U.S. stock index futures were slightly higher on Friday, a day after Wall Street hit record high on President Donald Trump’s promise to unveil a tax reform plan in the coming weeks. Trump called the tax plan as “phenomenal”, but offered no specifics other than citing the need to lower tax burden on businesses.
Month: February 2017
House Intelligence, Foreign Affairs Committee members hacked
Feb. 10, 2017 – 4:25 – London Center for Policy Senior Fellow LT. Col. Tony Shaffer on reports members of Congress were hacked by three IT staffers.
Trump’s tax plan a potential boon for corporate earnings?
Feb. 10, 2017 – 6:15 – S&P Global Senior Director Rich Peterson on the potential impact of President Trump’s tax plan on the markets and the state of earnings.
Market Recon: ‘Phenomenal’ Tax Cuts Promise Lights Fire Under Market
“There is no art which one government sooner learns of another than that of draining money from the pockets of the people.” — Adam Smith, The Wealth of Nations The dictionary defines anything phenomenal as “highly extraordinary, or exceptional”.
Europe’s Cement Makers Rise Following Report on U.S.-Mexico Wall Costs
Europe’s biggest cement makers were the top performing stocks in the region Friday following reports that a border wall between Mexico and the United States could cost $21 billion. Europe’s biggest construction groups and cement makers were among the top performing stocks in the region Friday following a report that suggests a border wall between Mexico and the United States could cost as much as $21 billion.
Stock Futures Point to Further Gains as Investors Hope for Tax Reform
Stock futures trade higher Friday as investors hope for U.S. tax reform following comments from Donald Trump on Thursday. S&P 500 futures rose 0.04%, Dow Jones Industrial Average futures increased 0.09%, and Nasdaq futures gained 0.08%.
What Would a Repeal of Dodd-Frank Mean to Consumers?
With the political atmosphere unsettled at best, much of the current talk centers on unraveling the Dodd-Frank Act. But what would such a move mean to you? With the political atmosphere unsettled at best, much of the current talk out of Washington, D.C. centers on unraveling the Dodd-Frank Act .
Trump’s Tweets Don’t Have Much Effect on Stock Market
Donald Trump’s tweet knocking Nordstrom coincided with the company’s stock’s best and most-traded day of the year. President Trump tweeted about two companies on Wednesday — one praising Intel , another knocking Nordstrom .
AAON Is a Stock With Room to Grow
AAON is a top stock in the heating, ventilation and air conditioning space. The reasons for this are not hard to see: It is debt-free, has a strong track record of improving sales and margins and is likely to continue growing because of its brand reputation and legacy customers.
Trump, Wall Street, Strive to Make Securities Fraud Great Again
A federal judge Wednesday ruled against opponents of the Department of Labor’s fiduciary rule. But the fight isn’t over.
Ryanair Seeks European Domination — With the Help of Its Rivals
Ryanair Holdings Plc is closing in on a series of agreements that could see the discount giant take control of an even bigger swathe of European short-haul travel. The Dublin-based company is seeking deals with carriers including Norwegian Air Shuttle ASA, Aer Lingus, Alitalia SpA and Deutsche Lufthansa AG under which its flights would help feed passengers onto their long-haul services.
Reckitt Benckiser to Acquire Mead Johnson in $18B Deal
Reckitt Benckiser has agreed to buy U.S. infant formula maker Mead Johnson Nutrition for $16.6 billion, marking its first step into baby formula, it said on Friday.
Nikkei at 2-Week High on U.S. Tax Cut Hope
Japan’s Nikkei share average soared on Friday to a two-week high, following Wall Street’s lead after U.S. President Donald Trump said he would make a major tax announcement in a few weeks. The Nikkei gained 2.5 percent to 19,378.93, its highest closing level since Jan. 27. For the week, the index added 2.4 percent, the biggest weekly gain since early December.
Reckitt Benckiser to Buy Mead Johnson For $16.6 Billion
Reckitt Benckiser said Friday that it has reached an agreement to buy Mead Johnson for an enterprise value of $17.9 billion. Reckitt Benckiser plc said Friday that it has reached an agreement to buy Mead Johnson for an enterprise value of $17.9 billion.
Hungary’s Korda Studios Launches New Film Financing Service
The filmmaking complex near Budapest where ‘Bladerunner 2049’ and ‘The ‘Martian’ were filmed is to offer ‘financial, legal and tax advice’ to productions. Hungarian filmmaking complex Korda Studios is launching a new subsidiary, Korda Finance, to offer media finance, sales and distribution services to productions shooting in the southeastern European country and region.
The European Shooting Stars project director shares her take on the film festival.
Karin Dix is a Berlin regular as project director for European Film Promotion, she organizes the annual Shooting Stars event, now in its 20th year, that brings the best in young European talent to Berlin. Get organized, make a schedule, remember people you know and give them a call and take enough business cards .
The 2017 Fusion Sport: Smooth move, Ford. Very smooth.
Despite its slightly weightier, more powerful engine, the V-6 Sport still feels light, tight and easy to manage on the road, Warren Brown writes. Cars become popular when their designers think about everybody, particularly when they elevate the idea of “family sedan” to the rank of automotive primacy.
How Low Can You Go? Deposit Rates Hit 0.00% at Japan’s Banks
The average rate that Mitsubishi UFJ Financial Group Inc. and Mizuho Financial Group Inc.’s main banking units pay depositors fell to 0.00 percent for the first time in the nine months ended December, from 0.03 percent a year earlier, their latest earnings statements show. The numbers aren’t exactly zero: the banks round the figures to two decimal places by simply cutting the third digit.
Rpt: Trump Border ‘Wall’ to Cost $21.6B, Take 3.5 Years to Build
President Donald Trump’s “wall” along the U.S.-Mexico border would be a series of fences and walls that would cost as much as $21.6 billion, and take more than three years to construct, based on a U.S. Department of Homeland Security internal report seen by Reuters on Thursday. The report’s estimated price-tag is much higher than a $12-billion figure cited by Trump in his campaign and estimates as high as $15 billion from Republican House Speaker Paul Ryan and Senate Majority Leader Mitch McConnell.
Rpt: Morgan Stanley Exploring Move to Manhattan’s West Side
Morgan Stanley is exploring a move to Hudson Yards, the vast development site on Manhattan’s West Side, The Wall Street Journal reported, citing people familiar with the matter. The bank is considering purchasing the remaining 2 million square feet at 50 Hudson Yards, the planned tower where money manager BlackRock is also expected to move its headquarters, the Journal said.
Rpt: Kushner Family in Talks to Buy Miami Marlins
The Kushner family, relatives of President Donald Trump through son-in-law Jared Kushner, is in talks to buy the Miami Marlins baseball team, media said on Thursday. Forbes magazine initially reported that the Marlins, owned by art dealer Jeffrey Loria, had a “handshake agreement” to sell the team to a New York real estate developer, in a deal valued at $1.6 billion.
European Stocks Called Higher as Markets Prep for Trump Tax Reform
European stocks are expected to open firmly higher Friday as global equity markets rally in anticipation of major tax reform from U.S. President Donald Trump. European stocks are expected to open firmly higher Friday as global equity markets rally in anticipation of major tax reform from U.S. President Donald Trump.
Berlin: eOne Sells Hit Canadian Series ‘Cardinal’ Across Europe
Billy Campbell and Karine Vanasse star in the crime drama, based on the John Cardinal novels by writer Giles Blunt. Entertainment One has closed multiple deals across Europe for the Canadian TV series Cardinal , with the BBC picking up the hit crime drama for the U.K. eOne also closed deals for Cardinal with C More in Scandinavia and Calle 13 in Spain.
Can China Save the Struggling European Art House?
As the global market for specialty titles shrinks, Euro producers are increasingly eyeing access to the Middle Kingdom. Says one insider: “It will be the biggest market anywhere.”
Berlin: Download THR’s Day 2 Daily
A look at Europe’s take on China’s art house sector, exclusive news of Mike Myers’ new movie and a chat with Oren Moverman on his “Trumpian” new movie. The Hollywood Reporter has released its second Berlin International Film Festival daily issue, which includes a look at how Europe is targeting China’s art house sector, exclusive news of Mike Myers’ new movie and a chat with Oren Moverman on his “Trumpian” new movie.
‘That idiot’: Rodrigo Duterte responds to former Colombian…
During a speech at an event celebrating the 115th anniversary of the founding of the Philippine Bureau of Customs, President Rodrigo Duterte gave a customarily blunt response to an op-ed written by former Colombian President Cesar Gaviria. Gaviria, who presided over the hunt for and killing of Pablo Escobar , cautioned against deploying armed police and troops to fight the drug trade and called for more efforts to address the social factors related to drug use in a New York Times op-ed titled ” President Duterte is repeating my mistakes .”
Oil Prices Stable on Strong Chinese Imports
Oil prices were stable on Friday, supported by strong Chinese crude imports and OPEC-led production cuts, although ample U.S. fuel inventories weighed on the market. Brent crude futures, the international benchmark for oil prices, were trading at $55.68 per barrel at 0427 GMT, up 5 cents from their previous close.
Asian Stocks Rise on China Trade, Trump’s Tax Cut Talk
Asian shares rallied to an 18-month peak on Friday, as investors cheered upbeat Chinese trade data and strong gains on Wall Street after U.S. President Donald Trump promised to unveil a major tax announcement to lower the burden on businesses. China’s January exports rose 7.9 percent from a year earlier, while imports jumped 16.7 percent, beating expectations, preliminary data showed, getting the economy off to a strong start in 2017.
Trump’s choice: The importance of being Ajit Pai
The new chief of America’s Federal Communications Commission is not a fan of net neutrality. So what’s his vision of communications and digital policy in these times? We find out… IMAGE: Ajit Pai at a Federal Communications Commission Net Neutrality hearing in Washington in February 2015.
Xiaomi Goes All-In On Retail to Revive China Smartphone Sales
After pioneering online flash sales in China to reach the top of the smartphone market, Xiaomi Corp. is turning to old-fashioned retail to arrest its slide. The phonemaker will roll out a chain of about 1,000 brick-and-mortar stores under the Mi Home banner over the next three years, as co-founder Lei Jun mimics a strategy that’s helped the Oppo and Vivo brands leapfrog Xiaomi to the top of China’s smartphone market.
China Banks Caught in Deleveraging Pinch Forced to Absorb Costs
Caught between policy makers’ intensifying efforts to raise short-term borrowing costs, and benchmark interest rates that haven’t moved since 2015, Chinese lenders have few options but to absorb much of the higher costs. The gap between the three-month Shanghai Interbank Offered Rate and the one-year lending rate has narrowed to 17 basis points, the least since July 2011.
Trapped China Cash Breathes Life Into Hong Kong Yuan Banking
Banks in Hong Kong are finding a new source of revenue in helping multinational companies deal with a growing headache: how to cope with tightening restrictions on transferring profits and dividends out of China. As Beijing clamped down on outflows that threatened to destabilize its currency, companies are suddenly turning to lenders in Hong Kong to hedge their currency risks, bolster the yield on money trapped inside China and for new loans, according to bankers and analysts.
Yelp, Inc. Ends the Year Strong
And in contrast to last quarter’s post-earnings pop after another big beat , shares are down more than 9% in after-hours trading as of this writing as investors mulled lighter-than-expected revenue guidance from the local business-review specialist. Let’s take a closer look, then, at what Yelp had to say, and what investors can expect going forward.
Despite Generous Capital Returns, Apple Inc. Still Has More Cash Than Ever Before
In this segment from Industry Focus: Tech , Motley Fool analyst Dylan Lewis and senior technology specialist Evan Niu discuss Apple’s cash position and financial structure. 10 stocks we like better than Apple When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen.
Trump’s Tax Plans, China Letter Elevate Futures, Asia
Futures for U.S. markets were clearly positive late Thursday as investors cheered a President Trump promise to unveil tax reform in no more than three weeks. The S&P 500 added 0.07% and the Dow Jones Industrial Average and Nasdaq 0.1% at 9:05 p.m. EST.
Software, Cloud Gains Lift NCR
Now, NCR assists its customers with the hardware, software, and services that they need in order to accept all sorts of different kinds of payments. Coming into Thursday’s fourth-quarter financial report, NCR investors were looking for modest gains in sales that would produce double-digit percentage earnings growth.
Jawbone Is Reportedly Pivoting to Clinical Wearables — Here’s Everything We Know
Jawbone’s story has been a long and twisted one. The company that rose to fame with its Bluetooth speakers and Up fitness bands has since fallen from grace.
How Hasbro Has Changed in the Last 5 Years
The S&P 500 index was up less than half that amount, rising 70% over the past half decade. Yet as much as Hasbro has changed over the past few years, it remains — at heart — the same company it was back then.
2 Reasons Twitter’s Engagement Gains Don’t Impress Investors
Twitter once tried to downplay the concern by adding in ” SMS Fast Followers ,” users predominantly located in emerging markets that exclusively accessed the service via SMS text messages, although the company could not monetize these users in any meaningful fashion. Fortunately, Twitter stopped measuring SMS Fast Followers, presumably because it realized that it was a useless metric to begin with.
Why Mobileye N.V. Stock Jumped 13% Last Month
The self-driving car specialist benefited from a deal with BMW and Intel in the beginning of the month and later jumped on an analyst upgrade. Mobileye stock jumped out of the gate to start the new year, gaining 8% on Jan. 3 after announcing the deal with BMW and Intel.