Money

Bitcoin slides to below United States dollars 10000

Bitcoin slides to below United States dollars 10000

The downward spiral of most popular digital currency sent investors in desperation to sell their coins, sending the price of ethereum, ripple and others tumbling. Since MoneyGram announced on Weiboo that it will start using Ripple , the coin improved. Going into the New Year, there were calls of Bitcoin hitting $40,000 by the end of the year, while some continued to call the cryptomarket a bubble ready to burst. Read More

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RIL Q3 net rises 25%; Reliance Jio posts profit

RIL Q3 net rises 25%; Reliance Jio posts profit

RIL has already rallied almost 80 percent in the last one year. The industry is now keenly awaiting Airtel and Vodafone-Idea's next move now. Going forward, RIL will not be a laggard and if Nifty hits 11,000, RIL will be at Rs 1000, which could happen in next 3 days or a week, but is definitely on cards. Read More

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HK activist sentenced to 90 days in prison

HK activist sentenced to 90 days in prison

Mr Wong and 19 other demonstrators were found guilty of criminal contempt because they refused to obey a court injunction to leave a protest zone that was blocking a main road in late November 2014. As he was being taken away to jail, Raphael Wong said: "Thank you, your honour, for your ruling". According to Chan, Raphael Wong also said he fully supported the pro-democracy candidates and urged everyone to set up street stations. Read More

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United Kingdom retail sales dip in December

United Kingdom retail sales dip in December

The ONS said 2017 was the weakest year for retail since 2013 but it still recorded year-on-year growth of 1.3% and a rise of 1% over the final quarter of the year. Rhian Murphy, a senior statistician at the ONS, said that the long-term picture for Britain's retail environment was one of "slowing growth, with increased prices squeezing people's spending". Read More

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Mulvaney Requests Zero Funding for CFPB in Q2

Mulvaney Requests Zero Funding for CFPB in Q2

Mulvaney argued that those additional funds that the Fed would have otherwise earmarked for CFPB, could be turned over to the Treasury Department to pay down a tiny amount of the government's debts, the Times report stated. He has already rewritten the agency's mission statement to direct employees to work on deregulating markets, rather than enforcing regulations and crafting strong and balanced new ones to combat predatory business models. Read More

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Uber completes US$9.3B stock sale led by SoftBank

Uber completes US$9.3B stock sale led by SoftBank

It signals a turning point for the expansive if somewhat beleaguered company as its new CEO, Dara Khosrowshahi , moves the organization away from its rough-and-tumble and legally dubious past. Uber will create additional board seats, expanding the total to 17 - significantly larger than most companies. On the other hand, the finalising of this massive deal will see Mr Kalanick's powers reduced. Read More

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OPEC oil output up by 42000 b/d

OPEC oil output up by 42000 b/d

US oil prices are hovering just above $64 a barrel. This year, U.S. crude oil production is seen averaging 10.3 million bpd in 2018, beating a record dating back to 1970. Devising an exit strategy for the Joint Ministerial Monitoring Committee (JMMC) members in the future will not be discussed during Muscat's meeting, as they continue to show full commitment to the agreement, according to Rashidi. Read More

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Facebook agrees to widen probe of Russian interference in Brexit vote

Facebook agrees to widen probe of Russian interference in Brexit vote

Facebook expands its investigation into possible Russian intervention in Brexit referendum after pressure from British authorities, who have been dissatisfied with a previous version of the study. Facebook said the work would take "detailed analysis of historic data by our security experts", but said it was "committed to making all reasonable efforts" to investigate the allegations. Read More

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Phil Murphy Sworn-in as 56th Governor of New Jersey

Phil Murphy Sworn-in as 56th Governor of New Jersey

Chris Christie . "We will have a budget that is balanced fiscally and morally", said Murphy in his inaugural address . Murphy said he would resist every move from Trump and what he called "a misguided Republican Congress". "The concept is a cornerstone of our efforts to build a stronger and fairer economy in New Jersey ". "It is leadership that has made our country a place where immigrants still come in hope of a better future ... Read More

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The Coca-Cola Co (NYSE:KO) Short Interest Update

The Coca-Cola Co (NYSE:KO) Short Interest Update

It has underperformed by 17.65% the S&P500. Stelliam Investment Management Lp decreased Delta Air Lines Inc Del (DAL) stake by 5.71% reported in 2017Q3 SEC filing. Boyd Watterson Asset Ltd Liability Com Oh holds 0.66% of its portfolio in The Coca-Cola Company (NYSE:KO) for 29,485 shares. Berkshire Hathaway Inc owns $18.42 billion in The Coca-Cola Company, which represents roughly 9.36% of the company's market cap and approximately 14.29% of the institutional ownership. Read More

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GE to take $6.2 billion after-tax charge in 4Q

GE to take $6.2 billion after-tax charge in 4Q

About 1.03M shares traded. It has outperformed by 24.97% the S&P500. Rothschild Asset Management Inc increased Portland Gen Elec Co (POR) stake by 7.75% reported in 2017Q3 SEC filing. The insider Flannery John Leonard bought 103,983 shares worth $2.66M. Shares of the Boston-based company (GE) closed down 2.9% at $18.21. Therefore 100% are positive. Read More

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Carillion liquidation puts thousands of jobs at risk

Carillion liquidation puts thousands of jobs at risk

Philip Green, Carillion's chairman, said the decision had been taken despite "huge efforts" to restructure the company and deliver a sustainable future. Hedge funds had been betting against the company as far back as 2015, but that number peaked following the firm's first profit warning a year ago. In the last six months Carillion has issued three profit warnings. Read More

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Macquarie Analysts Give Nike (NKE) a $72.00 Price Target

The institutional investor held 117,061 shares of the consumer non-durables company at the end of 2017Q3, valued at $6.07 million, up from 4,664 at the end of the previous reported quarter. Smithbridge Asset Mgmt De has 37,657 shares. Sumitomo Mitsui Trust has 0.28% invested in NIKE, Inc. Segment Wealth Management Limited Liability Company holds 0.72% of its portfolio in NIKE, Inc. Read More

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Flu season of to record start as hospitals see a widespread outbreak

Flu season of to record start as hospitals see a widespread outbreak

Professor Paul Cosford, Medical Director, Public Health England said: Our data shows that more people are visiting Global Positioning System with flu symptoms and we are seeing more people admitted to hospital with flu. Despite the issues with current influenza vaccines, they are the best tool we have and are important to controlling flu. Sue Johnson, director of nursing at Ave Maria Village, said staff, residents and guests are encouraged to use the hand washing stations around the ... Read More

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Mercedes-AMG CLS 53 Officially Revealed

Mercedes-AMG CLS 53 Officially Revealed

AMG's inline-six is based on the regular Mercedes M256 3.0-liter unit that's in the CLS450 , but it makes 429 hp and 384 lb-ft of torque in the 53-series. That high-zoot electrical system powers a separate electric intake compressor providing nearly no turbo lag, according to Mercedes, supplementing the conventional exhaust-gas turbocharger that's also fitted to the engine. Read More

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Padmaavat: After Rajasthan, Gujarat bans film

Padmaavat: After Rajasthan, Gujarat bans film

Directed and Produced by Sanjay Leela Bhansali , " Padmavat " narrates the story of a queen named Padmavati , whose husband suffers defeat at the hands of a Mughal ruler. "The film should be canned and thrown into the flames of Jauhar". The HC, which was hearing a petition by Bhansali seeking to quash the FIR, posted the matter for January 23. Read More

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Treasury points new tax-withholding information for cuts

Treasury points new tax-withholding information for cuts

Moving at the speed of a midterm election, the Trump Administration yesterday unveiled new withholding tables to be used by employers no later than February 15 2018. The online calculator will not be available until sometime next month. Most people fill out their W-4 form when they're hired at a new job and don't change it unless they get married, have kids, get divorced or experience other life-changing situations. Read More

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Schlumberger (NYSE:SLB) Given a $80.00 Price Target at B. Riley

The Vantage Investment Advisors Llc holds 1,733 shares with $121,000 value, down from 58,054 last quarter. Schlumberger Limited (NYSE: SLB ) now has a "Buy" signals on Composite indicators by TrendSpotter. IAG's profit will be $13.77 million for 48.25 P/E if the $0.03 EPS becomes a reality. The oil and gas company reported $0.42 earnings per share for the quarter, hitting the Thomson Reuters' consensus estimate of $0.42. Read More

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Pakistani military says USA not contemplating unilateral…

Pakistani military says USA not contemplating unilateral…

This gave rise to a growing choir of voices in Pakistan who are urging the government to suspend the US' transit rights through their territory en route to Afghanistan, effectively dealing a major blow to Trump's mini-surge there, while others have said that Islamabad should massively raise its transit fees instead in order to recoup its losses. Read More

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GKN share price skyrockets as group rejects 'opportunistic' Melrose bid

GKN share price skyrockets as group rejects 'opportunistic' Melrose bid

GKN shares surged as much as 28 percent to an all-time high after the Redditch, England-based company, a key supplier to Airbus SE and Boeing Co . The cash portion of the bid would be financed by debt. As of 10:34 GMT, GKN's share price had jumped 26.25 percent to 420.03p. Those calls became louder after a profit warning in October, which was sparked by the difficulties at its aerospace business. Read More

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Sam's Club abruptly closes multiple locations across United States

Sam's Club abruptly closes multiple locations across United States

According to a press release , the retailer will close five of its 19 stores in IL as part of an effort to "better align locations with (the company's) strategy". Sam's Club sales and performance has been steadily declining for the past few years as Walmart's presence in ecommerce has grown. A spokeswoman for Walmart told KTVF in Fairbanks that the approximately 150 employees at the Fairbanks Sam's Club will receive 60 days' pay and may be eligible for severance. Read More

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