Economy

The stock decreased 0.04% or $0.63 during the last trading session, reaching $1565.5. About 1.95M shares traded. Amazon.com, Inc. (NASDAQ: AMZN)'s performance this year to date is 33.92%. Chemical Bank raised its stake in shares of Amazon.com by 5.0% in the 4th quarter. Investors holded 279.77 million in 2017Q3 but now own 280.02 million shares or 0.09% more.
  • BP profits surge 71 percent amid oil price rally

    BP profits surge 71 percent amid oil price rally

    Economy

    Underlying replacement cost is a measure of profitability used by BP that excludes one-off costs. "We have delivered another strong set of results", said Bob Dudley, BP chief executive. BP's profits leapt by 69 per cent to $2.4 billion in the first quarter as higher oil prices and increased production helped the energy giant beat expectations.
  • On May, 1 Analysts See $0.99 EPS for Merck & Co., Inc. (MRK)

    Economy

    Thanks to the latest 0.1% increase, it now trades at $59.47. MRK has 7.67M shares volume. Since April 30, 2017 MRK has declined 14.94% and is downtrending. ( NYSE : MRK ) has "Overweight" rating given on Monday, September 21 by JP Morgan. Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.12, from 1.06 in 2017Q3.
  • General Electric (GE) Shares Sold by S&CO Inc

    Economy

    Mengis Capital Management Inc who had been investing in General Electric Co for a number of months, seems to be less bullish one the $122.18 billion market cap company. Timber Creek Capital Management Lc invested in 1.04% or 95,750 shares. Fragasso holds 14,736 shares. Bb&T Ltd Llc holds 0.33% or 1.45M shares. Cohen Klingenstein Ltd Limited Liability Company owns 156,881 shares or 0.39% of their U.S.
  • United States annual inflation measures jump; consumer spending picks up

    United States annual inflation measures jump; consumer spending picks up

    Economy

    After raising rates in March, Fed Chairman Jerome Powell and his colleagues are expected to hold policy steady at a two-day meeting starting Tuesday. It now forecasts another two rate rises this year, although an increasing number of policymakers see three as possible. A USA trade delegation is expected to meet Chinese officials in Beijing on Thursday and Friday after weeks of tensions between the world's two largest economies.
  • How Many Union Pacific Corporation (NYSE:UNP)'s Analysts Are Bearish?

    How Many Union Pacific Corporation (NYSE:UNP)'s Analysts Are Bearish?

    Economy

    The stock increased 0.62% or $0.84 during the last trading session, reaching $136.04. About 694,790 shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since April 30, 2017 and is uptrending. Reynolds Shelley had sold 544 shares worth $795,502 on Thursday, February 15. RBC Capital Markets maintained The Hershey Company (NYSE:HSY) on Friday , June 2 with "Hold" rating.
  • Consolidated net of HDFC jumps 29 per cent to Rs 3961 crore

    Consolidated net of HDFC jumps 29 per cent to Rs 3961 crore

    Economy

    The total income of the lender was nearly 13 per cent higher on a Y-o-Y basis at Rs 9,633.89 crore compared to Rs 8,514.51 crore. The non-individual loan book grew at 17 percent. Apart from this, the board of the mortgage lender has also approved non-convertible debentures - both secured and unsecured - up to Rs 85,000 crore on private placement basis, suggested the ET report.
  • ANZ announces boost in profits

    ANZ announces boost in profits

    Economy

    For the first-half, ANZ said cash profit from continuing operations rose 4 per cent to A$3.49 billion for the six months to March 31, helped by a decline in bad debt charges and lower costs. Offsetting this decline, the bank's total provision charge for bad debts fell from $720 million previous year to $408 million, a sign of very few customers defaulting on their loans.
  • Panasonic Charged With FCPA and Accounting Fraud Violations

    Panasonic Charged With FCPA and Accounting Fraud Violations

    Economy

    Headquartered in Lake Forest, California with over 5,000 employees and operations in 80 global locations, it has delivered over 9,000 IFE systems and 2,000 inflight connectivity solutions to the world's leading airlines. PAC labeled the payments as "consultant payments", leading Panasonic to incorrectly record them in its books. PAC also admitted that employees in its Asia region concealed PAC's use of certain sales agents, which did not pass the Company's internal diligence requirements.
  • Major National Telstra 4G Outage

    Major National Telstra 4G Outage

    Economy

    The Aussie Outages website has received up to 3389 reports as of 2:31 pm today, with the bulk of the reports coming in at approximately 1:50pm. Mr Jars said his phone message continued to say that "a network outage was not allowing call".
  • Weekend Box Office: 'Avengers: Infinity War' Scores Biggest Opening Weekend of All

    Weekend Box Office: 'Avengers: Infinity War' Scores Biggest Opening Weekend of All

    Economy

    That topped "The Fate of the Furious ", the eighth installment of the high-octane action series starring Vin Diesel, Dwayne Johnson and Michelle Rodriguez that opened with more than $530 million globally in 2017. Final weekend numbers will be released on Monday. The tentpole debuted to $380 million overseas for a global blastoff of $630 million - almost $100 million more than the previous record holder, Universal's The Fate of the Furious ($541.9 million).
  • EU Chief Negotiator Warns Irish Border Talks Risk Collapse

    EU Chief Negotiator Warns Irish Border Talks Risk Collapse

    Economy

    Ms Foster had earlier in the morning described the particularly mild-mannered former French minister as "aggressive" and "does not understand" the unionist history or position in Northern Ireland . He said while he "profoundly regretted" Brexit, he was "never aggressive" nor did he behave with any "spirit of revenge". Finally, he said the backstop was needed "in order to respect the integrity of the single market and the EU's customs union".
  • Amazon to expand Vancouver tech hub, create 3000 new jobs

    Amazon to expand Vancouver tech hub, create 3000 new jobs

    Economy

    Amazon will move into a new 416,000 square-foot office in Vancouver in 2022 at QuadReal's The Post redevelopment. Amazon now employs around 6,000 people across Canada, with about 1,000 researchers and engineers in Vancouver. ft. office building now being built at 402 Dunsmuir Street. The new operation will be in addition to Amazon's 156,000-square-foot building opened in Vancouver in 2015.
  • Is General Motors Company (GM) Turning to the Corner?

    Is General Motors Company (GM) Turning to the Corner?

    Economy

    Oz Management Lp who had been investing in Ford Mtr Co Del (Put) for a number of months, seems to be less bullish one the $44.79 billion market cap company. Gagnon Securities Llc owns 2.08 million shares or 5.01% of their United States portfolio. During the same period last year, the company earned $1.70 earnings per share.
  • Sprint, T-Mobile announce $26.5-billion merger

    Sprint, T-Mobile announce $26.5-billion merger

    Economy

    This new company would represent more than 90 million retail wireless phone customers in the US, roughly one-third of the market, research firm Recon Analytics said . The all-stock transaction is at a fixed exchange ratio of 0.10256 T-Mobile shares for each Sprint share, or the equivalent of 9.75 Sprint shares for each T-Mobile U.S.
  • Paccar Inc (NASDAQ:PCAR) Sentiment Increased to 1.4, Despite

    Economy

    PCAR underperformed by 12.16% the S&P 500. The decrease is 10.17% according to 2017Q4 SEC filling. The stock has a market cap of $22,625.02, a PE ratio of 15.12, a PEG ratio of 1.18 and a beta of 1.23. The company was upgraded on Tuesday, May 30 by Moffett Nathanson. On Tuesday, January 30 RBC Capital Markets maintained PACCAR Inc (NASDAQ:PCAR) rating.
  • Petroleum prices likely to go up by over Rs3 from May 1

    Petroleum prices likely to go up by over Rs3 from May 1

    Economy

    The Oil and Gas Regulatory Authority (OGRA) had proposed an increase in the petrol prices by Rs. 3.22 per litre, HSD by Rs. 5.02 per litre, LDO by Rs. However, looking at the trend of past seven days, question arises whether the rate hike trend in petrol prices has ended. "Fundamental reasons, to my mind, don't exist for oil prices to go up further from both demand and supply situation", Garg said.
  • How Analysts Rated Shaftesbury PLC (LON:SHB) Last Week?

    How Analysts Rated Shaftesbury PLC (LON:SHB) Last Week?

    Economy

    Cameco Corporation (NYSE:CCJ) has declined 17.95% since April 30, 2017 and is downtrending. Ratings analysis reveals 100% of Guaranty Bancorp's analysts are positive. The average 12 month target price among brokers that have updated their coverage on the stock in the previous year is $11.00. Glencore PLC had 58 analyst reports since October 31, 2017 according to SRatingsIntel.
  • Checchi Capital Advisers LLC Has $5.01 Million Stake in Amazon.com

    Economy

    White Mountains Insurance Group, Ltd. (NYSE:WTM) has declined 8.10% since April 30, 2017 and is downtrending. It has outperformed by 65.23% the S&P500. Inc. It also upped Priceline Grp Inc (NASDAQ:PCLN) stake by 256 shares and now owns 847 shares. Investors sentiment increased to 1.29 in Q4 2017. The company has a current ratio of 1.04, a quick ratio of 0.76 and a debt-to-equity ratio of 0.89.