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Economy

The US Supreme Court has allowed President Donald Trump's signature travel ban to come into full effect even as challenges against it continue in the lower courts. Earlier court rulings said that the ban excluded people with "bona fide" relationships with someone in the United States. It signals that some of the justices might be distinguishing the latest version from previous iterations and could be more likely, in the future, to rule in favor of the ban.
  • CME Group self-certifies listing of bitcoin futures contract

    CME Group self-certifies listing of bitcoin futures contract

    Economy

    Cantor Exchange also self-certified a new contract for bitcoin binary options, the commission said. On Friday a United States federal regulator gave the go ahead to the CME Group to start trading bitcoin futures later this month, the first time the digital currency will be traded on a Wall Street exchange and subject to federal oversight.
  • Broadcom to begin 'hostile takeover plans' for Qualcomm

    Broadcom to begin 'hostile takeover plans' for Qualcomm

    Economy

    Broadcom , the United States chip company, has nominated 11 new directors to take their place on Qualcomm's board, as it seeks to step up pressure on the company to enter takeover talks. When Broadcom's offer was first announced, Wall Street analysts mostly liked the deal although there was some skepticism that it would pass regulatory muster.
  • UK Authorities Plan Crackdown on Bitcoin

    UK Authorities Plan Crackdown on Bitcoin

    Economy

    There is a growing concern from the UK Government and its ministers that cryptocurrency, and Bitcoin in particular, is being used to launder money and dodge tax. Its value has climbed by more than 1,000% in the year to date as it became increasingly seen as a financial asset similar to gold rather than a digital currency.
  • National Cookie Day: Free cookie deals and discounts

    National Cookie Day: Free cookie deals and discounts

    Economy

    The new item will cost you $2.99 but today comes with a free milk. The Cookie BonBite wraps a cinnamon roll in a chocolate cookie shell, which sounds simultaneously irresistible and disastrous. According to culinary historians, the first record of cookies were created by accident when cooks used a small amount of cake batter to test their oven temperature.
  • American Airlines Cracks Down on Smart Luggage With Built-In Batteries

    American Airlines Cracks Down on Smart Luggage With Built-In Batteries

    Economy

    Delta and American both said they have made a decision to ban the checking in of smart bags unless passengers can remove the lithium-ion batteries that power them over fears that damaged power sources could overheat and pose a fire hazard. At least one major maker of smart luggage - Away Luggage - says that their batteries are removable. It requires spare uninstalled batteries to travel in carry-on baggage with the passenger.
  • Co-op stores to sell food past its 'best before' date for 10p

    Co-op stores to sell food past its 'best before' date for 10p

    Economy

    East of England Co-op is to cement its reputation for ethical trading by announcing that it is to become the first big United Kingdom retailer to banish so-called " best before " dates, thus saving mountains of food waste from being unnecessarily directed toward landfill.
  • Facebook's new London office to create 800 jobs

    Facebook's new London office to create 800 jobs

    Economy

    Media reports also suggest that the new office will house Facebook's first in-house start-up incubator to help kick-start British digital businesses. The new office is located on Rathbone Place, near London's Oxford Street, and a short distance from previous homes in Euston and Covent Garden .
  • FDA Approves Eighth Biosimilar, First for Cancer Drug Herceptin

    Economy

    We expect Biocon's share of profit to be significant and also expect a large contribution from biosimilars going ahead, said Mazumdar Shaw. Mylan-Biocon's trastuzumab, to be sold under the name Ogivri, is the first biosimilar approved in the US for the treatment of breast cancer or stomach cancer and the second biosimilar approved in the country for cancer treatment, US FDA said in a release.
  • Golden Krust CEO dead at 57

    Golden Krust CEO dead at 57

    Economy

    ET Saturday. Despite his rise from humble beginnings in Jamaica to one of the biggest success stories in the United States, friends and employees say he remained humble and was very generous. Hawthorne left Jamaica for the U.S.in 1981 after other family members made the trip in hopes of finding prosperity. Muschamb said Hawthorne was an inspiration to his countrymen in Jamaica.
  • Crude Oil Steady After OPEC Deal, Rig Count On Tap

    Crude Oil Steady After OPEC Deal, Rig Count On Tap

    Economy

    John Kilduff , founding partner at Again Capital , remarked, "The market is giving the OPEC, non-OPEC accord its due; the Saudi oil minister came across as resolute and determined to see global crude oil inventories reduce". Traders will be paying attention when Baker Hughes releases its US rig count this afternoon. Olivier Jakob , managing director for Petromatrix , said, "It leaves a question mark about the second half of 2018 and about the commitment of Russian oil ...
  • Horizon Investments LLC Has $1.30 Million Holdings in Kimberly-Clark Corporation (KMB)

    Economy

    Kimberly-Clark Corporation (KMB) has made its way to a 12-month gain of 3.59%. It has outperformed by 0.43% the S&P500. Decatur Capital Management Inc increased Kimberly (KMB) stake by 30.05% reported in 2017Q2 SEC filing. Conning has 259,289 shares. Northcoast Asset Mgmt Llc reported 61,401 shares stake. Following the sale, the senior vice president now owns 23,543 shares in the company, valued at $3,016,093.73.
  • Ajo LP Trimmed Its Johnson & Johnson (JNJ) Position as Market Valuation Rose

    Economy

    The firm has "Hold" rating by Piper Jaffray given on Tuesday, July 18. The stock of Johnson & Johnson (NYSE: JNJ ) earned "Hold" rating by Societe Generale on Wednesday, April 6. Johnson & Johnson (NYSE:JNJ) last issued its earnings results on Tuesday, April 18th. RBC Capital Markets downgraded the stock to "Sector Perform" rating in Tuesday, June 20 report.
  • American Tower Corp (AMT) Chairman Sells 34000 Shares of Stock

    Economy

    The stock increased 4.44% or GBX 0.04 during the last trading session, reaching GBX 0.94. About 159,934 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since December 3, 2016 and is downtrending. The firm earned "Buy" rating on Monday, October 16 by Jefferies. Morgan Stanley maintained American Tower Corporation (NYSE:REIT) rating on Tuesday, November 14.
  • Whiting Petroleum Corp. (WLL) Holder Schneider Capital Management Corp Boosted Position

    Economy

    The volume of WLL witnessed a shift from 8.59 million shares, based on a 50-day average, to 5.54 million shares. Investec Asset Management Limited invested 0.06% in Whiting Petroleum Corporation (NYSE:WLL). Proxima Capital Management Llc, a New York-based fund reported 860,000 shares. Shanda Asset Mgmt Hldg Limited has 0.04% invested in Whiting Petroleum Corporation (NYSE:WLL).
  • Are Analysts Bearish Anadarko Petroleum Corporation (NYSE:APC) After Last Week?

    Economy

    About 8.41 million shares traded or 49.17% up from the average. Moreover, Envestnet Asset Mgmt has 0.01% invested in Anadarko Petroleum Corporation (NYSE:APC). Cambridge Associates Llc, which manages about $96.15B and $633.07M US Long portfolio, upped its stake in Vanguard Intl Equity Index F (VWO) by 43,812 shares to 838,891 shares, valued at $34.25M in 2017Q2, according to the filing.
  • First Horizon National Corporation (NYSE:FHN) Sees Volume Pop in Session

    Economy

    Jefferies maintained First Horizon National Corporation (NYSE: FHN ) rating on Monday, July 17. The stock ended last trade at $75.55 a share and the price is up more than 0.56% so far this year. The company was maintained on Tuesday, August 1 by Keefe Bruyette & Woods. The firm has "Strong Buy" rating by Raymond James given on Wednesday, November 8.
  • Amazon.com (AMZN) PT Raised to $1330.00

    Economy

    The shares were sold at an average price of $1,103.53, for a total value of $431,601,618.30. Shikiar Asset Management Inc. now owns 13,016 shares of the e-commerce giant's stock valued at $10,898,000 after buying an additional 231 shares during the period.
  • Merck KGaA (MRK) PT Set at €115.00 by Sanford C. Bernstein

    Economy

    Florida-based Raymond James & Associates has invested 0.01% in NOW Inc. (NYSE:MRK) for 4,554 shares. Seabridge Invest Advsr invested in 250 shares or 0% of the stock. equinet set a €112.00 ($133.33) target price on shares of Merck KGaA and gave the stock a "buy" rating in a report on Thursday, August 31st. "Stock's Decline Is a Reason to Get In Now" published on November 20, 2017, Seekingalpha.com published: "It's A Good Time To Buy Merck" on November 29, 2017.
  • Were Analysts Bearish UnitedHealth Group Incorporated (NYSE:UNH) This Week?

    Economy

    About 3.33 million shares traded or 9.70% up from the average. Receive News & Ratings for UnitedHealth Group Inc Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for UnitedHealth Group Inc and related companies with MarketBeat.com's FREE daily email newsletter.