Economy


China downplays Moody's, says ratings overestimate difficulties facing the country's economy
- May 24, 2017

The dollar held firm on Wednesday, having rebounded from 6-1/2-month lows against its major peers helped by a rise in U.S. Treasury yields, while the yuan eased after Moody's cut its sovereign rating on China due to concerns over the country's soaring debt. (more...)
German and French output growth keeps Eurozone expansion at six-year high German and French output growth keeps Eurozone expansion at six-year high
- May 24, 2017

Shares climbed across the euro zone on Tuesday after data showed robust growth, and Wall Street ticked higher as a USA federal budget proposal called for slashing healthcare programs and boosting military spending. The German measure also increased, hitting a 73-month high, but growth slowed in some other parts of the eurozone. Its economy picked up steam in the first quarter helped by strong exports, booming construction and higher household and state spending, official data showed ... (more...)
Facebook leaked documents show types of content it allows: Guardian Facebook leaked documents show types of content it allows: Guardian
- May 23, 2017

According to files published by the Guardian , Facebook does not automatically delete evidence of non-sexual child abuse in order to help identify and rescue the child involved. Similarly, it does allow the sharing of animal cruelty to spread awareness but takes it down if the contents are "extremely upsetting", such as a visual of mutilation or burning alive. (more...)
Defense Stocks Reach Record Highs on Saudi Arms Deal Defense Stocks Reach Record Highs on Saudi Arms Deal
- May 23, 2017

The highest gains seen on the Lockheed Martin Corp. The objective of the package, according to State, is to significantly expand the more than seven-decade long security relationship between the United States and the Kingdom of Saudi Arabia, by supporting the Kingdom's defense needs and the "long-term security of Saudi Arabia and the Gulf region in the face of malign Iranian influence and Iranian related threats". (more...)
Celtics take down Wizards 115-105; now face Cavs Celtics take down Wizards 115-105; now face Cavs
- May 22, 2017

Boston advances to the best-of-seven Eastern Conference finals, where it will host the defending league champion Cleveland Cavaliers in Game 1 on Wednesday. There were big shots and lots of huge defensive plays made by Smart all game long. You have to hand it Stevens, who has that magic touch with decent players like Kelly Olynyk (26 points Monday), who looks like a star on some nights because the coach knows how to teach and run a complex offense that gets so many guys wide open shots. (more...)
Watch Hillary Clinton Try to Avoid Hugging Trump Stand-In During Debate Prep
- May 22, 2017

In debate prep footage recorded in September, Reines played the role of Trump as the handsy creep going in for the hug when the two candidates traditionally would shake hands. Benjamin Wittes, editor-in-chief of Lawfare and a friend of Comey's who provided the Times with details of the former Federal Bureau of Investigation director's thinking, provided more details in his own recounting of Comey's thoughts on "the hug". (more...)
Ford Replaces CEO in Push to Transform Business Ford Replaces CEO in Push to Transform Business
- May 22, 2017

The change, reported by Forbes and the New York Times , come as Ford faces weak sales and declining profits. Mr. Farley, meanwhile, helped deliver more than $1 billion in profit in Europe past year, with the favorable result coming as GM exited that region due to persistent losses and a lack of confidence in its German Opel unit. (more...)
Russia launches ferry connection with North Korea Russia launches ferry connection with North Korea
- May 20, 2017

The trip marked the beginning of a once-weekly regular cargo-passenger service, according to TASS. Vladimir Baranov, director of the company that operates the Man Gyong Bong boat serving the route, said potential passengers included "North Koreans coming to work in Russian Federation and tourists from northern China who miss the sea because they don't have their own". (more...)
USA likely to expand airline laptop ban to Europe USA likely to expand airline laptop ban to Europe
- May 20, 2017

The U.S. airlines still hope to have a say in how the policy is put into effect at airports to minimize inconvenience to passengers. However, the largest issue here is making sure that lithium batteries when stored in bulk in airplane holds, do not explode in midair. (more...)
Experts question North Korea role in WannaCry cyberattack
- May 20, 2017

Though North Korea has never admitted any involvement in the Sony Pictures hack, security researchers and the United States government are confident in the theory and neither can rule out the possibility of a false flag. There is another possibility that "Lazarus Group" may be working independently and without the instructions from North Korea, the report added. The 2014 Sony hack was also pinned on the hacker collective. (more...)
(TGT) Issues Quarterly Earnings Results, Beats Expectations By $0.30 EPS (TGT) Issues Quarterly Earnings Results, Beats Expectations By $0.30 EPS
- May 20, 2017

Another critical number in evaluating a stock is P/E or the price to earnings ratio . The company has a 50-day moving average price of $55.14 and a 200-day moving average price of $64.38. Target Corp. P/E ( price to earnings) ratio is 11.98 and Forward P/E ratio of 13.63. ( TGT ) now has a value of $54.53 while the company's 52 week low is at $52.72, the shares dropped to the 52 week low on 04/05/17. (more...)
Price Fluctuations to Observe: Xerox Corporation (XRX) ,Pretium Resources Inc. (PVG)
- May 18, 2017

Shares of Xerox Corp (NYSE:XRX) opened at 7.15 on Tuesday. The current share price indicates that stock is -6.35% away from its one year high and is moving 25.80% ahead of its 52-week low. Neuberger Berman Group Inc Llc accumulated 279,756 shares. Shareholders of record on Friday, March 31st were paid a dividend of $0.0625 per share. The ex-dividend date of this dividend was Wednesday, March 29th. (more...)
Where Advanced Micro Devices, Inc (NASDAQ:AMD) Stands on Analytical Review Chart? Where Advanced Micro Devices, Inc (NASDAQ:AMD) Stands on Analytical Review Chart?
- May 18, 2017

Basically, a price target is an individual analyst's projection on the future price of a stock. ( NYSE:CTL ), 4 have Buy rating, 2 Sell and 11 Hold. A number of other brokerages have also recently commented on AMD . After $0.52 actual earnings per share reported by Centurylink Inc for the previous quarter, Wall Street now forecasts 5.77% EPS growth. Coldstream Capital Management Inc. (more...)
Russia, Saudi Arabia back extension of oil output cuts
- May 17, 2017

Energy ministers from the two countries said on Monday that supply cuts should be prolonged for nine months, until March 2018. "We've come to conclusion that the agreement needs to be extended". "Crude production was down 535,000 barrels per day compared to April 2016". Oil and gas companies, which make up 13.6% of the index, benefitted from the rise in oil prices with Premier Oil up 3.8% to 61.25p while BP climbed 1.1% to 465p. (more...)
Xiaomi Redmi 4 launched in India in three variants
- May 17, 2017

And in total the smartphone will be available in 3 variants i.e with 2GB + 16GB, 3GB + 32GB and lastly, 4GB RAM + 64GB of internal storage and they are priced at 6,999 INR, 8,999 INR & 10,999 INR respectively. The company has launched this phone in three variant in India. Its connectivity options include 4G, VoLTE, 3G, HSPA+, GPRS/EDGE, Wi-Fi, GPS/AGPS, NFC, GLONASS, Bluetooth, Infrared sensor and Micro-USB. (more...)
Buffett calls health bill a giveaway to wealthy
- May 16, 2017

Buffett said he was happy to gather more money that can be used for takeovers and stock picks. "I'm very pessimistic on weapons of mass destruction generally although I don't think that nuclear probably is quite as likely as either primarily biological and maybe cyber", Buffett said during Berkshire Hathaway's annual shareholders' meeting on Saturday. (more...)
Top US officials warn Trump against moving US embassy to Jerusalem
- May 16, 2017

The warnings from USA officials across government agencies - including from some inside the West Wing - add to the steady stream of cautionary advice Gulf state diplomats and top Arab officials have shared with Trump and top White House advisers. (more...)
Judge grants partial injunction against Uber in Waymo car case Judge grants partial injunction against Uber in Waymo car case
- May 16, 2017

A federal judge has granted an injunction that blocks its self-driving chief Anthony Levandowski from working on the company's self-driving project due to the ongoing lawsuit. The following August, Uber bought Ottomotto for $680 million and hired Levandowski to lead its self-driving auto efforts. Both companies have been striving to race ahead of each other in autonomous vehicles, which many consider to be the future of transportation. (more...)
Tillerson: We 'cannot reset' relations with Russian Federation Tillerson: We 'cannot reset' relations with Russian Federation
- May 16, 2017

US Secretary of State Rex Tillerson said Wednesday, April 12, 2017 that relations with Moscow are at a low point after meetings in Russian Federation that seemed to do little to bridge a deepening diplomatic divide over a chemical attack in Syria. (more...)
200000 cyberattack victims in 150-plus states: Europol 200000 cyberattack victims in 150-plus states: Europol
- May 15, 2017

He was quoted as saying he noticed the web address the virus was searching for had not been registered - and when he registered it, the virus appeared to stop spreading. Europol said its cybercrime specialists will support affected countries as a "complex global investigation" to identify the culprits begins. Jan Op Gen Oorth, spokesman for the Netherlands-based Europol , said the number of individuals who have fallen victim to the cyberextortion attack could be much higher. (more...)

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