Markets

Tesla Bets It Can Build 100MWh of Batteries in 100 Days

Tesla Bets It Can Build 100MWh of Batteries in 100 Days Which is why the billionaire Michael Cannon-Brookes, the co-founder of Atlassian, made a decision to inquire and contact Musk and Rive about how serious their offer was. Tesla finished that California battery storage farm in 90 days. The suggestion that battery storage could solve Australia's energy problems comes at a time when debate about the viability of a clean, sustainable energy future w... [Full Article...]

Leading stocks in today's market: Ford Motor Company (NYSE:F)

Leading stocks in today's market: Ford Motor Company (NYSE:F) TheStreet cut shares of Ford Motor Company from a b- rating to a c rating in a research note on Thursday, January 26th. Ford Motor Co. has 1 year price target of $13.31. Stock's 52-week target was retained at $39, the estimates indicates a standard deviation of 4.56. On 10/4/2016 Sankar S Nair, Insider, sold 82,000 with an average share price of $12.11 per share and the total transaction amoun... [Full Article...]

China Slows the Pace on Its Defense Spending Growth in 2017

China Slows the Pace on Its Defense Spending Growth in 2017 Premier Li Keqiang told more than 3,000 Communist Party delegates at the annual National People's Congress (NPC) in Beijing that the government will continue to pursue a proactive fiscal policy and a prudent monetary policy. Asked about the South China Sea, where a recently arrived USA carrier group is now undertaking regular patrols, Fu said "As to how the situation develops in the future... [Full Article...]

PSA Group supervisory board approves Opel and Vauxhall takeover

The two carmakers, which sent an invitation for a joint press conference in Paris on Monday, have reached a framework agreement to complete the deal, according to people familiar with the matter, who asked not to be identified because negotiations are private. [Full Article...]

Yellen: Fed Likely To Raise Interest Rates Soon

John Williams, president of the San Francisco Fed, added to the hawkish message, saying he saw no need to delay a rate hike with the economy at full employment, inflation headed higher, and upside risks from potential tax cuts waiting in the wings. [Full Article...]

Call him Mr. Secretary; Rick Perry confirmed to head Energy Department

Call him Mr. Secretary; Rick Perry confirmed to head Energy Department Last month, senators approved the nomination Scott Pruitt to helm of the U.S. Environmental Protection Agency, and yesterday confirmed Rep. Ryan Zinke (R-MT) for the Department of Interior. Perry will oversee the security of the U.S. nuclear weapons, the nuclear deal with Iran, as well as climate change policies among other issues as energy secretary. [Full Article...]

Charter, ACA Weigh In on FCC Data Security Stay

The FCC made a major update to its robocall rules back in 2015 that allowed phone service providers to start offering blocking tools to stop subscribers from receiving spammy calls. Internet providers will not be required to ask customers' permission before sharing information about their browsing habits, after an FCC vote effectively postponed the proposed rules indefinitely. [Full Article...]

USA shale producers renew their challenge to OPEC: Kemp

USA shale producers renew their challenge to OPEC: Kemp According to Reuters , OPEC members complied with the agreed cuts by 82-percent. A Reuters' survey indicates that the exporter group has boosted already strong compliance to around 94 percent. Michael Wittner, global head of oil research at Société Générale, said: "US inventories moved directionally in line with expectations, and with relatively small stock changes across the board". [Full Article...]

Best Buy sales fall below views; dividend raised

Best Buy sales fall below views; dividend raised In pre-market activity, Best Buy shares were losing 9.36 percent to $40. Total revenue totaled $13.48 billion, less than expected, and down from $13.62 billion year. According to The NPD Group, consumer electronics revenue decreased 2.8 percent in the quarter ended January 28. For the full year, Best Buy reported earnings of $3.56 a share on revenue of $39.4 billion, compared to Wall Stree... [Full Article...]

Dollar Tree profit and sales rise above forecasts

Dollar Tree, Inc is an operator of discount variety stores. Recently, analysts have updated the overall rating to 2.5. (DLTR) on Wednesday reported fiscal fourth-quarter earnings of $321.8 million. While in the same Quarter Previous year, the Actual EPS was $1.01. On average, equities research analysts predict that Dollar Tree, Inc . will post $3.79 earnings per share for the current fiscal ye... [Full Article...]

Will Marathon Petroleum Corporation (NYSE:MPC) beat earning estimates again?

Nomura lowered Marathon Oil from a "buy" rating to a "neutral" rating in a report on Thursday, December 15th. Susquehanna also Initiated the company to Neutral on 18-Nov-16, 2016. MA ended last trade at $16.00 a share and the price is up more than -7.28% so far this year. Similarly, the positive performance for the quarter recorded as 5.27% and for the year was 51.13%, while the YTD performance re... [Full Article...]

USA stocks slip as investors await Trump speech to Congress

USA stocks slip as investors await Trump speech to Congress NASDAQ 100 index went up 4.23 points or 0.08 percent to close at 5,347.55. Energy shares led gains among S&P sectors (+0.9%) as US crude oil prices edged higher to $54.05/bbl, and financials (+0.5%) also ranked among today's top performers; the utilities sector (-0.6%) gave back some of last week's gains, telecom and consumer staples stocks also fell. [Full Article...]

US Education Secretary Supports Making Life Worse For Trans Students

US Education Secretary Supports Making Life Worse For Trans Students Education Secretary Betsy DeVos originally opposed a draft of the Trump administration's plan for withdrawing guidance protecting transgender children in public schools, sources told CNN Wednesday. Hang on for a minute.we're trying to find some more stories you might like. But after Wednesday's news, DeVos has clearly fallen in line: her speech was filled with Trump-esque rhetoric, such as criti... [Full Article...]

Hewlett Packard Tanks on Revenue Miss, Weak Outlook

Hewlett Packard Tanks on Revenue Miss, Weak Outlook The institutional investor purchased 77,898 shares of the company's stock, valued at approximately $1,772,000. The company also slashed its full-year earnings guidance to be in the range of $1.88 to $1.98 per share, down from its prior forecast of $2 to $2.10 per share. [Full Article...]

Hundreds of jobs to be cut at John Lewis

The department store group said today that it was planning to centralise the administration behind its carpet and curtain fitting services with the creation of a central "Customer Administration Hub" to manage customer orders, which will replace the current individual branch administration teams. [Full Article...]

Revenue Update on Oasis Petroleum(NYSE:OAS)

Revenue Update on Oasis Petroleum(NYSE:OAS) Zacks Investment Research lowered shares of Oasis Petroleum from a "buy" rating to a "hold" rating in a research report on Wednesday, November 16th. (NYSE:OAS)'s price target was revised on 1/26/17 by the analysts, however the bullish price estimates of the stock set at $21 while the bearish estimates kept at $11 over the next one year. [Full Article...]

Burger King Buys Popeyes With Whopper Price Tag of $1.8 Billion

In Popeyes, Restaurant Brands is getting a food group not now represented in its existing brand portfolio - southern fried chicken and biscuits - and a 2,600-store footprint that is 98% franchised. "They are just generating so much free cash flow and not having to put any money to work to get that growth". Restaurant Brands was created after Burger King, controlled by Brazilian investment firm 3... [Full Article...]

RBS posts £7bn annual loss

RBS posts £7bn annual loss A big chunk of RBS's loss in 2016 - which was more than triple the previous year's loss of £2bn - was down to it setting aside £5.9bn for fines and legal costs. McEwan said the latest financial loss was "disappointing" and meant the bank had to go "further on costs and faster on digital", as the group was interacting with customers 20 times more through digital channels than physical ones. [Full Article...]

Mnuchin promises tax reform will pass by August

U.S. stocks traded in a narrow range on Thursday, as investors assessed comments of Treasury Secretary Steven Mnuchin. Mnuchin said the border tax plan was still being studied, but the tax reform plan would be negotiated with the House and Senate. [Full Article...]

Alternative Takeover Targets For Kraft Heinz

General Motors Company (NYSE:GM) share price increased in the last trading session with a previous 52-week high of $38.38. The stock has a quick ratio of 0.60 and a current ratio of 0.90. Comerica Bank's holdings in The Kraft Heinz Company were worth $23,351,000 as of its most recent filing with the SEC. Because much of that revenue is shared with franchise owners, the company books far less reven... [Full Article...]


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