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Economy

At its latest meeting, the BOJ's board voted 7-2 to keep its target for 10-year Japanese government bond yields at around zero. The BOJ cited the impact of the Fed's moves and other developments in the U.S.as risks. President Donald Trump's policies will spark both growth and inflation. Further increases in US yields would likely put more upward pressure on those in Japan, which could force the BOJ to either increase bond purchases, conduct more fixed-rate buying operations or raise its ...
  • JC Penney at Connecticut Post in Milford Mall to close

    JC Penney at Connecticut Post in Milford Mall to close

    Economy

    Today, J.C. Penney released a list of 138 stores that will close. The company said about 5,000 positions nationwide will be affected by the store closures, which are expected to occur in June. Penney's will be the third of the mall's five anchor stores to close since October 2015, following Best Buy and Macy's. "The corporate decision to close existing stores by retailers like Kmart and JCPenney affects locations nationwide, and it is not necessarily an indication of a poor retail climate ...
  • Hyundai Engineering wins $3.2bn Iran project deal

    Hyundai Engineering wins $3.2bn Iran project deal

    Economy

    Despite the lifting of worldwide sanctions against Iran in January 2016, Iranian officials have complained that remaining USA sanctions have frightened away trade partners and robbed Iran of the benefits it was promised under its 2015 nuclear deal with world powers.
  • Skyworks Solutions Inc (SWKS) Lowered to Hold at Zacks Investment Research

    Skyworks Solutions Inc (SWKS) Lowered to Hold at Zacks Investment Research

    Economy

    Neverthless, we expect strategic design win in IoT, automotive and 5G markets to remain significant positives for Skyworks. Six analysts rating the company a strong buy, twelve analysts rating the company a buy, three analysts rating the company a hold, two analysts rating the company a underperform, and finally one analyst rating the company a sell with a 12-month price target of $81.50.
  • Bebe stores, inc. Exploring Strategic Alternatives

    Bebe stores, inc. Exploring Strategic Alternatives

    Economy

    Bebe Stores Inc.is reportedly the latest mall fixture to fall victim to the e-commerce world. The company is trying to close the locations without filing for bankruptcy, according to the Bloomberg report . Its stock fell 44.48% to $3.57 a share on Tuesday. He remains chairman and chief executive officer of the company, which touts its apparel as fashion for "the confident, sexy, modern woman".
  • How Does Delcath Systems, Inc. (DCTH) Stack Up Right Now?

    Economy

    The company has been one of the biggest innovators in Drug Delivery employing approximately 35 full time employees. (DCTH) is at 28.9. A moving average can help cut down the amount of "noise" on a price chart. The 1 analysts offering 12-month price forecasts for Delcath Systems Inc have a median target of 16.00, with a high estimate of 16.00 and a low estimate of 16.00.
  • Ryanair launches €5 flash sale, but you need to be quick!

    Ryanair launches €5 flash sale, but you need to be quick!

    Economy

    According to a report by the Irish Mirror , travel dates are only available in April and May, meaning you'll need to be just as spontaneous with your vacation planning as you are with your flight booking. You won't be able to make a new booking or change existing flights either. Ryanair spokesman Robin Kiely said: "We sincerely apologise for any inconvenience caused by this upgrade, which will further improve Europe's largest travel website".
  • New Zealand central bank holds rates at 1.75 percent

    New Zealand central bank holds rates at 1.75 percent

    Economy

    According to the RBNZ, house-price inflation has moderated, due in part due to tighter lending conditions, although it is uncertain whether this moderation will be sustained given continued imbalances between supply and demand. Core inflation has been low and stable. He also pointed to an increase in global headline inflation, noting that monetary policy is expected to remain stimulatory.
  • This $100M email scam tripped up two big United States tech companies

    This $100M email scam tripped up two big United States tech companies

    Economy

    The emails were alleged to be from employees and representatives of the suspect's fake Asian company, using fake email accounts. Rimasauskas was arrested by Lithuanian authorities last week. He also "forged invoices, contracts and letters" to deceive the banks he wired the money to around the world which included Latvia, Cyprus, Slovakia, Lithuania, Hungary and Hong Kong.
  • Can Republicans Get Enough Votes To Repeal Obamacare

    Can Republicans Get Enough Votes To Repeal Obamacare

    Economy

    While paying little attention to the details of the House Republican effort, Trump has put considerable effort into shoring up the bill, actively courting conservative lawmakers who say the bill is too similar to Obamacare. Trump told Mr. Meadows during the meeting. The argument has been made before that ObamaCare's regs should be includable in the reconciliation process ; if they are, and suddenly the "essential health benefits" mandated by law went out the window, plans offered under the ...