Money

How major U.S. stock market indexes fared on Friday

At 2:25 pm ET, the Dow Jones Industrial Average was down 0.28 percent at 20,671.29 points, while the S&P 500 had lost 0.10 percent to 2,365.55. Real estate companies led the gainers. NantHealth didn't fare as well. DIALED IN: BlackBerry surged 15 per cent after the company delivered a surprise fourth-quarter profit. The stock shed 13 cents to $4.96. Read More

Continue Reading »

Brexit Makes Gibraltar's Future Uncertain As EU Negotiating Position Gives Spain Veto

Brexit Makes Gibraltar's Future Uncertain As EU Negotiating Position Gives Spain Veto

Spain has a long-standing territorial claim on Gibraltar , which has been held by the United Kingdom since 1713 and now has the status of British Overseas Territory. Beside Gibraltar , the Council guidelines include other United Kingdom border issues affected by Brexit, including between Nothern Ireland and the Republic of Ireland, where "flexible and imaginative solutions will be required", to avoid a hard border, the text says . Read More

Continue Reading »

Trump, Ryan go public with fight against Freedom Caucus

Trump, Ryan go public with fight against Freedom Caucus

When it came time to negotiate on the health care bill, the Freedom Caucus chose to go around House leadership and work directly with the White House. "I don't want that to happen", Ryan told the CBS program "This Morning" program, referring to Trump's offer to work with Democrats. Trump the above-the-fray outsider is collaborating with dealmaking career insiders to sideline one of the only principled Beltway blocs, even before showing any ability to woo Democrats over to Trump's ... Read More

Continue Reading »

Musk startup Neuralink seeks to get brains to interface directly with computers

Not quite content with infiltrating garages, roofs and lunar orbit, Elon Musk has set his sights on another target - the brain. According to the Guardian , he wanted to pioneer on this because no one is doing it. He is also one of the sponsors of Open A.I., a non-profit artificial intelligence research company. Through this, humans can travel to another habitable planet for hundreds of years at fractions of the speed of light. Read More

Continue Reading »

Senior vice internal affairs minister makes rare visit to Taiwan

Senior vice internal affairs minister makes rare visit to Taiwan

March 28 (ANI): China has expressed firm opposition and lodged representations over a Japanese official's visit to Taiwan saying the visit breaches the commitment made by Tokyo to interacting with Taiwan only at non-governmental level. Defeated Nationalist forces fled to Taiwan in 1949 at the end of a civil war with the Communists. Akama reportedly told local media before leaving to Taiwan that he wished to seek no changes to Sino-Japan or Japan-Taiwan ties. Read More

Continue Reading »

Trump notches his 13th golf course visit

Trump notches his 13th golf course visit

President Donald Trump returned to the golf course this weekend for the 13th time since taking the oath of office on January 20. Pence also met with Ronald Reagan Foster, who owns the company, and his wife, Nancy Reagan Foster. Obama played golf about once every 8.8 days compared to Trump who has likely played once every 5.5, according to the Washington Post . During Trump's campaign speech in Virginia last August he said he wouldn't have " time to go play golf". Read More

Continue Reading »

Foreign Exchange : CBN instructs banks to sell forex at N360/$1

Foreign Exchange : CBN instructs banks to sell forex at N360/$1

The CBN spokesmen reiterated the bank's directive to all banks to process and meet the demand for Travel Allowances (TA) by end-users within 24 hours of such application. The central bank, under pressure from the government to narrow the gap between the official and black market rates and support the weakening naira, has stepped up dollar sales on the official interbank market in recent weeks. Read More

Continue Reading »

PT Review for Canadian Solar Inc. (NASDAQ:CSIQ) Shares

PT Review for Canadian Solar Inc. (NASDAQ:CSIQ) Shares

Canadian Solar said it is "vigorously contesting" the early results of the department's revised anti-dumping and other tariffs on Chinese-manufactured solar panels, which are "hugely different from the past rates imposed on the company". The firm had revenue of $668.40 million for the quarter, compared to analysts' expectations of $698.57 million. During the same quarter in the previous year, the company earned $1.05 EPS. Read More

Continue Reading »

London Mayor: 'My Heart Goes Out to Those Who Lost Loved Ones'

Mr Trump linked to a report of the interview in a tweet , saying "You have to be kidding me?!" How do you think London's mayor Sadiq Khan will respond to the terrorist attack, will he stand by his statement that it is just "part and parcel" of living in the big city? As of early evening local time , London authorities said that one person had been killed and at least 10 injured after a vehicle hit pedestrians on Westminister Bridge, with a police officer reported stabbed nearby at ... Read More

Continue Reading »

9.8M Viewers Watched French Presidential Debate - Agency

Polls show him trailing Macron, a former economy minister who is running as an independent, and Marine Le Pen of the far-right National Front, and failing to make it into the second round runoff. Given that he was expected to be the main punchbag the En Marche candidate will just be happy to emerge fairly unscathed. While Le Pen spoke broadly of a need for " economic patriotism " and higher taxes on companies that outsource jobs, other candidates didn't challenge her proposed duties on ... Read More

Continue Reading »

Loonie weakens as oil prices outweigh wholesale trade data

Loonie weakens as oil prices outweigh wholesale trade data

Federal Open Market Committee member Charles Evans speaks this afternoon and Fed Chair Janet Yellen will also speak on Thursday. This might seem daunting, at first, but NerdWallet mortgage analyst Tim Manni confides: "For consumers now shopping for a mortgage to purchase a property or refinance an existing loan, shouldn't feel like a real shock to the system since the rate move has already been "baked" into the market". Read More

Continue Reading »

Uber President Quits in Response to Controversies

Uber President Quits in Response to Controversies

After a video surfaced earlier this year, showing Kalanick arguing with an Uber driver, the CEO admitted he needed leadership help, and announced his search for a new chief operating officer . She said there's an "absolute commitment that the findings will be made public and that they will inform all the actions". "After we announced our intention to hire a COO, Jeff came to the tough decision that he doesn't see his future at Uber ", Travis issued the note in the meantime. Read More

Continue Reading »

Gold, silver trade higher in early trade

Gold, silver trade higher in early trade

This, as the US dollar hit a five-week low following the Federal Reserve's cautious message on interest rates, thus making bullion cheaper for holders of non-U.S. "This was the best scenario indeed, because the Fed is confident enough to hike, confident enough in the US economic performance but it also doesn't sound in the mood to take away the punch bowl". Read More

Continue Reading »

Valeant Dives To 8-Year Low After Ackman 'Throws In The Towel'

Valeant Dives To 8-Year Low After Ackman 'Throws In The Towel'

Valeant shares closed Monday at $12.11, down from a record high of $263.81 in August 2015. According to Yahoo Finance, the price target for the company which analysts are aiming is 55. The streaming radio specialist said that it would launch an on-demand music streaming service beginning on Wednesday, and investors weren't impressed with the company's strategic decision. Read More

Continue Reading »

Volkswagen pleads guilty in United States for Dieselgate-related charges

Volkswagen pleads guilty in United States for Dieselgate-related charges

The German automaker continues to wrestle with the fallout from its September 2015 admission that it rigged as many as 11 million diesel vehicles worldwide to cheat on emissions tests. And that's in the USA alone - these cars were shipped worldwide, so the automaker must deal with governments and customers around the world. "Volkswagen deeply regrets the behavior that gave rise to the diesel crisis", the company said in an emailed statement after the hearing. Read More

Continue Reading »

Gander Mountain to close Charleston location

Gander Mountain to close Charleston location

The company plans to have normal business hours during the restructuring process. No word on when the Augusta location will close or how local employees will be affected. The company says they have experienced challenging traffic patterns and shifts in consumer demand resulting from increased direct-to-customer sales by key vendors and accelerated growth of e-commerce. Read More

Continue Reading »

Sources say PSA Group to announce Opel purchase

GM has not turned a full-year profit in Europe since 1999 and since then has lost billions battling high labor costs and an intensely competitive auto sales market. PSA likely used a non-compete clause to help convince GM to pay more into the pension. That was the 16th consecutive loss-making year for GM in Europe, bringing its cumulated losses on the continent since 2000 to more than $15bn. Read More

Continue Reading »

Crude Oil Prices Plunge Following Record US Oil Inventories

In the short term, OPEC will downplay the renewed growth in shale output and emphasize its own compliance with announced production cuts. Reports about ambitious plans for expanding Iraq's refining capacity contributed to the pessimism, but Oil Minister Jabar al-Luaibi reassured the market that Iraq will stick to its undertaking in the production cut agreement, adding that it plans to tender five new refineries on an investment basis, and expand existing ones, a lot of them damaged during ... Read More

Continue Reading »

THE DOCTOR IS IN: Senate Confirms Ben Carson As HUD Secretary

THE DOCTOR IS IN: Senate Confirms Ben Carson As HUD Secretary

The vote cleared the way for the retired neurosurgeon and former Republican presidential candidate to assume the post of secretary of the Department of Housing and Urban Development (HUD). There is still support coming in from other politicians, albeit mostly Republicans, congratulating Carson. "Dr. Carson knows that removing regulatory barriers is a necessary component of any national housing policy and that housing is key to the long-term health of the US economy". Read More

Continue Reading »

Again, Nigeria's Manufacturing Index Declines in February

Again, Nigeria's Manufacturing Index Declines in February

Of 18 manufacturing industries the index tracks, 17 reported growth, led by textile mills and apparel, leather and allied products. The February PMI, the index used by the ISM to measure growth, came in a 57.7 (a reading of 50 or higher indicates growth), which was 1.7 percent ahead of January, marking the highest monthly PMI reading going back to August 2014's 57.9. Read More

Continue Reading »

RBS trebles deficit with £7billion loss in 2016

RBS trebles deficit with £7billion loss in 2016

Ross McEwan, RBS's eternally hopeful chief executive, says better days are just around the corner. "These costs are a stark reminder of what happens to a bank when things go wrong", McEwan said in a statement. The bank now has a £6.8bn war chest to cover U.S. litigation costs, but if the bill exceeds that number, RBS will have to put its hand in its pocket again. Read More

Continue Reading »