Markets
Trump economic adviser Cohn says he'll stay put
Trump has toured the country in recent weeks boosting a tax proposal that is sparse on details. The GOP plan includes a reduction in the corporate tax rate to 20 percent from 35 percent, a consolidation in the personal income tax brackets to three from seven, and a sharp increase in the standard deduction. [Full Article...]
USA economic growth revised up again
The U.S. economic growth in the second quarter was revised upward to 3.1 percent from 3 percent previously estimated, according to the latest revision of U.S. However, few details were given with the plan about how the cuts in taxes would be paid for without an increase of the budget deficit and the country's national debt. [Full Article...]
3 questions on President Trump's tax plan
Brent, the global benchmark oil price, fell as far as $57.83 a barrel, having hit $59.49 on Tuesday. The 10-year TransAtlantic yield gap between USA and German debt widened to 185 basis points however, which was its widest since early July. [Full Article...]
FTSE 100 preview: Muted start ahead after Fed Chair comments
New Zealand's benchmark S&P/NZX 50 index rose 0.095 percent, or 7.48 points to 7,894.66, shrugging off an inconclusive election result and coalition wrangling for now to reach a record high. On Wednesday, the euro was down 0.5 percent at $1.1734 while the pound fell 0.5 percent to $1.3396. US POLITICS WATCH: Traders are also watching political developments in Washington where House Republicans... [Full Article...]
Conagra Brands Inc (CAG) Shares Needle Moving -0.93%
On average, analysts predict that ConAgra Foods will post $1.86 EPS for the current fiscal year. Other large investors also recently modified their holdings of the company. This dividend amount will represent a yield of $2.56. All else equal, CAG's higher growth rate would imply a greater potential for capital appreciation. [Full Article...]
Roku prices IPO at $14, valuing company at $1.3 billion
According to an SEC filing , the company plans to start trading 15.7 million shares on Thursday, pricing them at $12-$14 on the NASDAQ. Earlier reports suggested that the company had been targeting a $1 billion market cap . Tech IPOs have hit something of a lull but as Business Insider reports, " Roku's revenue is growing fast as cord-cutters and other consumers snap up its devices, the che... [Full Article...]
Tracking Shares of Rite Aid Corp (RAD) — Market Focus
It has underperformed by 71.88% the S&P500. The company's beta value is at 1.82. The company reported ($0.01) earnings per share for the quarter, meeting the consensus estimate of ($0.01), Bloomberg Earnings reports. GA ADV increased its position in Rite Aid Corporation by 31.1% in the 2nd quarter. Hbk Investments Limited Partnership has 1.14 million shares. One analyst has rated the stock w... [Full Article...]
BlackBerry Gains 7% As Q2 Results, Outlook Impress
That compared with a year-earlier loss of 71 cents per basic share, or US$372 million in total. The consensus estimates for BlackBerry FQ2 2018 earnings were breakeven on $221.18 million in revenue. BlackBerry Technology Solutions revenue was flat at $38 million, while Licensing, IP and other revenue rose to $56 million from $16 million a year ago. [Full Article...]