Markets

Praise galore: Trump's surreal cabinet meeting

Here's a clip of Obama's first cabinet meeting in April 2009. Democratic New York Senator Chuck Schumer filmed a amusing spoof of President Trump's cabinet meeting where his senior-level officials praised his leadership. Trump kicked off the meeting by claiming that his White House had achieved "amazing results" and had "been about as active as you can possibly be and at a just about recor... [Full Article...]

Amazon's purchase of Whole Foods already impacting grocery industry

Any number of Whole Foods locations - more than 460 in the U.S., Canada and Britain - could be used as jumping off points for wider delivery and pickup of groceries and prepared foods ordered online. So, no - you won't be greeted by robots when you go inside a Whole Foods outlet. While Whole Foods has struggled to expand, Amazon has been expanding its reach in goods, services, and ente... [Full Article...]

Brexit talks with European Commission to begin on Monday

The EU's executive Commission said in a statement Friday that the first round of negotiations in Brussels will be part of a "sequenced approach to the talks". Chancellor of the Exchequer Philip Hammond has said the government's priority as it enters Brexit negotiations should be on jobs and the economy. [Full Article...]

Impatient Brussels hosts Brexit 'talks about talks'

Your browser doesn't recognise available video formats. The UK will launch historic negotiations to quit the European Union on Monday, with Brexit secretary David Davis in Brussels to launch talks. "When will be the point from moving to talking about talks, to more detailed talks, I can not say". It does not wash. "Theresa May must immediately create a cross-party joint Cabinet committee to ne... [Full Article...]

Amazon patents tech that could thwart comparison shopping in its own stores

Amazon patents tech that could thwart comparison shopping in its own stores The world's largest online retailer has just been granted a patent for a system that stops brick-and-mortar customers from comparing in-store prices to competitors' online offerings-a move that's been largely viewed as head-scratching at best. [Full Article...]

EnLink Midstream Partners (NYSE:ENLK) Gets an Upgrade to a "Hold" Rating

It has underperformed by 25.32% the S&P500. Sentinel Asset reported 0.38% stake. Cushing Asset Limited Partnership reported 2.50 million shares stake. Its up 0.09, from 1.01 in 2016Q3. Several other hedge funds have also bought and sold shares of EQM. 19 funds opened positions while 56 raised stakes. [Full Article...]

PayPal Holdings, Inc. (PYPL) Upgraded by Vetr Inc

PayPal Holdings, Inc. (PYPL) Upgraded by Vetr Inc The firm had revenue of $2.98 billion during the quarter, compared to analysts' expectations of $2.94 billion. PayPal Holdings, Inc. The firm has a 50-day moving average of $50.82 and a 200-day moving average of $43.93. The business's quarterly revenue was up 16.9% compared to the same quarter previous year. Patten Group Inc. raised its position in PayPal Holdings by 24.2% in the first quarter. [Full Article...]

May inches toward deal to stay in power

Sinn Fein, which won seven seats in the British parliament at last week's election but will maintain its policy of not taking them, said its leader in Northern Ireland, Michelle, O'Neill would repeat those concerns in London on Thursday. The party would oppose any deal that would, he said, undermine that agreement. DUP leader Arlene Foster, who travelled to Westminster for talks with the Torie... [Full Article...]

London Tower Block Fire Death Toll Rises to 58

The fire broke out at the 24-storey block, which contained 120 one- and two-bedroom flats, shortly before 1 a.m. on Wednesday. "This is a national tragedy with national consequences. On Saturday afternoon, hundreds of protesters gathered in Whitehall to call for her resignation. One woman told me she had escaped in only her top and underwear. [Full Article...]

58 missing, presumed dead in London inferno

On Wednesday, the apartment tower caught fire, the cause of which has not been established yet. The confirmed death toll in the fire has risen to 30. Earlier on Saturday, Queen Elizabeth II and Prince Philip observed a moment of silence to honor the victims. The queen and Philip stood silently before the start of the annual Trooping the Color procession that marks the queen's official birt... [Full Article...]

United Kingdom and EU Brexit negotiations to start on June 19

The Conservatives have 318 of 650 parliamentary seats, down from 330, and are seeking support from a small Northern Irish party, the Democratic Unionist Party, to support a minority government. Arriving to a meeting with his counterparts in the 28-country EU, Hammond said his "clear view" is "we should prioritize protecting jobs, protecting economic growth and protecting prosperity as we enter tho... [Full Article...]

Tapwrit claims Belmont Stakes glory for Todd Pletcher

Tapwrit claims Belmont Stakes glory for Todd Pletcher No horse won the Triple Crown this year, but it's a triple of sorts for trainer Todd Pletcher . Think about previous year when the two-year-old champion and Kentucky Derby , Nyqvist, sat out the Belmont and the race ended at the wire with a near photo finish. [Full Article...]

Top 3 all miss US Open cut

And despite starting his second round with bogeys on his first two holes, the South African bounced back to record a superb 66 which he matched in the third round. After watching seemingly everyone else pass him by on the leaderboard , including his great friend Justin Thomas , Fowler birdied three straight holes on the back nine to get two shots back at 10 under. [Full Article...]

US Fed interest rate hikes keep coming

On Thursday, the PBOC left interest rates for open market operations unchanged, Reuters reported. 'In any case, any acceleration in wages and inflation is likely to be gradual, meaning the Fed will be under little pressure to tighten policy in the next few months, ' she said. [Full Article...]

Select Comfort Corp. (SCSS) EPS Estimated At $0.05

SCSS's profit will be $2.12 million for 161.25 P/E if the $0.05 EPS becomes a reality. Raymond James Financial, Inc. lowered Select Comfort Corporation from a "strong-buy" rating to a "market perform" rating in a research report on Tuesday, April 11th. [Full Article...]

Pittsburgh Penguins goalie quandary: Murray vs Fleury - Game 5

Their aim Thursday was to minimize the mistakes that the Penguins previously feasted on in taking a 2-0 series lead. "It's about time", he said. When limited to one goal during the 2016 postseason, they won the following game. I was finding pucks through traffic for the most part. As for Rinne, Neal added: "We felt we left him out to dry a few times in the last game. I mean, I don't know how m... [Full Article...]

Pres. Trump acknowledges he's being investigated

Pres. Trump acknowledges he's being investigated Naturally, he condemns it as a " witch hunt ". Mr Trump did not identify who "the man " was but appeared to be questioning the integrity of Deputy Attorney-General Rod Rosenstein - the Justice Department's number two official who appointed Mr Mueller on May 17 and wrote a memo to Mr Trump that was critical of Mr Comey's performance after the former director was sacked. [Full Article...]

Trump lashes out over Russia probe

Trump lashes out over Russia probe In a perplexing series of Friday-morning tweets , President Donald Trump appeared to confirm that he is under investigation by the FBI and levelled a scathing attack against the officials leading the inquiry. Cohen has worked for Trump since the mid-2000s and was active in the campaign. It cited five people briefed on the requests by Mr. Mueller's team who spoke on condition of anonymity. [Full Article...]

General Electric CEO Jeff Immelt is stepping down

For most of his career, Flannery worked in GE's global finance operations. Immelt also pushed his company into software, opening up a software center in California in 2011. Sixteen years is a long time. Flannery has an "excellent" reputation inside GE despite not being known well by shareholders, Davis said. "While Mr. [Full Article...]

People Still Missing After Grenfell Tower Fire Assumed Dead

The local authority, which owns the tower block where families rented their homes, says it is doing all it can to support the victims and to help the relief operation. Yet she did visit some of the injured at London's Chelsea and Westminster hospital on Friday, reportedly spending about an hour with patients and staff. [Full Article...]


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