Markets
Recession Officially Over for Median Household Income
American household incomes rose strongly for the second straight year in 2016, as the long-running economic recovery generated broad gains in prosperity. It shows that programs like Social Security, the earned income tax credit and SNAP, or food stamps, do lift tens of millions of Americans out of poverty every year. [Full Article...]
What You Need to Know About the Tenet Healthcare Sale
The corporation has a market cap of US$1.77 Billion. It has underperformed by 1.96% the S&P500. Tudor Corporation Et Al has invested 0.01% of its portfolio in Tenet Healthcare Corp (NYSE:THC). During the same quarter previous year, the firm posted $0.38 earnings per share. The counter witnessed a trading volume of 3.58 million shares versus an average volume of 4.07 million shares during last ... [Full Article...]
Bitcoin falls further as Chinese exchange announces halt in trading
According to the Bitcoin Price Index, which offers an average of the various global platforms, the currency had plunged as low as $3,640 by Thursday evening after peaking at an all-time high of around $4,359 on Tuesday. "With an increasing number of participants in virtual currency trading, financial and social risks have accumulated to a level that can not be ignored", the organisation said in a ... [Full Article...]
John Lewis Partnership Posts 2.3% Sales Increase In First Half
Total sales at John Lewis increased by 2.2%, with 2.4% growth at Waitrose which the retailer said was a "solid performance in a hard market", noting that it increased customer numbers at both brands. A sharp fall in the value of sterling since last year's Brexit vote, combined with below-inflation pay increases, has also eaten into household budgets in Britain, forcing shoppers to tighten their be... [Full Article...]
Caymus Capital Partners LP Acquires 465600 Shares of Oasis Petroleum Inc. (OAS)
As of the end of the quarter William Blair Investment Management, LLC had bought a total of 278,669 shares growing its stake by 21.4%. Oasis Petroleum Inc . Oasis Petroleum Inc. (OAS)'s mean Altman Z-Score: 0.63 during the last 7 years. Oasis Petroleum (NYSE:OAS) last announced its quarterly earnings data on Wednesday, August 2nd. [Full Article...]
Hurricane Jose moving slowly as Category 1 storm
The hurricane "is expected to make a slow clockwise loop during the next 36 to 48 hours, moving west-northwestward by late Thursday", the NHC said . The National Hurricane Center recognizes this issue in its Wednesday morning forecasts for Jose, saying "there is a lot of uncertainty in the intensity forecast". [Full Article...]
Shares now up at $33.49 (STLD) Steel Dynamics Announces Settlement of…
Clients unloaded stocks of Steel Dynamics, (NASDAQ: STLD ) on strength through out intraday market trading hours on early Wednesday. It has outperformed by 27.69% the S&P500. Among 44 analysts covering Amazon.com ( NASDAQ:AMZN ), 40 have Buy rating, 0 Sell and 4 Hold. On September 7, 2017 Macquarie initiated coverage on STLD with an initial rating of "Neutral". [Full Article...]
Apple unveils iPhone X with Face ID, expands on retail revamp
In addition, the iPhone 8 and iPhone 8 Plus will all be available across most carriers, including Videotron, Fido, Koodo, Virgin and BellMTS. The truth is the new phone will likely be known as the iPhone X , and Apple may well struggle to persuade people to refer to it verbally as the " iPhone ten". [Full Article...]