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 …
Read More »Monthly Archives: February 2018
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 …
Read More »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 …
Read More »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 …
Read More »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, …
Read More »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 …
Read More »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 …
Read More »“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 …
Read More »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 …
Read More »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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