Market News
Retail Sales: It Isn't the Weather This Time
Wall Street Journal - 13 Apr 2017 19:33
Weak consumer spending growth can be blamed on slower auto sales and higher savings, but could weigh on the economy.
Narendra Modi's record infrastructure spending seen boosting loan volumes
livemint.com - 13 Apr 2017 06:47
An upturn in borrowing as Narendra Modi builds and improves infrastructure could boost rupee loan volumes to the most since the year ended March 2011
The Coming Profit Squeeze
Wall Street Journal - 13 Apr 2017 16:48
Rising costs and weak profit growth at home will leave some companies with shrinking margins, which could further slow growth.
US stocks fall as investors weigh geopolitical tensions, bank results
livemint.com - 13 Apr 2017 23:50PZ Cussons Rises After Solid Trading Update. But Are The Bulls Being Premature?
Forbes - 13 Apr 2017 23:19
The Imperial Leather manufacturer has moved to new multi-month highs after fresh trading details. So what next?
Market roundup | Developed economies to lead global trade recovery
livemint.com - 13 Apr 2017 23:02
Developed economies' export to double from 2016 levels, says WTO. In other news, analysts around the world have been upgrading their corporate profit forecasts for 2017
The tale of two cores in retail inflation
livemint.com - 13 Apr 2017 22:50
Stripping the core inflation of more fuel components embedded in the transportation index of services group shows that core inflation has eased to 4.3% in March
Why McDonald's Is Looking To Track Customer Data
Forbes - 13 Apr 2017 21:46
McDonald's is planning to use technology to make its interactions with customers more personalized, in a bid to develop a competitive edge over its competitors. By the end of this year, the company's mobile ordering syst...
Putting BlackBerry's $815 Million Arbitration Award Into Perspective
Forbes - 13 Apr 2017 21:38
Qualcomm has been ordered to pay BlackBerry roughly $815 million by an arbitration panel, relating to royalties that the erstwhile smartphone behemoth overpaid to Qualcomm between 2010 and 2015 to license technologies fo...
PNC shares gain on standout earnings report
CNBC - 13 Apr 2017 19:38
PNC's stock jumped after the bank reported earnings and revenue that beat Wall Street's expectations.
US Buyers Line Up For Italy's First Sizable Property-Backed NPL Auction
Forbes - 13 Apr 2017 19:22
Grand Hotel Villa Igiea is part of Italy's first large non-performing loan (NPL) sale backed by real estate; Banco BPM's 722 million euro Project Rainbow.
Applied Optoelectronics Positive Pre-Announcement Makes Optics Component Sector Even Cheaper
Forbes - 13 Apr 2017 18:43
Optical component sector short thesis was mostly built on lies and innuendo
Verint's Profits Don't Justify Its High Valuation
Forbes - 13 Apr 2017 18:25
This firm has seen seen margins contract as early success brought more competition. To try and offset competitors taking market share, the firm made numerous shareholder value-destroying acquisitions. Now the stock is pr...
Wells Fargo Earnings Show The Scandal-Plagued Bank Still Has A Long Way To Go
Forbes - 13 Apr 2017 18:03
Wells Fargo released first quarter fiscal 2017 earnings results Thursday that showed credit card applications and checking account openings are down meaningfully compared to 2016 -- proving the bank still has a long way ...
Passive Investing Will End In Pain For Many Investors
Forbes - 13 Apr 2017 17:27
Active management has had its collective head beaten bloody for the past few years. But I think the rush into passive investment is going to end up painfully, at the bottom of a cliff, for many investors.
Indian Oil shares rise over 3%
livemint.com - 13 Apr 2017 17:04
The Indian Oil shares rose after a decision that state-owned firms will have price revision on daily basis in select cities from next month
Gold prices rule steady
livemint.com - 13 Apr 2017 16:57
Standard gold prices closed at Rs29,145 per 10 grams
Wells Fargo shares slide 2% after earnings come in mixed
CNBC - 13 Apr 2017 16:42
The bank's shares were down more than 2 percent in premarket trading following the bank's announcement.
Citigroup's Profits Climb 17% As Bond Trading Picks Up
Forbes - 13 Apr 2017 16:38
The bank topped Wall Street expectations in its first quarter.
Warren Buffett's Berkshire Hathaway selling some of its Wells Fargo shares
livemint.com - 13 Apr 2017 16:09
Warren Buffett's Berkshire Hathaway is selling 9 million shares to keep its stake in the Wells Fargo below 10% to avoid additional Federal Reserve regulations
Citi earnings beat, profit jumps 17% on jump in bond trading
CNBC - 13 Apr 2017 15:51
Citigroup reported first-quarter earnings Thursday that beat on both the top and bottom line.
JPMorgan Chase posts stellar first quarter amid strong loan growth and trading revenue
CNBC - 13 Apr 2017 15:26
JPMorgan Chase reported first-quarter earnings on Thursday. Here's how the company fared against analysts' expectations.