Markets
Conservative Republicans will back funding bill to avert government shutdown
Hoping to garner more votes, Republicans added language providing six years of financing for the children's health program and delaying some taxes imposed by President Barack Obama's health care law. The House planned to vote Thursday night, and the Senate could act shortly thereafter. The GOP-controlled House passed a $81 billion measure in December but the Senate never took it up after D... [Full Article...]
Dow Jones breaks through 26000 but ends lower January 16
Daniel Weiner, chief executive of Adviser Investments, put some context into the climb, noting that the Dow is so rich that 1,000-point gains are a smaller percentage than they were earlier in the bull. In the USA, bank Morgan Stanley said its earnings fell 59 percent in the fourth quarter as it booked $990 million in charges related to the new tax law. [Full Article...]
General Motors Company (GM), Gerdau SA (GGB)
General Electric (NYSE:GE)'s share price hit a new 52-week low on Thursday. The stock decreased 3.23% or $0.56 during the last trading session, reaching $16.79. Nippon Life Communication reported 51,799 shares. Engineers Gate Manager Limited Partnership holds 0.03% or 14,938 shares. Eam Investors Ltd Co has invested 0.1% in Hardinge Inc. [Full Article...]
Bitcoin drops below $10K after three days of cryptocurrency correction
Although Bitcoin is now above $10,000 on both Coinbase and Bittrex, Bittrex is willing to halt trading altogether during slumps like these even though the exchange has not yet been made final. "We've heard reports that South Korea, China and Japan have considered a shared approach, a path, to regulation", ETX's Wilson said . That could make any recovery a more gradual process than pri... [Full Article...]
HCL Q3 Net profit Marginally up at Rs 2075 crore
Shares of HDFC Bank were trading 0.63 per cent up at Rs 1944 post the quarterly nummers, whereas benchmark BSE Sensex was trading 124 points, or 0.35 per cent, up at 35,384 at around 12.05 pm (IST). Gross bad loans as a percentage of total loans stood at 2.31% at end-December, compared with 2.47% in the previous quarter and 2.42% in the same period a year ago. [Full Article...]
Caterpillar Inc. (CAT), GoPro, Inc. (GPRO) — Recommendation Trends Analysis
It has outperformed by 30.83% the S&P500. Independent Advisor Alliance reduced its stake in Caterpillar Inc. A number of equities analysts recently weighed in on the company. Quadrant Capital Group LLC now owns 1,339 shares of the industrial products company's stock valued at $102,000 after purchasing an additional 128 shares during the period. [Full Article...]
Revenue Estimates Analysis The Bank of New York Mellon Corporation (BK)
The stock of The Bank of New York Mellon Corporation (NYSE:BK) earned "Buy" rating by Argus Research on Tuesday, July 21. Morgan Stanley upped their price objective on shares of Bank Of New York Mellon from $55.00 to $60.00 and gave the company an "equal weight" rating in a research report on Friday, October 20th. [Full Article...]
Twitter rubbishes claims that employees read users' Direct Messages
Earlier this week, Project Veritas , which produces undercover sting operations that purportedly expose liberal biases at media companies and other organizations, posted footage that appeared to show Twitter engineers claiming that teams of employees look at users' private data. [Full Article...]