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Markets

The market performance also reflects the strong USA and global economies, which have boosted corporate profits. The downturn may have been accelerated by the widespread use of exotic, leveraged securities that lose value when market volatility spikes, as it has in recent days.
  • Elon Musk Says SpaceX Will Now Start Working On 'Big F***ing Rocket'

    Elon Musk Says SpaceX Will Now Start Working On 'Big F***ing Rocket'

    Markets

    Elon Musk had earlier said in an interview that he loved the book, which he read as a teenager and that the spaceship from the book was his favourite. SpaceX should be able to produce ten BFR per year. Musk tried to put the issue to bed Wednesday, reiterating his long-held belief that lidar - which uses laser beams to sense surroundings - is inferior to Tesla's system of cameras, radars and ultrasonic sensors.
  • Amazon's New Delivery Service: What It Means for You

    Amazon's New Delivery Service: What It Means for You

    Markets

    Cargo Facts expects Amazon will begin by offering last-mile delivery services to third-party merchants, before gradually exposing more of its supply chain to SWA. Shipping With Amazon was previously tested and rolled out in London. According to Business Insider , that duopoly has already seen its shares drop by over 5 percent.
  • "Accidental" QLD Woodchipper Death Now Being Investigated As Suspicious

    Markets

    On Friday, Queensland police confirmed that information received during a coronial investigation had led them to believe Saunders' death was suspicious. The woman, who had recently lost her husband and was in the process of selling the property, had asked the men for help. Maryborough forensics Inspector Steve Webb told Channel Nine at the time of the incident that the two men who were with Saunders were "understandably extremely distressed over what's occurred".
  • McDonald's fans PANIC as Grand Mac SELLS OUT across UK

    McDonald's fans PANIC as Grand Mac SELLS OUT across UK

    Markets

    One restaurant in Middlesborough said a "national shortage" meant they could not sell more of the 741 calorie burgers. But it pledged to have restocked its branches within 24 hours. The restaurant chain is holding a competition where fans of the Big Mac sandwich are invited to post an ode to the burger on social media. Although it only looks a little taller than the original, it's a lot wider.
  • Herath makes history as Sri Lanka thrash Bangladesh

    Herath makes history as Sri Lanka thrash Bangladesh

    Markets

    Playing against Bangladesh in the second Test at Sher-e-Bangla National Stadium, Dhaka; Herath was only 4 wickets away from this milestone mark. Left-arm spinner Taijul Islam bowled Lakmal for 21 to end the partnership before he trapped Herath leg-before off the next ball to wrap up the Sri Lanka innings.
  • Don't Let Stock Prices Fool You: Texas Instruments Incorporated (TXN), Halliburton Company

    Markets

    Buckingham Asset Management Llc who had been investing in Chevron Corp New for a number of months, seems to be less bullish one the $214.80 billion market cap company. On Thursday, August 4 the stock rating was maintained by Barclays Capital with "Underweight". (NASDAQ:CONE) rating on Friday, August 4. The company has a market capitalization of $99,040.00, a price-to-earnings ratio of 27.91, a PEG ratio of 2.14 and a beta of 1.24.
  • Week ends on positive note but still worst in two years

    Week ends on positive note but still worst in two years

    Markets

    Both the Dow Jones Industrial Average and the benchmark S&P 500 index are down more than 10 percent since hitting record highs on January 26, and Thursday was the second time this week that the Dow fell more than 1,000 points. Bond prices didn't move much. The three indexes are now more than 10 percent below their record highs hit on January 26. "The outlook for the economy is extremely positive, the strongest in a long, long time", said Doug Cote, chief market strategist at Voya ...
  • United Kingdom shares slip amid market volatility

    United Kingdom shares slip amid market volatility

    Markets

    The retreat in equities had been long awaited by investors as the market climbed to record high after record high with few bumps. The last bear market was during the 2008 financial crisis. Investors were weighing whether the sharp swings were the start of a deeper move down or just clearing the way before a resumption of the aging bull market, which would turn nine on March 9.
  • Swiss Re opens talks with possible investor

    Swiss Re opens talks with possible investor

    Markets

    The talks still could fall apart and there might not be a deal, the newspaper said. By 1045 BST, Swiss Re shares were 4.10% higher at CHF93.88 - off the highs of CHF96.10 it hit at the opening bell. Shares of Swiss Re jumped more than 9 percent in midday trading. SoftBank could also be aiming to secure another source of cash flow to fund further spending.
  • Stocks Close Sharply Higher As S&P 500 Drops To Key Price Indicator

    Stocks Close Sharply Higher As S&P 500 Drops To Key Price Indicator

    Markets

    The Nasdaq composite gained 15 points, or.2 percent, trading at 6,789. The S&P 500 ended the week almost 9 per cent below the all-time high set just two weeks ago. Skechers USA ( SKX ) climbed $2.88, or 7.5 percent, to $41.06. Stocks may move back to the upside in early trading on Friday following the sell-off seen in the previous session.
  • China's Didi, SoftBank to roll out taxi venture in Japan

    China's Didi, SoftBank to roll out taxi venture in Japan

    Markets

    DiDi and SoftBank plan to start trial services in Osaka, Kyoto, Fukuoka, Tokyo and other locations within this year. Line's hailing service sits inside its app - which is Japan's most popular messenger - and it has integrated with taxi operators that include Nihon Kotsu, but it is unclear how popular it is now following its 2015 launch.
  • Detroit won't enforce its maybe-accidental ban on Airbnb

    Detroit won't enforce its maybe-accidental ban on Airbnb

    Markets

    He said the company looks forward to continuing its collaboration with Detroit . " Detroit homeowners have been able to rent out a room in their homes for more than 100 years, and we don't believe the new ordinance was meant to take away that right", said David Bell, director of the Buildings, Safety Engineering & Environmental Department for the City of Detroit , in a statement Friday.
  • Petroleo Brasileiro SA - Petrobras (PBR) - Still Listen to Stock Analysts?

    Markets

    The time frame or length you choose for a moving average, also called the "look back period", can play a big role in how effective it is. The price to current year EPS has 9.50%. Petroleo Brasileiro SA Petrobras now has an average rating of "Hold" and a consensus target price of $11.73. Petroleo Brasileiro SA Petrobras has a fifty-two week low of $7.61 and a fifty-two week high of $13.99.