Economy

Pictet & Cie Europe SA bought a new stake in shares of Micron Technology during the third quarter worth about $900,000. Depomed Inc now has $590.60 million valuation. 36,080 are held by Thrivent For Lutherans. Since December 22, 2016, it had 0 insider purchases, and 14 selling transactions for $15.14 million activity.
  • Dollar gains as Fed sticks to guns on policy tightening

    Dollar gains as Fed sticks to guns on policy tightening

    Economy

    The rate-hike assumes significance as it is expected to lead foreign portfolio investors away from emerging markets such as India, and is also expected to dent business margins as access to capital from the USA will become expensive. "That is the main reason why the dollar is remaining supported for now", Credit Agricole currency strategist Manuel Oliveri said. The dollar rose to 110.09 from 109.57 yen.
  • ECB Raises Eurozone Growth Forecasts, Trims Inflation Outlook

    ECB Raises Eurozone Growth Forecasts, Trims Inflation Outlook

    Economy

    The European Central Bank on Thursday removed any reference to future interest rate cuts from its policy statement thanks to an improving economic outlook for the region. Spanish 10-year yields hit their lowest since January at 1.47 percent ES10YT=TWEB , and Italian equivalents fell 12 basis points in their biggest one-day slide since December.
  • Kroger cuts full-year profit forecast on higher costs, shares dip

    Economy

    Revenues: Kroger generated total revenue of $36,285 million that increased 4.9% year over year and also came above the Zacks Consensus Estimate of $35,507 million. The company's shares fell about 12 percent to $26.75 in premarket trading and looked set to hit a two-and-a-half year low. One of its most closely watched metrics, identical-store sales, declined 0.2 percent.
  • US factory output fell 0.4 pct. in May as car sales slump

    US factory output fell 0.4 pct. in May as car sales slump

    Economy

    Economists surveyed by The Wall Street Journal had expected the index to rise 0.1% in May. Mining activity however surged 1.6 percent, the second straight month of strong increases, while utilities rose 0.4 percent. Nearly all major industry groups within durables posted declines; within nondurables, a large gain in chemicals outweighed declines in most other industries.
  • William Hill plc's (WMH) "Hold" Rating Reiterated at Shore Capital

    Economy

    Therefore 66% are positive. Adaptimmune Therapeutics PLC had 3 analyst reports since February 25, 2016 according to SRatingsIntel. Numis Securities maintained Supergroup PLC (LON:SGP) rating on Friday, November 6. BLK's profit will be $855.52M for 19.83 P/E if the $5.28 EPS becomes a reality. Korea invested in 215,981 shares or 0.01% of the stock. The stock has an average rating of Hold and an average target price of GBX 211.41 ($2.67).
  • Queen offers prayers for families and tribute to rescuers at Grenfell Tower

    Economy

    Reuters is reporting that planning documents detailing the refurbishment did not refer to a type of fire barrier that building safety experts said should be used when high-rise blocks are being re-clad. British police have confirmed the death toll in the London apartment block fire has risen to 12, with more fatalities expected. Some reports suggested that the fire even engulfed the tower's fire exit, making any rescue efforts extremely hard.
  • Amazon's Dash Wand Leverages Alexa to Speed Up Shopping

    Amazon's Dash Wand Leverages Alexa to Speed Up Shopping

    Economy

    The Amazon Dash Wand is essentially a stick, which sticks to your fridge or any other surface via magnet, or you can use the hook to hang it anywhere. More importantly to those who want to quickly reorder grocery items, Amazon's Dash Wand comes with a built-in barcode scanner. After that, you'll be charged $15 per month.
  • UK prime minister, N Ireland party to hold alliance talks

    Economy

    Talks with the DUP to secure her government broke up on Tuesday night without an agreement, but Mrs May said the discussions had been "productive". " I got us into this mess, and I'm going to get us out ", May told Conservatives MPs, seeking to ward off any challenge to her leadership.
  • Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP) Buckles Under The Trend Lines

    Economy

    Redwood Investments Limited Liability Com has 0.74% invested in Sucampo Pharmaceuticals, Inc. (NASDAQ:SCMP). Suntrust Banks holds 0.01% in Sucampo Pharmaceuticals, Inc. Jefferies initiated the stock with "Hold" rating in Friday, November 20 report. On Thursday, December 22 the stock rating was upgraded by Mizuho to "Buy".
  • Notable Price Swings: Devon Energy Corporation (DVN)

    Economy

    Boeing Co (NYSE:BA) has risen 41.13% since June 14, 2016 and is uptrending. It has underperformed by 3.46% the S&P500. Exchange Capital Management Inc increased its stake in Chevron Corp (CVX) by 145.55% based on its latest 2016Q4 regulatory filing with the SEC.
  • Fed raises key interest rate

    Fed raises key interest rate

    Economy

    The Fed has kept its key interest rate at unprecedented low levels for years in an effort to help the economy recover from the Great Recession. Though the economy is growing sluggishly and inflation remains below the 2 percent target, it foresees improvement in both measures.