Markets

Moody's downgrades China's credit rating from Aa3 to A1

Hong Kong's finance chief said on Thursday that he strongly disagrees with Moody's decision to cut the territory's credit rating following a sovereign debt downgrade on China . At the same time, Moody's has changed to stable from negative the rating outlooks of 24 out of the 26 GRIs and rated subsidiaries. The downgrade could raise the cost of borrowing for the Chinese government. [Full Article...]

RSP Permian Inc (RSPP) Expected to Announce Quarterly Sales of $200.54 Million

Meridian Investment Counsel Inc who had been investing in Chevron Corp New for a number of months, seems to be bullish on the $201.52B market cap company. Wealthtrust Axiom Ltd Liability Co holds 0.33% or 10,859 shares in its portfolio. Blair William Il accumulated 27,790 shares. Schulhoff And has 31,427 shares. [Full Article...]

China welcomes growing U.S. soy, cotton imports - commerce ministry

China welcomes growing U.S. soy, cotton imports - commerce ministry As part of the initiative, the Asian economic giant is expected to resume imports of USA beef by mid-July. China will buy more oil and gas, as well as soybeans and cotton from the U.S. It called on the U.S.to ease limits on high-tech imports and improve treatment of Chinese companies that invest in the U.S. "China and the United States will discuss about further increase of the revenue share of ... [Full Article...]

Texas Senate rejecting House's watered down 'bathroom bill'

The effects of the bill would be immediate. Even if it stalls, though, there's another chance for it to become law. Senate Minority Leader Chuck Schumer, D-N.Y., said Wednesday that the GOP bill would "gut Medicaid" and force higher out-of-pocket costs on older people and others. [Full Article...]

Trump's Proposal: The Budget of Those Who Pay

Mick Mulvaney, director of the Office of Management and Budget, on Wednesday said Congress should consider using a budget window longer than 10 years as congressional Republicans look for a way to pass a tax reform package. "Taking money from someone without an intention to pay it back is not debt". "We want to measure compassion, true compassion, by the number of people we help to get off those... [Full Article...]

Greek ex-premier Lucas Papademos wounded in Athens bombing

According to reports, he received injuries to his hands and legs when he opened the parcel. Most of the devices were intercepted or destroyed by police, but one device injured a parcel company employee in Greece. It has been suggested the vehicle's external defences could have contained the blast and worsened the impact of the explosion. "I felt my auto shake.it was like a small natural disaster... [Full Article...]

So This is Why Gilead Sciences, Inc. (GILD) Is So Strong

So This is Why Gilead Sciences, Inc. (GILD) Is So Strong It is down 1.68% since May 25, 2016 and is uptrending. Gilead Sciences, Inc. (NasdaqGS: GILD ) has a current MF Rank of 359. Company shares have been seen trading -27.46% off of the 52 week high and 0.89% away from the 52 week low. Looking at this figure it suggests that the shares of Gilead Sciences Inc. WILSON GAYLE E also sold $1.41M worth of Gilead Sciences, Inc. (NASDAQ: GILD ). [Full Article...]

American Eagle Outfitters (AEO) Stock Rating Reaffirmed by Morgan Stanley

American Eagle Outfitters , Inc. shares decreased -15.41 percent over the past week and fell -20.71 percent over the previous month. Finally, B. Riley reaffirmed a neutral rating and set a $12.50 target price on shares of American Eagle Outfitters in a research report on Thursday, May 18th. [Full Article...]

Walt Disney Co (DIS) Shares Sold by Adirondack Trust Co

Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since May 25, 2016 and is uptrending. It has underperformed by 1.88% the S&P500. Investors sentiment increased to 1.13 in 2016 Q4. Equities research analysts expect that Walt Disney Co will post $5.96 EPS for the current fiscal year. Guggenheim has "Buy" rating and $180.0 target. [Full Article...]

Parametric Portfolio Associates LLC Cuts Position in Mylan (MYL)

Vetr lowered shares of Mylan from a "buy" rating to a "sell" rating and set a $43.36 price target for the company.in a research report on Wednesday, March 1st. Somerset Tru Company has 11,301 shares for 0.36% of their portfolio. (CL) stake by 1.8% reported in 2016Q4 SEC filing. (NASDAQ:BEAT). Creative Planning invested in 0% or 300 shares. [Full Article...]

New Jersey's Newark Airport reopens after plane engine fire

The airport was closed for passenger safety, according to a Twitter chain that started about 9:40 p.m. from the Port Authority. "He insists that, because he couldn't get an upgrade, he's entitled to all three seats next to him even though they're assigned to somebody else", GredoƱa wrote on Facebook . [Full Article...]

Manchester bomber: Young man thirsting for revenge for deaths of Muslim children

Manchester bomber: Young man thirsting for revenge for deaths of Muslim children President Trump ordered the Justice Department to probe alleged information leaks by US officials regarding the deadly concert bombing investigation here after British authorities announced Thursday they would stop sharing intelligence because of leaks of confidential and sensitive details about the case. [Full Article...]

PowerShares DWA Momentum ETF (PDP) Rises 0.54% for May 25

PowerShares DWA Momentum ETF (PDP) Rises 0.54% for May 25 More notable recent SPDR S&P 500 Value ETF (NYSEARCA:SPYV) news were published by: Etftrends.com which released: "Value Has Been an Outperforming ETF Investment Factor" on January 26, 2017, also Gurufocus.com with their article: "Charles Schwab Investment Advisory, Inc". [Full Article...]

Most world stocks rise after Fed minutes; oil rally fades

Most world stocks rise after Fed minutes; oil rally fades According to Investing.com's Fed rate monitor tool , expectations of a June rate hike remained at the same level prior to the release of the minutes, as 75% of traders expect the Federal Reserve to hike interest rates in June. OVERSEAS: Germany's DAX was down 0.2 percent. Oil prices have rallied over the last few weeks as investors expected the cut to be extended, which would shore up prices. [Full Article...]

OPEC and non-OPEC nations poised to extend output cuts

The company has faced increased pressure on pricing since larger low-priced airlines easyJet (EZJ.L) and Ryanair (RYA.I) added more capacity to rival routes, taking advantage of weak oil prices to try to capture market share. That added to the backing for another nine months of cuts from the most influential participants in the deal, including Russia, Saudi Arabia and Iraq . [Full Article...]

Fed signals June rate hike likely

The S&P 500 climbed 5.97 points, or 0.3% to settle at 2,404.39, with real estate leading advancers. Wall Street was poised to open higher a day after pushing into record territory. On the mainland, the Shanghai Composite was 1.43% higher at 3,107.87, while the Shenzhen Composite ended up 0.73% at 1,811.90. Shares were higher in Taiwan , Thailand and Singapore. [Full Article...]

Some GOP Lawmakers Really Don't Like Trump's Proposed Budget Cuts

Some GOP Lawmakers Really Don't Like Trump's Proposed Budget Cuts Budget Director Mick Mulvaney speak to the media about President Donald Trump's proposed fiscal 2018 federal budget in the Press Briefing Room of the White House in Washington , Tuesday, May 23, 2017. Perdue said the nation has a dilemma in how to "right-size the budget" but acknowledged the concerns. The budget takes $616 billion out of the planned expansion for Medicaid, $193 billion out of... [Full Article...]

Want to succeed in England for my satisfaction: Virat Kohli

Kohli, however, dismissed talk of the Champions Trophy being a redemptive opportunity after he managed only 134 runs in 10 innings during India's Test tour of England in 2014. Talking about IPL 2017; which he missed due to injury; Ashwin said that the T20 tournament has proved to be beneficial for not only Indian players but also talented cricketers from overseas. [Full Article...]

Mueller Water Products, Inc. (MWA) Announces Earnings Results

The Mueller Co segment manufactures valves for water and gas systems, and dry-barrel and wet-barrel fire hydrants. Thompson Davis & Incorporated has 0.06% invested in Mueller Water Products, Inc . According to Zacks, analysts expect that Mueller Water Products will report full-year sales of $234.99 million for the current fiscal year, with estimates ranging from $820 million to $840 million. [Full Article...]

18-Year-Old Manchester Terror Attack Victim's Friends Lead Emotional Tribute

18-Year-Old Manchester Terror Attack Victim's Friends Lead Emotional Tribute The identities of some of the victims are beginning to be revealed after Monday night's apparent suicide bombing at the end of a concert in the United Kingdom city of Manchester. "Her warmth and kindness will be remembered fondly", he said. Callander was studying health and social care at Runshaw College, which confirmed her death on Facebook. [Full Article...]


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