Money

Dow tumbles 362 points as health care stocks drag on Wall Street

Dow tumbles 362 points as health care stocks drag on Wall Street

Health care was the worst-performing sector in the S&P, a selloff driven by news that JPMorgan Chase (NYSE:JPM), Berkshire Hathaway (NYSE:BRKA) and Amazon.com ( NASDAQ :AMZN) are teaming up to address rising medical costs for employees. Meanwhile, the Federal Reserve kicked off its latest two-day monetary policy meeting on Tuesday. The Fed has signalled it expects to raise its key short-term interest rate three times this year. Read More

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Quiksilver CEO Pierre Agnes Lost At Sea

Quiksilver CEO Pierre Agnes Lost At Sea

Mr Agnès was described by friends as a "seasoned sailor, fisherman and sportsman". Two boats and three helicopters have been deployed for the search efforts. The company filed for Chapter 11 bankruptcy protection months after Agnes took the helm, emerging in 2016. Quicksilver recently changed its name to Boardriders, regrouping its other brands including surf and snowboard women's brand Roxy and skateboard footwear brand DC Shoes. Read More

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Canadian dollar falls from 4-month high after Trump boosts USA dollar

Canadian dollar falls from 4-month high after Trump boosts USA dollar

President Donald Trump waded into the unusual public debate over currency valuations, roiling markets after he said that he favored a strong greenback just a day after his Treasury secretary endorsed a weak dollar . Economist Lawrence Summers wrote an op-ed in the Washington Post , saying Mnuchin " fails on style and substance ". In April of a year ago, the president said that the currency (dollar) was "getting too strong" in an interview with the Wall Street Journal . Read More

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Trump team considers nationalizing 5G network

Trump team considers nationalizing 5G network

The Trump administration has taken a harder line on policies initiated by predecessor Barack Obama on issues ranging from Beijing's role in restraining North Korea to Chinese efforts to acquire U.S. Earlier this year, USA lawmakers urged AT&T to cut commercial ties with Huawei. Reuters reported that a senior administration official on Sunday said that the government wants to build a secure 5G network and it'll have to work with the industry to figure out the best way to do it. Read More

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German carmakers take another hit with diesel testing on humans

German carmakers take another hit with diesel testing on humans

The European Research Group on Environment and Health in the Transport Sector - a body funded by BMW , Daimler and Volkswagen - is at the centre of the allegations, the MailOnline reported. The human experiments appear to have been conducted between 2012 and 2015 and there were no reports of subsequent injuries related to them. Before the Nazis killed millions of European Jews, Sinti and Roma, and homosexuals in concentration camp gas chambers with Zyklon B, they murdered many ... Read More

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Elon Musk Releases The Boring Company Flamethrower He Promised

Elon Musk Releases The Boring Company Flamethrower He Promised

Basically, the company is digging tunnels beneath cities for travel in electric pods and/or on electric vehicle sleds. The idea seemed so silly then that many members of the online community dismissed Musk's statement as a joke. However, to embrace the fire power that could be quite useful in case of a zombie apocalypse they will have to wait until spring. Later, the Boring Company founder qualified claims, tweeting "The rumor that I'm secretly creating a zombie apocalypse to generate ... Read More

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European Central Bank monetary stimulus still needed to push up inflation -Draghi

European Central Bank monetary stimulus still needed to push up inflation -Draghi

The currency hit the $1.25 level against the USA dollar around 2:00 p.m. London time and was on track for its biggest weekly rise since May of previous year. And the European Central Bank maintained that rates will remain at the present level well beyond the horizon of the net asset purchases. This was not enough dovishness for the traders and they began to push the euro higher as it rocketed through the 1.25 region and it seemed that it would only be a matter of time before it went ... Read More

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Google, Facebook are bad for democracy: George Soros

Google, Facebook are bad for democracy: George Soros

Soros, who been a core donor to the Democrats, also laid in to the Republican President Trump, calling him a "temporary phenomenon" who will be gone by 2020. "Not only the survival of open society, but the survival of our entire civilisation is at stake". Soros, a great supporter of economic liberalism, became known in the world of politics by supporting anti-communist movements in the former Soviet republics. Read More

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S&P, Dow hit records on upbeat Intel, AbbVie earnings

The three equity gauges are up between 6.1% and 7.4% so far in 2018, adding to last year's sizable gains as investors cheer the expanding US economy and growth in corporate profits. Its bottom line was hurt by rising commodity costs and unfavourable currency exchange rates, and Ford said it expected more pain to come from higher raw material prices in 2018. Read More

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What Really Matters? - Wal-Mart Stores, Inc. (WMT), Antero Resources Corporation (AR)?

What Really Matters? - Wal-Mart Stores, Inc. (WMT), Antero Resources Corporation (AR)?

The stock increased 0.43% or $0.45 during the last trading session, reaching $105.9. About 2.66 million shares traded. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 25, 2017 and is uptrending. (NYSE:TSS) on Monday, December 18 with "Buy" rating. Over the past three months, Target Corporation insiders have been net buyers, dumping a net of -17,086 shares. Read More

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Justice Chelameswar refuses to comment on SC crises

Justice Chelameswar refuses to comment on SC crises

It is essential to have an impartial and independent judiciary for the survival of a liberal democracy, Justice Jasti Chelameswar said. Justice J Chelameswar, one of the four senior-most judges of the Supreme Court who had hurled accusations at Chief Justice Dipak Misra at a recent unprecedented press conference, refused to comment on the judicial crisis looming for over a week. Read More

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Asia stocks rise as United States government shutdown ends, dollar-yen inches down

Asia stocks rise as United States government shutdown ends, dollar-yen inches down

Under its negative-rate policy, the central bank charges fees on some portions of deposits made by commercial banks, which would normally receive interest on the money. The euro has rallied this year, boosted by growing optimism that a strengthening economy would prompt the European Central Bank to signal a quicker exit from its years of efforts to stimulate the economy than previously forecast. Read More

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Oil rallies as U.S. inventories fall again

Oil rallies as U.S. inventories fall again

Analysts surveyed by S&P Global Platts had forecast a decrease of 1.6 million barrels, while the American Petroleum Institute on Tuesday reported a rise of 4.8 million barrels. Analysts had expected a smaller 2.486-million-barrel build. USA crude oil inventories continue to hold in the middle of the average range for this time of year. Read More

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Johnson & Johnson Stock Dips Despite Q4 Earnings Beat

Johnson & Johnson Stock Dips Despite Q4 Earnings Beat

The stock decreased 3.60% or $5.335 during the last trading session, reaching $142.805. About 8,235 shares traded. (NYSE:SAM) has declined 3.11% since January 23, 2017 and is downtrending. The firm has "Hold" rating given on Wednesday, October 14 by Deutsche Bank. Johnson & Johnson has a consensus rating of "Hold" and a consensus price target of $145.94. Read More

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Alleged drunk driver to cops: Hey, my Tesla was on autopilot

Alleged drunk driver to cops: Hey, my Tesla was on autopilot

Whose fault? Tesla crashes into fire truck, driver blames autopilot (PHOTOS) A Tesla Model S has rear-ended a fire truck parked on a freeway in the US. The fatal incident raised questions about the safety of systems that can perform driving tasks for extended stretches of time with little or no human intervention, but which cannot completely replace human drivers. Read More

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Cartier owner Richemont makes an offer for Yoox Net-a-Porter

A Yoox Net-a-Porter acquisition would go a long way to achieving its goal in the online world. Richemont shares, meanwhile, were 1.22% lower at CHF89.00. Federico Marchetti, Yoox Net-a-Porter's chief executive, would stay in post. The offer aims at obtaining the delisting of the Issuer's ordinary shares from the Stock Exchange Market managed and organised by Borsa Italiana. Read More

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Mobile Network Is America's Fastest

Mobile Network Is America's Fastest

OpenSignal today shared its State of Mobile Networks: USA report, which examined the networks of AT&T , Sprint , T-Mobile, and Verizon from October 1, 2017 through December 30, 2017. This reduces the traffic on the network and helps boost speeds for other customers who rely exclusively on their 4G connection to make calls and use data for applications. Read More

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IMF Outlook Canada forecast revised

IMF Outlook Canada forecast revised

Global growth forecasts for 2018 and 2019 have been revised upward by 0.2 percentage point to 3.9 percent. The IMF expects the US growth to accelerate to 2.7 percent this year, from 2.3 percent in 2017, citing increased investment as businesses take advantage of lower corporate tax rates. Read More

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West Ham boss David Moyes shares what is really worrying him

West Ham boss David Moyes shares what is really worrying him

Hernadez is best known for his time with United, but he also spent a season on loan at La Liga giants Real Madrid while with the Red Devils and has been a regular source of goals wherever he has been. "Junior's pass for our goal was sublime". West Ham's response, however, was nearly instant, substitute Javier Hernandez levelling from close range to ensure the continuation of a steady revival under manager David Moyes . Read More

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Government creates Carillion task force

Government creates Carillion task force

The company employs around 20,000 workers but has been struggling under £900 million in debt and a £590 million pension deficit. Trade body Build UK estimates that between 25,000 and 30,000 businesses are owed money by Carillion. Mr Clark would not confirm the number of affected businesses. The Insolvency Service also confirmed that work has paused on construction sites, pending decisions as to how and if they will be restarted. Read More

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Senator Menendez Will Face Retrial on Bribery Charges

Senator Menendez Will Face Retrial on Bribery Charges

Salomon Melgen and requested that the court set the case for retrial at the earliest possible date", Department of Justice spokesperson Wyn Hornbuckle said in a statement. After U.S. District Court Judge William Walls declared a mistrial in late November, juror Ed Norris said the panel was split 10-2 in favor of acquittal. Read More

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Serial stowaway Marilyn Hartman flies to London, sent back and arrested

Serial stowaway Marilyn Hartman flies to London, sent back and arrested

She then boarded a flight to the United Kingdom and was detained by British Customs Officials at Heathrow International Airport in London on January 15, police said. "During the initial investigation it was determined that the passenger was screened at the security checkpoint before boarding a flight". Hartman spent a year in Cook County Jail after repeated episodes of attempting to board aircraft at O'Hare and Midway airports. Read More

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Argentina Index MSCI Ishares (AGT): Tracing the Technical Indicators For the Shares

Many traders will use moving averages for different periods of time in conjunction with other indicators to help gauge future stock price action. Moving averages can be very useful for identifying peaks and troughs. Welles Wilder which was introduced in his 1978 book "New Concepts in Technical Trading Systems". In general, if the reading goes above -20, the stock may be considered to be overbought. Read More

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Brexit: EU chief suggests United Kingdom should rejoin EU using Article 49

Brexit: EU chief suggests United Kingdom should rejoin EU using Article 49

Other ministers, including Health Secretary Jeremy Hunt and Treasury Minister Liz Truss have said they would change their vote and back Brexit if the referendum was held today. Mr Wilson, who is the DUP's Brexit spokesman, made his remarks when commenting on the Taoiseach's speech to the European Parliament . Mrs May also revealed that she travel to the Munich Security Conference in February, where she said Britain would reaffirm their commitment to "European defence and security". Read More

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TT Electronics plc's (LON:TTG) "Buy" Rating Reiterate at the Peel Hunt

The companyÂ's product candidates include Remodulin, a continuously-infused formulation of the prostacyclin analogue treprostinil for subcutaneous and intravenous administration to diminish symptoms associated with exercise in pulmonary arterial hypertension patients; Tyvaso, an inhaled formulation of treprostinil to enhace the exercise ability in PAH patients; Orenitram, a tablet dosage form of treprostinil to enhance the exercise capacity in PAH patients; and Adcirca, a once-daily PDE-5 ... Read More

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Amazon increases its monthly Prime membership rate to $12.99

Amazon increases its monthly Prime membership rate to $12.99

Prime subscribers get free two-day delivery for Amazon.com purchases, plus access to a media library including original Amazon programming, movies and television shows, streaming music and a selection of Kindle books. The monthly fee for college students with rise to $6.49 U.S. a month, up from $5.49 United States now. Amazon launched the discounted Prime membership a year ago for people who have a valid Electronic Benefits Transfer card. Read More

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