Finance


Drone saves swimmers in 'world-first rescue' Drone saves swimmers in 'world-first rescue'
- January 19, 2018

Lifeguard supervisor Jai Sheridan piloted the drone towards the swimmers , pinpointing their exact location so a rescue pod could be dropped into the water. An unlikely hero saved two teen swimmers on Thursday when a drone dropped a flotation device as the pair were stranded in heavy surf. Lifeguards received a distress signal during the viability testing of a new drone technology in emergency rescue, developed by Little Ripper Life Saver . (more...)
View on wall hasn't changed View on wall hasn't changed
- January 19, 2018

In his tweet, President Trump said he still expected Mexico to pick up the costs, possibly "through longer term reimbursement". It's a push that the White House and Republicans say they would back if it's coupled with tough border security measures and other restrictions. (more...)
Cryptocurrency prices steady with ripple bouncing back 30% after 'severe' sell-off Cryptocurrency prices steady with ripple bouncing back 30% after 'severe' sell-off
- January 19, 2018

Tokyo/London - Bitcoin plunged more than 11% on Wednesday , extending a precipitous downturn in fortunes, with investors spooked by fears regulators might clamp down on an asset the value of which skyrocketed in the past year. Thomas Bertani, CEO of Eidoo, said: "The hypothesis of South Korea banning cryptocurrencies, more than a driving factor, is really just an excuse for the market to rest down for a little bit before continuing with its growth". (more...)
OPEC Reports Oil Demand Rose in 2017
- January 19, 2018

Excluding the U.S. Strategic Petroleum Reserve, inventories are now sitting at 412.7 million barrels, the lowest level since February of 2015. Total petroleum stocks declined by a whopping 13.8 million barrels when factoring in additional dips in supplies of propane, propylene and other oils. (more...)
IBM's revenue rises for the first time in almost 6 years IBM's revenue rises for the first time in almost 6 years
- January 19, 2018

Investors and traders using technical analysis to examine stocks may be interested in taking a look at the ATR or Average True Range. Leucadia National Corporation (NYSE:LUK) has risen 38.50% since January 18, 2017 and is uptrending. International Business Machines Corporation (NYSE: IBM ) yearly performance is 0.45% and net profit margin is 14.40%. The company announced its last quarter financial performance results on 10/17/2017. (more...)
Principal Financial Group Inc. Reduces Position in Marathon Petroleum Corporation (MPC)
- January 19, 2018

Alibaba Group Holding Limited (NYSE:BABA) has risen 57.33% since January 18, 2017 and is uptrending. It has underperformed by 17.65% the S&P500. ( MPC ) stake by 7.78% reported in 2017Q3 SEC filing. Benjamin F. Edwards & Company Inc. grew its holdings in shares of Marathon Petroleum by 18.9% in the fourth quarter. Millennium Ltd Com owns 2.68M shares for 0.18% of their portfolio. (more...)
Weather warning for heavy rain and snow in parts of Sussex Weather warning for heavy rain and snow in parts of Sussex
- January 18, 2018

A weather warning is in place with snow falling across Essex. The Met Office said: "A spell of snow is likely across parts of northern England and southern Scotland on Friday morning". Air travel could also be disrupted as a result. However, forecasting snow is tricky and the forecast will be updated and revised as the day goes on. (more...)
Bank of Canada Raises Benchmark Rate, Warns on Nafta Risk Bank of Canada Raises Benchmark Rate, Warns on Nafta Risk
- January 18, 2018

According to Mortgage Dashboard , the average 5-year fixed rate available through brokers is now 2.94%, up from 2.92% a week ago and well up from 2.58% at this time last year. "Recent data have been strong , inflation is close to target, and the economy is operating roughly at capacity", the bank said in justifying the hike. (more...)
Stick the Kettle On - There's Another Storm Hitting The UK Today Stick the Kettle On - There's Another Storm Hitting The UK Today
- January 18, 2018

MET Eireann has upgraded its wind warning for Galway to status orange as Storm Fionn approaches. Met Eireann has issued two new weather warnings this morning with more snow, cold temperatures and wind on the way. Local authorities urged residents and business owners to remain vigilant should conditions in coastal areas deteriorate. Mean wind speeds of 65 to 80 km/h and gusts of up to 120 km/hr are forecast in those areas as a result of Storm Fionn, with warnings of possible flash ... (more...)
Kimberly Clark Corp (KMB) Shares Bought by Dimensional Fund Advisors LP
- January 18, 2018

Davidson Investment Advisors, which manages about $1.17B and $925.69 million US Long portfolio, upped its stake in Twenty First Centy Fox Inc (NASDAQ:FOXA) by 81,048 shares to 259,209 shares, valued at $6.84M in 2017Q3, according to the filing. (more...)
Anil Ambani presents new strategy to save Reliance Communications Anil Ambani presents new strategy to save Reliance Communications
- January 18, 2018

RCom will also receive investments from private equity companies, helping further reduce debt , Ambani added, without providing details. Reliance Communications (RCom ) has finalised a new resolution plan to reduce its debt by up to Rs 39,000 crore through prepayment and form a new RCom with debt levels under Rs 6,000 crore, company chairman Anil Ambani told the media here. (more...)
Over the last month Bitcoin value has been cut in half Over the last month Bitcoin value has been cut in half
- January 18, 2018

The most recent signs of a regulatory clampdown have come out of Asia, a hotbed of bitcoin trading . The reason for this crash in cryptocurrency market is Beijing plans to block domestic access to Chinese and offshore cryptocurrency platforms that allow centralized trading. (more...)
United Kingdom consumer inflation dips in December United Kingdom consumer inflation dips in December
- January 18, 2018

The Bank of England are, however, anticipating that during the rest of 2018 inflation will fall back towards the 2 per cent target and perhaps average 2 per cent to 2.4 per cent over the course of the year. At 3.00 am ET, the Czech producer price data is due. Higher import costs because of the collapse in the value of the pound has been largely responsible for driving living costs up in 2017. (more...)
Air passenger gets collar felt after wearing his excess baggage Air passenger gets collar felt after wearing his excess baggage
- January 18, 2018

Mr Willaims says he got through check-in and security, but once he arrived at the flight gate, a man told him he wasn't allowed to board because of the incident the day before. Ryan finally reached England on a Norwegian airline flight. The 22-year-old missed his BA flight from Iceland to the United Kingdom, and claims he was also barred from an easyJet plane the next day. (more...)
McDonald's Packaging to Be 100% 'Green' by 2025 McDonald's Packaging to Be 100% 'Green' by 2025
- January 17, 2018

McDonald's , in a bid to polish its reputation, has announced plans to recycle customer trash at all of its 37,000 restaurants by 2025. "Our customers have told us that packaging waste is the top environmental issue they would like us to address", said Francesca DeBiase, McDonald's sustainability officer, in a statement . (more...)
Citi investors go through the tax looking glass Citi investors go through the tax looking glass
- January 17, 2018

President Donald Trump's tax reforms have pushed USA banking giant Citi to a vast $18.3bn (£13.3bn) loss in the fourth quarter of a year ago. Excluding the effects of the tax revamp, the financial giant's net income was up four percent over the same quarter of 2016 at $3.7 billion, or $1.28 per share. (more...)
GE to take $6.2 bln charge in its finance arm GE to take $6.2 bln charge in its finance arm
- January 17, 2018

The stock increased 1.51% or $1.45 during the last trading session, reaching $97.65. About 33,798 shares traded. Monro, Inc. (MNRO) has declined 18.88% since January 16, 2017 and is downtrending. It also upped Fortress Investment Group Llc (NYSE:FIG) stake by 1.29 million shares and now owns 7.77M shares. Therefore 13% are positive. General Electric Company operates as an infrastructure and technology firm worldwide. (more...)
Dow hits 26000 points but loses early gains Dow hits 26000 points but loses early gains
- January 17, 2018

The 30-stock index was boosted by gains in UnitedHealth , Boeing and Merck . The Dow advanced 228.46 points or 0.9 percent to 25,803.19, the Nasdaq climbed 49.28 points or 0.7 percent to 7,261.06 and the S&P 500 rose 18.68 points or 0.7 percent to 2,786.24. (more...)
Airbus to shut down A380 programme if fails to clinch Emirates deal Airbus to shut down A380 programme if fails to clinch Emirates deal
- January 16, 2018

Airbus also admitted on Monday that the future of its A380 super jumbo program is highly uncertain. "If we can not work out a deal with Emirates, I think there is no choice but to shut down the program", John Leahy , the company's chief operating officer, told reporters on Monday. (more...)
Uber used yet another secret tool to evade law enforcement Uber used yet another secret tool to evade law enforcement
- January 15, 2018

In that same vein, three sources told Bloomberg that Ripley had proved useful when foreign police officers showed up without warrants or with warrants that were far from specific. A year after the incident, the judge in the Quebec tax authority's lawsuit against Uber wrote that "Uber wanted to shield evidence of its illegal activities". (more...)
Carillion plunges on reports lenders have rejected its debt restructuring plan Carillion plunges on reports lenders have rejected its debt restructuring plan
- January 14, 2018

Carillion also has major contracts to supply facilities management at 83 military sites in Scotland , as well as a 28-year contract managing the "elderly beds facility" at Glasgow's Queen Elizabeth University Hospital. "You can see that one the one hand, it's in everybody's best interest that Carillion continues, but at the same time it's hard to chart a way forward". (more...)
City garbage routes will not run in observance of MLK Day
- January 14, 2018

We don't believe him. "But since you have the elected leader of our country speaking profanely about people from other places in a way that's really pretty explicit, it becomes, I think, even more important to affirm another stream of values that King represented". (more...)
EPS for Digital Realty Trust, Inc EPS for Digital Realty Trust, Inc
- January 14, 2018

About 868,621 shares traded. Advance Auto Parts, Inc. Travis Perkins plc (LON:TPK) has 0.00% since January 13, 2017 and is. It has underperformed by 15.19% the S&P500. Since August 7, 2017, it had 0 insider buys, and 12 sales for $93.68 million activity. The insider Kite John A sold $341,530. Investors sentiment is 0.83 in 2017 Q3. (more...)
Anti-Walmart Group Unimpressed With Tax Bonuses Anti-Walmart Group Unimpressed With Tax Bonuses
- January 13, 2018

Reports of the warehouse club closures surfaced piecemeal, with five closing in IL and at least three store closures in Houston . While Walmart's announcement might dovetail favorable opinions about the GOP's new tax reform bill, some observers are taking the news of the pay hikes with a grain of salt, since the company also reportedly shut down 63 Sam's Clubs across the country Thursday. (more...)
CES 2018, An Event All About Consumer Electronics, Hit By Major Blackout CES 2018, An Event All About Consumer Electronics, Hit By Major Blackout
- January 13, 2018

A storm system that dumped more than half as much rain as the Las Vegas Valley saw all of previous year also brought with it the wettest January day on record. Toyota Motor Corp announced on Monday a self-driving electric concept vehicle that it will tailor for companies to use for tasks like ride hailing and package delivery, underscoring how automakers are no longer simply building cars but also providing services to go with them. (more...)