Finance

CT Takes First Step Toward Offshore Wind

CT Takes First Step Toward Offshore Wind Humphries noted that MA utilities have been mandated to purchase 1,600 megawatts of offshore wind power over the next decade. New South Wales' central west is set to become home to one of Australia's largest wind farms, with the state government approving the almost-one-gigwatt installation this week. [Full Article...]

Crude oil inventories -4617K vs 2000K estimate

Crude oil inventories -4617K vs 2000K estimate West Texas Intermediate crude for May delivery traded at $63.57 a barrel in electronic trade, up from its settlement of $63.51. Brent crude is now above $67.80. "The equity markets are definitely kicking oil in the trousers here a little bit", said Tariq Zahir, managing member of Tyche Capital Advisors. The commodity was also helped by better-than-expected crude inventory data from the America... [Full Article...]

Are Analysts Bullish NXP Semiconductors NV (NASDAQ:NXPI) After Last Week?

By digging out more, shifting focus on performance of the NXP Semiconductors N.V. (NASDAQ: NXPI ) that has shown a discernible change in trend levels over the path of recent market activity. The Stock now has Analyst' mean Recommendation of 1.9 where the scale is from 1 to 5, 1 means Strong Buy and 5 means Sell. Altria Group Inc. had 60 analyst reports since July 31, 2015 according to SRatingsInte... [Full Article...]

Starbucks Corporation, NASDAQ: SBUX), Delta Air Lines, Inc., (NYSE: DAL)

Starbucks Corporation, NASDAQ: SBUX), Delta Air Lines, Inc., (NYSE: DAL) Parnassus Investments who had been investing in Starbucks Corp. for a number of months, seems to be bullish on the $80.74 billion market cap company. The stock decreased 0.81% or $1.01 during the last trading session, reaching $123.9. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments. The company's Market c... [Full Article...]

Tesla Model 3 production is now under the direction of Elon Musk

Tesla Model 3 production is now under the direction of Elon Musk Last week, VP Doug Field sent a memo to employees announcing Tesla would reallocate employees to focus on Model 3 production, Bloomberg reported . On the other hand, The National Transportation Safety Board (NTSB), which is also investing the matter, is not happy when Tesla shared the accident's details to the public, per Automotive News . [Full Article...]

C&C Group set to acquire Matthew Clark and Bibendum from Conviviality

C&C Group set to acquire Matthew Clark and Bibendum from Conviviality It added that Conviviality shareholders would receive only a "nominal sum". With financial support from drinks giant AB InBev , C&C said it will make an offer for Matthew Clark and Bibendum on the condition that Conviviality appoints administrators , which is expected to be announced today. [Full Article...]

Mark Zuckerberg to testify before Congress next week

Mark Zuckerberg to testify before Congress next week Facebook has removed 138 Pages, 65 Instagram and 70 Facebook accounts linked to the Russian firm Internet Research Agency ( IRA ). Facebook said on Tuesday (April 3) that it had found and removed more than 270 accounts and pages controlled by Russia's Internet Research Agency, the so-called troll factory that became notorious for posting fraudulent and divisive material on the platform duri... [Full Article...]

Nokia 6 (2018), Nokia 7 Plus, Nokia 8 Sirocco Unveiled in India

Nokia 6 (2018), Nokia 7 Plus, Nokia 8 Sirocco Unveiled in India And even if it is real, there's no official word when HMD will actually unveil and release the Nokia 9 , however, a previous leak has suggested that it may launch by the end of this year. With the new launches like the Nokia 8110 4G and Nokia 1, the company is also focusing on the feature phone users and also those who are switching from feature phone to a smartphone. [Full Article...]

Study says medical marijuana could help fight opioid crisis

Study says medical marijuana could help fight opioid crisis The complaint, filed in Leon County circuit court Tuesday, alleges the limit on the number of dispensaries is intended in part to temporarily suppress competition among pot operators, called " medical marijuana treatment centers". If the latest research is any indication, those actions might simply make the opioid epidemic even worse. The two studies were published online April 2 in JAMA... [Full Article...]

Mark Zuckerberg Says No Plans To Extend European Privacy Law Globally

Mark Zuckerberg Says No Plans To Extend European Privacy Law Globally Stamos said his team has been working for months to uncover more IRA activity on its platforms, but reports in outlets like BuzzFeed and the New York Times have documented IRA misinformation activity since 2014. Facebook said it removed the accounts and pages because the Internet Research Agency has lied about its identity in creating accounts, including some that purported to be American ar... [Full Article...]

TSX falls, Dow dives as China tariffs rattle investors

TSX falls, Dow dives as China tariffs rattle investors The Reserve Bank of Australia meets later Tuesday , and it is expected to keep its key rate on hold at 1.5%, according to a Wall Street Journal poll of analysts. And Tesla, the electric-car marker on the defensive following a deadly accident involving its autonomous driving system, was down more than 5%. Also on Monday, the Kremlin said President Trump suggested he and Vladimir Putin meet... [Full Article...]

Sudden Slump In Stock Markets: Sensex Falls 300 Points, Nifty Below 10150

Sudden Slump In Stock Markets: Sensex Falls 300 Points, Nifty Below 10150 The BSE Mid-cap and the BSE Small-cap indices were down 0.70% and 0.82%, respectively. On Tuesday, the United States government announced that it would impose 25% tariffs on $50bn worth of imports from China. Japan's benchmark Nikkei 225 crept 0.1 percent higher to end at 21,319.55 but South Korea's Kospi slid 1.4 percent to 2,408.06 as the won weakened from the 3 year high it touched against th... [Full Article...]

Ghost Recon Wildlands is getting a second year of content updates

Ghost Recon Wildlands is getting a second year of content updates Ghost Recon Wildlands will have a second season of free updates, dubbed as "Year 2", similarly to Ubisoft's other titles. In Tom Clancy's Ghost Recon Wildlands , the Santa Blanca drug cartel has transformed the handsome country of Bolivia into a perilous narco-state, leading to lawlessness, fear, and rampant violence. [Full Article...]

Swiveling Stock: General Electric Company (NYSE:GE)

Swiveling Stock: General Electric Company (NYSE:GE) Boston Advisors Llc who had been investing in Washington Fed Inc Com for a number of months, seems to be less bullish one the $2.92 billion market cap company. Lourd Lc has 0.08% invested in General Electric Company (NYSE:GE) for 70,503 shares. After a recent check, General Electric Company stock is found to be 4.89% volatile for the week, while 3.12% volatility recorded for the month with ... [Full Article...]

New York Fed picks John Williams as next president

New York Fed picks John Williams as next president In the past, Williams has conveyed a moderate stance on monetary policy and supported the central bank's guidance of three or four rate hikes in 2018 . Dudley's last day will be June 17, and Williams will take over on June 18, the New York Fed said in an announcement. He will replace outgoing president William Dudley starting June 18. [Full Article...]

Spotify goes public, valued at $26.6 billion

Spotify goes public, valued at $26.6 billion The NYSE set Spotify's reference price late yesterday to be in line with informal, private trading of Spotify shares, giving an early estimate of the level at which supply and demand could be balanced. Spotify has 71 million so-called premium subscribers, including users who have given the company a credit card number for a free trial. "Even though Spotify's scale is about twice that of Apple ... [Full Article...]

Older Americans support medical marijuana, poll finds

In each state, in an average year, doctors prescribed 23 million daily doses of opioids. The study of Medicaid patients examined the association between opioid prescribing rates and state marijuana laws implemented from 2011 to 2016. A 2014 paper discovered that in the states where cannabis use is legal for medical purposes, almost 25 percent fewer deaths from opioid overdoses occurred. [Full Article...]

WPP Chief Martin Sorrell Under Investigation Over "Personal Misconduct" Allegation

WPP Chief Martin Sorrell Under Investigation Over The company has hired an anonymous law firm to conduct an independent inquiry. Sorrell has headed WPP since 1986, and has no clear successor. WPP did not immediately reply to emails and calls for comment. Last month, WPP disclosed annual earnings and an outlook for 2018 that caused its stock to plunge as much as 15% in London. The publication Campaign last week published a story detailing ho... [Full Article...]

Santos to engage with Harbour post its $10.4 billion acquisition bid

Santos to engage with Harbour post its $10.4 billion acquisition bid But given the highly politicised nature of the Australian domestic gas landscape and Santos' key role there, analysts and investors see government approval as a key risk to any deal. Founded by EIG Global Energy Partners, Harbour is a global oil and gas company. Harbour Energy, which is backed by energy-focussed private equity group EIG, has offered A$6.50 a share and follows three previous un... [Full Article...]

CBS Plans to Merge With Viacom In a All Stock Deal

CBS Plans to Merge With Viacom In a All Stock Deal Deutsche Bank raised their price objective on shares of Viacom from $28.00 to $33.00 and gave the stock a "hold" rating in a research report on Monday, February 12th. VIA was included in 3 notes of analysts from October 9, 2017. This is based on a 1-5 scale where 1 indicates a Strong Buy and 5 a Strong Sell. Viacom's revenue was down 7.6% compared to the same quarter past year. [Full Article...]


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