Finance

Stocks with low PE can be considered good bargains as their growth potential is still unknown to the market. Shares of Prospect Capital stock remained flat at $$6.66 during midday trading on Wednesday . At the time of writing, this stock has a consensus price target set at $5.75 and average analyst rating set to Moderate Sell. With these types of results to display analysts, are more pessimistic than before, leading 0 of analysts who cover Prospect Capital Corporation (NASDAQ: PSEC ) ...
  • Voter turnout in Karnataka revised to 72.13%, highest since 1952 Assembly polls

    Voter turnout in Karnataka revised to 72.13%, highest since 1952 Assembly polls

    Finance

    India Today-Karvy did an opinion poll in April that predicted a hung assembly in the state. The Congress is led by Chief Minister Siddaramaiah and the opposition BJP is spearheaded by BS Yeddyurappa. remaining 10 seats shared by other parties. If exit polls are to be believed, JD (S) with around 40 seats could hold the key to the next government in Karnataka .
  • Tesla Model S crashes into truck in Utah

    Tesla Model S crashes into truck in Utah

    Finance

    Mr Musk said the restructuring plans involve flattening the management structure to improve communication, as well as trimming activities not vital to the success of our mission. He said Tesla's record of a fatality every 320 million miles compared with last year's national average of 86 million miles, per safety regulators. In another Twitter message on Monday, Musk said the "probability of fatality is much lower in a Tesla", saying Tesla would begin reporting safety numbers beginning in ...
  • Welch & Forbes LLC Has $23.39 Million Stake in General Electric (GE)

    Finance

    Holderness Investments Company who had been investing in General Electric Co for a number of months, seems to be less bullish one the $127.94B market cap company. Waters Parkerson & Ltd Liability Corporation reported 1.21% of its capital in General Electric Company (NYSE:GE). The institutional investor is holding 368,645 shares, compared to the 169,131 from the previous quarter.
  • Victoria introduces new tax for betting companies

    Victoria introduces new tax for betting companies

    Finance

    The companies have pushed for a lower tax rate through their industry group Responsible Wagering Australia (RWA), claiming that they should be taxed under a lower rate in order to keep their businesses alive. According to Mr. Conroy, the implementation of the new tax would reslt in the state of Victoria having one of the largest betting tax rates on a global scale.
  • Rio Tinto (RIO) Price Target Raised to GBX 4700

    Finance

    On Thursday, February 15 Jefferies maintained Rio Tinto plc (NYSE:RIO) with "Buy" rating. The Volatility 6m is the same, except measured over the course of six months. Similarly, the Earnings Yield Five Year Average is the five year average operating income or EBIT divided by the current enterprise value. Rio Tinto has a 52 week low of GBX 2,882.50 ($39.10) and a 52 week high of GBX 4,226.56 ($57.33).
  • Kaspersky shifts all data for Australian customers from Russian Federation to Switzerland

    Kaspersky shifts all data for Australian customers from Russian Federation to Switzerland

    Finance

    As well as data on Western customers plus those in Singapore, Japan and South Korea, the facility will host a "software build conveyer" - tools used to assemble ready-to-use software out of source code . Kaspersky Lab hoping to have the transition completed by the end of next year. Today's announcement of the Kaspersky Zurich Transparency Center also comes a day after the Dutch government announced plans to phase out the usage of Kasperksy products on government systems as "as a ...
  • Vittorio Colao steps down after decade at Vodafone

    Vittorio Colao steps down after decade at Vodafone

    Finance

    Mr Colao was appointed group chief executive in July 2008. Comcast is now locked in a bidding war with 21st Century Fox for European pay-TV group Sky and Comcast is said to be considering gate-crashing Fox's transaction with Disney . After registering a net loss of €6.1 billion past year, Vodafone made a profit of €2.9 billion this time around on revenues that dipped 2.2 percent to €46.6 billion.
  • NYDFS Grants Approval for Gemini Exchange to Add Zcash Support

    NYDFS Grants Approval for Gemini Exchange to Add Zcash Support

    Finance

    Privacy coin Zcash has surpassed all other altcoins in the top 100 during today's trading by surging 45% on the day. The exchange has supported daily bitcoin auctions since September 2016 and daily Ether auctions since July 2017. While the price of ZCash has already increased by more than 40 percent, the Relative Strength Index (RSI) of Zcash is still in the neutral zone at 66 and both exponential and simple moving averages are demonstrating a positive short-term trend for Zcash .
  • Another Airline Is Cracking Down On Emotional Support Animals

    Another Airline Is Cracking Down On Emotional Support Animals

    Finance

    The changes take effect July 1. Under the legislation, people who have mental disabilities who need to travel with emotional support or "psychiatric service" animals may still be able to fly with their animals. Minnesota and Arizona are among states that have made it illegal to falsely claim a pet as a service animal. "Unfortunately, untrained animals can lead to safety issues for our team, our customers and working dogs onboard our aircraft".
  • SPDR S&P Internet ETF (XWEB) Rises 0.66% for May 13

    SPDR S&P Internet ETF (XWEB) Rises 0.66% for May 13

    Finance

    The main usage of the Parabolic SAR is for trailing stops and exit points. Ichimoku Kinko Hyo, which translates to "equilibrium at a glance chart", was developed to allow a trader to quickly and easily appraise the trend, momentum, and support and resistance levels of an asset, from a single chart.
  • Nxp Semiconductors NV (NASDAQ:NXPI) on Focus After Report of More Shorts

    Nxp Semiconductors NV (NASDAQ:NXPI) on Focus After Report of More Shorts

    Finance

    Utilities down 2.30 pct. For more NXP Semiconductors N.V. (NASDAQ: NXPI ) news brought out briefly go to: Seekingalpha.com, 247Wallst.com, Globenewswire.com, Globenewswire.com or Nasdaq.com. Trading volume is an essential technical indicator a shareholder uses to confirm a trend or trend reversal. Comparison between moving averages of different time periods can also show market momentum.
  • Symantec says investigating reporting of certain accounting measures

    Symantec says investigating reporting of certain accounting measures

    Finance

    Watching some historical volatility numbers on shares of Symantec Corporation (NasdaqGS: SYMC ), we can see that the 12 month volatility is presently 42.830300. Massachusetts Ma owns 1.75 million shares or 0.02% of their U.S. portfolio. The ex-dividend date of this dividend is Thursday, June 7th. Symantec's dividend payout ratio is 31.58%.
  • Analysts Insights on Geron Corporation (GERN)

    Finance

    A moving average (MA) is a trend-following or lagging indicator because it is based on past prices. The stock is now showing downward return of -9.87% throughout last week and witnessed bearish return of -13.03% in one month period. The Higher end of the revenue forecast is $67.5 Million, while the Lower end of the forecast is $67.5 Million. In total, 1 Wall Street analysts have given this stock a hold rating, with analysts rating it as a strong buy.
  • Weatherstone Capital Management Purchase New Holding in The Home Depot (HD)

    Weatherstone Capital Management Purchase New Holding in The Home Depot (HD)

    Finance

    The ratio has increased, as 195 institutional investors opened new or increased equity positions, while 72 sold and reduced their positions in Commerce Bancshares Inc. For a total of 27,571 shares it reduced its holding in Select Sector Spdr Tr (XLU) by 105,175 shares in the quarter, and has cut its stake in Vaneck Vectors Etf Tr.
  • 28 killed by carbon monoxide after leaving keyless cars running

    28 killed by carbon monoxide after leaving keyless cars running

    Finance

    Another 40 people have been injured, including some with brain damage so severe, they have difficulty performing everyday tasks. However, many automakers are opposed to the new regulation and it hasn't gained much traction. Changes could be coming as the National Highway Traffic Safety Administration has proposed a new regulation which would require vehicles to warn owners when the ignition hasn't been shut off.
  • Seattle Council OKs Lower $50M Annual Head Tax On Big Biz

    Seattle Council OKs Lower $50M Annual Head Tax On Big Biz

    Finance

    The logo of Amazon is seen on a building in San Jose, Costa Rica March 21, 2018. The tax approved Monday is much smaller than the $500-per-head proposal that had been under consideration for many weeks. "I am quite confident that as we move forward, we can continue to have the best city anywhere for people to do business ... this is the city where their workers are going to want to be and that's why they're going to want to be here", she said.
  • Netanyahu praises Trump after USA opens embassy in Jerusalem

    Netanyahu praises Trump after USA opens embassy in Jerusalem

    Finance

    Trump's decision to move the embassy to Jerusalem was controversial because the city is home to holy sites for Jews and Christians and Palestinians wanted to reclaim a part of the city. It also reiterated the UAE's unequivocal position towards the Palestinian cause and its support for the Palestinian people in restoring their legitimate rights in line with worldwide resolutions and the Arab Peace Initiative.
  • Mounting losses could put pressure on PSU banks' lending ability

    Mounting losses could put pressure on PSU banks' lending ability

    Finance

    However, the bank made a rebounding performance in the last quarter, netting a profit of Rs 114.10 crore against Rs 75.55 crore, an increase of 51 per cent compared with the figures for the corresponding period of the previous year. In a filing to the stock exchanges, Allahabad Bank has reported the RBI has advised it to restrict the expansion of risk weighted assets and reduce exposure to risky advances.
  • Hays plc (LON:HAS) Ratings Summary as of May 13, 2018

    Hays plc (LON:HAS) Ratings Summary as of May 13, 2018

    Finance

    About 271,173 shares traded. The stock underperformed the S&P500 by 11.55%. On Friday, February 23 JP Morgan maintained Hays plc (LON:HAS) with "Neutral" rating. The firm earned "Hold" rating on Monday, September 28 by Investec. Rodriguez David A had sold 7,600 shares worth $1.01M. Since December 8, 2017, it had 1 buying transaction, and 9 sales for $30.61 million activity.
  • Guillermo del Toro Horror Anthology Series a Go at Netflix

    Guillermo del Toro Horror Anthology Series a Go at Netflix

    Finance

    Netflix announced the new series today, calling the show a "new genre-defining anthology series". Guillermo del Toro is bringing his brand of horror to Netflix with anthology series Guillermo del Toro Presents 10 After Midnight , according to a Netflix release.
  • Goldman: Oil Prices To Hit $82.50 By The Summer

    Goldman: Oil Prices To Hit $82.50 By The Summer

    Finance

    Looking at United States crude oil stocks, the most recent EIA figures (May 9) showed falling crude oil stocks and falling gasoline inventories. A lot of worldwide locations have already lower reliance on Iranian oil, in addition to different "conventional" sources of provide, attributable to a surge in cheaper US crude exports.
  • Trump's Decision On Iran Could Hike Gas Prices, Hurt Working Families

    Trump's Decision On Iran Could Hike Gas Prices, Hurt Working Families

    Finance

    Iran will prepare for the "industrial scale" production of nuclear fuel even as it seeks guarantees from other countries to honor the Iran deal despite the recent United States' withdrawal from the agreement. "But I expect the price of North Sea Brent to be closer to $80 than $70 a barrel", Seele said in an interview . Our country entered into an agreement with Iran , along with many of our allies.
  • Democratic senators want more info about Michael Cohen from AT&T's Randall Stephenson

    Democratic senators want more info about Michael Cohen from AT&T's Randall Stephenson

    Finance

    Elizabeth Warren of Massachusetts, Richard Blumenthal of CT and Ron Wyden of OR wrote in the letters, which questioned whether the companies were in a pay-for-play operation. However, the initial meeting found Cohen unable to provide the sought-after services, but Novartis claims it was unable to terminate the contract, and had to pay through to its end in February 2018.
  • Centrica trading update hit by cold weather

    Centrica trading update hit by cold weather

    Finance

    The embattled owner of British Gas said February's extreme cold weather and a slowdown in customers fleeing for other providers buoyed its financial performance in the year-to-date, but it warned that more political tinkering in the energy market could harm its future prospects.
  • India Says Closely Monitoring Situation Post US Pullout Of Iran Deal

    India Says Closely Monitoring Situation Post US Pullout Of Iran Deal

    Finance

    The big question now is how the US will treat its allies, which want to maintain the deal despite the U.S.'s withdrawal: Will it take measures against their companies if they continue to do business with Iran? Brent crude futures were at US$77.23 per barrel at 0705 GMT, down 24 USA cents, or 0.3%, from their last close.
  • CBS Sues Controlling Shareholder National Amusements, Accuses Shari Redstone Of Undermining Board

    CBS Sues Controlling Shareholder National Amusements, Accuses Shari Redstone Of Undermining Board

    Finance

    CBS is suing National Amusements , the media company's majority shareholder, alleging that it is violating its fiduciary duty to investors by pushing for a merger with Viacom . The companies separated as independent companies in late 2006. The company said in the suit against National Amusements , which also names Shari Redstone and her father, Sumner Redstone , as defendants, that the proposed deal with Viacom "is not in the best interests of CBS ".
  • Ex-Chipotle manager, accused of swiping $626, awarded $8 million

    Ex-Chipotle manager, accused of swiping $626, awarded $8 million

    Finance

    Except they wouldn't show her the video, and then destroyed it. The panel ruled Ortiz was a victim of a scheme to defame her for filing a worker's compensation claim for a job-related injury to her wrist. On Monday it's reported that both parties will return to court again to determine how much Chipotle must pay Ortiz in punitive damages for maliciously firing her.
  • Retail inflation increases to 4.58% in April

    Retail inflation increases to 4.58% in April

    Finance

    In its first monetary policy review for the fiscal, the Reserve Bank last month maintained status-quo on interest rate citing inflationary concerns. The core inflation remained unchanged at 3.6 per cent in April . Going forward, increasing crude oil prices and their cascading impact would be one of the key worry areas for the Indian economy, chamber Secretary General D S Rawat said .
  • Rhetoric over US exit from Iran deal rises amid sanctions threat

    Rhetoric over US exit from Iran deal rises amid sanctions threat

    Finance

    It was the most serious military confrontation between the two rivals to date. He ended on a hopeful note after acknowledging that Iran's leaders had ruled out new nuclear negotiations: "But the fact is they are going to want to make a new and lasting deal, one that benefits all of Iran and the Iranian people".
  • Facebook says it has suspended 200 apps for possible misuse of data

    Facebook says it has suspended 200 apps for possible misuse of data

    Finance

    In recent months, many have wondered how many more companies like Cambridge Analytica have collected private information on Facebook users without their consent. Ime Archibong , vice president of product partnerships , says that if any evidence is found that the suspended apps or other apps have misused data , they will be banned.
  • Asiana says no injuries in its collision with Turkish Airlines

    Asiana says no injuries in its collision with Turkish Airlines

    Finance

    Video posted on YouTube appeared to show the Asiana plane's starboard wing crashing into the stationary Turkish Airline's vertical stabiliser as it drives past, slicing the stabiliser off. Fire crews rushed to the scene and started a cooling process in case of an eruption of fire. Another plane from Incheon was sent to transport them to South Korea on Monday, it added.
  • Gas prices going up, where you can find cheap gas

    Gas prices going up, where you can find cheap gas

    Finance

    Jenkins noted that there were a number of factors for the price increases including higher demanded with the start of summer looming, less supply, tensions with Iran and the highest oil prices in four year. AAA Michigan surveys daily fuel prices at 2,800 gas stations across the state. Prices are about 52 cents more than at the same point previous year.
  • Oil price falls as EU, Asia resist USA pressure

    Oil price falls as EU, Asia resist USA pressure

    Finance

    The upward revision was mainly the result of firm OECD data for the first quarter of 2018. "Increasing crude oil prices affect the U.S. economy primarily through two channels: putting downward pressure on consumption by reducing households' non-energy disposable income; and increasing nonresidential fixed investment as oil-related investment activity picks up".
  • CBI names ex-PNB CEO Usha Ananthasubramanian in PNB scam case

    CBI names ex-PNB CEO Usha Ananthasubramanian in PNB scam case

    Finance

    The accused can not apply for bail now, NDTV reported. The Central Bureau of Investigation on Monday filed its first chargesheet in the more than Rs 13,000-crore Punjab National Bank fraud case. In March, the agency registered its third FIR in the fraud alleging that Modi and his two companies defrauded the financial institution of around Rs 322 crore by misusing sanctioned credit limits.
  • Panchayat polls: Stray incidents of violence in WB

    Panchayat polls: Stray incidents of violence in WB

    Finance

    Seven persons were killed by mid-day and dozens sustained injuries in West Bengal on Monday on the day of State-wide rural polls. In North 24 Parganas, a Communist Party of India (Marxist) or CPM worker and his wife, who were charred to death after their house was torched last night, alleged that TMC workers were behind the attack.
  • Walmart may have to take Flipkart public

    Walmart may have to take Flipkart public

    Finance

    The report added that Walmart told the SEC in regulatory filings that the U.S. retail giant has an option to invest "an additional $3 Bn in Flipkart at the same valuation within a year of completing the acquisition of a 77% stake". He has announced the finalization of the deal between Flipkart and Walmart. According to the definitive agreement inked between Flipkart and Walmart, the later will acquire about 77 per cent stake in Singapore-registered Flipkart for $16 billion.
  • Xerox says ending deal with Fujifilm

    Xerox says ending deal with Fujifilm

    Finance

    The settlement marks the end of tumultuous fight between Xerox and Icahn, its largest shareholder, over a proposed $6.1 billion deal that would hand control of the former US office giant to Fujifilm Holdings Corp . "We are extremely pleased that Xerox finally terminated the ill-advised scheme to cede control of the company to Fujifilm", he said. He was hired back in March by Icahn and Deason as a consultant in their campaign to try and block the Fuji deal.