Economy

Unsurprisingly, the head of the Australian bankers' Association dubbed the new tax to be: "a direct attack on jobs and growth", but he will garner little sympathy outside of banking circles. Australia's banks are credited with having avoided the worst of the global financial crisis thanks to being well-managed and well-regulated. "We are not sending lawyers around the country for three years, we are acting now", the Treasurer said, in reference to a Royal Commission.
  • Census Bureau Chief John Thompson Steps Down

    Census Bureau Chief John Thompson Steps Down

    Economy

    The Census Bureau did release a statement where Thompson said that leaving now will allow Commerce Secretary Wilbur Ross "sufficient time to put the proper leadership in place to guide the Census Bureau through the 2020 Census". He said he didn't believe Thompson had been pushed out, given that there is no clear successor to step in. The news, which surprised census experts, follows an April congressional budget allocation for the census that critics say is woefully inadequate .
  • US stocks close mixed on weak retail earnings

    US stocks close mixed on weak retail earnings

    Economy

    On Thursday, Macy's reported earnings of 23 cents per diluted share, compared with 37 cents per diluted share in the first quarter a year ago. The Russell 2000 index dropped 7 points, or 0.5 percent, to 1,382. Shares of Real Industry Inc ( NASDAQ: RELY) got a boost, shooting up 27 percent to $3.10 following Q1 results. The biggest loss in the S&P 500 came from Nordstrom, which plunged $5.01, or 10.8 percent, to $41.20 after it said a key sales figure weakened last quarter by more than ...
  • WGA set to drop strike action

    Economy

    The negotiations between the AMPTP and WGA have centered on increasing contributions to the Writers Guild healthcare plan, which is dangerously close to becoming insolvent. Members overall will net $130 million more over the contract's life than they were expected to accept, according to the memo. For consumers, the immediate effects of a strike would have been visible first in late-night television, sidelining programs hosted by Jimmy Fallon, Stephen Colbert, Samantha Bee, and Jimmy ...
  • Australia hits banks with higher taxes to bring budget back into black

    Australia hits banks with higher taxes to bring budget back into black

    Economy

    Infrastructure received a boost with the government injecting up to $5.3 billion into the new Western Sydney airport and $8.4 billion for the 1700km Melbourne to Brisbane inland rail project. Scott Morrison has held out the hope of personal tax cuts as Labor attacked his second budget for effectively giving a tax break to millionaires and big business while slugging everyone with an increase in the Medicare levy.
  • Wpp Plc (WPP) Stock Rating Reaffirmed by Barclays PLC

    Economy

    With 101,600 avg volume, 11 days are for Corenergy Infrastructure Trust N (NYSE:CORR)'s short sellers to cover CORR's short positions. The SI to Xencor Incorporated's float is 5.75%. Therefore 36% are positive. RELX PLC has a 52-week low of 16.19 and a 52-week high of 21.07. Interserve had 74 analyst reports since August 3, 2015 according to SRatingsIntel.
  • Buzzer within Traders Radar: Northern Dynasty Minerals Ltd.'s (NAK)

    Buzzer within Traders Radar: Northern Dynasty Minerals Ltd.'s (NAK)

    Economy

    From the opening price, the stock has seen a change of -21.49% recently clocking in with a price of $1.90. Over the past twelve months, Northern Dynasty Minerals Ltd. The stock has Return on Assets (ROA) of -18.3 percent. That said, the resolution with the EPA is just one step in a long process before the company can ever turn Pebble's mineral riches into cash flow for shareholders.
  • Nawaz leaves for China to attend Belt and Road Forum

    Economy

    Chinese media coverage of the two-day Belt and Road Forum, due to kick off on Sunday, has been relentlessly upbeat. Chinese President Xi Jinping in 2013 unveiled an ambitious economic and foreign policy - the "Silk Road Economic Belt" and "21st Century Maritime Silk Road".
  • Jones' prayer quip follows tough draw

    Economy

    You can look in two ways - it's a hard pool or it's a great pool - but you've just go to get through it. "You've got to be good enough to win those games or you can't expect to win a World Cup", Jones said. Scotland beat Japan in a match played just four days after that historic triumph over the Springboks, and the Japanese just failed to get out of the pool.
  • TripAdvisor sees recovery in per user revenue, shares jump

    TripAdvisor sees recovery in per user revenue, shares jump

    Economy

    Several other equities analysts have also recently commented on the stock. Finally, Zacks Investment Research lowered shares of Tripadvisor from a hold rating to a sell rating in a report on Tuesday, February 7th. Over the last 5 years, TripAdvisor , Inc. has averaged a -9.20% YoY EPS growth rate and a 18.40% revenue growth rate. TripAdvisor has partnered with GrubHub to integrate the food delivery site's extensive restaurant network into its desktop web, mobile web and mobile app ...
  • Two civilians killed, 3 injured in Pak shelling along LoC

    Economy

    Fourteen families from border villages in the Naushera sector left their homes on Friday following indiscriminate shelling by Pakistani troops. India accuses Muslim Pakistan of supporting separatist insurgents fighting security forces in Indian Kashmir.