Economy


Momo Inc (ADR) (NASDAQ:MOMO), Kimco Realty Corp (NYSE:KIM)
- June 24, 2017

The company was downgraded on Thursday, January 5 by Jefferies. The firm has "Buy" rating by Bank of America given on Thursday, October 22. The stock has "Buy" rating by Sidoti on Wednesday, March 16. The company has market cap of $1.34 billion. As per Tuesday, October 25, the company rating was maintained by RBC Capital Markets. It has a 21.98 P/E ratio. (more...)
Obama Authorized Cyberstrikes Against Russia Through Secret Program That Continues Under Trump Obama Authorized Cyberstrikes Against Russia Through Secret Program That Continues Under Trump
- June 24, 2017

The compounds, which had been used for decades as retreats for Russian diplomats, were shut down by the Obama administration as part of a package of punitive measures in response to Russia's meddling in the election. Without any response from the White house, Russian Federation continued its hacking campaign. There were also concerns that any action would be interpreted as politically motivated on behalf of Obama's fellow Democrat, potentially fuelling Trump's repeated claims that the ... (more...)
Wrexham Glyndwr University Presented With Silver Award in Teaching Excellence Framework Wrexham Glyndwr University Presented With Silver Award in Teaching Excellence Framework
- June 23, 2017

Many local and worldwide students, including from India, choose universities for their degree courses based on such rankings, which may vary based on differences in criteria used, but drive student numbers in a sector facing major funding cuts in recent years. (more...)
United Kingdom chancellor, BoE chief stress Brexit perils United Kingdom chancellor, BoE chief stress Brexit perils
- June 23, 2017

Brexit secretary David Davis agreed to drop earlier demands he made last week that trade talks should run in parallel with the divorce discussions, an issue that he had promised to turn into " the row of the summer ". "The four freedoms that give us the internal market must not be jeopardised", she said with reference to the EU's freedoms of movement of goods, capital, people, and services. (more...)
Fed: Biggest US banks strong enough to withstand recession Fed: Biggest US banks strong enough to withstand recession
- June 23, 2017

Trump has promised to undo various restrictions on financial firms that were put into place after the 2008 financial crisis, including the 2010 Dodd-Frank Act. Bank of America's calculation was US$12.1 billion less than the Fed's US$45 billion. That phase is closely watched by shareholders because it dictates whether lenders can increase dividends and buy back stock. (more...)
Two more wins for Team NZ
- June 22, 2017

But Spithill, trying to pilot the U.S. to a third straight America's Cup title, was seconds early across the startline of race one and the Americans never recovered from the penalty, as Team New Zealand erased the United States boat's one-point advantage to level overall at 0-0. (more...)
China Stocks Pace Gains in Asia Before MSCI A-Share Decision
- June 21, 2017

Julian Mayo, co-CIO of emerging market specialist Charlemagne Capital, said: "There is increased expectation the MSCI will include A-shares, the question is when?" The big news: MSCI is adding more locally-traded China large-cap stocks to its emerging market index than expected. (more...)
Amazon Plans Cuts to Shed Whole Foods' Pricey Image Amazon Plans Cuts to Shed Whole Foods' Pricey Image
- June 20, 2017

Whole Foods has already been reducing prices to try to turn around its worst sales slump since going public in 1992. For starters, the tie-up between Amazon and Whole Foods will likely hurt local grocery stores, Rep. "Millions of people love Whole Foods Market because they offer the best natural and organic foods, and they make it fun to eat healthy", Bezos said, adding, "they're doing an incredible job and we want that to continue". (more...)
Amazon Inks Its Biggest Deal, Buying Whole Foods for $13.7B Amazon Inks Its Biggest Deal, Buying Whole Foods for $13.7B
- June 20, 2017

Whole Foods , a pioneer in organic products, as mentioned, started its business in 1978 in Austin, Texas , building its brand on healthy eating and fresh, local produce, though often with steep price points. In October, reports surfaced that Amazon was planning to build its own grocery stores. Almost $30 billion of market value disappeared Friday from grocery stocks. (more...)
UK's Hammond says economy should be priority in Brexit talks
- June 19, 2017

Britain's historic decision to leave the 28-nation bloc has sent shockwaves through the political and economic fabric of the nation. Later next week, Barnier will debrief the EU 27 leaders on the first round of talks, who will in Brussels for the traditional June EU summit. (more...)
U.S. lawmaker shot by anti-Trump gunman showing improvement U.S. lawmaker shot by anti-Trump gunman showing improvement
- June 19, 2017

The family of a lobbyist shot multiple times during a Republican baseball practice outside Washington says he has undergone additional surgery and doctors expect a full recovery. Trump says, "Steve is our friend, he's a patriot and he's a true fighter". "Both were purchased by the shooter from federal firearms licensees", the Capitol Police said in a statement. (more...)
Jimmie Johnson Stays in NASCAR Through 2020 Jimmie Johnson Stays in NASCAR Through 2020
- June 18, 2017

Johnson was able to complete 20 laps in the backup auto in the final session and was ninth overall on the speed chart. In fact, in three of his last four races where he started in the rear, Johnson went on to win, that includes his championship win at Homestead last November. (more...)
Wife: Man who shot congressman wanted to work on tax policy Wife: Man who shot congressman wanted to work on tax policy
- June 16, 2017

The Chicago Battered Women's Network's most recent Court Watch Report from 2013 lists dozens of cases in which protective orders were denied after abuse charges were dismissed, or inappropriate statements were made - such as when one judge told a woman to simply "learn how to get along" with her abusive partner "given that they have a child together". (more...)
Friend says Trump is considering 'terminating' Mueller
- June 16, 2017

The White House has said that U.S. President Donald Trump has "no intention" of firing special counsel Robert Mueller , who is investigating Russia's interference in the 2016 election. Trump has regularly turned to Twitter to blast reports about his alleged connections to Russia or the inquiries into possible collusion between the Trump campaign and Russian operatives. (more...)
10.5-inch iPad Pro confirmed to have 4GB of RAM
- June 15, 2017

This move might be to favor FaceTime (whose camera got an upgrade with the new model). As for the price, the 10.5-inch iPad Pro , which comes in Silver, Space Gray, Gold, and Rose Gold, starts at $649. While that's one way to think about it, I think that the iPad Pro would need something different; perhaps a hybrid of sorts, between the intuitive nature of iOS and the capabilities of macOS. (more...)
Anbang says chairman can't perform job for personal reasons Anbang says chairman can't perform job for personal reasons
- June 15, 2017

The statement also said Wu's responsibilities will be assumed by other senior executives, and that business will be operating normally, according to Reuters . A company executive and a business partner of Anbang, however, confirmed his detention to the New York Times , and the Wall Street Journal later reported a special investigative team that looks into economic crimes was behind the detainment. (more...)
Court filing: Marsh seeks OK to sell 26 grocery stores Court filing: Marsh seeks OK to sell 26 grocery stores
- June 15, 2017

A Marsh Supermarkets spokesman says a court is allowing the sale of 26 of its remaining stores to two Ohio-based grocery chains. One possible obstacle to the sale is an objection by CVS Health, which purchased the pharmacy accounts from Marsh in April. (more...)
WRAPUP 3-Weak US consumer prices, retail sales put spotlight on Fed WRAPUP 3-Weak US consumer prices, retail sales put spotlight on Fed
- June 15, 2017

The retail data, along with May inflation data, give the Federal Reserve the most up-to-date picture of the economy as policymakers finalize their expected decision to hike the central bank's key interest rate on Wednesday and provide guidance about future policy. (more...)
Wonder Woman Crushes The Mummy At The Box Office Wonder Woman Crushes The Mummy At The Box Office
- June 14, 2017

Last weekend , Wonder Woman crushed the $65 million estimate that box office analysts had forecast and launched with a massive $103 million. It's not unusual for big budget films to do two or three times more business elsewhere than domestically, but nearly five times better shows just how little interest U.S. (more...)
Lyft joining forces with Jaguar Land Rover in tech venture Lyft joining forces with Jaguar Land Rover in tech venture
- June 13, 2017

Jaguar Land Rover has disclosed a $25M investment into ride-sharing company Lyft. This is a digital carpool business that provides medical transport of a non-emergency nature. Lyft has similar deals with Alphabet's self-driving unit Waymo , as well as GM, the auto giant which bought self-driving startup Cruise Automation for more than $1 billion. (more...)