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Low CPI inflation makes analysts confident of a cut in rates


The economy grew at a 1.2 percent annualized rate in the first quarter, held back by a near stall in consumer spending and a slower pace of inventory investment. The slew of data comes ahead of the end of the Federal Reserve's two-day meeting on Wednesday, after which most market watchers expect the FOMC to announce a rate hike. Lire la suite »

Keep track of Analyst's Recommendation: JC Penney Company, Inc. (JCP)


C. Penney Company, Inc . Holding Company during the fourth quarter worth approximately $100,000. Vanguard Group Inc. boosted its stake in shares of J.C. If you look at the company's income statement over the past years, you will see that the company is constantly posting gross profit: In 2014, JCP earned gross profit of 4.26 Billion, in 2015 4.55 Billion gross profit, while in 2016 J. Lire la suite »

Fed raises key rate, unveils plan to reduce bond holdings

Fed Chair Yellen emphasized she is not anxious about low inflation creating economic problems. "We're already seeing this in the seniors housing markets with many anecdotal stories by operators of rising wage pressures associated with shortages of labor and with higher minimum wages being pursued in many states", Mace said. Lire la suite »

Western Digital expects ruling on injunction request by mid-July


Reilly Financial Advisors LLC increased its stake in shares of Western Digital Corporation by 49.8% in the first quarter. This news release contains certain forward-looking statements, including statements concerning the JVs, SanDisk's rights under the JV agreements and Western Digital's or SanDisk's actions in response to Toshiba's agreement to sell its memory business. Lire la suite »

Johannesburg taxi strike turns violent, snarls traffic


Johannesburg Metro Police Department spokesperson Wayne Minnaar told News24 that taxis were blocking roads and travelling on the N1, N3 and N12. "The police officers have been sent to that spot". We sympathise with the taxi industry in this regard. The JMPD's Edna Mamonyane is warning motorists not to confront strikers. MEC Panyaza Lesufi has advised parents to take their children to school, rather than allowing them to taxi there, due to safety concerns. Lire la suite »

Les prix à la conso stables en mai — Insee


Corrigé des variations saisonnières, il s'est replié de 0,2 %. La stabilité des prix à la consommation en mai 2017 s'explique en grande partie par la compensation entre le rebond saisonnier des tarifs des produits frais (+ 3,6 % sur le mois) et le nouveau recul des prix de l'énergie dont celui du gaz naturel . Lire la suite »

Anglo American plc (AAL) Receives Sell Rating from Liberum Capital

The company was maintained on Thursday, February 9 by Berenberg. The firm has "Buy" rating given on Wednesday, March 1 by Citigroup. JP Morgan maintained the shares of ARW in report on Thursday, May 12 with "Overweight" rating. Macquarie Research downgraded the stock to "Neutral" rating in Tuesday, June 6 report. The analysts estimated mean EPS at 0.5 while the high and low EPS estimate stand at 0.5 and 0.5 respectively. Lire la suite »

Vident Investment Advisory LLC Buys New Position in Fifth Third Bancorp (FITB)


On Tuesday , Shares of Fifth Third Bancorp (NASDAQ:FITB), gained 0.56% to $25.33. The company has market cap of $14.75 billion. The firm has a 50-day moving average of $24.47 and a 200 day moving average of $25.90. Cubist Systematic Strategies Ltd Liability Com has 0.11% invested in Fifth Third Bancorp (NASDAQ:FITB) for 49,011 shares. The Advisor Partners Llc holds 100,582 shares with $11.65M value, up from 91,149 last quarter. Lire la suite »

Draghi Says ECB Needs Patience as Inflation Stays Subdued

While the European Central Bank lifted economic growth projections, it said it saw inflation of 1.5 percent in 2017 and 1.3 percent in 2018, compared with its March forecasts of 1.7 percent and 1.6 percent respectively. Draghi explained that the European Central Bank had increased growth forecasts, raising their GDP forecast for this year to 1.9% from the prior 1.8%. Lire la suite »

UK central bank divided over whether to raise interest rates


Their call for higher borrowing costs follows figures that show inflation has risen further above the Bank's target of 2.0%. The BOE did note all three dissenters would wish to increase rates at a gradual pace and to a limited extent. The central bank was widely expected to remain cautious at its latest monetary policy committee meeting, particularly given the inconclusive election last week and the precarious position of the United Kingdom economy ahead of Brexit talks. Lire la suite »

Gerdau (GGB) Receives Media Impact Rating of

Comerica Bank boosted its position in shares of Gerdau SA by 1.5% in the first quarter. Itau Unibanco Holding S.A. now owns 1,263,916 shares of the basic materials company's stock worth $3,438,000 after buying an additional 598,838 shares in the last quarter. Lire la suite »

Man robs bank to escape wife, sentenced to home-confinement


Ripple went to the Bank of Labor - a block from the Kansas City, Kansas, police headquarters - last September and gave a note to a teller saying he had a gun and demanding money. His public defender told the court that ripple had lived a law-abiding life and was in a stable relationship with his wife. He has four step children, the report said. Lire la suite »

Majestic Wine toasts turnaround plan despite loss


Majestic noted that sales are growing "at double-digit rates in a very tough market", driven partly by the "fabulous growth" of Naked Wines , but also "critically" by a return to like-for-like sales growth in the core retail business. In other Majestic Wine PLC news, insider James Crawford sold 25,294 shares of the firm's stock in a transaction that occurred on Tuesday, April 25th. Lire la suite »

Saudi firm raises Careem's investment to $500m


Venture capital firm DCM Ventures and hedge fund Coatue Management also took park in the Uber-rival's fundraising, Careem added in the statement. Careem now operates in more than 50 cities across 13 countries and hosts over 10 million users and 250,000 captains (drivers) in the Middle East, North Africa and South Asia region. Lire la suite »

Qatari man to fly 4000 cows into country to maintain milk supplies

A crisis in the Persian Gulf began last week when Saudi Arabia, Egypt, Bahrain, the United Arab Emirates and several other countries severed relations with Qatar. As previously reported, Qatar Airways has maintained near regular operations despite having to avoid UAE, Bahrain, and Saudi airspace. "A very grave mistake is being made in Qatar, isolating a nation in all areas is inhumane and against Islamic values". Lire la suite »

Which Analysts Are Watching Hornbeck Offshore Services (NYSE:HOS)?


It has outperformed by 4.93% the S&P500. ValuEngine cut shares of Hornbeck Offshore Services (NYSE: HOS ) from a sell rating to a strong sell rating in a research note released on Friday, June 2nd. Other analysts have also issued reports about the company. Iberia Capital Partners downgraded Hornbeck Offshore Services, Inc. Hornbeck Offshore Services has a 1-year low of $1.51 and a 1-year high of $9.82. Lire la suite »

Indian equity markets slip on US Fed rate-hike


The Fed on Wednesday raised the fed funds target rate for the third time in seven months, to 1.00%-1.25%. In the currency market, the Australian dollar is higher against the US dollar on Thursday. The central bank acknowledged the continuous progress in labor market while expressed their concerns over weak inflation. Supporting that view, members of the policymaking Federal Open Market Committee indicated that they expected one more 0.25 percentage point increase this year and three ... Lire la suite »