Markets
Oil prices rise ahead of OPEC meeting
Prices rose 23 cents to $63.55 on Thursday. WTI crude is being supported by the closure of the 590,000-barrel-per-day (bpd) Keystone pipeline following a spill last week. Recent OPEC/non-OPEC oil pact chatter had it that Saudi Arabia was pushing for an announcement of the cuts extension next week in Vienna, while Russian Federation was more hesitant about telling the market on November 30 how ... [Full Article...]
Cordray to resign from United States consumer agency Friday, names replacement
Donald Trump has named his Office of Management and Budget Director Mick Mulvaney the acting head of the Consumer Finance Protection Bureau in what's bound to be a major showdown over the agency's future. Thaya Brook Knight, associate director of financial-regulation studies at the libertarian Cato Institute, said Friday's announcement complicates the Trump administration's efforts to replace C... [Full Article...]
Toronto shoppers rise early in search of Black Friday discounts
And that's backed up by the scenes outside shops today as Britain's Black Friday "frenzy" didn't exactly pan out as retailers hoped. Here is a brief video showing how the Tracker App works . All the twenty two days saw an average of $ 1 billion in online spend by consumers. People gather at the Broadway entrance of Macy's Herald Square store ahead of early opening for the Black Friday sal... [Full Article...]
Amazon boss Jeff Bezos makes record $100bn
The shares are up more than 58 percent this year, consequently boosting Bezos's wealth with it. That stake alone is worth more than $93.5 billion as of Friday's closing price of $1,186 a share. The company's perceived ability to disrupt industries from entertainment to groceries to traditional retail once prompted media mogul John Malone to refer to Amazon as the "Death Star". [Full Article...]
Stores: Black Friday crowds bigger on Thanksgiving Day
That means, for the first time, Thanksgiving shoppers are spending more time online shopping on their phones than on their computers. The first Black Friday sales popped up this past Sunday and then the main event began on Thanksgiving Day, as has been the case for the past few years. [Full Article...]
German Amazon workers stage Black Friday strike
Ver.di union spokesman Thomas Voss said some 2,500 workers were on strike at Amazon facilities in Bad Hersfeld, Leipzig, Rheinberg, Werne, Graben and Koblenz in a stoppage timed to coincide with " Black Friday ". In a statement to Italian media, Amazon said it remained focused on sticking to the promised delivery times for purchases, and urged workers to "share their questions and concerns directl... [Full Article...]
MGM Resorts International (MGM) Receives "Outperform" Rating from Telsey Advisory Group
The stock increased 0.31% or $0.1 on November 22, reaching $33.45. MGM Resorts International (NYSE: MGM ), is in the industry Resorts & Casinos. It has outperformed by 28.58% the S&P500. The price to earnings ratio for MGM Resorts International (NYSE: MGM ) is 31.493511. They now have a $36.00 price target on the stock, up from their prior price target of $32.00. [Full Article...]
LaFleur & Godfrey LLC Increases Holdings in Cisco Systems, Inc. (NASDAQ:CSCO)
Cisco Systems, Inc. (NASDAQ: CSCO ) has risen 13.20% since November 24, 2016 and is uptrending. It has underperformed by 3.50% the S&P500. Minneapolis Portfolio Management Group Llc decreased its stake in Cisco Sys Inc ( CSCO ) by 9.31% based on its latest 2017Q2 regulatory filing with the SEC. [Full Article...]