Thursday, 17 January 2019
Latest news
Home » Finance


The 2 biggest revelations from Sally Yates' testimony about Michael Flynn


Yates testified about two events -on January 26 and 27- where she came to the White House to speak with its counsel Don McGahn. It has been revealed that U.S. And that new focus is the 18-day delay - from Yates's specific warning to Flynn's firing. The image, which has since been deleted, was apparently meant to emphasize Clapper's assertion that he knew of no evidence that the Trump campaign colluded with Russian Federation during the 2016 election. Read More »

Australia Banks Could Make Customers Pay for Surprise Tax

Along with Prime Minister Malcolm Turnbull , Mr Morrison has crafted a Budget created to reframe political conversations in this country between now and the next federal election in 2019. A super tax, new regulatory bodies, and big fines for new misconduct rules - it wasn't a great day at the office for the banks. "Customer deposits of less than $250,000 and additional capital requirements imposed on the banks from regulatory authorities are excluded". Read More »

Snap share value drops 20% after its first earnings report

While its $3.9 billion initial stock sale in early March was the largest U.S. IPO in more than two years, the company has consistently reported huge losses . Instagram, owned by Facebook, has more than 200 million people a day using its Stories while WhatsApp Status, launched in February, has more than 175 million daily active users. Read More »

Snap Inc. Reports Slow User Growth, Shares Drop More Than 25 Percent

While its $3.9 billion initial stock sale in early March was the largest U.S. IPO in more than two years, the company has consistently reported huge losses. The move could potentially make the service more intuitive to new users. Indeed, eMarketer projects that most of the Snapchat's usage gains in the USA going forward will come from older users. Read More »

Snap Plunges on First Earnings Report as Public Company

Analysts estimated that Snap needed to make at least $158 million for this quarter in order to put investors at ease, but it only managed to deliver $149.6 million. On the bright side, Snap's user growth did increase by 8 million in the first three months of 2017, with the company recording a total of 166 million daily active users. Read More »

United Kingdom start-up raises £390m to develop virtual reality technology


Despite the investment from Japan, Improbable will remain independent. Improbable employs 200 people at its office in Farringdon, central London, and recently opened an office in San Francisco. Improbable uses cloud-based distributed computing to enable the creation of virtual worlds for use in games and massive-scale simulations of the real world. Read More »

Real Madrid's Zinedine Zidane thrilled with Juventus final in Champions League


Although they have lost four of the five Champions League finals they have played in, including that one to Madrid almost two decades ago, their one win came against the holders of the competition. After 25 minutes things changed completely, and we found our game. The coach, who took charge of the team in January 2016, steered the club to victory last season against Atletico in the final. Read More »

Oil up after US inventories fall, Saudi cuts to Asia

Inventories of distillate fuel, a category that includes diesel and heating oil, dropped 1.59 million barrels, the 12th decline in 13 weeks. This is a long term issue however and there is another block in the path of any short term rise in oil prices. Read More »

Brian Molefe Returns As Eskom's CEO


A new deal was subsequently struck - with Brown's approval - that entailed Eskom reinstating Molefe's employment contract. Eskom chairperson Ben Ngubane said he was "absolutely delighted" to have Molefe back. "We are facing serious problems". That effectively nullified his resignation and he would return to work on Monday‚ he said. "We believe that he comes at a time when he is needed by Eskom as well as the economy of South Africa". Read More »

Weir Group PLC (WEIR) Increases Dividend to GBX 29 Per Share

About 1.02 million shares traded or 45.22% up from the average. AVX Corporation (NYSE:AVX) has risen 23.22% since October 4, 2016 and is uptrending. It has outperformed by 1.73% the S&P500. Gulf International Bancorporation (Uk) stated it has 0.05% of its portfolio in Compass Group plc (LON:CPG). The company has market cap of 26.18 billion GBP. Read More »

Judge denies Anthem injunction in suit over Cigna merger


A judge in DE on Thursday denied Anthem's bid to enjoin Cigna from walking away from its proposed $48bn acquisition, Reuters reported , although implementation of the decision was stayed until Monday to give Anthem a chance to appeal. The Delaware Court of Chancery's rejected Anthem's request to stop Cigna from terminating the deal between the health insurance titans, which a federal court has blocked on antitrust concerns. Read More »

Express Scripts Holding Company (ESRX) Shares Sold by Patten & Patten Inc. TN

By historical standards, Express Scripts Holding Company remains a cheap stock. Over the last 5 years, Express Scripts Holding Company has averaged a 16.40% YoY EPS growth rate and a 16.80% revenue growth rate. TRADEMARK VIOLATION NOTICE: " Express Scripts Holding Company (ESRX ) Shares Sold by PGGM Investments" was published by Sports Perspectives and is the property of of Sports Perspectives. Read More »

Netflix to hire hundreds for new Amsterdam customer hub


Netflix's only other existing European office is in London, after the company relocated its French base to the Netherlands last August. The hub supports customers across 11 European countries - Belgium, Denmark, Finland, Ireland, Luxembourg, the Netherlands, Norway, Poland, Romania, Sweden and the UK. Read More »

South Korea's new leader Moon Jae-in sworn in

In his first public appearance as president, Moon visited the National Cemetery in Seoul on Wednesday to pay his respects to South Korean heroes. While the vote focused on the economy, there are hopes the left-leaning former human rights lawyer's backing for engagement with Pyongyang could ease tensions on the Korean peninsula following a series of missile tests by the North that have fueled worries of conflict. Read More »

Tim Cook says Apple is investing $1 billion in United States manufacturing

He visited India a year ago and met prime minister Narendra Modi; Apple's senior vice president of worldwide marketing, Phil Schiller, visited last quarter to inaugurate a developer centre. Cook explained, "If we can create many manufacturing jobs around, those manufacturing jobs create more jobs around them because you have a service industry that builds up around them". Read More »

Snap Inc Gets An Investor Pounding Stocks Drop By 25

Snap reported a loss of $US2 ($3).3 ($3) billion for the quarter, which is a HUGE amount of money. What's worse is that they only registered a 36 percent user growth over the prior period. Those platforms are geared towards groups, discussions, crowdsourcing and so on. " Snap's user growth will also be a key item in focus", TheStreet reported yesterday. Read More »

Snapchat's user base is loyal, but that might not be enough (SNAP)


Several analysts on the call pointed to Snap's slow advertising revenue growth, questioning why a company with loyal users is having difficulty monetizing ads. "All of these innovations that Facebook and Instagram are making could be undermining the growth of Snapchat ". In response to a question about the company's losses , chief financial officer Drew Vollero said that Snap is "still in investment mode", and wouldn't be sacrificing that to meet any short-term goals. Read More »

Caught on Camera: Southwest Airlines Plane Brawl


Instead, the man stood up with what looked like a blood streak on the back of his T-shirt, Krause said, and left the plane in peace. Two passengers got into a fight on a Southwest flight shortly after the plane landed in Burbank, California. Read More »

Snapchat's growth stalls in Facebook's shadow in 1Q report

Snap , which completed its initial public offering of stocks in March, is scheduled to hold its first quarterly conference call today to announce its first-quarter earnings for 2017. Snapchat has been facing massive competition from Facebook recently with the company owned Instagram introducing Instagram stories. But if Instagram Stories gets more traction, which it likely will, Snapchat needs to pivot its service and expand to other fronts, thereby making the app more unique than rivals. Read More »