Economy / 1052

China stands pat on rates this time despite Fed hike

June 15, 2017

The Fed raised the short-term rate it controls to a range of 1 percent to 1.25 percent, the second hike this year and the third in six months. Fed said the labour market has gained strength since its May meeting and that economic activity has been rising moderately so far this year.

Sentiment Report: Holly Energy Partners LP (NYSE:HEP)

June 15, 2017

The Susquehanna International Group Llp holds 80,000 shares with $1.68 million value, down from 218,600 last quarter. Holly Energy Partners LP now has $2.05B valuation. Hightower Advsrs Limited holds 264,327 shares. Highland Cap Mngmt Ltd Partnership stated it has 132,412 shares. Raymond James And Assoc reported 26,889 shares.

Wall Street flat as banks fall after weak data; Fed eyed

June 15, 2017

Energy shares, which have risen in the past three sessions, were off 0.74 percent. The U.S. central bank cited continued U.S. economic growth and job market strength, proceeding with its first tightening cycle in more than a decade. Financials gained 0.4 per cent on Tuesday, while energy gained 0.7 per cent. Materials were the top gaining sector, rising 1.3 per cent. US data showed an unexpectedly large weekly build in USA gasoline inventories and International Energy Agency (IEA) data ...

Uber weighs leave of absence for CEO

June 15, 2017

Michael disclosed this move in an email to employees today and said that David Richter, vice president of strategic initiatives, will be taking over his place. NY general manager, Josh Mohrer, and the head of Uber's self-driving unit, have also resigned . He lost his temper earlier this year in an argument with an Uber driver who was complaining about pay, and his comments laced with swearing were caught on video .

Van Cleef Asset Management Inc Buys 3767 Shares of Schlumberger NV (SLB)

June 15, 2017

About 4.05 million shares traded. At the end of March 2017 reporting period, 808 institutional holders increased their position in Schlumberger Limited (NYSE: SLB ) by some 55,283,073 shares, 772 decreased positions by 50,460,126 and 181 held positions by 1,015,847,793.

Congressman Steve Scalise, four others shot at Alexandria, Virginia, baseball field

June 15, 2017

Capitol police and Alexandria police at the scene kept this situation from being much, much worse". The gunman, a 66-year-old IL man, fired repeatedly at the men playing on a baseball field in suburban Alexandria, Virginia, near Washington, D.C.

Trexquant Investment LP Has $196000 Position in Whiting Petroleum Corporation (WLL)

June 15, 2017

Finally, Capital Innovations LLC acquired a new position in shares of Whiting Petroleum Corporation during the first quarter valued at $133,000. Whiting Petroleum Corp. Floating stock is calculated by subtracting closely-held shares and restricted stock from a firm 's total outstanding shares. The stock of Whiting Petroleum Corp (NYSE:WLL) has "Equalweight" rating given on Friday, June 24 by Morgan Stanley.

Oil drops after OPEC-led output cut extension falls below expectations

June 15, 2017

U.S. West Texas Intermediate crude futures were up 38 cents at $48.71 a barrel.They dropped $1.34, or 2.7 percent, in the previous session to settle at $48.32 per barrel, the lowest close since May 12. Russia's most powerful oil boss said the deal between OPEC and its partners to curb output won't stabilize the crude market over the long term as US shale fills the supply shortfall.

Novae Group Plc (NVA) Stock Rating Reaffirmed by Shore Capital

June 15, 2017

The SI to Ricebran Tech's float is 1.23%. This was announced in a analysts note revealed to investors and clients on 8 June. About shares traded. eGain Corp (EGAN) has declined 47.54% since June 9, 2016 and is downtrending. Therefore 27% are positive. Babcock International Group PLC has GBX 1500 highest and GBX 850 lowest target. Deutsche Bank AG restated a hold rating and issued a GBX 315 ($4.05) price objective on shares of Zpg Plc in a research note on Wednesday, February 1st.

Featured Stock for Investors: AK Steel Holding Corporation (AKS)

June 15, 2017

The stock's 50-day moving average is $21.19 and its 200 day moving average is $31.30. Finally, Dimensional Fund Advisors LP boosted its position in shares of United States Steel Corporation by 3.6% in the fourth quarter. If you are viewing this story on another site, it was illegally stolen and republished in violation of global copyright & trademark laws. The correct version of this story can be accessed at ...

Puerto Rico votes in favor of USA statehood

June 15, 2017

Puerto Ricans voted overwhelmingly Sunday to become the 51st USA state, but there is no celebrating yet. Demonstrators in favor of Puerto Rico's independence protest in front of the Federal Court in San Juan, Puerto Rico, 11 June 2017. Each has serious ties to Wall Street, and each makes a handsome living buying low and selling high, especially the bonds of failed or failing states such as Puerto Rico.

Sophos Group (LON:SOPH) Analyst Target Changes

June 15, 2017

Three investment analysts have rated the stock with a sell rating, five have assigned a hold rating and eight have given a buy rating to the company. Therefore 56% are positive. The company has market cap of 42.58 billion GBP. It has a 62.82 P/E ratio. Another trade for 50,000 shares valued at $182,485 was bought by Bakay Berke .

Victory Capital Management Inc. Increases Position in Physicians Realty Trust (DOC)

June 15, 2017

It has outperformed by 10.64% the S&P500. The stock of Digital Realty Trust, Inc. The firm earned "Buy" rating on Thursday, March 9 by Suntrust Robinson. Investors sentiment increased to 1.3 in 2016 Q4. Breaking those down we see that the ratings are as follows: 4 Strong Buy, 1 Rated Buy, 10 Rated Hold and 0 Rated Sell.

Rite Aid Corporation (RAD) Analysts See $-0.01 EPS

June 15, 2017

Schmidt P J Inv Management accumulated 47,457 shares. The stock increased 2.98% or $0.09 during the last trading session, reaching $3.11. Commonwealth Of Pennsylvania School Empls Retrmt has 1.67 million shares for 0.26% of their portfolio.

Investors Real Estate Trust (IRET) EPS Estimated At $0.11

June 15, 2017

Equity research analysts have forecasted the stock level. Keefe, Bruyette & Woods restated their hold rating on shares of Ares Commercial Real Estate Corporation (NYSE: ACRE ) in a research report released on Friday morning. The business also recently announced a quarterly dividend, which will be paid on Monday, July 17th. Investors of record on Friday, September 1st will be given a $0.21 dividend.

Analysts Review: Cisco Systems Inc (CSCO)

June 15, 2017

In other news, insider John T. Chambers sold 295,537 shares of the business's stock in a transaction on Wednesday, May 24th. About 45,844 shares traded. Currently Cisco Systems, Inc . Therefore 61% are positive. Intelsat S.A. had 9 analyst reports since August 4, 2015 according to SRatingsIntel. (NASDAQ:CSCO) were released by: Seekingalpha.com and their article: "Cisco Systems: In The Bin, But No Bargain" published on May 22, 2017 as well as Seekingalpha.com's news article titled: "Cisco: New ...

Oil prices increase amidst production cut, tensions in Middle East

June 15, 2017

The West Texas Intermediate crude contract for July delivery dropped about 1 percent to a session low of $45.20 a barrel, below its close of $45.23 on November 29, the day before OPEC agreed to cut output to support the market. On Wednesday. They closed down 5 percent, or $2.47 a barrel, in the previous session to the lowest settlement since May 4. Furthermore, some remained concerned about Saudi Arabia and other nations from the region cutting ties with OPEC-member Qatar .

Uber CEO Kalanick likely to take leave, exec Michael to leave

June 15, 2017

Uber's board also discussed the possible departure of some of Kalanick's allies like business chief Emil Michael . Uber is also reportedly weighing a leave of absence for Kalanick following the death of his mother in a boating accident last month.

Death toll rises to 12 in London blaze

June 15, 2017

A mother of three trapped inside rang a friend to tell her she feared she was about to die. The blaze early Wednesday in the 24-story building in west London's North Kensington district also injured 74 others, 18 of them critically, and left an unknown number missing.

Brokers Offer Predictions for Barrick Gold Corp's FY2017 Earnings (ABX)

June 15, 2017

The stock decreased 1.24% or $0.27 on June 13, reaching $21.59. 1832 Asset Management L.P. now owns 7,822 shares of the basic materials company's stock worth $139,000 after buying an additional 802 shares in the last quarter. As per Monday , October 3, the company rating was upgraded by Deutsche Bank. Citigroup initiated the stock with "Buy" rating in Tuesday, August 2 report.

Retail Sales Pull Back in May

June 15, 2017

Although much of the decline is related to structural issues, generally subdued retail sales data will increase the risk of further job losses over the next few months. Still, the USA central bank is expected to raise interest rates by 25 basis points later on Wednesday, the second increase this year. Core retail sales are related most closely to the consumer spending component of GDP, and were reported to increase 0.2% in April.

Intercede Group plc (IGP) Stock Rating Reaffirmed by FinnCap

June 15, 2017

It now has negative earnings. (NASDAQ:SCVL). Walleye Trading Limited holds 0% or 500 shares. Endicott Management Co owns 256,915 shares or 3.66% of their U.S. Blackrock Group stated it has 0% of its portfolio in Shoe Carnival, Inc. Blackrock Fund Advsrs invested in 0.01% or 1.11 million shares. 33,000 are held by Connor Clark Lunn Inv Mgmt Limited.

Clifford Burrows Sells 114826 Shares of Starbucks Corporation (SBUX) Stock

June 15, 2017

Singing Machine Company Inc (OTCMKTS:SMDM) has 0.00% since June 14, 2016 and is. However, most financial instruments are traded after hours which mean that the closing price of a stock might not match the after-hours price. If you are accessing this report on another site, it was illegally copied and reposted in violation of United States & global copyright & trademark legislation.

Sensex Edges Higher, Pharma Stocks Gain

June 15, 2017

Meanwhile, the Federal Reserve raised interest rates on Wednesday for the second time in three months and said it would begin cutting its holdings of bonds and other securities this year, signalling its confidence in a growing United States economy and strengthening job market.

Corporate Office Properties Trust (NYSE:OFC) Receives An Update From Brokers

June 15, 2017

Finally, Martingale Asset Management L P raised its position in Medical Properties Trust by 10.3% in the fourth quarter. They set a "neutral" rating and a $20.00 price target on the stock. Stockholders of record on Thursday, June 15th will be paid a dividend of $0.24 per share. As per Friday, June 9, the company rating was maintained by Jefferies.

International Business Machines Corporation (NYSE:IBM) declared EPS

June 15, 2017

Several analysts have released their opinion on International Business Machines Corporation (NYSE: IBM ), with 4 analysts believing it is a strong buy. Its the same as in 2016Q3. It is the same, as 83 investors sold IBM shares while 629 reduced holdings. only 113 funds opened positions while 533 raised stakes.

KFC Launching a Sandwich to Space this Month

June 15, 2017

Rob Lowe has been roped in to play KFC founder Colonel Sanders and launch the chicken sandwich into space. The launch window opens June 21th. KFC is supporting the activation with behind-the-scenes video interviews and images as well as a platform that tracks the eventual flight path.

The AbbVie Inc (ABBV) Upgraded at BidaskClub

June 15, 2017

Autodesk Inc now has $23.74 billion valuation. Volex PLC (LON:VLX) has 0.00% since June 14, 2016 and is. Santa Barbara Asset Management Llc decreased Abbvie Inc ( ABBV ) stake by 2.23% reported in 2016Q4 SEC filing. Blackhill Cap invested in 2.46% or 207,160 shares. One Capital Mgmt Ltd Liability holds 0.06% of its portfolio in AbbVie Inc (NYSE:ABBV) for 3,207 shares.

At least 12 dead, 74 injured in London high-rise fire

June 15, 2017

A 24-story residential tower in West London was being evacuated early Wednesday as enormous flames engulfed the building, police said. The Metropolitan Police said a 43-year-old man was arrested on suspicion of sending malicious communications and obstructing a coroner.

Esure Group PLC's (ESUR) "Sell" Rating Reiterated at Shore Capital

June 15, 2017

Sei Investments Communication has invested 0% in Land Securities Group plc (LON:LAND). The firm has a market capitalization of $40.73 billion, a price-to-earnings ratio of 16.72 and a beta of 1.07. On Friday, February 17 the stock rating was downgraded by CapitalOne to "Equal Weight". The stock of Boohoo.Com PLC (LON:BOO) earned "Buy" rating by Peel Hunt on Wednesday, April 13.

Rex Tillerson calls on Arab nations to ease blockade on Qatar

June 15, 2017

The crisis started Monday when those four countries cut diplomatic ties and closed all land, sea and air borders with Qatar. Tillerson said the blockade was causing "unintended" humanitarian and business consequences and was "hindering USA military actions in the region and the campaign against ISIS ", or the Islamic State terrorist group.

Man United have reportedly agreed a deal with Alvaro Morata

June 15, 2017

The 24-year-old's representative Juanma Lopez said the Spain worldwide is keen to secure regular first-team football after struggling to dislodge Karim Benzema as Zinedine Zidane's first choice striker in Madrid. Morata scored 20 goals in all competitions for Real last season, as the club clinched La Liga and the Champions League . The 24-year-old is believed to be open to a move to the Premier League .

The questions that could determine Sessions' fate

June 15, 2017

He said that he would testify before the Senate Intelligence Committee instead, though it was unclear initially if the hearing would be open or closed to the public. The announcement of his testimony was made without comment from committee officials, who decline to say whether Sessions would be sworn to tell the truth.

Sheriff: Escaped inmates stole another vehicle

June 15, 2017

This photo provided by the Elbert County Sheriff's Office taken on October 13, 2015 shows inmate Ricky Dubose . The family of a Georgia prison guard killed when two inmates escaped their prison bus is anxious about the other law enforcement officers now searching for the fugitives .

Woman accused of leak ordered to remain jailed pending trial

June 15, 2017

Wearing an orange jumpsuit and leg shackles, victor pleaded not guilty in US district court to charges that she illegally retained and transmitted national defense information. In recent months, President Trump has railed against leakers, promising to find them and prosecute them. The Intercept said the NSA report was dated May 5 - the same date court records cited for the documents victor is accused of leaking.

Fed raises rate, plans balance sheet reduction

June 15, 2017

Inflation did rise a bit earlier this year and managed to hit the Fed's goal of 2 percent a year but has since fallen back. The unemployment rate, at 4.3%, is at its lowest level since 2001. "It's going to be the equivalent of about one rate hike a year". In term of the federal funds rate, the FOMC median figures are consistent with three additional rate hikes in both 2018 and 2019.

Invictus RG Acquires Shares of 9584 Eaton Vance Corporation (EV)

June 15, 2017

Quantitative Investment Management LLC's holdings in Eaton Vance Corporation were worth $503,000 as of its most recent SEC filing. A number of other hedge funds also recently made changes to their positions in the stock. If you are viewing this piece of content on another publication, it was illegally stolen and republished in violation of worldwide trademark and copyright legislation.

VA Warns of Surprise Budget Gap, Insists No Delays in Care

June 15, 2017

A single vet with a 60% disability rating can collect up to $2,915 monthly under the program. "For this to happen this late in the game is frustrating to me", he said . The legislation voted on creates a streamlined and efficient process to remove, demote or suspend a VA employee for poor performance or misconduct, while still protecting their due process rights.

FDA Extends Timing for Nutrition Facts Label Changes

June 15, 2017

The Grocery Manufacturers Association said it was pleased with the FDA's delaying the compliance deadline, because the agency has not yet issued final guidance on added sugars and dietary fibers that companies need to make label updates.

Qatar Airways profits $540 million, braces for Gulf crisis

June 15, 2017

The US president was weighing in on an ongoing diplomatic rift between Qatar and Saudi Arabia , Bahrain , the UAE and other Arab countries. Saudi Arabia has closed Qatar's sole land border and joined other countries in cutting off sea traffic, leading panicked residents to stockpile food.

Dollar index hits lowest since Nov

June 15, 2017

The pound has fallen some 11% against the US dollar between May 2016 and last month as investors reacted to Britain's vote to leave the European Union last June and trimmed bets on further rate increases from the BoE as the economy slowed as a result.

California firms up marijuana rules, will allow deliveries

June 15, 2017

The law, written by legalization advocates aiming to tamp down the black market, included a total tax rate of 12 percent. Under the ballot question, it's left to a local referendum by voters to decide if pot shops are allowed within a city or town.

Natural gas built Qatar, now may protect it in Gulf dispute

June 15, 2017

Saudi Arabia , the United Arab Emirates , Egypt and Bahrain accused Qatar of supporting militants, an allegation dismissed by Doha . Still, Jubeir says Saudi Arabia is willing to provide food and medical supplies through the King Salman Center, a Saudi humanitarian agency.

Kids tossed from windows to escape London high-rise blaze

June 15, 2017

Emergency services are continuing a "long and complex operation" in the building, and the "incredibly challenging" task of confirming how many people are missing. A local builder called Alan told LBC radio he had been in the building many times and had noticed the stairwell doors were not properly sealed fire doors.

US Attorney General Jeff Sessions Dodges Donald Trump Questions, Angering Democrats

June 15, 2017

Sessions' testimony came days after fired FBI Director James Comey testified that he believed he was sacked as part of an effort to influence the agencies' investigation into Russia's meddling in the presidential polls. Two months after his recusal, Mr. Sessions signed off on Mr. Comey's firing. "You are impeding this investigation", said New Mexico Sen. Warner asked Sessions if he was evoking executive privilege .

Petroleo Brasileiro SA Petrobras (ADR) (NYSE:PBR), Kroger Co (NYSE:KR)

June 15, 2017

While the stock price moved along with the volume change, shares are touching $3.11. The mean target projections are based on 14 opinions. Credit Suisse Group set a $12.00 target price on Petroleo Brasileiro SA Petrobras and gave the company a "buy" rating in a report on Sunday, May 28th.

Eurozone growth revised up to 2-year high

June 15, 2017

Sterling is set to remain volatile due to Brexit uncertainty. The ECB's bond-buying programme at a rate of €60bn a month is particularly significant in maintaining monetary stability in view of political volatility in Italy, not to mention an ailing banking system overloaded with non-performing loans and regional banks .

USGA pledges no repeat of rules gaffe from last US Open

June 15, 2017

He was forced withdraw from the U.S. Masters in April after injuring his back in fall at his Augusta residence. "It (U.S. Open ) certainly tests the mental game more than any other place in golf ". Forced to miss six events this year after suffering a stress fracture to his ribs in January, McIlroy (right) has been at the rolling Wisconsin venue since Friday bidding to make up for lost time after a month on the sidelines.

Puerto Rico referendum voters back statehood, according to early results

June 15, 2017

An unincorporated United States territory, under American control since 1898, Puerto Rico lacks sovereign powers - an urgent problem at a time when it faces a public debt of $73 billion and its economy has dragged through a century of stagnation.

US House passes bill to roll back finance regulations

June 15, 2017

It would no longer be able to write major rules regulating consumer financial companies, such as debt collectors, without getting approval from Congress. It was meant to rein in the big banks , which many feared had grown out of control. Hensarling, the Financial Services Committee chairman since 2013, has been the lead architect of the GOP's efforts to strip Dodd-Frank regulations.

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