Economy / 386

Elon Musk is stepping down from the board of Open AI

February 23, 2018

In a blog post , OpenAI announced that the decision had been taken to preempt any conflict of interest as Tesla is becoming more focused on artificial intelligence. The nonprofit is an artificial intelligence research company that aims to keep tabs with AI development, but now it will be doing so with less day to day involvement from Musk himself.

Robinhood Opens Cryptocurrency Trading

February 23, 2018

As Strategic Coin reported , Robinhood first announced the addition of cryptocurrency trading last month , stating that it meant to operate the service on a break-even basis to focus on attracting new users to the platform. Because cryptocurrency trading platforms are now regulated at the state level, Robinhood Crypto will continue to expand into new jurisdictions as the company acquires the requisite money transmitter licenses.

#OurMumuDonDo: Charly Boy Leads Protest to NNPC HQ Over Fuel Scarcity

February 23, 2018

Nigeria's state oil firm said on Tuesday it had spent $5.8 billion on fuel imports since late 2017, as it combats a fuel shortage that has left people queuing for hours at filling stations and hobbled an already-struggling economy. The IPMAN boss urged the government to intervene and check the activities of DAPPMA as they sold above the recommended pump price. He also urged the Department of Petroleum Resources (DPR) to sanction defaulting depot owners who sell petrol above the approved pump ...

Pioneer Natural Resources (PXD) Holdings Reduced by The Manufacturers Life Insurance Company

February 23, 2018

Pioneer Natural Res now has $30.34 billion valuation. The stock decreased 1.97% or $3.52 during the last trading session, reaching $174.73. Pioneer Natural Resources announced that its Board of Directors has approved a share repurchase plan on Tuesday, February 6th that permits the company to repurchase $100.00 million in outstanding shares.

Calithera Biosciences (CALA) Receiving Somewhat Favorable Press Coverage, Report Shows

February 23, 2018

Accern also gave press coverage about the biotechnology company an impact score of 46.7989945767847 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company's share price in the near term. However, its trading capacity stayed around 0.63 million shares in normal days. (NASDAQ:CALA) has "Sell" rating given on Tuesday, October 25 by Citigroup.

Sensex, Nifty open on positive note, Rupee rebounds from 3-month low

February 23, 2018

Yesterday, the rupee had plunged by 28 paise to end at a new three-month low of 65.04 against the United States dollar even as importers actively covered unhedged positions amid fears over Fed rate hike. So far this year, the rupee has fallen 1.9 percent against the USA dollar, while overseas investors have bought $1.1 billion in local equity and $1.8 billion in debt markets.

Morgan Stanley (MS) Position Increased by Global X Management Co. LLC

February 23, 2018

Morgan Stanley had 97 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley (NYSE:MS) now has a Weekly Volatility of 2.12% percent while its Monthly Volatility is at 2.79% percent. One analyst has rated the stock with a sell rating, seven have issued a hold rating, sixteen have assigned a buy rating and one has given a strong buy rating to the stock.

Anbang to be taken over by China regulators for one year

February 23, 2018

Illegal operations at Anbang may "seriously endanger" the company's solvency abilities, prompting the government to take control of the insurer, according to the statement. A 2017 Caixin article also raised questions around Anbang's sources of capital, pointing to the discrepancy between Anbang's registered capital - the largest of any insurer in China - and the company's relatively low ranking in the insurance business.

Stock in Queue: Aegean Marine Petroleum Network (ANW)

February 23, 2018

In related news, major shareholder & Co Towle acquired 49,000 shares of the stock in a transaction dated Tuesday, January 16th. The shares were purchased at an average cost of $4.66 per share, for a total transaction of $228,340.00. Its book value per share for the most recent quarter is $15.64 while its price to book ratio for the same period is 0.18, as for as the company's cash per share for the most recent quarter is $1.8, however its price to cash per share ratio for the same period is ...

Credit Suisse Group Cuts United Therapeutics (UTHR) Price Target to $115.00

February 23, 2018

About 733,626 shares traded or 80.48% up from the average. It has underperformed by 6.92% the S&P500.The move comes after 5 months negative chart setup for the $5.31B company. Investors sentiment decreased to 0.99 in 2017 Q3. It dived, as 31 investors sold UTHR shares while 114 reduced holdings. Jefferies maintained United Therapeutics Corporation (NASDAQ:UTHR) rating on Sunday, August 13.

FDx Advisors Inc. Sells 966 Shares of salesforce.com, inc. (CRM)

February 23, 2018

Mogy Joel R Investment Counsel Inc who had been investing in Salesforce Com Inc for a number of months, seems to be bullish on the $83.48 billion market cap company. (NYSE:CRM). Vanguard Group Inc Inc holds 47.40M shares or 0.21% of its portfolio. Jana Limited Liability Corp holds 936,490 shares. Baystate Wealth Management Ltd Llc stated it has 84 shares or 0% of all its holdings.

Wall Street falls as Fed minutes send bond yields higher

February 23, 2018

European shares dipped. A flurry of corporate results failed to lift sentiment after speculation about USA interest rates soured risk appetite globally. SPLRCM stocks climbed 1.13 percent. Dow futures fell 114 points, or 0.5%, to 24,667, while S&P 500 futures dropped 7.7 points, or 0.3%, to 2,691. The Dow and S&P 500 advanced on Thursday to halt a two-session losing skid, buoyed by gains in industrial and energy shares as US Treasury yields eased, while the Nasdaq lost ground for a third ...

Latvian central bank chief is released on bail

February 23, 2018

State Department. Citing those events, the defence ministry said: "There is a high possibility that this is a wide information operation from outside and its aim is to show Latvia as (an) untrustworthy ally". On Monday, Prime Minister Maris Kucinskis called on the central bank chief to quit. No further details were given but local media linked the arrest to the allegations made by Russian-born and UK-based banker Grigory Guselnikov who is the majority shareholder of "Norvik bank" since 2014.

Berry Global Group Inc (BERY) Shares Bought by Braun Stacey Associates Inc

February 23, 2018

Newbrook Capital Advisors Lp increased Berry Global Group Inc ( BERY ) stake by 6.76% reported in 2017Q3 SEC filing. The stock decreased 0.60% or $0.34 during the last trading session, reaching $56.03. Renaissance Technologies Limited Co reported 1.32 million shares or 0.09% of all its holdings. Aperio Group LLC boosted its holdings in Berry Global Group by 12.9% in the 4th quarter.

Iran becomes latest rogue state to develop its own cryptocurrency

February 23, 2018

He described a meeting during which "digital currencies based on the [blockchain]" were discussed, adding that it was decided "to implement the country's first cloud-based digital currency using the capacity of the country's elite". If executed under the auspices of the Central Bank of Iran , the project would represent the latest effort to create a state-backed digital currency by an institution of that kind.

Analyst Research Roundup: Ciena Corporation (CIEN), T-Mobile US, Inc. (TMUS)

February 23, 2018

Springbok Capital Management Llc bought 24,604 shares as the company's stock declined 10.36% while stock markets rallied. The firm operates through three divisions: Insurance Underwriting, Insurance Services, and Leased Real Estate. The price/earnings ratio (P/E) is 3.33 and the forward P/E ratio stands at 14.17. The Company's products include 6500 Packet-Optical Platform and the 5430 Reconfigurable Switching System, Waveserver stackable interconnect system, CoreDirector Multiservice Optical ...

Diamond Offshore Drilling (DO) Receives Media Sentiment Rating of 0.18

February 23, 2018

Following the sale, the director now owns 1,000 shares of the company's stock, valued at $18,550. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 43.02% since February 20, 2017 and is downtrending. Vanguard Group Inc Inc Inc invested in 0% or 1.56 million shares. Deutsche X (ASHR) was raised too. Skiadas Anthony T had sold 6,967 shares worth $346,957 on Tuesday, February 13.

Wedbush Securities Inc. Acquires 4579 Shares of Ares Capital Co. (ARCC)

February 23, 2018

Petersen Flynn & Dinsmore Inc who had been investing in Ares Cap Corp for a number of months, seems to be bullish on the $6.79B market cap company. In related news, CFO Penelope F. Therefore 71% are positive. Wedbush began coverage on Ares Capital in a research report on Monday, November 27th. BMO Capital Markets maintained Ares Capital Corporation (NASDAQ:ARCC) rating on Wednesday, August 23.

Acadia Healthcare Company, Inc. (ACHC) stock is worth at $36.23

February 23, 2018

Pennant Capital Management Llc who had been investing in Acadia Healthcare Company In for a number of months, seems to be bullish on the $3.18B market cap company. Alliancebernstein Lp reported 703,485 shares or 0.01% of all its holdings. News headlines about Acadia Healthcare (NASDAQ:ACHC) have trended positive recently, according to Accern Sentiment Analysis.

Depomed (DEPO) Receiving Somewhat Positive Media Coverage, Accern Reports

February 23, 2018

The stock increased 5.55% or $0.41 during the last trading session, reaching $7.8. About 1.67M shares traded or 23.28% up from the average. It has underperformed by 63.56% the S&P500. Teachers Retirement Sys Of The State Of Kentucky has invested 0% of its portfolio in Depomed, Inc. (NASDAQ:DEPO). Jpmorgan Chase & Communications owns 34,511 shares for 0% of their portfolio.

Gold swings higher as dollar surrenders early gains

February 23, 2018

Bullard told CNBC on Thursday that central bankers need to be careful not to increase interest rates too quickly this year because that could slow the economy too much. That would mark its seventh weekly advance in eight weeks. The Treasury is expected to crank up its bond issuance in the coming months to meet its budget needs, while investors and traders will likely demand more compensation to buy them, analysts said.

Insider Activity for Investors: Delta Air Lines, Inc. (NYSE:DAL)

February 23, 2018

Advisory Services Network LLC now owns 2,546 shares of the transportation company's stock worth $137,000 after acquiring an additional 75 shares in the last quarter. (NYSE:DAL) on Friday, April 1 to "Hold" rating. Visa Inc. (V) have shown a high EPS growth of 28.80% in the last 5 years and has earnings rose of 12.70% yoy.

Nike Inc (NYSE:NKE) Position Trimmed by Lyell Wealth Management LP

February 23, 2018

Kopp Investment Advisors Llc who had been investing in Oclaro Inc. for a number of months, seems to be less bullish one the $1.16 billion market cap company. RODGERS JOHNATHAN A also sold $855,206 worth of NIKE, Inc. (NYSE:NKE) has "Buy" rating given on Wednesday, June 29 by Stifel Nicolaus. PARKER MARK G sold $8.78 million worth of stock.

UPS and Workhorse to take electric trucks to urban areas

February 23, 2018

That is huge news. It is quite another to approach a prospective customer and say, "My product costs no more than what you are buying now and will save you a ton of money over the long run". UPS on Thursday announced that it will deploy 50 custom-built electric delivery vans in 2019 as the shipping giant aims to reduce its fleet of gasoline-powered vehicles.

River Wealth Advisors LLC Has $681000 Position in Kimberly Clark Corp (KMB)

February 23, 2018

About 792,034 shares traded. Kimberly-Clark Corporation (NYSE: KMB ) current ratio calculated as 0.90, this value is acceptable if it lies in 1.3% to 3%. Virginia-based Davenport And Ltd has invested 0.07% in Kimberly-Clark Corporation (NYSE:KMB). Appleton Prtn Ma holds 0.05% in Kimberly-Clark Corporation (NYSE:KMB) or 2,278 shares.

Truck Drove Around Safety Gates in Virginia Amtrak Crash, Officials Say

February 23, 2018

Christopher Foley, 28, of Louisa, was passenger in the garbage truck. Data from a camera mounted on the front of the chartered Amtrak train showed the gates were down at the crossing at the time of the crash, according to a preliminary NTSB report on the January 31 accident.

BidaskClub Downgrades PDL BioPharma (PDLI) to Strong Sell

February 23, 2018

The stock increased 4.08% or $0.1 during the last trading session, reaching $2.55. The Brown Brothers Harriman & Co holds 17.69M shares with $320.27M value, up from 14.44M last quarter. Suntrust Banks reported 0% stake. (NYSE:WST). Shine Advisory Ser holds 0.01% or 135 shares in its portfolio. 219,860 are owned by Citadel Advisors Ltd Liability.

Shares in Discovery Communications Inc. (DISCK) Purchased by Mraz Amerine & Associates Inc

February 23, 2018

The firm has a market cap of $8,810.00, a P/E ratio of 18.74, a PEG ratio of 1.24 and a beta of 1.59. In related news, insider Bruce Campbell sold 3,047 shares of the business's stock in a transaction dated Wednesday, December 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. Therefore 68% are positive. Discovery Communications had 91 analyst reports since August 3, 2015 according to SRatingsIntel.

Analyst Reviews: Brixmor Property Group Inc. (BRX), BioAmber Inc. (BIOA)

February 23, 2018

It has outperformed by 24.43% the S&P500. It was reported on Feb, 22 by Barchart.com . The firm owned 14,833 shares of the real estate investment trust's stock after buying an additional 8,278 shares during the quarter. BRX's profit will be $155.41 million for 7.69 P/E if the $0.51 EPS becomes a reality. Evercore downgraded Brixmor Property Group Inc. Beck Mack & Oliver Llc who had been investing in Oaktree Cap Group Llc Unit Cl for a number of months, seems to be bullish on the $6.82B ...

Phoenix in talks over $4 billion purchase of Standard Life Aberdeen unit

February 23, 2018

Phoenix, run by Clive Bannister, will pay just over £2bn of the purchase price in cash funded partly through an equity-raising, sources said. The deal will transform it into a competitor to more mainstream insurers. The assets had been managed by Aberdeen for several years. He has also served as chairman of TheCityUK, the lobbying group. The sale to Phoenix, first reported by Bloomberg , may take the pressure off Standard Life Aberdeen's embattled management, who lost their biggest client, ...

Sells 3440 Shares of Cardinal Health Inc (NYSE:CAH)

February 23, 2018

Nuveen Select Tax Free Incm now has $232.98 million valuation. Following the sale, the chief executive officer now owns 63,043 shares of the company's stock, valued at $4,336,097.54. It has a 10.2 P/E ratio. It offers distribution, inventory management, data reporting, new product launch support, and chargeback administration services to pharmaceutical manufacturers; pharmacy and medication therapy management, and patient outcomes services to hospitals, other healthcare providers, and payers; ...

David Jones profit hit by sales slump

February 23, 2018

Woolworths , which sells groceries, food and homeware, said headline earnings per share (HEPS) fell to 206.3 South African cents in the six months to December 24, from 242.6 cents a year earlier, while earnings per share turned into a loss of 505.9 cents on the David Jones impairment.

EPS for Franco-Nevada Corporation (FNV) Expected At $0.36

February 23, 2018

The chart of Franco-Nevada Corporation ( FNV ) shows a double top with $77.91 target or 8.00 % above today's $72.14 share price. Cubist Systematic Strategies LLC now owns 5,816 shares of the basic materials company's stock valued at $420,000 after acquiring an additional 1,724 shares during the last quarter.

Advisory Services Network LLC Increases Holdings in Metlife Inc (MET)

February 23, 2018

Assenagon Asset Management S.A. raised its holdings in Metlife by 112.7% in the 3rd quarter. Tower Research Capital Llc Trc increased Proshares Tr (UPRO) stake by 8,715 shares to 9,418 valued at $1.10 million in 2017Q3. Finally, Sandler O'Neill downgraded shares of Metlife from a "buy" rating to a "hold" rating in a report on Friday, November 10th. Investors sentiment decreased to 0.89 in 2017 Q3.

Analysts See $0.40 EPS for Newmont Mining Corporation (NEM)

February 23, 2018

Mizuho maintained AAC Holdings, Inc. The stock has "Buy" rating by Argus Research on Thursday, July 27. Mizuho downgraded AAC Holdings, Inc. (NYSE:TPX) on Wednesday, April 19 to "Strong Buy" rating. Its up 0.47, from 0.93 in 2017Q2. Tiedemann Wealth Management LLC boosted its holdings in shares of Newmont Mining by 66.5% in the third quarter. Other hedge funds have also recently added to or reduced their stakes in the company.

Arizona high school student arrested after gun found in vehicle at school

February 23, 2018

The teacher "nervously laughed, and disregarded the information that was given to her". Responding officers arrested the student at his home for investigation of harassment. A student, 15, was arrested on disorderly conduct charges after the second threat in as many days at Hartford Union High School. The 15-year-old student told the group he believed what happened to the 14-year-old was a "joke", and then said something to the effect of "I do what I want to do", before stating they wanted ...

Amgen, Inc. (AMGN) Position Increased by City Holding Co

February 23, 2018

Group 1 Automotive, Inc., through its subsidiaries, operates in the automotive retail industry. Genpact Limited (NYSE:G) has declined 1.49% since February 22, 2017 and is downtrending. (NASDAQ:AMGN). Trust Of Virginia Va has invested 1.75% in Amgen Inc. (NASDAQ:AMGN). 28,160 are held by Natl Bank. Globeflex L P reported 0.46% of its portfolio in Group 1 Automotive, Inc.

IBERIABANK (IBKC) Lowered to "Hold" at BidaskClub

February 23, 2018

It has outperformed by 14.42% the S&P500. SunTrust maintained the shares of IBKC in report on Thursday, October 5 with "Hold" rating. Therefore 22% are positive. The stock has "Buy" rating by SunTrust on Wednesday, December 20. The rating was maintained by RBC Capital Markets on Friday, June 17 with "Outperform".

American Express (AXP) Position Trimmed by OppenheimerFunds Inc

February 23, 2018

Insiders sold 318,254 shares of company stock valued at $31,059,302 over the last 90 days. Synchrony Financial (NYSE:SYF) has declined 10.35% since February 22, 2017 and is downtrending. In other American Express news, CEO Kenneth I. Chenault sold 96,440 shares of the firm's stock in a transaction that occurred on Thursday, December 14th.

(NYSE:UTX) Shares Bought by Cambria Investment Management LP

February 23, 2018

It closed at $59.95 lastly. It is down 0.00% since February 21, 2017 and is. It has underperformed by 33.62% the S&P500. Southeastern Asset Management Inc decreased United Technologies Corporatio ( UTX ) stake by 6.5% reported in 2017Q3 SEC filing.

The IDEXX Laboratories, Inc. (IDXX) Director Purchases $178050.00 in Stock

February 23, 2018

F M C Corp now has $11.03B valuation. The stock increased 1.52% or $22.37 during the last trading session, reaching $1490.72. About 316,300 shares traded. Among 11 analysts covering IDEXX Laboratories (NASDAQ:IDXX), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 60% are positive. (NASDAQ:IDXX) earned "Buy" rating by Stifel Nicolaus on Monday, August 21.

ING Groep NV Takes Position in First Solar, Inc. (FSLR)

February 23, 2018

The stock increased 1.11% or $0.73 during the last trading session, reaching $66.58. That's up from a prior estimate of $1.25 to $1.75, and in-line with Wall Street's outlook of $1.50 per share. with MarketBeat.com's FREE daily email newsletter . For the quarter ending Jun-18, 11 analysts have a mean sales target of 538.05 million whilst for the year ending Dec-18, 16 analysts have a mean target of 2,440.46 million.

JM Smucker Co Announces Quarterly Dividend of $0.78 (SJM)

February 23, 2018

The stock increased 0.56% or $0.68 during the last trading session, reaching $121.5. About 4.36M shares traded. The J.M. Smucker Company is a manufacturer and marketer of branded food and beverage products and pet food and pet snacks in North America.

PulteGroup (NYSE:PHM) Lifted to "Buy" at Credit Suisse Group

February 23, 2018

This represents a $0.36 annualized dividend and a yield of 1.23%. About 47,541 shares traded or 122.26% up from the average. It has outperformed by 16.24% the S&P500. Grantham Mayo Van Otterloo Comm Lc owns 0.03% invested in PulteGroup, Inc. According to their observations and findings, the stock could provide a high EPS of $0.5/share and a low EPS of $0.34/share.

Shares in Applied Materials, Inc. (AMAT) Acquired by Fagan Associates Inc

February 23, 2018

The stock decreased 0.34% or $0.03 during the last trading session, reaching $8.86. About 29,185 shares traded. Kirkland's, Inc. (NASDAQ:KIRK) has declined 27.18% since February 22, 2017 and is downtrending. Nuveen Asset Limited Liability has 188,875 shares for 0.06% of their portfolio. Canada Pension Plan Investment Board has invested 0.24% in Applied Materials , Inc.

Elite Wealth Management Inc. Takes $687000 Position in FedEx Co. (FDX)

February 23, 2018

Sirios Capital Management L P now owns 589,149 shares of the shipping service provider's stock valued at $132,901,000 after buying an additional 64,637 shares during the period. 23 funds opened positions while 52 raised stakes. EDIT's SI was 6.02M shares in February as released by FINRA. Moreover, Evermay Wealth Mngmt has 0.14% invested in FedEx Corporation (NYSE:FDX) for 1,395 shares.

SAGE Therapeutics (SAGE) Issues Quarterly Earnings Results

February 23, 2018

About 526,924 shares traded. (NASDAQ: SAGE ) to report earnings on Feb, 22 for the fiscal quarter ending Dec 2017. It has outperformed by 76.72% the S&P500. After having $-1.97 EPS previously, Sage Therapeutics , Inc.'s analysts see 3.55 % EPS growth. Regions Corporation has invested 0.01% in MasTec, Inc.

TESARO Inc (TSRO) Given Average Recommendation of "Hold" by Brokerages

February 23, 2018

Tobam who had been investing in Tesaro Inc for a number of months, seems to be bullish on the $3.36B market cap company. The company had a trading volume of 809,679 shares, compared to its average volume of 1,193,093. Qs Invsts Limited Liability reported 1,206 shares or 0% of all its holdings. Jacobs Levy Equity Management Incorporated invested in 435,220 shares. Nomura accumulated 5,127 shares.

Active Volume Stock: NXP Semiconductors NV (NASDAQ:NXPI)

February 23, 2018

Ledyard National Bank who had been investing in Amazon Com Inc for a number of months, seems to be less bullish one the $719.87 billion market cap company. The stock of NXP Semiconductors N.V. (NASDAQ:NXPI) has "Buy" rating given on Wednesday, July 20 by Summit Redstone Partners. Robert W. Baird initiated NXP Semiconductors N.V.

Vonage Holdings Corp. (VG) stock recent close stands at $11.47

February 23, 2018

The formula for calculating the price-earnings ratio for any stock is simple: the market value per share divided by the earnings per share (EPS). Since September 19, 2017, it had 0 insider buys, and 4 insider sales for $17.39 million activity.

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