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Oil at $100 is a possibility next year, Bank of America says

If history is any guide, there is little chance of this happening, so we are now on a course of escalating confrontation. He also announced the USA will re-impose sanctions against Iran, which will be rolled out in keeping with 90 day and 180 day w...

Buy or Sell? What Analysts Recommends: VEREIT, Inc. (VER), NVIDIA Corporation (NVDA)

The company's forecast for this quarter is slightly higher for revenue, at $48.8 million to $49.8 million, against $48.9 million expected, with a slightly deeper-than-expected net loss. On Thursday, the Santa Clara, California-based company said that...

London Mayor Sadiq Khan plans TfL 'junk food' advert ban

They also include a ban on new hot food takeaways opening within 400 metres of schools, the London Evening Standard writes. Amsterdam, the Dutch capital, is five months into its ban on junk food advertising at the city's network of metro statio...

Walmart to buy 77% stake in India's Flipkart for $16bn

Double Taxation Avoidance Agreement (DTAA) is a tax treaty that India has signed with many countries to help taxpayers avoid paying taxes on the same income, both in the country where it is earned as well as the country of residence. The combination ...

Court: Skechers shoe almost identical to Adidas icon

Adidas argued in a lawsuit that the Onix was an illegal rip-off of its Stan Smith tennis shoe. Today, the Ninth Circuit Court of Appeals upheld an earlier injunction prohibiting the sale of the Skechers Onix shoe. Dennis Smith Sr. and Dennis Smith ...

Miracle Mile Advisors LLC Purchases Shares of 5791 Nvidia (NASDAQ:NVDA)

Well, it was another record-setting affair with revenue of $3.2 billion (£2.4 billion, AU$4.3 billion) recorded, which is up by two-thirds year-on-year. More notable recent NVIDIA Corporation (NASDAQ:NVDA) news were published by: Seekingalpha.com w...

Here Are the States Joining Trump's Drone Integration Pilot Program

The city of San Diego is partnering with the city of Chula Vista, the San Diego Regional Economic Development Corporation and other local groups in the U.S. Flirtey said in a statement that it and government partners "will now have access to fast...

California bets big on solar

Newly constructed healthcare facilities will also be required to install systems. The new rule, adopted by the California Energy Commission on Wednesday, will apply to all residential buildings up to three stories tall built after January 1, 2020...

Facebook's Historic Exec Reshuffle Creates Blockchain Unit

Last week, the founder of WhatsApp Jan Koum stepped down from his position as the Chief Executive Officer. Some leading industry professionals say that the creation of this particular group marks another restructuring in the biggest re-organ...

Bitcoin pulls back from $10K; Buffett, Munger, and Gates hammer away

Berkshire Hathaway Vice Chairman, Charlie Munger echoed the comments of Buffett. Likening bitcoin demand to the tulip mania in 17th century Holland, Buffett, the chairman and chief executive of Berkshire Hathaway , said the mystique behind th...

Walmart buys 77% stake in Flipkart for $16 bn

As part of the deal, Walmart will also invest $2 billion of new equity funding which will help Flipkart accelerate growth in the future. Tencent Holdings and Tiger Global Management will continue to be represented on the board. If a deal is confi...

US Treasury's Mnuchin - Revoking Boeing, Airbus licences to sell jets to Iran

But Boeing didn't have any Iranian deliveries scheduled this year as uncertainty on the license loomed. Since Boeing has a large order backlog of jets, particularly for the 737 aircraft models which constitutes the bulk of Iranian deals, it will ...

Brokerages Set Kinder Morgan (KMI) Target Price at $21.39

Summit Securities Group Llc who had been investing in Kinder Morgan Inc Del (Call) for a number of months, seems to be less bullish one the $35.76B market cap company. Apple was up 1.2 percent, continuing to ride on news that Berkshire Hathaway's W...

Trump to propose US$15 bln spending cut in scaled-back plan

The payback will be conducted under the President's authority to cancel budgeting previously provided by Congress , also known as rescission . House Labor-HHS-Education Appropriations Subcommittee Chairman Tom Cole , R-Okla., said Democrats shou...

Ford suspends F-150 production due to parts shortage

Ford is mulling whether to shut down the Dearborn Truck Plant in MI, which employs 4,000 workers. Meanwhile, the automaker ended April with almost a quarter of a million trucks on the ground at dealerships, and a high percentage of those were F-150 ...

SeaWorld Parks & Entertainment (SEAS) Receives Average Recommendation of "Hold" from Brokerages

Analysts are expecting average earnings estimates of $-0.78 for the current quarter based on the opinion of 10 analysts, relating to high earnings per share estimates of $-0.69 and low estimates of $-0.87, however Seaworld Entertainment Inc Co (NYS...

Pay parity deal for Football Ferns and All Whites

New Zealand is not the first country to implement pay parity for its footballers with Norway leading the way with a pay parity deal in October past year. English club Lewes FC became the first professional or semi-professional team to have pay parity...

Verition Fund Management LLC Purchases New Holdings in The Coca-Cola Company (KO)

The company reported $0.98 earnings per share for the quarter, meeting analysts' consensus estimates of $0.98. The stock increased 0.23% or $0.01 during the last trading session, reaching $4.31. The company has a debt-to-equity ratio of 1.38, a qui...

Nexstar Media Group Plans Quarterly Dividend of $0.38 (NXST)

About 224,460 shares traded. Nexstar Media Group earned a daily sentiment score of 0.19 on Accern's scale. (NASDAQ:NXST) has declined 3.18% since May 6, 2017 and is downtrending. It also reduced its holding in Lgi Homes Inc (NASDAQ:LGIH) by 366,159...

Valeant Pharmaceuticals International (VRX) PT Raised to $22.00

VRX is uptrending and has moved 42.00% since May 8, 2017. "While we regard the injection-based formulation of Relistor as a comparatively niche product, we consider this recent summary judgment result simply evidence that Valeant can still effecti...

Elon Musk Is Dating Singer Grimes

Musk began dating American actress Amber Heard in 2016 but the two split up after one year due to their conflicting schedules. The experimental pop artist Grimes appeared at the Met Gala last night wearing a glittering silver choker in the s...

Comcast Corporation (CMCSA) To Join Bidding For 21st Century Fox

Comcast has already bid $31 billion for satellite TV broadcaster Sky , in which Fox holds a 39% stake. Disney, which has been in the midst of the digital makeover to try and turn the company around, needs a swift and successful close to its pend...

Takeda Agrees To Buy Shire In £46bn Deal

The deal is expected to close sometime in the first quarter of 2019, pending review by regulators in a number of countries including the U.S., EU, Japan and China. Shire books a majority of its sales in the USA, where the long term industry outlook ...

Did Dish Network call you? If so, you may get $1200

According a CBS News report , thousands of people are missing out on a chance to collect $1,200 through a class action lawsuit against Dish Network. More than 51,000 calls were made between those two dates. A federal judge in North Carolina rule...

NPAs hit net; ICICI Bank rolls out new strategy

As per a BSE filing, the gross NPA (Non-Performing Asset) additions of Rs 15,737 crore in Q4. However, ICICI Bank's net interest income inched up to Rs 6,022 crore in the quarter ended March 31, 2018 from Rs 5,962 crore earned in the period ended M...

The Coca-Cola Company (KO) -Popular Mover to Observe

The firm has "Hold" rating given on Tuesday, April 17 by Goldman Sachs. The stock has "Hold" rating by Jefferies on Tuesday, March 27. On Friday, November 10 the stock rating was maintained by RBC Capital Markets with "Buy". Legal & General Group...

Stocks of Air France-KLM slides down: warnings from Government

On Friday Air France-KLM's CEO stopped over the emergency. Despite the French state owning 14.3% of the Air France-KLM parent group, the loss-making airline would not be bailed out, he said. The government's response is seen as a test of labour re...

Walmart, not Amazon, will acquire Indian market leader Flipkart

The Flipkart buy may be one of the largest deals in the retail sector and the biggest in the e-commerce market. Citing figures from the India Brand Equity Foundation, Zacks reported that the Indian e-commerce market is project to grow from $38.5 bi...

Elliott Management Offers Nearly $7B to Acquire athenahealth

Elliott's bid is for $160 a share-a 27 percent premium to the Massachusetts-based healthcare technology company's Friday afternoon price. According to CNBC , Elliott Management made an all-cash deal for Athenahealth on Monday morning. Last year,...

Black Ops IV Will "Push the Envelope in Innovation", Says Activision COO

The company's beta value is at 1.19. The source said that Battle.Net will fast resemble Epic Games own launcher, where you can add people from other platforms such as the Xbox One and PS4, though they also have no idea how far along this additional...

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Breaking News

Elon Musk explains why he's thinking about taking Tesla public

The company had a market value of $58 billion as of Monday's close. Basically, I'm trying to accomplish an outcome where Tesla can operate at its best, free from as much distrac...

Elon Musk tweets he has funding to take Tesla private

In a second tweet on Tuesday, Mr Musk said taking the company private would not lead to a single dominant shareholder. " Funding secured ", the tweet added, offering no furth...

Dead fetus reportedly found on plane at LaGuardia Airport

The fetus was found on board an American Airlines flight Tuesday morning. But at around 6 a.m. Tuesday morning, the cleaning crew found the fetus hidden inside the toilet under s...

Facebook asks major US banks to share customer data

At least one large USA bank has walked away from talks in light of the ongoing investigations into Facebook's data sharing practices, says the WSJ . The company is aiming to boos...

PepsiCo CEO Indra Nooyi steps down

Her run will end on October 3rd after 24 years with the company. Laguarta will take over on October 3 and will also join the board, the company said in a statement . "She has d...

Conor McGregor to Face Nurmagomedov in Main Event at UFC 229

McGregor , speaking with TMZ, revealed a deal for his comeback fight was near to completion nearly two years since his last appearance in the octagon. "For Khabib, who is undefeat...

White House adviser warns China 'better not underestimate' Trump on trade - worldwide

China proposed a 25 percent tariff on imports of copper ore and concentrate from the USA , which shipped about 70,000 tons to the country a year ago . The commerce ministry issu...

Oil edges lower as supply concerns return

Traders said prices rallied early when industry information provider Genscape reported that crude inventories at the Cushing, Oklahoma, delivery hub for USA crude, dropped 1.1 m...

Spanish pilots union sues Ryanair over contracts

A month earlier in a memo seen by Reuters Ryanair said time-off duties for the pilots committee remained an issue but there was little between the two sides and it was hopeful of...

USA employers add 157,000 jobs, jobless rate slips to 3.9 percent

Manufacturing gained 37,000 jobs, driven by durable-goods and transportation companies. But, as with small businesses, manufacturers are having trouble filling job openings, she ...

Special Reports

RBI monetary policy: Repo rate hiked by 25 bps

RBI monetary policy: Repo rate hiked by 25 bps

Mumbai: Home, auto and personal loans are set to get costlier as the Reserve Bank of India on Wednesday raised the repo rate , the rate at which it provides funds to banks, by ...

Record Iranian oil imports for India in July

Record Iranian oil imports for India in July

Purchases from Iran could slow from August as imports from Tehran are getting tougher after the United States in May pulled out of a 2015 nuclear deal and announced the renewal...

Oil Prices Drop as U.S. Inventory Grows

Oil Prices Drop as U.S. Inventory Grows

U.S. efforts to cut Iran's oil exports are expected to contribute to global oil price volatility in the short term, according to the International Energy Agency. EDT (2030 GMT) ...

That’s trillion with a T-Apple hits market value of $1 trillion

That’s trillion with a T-Apple hits market value of $1 trillion

He's right. It's extremely hard to avoid comparing Apple's good fortunes with the recent slump at Facebook , which can be crudely summed up as the result of the social networ...

USA considers higher tariffs on $200 billion in Chinese imports

USA considers higher tariffs on $200 billion in Chinese imports

The dynamic has proved hard to change, given USA consumers' reliance on Chinese goods. Two trump administration officials told reporters on a conference call that Trump remains...

China Plans Tariffs on $60 Billion of U.S. Goods

China Plans Tariffs on $60 Billion of U.S. Goods

China's Commerce Ministry said in a seperate statement Beijing's new set of proposed import tariffs on United States goods were rational and restrained. Beijing's earlier penalty ...

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo Leans on Turkey to Release Pastor Brunson: 'The Clock's Run Out'

Pompeo met with Turkish Foreign Minister Mevlut Cavusoglu in Singapore during a security conference in Southeast Asia. The administration is also seeking the release of several d...

China threatens new tariffs on $60 billion worth of U.S. goods

China threatens new tariffs on $60 billion worth of U.S. goods

The commerce ministry threat came after Wang met with US Secretary of State Mike Pompeo at a meeting of the Association of Southeast Asian Nations (ASEAN) in Singapore on Friday. "...

Apple is the first $1 trillion company in history

Apple is the first $1 trillion company in history

Started in the garage of co-founder Steve Jobs in 1976, that Apple has pushed its revenue beyond the economic outputs of Portugal, New Zealand and other countries, reports Reute...