Markets

The government is expected to generate N6.07 trillion in 2018, 30% higher that the expected 2017 figure. . In the 2018 budget, the ministry of works, power and housing is expected to receive the lion shares of the allocation with N555.8bn while the ministry of transportation received N263bn, the second highest.
  • Senate Tax Bill Likely to Keep $1 Million Mortgage Cap

    Senate Tax Bill Likely to Keep $1 Million Mortgage Cap

    Markets

    The chief of staff of the bipartisan congressional Joint Committee on Taxation, Thomas A. Barthold, testified Monday that tax increases would start hitting about 38 million Americans in the $20,000 to $40,00 income bracket in 2023. "The largest cuts in terms of dollars and as a percentage of after-tax income would accrue to the higher-income households", TPC wrote. The expectation of deep tax cuts has helped fuel a stock market rally during Trump's time as president, with the broad S&P 500 ...
  • There's a Lord of The Rings TV series in the works

    Markets

    Variety reports that Warner Bros. and the late British author's estate are now shopping a series based on the popular set of novels - and that Amazon has pulled ahead, with CEO Jeff Bezos's "personal" involvement. HBO has reportedly passed on the project. Has Amazon found the Game of Thrones it's been seeking? Warner Bros is the studio behind Sir Peter Jackson's Lord of the Rings trilogy, which earned legions of fans, billions of dollars and tons of awards.
  • Mylan NV (NASDAQ:MYL) EPS Analysis

    Mylan NV (NASDAQ:MYL) EPS Analysis

    Markets

    Mylan N.V. now has $19.16B valuation. Teachers Advisors LLC now owns 1,943,541 shares of the company's stock worth $75,779,000 after acquiring an additional 1,093,160 shares during the last quarter. Tctc Holdg Ltd Company has 366,920 shares. Meanwhile, Priceline Group Inc ( NASDAQ:PCLN ) shares shed 0.87% on Friday. The company has a market cap of $19,155.96, a price-to-earnings ratio of 7.17, a price-to-earnings-growth ratio of 1.93 and a beta of 1.38.
  • Google, Salesforce Team Up in Cloud, After Takeover Speculation

    Google, Salesforce Team Up in Cloud, After Takeover Speculation

    Markets

    Alphabet Inc.'s Google adds a new corporate channel to spread its products, while Salesforce gets help selling more of its services for managing customer relationships or handling marketing demands. "We've been getting more and more requests from our customers", Tariq Shaukat, Google Cloud's president for partners and industry platforms, said in a press conference this afternoon.
  • To offer mobile service in southwestern CT

    To offer mobile service in southwestern CT

    Markets

    Altice is the dominant cable carrier in southwestern CT, operating also an extensive Wi-Fi wireless network in its territories thanks to wireless hubs it issues customers that send out tandem signals allowing for password-enabled access to the Internet.
  • Comcast reports trouble with XFINITY internet service nationwide

    Comcast reports trouble with XFINITY internet service nationwide

    Markets

    Large swaths of the United States are now experiencing internet connection problems with several major providers reporting problems. Many Comcast internet customers had problems with their internet Monday. So far, it's unclear where the problem is stemming from. Some users reported intermittent or slow services while others were simply unable to connect.
  • Voters Guide to the November 7 elections

    Voters Guide to the November 7 elections

    Markets

    The county Board of Elections reports that 4,428 votes were cast during the early voting period from October 19 through November 4. "Voters are out fulfilling their civic duty and heading to the polling location to vote", Elections Administrator Yvonne Ramon said.
  • Gas prices up 26 cents compared to past year

    Gas prices up 26 cents compared to past year

    Markets

    AAA Michigan says gas prices statewide have jumped by about 20 cents per gallon in the past week amid tighter supplies in the Great Lakes region. In Flint, last week's prices averaged around $2.46. That's about 54 cents more than at the same point past year. The price of gasoline is rising in northern New England. DeHaan said prices in the central USA should stabilize soon,"but some additional bumps in the road ahead can be expected for motorists elsewhere".
  • Amazon Now Discounting Products From Third-Party Sellers During Holiday Shopping Rush

    Amazon Now Discounting Products From Third-Party Sellers During Holiday Shopping Rush

    Markets

    Some merchants have criticized Amazon in the past for discounting and, they say, devaluing their products. The first time the discounts were spied appears to have come about a month ago and so far, Amazon hasn't made a big deal about them. "The discount is provided by Amazon", the offer states. In the case of the example above, the buyer would pay $42.88 for the board game, the seller would receive $46.56, with Amazon making up the difference out of its own pocket.
  • Twenty-First Century Fox, Inc. (FOXA) Shares Sold by Parkwood LLC

    Twenty-First Century Fox, Inc. (FOXA) Shares Sold by Parkwood LLC

    Markets

    State of Alaska Department of Revenue now owns 4,365 shares of the company's stock worth $123,000 after buying an additional 200 shares in the last quarter. Jefferies Group LLC reissued a "buy" rating and issued a $35.00 price target on shares of Twenty-First Century Fox in a research note on Saturday, July 22nd.
  • Fed's William Dudley appeals to Congress to 'do no harm'

    Fed's William Dudley appeals to Congress to 'do no harm'

    Markets

    The New York Fed plays a crucial role in USA monetary policy; the president always has a say in Federal Open Market Committee (FOMC) policy meetings. Eligible members are those without bank affiliations. Dudley played a major role in the Fed's response to the 2008 financial crisis and has supported Yellen's cautious efforts to raise interest rates. The announcement from the New York Fed said Dudley meant to step down in the middle of next year to ensure that his successor would be in place ...
  • Michael Kors Shares Jump on Strong Outlook

    Markets

    The stock has "Hold" rating by Canaccord Genuity on Monday, June 12. The rating was maintained by Argus Research with "Buy" on Thursday, August 3. On Friday, September 2 the stock rating was upgraded by JP Morgan to "Overweight". Invesco Ltd holds 0.06% or 5.05M shares in its portfolio. Cubist Systematic Strategies Ltd Liability Corp reported 0.08% stake. Lsv Asset reported 325,000 shares.
  • Why Solid CVS Health Earnings Are Not Enough

    Why Solid CVS Health Earnings Are Not Enough

    Markets

    Asked how much delivery would cost, Helena Foulkes, who runs the company's retail business, didn't specify but said CVS was able to "use our scale to secure a low-priced, competitive option" that the company believes customers will pay for.
  • New phishing scam sends out fake Netflix suspension emails

    New phishing scam sends out fake Netflix suspension emails

    Markets

    Millions of Netflix users are now being targeted by an updated version of a scam that has been doing the rounds since a year ago. A scam email has appeared today that is pretending to be from Netflix. If you check your email between Netflix binges and see a message from the company claiming your account is about to be suspended, don't open it-it's likely a scam.
  • QUALCOMM Incorporated (QCOM) Downgraded to Hold at Vetr Inc

    QUALCOMM Incorporated (QCOM) Downgraded to Hold at Vetr Inc

    Markets

    Heritage Invsts Mgmt Corporation invested in 72,110 shares or 0.27% of the stock. Pinnacle Financial Partners Inc. now owns 88,471 shares of the wireless technology company's stock valued at $5,073,000 after acquiring an additional 3,807 shares during the last quarter.