Markets

Gasoline prices surged 13.1 percent last month, accounting for 75% of the increase in the CPI, as Hurricane Harvey knocked Gulf Coast refineries off line and forced gas dealers to scramble for supplies. This implies the inflation is imported. Excluding the volatile food and energy components, consumer prices gained 0.1% in September - after a 0.2% gain in August -as the increase in rental accommodation slowed and the cost of new motor vehicles and the medical care index declined.
  • Telco Complaints Skyrocket, NBN Tops List

    Telco Complaints Skyrocket, NBN Tops List

    Markets

    As Dr Brooks points out, complaints about Internet services have soared 64% to 63,892 complaints in a single year, and now represent over 40% of all TIO complaints, "more than for landline phones or mobile phones for the first time". Problems can arise with retailers, with other intermediaries, and sometimes the problem can be with the residential consumer's or small businesses' equipment.
  • Amneal, Impax to merge

    Amneal, Impax to merge

    Markets

    The specialty pharmaceutical company reported $0.18 earnings per share for the quarter, beating the Zacks' consensus estimate of $0.14 by $0.04. After having $0.18 EPS previously, Impax Laboratories Inc's analysts see 5.56 % EPS growth. The value of the company's investment in Impax Laboratories , Inc. went from $13,859,000 to $28,056,000 increasing 102.4% for the reporting period. The firm earned "Hold" rating on Friday, September 29 by BMO Capital Markets.
  • Trump praises Greek economic recovery

    Trump praises Greek economic recovery

    Markets

    Trump, joining with Prime Minister Alexis Tsipras , said Greece had "gone through a lot" during its extended period of economic hardships but vowed that the US would remain steadfast as the country executes its debt-relief plan. President Donald Trump says Greece has "gone through a lot" but "is doing a terrific job of coming back" - an apparent reference to the country's ability to weather its economic troubles.
  • Pizza Hut suffers data breach

    Pizza Hut suffers data breach

    Markets

    Some of those customers are angry that it took nearly two weeks for the fast food chain to notify them. According to the email , shared on social media by some of the victims, Pizza Hut classified it as a "temporary security intrusion", that was carried out between the morning of October 1 and midday October 2, which affected information of some customers who visited its website or mobile app during the 28-hour period.
  • U.S. senators reach tentative health care deal

    U.S. senators reach tentative health care deal

    Markets

    Trump has highlighted the upcoming premium increases, which his own actions have helped encourage, as evidence the law is "dead". "This is a short-term deal", as the President again said he hopes to get Congress to approve a set of longer-term reforms which revolve around block grants to the states.
  • Riding High: Dow Jones Just Hit the 23000 Mark

    Markets

    About 5.5 billion shares changed hands on USA exchanges. The Dow reached 20,000 points for the first time on January 25, topped 21,000 barely a month later on March 1, and then summited 22,000 on August 2 before hitting the 23,000-point mark on Tuesday.
  • Alphabet to develop high-tech waterfront site in Toronto

    Alphabet to develop high-tech waterfront site in Toronto

    Markets

    Prime minister Justin Trudeau said that the move is to make for "smarter, greener, more inclusive cities that he hopes will expand across Toronto and eventually the globe". Alphabet Chairman Eric Schmidt made the announcement alongside Dan Doctoroff, chief executive of Sidewalk Labs. Sidewalk Labs, sister company of Google, is officially confirmed to have won a competition to build a new high-tech neighbourhood called Quayside on the east downtown waterfront.
  • MGM Resorts International (MGM) -5.95% away from 20 SMA

    MGM Resorts International (MGM) -5.95% away from 20 SMA

    Markets

    They may also be used to assist the trader figure out proper support and resistance levels for the stock. Therefore 77% are positive. The Company's shares were trading -14.31% below from the 52-week high price mark of $34.65 and 18.05% above from the 52-week price bottom of $18.05%.
  • Comprehensive Stock Analysis Of Exxon Mobil Corporation (XOM)

    Comprehensive Stock Analysis Of Exxon Mobil Corporation (XOM)

    Markets

    Palladium Prns Ltd Liability Corp has invested 2.22% in Exxon Mobil Corporation (NYSE: XOM ). The portion of a company's profit allocated to each outstanding share of common stock was $2.69 a share in the trailing twelve months. The rating was maintained by Jefferies on Thursday, April 13 with "Buy". The company's consensus rating on Reuter's scale improved from 1.88 to 2.04 during a month.
  • EPS for Energy Transfer Partners LP (ETP) Expected At $0.20

    EPS for Energy Transfer Partners LP (ETP) Expected At $0.20

    Markets

    About 83,897 shares traded. Oakworth Cap has 0% invested in Energy Transfer Equity LP (NYSE: ETE ). It has underperformed by 36.98% the S&P500. Therefore 73% are positive. The Company is involved in the transport, terminaling and storage of crude oil, refined products and natural gas liquids (NGLs). In contrast to the year ago quarter EPS was at 0.38.
  • US Is Said to Demand Steel Tracking in Nafta Push on Autos

    US Is Said to Demand Steel Tracking in Nafta Push on Autos

    Markets

    A spokesperson for U.S. Trade Representative Robert Lighthizer declined to comment. Trump earlier this month again floated the possibility that the US may terminate the agreement. The first disagreement is known as " rules of origin ". The U.S. proposed vastly expanding the list to include textiles, aluminum and other metals, one official said.
  • Nigerian inflation still high, but slows for eighth month in row

    Nigerian inflation still high, but slows for eighth month in row

    Markets

    Prices in London alone rose 2.6 percent. "The percentage change in the average composite CPI for the twelve-month period ending in September 2017 over the average of the CPI for the previous twelve-month period was 17.17 per cent, showing 0.16 per cent point lower from 17.33 per cent recorded in August 2017", the report said.
  • Is Walgreens Boots Alliance, Inc. (NASDAQ:WBA) Oversold?

    Markets

    About 2.24M shares traded. At the time of writing, Walgreens Boots Alliance , Inc. It has underperformed by 33.04% the S&P500. The sale was disclosed in a filing with the SEC, which is available through the SEC website . Walgreens Boots Alliance, Inc (Walgreens Boots Alliance) is a holding company. The P/E ratio is now 17.00 and the market cap of the company is 72.03B.
  • PayPal Adds Retail Purchases To Venmo App Ahead Of Apple Launch

    PayPal Adds Retail Purchases To Venmo App Ahead Of Apple Launch

    Markets

    Credit Suisse Group reiterated an "outperform" rating and set a $70.00 price objective (up previously from $63.00) on shares of PayPal Holdings in a report on Tuesday, October 10th. As regular trading ended, The Boeing Company (BA) stock brought in a -$0.99 drop to $259.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link .