Manpreet Gill, Senior Investment Strategist at Standard Chartered Bank, attributes the decline of Japanese shares to the lack of a TPP agreement during U.S. President Barack Obama's visit to Tokyo.
As companies try to understand consumer behavior, data scientists are in high demand. Boasting a median base salary of $110,000 and a job-satisfaction score of 4.4 out of 5, data scientist was ranked No. 1 on the “Best Jobs in America” list in 2016 and 2017 based on the number of job openings, salary and overall job satisfaction.
By Sarah N. Lynch and Jonathan Spicer WASHINGTON/NEW YORK (Reuters) - Wall Street's top regulator faced questions on Thursday about its defenses against cyber criminals after admitting hackers breached its electronic database of corporate announcements and may have used it for insider trading. The SEC's EDGAR filing system is the central repository for market-moving information on corporate America with millions of filings ranging from quarterly earnings to statements on acquisitions. The SEC said late on Wednesday that a hack occurred in 2016 but it had only discovered last month that the cyber criminals may have used the information to make illicit trades.
Valeant Pharmaceuticals International Inc NYSE:VRX Score: Neutral (64) 7 days at current score. Upgraded from Negative on September 15th 2017 View full report here! Summary This company ranked positively in 3 out of 4 IHS Markit Categories
It’s official: Google has agreed to acquire a select team of engineers from HTC’s smartphone division for $1.1 billion in an all-cash deal. Under the terms of the unusual arrangement, the search giant won’t get a direct stake in HTC — instead, it’ll gain “non-exclusive” licensing rights to HTC’s current and future intellectual property. “It remains a complete mystery to me as to what Google is paying money for,” noted Richard Windsor, a former Nomura Securities analyst and the force behind Radio Free Mobile.
UK public sector borrowing is at its lowest level since the financial crisis, the ONS revealed this morning, giving chancellor Philip Hammond more wiggle room to ease austerity measures in his November budget. Public sector net borrowing in August was £5.7bn, far better than economists' more gloomy forecast of £7.1bn.
A healthy gain in the stock market and steadily increasing home prices boosted Americans' household wealth this spring, a trend that likely adds to the nation's inequality. The Federal Reserve said Thursday Americans' net worth rose 1.8 percent to $96.2 trillion in the April-June quarter.
Silicon Valley's tech industry continues to struggle with gender diversity in the workforce. Many of the biggest names in tech, including Google (NASDAQ: GOOG), Facebook (NYSE: FB) and Apple (NASDAQ: AAPL), have disproportionately male workforces, a disparity that's even more pronounced in technical roles. Trending: Meet the Bay Area's top 25 women-owned businesses for 2017 At Google, for example, 32 percent of the overall workforce is female and just 20 percent of its engineering and technical roles are held by women. The Mountain View-based search giant was hit last week with a class-action lawsuit led by three former employees who allege the company engages in systemic gender-based discrimination,
Volvo Cars, unveiling its first compact sport utility vehicle, is moving beyond eye-catching design and dashboard gadgetry by offering to eliminate some of the hassles of owning a car. The XC40 will be available across Europe from the end of September for a flat fee of 699 euros ($840) a month, the Gothenburg, Sweden-based carmaker said Thursday. The two-year contract covers taxes, insurance, basic maintenance, and, where available, a concierge service to handle tasks like fueling, cleaning and delivering e-commerce purchases to the car. “We will really be one of the most SUV-centered car companies of the world,” Chief Executive Officer Hakan Samuelsson said in an interview in Milan after the
Equifax continues its troubled response to its recent data breach affecting 143 million people. In the weeks since, scammers have tried to dupe consumers into revealing more information about themselves by using ruses related to Equifax. To make matters worse, Equifax has been inadvertently spreading at least one knockoff scam.
Duane Morris, gearing up for its first leadership change in a decade, might be best remembered for venturing into international markets during outgoing chairman and CEO John Soroko's tenure, but the firm also broke into South Jersey. "New Jersey has been a particularly strategic location," said Servodidio, the firm's employment, labor, benefits and immigration practice leader who sits primarily in the firm's Philadelphia home office but spends significant time in the Cherry Hill and Newark branches.
Contracts for difference, or CFDs, have hastened the demise of an Irish bank, triggered Ponzi schemes in Chile and featured in a $100 million U.S. insider-trading racket. More recently, they’ve spooked European regulators because of the risks they pose to retail investors. There are proposals to cap potential investor losses and to ban advertising of CFDs, which are pitched to investors via television commercials and sponsorships of soccer clubs from Real Madrid to Arsenal.
Bank of America Merrill Lynch thinks the hottest area of the global stock market has much higher to climb. Perhaps surprisingly, it's not the S&P 500, even though the benchmark US index has shown some serious strength, climbing 12% this year. Based on comparisons to past bull-market stretches, the group has historically risen roughly 230% during expansion periods that last 42 months on average, according to BAML data.
Now that Serena has welcomed her first child with her fiance Alexis Ohanian, she's clearly thinking about the world their daughter, Alexis, Jr., will be joining. It has inspired a beautiful open letter to her own mother, posted on Reddit, in which the superstar mused out loud about the challenges of raising a confident and supported black girl in a world that is not prepared to affirm her.
Anglo American last year rebuffed a takeover approach from Mr Agarwal, who was seeking to combine the business with Hindustan Zinc, the Indian miner he controls through FTSE 250-listed Vedanta Resources.
There are not yet any details available about the plot of this new prequel, but as a whole, the offshoots are slated to explore time periods in the world of Westeros before the events of Thrones. MORE: To stay up to date on everything Game of Thrones, follow our all-encompassing Facebook page and sign up for our exclusive newsletter.
It's a comparison no one wants to hear — that this stock market bears striking similarities to that of 1929. The observation is coming from Nobel Prize-winning economist Robert Shiller, who's been arguing valuations are extremely expensive.
A New Jersey man who won nearly a $340 million jackpot in the Powerball lottery four years ago has been charged with sexually assaulting a minor over the course of three years, prosecutors said. Pedro Quezada, a 49-year-old based in Wayne Township, is facing two counts of first-degree aggravated sexual assault, two counts of second-degree sexual assault and one count of second-degree endangering the welfare of a child, Passaic County Prosecutor Camelia M. Valdes said Wednesday, according to NJ.com. In 2013, Quezada won $338 million in one of the largest Powerball payouts in the state’s history.
Microsoft has been slowly and methodically rolling out the Windows 10 Creators Update to customers throughout 2017. If you are one of the lucky ones to receive the update already, you have likely noticed more than a few changes to how Windows 10 looks and works. One of the changes Microsoft implemented in the Windows 10 Creators Update that I don't like is the removal of the traditional Control Panel from the Win+X menu--that's the menu you see displayed when you right-click the Start button from the Desktop interface (Figure A).
A 6.1-magnitude earthquake hit off the coast of Japan Wednesday, just hours after a 7.1-magnitude event leveled central Mexico. The tremors erupted at 2:37 a.m. Tokyo time, and the epicenter was approximately 175 miles east of Kamaishi, not far from the 2011 quake that later sent tsunami waves racing toward Japan. The U.S. Geological Survey (USGS) reported the seismic event, but so far the National Oceanic and Atmospheric Administration (NOAA) has yet to comment on possible tsunami activity.
Key U.S. index funds were lower Wednesday after the Fed held rates steady, as expected, and said it would start trimming its balance sheet by October. XAutoplay: On | OffPowerShares QQQ Trust (QQQ) sank 1%, SPDR S&P 500 (SPY) fell 0.4% and SPDR Dow Jones Industrial Average (DIA) gave up 0.2%. Apple (AAPL) weighed with a 2% drop, which put the iPhone maker back below a 156.75 buy point as it breached its 50-day moving average. Oil funds led the upside as West Texas intermediate crude prices surged 2% to $50.43 a barrel. SPDR S&P Oil & Gas Exploration & Production (XOP) rose 2% and VanEck Vectors Oil Services (OIH) added 1.4%. United States Oil (USO) and PowerShares DB Oil (DBO) rose nearly 1%
The Federal Reserve took a small step to begin unwinding its crisis-driven asset purchases on Wednesday, but since the move was widely expected, the meeting's real drama hinged on the outlook for future rate hikes. Despite a string of benign inflation readings, Fed policymakers stuck to their guns, indicating a likelihood of four more rate hikes through the end of 2018. The updated outlook reflects a stark contrast with financial-market pricing, which sees just one rate hike (in December) through August 2018, according to the CME Group FedWatch tool. Starting in October, the Fed said it will gradually begin scaling back its $4.5 trillion balance sheet by letting $10 billion in principal run off per month, rather than continuing to reinvest all proceeds of maturing Treasury and mortgage bonds.
Industrial behemoth General Electric Co. (GE) was one of the biggest beneficiaries of infrastructure-driven "Trump Bump" following the election back in November. Shares charted more than 12% higher into the end of the year, besting the rest of the S&P 500 by a big margin. But fast forward to 2017, and things look very different for GE's price trajectory. Year-to-date General Electric has shed more than 23% of its market value, plummeting at the exact same time the rest of the broad market has been rallying higher. It's a great example of a good company with an awful stock. Shares have been downright toxic to hold in your portfolio for the last nine months. Importantly, GE's price action has been
Selling was concentrated in the Nasdaq composite in afternoon trading Wednesday as the Fed stuck to its forecast of four rate hikes through 2018, including one before the end of the year. The Fed left its key lending rate unchanged at 1%-1.25%, which was widely expected, but said it would start unwinding its $4.5 trillion balance sheet in October. After eight straight gains, the 10-year Treasury yield added another 3 basis points to 2.27%. XAutoplay: On | OffThe Nasdaq lost 0.4%; the S&P 500 gave up 0.1% and the Dow was nearly flat. Small caps held up well, with the Russell 2000 up 0.2%. Volume on both main exchanges picked up in the market after the Fed's policy statement at 2 p.m. ET. NYSE