Business

Citigroup Beats Q4 Forecasts After JPMorgan Tops

Citigroup Beats Q4 Forecasts After JPMorgan Tops Citigroup has swung to its first annual loss since 2009 after Republican tax reforms forced the USA bank to take a $22 billion (€18bn) accounting hit, one of the biggest such charges in corporate history. Loans that the bank considers to have doubtful repayment potential, also known as non-accrual loans, declined 17% to $4.8 billion, with consumer non-accrual loans declining 15% and corporate non... [Full Article...]

UnitedHealth Group Incorporated (UNH), HSBC Holdings plc — Trending Stocks Alert

UnitedHealth Group Incorporated (UNH), HSBC Holdings plc — Trending Stocks Alert The stock increased 0.63% or $0.42 during the last trading session, reaching $67.32. About 4.36M shares traded or 49.22% up from the average. Shares of UnitedHealth Group Incorporated (NYSE: UNH ) have seen a consistent move higher lately. [Full Article...]

General Electric to Be "Charged" on Q4 Numbers

General Electric to Be Amazon.com, Inc. (NASDAQ:AMZN) has risen 37.41% since January 16, 2017 and is uptrending. It has outperformed by 13.38% the S&P500. Carroll Financial Associates Inc decreased its stake in General Electric Co Com (GE) by 3.97% based on its latest 2017Q3 regulatory filing with the SEC. [Full Article...]

Dow surges past 26000, just 12 calendar days after surpassing 25K

Dow surges past 26000, just 12 calendar days after surpassing 25K The slide erased some of the gains from a broad rally earlier in the day that sent the Dow Jones industrial average past the 26,000-point threshold for the first time. The tumble follows a sharp jump in Viacom shares Friday after a published report suggested that a merger might be a possibility. On the Nasdaq, 1,958 issues rose and 673 fell. [Full Article...]

Walmart to close Sam's Club in Worcester, after announcing raises, bonuses

Walmart to close Sam's Club in Worcester, after announcing raises, bonuses The Moline store on 44th Avenue is on the list of stores that will be closed. A manager at the Winterville store, who identified himself only as "Mike" said the store was open Thursday, but he would not confirm its status beyond that, instead referring questions to Walmart corporate headquarters. [Full Article...]

The 2019 Ford Mustang Bullitt Is Ready to Conquer The World

The 2019 Ford Mustang Bullitt Is Ready to Conquer The World Finished in the same Dark Highland Green, it is also devoid of spoilers or badging. Its expected to sell for a few thousand dollars more than the Mustang GT's $43,990. To fulfill his family's lifelong dream, Sean contacted Ford and the two parties worked together to reveal his movie star vehicle alongside the all-new 2019 Mustang Bullitt at the 2018 North American International Auto Show in ... [Full Article...]

Airbus to Scrap A380 without Emirates Deal

Airbus to Scrap A380 without Emirates Deal Sales director James Leahy said that unless the aircraft manufacturer struck a deal with Emirates , they would have "no choice but to shut down the programme" unless their main customer, the Dubai-based airliner Emirates, placed an order. The company was forced to slash production rates in July to try and stretch out the order book. Following another "miraculous" December - which saw 127 deliv... [Full Article...]

Uber Used Another Secret Software Program to Evade Police

Uber Used Another Secret Software Program to Evade Police The program was reportedly used at least two dozen times in cities such as Quebec, Hong Kong, Amsterdam, Brussels, and Paris during police raids of Uber offices. Employees aware of its existence eventually took to calling it Ripley, after Sigourney Weaver's flamethrower-wielding hero in the Alien movies. And it is true that law enforcement doesn't necessarily have a right to every piece of com... [Full Article...]

Baird Analysts Give Wal-Mart Stores (NYSE:WMT) a $110.00 Price Target

Baird Analysts Give Wal-Mart Stores (NYSE:WMT) a $110.00 Price Target Piershale Financial Group Inc. now owns 1,612 shares of the retailer's stock worth $116,000 after buying an additional 5 shares in the last quarter. The firm's quarterly revenue was up 4.2% compared to the same quarter past year. (NYSE: WMT ) on Tuesday, August 15 with "Buy" rating. The firm earned "Hold" rating on Wednesday, August 23 by Jefferies. The rating was maintained by Macquarie Research ... [Full Article...]

Ripple, MoneyGram Announce Partnership to 'Modernize' Payments

Ripple, MoneyGram Announce Partnership to 'Modernize' Payments MoneyGram, a major player in the $600-billion-a-year remittance market, is similarly afflicted. The companies announced Thursday that MoneyGram will test XRP in payment flows through xRapid , Ripple's on-demand liquidity service. Ripple provides one frictionless experience to send money globally using the power of blockchain. Global payments is a growing market, particularly with mobil... [Full Article...]

GM plans to release cars with no steering wheel in 2019

GM plans to release cars with no steering wheel in 2019 GM said the self-driving cars will be built on the Chevrolet Bolt EV platform next year and it's asking to meet 16 safety requirements "in a different way", Paul Hemmersbaugh, GM's chief counsel and public policy director for transportation and service, said. [Full Article...]

Sam's Club closing 63 stores around the country

Sam's Club closing 63 stores around the country The news came as a surprise for the people who worked in some of those stores because majority walked into a sign announcing the closure, instead of their jobs. "Transforming our business means managing our real estate portfolio and Walmart needs a strong fleet of Sam's Clubs that are fit for the future", Sam's Club CEO John Furner said in a statement. [Full Article...]

US core consumer prices record biggest gain in 11 months in December

US core consumer prices record biggest gain in 11 months in December Analysts polled by Reuters had predicted December's consumer inflation rate would climb to 5.10%, the highest since July 2016, from 4.88% in November. The 10-year breakeven rate ended marginally higher on the day at 2.02 percent in advance of next week's $13 billion of 10-year TIPS supply. "The disaggregated data poses a mixed trend with high growth in consumer non durables, infra/construction g... [Full Article...]

Tesco is festive victor reporting record Christmas sales

Tesco is festive victor reporting record Christmas sales However, the supermarket giant said the collapse of Palmer & Harvey did impact tobacco sales during the period. Tesco had been tipped to outperform the rest of the big four in the third quarter, but that title appears to have been taken by Morrisons , which posted like-for-like sales rises of 3.7 per cent earlier in the week. [Full Article...]

Walmart announces raises and bonuses - then closes some stores

Walmart announces raises and bonuses - then closes some stores The move comes three years after Wal-Mart last announced it was raising wages, spending $1 billion in 2015 to lift starting hourly pay to $9 and then to $10 the following year - for workers who complete a 90-day training course. According to Carl Quintanilla of CNBC , almost 85,000 employees have 20 plus years of service and will qualify for the full $1,000, while another 200,000 or so will... [Full Article...]

Officials react to Alabama Toyota-Mazda plant announcement

Officials react to Alabama Toyota-Mazda plant announcement According to a report from Automotive News , the Japanese automakers decided on Huntsville, Alabama as the site of their upcoming facility, after narrowing down their choices between Alabama and North Carolina. "NO WAY! Build plant in US or pay big border tax", then-President-Elect Trump tweeted early a year ago. "A great investment in American manufacturing!" Folsom who helped land Mercedes in... [Full Article...]

Packers to hire Mike Pettine as defensive coordinator

Packers to hire Mike Pettine as defensive coordinator Pettine, 51, has been out of the league since getting fired in 2015 after two largely unsuccessful seasons with the Cleveland Browns . Pettine would succeed Dom Capers , who was sacked last week after a disappointing 7-9 season. Pettine was chosen to replace longtime Packers coordinator Dom Capers , a Cambridge, Ohio native, and graduate of the University of Mount Union. Green Bay's defen... [Full Article...]

Plastic microbeads ban comes into force across UK

Plastic microbeads ban comes into force across UK They have been widely criticised by environmentalists and marine conservationists for their harmful effects on animals and the environment. "They can be ingested directly into the fish and while we're still looking for extra evidence on the impact on human health, the point is that they don't need to be there and that's why we've taken the steps to have this ban". [Full Article...]

Two planes involved in ground collision at Toronto airport

Two planes involved in ground collision at Toronto airport Officials say an empty Sunwing plane struck a WestJet aircraft - inbound from Cancun, Mexico, with 168 passengers and six crew members - while both planes were on the tarmac. The Greater Toronto Airports Authority said passengers were removed from the plane as quickly as possible, and emergency services responded to aid in the safe exit of passengers via emergency slides. [Full Article...]

The Inspiring Words That Are Getting Lena Dunham Through Her Breakup

The Inspiring Words That Are Getting Lena Dunham Through Her Breakup Unfortunately, Girls creator Lena Dunham is not one of these women, which has made the internet collectively scratch their heads over an Instagram post she shared of a group photo of her and the women of the Times Up movement . This is a time of reckoning. So many women also have real work to do. Worse, Lena has yet to publicly apologize to Aurora despite information surfacing that the pe... [Full Article...]


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