Business


Walgreens Boots Alliance, Inc. (WBA) Walgreens Boots Alliance, Inc. (WBA)
- July 01, 2018

On Wednesday, Snap Inc . "In what has become the norm for Walgreens' print, there are a ton of moving parts", Evercore analyst Ross Muken said in a client note, adding that the USA business missed estimates as Walgreens lost market share in the Medicare Part D space. (more...)
Expect large crowds at the airport on Friday Expect large crowds at the airport on Friday
- June 30, 2018

The TSA is tightening in on laptops and other electronics. "Some of the busiest days of the summer are expected to be the days leading up to and immediately after major holidays such as July 4th and Labor Day, but most summer days will seem like holiday time with the increase in passengers expected throughout the summer", the TSA said. (more...)
Toyota says Kentucky-made Camry price could increase $1,800 with Trump tariffs Toyota says Kentucky-made Camry price could increase $1,800 with Trump tariffs
- June 30, 2018

According to a readout of the call provided by the Prime Minister's Office, Trudeau began the conversation by expressing his condolences for the victims of the mass shooting at an Annapolis, Maryland, newspaper before going on to talk about trade. (more...)
Bed Bath & Beyond is slipping as its struggles continue (BBBY) Bed Bath & Beyond is slipping as its struggles continue (BBBY)
- June 30, 2018

On Wednesday June 27, Shares of Bed Bath & Beyond Inc. Revenues of $2.8 billion were more or less in line with expectations. The stock is now showing YTD performance of -11.73 Percent. Analysts use common formulas and ratios to accomplish this. According to Wilder, any number above 70 should be considered overbought and any number below 30 should be considered oversold. (more...)
Shaw Communications posts loss on Corus investment charge Shaw Communications posts loss on Corus investment charge
- June 30, 2018

Shaw Business revenue climbed 6 percent to CAD 141 million. On the other hand, Shaw's Freedom Mobile division added 54,200 new wireless customers on contracts in the quarter . More than one-third of Freedom's customers now use Apple devices after the company struck a deal with the US giant to sell the iPhone directly to customers last fall, and subscribers with expensive smartphones tend to spend more money on data plans. (more...)
Crude oil futures up 0.83% on positive cues in Asia Crude oil futures up 0.83% on positive cues in Asia
- June 30, 2018

Both contracts pared gains in post-settlement trade. August West Texas Intermediate crude rallied by $2.45, or 3.6%, to settle at $70.53 a barrel on the New York Mercantile Exchange. Kilduff theorized that Trump's plan is to crush the Iranian regime after 40 years of inconsequential USA pressure - something several Middle Eastern nations, most notably Saudi Arabia , would presumably applaud. (more...)
Oil jumps as market anticipates US sanctions on Iran
- June 30, 2018

Saudi Arabia , meanwhile, is planning to pump as much as 11 million barrels per day (bpd) of oil this month, about 1 million more than it is producing now, an industry source told Reuters this week. That's about 24 percent higher than a year ago. In North America, an outage at Canada's Syncrude has locked in more than 300,000 bpd of production, and operator Suncor Energy ( SU.TO ) said it will probably last at least through July. (more...)
Trump Asks Saudi Arabia to Increase Oil Production
- June 30, 2018

The world's top oil exporter plans to pump as much as 11 million barrels of oil per day (bpd) in July, an oil industry source told Reuters this week, after OPEC agreed with Russian Federation and other oil producers to raise output by about 1 million bpd. (more...)
Trump tariff would make the Toyota Camry $1,800 more expensive to build Trump tariff would make the Toyota Camry $1,800 more expensive to build
- June 30, 2018

Despite being made in America, costs would rise as it uses a number of imported parts, just like virtually every other model produced in the United States. " They are not a national security threat ". "In short, NAFTA, and trade more generally, have strengthened the global competitiveness of the US automotive industry, enabling USA -built vehicles to compete with vehicles built anywhere in the world", the group wrote. (more...)
IAG expands new airline Level into short-haul routes IAG expands new airline Level into short-haul routes
- June 30, 2018

On July 17th, flights to Palma, Majorca and London Gatwick will be launched. Note the aircraft pictured is that used on Level's current long-haul services. International Consolidated Airlines Group's (LON: IAG ) new low-priced airline Level will expand into short-haul routes, the British Airways and Iberia parent has said. (more...)
CO2 shortage halts crumpet production at Warburtons CO2 shortage halts crumpet production at Warburtons
- June 30, 2018

Bakers Warburton's, the country's largest crumpet producer, have halted production at two of their four plants, while supplies of the gas are running low at the other sites. "There is a serious concern that consumers may face a limited choice of food and drink on supermarket shelves if a normal supply of Carbon dioxide is not restored as quickly as possible", he said. (more...)
Adidas Warns Millions of U.S Adidas Warns Millions of U.S
- June 30, 2018

Adidas has warned millions of USA customers of a potential data breach. Adidas on Thursday disclosed that some USA customers who purchased items on its website may have had their personal information exposed in a data breach, weeks after sports apparel rival Under Armour experienced a similar event. (more...)
Photo of Geoffrey the Giraffe leaving Toys Photo of Geoffrey the Giraffe leaving Toys "R" Us store goes viral
- June 30, 2018

There's no more Toys "R" Us kids'. After more than 60 years in business, the industry giant is the latest casualty in the ongoing demise of brick-and-mortar retail stores as more and more shoppers turn to online retailers and big-box stores like Walmart and Target that offer one-stop shopping destinations. (more...)
Delta passenger kicked off flight over argument about phone's Delta passenger kicked off flight over argument about phone's "airplane mode"
- June 30, 2018

Rodgers purportedly showed the flight attendant her phone in airplane mode, but not before the attendant rushed to the front to announce that the plane was returning to the gate. Several passengers were removed from a SkyWest Airlines flight on Wednesday. Some commenters suggested the interaction might have been racially motivated. (more...)
Trump Wants to Leave WTO Trump Wants to Leave WTO
- June 30, 2018

The source added that Trump has frequently told advisers, "We always get f-ked by them [the WTO]". President TrumpDonald John TrumpCanadian prime minister commemorates victims of Maryland newspaper shooting Trump suggested to Macron that France should leave the European Union: report Maryland newspaper writer in emotional interview: "We need more than prayers" MORE on Friday said he is not considering pulling out of the World Trade Organization (WTO), despite his frustration with the ... (more...)
Mazda Protests Trump's Tariffs on Behalf of 32000 Americans
- June 30, 2018

General Motors warned in a filing Friday with the U.S. Commerce Department that the threat of auto tariffs "risks undermining GM's competitiveness against foreign auto producers" by driving up the cost of imported components and raises the risk that GM will face retaliation in other countries. (more...)
Carmakers say US tariffs will cost hundreds of thousands of jobs Carmakers say US tariffs will cost hundreds of thousands of jobs
- June 29, 2018

The group questioned national security as grounds to restrict auto imports. Ford imports the Fiesta from Cuautitlán, Mexico . "We are finishing our study of Tariffs on cars from the E.U.in that they have long taken advantage of the U.S.in the form of Trade Barriers and Tariffs". (more...)
US Tesla Model 3 customers asked for $2500 confirmation deposit US Tesla Model 3 customers asked for $2500 confirmation deposit
- June 29, 2018

Now, reports the Detroit News , all U.S. and Canada customers have been invited to pay the deposit and configure their cars. Tesla is now in one of those make-or-break years, a time that will be represented in the eventual Musk biopic by tense music overtop of slow images of downwards-trending graphs. (more...)
U.S. core PCE price index hits 2 percent; spending slows
- June 29, 2018

Inflation is pushing higher in part because of a tightening labor market, which is characterized by a 3.8 percent unemployment rate. Consumer prices as measured by the personal consumption expenditures (PCE) price index rose 0.2 percent after a similar gain in April, the Commerce Department said on Friday. (more...)
Canada strikes back at US over tariffs, unveils aid package Canada strikes back at US over tariffs, unveils aid package
- June 29, 2018

Last week, U.S. Commerce Secretary Wilbur Ross expressed concerns about the world's overproduction and overcapacity of steel, saying the U.S. tariffs against Canada and other allies are created to force them into action. products. In 2017, about $14 billion of steel was traded between Canada and the United States. Last month, the US government announced that the United States would slap tariffs of 25 per cent on Canadian steel and 10 per cent on Canadian aluminum effective June 1 after the ... (more...)
Chevrolet Volt upgraded with faster charging Chevrolet Volt upgraded with faster charging
- June 29, 2018

The move, which matches the charging rate of Chevy's Bolt on Level 2, will give the Volt a full 53 mile EV charge in 2.3 hours according to Chevy. The auto will also sound its horn when you're filling the tires and the desired pressure has been reached. (more...)
UK house price growth falls to five year low of 2% UK house price growth falls to five year low of 2%
- June 29, 2018

In the second quarter, house prices in London stood at £468,845 on average - a 1.9% annual fall. British house prices rose at their slowest annual rate in five years this month and look set to remain subdued due to modest economic growth and squeezed household budgets, mortgage lender Nationwide said on Wednesday. (more...)
Crude Oil Prices Rally But Cycles Suggest Correction Crude Oil Prices Rally But Cycles Suggest Correction
- June 29, 2018

EThad first reported on June 15 that India was mulling seeking U.S. exemptions on Iran sanctions , and considering paying for Iranian oil in rupee using a banking channel that had no exposure to the USA after State Bank of India told refiners it wouldn't support payment to Iran from November 4. (more...)
Antipodes Central Banks Won't Issue Official Cryptocurrencies Anytime Soon Antipodes Central Banks Won't Issue Official Cryptocurrencies Anytime Soon
- June 29, 2018

Tony Richards who is the head of the Reserve Bank of Australia was speaking during the Australian Business Economics in Sydney where he appeared hawkish on digital currencies even though the Australian government has set aside some money for blockchain research. (more...)
Beer rationing begins after carbon dioxide crisis hits Europe Beer rationing begins after carbon dioxide crisis hits Europe
- June 29, 2018

The country's largest wholesaler Booker said it was limiting sales to 10 cases of beer and five cases of cider and soft drinks per customer per day to prevent "sub-wholesaling". "However, recently we've had some trouble obtaining dry ice from our suppliers due to a European shortage of CO2". Wetherspoons spokesman, Eddie Gershon said Heineken had been in contact due to their "issues with Carbon dioxide and that is likely to affect the supply and availability of certain beers and ciders". (more...)

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