Finance


American Greetings Corp (NYSE:AM) 2017 Q3 Sentiment Change American Greetings Corp (NYSE:AM) 2017 Q3 Sentiment Change
- January 28, 2018

Finally, BidaskClub cut shares of American Airlines Group from a "hold" rating to a "sell" rating in a research report on Tuesday, October 31st. (NASDAQ: AAL ) has risen 40.65% since January 25, 2017 and is uptrending. Stephens Inc Ar reported 44,934 shares stake. Bp Public Ltd holds 0.03% of its portfolio in American Airlines Group Inc. (NASDAQ: AAL ) are owned by insiders with -7.99% six-month change in the insider ownership. (more...)
California parents banned from contacting 13 children amid torture charges California parents banned from contacting 13 children amid torture charges
- January 28, 2018

Another relative, Louise Turpin's sister Teresa Robinette, says the children should be cared for by her side of the family. David and Louise, 49, are now facing multiple charges of torture, abuse and false imprisonment that could land them in prison for up to 94 years to life. (more...)
Saudi Prince Alwaleed bin Talal freed after two months of royal detention Saudi Prince Alwaleed bin Talal freed after two months of royal detention
- January 28, 2018

Saudi officials are yet to confirm his release. Billionaire Prince Alwaleed was allowed to return home, family sources said yesterday, more than two months after he was taken into custody in the crackdown. Mr Khaled al-Tuwaijri, head of the royal court under the late King Abdullah, and Prince Turki bin Nasser - who was involved in an arms deal that led to corruption probes in Britain and the United States - were also released. (more...)
Cryptocurrency worth 58 bil. yen disappears from Japan exchange Cryptocurrency worth 58 bil. yen disappears from Japan exchange
- January 28, 2018

When 850,000 bitcoin was taken from that Japanese exchange, it marked the end for the leading digital wallet and the company has since declared bankruptcy. However, the impact on the cryptocurrency market will be much smaller given the vast increases in market capitalization since. In a Tweet , the exchange said that it was considering compensating those who lost money. (more...)
Solar company puts hold on $20M U.S. investment following new tariff Solar company puts hold on $20M U.S. investment following new tariff
- January 28, 2018

The Ohio plant has been reborn as an nearly fully automated operation, daily churning out hundreds of solar panels for a fraction of what it costs rivals to make them. "It's not hypothetical. These were positions that we were recruiting for that we are going to stop". The tariff was imposed at the request of two domestic solar panel manufacturers, Suniva and SolarWorld, which have been struggling recently against cheap solar panels coming from China. (more...)
US economic growth slows in fourth-quarter on surging imports US economic growth slows in fourth-quarter on surging imports
- January 27, 2018

The Commerce Department said the increase in GDP in the fourth quarter reflected positive contributions from consumer spending, non-residential fixed investment, exports, residential fixed investment, and government spending. Business investment in new plants and equipment was also strong, rising at a 6.8 percent rate in the fourth quarter. By the way, do note how the Reuters excerpt above forecasts 3.0 percent growth in 2018, and cites three reasons: A weak dollar, rising oil prices and ... (more...)
Bombardier wins trade dispute in US Bombardier wins trade dispute in US
- January 27, 2018

The decision defied the expectations of both the British government and trade unions in Northern Ireland. The ruling comes as a growing number of USA companies file complaints against overseas rivals, hopeful to win support from the Trump administration. (more...)
Meet KFC's new Colonel Sanders: Reba McEntire Meet KFC's new Colonel Sanders: Reba McEntire
- January 27, 2018

McEntire herself simply tweeted a photo that depicted the singer facing a vanity decorated with the Colonel Sanders getup. "It's part of my story, and I'm so excited to now be part of theirs", said Reba in a press release. She's also "eaten KFC my whole life" because it's "American" and, in her mind at least , "wholesome". "We really look for someone who embodies the values of Kentucky Fried Chicken", said KFC CMO Andrea Zahumensky. (more...)
Oil price hits $71 per barrel for first time since 2014 Oil price hits $71 per barrel for first time since 2014
- January 27, 2018

On Thursday, the contract climbed to as high as $71.28, its highest since 2014. "The continuous fall in USA oil inventories and the prolonged weakness in the US dollar have done the trick", said Tamas Varga, an energy analyst with PVM. The arbitrage "gives the U.S.an incentive to export refined products". "A lot of people looking at the oil market focus 90% of their time on supply", Pavel Molchanov, an energy research analyst at Raymond James in Houston, said by telephone. (more...)
Oil prices hit $65 for first time in years Oil prices hit $65 for first time in years
- January 27, 2018

U.S. West Texas Intermediate crude CLc1 futures for March delivery fell 10 cents to settle at $65.51 a barrel. More than 830,000 United States crude contracts changed hands, far exceeding the daily average of 618,000 contracts over the last 10 months. (more...)
Turpin Dad Is Now Accused Of Kidnapping Wife Turpin Dad Is Now Accused Of Kidnapping Wife
- January 27, 2018

The Turpins were charged Thursday with torture, false imprisonment, and abuse of the children and dependent adults, and they're being held on $12 million bail. "It's a very serious case", he said. "Our clients are presumed to be innocent, and that is a very important presumption". This is despite the fact their children were found malnourished with allegations Mr and Mrs Turpin only fed them once a day and kept them chained up. (more...)
US Imposes New Sanctions on North Korea US Imposes New Sanctions on North Korea
- January 25, 2018

But the USA and other countries have cited continuous violations of the sanctions meant to deter the North's nuclear and missile development programs. Most were based in Chinese cities on the border with North Korea , nearby Russian cities, where they helped arrange shipping of materials and goods to North Korea . (more...)
Mayor De Blasio Will Not Attend Meeting With Trump At White House Mayor De Blasio Will Not Attend Meeting With Trump At White House
- January 25, 2018

Ann Marie Perrotto, a Staten Island woman who lost her 22-year-old son from a prescription opioid overdose in 2011, said it was time pharmaceutical companies were held accountable. De Blasio was set to be among a group of mayors from around the country as part of the U.S. Conference of Mayors. "It is infuriating, it's maddening that we as a society can allow ourselves to get to a position where we have preventable deaths caused by the corporate greed of big pharma", McMahon said. (more...)
Dublin Airport hits record as long-haul flights soar Dublin Airport hits record as long-haul flights soar
- January 25, 2018

A news release Wednesday from Greater New Orleans Inc. credits new flights for the record 12 million passengers boarding and leaving planes at Louis Armstrong New Orleans International Airport. This means that Dublin Airport celebrated its busiest year ever! The daa said the growth in traffic in 2017 came from a combination of 14 new services introduced during the year, and extra capacity on 39 existing routes. (more...)
JGBs tick up after BOJ maintains policy, economic outlook JGBs tick up after BOJ maintains policy, economic outlook
- January 25, 2018

The yen, which had strengthened as the market reacted to the BoJ's view of price expectations, weakened after Kuroda's comments. Core consumer prices rose for the 11th straight month in November and the percentage of households expecting inflation to accelerate hit a almost two-year high in January, adding to signs Japan may be emerging from two decades of deflation. (more...)
Payment Processor Stripe Will End Support for Bitcoin Payments on April 23 Payment Processor Stripe Will End Support for Bitcoin Payments on April 23
- January 25, 2018

These comments are similar to those of Max Keiser who view Bitcoin as a sort of Gold rather than a means of payment: "Dash looks more of a payment service while Bitcoin is more of an asset". And in October, Vietnam banned cryptocurrency payments , with the State Bank of Vietnam declaring that Bitcoin was not a legal payment method from the start of this year. (more...)
Senate Confirms Powell as Next Fed Chairman Senate Confirms Powell as Next Fed Chairman
- January 24, 2018

Powell, a consistent ally of her policies, faces the delicate task of keeping the economy running as he begins his four-year term. In addition to being a Democrat and the first female chief of the United States central bank, Yellen was also a defender of the regulations enacted following the financial crisis - putting her at odds with the current White House's deregulation agenda. (more...)
Trump Imposes 30% Solar Panel Import Tariff
- January 24, 2018

It's part of his pledge to put American companies first. Plus, the tariff isn't permanent - it will decrease incrementally over the next four years to a final tax of 15%. Other solar industry officials believe the tariff will do more harm than good. Trade Minister Kim Hyun-chong described the tariffs as "excessive" and said they may constitute a "violation of WTO provisions". (more...)
Tesla Model S on Autopilot smashed into a firetruck Tesla Model S on Autopilot smashed into a firetruck
- January 24, 2018

A California man was arrested on suspicion of drunken driving after officers found him passed out behind the wheel of his Tesla, claiming he had set the auto on autopilot . "System safeguards were lacking", NTSB Chairman Robert Sumwalt said. In general, it is more hard for a car's radar-based system to detect and respond to a stationary object than a moving one, according to the Insurance Institute for Highway Safety. (more...)
Amazon opens its first ever checkout-free shop Amazon opens its first ever checkout-free shop
- January 23, 2018

While the store has no checkouts - and therefore no one working on them - there are still employees on site. Dr Mortimer said the nature of Amazon forcing customers to sign up to an account could also have a snowball effect on the e-commerce giant capturing new customers across its other platforms such as Amazon Prime. (more...)
International Monetary Fund improves forecasts for world growth in 2018 and 2019 to 3.9% International Monetary Fund improves forecasts for world growth in 2018 and 2019 to 3.9%
- January 23, 2018

This growth percentage will make India among the fastest growing country among emerging economies. The forecast also projected that federal tax revenues will fall more than spending, increasing deficits and acting as a fiscal stimulus that will boost US growth. (more...)
Woman overboard from New Orleans based ship in the Gulf of Mexico Woman overboard from New Orleans based ship in the Gulf of Mexico
- January 23, 2018

A woman aboard a Carnival Cruise Line ship died Friday after falling several decks from the balcony of her cabin. Search-and-rescue operations were underway, Carnival said. "They were taking pictures [and everything]", the woman said in a text message to her mother that was shared with the Herald. His wife reported the 24-year-old missing the morning after his fall, and a 1,300-square-mile Coast Guard search for his body proved futile. (more...)
Crude oil price outlook for 2018 Crude oil price outlook for 2018
- January 23, 2018

The IEA was the latest energy body to lift its estimates for output in 2018 after it said: "This year promises to be a record-setting one for the U.S.". This is the second month running in which OPEC increased its forecast for rival oil supply growth; but balancing its figures was a high compliance rate of 129 percent with regards to the cartel's cutback strategy in December (meaning, more crude was taken off the market ), as well as a drastic decline in production from Venezuela , whose ... (more...)
Mobile wins five of six OpenSignal network awards, AT&T takes latency crown Mobile wins five of six OpenSignal network awards, AT&T takes latency crown
- January 23, 2018

After almost 6 billion measurements, over 230,000 test devices and a duration of three months, T-Mobile has been declared the best U.S. mobile carrier in a new report by OpenSignal . As in our last report, the two leading operators were extremely close in this metric, though T-Mobile barely edged out Verizon for our 4G availability award in the 4th quarter. (more...)
Battling Bournemouth hold West Ham to 1-1 draw Battling Bournemouth hold West Ham to 1-1 draw
- January 22, 2018

West Ham United's James Collins in action with Bournemouth's Ryan Fraser during their Premier League match at London Stadium, January 20, 2018. And while Fraser stole in against the run of play to put Bournemouth ahead - having raced onto a Junior Stanislas pass, beating Zabaleta and firing in at the near post - Hernandez was on hand to equalise after Cheikhou Kouyate flicked on to Hernandez, who headed onto Arnautovic before firing in the loose ball. (more...)