Markets
Litecoin creator says the upcoming fork is scam
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Litecoin is now trading at $157.06, some 0.12% lower than yesterday, so the incoming Litecoin Cash fork is yet to dent Litecoin's market cap or reputation. The ultimate reason for the upcoming fork is essentially to make the network faster and the processing of transactions much quicker. A fork occurs when a blockchain-the distributed ledger that keeps track of all transactions of a cryptocur... [Full Article...]
Express Scripts Holding (NASDAQ:ESRX) Sees Significant Decline in Short Interest
Chevy Chase Trust Holdings Inc. cut its stake in Express Scripts Holding (NASDAQ: ESRX ) by 2.6% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. Therefore 52% are positive. Express Scripts had 56 analyst reports since July 30, 2015 according to SRatingsIntel. Royal Bank of Canada set a $68.00 price objective on Express Scripts and gav... [Full Article...]
Apriem Advisors Cut Position in General Electric Co (GE) by $5.47 Million
Security Capital Research & Management Inc who had been investing in Cyrusone Inc for a number of months, seems to be less bullish one the $4.57B market cap company. Therefore 10% are positive. Portland General Electric Company (POR ) closed -12.07% below its 200-day moving average and is -9.55% below another chart threshold, its 50-day moving average. [Full Article...]
Top Performer of the day: Under Armour, Inc. (NYSE:UAA)
While talking about Performance of the Stock, Under Armour, Inc . now has a Weekly performance of 27.48%, monthly performance percentage is 10.45 percent, Quarterly performance is 33.39 percent, 6 months performance shows a percent value of -11.31% and Yearly Performance is -21.67 percent. [Full Article...]
India Asks Interpol To Help Arrest Jewellers Linked To Bank Fraud
The stock slumped to its 52-week low level of Rs 116.50 on NSE as well, down 3.07 percent over its previous close. As a multi-agency probe is underway in the $1.77 billion fraud perpetrated at state-owned Punjab National Bank, the corporate affairs ministry has identified 150 shell companies for investigation. [Full Article...]
Gun Stocks Rise Again In Aftermath of Florida School Shooting
An emotional Jimmy Kimmel unleashed a savage denunciation of Donald Trump's inaction on guns after playing the president's statement on the Parkland shooting , which did not mention guns once. He played excerpts from the USA president's speech in the aftermath of the Florida shooting, in which he promised to act on mental health. Marco Rubio and Florida Attorney General Pam Bondi. [Full Article...]
Analyst Activity - Barclays Reiterates Buy on Marathon Petroleum (NYSE:MPC)
After the giving short look at one day return of Marathon Petroleum Corporation it is observed that MPC reported rise return of 3.15% in last trading session. $2.31 million worth of Marathon Petroleum Corporation (NYSE: MPC ) was sold by Kelley Thomas M . 6,374 shares were sold by Nichols Rodney P., worth $413,864. [Full Article...]
Nirav Modi's PNB fraud case: Assets worth Rs. 5100 crore seized
Technically, the bank could have stopped payment - these were actually short term loans, called buyer's credit - at any time on the " letters of undertaking" ( LoUs ) that it and Modi had signed, allowing Modi to pick up raw diamond from sellers overseas. [Full Article...]