Business

US, Japan Committed to the G7, G20 Agreements on Currency

Top finance officials including new U.S. Treasury Secretary Steven Mnuchin are debating what stance to take on free trade at a meeting that will help set the tone for the global economy. Trump's top trade adviser, Peter Navarro , previously accused Germany of using a "grossly undervalued" euro in order to gain advantage over the US and its own European Union partners. Read More

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Oil price continues to rise as USA crude inventories dip

Oil price continues to rise as USA crude inventories dip

Opportunistic investors also helped by swooping up bargains after recent weakness. Futures advanced as much as 2.4% in NY after slumping nearly 11% the previous seven sessions. The report also said global oil supply fell by 210,000 million barrels per day in February, while non-OPEC supplies fell 140,000 million barrels per day to 63.92 million barrels per day. Read More

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Gareth Southgate hints at Marcus Rashford Under-21 return

Gareth Southgate hints at Marcus Rashford Under-21 return

England face Germany in a friendly clash in Dortmund, before hosting Lithuania four days later as they continue their World Cup qualifying campaign. "I said, "It's been a long time, I remember you kicking me years ago", but generally, he's a really nice man, to be fair". However, Walcott was left out because Southgate "didn't see him featuring in the games this week" and "needed to look at one or two other players". Read More

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Jabil Circuit, Inc. (NASDAQ:JBL) Expected To Report Earnings On Wednesday

Jabil Circuit, Inc. (NASDAQ:JBL) Expected To Report Earnings On Wednesday

The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link . Jabil Circuit, Inc . The stock has a market cap of $4.91 billion, a PE ratio of 24.42 and a beta of 0.86. The biggest holder now is Mr. Mark T. Mondello who owns 2,047,619 shares (1.12% of those outstanding), whilst William D. Morean holds 2,013,917 (1.11% of shares outstanding) and William E. Read More

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Ackman dumps Valeant stake hours after being squeezed on Herbalife

Ackman dumps Valeant stake hours after being squeezed on Herbalife

Pershing Square sold its 18.1 million shares at about $11.25 a share, according to a report in Bloomberg . This has been his biggest loser since launching his fund in 2004. There were mixed reactions to Ackman's exit. Ackman publicly teamed up with Valeant to try to buy out Botox-maker Allergan (Ackman bought a stake in Allergan and promised to sway his shares in favor of the Valeant acquisition). Read More

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Wpp Plc (WPP) Receives "Buy" Rating from Shore Capital

They set a buy rating and a GBX 310 ($3.79) price objective on the stock. ConvaTec Group PLC (LON:CTEC) had its price objective upped by Goldman Sachs Group Inc from GBX 300 ($3.67) to GBX 310 ($3.79) in a report published on Tuesday. The ex-dividend date of this dividend is Thursday, May 11th. This represents a dividend yield of 2.52%. The stock of National Express Group PLC (LON:NEX) has "Buy" rating given on Thursday, May 12 by Beaufort Securities. Read More

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Elon Musk promises solution to South Australian energy problems

Elon Musk promises solution to South Australian energy problems

Australian billionaire Michael Cannon-Brookes reached out to Tesla CEO Elon Musk on Twitter to see if the proposal was serious, which was confirmed in typical Musk fashion. The 100 day deadline is a tight one but Tesla have shown that they have the form needed to get the job done having recently installed an 80MWh grid scale battery farm in southern California within just 90 days. Read More

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Whoa! Starbucks Seasonal Cups Go Pastel for Spring

Whoa! Starbucks Seasonal Cups Go Pastel for Spring

Customers might recall the Starbucks Christmas cups controversy of 2015 that featured plain red cups with the Starbucks logo on them. Starbucks customers will soon have a new coffee cup to collect. Indeed. Right now, it's hard to imagine ever getting sick of summer, but just think how excited people are to see those PSLs coming out at the end of - gasp - August. Read More

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Big Lots, Inc. (BIG) held by 35 SEC 13F Filers

Several research firms have recently commented on BIG. Loop Capital initiated coverage on shares of Big Lots in a report on Tuesday, December 6th. The Ohio-based company buys a range of merchandise discounted as a result of liquidations, production overruns and packaging changes and sells it at significantly lower prices than traditional discount retailers. Read More

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Costco Membership Fees Going Up as of June 1, 2017

Costco Membership Fees Going Up as of June 1, 2017

A beta of less than 1 means that the security will be less volatile than the market. The median estimate represents a 1.13% increase from the last price. The simple moving average is the most common method used to calculate the moving average of prices. The company maintains price to book ratio of 4.13 vs.an industry average at 0.46. Read More

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Stored US crude climbs for eighth straight week

Stored US crude climbs for eighth straight week

Production averaged nearly 9 million barrels per day (bpd) in the four weeks to February 24, according to the latest weekly estimates published by the Energy Information Administration (EIA). During the first full year since the sanctions were lifted, Iran has boosted exports to its biggest Asian customers by almost 60 percent to 1.63mn bpd. Read More

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Ontario hydro cut means billions in interest costs

Several other measures were announced Thursday to give low-income, rural and northern residents additional savings, which will cost the government $2.5 billion over three years. The NDP's plan also includes capping profit margins for private power companies and establishing a panel to examine cancelling or renegotiating long-term power contracts at above-market rates. Read More

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