In trading on Wednesday, oil & gas exploration & production shares were relative laggards, down on the day by about 2.5%. Helping drag down the group were shares of Bonanza Creek Energy, off about 12.2% and shares of Petroquest Energy down about 11.6% on the day.
Category: Business News
Wednesday Sector Leaders: Drugs, Computer Peripherals
In trading on Wednesday, drugs shares were relative leaders, up on the day by about 2.1%. Leading the group were shares of Global Blood Therapeutics, up about 23.1% and shares of Bellicum Pharmaceuticals up about 15.5% on the day.
Instacart, Now $400 Million Richer, Tries to Be Thrifty
Apoorva Mehta is thinking a lot about bottle deposits. Recycling fees vary by state and container size, but until recently, Mehta’s online grocery delivery startup Instacart Inc. hadn’t paid much attention to what it was charging customers purchasing soda or beer.
Samsung to Shift Some Production of Home Appliances to U.S.
Samsung Electronics Co. is in preliminary talks to expand its manufacturing operations in the U.S. with a new facility for home appliances.
Dow Analyst Moves: GE
The latest tally of analyst opinions from the major brokerage houses shows that among the 30 stocks making up the Dow Jones Industrial Average, General Electric is the #10 analyst pick.
S&P 500 Analyst Moves: ORLY
The latest tally of analyst opinions from the major brokerage houses shows that among the components of the S&P 500 index, O’Reilly Automotive is now the #99 analyst pick, moving up by 1 spot.
Inmarsat Rises After Winning IAG In-Flight Web Access Deal
Inmarsat Plc, the U.K. satellite operator, rose the most in four months after finalizing a contract with British Airways owner IAG SA to provide in-flight internet access on over 300 planes. The order strengthens Inmarsat’s joint push with Deutsche Telekom AG to provide web access on aircraft using satellites and the German phone company’s towers.
Analysts’ Actions — Chevron, ConocoPhillips, Urban, Crown Castle and More
Here are Wednesday’s top research calls, including upgrades for Crown Castle and ConocoPhillips, and a downgrade for Urban Outfitters. Earnings estimates were raised for Chevron.
Fiat Chrysler Continues to Seek Approval to Sell Diesel Models in U.S.
Fiat Chrysler will continue to seek U.S. approval to sell its 2017 diesel models in the U.S. even after the EPA and California Air Resources Board accused the company of illegally using software to mask the diesel output from 104,000 of its trucks and SUVs.
Britain’s Budget Watchdog Lifts Growth Forecast For U.K. Economy
Britain’s Office for Budget Responsibility has lifted its 2017 economic growth estimate as the country continues to outperform most of its peers as it prepares to exit the European Union. Britain’s Office for Budget Responsibility has lifted its 2017 economic growth estimate and says real wages are likely to rise throughout its forecast period as the country continues to outperform most of its peers as it prepares to exit the European Union.
China Pressures North Korea to Stop Missile Tests
China is looking to cool tensions on the Korean peninsula by asking North Korea to stop firing ballistic missiles and the U.S. to cease joint military exercises with South Korea.
Nintendo Sells 330,000 Switch Consoles in Japan in 3 Days
Nintendo’s ( NTDOY ) new gaming console Switch has sold 330,637 units in its first three days of availability in Japan. Nintendo’s newest console, the Switch, has become a hit with reviewers and consumers alike. Here’s what you need to know before you buy one.
Express Stock Drops Premarket on Weak Guidance
Express shares were down 10% premarket after the men’s and women’s apparel retailer guided for a first quarter net loss of 4 cents per share vs. consensus estimates of a profit of 15 cents per share. For the fourth quarter, the company matched Wall Street’s bottom line expectations of 29 cents per share while revenue of $678.8 million topped analysts’ guidance.
6 Stocks Trending Up With Big Volume
Professional traders running mutual funds and hedge funds don’t just look at a stock’s price moves, they track big changes in volume activity . Often, when above-average volume moves into a stock, it precedes a large spike in volatility.
Netflix’s Reality TV Push Shows That Its Horizons Keep Expanding
This column originally appeared on March 7 on Real Money, our premium site for active traders. Click here to get great columns like this.
Stock Futures Slide Ahead of a Reading on U.S. Labor Market
Stock futures move lower on Wednesday morning ahead of a reading on the U.S. labor market out before the bell. S&P 500 futures were down 0.06%, Dow Jones Industrial Average futures slid 0.06%, and Nasdaq futures dropped 0.05%.
How a Bull Market Everyone Doubted Has Survived for Eight Years
Eight years ago, new president Barack Obama had inherited a mess. Since then, stocks have seen their second-longest bull market on record.
Rev’s Forum: Market Showing Signs of Worry
“When you know that something’s going to happen, you’ll start trying to see signs of its approach in just about everything. Always try to remember that most of the things that happen in this world aren’t signs.
Despite ECB Taper Chatter, Europe Is a Good Place for Investors
Tomorrow’s European Central Bank monetary policy meeting will receive much more attention than usual. For the first time in a long while, ECB President Mario Draghi will find himself in the position of defending the central bank’s actions in the face of rising inflation.
Cramer: You Have to Distinguish Worrisome From Catastrophic
“Five warning signs… Here are the canaries in the coal mines…Here’s what to watch for…These are the signals…” I don’t mean to be too cynical, but I have written or read these stories literally tens of thousands of times since I bought my first stock in 1979….674 more words left in this article. To read them, just click below and try Real Money.
The battle for online privacy: What you need to know – CNET
CNET explains everything you need to know about the latest political battle over how your digital data should be protected. There’s a new Federal Communications Commission chairman in town.
U.S. Senate resolution aims to let ISPs share your private data without permission
A resolution introduced in the U.S. Senate on Tuesday aims to roll back privacy rules for broadband service providers that were approved by the Federal Communications Commission in October. The rules include the requirement that internet service providers like Comcast, AT&T, and Verizon should obtain “opt-in” consent from consumers to use and share sensitive personal information such as geolocation and web browsing history, and also give customers the option to opt out from the sharing of non-sensitive information such as email addresses or service tier information.
Bert Habets to Replace Anke Schaferkordt as Co-CEO of RTL Group
She will continue as CEO of the company’s largest business unit, Mediengruppe RTL Deutschland, and a member of the executive board of RTL’s majority shareholder Bertelsmann. Bertelsmann-controlled European TV giant RTL Group said Wednesday that co-CEO Anke Scheferkordt, will leave her current role at her own request, effective April 19. Schaferkordt will continue to be the CEO of the company’s largest business unit, Mediengruppe RTL Deutschland, which she has led since September 2005.
Business Rx: She wants to be a force for good, and much more
This week, a D.C. company that has developed a way to donate money across social networks seeks advice on how to extend into new markets. -Dan Beyers Dale Nirvani Pfeifer spends a lot of time thinking about the power of business as a global force for good.
Ensuring Digital Access for All in 2017
Chairman Ajit Pai and the Federal Communications Commission recently made a big decision: to put an end to investigations into what is known as “free data” or “zero-rating” programs. Though the announcement was met with scorn from some online activists, the announcement was a historic milestone for those of us who have been committed to ensuring all Americans-especially, those in low-income and minority communities-have the critical internet-based tools and resources they need to compete in today’s world.
What you need to know when you inherit a house
My son was left everything by his grandparents in their will. A lawyer had an auction company out to the grandparents’ home without my son’s knowledge.
Strongest Japan Loan Growth Since Bubble Shows Reflation at Work
It’s shaping up to be another good year for lending in Japan, data showed on Wednesday, offering further evidence that — for all its shortfalls — the Abenomics program of reflation continues to make progress. One measure of loans outstanding jumped by 2.9 percent in February from a year before, and has gained at least 2 percent each month since the spring of 2013 — a pace not seen in Bank of Japan records going back to 1992, the year Japan’s land-price bubble popped.
North Korean Banks Barred From Swift Global Messaging System
North Korean banks subject to international sanctions have recently been banned by Swift from using its global financial messaging service, according to a statement from the Belgium-based Society for Worldwide Interbank Financial Telecommunication. Swift said it had recently been informed by Belgian authorities that they would no longer provide the “necessary authorizations” for it to continue offering services to North Korean banks covered by United Nations sanctions.
Emirates Invites Barflies to Pull Up a Seat With A380 Makeover
Flying bars that cater to premium passengers on the world’s biggest fleet of A380 superjumbos are set for a saloon-style upgrade as Gulf carrier Emirates seeks to use the sky-high hangouts to lure affluent travelers. Out will go the semicircular benches on which passengers have perched since Emirates introduced the on-board lounges almost a decade ago, to be replaced by an altogether more comfortable setup featuring a table for four located either side of the counter and below the superjumbo’s windows.
European Stocks Set For Cautious Start; U.K. Budget in Focus
European stocks are expected to start the session with a cautious tone Wednesday as investors await a key budget statement from the U.K. government. European stocks are expected to start the session with a cautious tone Wednesday as investors await a key budget statement from the U.K. government.
WhiteSpace Alliance Predicts United States will Rapidly Move Forward with TV White Space Deployments
The WhiteSpace Alliance , a global industry organization enabling sharing of underutilized spectrum, says that completion of the recent FCC spectrum incentive auction will make the United States a prime market for TV white space deployments. “The completion of the incentive auction will remove regulatory uncertainty and free up more than 80 MHz of spectrum for license-exempt wireless Internet access,” said Dr. Apurva N. Mody, Chairman of WhiteSpace Alliance.
Nikkei Falls For 4th Day Ahead of U.S. Jobs Data
Japan’s Nikkei share average eased slightly for the fourth consecutive session on Wednesday, as investors turned cautious ahead of a U.S. jobs report later in the week. Nintendo Co Ltd however bucked the trend to climb 0.6 percent after Japanese video game news magazine Famitsu reported that a hybrid home console and handheld device that Nintendo released on March 3 sold an estimated 330,637 units in the first three days.
China Shares Dip as Trade Data Shrugged Off
News that China unexpectedly posted a rare trade deficit in February, as imports surged far more than expected, did not have an impact on mainland exchanges. The CSI300 index fell 0.1 percent, to 3,449.45 points at the close, while the Shanghai Composite Index was barely changed at 3,241.18.
US Senate resolution aims to roll back privacy rules for ISPs
A resolution introduced in the U.S. Senate on Tuesday aims to roll back privacy rules for broadband service providers that were approved by the Federal Communications Commission in October. The rules include the requirement that internet service providers like Comcast, AT&T, and Verizon should obtain “opt-in” consent from consumers to use and share sensitive personal information such as geolocation and web browsing history, and also give customers the option to opt out from the sharing of non-sensitive information such as email addresses or service tier information.
WikiLeaks Adds to Samsung Headaches With Claims of Spying TVs
For a company that has been mired in negative headlines for months, just about the last thing Samsung Electronics Co. needed was news its smart TVs could be used to spy on users.
`There’s No Guy?’ Why Women Now Rule Banking in Thailand
As one of four presidents at Thailand’s biggest lender, Kasikornbank Pcl, Kattiya Indaravijaya often conducts interviews for senior positions. The job candidates are impressive.
Adidas Misses Full-Year Earnings But Sounds Upbeat Note for 2017
Adidas posted weaker-than-expected full-year earnings Wednesday but boosted 2017 sales targets and vowed to maintain the sportswear group’s focus on the U.S. market. Adidas AG posted weaker-than-expected full-year earnings Wednesday but boosted 2017 sales targets and vowed to maintain the sportswear group’s focus on the U.S. market.
Sheriff Clarke: The Opioid Epidemic is More Than a Border Issue
Milwaukee County Sheriff David Clarke believes that President Trump’s administration understands the seriousness of the opioid epidemic and also sealing up the southern border. “a they [Congress] are going to have to seal that damm border for domestic security issues, national security issues, the heroin, the drug cartels operating freely across the border is a domestic security issuea it doesn’t matter how many people you deport, they are going to find their way back in,” he told the FOX Business Network’s Lou Dobbs.
Study: Women Prefer Paid Jobs to Housework and Men Agree
Most women around the world would prefer to be working at paid jobs, and nearly as many men agree with them, even in regions with traditionally fewer women in the workforce, according to research released on Tuesday. Only a third of women and men would prefer to see women stay at home, said the report by the U.N. International Labour Organization and U.S. polling organization Gallup Inc. Half of the world’s working age women participate in the labor market, compared with three-quarters of men, the ILO said.
Crude Falls on Expected Supply Build
Oil futures fell in Asian trade on Wednesday after industry data pointed to a potential ninth straight week of inventory builds, renewing concerns about an oversupply of oil despite output curbs by OPEC and non-OPEC members. Brent futures fell 29 cents, or 0.5 percent, to $55.63 as of 0504 GMT after settling down 0.2 percent in the previous session.