Markets

Markets Rains may drown Maximum City, but they have brought Mumbaikars together
Author: 0 Rains may drown Maximum City, but they have brought Mumbaikars together

As a precautionary measure, schools and colleges remained closed on Wednesday (30 August) as more rains are expected. "Due to this rainfall, the rivers Mahi, Sabarmati, Banas, Godavari and its tributaries, Krishna and its tributaries, west-flowing rivers south of Tapi, Cauvery and its tributaries are likely to rise and create low to moderate flood in few locations", a government advisory warned as cited by The India Times .

Markets Qantas re-routes Sydney-London flights via Singapore
Author: 0 Qantas re-routes Sydney-London flights via Singapore

The airline also announced that they will be upgrading their Melbourne to Singapore aircraft from an A330 to an A380 airbus, starting March 2018. Qantas said it expected a benefit of more than A$80 million ($63 million) a year to the airline from fiscal 2019 from the renewed alliance.

Markets Oil Prices Set To Rise as Supply-Demand Gap Closes Up
Author: 0 Oil Prices Set To Rise as Supply-Demand Gap Closes Up

The Gulf accounts for almost half of total US refining capacity. Meanwhile, oil production offshore was also affected. "Cenovus and Husky, because they have Midwest refining assets - as does Suncor in Denver - they'll probably see more of the strength in product prices than we'll see in Ontario or Alberta ( refineries )".

Markets TSX nudges higher as National Bank rises, energy tempers gains
Author: 0 TSX nudges higher as National Bank rises, energy tempers gains

Gold stocks led gainers as Kinross Gold rose 20 cents, or 3.8 percent, to 5.49 Canadian dollars while Goldcorp took on 54 cents, or 3.3 percent, to 16.84 Canadian dollars. Individual losses were modest, however, with Enbridge Inc slipping 0.5 percent to C$49.56. Technology stocks added 1.3 percent, with Shopify Inc SHOP.TO jumping 4.7 percent to C$136.82.

Markets Buffett's $13B bonanza: Move makes billionaire Bank of America's largest shareholder
Author: 0 Buffett's $13B bonanza: Move makes billionaire Bank of America's largest shareholder

Warren Buffett goes by many names: The Oracle of Omaha , billionaire investor, CEO, president and Chairman of Berkshire Hathaway Inc. That was just what Berkshire was waiting for . The top bidder, who chose to remain anonymous this year, paid US$2.68 million to bring as many as seven friends to lunch with the billionaire at Smith & Wollensky steakhouse.

Markets Shame on you, Chidambaram tells RBI after it releases note ban data
Author: 0 Shame on you, Chidambaram tells RBI after it releases note ban data

The Reserve Bank of India's FY17 annual report has revealed that around 99% of the demonetised currency is back in the banking system. It said in its annual report for 2016-17 that only Rs 16,050 crore out of the Rs 15.44 lakh crore of the old high denomination notes has not returned.

Author: 0 Ted Cruz's Actions Are Disgusting, Says Republican Governor

Cruz dismissed as "political insults" reminders that he and others in the delegation withheld support for the Sandy supplemental spending bill pushed by NY and New Jersey lawmakers . According to Associated Press estimates, the federal government has - for now - enough disaster aid money to deal with the immediate aftermath of Hurricane Harvey , but the ongoing storm appears sure to require a multibillion-dollar recovery package as did Hurricane Katrina and Superstorm Sandy .

Markets Insider WATSON DAVID N sold 19578 Shares Of Comcast Corporation (CMCSA)
Author: 0 Insider WATSON DAVID N sold 19578 Shares Of Comcast Corporation (CMCSA)

The stock declined 0.27% or $0.15 reaching $54.87 per share. About 1.32M shares traded. It has outperformed by 12.26% the S&P500. Armistice Capital Llc increased Las Vegas Sands Corp (LVS) stake by 66.2% reported in 2016Q4 SEC filing. Barclays Capital has "Overweight" rating and GBX 610 target. Credit Suisse upgraded the stock to "Neutral" rating in Tuesday, October 13 report. Pivotal Research maintained the stock with "Buy" rating in Thursday, July 27 report.

Markets Cisco Systems, Inc. (CSCO) Stock to observe with 3.68% Dividend Yield
Author: 0 Cisco Systems, Inc. (CSCO) Stock to observe with 3.68% Dividend Yield

Dorsey Whitney Tru Ltd Liability Company invested in 45,700 shares or 0.31% of the stock. About 13 shares traded. Cisco Systems, Inc. has its outstanding Shares of 4.97 Billion. It increased, as 81 investors sold CSCO shares while 635 reduced holdings. A number of other hedge funds and other institutional investors have also recently made changes to their positions in the stock.

Markets Hurricane Harvey ratchets up pressure for OPEC to rebalance the market
Author: 0 Hurricane Harvey ratchets up pressure for OPEC to rebalance the market

Harvey rolled into Texas on Friday as a Category Four hurricane, tearing down homes and businesses on the Gulf Coast, and triggering massive floods. Benchmark U.S. gasoline futures were little changed on Tuesday, having surged nearly 7 percent on Monday to reach $1.7799 a gallon. In fact, many United States offshore Gulf of Mexico barrels have been exported to Asia this year.

Markets American Midstream Partners LP (AMID) Needle Moving on Volume
Author: 0 American Midstream Partners LP (AMID) Needle Moving on Volume

Magellan Midstream Prtnrs Lp (Call) now has $15.02 billion valuation. Alps Advisors continues to be the top holder, despite its unloading of 0.43 million shares in the recent quarter. It has a 43.35 P/E ratio. The Company's assets are primarily located in the Bakken and Three Forks shale plays in the Williston Basin area of North Dakota.

Markets Flooding from Harvey the biggest risk to U.S. energy sector
Author: 0 Flooding from Harvey the biggest risk to U.S. energy sector

Say hello to Irma, the next tropical storm to form in the eastern Atlantic. Five days after Harvey first made landfall, the Federal Emergency Management Agency said it's still in "lifesaving, life-sustaining" mode, with recovering survivors being the top priority.

Markets Harvey impacting gas prices in Kansas City
Author: 0 Harvey impacting gas prices in Kansas City

Sacramento, CA, August 27- Average retail gasoline prices in Sacramento have risen 0.6 cents per gallon in the past week, averaging $2.87/g yesterday, according to GasBuddy's daily survey of 720 gas outlets in Sacramento. The national average could climb to $2.50 as a result of Harvey. He suggested retailers could use the wholesale price increase as an excuse to raise prices to boost profit margins.

Markets Chemical company warns: 'No way to prevent' explosion at Houston plant
Author: 0 Chemical company warns: 'No way to prevent' explosion at Houston plant

Back-up generators have largely been inundated with water. The company said it opted not to move chemicals before the storm but made extensive preparations. The factory has been without electricity since Sunday, and back-up generators started failing before workers were evacuated on Tuesday. "Arkema is limited in what it can do to address the site conditions until the storm abates".

Markets Pacemaker patch passes probe by Food and Drug Administration
Author: 0 Pacemaker patch passes probe by Food and Drug Administration

Abbott says that new pacemakers made as of 28 August will come pre-patched with the update, and both the company and FDA say that already-implanted devices should not be physically replaced due to cybersecurity concerns. 465,000 implanted pacemakers are now eligible for the new software updates. The patch comes eight months after Abbott released an update meant to fix a vulnerability with the device now providing pacemaker authorization, namely Merlin@home Transmitter.

Markets Cortana and Alexa are coming together as a Partnership
Author: 0 Cortana and Alexa are coming together as a Partnership

But digging has found that the speaker company recently filed papers for a new smart speaker device, likely to rival Amazon Echo and other voice-controlled hubs . Both Amazon and Microsoft are more than capable of expanding the powers of their digital assistants without any help. Excitingly, this also suggests you'll be able to do things like schedule recording times on connected TV platforms like EE TV and YouView via Cortana , as well as make use of the many new skills being ...

Markets Economic Growth Reached 3 Percent in Second Quarter Rebound
Author: 0 Economic Growth Reached 3 Percent in Second Quarter Rebound

It also represents a significant bounce from the anemic 1.2 percent growth rate reported for the first quarter of 2017. Trump frequently touts good economic news and accuses the media of failing to cover it. "Underlying domestic demand in the economy is consistent with near three percent growth but the supply-side of the economy is not capable of delivering such a pace of growth at this point", John Ryding, chief economist at RDQ Economics in NY, told CNBC .

Markets Uber's CEO pick is no fan of Trump
Author: 0 Uber's CEO pick is no fan of Trump

With a $68 billion valuation by private investors, Uber is the most valuable startup Silicon Valley has produced over the last decade, but funders have grown frustrated by the lack of timeline for getting their payouts. 'What got us here is not what's going to get us to the next level'. He joined San Francisco-based Uber's all-hands staff meeting Wednesday to take questions from employees.

Markets Porsche shows off 2019 Cayenne ahead of Frankfurt
Author: 0 Porsche shows off 2019 Cayenne ahead of Frankfurt

The styling is immediately identifiable, but unlike the Cayenne's first two generations, it's much conservative, nearly anonymous. But even now, the Cayenne gets from 0 to 60 miles per hour in as little as 5.6 seconds, and the Cayenne S does it in 4.6 - so neither of these Porsche SUVs should be described as "slow", if you're looking for performance.