Posts Tagged by Stocks

The average American’s annual food waste, water use, energy consumption, garbage, and carbon emissions in 1 simple chart

The United States comprises about 5% of the world’s population. However, Americans consume an far more than that share of the world’s food, water, and energy. They also generate a lot of emissions and garbage in the process. In honor of Earth Day, a revealing […]

China’s ZTE seeking a solution to U.S. tech ban

ZTE Corp., one of China’s biggest tech companies, said Sunday that it is taking steps to comply with a U.S. technology ban and that it is seeking a solution to the issue it says threatens its survival. read more >>> Source:: CTVNews.Ca

One popular trade is stuck in its worst stretch in 35 years — but Morgan Stanley has the perfect strategy for a big comeback

A trade that was formerly very popular with long-term investors has delivered two straight quarters of negative total return for the first time since 1973. Morgan Stanley sees the trade as set for a comeback, and says it has a strategy that’s perfect for playing […]

Someone transferred $99 million in litecoin — and it only cost them $0.40 in fees

$99 million worth of litecoin was sent in a single trade on Thursday. The transaction took just two-and-a-half minutes to clear and cost only $0.40 in fees. Crypto bulls are pointing to the trade as evidence that cryptocurrency is better for sending money than traditional […]

A Wall Street analyst thinks he’s figured out the real price Netflix would need to charge to break even — and he says it would destroy the company’s growth (NFLX)

The Wedbush analyst Michael Pachter on Tuesday reiterated his “underperform” rating on Netflix’s shares. His bearish view comes despite the company’s earnings report Monday that said it added about 1 million more subscribers in the first quarter than analysts had expected. Pachter is concerned about […]

8 things you probably never knew about Queen Elizabeth II

Queen Elizabeth II is the longest-lived and longest-reigning British monarch in history. She’s ruled over the United Kingdom as a constitutional monarch since her 1953 coronation. The queen and her family are frequently in the news — but there are some facts about Queen Elizabeth […]

BP Canada given the go-ahead to start drilling off the Nova Scotia coast

Nova Scotia’s offshore petroleum regulator has granted BP Canada Energy Group approval to begin drilling a well off the province’s coast. read more >>> Source:: CTVNews.Ca

BANK OF AMERICA: Market bulls have been ‘silenced’ — but there are 2 big reasons they refuse to give up on stocks

Bank of America Merrill Lynch’s fund-manager survey shows a handful of statistics suggesting bullish sentiment has been tempered. Yet the stock market continues to climb higher, and BAML sees two reasons investors are so reluctant to throw in the towel. As the stock market has […]

There’s a science-backed treatment for drug addiction that works — but it’s nearly impossible to get

The death toll from the opioids epidemic continues to soar. Experts say we already have a science-backed treatment that works: medication-assisted treatment, or MAT. The problem, however, is that very few people can get it. The death toll from the opioids epidemic continues to soar […]

GOLDMAN SACHS: A steadfast source of stock market turmoil is poised to make a comeback

There’s been no shortage of news to scare investors this year, from US trade policy to interest rates. And now, Goldman Sachs’ equity strategists have flagged another source of volatility that’s set to be amplified in the coming months. Nearly halfway into 2018, it’s become […]

2018 could end up being a great year for the UK economy — here’s why

UK economic growth could pick up much more sharply than expected by the end of 2018, according to Mike Bell, a global market strategist at JPMorgan Asset Management. That’s because Bell expects inflation to fall quicker than most people expect, while wage growth will continue […]

Goldman Sachs’ top oil gurus lay out a completely different take than Trump has on where prices should be

President Donald Trump lashed out at OPEC on Friday, tweeting that oil prices were “artificially very high” after oil rose to a three-year high on Thursday. Saudi Arabia is said to be targeting $80 a barrel. In a note, commodity strategists at Goldman Sachs laid […]

We took a 1,000-horsepower electric luxury sedan for a spin on the streets of Silicon Valley

We have driven, reported on, road-tripped, and talked about our fair share of electric and hybrid vehicles at Business Insider. These are exciting times for a technology that was born more than 100 years ago, but only started to gain steam in the last 20 […]

Automakers are facing an unprecedented shift in the industry — and it’s great news for consumers

The auto industry is usually thought of as a cyclical business, but the current US sales boom has lasted longer than expected. This has enabled a novel period of long-term strategic planning. “The auto industry is cyclical.” You hear that all the time in the […]

A small family-run firm bought Flickr from Verizon and says it can bring back its glory days (VZ)

Flickr, which was owned by Verizon, has been acquired by photo sharing and image hosting site SmugMug. SmugMug does not have any plans to lay off any employees nor fold Flickr into SmugMug. The price of the deal has not been disclosed. Flickr, the once […]

The FAA has ordered inspections of the type of jet engines that failed on deadly Southwest flight

The Federal Aviation Administration has ordered airlines to inspect certain older CFM56-7B turbofan engines. A CFM56-7B failed on Southwest Airlines Flight 1380 on Tuesday, forcing the flight to make an emergency landing. The FAA is requiring inspections to be completed within the next 20 days. […]

The CEO of the $3.9 billion company at the heart of the cloud wars talks about going public after 29 years (PVTL)

Pivotal Software began trading publicly on Friday, closing up about 5% from its listing price of $15. It’s now valued at $3.9 billion. Pivotal’s biggest business is in selling tools that help developers deploy their apps across Microsoft’s, Amazon’s, and Google’s massive cloud computing platforms. […]

Marijuana sector firms get marketing pushback as legalization looms

Some Canadian marijuana sector companies are getting pushback against their marketing efforts from social media platforms and government officials as legalization of recreational pot looms and regulations are not yet final. read more >>> Source:: CTVNews.Ca

Stocks stumble into the weekend as the 10-year hits its highest level since 2014

A tech selloff pulled stocks lower Friday, as investors brooded over dampening demand for smartphones. Inflation fears pushed bond yields to a three-year high. Here’s the scoreboard: Dow Jones Industrial Average: 24,451.03 −213.86 (-0.87%) S&P 500: 2,667.01 −26.12 (-0.97%) Nasdaq: 7,146.13 −91.93 (-1.27%) Technology stocks […]

Facebook’s drones unit is conducting a mysterious test in the desert near New Mexico’s ‘spaceport’ (FB)

Facebook’s drones unit is conducting tests of experimental wireless equipment in New Mexico. The tests were revealed in FCC filings seen by Business Insider. FCL Tech, which develops internet-enabled drones for the developing world, said it is working on a “connectivity project.” Facebook’s drones unit […]

Metis, Manitoba agree to 2-week ‘reset’ before heading to court in hydro spat

The Manitoba Metis Federation and the province have agreed to a two-week “reset” to avoid meeting in court over planned hydro projects. read more >>> Source:: CTVNews.Ca

MoviePass’ parent company is getting smoked — again — after ‘scary’ new revelations about its finances (HMNY)

Helios & Matheson, which owns MoviePass, is down more than 7% Friday. The company admitted its prospectus filed earlier this week contained errors. Shares are currently trading at just 6% of their all-time high. Follow HMNY stock price in real-time here. Helios & Matheson, the […]

Tim Hortons raises more than $800K for Humboldt with yellow and green doughnut

Tim Hortons says the sale of a doughnut bearing the colours of the Humboldt Broncos has helped raise more than $800,000 for the junior hockey team that was involved in a horrific collision earlier this month. read more >>> Source:: CTVNews.Ca

What consumers need to know about the Wells Fargo settlement

Car and home loan borrowers who are affected by the Wells Fargo settlement can expect to get a refund. read more >>> Source:: CNBC.Com

NUCOR CEO: I’m not worried about the steel market’s biggest fear

Some steel buyers are signing longer-term contracts with steel suppliers amid fears of a looming steel shortage. There will not be a steel supply shortage in the US, according to Nucor CEO Jon Ferriola. Nucor reported earnings Thursday. Watch Nucor trade in real time here. […]

Great-West Lifeco Inc. acquires strategic investment in Irish company

Great-West Lifeco Inc. has signed a deal to acquire a strategic investment in Invesco Ltd. (Ireland), an employee benefit consulting and private wealth management firm. read more >>> Source:: CTVNews.Ca

GM’s relentless focus on profits could mean the automaker pulls out of South Korea sooner than later (GM)

GM has been working to rescue its South Korean unit. The operation there has lost almost $3 billion over the past four years, Bloomberg reported. CEO Mary Barra has exited underperforming markets and won’t hesitate to do the same with GM Korea. If you want […]

A close look at the financial state of MoviePass shows how ‘scary’ it is for investors (HMNY)

MoviePass’ owner, Helios & Matheson Analytics, has been losing an average of $20 million a month since last September, it said in a prospectus filed this week. Erik Gordon, a professor at the University of Michigan’s Ross School of Business, said the fine print in […]

Maple syrup lost after remote operation burns to ground in Cape Breton

Highland Gold Maple Products, which has produced maple syrup from about 8,000 trees in Cape Breton for more than 15 years, says on its Facebook page that the operation was destroyed by fire Wednesday. read more >>> Source:: CTVNews.Ca

Rupee cracks below 66-level in free fall, plunges 32 paise

This is the lowest closing level of the rupee since March 10, 2017, when it had settled at 66.60. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Why new ‘inclusive micro-franchise’ could be significant for start-up businesses

Hundreds of jobs have been created by the new multi-award winning financial model, designed to help entrepeneurs get their businesses off the ground. read more >>> Source:: EuroNews.Com

How much money you have to earn to be considered rich in the biggest city in every state

“Rich” is defined by some Americans as having an average of $2.4 million, according to a Charles Schwab survey. But how much money you need to earn to be considered “rich” by the government’s standards depends on the city you live in. What’s considered rich […]

Mortgage rates hit their highest point since last month in a ‘threatening’ move

Mortgage rates, which loosely follow the 10-year Treasury, hit their highest level since the end of March, breaking out of a tight range where they’d been sitting for weeks. read more >>> Source:: CNBC.Com

Wells Fargo to pay US$1B for mortgage, auto lending abuses

Wells Fargo is being fined a combined US$1 billion by two federal regulators for abuses tied to its mortgage and auto lending businesses. read more >>> Source:: CTVNews.Ca

Pharmaceutical giants are sidestepping US marijuana restrictions to research cannabis-based drugs

Federal policies restricting marijuana research have made it difficult to study marijuana and produce cannabis-based drugs — but that isn’t stopping pharmaceutical companies from doing it. Some are researching and developing drugs made with marijuana compounds in labs just north of the border. Others are […]

Lagarde urges countries to settle trade disputes, cut debt

The head of the International Monetary Fund is urging countries to work out their differences over trade and take advantage of a healthy world economy to reduce debt before the next downturn comes. read more >>> Source:: CTVNews.Ca

Euro marks time before ECB guidance next week; sterling drops

The euro settled above the $1.23 line on Friday and is poised for its smallest week of gains in 10 months. read more >>> Source:: EconomicTimes.IndiaTimes.Com

Indiana State Police to pot smokers: ‘Somebody’s 4/20 celebration is canceled’

An Indiana State Trooper on Monday pulled over an SUV loaded with over 78 pounds of marijuana with an estimated street value of about $250,000. “Somebody’s 4/20 is canceled,” the police tweeted. Medicinal and recreational pot aren’t legal in Indiana. Indiana State police said Monday […]

Here’s how many Americans there are at each age and sex

The US Census Bureau recently released estimates of the 2017 US population by sex and year of age. That demographic data is often represented in a population pyramid. The US population pyramid clearly shows the aging baby boomer generation and the maturing millennial generation. America […]

Kushner Cos. is subpoenaed by the feds following a report the company filed dozens of false documents

The Kushner Cos. confirmed it was subpoenaed by for information related to an Associated Press report that the company filed dozens of false documents about its buildings in New York City. read more >>> Source:: CNBC.Com

The CEO of Barclays is being fined for trying to unmask an anonymous whistleblower

Barclays CEO facing fine from FCA and PRA over his attempts to identify 2016 whistleblower. The FCA and PRA will monitor Barclay’s whistleblowing programme going forward. The decisions bring the regulators’ year-long investigation into the incident to a close. LONDON — UK regulators have decided […]

The 23 major cities with the worst quality of life in the world

Every year consultancy firm releases a ranking of the cities with the highest quality of life in the world. The cities are broadly speaking, large conurbations in the Western world, with a handful in east Asia and Australia. But where are the cities with the […]

Global shares fall back on trade worries, tech outlook

Global shares fell back Friday on worries over trade tensions and tech outlook after a major supplier to Apple forecast continued weak demand for mobile devices. A warning by the head of the IMF over the potential for trade tensions to harm global growth also […]

Asian stocks fall over trade concerns

Asian shares fell back Friday after a major supplier to Apple forecast continued weak demand for mobile devices. A warning by the head of the IMF over the potential for trade tensions to harm global growth also weighed on sentiment. read more >>> Source:: CTVNews.Ca

The CEO of a $67 billion bank is watching these 4 industry drivers to avoid ending up like ‘Blockbuster or Kodak’

Lloyds CEO Antonio Horta Osorio gave a speech on “The Bank of the Future” on Thursday. He said he sees four main drivers over change over the next few years: customer expectations, tech, competition, and regulation. If banks don’t pay attention to these trends, they […]

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