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Economy

Brent crude rose 31 cents to $63.92 a barrel. That puts the country on track toward its lowest monthly imports since before the Arab oil embargo of 1973. That was the largest weekly average, based on EIA data dating back to 1983 (https://www.eia.gov/dnav/pet/hist/LeafHandler.ashx?n=PET&s=WCRFPUS2&f=W).
  • 12 reasons BuzzFeed is laying off 8% of US employees

    12 reasons BuzzFeed is laying off 8% of US employees

    Economy

    Last month The Wall Street Journal reported that the web publisher expected to miss its revenue goal of around $350 million by between 15 and 20 percent. BuzzFeed has attracted investments including a Dollars 400 million round from NBCUniversal at a valuation of some USD 1.7 billion. New leadership would come as president Greg Coleman transitions to an advisory role.
  • Nasdaq plans to launch Bitcoin futures early next year

    Nasdaq plans to launch Bitcoin futures early next year

    Economy

    Bitcoin, the sizzling hot cryptocurrency, topped $11,000 early Wednesday and is up more than 50% just this month, leaving investors to again ponder the fate of bitcoin ETFs. Earlier in the year, bitcoin was under pressure after regulators from all sorts of countries, including the US, United Kingdom and China, warned about the risks associated with investing in cryptocurrencies.
  • US Third Quarter GDP Bumped Up to 3.3 Percent

    US Third Quarter GDP Bumped Up to 3.3 Percent

    Economy

    Gross domestic product grew at a 3.3 percent annualized rate in the July through September period, an increase from the previous estimate of three percent. The Atlanta Federal Reserve Bank now predicts growth will rise even higher in the final three months of the year to 3.4 percent, though this had not been updated to reflect Wednesday's figures.
  • Chipotle seeks turnaround expert to replace Steve Ells as CEO

    Chipotle seeks turnaround expert to replace Steve Ells as CEO

    Economy

    Last December, Chipotle announced that then co-CEO Marty Moran would leave the company altogether, ending a seven-year co-CEO setup. The search committee at Chipotle tasked with finding a new CEO includes director Robin Hickenlooper, departing CEO Steve Ells and Pershing Square's Ali Namvar.
  • Royal Bank of Canada (RY) EPS Estimated At $1.90

    Royal Bank of Canada (RY) EPS Estimated At $1.90

    Economy

    Earnings per share rose 12% from the year before to C$7.56, helped by lower provision for credit losses. During the same quarter in the prior year, the firm earned $1.58 earnings per share. Finally, Macquarie started coverage on shares of Royal Bank Of Canada in a report on Tuesday, October 24th. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.14.
  • Facebook using AI to expunge terror posts even before they are flagged

    Facebook using AI to expunge terror posts even before they are flagged

    Economy

    It said it is "using pattern recognition to detect posts or live videos where someone might be expressing thoughts of suicide, and to help respond to reports faster". Ryan Calo, a professor at University of Washington who specializes in cyber law and privacy, expressed concern to Reuters over the notion of Facebook scanning comments and posts for harmful activity.
  • Lincoln Brings Back Names With 2019 Nautilus, A Continental-Faced MKX

    Lincoln Brings Back Names With 2019 Nautilus, A Continental-Faced MKX

    Economy

    Parker said the brand chose the name Nautilus, Latin for "sailor", because it fits well with the travel theme evoked by the Navigator SUV and Continental sedan. Confidence assured New for 2019 is a suite of Lincoln-first driver-assist technologies created to inspire confidence and make each journey enjoyable.
  • Heads roll at London Stock Exchange

    Heads roll at London Stock Exchange

    Economy

    The LSE Group said it "believed, and continues to believe" that the previous plan to hunt for a successor to Mr Rolet for his departure by the end of 2018 was "in the best interests of the company". The LSE's leadership row had caught the attention of the Governor of the Bank of England, Mark Carney, who said on Tuesday that he was "mystified" by the tussle.
  • Automation could destroy 73 million jobs in U.S. by 2030

    Automation could destroy 73 million jobs in U.S. by 2030

    Economy

    The authors believe we may see a massive transition on a scale not seen since the early 1900s, when workers shifted from farms to factories. Artificial intelligence and machines have already started spreading rapidly with the push for autonomous driving vehicles, software that responds to inquiries by customers and robots able to man assembly lines, check inventory in stores and flip burgers.
  • Traders Sell Shares of General Electric (GE) on Strength (GE)

    Economy

    The stock is now trading -0.16% away from the 52-week high and separated 36.03% from the 52-week low. About 10,521 shares traded. Phillips 66 (NYSE:PSX) has risen 0.77% since November 28, 2016 and is uptrending. On Friday, May 12 the stock rating was downgraded by Deutsche Bank to "Sell". Jarislowsky Fraser Ltd increased its stake in General Electric Company by 5.5% in the fourth quarter.
  • Dynagas LNG Partners (DLNG) Earns News Sentiment Score of 0.09

    Dynagas LNG Partners (DLNG) Earns News Sentiment Score of 0.09

    Economy

    The C-Score is a system developed by James Montier that helps determine whether a company is involved in falsifying their financial statements. Hoegh Lng Partners Lp now has $581.05M valuation. Teekay LNG Partners L.P. (NYSE:TGP) has a Price to Book ratio of 0.886101. A ratio over one indicates an increase in share price over the period. The Value Composite One (VC1) is a method that investors use to determine a company's value.
  • Arby's Buying Buffalo Wild Wings In $2.9B Deal

    Arby's Buying Buffalo Wild Wings In $2.9B Deal

    Economy

    The company has recently bolstered foot traffic with a half-price deal on wings and has gleaned benefits from investments in delivery. " Buffalo Wild Wings is one of the most distinctive and successful entertainment and casual dining restaurant companies in America", Arby's CEO Paul Brown said in a statement.
  • Activision Blizzard, Inc. (ATVI)

    Economy

    Following the completion of the sale, the chief executive officer now owns 55,509 shares in the company, valued at $3,077,974.05. The Price to Cash Flow for Activision Blizzard, Inc . (NASDAQ: ATVI ). Suntrust Banks invested in 60,143 shares. Toronto Dominion Bank's holdings in Activision Blizzard were worth $21,225,000 at the end of the most recent reporting period.
  • What Next for Tiffany & Co. (TIF) After Forming Ascending Triangle?

    What Next for Tiffany & Co. (TIF) After Forming Ascending Triangle?

    Economy

    The biggest holder now is William R. Chaney who owns 500,000 shares (0.40% of those outstanding), whilst William A. Shutzer holds 172,139 (0.14% of shares outstanding) and Michael J. Finally, KeyCorp reissued a "hold" rating on shares of Tiffany & Co.in a report on Wednesday, October 11th. Insiders have purchased a total of 183,128 shares of company stock valued at $16,299,060 over the last three months.
  • Auris Medical Holding AG (EARS) EPS Estimated At $

    Auris Medical Holding AG (EARS) EPS Estimated At $

    Economy

    Auris Medical said it will terminate early the second trial, ASSENT ( NCT02809118 ), a 300-patient study whose design was similar to the 256-patient HEALOS, except that it was created to measure improvement 91 days after treatment. Throughout the recent session, the prices were hovering between $0.8609 and $0.935. On Friday, June 30 the stock rating was initiated by Roth Capital with "Buy".
  • Jet Airways, Air France-KLM deepen cooperation, extend code

    Economy

    Jet Airways said that air traffic from India is growing and there is an opportunity for all the carriers to grow their share. Jet already does joint purchasing of fuel in Gulf with partners there. Goyal said he is committed to the relationship with Etihad, making a reference to the Hindu marriage tradition of ' saat phere' where a couple takes a vow in presence of a sacred fire.
  • Black Friday Online Sales Surge to New Records With Mobile Pushing Fastest

    Black Friday Online Sales Surge to New Records With Mobile Pushing Fastest

    Economy

    But it's not only where people are shopping that is changing - it's also how people are shopping. "That makes sense. We're all traveling to see our families and we have our phones", she said. One such store was electronics firm Curry's PC World/Carphone Warehouse, whch opened its Oxford Street doors two hours early on Friday morning to find, er, one man waiting outside - and he'd come to pick up a pre-ordered laptop! Despite the promotions and markdowns that shoppers experienced this past ...
  • Volkswagen Tiguan Will Get R-line Appearance Package

    Volkswagen Tiguan Will Get R-line Appearance Package

    Economy

    The Tiguan will show off its new look at the 2017 Los Angeles Auto Show , fitting in well with the major focus on SUVs/crossovers this year. Available on the SEL and SEL Premium versions of Tiguan, the list of equipment is robust. Inside is more badging, natch, as well as a black headliner and some spiffy stainless-steel pedal covers and door sills. R-Line Tiguans pack a turbo 2.0-liter TSI four-cylinder engine that's mated to an eight-speed automatic transmission.
  • Inc. IL Sells 3280 Shares of Express Scripts Holding Company (NASDAQ:ESRX)

    Economy

    Cr Bard Inc now has $24.49B valuation. The AES Corporation (NYSE:AES) shares were trading higher by 0.47 percent ($0.05) at $10.74 a piece in Monday's session. The rating was downgraded by Stifel Nicolaus on Friday, June 24 to "Hold". TrimTabs Asset Management LLC bought a new stake in shares of Express Scripts Holding Company during the first quarter worth $121,000.
  • Apriem Advisors Sells 4494 Shares of Pfizer Inc. (PFE)

    Economy

    Aviance Mngmt Ltd Liability reported 192,740 shares stake. Churchill Management Corp sold 9,149 shares as the company's stock declined 7.81% while stock markets rallied. The shares were sold at an average price of $35.00, for a total value of $1,338,050.00. Two investment analysts have rated the stock with a sell rating, seven have issued a hold rating and thirteen have given a buy rating to the company's stock.
  • Tesla INC (Call) (TSLA) Holding Has Increased by Nokota Management Lp

    Tesla INC (Call) (TSLA) Holding Has Increased by Nokota Management Lp

    Economy

    It has outperformed by 27.73% the S&P500. Insiders have sold 10,741 shares of company stock worth $3,579,311 in the last quarter. Shares of CSX Corporation (NASDAQ:CSX) have seen a movement of -0.47% in the most recent session. JMP Securities initiated the stock with "Market Perform" rating in Monday, December 14 report. Pacific Crest cut Tesla to a "hold" rating in a report on Wednesday, April 5th.