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Monthly Archives: February 2018

Food group Danone eyes further sales and profit growth for 2018

Andrey Rudakov | Bloomberg | Getty Images Cartons of strawberry yogurt pass along a conveyor belt before packaging at the Group Danone in Russia dairy production plant Food group Danone said on Friday it would focus on accelerating sales growth this year and deliver a further rise in profits, thanks …

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Australian government fractures as deputy prime minister calls Turnbull ‘inept’

William West | AFP | Getty Images Australia’s Deputy Prime Minister Barnaby Joyce (R) looks at Prime Minister Malcolm Turnbull (L) addressing a press conference in Sydney on July 5, 2016. A major rift opened up in Australia’s coalition government on Friday as Deputy Prime Minister Barnaby Joyce refused to …

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Lunar New Year holiday travel spending

Andrea Pattaro | AFP | Getty Images A tourist snaps a selfie with the Bridge of Sighs in the background, on January 19, 2018 in Venice. China is entering week-long Lunar New Year holiday and 6.5 million travelers are expected to be spending that break overseas, splashing billions of dollars …

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Bitcoin recovering $10,000 could bring in new buyers

In a sentiment-driven market like bitcoin, key price levels such as $10,000 appear to attract new buyers and help the price. Bitcoin climbed back above $10,000 Thursday for the first time in two weeks. The cryptocurrency had lost two-thirds of its value in a rapid plunge from a record high …

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U.S. regulator warns of ‘pump-and-dump’ cryptocurrency frauds

The U.S. Commodity Futures Trading Commission (CFTC) joined other regulators sounding the alarm on “pump-and-dump” cryptocurrency investing schemes. “Customers should not purchase virtual currencies, digital coins, or tokens based on social media tips or sudden price spikes,” the CFTC wrote in a statement Thursday. “Thoroughly research virtual currencies, digital coins, …

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Senate blocks DACA immigration plans

Getty Images Immigration activists take part in a National Day of Action for a Dream Act Now protest on February 7, 2018 in Washington D.C. A coalition of activists came from across the U.S. to demonstrate for a ‘Clean Dream Act’ to be passed in Congress as part of spending …

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FANG gets its bite back – but there’s one name that could sit out the rally

FANG stocks are getting their bite back, but there’s one name that sat out the rally on Thursday – Facebook. While shares of Amazon, Netflix and Alphabet were sharply in the green Thursday afternoon, Facebook shares were struggling to stay afloat. TradingAnalysis.com founder Todd Gordon says the technical setup for …

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“Pathetic” copycats will face maximum charges

Gaston de Cardenas | AFP | Getty Images Scott Israel (L), Sheriff of Broward County, and Florida Governor Rick Scott speak to the media as they visit Marjory Stoneman Douglas High School following a shooting that killed 17 people on February 14, 2018 in Parkland, Florida. “Copycat” threats were made …

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Wall Street eyes gold as inflation stirs, futures near multi-year highs

Spot gold held at $1,352.36 an ounce Thursday afternoon, a day after it climbed 1.6 percent in its largest one-day gain since May 2017, while U.S. gold futures traded at $1,355 an ounce, within $30 of a nearly four-year high. The iShares Gold Trust exchange-traded fund jumped 1.5 percent after …

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BMO’s yield strategy to help you sleep at night as stock market churns

After a year of relative calm, volatility is back. Stocks are recovering from last week’s correction but while markets reconcile with higher rates and rising inflation, BMO Capital markets says it has a strategy to help you sleep at night. Stocks that consistently grow their dividend, including Johnson & Johnson, …

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