Finance

Ola raises $2B from SoftBank, Tencent, and others

Ola raises $2B from SoftBank, Tencent, and others The paperwork for the transaction has been finalised and the deal is awaiting approval from CCI, another report in The Economic Times said. According to a report in Bloomberg , other investors in Ola's latest financing includes a venture capital fund jointly run by Indian industrialist Ratan Tata and the University of California's investment arm, as well as several US institutional inve... [Full Article...]

Goldman Sachs Considering Bitcoin Services for Clients

Goldman Sachs Considering Bitcoin Services for Clients The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website . A number of other institutional investors have also modified their holdings of GS. Credit Suisse maintained Goldman Sachs Group Inc (NYSE:GS) on Wednesday, March 30 with "Outperform" rating. (The) in a research note on Wednesday, August 9th. [Full Article...]

Tech titan Oracle launches enterprise-grade blockchain cloud service

Tech titan Oracle launches enterprise-grade blockchain cloud service Unveiled yesterday during executive chairman/CTO Larry Ellison's opening keynote at Oracle OpenWorld 2017 , which runs from October 1-5 in San Francisco, the Oracle Autonomous Database Cloud uses machine learning to automatically tune performance and adjust compute and storage requirements without human intervention. [Full Article...]

Amerisur Resources (LON:AMER) New Price Targets

Amerisur Resources (LON:AMER) New Price Targets About 862,358 shares traded. Agilent Technologies Inc (NYSE:A) has risen 25.96% since October 2, 2016 and is uptrending. It has outperformed by 0.50% the S&P500. Active stock market investors may have to find that flawless balance between being too risky or playing it too safe. On Monday, March 21 the stock rating was initiated by Barclays Capital with "Equal-Weight". [Full Article...]

Oil falls more than two percent on signs of higher output

Oil falls more than two percent on signs of higher output OPEC has delayed announcing further supply cuts, and U.S. production may be ramping up after Hurricane Harvey, as Baker Hughes reported a rise in the USA rig count. Brent, the global benchmark, fell 67 cents, or 1.18%, to $56.12 a barrel on ICE Futures Europe . Brent crude oil prices shot up more than 10 percent last month. [Full Article...]

Taking a Look at the Data Behind Wells Fargo & Company

Taking a Look at the Data Behind Wells Fargo & Company There has been an observed change of -0.18% in the ownership of the shares in the past six months. It has underperformed by 14.23% the S&P500. Visionary Asset Management Inc decreased Navient Corporation (NAVI) stake by 9.25% reported in 2017Q2 SEC filing. [Full Article...]

Tesla Model 3 production falls short of targets

It's a big miss for the most highly-anticipated vehicle of the year, but doesn't come as a complete shock. The company delivered a little over 47,000 Model S and Model X vehicles in the first half, and it now expects to "exceed that by several thousand vehicles". [Full Article...]

Manufacturing Sector Expands in September, PMI Reaches 60.8%

Manufacturing Sector Expands in September, PMI Reaches 60.8% Seventeen of 18 manufacturing industries reported growth, led by textile mills and machinery. The ISM report is based on a survey of 350 purchasing and supply executives. Production was up 2% to 62.2%. Thirteen reported output increases. Two reports are signaling that the USA manufacturing economy looked stronger in September. [Full Article...]

Nissan to recall 1.2 mil

Nissan to recall 1.2 mil The 24 affected model lines didn't receive the necessary safety inspections that adhered to Japanese-market rules, according to The Japan Times . The company did not elaborate on why the inspections did not meet Japanese market requirements. [Full Article...]

GM will have 20 electric vehicle models on the road by 2023

GM will have 20 electric vehicle models on the road by 2023 GM said it would use the underpinnings of the Chevrolet Bolt EV , introduced in the USA late past year, to offer two more EVs in its home market, declining to discuss details of the new models. But with governments from China to California considering stiff future regulations to encourage the production of emissions-free vehicles, G.M.is responding with big promises to shift its business more t... [Full Article...]

Chicken supplier 2 Sisters suspends operations

Chicken supplier 2 Sisters suspends operations Work has stopped at the 2 Sisters Food Group poultry processing plant at the centre of a scathing investigation orchestrated by two British news organisations. The Food Standards Agency is urging shoppers to take the steps to avoid cross contamination of food. "We continue to work closely with the FSA and our customers throughout this period", it said. [Full Article...]

Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Neuberger Berman Group LLC

Tyson Foods, Inc. (NYSE:TSN) Shares Sold by Neuberger Berman Group LLC Chip rally: Chipmaker Micron Technology's shares rose 8 percent to $36.88 Wednesday after it posted a better quarter than expected thanks in part to strong datacenter spending and new smartphone rollouts. RBC Capital Markets maintained Tyson Foods, Inc . The 50-Day Moving Average price noticed at $64.80 and the 200 Day Moving Average price is at $62.35. [Full Article...]

Healthcare Realty Trust Incorporated (HR) Position Increased by Fmr LLC

Healthcare Realty Trust Incorporated (HR) Position Increased by Fmr LLC MFIN's SI was 6.29M shares in September as released by FINRA. During recent trading, shares saw a move of 1.29% hitting a price of $85.88. With 603,300 avg volume, 3 days are for Marinus Pharmaceuticals Incorporated (NASDAQ:MRNS)'s short sellers to cover MRNS's short positions. [Full Article...]

Trump Administration Officials Defend GOP Tax Plan

Trump Administration Officials Defend GOP Tax Plan But Sen. Bernard Sanders says his Democratic colleagues won't support the Republican plan because it gives tax breaks to the wealthy and corporations while cutting Medicare. Gary Cohn, Trump's top economic adviser, said no one knows how the plan would affect Americans because it has not been finalized. Meanwhile, when asked if the secretary himself could promise tax payers not to fly private or ... [Full Article...]

78-year-old Kosciuszko Bridge demolished to make way for new span

78-year-old Kosciuszko Bridge demolished to make way for new span With the old bridge gone, a new span of bridge is due to open by 2020. Cuomo said the new bridge marks the beginning of a series of new infrastructure projects in the city. All scrap metal recovered from the Kosciuszko Bridge - an estimated 22 million pounds of steel - will be recycled. . "The new cable-stayed bridge is a monument that brings people together, straddling two boroughs that have we... [Full Article...]

UK Sees Solid Growth in September Manufacturing PMI

UK Sees Solid Growth in September Manufacturing PMI The September reading was the highest since April 2011 and marked the 11th month in a row that the index was above the 50-point line dividing an expansion in activity from a contraction. The outlook for the manufacturing sector remained positive overall, with more than 51% of companies expecting production to rise over the next 12 months. [Full Article...]

Trump Plan Eliminates Estate Tax

Trump Plan Eliminates Estate Tax At the same time as the plan increases the standard deduction , it eliminates the personal exemption, which now cuts the taxable income of a household by $4,050 each for every taxpayer and dependent in it. The United States now has the highest corporate tax rate in the developed world. Here's what we do know; the number of tax brackets is set to be reduced from seven to three, but acco... [Full Article...]

RCom, Aircel hang up on merger plans

RCom, Aircel hang up on merger plans RCom has been pursuing a three way merger involving Sistema Shyam Teleservices and Aircel for more than a year. The deadline for closing the deal was December, the time granted by banks for the company to work out a turnaround plan under the Strategic Debt Restructuring ( SDR ) scheme. [Full Article...]

Tata wins bid to make electric cars for Indian government

Tata wins bid to make electric cars for Indian government The EESL on Friday said that the automaker would supply 10,000 electric vehicles for it. At present, the company rolls out the conventional version of the compact sedan, hatchback Tiago and entry-level vehicle Nano from the Sanand plant, which has an annual capacity of 2.5 lakh units. [Full Article...]

Brexit: Foreign Secretary Boris Johnson outlines his four 'red lines'

Brexit: Foreign Secretary Boris Johnson outlines his four 'red lines' As the Tory party conference kicked off in Manchester, Theresa May was fighting for her political life, forced to deny reports of a cabinet rift following another Brexit intervention by Boris Johnson . In an interview marking the start of the four-day Conservative conference in Manchester, north-west England, May insisted her government was behind her. [Full Article...]


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