Economy

Economy Stocks gain as bank earnings boost confidence
Author: 0 Stocks gain as bank earnings boost confidence

On seventh day of the earnings report price change of the stock was 0.41%. However, total revenue at $21.582 billion was almost flat year-over-year compared to $21.586. Wells Fargo & Company has been the topic of 56 analyst reports since July 29, 2015 according to StockzIntelligence Inc. I have no business relationship with any company whose stock is mentioned in this article.

Economy Trump Responds To Fiat Chrysler Announcing $1 Billion Investment In US
Author: 0 Trump Responds To Fiat Chrysler Announcing $1 Billion Investment In US

Fiat Chrysler said it would retool factories in OH and MI to build new Jeep sport utility vehicles, including a pickup truck. FCA US said the announcement is the second phase of an industrialization plan announced last January, which called for the realignment of USA manufacturing operations in response to shifting demands for trucks and SUVs.

Author: 0 Alibaba founder Jack Ma meets with Trump

Trump's incoming press secretary said the tycoons would discuss "how Alibaba can create 1 million U.S.jobs by enabling 1 million USA small businesses to sell goods into the China and the Asian marketplace". However, details of the Alibaba plan remain vague. He has also been critical of China's trade practices, but according to Ma, the two discussed strengthening US-China relations.

Author: 0 'Petrol pumps to accept card payment till Friday'

The President of All India Petroleum Dealers Association , Ajay Bansal, in a statement said, "In view of the debit of MDR of 1% it has been chose to stop accepting payment through Credit/Debit Cards from 9th January 2017". However, officials have negotiated with them and convinced banks to postpone levying the transaction fee to January 13. This announcement will certainly get many anxious as the country has been going through a cash crunch recently and disallowing the usage of credit or ...

Economy Theranos slashes its workforce, again - 155 people just got a pink slip
Author: 0 Theranos slashes its workforce, again - 155 people just got a pink slip

Only two years ago, Theranos was valued at $9 billion, based on founder Elizabeth Holmes' claims that her technology named Edison could perform multiple lab tests inexpensively using just a drop of blood. Holmes unveiled the blood-testing technology at a packed scientific conference session in the summer. Test results using the company's Edison machine were found to be inaccurate by regulators from the Centers for Medicare and Medicaid Services, forcing Theranos to shut down its California ...

Economy Stocks in the News Macy's Inc (NYSE:M), CBS Corporation (NYSE
Author: 0 Stocks in the News Macy's Inc (NYSE:M), CBS Corporation (NYSE

Zacks Investment Research upgraded shares of Kohl's Corp. from a sell rating to a hold rating in a report on Friday. KSS's profit will be $299.70 million for 6.67 P/E if the $1.63 EPS becomes a reality. This year company's Earnings per Share (EPS) growth is -4.20% and next year's estimated EPS growth is 6.89%. Shares of Macy's collapsed 14% on the stock market today, and Kohl's plunged 18%.

Author: 0 Kim Kardashian's First Selfie Of 2017 Features A New Piercing

Kim also sported the rocky piercing (which is not real, people ) at Kris's Christmas Eve party, where she wore a silky gold custom made Alexander Wang dress and a choker to go with it. "It was time for Kim to get back on social media and back to work", a source said. "Kim and Kanye visited Donda's grave this week", a source told Entertainment Tonight .

Economy Apple Confirms $1 Billion Investment in SoftBank Technology Fund
Author: 0 Apple Confirms $1 Billion Investment in SoftBank Technology Fund

SoftBank itself will invest $25 billion in the fund over five years, and the Public Investment Fund of the Kingdom of Saudi Arabia will contribute up to $45 billion over the same period. The deal follows Apple's $ 1 billion investment in Chinese ride-hailing company Didi Chuxing, announced in May. "We are excited to work with President-Elect Trump and his Administration to do our part to drive economic growth and create jobs in the USA", said Claure.

Economy State Bank of India cuts interest rate by 0.9%
Author: 0 State Bank of India cuts interest rate by 0.9%

According to sources, the government is nudging state owned banks to cut lending rates as they have garnered huge deposits in the wake of demonetisation. However, borrowers may not get the full benefit of the MCLR cut due to the spread that banks charge on loans. The SBI's sharp cut in the MCLR rate comes a day after Prime Minister Narendra Modi urged banks to pay special attention towards the poor and middle class.

Author: 0 Confirmed: Samsung's upcoming Galaxy A lineup will be water resistant

Owners would also get a $ bill credit and additional $75 if they decide to switch to another Samsung phone. Aside from the Galaxy C7 Pro, Samsung is set to release the new Galaxy C5 Pro. How will Google react to Samsung stepping into the voice assistant mode on an Android device will be an interesting garnish to 2017's Android developments.

Author: 0 ECB Says Monte Dei Paschi Needs EUR 8.8 Bln Bailout

BMPS cited letters from the European Central Bank to the Italian ministry of finance and economy indicating that the results of 2016 stress tests showed the capital needs of BMPS at 8.8 billion euros. The ECB stated that it will cooperate closely with the Italian government in order to save Monte dei Paschi di Siena . "The question is, is the €20bn the full sum or might the Italian government request more at a later stage?" Italy's market watchdog Consob said last week the bank's ...

Author: 0 Kim Kardashian Ditches Wedding Ring, Fueling Kanye West Breakup Rumors

Those rumors gained traction over the Christmas holiday when Kanye was noticeably MIA from photos of Kris Jenner's holiday party , where a solo Kim got into the festive spirit alongside her sisters and friends. Although Kylie Jenner did rock a pretty cool jumpsuit . To end the evening, the entire party reportedly danced and sang to Beyonce's "Love on Top".

Author: 0 PM Modi To Visit Maharashtra Tomorrow For Shivaji Memorial !

He said that businessmen who adopt digital transactions and develop online payment processes in their trade activities would also get income tax rebate. He thanked vigilant citizens for exposing the corrupt by taking high risk. We have retrieved it and turned it into an incisive law. He announced the launch of two short-term schemes which will promote digital banking to make the economy cashless.

Author: 0 Airbus Finalizes $18 Billion Jet Deal With Iran

Iran Air chief has said earlier that the value of the contract would not exceed $10bn. Following its competitor, Airbus Group SE (EPA:AIR) recently signed its deal with IranAir to sell around 100 commercial jets after its biggest rival Boeing Co.

Author: 0 Spike in gas prices ahead of USA holidays

The AAA Daily Fuel Gauge Report said Wednesday that the national average of $2.25 a gallon for regular was 5 cents higher than a week ago, 11 cents higher than a month ago and 25 cents higher than a year ago, when the average had slipped just under $2 to $1.998.

Author: 0 The 5 best reactions to the Browns' first win of the season

San Diego had one more chance to earn the win, but Lambo's possibly game-tying field goal from 45 yards out missed right as time expired, handing Cleveland the win. On the first attempt, Jamie Meder blocked Josh Lambo's 32-yard attempt to preserve the three-point lead. Isaiah Crowell scored 8- and 4-yard rushing touchdowns in the first half and Cody Parkey made a field goal in each half.

Author: 0 The Tesla Motors Inc. (TSLA) Stock Rating Upgrade by the Vetr Inc

Finally, Barclays PLC set a $165.00 target price on Tesla Motors and gave the company a "sell" rating in a research note on Thursday, October 27th. Looking ahead, analysts on average predict that earnings for the current quarter would come in in the range of $-1.04 to $0.41. The Company has gross margin of 23.30% and profit margin was negative -14.70% in trailing twelve months.

Economy Indiana's Electoral College casts all 11 votes for Trump
Author: 0 Indiana's Electoral College casts all 11 votes for Trump

Clinton won the national popular vote, but Trump remains poised to win 306 of the 538 electoral votes under the state-by-state distribution of electors used to choose presidents since 1789. Some state laws punish electors who do not vote for the candidate they are pledged to. One of the biggest concerns among some electors is the role of Russian hackers before the election and the potential impact of revelations from the hacked emails.

Author: 0 Lawsuit accuses Google of illegally curbing employee communication

The company's employee policies break California law on a number of points, according to the lawsuit, including the right to discuss workplace conditions and to notify authorities both internally and externally over possible violations of the law.

Author: 0 Italy's lower house approves €20 billion rescue loan for banks

The bank also announced Wednesday that its €10.6 billion liquidity position, which it previously thought might last until November, will run out in April. The Tuscan lender, Italy's third biggest bank and the world's oldest, had pinned its hopes on Qatar's sovereign wealth fund investing 1 billion euros in its cash call, but that option is no longer on the table, the sources said .

Economy Deposits above Rs 5000 only once till December 30
Author: 0 Deposits above Rs 5000 only once till December 30

As the Reserve Bank of India withdrew its earlier notification on Rs 5000 cash deposit limit for KYC complaint accounts, the Congress on Wednesday criticised the central bank for "changing the norms 126 times", giving it the mocking sobriquet of "Reverse Bank of India".

Economy BP builds gs empire with $916m deal
Author: 0 BP builds gs empire with $916m deal

BP will become operator and acquire a 62 percent working interest in licenses at four deep-water blocks off Mauritania, as well as an effective 32.49 percent interest in permits at two blocks off Senegal, the companies said Monday. The oil giant said it has struck an agreement with Kosmos Energy to explore the Tortue field off the coasts of Mauritania and Senegal. The companies also agreed to cooperate in the exploration of new ventures in offshore Mauritania, Senegal and Gambia with Kosmos ...

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