services than other federally qualified health centers ( Planned Parenthood offers no mammograms, immunizations, or radiological services, for example). Where would you go for help. "So really, don't you think your smartest choice is termination?'" Thayer explained . Bell saw not only women and a trans man in the waiting room, but also families and cis men-proof that Planned Parenthood's help is relevant to all.
  • Israel strikes Gaza following rocket attack

    Israel strikes Gaza following rocket attack

    Markets

    Missiles and rockets are occasionally fired at Israel but are often attributed to other Islamist groups inside empoverished Gaza. Israel targeted a Hamas position in the Gaza strip in reaction to a "projectile" fired from across the border near the ceasefire zone according to the Israeli army.
  • Le Pen vows to pull France out of EU, NATO

    Markets

    Trump — is becoming conscious of what we've been saying for years", she said in a television interview. Ms Le Pen is banking on the same concerns over mass immigration and a desire for freedom, seen in the U.S. While the euro fell on Monday as political risks came to the fore, the currency is still more than 2 percent higher this year. Can the rise of populism in the west win Le Pen the French presidency? One of Fillon's strengths was that he was able to appeal both to traditional ...
  • World's new longest flight takes off from Doha, Qatar

    World's new longest flight takes off from Doha, Qatar

    Markets

    The Boeing 777-200LR is described as being "one of the world's most technologically advanced aircraft" and is built for such long-haul flights with a maximum range of 10,840 miles. Qatar Airways, which inaugurated its first flight between Doha and Auckland, New Zealand today, has broken a flying time record. Qatar Airways does not specify the number of crew, but this kind of flights require four pilots and 15 flight attendants.