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Finance

A Japanese cryptocurrency exchange experienced a glitch that briefly dropped the price of Bitcoin to zero. One, according to the Asahi Shimbun , even placed a order for bitcoin worth 2,200 trillion yen ($20 trillion) at the time; then moving to quickly sell it again.
  • Lexus UX crossover teased ahead of Geneva motor show

    Lexus UX crossover teased ahead of Geneva motor show

    Finance

    A teaser image released by the brand depicts a laser-like tail light strip running across the full width of the cars' rear end, flanked on either side by pronounced horns unlike anything we've seen on a production Lexus SUV. Lexus' relatively new 2.0-litre turbo petrol engine is also a chance for the UX, perhaps giving it 175kW and 350Nm outputs to match sporty German rivals.
  • Dollar continues recovery from three-year lows

    Finance

    Treasury yields have risen in the wake of increased government borrowing. The market is being hit with a deluge of T-bills following the recent US debt ceiling suspension, and that's helping to push up the rates that borrowers demand. LONDON, Feb 20 (Reuters) - The dollar continued its rebound from three-year lows on Tuesday, having recovered 1.5 percent since Friday on the view that the USA currency was due a correction after a brutal sell-off in recent weeks.
  • PM inaugurates UP Investors Summit

    PM inaugurates UP Investors Summit

    Finance

    Prime Minister Narendra Modi on Wednesday inaugurated the two-day Uttar Pradesh Investors Summit 2018 along with Chief Minister Adityanath, the Hindustan Times reported. The PM also talked about the potential of tourism in the State, especially the Kumbh mela. For the convenience of business honchos, the Adityanath government will release a booklet on land bank created by the state government for making available lands across state for investors in different sectors.
  • Lloyds hails 'landmark' after return to private sector

    Lloyds hails 'landmark' after return to private sector

    Finance

    The bank plans to invest more than £3bn in its strategic initiatives, including its digitisation and improving customer services. The bank was returned to full private ownership in May previous year, after the government sold off its remaining shares.
  • KFC closes hundreds of United Kingdom stores after huge chicken shortages

    KFC closes hundreds of United Kingdom stores after huge chicken shortages

    Finance

    Almost 500 branches remained closed this morning after delivery issues stopped chicken arriving at the fast food giant. In a separate statement the company has said that it was working to resolve the problem. "Some chickens have now crossed the road", the company said in a statement on Twitter , providing devotees with a link to a list of restaurants that are open.
  • Walmart takes bruises from Amazon but numbers still up

    Walmart takes bruises from Amazon but numbers still up

    Finance

    Walmart also expects USA e-commerce growth for the fiscal year to be around 40 percent. Walmart is building fewer big stores and focusing on investments in its online business while beefing up benefits for its workers. The average analyst estimate was $1.37 per share, according to Thomson Reuters I/B/E/S. Same-store sales at its USA stores rose by 2.6%, driven by a 1.6% increase in shopper traffic.
  • Narrowing in on Chart Levels for Japan Index MSCI Ishares (EWJ)

    Narrowing in on Chart Levels for Japan Index MSCI Ishares (EWJ)

    Finance

    The CCI may be used to spot if a stock is entering overbought (+100) and oversold (-100) territory. An RSI reading over 70 would be considered overbought, and a reading under 30 would indicate oversold conditions. Currently, the 14-day ADX for Philippines Index MSCI Ishares (EPHE) is sitting at 27.96. The challenge then becomes how best to use the information at hand in order to develop knowledge that will help drive profits higher.
  • Bank Amer Corp (BAC) Holding Has Increased by Rench Wealth Management Inc

    Finance

    It has underperformed by 14.21% the S&P500. Schwerin Boyle Capital Management Inc increased its stake in Bank Of America (BAC) by 3.61% based on its latest 2017Q3 regulatory filing with the SEC. The company also recently announced a quarterly dividend, which will be paid on Friday, March 30th. The firm has "Buy" rating by Keefe Bruyette & Woods given on Tuesday, June 6.
  • Girl Scouts of Gulfcoast kick off 2018 cookie season

    Girl Scouts of Gulfcoast kick off 2018 cookie season

    Finance

    Once the cars are loaded troop leaders and volunteers divvy up the cookies, so each girl can make deliveries. Girl Scouts council spokeswoman AnneMarie Harper said potential cookie sale sites are now all treated the same, according to the Denver Post.
  • Moors & Cabot Inc. Has $4.70 Million Position in The Coca-Cola Co (KO)

    Moors & Cabot Inc. Has $4.70 Million Position in The Coca-Cola Co (KO)

    Finance

    It has underperformed by 5.95% the S&P500. Stralem & Co Inc decreased its stake in Johnson & Johnson Com (JNJ) by 22.03% based on its latest 2017Q3 regulatory filing with the SEC. The firm has floated short ration of 0.79%, hold to candle to sentiment indicator of Short Ratio, which was 0.93. Its down 0.14, from 0.94 in 2017Q2.
  • Singapore to impose tax on digital services from 2020

    Singapore to impose tax on digital services from 2020

    Finance

    The goods and services tax will be increased for the first time in more than a decade , by 2 percentage points. "The exact timing will depend on the state of the economy, how much our expenditures grow, and how buoyant our existing taxes are", Heng said.
  • SpaceX Will Launch the First of Its Global Internet Satellites

    SpaceX Will Launch the First of Its Global Internet Satellites

    Finance

    The Starlink satellite aims to provide low-priced Internet access on a global scale. "These approvals are the first of their kind for a new generation of large, non-geostationary satellite orbit, fixed-satellite service systems, and the Commission continues to process other, similar requests", the FCC said today.
  • Chandrababu Naidu vows to fight for Andhra Pradesh's interests

    Chandrababu Naidu vows to fight for Andhra Pradesh's interests

    Finance

    He appealed to all political parties to extend their support to the motion. Addressing the people, he said, "We went with BJP for the sake of doing justice to the state of Andhra Pradesh". "When I say that, they (YSR Congress ) say we will run away by resigning (from Parliament) or moving a no-confidence motion", Naidu said. Now we are demanding justice from the same parliament.
  • Hackers infiltrated Tesla's Amazon cloud account to mine cryptocurrency

    Hackers infiltrated Tesla's Amazon cloud account to mine cryptocurrency

    Finance

    Several other companies have experienced similar breaches - Gemalto , the world's biggest SIM card maker, and Aviva , a multinational insurance company, both fell victim to the crypto hack as well, among other companies. "The RedLock CSI team immediately reported the incident to Tesla and the issue was quickly rectified", RedLock said in a blog post today. The hackers appear to have been more interested in the server itself.
  • United States must not hurt alliances with new trade policies

    United States must not hurt alliances with new trade policies

    Finance

    Last week, the US Commerce Department recommended that the president impose high tariffs. "These tariffs would undoubtedly raise costs for US businesses that rely heavily on steel and aluminum for the majority of their products - and ultimately consumers", Gerard said in an API press release.
  • Crude palm oil futures fall 0.44% on profit-booking

    Crude palm oil futures fall 0.44% on profit-booking

    Finance

    U.S. West Texas Intermediate (WTI) crude futures for March delivery rose 01.2 percent, at $62.42 a barrel by 0217 GMT, after earlier touching its highest since February 7. A strengthening dollar, which hit a six-day high, however, weighed on oil prices. The preliminary reading on the consumer sentiment index for February came in at 99.9, up from the final January reading of 95.7.
  • Home Depot's profit, sales top estimates on higher traffic, spending

    Home Depot's profit, sales top estimates on higher traffic, spending

    Finance

    Kingstown Capital Management Lp sold 250,000 shares as the company's stock rose 0.21% with the market. Barclays Capital maintained it with "Overweight" rating and $165 target in Wednesday, August 16 report. Another trade for 10,916 shares valued at $1.97 million was made by Roseborough Teresa Wynn on Thursday, December 7. Baltimore Capital Management Inc.
  • Acadia Realty Trust (AKR) Scheduled to Post Quarterly Earnings on Wednesday

    Acadia Realty Trust (AKR) Scheduled to Post Quarterly Earnings on Wednesday

    Finance

    The stock decreased 3.08% or $3.25 during the last trading session, reaching $102.2. About 302,840 shares traded. Digital Realty Trust, Inc. has a 1-year low of $98.28 and a 1-year high of $127.23. 14,394 are held by Ameritas Invest Inc. Tower Bridge Advisors owns 125,000 shares or 1.68% of their United States portfolio. Kbc Nv accumulated 94,508 shares.
  • BHP Billiton H1 Profit Plunges On US Tax Charge; Stock Down

    BHP Billiton H1 Profit Plunges On US Tax Charge; Stock Down

    Finance

    BHP Billiton (NYSE:BHP) CEO Andrew Mackenzie says he will meet with activist investor Elliott Management and other shareholders this week to discuss demands for changes at the company, including Elliott's call for BHP to reorganize as a single company listed in Australia.
  • South Korea threatens WTO action if U.S. hikes steel tariffs

    South Korea threatens WTO action if U.S. hikes steel tariffs

    Finance

    The closure is the most recent in steps that GM has taken to put its innovation and profitability before its volume and sales. Since 2015 GM has left unsuccessful markets involving Europe, Australia, South Africa and Russian Federation. It may reportedly endanger the job security of up to 12,000 laborers, including some 2,000 employees hired by GM Korea and others working for the suppliers of the automaker that has four assembly factories and one transmission plant in South Korea.
  • Trophy of PSL third edition unveiled in Dubai

    Trophy of PSL third edition unveiled in Dubai

    Finance

    Notably, Shoaib, who has taken 444 wickets in the three formats collectively has earlier expressed his disapproval towards Najam Sethi . "It was a challenge and he took it on", he said. Afridi has always been vocal about using cricket as the bridge to fill the void between the two countries. "I can't guarantee success, but we will try our best".
  • Qualcomm boosts bid for NXP as it fends off bid from Broadcom

    Qualcomm boosts bid for NXP as it fends off bid from Broadcom

    Finance

    About 78,201 shares traded. Evolution Petroleum Corporation (EPM) has risen 52.96% since February 19, 2017 and is uptrending. It has underperformed by 99.07% the S&P500. Mizuho reiterated a "hold" rating and issued a $110.00 price objective on shares of NXP Semiconductors in a research note on Thursday, February 8th.
  • Gas prices fall 5.1 cents per gallon in past week

    Gas prices fall 5.1 cents per gallon in past week

    Finance

    Metro Detroit's average price per gallon is $2.49, slightly higher than the statewide $2.45, which is 11 cents less than last week and 19 cents more than past year. However, warmer weather, increased travel and upcoming spring and summer holidays could also contribute to higher prices at the pump in a few months.
  • World's tallest wooden skyscraper planned in Tokyo

    World's tallest wooden skyscraper planned in Tokyo

    Finance

    Japanese timber company Sumitomo Forestry has revealed plans for the world's tallest wooden building in Tokyo, a 350-metre skyscraper that would also be the country's highest. Another artist's impression of the inside of the Sumitomo Forestry Company's planned wooden skyscraper in Tokyo. "The interior structure is of a pure wood, producing a calm space that exudes the warmth and gentleness of wood".
  • Renault upgrades Zoe with more powerful electric motor

    Renault upgrades Zoe with more powerful electric motor

    Finance

    It simulates driving at higher speeds and for longer distances than before and should more accurately calculate the electric range that drivers will experience in real life. In addition, Renault has added a new dark metallic Aconite shade to the Zoe's colour palette, as well as a new Purple Pack interior finish that adds violet upholstery and violet satin to the dashboard and interior trim.
  • Walmart's online sales growth stalls in the fourth quarter

    Finance

    West Family Investments Inc who had been investing in Annaly Cap Mgmt Inc for a number of months, seems to be less bullish one the $12.13B market cap company. Susquehanna maintained the stock with "Buy" rating in Friday, February 16 report. ValuEngine upgraded shares of Wal-Mart Stores from a "hold" rating to a "buy" rating in a research report on Friday, February 2nd.
  • PNB says it will honour all

    PNB says it will honour all "bonafide commitments"

    Finance

    The Government has written a letter to the RBI, India's central bank, saying the failure to detect the fraud raised questions about its "efficacy of supervision to detect and check systemic failure", local media reported . Gitanjali, in a stock market filing, has actually rejected Choksi's participation in the supposed scams. The alleged fraud occurred as one PNB deputy manager, with the assistance of one or more colleagues, issued over 100 fraudulent Letters of Undertaking - essentially ...
  • Elon Musk's Company Gets OK to Dig Washington, DC Hyperloop Tunnel

    Elon Musk's Company Gets OK to Dig Washington, DC Hyperloop Tunnel

    Finance

    Stations would be "small in size and widely distributed in a network", the spokesperson said , as opposed to the large central downtown terminals used by railroad lines. Larry Hogan. The Culver City meeting concluded with the city council ultimately voting to hire consultants who could assess the overall feasibility, risks, and benefits of the Elon Musk-led tunneling startup's initiatives before it can make a final decision.
  • Steinhoff rained on HSBC chief Stuart Gulliver's final parade

    Steinhoff rained on HSBC chief Stuart Gulliver's final parade

    Finance

    The company , being Europe's biggest bank, claims that its success follows its strategic decision to focus on its Asia operations. Stuart Gulliver withdrew from office today after more than seven years at the helm of HSBC Holdings and will be replaced by a veteran John Flint.
  • Lucky Charms adds new unicorn marshmallow

    Lucky Charms adds new unicorn marshmallow

    Finance

    The unicorn, which will replace the hourglass marshmallow, was chosen after the company solicited suggestions on social media. Boxes of Lucky Charms cereals with the new unicorn marshmallow are already starting to appear on store shelves and should be widely available by mid-March, a General Mills spokesman said.
  • South Korea Cryptocurrency: Government's Support Leads to Bitcoin Volume Surge

    South Korea Cryptocurrency: Government's Support Leads to Bitcoin Volume Surge

    Finance

    Jung Ki-joon, a South Korean official who led the policy-making for the country's cryptocurrency market, was found dead at home on Sunday, The Wall Street Journal first reported. South Korean authorities announced tougher steps towards cryptocurrency trading in the country in December. South Korea accounts for a significant share of cryptocurrency trading volumes, and the government's intentions to limit or even ban crypto exchanges hit hard the price of Bitcoin and most altcoins.
  • Oil holds momentum that's driven by Opec's promise to re-balance

    Oil holds momentum that's driven by Opec's promise to re-balance

    Finance

    London Brent crude was up 52 cents, or 0.8 percent, at $65.36, after rising more than 3 percent last week. West Texas Intermediate, the US benchmark for the price of oil, was down 0.39 percent to $61.10 per barrel. According to Baker Hughes, the number of rigs rose by seven to 798, its highest level since 2015. Surging U.S. production is offsetting efforts by the Organization of the Petroleum Exporting Countries (OPEC) and some other producers including Russian Federation to curb ...
  • Volkswagen ID Vizzion to debut at the Geneva

    Volkswagen ID Vizzion to debut at the Geneva

    Finance

    Like the other four ID concepts, the Vizzion is powered by an electric motor. The VW ID Vizzion also does not feature any infotainment displays with owners communicating with a virtual host via gesture and voice controls. In profile, the I.D. Vizzion Electric Sedan Concept will feature a rounded front end, short overhangs and headlights wrapped around the nose. Hard to have any feeling of driving when there isn't a steering wheel but okay.
  • Where Is Josh Thiede? Family Fears For Missing Uber, Lyft Driver

    Where Is Josh Thiede? Family Fears For Missing Uber, Lyft Driver

    Finance

    Thiede was last seen in the Westlake District on Wilshire Boulevard just north of the 110 Freeway. Family and friends are continuing to put up posters of Joshua Thiede, in hopes of getting a tip from the public. Bloodhound went in. Bloodhound went out. Friends say that Thiede has been out of it. In this representational image, Los Angeles Police Department Chief Charlie Beck stands at one of two new Ford Fusion hybrid pursuit-rated Police Responder cars unveiled at LAPD headquarters, ...
  • IRS Issues Scam Alert on Erroneous Refund and Collection Scam

    IRS Issues Scam Alert on Erroneous Refund and Collection Scam

    Finance

    In one version of the scam, criminals are pretending to be debt collection agency officials acting on behalf of the IRS. According to the IRS, the scammers steal client information from tax professionals and then file a fraudulent tax return, using the taxpayers' bank account for the deposit.
  • Weekend Box Office: 'Black Panther' Bounds to Record-Shattering $218M-Plus Bow

    Weekend Box Office: 'Black Panther' Bounds to Record-Shattering $218M-Plus Bow

    Finance

    More than two weeks after Hollywood wore "royal attire" to the Black Panther world premiere, fan finally got to see the movie Thursday night and celebrated with a mix of cosplay and African-inspired outfits of their own. Dave Hollis, distribution chief for Disney, called the film's success "a real source of pride" for Disney. Though considered by most to be an outdated myth, some have claimed that foreign audiences have less appetite for films with largely black casts .
  • Virginia House Decides in Favor of Medicaid Expansion

    Virginia House Decides in Favor of Medicaid Expansion

    Finance

    While the humanitarian argument that providing necessary healthcare to those in need is a necessary function of society and perhaps even a human right would be more palatable, after seeing Medicaid expansion blocked year after year with zero Republican support we will take any reasons Republicans want to give for making progress happen.
  • Anti-corruption officers arrest Latvian central bank governor

    Anti-corruption officers arrest Latvian central bank governor

    Finance

    Prime Minister Maris Kucinskis's office made the announcement in a statement on February 18 following reports saying that the office and a property of Rimsevics were searched. The anti-corruption bureau will make a comment "as soon as possible", spokeswoman Laura Dusa said, giving no indication as to why Rimsevics had been arrested.
  • PepsiCo revenue tops Wall Street estimates in fourth quarter

    PepsiCo revenue tops Wall Street estimates in fourth quarter

    Finance

    Chairman and CEO Indra Nooyi said: "We are pleased with our performance for the fourth quarter and full year 2017". It has underperformed by 8.78% the S&P500. Jefferies has "Hold" rating and $113.0 target. The rating was downgraded by Morgan Stanley on Wednesday, October 25 to "Equal-Weight". Accern also gave news stories about the company an impact score of 46.4445860683606 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock's share price in ...