Markets
Gold falls further as higher yields prop up dollar
The dollar rose to a six-day high against a basket of major currencies on Tuesday, extending a rebound from a three-year low last week, helped by rising U.S. The greenback remained supported against other major currencies despite sustained USA deficit worries. "A quicker and steeper slope of interest rate normalisation offers the most prominent near-term threat to gold prices as this outcome wil... [Full Article...]
Walmart Earnings: Walmart Inc Stock Sinks on Q4 Miss
The Ami Investment Management Inc holds 39,121 shares with $3.06M value, down from 45,196 last quarter. Walmart Stores Inc now has $278.79B valuation. WALTON JIM C also sold $37.94 million worth of Walmart Inc . Bernstein has "Mkt Perform" rating and $75.0 target. The stock has "Neutral" rating by Citigroup on Friday, May 20. [Full Article...]
Walmart's Online Sales Come Under Pressure
Asda, Walmart's United Kingdom supermarket, reported a 0.5% rise in like-for-like sales - its third consecutive quarter of sales growth. At Walmart's Sam's Clubs, same-store sales rose 2.4 percent in the fourth quarter. The company estimated its tax rate would be between 24 per cent to 26 per cent in the current fiscal year after the new tax law reduced the corporate tax rate to as low... [Full Article...]
Research Report For Wynn Resorts Ltd. (WYNN)
The stock increased 2.01% or $0.89 during the last trading session, reaching $45.1. About 3.45M shares traded. It has outperformed by 20.93% the S&P500. Universal Entertainment Corporation reportedly additionally used its Friday filing to assert that it is continuing to seek "invalidation of the redemption" along with the "return of its shares of Wynn Resorts [Limited] stock". [Full Article...]
NZ's a2 Milk links up with Fonterra for supply, distribution
A2 Milk Co shares jumped 25 percent, making the milk marketing firm New Zealand's biggest listed company on a deal that will give it backing from Fonterra Cooperative Group. "Today's announcement is great news for both The a2 Milk Company and Fonterra". "We continue to see a strong future for dairy, based on our existing range of products, including recent additions such as organic, low-lacto... [Full Article...]
Lloyds share price rises as lender unveils £1bn buyback plans
The announcement was accompanied by full year results for the bank which showed statutory profit before tax of £5.3 billion, up 24% year-on-year. The news came as the bank, which returned to full private ownership a year ago, updated investors on its performance and unveiled plans to invest £3 billion in a digital push. [Full Article...]
Zee group to set investment of Rs 18750 crore
Later, Prime Minister Narendra Modi inaugurated the Nivesh Mitra portal where the industrialists would get all information about their investments and projects. 'Can there be a competition between Uttar Pradesh and Maharashtra to achieve the target of trillion dollar economy, first?, he asked. The Prime Minister in fact referred to his visit to the Maharashtra summit saying the western India... [Full Article...]
Hundreds of KFC outlets in United Kingdom closed amid chicken shortage
In a light-hearted statement on its website informing consumers about the problems, it said: " The chicken crossed the road, just not to our restaurants ". The company said that of those outlets that were still open, many were offering a limited menu or had cut their hours. While some fried chicken fans have been left upset and frustrated about the stores closures, some KFC workers are anxious... [Full Article...]