Markets

What investors expect from Tesla's earnings Wednesday evening

It then expects to be producing 5,000 vehicles per week by the end of Q4, and 10,000 vehicles per week by the end of 2018. In afternoon trade on Nasdaq they were around $275.75. The surge so far has been based on the work that the company has done till now for its Model 3. Following the sale, the director now owns 154,644 shares of the company's stock, valued at $30,557,654.40. Read More

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Oil prices dip as USA dollar increases

At the end of November, OPEC countries met in Vienna to discuss the terms of a production reduction deal to reverse the effects of the global oil supply glut that has been plaguing markets since 2016. As per the source, OPEC's supply cut alliance could be stretched by May if all major producers display "effective cooperation". Senior energy analyst at The PRICE Futures Group and a Fox Business Network contributor. Read More

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North Queensland shark attack leaves man with serious leg injuries

Glenn Dickson, who has a third tot on the way, came close to death after the shark mauled his leg when he jumped into the water at Hinchinbrook Island, off the coast of north Queensland . 'Had that bleeding not been controlled with direct pressure and tourniquet applied, and blood being given to him by the helicopter rescue crew, I'd give him another 60 seconds and it's quite possible this gentleman would've died from his injuries. Read More

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Cigna rejects $48 billion Anthem takeover, sues for damages

Aetna will pay Humana the $1 billion contractual breakup fee after they mutually agreed to end their plans for a $37 billion merger, the companies announced on Tuesday . It was the second major deal shot down in federal courts in as many months. The decision to scrap the tie-up marks the latest corporate casualty of the former Obama administration's decision to challenge corporate mergers on anti-competition grounds and seek to block so-called tax inversion deals based on contentions they ... Read More

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BSE down for second straight day; Tata Motors down 8%

The broader Nifty index finished down 67.60 points or 0.77 percent at 8,724.70. Stocks of south korea, singapore, Japan and HongKong gained between 0.45 per cent to 1.23 per cent, while Sc (China) fell 0.15 per cent. All the BSE sectoral indices, except FMCG index, closed in the red zone with Realty index leading the declines, down 3.5 per cent. FMCG index inched up 0.1 per cent. Read More

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Demonetisation Impact: Retail inflation slips to 3.17% in January 2017

Inflation in the United Kingdom in January rose at the fastest rate since June 2014 on the back of higher oil prices resulting from the OPEC-non-OPEC agreement to cut output. Last month's inflation, down from 5.69 per cent in January 2016, was lowest in at least over three years. Overall food prices were flat between December and January after falling 0.6% a year ago, as the sharp drop in costs, triggered in part by the supermarket price war, ground to a halt. Read More

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Seahawks Reportedly Issued Warning for Not Reporting Richard Sherman Injury

It seemed like a likely conclusion to the story after another NFL Network report from earlier this month stated that the Seahawks weren't expected to be punished heavily, if at all, after the league looked into the situation. Seattle coach Pete Carroll flat out admitted it . "Honestly, I didn't realize we hadn't revealed it, " Carroll said during his press conference two days after the season ended in a divisional playoff loss to at Atlanta. Read More

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$670-million settlement reached in Dupont C8 mass torts

$670-million settlement reached in Dupont C8 mass torts

For DuPont and Chemours , who have shamelessly dragged this crisis out for decades, it is time to make good on this settlement offer without any further delay. "To address potential future PFOA costs not covered by the global settlement, during each of the five years following the effectiveness of the settlement, Chemours and DuPont have agreed that Chemours will annually pay the first $25 million of any potential future PFOA costs", and DuPont will pay up to $25 million more. Read More

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Solar industry hiring stalls in NY

Department of Energy last month. The employment picture got a little cloudier for the Bay State's solar industry previous year, though MA still leads the nation in per-capita solar jobs and is second in overall solar jobs, according to a recent report . Read More

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RBA starts 2017 with February cash rate hold

RBA starts 2017 with February cash rate hold

In its assessment of domestic economic conditions, the central bank said that its price growth outlook is largely unchanged, noting that while inflation remains "quite low" the headline rate is seen surpassing 2 percent in 2017. Supervisory measures have strengthened lending standards and some lenders are taking a more cautious attitude to lending in certain segments. CoreLogic research head Tim Lawless said a booming housing market would make the RBA reticent to lower rates. Read More

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Six People Charged, 1.4 Tons Seized in Australia's Biggest Cocaine Interception

Six People Charged, 1.4 Tons Seized in Australia's Biggest Cocaine Interception

This amount of cocaine has a street value of approximately $312 million, though further forensic testing will be conducted to determine exact weight and purity. Police arrested a fourth man, Yahay Majdalawi, 32, in Sydney on Friday who is also alleged to be involved in the conspiracy to import the cocaine. The drugs were destined for Australia, but authorities feared some may have entered New Zealand, Customs' deputy comptroller operations Bill Perry said. Read More

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European Parliament Rejects US Ambassador Proposed by Trump

However, the actions of the new Trump administration overshadowed the talks, with French President Francois Hollande slamming Trump´s "unacceptable" comments backing Britain´s decision to leave the EU. Donald Trump may be anxious about bad hombres, but European Union leaders are anxious about the US president's bad attitude. Hollande urged European Union unity in face of the president of Trump's possible threat, because "who knows what the US president really wants, particularly in relation ... Read More

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Dodd-Frank Is Dead! Long Live Dodd-Frank!

Dodd-Frank Is Dead! Long Live Dodd-Frank!

The order directs the Treasury secretary to initiate a review and consult with regulatory agencies to identify changes to Dodd-Frank. Serious changes to Dodd-Frank would likely require congressional action. Trump had promised to dismantle Dodd-Frank, claiming it was holding back lending and tying up business in red tape. The DOL Fiduciary Rule, a rule with a benign description that hides an ugly trap for consumers, has lost favor as well. Read More

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Hennes & Mauritz Q4 Profit Climbs, Sees Sales Growth In FY17; Stock Up

Hennes & Mauritz Q4 Profit Climbs, Sees Sales Growth In FY17; Stock Up

Swedish fashion retailer H&M increased its sales in Romania by 17% in the fiscal year ended November 30, 2016, to SEK 2.1 billion (EUR 223 million), according to the group's financial report. Sales excluding Value-Added Tax amounted to 52.72 billion kronor, compared to 48.69 billion kronor in the previous year. The company will keep its focus on expansion in 2017 as well, hoping to open 430 new stores, with firsts in Kazakhstan, Columbia, Iceland, Vietnam and Georgia, but at the same time, ... Read More

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Trump expected to order clamp down on H1B, L1 visas

Trump expected to order clamp down on H1B, L1 visas

Under the current system, companies wishing to bring in workers via the H-1B program must enter a lottery; the number of such visas granted per year is now capped at 85,000 (including visa-holders with master's degrees or higher). Chirag, a 33-year-old Bengaluru-based software engineer recently got a job offer from a software company in San Francisco with an annual salary of $100,000, well below the Lofgren bill's proposed minimum. Read More

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Virginia attorney general requests information on detentions

One injunction issued by a federal court in Virginia on Sunday 29 January bars the Department of Homeland Security [DHS] from removing 50-60 people detained at Dulles Airport "who are legal permanent residents, but were refused admission into the country because they are citizens of the seven countries" listed in Trump's executive order, said a statement by the Legal Aid Justice Center. Read More

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Protesters Gather At Philly, Pittsburgh Airports

Protesters Gather At Philly, Pittsburgh Airports

SFO Airport authorities later clarified that they have closed the road leading to the arrivals area in view of the protests and confirmed that passengers can be still picked up near the departures area. Large protests erupted at airports throughout the country where travelers were being held, a day after Trump signed an order banning travel to the U.S.by citizens of Iraq, Syria, Iran, Sudan, Libya, Somalia or Yemen. Read More

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