Finance

Apple leads Wall Street's retreat from record levels

Apple leads Wall Street's retreat from record levels Adding to the mix, Amazon joined forces Warren Buffett's Berkshire Hathaway and JPMorgan Chase to announce the creation of a company to address runaway health care costs. The Federal Reserve kept interest rates unchanged at 1.25-1.5 per cent, in line with market expectations. It is Janet Yellen's final scheduled meeting at the helm of the Fed. [Full Article...]

Stocks under Analyst' Radar: United Continental Holdings, Inc. (UAL), QUALCOMM Incorporated (QCOM)

At present time the stock is moving -2.08% away to its 200-day moving average. The institutional investor held 46,437 shares of the transportation company at the end of 2017Q3, valued at $2.83 million, down from 116,487 at the end of the previous reported quarter. [Full Article...]

Union Budget 2018: Govt's healthcare programme to historically become 'Modicare', says Jaitley

Union Budget 2018: Govt's healthcare programme to historically become 'Modicare', says Jaitley Jaitley said the government had earlier declared a minimum support price for the majority of rabi crops at least at 1.5 times the cost of production. Union Finance Minister Arun Jaitley announced two new measures under the government's Ayushman Bharat Scheme, which are expected to take healthcare to greater heights. [Full Article...]

U.S. investigates Apple over slow iPhones

U.S. investigates Apple over slow iPhones While consumers and even foreign governments - French authorities launched an investigation of their own in early January - have cried foul over the company's " planned obsolescence ", the United States government probe will focus on whether Apple misled investors about the performance of older phones . [Full Article...]

India Wants to 'Eliminate' the Use of Cryptocurrencies, Embraces the Blockchain

India Wants to 'Eliminate' the Use of Cryptocurrencies, Embraces the Blockchain However, the minister said, the government would explore use of block chain technology proactively to speed the move toward a digital economy. For the longest time, cryptocurrency traders have been suggesting that the government should make this possible in a legitimate way, where innocent people aren't cheated. [Full Article...]

AT&T profit beats, CEO upbeat on Time Warner deal

AT&T profit beats, CEO upbeat on Time Warner deal President Donald Trump late past year. Still, the move to bring them forward as profit reflected very well on AT&T's share price, which rose 3% on the news. Perhaps the most impressive metric of AT&T's fourth quarter was the growth of its US wireless subscribers, which rose by 2.7 million, beating the 2.2 million outlook that StreetAccount called for. [Full Article...]

Elon Musk has made a decision to sell flamethrowers

Elon Musk has made a decision to sell flamethrowers The $10 million raised from the sales will be used to help bankroll the Boring Company's expensive plans to build tunnels under parts of Los Angeles and the Baltimore-Washington Parkway. He managed to sell 20,000 flamethrowers for $500 United States dollars each, which means the underground digging company has pocketed close to $10 million USD. [Full Article...]

That fake emotional support peacock might cost you $250

That fake emotional support peacock might cost you $250 The story, which did not originate from satirical news site The Onion, was picked up by national news organizations including NBC News , The Washington Post and Business Insider . United added in a statement that it continues to support customers with emotional support animals, NBC News reported. Spokeswoman Andrea Hiller said the issues had been explained to the passenger three times "before... [Full Article...]

Toyota Recalls Prius, Lexus RX, NX SUVs

Toyota Recalls Prius, Lexus RX, NX SUVs If you own a Toyota, you need to find out whether your vehicle is under recall. In detail, the defect relates to manufacturing issues where there is a possibility the insulation used for integrated circuit (IC) chips in affected pressure sensors and G sensors could peel off over time, creating an open circuit in the IC chip. [Full Article...]

TD Ameritrade Holding Corp. (AMTD) to Issue Quarterly Dividend of $0.21

MS trades at a forward P/E of 11.14, a P/B of 1.46, and a P/S of 2.31, compared to a forward P/E of 15.26, a P/B of 4.07, and a P/S of 7.65 for AMTD . Camarda Limited Liability Co stated it has 0.35% of its portfolio in Johnson & Johnson (NYSE:JNJ). For TD Ameritrade Holding Corporation (NASDAQ:AMTD), Stochastic %D value stayed at 31.45% for the last 9 days. [Full Article...]

Fidelity Telecommunication MSCI ETF (FCOM) Elder Force Placed Under the Lens

Fidelity Telecommunication MSCI ETF (FCOM) Elder Force Placed Under the Lens The Williams %R is a momentum indicator that helps measure oversold and overbought levels. Diploma Plc (DPLM.L) now has a 50-day moving average of 1187.51, the 200-day is at 1112.25, and the 7-day is 1177.14. Currently, the 14-day ADX for Diploma Plc (DPLM.L) is sitting at 20.36. In general, and ADX value from 0-25 would represent an absent or weak trend. [Full Article...]

Hong Kong Closes Loophole in Ivory Ban, Outlawing All Sales

Mainland China, the biggest source of ivory demand, banned sales at the start of the year after shutting all carving factories and shops last March. Prior to the vote, demonstrators gathered outside Hong Kong's legislature with signs reading: "Do you really need ivory chopsticks?" and "That 6g bracelet killed a 6,000kg elephant". [Full Article...]

Highlights of Finance Minister Arun Jaitley's budget speech

Highlights of Finance Minister Arun Jaitley's budget speech We are firmly on path to achieve 8 pc growth. "Economy to grow at 7.2-7.5% in second half of 2018-19", he added. In less than 48 hours from now, the Narendra Modi government will present the last full Budget of its first term in office. [Full Article...]

China January official factory PMI dips to 51.3, below forecasts

China January official factory PMI dips to 51.3, below forecasts The Investec Manufacturing Purchasing Managers Index eased from an all-time high recorded in December, but still indicated a sharp improvement in activity, with the headline index at 57.6 for the month. Australia's manufacturing sector experienced a strong start to the year in January, according to data compiled by the Australian Industry Group (Ai Group). [Full Article...]

US Appeals Court Declares Pricing Model For Tinder Plus Service Discriminatory

US Appeals Court Declares Pricing Model For Tinder Plus Service Discriminatory But the feature is now priced at $9.99 for under 30s and $19.99 for overs, and the California court of appeal has ruled that this is discriminatory. Tinder's rationale for the practice, affirmed by a lower court and mentioned in Monday's appellate court ruling, is that market research indicates younger users are "more budget constrained" and need a price break on a subscription. [Full Article...]

Computer chips reason for Samsung's record profit

Computer chips reason for Samsung's record profit When asked for a comment, a company spokesperson told TechCrunch " Samsung's foundry business is now engaged in the manufacturing of cryptocurrency mining chips". Later, a Samsung spokesperson confirmed with TechCrunch that the company is "currently engaged in the manufacturing of cryptocurrency mining chips", but refused to provide more details. [Full Article...]

All inmates in New York State prisons will get free tablets

All inmates in New York State prisons will get free tablets The tablets will be paid for by JPay - a Miami-based company that handles commissary transactions for inmates in NY and more than two dozen other states. A message left with JPay wasn't immediately returned. DOCCS officials called the tablet program a "contractual agreement the department recently entered into with JPay". [Full Article...]

PayPal sees 24% revenue growth in its latest quarter

PayPal sees 24% revenue growth in its latest quarter But Adyen will become the primary payments processor for eBay sites across the world. PayPal's social payments platform Venmo processed $10.4 billion of TPV, up 86 percent over the same period previous year. After doubling in the past year and closing at a record $85.32 on Wednesday, PayPal shares sank 10 percent after hours to $76.58. Analysts had been forecasting $15.16 billion. [Full Article...]

Yellen Ends Term With Interest Rates Steady; Powell To Take Helm

Yellen Ends Term With Interest Rates Steady; Powell To Take Helm Traders expect the next rate hike in March, during the first meeting with Jerome Powell as Fed Chairman . "Gains in employments, household spending, and business fixed investment have been solid, and the unemployment rate has stayed low", policy makers said in their statement. [Full Article...]

BBC accused of 'belittling' women over equal pay row

BBC accused of 'belittling' women over equal pay row However, Gracie, who said she was expected to spend around 200 days a year in China, said that she was told she was in charge when she was given the job. She added that the offer "sounds like a tacit admission of pay discrimination". "My problem will be resolved by an acknowledgement my work was of equal value to the men I served alongside". [Full Article...]


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