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Economy

A senior executive at the Bank for International Settlements has delivered a scathing attack on bitcoin - describing it as a ponzi scheme and environmental disaster - and called on central banks to act against the "invasive" spread of cryptcurrencies.
  • Analyst Earnings Predictions Coverage: Anadarko Petroleum Corporation (APC)

    Economy

    The stock increased 1.13% or $0.64 during the last trading session, reaching $57.49. 18, 2017. These shares are worth $99,974 and were traded at $52.48 each. Tompkins Corporation holds 65 shares. The company's market cap is $32.69 Billion. It operates through two divisions, Business Cloud Services and Digital Media.
  • Investors Burned as Bets on Low Market Volatility Implode

    Investors Burned as Bets on Low Market Volatility Implode

    Economy

    But with the Federal Reserve seen likely to raise short term interest rates again three or four times in 2018, bond yields have been rising, and last Friday's healthy US labour market report sparked fears of rising inflation, leading to Monday's sharp bout of profit taking.
  • USA regulators to back more oversight of virtual currencies

    USA regulators to back more oversight of virtual currencies

    Economy

    The SEC and the CFTC have broad jurisdiction over stock markets and investment products. As many other countries are doing, the cryptocurrency market should be allowed to grow while regulating illegal activities around it. When done properly, ICOs can give entrepreneurs the funding they need to launch a successful cryptocurrency project. Clayton also asserted that most ICOs are classified as securities, and that investors are entitled to the benefits of securities laws.
  • Carillion bosses castigated for not righting 'unsuitable'

    Carillion bosses castigated for not righting 'unsuitable'

    Economy

    It came as a raft of former directors appeared before the joint Business and Pensions Select Committee - and gave conflicting reasons for Carillion's catastrophic deteriorating. The former chairman also offered a grovelling apology. His replacement as finance director, Emma Mercer, who had held other finance roles at the group, said accounting had become more "aggressive" in the years before it collapsed but Mr Khan denied that there had been a concerted effort to take risk.
  • Tesco fraud trial collapses as defendant suffers heart attack

    Tesco fraud trial collapses as defendant suffers heart attack

    Economy

    Judge Deborah Taylor ruled that it would be unfair for the trial to carry on without him, because it could prejudice the jury if the panel was told why he was not in court. The Tesco case centred on its September 2014 announcement to the stock exchange that its profit forecast had been overstated by £250 million, mainly due to booking commercial deals with suppliers too early.
  • Another wild ride for global stock markets

    Another wild ride for global stock markets

    Economy

    The Dow suffered its biggest points loss in history on Monday as it dropped 1,579 points , then managed a meagre rally to close at 1,175 - wiping out all gains that had been made in 2018. These were reinforced by Friday's January U.S. jobs report that prompted worries the Federal Reserve will raise rates at a faster pace than expected this year.
  • Gilead Sciences, Inc. (GILD) Shares Slide on Weak Outlook

    Gilead Sciences, Inc. (GILD) Shares Slide on Weak Outlook

    Economy

    Armistice Capital Llc who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $7.82B market cap company. -Earnings Decline (Y-o-Y): -34.8% -EPS (Q4): $1.78 vs. The stock of Exelon Corporation (NYSE:EXC) has "Buy" rating given on Wednesday, October 11 by Jefferies. As per Friday, December 4, the company rating was upgraded by Goldman Sachs.
  • BC announces changes to ICBC after insurer reports $1 billion loss

    BC announces changes to ICBC after insurer reports $1 billion loss

    Economy

    The Insurance Corporation of B.C. will put a $5,500 cap on pain and suffering payouts for people who sustain minor injuries in a crash, one of a suite of reforms announced by the province's Attorney General today with the goal of preventing rate increases and easing the "financial chaos" faced by the province's public insurer.
  • Grabbing Attentions on Active Move: United States Steel Corporation (X)

    Economy

    III (:CISN), we can see that the average consensus target price based on contributing analysts is now $15. AK Steel Holding Corporation had 82 analyst reports since July 29, 2015 according to SRatingsIntel. The stock was sold at an average price of $40.00, for a total value of $400,000.00. Insiders sold 128,706 shares of company stock worth $4,653,456 over the last quarter.
  • Watch SpaceX send giant Falcon Heavy rocket into space

    Watch SpaceX send giant Falcon Heavy rocket into space

    Economy

    The Falcon Heavy will launch from the historic NASA Kennedy Space Center , near Cape Canaveral, Florida. Two of the boosters were recycled and programmed to return for a simultaneous touchdown in the launch site while the third, brand new, set its sights on an ocean platform some 480 kilometres offshore.
  • The Dow Jones' Worst Point Decline in History

    The Dow Jones' Worst Point Decline in History

    Economy

    Since 1997, there have been 37 of these instances, but the DJI tends to bounce back in a big way afterwards, averaging bigger-than-usual returns one day, week, and month later. Cannabis stocks have had a mind of their own recently, rallying to a 205% gain from November 1, 2017, to January 3, 2018, reacting in part to the interest generated by the January 1 opening of California's legal adult use market.
  • Analyst Buzz: The Coca-Cola Company (NYSE:KO)

    Economy

    The stock increased 2.34% or $2.43 during the last trading session, reaching $106.25. The shares were sold at an average price of $46.15, for a total transaction of $1,072,526.00. Citigroup maintained The Coca-Cola Company (NYSE:KO) on Thursday, April 21 with "Buy" rating . Therefore 55% are positive. Among 24 analysts covering Coca-Cola Enterprises Inc.
  • Analyst's Predictions on Exxon Mobil Corporation (XOM), Sirius XM Holdings Inc. (SIRI)

    Analyst's Predictions on Exxon Mobil Corporation (XOM), Sirius XM Holdings Inc. (SIRI)

    Economy

    Integral Derivatives Llc who had been investing in Xom (Put) for a number of months, seems to be less bullish one the $337.78B market cap company. Insiders have sold 51,357 shares of company stock worth $4,273,910 in the last ninety days. 2,412 shares valued at $200,293 were sold by Wascom Dennis G on Friday, December 15. 500 Moody's Corporation (NYSE:MCO) shares with value of $69,205 were sold by Duffie Darrell.
  • Wall St. set for further losses after historic drop

    Wall St. set for further losses after historic drop

    Economy

    The point drop was the biggest in a single day in the stock market index's history. The leading USA stock market index on Monday closed down 4.6 per cent at 24,345.75, BBC reported . "It's been a insane period and today the market is probably just trying to find some footing", said John Lynch, chief investment strategist at LPL Financial in Charlotte, North Carolina.
  • Analysts Opinions on: Marathon Oil Corporation (NYSE:MRO)

    Economy

    About 155.91M shares traded or 118.30% up from the average. It has outperformed by 29.50% the S&P500. Over the last week of the month, it was -9.88%, 8.68% over the last quarter, and 30.08% for the past six months. Dupont Corporation invested 0.28% of its portfolio in Verizon Communications Inc. Cibc Mkts reported 1.47 million shares. Gabelli Funds Ltd Liability owns 449,500 shares for 0.03% of their portfolio.
  • Tronc Is Selling The Los Angeles Times

    Tronc Is Selling The Los Angeles Times

    Economy

    The $500 million deal comes amid months of turmoil at The Times , including upheaval in the editorial and management ranks. A doctor by trade, Soon-Shiong has feuded with Tronc's leadership since becoming a minority shareholder and taking a 26% stake in the company.
  • Semiconductor firm Broadcom submits $121 billion 'final' takeover bid for Qualcomm

    Semiconductor firm Broadcom submits $121 billion 'final' takeover bid for Qualcomm

    Economy

    The increased stock component would subject the deal to a Broadcom shareholder vote. "Qualcomm and its board now have a tough decision, as this is a compelling offer in our opinion", said analyst Daniel Ives of GBH Insights. Broadcom's antitrust counsel, Daniel Wall of Latham & Watkins LLP, said in a filing with the U.S. Securities and Exchange Commission that Broadcom was willing to sell two Qualcomm businesses to resolve any antitrust problems.
  • USA stocks rise in volatile trade after steep sell-off

    USA stocks rise in volatile trade after steep sell-off

    Economy

    Despite the big swings, Tuesday's trading looked similar to the patterns that have shaped the market for the a year ago: investors bought retailers like Amazon and Home Depot and technology companies, which do better when economic growth is strong.