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Finance

News Today tries to breakdown the highlights of the Budget presented on Thursday, by talking to economists, stakeholders and the public. We are moving towards universal health coverage. Railway capital expenditure has been put at Rs 1.49 lakh crore in 2018-19. The MSME account almost 99 percent which file returns, hence this is good news for this industry translating into higher profits.
  • United States trade deficit jumps in December

    United States trade deficit jumps in December

    Finance

    Economists polled by Reuters had forecast the trade deficit rising to $52.0 billion in December after a previously reported $50.5 billion in the prior month. Last year's trade totals aren't likely to soften the US position on the North American Free Trade Agreement. Economists said the rise in the United States trade deficit was mainly the result of higher demand from consumers and companies, showing that the USA economy gathered speed in 2017.
  • Virgin Trains' West Coast mainline rail contract 'set to be extended'

    Virgin Trains' West Coast mainline rail contract 'set to be extended'

    Finance

    Should the East Coast rail service return to government hands it will be the second time in a decade that the line has been renationalised, highlighting the difficulties facing Britain's privatised train network. But yesterday he told MPs that the situation had become "much more urgent" after the operators breached a "key financial covenant". "But it does mean I will need to - in the very near future - end the contract and put in place a successor arrangement to operate this railway".
  • Dubai Airport Still Top For International Passengers

    Dubai Airport Still Top For International Passengers

    Finance

    Dubai airport (DXB) has maintained its No. 1 position as the world's busiest airport for global travel for the fourth consecutive year. Second was the United Kingdom with 6,466,404 passengers, just beating out Saudi Arabia with 6,364,598 on routes.
  • Dow falls 1175 points, largest single-day drop ever

    Dow falls 1175 points, largest single-day drop ever

    Finance

    White House press secretary Sarah Sanders downplayed the stock market drop as a part of a normal seesaw of the market but maintained that the overall direction of the economy under Trump is strong. The Dow's 777-point plunge in September 2008 was equivalent to 7 percent, far bigger than Monday's decline. The broader S&P 500 index also fell as both metrics saw all their 2018 gains erased in one wild Monday.
  • RBA locks in first rates decision of the year

    RBA locks in first rates decision of the year

    Finance

    Of all the areas mentioned above, there's likely to be plenty of scrutiny on the bank's assessment on the recent strength in the Australian dollar , including the implications for inflation and economic growth. On the worldwide economy, there's likely to be a few changes reflecting the recent lift in global bond yields and financial market volatility . "In the meantime, we expect housing market demand to be supported by low mortgage rates and high rates of population growth, despite the ...
  • United Kingdom must tackle 'astonishing' cost of congestion, study says

    United Kingdom must tackle 'astonishing' cost of congestion, study says

    Finance

    Not surprisingly, the most congested traffic in our area is during the morning and afternoon/evening commutes, when drivers are in congestion 23 percent of the time, on roads into and out of D.C. In 2017, the USA moved from fourth place to fifth, tied with Russian Federation, in the global rankings with drivers spending 41 peak hours (i.e.
  • DnB Asset Management AS Grows Holdings in Viavi Solutions Inc (VIAV)

    Finance

    More important recent Viavi Solutions Inc . Institutional investors have recently bought and sold shares of the stock. Viavi Solutions Inc . (NASDAQ:VIAV) has risen 77.76% since February 4, 2017 and is uptrending. Following the sale, the senior vice president now directly owns 27,629 shares in the company, valued at $247,832.13. The disclosure for this sale can be found here.
  • Shares in Digital Realty Trust, Inc. (DLR) Acquired by Advisor Partners LLC

    Finance

    Wills Finance Group Inc has invested 0.18% in Digital Realty Trust, Inc. (NASDAQ:EXPO) to report earnings on February, 7. It has underperformed by 14.23% the S&P500. Since August 14, 2017, it had 0 buys, and 6 insider sales for $39.76 million activity. Profund Advsrs Ltd Liability Company reported 0.07% in Digital Realty Trust, Inc.
  • BJP joins hands with NDPP for Nagaland assembly poll

    BJP joins hands with NDPP for Nagaland assembly poll

    Finance

    An election where the fight should have been seen and understood in terms of wooing the voters to cast their vote for the candidate of their political party has now become some sort of a bone of contention between those who stand by the "Solution before Elections" call and those who back the stand that the election is another way to take the talks closer to the final pact.
  • Why rising bond yields causing pain to stocks

    Why rising bond yields causing pain to stocks

    Finance

    Trump has frequently taken credit for the rise of the stock market during his presidency, though the rally and economic recovery was well underway during the Obama administration. The opportunity cost is nothing but the cost of next best alternative - the cost of foregoing one investment option in favour of the other; in this case, the difference between returns offered by equity and, say, bonds.
  • Stocks plunged. That doesn't mean the economy is in trouble

    Stocks plunged. That doesn't mean the economy is in trouble

    Finance

    Market professionals warn that the selling could continue for a bit. Some experts say those that should worry about the stock market probably don't care because they're not saving for retirement- and that's a bigger concern. MARKET INSIGHT: "The trigger point was the US and the interest rate fears", said Jackson Wong, an associate director at Huarong International Securities.
  • Aussie Falls as RBA Keeps Rates Steady

    Aussie Falls as RBA Keeps Rates Steady

    Finance

    Given those not-so-lofty expectations, it means all interest will fall on the accompanying monetary policy statement, particularly what the bank has to say about the Australian dollar , along with the outlook for inflation , wage pressures and the broader Australian economy .
  • New Jersey Joins Multi-State Suit Over Net Neutrality Repeal

    New Jersey Joins Multi-State Suit Over Net Neutrality Repeal

    Finance

    Murphy's order mandates that providers who work with the state uphold net neutrality rules. "As a state, New Jersey can not unilaterally regulate net neutrality back into law or cement it in state regulation, however, as a major purchaser of internet services, state government will follow (FCC Chairman Ajit Pai's) wishes and exercise our power as a consumer to make our preferences known".
  • Bitcoin dipped below $6000 for the first time since November

    Bitcoin dipped below $6000 for the first time since November

    Finance

    Listing the headwinds for cryptocurrencies such as Bitcoin would simply take too long, so in this article I'll focus on only one: the permeable nature of cryptocurrency exchanges and the risks cyber-crime have on this sector. Bitcoin so far seems to be struggling to live up to any comparison with gold as a store of value, which is an argument made by some of its supporters.
  • Best Buy Will Stop Selling Music CDs July 1

    Best Buy Will Stop Selling Music CDs July 1

    Finance

    Billboard reports an 18.5% drop in the a year ago alone. If you still buy music on CD, your might soon have trouble finding it. There is absolutely a benefit to having access to almost anything you'd like to listen to for a small monthly fee.
  • Tata Motors back in black as sales rise

    Tata Motors back in black as sales rise

    Finance

    Consolidated revenue from operations grew to ₹74,337 crore against ₹65,110 crore in the December quarter in 2016. Tata Motors invested Rs 10.21 billion in products, platforms, and technologies during the quarter in its domestic business.
  • The Five Greatest Goals Cristiano Ronaldo Has Scored So Far

    The Five Greatest Goals Cristiano Ronaldo Has Scored So Far

    Finance

    Not many know the fact that Ronaldo is the first player in history to win four European Golden Shoes. Ahead of that match, PSG captain Thiago Silva has been speaking about both Ronaldo and Messi to French publication Le10 Sport . "The little difference between them is that Messi, with the ball, one on one, or even against two, is hard to stop", he added. In Silva's opinion, Messi just edges a man with whom he has shared 10 Ballon d'Or awards , with the Argentine forward proving ...
  • Bon-Ton Files For Chapter 11 Bankruptcy

    Bon-Ton Files For Chapter 11 Bankruptcy

    Finance

    TRADEMARK VIOLATION WARNING: "Bon-Ton Stores (BONT) Lifted to "Sell" at ValuEngine " was originally posted by TrueBlueTribune and is the sole property of of TrueBlueTribune. Bon-Ton is asking the court to allow it to retain the authority to pay employee wages and benefits, and to pay vendors. Neil Saunders, managing director of GlobalData Retail, believes that while the failure of large chains is an exceptional event, Bon-Ton's fall into bankruptcy comes as little surprise.