Markets

Sprott Inc. Has $363000 Position in Freeport-McMoran, Inc. (FCX)

Sprott Inc. Has $363000 Position in Freeport-McMoran, Inc. (FCX) Freeport-McMoran has a beta of 2.55, indicating that its share price is 155% more volatile than the S&P 500 . We keep our '17 and '18 EPS estimates at $1.05 and $1.30, respectively. The shares price has positioned 5.97% up over the past quarter while it has directed -17.56% toward a falling position throughout past six months. (FCX)-1 analysts issued Buy for the stock, 2 analysts gave Outperform ... [Full Article...]

VW exec to plead guilty in diesel emissions cheating scandal

VW exec to plead guilty in diesel emissions cheating scandal Oliver Schmidt, former manager of a VW engineering office in suburban Detroit , will appear in federal court on August 4. Schmidt's attorney did not immediately return requests for comment. Schmidt is one of eight former and current Volkswagen executives who've been criminally charged for their roles in the never-ending Dieselgate saga, reports Reuters . [Full Article...]

India will ban driverless cars to protect jobs

India will ban driverless cars to protect jobs Nitin Gadkari , the minister for road transport and highways, has reportedly said that autonomous or driverless cars will not be allowed in India as it will cost thousands of jobs. Here, we have more people and they need jobs. According to a study by Boston Consulting Group, the global autonomous cars market is expected to be worth $42 billion by 2025 and $77 billion by 2035. [Full Article...]

China Merchants Port in Sri Lankan deal

China Merchants Port in Sri Lankan deal However, the port being used exclusively for commercial purposes should not be lead to complacency since China is known for its aggressive behavior and in the future, it may persuade Sri Lanka to open the port for military use also. "They emphasised that they wanted to maintain balanced relations with other countries". China's long-term game plan is to encircle India by partnering with its neigh... [Full Article...]

United States consumer sentiment recovers in July

United States consumer sentiment recovers in July Consumers' views on current conditions hit the highest level since July 2001, while expectations for the future rebounded after a slight dip in June. The Consumer Confidence Index beat expectations last month as well. Economists follow these surveys on the basis that an increase in optimism should translate into increased consumer spending. Overall, consumers foresee the current economic expansi... [Full Article...]

New US Envoy Volker Says Washington Considering Sending Arms To Ukraine

New US Envoy Volker Says Washington Considering Sending Arms To Ukraine Fresh from his first official tour in his new role, during which he claimed to be "astonished" with the "hot war" he had seen in the east, Kurt Volker said in an interview on Tuesday that arming Ukrainian troops could shift Moscow's tactic but would not be provocative . [Full Article...]

Lyft's 'Taco Mode' brings riders to closest Taco Bell

Lyft's 'Taco Mode' brings riders to closest Taco Bell Imagine you're heading home after a long night out on the town. Suddenly, you feel hungry. Taco Bell has partnered with rideshare service, Lyft , to give those flagging a Lyft ride an easy, mobile phone-based way to incorporate a Taco Bell drive-thru stop into their Lyft-supported trips by the end of this year, a news release said . [Full Article...]

McDonald's Q2 profits jump 28% to US$1.4b on solid sales

McDonald's Q2 profits jump 28% to US$1.4b on solid sales The second quarter of previous year reportedly had EPS of $1.45 and $6.26 billion in revenue. Global same-restaurant sales climbed 6.6 percent, helped by the strongest traffic in its restaurants in more than five years, beating the 4 percent growth estimated by analysts, the company said on Tuesday. [Full Article...]

Ford Motor Company (F) Downgraded to Buy at Vetr Inc

Ford Motor Company (F) Downgraded to Buy at Vetr Inc Hartland & Co. LLC's holdings in Ford Motor were worth $587,000 at the end of the most recent quarter. Several other hedge funds have also recently bought and sold shares of the company. If you are viewing this article on another domain, it was stolen and republished in violation of USA and worldwide trademark & copyright law. The original version of this piece of content can be accessed at ..... [Full Article...]

Domino's Pizza Inc (NYSE:DPZ) Trading Volume Significantly Lower

Domino's Pizza Inc (NYSE:DPZ) Trading Volume Significantly Lower Same-store sales at company-owned outlets in the United States, Domino's biggest source of store revenue, jumped 11.2 percent in the second quarter, crushing the 7.70 percent rise analysts polled by research firm Consensus Metrix had expected. [Full Article...]

John McCain to return to US Senate for health vote

John McCain to return to US Senate for health vote McConnell can afford to lose no more than two votes from his 52-member conference to advance to a debate on health care reform or to pass a final bill. Senate Republican Whip John Cornyn, R-Texas, told reporters Monday that McCain was trying to get approval from his doctors to travel to Washington, according to The Hill . [Full Article...]

The UK is to build BMW's new, fully electric Mini

The UK is to build BMW's new, fully electric Mini The MINI's battery electric drivetrain will be built in Germany, then shipped over to the United Kingdom to be intergrated into the auto. On Tuesday the German carmaker said its plant in Oxford, England has been chosen as the location to produce an electric Mini in 2019 , confirming an earlier Reuters report . [Full Article...]

Activist Sandell Urges Barnes & Noble Board to Explore a Sale

Activist Sandell Urges Barnes & Noble Board to Explore a Sale More notable recent Barnes & Noble Education Inc (NYSE: BNED ) news were published by: Seekingalpha.com which released: "Barnes & Noble Education: Far From A Shot In The Dark" on June 21, 2017, also Marketwatch.com with their article: "Barnes & Noble Education sales slip" published on February 28, 2017, Wsj.com published: "Barnes & Noble Education Names New CEO" on July 20, 2017. [Full Article...]

EU Turns Up Heat on German Carmakers

EU Turns Up Heat on German Carmakers A cloud has hung over Germany's auto industry since weekly Der Spiegel reported Friday on documents it said showed carmakers held secret meetings since the 1990s. Diesels emit less carbon dioxide, a major greenhouse gas, but emit more nitrogen oxide, an unhealthy pollutant. The secret meetings "laid the basis" for the 2015 diesel emission cheating scandal , in which VW was caught installing s... [Full Article...]

Traders Purchase High Volume of Barrick Gold Corporation Put Options (NYSE:ABX)

About 800 shares traded. It has underperformed by 24.96% the S&P500. As of quarter end Levin Capital Strategies, L.p. had acquired 7,180 shares growing its stake by 0.9%. TD Securities reissued a "hold" rating on shares of Barrick Gold Corporation in a research note on Sunday, May 28th. On Wednesday, September 7 the stock rating was initiated by Berenberg with "Sell". [Full Article...]

LLC Boosts Stake in Ford Motor Company (NYSE:F)

LLC Boosts Stake in Ford Motor Company (NYSE:F) Wedgewood Partners Inc decreased Schlumberger (SLB) stake by 14.95% reported in 2016Q4 SEC filing. Following the acquisition, the director now owns 3,120 shares of the company's stock, valued at $102,710.40. The Company provides automotive financing services through General Motors Financial Company, Inc The Company develops, manufactures and/or markets vehicles in North America under the brands,... [Full Article...]

Dollar falls to 13-month lows as market looks to Fed

Dollar falls to 13-month lows as market looks to Fed Dollar, Turkish Lira or Brazilian Reais, are photographed in Frankfurt, Germany, in this illustration picture taken May 7, 2017. Oil rose after leading OPEC producer Saudi Arabia pledged to cut exports in August to help reduce the global crude glut. [Full Article...]

Trump calls Washington Post 'lobbyist weapon' for Amazon

Trump calls Washington Post 'lobbyist weapon' for Amazon The President also went after the Times for a Fox News story that said a report by the newspaper in 2015 had led a top Islamic State leader to avoid being caught by the US. Kim Ruebin, a senior fellow in the Urban-Brookings Tax Policy Center, told CBS' MoneyWatch at the time, "They're (Amazon) being good citizens, and they're collecting the taxes and remitting it. [Full Article...]

Cal-Maine Foods, Inc. (CALM) Reaches New 52-Week High

Cal-Maine Foods, Inc. (CALM) Reaches New 52-Week High Millennium Mgmt Ltd Liability Corporation holds 0% in Cal-Maine Foods Inc (NASDAQ:CALM) or 9,132 shares. BlackRock Inc. increased its position in Cal-Maine Foods by 3,766.5% in the first quarter. During the same period previous year, the company earned ($0.01) earnings per share. The business had revenue of $274.60 million during the quarter, compared to the consensus estimate of $271.33 million. [Full Article...]

Shoe brand Jimmy Choo sold to American designer Michael Kors

Shoe brand Jimmy Choo sold to American designer Michael Kors Jimmy Choo - best know for its stiletto heels - said "a combination with Michael Kors would allow it to embark on the next phase of growth and provide opportunities for the benefit of customers, employees, shareholders and other stakeholders". [Full Article...]


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