Markets


Sunday's roundup: Chappell edges Koepka by 1 at Texas Sunday's roundup: Chappell edges Koepka by 1 at Texas
- April 24, 2017

Like many before him in round three, Chappell struggled on the front nine at the TPC San Antonio . He picked up the nearly obligatory birdie at the 17th but a bogey at the last saw him finish four shots from Chappell's lead although not without hope of contending for the title tomorrow. (more...)
Apparel retailer Bebe says to shut all stores Apparel retailer Bebe says to shut all stores
- April 21, 2017

In March, Bloomberg reported that Bebe Stores was hoping to reinvent itself as an online brand. California-based Bebe had 180 stores at the end of 2016, according to its website. Shares were at a 14-month low on Tuesday, but spiked 7 percent later that day. It's been a rough year for retailers. The company could not immediately be reached for comment. (more...)
Ontario, Canada brings in foreign housing tax to cool market Ontario, Canada brings in foreign housing tax to cool market
- April 21, 2017

Home sales plunged and price growth stalled for months in Vancouver following the B.C. government's introduction of a 15 per cent tax on foreign buyers last August. "Frankly, it's a free market and market forces will prevail ultimately as we proceed forward", Sousa said. The Ontario Fair Housing Plan includes options to boost housing supply, prevent egregious rent increases and rein in excessive speculation. (more...)
Trump vows to solve dairy dispute with Canada
- April 19, 2017

President Trump on Tuesday picked another fight with another country - slamming Canada for taxing certain milk imports from dairy-farming states like Wisconsin and NY. "Canada must be clearly and swiftly reminded in a concrete way that dependable trading conditions between our two countries are critically important", the senators wrote. (more...)
Ronaldo destroys Bayern, Leicester City out
- April 19, 2017

Much like the first leg, Madrid weathered the early storm and had plenty of chances to go in front before half time. But despite having the momentum, they were at the distinct disadvantage of having to play extra-time with 10 men, and eventually crumbled to Madrid's might. (more...)
Kapanen scores double OT winner as Leafs beat Capitals 4-3 Kapanen scores double OT winner as Leafs beat Capitals 4-3
- April 18, 2017

The Leafs meanwhile are right back in the series thanks to a spectacular game two effort from youngster Kasperi Kapanen who netted two goals including the double OT victor and are now playing back at home in the ACC. "Unfortunate incident, really unfortunate for him and us". Nazem Kadri has played over 19 5v5 minutes against Alex Ovechkin, and in those minutes he narrowly has the better of the Great 8 in CF% (53% for Kadri), shots, and scoring chances. (more...)
Arconic CEO Klaus Kleinfeld steps down Arconic CEO Klaus Kleinfeld steps down
- April 18, 2017

Arconic's statement praised Mr. Kleinfeld for his "transformative vision" and said he improved the company's performance despite a hard environment. Beristain said activist investor Elliott Management will help Arconic realize its earnings potential by championing its own CEO to the helm, after the metal products manufacturer's former CEO Klaus Kleinfeld quit amid a proxy battle with the investing firm. (more...)
Uber denies theft of Google's self-driving technology Uber denies theft of Google's self-driving technology
- April 13, 2017

Otto's founder, Andrew Levandowski is a former Google employee who resigned and was eventually accused of stealing more than 14,000 documents pertaining to the self-driving vehicle technology. Uber says its in-house lidar design was set by its roboticist Scott Boehmke, who named the project "Fuji", according to Friday's filing. With all of that in mind, Uber denies that it has infringed any of the Waymo patents cited in the infringement suit, and its lawyers argue that there is no ... (more...)
India's retail inflation edges up to 3.81 pct in March India's retail inflation edges up to 3.81 pct in March
- April 13, 2017

Many private economists expect inflation will surpass 3 percent this year. Meanwhile, the Producer Price Index, which measures costs for goods at the factory gate, rose 7.6 percent, 0.2 percentage points slower than February's 7.8 percent, which was a eight-year record. (more...)
KFC to stop using chickens raised with antibiotics meant for humans KFC to stop using chickens raised with antibiotics meant for humans
- April 08, 2017

The Southern-themed fast-food maker, which even I have to admit I've enjoyed from time to time (those mashed potatoes might not be fresh, but they're pretty damn tasty), is now the second-biggest USA chicken chain. Antibiotics specific to animals may still be used to treat diseases in the chickens, KFC said. KFC's antibiotic policy is set on a country-by-country basis, according to Yum! KFC's rivals have already announced plans to curb their use of chickens raised with antibiotics. (more...)
Gambler tied to Phil Mickelson convicted of insider trading Gambler tied to Phil Mickelson convicted of insider trading
- April 08, 2017

Walters, 70, faced a four-week trial in Manhattan before U.S. District Judge P. Kevin Castel. Walters was convicted of earning over $40 million illegally. A defense lawyer was scheduled to deliver a closing argument Thursday. During the trial, Berke used Mickelson as proof that his client was innocent, saying that if Walters had inside information, "the last thing you would do is give it to Phil Mickelson, one of the most famous athletes in the world who is going to attract regulatory ... (more...)
Rajya Sabha passes GST Bill
- April 07, 2017

The Lok Sabha had passed these bills on March 29. In fact, during the discussion in the Rajya Sabha today, the finance minister categorically stated that he had no hesitation in stating that "no one person or one govt" can take credit for the bill. (more...)
Constellation Brands (STZ) Tops Q4 Earnings, Stock Up Constellation Brands (STZ) Tops Q4 Earnings, Stock Up
- April 07, 2017

Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Navellier & Associates Inc increased its position in shares of Constellation Brands by 686.8% in the third quarter. Constellation Brands now has an average rating of "Buy" and a consensus target price of $179.40. Analysts giving shares a rating of 1 or 2 would be indicating a Buy. (more...)
India Retain Their Fourth Position in the Latest ICC ODI Rankings India Retain Their Fourth Position in the Latest ICC ODI Rankings
- April 07, 2017

Pakistan Test captain Misbah-ul-Haq at the MCG in December, is planning to quit global cricket. "The Test team has been selected keeping in mind the conditions in the West Indies and the recent performances of players during the domestic and global season", Haq told AFP. (more...)
German cabinet agrees to fine social media over hate speech German cabinet agrees to fine social media over hate speech
- April 06, 2017

The country has some of the strictest hate speech laws , including potential prison time for denying the Holocaust or inciting hatred against minorities. Meanwhile, the Singapore Government said on Monday that it was reviewing how to combat fake news as current laws are limited in tackling the issue. (more...)
Donald Trump signs bill that lets internet companies sell people's browsing history
- April 05, 2017

While the chatter in Washington D.C. last week focused on the failed GOP health care plan to "repeal and replace" the Affordable Care Act, a much quieter - but equally egregious - repeal-and-replace bill moved through the U.S. Internet companies like Google don't have to ask their Internet users for permission before tracking what sites they visit. While the rule did give broadband providers access to a user's email address and other private information, like geolocation or financial ... (more...)
Pink diamond auctioned for record $71.2M in Hong Kong
- April 05, 2017

The diamond failed to sell in November 2013. In November 2013 it was auctioned for a record US$ 83 million to NY diamond cutter Isaac Wolf. The jeweller made the HK$553 million winning bid for the Pink Star, ending a five-minute contest that included three phone bidders, Sotheby's said Tuesday. (more...)
Pink diamond auctioned for record £57.2m in Hong Kong
- April 05, 2017

The previous record holder for a cut diamond at auction was the " Oppenheimer Blue ". It was 132.5 carats in the rough when it was mined by De Beers in South Africa in 1999, according to Sotheby's. The Pink Star has been renamed "The CTF Pink" in memory of the late Dr. Cheng Yu-Tung, father of the current chairman and founder of Chow Tai Fook, and commemorates the esteemed brand's 88 anniversary. (more...)
GOP state senator: Why I'm fighting for equal pay
- April 05, 2017

It's not just progressive states like California taking the wage gap seriously, either - North Dakota passed a bill in 2015 strengthening employer salary reporting requirements. It would be hard to argue against the idea that there shouldn't be a gender wage gap. Noreen Farrell, director of anti-sex discrimination law firm Equal Rights Advocates, told NBC : "We have an executive order that essentially forces women to pay to keep companies in business that discriminate against them, with ... (more...)
USA auto sales fall 1.6% in March as industry cools USA auto sales fall 1.6% in March as industry cools
- April 05, 2017

Analyst polled by Reuters expected a SAAR of 17.3 million vehicles for March. Last week, Moody's warned that flattening US auto sales pose a significant credit risk for auto lenders. Overall Canadian sales were driven by an 11.1 percent increase in consumer demand for pickups and sport utility vehicles during the month, which more than offset a 0.3 percent dip in passenger auto sales. (more...)
Sturgeon puts pressure on London for Scotland independence vote
- April 04, 2017

Scotland's devolved government, which is run by the pro-independence Scottish National Party (SNP), has said Scots should not be dragged out of the European Union against their will. Scottish lawmakers have voted to seek a new referendum on independence, to be held within the next two years. The Scottish first minister said her mandate for another vote is now "beyond question", and warned it would be "democratically indefensible and utterly unsustainable" to attempt to stand in the way. (more...)
Elon Musk's SpaceX wants to try recycling more of Falcon 9 rocket Elon Musk's SpaceX wants to try recycling more of Falcon 9 rocket
- April 04, 2017

Having launched four rockets this year already, SpaceX intends to fly 20 to 24 missions by the end of 2017. Ars Technica reported that with its single Merlin engine, the vacuum-rated version of the nine engines previously used on the first stage of the Falcon 9 rocket will be used for Falcon Heavy's second stage rocket. (more...)
Trump to sign executive orders targeting trade abuses Trump to sign executive orders targeting trade abuses
- April 03, 2017

However, Ross said the presence of a deficit does not necessarily mean that retaliatory or remedial action would be taken. That's not quite how things usually work, considering Trump likes to have the press take photos of him signing executive orders. (more...)
S. Korea hails new United States sanctions on N S. Korea hails new United States sanctions on N
- April 03, 2017

It is also unclear what the United States might do on its own to deflect North Korea from the expansion of its nuclear capabilities and from the development of missiles with ever-longer ranges and the capacity to deliver atomic warheads. They are connected to North Korean corporations and banks sanctioned either by the US or the UN. It also assigns the executive authority to regard the purchasing or acquisition of North Korean food, farming, fishing, and textile products or the provision of ... (more...)
Top Democrat on House panel says he has seen controversial intel reports Top Democrat on House panel says he has seen controversial intel reports
- April 02, 2017

Rep. Adam Schiff says the White House has not explained why the materials were shared with only one member of the committee, chairman Devin Nunes . On Friday, White House press secretary Sean Spicer continued to deflect questions regarding Chairman Nunes' handling of classified information, but did defend his visit to the White House to view classified documents as "routine and proper". (more...)
Denver weather forecast for today, April 1: Ugh, snow probably Denver weather forecast for today, April 1: Ugh, snow probably
- April 02, 2017

Meteorologists with Gazette news partner KKTV said it's likely that "the main center of the storm is situated a bit too far to the southwest to give the Pikes Peak Region huge snow totals". Rain could turn heavy especially during the evening as a low pressure develops and slides south of the city. You can follow my updates on Twitter at @ growingwisdom . (more...)
US stock indexes mostly down in afternoon trading; oil rises
- April 02, 2017

On the economic front, personal income for February matched estimates, at 0.4% growth, while consumer spending just missed predictions, climbing 0.1%. The stock climbed $5.45 to $17.40. Shares in FMC got a lift after the company agreed to buy part of DuPont's crop-protection business. ( FMC ) in exchange for $1.2 billion in cash and FMC Health and Nutrition. (more...)
If you live in Gibraltar, tell us what you think about Brexit If you live in Gibraltar, tell us what you think about Brexit
- April 01, 2017

Britain and Spain have engaged in centuries of squabbling over the territorial status of "the rock", and the EU's stance is likely to intensify those arguments. Spain's Foreign Minister, Alfonso Dastis, has told a leading German newspaper that Madrid will not be taking "any type of punitive measures" at the border with Gibraltar after Brexit. (more...)
Trump shakes up White House staff after setbacks
- March 31, 2017

Walsh was one of the few women holding a senior role in the Trump White House and was seen as a strong force for organization, though some Trump loyalists viewed her with suspicion because of her roots in the Republican establishment. All three believed that she is the right person to give the administration the "air cover" it so desperately needs - and has been missing thus far. CNN quoted a White House source who called the move a "tremendous loss", noting White House insiders were ... (more...)
Trump has seen the enemy and it is the House Freedom Caucus Trump has seen the enemy and it is the House Freedom Caucus
- March 31, 2017

But in the end, majority decided it wasn't enough and said they'd vote against the bill. In a Twitter post , Trump took aim at the Freedom Caucus , a bloc of the most conservative Republicans in the U.S. Under the compromise proposal, the original "bathroom Bill" would be repealed, but the new proposal would not extend to multi-stall restrooms and it would also not extend to places of work, hotels or restaurants until 2020. (more...)

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