Money

Chinese online giant Tencent posts 61% rise in net profit

Chinese online giant Tencent posts 61% rise in net profit

Tencent reported net revenue of 73.5 billion yuan (about US$11.6 billion) and a net profit of 23.3 billion yuan (almost US$3.7 billion). SHARES of Tencent Holdings opened up 7 per cent in Hong Kon...

by · Money
Trump Defends 'Animals' Remark, Saying It Referred to MS-13 Gang Members

Trump Defends 'Animals' Remark, Saying It Referred to MS-13 Gang Members

These aren't people. These are animals. "We can eliminate MS-13 and root out the criminal cartels from our country", Trump said. "And then to think about collective action we could take to mitigate ...

by · Money
Senate Approves Overturning FCC's Net Neutrality Repeal

Senate Approves Overturning FCC's Net Neutrality Repeal

Last December, the Federal Communications Commission voted 3-2 to repeal the net neutrality regulations. The FCC had said that the net neutrality protection will end on 11 June . Senate Dem...

by · Money
Anwar Ibrahim declares 'new dawn for Malaysia' after release

Anwar Ibrahim declares 'new dawn for Malaysia' after release

Anwar Ibrahim's royal pardon paves the way for a return to politics for the former opposition leader who was jailed three years ago for alleged sodomy. "Although the pardon is the sole product of the ...

by · Money
Senate to vote on repealing net neutrality rule changes

Senate to vote on repealing net neutrality rule changes

Supporters of the FCC repeal believe the new "light touch" rules set to take effect next month offer more choice for consumers, allowing them to pay for more tailored internet packages to meet their...

by · Money
American clothing brand Gap 'terribly sorry' over China map shirt omitting Taiwan

American clothing brand Gap 'terribly sorry' over China map shirt omitting Taiwan

The U.S. clothing retailer Gap apologized Tuesday for selling T-shirts with what it says is an incorrect map of China that didn't include self-ruled Taiwan , in the latest example of corporate kowtow...

by · Money
Buys Shares of 899 Nvidia (NVDA)

Buys Shares of 899 Nvidia (NVDA)

Federated Inc Pa reported 0.03% of its portfolio in NVIDIA Corporation ( NASDAQ : NVDA ). Gradient Invests Lc invested in 0% or 192 shares. Vanguard Gp, Pennsylvania-based fund reported 41.10 millio...

by · Money
Market Now: Smallcaps outperform Sensex; GVK Power among top gainers

Market Now: Smallcaps outperform Sensex; GVK Power among top gainers

ICICI Bank had on Monday reported that its net profit for January-March nearly halved to Rs 1,020 crore. The 30-share benchmark, which had advanced over 200 points in early session on Tuesday, sett...

by · Money
Nestle is pouring billions for rights to sell Starbucks worldwid

Nestle is pouring billions for rights to sell Starbucks worldwid

Their JAB Holding Co. has spent more than $30 billion building a coffee empire by acquiring assets such as Peet's Coffee and combining with Mondelez International Inc.'s coffee business. The new dea...

by · Money

Weekly National Grid plc (LON:NG) Ratings as of May 6, 2018

The stock of Stagecoach Group plc (LON:SGC) has "Neutral" rating given on Thursday, December 7 by JP Morgan. The stock of Fenner PLC (LON:FENR) has "Neutral" rating given on Thursday, November 16 by J...

by · Money
French minister warns Air France

French minister warns Air France

The survival of strike-hit Air France is to be decided, as indicated by the nation's economy serve. Air France-KLM (OTCMKTS:AFLYY) last released its earnings results on Friday, February 16th. The fi...

by · Money
Apple should buy back shares: Warren Buffett

Apple should buy back shares: Warren Buffett

Last week, the so-called "Oracle of Omaha " argued that investing in bitcoin is a gamble, not an investment. Dismissing concerns that the trade tensions between China and the U.S. Berkshire fir...

by · Money
Sonam dances, shares lovely moment with Anand at Mehendi, parents enjoy too

Sonam dances, shares lovely moment with Anand at Mehendi, parents enjoy too

We can also see Sonam's chachu , Sanjay Kapoor and his family in the same frame with Karan Johar. Sonam Kapoor and Anand Ahuja . Well, according to reports, it was the popular fashion stylist Pe...

by · Money
Buffett says world depends on US, China for growth

Buffett says world depends on US, China for growth

But with the latest stake purchase, it has grown to a massive 240.3 million shares worth $42.5 billion. In an interview with CNBC on Monday, Buffett said his company, Berkshire Hathaway , had bou...

by · Money
Trainer Lukas savoring first Kentucky Derby berth since 2015

Trainer Lukas savoring first Kentucky Derby berth since 2015

But this reader apparently believed "If it's in the Gazette, it must be true". The Scat Daddy colt already has a victory in America to his name, albeit on turf at last year's Breeders' Cup meeting, ...

by · Money
Flipkart board clears 75% stake sale deal with Walmart for $15 billion

Flipkart board clears 75% stake sale deal with Walmart for $15 billion

The deal offered by the Jeff Bezos-run company proposed to merge Flipkart entirely with its Indian arm and sought a non-compete agreement with Flipkart's founders for 1-2 years. Walmart has been tr...

by · Money
BP Shares, Boosted by Higher Oil Prices, Hit Eight-Year High

BP Shares, Boosted by Higher Oil Prices, Hit Eight-Year High

Shareholders react positively to the highest profit in years even as the continuing burden of oil-spill payments push debt higher. BP reported in a statement this morning that its underlying repla...

by · Money
Marathon Petroleum's $23B deal for rival will create nation's biggest refiner

Marathon Petroleum's $23B deal for rival will create nation's biggest refiner

The stock decreased 2.51% or $0.34 during the last trading session, reaching $13.18. It has underperformed by 22.23% the S&P500. Marathon Oil Corp. The firm earned $1.23 billion during the quarter, ...

by · Money

Just Group plc (JUST) Given Average Recommendation of "Buy" by Brokerages

Finally, Deutsche Bank increased their price objective on shares of Ashtead Group from GBX 1,800 ($25.44) to GBX 1,930 ($27.28) and gave the stock a "hold" rating in a research report on Monday, Febru...

by · Money
The Fed's preferred inflation measure nears its 2% target

The Fed's preferred inflation measure nears its 2% target

Consumer spending , meanwhile, rose for the first time in three months. In late NY trading on Monday, the euro was down to $1.2081 from $1.2123 in the previous session, and the British pound decrea...

by · Money
A sunny afternoon in the QC

A sunny afternoon in the QC

Sunday: Partly cloudy, warm and windy. Highs will return to the mid 70s on Saturday with mostly sunny to partly cloudy skies. Tuesday: Partly sunny skies. Southwest wind 10 to 15 miles per ho...

by · Money
Deutsche Bank (DB) Stock Rating Upgraded by Zacks Investment Research

Deutsche Bank (DB) Stock Rating Upgraded by Zacks Investment Research

Germany's biggest bank said net profit fell by 79% to €120 million ($146 million) in the first quarter of the year. Underscoring the issues at the investment bank, trading revenue in the first quart...

by · Money
Subway expected to move, close hundreds of locations

Subway expected to move, close hundreds of locations

Quite the contrary. While Subway will close restaurants in the USA they plan to open 1,000 new restaurants overseas. 2016 also saw store closings, Bloomberg reported. Subway sales dropped 4.4 percen...

by · Money

Ford Motor Company (F) Announces It's Dropping Sedans In Major Product Shift

For starters, it means Ford's Fiesta , Fusion and Taurus are out, with the Mustang and 2019 Focus Active the lone survivors. The 9% increase in quarterly profit can be nearly entirely attribute...

by · Money
Rapper Meek Mill celebrates prison release with visit to National Basketball Association play-off

Rapper Meek Mill celebrates prison release with visit to National Basketball Association play-off

This will mark Meek's first interview since the Pennsylvania Supreme Court ordered his release from a state prison. He was picked up by Philadelphia 76ers owner, Micheal Rubin and flown by helicopte...

by · Money
Sky's dramatic takeover battle escalates with new Comcast bid

Sky's dramatic takeover battle escalates with new Comcast bid

As a result of the higher offer, Sky said that it has withdrawn its recommendation to its shareholders of the 21st Century Fox bid, and is terminating its Co-operation Agreement with 21st Century ...

by · Money
Ten year treasury yield close to exceeding 3%

Ten year treasury yield close to exceeding 3%

The bond market is facing a lot of scrutiny. This week the gap between US and German 10-year government bond yields has hit its widest in 29 years and the US-Japanese 10-year yield spread re...

by · Money
Peter Madsen sentenced to life for murdering journalist Kim Wall

Peter Madsen sentenced to life for murdering journalist Kim Wall

The journalist was last seen on August 10 as she boarded the 40-ton submarine Madsen had built himself. The judge and two lay judges, who must decide on the verdict, watched as the prosecution showe...

by · Money
Shire, Takeda Reach Breakthrough In $64 Billion Deal Talks

Shire, Takeda Reach Breakthrough In $64 Billion Deal Talks

However, that deadline can be moved back at the request of the FTSE 100 drugmaker and Takeda had said on Friday it hoped negotiations with Shire would lead to an extension. But he said Shire ...

by · Money
Mets remove the struggling Matt Harvey from rotation

Mets remove the struggling Matt Harvey from rotation

There's a good chance that he'll eventually get another opportunity to start, and if his results start to match his peripherals, he could have a solid season. In 26 innings over four starts, he's allo...

by · Money