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Economy

The Federal Reserve has already achieved one of its two mandates: With the unemployment rate at just 4.4 percent, the Fed has essentially maximized employment. The balance sheet was built up with Fed asset purchases, or quantitative easing, during and after the Great Recession. Now, they seek to slowly unwind their positions by being a net seller of securities.
  • Of Nevada Inc. Maintains Stake in Seagate Technology PLC (NASDAQ:STX)

    Of Nevada Inc. Maintains Stake in Seagate Technology PLC (NASDAQ:STX)

    Economy

    Lmr Partners Llp increased Seagate Technology Plc ( STX ) stake by 170.96% reported in 2016Q4 SEC filing. It has outperformed by 90.46% the S&P500. 04/11/2017 - Seagate Technology . was upgraded to "buy" by analysts at Longbow Research. The firm has "Hold" rating by Argus Research given on Friday, April 15.
  • MTA unveils $8 billion subway overhaul plan

    MTA unveils $8 billion subway overhaul plan

    Economy

    In a press conference at MTA headquarters, Lhota ran through a presentation that outlined both concrete fixes and slightly radical changes (removing seats?!?) that the agency hopes to make to the system, along with the all-important cost of implementing those changes.
  • AK Steel beats Street 2Q forecasts

    AK Steel beats Street 2Q forecasts

    Economy

    In the market the company is trading up from yesterday's close of $23.8. The High end of the forecast is $1.45 per share, while the Low end is $0.18 per share. (NASDAQ:PACB), its shares were trading at $3.24 a gain of $0.06, on the trading floor. The correct version of this report can be read at https://www.chaffeybreeze.com/2017/07/25/zacks-analysts-expect-ak-steel-holding-corporation-nyseaks-to-post-0-13-earnings-per-share-2.html.
  • Comprehensive Stock Analysis Of Advanced Micro Devices, Inc. (AMD)

    Economy

    One Trading Limited Partnership owns 2.08 million shares for 0.23% of their portfolio. ANDERSON JAMES ROBERT sold $270,000 worth of stock or 20,000 shares. ( AMD ) has risen 202.65% since July 24, 2016 and is uptrending. It has outperformed by 185.95% the S&P500. (NASDAQ: AMD ). Financial Architects stated it has 0% in Advanced Micro Devices, Inc .
  • Vodafone-Idea merger to be final by 2018

    Vodafone-Idea merger to be final by 2018

    Economy

    The proposed merger between Vodafone India and Idea Cellular is expected to completed by 2018. UK-based Vodafone Group Plc's India unit and Idea, ranked at two and three, respectively, will have nearly 400 million customers and a 41% revenue market share when they merge.
  • Chipotle Mexican Grill (NYSE:CMG) Given News Sentiment Rating of 0.16

    Chipotle Mexican Grill (NYSE:CMG) Given News Sentiment Rating of 0.16

    Economy

    Camelot Portfolios reported 1,912 shares. Hanson Mcclain invested in 0% or 49 shares. Cadence Bancorporation Na owns 3,912 shares. Old Mutual Customised Solutions (Proprietary) Limited, South Africa-based fund reported 200 shares. The stock has a consensus rating of Hold and a consensus price target of $426.97. The firm earned "Sell" rating on Tuesday, July 26 by Stifel Nicolaus.
  • Former VW executive to plead guilty in emissions cheating case

    Former VW executive to plead guilty in emissions cheating case

    Economy

    Schmidt was arrested January 7, 2017 in Florida. Schmidt was charged with 11 felony counts and federal prosecutors said earlier this year that he could face a maximum of up to 169 years in prison. VW has spent more than $25 billion to settle civil and criminal cases related to the diesel emissions scandal. One engineer has pleaded guilty and is set to be sentenced in late August.
  • No entry for driverless cars in India and this is why

    No entry for driverless cars in India and this is why

    Economy

    I am certain on this issue, " he said. The government is planning to open 100 driver training institutes across the country to create more jobs. According to the transport minister, the country has a shortage of around 2.2 million drivers and that that driving skills can provide employment to around five million people.
  • US Consumer Confidence Confounds Experts

    US Consumer Confidence Confounds Experts

    Economy

    Consumer confidence managed to improve in July. The Conference Board on Tuesday said its index of USA consumer confidence rose to 121.1 in July from a revised 117.3 in June, marking the second highest reading since 2000. "Consumers' assessment of current conditions remained at a 16-year high". The median estimate of analysts surveyed by Bloomberg was for a decline to 116.5.
  • Wildfires rage in French tourist hotspots of Provence and Corsica

    Economy

    A further 860 hectares has been ravaged by a blaze in the Vaucluse department in the Provence-Alpes-Cote d'Azur region - close to the tourist resort of St Tropez. Smoke rising from the fire near Biguglia on Tuesday. Roughly 150 firefighters were on the scene with more than 12 fire engines being used as well as three firefighting planes.
  • Lyft teams with Taco Bell, offers new free-taco detour option

    Lyft teams with Taco Bell, offers new free-taco detour option

    Economy

    Taco Mode is only between 9 p.m. and 2 a.m. on those days - prime taco time for anyone who's put back a few that night. The Taco Bell hookup will be available in other areas by the end of the year, and across the USA by 2018. The tie-up includes other components of an "ultimate Taco Bell experience", including custom swag and well as a special in-car menu, and free food giveaways.