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Trump economic aide says tax overhaul aimed at middle class

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Trump's tax plan would do a lot to benefit wealthy Americans, who some argue are the biggest winners thanks to reductions in corporate taxes and death taxes, though Cohn said it is "purely aimed at middle-class families". "You can always find a unique family somewhere". Instead, he said, the goal of the plan was to "create a economic stimulus package by using taxes to drive the economy of the United States". Read More »

Quarter Two GDP Rose 3.1%, According to Third Estimate

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Economists are looking ahead to the first estimate of third-quarter GDP, to be released on October 27, for any impact of the Hurricanes that recently slammed the south-east coast of the U.S. Purchaser spending in the second quarter was the quickest in a year. Consumer spending, which represents over two-thirds of the economy in the US, was not revised from its 3.3% rate for the second quarter as a spending increase in services was offset from a revision downward in outlays of durable goods. Read More »

Euro zone bond yields up sharply on U.S. tax plan, data

The euro EUR= hit a six-week low of $1.1717 on Wednesday as the dollar broadly gained, and last traded at $1.1722, having shed 1.9 percent so far this week. There was also data in play. The euro also rebounded in late European trade, after having touched a low of almost six weeks against the dollar following a rally in the greenback on comments Tuesday by Federal Reserve boss Janet Yellen that the central bank would press on with its plan to raise borrowing costs, saying the United States ... Read More »

FTSE 100 Edges Higher As Pound Slides

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The benchmark FTSE 100 was up 8 points or 0.11 percent at 7,294 in late opening deals after declining 0.2 percent the previous day. At home, the Footsie gave up 15.55 points to end the session 0.21 percent lower at 7,285.74, pressured by the renewed tensions between the USA and North Korea. Read More »

Dissecting the Insider Trading Patterns of The Walt Disney Company (DIS)

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About 415,555 shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since September 27, 2016 and is downtrending. It has outperformed by 75.18% the S&P500. California-based First Foundation Advisors has invested 1.08% in Walt Disney Co (NYSE: DIS ). Lafleur Godfrey reported 32,070 shares. Clark Cap Mngmt Grp Inc Inc owns 4,084 shares. Read More »

Global stocks mostly fall on German election, North Korea worries

Foreign Minister Ri Yong-ho of North Korea shot back, saying "The whole world should clearly remember it was the USA who first declared war on our country", adding "Since the United States declared war on our country, we will have every right to make countermeasures, including the right to shoot down United States strategic bombers even when they are not inside the airspace border of our country". Read More »

Conagra Brands Inc (CAG): What Does The Future Look Like?

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Alliancebernstein L.P. grew its position in shares of ConAgra Foods by 380.8% during the first quarter. The stock decreased 0.33% or $0.11 during the last trading session, reaching $33.36. The firm also recently announced a quarterly dividend, which will be paid on Thursday, November 30th. Shareholders of record on Friday, October 13th will be given a $0.2125 dividend. Read More »

Rite Aid Misses Q2 Revenue Forecast As Comp Sales Drop

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State Street Corp increased its stake in shares of Rite Aid by 0.9% in the fourth quarter. Institutional investors and hedge funds own 52.62% of the company's stock. Retail Bank Of America Corp De has invested 0% in Rite Aid Corporation (NYSE:RAD). Annual Sales Growth in the past 5 years was 4.7 percent. The first line is called the %K line, which analyzes the actual price movements in the shares and can be defined as: %K = (Current Close - Lowest Low)/(Highest High - Lowest Low) * 100. Read More »

Roku's IPO values company at $1.3B

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This places a value on Roku of $1.3 billion. Anthony Wood, who is credited with inventing the DVR, has steered Roku as CEO since its founding in 2002, resisting takeover overtures as it grew into a major force in streaming video. According to Statista , Roku's USA penetration rate is 16 percent of households, better than Fire TV (14 percent), Chromecast (8 percent) and Apple TV (6 percent). Read More »

Track renewal, elimination of unmanned crossings priority for Indian Railways: Piyush Goyal

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Sources said for the electrification plans the government would need around 4500 electric coaches, fueling speculation that this would make GE's diesel locomotives redundant. It has created around 1,000 jobs at the plant and a maintenance shed, and 5,000 jobs in the supplier network. Asked if there could be any amendment to the scheme, Goyal said, "There is a possibility of making some change". Read More »

BlackBerry shares surge as profit rises on software strength

The consensus estimates for BlackBerry FQ2 2018 earnings were breakeven on $221.18 million in revenue. Chen has spent the last several years winding down the company's phone business and replacing it with software through acquisitions. Revenue dipped to $238-million from $334-million. "I am pleased with our strong execution in Q2", CEO John Chen said in a press release. "In our licensing businesses, we have a growing pipeline of opportunities with our BlackBerry Secure software and our ... Read More »

World airport system crash sparks chaos

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It is used by 125 airlines, both at airports and online. "The process may take slightly longer than usual", the spokesperson said. The cause of the problem, described as an "IT glitch" by Gatwick, is now unclear. Amadeus confirmed to The Mirror that they were experiencing a network issue but that services were gradually being restored. Gatwick said the situation as a "momentary IT glitch" and said it was not causing flight delays, and the system was back up and running. Read More »

Uber appeal over driver benefits to be heard at High Court

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The company has until October 13 to appeal the decision and will continue operations in the meantime, says the report. "Now Uber says that they are no different from a traditional mini-cab firm with self-employed drivers". James Farrar, a co-plaintiff and chair of the IWGB union's United Private Hire Drivers branch, said Uber was appealing the case to buy time and market share in the U.K. Read More »

USA slaps 220 percent duty on Canada's Bombardier jets

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Boeing alleges that Bombardier received at least $3 billion in subsidies from the governments of Britain, Canada and the province of Quebec, allowing it to sell planes to Delta Air Lines for less than the cost of production. It's been suggested that Bombardier's move into larger aircraft has anxious Boeing about a nascent competitor that it is now trying to squash at birth. Read More »

Dollar climbs on U.S. fiscal hopes, hawkish Yellen

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Yellen also said this year's low inflation is probably temporary. The problem for United States dollars bulls likely remains that the Fed is more divided than they appear, and while some officials such as speaker Bostic recently indicated comfort with a December hike, there is still division over the actual need to tighten policy. Read More »

BT Group PLC's (BT) "Hold" Rating Reiterated at Jefferies Group LLC

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Lastly, Numis Securities reaffirmed an add recommendation and given a GBX 1,750 ($23.53) target price on stock of Ashtead Group in a note on Wed, Jun 14th. The firm earned "Hold" rating on Thursday, April 7 by Beaufort Securities. (NYSE:T) has "Buy" rating given on Monday, March 7 by DA Davidson. Macquarie Research has "Buy" rating and $4300 target. Read More »

Truck giant Scania hit with £770m fine for price-fixing

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Scania did not settle. Investigations had continued over Scania's involvement after the manufacturer decided not to settle with the EC a year ago. "Our investigation found that the first meeting between senior managers of all six truck producers took place right here in Brussels, in January 1997". Read More »

Broncos' Von Miller admits mistake: 'I killed the game today'

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While the LeSean McCoy and the rest of the back field were limited - rushing for only 75 yards -Taylor finished the day 20 for 26 for 213 yards and two touchdowns. And the Broncos have some work to do on fake punts, including cornerback Lorenzo Doss scrambling on the field at the last moment. I thought we did a nice job of that. Read More »

Krewson, O'Toole call for independent investigation into police response to protests

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The demonstrations were prompted by the acquittal of Jason Stockley, who was a St Louis police officer when he shot and killed Anthony Lamar Smith following a 2011 auto chase. "In a robust democracy, we must always protect the Constitutional rights of those observing, recording or participating in protest activity". O'Toole spoke Wednesday on Charlie Brennan's program on KMOX Radio . Read More »

Equifax CEO Checks Out With Big Bucks

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Equifax announced earlier this month that hackers gained unauthorized access to sensitive personal data - Social Security numbers, birth dates and home addresses - for almost half of the country. San Francisco is seeking refunds for Californians who bought credit monitoring from Equifax before September 7, when the company disclosed the hack. Read More »

The Challenges Hewlett Packard Enterprise Is Facing

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The consensus recommendation is the average rating on a stock by the analyst community. Quadrant Capital Group LLC's holdings in Hewlett Packard Enterprise were worth $661,000 as of its most recent filing with the SEC. Hewlett Packard Enterprise had 41 analyst reports since November 3, 2015 according to SRatingsIntel. Finally, Oppenheimer Holdings Inc. set a $27.00 target price on Hewlett Packard Enterprise and gave the stock a "buy" rating in a report on Friday, February 17th. Read More »

GST revenue collection for August drops to Rs 90669 crore

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Under the GST Compensation Cess, Rs 7,823 crore was collected, of which Rs 547 crore was the cess received from imports in August. According to the data revealed, the total GST collections fell from Rs 94,063 crore in July to Rs 90,669 crore in August. Read More »

Hurricane Maria devastation has Puerto Rico calling for more relief aid

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Emotions overwhelm Carmen Evans whenever she talks about her family in Puerto Rico. "Congress is working with the administration to ensure necessary resources get to the US territory". "Why can't food and water be sent there right now, I mean there are babies who are naked in strollers their parents are fanning them", Begnaud asked Rosselló. Read More »

Needle Tilting Mid-Session For JZ Capital Partners Ltd (JZCP.L)

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Therefore 70% are positive. Barclays Capital downgraded Dominion Energy Midstream Partners LP (NYSE:DM) on Tuesday, July 18 to "Hold" rating. The current 14-day ATR for Dominion Midstream Partners LP (DM) is now sitting at 1.20. Its up 0.60, from 1.42 in 2017Q1. It is negative, as 29 investors sold BID shares while 80 reduced holdings. 45 funds opened positions while 180 raised stakes. Read More »

BlackBerry Limited (BBRY) Downgraded by Vetr Inc. to Buy

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Morgan Stanley lowered their price target on shares of BlackBerry Limited from $10.00 to $7.00 and set an "equal weight" rating on the stock in a report on Wednesday, June 21st. Comparatively, BlackBerry Limited posted earnings of $-0.04 per share in the same quarter past year. Fiera Capital Corp grew its position in shares of BlackBerry Limited by 1.3% in the 2nd quarter. Read More »

Institutional Investors Are Betting On Enbridge Energy Management LLC (NYSE:EEQ)

Alps Advisors Inc. now owns 15,719,416 shares of the pipeline company's stock valued at $251,511,000 after acquiring an additional 544,249 shares in the last quarter. The company has a consensus rating of "Hold" and an average price target of $20.44. The assumption behind the indicator is that investment instruments move in cycles with highs and lows coming at certain periodic intervals. Read More »

What Are Analysts Suggestions On IHS Markit Ltd. (INFO)

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Therefore 57% are positive. IHS Markit Ltd. has a 1-year low of $34.13 and a 1-year high of $48.53. $45.40's average target is 2.90% above currents $44.12 stock price. Riverhead Capital Management LLC acquired a new stake in shares of IHS Markit during the 2nd quarter worth approximately $198,000. It closed at $7.09 lastly. Read More »

Featured Stock Overview: Target Corp. (TGT)

The firm owned 102,635 shares of the retailer's stock after selling 24,224 shares during the quarter. Trust Co. of Oklahoma's holdings in Target were worth $309,000 at the end of the most recent quarter. The business also recently declared a quarterly dividend, which will be paid on Saturday, June 10th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.62 per share. Read More »

26% rise in car thefts across Thames Valley

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A freedom of information request showed that a total of 65,783 vehicles were reported stolen in 2013 to 40 police forces in England and Wales, but by 2016 this had risen to 85,688. "This is bad news for motorists as it has the effect of causing insurance premiums to rise at a time when they are already being pushed up by a variety of factors". Read More »

U.S. core capital goods orders rise more than expected

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Excluding transportation, new orders rose 0.2%, the department said. Orders for long-lasting manufactured goods rose a modest 1.7 percent in August, reflecting a rebound in the volatile aircraft sector. "The large number of vehicles destroyed in the two hurricanes will prompt auto manufacturers to ramp up orders in the months ahead", said Michael Pearce, U.S. Read More »

Bernstein Analysts Give Tesla Inc. (TSLA) a $265.00 Price Target

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FMR LLC now owns 24,450,435 shares of the electric vehicle producer's stock worth $6,804,556,000 after buying an additional 2,400,034 shares during the last quarter. Insiders have sold a total of 53,946 shares of company stock worth $18,481,047 over the last quarter. Analysts monitor insider data to understand the sentiment of a company's largest and most important shareholders. Read More »

Oil in bull market nears $52 on signs U.S. stockpiles declined

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Prices slid 34 cents to $51.88 on Tuesday. "The big surprise. has been on the distillate side, where it looks like we will hit 1.6 percent growth", Matti Lehmus, vice president of oil products at Finnish refiner Neste Oil, said last week at an industry gathering in Brussels. Read More »