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Markets

Chinese officials have denounced the recent passage of a USA law encouraging more high-level contacts with Taiwan. Meanwhile, China's trade surplus with the 28-nation European Union, its biggest trading partner, shrank by half from the previous year to US$3.6 billion.
  • Brent crude rises above $73 amid Middle East tensions

    Brent crude rises above $73 amid Middle East tensions

    Markets

    Prices peaked following reports that US President Donald Trump is considering forming a coalition with Britain and France to launch air strikes against the Syrian regime, in response to the chemical attack in the Damascus suburb of Douma last weekend.
  • Wells Fargo Warns of Possible $1B Settlement

    Wells Fargo Warns of Possible $1B Settlement

    Markets

    Patriot Financial Group Insurance Agency LLC now owns 1,912 shares of the financial services provider's stock valued at $106,000 after acquiring an additional 6 shares during the period. Morgan Stanley lowered Wells Fargo from an equal weight rating to an underweight rating in a report on Monday, February 5th. Wells Fargo announced that its board has initiated a stock repurchase plan on Tuesday, January 23rd that allows the company to repurchase 350,000,000 shares.
  • VW officially replaces Matthias Muller as CEO with brand head Herbert Diess

    VW officially replaces Matthias Muller as CEO with brand head Herbert Diess

    Markets

    Luxury group Audi will be placed in a separate premium division and high-end brands Porsche , Bentley , Bugatti and Lamborghini in a super-premium group. The company sold 10.74 million vehicles and made 11.6 billion euros ($14.3 billion) in profit. Corporate restructuring sees group separate vehicle brands into new core divisions - volume, premium and super premium.
  • Infosys net up 11.7% in 2017-18

    Infosys net up 11.7% in 2017-18

    Markets

    In a regulatory filing on the BSE, the city-based IT firm said consolidated revenue for the fiscal under review grew three per cent annually to Rs 70,522 crore. He added that the company will execute its strategy around the four pillars - scaling digital business (USD 2.79 billion in revenue currently), energizing client's core technology landscape via AI and automation, re-skilling employees, and expanding localisation in markets like US, Europe, and Australia.
  • Sensex surges over 200 points, Nifty above 10500

    Sensex surges over 200 points, Nifty above 10500

    Markets

    Overseas, European bourses opened positive, with the pan-European STOXX 600 index on track for its third straight week of gains, its longest winning streak since January. Both Sensex and Nifty however, finished more than 0.20 per cent in the green. The index has now gained 1,173.58 points in the past seven sessions. On Thursday, benchmark equity indices and kept pushing ahead as investors continued to stay positive on back of stable global cue and macroeconomic indicators.
  • Technical Bulletin for Comcast Corporation (CMCSA)

    Technical Bulletin for Comcast Corporation (CMCSA)

    Markets

    Cardinal Capital Management Inc who had been investing in Comcast Corp. Bank Of The Ozarks who had been investing in Southern Co for a number of months, seems to be bullish on the $44.18B market cap company. Altrinsic Global Advsrs Limited has 1.66% invested in Comcast Corporation (NASDAQ: CMCSA ) for 1.08M shs. Voya Mgmt Ltd Liability Corp stated it has 12.41M shares.
  • PNC Financial Services Group (PNC) Receiving Positive Media Coverage, Analysis Shows

    Markets

    This compares with $1.07 billion, or $1.96 per share, in last year's first quarter. Shares of PNC Financial Services Group closed the previous trading session at 152.49 up +0.75 0.49% with 149.0 shares trading hands. The firm earned "Buy" rating on Friday, April 6 by Vining Sparks. This represents a $3.00 annualized dividend and a yield of 1.97%. PNC Financial Services Group's dividend payout ratio (DPR) is presently 35.29%.
  • Micron Technology (MU) EVP Sells 13695 Shares of Stock

    Markets

    Usa Fincl Portformulas has invested 1.01% in Micron Technology, Inc . It has outperformed by 70.65% the S&P500. Profund Advisors Llc increased Freeport (FCX) stake by 72.83% reported in 2017Q4 SEC filing. GE's profit will be $1.04 billion for 27.07 P/E if the $0.12 EPS becomes a reality. This number is based on a 1 to 5 scale where 1 indicates a Strong Buy recommendation while 5 represents a Strong Sell.
  • Wells Fargo First Quarter Profit Advances, Revenue Dips

    Wells Fargo First Quarter Profit Advances, Revenue Dips

    Markets

    Vetr upgraded shares of Wells Fargo from a "hold" rating to a "buy" rating and set a $54.10 price objective for the company in a report on Wednesday. Therefore 55% are positive. That would reverse its relatively rosy first-quarter results, which included higher profit and a smaller drop in revenue than Wall Street expected, after the Federal Reserve prohibited the scandal-plagued bank from increasing assets until it fixes its missteps.
  • Volkswagen gets new boss ahead of sweeping changes

    Volkswagen gets new boss ahead of sweeping changes

    Markets

    Wolfsburg: The new chief of German auto giant Volkswagen was Friday set to outline his plans for steering the company out of the cloud of the "dieselgate" scandal and into a future of electric cars and "sustainable mobility". Osterloh said that labour representatives also back Volkswagen's decision to prepare its truck and bus division for "capital market readiness" by making it a public limited company.
  • Tesla Stock Rises After Snarky Musk Tweet

    Tesla Stock Rises After Snarky Musk Tweet

    Markets

    CNBC has the details on what the Tesla CEO had to say. But that has done little to dampen the enthusiasm of CEO Elon Musk . Now it's just boring (sigh). The NTSB chafed that Tesla improperly released incomplete data without authorization. "Last week, in a conversation with the NTSB, we were told that if we made additional statements before their 12-24 month investigative process is complete, we would no longer be a party to the investigation agreement".
  • Citigroup (C) Releases Earnings Results, Beats Expectations By $0.07 EPS

    Citigroup (C) Releases Earnings Results, Beats Expectations By $0.07 EPS

    Markets

    Caprock has 15,069 shs for 0.23% of their capital. Grp Inc owns 0.21% invested in Citigroup Inc . Td Capital Mngmt Ltd Llc accumulated 0% or 1 shares. Citigroup Inc reported earnings per share of $1.68 for the first quarter of the year. Net income of $4.6 billion increased 13%, driven by the higher revenues and a lower effective tax rate, partially offset by higher expenses and cost of credit.
  • Stock Movements Activity:: Time Warner Inc. (TWX)

    Stock Movements Activity:: Time Warner Inc. (TWX)

    Markets

    Sather Financial Group Inc who had been investing in Starbucks Corp for a number of months, seems to be bullish on the $83.52B market cap company. Its opening price on the last trading day was $96.71. Evercore downgraded the shares of TWX in report on Monday, August 7 to "In-Line" rating. (NYSE:NKE) is 0.181104. Free cash flow (FCF) is the cash produced by the company minus capital expenditure.