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Bank warns of 'moderate' growth as it keeps interest rates at 0.25%

Rising inflation and poor income growth were cited as the main reasons for consumers feeling the squeeze; reflected in disappointing retail sales data and a surprisingly steep drop in new vehicle sales. It raised its growth forecast for 2018 to 1.7% up from 1.6% in February. It said consumers were being squeezed between sluggish income growth and rising inflation, and that could be seen in weak retail sales and a sharp fall in new auto registrations in April. Read More »

Russia, Saudi Arabia back extension of oil output cuts

Energy ministers from the two countries said supply cuts should be extended for nine months, until March 2018. Oil halted gains near $48/bbl after US rigs targeting crude rose a 17th week, countering a report that OPEC and other major producers reached an initial agreement to extend output cuts. Read More »

Xiaomi bets big on Mi Homes for larger offline play

The Redmi 4 runs on Android Marshmallow and the GUI is based on MIUI 8. However, the news regarding Redmi 4 Prime launch is not sure yet. Th rear camera supports 5-element lens, ƒ/2.2 aperture, Single LED flash, Low light enhancement, HDR, Panorama, Burst mode, Face recognition, and Real-time filters. Read More »

Elliott wants a review of BHP petroleum

The fund owned 4,669 shares of the mining company's stock after buying an additional 519 shares during the period. BHP said it would review the proposals and dismissed claims that it wasn't open to suggestions. BHP Billiton Limited has a one year low of $25.75 and a one year high of $41.79. If you are accessing this piece of content on another domain, it was copied illegally and reposted in violation of U.S. Read More »

'I blew it': Warren Buffett laments missing out on Google

Listening to chief executive officer Warren Buffett never gets old for the thousands of Berkshire Hathaway Inc shareholders who filled an arena on Saturday to listen to the billionaire investor at the company's annual meeting. "Change is painful for a lot of people", he said. "Bonds are a awful choice against stocks", he said. At the meeting, Buffett disclosed that, as Kraft Heinz worked on its now-dead takeover bid for the consumer products giant Unilever, Berkshire was prepared to invest ... Read More »

Oil trades near five-month lows despite Saudi assurances on cuts

In agreement made past year, OPEC, Russia and other producers announced goals to curb production by 1.8 million barrels per day (bpd) for six months from January 1. Oil prices stabilized in Asian trading Friday after hitting a five-month low while regional stock benchmarks headed lower in holiday-thinned trading. Read More »

UK Labour leader accuses Theresa May of 'pandering' to Trump

As Nigel Farage has said, Theresa May is now using the exact words and phrases he has been using for the last 20 years. Mr Corbyn condemned Mr Trump's USA administration for "recklessly" endangering global security through interventions in North Korea and Syria while opposing President Barack Obama's nuclear deal with Iran. Read More »

Snap Plunges on First Earnings Report as Public Company

In its first quarterly earning report after going public in March, the company saw growth slipping to its lowest in the past two years, reporting 166 million users at a growth rate of a mere 5 per cent. You could use it with just one other person, if you wanted. Stories is a valuable feature for Snapchat because it lets brands buy and place ads in between posts within someone's daily story. Read More »

SoftBank marks $1.4-billion loss


Snapdeal , which owns FreeCharge, is itself being sold to rival Flipkart in a deal brokered by its largest shareholder SoftBank, in a stock transaction, now pegged at $750 million. There has never been a better time for SoftBank - the orchestrator of the merger - to push through with the deal. However, SoftBank said that there was no impact of the loss on the company's consolidated financial results in 2016-17. Read More »

Judge approves emissions-cheating settlement for 3-liter VWs


Under the VW settlement that must be approved by a US judge, owners of 3.0 liter vehicles who opt for fixes will get compensation of between $7,000 and $16,000 from Volkswagen if emissions fixes are approved in a timely fashion. Breyer is also considering whether to grant final approval to the German auto supplier's separate agreement to pay $327.5 million to US diesel VW owners for its alleged role in developing the engines. Read More »

Tribune Media Co (NYSE:TRCO) Broker Price Targets For The Coming Week


The stock exchanged hands with 7.72 million shares contrast to its average daily volume of 2.49 million shares. Tribune Media Company (TRCO) has the market capitalization of $3.63 Billion. Investors of record on Monday, May 22nd will be given a dividend of $0.25 per share. Zacks Investment Research raised Tribune Media from a "strong sell" rating to a "hold" rating in a research note on Wednesday, January 11th. Read More »

Engineer charged in deadly Amtrak crash

Criminal charges have been filed against the engineer of the Amtrak train that crashed May 12, 2015 killing eight passengers. At the time the train derailed in Philadelphia, according to the findings of the National Transportation Safety Board, it was going 106 miles per hour on a curve with a posted speed limit of 50 miles per hour. Read More »

Kohl's Corporation (KSS) Ekes Out Q1 Profit, Lower Inventories


Buy rating has been given by 1 analysts to the company stock whereas no analyst given UNDERPERFORM rating to stock and 4 analysts given HOLD rating. The company reported its EPS on 02/23/2017. The ATR (Average True Range) value is 1.13. This is an increase of approximately 500% compared to the typical volume of 236 call options. However it has a net margin of 3.00%. Read More »

Who are Ukraine's Eurovision 2017 presenters?


The Eurovision Song Contest started with just seven participating countries in 1956 and so far almost 1,500 songs have taken part. Eight countries missed out on a final place. "And this year maybe they've got more to talk about". I just hope people connect with the song on the night. He's got the most Eurovision experience of the three, which completely explains why he's been relegated to the position of Green Room host for the live broadcasts. Read More »

Hertz tanks 15% after missing big on earnings

Investors and Traders continue to monitor technical levels of shares of Hertz Global Holdings, Inc. ( HTZ ) has the trading volume of 2.82 Million shares with the average trading volume of 3170 shares. The company presently has a consensus rating of "Hold" and an average target price of $34.38. EPS breaks down the profitability of the company on a single share basis. Read More »

Markets end flat in cautious trade, Nifty holds 9300

Equities ended flat in thin trade today, with benchmark Sensex finishing below the 30,000-mark amid mixed global cues. "IT sector stocks extended previous session's gains, along with aviation sector stocks, on strong buying support", Desai told IANS. Read More »

No indication of leak at U.S. nuclear plant

There were no workers inside the tunnel when it collapsed. No spent nuclear fuel is stored in the tunnel, and no further evacuations have been ordered for workers, nor have any warnings for civilians around the site been issued, she said. Read More »

Tunnel with nuclear waste collapses in Washington state

Many other workers in central Hanford have been told to take shelter indoors as a precaution, including about 1,000 workers at the vitrification plant construction site. The anti-nuclear group Beyond Nuclear said the incident helped show "radioactive waste management is out of control". An emergency has been declared May 9, 2017 , at the Hanford Nuclear Reservation . Read More »

States seek more forces, chopper support in Maoist areas


The Home Minister also asked for implementation of the new doctrine "SAMADHAN" for use in security operations: S - Smart Leadership, A - Aggressive Strategy, M - Motivation and Training, A - Actionable Intelligence, D - Dashboard-based KPIs (Key Performance Indicators) and KRAs (Key Result Areas), H - Harnessing Technology, A - Action Plan for each threat and N - No access to financing. Read More »