Wednesday, 17 January 2018
Latest news
Home » Economy

Economy

Shoppers line up at 3:30 am looking for Black Friday deals

perth_map

Plenty of shoppers started spending in stores Thursday night, lining up outside stores offering big deals. The research showed as many as 67 per cent of the population feel the mass sale is just a "marketing gimmick". The entire Black Friday weekend could ring up close to $20 billion in sales across all channels, Adobe projected. "JC Penny had over a two hour wait in line so we said forget it", Karen Clayburn, a shopper at Park Meadows Mall said. Read More »

Macy's experiences issues processing credit card payments on Black Friday

perth_map

Customers nationwide took to social media to air complaints about the issue, which led to longer waits and even prompted people to abandon their planned purchases, according to Bloomberg . Ruth Ann Lorenz said she left the register and went to her bank to withdraw cash to buy a pair of shoes. Macy's, like many other retailers; is struggling to compete with online shopping sites like Amazon. Read More »

Marathon Patent Group, Inc

perth_map

What do the trading volumes reveal? A trend analysis is a method of analysis that allows traders to foresee what will come about with a stock in upcoming days. A high degree of volume indicates a lot of interest in a stock. (NASDAQ: RIOT ) shares can stay above the price resistance around $17.62 a share, that could help propel Riot Blockchain , Inc. Read More »

Market Watch: UO Line Over 60 for Ishares Europe Developed (IFEU)

perth_map

The Williams Percent Range or Williams %R is another technical indicator worth taking a look at. Making trading decisions based on one piece of data may not be the optimal course of action. Investors may use various technical indicators to help spot trends and buy/sell signals. Investors may use Price to Book to display how the market portrays the value of a stock. Read More »

United Kingdom households pick up spending in third-quarter

perth_map

The resurgent performance was driven by new auto sales, which had slumped between April and June after people forked out money in the first three months of the year to escape tax changes on high-polluting vehicles. Net trade was shown to have had a negative effect on quarterly GDP growth, down 0.5 percentage points or 0.2 if excluding volatile gold flows. "Despite the modest pick-up in growth and stronger consumer spending, the outlook for the United Kingdom economy now remains challenging". Read More »

Crude Oil At Fresh 2-Year Peak

perth_map

The news caused Nymex West Texas Intermediate (WTI), the U.S. crude benchmark, to climb 1.1% to $58.63 a barrel - its highest level since July 2015. At 0804 GMT, January WTI crude oil is trading $58.61, up $0.05 or +0.09% and February Brent crude oil is at $63.34, up $0.09 or +0.14%. Read More »

Day charges ahead at Australian Open

perth_map

Day is ominously poised after following up an opening 66 with a three-under 68, reeling off four birdies in a row on the back nine in a mixed round which included four bogeys. "It just was a bad day with the flat stick, it happens", said Spieth, who has not competed in seven weeks. "But the more I'm getting them on course the better, and we'll go forward and try and shoot a low round". Read More »

Davidson & Garrard Inc. Raises Holdings in Schlumberger NV (SLB)

Northstar Asset Mngmt Ltd Liability Co has 1.08% invested in Schlumberger Limited. SLB has diverse figures for different time frames; starting from week's performance reduced 0.96% in last five regular trading sessions. will post 1.47 earnings per share for the current year. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited (NYSE:SLB) received a Buy rating from 8 analysts. Read More »

Pinnacle Wealth Management Advisory Group LLC Increases Stake in Wells Fargo & Company

It has underperformed by 7.03% the S&P500. Paradice Investment Management Llc increased Dst Sys Inc Del (DST) stake by 128.11% reported in 2017Q2 SEC filing. Therefore 33% are positive. Micawber Capital LLC raised its holdings in shares of Wells Fargo & Company (NYSE:WFC) by 37.5% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. Read More »

A delve into Institutional Ownership at Nabors Industries Ltd. (NBR)

The stock closed the regular trading session at $5.83 yesterday, compared to the closing price of $5.75 the previous day - a change of 1.39 percent. About shares traded. It dropped, as 89 investors sold QCOM shares while 481 reduced holdings. 47 funds opened positions while 67 raised stakes. Tracing annual dividend record of this company we revealed that its High Dividend Yield is giving attention to Dividend Seeking Investors. Read More »

Jeff Bezos' net worth breaks $100 billion on Black Friday

perth_map

The increase, to $100.3bn, is thanks in part to the clamour for Black Friday deals - Amazon shares have gone up 5% this week alone. Business mogul Jeff Bezos' net worth jumped above $100 billion on Friday amid optimism for Amazon's Black Friday sales. Read More »

Berks County shoppers seek Black Friday deals

perth_map

Speaking to the BBC past year, MoneySavingExpert's deals editor Gary Caffell suggested keeping shopping sites open on more than one device, which might also help you keep your place in the online queues. "We ate pizza", said Lloyd, who was buying a pair of Naturalizer shoes at 40 percent off and said she planned to buy three more pairs. "We had our dinner, said 'You know, let's go down and see if we can't get in, '" Mike Allerdice, of Allenstown, said. Read More »

Amazon faces strikes at its distribution centers on Black Friday

perth_map

Workers have also decided not to do any overtime until December 31, during the peak season for the online retailer which hires temporary workers during this period. Piazcenza is Amazon's main Italian hub, employing 4,000 people. Reuters reports that more than 500 workers at a facility in northern Italy announced plans to strike after they couldn't come to an agreement with Amazon over bonuses. Read More »

William Hill confirms tie-up talks between CrownBet and Australian arm

perth_map

The development comes after United Kingdom betting shop operator William Hill confirmed that it is in " very preliminary discussions " about combining its Australian business with CrownBet , which is 62% owned by Crown Resorts. "There is no certainty that these preliminary discussions will lead to any transaction". The British gambling giant revealed a 6% increase in over the 17-week period to October 24th, and a 3% growth generated by its United Kingdom retail stores. Read More »

CBS Reaches Deal With Dish Network

perth_map

The deal comes after nearly three days of no CBS programming on Dish , including the NFL game on Thanksgiving Day, though it will allow football fans to watch SEC college games Friday and Saturday and an NFL doubleheader on Sunday. Dish said early Friday that the CBS channels were being restored to its customers. The deal will end the CBS blackout for more than 2 million Dish customers across the country, including in major markets like New York, Los Angeles, Chicago and San Francisco. Read More »

Mahindra to supply electric cars to Uber to deploy in India

perth_map

Mahindra Electric is also offering fast charging services to enhance the EV experience for Zoomcar's customers, with fast charging compatible vehicles. Tata Motors emerged as the lowest bidder for the contract and would be able to supply 70% of the tender size. The move by Uber and Ola will provide a significant boost to the government's push for widespread adoption of electric vehicles in the country and should positively affect its decision to go all-electric by 2030. Read More »

Quarterly Loser: Newell Brands Inc. (NWL) stock performed -41.43%

Bellwether Investment Group LLC grew its position in shares of Newell Brands by 2.0% in the second quarter. In other news, CEO Michael B. Polk purchased 5,000 shares of the company's stock in a transaction on Wednesday, September 13th. Its down 0.17, from 1.11 in 2017Q1. Newell Brands's payout ratio is 35.52%. Several other research analysts have also commented on the stock. The insider now holds 63,710 shares of Newell Brands Inc . Read More »

Steam Black Friday 2017 Sales - Best Games on PC Get Massive Discounts

perth_map

The torrent of cheap games is in full force, with Steam joining the Black Friday shopping madness alongside GOG and various retailers . As is typical with big Steam sales these days, you don't have to worry about anything too complicated-there are no daily deals or eight-hour flash deals to keep an eye on. Read More »

Locals buck Black Friday traditions in favor of Thanksgiving shopping

perth_map

However, shoppers in the greater Utica region are largely using the late night deals to purchase gifts for others. "I have to be the first one for the deals", she said. "As Americans increasingly shop on their computers, tablets and phones, many say retail stores and shopping malls are no longer the post-turkey destinations they once were". Read More »

S&P retains India's rating at BBB- with stable outlook

perth_map

The agency has now changed India's outlook to stable from positive. In a statement S&P said: "The ratings on India reflect the country's strong GDP growth, sound external profile, and improving monetary credibility". Expectations that the other two worldwide ratings agencies - S&P and Fitch - could also better India's sovereign rating sooner than later has been gaining steam after a surprise upgrade by Moody's last week. Read More »

France Private Sector Growth At 78-Month High

perth_map

Their PMI climbed to 60.0 from 58.5, the second-highest reading since the index was first collected in June 1997 and only surpassed in April 2000. It was an 81 month high. The services PMI rose to a six-month high of, compared to expectations for 55.1, from 55.0 a month earlier. "The PMI is so far running at a level signaling a 0.8% increase in GDP in the final quarter of 2017, which would round-off the best year for a decade". Read More »

Analysts Expect Oracle Corporation (ORCL) Will Announce Earnings of $0.68 Per Share

It has underperformed by 2.62% the S&P500. Its stake was worth $97,772,000 a decrease of $3,013,000 according to the filing. The option since executed brings Daley ownership to 36954 shares. It also increased its holding in Fleetcor Technologies (NYSE:FLT) by 2,310 shares in the quarter, for a total of 100,062 shares, and has risen its stake in Tractor Supply Company (NASDAQ:TSCO). Read More »

By-election to RK Nagar, four other Assembly seats on Dec 21

perth_map

The announcement comes a day after the Election Commission gave the AIADMK's iconic "two leaves" symbol to the unified faction led by Tamil Nadu Chief Minister Edappadi K Palaniswami and Deputy Chief Minister O Panneerselvam. Elections for the five state assembly constituencies will be conducted on December 21 and counting of votes will be on December 24. The united AIADMK - the Palaniswami-Panneerselvam combine - will field Madhusudhanan. Read More »

Stores offering Black Friday deals a day early

perth_map

The most surprising item managers told FOX6, is how many large televisions are going out the door. Black Friday is the most popular day of the year for online deals with total sales this year expected to break consumer spending records. The rush of traffic of hardcore shoppers rising in pre-dawn darkness to stand in line for a 3 a.m. store opening is nearly a long-ago memory. Herberger's stores will be open through 11 p.m. Read More »

Singapore Q3 GDP growth revised sharply up to 8.8pc

perth_map

Looking ahead, MTI projected growth next year in a range of 1.5% to 3.5% due to stronger expansion in the US and several emerging economies partly offset by slower growth in China and the Eurozone. Meanwhile, construction contracted by 7.6% on-year, extending the second- quarter's on-year decline of 9.1% due to weakness in both private and public sector construction activities. Read More »

Havmor to sell ice cream business to Lotte for RS 1020 crore

perth_map

This opens the 1.3-billion-consumers-strong Indian ice cream market for the South Korea-based Lotte. Lotte Confectionery chose to acquire 100 per cent of the shares of HIL, one of the largest ice cream brands in India, at the recent meeting of its board of directors. Read More »