Thursday, 17 January 2019
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Bank of England keeps rates at record low as Brit economy slows

Since then, markets have moved to price an earlier rate hike by the Bank of England and sterling has strengthened, which should help to push down on inflation. The Bank of England said that consumers were beginning to feel the pinch from surging inflation as the pound's plunge since the Brexit vote has pushed up prices. Read More »

Kate Spade surges on $2.4bn Coach deal

Kate Spade shares closed Friday at $16.97. Rumors that Kate Spade was up for grabs first surfaced in November 2016, when a hedge fund declared the company "undervalued" on the stock market and a relative bargain. Analysts called Kate Spade a good fit for Coach . "We like the complementary product assortments, complementary customer bases, potential for synergies". Read More »

Morrison budget avoids serious tax reform


The Treasurer said there were signs of an improving global economy and "there is clearly the potential for better days ahead". The government will impose a fee on businesses that employ foreign workers, which is expected to raise AUD1.2 billion over four years. Read More »

Walgreens Moves to Force U.S. Decision on Rite Aid Merger


In this case, shares are 14.44% higher from $75.74, the worst price in 52 weeks suffered on May. Oppenheimer & Co. Inc. increased its position in Walgreens Boots Alliance by 24.2% in the third quarter. This represents a $1.50 annualized dividend and a dividend yield of 1.75%. 03/22/2017 - Walgreens Boots Alliance , Inc. had its "buy" rating reiterated by analysts at Deutsche Bank. Read More »

Zaza Pachulia trolls Klay Thompson with fake SF Chronicle


It's probably been going for a while, since Golden state is a tight-knit team, but it seems like fans are getting to see it a lot better this postseason, starting after Game 3 of the Western Conference Semifinals. the Jazz, commemorating the game forever. It was the only game all season where Pachulia outscored Thompson. He holds up two decent-sized fish, while Pachulia holds up tiny anchovies. Read More »

The FBI must be protected - from the White House

Ultimately, Comey's firing seemed to reflect Trump's frustration that Comey, in pursuing the investigation , was being "disloyal" to Trump. McCabe promised to tell senators of any White House meddling into the agency's probe on Russian Federation. Read More »

Australian banks lick wounds after tax hit, investors brace for impact


Australia's Big Four may be fuming over the $6 billion tax they were slapped with in last night's budget but Treasurer Scott Morrison had four words: "Cry me a river". He also lowered the salary threshold for university debt repayments from A$55,000 to A$42,000. The levy that Australians pay for their universal health care system would increase from 2 percent of their income to 2.5 percent to help pay for a newly established disability insurance scheme. Read More »

Less than picture ideal: Snap slumps on slowing user growth

Facebook also allows users to tweak photos on their smartphones with visual details like a rainbow or a beard of glitter, also similar to Snapchat . With other companies such as Facebook introducing "Snap-like" features to their existing platforms, and the hype surrounding Snap appearing to die down, investors may see the tech company's valuation dwindle to more appropriate levels over the near-term as the market attempts to correctly price the company's long-term prospects and growth ... Read More »

China agrees to open market to U.S. beef, gas


But it's limited, and pales in comparison with the effects of China's entry into the World Trade Organization in 2001 and Richard Nixon's opening to China in 1972. In exchange, the United States would allow the sale of cooked Chinese poultry - a move Ross said could be done safely. China is attempting to turn to natural gas as a way to reduce its dependence on coal and combat the country's extensive air pollution. Read More »

After the B.C. election here's what Canadians are asking Google

They are now elected in three ridings - leader Andrew Weaver's seat in Oak Bay-Gordon Head plus new wins by Adam Olsen in Saanich-North and the Islands, and Sonia Furstenau in Cowichan Valley . Other key areas of difference between the Greens and Liberals include liquefied natural gas development, the $9-billion Site-C hydroelectric project and Kinder Morgan's $7.9-billion Trans Mountain oil pipeline expansion, all of which the Greens oppose. Read More »

Jefferies Group LLC Boosts Dcc Plc (DCC) Price Target to GBX 8500

They now have a GBX 240.00 target on company. The current consensus rating on BT Group plc (NYSE:BT) is Hold (Score: 2.44) with a consensus target price of $369.88 per share, a potential 1,796.79% upside. Legacy Private holds 0.12% or 5,030 shares in its portfolio. The shares were bought at an average cost of GBX 141 ($1.82) per share, for a total transaction of £493,500 ($638,256.60). Read More »

Commerce Sec Wilbur Ross: 10 US-China Trade Agreements 'Herculean Accomplishment'

So, if any aspect of the Trump presidency has exceeded expectations, it has to be the administration's handling of U.S. Under the deal Chinese officials will welcome USA beef imports for the first time since 2003. "The beef deal is a significant, concrete accomplishment resulting from the 100-day plan established by President Trump and President Xi at their summit". Read More »

Pound (GBP) Investors Less Optimistic after Bank of England (BoE) 'Super Thursday'


The bank said prices will jump more dramatically than expected, with inflation rising to 2.7% this quarter, way above the bank's 2% target. Before the referendum previous year, the bank expected 2.3% growth in 2017. "Looking at the developments over the last couple of weeks and the tensions that have built between the two parties, I'm not agreeing with the assumption that the BoE is making in its forecasts, which overall were relatively optimistic". Read More »

Oil rises after United States inventories drop, signals of OPEC cut extension

Brent crude futures, the global benchmark for oil prices, were at $49.60 per barrel at 0045 GMT on Tuesday, up 26 cents, or 0.5 percent, from their last close. On Monday, Saudi Arabia's oil minister Khalid al-Falih said he expected the output deal to be extended to the end of the year or possibly longer. Prices have been under pressure from rising United States output and concerns that Opec and supportive nations such as Russian Federation could extend production cuts agreed a year ago. Read More »

Drawing Attention Towards Valero Energy Corporation (NYSE:VLO), What Are Analysts Predicting?

It has outperformed by 16.93% the S&P500. Liberum Capital have a GBX 150.00 target price on the stock. The company has grown -6.02% in past 3 months and in the last five trades has moved down -1.89%. Therefore 50% are positive. Valero Energy Partners now has $3.22B valuation. Howard Weil maintained it with "Sector Outperform" rating and $62 target in Wednesday, October 26 report. Read More »

What C919 means to China jet industry and domestic airlines


Built by state owned company Commercial Aircraft Corporation of China (COMAC), it is a symbol of China's ambitions to be a player in global aviation. State media burst with pride and patriotism as the plane's debut flight from Pudong International Airport in Shanghai was broadcast live, reporting that around 3,000 officials, executives and other onlookers clapped "ecstatically" as the plane landed, carrying a skeleton crew of five pilots and engineers. Read More »

No evidence of collusion


Former Director of National Intelligence James Clapper , who also testified, said he stood by past assertions that he had not seen evidence of such collusion but also declined to comment on classified matters. Graham asked Yates whether she had any information about whether there was collusion between members of the Trump campaign and Russian Federation. Read More »

Sean Spicer says 'no comment' when asked about Trump taping Federal Bureau of Investigation director

Speculation is growing over the future of Sean Spicer, Donald Trump's press spokesman. "The integrity of our law enforcement agencies and their leadership is of the utmost importance to President Trump". The White House disputed the account . During the dinner, the president asked the Federal Bureau of Investigation director to pledge loyalty to him, the Times reported . Read More »

Hospitality Properties Trust Enters Oversold Territory


Teachers Advisors LLC owned 0.18% of Hospitality Properties Trust worth $9,226,000 at the end of the most recent reporting period. Zacks Investment Research upgraded shares of Hospitality Properties Trust from a "hold" rating to a "buy" rating and set a $36.00 price target on the stock in a research note on Tuesday, February 14th. Read More »

Alaska mine CEO sees EPA settlement as new start


It ended these lawsuits now that the agency, under President Donald Trump and Administrator Scott Pruitt, wants to give the project "a fair process for their permit application", as Pruitt said in a statement per The Washington Post . Environmental activists like actor Robert Redford opposed development and multinational jewelers said they wouldn't use minerals mined from the Alaska prospect. Read More »

South Korea's Moon urges talks, sanctions to rein in Pyongyang

Trump's administration has repeatedly said that "all options are on the table" in response to new tests of missiles and nuclear bombs by North Korea. North Korea's UN Mission is calling what it says was a "terrorist" plot by the United States and South Korean intelligence agencies to kill leader Kim Jung Un a "declaration of war". Read More »

Markets Right Now: Stocks open lower on Wall Street


European markets finished higher: London's FTSE gained 0.6 per cent, while both Paris and Frankfurt were up nearly 0.1 per cent each. Wall Street closed mixed this morning: with The Dow Jones Industrial Average was down 0.2 per cent to 20,943, the S&P 500 rose 0.1 per cent to 2,400 and the NASDAQ gained 0.1 per cent to 6,129. Read More »

Moon Jae-in Urges Sanctions to Rein in North Korea

North Korea last week accused the Central Intelligence Agency of plotting with the South to assassinate Kim using a biochemical weapon, an allegation impossible to verify - and following the killing of his half-brother Kim Jong-Nam in Malaysia with a banned nerve agent, a murder widely blamed on Pyongyang. Read More »