Markets
President's travel ban to be replaced with country-specific restrictions
The eight restricted countries include five existing restricted countries- Iran , Libya, Yemen Syria , and Somalia . The restrictions range from an indefinite ban on visas for citizens of countries like Syria to more targeted restrictions. [Full Article...]
Quarterly Sales Analysis of Freeport-McMoran, Inc. (NYSE:FCX)
It has outperformed by 14.89% the S&P500. After $0.17 actual EPS reported by Freeport-McMoRan Inc for the previous quarter, Wall Street now forecasts 35.29% EPS growth. Of the 23 analysts surveyed by Reuters that track FCX 14 of them rate its stock a hold. The rating was maintained by RBC Capital Markets with "Sector Perform" on Tuesday, October 27. [Full Article...]
Uber's Dara Khosrowshahi Apologises To Londoners
Dara Khosrowshahi admits that Uber "got things wrong along the way". Uber responded by urging users in London to sign a petition that said the city authorities had "caved in to a small number of people who want to restrict consumer choice". [Full Article...]
Lenders underestimating consumer credit risk, Bank warns
Sterling has found its advanced slowed this morning as the BoE's Financial Policy Committee (FPC) warned that the United Kingdom could face a credit crisis should the economy turn. Consumer borrowing has reportedly increased by more than 10 per cent a year over the last few years and the household savings rate hit an all-time low at the beginning of this year, raising concerns about consumers' ab... [Full Article...]
PM Modi launches Saubhagya - Rs 16000-crore 'electricity for all' scheme
PM Modi announced the scheme after the BJP's National Executive meet on the birth anniversary of BJP ideologue Pt Deen Dayal Upadhyay. He said the connections will be delivered at the doorsteps of the rural poor and they will not have to go after government officials. [Full Article...]
Target increases minimum wage to $11 per hour
The Minneapolis-based retailer, which plans to start hiking minimum pay across its stores to $11 an hour in October, provided assurances that the move would not hurt its previously announced full-year and quarterly earnings forecasts. The Minneapolis-based retailer now operates 1,816 stores in the United States and employs over 300,000 people. Target workers earning minimum wage can expect to se... [Full Article...]
Encana Corporation (NYSE:ECA) Traded Well Above Its 50 Day Moving Average
Investors are feeling more bearish on Encana Corporation lately as implied by the motion in short interest. Recent session action on shares of DaVita Inc. The business had revenue of $1.08 billion for the quarter, compared to the consensus estimate of $773.19 million. The stock recorded a rise in short interest of 19.83% as of August 31, 2017 from the last reporting period. [Full Article...]
Gas prices on slow decline following Hurricane Harvey
AAA said Monday that gas prices are on a "steep slide", after reaching 3-year highs because of Harvey and Irma and their effects on Gulf Coast refineries and on demand for gasoline. AAA expects the downward price trend to continue for the foreseeable future. "Gas prices in the southeastern US should drop another 5-10 cents this week". [Full Article...]