Markets

Today's Brokerage Rating: JPMorgan Chase & Co. (JPM), TEGNA Inc. (TGNA)

Today's Brokerage Rating: JPMorgan Chase & Co. (JPM), TEGNA Inc. (TGNA) Pinnacle Holdg Limited Co has invested 0% in First United Corp (NASDAQ:FUNC). Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since June 5, 2016 and is downtrending. Therefore 52% are positive. Analysts' general optimism toward JPMorgan Chase also comes through in their consensus price target. After posting $1.65 EPS for the previous quarter, JPMorgan Chase & Co.'s analysts now fore... [Full Article...]

South Africa's economy falls into recession

South Africa's economy falls into recession South Africa's economy contracted by 0.7 per cent in the first three months of 2017 after shrinking by 0.3 per cent in the fourth quarter of previous year, lagging market expectations of a quarter-on-quarter GDP expansion of 0.9 per cent. The rand lost 1,1% to R12,85/US$ by 11.42am. The six-member banks index extended declines after the release, dropping 1,7% in Johannesburg. This year, Fitch and ... [Full Article...]

Apple unveils its most powerful iMac

The smart keyboard will have front-lit keys and a new mechanism that will replace the butterfly system used in current MacBook Pros. The base variant of the iMac would, however, pack an eight-core Xeon processor . The standard 21.5-inch iMac will run an Iris Plus 640, while a Radeon 550 and 560 will ping away on the 4K, 21.5-inch iMac . RAM for the pair will be supported up to 32 and 6... [Full Article...]

Snap Inc acquires location analytics startup for $200 mn

Snap Inc acquires location analytics startup for $200 mn Placed and its more than 100 employees will continue to operate independently at offices in Seattle, Los Angeles, and NY. Geekwire, who broke the news earlier today, reports the company was acquired for more than $200 million. Apparently, Snap plans to keep Placed in Seattle and allow it to operate independently. Snap has made a few acquisitions in the ad tech space to date, and it recen... [Full Article...]

British Airways says recent IT meltdown was caused by human error

British Airways says recent IT meltdown was caused by human error Walsh told reporters that the engineer in question has been authorised to be in the data centre near Heathrow, but had not been authorised to "do what he did". However, an email leaked to the media last week suggested that a contractor doing maintenance work inadvertently switched off the power supply. However, the power was restored in "an uncontrolled and uncommanded fashion that caused physic... [Full Article...]

Bristol Myers Squibb Co (BMY) Holding Has Lifted by Veritable Lp

Bristol Myers Squibb Co (BMY) Holding Has Lifted by Veritable Lp Green Square Capital LLC raised its stake in Bristol-Myers Squibb by 0.3% in the third quarter. June 4, 2017 Bristol-Myers Squibb Company (BMY) reported results of an interim descriptive analysis from an ongoing National Cancer Institute (NCI) Phase 3 randomized study evaluating Yervoy (ipilimumab) 3 mg/kg and Yervoy 10 mg/kg in patients with stage III or respectable stage IV melanoma who are at... [Full Article...]

Omega Healthcare Investors Inc (NYSE:OHI) Stock Price Up as Sentiment Drops

Omega Healthcare Investors Inc (NYSE:OHI) Stock Price Up as Sentiment Drops A rating of 4 or 5 would indicate a consensus Sell. It has outperformed by 47.84% the S&P500. Tower Research Capital Llc Trc decreased Omega Healthcare Invs Inc ( OHI ) stake by 96.57% reported in 2016Q4 SEC filing. It fall, as 41 investors sold OHI shares while 108 reduced holdings. 66 funds opened positions while 151 raised stakes. The funds in our partner's database now hold: 138.05 million... [Full Article...]

Apple iOS 11: 11 new features coming to your iPhone and iPad

It will work closely with your Apple Music subscription, and will have access to your playlists and a vast 40 million music library, to pull in more recommendations based on listening preferences. A new Accessibility feature allows you to enable "Type to Siri", which will allow users to type a question for Siri rather than using voice commands. [Full Article...]

IPads, iMacs, a speaker and everything else Apple announced at WWDC 2017

Phil Schiller, Senior Vice President of Worldwide Marketing at Apple Inc., introduced a redesigned App Store, which gives more in-depth information on each app. (Many reviewers have suggested that the current incarnation of Apple's assistant already trails competitors in key respects.) "This is the start of the AI wars", he said. [Full Article...]

How Analysts Feel About Sophos Group PLC (LON:SOPH)?

About shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since June 2, 2016 and is uptrending. It has underperformed by 112.86% the S&P500. The company's stock had a trading volume of 2,830 shares. Peel Hunt maintained it with "Buy" rating and GBX 360 target in Thursday, May 26 report. Numis Securities Ltd's price target would indicate a potential downside of 1.01% from the stock's previ... [Full Article...]

Chinese Yuan Falls After Moody's Downgrade

The one-notch downgrade, to A1 from Aa3, comes as China, the world's second-biggest economy, grapples with the challenges of rising financial risks stemming from years of credit-fuelled stimulus. Unsurprisingly, China's finance ministry didn't agree with the move. Chinese policymakers have been making efforts to clean up lending practices, which have been viewed as a threat to financial stabilit... [Full Article...]

Sentiment Change Report: Graphic Packaging Corp (NYSE:GPK)

A number of other large investors have also recently modified their holdings of the stock. Rio Tinto plc (ADR) (NYSE:RIO) traded 2,318,102 shares on last trading session with closing price of $40.80. The ex-dividend date is Tuesday, June 13th. They have a dividend yield of 2.20% and a 5 year dividend growth rate of 0.00%. Graphic Packaging Holding Company's dividend payout ratio is presently 4... [Full Article...]

United Kingdom police name two London attackers, say one investigated before

The three attackers were shot dead by police after driving into pedestrians on London Bridge and stabbing people in Borough Market . Butt, 27, was born in Pakistan. Eighteen are still in critical condition, according to health authorities. One of the properties was believed to be the home of one of the attackers. [Full Article...]

HomePod Is Apples Unimaginative Answer To Google Home And Amazon Echo

Apple has announced a voice-activated loudspeaker powered by its virtual assistant Siri. Apple seems to hope this approach can let it compete in an already established space with a novel twist to stand out from the crowd - privacy - where the alternative is open season on your private information. [Full Article...]

Doubts raised over BA's power problem claims

Doubts raised over BA's power problem claims Passengers were being told "do not come to the airports" it was reported that the outage created delays in Rome, Prague, Milan, Stockholm and Malaga. "There are 200 different systems affected, so it's taking some time". A representative from British Airways said the airline will adhere to the regulations and "we ensure all of our customers are aware of what their rights are". [Full Article...]

San Francisco issues subpoenas for Uber, Lyft driver records

San Francisco issues subpoenas for Uber, Lyft driver records The CPUC regulates ride-hailing companies. The subpoena sets up San Francisco and Uber for yet another legal battle, as the two are already locked in a fight over the city's demands for drivers' names and addresses. Lyft said it is reviewing the subpoena and has always been focused on improving transportation access in all cities where it operates. Separately, Herrera also filed a state Publ... [Full Article...]

Interruption of power supply took out IT systems

Interruption of power supply took out IT systems Experts said that companies would usually expect to have a functioning uninterruptible power supply - the equivalent of a big battery to take over if mains power fails - and better disaster recovery. The IT outage had a knock-on effect on BA services around the world, while passengers who did get moving on the limited number of flights to take off from the United Kingdom reported arriving at their... [Full Article...]

South Africa's Datatec To Sell Westcon-Comstor for R10.5 billion

South Africa's Datatec To Sell Westcon-Comstor for R10.5 billion The agreement also allows Westcon-Comstor International to better align its regional resources and seek new opportunities for growth. "This transaction not only brings together two complementary businesses, but also two similar cultures around employee and customer success". [Full Article...]

Oil Price Forecasts Lowered on Crude Glut

The global oil market reacted Wednesday to the news that Libya, one of the major oil producers in the Organization of Petroleum Exporting Countries (OPEC), was increasing its crude output to 827,000 barrels per day. Petersburg over the weekend. Refinery crude runs rose 229,000 bbl/d to 17.5 million bbl/d, surpassing its last peak at 17.3 million bbl/d in the week to April 21, and utili... [Full Article...]

Arab nations cut ties with Qatar in major row

The biggest diplomatic crisis in the Persian Gulf since the 1991 US -led war against Iraq pits several nations against Qatar, which is home to some 10,000 American troops and a major USA military base. The route between Doha, Qatar and Dubai is popular among business travelers and both are major transit hubs for travelers between Asia and Europe. In an ensuing move, Abu Dhabi's state-owned Etiha... [Full Article...]


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