Finance

Artificial Intelligence more concerning than North Korea: Elon Musk

Artificial Intelligence more concerning than North Korea: Elon Musk Tesla CEO Elon Musk issued another warning regarding artificial intelligence (AI) Friday, saying it's more unsafe than North Korea. Musk's comments were in reference to his non-profit start-up, OpenAI, defeating several of the world's best players at a video game, reports The Hill magazine. [Full Article...]

Korean shares end lower on foreign selling amid tensions over N. Korea

Korean shares end lower on foreign selling amid tensions over N. Korea The Standard & Poor's 500 index rose 5 points, or 0.2 percent, to 2,444 as of 12:28 p.m. The index was also dragged lower after Beijing ordered probes into three major Chinese social networking platforms over outlawed content. Outside the political arena, declines in a pair of technology stocks added to the cautious tone on the day. It's still the highest it's been since May. [Full Article...]

Wall St slips as rising N.Korea tensions rattle investors

Wall St slips as rising N.Korea tensions rattle investors The tech-heavy Nasdaq composite bore the brunt of the sell-off, losing 135.46 points, or 2.1 percent, to 6,216.87. The Russell 2000 index of smaller-company stocks gave up 8 points, or 0.6 percent, to 1,401. Dillard's slumped 15.9 percent after the chain booked a loss for the second quarter as increased inventory led to big discounts. Shares of Snap were off about 13 percent premarket followin... [Full Article...]

North Korea tensions send dollar to eight-week low vs yen

The CBOE Volatility Index, the most widely followed barometer of expected near-term USA stock market volatility, hit its highest mark since November 8, when Trump was elected president. In currencies, the yen rose 0.8 percent versus the greenback at 109.2 per dollar (JPY=), the strongest level for the Japanese currency since mid June. [Full Article...]

First Manhattan Co Sold A Little More Minerals Technologies Inc. (MTX) Stock

The company now has a P/E ratio of 14.57 and the market cap of the company is 2.25B. About 92,825 shares traded. Minerals Technologies (NYSE: MTX ) last issued its quarterly earnings results on Thursday, August 3rd. Private Retail Bank And has 4,536 shares. Victory Management has invested 0% in Minerals Technologies Inc (NYSE:MTX). WARNING: "Minerals Technologies (NYSE:MTX) Earning Somewhat Po... [Full Article...]

Simon Property Group Inc (NYSE:SPG) Coverage Initiated at Stifel Nicolaus

It has underperformed by 0.51% the S&P500. Finally, Brookfield Asset Management Inc. increased its stake in shares of Simon Property Group by 28.0% in the fourth quarter. The business also recently disclosed a quarterly dividend, which will be paid on Thursday, August 31st. The ex-dividend date is Tuesday, August 15th. [Full Article...]

Cinemark Holdings (NYSE:CNK) Getting Somewhat Positive News Coverage, Analysis Shows

Wells Fargo maintained the stock with "Buy" rating in Thursday, July 20 report. The rating was maintained by JP Morgan with "Overweight" on Monday, April 4. 03/03/2016 - Cinemark Holdings Inc was downgraded to "hold" by analysts at Benchmark. (NYSE:CNK) has risen 15.13% since August 11, 2016 and is uptrending. [Full Article...]

Western New England Bancorp (NASDAQ:WNEB) Stock Rating Upgraded by ValuEngine

Bank of New York Mellon Corp now owns 2,019,379 shares of the bank's stock worth $85,642,000 after buying an additional 1,249,865 shares during the last quarter. Shareholders of record on Tuesday, August 1st will be paid a $0.20 dividend. The ex-dividend date will be on Friday the 28th of July 2017. This represents a $0.12 dividend on an annualized basis and a dividend yield of 1.26%. [Full Article...]

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Indexiq Advisors LLC expanded its stake by buying 59 shares an increase of 5.7% as of 06/30/2017. Shares saw a steep decrease in trading volume of 89.88% under the normal average daily volume. Instead, they should also do their own research-such as reading the prospectus for new companies or for public companies, the quarterly and annual reports filed with the SEC-to confirm whether a particular i... [Full Article...]

Dow slips 100 points as tensions with N.Korea escalate (KSS, M)

Dow slips 100 points as tensions with N.Korea escalate (KSS, M) TIME OUT: Fossil tumbled 23.6 percent after the watch maker said sales continued to weaken, falling short of analysts' estimates. The Standard & Poor's 500 index lost 35.81 points, or 1.4 percent, to 2,438.21. The company booked a hefty charge and said its CFO is leaving the company. Hong Kong's Hang Seng was off 0.3 percent. Economists had expected prices to rise by 0.2 percent. [Full Article...]

Dow Jones witnesses worst drop since May amid geopolitical tensions

Dow Jones witnesses worst drop since May amid geopolitical tensions Germany's DAX Index fell 0.6%, the UK's FTSE 100 Index retreated 1.2% and France's CAC 40 Index slid 1.4%. They estimated it at 42 % before the publication of the figure for inflation. Phipps said investors were reassured after Dallas Fed President Rob Kaplan 's said on Friday that the Fed needs more evidence of progress toward its inflation goal before raising rates again. [Full Article...]

Markets Right Now: Stocks drop, led by technology companies

Markets Right Now: Stocks drop, led by technology companies The S&P 500 added 3.11 points, or 0.1%, to 2441.32, ending the week down 1.4%, its biggest loss since March. Why wasn't the market impacted. On average, the S&P 500 falls 5% or more every 10 weeks and the index falls 10% every 33 weeks, according to data analyzed by AllianceBernstein going back to 1928. [Full Article...]

Park Hotels & Resorts Inc. (PK) - Investors Roundup

That's a potential 6.23 increase relative to where Host Hotels & Resorts, Inc. Wellington Group Llp accumulated 4.90 million shares. It has outperformed by 7.02% the S&P500. If we checked the overall image of stock during recent quarter then we found that stock performance is trading up 0.85%. The beta factor is 1.35.Volatility shows sense of how far the stock will fall if the market takes a div... [Full Article...]

Geopolitical Concerns Lead To Sell-Off On Wall Street

Technology companies led US stocks slightly higher in afternoon trading Friday, recouping some of the losses from the day before. The Swiss currency was also on track for its biggest daily gain against the euro since the Swiss National Bank removed its cap on the currency in January 2015. [Full Article...]

Summit Hotel Properties, Inc. (NYSE:INN) Plans Quarterly Dividend of $0.17

Amalgamated Bank raised its stake in Summit Hotel Properties by 0.7% in the first quarter. Summit Hotel Properties's revenue was down 2.4% on a year-over-year basis. Pnc Services Gru invested in 47,993 shares or 0% of the stock. Investors with a record date on early Wed, Aug 16th will be issued a $0.17 dividend. this indicates a $0.68 annual dividend and a payout of of 4.38%. [Full Article...]

Hong Kong Stocks tumble 2%

The President made the remarks amid reports North Korea had a plan to launch a salvo of ballistic missiles toward the U.S. Pacific territory of Guam. US stocks were lower after the close on Thursday, as losses in the Technology, Financials and Industrials sectors led shares lower. [Full Article...]

SoundCloud Loses CEO But Stays Afloat With New $215 Million Investment

SoundCloud Loses CEO But Stays Afloat With New $215 Million Investment As Billboard reports , merchant bank Raine Group has teamed up with Singapore-based investment company Temasek to fire over a $169.5 million United States dollars investment to SoundCloud . "It's crystal clear to us that what SoundCloud has that is truly unique to its service is a unique set of rights and content that are available to listeners". [Full Article...]

United States dollar jumps amid Trump North Korea nuclear war worrries

United States dollar jumps amid Trump North Korea nuclear war worrries Besides, persistent buying by local jewellers at domestic spot market stoked the uptrend. On Thursday, it logged its biggest one-day percentage loss since April 18, when a "snap" United Kingdom general election was called. MetLife fell 75 cents, or 1.6 percent, to $47.56, while Charles Schwab slid 69 cents, or 1.6 percent, to $41.33. While the dollar was struggling to recover as geopolitical ris... [Full Article...]

Wall Street tumbles on North Korea worries

Wall Street tumbles on North Korea worries In commodities trading, U.S. crude oil was wallowing around $49 to the barrel amid speculation that a predicted gain in American output will offset OPEC-led efforts to trim a global glut. Biotechnology, tobacco, and transportation stocks also saw considerable strength, while steel stocks extended a recent move to the downside. Traders snapped up shares in companies that delivered strong quarte... [Full Article...]

Gold buoyed by North Korea tensions, United States inflation data

The Japanese yen hit an eight-week high against the USA dollar, and US -traded Nikkei stock futures dropped 2 percent to their lowest since mid May. Foreign investors offloaded shares worth more than 648 billion won (US$566 million), while institutions scooped up more than 678 billion won. [Full Article...]


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