Day: January 19, 2017

China Said to Relax Index Futures Curbs as Market Steadies

China plans to relax curbs on stock-index futures trading that led to a 99 percent plunge in volumes and fueled concern over the government’s intervention in markets, according to people familiar with the matter. China Financial Futures Exchange will cut transaction fees, lower margin requirements for non-hedging accounts and double the number of new positions such traders are allowed to open per day, the people said.

2 Ways NVIDIA Is Beating the Competition

The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.

2 Ways NVIDIA Is Beating the Competition

The company’s stock price skyrocketed 229% in 2016, fueled by growth from sales of its graphics processing units for its gaming segment. Some stocks move at the whims of investors, but much of NVIDIA’s stock-price rise can be attributed to the company’s healthy lead in the GPU market and the huge steps it’s taken in the self-driving vehicle market.

Futures, Asia Mixed as Investors Ponder the New President

Futures for U.S. markets pointed to a mixed open for the final trading day of the week and the first day of Donald Trump’s presidency as doubts mount over just how good the erstwhile reality TV star will be for the economy. The S&P 500 gained 0.08%, while Nasdaq added 0.13%, but the Dow Jones Industrial Average slid 0.12% at 9:04 p.m. EST.

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In other words, it signaled to investors that it was ready to get more serious about trying to make money from building chips for other chip design houses. Over the past several years, some companies have announced manufacturing deals with Intel’s contract chip manufacturing division, called Intel Custom Foundry .

5 Things to Know Before You Buy Under Armour Inc Stock

Thanks to that gap, the sports apparel giant might seem like a no-brainer purchase to prospective shareholders. It is, after all, one of the fastest-growing companies on the market and is staring at a massive global sales opportunity in categories like footwear, active wear, and connected fitness.

Chairman Is Sorry for – 100 Yuan a Share’ Comment: Leshi Filing

Leshi Internet Information & Technology Corp. said in a filing on Thursday that its chairman was sorry for saying the company should be valued at 100 yuan per share. The remarks by Jia Yueting were intended to show the company is committed to achieving rapid growth, an appeal to investor Sunac China Holdings Ltd. to work together on the company’s development and an effort to boost investor confidence, Leshi said in the filing.

Las Vegas Sands paying $7 million to settle corrupt practices probe

U.S. authorities say billionaire Sheldon Adelson’s casino company is paying almost $7 million to settle a foreign corrupt practices investigation of the firm’s former relationship with a consultant in Macau and China. Justice Department and FBI officials said Thursday the agreement with Las Vegas Sands Corp. resolves a probe into more than $60 million paid to an unnamed agent retained in 2006 for business dealings including efforts to acquire a Chinese basketball team.

Chinese whispers?

Whenever China’s GDP figures are released, foreign correspondents fly into action with plenty of analysis about what they might mean. Plenty of economists think that GDP is a massively flawed form of measuring the health of any economy but in this country it is even worse.

Paycom Software Inc Has Room to Run

Instead of running one system to manage payroll and another to manage time entry and tracking, and still another to assist with tasks such as recruiting, training, and performance reviews, Paycom customers can log on to one integrated system — running on a single cloud-based database — that handles it all, including compliance with government regulations. This lets companies focus on their own business instead of the ever-changing complexities of the tax code or various labor laws.

China economy grows 6.7% in 2016

China’s economy grew by 6.7% in 2016, compared with 6.9% a year earlier, marking its slowest growth in more than a quarter of a century. China’s growth is a key driver of the global economy and a major concern for investors around the world.

Why GNC Holdings, Aaron’s, and Dean Foods Slumped Today

The stock market lost ground on Thursday, as investors sent the Dow Jones Industrials below the level at which the average began the year. Losses for the S&P 500 and Nasdaq Composite were modest at around a third of a percent, but they reflected a downbeat attitude among investors, who are struggling to predict what’s likely to happen on the political and macroeconomic fronts for the remainder of the year and beyond.

Why CSX, Oclaro, and Check Point Software Technologies Jumped Today

Thursday brought modest losses to the stock market, as the Dow dropped 72 points and other major market benchmarks fell between a quarter-percent and a third of a percent. Strong economic data suggested that the U.S. economy continues to fire on all cylinders, but that led to higher bond yields and fears that tightening monetary policy from the Federal Reserve could pose threats to growth during the rest of the year.

Top Fast Food Stocks to Buy in 2017

As the dining industry has evolved in recent years, fast-food chains have endured more than their fair share of challenges. But despite the proliferation of competing concepts, changing consumer preferences, and even food-quality scares, fast food always seems to find a way to survive and thrive thanks to its unrivaled value and relative convenience.

Why San Fernando Valley home sales dipped in 2016

The San Fernando Valley’s resale housing market flirted with record low level sales in 2016, because inventory remained scant and prices climbed out of reach for many potential buyers, a trade association said Thursday. Last year sales of previously owned homes fell 4 percent from 2015 to 5,863 transactions, the second lowest level since full-year record keeping began in 1985, according to the Van Nuys-based Southland Regional Association of Realtors.

States press Trump to open Yucca Mountain for nuclear waste

A group representing the nation’s state energy regulators is urging President-elect Trump ahead of Friday’s inauguration to move as soon as possible to restart the process to build the nation’s nuclear waste dump at Yucca Mountain in Nevada. The National Association of Regulatory Utility Commissioners was a major litigant in fighting the Obama administration’s attempt to scuttle the nuclear waste site after years of states funneling money into a trust fund to build it.

President Donald Trump May Cringe While Watching This Guy’s Senate Hearing

Restaurant industry executives may not want to readily admit that they love Donald Trump’s choice of polarizing CKE Restaurants CEO Andrew Puzder as Secretary of Labor, but they definitely appreciate having one of their own in the key cabinet position during a time of rising worker outrage over sub-par hourly wages and after years of battling endless regulations from the Obama Administration. “My immediate thought is that it is very fortunate that for the first time, someone in our industry is in a position to represent us not only as Secretary of Labor, but even in a high level cabinet position,” says Don Fox , CEO of Firehouse Subs and current National Restaurant Association board member, on the nomination of the controversial Puzder.

Uber pays $20 million over claims about driver earnings

Uber will pay $20 million to settle federal charges that the ride-hailing company promised higher earnings than it could deliver in an effort to lure as many drivers as possible to the platform, the Federal Trade Commission said Thursday. San Francisco-based Uber advertised that drivers made a median income of more than $74,000 a year in San Francisco, but drivers’ actual median income was $53,000, according to the federal agency.

Netflix Says It Won’t Be Hurt By …

Netflix has long been one of the most prominent supporters of net neutrality, and for good reason: Internet service providers could very quickly put a crimp in Netflix’s business by degrading its traffic, or by imposing the kinds of data caps that discourage people from streaming video. So it stands to reason that Netflix’s business could be jeopardized if the new Federal Communications Commission makes good on threats to scrap the net neutrality rules.

Soros: Trump is an imposter

“An imposter, a [political] conman and a would-be dictator,” is the verdict of billionaire investor George Soros on Donald Trump. Speaking to a packed audience at his annual dinner at the World Economic Forum in Davos, Mr Soros said he was confident Mr Trump’s powers would be limited by Congress.

Soros Says U.K. Prime Minister May Unlikely to Stay in Role

Billionaire investor George Soros said it’s unlikely that U.K. Prime Minister Theresa May will remain in power as the nation prepares to secede from the European Union. “It is, in my opinion, unlikely that Prime Minister May is actually going to remain in power,” Soros said in an interview on Bloomberg Television from Davos on Thursday.

Soros Says Markets to Slump With Trump, EU Faces Disintegration

America has elected a would-be dictator as president, the European Union is disintegrating, U.K. Prime Minister Theresa May won’t last long as her nation prepares to secede from the EU, and China is poised to become an even more repressive society, the investor told Bloomberg Television’s Francine Lacqua from the World Economic Forum in Davos. “It is unlikely that Prime Minister May is actually going to remain in power,” Soros said.

Uber to Pay $20 Million to Settle FTC Suit Over Driver Pay

Uber Technologies Inc. said it agreed to pay $20 million to settle a U.S. Federal Trade Commission lawsuit over driver compensation claims and its auto leasing program. The FTC sued the San Francisco-based ride-hailing startup Thursday, saying Uber made false, misleading or unsubstantiated claims about how much drivers could earn on the service.

IBM Margins Narrow While Sales Struggle to Return to Growth

IBM fourth-quarter sales declined and margins narrowed, indicating that its newer businesses still need to grow more to offset development costs. Revenue slipped for the 19th consecutive quarter to $21.8 billion and operating margins shrank year-over-year for the fifth quarter in a row to 51 percent, a concerning metric of the company’s overall health.

Sigh of Relief for Self-Driving Cars as Tesla Cleared in Probe

The push to bring self-driving cars to American roads got a significant boost on Thursday when the nation’s chief auto safety regulator essentially cleared Tesla Motors Inc.’s Autopilot system of fault in a fatal 2016 crash. The U.S. National Highway Traffic Safety Administration found that the owner of a Tesla Motors Inc. Model S sedan that drove itself into the side of a truck in May had ignored the manufacturer’s warnings to maintain control even while using the driver-assist function.

Ex-Visium Manager Found Guilty of Fraud in About 90 Minutes

A onetime portfolio manager for hedge fund firm Visium Asset Management LP was convicted of federal securities-fraud charges in the culmination of a three-year case that included the suicide of a fellow executive who was also charged. The jury deliberated for a little more than 90 minutes before finding Stefan Lumiere guilty on all three counts related to inflating the price of bonds in the firm’s credit fund to hide losses from investors.

American Express Profit Falls 8.2% as Expenses Top Estimates

American Express Co., the largest U.S. credit-card issuer by purchases, said fourth-quarter profit fell 8.2 percent as expenses exceeded analysts’ estimates and the firm set aside more money to cover bad loans. Net income dropped to $825 million, or 88 cents a share, from $899 million, or 89 cents, a year earlier, the New York-based company said Thursday in a statement.

Naples Winter Wine Festival Set to Deliver Robust Rewards at Auction

One of the more lucrative charity wine events is the upcoming Naples Winter Wine Festival , whose mission is to help underprivileged and at-risk kids in Collier County, Fla. This year’s event is January 27 to 29 at The Ritz-Carlton Golf Resort in Naples, Fla, and the event is limited to 580 guests, with tickets starting at $10,000 per couple .