Markets and Economy
Investing In Marijuana: Cannabis Industry Gets $1.2B In January, Matching Deals For All Of 2016
Sun, 18 Feb 2018 19:02:20 GMT

Interest in who is investing in the marijuana industry is mounting rapidly, and not without a reason.

Over the first five weeks of 2018, the Viridian Cannabis Deal Tracker registered $1.23 billion in investments in the cannabis industry, Viridian Capital President Scott Greiper told Benzinga. This compares to $178 million for the first five weeks of 2017, implying a growth in investments of almost 600 percent. Even more interestingly, the amount of money that came into the industry in January alone is pretty close to that seen over the entirety of 2016, when investments totaled $1.29 billion.

Benzinga has been reporting on the largest deals in the cannabis industry, but the aggregate data provides a different and interesting perspective.

Aggregate Data

Over the first five weeks of the year:

  • The cannabis industry saw 65 capital raises, more than double from last year;
  • Nine of these raises surpassed $50 million;
  • 87.6 percent of these raises were equity-backed, up from 70 percent last year;
  • The average raise size was $19 million, compared to $5.9 million in the first five weeks of 2017;
  • About 72 percent of the raises were conducted by publicly traded companies, down from 76 percent last year;
  • Seventy-five percent of the total dollars raised went to public companies, up from 71 percent last year;
  • Private companies still received more than $300 million, six times what they got in the first five weeks of last year; and
  • Most of the investments went to cultivation and retail companies.

Peace and security cannot be acheived without reconstruction, says Iraq PM Al-Abadi
Sun, 18 Feb 2018 18:02:00 GMT
Iraqi Prime Minister Haider Al-Abadi speaks about spending on construction, rather than weapons.
India's Reliance, global tech firms to invest $9.3 billion in industrial area
Sun, 18 Feb 2018 17:59:54 GMT
MUMBAI (Reuters) - India's Reliance Industries Ltd and global technology companies will invest 600 billion rupees ($9.34 billion) over 10 years to set up an integrated industrial area in the western state of Maharashtra, the company's chairman Mukesh Ambani said.
In boost to reform, Saudi Arabia's cabinet approves bankruptcy law
Sun, 18 Feb 2018 17:19:23 GMT
DUBAI/KHOBAR, Saudi Arabia (Reuters) - Saudi Arabia's cabinet has approved a bankruptcy law, sources familiar with the matter said on Sunday, giving a boost to efforts to make the kingdom more enticing to investors.
Iraq donations are much more than we anticipated, says Prime Minister Al-Abadi
Sun, 18 Feb 2018 17:19:00 GMT
Iraqi Prime Minister Haider al-Abadi speaks at the 2018 Munich Security Conference about the latest donations made to his country.
Billion dollar diamond fraud case puts India's state banks in focus
Sun, 18 Feb 2018 17:06:35 GMT
By Krishna N. Das, Aditya Kalra, Devidutta Tripathy and Tom Lasseter
Amplify ETFs CEO Breaks Down The Merits Of Blockchain Investing
Sun, 18 Feb 2018 14:53:12 GMT

At one point, companies completely unrelated to blockchain were changing their names to get in on the hype.

But one security that legitimately merits a “blockchain”-based moniker has declined to adopt one. Amplify Transformational Data Sharing ETF (NYSE: BLOK) quietly, though actively, trades in the trend.

Who's In The Fund£

BLOK emerged in mid-January with about 50 global companies, including many small caps, that meet one of three criteria.

“We think leading indicators are the largest investors in blockchain today from a corporate standpoint, the groups that are doing the most research and then companies that are already receiving revenue from blockchain-related activities,” Amplify ETFs CEO Christian Magoon said last week on Benzinga’s PreMarket Prep trading show.

With about 70 percent of the portfolio based in North America and the rest primarily in Europe and Asia, the ETF spans chipmakers to financial institutions to camera manufacturers.

Notable names include Eastman Kodak Company Common New (NYSE: KODK), NVIDIA Corporation (NASDAQ: NVDA), Taiwan Semiconductor Mfg. Co. Ltd. (ADR) (NYSE: TSM), Overstock.com Inc (NASDAQ: OSTK), Goldman Sachs Group Inc (NYSE: GS), Citigroup Inc (NYSE: C), Riot Blockchain Inc (NASDAQ: RIOT) and the Tokyo exchange’s Digital Garage, Inc., GMO Internet Inc. and SBI Holdings Inc.

The fund doesn't include energy companies, though, despite their apparent exposure to the power-heavy mining processes. Magoon said none have yet attributed ...

Full story available on Benzinga.com

What Retail Investors' Interest In The Sell-Off Means For Stocks
Sun, 18 Feb 2018 14:41:31 GMT

February's market sell-off brought relatively little panic-selling among retail investors, which served to stabilize the stock market after just a few days. In fact, many retail investors quickly jumped in to buy the dip, seeing the correction as an opportunity rather than a warning sign.

On the surface, this type of investor confidence may seem reassuring. Unfortunately, confident investors can be a major red flag.

Contrarian Indicator

Investor sentiment is a commonly used metric on Wall Street, but its implications are a bit counterintuitive. Typically, the more bullish investors are about stocks, the more bearish the indicator is.

Market sentiment is a type of indicator known as a contrarian indicator. Peaks in bullish market sentiment tend to occur when stock prices are at their highest and trough when stock prices are at their lowest. In other words, the best time to sell a stock is often when other investors are most optimistic about its prospects, and the best time to buy a stock is when other investors are most ...

Full story available on Benzinga.com

Nuclear agreement does not resolve Iran's radical behaviour: Saudi foreign minister
Sun, 18 Feb 2018 14:35:00 GMT
Saudi Arabian Foreign Minister Adel Al-Jubeir discusses the Iranian nuclear deal.
Believe that the US and Russia will be able to resolve their differences: Saudi foreign minister
Sun, 18 Feb 2018 14:35:00 GMT
"Our objective is to have the best relations we can with every country," says Saudi Foreign Minister Adel Al-Jubeir.
Iran try to cyberattack us almost on a weekly basis: Saudi foreign minister
Sun, 18 Feb 2018 14:34:00 GMT
Saudi Arabian Foreign Minister Adel Al-Jubeir speaks about how the Kingdom is dealing with cybersecurity threats.
Software may have helped Daimler pass U.S. emissions tests: report
Sun, 18 Feb 2018 09:29:49 GMT
BERLIN (Reuters) - U.S. investigators probing Mercedes maker Daimler have found that its cars were equipped with software which may have help them to pass diesel emissions tests, a German newspaper reported on Sunday, citing confidential documents.
Proxy advisory firm ISS says Qualcomm should negotiate sale to Broadcom
Sat, 17 Feb 2018 20:41:42 GMT
(Reuters) - U.S. semiconductor company Qualcomm Inc should try to negotiate a sale to Broadcom Ltd following the latter's sweetened $121 billion offer, proxy advisory firm Institutional Shareholder Services Inc (ISS) said.
SpaceX 's next salvo in the space wars: Launching test satellites to bring the Web to billions
Sat, 17 Feb 2018 19:31:00 GMT
SpaceX is on a collision course with the world's biggest telecom and satellite manufacturing companies.
Judge approves Takata's U.S. bankruptcy plan
Sat, 17 Feb 2018 18:44:44 GMT
WILMINGTON, Del. (Reuters) - Takata Corp's U.S. unit received court approval for its bankruptcy exit plan, a plaintiffs' law firm said on Saturday, clearing the way for a $1.6 billion sale of Takata assets and providing compensation for those injured by the company's deadly air bags.
Tesla delays, tax credit concerns spur sales of Chevy Bolts
Sat, 17 Feb 2018 17:08:39 GMT
SAN FRANCISCO (Reuters) - Some potential buyers of Tesla's long-delayed Model 3 sedan are concerned that they will miss out on big federal tax breaks and are looking for alternatives, including General Motors Co's Chevrolet Bolt, according to postings by would-be Tesla buyers on websites and interviews with GM dealers.
BRAZIL: Ibovespa Closes Slightly Higher With Expiring Options, Foreign Scene
Sat, 17 Feb 2018 14:24:21 GMT
Ibovespa, the benchmark stock index in Brazil, closed slightly higher (+0.28%) at 84,524.58 points Friday after showing volatility throughout the trading session ahead of the expiration of stock options on Monday, while investors still monitor the U.S. stock markets.
ARGENTINA: Merval Rises Again, Ends The Week 8.6% Higher
Sat, 17 Feb 2018 13:58:22 GMT
Merval, the main index of the Buenos Aires Stock Exchange, closed 2.23% higher at 32,738.76 points Friday. Despite the shortened week, the index gained 8.60% at the beginning of the financial results season.
BRAZIL: Service Sector Revenue Rises 1.3% In December On A Monthly Basis
Sat, 17 Feb 2018 13:42:39 GMT
The Brazilian service sector revenue rose for the second consecutive month in December, by 1.3 % compared to November, said the country's statistics office. On an annual basis, there was a 0.5% increase, interrupting 32 consecutive falls on year.
MOBI724 Global Solutions Inc. Issues Shares
Sat, 17 Feb 2018 02:36:19 GMT

MONTREAL, Feb. 16, 2018 (GLOBE NEWSWIRE) -- MOBI724 Global Solutions Inc. ("MOBI724" or the "Company") (CSE:MOS) (OTCQB:MOBIF), a Fintech leader offering all in one fully integrated EMV payment, Card-Linked Offers, Digital Marketing and Business Intelligence Solutions, announces that it has issued an aggregate of 348,073 common shares ("Common Shares") at a price of $0.23 as debt forgiveness related to unpaid consulting fees owed to Mr. Pablo Mariani, a consultant. The Company has also issued 347,826 Common Shares to Luc Charbonneau, a former officer of the Company at a price of $0.23 per share as payment pursuant to the settlement of litigation between the Company and Luc Charbonneau. Furthermore, the Company has obtained the permission of the CSE and has issued 200,000 warrants with an exercise price of $0.10 and an expiry date of December 30, 2021 to Dawson James Securities Inc. as compensation pursuant to services rendered in accordance with a Principal American Liaison Appointment Agreement executed on December 30, 2016. 

About Mobi724 Global Solutions Inc.
"We enable smart transactions anywhere"

MOBI724, ...

Full story available on Benzinga.com

US agents arrest more than 200 undocumented immigrants, target 122 businesses in California sweep
Sat, 17 Feb 2018 00:45:00 GMT
A five-day immigration sweep in California targeting 122 firms resulted in 212 arrests, U.S. officials announced Friday.
Stock volatility: back with a bang and here to stay
Sat, 17 Feb 2018 00:26:55 GMT
NEW YORK (Reuters) - U.S. stock markets are unlikely to return to the unusually calm conditions seen last year, even though equities have already recovered more than half the ground lost in the recent selloff and traders have rapidly dialed down fear.
Exclusive: GE exploring industrial gas engine business sale - sources
Sat, 17 Feb 2018 00:18:50 GMT
(Reuters) - General Electric Co is exploring a sale of its industrial gas engine business that could be worth as much as $2 billion, according to people familiar with the matter.
Alamos Gold Files Early Warning Report
Sat, 17 Feb 2018 00:03:47 GMT

TORONTO, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Pursuant to National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, Alamos Gold Inc. (TSX:AGI) (NYSE:AGI) ("Alamos" or the "Company") is announcing the sale of 25,300,000 common shares (the "Shares") of Corex Gold Corp. ("Corex"), representing approximately 16.12% of the outstanding shares of Corex by way of a private share purchase and sale agreement with Osisko Gold Royalties Ltd.  at a price of CAD$0.13 per Common Share for gross proceeds of CAD$3,289,000 (the "Transaction").  Following the ...

Full story available on Benzinga.com

Purpose Investments Inc. Announces February Distributions
Fri, 16 Feb 2018 23:53:46 GMT

TORONTO, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Purpose Investments Inc. is pleased to announce the following distributions for the month of February 2018. The ex-distribution date for all funds is February 27, 2018, with the exception of the Purpose High Interest Savings ETF and the Purpose US Cash ETF, which have an ex-distribution date of February 28, 2018.

Open-End Funds Ticker Symbol Distribution per share/unit Record Date Payable Date Distribution Frequency
Purpose Core Dividend Fund - ETF Series PDF $ 0.08501 02/28/2018 03/07/2018 Monthly
Purpose Enhanced Dividend Fund – ETF Series PDIV $ 0.05221 02/28/2018 03/07/2018 Monthly
Purpose Total Return Bond Fund - ETF Series PBD $ 0.07701 02/28/2018 03/07/2018 Monthly
Purpose Duration Hedged Real Estate Fund – ETF Series PHR $ 0.08001 02/28/2018 03/07/2018 Monthly
Purpose Monthly Income Fund - ETF Series PIN $ 0.08301 02/28/2018 03/07/2018 Monthly
Purpose Premium Yield Fund – ETF Series PYF $ 0.08301 02/28/2018 03/07/2018 Monthly
Purpose Canadian Financial Income Fund – ETF Series BNC $ 0.08501 02/28/2018 03/07/2018 Monthly
Purpose Conservative Income Fund – ETF Series PRP $ 0.05401 02/28/2018 03/07/2018
Pot Stocks, ETFs And Top News From The Cannabis Industry This Week
Fri, 16 Feb 2018 21:35:47 GMT

After a relatively stable few days, cannabis stocks returned to the red Thursday.

The United States Marijuana Index, which tracks 15 of the largest marijuana stocks in the U.S., ended the week almost flat. The North American Marijuana Index, which also includes Canadian stocks, lost 5.6 percent this week, largely on the back of Friday’s 3.53 percent tumble.

The Horizons Marijuana Life Sciences Index ETF (OTC: HMLSF) slipped 5.1 percent over the last five days. The ETFMG Alternative Harvest ETF (NYSE: MJ) gained 1 percent.

Here are some of the top marijuana stocks in U.S. exchanges and how the performed this week:

  • 22nd Century Group Inc (NYSE: XXII): up 10.25 percent
  • Aphria Inc (OTC: APHQF): down 14.2 percent
  • Aurora Cannabis Inc (OTC: ACBFF): down 9.75 percent
  • Cannabis Sativa Inc (OTC: CBDS): up 5.1 percent
  • CannTrust Holdings Inc (OTC: CNTTF): up 5.3 percent
  • Canopy Growth Corp (OTC: TWMJF): down 5.0 percent
  • Cronos Group Inc (OTC: PRMCF): down 5.6 percent
  • GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH): up 3.9 percent
  • India Globalization Capital, Inc. (NYSE: IGC): up 12.5 percent
  • MedReleaf Corp(OTC: MEDFF): up 7.05 percent
  • Scotts Miracle-Gro Co (NYSE: SMG): up 2.7 percent
  • THC Biomed Intl Ltd (OTC: THCBF): up 0.5 percent
  • Zynerba Pharmaceuticals Inc (NASDAQ: ZYNE): down 1.8 percent

In The News

“While the Canadian LP sector had to absorb news that legal sales won't likely commence until Labor Day rather than July, the sector saw some big news,” 420 Investor Alan Brochstein told Benzinga.

The provincial government of Ontario announced a deal with Shopify Inc (NYSE: SHOP). The province will use the company’s e-commerce platform to process online and in-store cannabis sales.

Meanwhile, the province of Quebec will be getting its weed from Aphria, Canopy Growth Corp, Hydropothecary Corp (OTC: HYYDF), MedReleaf, Aurora Cannabis andTilray, a letter of intent signed Friday revealed.

“Manitoba announced its four cannabis retailers, and there were five public companies involved in three of the winning applicants,” Brochstein added, referencing Canopy Growth Corp, Hiku Brands Company Ltd(OTC: DJACF) and DELTA 9 CANNABIS INC (OTC: VRNDF).

Finally, Sun Life Financial Inc (NYSE: SLF) announced it will cover medical marijuana claims for certain conditions.

Canopy Growth Corp reported fiscal third quarter results, with revenue up more than 120 percent year-over-year, from $9.8 million last year, to $21.7 million this year. EPS came it at $0.01, even though net margins ...

Full story available on Benzinga.com

TEMER: Intervention In Rio Will End When Reform Is Ready To Be Voted
Fri, 16 Feb 2018 21:13:26 GMT
The military intervention in Rio de Janeiro state's security system will cease when pension reform is ready to be voted on, said Brazilian President Michel Temer in signing the decree on the issue.
Biofrontera AG Announces Closing of $US12.9 Million Firm Commitment Initial Public Offering of American Depositary Shares
Fri, 16 Feb 2018 21:05:00 GMT

LEVERKUSEN, Germany, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Biofrontera AG (NASDAQ:BFRA) (Frankfurt Stock Exchange:B8F) ("Biofrontera" or the "Company"), an international biopharmaceutical company, today announced the closing of a U.S. firm commitment underwritten public offering of American Depositary Shares ("ADSs"), at an offering price of $9.88 per ADS. Each ADS represents two of Biofrontera's ordinary shares, nominal value €1.00 per share. The Company sold a total of 1,300,483 ADSs, including a full exercise by the underwriters of the over-allotment option to purchase 85,483 ADSs, which option exercise also closed today. The ADSs began trading on The NASDAQ Capital Market under the symbol "BFRA" on February 14, 2018.

The Company received gross proceeds of approximately $12.9 million from the ADSs sold in this offering, before deducting underwriting discounts and commissions of approximately $1.0 million and other related expenses.

As previously announced, Biofrontera also separately completed a concurrent preemptive rights offering of its ordinary shares pursuant to German law to its existing holders of ordinary shares, under which Biofrontera will be issuing a total of 3,399,034 ordinary shares to the existing shareholders who exercised their subscription rights at an offering price of €4.00 per share (or approximately $4.94 per share, representing the same per share price as the one used in the ADS offering, adjusting for the ratio of ordinary shares to ADSs). In total, including the ordinary shares underlying the ADSs, the Company is issuing 6,000,000 new ordinary shares. The newly issued ordinary shares will trade on the Frankfurt Stock Exchange under the Company's existing listing of B8F.F.

Proceeds from these offerings will be used to expand Biofrontera's U.S. sales and marketing organization, fund additional clinical trials of its product Ameluz® (and to make regulatory filings for marketing approval of Ameluz®, both for geographic expansion and the extension of the indications for ...

Full story available on Benzinga.com

Walmart rolls out new apparel brands for women, kids and plus sizes
Fri, 16 Feb 2018 20:57:00 GMT
Walmart is rolling out a handful of new apparel brands at low prices and will phase out some of its older brands.
MADURO: If Opposition Does Not Register, There Will Still Be Election
Fri, 16 Feb 2018 20:51:59 GMT
Venezuelan President Nicol s Maduro warned that if the opposition to his administration does not register for the presidential election on April 22, there will be elections anyway, and a winner will be elected legitimately.
ARGENTINA: Credit To The Private Sector Grew 22% In 2017
Fri, 16 Feb 2018 20:41:07 GMT
The credit to the Argentinean private sector rose by 22% in 2017, adjusted by inflation, marking the highest annual growth in a decade, reported the South American country's central bank.
Trump claims vindication in tweet following Mueller indictment of Russians: 'No collusion!'
Fri, 16 Feb 2018 20:20:00 GMT
The president reacted to the latest indictment from Robert Mueller's Russia probe.
Markets Feel The Impact Of Mueller's Latest Indictments In Russia Probe
Fri, 16 Feb 2018 19:59:55 GMT

The markets had been steadily recovering over the last week. The S&P 500 and Dow Jones Industrial Average each rose 8.4 percent and seemed to be on a stable trajectory — until a common catalyst resurfaced.

Both indices fell 1 percent Friday afternoon after Special Counsel Robert Mueller issued an indictment alleging election interference on the part ...

Full story available on Benzinga.com

Riot Blockchain Defends Pivot From Biotech To Crypto: 'Amazon Started Off Selling Books'
Fri, 16 Feb 2018 19:31:18 GMT

In response to a CNBC investigatory report calling to question Riot Blockchain Inc (NASDAQ: RIOT)’s sincere participation in blockchain, CEO John O’Rourke penned a shareholder letter decrying the piece and justifying the firm’s pursuits.

“CNBC released a negative one-sided piece on companies that seek to jump on the blockchain bandwagon by changing their name to profit from an increase in their stock price and profiled our company,” O’Rourke wrote Friday. “Had the journalist used even a modest amount of professional diligence, CNBC would have also reported on the numerous achievements we have made in becoming an early entrant in the support of blockchain and cryptocurrency technologies.”

Riot’s Apologia

O’Rourke claimed the company, formerly a biotech called Bioptix, transitioned to blockchain after failing to secure FDA approval and suffering a cash-bleeding acquisition.

“It is not uncommon for businesses to pivot and change their business strategy,” he wrote. “Amazon.com, Inc. (NASDAQ: AMZN) started off selling books.”

The timing and sincerity of the company’s blockchain interest were further defended. By O’Rourke’s account, Riot was the first to add “blockchain” to ...

Full story available on Benzinga.com

Mid-Afternoon Market Update: Blackline Surges After Q4 Results; Moleculin Biotech Shares Slide
Fri, 16 Feb 2018 19:30:44 GMT

Toward the end of trading Friday, the Dow traded up 0.64 percent to 25,361.89 while the NASDAQ climbed 0.40 percent to 7,285.52. The S&P also rose, gaining 0.56 percent to 2,746.42.

Leading and Lagging Sectors

Friday afternoon, the non-cyclical consumer goods & services shares climbed 1 percent.

In trading on Friday, basic materials shares rose by just 0.2 percent. Meanwhile, top losers in the sector included Yamana Gold Inc. (USA) (NYSE: AUY), down 8 percent, and Agnico Eagle Mines Ltd (USA) (NYSE: AEM) down 5 percent.

Top Headline

The Coca-Cola Co (NYSE: KO) reported stronger-than-expected sales for its fourth quarter on Friday.

Coca-Cola said it earned 39 cents per share in the second quarter on revenue of $7.51 billion versus expectations of 38 cents per share and $7.36 billion.

Coca-Cola expects FY 2018 adjusted earnings of $2.06 to $2.10 per share, versus analysts’ estimates of $2.01 per share.

Equities Trading UP

Synchronoss Technologies, Inc. ...

Full story available on Benzinga.com

HydRx Farms Ltd. (d/b/a Scientus Pharma Inc.) Announces Completion of its $15.8 Million Private Placement Offering of Common Shares
Fri, 16 Feb 2018 19:16:45 GMT

THIS NEWS RELEASE IS INTENDED FOR DISTRIBUTION IN CANADA ONLY AND IS NOT INTENDED FOR DISTRIBUTION TO UNITED STATES NEWSWIRE SERVICES OR DISSEMINATION IN THE UNITED STATES.

TORONTO, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Scientus Pharma Inc. ("Scientus" or the "Company") is pleased to announce that it has completed a private placement offering of common shares of the Company (the "Common Shares") at a price per Common Share of $4.00 for aggregate gross proceeds of approximately $15.8 million (the "Offering").

The Company intends to use the net proceeds of the Offering for working capital and general corporate purposes.

GMP Securities L.P. was engaged to act as sole agent in connection with the Offering, which was conducted on a fully-marketed "best efforts" agency basis.

The Common Shares issued pursuant to the Offering will not be listed and will not be posted for trading on any stock exchange or quotation system.

About Scientus Pharma Inc.

Scientus ...

Full story available on Benzinga.com

Potlatch Board Declares Distribution on Common Stock
Fri, 16 Feb 2018 19:15:00 GMT

SPOKANE, Wash., Feb. 16, 2018 (GLOBE NEWSWIRE) -- The board of directors of Potlatch Corporation (NASDAQ:PCH) has declared a quarterly distribution on the Company's common stock. The distribution of $0.40 per share is payable March 30, 2018 to stockholders ...

Full story available on Benzinga.com

US Steel, Aluminum Stocks Rally After Commerce Dept. Calls For Tariffs
Fri, 16 Feb 2018 19:07:11 GMT

Steel and aluminum stocks moved sharply higher Friday after the U.S. Commerce Department issued a recommendation to President Donald Trump to enact steep tariffs or quotas on foreign companies.

What You Need To Know

Trump's administration looked into the topic of steel and aluminum imports and any potential impact on natural security, CNBC reported. Steel imports are "weakening our internal economy" and pose a threat to national security, Commerce Secretary Wilbur Ross said in a Friday letter. 

Ross recommends the White House take "immediate action by adjusting the level of imports through quotas or tariffs."

Why It's Important

The report calls for a global tariff of 24 percent on ...

Full story available on Benzinga.com

The North Face, Vans' owner wants to sell more directly to customers
Fri, 16 Feb 2018 18:34:00 GMT
VF Corp., parent of The North Face and Vans, aims to be a more consumer-facing business with a focus on the best labels.
Avinger Announces Closing of $18 Million Underwritten Public Offering
Fri, 16 Feb 2018 18:30:00 GMT

REDWOOD CITY, Calif., Feb. 16, 2018 (GLOBE NEWSWIRE) -- Avinger, Inc. (NASDAQ:AVGR), a leading developer of innovative treatments for peripheral artery disease (PAD), today announced the closing of an underwritten public offering of Series B convertible preferred stock, together with warrants, for gross proceeds of approximately $18.0 million, prior to deducting underwriting discounts and commissions and offering expenses payable by Avinger. In conjunction with the closing of the offering, the lenders under the company's term loan agreement, CRG LP and certain of its affiliated entities, have converted $38.0 million of debt into the company's Series A convertible preferred stock. Following this conversion, the Company will have approximately $6.5 million of term loans, plus any accrued interest since December 31, 2017, due in June 2023. CRG has entered into a one-year lockup agreement relating to all Avinger securities that they hold.

The Series B preferred stock issued in the public offering is convertible into shares of the company's common stock at a conversion price of $2.00 per share. Each share of Series B preferred stock will be accompanied by (a) a Series 1 warrant, which expires on the earlier of (i) 60 days following the clearance by the FDA of a new lower-profile version of the company's Pantheris atherectomy system and (ii) the ...

Full story available on Benzinga.com

A Keystone Moment for the Market, Or Is This 'Small Potatoes£'
Fri, 16 Feb 2018 18:02:19 GMT

It seems the Fed’s Dudley was right a week ago when he said the market sell-off was “small potatoes.” As the market adjusts to central banks removing accommodations there are going to be setbacks and it will take more than one freak wave to influence the Fed. But, the market's underpinnings have changed and the Fed is no longer offering its continued support. So what is going on here£

Rotation was a primary theme for equities in 2017 as sector correlations were at their lowest since the summer of 2007. This made for low volatility and a smoothing effect as money flowed from one sector to another throughout the year. But, suddenly in January, this all changed. The average correlation of the 11 major equity sectors jumped to over 80 percent as retail money poured into stocks in all sectors.

The S&P 500 had 18 straight trading days with RSI above 75. To put this in perspective, this is how RSI works. The traditional RSI indicator uses a 14 day period. The Relative Strength Index gains when the average gains over that period are larger than the average losses. If RSI is at 100 that means all 14 days were gains and zero losses. 18 days above 75, I believe is a record. Exuberance was very much alive.

So, the equity market went from euphoria to fear in a blink as VIX exploded (the Feb 6th move in VIX was its largest move ever). With volatility diminishing this week and a reduction in trading volumes we had a first sign that the selling pressure was abating. The next options expiration will be next Friday and it will be interesting to see if the VIX can break back below the 17.50 area which looks pivotal technically.

We need to watch correlations carefully from here. When asset class and sector correlations rise sharply there is simply no place to go. You either sell, or wait it out. According to ivolatility.com the average correlation for the 11 SP500 sectors was 83.7 percent in January. During Q4 2017 they were well under 50 percent. Remember, correlations are critical to risk parity portfolios which may need to adjust market exposure.

This is the E-Mini S&P Futures (ESH) intraday chart from last Friday. At 1:30 EST, ESH was retesting its 200-dma for the second time that week and there was chatter of early margin calls. Had the market not lifted significantly that afternoon another wave of forced-selling would have hit. As it turns out the margin calls were held back and we now have a V-shape recovery underway. Timing is everything…

This week the focus was on the CPI report. We had ...

Full story available on Benzinga.com

Canada postpones marijuana legalization
Fri, 16 Feb 2018 17:53:00 GMT
Canadians will have to wait until at least early August or later to legally purchase recreational marijuana.
Qatar emir says Gulf blockade a ‘futile crisis,’ calls for unity in Middle East
Fri, 16 Feb 2018 16:03:00 GMT
Qatar has “preserved its sovereignty” following a “futile” diplomatic crisis that befell the country in 2017, the emir of the Gulf state said Friday.
Struggling Gibson guitar company speaks out about its finances
Fri, 16 Feb 2018 15:52:00 GMT
Amid reports of bad finances Gibson assures observers that it will meet obligations. Nashville Business Journal reports.
U.S. Consumer Sentiment Unexpectedly Shows Significant Improvement In February
Fri, 16 Feb 2018 15:17:19 GMT
Despite recent volatility on Wall Street, the University of Michigan released a report on Friday unexpectedly showing a significant improvement in U.S. consumer sentiment in the month of February. The preliminary reading on the consumer sentiment index for February came in at 99.9.
Consumer sentiment jumps in February, exceeding record-high 2017 average
Fri, 16 Feb 2018 15:00:00 GMT
U.S. consumer sentiment rose by much more than expected in February.
Major apartment developer: 'There is an acute crisis headed our way'
Fri, 16 Feb 2018 14:54:00 GMT
Concerns mount about an overbuilt luxury market and a shortage of affordable rental housing.
Waste Management CEO: 80% of company's tax cut going back into the economy
Fri, 16 Feb 2018 14:44:00 GMT
Jim Fish disputes the narrative that major companies are only using corporate tax cut benefits to buy back stock.
U.S. Housing Starts Rebound Much More Than Expected In January
Fri, 16 Feb 2018 14:32:31 GMT
After reporting a steep drop in new residential construction in the previous month, the Commerce Department released a report on Friday showing housing starts in the U.S. rebounded by much more than anticipated in the month of January. The Commerce Department said housing starts soared by 9.7 percent.
Bank Of America Tops List Of Cryptocurrency Patents
Fri, 16 Feb 2018 14:18:55 GMT
Bank of America has emerged as the company that has the most cryptocurrency patents in the world. The second-largest bank in the U.S. has so far applied for or received 45 patents for blockchain, the ledger technology used for verifying and recording virtual currency transactions, according to Bitcoin Patent Report. The Bank of America started filing patents for innovations in blockchain in 2013.
U.S. Import Prices Jump More Than Expected In January
Fri, 16 Feb 2018 14:11:53 GMT
Import prices in the U.S. jumped by more than expected in the month of January, according to a report released by the Labor Department on Friday, while export price growth also exceeded estimates. The Labor Department said import prices surged up by 1.0 percent in January.
Near-Term Uncertainty May Lead To Choppy Trading On Wall Street
Fri, 16 Feb 2018 13:59:44 GMT
The major U.S. index futures are pointing to a roughly flat opening on Friday following the strong upward move seen over the five previous sessions.
U.S. Import Prices Jump 1.0% In January
Fri, 16 Feb 2018 13:45:42 GMT
Import prices in the U.S. jumped by more than expected in the month of January, according to a report released by the Labor Department on Friday, while export price growth also exceeded estimates.
Uber makes changes to boost safety in the UK as appeal to overturn London ban continues
Fri, 16 Feb 2018 13:41:00 GMT
Uber said Friday that it was introducing a number of changes to enhance safety for drivers and passengers in the U.K.
U.S. Housing Starts Surge Up 9.7% In January
Fri, 16 Feb 2018 13:39:46 GMT
After reporting a steep drop in new residential construction in the previous month, the Commerce Department released a report on Friday showing housing starts in the U.S. rebounded by much more than anticipated in the month of January.
Housing starts rebound as building permits rise to the highest level since 2007
Fri, 16 Feb 2018 13:30:00 GMT
U.S. homebuilding increased to more than a one-year high in January, boosted by a rebound in the construction of single-family housing units.
US import prices rise more than expected in January
Fri, 16 Feb 2018 13:30:00 GMT
U.S. import prices rose more than expected in January as the cost of imported petroleum and a range of other goods increased.
Global Rheumatology Therapeutics Market Will Reach USD 50.9 Billion by 2022: Zion Market Research
Fri, 16 Feb 2018 13:27:00 GMT

New York, NY, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Rheumatology Therapeutics Market by Disease Type (Rheumatoid Arthritis, Osteoarthritis, Lupus, Gout, Ankylosing spondylitis and other), Drug Type (NSAIDs, Analgesics, DMARDs, Corticosteroids and Other), Distribution Channel (Retail Pharmacy, Online Pharmacy, Hospitals)". According to the report, the global rheumatology therapeutics market was valued at around USD 44.18 billion in 2017 and is expected to reach around USD 50.9 billion by 2022, growing at a CAGR of 2.9 % between 2016 and 2022.

Musculoskeletal conditions are a major burden on the individual, society and the healthcare service providers. These conditions result in joint inflammation, pain, swelling, and stiffness. Rheumatic disease is one of the leading causes of morbidity in around the world. People of all ages, genders, and races can have arthritis, and it is the leading cause of disability in the United States. More than 50 million adults and almost 300,000 children have arthritis or some other type of rheumatic disease. Rheumatic diseases are generally common among women and occur more frequently as people get older.

Browse through 99 Tables & 54 Figures spread over 110 Pages and in-depth TOC on "Global Rheumatology Therapeutics Market: Industry Type, Size, Share, Trends and Forecast 2016 – 2022".

Request Free Sample copy of Global Rheumatology Therapeutics Market Report @ https://www.zionmarketresearch.com/sample/rheumatology-therapeutics-market

The growing burden of rheumatic diseases around the world is fostering the growth of rheumatology therapeutics market. A wide number of biosimilars and drugs under pipeline are fostering the growth of the market. However, high capital investments in drug development, stringent rules and regulations are slowing the growth of the market. Technologically enhanced products such as biologics and biosimilars are expected to present lucrative business opportunities in future.

On the basis of disease type, the global rheumatology therapeutics market is divided into rheumatoid arthritis, osteoarthritis, lupus, gout, ankylosing spondylitis and other. Rheumatoid arthritis disease has high prevalence rates than other disease and accounts for the major share in global rheumatology therapeutics market. On the basis of drug type the ...

Full story available on Benzinga.com

Global Aerial Equipment Market Will Reach USD 14,300 million by the end of 2022: Zion Market Research
Fri, 16 Feb 2018 13:16:55 GMT

New York, NY, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Aerial Equipment Market By Product (Atrium / Spider Lifts, Boom Lifts, Cranes, and Scissor Lifts); By Technology (Unpowered, Self-propelled, and Vehicle-mounted); By Ownership (Rental and End-Use Industry); By End-User (Fire Brigade, Industrial, Power Plant, Construction, Ship & Offshore, and Others (Glass Cleaning, and Maintenance)) Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2016 – 2022".

According to the report, the global aerial equipment market was valued at around USD 8,300 million in 2016 and is expected to reach over USD 14,300 million by the end of 2022, growing at a CAGR of 9.5% between 2017 and 2022.

Browse through 36 Tables & 53 Figures spread over 110 Pages and in-depth TOC on "Global Aerial Equipment Market: Industry Size, Share, Key Drivers and Forecast 2016 – 2022".

Request Free Sample copy of Global Aerial Equipment Market Report @ https://www.zionmarketresearch.com/sample/aerial-equipment-market

Market Report Highlights:

  • Rapid growth in the construction industry, strict adherence to human safety concerns, and the stringent labor laws and government regulations are factors boosting the growth of the global aerial equipment market.
  • High capital investment requirement is expected to limit the growth of the global aerial equipment market.
  • Leading rental companies are also opting for fleet diversification by increasing the use of very high aerial equipment and using self-propelled equipment with advanced and customized telematics.
  • Rising demand for aerial equipment from the telecommunication and electrical lines maintenance business vertical is another factor fuelling the growth of the global market.
  • Boom lifts segment is poised for high growth in the years to come on account of increasing usage of boom lifts for tricky architecture or smaller spaces with limited access.
  • In terms of volume, self-propelled lift segment held 34.01% share of the total market in 2014 ...

Full story available on Benzinga.com

Puerto Rico's governor is bullish on blockchain as part of island's comeback
Fri, 16 Feb 2018 13:15:00 GMT
Puerto Rico's governor calls blockchain a "phenomenal technology" and a "game changer."
Backstory: Warren Buffett's Valentine's Day surprise for investors
Fri, 16 Feb 2018 12:54:55 GMT
NEW YORK (Reuters) - Warren Buffett had a Valentine’s Day surprise for investors in Teva Pharmaceutical Industries Ltd .   
New Research Coverage Highlights LKQ, Myriad Genetics, Pilgrim's Pride, AutoNation, Regency Centers, and Amphenol — Consolidated Revenues, Company Growth, and Expectations for 2018
Fri, 16 Feb 2018 12:30:00 GMT

NEW YORK, Feb. 16, 2018 (GLOBE NEWSWIRE) -- In new independent research reports released early this morning, Fundamental Markets released its latest key findings for all current investors, traders, and shareholders of LKQ Corporation (NASDAQ:LKQ), Myriad Genetics, Inc. (NASDAQ:MYGN), Pilgrim's Pride Corporation (NASDAQ:PPC), AutoNation, Inc. (NYSE:AN), Regency Centers Corporation (NYSE:REG), and Amphenol Corporation (NYSE:APH), including updated fundamental summaries, consolidated fiscal reporting, and fully-qualified certified analyst research.

Complimentary Access: Research Reports

Full copies of recently published reports are available to readers at the links below.

LKQ DOWNLOAD: http://Fundamental-Markets.com/register/£so=LKQ
MYGN DOWNLOAD: http://Fundamental-Markets.com/register/£so=MYGN
PPC DOWNLOAD: http://Fundamental-Markets.com/register/£so=PPC
AN DOWNLOAD: http://Fundamental-Markets.com/register/£so=AN
REG DOWNLOAD: http://Fundamental-Markets.com/register/£so=REG
APH DOWNLOAD: http://Fundamental-Markets.com/register/£so=APH

(You may have to copy and paste the link into your browser and hit the [ENTER] key)

The new research reports from Fundamental Markets, available for free download at the links above, examine LKQ Corporation (NASDAQ:LKQ), Myriad Genetics, Inc. (NASDAQ:MYGN), Pilgrim's Pride Corporation (NASDAQ:PPC), AutoNation, Inc. (NYSE:AN), Regency Centers Corporation (NYSE:REG), and Amphenol Corporation (NYSE:APH) on a fundamental level and outlines the overall demand for their products and services in addition to an in-depth review of the business strategy, management discussion, and overall direction going forward. Several excerpts from the recently released reports are available to today's readers below.

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Important Notice: the following excerpts are not designed to be standalone summaries and as such, important information may be missing from these samples. Please download the entire research report, free of charge, to ensure you are reading all relevant material information. All information in this release was accessed February 14th, 2018. Percentage calculations are performed after rounding. All amounts in millions (MM), except per share amounts.

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LKQ CORPORATION (LKQ) REPORT OVERVIEW

LKQ's Recent Financial Performance

For the three months ended September 30th, 2017 vs September 30th, 2016, LKQ reported revenue of $2,465.80MM vs $2,207.34MM (up 11.71%) and basic earnings per share $0.40 vs $0.40 (unchanged). For the twelve months ended December 31st, 2016 vs December 31st, 2015, LKQ reported revenue of $8,584.03MM vs $7,192.63MM (up 19.34%) and basic earnings per share $1.51 vs $1.39 (up 8.63%). LKQ is expected to report earnings on February 22nd, 2018. The report will be for the fiscal period ending December 31st, 2017. The reported EPS for the same quarter last year was $0.35. The estimated EPS forecast for the next fiscal year is $2.22 and is expected to report on February 22nd, 2018.

To read the full LKQ ...

Full story available on Benzinga.com

Berlin To Host BlockShow Europe 2018 In May
Fri, 16 Feb 2018 12:18:51 GMT
Berlin will host BlockShow Europe 2018 on May 28 and 29. One of the biggest international conferences of blockchain technology, it will discuss Governmental Initiatives, insights from Central Banks, latest updates on worldwide Blockchain regulations and innovations in both European and Global Blockchain scenes. The conference is described as "Window to the Global Blockchain World."
US tractor maker Deere upgrades 2018 outlook on improving equipment demand
Fri, 16 Feb 2018 12:12:00 GMT
U.S. tractor maker Deere said on Friday net sales and revenues rose 23 percent year-on-year to $6.91 billion in the quarter ending Jan. 28.
Sen. Jeff Flake: President Trump's immigration policy would hurt the economy
Fri, 16 Feb 2018 12:00:00 GMT
CNBC's John Harwood talks to Sen. Jeff Flake. Here's what the Arizona Republican said about immigration.
Wall Street Poised To Open Higher
Fri, 16 Feb 2018 11:55:06 GMT
A few major companies such as a Coca Cola, Deere, J.M. Smucker Co., Campbell Soup and Kraft Heinz are reporting their earnings results today. U.S. Census Bureau's Housing Starts reports and Michigan University's Consumer Sentiments data are the major economic announcements on Friday.
UK Retail Sales Grow Less Than Expected
Fri, 16 Feb 2018 11:42:29 GMT
UK retail sales grew less than expected in January as high inflation squeezed consumer spending, figures from the Office for National Statistics revealed Friday. Retail sales rose 0.1 percent month-on-month in January, reversing a 1.4 percent drop in December. Nonetheless, this was slower than the expected 0.5 percent rise.
U.S. market gurus who predicted selloff say current calm an illusion
Fri, 16 Feb 2018 11:38:15 GMT
Some veteran investors who were vindicated in calling for a pullback in shares and a spike in volatility could now be cheering. Actually, they're looking at the risks that still lie ahead in the...
Global Nanophotonics Market Will Reach USD 66.03 Billion by 2022: Zion Market Research
Fri, 16 Feb 2018 11:34:16 GMT

New York, NY, Feb. 16, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Nanophotonics Market by Product Type (LED, OLED, NFO, Photovoltaic Cells, Optical Amplifier, Optical Switches, Holographic Data Storage System and Others) for Consumer Electronics, Material Science, Non Visible Wavelength Instruments, Non Visual Applications, Indicators and  Other Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016-2022''. According to the report, global nanophotonics market was valued at around USD 7.72 billion in 2016 and is expected to reach approximately USD 66.03 billion in 2022, growing at a CAGR of slightly above 43% between 2017 and 2022.

Nanophotonics comes under nanophysics and is the unification of nanotechnology with photonics. Fundamentally, it is a combination of photonics and optoelectronics at nanoscale dimensions. Nanophotonics technology is enabling a wide range of photonics products ranging from high-efficiency solar cells to ultra-secure communications followed by personalized health monitoring and many more. Even though many nanophotonics products are still under research, many products such as nanophotonics PV cells, nanophotonics LEDs, nanophotonics OLEDs are considerably driving the market growth. The demand for advanced electronics such as longer battery life, compressed size, greater data transmission speed and high functionality can be achieved by implementing nanophotonics technology.

Browse through 16 Tables & 29 Figures spread over 110 Pages and in-depth TOC on "Global Nanophotonics Market: By Industry Size, Share, Analysis and Forecast 2016 – 2022".

Request Free Sample copy of Global Nanophotonics Market Report @ https://www.zionmarketresearch.com/sample/nanophotonics-market

The nanophotonics market is driven significantly by nanophotonics LEDs which is having largest market share followed by UV LED. In order to achieve faster data transmission speed and higher bandwidth, many manufacturers are implementing nanophotonic technology by integrating photonics and electronics on the same chip.  However, the high cost of raw materials, difficulty in maintaining precise current and heat management ...

Full story available on Benzinga.com

Actress Kristen Bell shares her top business advice for young professional women
Fri, 16 Feb 2018 11:22:00 GMT
Aside from her acting roles, Bell is a member of the board of advisors at This Bar Saves Lives, which tackles malnutrition.
Luxembourg Inflation Slows For Third Month
Fri, 16 Feb 2018 11:10:25 GMT
Luxembourg's consumer price inflation eased for the third straight month in January, figures from the statistical office STATEC showed Friday.
Computer-driven hedge funds lose out on volatility spike: HSBC data
Fri, 16 Feb 2018 10:33:00 GMT
LONDON (Reuters) - Performance from computer-driven hedge funds run by industry stalwarts Cantab Capital Partners and Systematica Investments took a hit after market volatility in February, showed...
Czech Import Prices Fall At Faster Rate In December
Fri, 16 Feb 2018 10:06:44 GMT
Czech import prices continued its declining trend in December, figures from the Czech Statistical Office showed Friday.
Economic Data Scheduled For Friday
Fri, 16 Feb 2018 09:39:54 GMT
  • U.S. housing starts report for January is schedule for release at 8:30 a.m. ET.
  • Data on import and export prices for January will be released at 8:30 a.m. ...

Full story available on Benzinga.com

How the Italian government investing in tech can help the private sector
Fri, 16 Feb 2018 08:54:00 GMT
Diego Piacentini, government commissioner for the digital agenda at the Italian government, speaks about the need for governments to digitize.
Italy desperately needs digital transformation: Expert
Fri, 16 Feb 2018 08:36:00 GMT
Diego Piacentini, government commissioner for the digital agenda at the Italian government, speaks about the need for investment in technology.
We're in a new era for bonds, Barclays strategist says
Fri, 16 Feb 2018 08:29:00 GMT
William Hobbs, head of investment strategy at Barclays, and Giles Keating, managing director at Werthstein Institute, discuss bonds and inflation.
Czech GDP Expands Less Than Expected In Q4
Fri, 16 Feb 2018 08:28:05 GMT
The Czech economy expanded at a slower-than-expected pace in the fourth quarter, preliminary data from the Czech Statistical Office showed Friday.
Europe markets open higher as investors monitor earnings; dollar falls further
Fri, 16 Feb 2018 08:16:00 GMT
European stocks opened higher Friday as investor confidence slowly returns after a sharp sell-off earlier in the month.
2018's economic risk to growth coming from geopolitics: Siemens CEO
Fri, 16 Feb 2018 08:11:00 GMT
Hadley Gamble reports from the Munich Security Conference with comments from Siemens CEO Joe Kaeser.
Dollar weakness cannot go on: Pro
Fri, 16 Feb 2018 08:06:00 GMT
"I think (the U.S. dollar) is getting to extreme levels, I think the interest rates will save it," says Giles Keating, managing director at Werthstein Institute.
Siemens CEO defends praising Trump, says there's 'nothing wrong' with US tax overhaul
Fri, 16 Feb 2018 08:00:00 GMT
President Donald Trump deserved to be congratulated for the recent changes to the U.S. tax system, according to Siemens CEO Joe Kaeser.
Munich Security Conference to focus on role of EU and relations with Russia
Fri, 16 Feb 2018 07:32:00 GMT
CNBC's Hadley Gamble reports from the Munich Security Conference with input from John D. Harris, Raytheon International CEO.
Germany Wholesale Price Inflation Accelerates In January
Fri, 16 Feb 2018 07:24:43 GMT
Germany's wholesale price inflation accelerated slightly in January, after easing in the previous three months, data from Destatis showed Friday.
Too early to tell where oil market will move to: Vopak CEO
Fri, 16 Feb 2018 07:10:00 GMT
Eelco Hoekstra speaks about the oil market and compliance with the OPEC-led agreement to curb supply.
Hundreds of thousands of malware products designed every day: Raytheon International CEO
Fri, 16 Feb 2018 07:01:00 GMT
John D. Harris speaks about cybersecurity.
European Economics Preview: UK Retail Sales Data Due
Fri, 16 Feb 2018 06:46:37 GMT
Retail sales data from the UK is due on Friday, headlining a light day for the European economic news.
Cybersecurity is one of our fastest growing elements: Raytheon International CEO
Fri, 16 Feb 2018 06:39:00 GMT
"The new U.S. administration has given us some clarity, some context with respect to threats," said John D. Harris.
Japan PM Nominates Kuroda For Another Term As BoJ Chief
Fri, 16 Feb 2018 06:35:04 GMT
Japan's Prime Minister Shinzo Abe nominated Haruhiko Kuroda for another term as Bank of Japan Governor.
Performance on operating basis is very strong: Allianz CFO
Fri, 16 Feb 2018 06:27:00 GMT
Allianz CFO Giulio Terzariol discusses earnings and his company's asset management arm.
Dow posts first 5-day win streak of 2018
Fri, 16 Feb 2018 06:09:00 GMT
Tim Courtney, chief investment officer at Exencial Wealth Advisors, discusses the impact of volatility in U.S. markets.
China's HNA Group trims stake in Deutsche Bank
Fri, 16 Feb 2018 05:12:00 GMT
"HNA will continue to be a significant investor in Deutsche Bank," said a spokesman.
Japan's cryptocurrency industry to launch self-regulating body, say sources
Fri, 16 Feb 2018 02:24:00 GMT
Japan's two cryptocurrency industry groups are planning to merge to form a self-regulating body, according to sources.
ARGENTINA: Merval Rises 1.53% With Quarterly Results And Indicators
Fri, 16 Feb 2018 00:40:06 GMT
Merval, the main index of the Buenos Aires Stock Exchange, rose 1.53%, closing at 32,036.37 points Thursday amid good quarterly results and inflation data in Argentina.
Oil and gas sector recovery 'not yet certain,' says the CEO of Singapore's oldest bank
Fri, 16 Feb 2018 00:32:00 GMT
The risk banks face within the oil and gas sector is currently "contained," he said.
BRAZIL: Ibovespa Goes Back Above 84,000 Points With External Scene
Fri, 16 Feb 2018 00:28:47 GMT
Ibovespa, the benchmark stock index in Brazil, closed higher for the second trading session in a row (+0.90%), at 84,290.57 points Thursday, tracking another positive day abroad in the face decreasing fears of a more aggressive interest rate hike in the United States. The calm domestic scenario also helped the index to recover, with strong gains for Vale and retailer shares.
COLOMBIA: Colcap Trades 0.25% Lower On Weakness From Bancolombia
Fri, 16 Feb 2018 00:20:55 GMT
Colcap, the main index of the Colombian Stock Exchange, fell 0.25% at 1,515.13 points near to the end of Thursday's trade, due to the poor performance of Bancolombia's shares.
U.S. 'junk' bond funds hit by second biggest cash withdrawals: Lipper
Fri, 16 Feb 2018 00:02:42 GMT
NEW YORK (Reuters) - U.S. fund investors fled the riskier corners of the debt market, pulling the second-highest amount of cash on record from high-yield "junk" bonds during the latest week, Lipper...
COLOMBIA: Economy Grows 1.2% In December On An Annual Basis
Thu, 15 Feb 2018 23:52:58 GMT
Colombia's Economic Monitoring Indicator (ISE) rose to 179.9 in December 2017, an acceleration of 1.2% on an annual basis and a 1.6% improve from November, said the South American country's statistics office.
ARGENTINA: Monthly Consumer Price Decelerates To 1.8% In January
Thu, 15 Feb 2018 23:48:04 GMT
The Argentinean Consumer Price Index (CPI) rose by 1.8% in January 2018, after increasing 3.1% in December 2017, said the country's statistics office. Despite the deceleration, the reading was higher than market expectations for the monthly consumer price inflation (+1.5%).
January's lousy retail sales are 'Poppycock': former Hudson's Bay CEO
Thu, 15 Feb 2018 23:32:00 GMT
Retail sales decline in January. Former Hudson's Bay CEO says not to worry: yearly retail sales are up.
New Zealand Manufacturing Sector Picks Up Steam In January
Thu, 15 Feb 2018 23:00:25 GMT
The manufacturing sector in New Zealand continued to expand in January, and at an accelerated pace, the latest survey from Business NZ revealed on Friday with a Manufacturing PMI score of 55.6.
BRAZIL: Forecast For Primary Deficit In 2018 Drops To R$ 149.1 Billion
Thu, 15 Feb 2018 22:45:34 GMT
The market forecast for the Brazilian primary deficit in 2018 decreased to R$ 149.186 billion (US$ 46.29 billion), according to a monthly survey conducted by the Ministry of Finance. In the previous survey, analysts had expected a deficit of R$ 153.944 billion - a figure already slightly below the government's fiscal target for 2018 (R$ 159 billion).
Allergy Standards Limited (ASL) attends the United Nations Assembly: Innovation & Collaboration for a Sustainable World
Thu, 15 Feb 2018 22:34:39 GMT

New York, NY, Feb. 15, 2018 (GLOBE NEWSWIRE) -- ASL, headquartered in Dublin, Ireland, is an International Standards Body and is the science behind the World's Most Recognised Certification Mark for asthma & allergy friendly® Products. ASL is committed to optimizing indoor air quality worldwide by facilitating the development of healthier products and services, an issue which is often linked to sustainability.

0_int_Courtney-and-Lea_UN_Headquarters.jpg
Lea Daulan & Courtney Sunna at the UN Headquarters, NY



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Courtney and Lea were invited as Outstanding Young Leaders based on their work involvement, achievements, and interest in sustainable development in the United Nations. Lea was previously awarded the Outstanding Delegate Award for her work with the United Nations Environment Programme (UNEP).

As UN Delegates, Courtney and Lea will have the unique opportunity to speak and inspire young people through their work and commitment to global development and the success of the United Nations' Sustainable Development Goals (SDGs). Several dimensions of Sustainable Development are impacted by the work done by Courtney and Lea at ASL, including:

  • Goal 3: Good Health and Well-Being
  • Goal 9: Industry, Innovation ...

Full story available on Benzinga.com

New Zealand Bond Holdings Data Due On Friday
Thu, 15 Feb 2018 22:30:25 GMT
New Zealand will on Friday release January numbers for non-resident bond holdings, highlighting a light day for Asia-Pacific economic activity.
COLOMBIA: GDP Grew 1.6% In 4Q17 Compared To 4Q16
Thu, 15 Feb 2018 21:31:25 GMT
Colombia's Gross Domestic Product (GDP) in the fourth quarter of 2017 grew 1.6% compared to the same period of previous year, said the country's statistics office. Compared to the third quarter of 2017, the Colombian GDP grew 0.3%.
ARGENTINA: Telecom Plans US$ 5 Billion In Investments In 2018
Thu, 15 Feb 2018 21:20:56 GMT
Argentinean President Mauricio Macri on Thursday received the CEO of the Telecom Argentina group, Carlos Moltini, who announced that the company would launch an investment plan for US$ 5 billion this year to expand and improve the telecommunications service.
CBS gains 2% after earnings beat
Thu, 15 Feb 2018 21:01:00 GMT
The broadcast media company's earnings come amid chatter over its potential recombination with Viacom.
Oilfield Services Market Size & Share Projected to Reach US $127.31 Bn by 2022
Thu, 15 Feb 2018 21:00:00 GMT

New York, NY, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Oilfield Services Market (Pressure Pumping Services, Oil Country Tubular Goods, Wireline Services, Well Completion Equipment & Services, Well Intervention Services, Drilling & Completion Fluid Services, and Coiled Tubing Services) for Offshore and Onshore Applications: Global Industry Perspective, Comprehensive Analysis and Forecast, 2016 - 2022". According to the report, the global oilfield services market accounted for USD 102.08 billion in 2016 and is expected to reach USD 127.31 billion by 2022, growing at a CAGR of 3.8% between 2017 and 2022. 

Global oilfield services market is expected to witness positive growth within the forecast period on account of increasing consumption of oil & gas resources. This has encouraged the key players across the globe to invest in the exploration and production of oil & gas in order to meet the demands of the population. Oilfield service companies assist in the setting up of oil and gas wells. In general, these companies manufacture, repair and maintain equipment used in oil extraction and transport. The services are also helpful in good logging, perforation, zonal isolation, well stimulation, sand washing and setting tubing plugs. Oilfield services and equipment are critical for the upstream sector and account for a large share of oil and gas companies' spending. The increased consumption of oil and gas across the globe is expected to be the major driver for the oilfield services market. The growing demand has resulted in various government and private sector investments in the drilling and exploration of oil and gas resources. Moreover, increasing shale gas production is expected to further propel the growth of the oilfield services market within the forecast period. The increased focus on renewable energy in order to combat the global climate change issues is expected to curb the growth of the oilfield services market in ...

Full story available on Benzinga.com

Boston Beer taps Peet's Coffee CEO as its new head
Thu, 15 Feb 2018 20:56:00 GMT
Boston Beer Company has picked Dave Burwick, current head of Peet's Coffee, as its newest CEO, Boston Business Journal reports.
Elon Musk and SpaceX are 'adding energy to the space market,' Boeing CEO says
Thu, 15 Feb 2018 20:32:00 GMT
Boeing is undeterred by all the buzz around SpaceX and its founder Elon Musk.
Steve Bannon met with special counsel Mueller multiple times this week, says NBC News, citing sources
Thu, 15 Feb 2018 19:30:00 GMT
Bannon met with Robert Mueller for about 20 hours, according to the NBC report.
Despite China's Ban, Overall U.S. Scrap Exports Remain Strong in 2017
Thu, 15 Feb 2018 18:42:09 GMT

Washington, DC, Feb. 15, 2018 (GLOBE NEWSWIRE) -- News that China would ban certain scrap imports shook the recycling industry last summer, yet U.S. global scrap exports increased overall in 2017 according to a new analysis from the Institute of Scrap Recycling Industries (ISRI). As improved demand for ferrous and nonferrous metal scrap more than offset weaker demand for non-metallic scrap, total U.S. scrap exports advanced in 2017 in both value and volume terms.

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Following China's notification to the World Trade Organization in July that mixed/unsorted RP imports into the country would be banned, recovered paper export prices (and mixed paper prices in particular) were pressured sharply lower. That reversed significant price gains earlier in the year.



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The drop-off in Chinese import demand for plastic scrap was especially dramatic late in the year.



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"Despite adversity in 2017, the recycling industry proved to be very resilient as it has shown to be so many times in the past," said ISRI Chief Economist Joe Pickard. "Scrap is a valuable commodity used as feedstock in the manufacturing process in countries around the world. Its constant demand demonstrates the longstanding value and need in the global marketplace. However, while overall exports fared better in 2017 and provide some ground for optimism, one need look no further than the plastics data to see the potential impacts of China's import ban on other scrap commodities."

According to recently released Census Bureau data, U.S. ...

Full story available on Benzinga.com

Boeing wants to produce a plane every 10 hours by 2020, CEO says
Thu, 15 Feb 2018 18:26:00 GMT
Boeing is pumping out airplanes at a record pace and aims to keep climbing.
Trump's tax cuts were a big way 'to unleash economic energy' in America, Boeing CEO says
Thu, 15 Feb 2018 17:11:00 GMT
Boeing CEO Dennis Muilenburg said it will invest "additional billions" over the next several years.
Hedge funds hook shipping stocks grappling for recovery
Thu, 15 Feb 2018 16:53:08 GMT
LONDON (Reuters) - Shipping stocks may still be in the doldrums in the view of many investors, but hedge funds have bet at least $675 million on signs of renewed buoyancy in the industry.
Boeing CEO: Aerospace now viewed as an industry with 'long-term sustained growth'
Thu, 15 Feb 2018 16:08:00 GMT
Boeing CEO Dennis Muilenburg told CNBC on Thursday he isn't surprised to see his company's shares rallying.
Broad-basket commods funds post largest net inflow in seven years
Thu, 15 Feb 2018 15:59:50 GMT
NEW YORK (Reuters) - Financial advisors and smaller retail investors, wary that inflation may be brewing again, ratcheted up their bets on funds in Morningstar's Commodities Broad Basket fund...
Frack sand delays to hurt Halliburton's first-quarter earnings
Thu, 15 Feb 2018 15:27:00 GMT
Halliburton's first-quarter earnings would be reduced by 10 cents per share due to delays in sand deliveries, a company executive said on Thursday.
Retirement savers, how much market risk can you handle£
Thu, 15 Feb 2018 15:19:52 GMT
CHICAGO (Reuters) - The opinions expressed here are those of the author, a columnist for Reuters.
Instant Replay£ January Appears To Be Back On Wall Street Amid Fierce Rally
Thu, 15 Feb 2018 15:11:01 GMT

It’s starting to feel like mid-January again, not mid-February, as the rally keeps rolling. It’s amazing how quickly the psychology has changed in this market. Still, volatility like investors just saw typically takes a while to play out, so caution remains a watchword.

Stocks looked poised to continue moving higher early Thursday, as the Dow Jones Industrial Average ($DJI) climbed 250 points in pre-market trading despite another rise to new four-year peaks in bond yields. European and Asian markets rose in the wake of Wall Street’s fourth-consecutive session of gains Wednesday, and crude oil climbed while the dollar eased. The S&P 500 (SPX) is up nearly 7% from the intraday low of last Friday.

This rally comes even as yields in the interest rate complex show no signs of slowing down. The benchmark 10-year yield traded at 2.92% early Thursday, marking new four-year highs and creeping toward the closely watched 3% level. It last touched 3% in early January 2014. However, the market doesn’t appear too shy about 3% at this point, perhaps because some people might have come around to the view that rising rates often signal economic strength.

Yesterday’s hotter-than-expected consumer price index (CPI) report seemed to generate some new selling in bonds as investors contemplated the possible impact of inflation on Fed policy this year. Keep in mind, however, that as far as rates are concerned, the report didn’t really change things on the ground. The market had been pricing in chances for three to four rate hikes this year before the data, and continues to now (see more detail below).

Early Thursday brought the producer price index (PPI) for January. The results met Wall Street analysts’ consensus of 0.4%, so presumably it won’t send stocks on a wild ride the way CPI did yesterday, though you never can predict these things.

The big earnings news late Wednesday came from Cisco Systems, Inc. (NASDAQ: CSCO), where revenue rose 3% after declining eight-consecutive quarters. The company’s results beat Wall Street analysts’ estimates on both top- and bottom-lines, and shares jumped more than 7% in pre-market trading. That followed a day when the info tech sector helped lead the rally with gains of nearly 2%. The so-called “FAANG” stocks led the way Wednesday, and have generally done pretty well vs. the overall market in this time of tumultuousness. Apple Inc (NASDAQ: AAPL), Amazon.com, Inc. (NASDAQ: AMZN), and Facebook Inc (NASDAQ: FB), and Netflix, Inc. (NASDAQ: NFLX) all delivered big gains yesterday.

Though the info tech sector is down over the last month, it’s posted better gains than the broader market over the past week. So have financials, another sector sometimes seen as a leader on Wall Street.

Volatility eased in a massive way Wednesday, with VIX falling below 20 for the first time since things went haywire earlier this month. VIX kept falling early Thursday, descending ...

Full story available on Benzinga.com

Homebuilders shrug off higher mortgage rates, stay optimistic on economic boost from tax cuts
Thu, 15 Feb 2018 15:00:00 GMT
Tax cuts are still making homebuilders feel better, even as rates rise.
With 6.12% CAGR, Endoscopy Devices Market to Exceed USD 41,813.42 million by 2021
Thu, 15 Feb 2018 15:00:00 GMT

New York, NY, Feb. 15, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Endoscopy Devices Market (Endoscopes, Visualization Systems and Operative Devices) for Gastrointestinal Surgeries, Urology/Gynecology Surgeries, ENT Surgeries, Cardiovascular Surgeries, Neuro/Spinal Surgeries, Laparoscopy Surgeries and Arthroscopy Surgeries Applications - Global Industry Perspective, Comprehensive Analysis and Forecast, 2015 – 2021". The global endoscopy devices market was valued at USD 29,591.27 million in 2015, and is expected to generate revenue of USD 41,813.42 million by end of 2021, growing at a CAGR of 6.12% between 2016 and 2021.

Consistent technological advancements have added new-fangled products to the endoscopy devices market. Current endoscopes also referred video scopes, give enhanced image quality and are more durable compared to conventional fiber optic endoscopes. Endoscopy makes it possible to detect and analyze problems within patient's body without making any large incisions. This technology is a great example of the technological advancement in the medical field. Because modern endoscopy has relatively few risks, delivers detailed images, and is quick to carry out, it has proven incredibly useful in many areas of medicine.

Browse through 29 Tables & 38 Figures spread over 167 Pages and in-depth TOC on "Global Endoscopy Devices Market by Device Type & Applications, 2015-2021".

Request Free Sample copy of Global Endoscopy Devices Market Report @ https://www.zionmarketresearch.com/sample/endoscopy-devices-market

There were only two types of endoscopes in the market such as flexible and rigid endoscopes. With the increase in demand for ground-breaking technologies, newer versions of endoscopes are gaining traction including capsule and robot-assisted endoscopes. Different operative devices in the endoscopy include energy systems, access devices, suction/irrigation systems, operative hand instruments and others. Visualization systems ...

Full story available on Benzinga.com

It costs $26,000 to mine one bitcoin in South Korea — and just $530 in Venezuela
Thu, 15 Feb 2018 14:31:00 GMT
Mining just one bitcoin in South Korea costs $26,170, according to data released by lighting and furniture firm Elite Fixtures.
US factory output fails to grow for second straight month
Thu, 15 Feb 2018 14:15:00 GMT
U.S. factory output was flat for the second straight month in January, raising questions about the manufacturing outlook.
Slew Of U.S. Economic Data In Focus On Wall Street
Thu, 15 Feb 2018 14:05:01 GMT
The major U.S. index futures are pointing to a higher opening on Thursday, with stocks likely to extend the upward move seen over the past few sessions.
Gasoline, health care lift US producer prices in January
Thu, 15 Feb 2018 13:30:00 GMT
Prices accelerated in January, offering more evidence that inflation pressures were building up.
US weekly jobless claims rebound from near 45-year lows
Thu, 15 Feb 2018 13:30:00 GMT
The number of Americans filing for unemployment benefits rebounded from a near 45-year low last week.
These jobs don't have enough people to fill them. See if you can
Thu, 15 Feb 2018 13:30:00 GMT
Employers need people for these in-demand job openings.
Standard Life Aberdeen hit as biggest client Lloyds pulls plug on $153 billion deal
Thu, 15 Feb 2018 13:26:00 GMT
Lloyds Banking Group ended a $153 billion asset management deal with Standard Life Aberdeen.
Why Increases In US Bond Yields Hurt Your Stocks
Thu, 15 Feb 2018 13:20:07 GMT

The stock market has experienced historically high volume in recent weeks, and much of the blame has been placed on rising interest rates. The relationship between stock prices and bond yields may not be intuitive for new investors, but here’s an overview of how it typically works.

When U.S. inflation starts to rise, the Federal Reserve typically attempts to slow it down by raising interest rates. On the surface, rising interest rates and bond yields aren’t necessarily bad news for stocks, as long as the underlying economy and corporate earnings growth is still strong. Investors should remember that stocks and bonds are always in a competition for investment dollars, and investors are much more likely to choose bonds when yields are higher.

History Lesson

Since the financial crisis in 2008-2009, the stock market has been on a tear, roughly quadrupling in value. But the caveat ...

Full story available on Benzinga.com

Why Increases In US Bond Yields Hurt Your Stocks
Thu, 15 Feb 2018 13:20:07 GMT

The stock market has experienced historically high volume in recent weeks, and much of the blame has been placed on rising interest rates. The relationship between stock prices and bond yields may not be intuitive for new investors, but here’s an overview of how it typically works.

When U.S. inflation starts to rise, the Federal Reserve typically attempts to slow it down by raising interest rates. On the surface, rising interest rates and bond yields aren’t necessarily bad news for stocks, as long as the underlying economy and corporate earnings growth is still strong. Investors should remember that stocks and bonds are always in a competition for investment dollars, and investors are much more likely to choose bonds when yields are higher.

History Lesson

Since the financial crisis in 2008-2009, the stock market has been on a tear, roughly quadrupling in value. But the caveat ...

Full story available on Benzinga.com

Billionaire Blackstone CEO: Inflation fears should not overshadow benefits of a stronger economy
Thu, 15 Feb 2018 12:45:00 GMT
Schwarzman encourages investors not to lose sight of the big picture in the recent market swings.
Wall Street To Open Higher As Market Is In Recovery Mood
Thu, 15 Feb 2018 12:18:32 GMT
The market continues to be in a recovery mood and the early signs from the U.S. Futures Index shows that Wall Street might open broadly higher. The investors are keenly watching the movement of dollar against majors.
NJIT Named One of Princeton Review's 2018 Colleges That Pay You Back
Thu, 15 Feb 2018 11:00:00 GMT

Newark, NJ, Feb. 15, 2018 (GLOBE NEWSWIRE) -- New Jersey Institute of Technology (NJIT) is one of the nation's best colleges for students seeking a superb education with great career preparation and at an affordable price according to The Princeton Review®.

The education services company profiles NJIT in the recently published 2018 edition of its annual guide, Colleges That Pay You Back: The 200 Schools That Give You the Best Bang for Your Tuition Buck. In order to make the list, institutions must demonstrate a strong academic program and affordability, and offer strong opportunities for career prospects after graduation. A return on an academic investment is a highly sought-after quality, and according to the guide, NJIT is among the top 1 percent in the United States for occupational earnings power.

"Our students know that an NJIT degree is both affordable and a catalyst for career success. The fact that our students graduate with an average of nearly three job offers in hand and starting ...

Full story available on Benzinga.com

Likely US inflation to reach 2.1 percent by the end of the year: Pro
Thu, 15 Feb 2018 09:14:00 GMT
Saker Nusseibeh, CEO and banking standards board member at Hermes Investment Management, speaks about U.S. markets.
Economic Data Scheduled For Thursday
Thu, 15 Feb 2018 09:13:43 GMT
  • Data on initial jobless claims for the latest week will be released at 8:30 a.m. ET.
  • The Producer Price Index for January is schedule for release at 8:30 a.m. ET.
  • The Philly Fed manufacturing index for February will be released at ...

Full story available on Benzinga.com

Workers need a pay raise in Germany, says Trade Union Confederation president
Thu, 15 Feb 2018 08:55:00 GMT
Reiner Hoffmann, president of the German Trade Union Confederation, discusses minimum wage in Germany.
Don't expect the euro to go too much higher, strategist says
Thu, 15 Feb 2018 08:23:00 GMT
Nandini Ramakrishnan, global market strategist at J.P. Morgan Asset Management, speaks about European markets.
Europe markets open higher as investors shrug off strong US inflation data
Thu, 15 Feb 2018 08:03:00 GMT
European stocks opened as investors appeared to take stronger-than-anticipated U.S. inflation data in their stride.
Broad consensus among investors that we're going in the right direction: Nestle CEO
Thu, 15 Feb 2018 07:58:00 GMT
Mark Schneider speaks about his company's relationship with its investors.
Don't intend to increase stake in L'Oreal, says Nestle CEO
Thu, 15 Feb 2018 07:54:00 GMT
Mark Schneider discusses his company's involvement with cosmetics giant L'Oreal.
We are serving India's priorities with automation and digitization: Schneider Electric CEO
Thu, 15 Feb 2018 07:40:00 GMT
Jean-Pascal Tricoire speaks about the impact of currencies on his business, and discusses its activity in China and India.
Airbus takes $1.6 billion charge on A400M military plane
Thu, 15 Feb 2018 07:05:00 GMT
Airbus took a 1.3 billion euros ($1.6 billion) write-down on its A400M military transport plane on Thursday.
Any brand wanting to reach out globally could learn from China: Pro
Thu, 15 Feb 2018 06:57:00 GMT
China Skinny Managing Director Mark Tanner discusses consumer trends in China.
Former South African President Jacob Zuma not expected to go quietly
Thu, 15 Feb 2018 06:52:00 GMT
CNBC Africa's Karabo Letlhatlha reports on Zuma's exit and the state of the country's mining industry.
People need to know that Europe brings value: German Trade Union Confederation
Thu, 15 Feb 2018 06:40:00 GMT
Coalition offers the opportunity for a more European German policy, says Reiner Hoffmann, president of the German Trade Union Confederation.
Jacob Zuma steps down as South African president after 9 years
Thu, 15 Feb 2018 06:37:00 GMT
CNBC Africa's Chris Bishop reports on Jacob Zuma's resignation as president of South Africa, and the task his expected successor Cyril Ramaphosa faces.
Nestle sees organic growth of 2 to 4% in 2018
Thu, 15 Feb 2018 06:06:00 GMT
CNBC's Joumanna Bercetche reports from Vevey, Switzerland, on Nestle's latest earnings report.
Michael Kors, Tiffany & Co. are bargain retail stocks, analyst says
Wed, 14 Feb 2018 22:35:00 GMT
Nomura Instinet analyst points to Michael Kors and Tiffany & Co. as bargain retail stocks.
Long bonds a 'significant risk' as inflation revs: BlackRock's Rieder
Wed, 14 Feb 2018 22:15:39 GMT
NEW YORK (Reuters) - Long-dated bonds "represent a significant risk" as investors focus on signs inflation is rising, a top portfolio manager with BlackRock Inc said on Wednesday.
Sorry, not sorry: Wall Street not quitting 'vol' products
Wed, 14 Feb 2018 21:55:40 GMT
NEW YORK (Reuters) - One bank has expressed its regrets for the unraveling volatility trade.
U.S. bank stocks rally, analysts see more upside
Wed, 14 Feb 2018 21:42:16 GMT
(Reuters) - Bank shares soared on Wednesday as investors bet rising inflation would push up interest rates and boost bank profits, and analysts forecast yet more gains from strong economic growth and...
Stock market shrugs off CPI rise but inflation obsession may linger
Wed, 14 Feb 2018 18:43:25 GMT
NEW YORK (Reuters) - So, were the stock market's fears about inflation ... inflated£
JP Morgan slashes GDP estimate to 2.5% after 'hotter than Hades' inflation report
Wed, 14 Feb 2018 18:28:00 GMT
J.P. Morgan slashed expectations for economic growth thanks to a "hotter than Hades" inflation reading.
January spending weakness is temporary because consumers are about to get a big boost
Wed, 14 Feb 2018 17:27:00 GMT
Any signs of a weak consumer in January's retail sales drop should be reversed by the benefits of the tax package.
Americans are spending $751 million on their pets for Valentine's Day
Wed, 14 Feb 2018 16:47:00 GMT
How much do you love your pet£
Rising inflation rekindles a big market fear from the 1970s
Wed, 14 Feb 2018 16:32:00 GMT
January's hotter-than-expected consumer price index reading pushes the economy closer to a potential danger zone.
After months of flash sales and deep discounts, apparel prices spike the most in 3 decades
Wed, 14 Feb 2018 16:30:00 GMT
The Consumer Price Index on Wednesday revealed that apparel prices climbed 1.7 percent in January.
Might The Stock Market Recover From Earlier Declines£
Wed, 14 Feb 2018 16:07:00 GMT

Hold on! The three major benchmarks were poised to start the session on strong footing in the early going as investors awaited for inflation news. And then—bang!—they flipped solidly lower ahead of the open.

The widely watched Consumer Price Index (CPI) report released earlier offered another signal that inflation was on the rise. Within moments of the release, the trio moved sharply lower. The Labor Department’s report found that prices in January rose at a 0.5% clip, notably ahead of Wall Street’s expectations of a 0.4% gain. Core CPI, which strips out volatile food and energy prices, advanced by 0.3%, also higher than the 0.2% forecast.

The Dow Jones Industrials ($DJI), which, in pre-market trading, was trending higher in triple digits ahead of the report, immediately shifted course, falling as much as 300 points within three minutes. That appeared to cool off by the open, with the Dow down 77 points at the open. The S&P 500 (SPX) bounced around the flat line before the report was released. It was off by 7 points at the open while the Nasdaq Composite (COMP) had stronger upward momentum that turned 24 points to the downside.

If the markets stay on that pace, they could upset the four-peat on session gains they appeared to be headed toward early on. Or they could have a repeat of yesterday’s session, when the markets reversed course to end higher in afternoon trading.

Yesterday’s turnabout might not exactly have been about fair play, but it looked to help the markets score a third straight day of gains. However, it didn’t help year-to-date change of the direction of the trio, which were still in negative territory.

The Dow started yesterday's session off 180 points lower, but managed to edge up 0.2% at the close while the SPX added 0.3% and the Nasdaq climbed 0.5%. As of early this morning, the Dow and SPX were on track to record their worst monthly losses since August 2015, while Nasdaq’s pullback could be its poorest in two years.

Though it was a notable intraday swing for the Dow, some analysts said it might have been tied to a reluctance to make any drastic trades ahead of the today’s CPI report. Many said then that they feared that if the report showed further signs of inflation, it might tip the markets back into ...

Full story available on Benzinga.com

US business inventories rise more than expected in December
Wed, 14 Feb 2018 15:04:00 GMT
The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November.
US business inventories rise more than expected in December
Wed, 14 Feb 2018 15:04:00 GMT
The Commerce Department said on Wednesday that business inventories rose 0.4 percent after a similar gain in November.
Home Depot, Lowe's embark on spring hiring sprees as labor market stiffens
Wed, 14 Feb 2018 14:43:00 GMT
Two of the largest U.S. retailers are looking to hire more than 130,000 people combined.
Americans will spend about $19.6 billion on Valentine’s Day—including $654 million on co-workers
Wed, 14 Feb 2018 14:37:00 GMT
How do you stack up£
Inflation Data Likely To Weigh On Wall Street
Wed, 14 Feb 2018 14:00:32 GMT
The major U.S. index futures are pointing to a sharply lower opening on Wednesday following the rebound seen over the three previous sessions.
January retail sales post biggest decline in 11 months
Wed, 14 Feb 2018 13:31:00 GMT
U.S. retail sales unexpectedly fell in January, recording their biggest drop in nearly a year.
Consumer prices jump much more than forecast, sparking inflation fears
Wed, 14 Feb 2018 13:30:00 GMT
The Consumer Price Index, a key indicator of inflation trends, jumped 0.5 percent in January, well above expectations.
Democrats go on defense as the Republican tax plan grows more popular
Wed, 14 Feb 2018 13:00:00 GMT
America is learning to love the GOP tax plan, and that concerns Democrats as the November midterm elections approach.
2016 Virtual Reality (VR) Market Size Revenue to Grow by USD 26.89 Billion in 2022
Wed, 14 Feb 2018 12:55:42 GMT

New York, NY, Feb. 14, 2018 (GLOBE NEWSWIRE) -- Zion Market Research has published a new report titled "Virtual Reality (VR) Market by Hardware and Software for (Consumer, Commercial, Enterprise, Medical, Aerospace and Defense, Automotive, Energy and Others). Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2016 – 2022".

According to the report, the global virtual reality (VR) market was valued at approximately USD 2.02 billion in 2016 and is expected to reach approximately USD 26.89 billion by 2022, growing at a CAGR of around 54.01% between 2017 and 2022.

VR is an artificial environment which is created by software and presented to the user in such a way that the user belief and accepts it as a real environment. Unlike traditional user interfaces, virtual reality (VR) places the user inside an experience. Instead of viewing a screen in front of the users are immersed and able to interact with 3D worlds. By simulating as many senses as possible like vision, hearing, touch, even smell the computer is transformed into a gatekeeper to this artificial world.

Browse through 56 Tables & 31 Figures spread over 110 Pages and in-depth TOC on "Virtual Reality (VR) Market and Forecast, 2016 – 2022".

Request Free Sample copy of Global Virtual Reality (VR) Market Report @ https://www.zionmarketresearch.com/sample/virtual-reality-market

The increasing use of head-mounted displays in the entertainment and gaming sector along with a decline in the prices of displays and other hardware components of HMDs and increasing uses of VR in training purpose are the key driving factors for the VR market. Additionally, Increasing mobile phones, tablets, and smartphones with built-in VR functionalities that have become an important tool in the workplace to enhance smooth business workflows and operations. The market has the challenge to develop user-friendly virtual reality and tracking systems ...

Full story available on Benzinga.com

Fossil shares soar on earnings beat, as watchmaker sees stronger demand for wearables
Wed, 14 Feb 2018 12:50:00 GMT
Shares of Fossil surge after the company reports a surprise jump in demand for wearables.
Stock jitters and higher interest rates drive weekly mortgage applications down 4.1%
Wed, 14 Feb 2018 12:00:00 GMT
Buying a home is emotional enough. Add a 1,000-plus point drop in the stock market and buyers really start to sweat.
Futures Points To Higher Opening For Wall Street
Wed, 14 Feb 2018 11:49:31 GMT
Consumer Price Index, Retails Sales report and Mortgage Application data are the major announcement on Wednesday. The market is expected to keep up the momentum after a strong close on Tuesday. Initial trading trends on U.S. Futures Index suggest that Wall Street might open higher.
Inflation is seen rising in January, led by rising gas prices and rents
Wed, 14 Feb 2018 11:19:00 GMT
U.S. consumer prices likely increased solidly in January, boosted by rising gasoline and rents.
Economic Data Scheduled For Wednesday
Wed, 14 Feb 2018 09:17:54 GMT
  • The MBA's index of mortgage application activity for the latest week is schedule for release at 7:00 a.m. ET.
  • Data on retail sales for January will be ...

Full story available on Benzinga.com

We haven't peaked yet despite competition from apps, dating agency CEO says
Wed, 14 Feb 2018 08:50:00 GMT
Berkeley International CEO Mairead Molloy discusses the digitization of dating.
White House reportedly considering Mester for Fed vice chair
Tue, 13 Feb 2018 21:46:00 GMT
Loretta Mester is known as one of the more hawkish members in the Federal Reserve.
Blankfein: Tax cuts plus more spending while economy grows is like throwing 'lighter fluid on a fire'
Tue, 13 Feb 2018 21:39:00 GMT
Goldman's CEO says he wouldn't have done it, but calls the plan to spend while cutting taxes a 'bold move.'
Total US household debt soars to record above $13 trillion
Tue, 13 Feb 2018 19:53:00 GMT
Household debt rose to $13.15 trillion at year-end 2017, according to the Federal Reserve Bank of New York.
Steve Bannon: 'Yellen's my girl' and should have been reappointed
Tue, 13 Feb 2018 15:47:00 GMT
If Steve Bannon had his way in the White House, Janet Yellen would still be chair of the Federal Reserve.
Looming Inflation Data May Weigh On Wall Street
Tue, 13 Feb 2018 14:06:39 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday following the strong upward move seen in the previous session.
Wall Street Set For A Weak Start
Tue, 13 Feb 2018 12:03:06 GMT
There are no major announcements on the U.S. economic front on Tuesday, except the Redbook data. Earnings and cues from global development are closely watched by the investors.
US Inflation Preview: Spark Meets Powder Keg - 3 Scenarios
Mon, 12 Feb 2018 15:36:29 GMT
  • After wages finally caught up with employment and growth, only higher inflation is missing, raising the expectations for this report.
  • Elevated market volatility and the sensitivity to rate hikes promise a robust reaction to the outcome.
  • The three scenarios include the currencies likely to move most in each case

Why this inflation report is so important£

Everything is looking bright in the US economy: job growth is strong and steady, growth is picking up, and most recently, wages seem to have found a sustainable upward trajectory.

In addition, the substantial tax cuts raise prospects for a leg up growth. Most recently, Congress has added more fuel to the fire by agreeing on additional spending. It was easier reaching a compromise when everyone is happy, except for deficit hawks. The US government is stimulating the economy when the economy is already quite hot and warming up on its own.

And if the economy overheats, we may see higher inflation and consequently higher interest rates. The Federal Reserve may raise rates more than three times this year and perhaps also increase the final rate in this cycle. These fears have led to the recent market falls as stocks are undergoing a revaluation. 

But so far, inflation has been the missing piece in the story: it has not been following the textbooks and has not increased the economy as expected. Former Fed Chair Janet Yellen once described it as a "mystery," and many other economists are puzzled as well.

Now we get the first inflation report for 2018 when wages were rising at a faster pace. Are prices finally moving higher£ This has become a more important question after the recent jitters.

The CPI report is released alongside the retail sales one. Not that long ago, the retail sales numbers overshadowed the inflation ones. Core retail sales competed with the control group for dominating the market move, leaving core CPI behind. Yet things have changed ...

Full story available on Benzinga.com

Stocks May See Continued Rebound In Early Trading
Mon, 12 Feb 2018 14:07:01 GMT
The major U.S. index futures are pointing to a higher opening on Monday, with stocks likely to see further upside following the higher close seen last Friday.
Wall Street Poised For Strong Opening
Mon, 12 Feb 2018 11:38:46 GMT
The initial trading of U.S. Futures Index point to a broadly higher opening for Wall Street. Asian shares closed mixed on Monday, while European shares are trading higher. The week is awaiting various economic data such as producer and consumer prices, giving clue of inflation. Retails sales, industrial production, housing starts and home-builder confidence.
Bargain Hunting May Lead To Strength On Wall Street
Fri, 09 Feb 2018 13:51:48 GMT
The major U.S. index futures are pointing to a modestly higher opening on Friday following the sell-off seen in the previous session.
Wall Street To Bounce Back
Fri, 09 Feb 2018 11:52:56 GMT
Early signs from U.S. Futures Index show that the market is in a recovery mode and Wall Street might open higher. The investors might be feeling lucky as a second time shut down was ended quickly. However, concerns of inflation are looming over across the globe.
Wall Street Pointing To Lower Opening
Thu, 08 Feb 2018 12:00:04 GMT
Jobless claims for the week is projected to be slightly up from the prior week and the details will be announced on Thursday morning. Federal Balance Sheet and EIA's natural gas report are the other important announcements for the day.
Quick Correction: Market Takes Just 48 Trading Hours To Reverse Rally
Tue, 06 Feb 2018 15:16:53 GMT

The market continues to veer toward craziness, and now it’s in correction territory as volatility screams dramatically higher. Still, investors have to be careful not to run around with their heads on fire. Remember, many market professionals had warned a correction was due. The problem was, it happened in just 48 trading hours.

Whatever happens over the next trading day or two, there’s likely to be a longer-term shakeout. We could see two to three weeks of odd trading, and that means investors need to take special care. When going in for trades, it’s important to know the time frame, and to understand that short trades are exposed to more volatility. The huge jump in VIX from under 10 a month ago to around 50 now arguably says a lot about the current state of market anxiety, but one thing to keep in mind is that in recent years, sharp jumps in VIX typically haven’t had staying power. We’ll see if this turns out any differently.

There’s no sign of an end to the roller coaster ride, as volatility surged to new two-year highs early Tuesday before the opening bell. That means investors might want to mentally prepare for another day of potential sharp swings. However, it’s interesting to note that what arguably scared the market most — a spike in bond yields — has eased considerably over the last 24 hours.

The 10-year yield recently traded at 2.73%, down from four-year highs above 2.88% Monday. Borrowing costs remain on the low side historically, and it looks like investors may be buying bonds in a “flight to safety” type of move as stocks gyrate wildly. The U.S. Treasury is set to auction $15 billion in four-week bills and $30 billion in 70-day bills, in addition to an auction of $26 billion in three-year notes. The results of those auctions could be worth watching.

The U.S. flu spread to Europe and Asia overnight, with stocks in Germany and Britain falling 2%, Japan’s Nikkei down nearly 5%, and Chinese stocks down 3% to 5%. Another overnight development was some confusion in the products that trade volatility. Sometimes weakness in products can come out at stressful times like these and that can cause another ripple, which could help explain the volatility spike this morning.

Anyone looking for Fed response to the Wall Street woes might end up disappointed. There aren’t any Fed speakers scheduled today, but new Fed Chair Jerome Powell is now in the driver’s seat. Some analysts argued that aspects of this plunge might have to do with concerns about Powell taking the reins from former Fed Chair Janet Yellen, whose policy views and commitment to gradual rate hikes were well known. However, the sense is that Powell comes from the same school of thought.

From a point-loss perspective, the market’s performance Friday and Monday was the worst in history. Still, percentages mean more, ...

Full story available on Benzinga.com

With A Consent Order Limiting Wells Fargo's Growth, Morgan Stanley Issues Downgrade
Tue, 06 Feb 2018 14:33:00 GMT

The Federal Reserve issued a consent order Friday that limits Wells Fargo & Co (NYSE: WFC)'s average asset size to its fourth-quarter 2017 levels of $1.95 trillion. The move is expected to cost the bank $400 million in earnings this year and prompted Morgan Stanley to drop its bullish stance on the stock. 

The Analyst

Morgan Stanley's Betsy Graseck downgraded Wells Fargo's stock rating from Overweight to Underweight with a price target lowered from $75 to $64.

The Thesis

The Federal Reserve has issued consent orders before, but the order against Wells Fargo is unique in that it forbids growth, Graseck said in the downgrade note. (See the analyst's track record here.) 

"Given that bank asset ...

Full story available on Benzinga.com

Fellow Banks Lose Faith In Wells Fargo, Downgrade On Fed Risk
Mon, 05 Feb 2018 15:26:36 GMT

Wells Fargo & Co (NYSE: WFC) received a cease-and-desist order Friday from the Federal Reserve that will limit asset growth to $1.95 trillion pending compliance, board oversight and risk management improvements.

The threat to net income prompted a number of Monday downgrades, with Morgan Stanley and JPMorgan assigning Underweight ratings and Citigroup and Keefe, Bruyette & Woods downgrading to Neutral or Market Perform.

The Initial Pain

Wells Fargo’s net income impact could extend beyond reduced deposits to include other revenues from institutional clients that are shifted to rival banks for comprehensive services, according to JPMorgan. 

Analyst Vivek Juneja said he expects tightened expansion of the investment banking and trading segments, as well as pain in other areas.

“The harsh Fed consent order is rare and a strong sign of regulators’ frustration about the very wide swath of areas where Wells has had issues,” ...

Full story available on Benzinga.com

Futures Pointing To Continued Weakness On Wall Street
Mon, 05 Feb 2018 13:41:50 GMT
The major U.S. index futures are pointing to a sharply lower opening on Monday, with stocks poised to extend the sell-off seen last week.
Upbeat Jobs Data May Add To Interest Rate Concerns
Fri, 02 Feb 2018 14:01:06 GMT
The major U.S. index futures are pointing to a lower opening on Friday, with stocks likely to come under pressure following the mixed performance seen in the previous session.
Interest Rate Worries May Weigh On Wall Street
Thu, 01 Feb 2018 14:01:03 GMT
The major U.S. index futures are pointing to a lower opening on Thursday, with stocks likely to move back to the downside following the modest rebound seen in the previous session.
Yellen Ends Term With Interest Rates Steady; Powell To Take Helm
Wed, 31 Jan 2018 21:31:37 GMT

Janet Yellen concluded her reign as the first chairwoman of the Federal Reserve Board and its Open Market Committee (FOMC) meeting today by holding interest rates unchanged in the same calm, composed manner in which she led the policymaking body for the last four years.

That likely did not surprise Fed rate watchers, given the 96% probability of that outcome as forecast by the CME FedWatch Tool, which uses Fed Fund futures prices to gauge the probability of an upcoming rate hike. The federal funds rate, which banks charge each other on overnight loans, stands in a 1.25%-1.5% range.

The closely-watched wording of the Fed statement was little changed, too, except for its view on inflation. “Market-based measures of inflation compensation have increased in recent months but remain low; survey-based measures of longer-term inflation expectations are little changed, on balance,” the statement said. By adding that “measures of inflation have increased in recent months,” the Fed might be signaling that more than three rate hikes could be on the table this year, some analysts said.

The statement “was slightly more hawkish,” Michael Farr, chief executive of Farr, Miller & Washington, an investment advisory firm, said on CNBC after the announcement. “They made enough room to go ahead and continue raising rates.”

In December, the Fed noted that it expects the benchmark rate to stand at 2.1% at the end of 2018, 2.7% by the end of 2019 and 3.1% in 2020. Rates are still widely considered accommodative, according to analysts.

The FedWatch tool jumped to an 82% probability of a rate hike in March after the announcement from the 75% stance it stood ahead of it. That two-day meeting starts March 20.   

The Fed said that it is still “supporting strong labor market conditions.” It also continued to note that “Near-term risks to the economic outlook appear roughly balanced, but the committee is monitoring inflation ...

Full story available on Benzinga.com

This Day In Market History: Ben Bernanke Takes Over As Fed Chair
Wed, 31 Jan 2018 17:14:03 GMT

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.

What Happened£

On this day 12 years ago, the Senate approved the appointment of Ben Bernanke as chairman of the Federal Reserve. 

Where Was The Market£

The S&P 500 was trading at 1,280.08 and the Dow Jones Industrial Average was at 10,864.86.

What Else Was Going On In The World£

In 2006, Google, now Alphabet Inc (NASDAQ: GOOG) (NASDAQ: GOOGL), bought YouTube for $1.65 billion in stock. Saddam Hussein was found guilty of crimes against humanity and sentenced to ...

Full story available on Benzinga.com

Bargain Hunting May Lead To Rebound On Wall Street
Wed, 31 Jan 2018 14:02:56 GMT
The major U.S. index futures are pointing to a sharply higher opening on Wednesday, with stocks likely to regain ground after moving notably lower over the two previous sessions.
Futures Pointing To Continued Pullback On Wall Street
Tue, 30 Jan 2018 14:02:14 GMT
The major U.S. index futures are pointing to a lower opening on Tuesday, with stocks poised to extend the pullback seen in the previous session.
The Week Ahead: Big Tech Earnings, Fed Rate Decision Likely To Dominate Headlines
Mon, 29 Jan 2018 19:45:04 GMT

Below is a list of notable corporate events for the week beginning Jan. 29. Note, this list is not comprehensive and all dates are subject to change.

Monday
Conferences

  • NobleCon 2018 Jan. 29 thru Jan. 30

Notable Earnings

  • Lockheed Martin Corporation (NYSE: LMT) Q4 premarket
  • Seagate Technology (NASDAQ: STX) Q2 premarket
  • Hawaiian Holdings, Inc (NASDAQ: HA) Q4 after hours

FDA/Biotech

  • VistaGen Therapeutics, Inc (NASDAQ: VTGN) Phase 2 AV-101 Update at Noble Capital Markets Investor Conference 4:30 p.m. ET
  • Investor Events
  • Energizer Holdings, Inc (NYSE: ENR) annual shareholder meeting
  • Avinger, Inc (NASDAQ: AVGR) special shareholder meeting to vote on $15M common stock offering to Lincoln Park Capital Fund

IPO Quiet Period Expiration
Dogness (International) Corporation (NASDAQ: DOGZ)
Secondary Offering Lockup Expirations

  • Clementia Pharmaceuticals Inc (NASDAQ: CMTA)

Tuesday
Economic

  • API U.S. Crude Oil Inventories 4:30 p.m. ET

Notable Earnings

  • McDonald's Corporation (NYSE: MCD) Q4 premarket
  • Harley-Davidson, Inc (NYSE: HOG) Q4 premarket
  • Pfizer Inc (NYSE: PFE) Q4 premarket
  • Illumina, Inc (NASDAQ: ILMN) Q4 after hours
  • Advanced Micro Devices, Inc (NASDAQ: AMD) Q4 after hours
  • Electronic Arts ...

Full story available on Benzinga.com

Profit Taking May Lead To Initial Weakness On Wall Street
Mon, 29 Jan 2018 13:47:25 GMT
The major U.S. index futures are pointing to a lower opening on Monday following the strong upward move shown by stocks last Friday.
Early Buying Interest May Be Limited By Disappointing GDP Data
Fri, 26 Jan 2018 14:01:19 GMT
The major U.S. index futures are pointing to a higher opening on Friday after closing mixed for two consecutive sessions. Early buying interest may be generated in reaction to the latest earnings news.
Stocks May Benefit From More Upbeat Earnings News
Thu, 25 Jan 2018 13:52:16 GMT
The major U.S. index futures are pointing to a higher opening on Thursday following the mixed performance seen in the previous session.
This Day In Market History: The California Gold Strike
Wed, 24 Jan 2018 15:34:29 GMT

Each day, Benzinga takes a look back at a notable market-related moment that happened on this date.

What Happened£

On this day 170 years ago, prospector James W. Marshall struck gold in Coloma, California and the great California Gold Rush began.

Where Was The Market£

Neither the S&P 500 nor the Dow Jones Industrial Average were around at the time.

What Else Was Going On In The World£

In 1848, construction on the Washington Monument began and the Treaty of Guadalupe Hidalgo ended the Mexican-American War and gave the U.S. possession of ...

Full story available on Benzinga.com

Upward Momentum May Lead To Continued Strength On Wall Street
Wed, 24 Jan 2018 13:52:25 GMT
The major U.S. index futures are pointing to a higher opening on Wednesday, with stocks likely to extend the upward trend seen in recent sessions.
Upbeat Earnings News May Lead To Strength On Wall Street
Tue, 23 Jan 2018 14:44:21 GMT
The major U.S. index futures are pointing to a higher opening on Tuesday, with stocks poised to extend the upward move seen in the previous session.
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