Markets

Retail Stocks Getting Slammed by the Amazon-Whole Foods Deal

Online delivery of groceries so far has been tough for any company to pull off because of customers' concerns about the quality of meat and produce, Wedbush Securities analyst Michael Pachter said . It had previously announced plans to open a 1,800-square-foot store called Amazon Go in Seattle, Washington . The patent says: "In the event that requested content is determined to be associate... [Full Article...]

US Federal Reserve hikes rates again as confidence in the economy grows

The prime cause of rising United Kingdom inflation has been weakness in the pound, which has fallen 15 percent against the dollar since topping $1.50 in the early hours of last June 24, when it initially appeared Britons had voted to remain in the EU. [Full Article...]

Uber board votes to adopt report about toxic behaviour at firm

Uber board votes to adopt report about toxic behaviour at firm Downward spirals in tech don't often end well. United States attorney general Eric Holder has advised Uber CEO Travis Kalanick to take a leave of absence , but the company board remains silent. Company representatives said nothing Monday about Kalanick taking a leave of absence. He would not comment on any further actions taken by the board, including whether it discussed the future of CE... [Full Article...]

Amazon to buy Whole Foods in $13.7 billion deal

Jana had called for Whole Foods to overhaul its operations and brought in retail and food experts to help foster a turnaround. Whole Foods shares jumped 27pc to $41.99 as of 10am yesterday in NY, bringing them close to the transaction price. [Full Article...]

Johnson Controls, Inc. (NYSE:JCI) Valuation According To Analysts

It improved, as 28 investors sold Johnson Controls International plc Ordinary Share shares while 8 reduced holdings. Johnson Controls International plc (JCI ) earnings have declined with an annualized rate of -23.9% over the last 5 years. with MarketBeat.com's FREE daily email newsletter . 03/06/2017 - JP Morgan began new coverage on Johnson Controls, Inc. giving the company a "neutral" rating... [Full Article...]

Otto Warmbier has 'Severe Neurological Injury,' 'Brutalized' by North Korea

Otto Warmbier has 'Severe Neurological Injury,' 'Brutalized' by North Korea Doctors said they have very limited information about Warmbier's condition before his arrival in the United States and have not had any contact with North Korean medical officials. US President Donald Trump spoke to Fred Warmbier on Wednesday night (Thursday NZT), Warmbier said. Fred Warmbier said the family was only told a week ago that Otto Warmbier has been in a coma for t... [Full Article...]

Amazon May Already Be Selling Your Fave Whole Foods Products For Less

Shares in Walmart Stores Inc., the nation's largest seller of groceries, were down 6 percent. The Times characterized Amazon's latest step as setting up a clash of the titans with Wal-Mart to be the seller of pretty much everything you buy . [Full Article...]

Are Analysts Bullish HSBC Holdings plc (LON:HSBA) After Last Week?

Therefore 27% are positive. S&P Global set a GBX 720 ($9.11) target price on shares of HSBC Holdings plc and gave the company a "neutral" rating in a report on Tuesday, February 21st. The firm has "Outperform" rating given on Monday, December 12 by Cowen & Co. The stock has "Outperform" rating by Bernstein on Friday, February 5. The firm earned "Underperform" rating on Wednesday, April 20 by BNP... [Full Article...]

Infosys appoints new global heads for RCL, manufacturing

Infosys appoints new global heads for RCL, manufacturing Vaswani and Banga have held strategic portfolios across Infosys for almost a decade. "We wish him the best in the journey ahead", Dr. Sikka added. Speaking on their appointment , Dr. Sandeep Dadlani's resignation has come at a time when the Indian IT sector is facing a tough time and layoffs have become a regular affair at several IT companies. [Full Article...]

Alphabet Inc (GOOGL) Suffers A Rare Downgrade Amid Ad Growth Questions

Alphabet Inc (GOOGL) Suffers A Rare Downgrade Amid Ad Growth Questions William Blair reiterated an outperform rating on shares of Alphabet in a report on Friday, March 3rd. Aegis reaffirmed a buy rating on shares of Alphabet in a research report on Monday, May 22nd. State Street Corp increased its position in Alphabet by 0.3% in the first quarter. Osborn Williams & Donohoe LLC now owns 299 shares of the information services provider's stock valued at $231,000 after b... [Full Article...]

PennyMac Mortgage Investment Trust

American Intl Group Inc now has $58.87B valuation. The stock decreased 3.22% or $1.76 during the last trading session, reaching $52.9. About 61,251 shares traded. Winslow Evans Crocker Incorporated reported 2,030 shares. Pnc Financial Ser Inc stated it has 500 shares. Cg Asset Mngmt Ltd Limited Liability Company owns 54,108 shares or 1.03% of their U.S. [Full Article...]

Rosenstein may need to recuse himself from Russia probe

The letter said the investigation would also probe Comey's testimony that Loretta Lynch, attorney general under former U.S. president Barack Obama, had directed him to describe an FBI probe into former USA secretary of state Hillary Rodham Clinton's e-mail practices as merely a "matter" and to avoid calling it an investigation. [Full Article...]

Some victims of Grenfell Tower fire may never be identified, police warn

While the deadly blaze at the Grenfell Tower in north Kensington has prompted an outpouring of generosity, it has also unleashed fury at the authorities as the charred tower was cast as a deadly symbol of a divided society. Told there was a need for the public to hear her say something had gone badly wrong and the Government accepted responsibility, Mrs May said: "Something bad has happened". [Full Article...]

May to meet Northern Ireland parties amid DUP deal concerns

DUP leader Arlene Foster , who met Mrs May in No 10 on Tuesday, is understood to have returned to Northern Ireland leaving her deputy Nigel Dodds to represent the party at Thursday's meeting. The start of parliament has been delayed since last Thursday's election, a gamble May took to strengthen her hand in talks to leave the European Union but which has left her scrambling for a deal to keep ... [Full Article...]

London tower block fire protesters storm town hall

Theresa May is facing mounting criticism for her response to the tragedy, after she visited the Grenfell Tower site without meeting those directly affected. A blaze at a building in Melbourne, Australia, in 2014 was later directly linked to the type of combustible cladding in place on the structure and triggered an audit of numerous city's high rises. [Full Article...]

US housing starts drop for 3rd straight month

US housing starts drop for 3rd straight month US stocks fell as shares of Wal-Mart and other retailers were hammered after Amazon.com announced its entry into the brick-and-mortar retail business with its $13.7 billion deal to buy upscale grocer Whole Foods. Homebuilding was flat in the Northeast at 87,000 new units added, but tumbled in the Midwest and South, with single-family units in the South seeing their biggest monthly decline in two y... [Full Article...]

Dollar Tree, Inc. (DLTR) Updates Q2 Earnings Guidance

Dollar Tree, Inc. (DLTR) Updates Q2 Earnings Guidance Dollar Tree Inc. had 52 analyst reports since August 6, 2015 according to SRatingsIntel. Since the beginning of the calendar year, the stock is -5.77%. (NASDAQ:DLTR), 15 have Buy rating, 2 Sell and 10 Hold. The rating was downgraded by Atlantic Securities to "Underweight" on Tuesday, September 27. The firm has "Overweight" rating by Barclays Capital given on Friday, February 12. [Full Article...]

Coli bacteria found in drinking water at US Open

Coli bacteria found in drinking water at US Open Erin Hills may have been easy-as-can-be Thursday. American Patrick Reed is three off the lead on four under, while South Africa's Ernie Els dropped his only shots of the day on the par-four 17th and par-five 18th as the 1994 and 97 champion opened with a two-under 70. [Full Article...]

Analytical Preview of Horizon Pharma plc (HZNP)

Cowen and Company set a $20.00 price target on shares of Horizon Pharma PLC and gave the company an "outperform" rating in a research report on Tuesday, May 9th. Price T Rowe Associates Md invested in 0% or 522,220 shares. Four research analysts have rated the stock with a hold rating, ten have assigned a buy rating and one has issued a strong buy rating to the company. [Full Article...]

Trump keeps much of Obama's Cuba policy

Trump keeps much of Obama's Cuba policy While noting that Canada has long taken a softer line with Cuba than us governments, Trudeau said he doesn't expect the renewed economic and travel restrictions would hurt Canadian business and tourism ties with Cuba. "They only enrich the Cuban regime". "While we are reviewing what this policy could mean for this type of travel, we appreciate that the policy appears to allow us to contin... [Full Article...]


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