Markets
International Monetary Fund warns against China's growing credit system
It called on Beijing to take decisive remedial measures in order to gradually deflate the credit boom smoothly both to its, as well as the global economy's benefit. Household, corporate and government debt will increase to nearly 300% of gross domestic product by 2022 from 242% previous year, fund staff estimated. [Full Article...]
WPI inflation rises first time in 5 months to 1.88% in July
The June figure of 1.54 per cent was the lowest point in the new series of consumer price inflation data with 2012 base released by the government. The market is expecting no change in earnings data for June, if expectations for a rise in CPI to 2.7% is correct, then real income growth would be contracting at approx. [Full Article...]
United States stocks fall again on North Korea tensions
Analysts warned the softening dollar could test June's low of 108.82 yen and even the 2017 trough of 108.13 yen. Trading conditions changed drastically late in the USA trading session on geopolitical concerns involving North Korea. Geopolitical tensions are not the only thing analysts are looking for as a trigger for a selloff in a market that has not had a major pullback in 18 months. [Full Article...]
United Kingdom jobless rate hits lowest since 1975
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The figure was 338,000 higher than in the corresponding period a year ago and higher than analysts' expectations for an 97,000 gain. The Office for National Statistics said Wednesday the unemployment rate in the United Kingdom declined to 4.4% in the three months through June, from 4.5% in the previous three-month period, marking the lowest rate of joblessness since spring 1975. [Full Article...]
Sippican Capital Advisors Has $347000 Stake in Coca-Cola Company (The) (NYSE:KO)
The firm had revenue of $9.70 billion during the quarter, compared to analyst estimates of $9.62 billion. Quest Investment Management OR has an ownership of 121,346 company stock worth at $5,031,000 after scooping up an extra 641 shares through out the quarter. [Full Article...]
Instagram got a major update today with threaded comments
The new feature is now rolling out to iOS users and the desktop version of Instagram , while Android users can expect to see it within the next few weeks. Also, like Facebook, you will not be able to create a thread within a comment thread. Instagram comments will now be organized into threads, just as they are on parent company Facebook. [Full Article...]
YHB Investment Advisors Inc. Has $238000 Position in ON Semiconductor Corporation (ON)
Morgan Stanley lifted their price objective on ON Semiconductor Corporation from $16.00 to $17.00 and gave the stock an "equal weight" rating in a research note on Tuesday, August 8th. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link . The shares were sold at an average price of $14.01, for a total transaction of $89,453.... [Full Article...]
Shares, US dollar climb as N.Korea fears abate
The S&P 500 and Nasdaq followed the Dow , falling 1.5 percent and 2.1 percent, respectively. "There's not a great incentive to buy big", said Lerner of SunTrust Advisory. Australia's S&P/ASX 200 dropped 1.2 percent, while Japan was closed on a public holiday. The dollar was further weighed down on Friday by the soft USA inflation data. [Full Article...]