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Economy

Bebe Stores Inc.is reportedly the latest mall fixture to fall victim to the e-commerce world. The company is trying to close the locations without filing for bankruptcy, according to the Bloomberg report . Its stock fell 44.48% to $3.57 a share on Tuesday. He remains chairman and chief executive officer of the company, which touts its apparel as fashion for "the confident, sexy, modern woman".
  • Inflation declines by 0.94 % in February

    Inflation declines by 0.94 % in February

    Economy

    According to data released by the Central Statistics Office, retail inflation in food items rose to 2.01 per cent in February, from 0.61 per cent in January. Food prices rose 0.2 percent, the biggest advance since September 2015. Core WPI, which has been increasing since July 2016, declined marginally to 2.42% in February 2017 - it was at 28-month high of 2.67% in previous month.
  • Notable Stock Analysts Ratings Adobe Systems Incorporated (ADBE)

    Notable Stock Analysts Ratings Adobe Systems Incorporated (ADBE)

    Economy

    The stock has a market capitalization of $62.62 billion, a P/E ratio of 54.63 and a beta of 1.06. The relative strength index or RSI highlights overbought (above 70) and oversold (below 30) areas. The company has a 50-day moving average of $118.41 and a 200 day moving average of $109.05. After that transaction, this investor is left with a total holding of 37,124 shares, representing a total investment value of $4689132.44.
  • Volatility Spiking as Shares Ride the Wave: Gerdau SA (NYSE:GGB)

    Economy

    Relative strength index (RSI-14) for Gerdau S.A. (GGB) is at 42.25. Shares have been recorded at -9.11% separated from the 52-week high of 4.39 and +175.17% away from the 52-week low of 1.45. In order to reach an opinion and communicate the value and volatility of a covered security, analysts research public financial statements, listen in on conference calls and talk to managers and the customers of a company, typically in an attempt to capture the findings for a research report.
  • Aritificial intelligence expert Andrew Ng leaves Baidu

    Aritificial intelligence expert Andrew Ng leaves Baidu

    Economy

    My Machine Learning MOOC on Coursera helped many people enter AI. As the founding lead of the Google Brain project , and more recently through my role at Baidu, I have played a role in the transformation of two leading technology companies into "AI companies".
  • Bulls center Robin Lopez slapped with one-game suspension after fight

    Bulls center Robin Lopez slapped with one-game suspension after fight

    Economy

    This incident saw nine players suspended for a combined 146 games and lose 11.5 million USA dollars in salaries. The win vaulted them to within half a game back of third-place Washington in the Eastern Conference. The incident happened with 3:58 seconds left to go in the third quarter after Jimmy Butler hit a three-pointer from the top of the key. The Blazers' guards led the way with 31 from Lillard and 21 from McCollum, but the team had just four of its 21 three-point attempts find the ...
  • Enbridge cutting 1000 jobs after takeover of Spectra Energy

    Enbridge cutting 1000 jobs after takeover of Spectra Energy

    Economy

    In a statement from Enbridge spokesperson Todd Nogier, the company says that the company will be reducing its workforce by 1,000, out of the roughly 17,000 workers that were employed by Enbridge after the February 27th merger. The merged firm's head office is based in Calgary, while its gas pipeline business is based in Houston, and its liquids pipelines business is based in Edmonton.
  • Anantnag LS seat: GA Mir files nomination papers

    Anantnag LS seat: GA Mir files nomination papers

    Economy

    State Congress chief G A Mir, who is the candidate of National Conference-Congress combine, also filed the nomination papers from the seat. Dr. Abdullah called for a united front to foil "the machinations of communal and divisive elements" saying that the spirit of inclusiveness alone can steer Jammu and Kashmir out of the prevailing morass and political instability.
  • US Stocks Rebound After Selloff as Technology Shares Advance

    US Stocks Rebound After Selloff as Technology Shares Advance

    Economy

    Energy is the worst-performing sector this year, falling almost 8 percent. Banks fell with interest rates as the market came off its biggest loss in five months. The Russell 2000 index of smallcap stocks fell 2.71 per cent, its worst day since September. The financial sector has been the best performing of the 11 major S&P sectors since Trump's election, up 18 per cent.
  • Alamos Gold, Inc. (AGI) Closed the Last Trading Session at $8.33

    Economy

    At recent closing price of $93.83, TIF has a chance to give up $-8.42 or -8.97% in 52 weeks, based on mean target price ($85.41) placed by analysts.The analyst consensus opinion of 2.5 looks like a hold. It tells us what percentage of revenue a company keeps after all its bills are paid. The company's stock now has 2.22 Billion in market capitalization.
  • Police Raid Audi Offices, Staff Homes in Continuing Volkswagen Investigation

    Police Raid Audi Offices, Staff Homes in Continuing Volkswagen Investigation

    Economy

    The prosecutor's office noted that the raid involved prosecutors from several jurisdictions and state police from Bavaria, Baden-Wuerttember and Lower Saxony. Audi took a almost $2 billion hit from the emissions scandal and airbag recall. Yesterday, a reporter asked in Volkswagen Group's annual results conference why Audi CEO Rupert Stadler was "still sitting on the podium".