Business


Dow surges past 24000-mark for first time in history Dow surges past 24000-mark for first time in history
- November 30, 2017

Traders work on the floor at the New York Stock Exchange on November 22, 2017. The Nasdaq has climbed 30 percent since the presidential election. A 401 (k) investor with $100,000 invested in the Dow at the start of the year now has an estimated account balance of $121,000. (more...)
Amazon Says Cyber Monday Was Its Biggest Shopping Day Ever Amazon Says Cyber Monday Was Its Biggest Shopping Day Ever
- November 30, 2017

Amazon has announced Cyber Monday 2017 was the company's "single biggest shopping day ever", eclipsing Prime Day 2017. "The ring-fence that Amazon has built around its Prime customer base has significantly benefited the company in a fiercely competitive Cyber Monday pricing environment with much more competitive prices from Walmart in particular seen across inventory during the day", Ives wrote. (more...)
American Airlines doesn't have enough pilots scheduled for holiday travel American Airlines doesn't have enough pilots scheduled for holiday travel
- November 30, 2017

In September, Irish low-priced carrier Ryanair said it would cancel more 20,000 flights between November and March after admitting it "messed up" the transition to a new system for scheduling employee vacations. Dennis Tajer, a spokesman for the APA, said: Basically there's a crisis at American for manning the cockpits. The airline was seeking late-December pilot staffing at a number of its hubs, according to a scheduling memo sent by American to its pilots in the wake of the glitch. (more...)
India's GDP growth surges to 6.3% in September quarter India's GDP growth surges to 6.3% in September quarter
- November 30, 2017

Gross Domestic Product grew by 6.3 percent between July and September, after sinking to a three-year low in the quarter previously. Analysts polled by Reuters had forecast annual growth of 6.4 percent in the quarter. The bounce back in economy was widely expected as there were clear signs of the businesses coming out of the slowdown caused by demonetisation and the roll out of GST . (more...)
Equity indices close on subdued note on F&O expiry day (Second Lead) Equity indices close on subdued note on F&O expiry day (Second Lead)
- November 30, 2017

India's fiscal deficit stood at Rs 5.25 lakh crore during April-October of 2017-18, crossing 96 percent of the budget estimate due to lower revenue realization and rise in expenditure, according to data compiled by the Controller General of Accounts (CGA). (more...)
Govt aims to follow fiscal glide path, says finance minister Arun Jaitley Govt aims to follow fiscal glide path, says finance minister Arun Jaitley
- November 30, 2017

To a question on why measuring the scale of unemployment in the country was hard, the finance minister said: "Unlike in developed countries, bulk of India's employment is generated by the informal sector, SMEs and self-employment". He said 60 lakh crore rupees have been spent on infrastructure in last decades and the sector needs another 50 lakh crore rupees in next five years. (more...)
Dash cam video shows OH officer accidentally stun fellow officer Dash cam video shows OH officer accidentally stun fellow officer
- November 30, 2017

A police officer in OH accidentally tasered his partner while the pair attempted to arrest a suspect. A video recorded on police bodycam in OH on Thanksgiving, November 23, shows a U.S. A auto check by police in the U.S. state of OH did not go quite as expected when one of the officers accidentally tasered his partner during a heated altercation with a man who refused to provide his ID. (more...)
Crude oil futures decline on overseas leads Crude oil futures decline on overseas leads
- November 30, 2017

Oil prices have rallied by 40 percent since the middle of the year, supported by a deal between the Organization of the Petroleum Exporting Countries (OPEC) and other major exporters, such as Russian Federation, to reduce crude oil production by 1.8 million barrels per day (bpd). (more...)
State Police reports 10 fatalities during holiday weekend State Police reports 10 fatalities during holiday weekend
- November 30, 2017

Police also issued 15,912 speeding citations, 172 child seat citations and 1,125 seat belt citations. "The increase in fatal crashes throughout this year is troubling and should be of serious concern to all Virginians", said Colonel W. The total represents an increase of 5.4% compared to the 931 crashes investigated during the Thanksgiving holiday driving period in 2016. If you were on the roads this past holiday weekend you probably noticed quite a few Michigan State Police troopers and ... (more...)
Yellen Says Fed Will Continue Path of Gradual Rate Increases Yellen Says Fed Will Continue Path of Gradual Rate Increases
- November 29, 2017

Jerome Powell , Trump's nominee to replace her. Fed officials have done little to push back against market expectations of an increase in the Fed's benchmark federal-funds rate at its December 12-13 meeting. In what is likely her final address Wednesday on Capitol Hill as head of the central bank, Yellen gave mostly positive reviews to economic performance. (more...)
Thousands of American Airlines Holiday Flights Don't Have Pilots: Union Thousands of American Airlines Holiday Flights Don't Have Pilots: Union
- November 29, 2017

A glitch in the scheduling system that allows employees to request time off based on seniority was responsible for the shortage of pilots for flights from December 17-31, Reuters reported. The Allied Pilots Association is arguing that the proposed solution violates its labor contract. "This is certainly not routine", an APA spokesperson told Bloomberg News. (more...)
WeWork buying Meetup, a social network that connects hobbyists WeWork buying Meetup, a social network that connects hobbyists
- November 29, 2017

An early pioneer in the space, it has suffered since at the hands of larger social media services such as Facebook and its Groups feature. During the internal meeting, he reportedly said the acquisition will allow Meetup to expand to twice its current size. (more...)
BuzzFeed Lays Off 100 as It Shifts Business Strategy BuzzFeed Lays Off 100 as It Shifts Business Strategy
- November 29, 2017

The Wall Street Journal , which was first to report the miss, said it was expected to fall 15 percent to 20 percent below its revenue target (paywall ). While spending on digital advertising is still growing, competition for those dollars is increasing. Although many media reporters have compared the digital media fallout to that of the dotcom bust of 2001, there are significant differences. (more...)
TfL may take over suburban rail lines TfL may take over suburban rail lines
- November 29, 2017

Chris Grayling said he wants to identify which routes would boost the economy, encourage house building and ease overcrowding. Thousands of stations and hundreds of branch lines were closed between 1964 and 1970 in the wake of a report by Dr Richard Beeching, then chairman of British Railways. (more...)
Nasdaq is set to launch bitcoin futures Nasdaq is set to launch bitcoin futures
- November 29, 2017

Bitcoin, the red-hot cryptocurrency, soared to over $11,000 on Wednesday. The information was provided to The Wall Street Journal during an interview conducted with the firm, where they confirmed that they will allow investors to predict Bitcoin prices up to 3 months in advance, giving built-in protection to limit losses if there should be a volatile swing in price above $15,000 or below $5,000. (more...)
Stocks inside Traders Spotlight: Hanesbrands Inc. (HBI), The Walt Disney Company (DIS) Stocks inside Traders Spotlight: Hanesbrands Inc. (HBI), The Walt Disney Company (DIS)
- November 29, 2017

The stock has a market cap of 156.33 Billion. Janus Henderson Group PLC now owns 5,410,942 shares of the entertainment giant's stock worth $574,907,000 after acquiring an additional 4,885,398 shares in the last quarter. Kessler Invest Gru Lc invested 0.02% of its portfolio in The Walt Disney Company (:DIS). Ifc Holdg Inc Fl stated it has 17,720 shares or 0.14% of all its holdings. (more...)
Croatia's economy climbs 3.3 percent year-on-year Croatia's economy climbs 3.3 percent year-on-year
- November 29, 2017

It puts Croatia's economy on course to expand 2.96 percent in the first nine months of 2017 compared with the same period past year. Gross domestic product grew at a 3.3 percent annualized rate in the July through September period, an increase from the previous estimate of three percent. (more...)
Chipotle's embattled CEO is the latest victim of its food-safety nightmare Chipotle's embattled CEO is the latest victim of its food-safety nightmare
- November 29, 2017

The search committee at Chipotle tasked with finding a new CEO includes director Robin Hickenlooper, departing CEO Steve Ells and Pershing Square's Ali Namvar. He said the move will help him focus on bringing innovation to Chipotle's sourcing and food preparation and that Chipotle could capitalize on opportunities, including in menu innovation, delivery, catering, and domestic and worldwide expansion. (more...)
CIBC Raises Royal Bank of Canada (RY) Price Target to C$113.00 CIBC Raises Royal Bank of Canada (RY) Price Target to C$113.00
- November 29, 2017

Royal Bank Of Canada had a net margin of 22.98% and a return on equity of 16.63%. Equities research analysts anticipate that Royal Bank of Canada will post $5.41 EPS for the current fiscal year. Proficio Capital Partners LLC lifted its position in shares of Royal Bank Of Canada by 1.2% in the second quarter. TD Securities maintained Royal Bank of Canada (TSE:RY) on Monday, February 27 with "Buy" rating. (more...)
Facebook using AI to expunge terror posts even before they are flagged Facebook using AI to expunge terror posts even before they are flagged
- November 29, 2017

In addition to contacting first responders when the situation warrants it, many of Facebook's suicide prevention features have focused on making resources available to the poster and encouraging friends who report a post to reach out. Facebook has rolled out an artificial intelligence-powered suicide prevention program globally, as part of the social network's ongoing efforts to build a safe community for its users. (more...)
Lincoln Nautilus is a renamed MKX with facial surgery Lincoln Nautilus is a renamed MKX with facial surgery
- November 29, 2017

Nautilus is offered with available Ultra Comfort seats that have 22 different adjustments along with lumbar massage to reduce fatigue. Now Lincoln is slowly but surely bringing back cool model names back into its line-up in an attempt to relive some of the glory days, when the brand ruled the roads with cars such as the Zephyr, the Cosmopolitan, and, er, the Versailles... (more...)
London Stock Exchange boss Xavier Rolet to step down 'with immediate effect' London Stock Exchange boss Xavier Rolet to step down 'with immediate effect'
- November 29, 2017

David Warren, the LSE group's finance director, will take on the additional role of interim chief executive until a successor to Rolet is found. The fund requested a general meeting to seek the removal of Brydon as chairman and retain Rolet as CEO. (more...)
Automation, robots and artificial intelligence will bring a bigger shift than industrialisation Automation, robots and artificial intelligence will bring a bigger shift than industrialisation
- November 29, 2017

The reason, according to the economic think tank McKinsey Global Institute, is the cost of automation is cheaper and workers' wages are high in developed countries. In the U.S., 39 million to 73 million jobs could be destroyed, but about 20 million of those displaced workers could be easily shifted into similar occupations, though they may take on slightly different tasks, according to the report. (more...)
Insider BURKE RICHARD T sold 10000 Shares Of UnitedHealth Group Incorporated (UNH) Insider BURKE RICHARD T sold 10000 Shares Of UnitedHealth Group Incorporated (UNH)
- November 29, 2017

Essex Financial Services Inc. now owns 8,846 shares of the healthcare conglomerate's stock valued at $1,640,000 after purchasing an additional 967 shares during the period. Ltd. now owns 640 shares of the healthcare conglomerate's stock valued at $119,000 after acquiring an additional 520 shares in the last quarter. Facebook Inc (NASDAQ:FB) was raised too. (more...)
GFS Advisors LLC Sells 3950 Shares of AbbVie Inc. (NYSE:ABBV)
- November 29, 2017

AbbVie Inc . has a 12-month low of $58.75 and a 12-month high of $98.26. Vanguard Group Inc. now owns 115,920,673 shares of the company's stock valued at $8,405,409,000 after acquiring an additional 3,706,941 shares during the last quarter. (more...)