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Market News

Location American Market News for 7 July 2017

Why GE's Stock Has Underperformed In 2017

Forbes - 7 Jul 2017 23:48
Why GE's Stock Has Underperformed In 2017 General Electric's (NYSE: GE) stock has declined nearly 10% since the start of the year, significantly underperforming compared to the broader market. Goldman Sachs also downgraded GE recently, stating that the company m...
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New technologies are impacting consumer companies in several ways. From improving the customer experience by bringing in convenience and personalization, to streamlining the production and employee training processes, ne...
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Team Cannabis' Latest Recruits Are Greece, Canadian AIDS Research, And Pets As ever more of the world warms up for cannabis legalization, life on the sidelines can at least provide a good view of the game--and this week, news broke that a diverse group of players has entered the field.
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Why Alibaba's Stock Has Surged This Year; Price Estimate Revised To $118 Alibaba has been one of the fastest growing large-cap stocks over the last few months. Alibaba's stock has surged from less than $90 at the beginning of the year to $145 currently - with its market cap growing from aroun...
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Tesla's Skid Is Coming at the Worst Time

Wall Street Journal - 7 Jul 2017 21:34
The recent slide in Tesla's share price and looming cash needs for the Model 3 sedan present a challenge for Elon Musk.
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Samsung Electronics just published its Q2'17 earnings guidance, projecting record operating profits of around 14 trillion won ($12.1 billion), marking an increase of about 72% year-over-year. The company also estimates t...
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RBI allows foreign investors to buy up to 74% in Fortis Healthcare RBI has allowed foreign investors to buy more shares in Fortis Healthcare as the company's board has hiked their investment limit to 74%
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Markets Not Ready for Jump in Jobs

Wall Street Journal - 7 Jul 2017 20:51
The June employment report was good news for American workers. For investors, the message is mixed.
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After IPO, CDSL surges 122.25% from issue price

livemint.com - 7 Jul 2017 20:37
After IPO, CDSL surges 122.25% from issue price During the week, CDSL's market value rose by Rs726.80 crore to Rs3460.52 crore, from Rs2733.72 crore on the day of listing
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Elliott Doubles Down on Akzo Nobel---And Noisy Activism

Wall Street Journal - 7 Jul 2017 18:57
Hedge fund giant Elliott upped its stake in paint giant Akzo Nobel to more than $2 billion, while aggressively going after the company's chairman. Patience might be a better path.
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Janet Yellen Just Gave Banks A Secret Hint To Pay Out $100 Billion In Dividends In an ideal world, we wouldn't have to worry about unstable banks. We wouldn't have to deconstruct central bankers' statements. We might not even have central banks.
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These 7% Dividends Just Got The Ultimate Something strange happened recently, and it's set up a terrific--and almost totally overlooked--profit opportunity for you.
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Reliance shares rise over 3%, market valuation up by Rs16,104 crore Shares of Reliance Industries surge over 3% to hit a nine-year high, adding Rs16,104 crore to the company's market valuation
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The World's Most Profitable Tech Company? Not Apple

Wall Street Journal - 7 Jul 2017 14:59
The South Korean tech giant has surpassed Apple in profitability, but needs its U.S. peer's fortunes to stay healthy.
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Tata should take a leaf out of SoftBank's book while negotiating with Airtel The Tatas should propose a sizeable investment in Airtel, just as SoftBank has reportedly done with Flipkart, and in the process it can still have skin in the game as far as telecom goes
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Gold prices jump Rs220, silver weakens further

livemint.com - 7 Jul 2017 14:06
Gold prices jump Rs220, silver weakens further In Delhi, gold of 99.9% and 99.5% purity rebounded by Rs220 each to Rs 29,150 and Rs 29,000 per ten gram
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What Separates Microsoft Stock from Apple Stock

Profit Confidential - 7 Jul 2017 14:00
What Separates Microsoft Stock from Apple Stock Mossberg Gives a Window into MSFT Stock A man called Walt Mossberg retired this year. Don't worry if that name means nothing to you, because Mossberg isn't a household name. He is, or rather was, one of the best technolo...
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Global gold prices edge down, set for biggest weekly drop in two months Spot gold prices edged 0.2% lower to $1,221.76 per ounce at 12.36pm
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Bank credit contracts in April-May in worst performance in last five years Bank credit growth is usually tepid in the first few months of the fiscal year, as the economy recovers from accelerated spending at the end of the previous fiscal year
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Markets Live: Sensex, Nifty trade lower, pharma stocks rise BSE Sensex fell on Friday, while the Nifty traded above 9,600 points. Here are the latest updates and developments from the markets
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Red flags emerge for India's bond market as farmer bailouts rise Investors are concerned that waiving billions of dollars in farm loans will worsen already strained states' finances
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Rupee strengthens marginally against US dollar

livemint.com - 7 Jul 2017 07:49
Rupee strengthens marginally against US dollar At 9.15am, the rupee was trading at 64.75 a dollar, up 0.05% from its Thursday's close of 64.78.
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