- Business/Stock Markets
- 2019-07-18 17:57:36Z
PriceSmart's (PSMT) sound fundamentals, healthy renewal rates, constant-currency sales, focus on omni-channel platform and strong balance sheet fortify its position.
Democratic presidential candidate Kamala Harris made a familiar promise Wednesday about Medicare for All, assuring voters that "you can keep your doctor" under her plan."People think, 'Well, maybe is this going to mean that I need to, that I'll have to worry about not being able to see my doctor,'" the California senator said on Jimmy Kimmel Live. "Ninety-one percent of the doctors in America are in Medicare. And those that are not are mostly pediatricians, the 9 percent. And you know why they're not in Medicare because Medicare doesn't cover children. But when we have 'Medicare for All' that will not be any longer the case, which means that the vast majority of...
Trading Signals based on the behaviour of whales could help traders plan their next market move.
SAO PAULO/RIO DE JANEIRO (Reuters) - Two Iranian vessels have been stranded for weeks at Brazilian ports, unable to head back to Iran due to lack of fuel, which state-run oil firm Petrobras refuses to sell them due to sanctions imposed by the United States. The vessels Bavand and Termeh came to Brazil a couple months ago carrying urea, a petrochemical product used as fertiliser. Food is not covered by U.S. sanctions, and Iran is one of the largest buyers of Brazil's agricultural commodities, importing more than 2.5 million tonnes of Brazilian corn so far this year - more than any other country.
Police arrested a 15-year-old boy for spitting in an Arizona Tea bottle and putting it back on the shelf at an Odessa Albertsons, according to CB7.
The company pulled the trigger on a massive public stock offering. And why not?
ADS earnings call for the period ending June 30, 2019.
Stocks Top Investors Are Buying Now But QCOM stock looks like a tough dividend stock to stomach. After all, Qualcomm stock is bouncing around more than high-octane growth names like Shopify (NASDAQ:SHOP) and Roku (NASDAQ:ROKU), with the latter name recently hitting new, all-time highs. The bottom line is that there are far less volatile names with yields similar to that of QCOM stock.
Online retail is booming, a sector with $680 billion in annual sales and growing at nearly 10% per year. This is the fertile ground that has made Amazon.com (AMZN) so profitable, drawing in investors and pushing the share price close to $2,000.Amazon's dominance in the niche is not unchallenged. From China, comes Alibaba (BABA), the competitor with a domestic customer base over one billion strong. China's fast-growing e-commerce sector has made Alibaba a winner, in a market with 20% of the world's population and at $12 trillion, 15% of the world's economy. This is a solid foundation.Both companies got their start in the 1990s, have established successful branding on their home turf and...
The decrease in growth in new cloud bookings, a keenly watched metric because it indicates future revenue, underscores the difficult transition to internet-based software as Chief Executive Officer Bill McDermott challenges rivals such as Salesforce.com Inc. and Oracle Corp. Cloud sales can initially be less profitable than traditional on-premise installations, and while the company has pledged to increase its non-IFRS operating margin by 1 percentage point a year on average through 2023, profitability was flat in the second quarter. SAP's second-quarter performance was "underwhelming," Citi analyst Walter H. Pritchard said in a note to clients, citing "light" cloud bookings and...
British online fashion retailer ASOS dented profit expectations for the third time in eight months on Thursday, saying problems in ramping up warehouses in the United States and Germany had hit sales and increased costs. "Clearly management need to rebuild credibility in their financial guidance," said analysts at Shore Capital. ASOS, which sells fashion aimed at twentysomethings, issued a shock profit warning in December, and in March said its new U.S. warehouse was struggling to cope with demand, hitting sales there and adding to challenges in France and Germany.
(Bloomberg) -- Taiwan Semiconductor Manufacturing Co. projected current-quarter revenue ahead of estimates, as the Apple Inc. supplier shrugs off a smartphone slump and U.S. sanctions on Huawei Technologies Co. to ride demand for cutting-edge chips.The world's largest contract chipmaker expects sales
The job of the European Central Bank's finance industry supervisors, who have to make sure the revamp goes smoothly, won't be easy either. The ECB will need to use its regulatory stick and carrot wisely. This means standing by the lender in its sensible efforts to downsize, but being ready to demand more capital if the attempt doesn't go according to schedule. Andrea Enria, head of the Single Supervisory Mechanism (the ECB's banking supervisory body), dodged a bullet in April when Deutsche and its domestic rival Commerzbank AG decided not to merge.
China's total corporate, household and government debt rose to 303% of GDP in the first quarter of 2019, from 297% in the same period a year earlier, the IIF said in a report this week which highlighted rising debt levels worldwide. "While authorities' efforts to curb shadow bank lending
If you are an income investor, then Publicis Groupe S.A. (EPA:PUB) should be on your radar. Publicis Groupe S.A...
When you buy a stock there is always a possibility that it could drop 100%. But on the bright side, you can make far...
Mid-caps stocks, like Aluminum Corporation of China Limited (HKG:2600) with a market capitalization of HK$67b, aren't...
Once one of the world's most powerful and notorious criminals, Mexican drug lord Joaquin "El Chapo" Guzman was sentenced to life imprisonment Wednesday -- the mandatory punishment for a host of crimes spanning a quarter-century. Guzman, the 62-year-old former co-leader of Mexico's mighty Sinaloa drug cartel, was convicted in February in US federal court on a spate of charges, including smuggling hundreds of tons of cocaine, heroin, methamphetamine and marijuana into the United States. The much-anticipated hearing in New York capped a dramatic legal saga and saw Guzman -- wearing a gray suit, lilac shirt, purple tie and trademark mustache -- somberly take in his punishment.
Today we are going to look at Shiva Mills Limited (NSE:SHIVAMILLS) to see whether it might be an attractive investment...
The shares plunged as much as 13% to $314 in late trading after Netflix reported the loss of 130,000 customers in the U.S. -- the result of higher prices and a weak slate of TV shows. It signed up 2.8 million subscribers internationally in the period, roughly half what the company predicted. "Netflix has a difficult road ahead, with looming competition and the removal of popular content," said EMarketer Inc. analyst Eric Haggstrom.
Ray Dalio, billionaire investor and co-chairman of Bridgewater Associates, called on investors in a research note to prepare portfolios for the coming transition out of this decade's central bank-led reflationary environment into a future met with unsustainably large liabilities and rising social and geopolitical tensions. The note, titled Paradigm Shifts, is a summation of ideas Dalio has formed throughout his career studying markets, as well as a targeted focus this past year to study economic and market moves in major countries over the last 500 years.
The House voted to kill a measure seeking to impeach President Donald Trump - the first vote on such a measure since Democrats took the majority and since the release of former special counsel Robert Mueller's report.
The House voted overwhelmingly to repeal a tax Wednesday intended to fund the Affordable Care Act, preserving tax breaks for employer-sponsored insurance plans favored by large corporations. In a reversal of the usual partisan roles, Democrats rather than Republicans led the charge to kill a key part of Obamacare. The bill to repeal the levy commonly known as the "Cadillac tax" passed 419-6 with bipartisan support.
The U.S. House approved a federal probe into claims about Lyme disease's origin as a biological weapon. Rep. Chris Smith hopes this leads to a cure.
International Business Machines Corp posted a 4.2% fall in quarterly revenue, in line with analysts' estimates, as weakness in its legacy businesses of selling hardware and software offset growth in its high-margin cloud computing unit. The Armonk, New York-based technology services giant, which
In 2019, cloud giants Amazon (NASDAQ: AMZN) and Microsoft (NASDAQ: MSFT) are battling over a potentially $10 billion contract. The Joint Enterprise Defense Infrastructure (JEDI) project could be the crown jewel of cloud contracts. The deal itself is worth $10 billion, which may not directly move the needle for Microsoft and Amazon stock.
Generally speaking long term investing is the way to go. But along the way some stocks are going to perform badly. For...
After a 19-year legal struggle, three former makers of lead paint have agreed to a $305 million settlement with California county and city governments to mitigate poisoning dangers still present in old housing. Under the deal, disclosed in a filing in Santa Clara County Superior Court on Wednesday, defendants Sherwin-Williams , Conagra Brands Inc and NL Industries agreed to pay out the sum over six years, starting with a $75 million payment later this year. The defendant paint companies did not admit any wrongdoing under the settlement.
WTI Crude Oil The WTI Crude Oil market rallied a bit during the trading session on Wednesday but then gave back quite a bit of the gains to cross below the 50 day EMA again. By forming the candle stick that we have, it looks very likely that we are going to drop down, perhaps to the $56 level, possibly even the $55 level underneath there. I think that the market is starting to show signs of extreme weakness, so if we drop below the bottom of the candle stick for the trading session on Wednesday, then there could be a bit of a "flush lower.
Infamous drug kingpin Joaquín Guzmán Loera -- known as El Chapo -- was sentenced to life in prison in New York on Wednesday morning. Here's a look at how much he could have.
The $1.4 trillion market for Treasury Inflation-Protected Securities shows expectations for consumer-price gains are moving closer to the Federal Reserve's target as so-called breakeven rates trade at the highest since May. Another gauge of inflation expectations monitored by policy makers -- the five-year, five-year forward swap -- has surged in the past month too. "The pain trade for the summer remains up in stocks and yields," warned Michael Hartnett, chief investment strategist at Bank of America Corp. after the firm's latest survey of money managers found a long Treasury position was the most-crowded trade last month.
Barrick Gold (GOLD) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
(Bloomberg) -- A former Credit Suisse banker best known for his role in privatizing Russian state assets after the fall of communism is capitalizing on another transformative moment, this time in the U.S.Boris Jordan, 53, is getting rich from cannabis. His 31% stake in Curaleaf Holdings Inc., the biggest
Delay Taking Social Security If you are physically able to keep working past retirement age, you may be able to generate income for current expenses and boost your Social Security payments. Your Social Security benefits will increase each month that you delay collecting payments until age 70. "For most people, the delay from 67 to age 70 can be the same as if they saved $80,000 to $100,000 additional in those few years," says Roger Gainer, a retirement income certified professional and president of Gainer Financial & Insurance Services in San Rafael, California.
(Bloomberg) -- Laurence Blau, 78, woke up Tuesday morning to a frustrating figure: $6,410.That's the dollar amount that Tesla Inc. had lopped off the list price of a fully loaded performance edition of the Model 3 sedan the night before. Blau, who paid $68,400 for the car less than three weeks earlier
Managing your income by using the right mix of investments and annuities in retirement could help you trim your retirement tax rate to under 10% ... even for those investors with $4 million in assets.
(Bloomberg Opinion) -- When news broke last week that a right-wing member of Israel's government, Rafi Peretz, had remarked that assimilation of American Jews is a "second Holocaust," a column in the left-leaning Haaretz newspaper braced for the worst reaction, proclaiming, "Israel's Education Minister
Only a small percentage of Americans who reached millionaire status feel wealthy, according to a new survey from Ameriprise Financial. Why is that?
Dividend paying stocks like Global Self Storage, Inc. (NASDAQ:SELF) tend to be popular with investors, and for good...
The New York hedge fund, run by billionaire Paul Singer, disclosed earlier Wednesday that it holds 5.1% of voting rights in the company through financial instruments. Saga is valued at about 516 million pounds ($640 million). "We have good and open relations with all of our shareholders and expect to be in contact with Elliott shortly," a representative for Saga said in an emailed statement.
Canopy CFO Mike Lee dishes on growth expectations for fiscal 2020.
The United States will "do what we can do" to help resolve festering trade and political disputes between South Korea and Japan, a senior U.S. official said Wednesday after a series of meetings with Seoul officials. David Stilwell, the top U.S. diplomat for East Asian affairs, is in South Korea for three days, as Seoul is seeking U.S. help to resolve the spat between two of America's most important allies in the region.
(Bloomberg) -- Stocks in Europe drifted, U.S. equity futures edged higher and Asian shares were mostly down as fresh trade tensions offset solid economic data and a raft of corporate earnings. Treasuries were steady and European government bonds climbed.The Stoxx Europe 600 index fluctuated between gains
The Ethereum co-founders' suggestion-meant as a stopgap while the blockchain readies its major upgrade-has been greeted with incredulity.
Anglo-German chip designer Dialog Semiconductor on Wednesday raised its second-quarter earnings outlook, citing strong revenue and gains from a transfer of assets to iPhone maker Apple. The operating profit includes $28 million in one-offs, including $16 million on the transfer of assets to Apple and
In March 2018, the Chilean government unveiled big news: Corporate investors, including South Korean electronics giant Samsung, would build three factories in Chile to produce battery parts for electric vehicles. Chile had lured the companies with an enticing offer. In exchange for helping the South American country, the world's No. 2 miner of lithium, jumpstart its own EV battery industry, the firms would get a guaranteed supply of the coveted metal at attractive prices for nearly three decades amid a global race to lock down supplies.
Astronomers have indefinitely stopped looking through 13 existing telescopes at the summit of Mauna Kea in Hawaii while protesters block the road downslope in an attempt to prevent the construction of a giant new observatory. Observations won't resume until staff have consistent access to the summit, said Jessica Dempsey, the deputy director of the East Asian Observatory, one of the existing telescopes. The announcement came as Native Hawaiian protesters blocked the base of the road for a second day on Tuesday.
(Bloomberg) -- Sign up for Next China, a weekly email on where the nation stands now and where it's going next.After years betting solely on Kweichow Moutai Co., Dong Baozhen is diversifying.The money manager's flagship fund has returned 785% since its inception in 2010. He trounced the Shanghai
Jul.16 -- Becky Liu, head of China macro strategy at Standard Chartered, discusses the rally in China bonds, China's debt profile and the job market. She speaks on "Bloomberg Markets: China Open."
The company, which delayed its IPO amid market jitters in May, sold 44.9 million American depository shares for $11.50 each, according to a statement. At bottom-end pricing, the company is valued in the listing at about $3.7 billion, based on the number of shares listed as outstanding in its filings with the U.S. Securities and Exchange Commission. It is the biggest cross-border listing from China since Tencent Music Entertainment Group raised $1.07 billion in December.