Markets

Inverse VIX ETN Shuts Down

Inverse VIX ETN Shuts Down The gauge of USA stocks volatility known as VIX, which tracks the volatility implied by options on the S&P 500 , recorded its biggest one-day surge in more than two years as investors rushed to buy derivative products to protect against a further slide in stock prices. [Full Article...]

CORRECTED - Snap's user growth, revenue beat analyst expectations, shares soar

CORRECTED - Snap's user growth, revenue beat analyst expectations, shares soar Snap generated some $285.69 million in revenue during the quarter ending December 31, compared to $165.68 million during the same quarter a year before. But the company's bet on Spectacles has been expensive, costing the company $40 million last quarter for "excess inventory". That sounds solid, but remember: Before the IPO, many close to the company expected Snap to be a $1 billion revenue bus... [Full Article...]

Best Buy To Pull CDs From Its Stores, According To Report

Best Buy To Pull CDs From Its Stores, According To Report With the help of retail giants like Best Buy and Target , CD sales were exploding. Best Buy isn't the only retailer looking to change their CD market, as Target is also looking to begin steps to reorganize their sale structure for music as well as blu-ray and DVDs. [Full Article...]

Cristiano Ronaldo key for Real Madrid against Paris Saint-Germain: David Beckham

Cristiano Ronaldo key for Real Madrid against Paris Saint-Germain: David Beckham Most UEFA club competition goals ✅. "The little difference between them is that Messi, with the ball, one on one, or even against two, is hard to stop", he added. The five-time World Champion topped the group comfortably while losing just once during the qualification. Indeed, 2018 will be the first year that Neymar take a shot at the Ballon d'Or without Messi by his side. [Full Article...]

Markets recover some losses; Sensex down 407 points

Markets recover some losses; Sensex down 407 points Asian markets followed the trend with Tokyo diving more than 5 per cent, Hong Kong 4 per cent and Sydney 3 per cent, Singapore 2.3 per cent, Seoul 3 per cent, Taipei 3.7 per cent, and Shanghai 2.1 per cent. Nifty 50 fell 261.70 points, or 2.45 percent, to 10,404.85. At 12.26 pm, BSE Sensex was 1011 points down at 33746 while Nifty was 304 points down at 10,362. [Full Article...]

Dow plunges 666 points; worst day since Brexit

Dow plunges 666 points; worst day since Brexit The CBOE Volatility Index.VIX, the most widely followed barometer of expected near-term volatility for the S&P 500 Index rose more than four points to 17.86, its highest since November 2016. Since stocks began climbing during the depths of the Great Recession in 2009, their rise has been supported by some of the lowest global interest rates seen since World War II. [Full Article...]

Amit Shah 'dials' Chandrababu Naidu, requests him to not take tough decision

Amit Shah 'dials' Chandrababu Naidu, requests him to not take tough decision The hardline Maharashtrian party had announced two weeks ago that it would contest the next Assembly and General elections alone, though it has not yet quit the NDA. TDP is presently an ally of BJP in the NDA government. Meanwhile, TDP chief Chandrababu Naidu is learnt to have made a decision to take stock of the daily developments and to interact with his MPs twice a day, even during his schedu... [Full Article...]

USA orders Wells Fargo to halt expansion over 'abuses'

USA orders Wells Fargo to halt expansion over 'abuses' Incoming Fed chief Jerome Powell has worked closely with Yellen and embraces her view that keeping rates on a slow upward path will allow unemployment to fall further, coaxing workers back into the labor force and fostering stronger wage growth. [Full Article...]

Tech companies lead stocks sharply lower in early trading

The Dow suffered its worst drop in more than a year and a half Friday as U.S. stocks plunged on disappointing earnings from big companies and worries about higher interest rates. The S&P 500 dropped almost 60 points, or 2.1 percent, and the Nasdaq Composite slid almost 145 points, or 2 percent. With half of the S&P 500 index companies still to report fourth-quarter results and potentially gi... [Full Article...]

Emerging market YouTube app extends to 115 more countries

Emerging market YouTube app extends to 115 more countries Ultimately, this cuts the consumption of any more cellular data. Aside from getting connected to YouTube regardless of your connectivity status, YouTube Go lets you have more control over your data usage if you are trying to save up on your monthly plan. [Full Article...]

Deutsche Bank, UBS, HSBC and 6 individuals charged over 'spoofing' metals prices

Deutsche Bank, UBS, HSBC and 6 individuals charged over 'spoofing' metals prices Also facing federal charges is Andre Flotron, 53, a Swiss national now living in Wayne, N.J. and a former commodities trader at the Stamford office of UBS. "Conduct like this poses significant risk of eroding confidence in US markets and creates an uneven playing field for legitimate traders and investors", acting assistant attorney general John P. [Full Article...]

Harley-Davidson shipments disappoint, shares drop

Harley-Davidson shipments disappoint, shares drop In related news, Director Jochen Zeitz sold 1,859 shares of the firm's stock in a transaction that occurred on Wednesday, November 1st. Harley-Davidson, Inc. Therefore 24% are positive. Commerzbank Aktiengesellschaft FI raised its position in shares of Harley-Davidson by 0.7% during the fourth quarter. The sales growth rate for a stock is a measure of how the stock's sales per share (SPS) has grow... [Full Article...]

Facebook should shut down Messenger Kids, child advocates say

Facebook should shut down Messenger Kids, child advocates say Steyer, the founder and CEO of Common Sense Media, one of the 19 groups that co-signed Tuesday's letter , told HuffPost. "Social media use by teens is linked to significantly higher rates of depression , and adolescents who spend an hour a day chatting on social networks report less satisfaction with almost every aspect of their lives", the letter states, citing multiple studies. [Full Article...]

Some Lawmakers Give Away Donations From Former RNC Leader Steve Wynn

Some Lawmakers Give Away Donations From Former RNC Leader Steve Wynn Wynn denied all allegations in a statement , saying: "The idea that I ever assaulted any woman is preposterous". According to data released by Twitter, Kesha's performance was the most tweeted of the night, followed by Camila Cabello's introduction of U2. [Full Article...]

Instagram Fitness Star Speaks Out After Getting Kicked Off American Airlines Flight

Instagram Fitness Star Speaks Out After Getting Kicked Off American Airlines Flight As well as Selter and her sister, a male passenger who was sitting in front of them and who can be heard accusing the flight attendant of harassment was also booted off the plane. "I just want to be clear that we were on the plane at the gate for 2 plus hours because of a MECHANICAL issue which had nothing to do with me", she wrote. [Full Article...]

The FBI And The Nunes Memo

The FBI And The Nunes Memo The moves to curb Nunes by the Democrats as well as by Boyd, a Trump administration appointee, came during sharply escalating partisan conflict over the Russian Federation investigation. An FBI spokesman told CNN on Sunday that the agency "has requested to receive a copy of the memo in order to evaluate the information and take appropriate steps if necessary" and "to date, the request has ... [Full Article...]

Bombardier Gets Surprise Win After US Rebuffs Boeing Trade Case

Bombardier Gets Surprise Win After US Rebuffs Boeing Trade Case The unanimous vote by the U.S. International Trade Commission (USITC) to strike down tariffs on Bombardier's C-Series is a major victory for Bombardier workers and the Canadian aerospace industry as a whole. "This decision should be viewed as limited to an extraordinary set of facts", said Dan Ujczo, a trade attorney with Dickinson Wright. The financials group, which accounts for more than one... [Full Article...]

Nutella 'riots' spread across France as shoppers go nuts

Nutella 'riots' spread across France as shoppers go nuts An employee at one store in Forbach, near the border with Germany, likened the scenes to an orgy, telling Le Monde newspaper that shoppers had broken items in their rush for the treat. "People just rushed in, shoving everyone, breaking things". Many videos posted online on Thursday and Friday showed the chaos caused by the special-offer price of 1.41 euros for a 950-gram pot, rather than the usu... [Full Article...]

SpaceX performs thunderous test-fire of its massive Falcon Heavy rocket

SpaceX performs thunderous test-fire of its massive Falcon Heavy rocket In a Washington, D.C., speech last July the Tesla founder which said Falcon Heavy is one of the most hard and technically complex projects SpaceX has ever undertaken. That seemed extremely boring, ' Musk said in December. Musk founded SpaceX in 2002, with the aim of reducing space transportation costs and enabling the colonisation of Mars. [Full Article...]

Ann Curry Says She Was 'Not Surprised' By Allegations Against Matt Lauer

Ann Curry Says She Was 'Not Surprised' By Allegations Against Matt Lauer ABC News's Juju Chang added on GMA that Curry told her she was "not surprised" by the allegations leveled against Lauer , which include a number of accusations of workplace sexual harassment and assault during his time at NBC . Matt Lauer and Ann Curry in 2012. "I do know that it hurt like hell". Finally, NBC spiked its own reporters bombshell report , the one responsible thi... [Full Article...]


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