Markets
Amazon Prime to Reward Customers Who Pay With Debit Cards
After all, it means paying forward your future Amazon spending rather than just paying as you buy with a card. You could get more rewards with the right card . You won't have to tie up your money . While it may not sound like much, if you're a regular Amazon shopper then it could add up considerably over the course of a year. [Full Article...]
Fed raises rate, plans balance sheet reduction
Traders have placed a 91 percent chance of the central bank pulling the trigger on a second rate increase this year. And it's a sign that the central bank believes the US economy is on solid ground. "Fed officials predicted three increases at the beginning of the year, but inflation has weakened in recent months", Binyamin Appelbaum wrote in an analysis for the New York Times. [Full Article...]
US consumer prices slipped 0.1 percent in May
The increase in the price of foreign travel has been influenced by the post-Brexit vote collapse of the sterling, with local currencies gaining strength against the pound. Inflation has been rising sharply in recent months having been hovering at close to zero until early in 2016. The dollar index.DXY was last down 0.6 percent at 96.437, after earlier touching its lowest since November 9 at 96.3... [Full Article...]
Oil prices slide on worries over Libya output
U.S. West Texas Intermediate crude CLc1 futures dropped 87 cents, or 1.81 percent, to $47.46 per barrel. Brent crude oil was up 40 cents at US$51.16 a barrel by 0940 GMT (5:40 a.m. Russia , which has cut production by 300,000 bpd under the deal, could increase production next year to as much as 11.07 million bpd, the country's deputy energy minister told Reuters. [Full Article...]
Oracle Corporation (ORCL) Analysts See $0.73 EPS
TRADEMARK VIOLATION WARNING: " Oracle Corporation ( ORCL ) Lifted to Buy at Zacks Investment Research " was published by BBNS and is the property of of BBNS. Institutional investors now hold around $110.31 billion or 60% in ORCL stock. The stock of Oracle Corporation (NYSE: ORCL ) has "Buy" rating given on Wednesday, March 16 by UBS. [Full Article...]
Carnival Corporation (CUK) Given News Sentiment Rating of 0.69
Carnival Corporation (NYSE: CCL ) had a decrease of 0.93% in short interest. CUK's profit would be $325.59M giving it 35.79 P/E if the $0.45 EPS is correct. It has a 15.85 P/E ratio. The Company's divisions include North America, and Europe, Australia & Asia. This is an increase from Carnival Corporation's previous quarterly dividend of $0.35. [Full Article...]
British inflation rate rises to 4-year high of 2.9 pct
The Fed said on Wednesday it expected annual inflation rates to "remain somewhat" below 2 percent in the near term but stabilize around the central bank's target over the medium term. The likelihood of a rate hike in September has significantly weakened, however, with futures rates showing just a 17 percent chance of an increase, down from 28 percent before the data release on Wednesday, accordi... [Full Article...]
The Brookdale Senior Living, Inc. (BKD) Stake Increased by Stephens Inc. AR
About 426,973 shares traded. Wellington Management Group LLP boosted its stake in shares of Brookdale Senior Living by 125.2% in the first quarter. It has underperformed by 37.45% the S&P500. The return on invested capital at -0.6%, which is good, compared to its peers. Its up 0.27, from 1.01 in 2016Q3. North Run Capital Lp sold 460,000 shares as Brookdale Sr Living Inc ( BKD)'s stock declined 2.... [Full Article...]
Commercial Metals Company (CMC) Position Held by Regis Management CO LLC
It has underperformed by 5.91% the S&P500. ( CMC ) stake by 559.32% reported in 2016Q4 SEC filing. Dragoneer Investment Group Llc sold 79,417 shares as 58 Com Inc (WUBA)'s stock rose 30.73%. Commercial Metals Company (CMC ), launched on August 29, 1946, together with its subsidiaries, is involved in manufacturing, recycling and marketing steel and metal products, related materials and services t... [Full Article...]
Rules to help defrauded students clear loans being revised
The Department of Education unveiled the massive proposed overhaul of the Borrower Defense rules in June 2016 and finalized the measures in October 2016, aiming to hold schools accountable in a court of law when they screw over students. He specifically targeted for-profit, career colleges that promise students they will find jobs post-graduation and can charge high tuition. Last year, the ITT... [Full Article...]
GOP rep: Shooting a result of 'political, rhetorical terrorism'
Sen. Rand Paul of Kentucky, who was in the batting cage in the outfield as the gunman began firing said the officers' presence prevented a "massacre". Davis said. "Ending the divisive rhetoric falls on everyone". As evidence is beginning to show the lunatic who did this was no fan of Republican policy. [Full Article...]
What Analysts Recommend on Cousins Properties Inc (CUZ)?
The institutional investor owned 862,281 shares of the real estate investment trust's stock after selling 1,985,982 shares during the period. Finally, Norges Bank purchased a new position in Cousins Properties during the fourth quarter worth $30,543,000. [Full Article...]
Stocks, dollar firm ahead of Fed decision
For mortgage bonds, the Fed will start with $US4 billion per month and raise it in quarterly steps of $US4 billion until it reaches a $US20-billion monthly cap. But analysts will be watching the so-called dot plot of rate forecasts for any downward drift in 2018 and 2019. Such projections aren't set in stone and reflect how the views of Fed officials have shifted. [Full Article...]
Yahoo is now officially Verizon's problem and Marissa Mayer waves goodbye
Armstrong will now be CEO of a new Verizon subsidiary called Oath , which will consist of Yahoo and various AOL services. Meanwhile, CNBC quoted a source saying that around 2,100 jobs could be cut due to the Yahoo and AOL integration. [Full Article...]
United States oil production seen thwarting OPEC effort to boost prices
In light of ongoing developments, the Economist Intelligence Unit (EIU) has lowered its medium-term oil price forecast , covering 2018-21 to an annual average of $55.5 per barrel, from US$58.4 per barrel previously. "World oil demand averaged 95.12 mb/d in 2016, up by 1.5 per cent year-on-year (y-o-y), with the largest increases in the Asia Pacific region, particularly China and India, ... [Full Article...]
Fed expected to raise rates today: 4 things to know
Fed leaders end a two-day meeting in Washington and investors believe there's a 95% chance of a rate hike. Following the May meeting, the Fed kept the benchmark rate at 0.75-1 percent per annum. Asian stocks were mixed Wednesday following Wall Street's tech-driven rise as investors waited for word from the U.S. Federal Reserve on a possible interest rate hike. [Full Article...]
Death toll from London apartment block fire rises to 12
I've never seen anything like it in my life. The cause of the fire is not known at this stage, it added. Flames could still be seen more than 10 hours later. Firefighters near the still smoldering fire at the Grenfell Tower , June 14, 2017 , in London . As we've gone outside I'm looking up at the block and it was just going up. [Full Article...]
Is there a Bearish outlook for Enbridge Inc (TSE:ENB) this week?
Financial Architects Inc raised its stake in shares of Enbridge by 2,987.7% in the first quarter. Cincinnati Insurance Co. owned 0.18% of Enbridge at the end of the most recent reporting period. P/E ratio of the company is 52.47. The firm also recently disclosed a quarterly dividend, which was paid on Thursday, June 1st. Investors of record on Monday, May 15th were given a dividend of $0.4435 pe... [Full Article...]
Ninth Circuit Largely Upholds Injunction on President Trump's Revised Travel Ban
The Ninth Circuit Court ruled only that Trump had failed to fulfill requirements under immigration laws that govern when the president may stop entry of foreign nationals into the country. "In short, the order does not provide a rationale explaining why permitting entry of nationals from the six designated countries under current protocols would be detrimental to the interests of the Uni... [Full Article...]
Police arrest 19-year-old man
Detectives are trying to establish which store the knives were bought from and then, via CCTV footage, to see who got them, whether they were alone and where they went afterwards. "If you know anything about these particular types of knives, please let us know - it could prove a crucial lead in our investigation". The post London attackers faked suicide vests for "maximum fear" appeared first ... [Full Article...]