Monday, 27 March 2017
Latest news
Home » Markets


Google's YouTube losing major advertisers like AT&T, Verizon: Here's why

Pacific Crest's price target of $1,040 is based on 16x EV/EBITDA, using its 2017 Google EBITDA estimate of $38.9 billion , which implicitly assigns zero net value for "Other Bets". A separate sermon by preacher Ahmad Musa Jibril, who according to USA prosecutors once took credit for a terrorist bombing in Saudi Arabia, can be viewed alongside advertisements from Nissan in Sweden and wireless carrier MTN Group in South Africa. Read More »

Uber President Only Made It 6 Months Before Resigning


But sources told Recode that Jones's resignation wasn't related to the prospect of the company hiring a C.O.O. -as Kalanick announced he would do in the wake of growing questions about his leadership-but Jones's realization that Uber's problems were bigger than he had realized when he took the job. Read More »

Canadian Solar Inc. Bottom Line Drops 77% In Q4


Guggenheim restated a "neutral" rating on shares of Canadian Solar in a research note on Wednesday, December 21st. JMP Securities reiterated a "hold" rating on shares of Canadian Solar in a research note on Tuesday, November 22nd. The company's quarterly revenue was down 40.3% compared to the same quarter past year. Gross margin was 7.3% including an anti-dumping and countervailing duties (AD/CVD) true-up provision of US$44.1 million associated with the prior years' module sales. Read More »

Donald Trump Jr just had the worst response to the Westminster attack


What Trump wants Americans to see are terrorists (and not what the destruction of the EPA really means); and what Khan wants Londoners to see is the car-related pollution that's associated with 9,000 early deaths a year. Many have taken to social media to declare that more could be done by the government to ensure terrorists are not entering the country disguised as refugees and that anti-terrorism activities for extremists need stricter enforcement. Read More »

French government bonds rally as presidential debate soothes nerves


The 39-year-old former economy minister who heads the independent party " En Marche! " appeared alongside Le Pen, far-left candidate Jean-Luc Mélenchon, Socialist Benoit Hamon, and embattled conservative candidate François Fillon. The markets have been nervous about the possibility of a Le Pen victory as she has pledged to take France out of the euro and hold a referendum on European Union membership. Read More »

Zurich STILL most expensive city in Europe


In the latest Economist Intelligence Unit Worldwide Cost of Living Report Asian cities take up 5 of the top 6 places. Istanbul ranked 62nd this year, outperforming 16 countries compared to last year. The survey compared the prices of more than 150 items - including bread, wine, cigarettes and one litre of unleaded petrol - across 133 cities, using NY as the basis for comparison. Read More »

Asian Stocks Ease, Cautious Ahead of Central Bank Announcements


Analysts widely expect the central bank to stay put on benchmark rates but anticipate a possible hike in the late liquidity window, the facility though which it funds banks. GO HIGHER: GoPro, which makes wearable cameras, surged 16.3% to $8.55 after it announced a cost-cutting plan and said it's sticking by its forecast for 2017 profits. Read More »

Russian Hackers Indicted for Yahoo Breaches


The FSB officers "directed, facilitated and paid criminal hackers to collect information through computer intrusions", acting United States assistant attorney-general Mary McCord told reporters. The other alleged criminal hacker , Belan, has been charged twice before in the U.S. In all 500 million Yahoo accounts were stolen, and the accounts of at least 18 users of other email services were compromised. Read More »

People pelted with boiling rocks as Mount Etna erupts


The news outlet added that six of the injured people had already been sent to the hospitals of Catania and Acireale cities. "Volcanologist said most unsafe incident experience in his 30-year career". She said the experience was extremely scary . At least 10 people were injured in a powerful explosion of Mt. Etna in Sicily, Italy Thursday. Officials at Sicily's Catania airport announced they would reduce arrivals by half to five flights an hour, due to ash clouds. Read More »

Valeant Pharmaceuticals International, Inc. (NYSE:VRX) Stock current Trends Analysis


Other major USA activist investors such as Paulson & Co, ValueAct Capital Management and Davis Selected Advisers remain among the five largest Valeant shareholders; between them controlling more than 12 per cent of the company. The billionaire is supposedly leaving the multinational specialty pharmaceutical company with a loss of over US$3 billion (AU$3.97 billion) after trying to rescue Valeant for some 18 months. Read More »

Oil prices drop to three-months lows


Oil last week broke below the $50 a barrel level it had held above since the Organization of Petroleum Exporting Countries and 11 other nations started trimming supply on January 1. "Is price the only consideration when it comes to the decision of extending cuts?" Harold Hamm, head of one of the largest USA shale producers, said that industry would need to add output in a "measured way, or else we kill the market", suggesting no new dash for growth. Read More »

Tesla Built A Huge Solar Battery Plant On The Island Of Kauai


Well, that would mean reverting to fossil fuels so that the island has energy to use at night. American automaker and energy storage firm Tesla has unveiled its first big solar energy storage project, the SolarCity. Tesla Inc. (NASDAQ:TSLA) has been slowly and gradually moving toward solar products and recently launched its Powerpack 2 to provide solar energy to people. Read More »

Gander Mountain to close stores in Killeen, Waco


Two of Gander Mountain's chief competitors, Bass Pro Shops and Cabela's , joined forces in a $5.5 billion deal past year. It posed a letter on its Facebook page Friday afternoon, saying that Gander Mountain employees would do everything they can to make the process "invisible and inconsequential" to customers. Read More »

Elon Musk has another ambitious energy project and this time it's free


In a Twitter exchange with Australian billionaire Mike Cannon-Brookes, the CEO of silicon valley start-up Atlassian, Musk assured he was serious following a previous vow from a Tesla executive (via Guardian ). Cannon-Brookes volunteered to help provide funding and lobbying for the project's political support. Considering the state of Southern Australia is in fact under the tight grips of an energy crisis, the offer does seem all the more appealing. Read More »

Afghan family detained in Los Angeles are asking for release


The mother, father and their three children, including a baby, arrived at LAX for a connecting flight to Washington state, where they planned to resettle. Inlender told ABC News that the family was held for nearly two days without any communication and without access to attorneys after arriving at LAX. Read More »

China to increase defence budget by 7%


The country registered the slowest economic growth in 26 years, which political leaders have labelled "the new normal". This suggests China has little intention of starting an arms race with the United States, where President Trump just recommended a 10% increase in military spending to $603 billion. Read More »

GM sale of Opel to PSA to be announced Monday

Another sticking point was GM's demands that "a PSA-owned Opel be barred from competing against its own Chevrolet lineup in China and other overseas markets", according to the Reuters source, who said it was resolved after the American company bundled the issue together with the pension liabilities offering PSA more than the initial proposal of $1 billion to $2 billion to fund the pension plans. Read More »

What are analysts Suggestions on: General Motors Company (NYSE:GM)


Vanguard Group Inc. increased its position in General Electric Company by 0.6% in the second quarter. Want to see what other hedge funds are holding EDE? PNC Financial Services Group Inc. General Electric Company had a return on equity of 15.99% and a net margin of 6.86%. The firm had revenue of $33.10 billion for the quarter, compared to analysts' expectations of $33.67 billion. Read More »

FCC votes to block internet privacy rule

Privacy rules were addressed by the FCC after its passage of 2015's net neutrality rules resulted in ISPs being reclassified as "common carriers", an action that moved them out of the FTC's authority. It also included any content from unencrypted message that may have been accessible to the service provider. A September 2016 Pew Research Center report found that more than nine out of 10 adults (91%) agree or strongly agree consumers have lost control of their personal data and its use. Read More »

Ben Carson Confirmed As HUD Secretary


Carson's inexperience to lead the Department of Housing and Urban Development ", wrote Democratic Sen. "Dr. Carson knows that removing regulatory barriers is a necessary component of any national housing policy and that housing is key to the long-term health of the USA economy". Read More »

Pepsi, Coke ban: Retailers to lose ₹400 crore

According to reports, some hotels in Coimbatore, around 500 km from here, have already started boycotting Pepsi and Coke. The Indian Beverage Association has said it is "deeply disappointed" by a call for a boycott in southern India that includes The Coca-Cola Co and PepsiCo brands. Read More »

Oil Hits Three-Week Low on Record-High Inventories

Interestingly, this price level, according to unnamed OPEC sources, is considered sufficient to discourage US shale producers from building production further. OPEC has made a decision to produce 1.8 million barrels less per day to end the global oil oversupply. The Labor Department released a report on Thursday showing that first-time claims for USA unemployment benefits fell to their lowest level in over forty years in the week ended February 25th. Read More »

Dow breaks 12-day record streak ahead of Trump speech; retail down


The Nasdaq Composite fell 35 points, or 0.6%, to 5,826. The Dow fell 0.1 percent, to 20,812.24. The Dow closed at record highs for 13 sessions in a row back in 1987, nine months before the Black Monday market crash. Brent crude, used to price worldwide oils, rose 4 cents to $56.46 in London. Stocks have risen sharply in the wake of the November 8 election, bolstered by Trump's promises of tax reform, infrastructure spending and reduced regulations, and investors are looking for more ... Read More »