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Finance

Three-month retail sales movements are generally seen as more reliable than a single month's data, which can be volatile, as June's big jump shows. Retail sales grew by 1% in the month of August according to the Office of National Statistics (ONS) with strong growth in clothes and non-essential items.
  • This Week: Housing starts, Fed meeting, CarMax earnings

    This Week: Housing starts, Fed meeting, CarMax earnings

    Finance

    Higher interest rates lead to higher bond yields and dampen demand for non-interest bearing gold . When U.S. interest rates rise, it causes gold to be relatively less attractive than bonds, leading to selling pressure on the metal. The Federal Reserve releases its Monetary Policy tomorrow. It would start with reductions of $10 billion a month - $6 billion in Treasurys and $4 billion in mortgage bonds - and raise the amount quarterly until it reached $50 billion a year later.
  • The Fed is getting ready for its 'biggest meeting of the year'

    The Fed is getting ready for its 'biggest meeting of the year'

    Finance

    After pushing the S&P above its 2,500-point milestone last week, investors were holding their fire as they awaited more clues on the timing of the next rate hike from Fed Chair Janet Yellen. S&P 500 e-minis were up 5.25 points, or 0.21 percent, with 92 contracts changing hands. The key outside markets on Tuesday morning see the USA dollar index weaker.
  • UK's May says will press Trump this week on Bombardier/Boeing spat

    UK's May says will press Trump this week on Bombardier/Boeing spat

    Finance

    Canadian Prime Minister Justin Trudeau has warned that his country "won't do business" with Boeing if the American airframer continues a trade complaint against Bombardier and its CSeries commercial aircraft. Boeing alleges that Bombardier has received federal and provincial government subsidies that give it an unfair advantage. The potential collapse of a multi-billion pound Bombardier aircraft deal to the U.S.
  • Bed Bath & Beyond shares tumble after worse-than-expected sales

    Bed Bath & Beyond shares tumble after worse-than-expected sales

    Finance

    Shares of Bed Bath & Beyond Inc. (NASDAQ: BBBY ) stock have an ABR of 3.33. It has underperformed by 33.04% the S&P500. Nine research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and two have given a buy rating to the company's stock.
  • Valeant Pharmaceuticals Interna (NYSE:VRX) Sees Significantly Lower Trading Volume

    Valeant Pharmaceuticals Interna (NYSE:VRX) Sees Significantly Lower Trading Volume

    Finance

    The stock decreased 0.50% or $0.07 on September 15, reaching $13.92. About 842,574 shares traded. Currently, the 14-day ADX for Valeant Pharmaceuticals International Inc ( VRX .TO) is sitting at 13.74. Valeant Pharmaceuticals International had a positive return on equity of 43.81% and a negative net margin of 22.17%. The stock last traded at $13.79 barely below the 50 day moving average of $14.30 and which is marginally higher than the 200 day moving average of $13.18.
  • Howard Hughes Medical Institute Sells 13164 Shares of Calpine Corporation (CPN)

    Finance

    Advisors Asset Management Inc. now owns 10,106 shares of the utilities provider's stock worth $112,000 after acquiring an additional 1,732 shares during the period. The rating was maintained by BMO Capital Markets on Monday, July 31 with "Outperform". BMO Capital Markets reissued a "buy" rating and set a $14.00 price objective on shares of Calpine Corporation in a research note on Friday, July 28th.
  • Stock Concentration on Nuveen Arizona Quality Municipal Income Fund (NAZ) Shares

    Finance

    Finding that balance to achieve long lasting portfolio health is generally what most investors attempt to accomplish when trading equities. It invests approximately 80% of its managed assets in municipal securities rated investment grade at the time of investment, or, if they are unrated, are judged by the manager to be of comparable quality.
  • Corporate America still using Equifax-like software even after hack

    Corporate America still using Equifax-like software even after hack

    Finance

    Which means lots of fun for new interim CIO Mark Rohrwasser and interim chief security officer Russ Ayres. Three Equifax executives - not the ones who are departing - sold shares worth a combined $1.8 million just a few days after the company discovered the breach, according to documents filed with securities regulators.
  • Caterpillar, Inc. (CAT) Sees 52-Week High

    Caterpillar, Inc. (CAT) Sees 52-Week High

    Finance

    The firm bought 5,465 shares of the industrial products company's stock, valued at approximately $587,000. Institutional investors now hold around $50.51 billion or 71.1% in CAT stock. Therefore 44% are positive. Denise C. Johnson, Group President reported the sale of 88,969 shares of CAT stock. The firm has "Sell" rating given on Thursday, September 24 by Axiom Capital.
  • Eldorado Gold Corporation (NYSE:EGO) Quarterly Analysis

    Eldorado Gold Corporation (NYSE:EGO) Quarterly Analysis

    Finance

    Van ECK Associates Corp owned 10.82% of Alamos Gold worth $232,229,000 at the end of the most recent quarter. Institutional ownership refers to the ownership stake in a company that is held by large financial organizations, pension funds or endowments.