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Market News

Location American Market News for 13 July 2017

Intel: Lonely At The Top

Wall Street Journal - 13 Jul 2017 14:06
Intel's dominance in key chip makers has created a unique vulnerability. As challengers emerge in PCs and servers, Intel seems to have nowhere to go but down.
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Gold prices rise after Janet Yellen hints at only gradual tightening Gold prices rise after US Federal Reserve chairman Janet Yellen says the central bank will only gradually tighten its monetary policy
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Refining firms may see sequentially lower margins in June quarter Indian refining firms' refining margins are expected to decline compared to the March quarter
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London's Latest Ploy to Attract World's Biggest IPO

Wall Street Journal - 13 Jul 2017 19:06
U.K. authorities are proposing a special stock market listing category that appears tailor-made for super giant state-owned Saudi Aramco.
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Jefferies research expects a bump in Activision earnings after the sale of $20 million teams to leading sports figures.
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You Can't Build a Low-Cost Airline Without Low Costs

Wall Street Journal - 13 Jul 2017 18:38
Norwegian Air wants to upend the market for travel between the U.S. and Europe. But rapid expansion has come at a cost.
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Subprime Auto Loans Up, Car Sales Down: Why This Could Be Good For Gold Given that the auto sector is a massive part of the economy, this could be an early warning sign of a slowing economy. That, in turn, would be good for the gold price.
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Earnings Preview: What To Expect From Wells Fargo On Friday Wells Fargo is expected to report $1.02/share on $22.35 billion in revenue. Meanwhile, the so-called Whisper number is $1.05.
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Earnings Preview: What To Expect From JP Morgan Chase On Friday JPMorgan Chase is expected to report $1.57/share on $25.02 billion in revenue. Meanwhile, the so-called Whisper number is $1.65.
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Sebi orders Goldmine Agro, directors to refund investors Sebi has asked Goldmine Agro and its directors to refund investors' money that it had raised illegally by issuing non-convertible debentures (NCDs)
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One billion tonnes of iron ore headed for China this year Iron ore shipments to China in June were 94.7 million tonnes, up from 91.5 million tonnes in May
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We're seeing large huge investor interest worldwide in the India story: Abrar Mir The managing partner of Quadria Capital on how Indian drug makers, whose business models have been under pressure , can move to the next level
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Baskin-Robbins recently announced that it is expanding its home delivery service to more than 600 locations in 22 U.S. cities via a partnership with Door Dash. As an increasing number of customers utilize delivery servic...
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Top Line Growth, And Productivity Improvement Initiatives To BoostCSX CSX is scheduled to report earnings on July 18. In this note we discuss what to watch for in the company's earnings release.
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How Messenger Ads Will Help Facebook

Forbes - 13 Jul 2017 23:03
Recently, Facebook announced that it is rolling out ads on its Messenger app globally. After a promising test run in Australia and Thailand, the company is confident that its 1.2 billion strong Messenger user base can at...
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Trump's Policies Are Provoking A Global Trade War, Here's How To Hedge Your Portfolio Removing barriers to international trade has both upside and downside. Donald Trump is now president in part because he focused on the downside: lost US jobs, closed factories, blighted communities.
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Delta profit drops 20.8%

CNBC - 13 Jul 2017 15:16
Delta Air Lines reported a 20.8 percent fall in quarterly profit as operating expenses swelled.
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Reliance Capital gets Rs378 crore as Nippon Life hikes stake in joint venture Reliance Capital received Rs378 crore from Nippon Life Insurance, increasing Nippon Life's stake in Reliance Nippon Life Asset Management to 49%
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UK paves way for Saudi Aramco IPO's listing on London Stock Exchange UK market regulator may change listing rules for state-run firms, as London Stock Exchange woos Saudi Aramco which is planning what could be the world's largest IPO
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Target on Thursday guided its quarterly earnings forecast higher, citing better traffic in stores.
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U.K. Regulator Proposes New Premium Listing Category As Saudi Aramco Looks To IPO The U.K.'s financial regulator, the Financial Conduct Authority (FCA) has announced proposed changes in premium listing on the London Stock Exchange, four years after corporate governance scandals focused attention on th...
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Tesla Stock: Don't Bet on Tesla Heavy-Duty Semi Truck Just Yet

Profit Confidential - 13 Jul 2017 14:10
Tesla Stock: Don't Bet on Tesla Heavy-Duty Semi Truck Just Yet Is It the Right Time for the Tesla Pickup Truck? Tesla is probably the most polarizing--and exciting, depending on who you ask--company in the world today. Rarely does a day pass without the company grabbing a headline o...
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