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Economy

Supreme Court nomination from a sitting U.S. President who was a Democrat". Though he obfuscated and evaded on many questions put to him during his confirmation hearing, all indications are that he will vote most often with the court's conservative bloc of justices, providing a fifth vote for a conservative majority in 5-4 cases.
  • Chip equipment stocks surge after strong Lam Research, ASML results

    Chip equipment stocks surge after strong Lam Research, ASML results

    Economy

    Blackrock Ltd stated it has 0.09% in Lam Research Corporation (NASDAQ:LRCX). The insider Anstice Martin B sold 16,000 shares worth $1.88M. On Monday, October 5 the stock rating was downgraded by RBC Capital Markets to "Underperform". He also lifted his EPS expectations from $9.27 to $9.86 for fiscal year ending June 2017. Stockholders of record on Wednesday, March 8th were issued a $0.45 dividend.
  • Hot Stock Overview: eBay Inc. (EBAY)

    Hot Stock Overview: eBay Inc. (EBAY)

    Economy

    This rating was issued on 4/12/17. eBay Inc. ( EBAY)'s distance from 200 day simple moving average is 10.22 percent, its distance from 50 day simple moving average is 1.31 percent, while its distance from 20 day simple moving average is 0.62 percent.
  • Jefferies Group LLC Reiterates Buy Rating for Textron Inc. (TXT)

    Economy

    State Street Corp raised its position in Textron by 9.3% in the fourth quarter. The stock declined 2.24% or $1.06 reaching $46.28 per share. Backlog at the aviation business, Textron's second-biggest business in the first quarter, was $1 billion, about flat from a year earlier.
  • Former NFL star Hernandez found dead in prison

    Economy

    Hernandez and Jenkins have a 4-year-old daughter, Avielle Janelle Hernandez. From there, details started to come to the surface of a dark past filled with violence and drugs, stemming from his days in his hometown of Bristol, Connecticut that Hernandez couldn't leave behind.
  • Bank of America profit tops estimates

    Economy

    But investors also changed their positions around recent Federal Reserve interest rate hikes and the possibility of several increases in the future, boosting trading revenue for big USA banks. Investment-banking revenue rose 37 percent to $1.58 billion, compared with analysts' $1.41 billion estimate. Expenses rose less than 1 percent to $14.8 billion, higher than expected, while the firm's efficiency ratio weakened about 1 percentage point to 66.15 percent.
  • American Express profits fall 13 percent, but tops forecasts

    American Express profits fall 13 percent, but tops forecasts

    Economy

    Chenault said the quarter's results make him confident the company can hit its target for earnings of $5.60 to $5.80 a share for the year. Analysts on average had estimated a profit of $1.28 per share, according to Thomson Reuters I/B/E/S."Card Member spending grew 8 percent, adjusted for changes in foreign exchange rates and Costco-related business that was included in the prior year", Chief Executive Kenneth Chenault said in a statement .
  • The GKN plc (GKN) Rating Reiterated by Liberum Capital

    Economy

    The firm's market capitalization is GBX 4.47 billion. The Firm focuses on closed-end fund investments. The Firm is involved in researching and developing plazomicin, its lead product candidate, for the treatment of serious bacterial infections, including complicated urinary tract infection (cUTI), blood stream infections and other infections due to MDR Enterobacteriaceae, including carbapenem-resistant Enterobacteriaceae (CRE).
  • Rain slows area corn planting

    Rain slows area corn planting

    Economy

    Many Midwest states are behind last year's planting pace, Figure 1. So it's really going to lean more on how planting goes for the USA, how many acres we get and how the rest of harvest goes for Argentina. For soybeans , a monthly report showed that US processors crushed fewer soybeans than expected during March. "Central and eastern counties continued to receive rainfall, while most western counties remained dry".
  • Jimmy Kimmel Bumps Matt Damon In Spoof United Ad

    Jimmy Kimmel Bumps Matt Damon In Spoof United Ad

    Economy

    A little bit more than a week ago, a video of a United passenger being violently dragged off of a flight went viral and sparked outrage across the world. David Dao. "We're people dammit, and we deserve to be treated with dignity", he said. Kimmel then interrupted Damon's speech by inviting his audience to "fly the friendly skies..." Damon, however, can be heard yelling in the background as he's thrown out by Kimmel, 49.
  • British chancellor welcomes International Monetary Fund upgrade of economic growth for 2017

    Economy

    The organization's outlook for Canada is lower than the Bank of Canada's. Advanced Asia (Japan, Korea, Australia, Taiwan, Singapore, Hong Kong, New Zealand) will likely grow by 1.9 percent this year and 1.6 percent in 2018, while emerging and developing Asian countries which includes ASEAN-5, China and India, are seen to grow by 6.4 percent for the two years, same growth it recorded in 2016.
  • Chipmaker Qualcomm's revenue falls 9.6 percent

    Chipmaker Qualcomm's revenue falls 9.6 percent

    Economy

    Qualcomm ( QCOM ) is set to report earnings for the second fiscal quarter of 2017 after Wednesday's market close amidst ongoing lawsuits with tech giant Apple (AAPL), as well as the Federal Trade Commission. Specifically, Qualcomm says Apple's suppliers have "withheld ~$1 billion from their payments" over royalties for sales activity in the December quarter alone.