Tuesday, 21 May 2019
Latest news
Home » Money


Merck & Company, Inc. (NYSE:MRK) Valuation According To Analysts

Bessemer Group Inc sold 15,873 shares as the company's stock declined 2.46% while stock markets rallied. Jefferies maintained Merck & Co., Inc. Valicenti Advisory Service Inc reported 0.14% in Merck & Co., Inc. Two investment analysts have rated the stock with a sell rating, eight have given a hold rating and twelve have issued a buy rating to the company. (NYSE:MRK) on Monday, July 17 with "Hold" rating. Read More »

KB Home to Cut CEO's Bonus After His Rant Against Kathy Griffin


KB Home disclosed in a regulatory filing that the company cut Mezger's annual bonus by 25% and that he would be fired for any similar incidents in the future. The company also notes that it will fire Mezger if something like this happens again. He now "has the full and complete confidence of the Board", the company said in a securities filing. Read More »

Bill Gates wishes ctrl-alt-del was one button


He asked if Gates regretted the decision. "A lot of machines these days do have that as a more obvious function". When quizzed on the keyboard function during his appearance at the Plaza Hotel in New York, Gates said: "I am not sure you can go back and change the small things in your life without putting the other things at risk". Read More »

Johnson & Johnson (NYSE:JNJ) Touching Most Active List Today


Next year this decline will reach -8.63% to attain $1.8. It has outperformed by 79.72% the S&P500. In addition to Goldman Sachs reporting its stock price target, a total of 18 brokerages have issued a ratings update on the company. Leavell Invest invested in 0.7% or 41,892 shares. Ironwood Counsel Limited Liability Company stated it has 75,317 shares. Investors of record on Tuesday, August 29th were given a $0.84 dividend. Read More »

'Death Wish' Coffee Recalled for Botulism Risk


Death Wish has immediately halted its production of Nitro Cold Brew until a safer method of production is approved. "In short, it looks like our process wasn't flawless and we're excited to revisit it with guidance from some of the most meticulous scientists in the world", wrote Mike Brown, the company's founder and owner. Read More »

The world's richest woman dies


Bettencourt, who lived in Neuilly, a suburb west of Paris, was the only child of L'Oreal SA founder Eugene Schueller, and owned about one-third of the company's shares. Born in 1922 in Paris, she married French politician Andre Bettencourt at the age of 27. Her husband, who died in 2007, had been a member of a French fascist group during the war but sought forgiveness from the Jewish community in its aftermath. Read More »

World Stocks Reach New Peak as Fed-Focused Week Begins


The Fed is also expected to announce its balance sheet reduction plans later today. Moreover, markets will also be looking for any hints regarding the bank's next interest rate increase, with about 60 percent of market participants hoping for a hike by December. Read More »

S&P downgrades China, citing rising debt

China is the world's second-largest economy behind the US, and the S&P downgrade from "AA-" to "A+" is in line with similar downgrades by both Fitch and Moody's earlier this year. But the rating agency says they think that China will maintain stable economic growth over the next two to three years. Helena Huang, China economist at ICBC Standard Bank, said: "Without any near term credit risks amid Beijing's recent regulatory tightening and de-leveraging efforts, the key uncertainty still ... Read More »

USA stocks inch higher after Fed policy decisions

The Fed said it would begin to reduce its approximately $4.2 trillion in holdings of U.S. Treasury bonds and mortgage-backed securities - acquired in the years after the 2008 financial crisis - from October. Market expectations for a December rate hike rose to 58.3 per cent on Tuesday. "Keeping rate hikes where they were was expected". The S&P 500 gained two points, or 0.06%, to 2,508, clocking its sixth record closing high in the last seven sessions. Read More »

United States stocks aim for fresh records as Fed meeting steals focus

Fed officials continue to expect that the US economy will expand at a moderate pace in the future. Stocks survived a mild selloff following today's Fed policy announcement to edge higher, propelling the Dow and S&P to close again at record highs - the ninth straight session of gains for the Dow. Read More »

Dollar climbs, bonds slide as Fed sees 2017 hike


The Fed also chose to begin shrinking its USD4.5 trillion balance sheet starting October, but said the process would be gradual and predictable, initially allowing USD10 billion in bonds to roll off each month. The Nasdaq Composite dropped 5.28 points, or 0.08 per cent, to 6,456.04, with Apple Inc as its biggest drag. MSCI's gauge of stocks across the globe gained 0.14 percent and hit another record high. Read More »

S&P, Dow flat ahead of Fed decision; Apple weighs on Nasdaq

The Fed accumulated most of the balance sheet during three rounds of bond buying aimed at keeping mortgage rates low and goosing economic activity. It is widely expected from the Federal Reserve's sixth meet of this year that it may announce paring its.2 trillion balance sheet. Read More »

Dow, S&P 500 close at new records in NY


Local investors will have to contend with the fall in gold, the lower dollar and another dip in the spot iron ore price to $US71.76 a tonne - down 37 cents according to the Metal Bulletin. The yield fell to 2.016 percent on September 8, the lowest level since November 10. The most-active construction steel futures on the Shanghai Futures Exchange closed 0.5 percent lower at 3,801 yuan ($579.75) a tonne, after touching their lowest in almost four weeks at 3,742 yuan earlier in the day. Read More »

Tesla partners with AMD/GloFo for self driving vehicle AI processor


Global Foundries , which fabricates chips, has a wafer supply agreement in place with AMD . Reportedly, Tesla is working with a semiconductor company to bring about this transition. For Tesla , this is the firs ttime they've opted for a objective built AI processor, which will be using both AMD and Tesla IP. Tesla's aim is to develop a fully-fledged AI chip that is able to take on all driving tasks in order to fuel a fleet of fully self-driving cars, which CEO Elon Musk claimed ... Read More »

AG Hood warns of fake website scams


The victims of this crime are not like victims in past cyberattacks where hackers busted into the data files at retailers like Target or Home Depot and stole customers' credit card numbers. It is a properly registered site; however, scammers are producing hundreds of websites very similar to this link that are not legitimate, with new ones continually popping up. Read More »

US Federal Reserve to start unwinding $4.2tn stimulus from October


That means the OECD is expecting eurozone growth this year to match the USA rate, which it left unchanged. The Fed's policymaking committee approved its action on a 9-0 vote after ending its latest meeting. Inflation has been stubbornly low for years, suggesting the Fed should hold off. Job gains have remained solid in recent months, and the unemployment rate has stayed low. Read More »

Dow, S&P 500, Nasdaq edge up to new record highs


Chairwoman Janet Yellen held a press conference after the end of the meeting, and stated that the recent decrease in inflation was a "mystery" to the Fed's economists. In its policy statement, the Fed cited low unemployment, growth in business investment, and an economic expansion that has been moderate but durable this year as justifying it's decision. Read More »

Equifax team accidentally sent some people to a phishing website


But in tweets replying to people asking for help and more information, it occasionally directed them to "securityequifax2017.com". A phishing website is a website that is created to look visually similar to the website someone is looking for, and is usually meant to steal information. Read More »

Pakistan summons Swiss envoy over anti-Pakistan posters


The law minister said the Swiss government had been asked to be alert about the presence of BLA terrorists or elements linked with such terrorists in Geneva. The chair asked Babar for the copies of the documents after which he placed the matter before the House and sought opinion if it was dealt with by the Committee on Privileges or by the House itself. Read More »

FedEx Corporation (FDX) Releases FY18 Earnings Guidance


The shares were sold at an average price of $216.05, for a total transaction of $1,278,583.90. Among 32 analysts covering FedEx (NYSE: FDX ), 18 have Buy rating, 1 Sell and 13 Hold. The business's quarterly revenue was up 4.1% compared to the same quarter a year ago. Cribstone Capital Management LLC now owns 489 shares of the shipping service provider's stock valued at $107,000 after purchasing an additional 6 shares in the last quarter. Read More »

Traders Sell McDonald's Corporation (MCD) on Strength (MCD)

It also reduced Fedex Corp (NYSE:FDX) stake by 7,652 shares and now owns 38,546 shares. Proficio Capital Partners LLC increased its position in McDonald's Corporation by 0.7% during the 2nd quarter. Argus Research downgraded the shares of MCD in report on Monday, August 15 to "Hold" rating . Nomura initiated McDonald's Corporation (NYSE: MCD ) on Thursday, October 1 with "Neutral" rating. Read More »

1st LD: US Fed announces start of balance sheet reduction from October


This, as the Federal Reserve said for the first time in nine years that it would start cutting its 4-and-a-half trillion dollar asset portfolio starting in October. As well investors are looking to the meeting to provide a stronger guide for the next rate rise - expected by the end of the year. Investors will be closely watching the U.S. Read More »

S&P, Dow open at record highs

The Dow rose 63.01 points or 0.3 percent to 22,331.35, the Nasdaq inched up 6.17 points or 0.1 percent to 6,454.64 and the S&P 500 edged up 3.64 points or 0.2 percent to 2,503.87. Such a move would allow the Fed to effectively raise interest rates without touching its key short-term rate, known as the federal funds rate, said Phil Blancato, CEO of Ladenburg Thalmann Asset Management. Read More »

Commonwealth Bank Sells Life Unit to AIA for A$3.8 Billion


In his new role , Venter will represent wealth management at the group executive committee following Spring's departure, the bank said in a press release. Next on the chopping block for CBA could be Colonial First State Global Asset Management, with the lender undertaking a strategic review of the global asset manager. Read More »

Traders Secrets on GGP Inc. (GGP), Energy Transfer Partners, LP (ETP)

It was reported on Sep, 19 by Barchart.com . ETE has a beta of 1.91 and RSI is 57.04. Among holders that decreased their positions, 62 sold out of the stock AbbVie Inc. Quinn Opportunity Prns Lc invested 0.97% in Energy Transfer Partners LP (NYSE:ETP). Energy Transfer Equity LP now has $19.38B valuation. Manufacturers Life Insurance Communications The owns 0% invested in Energy Transfer Equity LP (NYSE:ETE) for 52,700 shares. Read More »

Obama Slams GOP For Attacking His ObamaCare Legacy


In other areas, however, Obama has expressed more veiled displeasure. The Democrat spoke Wednesday at a summit on global issues hosted by Bill and Melinda Gates. It's the first time the former president has weighed in since Senate Republicans renewed their push to wipe out the Affordable Care Act. And he decried a decision by the Trump administration to withdraw from the Paris climate accord, saying the move was misguided. Read More »

Wall Street's bond gurus have it all wrong as QE unwind looms


USA stocks hit records as well, lifted by industrial and financial stocks. Benchmark 10-year notes fell 11/32 in price to yield 2.29 percent, up from 2.24 percent before the Fed's statement and the highest level since August 8. India's Sensex gained 0.6 percent to 32,472.62. The iPhone maker's shares fell 2.5 percent and was the biggest drag on all three indexes after reports that the company admitted to connectivity issues with its latest smartwatch. Read More »