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Economy

One area of growth the company is focused on is Android . Snap posted a net loss of $350 million, or 28 cents per share, compared to a loss of $170 million, or 20 cents per share, a year earlier. Analysts at Raymond James predict Snap's stock-based compensation this year will be $900 million, with the number falling to $850 million in 2019.
  • Sensex falls 550 points, Nifty near 10400 in opening trade

    Sensex falls 550 points, Nifty near 10400 in opening trade

    Economy

    HPCL (-3%), Aurobindo (-2.7%), ICICI Bank (-2.6%), Axis Bank (-2.5%) and Tech Mahindra (-2.4%) were the top losers in today's trade. For the quarter ended December 31, profit was Rs 1294 crore ($200.99 million), compared with Rs 243 crore in the same period a year earlier, the steelmaker said in a statement.
  • Wall Street plummets; S&P, Dow confirm correction

    Wall Street plummets; S&P, Dow confirm correction

    Economy

    The Dow finished down 4.6 percent at 24,345.75. In the end, the S&P 500 sank 3.8 per cent, taking its rout since a January 26 record past 10 per cent to meet the accepted definition of a correction. Rising interest rates, another commonly cited culprit pressuring stocks this week, were bouncing around Thursday with the closely-tracked 10-year yield rising to 2.86% in the morning before moving back down to 2.82% as stocks sold off.
  • European Stock Markets In Jittery Recovery

    European Stock Markets In Jittery Recovery

    Economy

    If you are planning on retiring in the next couple of months, you will have a slightly smaller pension pot than you did at the start of the year. The stock selloff had been viewed by some as a healthy correction following their rapid rise over the a year ago but, as it snowballed through Asia and then Europe, nerves were starting to fray.
  • Goodbye, Starman: Floating Tesla Roadster Now Heading Toward The Asteroid Belt

    Goodbye, Starman: Floating Tesla Roadster Now Heading Toward The Asteroid Belt

    Economy

    Tesla said in November that Tesla was "well capitalized" for the delayed Model 3 production schedule. To access this content simply register belownow. Some analysts had predicted that sales of the Model 3 would cannibalize sales of the more expensive vehicles. The niche carmaker has made inroads among luxury auto buyers with the advanced technology and innovative design in its Model S sedan and Model X SUV.
  • Kallis, Smith hit Swiss Alps for T20 ... in the snow!

    Kallis, Smith hit Swiss Alps for T20 ... in the snow!

    Economy

    He smashed four fours and five sixes to hit an impressive fifty, which eventually went in vain when his bowlers failed to contain Afridi-led Royals batsmen. It will be the first time when worldwide superstars will play cricket on ice. Several retired cricketers, including India's Ajit Agarkar and Ramesh Powar, Sri Lanka's Lasith Malinga, South African Graeme Smith and Pakistani Shoaib Akhtar, are taking part in the two matches.
  • Sterling jumps as Bank of England sees rates rising sooner

    Sterling jumps as Bank of England sees rates rising sooner

    Economy

    So this would boost the British economy and, in turn, increases inflationary pressure. The prospect of faster-than-expected rate increases in the United States was a significant factor behind the market correction seen at the beginning of this week.
  • US Market Indexes Lower Wednesday

    US Market Indexes Lower Wednesday

    Economy

    The US indices ended the trading session on red territory. We had one solid up day and the second day looked like it might be an up day and then it sold off into the close. Martin, of Globalt Investments, said he did not see anything specific moving the market lower Thursday. The market's pullback came with concerns about rising bond yields and higher inflation, reinforced by Friday's January U.S.jobs report that prompted worries the Federal Reserve will raise benchmark interest rates at a ...
  • Dow plunges more than 1000 points, falls into correction territory

    Dow plunges more than 1000 points, falls into correction territory

    Economy

    Algorithmic trading, which involves computers following a program, are, he said, "battering the key levels forcing the market lower each time". He said that the signs of inflation and rising rates were not as bad as they looked, but after the market's big gains in 2017 and early 2018, stocks were overdue for a drop.
  • Array BioPharma Inc. (ARRY) CFO Jason Haddock Sells 7500 Shares

    Economy

    The stock has been active on the tape, now trading at $17.55, up from yesterday's close by 7.80%. Watsco, Inc. (NYSE:WSO) has risen 8.75% since February 8, 2017 and is uptrending. Investors are definitely paying attention to what analysts over at Wall Street are now thinking about the shares of Great Plains Energy Incorporated Looking further into the current agreement on broker rating, it is very clear that the ABR stands at 3.86.
  • Dow down 1000 points as USA stock market plunges again

    Dow down 1000 points as USA stock market plunges again

    Economy

    The Dow posted a 2.3% increase, its biggest daily percentage gain since January 29, 2016, while the S&P 500 rose 1.7%, its biggest one-day gain since November 7, 2016, the day before the election of Donald Trump as president. Corrections of up to 15 percent "are normal", said Oliver. Fears about inflation have fueled concerns about the outlook for the economy that is dogging both stocks and bonds alike, with the 10-year Treasury note pulling back from an early yield around 2.88%, presently ...
  • (NYSE:MRK) EVP Sells $770375.00 in Stock

    Economy

    Causeway Capital Management Llc increased Glaxosmithkline Plc (GSK) stake by 29.61% reported in 2017Q3 SEC filing. The institutional investor held 121,166 shares of the computer manufacturing company at the end of 2017Q3, valued at $18.67 million, up from 114,039 at the end of the previous reported quarter.
  • A Few Positives and Negatives for NXP Semiconductors NV (NXPI)

    Economy

    Oracle Corporation (NYSE:ORCL) has risen 14.08% since February 6, 2017 and is uptrending. It has outperformed by 1.56% the S&P500. Fort Point Capital Partners Llc decreased its stake in Nxp Semiconductors N V ( NXPI ) by 71.63% based on its latest 2017Q3 regulatory filing with the SEC.
  • Research Ratings: McDonald's Corporation (MCD), AECOM (ACM)

    Economy

    About 697,249 shares traded. The Earnings to Price yield of McDonald's Corporation (NYSE: MCD ) is 0.042117. It has outperformed by 1.55% the S&P500. Utd Cap Fincl Advisers Lc accumulated 442,424 shares. Spinnaker Tru holds 0.25% or 12,784 shares in its portfolio. Bath Savings holds 0.16% of its portfolio in WEX Inc.
  • John Kirchmann Buys 6900 Shares of Investors Real Estate Trust (IRET) Stock

    Economy

    It has outperformed by 25.58% the S&P500. Alexandria Real Estate Equities (NYSE:ARE) last issued its quarterly earnings results on Monday, January 29th. Schwab Charles Investment Management Inc. boosted its holdings in shares of Investors Real Estate Trust by 9.5% in the second quarter. The firm earned "Buy" rating on Monday, March 21 by Deutsche Bank.
  • Shares in Tesla Inc (NASDAQ:TSLA) Purchased by Price Wealth Management Inc

    Shares in Tesla Inc (NASDAQ:TSLA) Purchased by Price Wealth Management Inc

    Economy

    In the last 90 days, insiders have sold 11,967 shares of company stock worth $3,817,242. The stock rose 2.3 percent to $352.89 as of 5:54 p.m.in NY, after the close of regular trading. Abbott Labs (NYSE:ABT) was reduced too. Jurvetson Stephen T sold $15.24 million worth of stock or 44,777 shares. A number of analysts have recently weighed in on TSLA shares.
  • Boston Partners Increases Position in Owens-Illinois Inc (OI)

    Economy

    Vanguard Group Inc owns $377.24 million in Owens-Illinois, Inc., which represents roughly 9.95% of the company's market cap and approximately 11.14% of the institutional ownership. The stock has "Hold" rating by RBC Capital Markets on Tuesday, October 17. At the end of 09/30/2017 reporting period, 178 institutional holders increased their position in Owens-Illinois, Inc.
  • Active Mover - The Goodyear Tire & Rubber Company (NASDAQ: GT)

    Active Mover - The Goodyear Tire & Rubber Company (NASDAQ: GT)

    Economy

    The company's stock had a trading volume of 2,488,357 shares, compared to its average volume of 2,931,159. About 2.76M shares traded. The stock increased 0.63% or $0.88 during the last trading session, reaching $139.76. About two-thirds of Goodyear's raw materials are oil-based derivatives and the 19 percent rise in oil prices in the past year has weighed on the company's expenses.
  • Assetmark Inc. Has $30.97 Million Position in Home Depot Inc (HD)

    Economy

    It has outperformed by 1.95% the S&P500. Picton Mahoney Asset Management increased Logmein Inc (LOGM) stake by 4.26% reported in 2017Q3 SEC filing. The hedge fund run by Peter Muller held 81,903 shares of the consumer services company at the end of 2017Q3, valued at $4.06 million, up from 49,800 at the end of the previous reported quarter.
  • Tesla Posts Narrower-Than-Expected Q4 Loss

    Economy

    Tesla's revenue for the quarter was up 43.9% compared to the same quarter last year. equities analysts anticipate that Tesla will post -11.38 EPS for the current year. Tesla ended the fourth quarter with $3.37 billion in cash, just below the $3.5 billion in the previous quarter, which had been boosted by a $1.8 billion debt sale.