Economy

Economy Fuel prices revised; petrol, diesel to cost more
Author: 0 Fuel prices revised; petrol, diesel to cost more

By May 11, a day before voting in Karnataka, the prices had increased by 3.7 per cent to about $77.50 per barrel. However, a global rally in crude prices pushed domestic fuel prices far higher than those levels. Indian Oil Corp (IOC) chairman Sanjiv Singh last week said that the state-owned firms were "temporarily moderating" prices to avoid sharp spikes and panic among consumers.

Economy Chili's restaurant chain hit with credit and debit card data breach
Author: 0 Chili's restaurant chain hit with credit and debit card data breach

Chili's officials said "upon learning of this incident, we immediately activated our response plan". And that they are working with third-party forensic experts and law enforcement. Below is information on how you can protect yourself and your information. The tex-mex restaurant is the latest chain to be affected by a data breach, Chili's parent company Brinker International announced.

Author: 0 Boeing, Airbus, GE among biggest losers from US Iran shift

The reaction from some in Europe was bitter. The President made the same claim in announcing his decision to pull the United States out of the Iran nuclear agreement earlier this week - an assertion that fact checkers have called "exaggerated" and lacking crucial context.

Economy Oil above $70 for first time since 2014
Author: 0 Oil above $70 for first time since 2014

On Tuesday, US President Donald Trump announced he was pulling out of a landmark deal curbing Iran's nuclear program and reintroducing sanctions on the Islamic republic and those who trade with it. continues, which may require prices staying around that level. "Whatever extraneous factor that affects supply or demand, will no doubt send the market into disequilibrium, which is not in the interest of producers, or the interest of consumers", he said when asked about the consequences of ...

Economy Walmart eyes Flipkart IPO in as early as four years
Author: 0 Walmart eyes Flipkart IPO in as early as four years

Walmart said it may, in future, appoint a sixth board member with the approval of the majority of the Flipkart directors. Minority investors holding 60 percent of Flipkart's shares "acting together, may require Flipkart to effect an initial public offering" (IPO) four years after the close of the Walmart-Flipkart transaction, the Bentonville, Arkansas-based retailer said in a May 11 filing with the U.S.

Author: 0 Are Analysts Bearish Carpetright plc (LON:CPR) After Last Week?

The stock decreased 6.80% or GBX 2.7 during the last trading session, reaching GBX 37. About 15,402 shares traded. It has outperformed by 113.91% the S&P500. Sky plc serves approximately 22.5 million residential and commercial clients in the United Kingdom, Ireland, Italy, Germany, and Austria. The company has market cap of 607.02 million GBP.

Economy Canara Bank posts $723 million fourth-quarter loss
Author: 0 Canara Bank posts $723 million fourth-quarter loss

Bad loans provisions rose to Rs 1,772 crore from Rs 386 on a sequential basis. Non-performing assets as a percentage of total advances stood at 11.84 per cent at the of March quarter from 9.63 per cent in same period previous year. In view of fraud reported during the year in certain banks in respect of one gems and jewellery borrower group accounts, the bank has classified these accounts as non-performing asset and provided fully, Canara Bank said.

Economy Peel Hunt Reaffirms
Author: 0 Peel Hunt Reaffirms "Buy" Rating for Sumo Group (SUMO)

The ratio improved due to Restore plc positioning: 10 sold and 21 reduced. About 174,213 shares traded. OTB underperformed by 11.55% the S&P500. Compass Group PLC, through its subsidiaries, operates as a food and support services company in North America, Europe, and internationally.

Author: 0 IShares BRIC 50 ETF USD Dist (DBRC) Jumped 0.38% on May 12

The Average Directional Index or ADX is technical analysis indicator used to discern if a market is trending or not trending. When the trend is absent or the market is volatile, this system generates a lot of incorrect signals. Using the ADX with the Plus Directional Indicator (+DI) and Minus Directional Indicator (-DI) may help determine the direction of the trend as well as the overall momentum.

Economy Npower hits million British energy customers with price hike
Author: 0 Npower hits million British energy customers with price hike

Npower has become the latest energy provider to announce price hikes, which will affect around one million customers. Citizens Advice chief executive Gillian Guy said: "At a time when many energy customers are struggling with their bills, this price rise will be hard to stomach for the approximately one million customers affected".

Economy Trump talked about the relationship with Kim Jong
Author: 0 Trump talked about the relationship with Kim Jong

The United States and North Korea are technically still at war - a stop-gap armistice ended the brutal three-year Korean war in 1953 and around 30,000 American troops remain in neighboring South Korea , which the USA supported in the conflict.

Economy Local Canadians say the Golden Knights' fever has struck them
Author: 0 Local Canadians say the Golden Knights' fever has struck them

Even by their owner's pre-season optimistic estimation, the Golden Knights are way ahead of schedule. As the Jets get set to welcome the Vegas Golden Knights in Game 1 of the Western Conference final on Saturday night at Bell MTS Place, there's no shortage of confidence, despite losing consecutive games on home ice to the Predators.

Economy China's ZTE says USA sanctions have crippled operations
Author: 0 China's ZTE says USA sanctions have crippled operations

Taiwanese semiconductor company Mediatek (2454.TW) said last week it had received a permit from the Taiwanese government to continue to supply ZTE. This order prohibits USA companies, including ZTE's major suppliers such as Qualcomm and Google (for Android), from exporting their products to ZTE for a period of seven years.

Economy Ford to restart F-Series truck production at 2 factories
Author: 0 Ford to restart F-Series truck production at 2 factories

Reuters- Ford Motor Co's quarterly earnings will be affected by shutdowns at three USA truck plants caused by a fire at a key parts supplier, the US automaker said on Wednesday, while affirming its full-year earnings estimate. It claimed the Alabama plant will burst per week on a "altered manufacturing program" whereas the auto-maker works with Meridian to restore components creation.

Economy Hero Pilot Tammie Jo Shults Details Deadly Southwest Explosion
Author: 0 Hero Pilot Tammie Jo Shults Details Deadly Southwest Explosion

Navy, mentioned within the 20/20 interview - her first because the terrifying ordeal. Shults and Ellisor diverted the airplane towards Philadelphia to make an emergency touchdown. "And we had to use hand signals (and some yelling), because it was loud, and it was just hard to communicate for a lot of different reasons". "The aircraft yawed and banked to the left a little over 40 degrees and we had a very severe vibration from the number one engine".

Economy NEW WestJet Pilots Vote 91% in Favour of Strike Action
Author: 0 NEW WestJet Pilots Vote 91% in Favour of Strike Action

He said the union chose to delay a potential strike date past the long weekend so as not to disrupt the travel plans of WestJet passengers. "The goal is-and always has been-to secure a fair collective agreement that brings stability to the airline, and not to strike", said Capt.

Economy Wall Street rises with healthcare rally after Trump's speech
Author: 0 Wall Street rises with healthcare rally after Trump's speech

Stocks are opening slightly lower on Wall Street , Tuesday, May 8, 2018, as the market gives back some of the gains it made the day before. The Dow Jones industrial average rose 2 points, or 0.01 percent, to 24,363. The June natural gas contract was up eight cents at US$2.81 per mmBTU. Walmart dropped 3.6 percent after it acquired a controlling stake in Indian e-commerce firm Flipkart for about $16 billion, the US retailer's biggest foreign investment.

Economy FCC says US net neutrality rules set to expire on June 11
Author: 0 FCC says US net neutrality rules set to expire on June 11

In February, a coalition of 22 state attorneys general refiled legal challenges meant to block the Trump administration's repeal of net neutrality . Senate Democrats are attempting to stop the ruling by pushing for a vote on a bill that would overturn it. In a statement , she said, "The agency failed to listen to the American public and gave short shrift to their deeply held believe that internet openness should remain the law of the land".

Economy Symantec stock plunges on internal investigation
Author: 0 Symantec stock plunges on internal investigation

At least eight third-party investor groups have launched investigations into Symantec and at least nine Wall Street analysts have lowered their price targets for the stock in the hours following the company's announcement. Shares of New York-listed Symantec (NASDAQ: SYMC ) Have been downgraded by equity analysts at Macquarie. The company has market cap of $18.14 billion.

Economy Starbucks bathrooms to be 'open for all' following Philadelphia arrests
Author: 0 Starbucks bathrooms to be 'open for all' following Philadelphia arrests

Howard Schultz , executive chairman of Starbucks , cited the new policy at an event hosted by the Washington, D.C., think tank the Atlantic Council on Thursday. However, he did go on to say that ultimately it's "the company that's responsible", not one store, which is why he and Starbucks's other execs "flew en masse to Philadelphia", "stayed there for days", and "did everything we could to demonstrate contrition".

Author: 0 SPDR S&P Regional Banking ETF (KRE) Rises 0.28% for May 10

The Average True Range is an investor tool used to measure stock volatility. Moving averages are considered to be lagging indicators meaning that they confirm trends. A value of 25-50 would indicate a strong trend. A value of 50-75 would signify a very strong trend, and a value of 75-100 would point to an extremely strong trend.

Economy Eli Lilly to buy Armo BioSciences for $1.6 bn
Author: 0 Eli Lilly to buy Armo BioSciences for $1.6 bn

Tesla shares declined 0.60% following news that the U.S. National Transportation Safety Board will investigate the crash of a Tesla Model S that killed two teenagers, and injured a third, in Fort Lauderdale earlier this week. Now let's examine some potential support and resistance levels for this particular stock. Volatility is the degree of variation of a trading price series over time as measured by the standard deviation of logarithmic returns.

Economy NVIDIA Q1 Revenue Up 10% to $3207M with $1244M Profit
Author: 0 NVIDIA Q1 Revenue Up 10% to $3207M with $1244M Profit

Geode Capital Management LLC grew its holdings in shares of Nvidia by 7.7% during the fourth quarter. Finally, Country Trust Bank raised its position in shares of Nvidia by 490.0% during the fourth quarter. Another trade for 17,307 shs valued at $3.94M was sold by PERRY MARK L. Following the transaction, the director now directly owns 30,762 shares of the company's stock, valued at approximately $7,011,582.66.

Economy Windsor's unemployment rate rises in April
Author: 0 Windsor's unemployment rate rises in April

The unemployment rate in Windsor jumped from 5.2% to 5.5 per cent, which equals a 6.7 per cent increase in unemployed persons from the previous month. The participation rate , however, edged down in April to 65.4%, from 65.5% in March, as fewer people looked for work. The agency says 28,800 full-time positions were created, but 30,000 part-time jobs were shed in the workforce.

Economy London Mayor Sadiq Khan plans TfL 'junk food' advert ban
Author: 0 London Mayor Sadiq Khan plans TfL 'junk food' advert ban

He recently appointed a chair and vice chair of London's first Child Obesity Taskforce, which will meet for the first time later this year. He added: "This strategy sets out my plans to clean up our filthy air with bold new air quality measures, tackle waste and promote cleaner energy so we can make London a healthier city that adapts to the impacts of climate change".

Economy Watch Boston Dynamics' humanoid robot go for an untethered jog
Author: 0 Watch Boston Dynamics' humanoid robot go for an untethered jog

The SpotMini robot is much smaller than Atlas, weighing in at a mere 25kg, and can pick up and handle items using a metal arm and built-in sensors. The most talked-about robot in Boston Dynamics' futuristic fleet was out running through the park in a video uploaded by the company this week.

Economy Elon Musk Shows Off Almost Finished Boring Company Tunnel
Author: 0 Elon Musk Shows Off Almost Finished Boring Company Tunnel

Of course, those totally free rides can just happen when the Boring Company manages to secure closing regulatory acceptance to your tunnel. Having been conceived after the Tesla and SpaceX founder became frustrated with the congestion in Los Angeles , the firm is aiming to offer cheap alternative transport towards the city's LAX airport beneath its busy highways.

Author: 0 AT&T CEO calls hiring of Michael Cohen a "big mistake"

The telecoms giant said on Tuesday it had hired Essential Consultants, a company used by Cohen, to advise it on working with the new administration in early 2017, around the time of Trump's inauguration. According to a CNN source, investigators from Mueller's team were interested in the payments that Victor Vekselber's structures transferred to the accounts of US President Donald Trump's lawyer.

Economy Province spending $1.2M on ad campaign in support of pipeline
Author: 0 Province spending $1.2M on ad campaign in support of pipeline

Notley said, declining any further comment on the state of the talks. Notley has repeatedly said she would do whatever it takes to get the pipeline to tidewater built, including buying the project outright. Kinder Morgan has set a May 31st deadline to indicate whether or not it will move ahead with the project, based on the assurance B.C. won't be able to thwart it through court challenges.

Economy Robocaller Hit With Record $120 Million Fine
Author: 0 Robocaller Hit With Record $120 Million Fine

The decision keeps intact the proposed penalty floated in June 2017 after Abramovich allegedly flooded consumers with 96 million unlawful robocalls in three months. TripAdvisor and medical paging provider Spōk sent complaints to FCC and actively helped the investigation. Unfortunately, the move against Abramovich is unlikely to reduce the number of robocalls that consumers receive on both cellphones and land lines.