Economy

It said consumers were being squeezed between sluggish income growth and rising inflation, and that could be seen in weak retail sales and a sharp fall in new vehicle registrations in April. However, macroeconomic forecasts for both inflation, and wider growth are both likely to see significant changes, with numerous economists speculating that the Old Lady of Threadneedle Street could push up its inflation forecast from a peak of 2.8% to somewhere around 3%.
  • Syrian Kurds Say US Provided Them With Light Weaponry Only

    Syrian Kurds Say US Provided Them With Light Weaponry Only

    Economy

    As Winston Churchill famously said, "You can always count on Americans to do the right thing - after they've tried everything else". The coalition said Thursday that Islamic State had moved its external attack planning operations to Tabqa after their defeat in Manbij in order to avoid coalition airstrikes in Raqqa.
  • Tribune Media agrees to $3.9 billion sale to Sinclair

    Economy

    The total $43.50 per share consideration represents a premium of approximately 26 percent over Tribune's unaffected closing share price on February 28, the day prior to media speculation regarding a possible transaction; approximately 14 percent over Tribune's 30-day volume weighted average closing stock price; and approximately 8 percent over Tribune's closing share price on May 5, the last trading day prior to Monday's announcement.
  • Market Mover Alert: Sirius XM Holdings Inc.'s (SIRI)

    Market Mover Alert: Sirius XM Holdings Inc.'s (SIRI)

    Economy

    Finally, Telsey Advisory Group raised their target price on shares of Sirius XM Holdings from $4.59 to $5.00 and gave the stock a "market perform" rating in a research note on Friday, February 3rd. During the same period in the previous year, the business earned $0.03 earnings per share. The firm's revenue was up 7.7% compared to the same quarter past year.
  • Oasis Petroleum Inc. (NYSE:OAS) Pushing Higher Before Market Open

    Oasis Petroleum Inc. (NYSE:OAS) Pushing Higher Before Market Open

    Economy

    Blackrock has invested 0% in Oasis Petroleum Inc. Over the last 5 years, Oasis Petroleum Inc. has averaged a -28.70% YoY EPS growth rate and a 16.40% revenue growth rate. Stevens Capital Management LP purchased a new stake in shares of Oasis Petroleum during the third quarter worth approximately $135,000. The stock was acquired at an average cost of $14.05 per share, for a total transaction of $210,750.00.
  • Analysts Rating Review: Alibaba Group Holding Ltd (NYSE:BABA)

    Economy

    The firm is scheduled to issue its next quarterly earnings results on Thursday, May 4th. Standpoint Research cut shares of Alibaba Group Holding from a buy rating to a reduce rating in a research report on Thursday, April 20th. GHP Investment Advisors Inc. acquired a new stake in Alibaba Group Holding during the third quarter valued at about $243,000. Ayalon Holdings Ltd. now owns 1,120 shares of the specialty retailer's stock valued at $118,000 after buying an additional 250 shares in the ...
  • Microsoft Unveils Surface Laptop and Windows 10 S for Education

    Economy

    Microsoft has added a new laptop to its growing stable of Surface devices, and it's amazingly thin and fast. "We built Surface Laptop to do two things: refresh the classic laptop form factor that our customers, especially college students, have been asking for; and make a Surface that works seamlessly to showcase the best of Windows 10 S ", Panay wrote yesterday on the Windows blog .
  • Microsoft warns: Ransomware cyber-attack a wake-up call

    Economy

    The webcast, " Prevention of WannaCry Ransomware Threat", explains in detail what exactly a ransomware is and how it asks for ransom through a file on the infected system. The central agency has also advised the installation of relevant "patches" to protect against any data breaches. How to prevent this attack? The hackers remain anonymous for now, but it appears that they are amateurs.
  • Chesapeake Lodging Trust (CHSP) Upgraded at Zacks Investment Research

    Chesapeake Lodging Trust (CHSP) Upgraded at Zacks Investment Research

    Economy

    With all other things going on, RLJ Lodging Trust (NYSE:RLJ) has been on a free fall - declining -10.77 percent in just three months. The firm is expected to announce its next earnings report on Wednesday, August 2nd. The firm earned "Outperform" rating on Friday, July 31 by RBC Capital Markets. The stock had a trading volume of 344,767 shares. Morgan Stanley now owns 3,579,698 shares of the real estate investment trust's stock worth $85,770,000 after buying an additional 851,341 shares ...
  • Ricky Stenhouse Jr For The Win at Talladega!

    Economy

    His Joe Gibbs Racing teammates - Kenseth, Hamlin and Daniel Suarez - also haven't visited Victory Lane in 2017. Dale Earnhardt Jr . waits to get into his vehicle before the Camping World 500 auto race at Talladega Superspeedway , Sunday, May 7, 2017, in Talladega , Ala.
  • Snapchat shares plummet as company posts $2.2 billion loss

    Snapchat shares plummet as company posts $2.2 billion loss

    Economy

    Finally, Oppenheimer Holdings Inc. raised Snap from a "market perform" rating to an "outperform" rating and set a $23.00 target price on the stock in a report on Thursday. Originally launched by Snapchat, the "Stories" feature shows photos and videos shared in chronological order that disappear after 24 hours. On average, equities analysts anticipate that Snap will post ($0.54) earnings per share for the current fiscal year.