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Markets

Wells Fargo & Co (NYSE: WFC ) last posted its quarterly earnings data on Friday, January 12th. It has underperformed by 7.03% the S&P500. Prospector Partners Llc increased its stake in Central Pac Finl Corp (CPF) by 33% based on its latest 2017Q3 regulatory filing with the SEC.
  • Citigroup Takes $22B Charge on Tax Law Adjustments

    Citigroup Takes $22B Charge on Tax Law Adjustments

    Markets

    Because the Republican tax law lowered the corporate tax rate from 35 percent to 21 percent, the assets are now worth less, leaving some banks to record a charge. Earnings per share rose to $1.28 per share from $1.14 a year earlier, topping estimates of $1.19 a share. Lagging competitors in growth and not earning its cost of capital, Citigroup's valuation has not kept up with rivals like JPMorgan Chase and Bank of America Corp.
  • United States stocks open higher on strong corporate earnings

    Markets

    The Standard & Poor's 500 index climbed 15 points, or 0.6 percent, to 2,801. The Labor Department said its consumer price index inched up by 0.1 percent in December after climbing by 0.4 in November. Shares in Ford Motor Co. Hershey fell 1.05 percent after Goldman Sachs downgraded the stock to "sell". Energy giant BP PLC (BP.LN) (BP.LN) said Tuesday it expects to book a $1.7 billion post-tax charge ...
  • AG files lawsuit to stop rollback of net neutrality

    AG files lawsuit to stop rollback of net neutrality

    Markets

    The state attorneys, including those of California, New York and Virginia as well as the District of Columbia, filed a petition to challenge the action, calling it "arbitrary, capricious and an abuse of discretion" and saying that it violated federal laws and regulations.
  • GE renews break-up talk as it discloses $11 billion Q4 hit

    GE renews break-up talk as it discloses $11 billion Q4 hit

    Markets

    About 233,220 shares traded. Waterstone Financial, Inc. (WSBF) has risen 34.87% since January 16, 2017 and is uptrending. It has underperformed by 21.57% the S&P500. Since August 8, 2017, it had 2 buys, and 1 insider sale for $4.48 million activity. Shares of the Boston-based company (GE) closed down 2.9% at $18.21.
  • Green Square Capital LLC Reduces Position in Mondelez International Inc (NASDAQ:MDLZ)

    Markets

    Alpine Woods Investors Ltd Company, New York-based fund reported 348,500 shares. NYSE:CSRA) shares were trading lower by -0.09 percent ($-0.03) at $32.08 a piece in Sunday's session. 118,239 are owned by Cornercap Investment Counsel. State Board Of Administration Of Florida Retirement System accumulated 0% or 28,157 shares. Cap Intll Ltd Ca invested 0.52% in Mondelez International, Inc .
  • Blackberry launches cybersecurity software to help protect self-driving cars from hacks

    Blackberry launches cybersecurity software to help protect self-driving cars from hacks

    Markets

    The SaaS solution is customized to each customer's supply chain, and BlackBerry says it can be adapted to use in sectors such as healthcare, aerospace, defense and industrial automation. The development teams will have immediate access to the vulnerabilities through user-friendly dashboards with specific cautions and advisories. Jarvis can also be programmed to align with company's own objectives and ensure software meets compliance standards.
  • Morgan Stanley (NYSE:MS) Q3 2017 Sentiment Report

    Morgan Stanley (NYSE:MS) Q3 2017 Sentiment Report

    Markets

    Icon Advisers Inc. Co. now owns 54,378 shares of the company's stock valued at $945,000 after acquiring an additional 35,341 shares in the last quarter. On Monday, November 27th, City Of London Investment Grou sold 3,732 shares of Morgan Stanley India Investment Fund stock. Therefore 40% are positive.
  • Chinese Machine Learning Beats Humans in Reading Test

    Chinese Machine Learning Beats Humans in Reading Test

    Markets

    After mastering games such as chess and Go, artificial intelligence (AI) is now better than us in one of our most-loved hobbies: reading . Alibaba's software was the first to beat the human score. The questions are generated based on hundreds of Wikipedia articles. Squad developer Pranav Rajpurkar of the Stanford Machine Learning Program described Alibaba's feat in the reading test as "a strong start to 2018" in terms of AI development.
  • European Union leaders suggest United Kingdom can still reverse Brexit

    European Union leaders suggest United Kingdom can still reverse Brexit

    Markets

    Quoting the Brexit Secretary, he added: "Wasn't it David Davis himself who said "if a democracy can not change its mind, it ceases to be a democracy"?" "Tell us what you want. "The blue passports are the first and the only real thing the British Government has achieved in more than one-and-a-half years of negotiations". The European Council president's remarks come after reports the EU will push for all of its citizens who arrive in Britain before the end of the decade to get permanent ...
  • Sarepta Therapeutics (SRPT) Upgraded to "Buy" by BidaskClub

    Markets

    Qvt Financial Lp sold 53,863 shares as Sarepta Therapeutics Inc (SRPT)'s stock rose 22.49%. The hedge fund held 104,523 shares of the health care company at the end of 2017Q3, valued at $4.74M, up from 52,000 at the end of the previous reported quarter.
  • Is Expedia (NASDAQ:EXPE) Now a Sell? Merrill Lynch Downgrades Stock

    Is Expedia (NASDAQ:EXPE) Now a Sell? Merrill Lynch Downgrades Stock

    Markets

    About 2.35M shares traded. Expedia, Inc. (NASDAQ:EXPE) has risen 30.43% since January 13, 2017 and is uptrending. It has outperformed by 3.47% the S&P500. Among 35 analysts covering Fortinet Inc. IL raised its position in Expedia by 0.6% in the 2nd quarter. (NASDAQ:FTNT) has "Buy" rating given on Wednesday, October 12 by Goldman Sachs.
  • Is your Sam's Club closing? Here's what to do about your membership

    Is your Sam's Club closing? Here's what to do about your membership

    Markets

    Three stores in IN are being closed, two in Indianapolis and one in Goshen , according to a Sam's Club employee. As far as 63 Sam's Club stores closing across the nation, Hatfield says Those in Texoma will remain open. Walmart has announced an increase to its minimum wage and a series of bonuses in light of the Republican tax bill, but the bulk of its corporate tax cut still won't trickle down to its workers.