Markets

Markets IMF cuts US growth forecasts, cites Trump fiscal plan uncertainty
Author: 0 IMF cuts US growth forecasts, cites Trump fiscal plan uncertainty

A solution to these challenges would be the Trump=proposed fiscal stimulus, the Fund admits, but it is taking the White House too long to actually deliver on their fiscal programme promises. "Looking at the USA data, it is unlikely that these set of policies can generate an acceleration of economic growth of a magnitude of let's say approximately 1 percentage point".

Markets Trump takes another swipe at CNN following resignations
Author: 0 Trump takes another swipe at CNN following resignations

CNN , in initially taking down the story, said it didn't meet its editorial standards. Eleven data points tracking CNN's Russian Federation " fake news " story - and its retraction - concluded on Tuesday with a gleeful President Donald Trump going after other news media for their Russian Federation coverage, too.

Markets Brokers Change Their Target Price On Independence Realty Trust, Inc. (IRT)
Author: 0 Brokers Change Their Target Price On Independence Realty Trust, Inc. (IRT)

The Firm provides metals processing and distribution services for a range of customers. The market capitalization of the company is at $3.09 Billion. It has a 29.7 P/E ratio. Therefore 69% are positive. 4 number of analysts have estimated the sales of the company for the quarter, analysts estimated mean sale target of 132.5 million while high and low sale targets are estimated at 138.85 million and 124.61 million respectively.

Markets Indrani among 200 booked for prison riot post convict's death
Author: 0 Indrani among 200 booked for prison riot post convict's death

Almost 200 inmates of a women's prison here, including Indrani Mukerjea , the prime accused in the Sheena Bora murder case, have been booked for rioting after they allegedly staged a protest over the death of a convict in Mumbai . He said, "The witnesses should be shifted from Byculla jail, especially the main witness, who is also the complainant, as there are chances the jail authorities would threaten them and make them change their statements".

Markets Atlantic Canada could be exempt from United States softwood duties: Ross
Author: 0 Atlantic Canada could be exempt from United States softwood duties: Ross

It set a preliminary dumping rate of 6.87 percent for all other producers in Canada. In response, British Columbia lumber producers expressed their desire to reach a new agreement on softwood lumber. But, the president of the British Columbia Lumber Trade Council said the duties are being felt by American consumers in the form of significantly higher prices.

Markets QinetiQ Group plc (QQ) Receives GBX 264.83 Consensus Target Price from Analysts
Author: 0 QinetiQ Group plc (QQ) Receives GBX 264.83 Consensus Target Price from Analysts

Mai Capital reported 86,620 shares. Parker Hannifin Corp now has $20.27B valuation. Among 8 analysts covering NeoPhotonics ( NYSE:NPTN ), 7 have Buy rating, 0 Sell and 1 Hold. It has a 9.11 P/E ratio. The Energy Supply & Services-UK & Ireland segment includes UK Home, UK Business and Ireland. Among 11 analysts covering IPG Photonics ( NASDAQ:IPGP ), 8 have Buy rating, 0 Sell and 3 Hold.

Markets Uber Set for Changes Over Harassment Issues
Author: 0 Uber Set for Changes Over Harassment Issues

Under Kalanick , Uber has shaken up the taxi industry in hundreds of cities and turned the San Francisco-based company into the world's most valuable startup. However, the chief executive has acknowledged that his management style requires improvement - with the 40-year-old recently admitting he needed to "fundamentally change and grow up".

Markets Chance honored by Obama, '90s nostalgia rules at BET Awards
Author: 0 Chance honored by Obama, '90s nostalgia rules at BET Awards

He also acknowledged his youth and admitted that he felt he was maybe too young to get such a prestigious honor. "I had plans originally to try and tell the world and everybody watching how to make it a better place", he said before criticizing Chicago Public Schools' finances, calling for lesser sentences for non-violent drug offenses, and asking for justice in police-involved shootings.

Author: 0 Italy makes 5.2B euros in resources to keep 2 banks afloat

Intesa , Italy's biggest retail bank, has paid a symbolic one euro for the two banks' good assets. Milan-based Intesa can initially tap about €5.2 billion to take on some assets without hurting capital ratios, he said . Rome will provide a further " guarantee " of 400 million euros, Padoan said, with the remaining cash going to cover a huge hole due to bad loans.

Markets 'Like bombs': Bankrupt Takata's airbags still out there
Author: 0 'Like bombs': Bankrupt Takata's airbags still out there

Rival Key Safety Systems , based in suburban Detroit, will buy most of Takata's assets for $1.6 billion and take over its manufacturing operations to make seat belts, air bags and other automotive safety devices, according to two people briefed on the matter.

Author: 0 Uber founder Travis Kalanick resigns as CEO

The investors demanded Kalanick's resignation in a letter delivered to him while he was in Chicago. Travis Kalanick was one of the main founders of Uber in 2009 and his departure was caused by a multitude of pressures within the company and personal difficulties.

Markets Can Amazon persuade enough people to buy fresh food online?
Author: 0 Can Amazon persuade enough people to buy fresh food online?

Amazon's deal to buy a U.S. grocery chain signals a significant threat to food retailers. Amazon's almost $ 14 billion deal for Whole Foods will have huge ramifications for the biggest players in the grocery business . "Usually acquisitions are about financial extraction from a business, but this was a brilliant bypass around Jana, an activist investor". "Assuming the deal passes regulatory muster, the near future of Whole Foods shopping could well involve never walking down a ...

Markets Supreme Court sides with same-sex couples in Arkansas suit
Author: 0 Supreme Court sides with same-sex couples in Arkansas suit

Pew's survey was conducted by telephone among 2,504 adults across the USA from June 8 to 18. The supreme court of Arkansas ruled that same-sex partners of mothers can not be named on a birth certificate because "In the situation involving the female spouse of a biological mother, the female spouse does not have the same biological nexus to the child that the biological mother or the biological father has".

Markets Qatar row: United Nations warns of human rights violations
Author: 0 Qatar row: United Nations warns of human rights violations

Qatar on Wednesday said it has pulled out its 450 troops deployed at the disputed border line of Eritrea and Djibouti since seven years ago. Owing to this, the nations chose to end all diplomatic ties with Qatar . Cavusoglu will also visit Saudi Arabia following his visit to Qatar . "This would appear to be a clear violation of the right to freedom of expression or opinion", he said in a statement issued before the Bahraini announcement.

Markets Burling, Team New Zealand reach match point in America's Cup
Author: 0 Burling, Team New Zealand reach match point in America's Cup

Burling , a 26-year-old Olympic gold medallist in 2016, was cool and composed as he "luffed" and trapped the more experienced match-racing specialist Spithill in the "pre-start" of the day's second race, forcing the U.S. "We had a really good understanding of what they were trying to be able to do with their starts and a good strategy to oppose it. And by the end of the first upwind leg Emirates Team New Zealand led by 32".

Markets US Durable Goods Fall More than Expected in May
Author: 0 US Durable Goods Fall More than Expected in May

Excluding transportation goods, orders actually ticked up 0.1 per cent, after dropping the previous month. The broad slowdown in equipment orders and shipments raises the risk that business investment will provide less of a boost than anticipated to the economic rebound this quarter, leaving the heavy lifting to household spending.

Markets Don't Read Too Much Into Early Results of Raising Local Minimum Wages
Author: 0 Don't Read Too Much Into Early Results of Raising Local Minimum Wages

It found that only about 25% of low wage workers benefited from the increase while most were hurt by it because of a significant decrease in both hours worked and low wage jobs overall. Jacob Vigdor , one of the University of Washington economists involved in the study, explained the goal of the policy was to help people make more money but, had the opposite effect.

Markets Gasoline Prices in Wyoming and the US are Down
Author: 0 Gasoline Prices in Wyoming and the US are Down

The average fell 7 cents in Florida to $2.20 and 4 cents in Georgia to $2.11. The national average has decreased 11.5 cents per gallon during the last month and stands 5.7 cents per gallon lower than this day a year ago. "It's fantastic we're staring at some of the cheapest prices of the year as the holiday comes into view", said Patrick DeHaan , senior petroleum analyst at GasBuddy .

Markets Oil trims biggest monthly loss since July as fund optimism wanes
Author: 0 Oil trims biggest monthly loss since July as fund optimism wanes

Baker Hughes said USA drillers added 11 oil rigs last week, the biggest increase in three weeks. In 2014 a supply glut sent the oil market off balance, which triggered the collapse of oil prices in the last few years. I suspect this news will come in as the market nears the last main top at $45.28. Brent crude futures were 4 cents higher at $44.86/barrel, after falling 2.6pc in the previous session to their lowest since August 2016.

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