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Economy

The total market capitalization remained at $1.21 billion. The stock now has a consensus rating of "Buy" and an average target price of $48.24. Finally, Barclays PLC reaffirmed an overweight rating and set a $48.00 price objective (up from $47.00) on shares of Paypal Holdings in a research report on Friday, March 17th.
  • US Federal Reserve keeps key lending rate unchanged

    Economy

    U.S. economic growth slowed to an annual rate of 0.7 per cent for the first quarter of the year and the expectation was that the Fed would hold interest rates steady, after a key measure of inflation showed price increases moderating during March.
  • European markets take Macron's French election win in their stride — FTSE Moves

    European markets take Macron's French election win in their stride — FTSE Moves

    Economy

    The FTSE 100 Index edged up 11.3 points to 7308.8 in afternoon trading, with markets expecting Macron's election following the first round of voting last month. The Chinese trade surplus is now at $38.05 billion, an increase from $23.93 billion during the previous month. Gains among British banking stocks and oil and gas firms underpinned the United Kingdom market, with Barclays and HSBC up 1.1 percent and 0.6 percent respectively.
  • North Korea claims US, South Korea plotted to kill Kim Jong Un

    Economy

    KCNA , which often carries shrill, bellicose threats against the United States, gave lengthy details about the alleged plot but said it could never be accomplished. North Korea's allegations could not be independently confirmed. The U.S. has sent a warship to the region and installed a controversial anti-missile defence system in South Korea.
  • North Korea Accuses CIA Of Plotting Biochem Attack On Kim Jong Un

    North Korea Accuses CIA Of Plotting Biochem Attack On Kim Jong Un

    Economy

    The country's Joint Chiefs of Staff has prepared a system called the Korea Massive Punishment and Retaliation (KMPR) that would involve surgical missile attacks, exclusive special warfare units and an ability to strike North Korea's leadership if South Korea feels threatened by nuclear attack.
  • Crude oil futures up 1.35% on firm global cues

    Crude oil futures up 1.35% on firm global cues

    Economy

    Wall Street was poised to open slightly higher. Brent crude fell below 47 U.S. dollars per barrel (£36.33) in early morning trading to lows not seen since late November, as fears over a global glut caused jitters in the commodity market.
  • Buffett Says Republican Health Plan Sure to Help Wealthy

    Economy

    Berkshire has a sizable stake in United, Delta, American and Southwest, a move Buffett attributes more to characteristics of the industry than to the merits of any one company. "Autonomous vehicles widespread would hurt us", the 86-year-old investor said. Buffett also helped finance 3G's merger of the Burger King and Tim Hortons chains to create Restaurant Brands International Inc.
  • Economy adds 211000 jobs in April

    Economy adds 211000 jobs in April

    Economy

    The report offered a snapshot of an increasingly solid economy. Overall, the US added 211,000 jobs in April compared with a revised 79,000-job gain the previous month. The Dow Jones industrial average and the broader Standard & Poor's 500-stock index both inched up. The April report apparently confirmed the March numbers were something of a blip that did not reflect the underlying strength of the job market.
  • Dar, Jaitley disagree over Chinese projects at Japan event

    Dar, Jaitley disagree over Chinese projects at Japan event

    Economy

    Firms will be allowed to issue bonds, including panda bonds issued by foreign companies in China, to support such projects, he said . Luo insisted that China would not meddle with the sovereignty disputes between India and Pakistan. He commended Prime Minister Narendra Modi's initiatives such as "Make in India, "Digital India", and "Smart Cities". We need to synergise our development strategies and pursue common development", he urged.
  • Sinclair Broadcast Reportedly Closes To Buying Tribune For About $45/shr

    Economy

    A potential deal for Tribune could come as soon as Monday, just weeks after the Federal Communications Commission voted to reverse a 2016 decision that limits the number of television stations some broadcasters can buy. Tribune Media was created in 2014 when then-Baltimore Sun parent Tribune Co. split its television holdings and its newspaper holdings into separate, independent companies.
  • Oil prices rise on expectation of output cut extension

    Economy

    The cuts in production resulted in a significant rally in oil prices , with Brent trading as high as $56 per barrel in February. Analysts are expecting Opec to extend the agreement for another six months when the cartel meets later this month, and there appears to be a consensus emerging among nations involved in the original pact to extend the agreement beyond June, according to Saudi Arabia's Opec governor, Adeeb Al-Aama.