Markets

Stocks Rally After Fed, Euro Gains on Dutch Polls: Markets Wrap

Stocks Rally After Fed, Euro Gains on Dutch Polls: Markets Wrap The Canadian dollar was last trading at C$1.3315 to the greenback, or 74.92 USA cents, weaker than Wednesday's close of C$1.3307, or 75.15 US cents. Bank of Ireland clawed back much of what it lost in the previous day's session, closing up 3 per cent at 24 cent. [Full Article...]

Hot Magma Flies out at BBC Crew Caught in Volcano Blast

Hot Magma Flies out at BBC Crew Caught in Volcano Blast Ms Morelle said a volcanologist with them on the peak described the incident as the most unsafe in his 30-year career. "I received a bruise on my head but am generally fine and [now] having a good, well-deserved beer", Behncke posted on Facebook, describing the ordeal as a " violent explosion at the contact between flowing lava and thick snow". [Full Article...]

U.S. investment firm bails on Laval's Valeant pharmaceuticals

U.S. investment firm bails on Laval's Valeant pharmaceuticals It has also replaced numerous other top executives. The Stock opened its session at $12.41 and closed at $12.11 by showing decrease of -1.06 percent. P/E (price to earnings ) ratio is 0 and Forward P/E ratio of 2.69. The stake remained unchanged during the quarter. The latest bid places it $-43.1399 away from the 52-week high of $53.9000, or -80.0369%. The sale of his stake ends a sage of almos... [Full Article...]

Oil edges off three-month low but glut worries persist

The market's volatility surged the most since before the 2014 price crash started after a government report showed USA inventories reached a record. Oil prices flirted with a three-month low on Monday (14 March), as Opec's efforts to curb production were undermined by an increase in U.S. [Full Article...]

Tesla's Kauai Solar Facility: 1.6M Gallons Of Fuel Saved Annually

Tesla's Kauai Solar Facility: 1.6M Gallons Of Fuel Saved Annually The solar energy-based power plant was officially launched on Friday with an enormous capacity of 13 MW SolarCity solar farm installation which would be capable of providing Powerpack storage facility with 52 MWh as a whole. The pledge will see Ibiden, which produces integrated circuitry and chip packages found in Apple devices, invest in more than 20 renewable energy projects, including one of th... [Full Article...]

Elon Musk Just Personally Promised To Fix South Australia's Energy Issues

Elon Musk Just Personally Promised To Fix South Australia's Energy Issues Cannon-Brookes then tweeted at Tesla CEO Elon Musk " How serious are you about this bet? ". While on one hand, Australian Prime Minister Malcolm Turnbull has said to bring back fossil fuel plants for a "coal-fired future", Tesla's battery farms would prove to be a much more sustainable solution in the long-run. [Full Article...]

Analysts Update Their Price Target On Ford Motor Company (NYSE:F)

Analysts Update Their Price Target On Ford Motor Company (NYSE:F) Of all companies tracked, Ford Motor Company had the 17th highest net out-flow for the day. A number of other analysts have also recently commented on the stock. The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 24th. On average, analysts forecast that Ford Motor Company will post $1.63 EPS for the current fiscal year. [Full Article...]

China defence spending to rise 'around 7pc', says official

China defence spending to rise 'around 7pc', says official China set a slightly lower growth target but couched it in optimistic terms; announced the slowest rise in defense spending in seven years; and pledged to speed up efforts to eliminate the layer of smog that envelops the country's skies. "China treats every country as an equal partner, big or small", said Fu. "We call for a peaceful settlement through dialogue and consultation (of the dispute... [Full Article...]

PSA to announce acquisition of Opel on Monday?

Both GM and PSA, which owns the Peugeot and Citroen brands, declined to comment. GM has been struggling to make money in Europe for years and almost sold a majority stake the unit in 2009. Tavares also told his board that PSA would redevelop the Opel lineup with its own technologies to achieve rapid savings, according to people with knowledge of the matter. [Full Article...]

European Central Bank rate rises finally on the horizon

Equities rallied on both sides of the Atlantic amid increased bets on a US Federal Reserve interest rate hike this month. The question is whether the official who matters most - Chair Janet Yellen - will add her own voice to that impression. [Full Article...]

Former Texas governor Rick Perry confirmed as energy secretary

Former Texas governor Rick Perry confirmed as energy secretary The U.S. Senate confirmed former GOP Texas Gov. Rick Perry as secretary of energy Thursday. Rick Perry is now in charge of the very department he couldn't even remember: the U.S. The move comes amidst criticism concerning Perry's beliefs on both the department he now leads and issues it deals with. Perry, the governor of Texas from 2000 to 2015, had the strong support of both of his home sta... [Full Article...]

Saudi's Oil Exports Slide, Unable to Regain Pricing Power in Asia

Saudi's Oil Exports Slide, Unable to Regain Pricing Power in Asia Oil prices fell on Thursday after US crude stocks hit an all-time high and official data showed Russian oil production unchanged in February, with no further cuts to tighten the market and drain global oversupply. The U.S. crude oil imports averaged 7.6 million barrels per day last week, up by 303,000 barrels per day from the previous week, according to EIA's This Week in Petroleum report. [Full Article...]

FCC sets aside new Net data privacy rule

The stay will reportedly remain in place until the Commission is able to act on pending petitions for reconsideration. When the FCC voted previous year to adopt the rule, then-FTC chair Edith Ramirez voiced her support for it, saying that the FCC's rule "will provide robust privacy protections, including protecting sensitive information such as consumers' social security numbers, precise geo... [Full Article...]

Best Buy Sales Take Hit From Lack of Blockbuster Product

Best Buy Sales Take Hit From Lack of Blockbuster Product Enterprise revenue is expected in the range of $8.2 billion to $8.3 billion. Profit will be 35 cents to 40 cents a share, excluding some items, in the quarter through April, the Richfield, Minnesota-based company said Wednesday. This was driven by a 0.9% sales decline at existing domestic stores. Domestic online revenue, however, climbed 17.5 percent on a comparable basis to $2.3 billion, prim... [Full Article...]

Dollar Tree, Inc. (DLTR)

Dollar Tree, Inc is an operator of discount variety stores. Seven Eight Capital LP bought a new position in Dollar Tree during the fourth quarter worth $4,507,000. During the same period in the prior year, the firm posted $0.49 EPS. Therefore, if Dollar Tree, Inc . meet or beat analysts' forecasts of earnings, its earnings per share would see an increase of about 30.69%. [Full Article...]

Wall Street treads water ahead of Trump's Tuesday speech

Wall Street treads water ahead of Trump's Tuesday speech Japan's Nikkei 225 Index inched up by 0.1 percent, while Hong Kong's Hang Seng Index fell by 0.8 percent. The S&P 500 index showed 34 new 52-week highs and one new low, while the Nasdaq recorded 62 new highs and 22 new lows. The S&P is on track for a February gain of more than 3%, representing its largest monthly rise since March 2016 (http://www.marketwatch.com/story/the-sp-500-is-on-track-... [Full Article...]

Betsy DeVos 'Originally Opposed' Change to School Bathroom Policy on Transgenders

Betsy DeVos 'Originally Opposed' Change to School Bathroom Policy on Transgenders It was unclear which way Trump would lean on this hot button issue, but ultimately he chose to side with the more conservative members of his party by ruling to rescind the protections in place for transgender students on Wednesday evening . [Full Article...]

Oasis Petroleum Inc. (OAS): Important Trade and Target Levels To Watch

An influential analyst on Wall Street may give a stock that is now trading at $60 a one-year price target of $90; however, there is no concrete way to calculate a price target. The company had Year Ago Sales of 182.07 Million. The firm has a 50-day moving average of $14.55 and a 200-day moving average of $12.44. The Return on Equity (ROE) value stands at -7.8%. [Full Article...]

RBS reports ninth consecutive loss at £7bn

RBS reports ninth consecutive loss at £7bn RBS reported an attributable loss to shareholders of GBP6.96 billion for 2016, more than treble the GBP1.98 billion attributable loss it booked in 2015. The FTSE 100 group noted that it was targeting £2 billion of cost cuts in the next four years with around two thirds to come from the core bank. RBS (RBS), formerly the largest bank in the world, warned Friday that more pain is ahead: It doesn't... [Full Article...]

Tim Hortons' parent company buying Popeyes chain

Restaurant Brands CEO Daniel Schwartz said in a statement that the company looks forward to "taking an already very strong brand and accelerating its pace of growth and opening new restaurants in the US and around the world". Popeyes shareholders will get $79.00 for each share they hold, a 19.5 percent premium to the stock's Friday close. Restaurant Brands was formed three years ago when 3G Capita... [Full Article...]


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