Markets

Tencent becomes first Asian company to be valued over US$500 billion

Tencent becomes first Asian company to be valued over US$500 billion Overtaking Facebook is no easy feat but if you start to look at some of the products that Tencent holds, it all seems to add up. Admission to the half-a-trillion-dollar-club which comprises of Apple, Alphabet , Facebook, Microsoft , and Amazon - approaches a week after Tencent posted benefits of 18 billion RMB ($2.7 billion) on incomes of 65.2 billion RMB ($9.8 billion) for Q3 2017. [Full Article...]

The Capital International Ltd. CA Increases Position in Apple Inc. (AAPL)

At Apple Inc . ( AAPL ), the percentage of institutional ownership is now at 60.86% percent of its total shares outstanding, with the total value of institutional ownership at $531.6 billion. Deutsche Bank maintained the shares of AAPL in report on Tuesday, October 18 with "Hold" rating. Princeton Portfolio Strategies Group LLC now owns 83,951 shares of the iPhone maker's stock worth $9,723,000... [Full Article...]

FCC Reportedly Planning Total Repeal Of Net Neutrality Rules

FCC Reportedly Planning Total Repeal Of Net Neutrality Rules Pai has argued that the rules adopted in 2015 requiring oversight of service providers didn't give the industry the opportunity to invest in broadband networks. Supporters of net neutrality say big companies can't be trusted to run the internet fairly for all. There were some activists on the right who supported net neutrality. [Full Article...]

TransCanada secures Nebraska PSC approval for $8bn Keystone XL pipeline project

TransCanada secures Nebraska PSC approval for $8bn Keystone XL pipeline project The so-called Mainline Alternative Route draws the XL closer to the alignment of the Keystone pipeline, its 7-year-old sister, which transports more than 500,000 barrels of Alberta tar sands oil daily to refinery hubs in Oklahoma and IL. Some analysts have questioned the financials of the Keystone XL project in the face of falling crude oil prices that have hurt production growth from relatively... [Full Article...]

Tether Claims $30 Million in US Dollar Token Stolen By Attacker

Tether Claims $30 Million in US Dollar Token Stolen By Attacker The Tether team said they would blacklist the address, so the tokens stolen in the hack could not be converted into USA dollars. The attacker moved $30,950,010 worth of USDT, Tether's cryptocurrency asset that it backs with the USA dollar. The announcement comes amid a period of growing discussion - and controversy - around Tether. Coindesk also reported that Tether had links to Bitfinex - a Hon... [Full Article...]

Malaysia should climb world talent ranking on better economic landscape

Malaysia should climb world talent ranking on better economic landscape Sixty-three countries were assessed to the extent they develop, attract and retain talent in a wide range of areas including apprenticeships, workplace training, language skills, etc. Looking specifically at the BRICS, China stayed in the lead with a ranking of 40, followed by Russian Federation at 43 and South Africa at 48 while Brazil ranked just after India at the 52nd slot. [Full Article...]

Indian automaker Mahindra opens U.S. plant

Indian automaker Mahindra opens U.S. plant The Mumbai-based automaker's latest foray comes after a plan to sell a pick-up truck based on its Scorpio sport utility vehicle in the US was abandoned at the beginning of this decade amid a legal battle with its dealers. Mahindra now sells tractors, scooters and off-road vehicles in the U.S. In September, Mahindra tied up with former partner Ford Motor in a bid to access to the American company... [Full Article...]

Spiralling veggie prices push up cost of eggs in NCR

Spiralling veggie prices push up cost of eggs in NCR Ramkrishan UpadhyayChandigarh, November 19The high prices of eggs have shocked city residents. Eggs come to Delhi mainly from Punjab and Haryana. The rise in prices of vegetables have led to a increased demand for eggs which are rich in protein. [Full Article...]

AWS stores USA spy agency data in Secret Region

AWS stores USA spy agency data in Secret Region Known as the " AWS Secret Region" it will allow the 17 intelligence agencies to host, analyze and run applications on government data classified at the secret level. Speaking at the AWS Public Sector Summit in Washington, DC in June, Edwards said the AWS deal was the "best decision we ever made". The AWS Secret Region also will be available to non-IC U.S. [Full Article...]

Peel Hunt Reiterates "Buy" Rating for Tarsus Group plc (TRS)

Peel Hunt Reiterates It has outperformed by 40.77% the S&P500. Deutsche now has a GBX 965.00 target price per share on shares of Aggreko (LON:AGK). In analysts note issued to investors and clients on Tuesday, 21 November, JP Morgan Cazenove restate their Neutral rating on shares of CNA. [Full Article...]

Australian Employers Are Ripping Off International Student Workers, Study Finds

Australian Employers Are Ripping Off International Student Workers, Study Finds Speaking with The PIE News , Berg said the report also went a long way toward dispelling several assumptions around the exploitation of migrant workers. One in three backpackers and worldwide students are paid half the legal minimum wage amid widespread "wage theft" that extends beyond fruit picking and farm work, a study shows. [Full Article...]

(OXY) Price Target Raised to $75.00 at Simmons

Occidental Petroleum Corporation ( OXY ) traded up $1.23 during trading hours on Friday, reaching $68.40. Trading volume, or volume, is the number of shares or contracts that point towards the overall activity of a security or market for a given period. [Full Article...]

Virtu KCG Holdings LLC Has $534000 Holdings in Emerson Electric Company (EMR)

Emerson Electric Co is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. Therefore 26% are positive. Sprucegrove Investment Management Ltd.'s holdings in Emerson Electric were worth $6,200,000 as of its most recent SEC filing. [Full Article...]

Stock In Spotlight: Gilead Sciences Inc. (NASDAQ:GILD)

Stock In Spotlight: Gilead Sciences Inc. (NASDAQ:GILD) Gilead Sciences Inc now has $93.62 billion valuation. The stock increased 0.04% or $0.03 during the last trading session, reaching $72.44. About 29,183 shares traded or 26.70% up from the average. The firm earned "Outperform" rating on Tuesday, September 20 by Wedbush. As per Tuesday, September 27, the company rating was downgraded by Leerink Swann. [Full Article...]

Johnson & Johnson (JNJ) Shareholder Gateway Investment Advisers LLC Lifted Position

It has underperformed by 4.16% the S&P500. Shares for $5.71M were sold by Schroepfer Michael Todd. 742.03 million shares or 4.53% less from 777.22 million shares in 2017Q1 were reported. The firm has "Equal-Weight" rating by Morgan Stanley given on Wednesday, October 18. UBS maintained the stock with "Buy" rating in Thursday, August 31 report. [Full Article...]

Valeant Pharmaceuticals International's (NYSE:VRX) Hold Rating Reiterated at HC Wainwright

Valeant Pharmaceuticals International's (NYSE:VRX) Hold Rating Reiterated at HC Wainwright Union Pacific Corp now has $91.02 billion valuation. The stock of Valeant Pharmaceuticals Intl Inc (NYSE: VRX ) has "Hold" rating given on Monday, November 14 by Deutsche Bank. The company has a consensus rating of "Hold" and a consensus price target of $17.17. The firm has "Hold" rating given on Monday, September 25 by Jefferies. [Full Article...]

Marvell Technology Group Ltd. (MRVL) EPS Estimated At $0.28

Marvell Technology Group Ltd. (MRVL) EPS Estimated At $0.28 It has outperformed by 249.78% the S&P500. For the past month, Marvell Technology Group Ltd .'s stock has been 10.21%, 29.90% for the last quarter, 25.32% for the past six months and 51.87% for the past 52 weeks. Therefore 0 are positive. Marvell Technology Group Ltd . (NASDAQ: MRVL ) has risen 64.54% since November 20, 2016 and is uptrending. According to the Recommendation Trends of the stoc... [Full Article...]

Wells Fargo & Company (NYSE:WFC) Stake Decreased by Valley National Advisers Inc

In the most updated research from a number of analysts on Wall Street, the company gets 12 Buys and 4 Sell among 32 analysts. The stock has "Buy" rating by Northland Capital on Friday, November 10. 126,190 are held by Bush Odonnell Investment Advisors. Adirondack Trust holds 0.17% or 3,901 shares. Hirtle Callaghan & Limited Liability owns 944 shares for 0.01% of their portfolio. [Full Article...]

VW to invest almost €23bn in production development

VW to invest almost €23bn in production development Volkswagen says it will be investing about €22.8 billion throughout the world from 2018 to 2022 in developing modular platforms, modernizing its factories and preparing its cars for electro-mobility. "With the planning round now approved, we are laying the foundation for making Volkswagen the world's number one player in electric mobility by 2025", said Matthias Müller, CEO of Volkswagen Aktienges... [Full Article...]

Cost of Thanksgiving dinner hits lowest point in five years

Cost of Thanksgiving dinner hits lowest point in five years Cindy Bright, associate pastor for faith formation at State Street Methodist Church, said her church has been working with First Christian Church to offer the community a Thanksgiving meal for more than a decade. Second Vice President Isabella Chism says they aren't sure why food was so cheap past year. "Every year I say I'm not going to do it and somebody will say "You literally saved my life" ... [Full Article...]


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