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Reducing exposure to US stocks as valuations peak

gulfnews.com

Reducing exposure to US stocks as valuations peak

- Dubai: Lombard Odier has reduced its US stock holdings slightly as valuations soar. The manager with $233 billion (Dh855 billion) of assets under management offloaded part of its holdings in the world’s largest economy three months ago. “We have slightly reduced exposure in the US. We are underweight one step on the US. Still we hold US shares, but we hold less than what we held about three months,” Christophe Lalandre, managing director at Lombard Odier told Gulf News in a phone interview

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Boise Bench Market, one of the last neighborhood markets, has closed

idahostatesman.com

Boise Bench Market, one of the last neighborhood markets, has closed

- Boise has lost another neighborhood market. The Boise Bench Market, 2207 W. Overland Road, is closed, and the building is for sale. The market featured fresh local produce, milk and other dairy products and artisan gifts. Owner Eric Lowe and others left a note on the front of the building reading, “We have decided to close our doors. We appreciate you all so much & will miss you — Eric, Trina, Mike and Jer

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Tags: Markets | 
Places: Americas |  North America |  United States |  West |  Mountain |  Idaho |  Ada |  Boise | 

Memorial Day 2017 Monday — Are Post Offices, Banks, Stock Markets, Liquor Stores Open Or Closed?

inquisitr.com

Memorial Day 2017 Monday — Are Post Offices, Banks, Stock Markets, Liquor Stores Open Or Closed?

- Memorial Day 2017 weekend is here and above all else, it is a day to honor our nation’s military members both from the past and in the present. Without these brave men and women, the nation would not be where it is today, a place where freedom rings. Memorial Day is the unofficial start of the summer for many folks so many will find themselves opening their pools, dusting off their furnishings in their summer homes, and pulling out the yard furniture for the first time this year

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Places: Americas |  North America |  United States | 

Shireman's Farm Market turns local fruit into popsicles

wdrb.com

Shireman's Farm Market turns local fruit into popsicles

- NEW ALBANY, Ind. (WDRB) -- Shireman's Farm Market is turning some of its fresh, local produce into popsicles, just in time for summer. Caroline Rosa Kesten, a longtime employee of Shireman's Farm Market, is creating the cold treats. Lemongrass lime, pecan pie, watermelon kiwi and strawberry pineapple are among the offered flavors, as part of her business, My, Oh My Lollies Gourmet Pops

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Tags: Farms |  AgriBusiness |  Markets |  Agricultural markets | 
Places: Americas |  North America |  United States |  Midwest |  East |  Indiana |  Floyd |  New Albany | 

K2 Sports, other sports brands sold to private equity firm

seattletimes.com

K2 Sports, other sports brands sold to private equity firm

- Hoboken, N.J.-based consumer-goods giant Newell Brands is selling its winter-sports businesses, which include Seattle-based K2 Sports ski-maker and Ride snowboards. The new owner will be New York-based private equity firm Kohlberg & Company. The $240 million deal is expected to close late in the second quarter or early in the third quarter. K2 and Ride could not be reached for comments or details on how the transaction will affect the companies

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Inside Business: ND Trade Office gets presidential award

inforum.com

Inside Business: ND Trade Office gets presidential award

- It's the highest honor that U.S. entities can get for contributing to the expansion of exports, according to a news release. In a congratulatory letter, Ross praised the North Dakota Trade Office for developing a 12-week export management course in partnership with state universities, as well as its Trade Talks series of seminars and webinars. "The North Dakota Trade Office's achievements have undoubtedly contributed to national export expansion efforts that support the U

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Places: Americas |  North America |  United States |  Midwest |  West |  North Dakota | 

Google is watching your in-store shopping habits

wesh.com

Google is watching your in-store shopping habits

- Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising

Categories: Business | 
Places: Americas |  North America |  United States | 

Google is watching your in-store shopping habits

wcvb.com

Google is watching your in-store shopping habits

- Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising

Categories: Business | 
Places: Americas |  North America |  United States | 

Google is watching your in-store shopping habits

wmur.com

Google is watching your in-store shopping habits

- Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising

Categories: Business | 
Places: Americas |  North America |  United States | 

Google is watching your in-store shopping habits

wlwt.com

Google is watching your in-store shopping habits

- Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising

Categories: Business | 
Places: Americas |  North America |  United States | 

Google is watching your in-store shopping habits

ketv.com

Google is watching your in-store shopping habits

- Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising

Categories: Business | 
Places: Americas |  North America |  United States | 

Google is watching your in-store shopping habits

kcci.com

Google is watching your in-store shopping habits

- Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising

Categories: Business | 
Places: Americas |  North America |  United States | 

China Exerts More Control Over Its Currency With Tweak to Yuan Fix

wsj.com

China Exerts More Control Over Its Currency With Tweak to Yuan Fix

- Updated May 26, 2017 7:35 a.m. ET BEIJING—China’s central bank said it was tweaking the mechanism for setting the yuan’s daily fix to smooth out fluctuations against the dollar, an acknowledgment that the country is hitching the yuan’s value closer to the U.S. currency. The People’s Bank of China said it was adding a “countercyclical” component to its model to prevent big swings

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Places: Americas |  North America |  United States | 

Japan's big insurers expand their appetites for US Treasuries

channelnewsasia.com

Japan's big insurers expand their appetites for US Treasuries

- TOKYO: Big Japanese life insurers, who are major bond investors globally, are primarily focusing on U.S. bonds while staying cautious on European bonds, earning reports and comments from industry executives show. U.S. bonds have become more attractive as some Japanese insurers have been able to earn extra income by lending these to Japanese banks, which in turn use Treasuries as collateral to raise dollars in repo markets

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Tags: Markets |  Bond market |  Insurance | 
Places: United States |  Asia |  N.E. Asia |  Japan |  Singapore |  Honshu |  Kantō |  Tokyo | 

Leaks with oil and yellow metal | Calamatta Cuschieri

maltatoday.com.mt

Leaks with oil and yellow metal | Calamatta Cuschieri

- On Thursday European markets closed mixed following the NATO meeting in Brussels attended by the US President Donald Trump and digested the news that OPEC agreed to extend the oil output. On Thursday European markets closed mixed following the NATO meeting in Brussels attended by the US President Donald Trump and digested the news that OPEC agreed to extend the oil output

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Tags: Markets | 
Places: United States |  Malta | 

Retailers cheer GOP retreat on ending debit card fees limit

siouxcityjournal.com

Retailers cheer GOP retreat on ending debit card fees limit

- WASHINGTON | Restaurants, grocers and other businesses celebrated on Thursday as House Republicans backed off efforts to eliminate the cap on fees that banks can charge retailers when customers use a debit card. The chairman of the Financial Services Committee, Rep. Jeb Hensarling, R-Texas, had pushed for scrapping the limit as part of his legislation to gut the Dodd-Frank law, the strict financial rules established after the 2008 financial crisis and the Great Recession

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Tags: Markets |  Retail Markets | 
Places: Americas |  North America |  United States | 

Fund manager Q&A: Emerging markets funds

abcnews.com

Fund manager Q&A: Emerging markets funds

- Investors have been betting heavily on emerging markets stocks this year, and the strategy appears to be paying off. The MSCI Emerging Markets Investment Market Index, which covers securities across developing nations, is up nearly 16 percent this year, according to FactSet. Compare that with the Standard & Poor's 500 index, which is up 7.2 percent. Fund investors are piling in

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Home / United States / Business / Markets
China's industrial profits maintain good growth
China's major industrial firms posted double-digit profit growth in the first four months of this year, the National Bureau of Statistics (NBS) said Saturday. Industrial companies with annual revenues of more than 20 million yuan (about 2.92 million U.S. dollars) reported profits of 2.28 trillion yuan in the first four months, a 24.4-percent increase from one year earlier, the NBS said in a statement   Read More ...
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Stocks with high share prices like Amazon and Alphabet are vulnerable to market manipulation
Stocks with high share prices like Amazon and Alphabet are vulnerable to market manipulation With Amazon and Alphabet shares hovering around $1000, there's been plenty of debate about whether the stocks should be split, at least for the benefit of retail investors who may want to buy at lower prices. However, there's another important factor to consider: High stock prices could leave the door open for potential market manipulation. That's according to Michael Friedman, General Counsel at electronic trading firm Trillium   Read More ...
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US rig count rises 7 this week to 908
US rig count rises 7 this week to 908 HOUSTON — The number of rigs exploring for oil and natural gas in the U.S. rose by seven this week to 908. A year ago, 404 rigs were active. Houston oilfield services company Baker Hughes said Friday that 722 rigs sought oil and 185 explored for natural gas this week. One was listed as miscellaneous. Colorado added five rigs while Alaska, New Mexico, North Dakota and Oklahoma each gained one   Read More ...
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Is the real estate market about to crash? No way, says this CEO — and here's why
Is the real estate market about to crash? No way, says this CEO — and here's why With corporate headquarters on Bunker Hill downtown, CBRE Group Inc. — the world's largest real estate services firm — is one of only a handful of Fortune 500 firms based in Los Angeles. And it’s riding high after a long real estate boom. The company finished the first quarter with its profit up nearly 60% compared with a year earlier to $130 million after posting record revenue of $13   Read More ...
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Retailers help lift stocks to new records; Best Buy leaps 21%
Retailers help lift stocks to new records; Best Buy leaps 21% U.S. stocks climbed for the sixth day in a row Thursday as strong first-quarter results from retailers such as Best Buy and PVH led indexes to record highs. That offset weakness in energy stocks caused by a plunge in oil prices. Stocks are on their longest winning streak in three months as retailers, technology companies, makers of household products and healthcare firms made large gains   Read More ...
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When do markets close for Memorial Day?
When do markets close for Memorial Day? U.S. financial markets will be closed on Monday in observance of Memorial Day, to honor the men and women who have lost their lives while serving in the military. U.S. stock markets, notably the Dow Jones Industrial Average and the S&P 500 index will be closed on Monday but will see regular trading hours on Friday. However, bond traders may get a jump-start on their holiday   Read More ...
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With stocks and bonds looking pricey, investors see little that’s appetizing
With stocks and bonds looking pricey, investors see little that’s appetizing For years, a key driver for U.S. stocks has been the idea that, no matter what potential headwinds there may be, they were more attractive than bonds. But now, with major equity indexes at records and valuations stretched by many metrics, that argument has become less compelling. Adding to the uncertain environment for market participants, bond yields remain low by historical standards, meaning that the primary alternative to equities doesn’t look very alluring either, offering investors few appealing options   Read More ...
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Politics, cartel are moving markets
Politics, cartel are moving markets Happenings in Washington and around the globe are playing a larger role in markets, as reflected by this edition of Futures File, our weekly commodities wrap-up. Budget cut takes aim at agriculture. The White House's proposed federal budget includes a $38 billion cut for farm support, the bulk of which rests on a $29.5 billion cut of the federal crop insurance program   Read More ...
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How to Market Your Sustainable Business
How to Market Your Sustainable Business If you want your business to be more sustainable, you need to market effectively. Whether bringing to market an eco-friendly product, forging innovation within your manufacturing process to reduce environmental impact, or providing services that allow your customer to reduce their own environmental footprint, your marketing should properly sell the benefit you bring both to the earth and your customer. As with all marketing, one size does not fit all   Read More ...
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Reducing exposure to US stocks as valuations peak
Reducing exposure to US stocks as valuations peak Dubai: Lombard Odier has reduced its US stock holdings slightly as valuations soar. The manager with $233 billion (Dh855 billion) of assets under management offloaded part of its holdings in the world’s largest economy three months ago. “We have slightly reduced exposure in the US. We are underweight one step on the US. Still we hold US shares, but we hold less than what we held about three months,” Christophe Lalandre, managing director at Lombard Odier told Gulf News in a phone interview   Read More ...
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World stocks hit record as Fed signals caution
DUBAI, LONDON World stocks hit record highs on Thursday and the dollar dipped after the US Federal Reserve signalled caution in raising interest rates. US stocks rose to fresh records as retailer results boosted confidence in the American consumers’ ability to jump-start economic growth. The S&P 500 Index pushed its longest rally since February to six days as Best Buy Co   Read More ...
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Low volatility is market’s most significant danger
A terrorist attack last week at a concert in the UK killed more than 20 people and injured many more. North Korea continues its provocative ballistic missile tests. A huge cyber-attack affected 200,000 computers in more than 100 countries. The US president fired the Federal Bureau of Investigation (FBI) director, leading to questions about whether he obstructed justice and even raising the spectre of impeachment   Read More ...
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Boise Bench Market, one of the last neighborhood markets, has closed
Boise Bench Market, one of the last neighborhood markets, has closed Boise has lost another neighborhood market. The Boise Bench Market, 2207 W. Overland Road, is closed, and the building is for sale. The market featured fresh local produce, milk and other dairy products and artisan gifts. Owner Eric Lowe and others left a note on the front of the building reading, “We have decided to close our doors. We appreciate you all so much & will miss you — Eric, Trina, Mike and Jer   Read More ...
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Natural gas no longer profitable: ONGC
Natural gas no longer profitable: ONGC State-owned Oil and Natural Gas Corp., (ONGC) has said that producing natural gas is no longer a profitable business for the company as the government-mandated gas price is significantly below the cost of production. The BJP-led government had in October 2014 evolved a new pricing formula using rates prevalent in gas surplus nations like the U.S., Canada and Russia to determine rates in a net importing country   Read More ...
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Memorial Day 2017 Monday — Are Post Offices, Banks, Stock Markets, Liquor Stores Open Or Closed?
Memorial Day 2017 Monday — Are Post Offices, Banks, Stock Markets, Liquor Stores Open Or Closed? Memorial Day 2017 weekend is here and above all else, it is a day to honor our nation’s military members both from the past and in the present. Without these brave men and women, the nation would not be where it is today, a place where freedom rings. Memorial Day is the unofficial start of the summer for many folks so many will find themselves opening their pools, dusting off their furnishings in their summer homes, and pulling out the yard furniture for the first time this year   Read More ...
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Shireman's Farm Market turns local fruit into popsicles
Shireman's Farm Market turns local fruit into popsicles NEW ALBANY, Ind. (WDRB) -- Shireman's Farm Market is turning some of its fresh, local produce into popsicles, just in time for summer. Caroline Rosa Kesten, a longtime employee of Shireman's Farm Market, is creating the cold treats. Lemongrass lime, pecan pie, watermelon kiwi and strawberry pineapple are among the offered flavors, as part of her business, My, Oh My Lollies Gourmet Pops   Read More ...
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Switch it up this year: Buy in May, till November stay
Switch it up this year: Buy in May, till November stay “Sell in May and go away” is perhaps the oldest saw on Wall Street, but it appears there’s no shortage of U.S. mutual funds doing exactly that this year. After all, the S&P 500 has delivered a total return, including reinvested dividends, of 10.8% over the last six months, essentially capturing all of the average rolling 12-month total return on the index since 1990, so why not cash in? Indeed, political drama and high valuations are clearly driving some investors to take profits   Read More ...
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Middleton biotech Lucigen Corp. reaps awards for selling its products overseas
Middleton biotech Lucigen Corp. reaps awards for selling its products overseas Lucigen Corp. is being noticed for working with customers abroad. The Middleton biotechnology company was one of 32 companies and organizations across the country honored by the U.S. Department of Commerce this week for exports of their goods and services. Lucigen received a 2017 President’s “E” Award for recording a sustained increase in export sales over the past four years. Earlier this month, the company received a 2017 Wisconsin Governor’s Export Award   Read More ...
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2016: IT enterprises top the list in China for annual salaries
IT enterprises boasted the highest annual salaries in China, about 122,478 yuan (17,865 U.S. dollars) on average in 2016, the National Bureau of Statistics (NBS) said in a statement on Saturday. This was the first time that IT enterprises surpassed financial enterprises, ranking first among various sectors. Financial enterprises had a yearly average salary of 117,418 yuan, according to the statement   Read More ...
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Chinese regulator greenlights seven IPOs
The China Securities Regulatory Commission (CSRC) has newly approved IPO applications of seven companies, fewer than the 10 applications approved last week. The seven companies will raise no more than 2.3 billion yuan (about 335 million U.S. dollars), a CSRC statement said late Friday. The amount was much less than the 6.3 billion yuan greenlighted to be raised by the 10 IPOs last week   Read More ...
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K2 Sports, other sports brands sold to private equity firm
K2 Sports, other sports brands sold to private equity firm Hoboken, N.J.-based consumer-goods giant Newell Brands is selling its winter-sports businesses, which include Seattle-based K2 Sports ski-maker and Ride snowboards. The new owner will be New York-based private equity firm Kohlberg & Company. The $240 million deal is expected to close late in the second quarter or early in the third quarter. K2 and Ride could not be reached for comments or details on how the transaction will affect the companies   Read More ...
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China mulls adjusting yuan-dollar pricing model
Chinese authorities are considering introducing a "counter-cyclical factor" to the existing pricing model of yuan's central parity rate against the U.S. dollar, the China Foreign Exchange Trade System (CFETS) said Friday. The adjustment, proposed by a working group under the China FX Committee (CFXC), aims to moderate pro-cyclical fluctuations driven by irrational sentiment in the foreign exchange market, the CFETS said   Read More ...
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Inside Business: ND Trade Office gets presidential award
Inside Business: ND Trade Office gets presidential award It's the highest honor that U.S. entities can get for contributing to the expansion of exports, according to a news release. In a congratulatory letter, Ross praised the North Dakota Trade Office for developing a 12-week export management course in partnership with state universities, as well as its Trade Talks series of seminars and webinars. "The North Dakota Trade Office's achievements have undoubtedly contributed to national export expansion efforts that support the U   Read More ...
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Soaring tech stocks are not in a 1990s-type dotcom bubble, says longtime bull Jeremy Siegel
Soaring tech stocks are not in a 1990s-type dotcom bubble, says longtime bull Jeremy Siegel The stock market is "very fairly valued" at current soaring levels, the longtime bull said on "Fast Money Halftime Report," adding the high-flying tech sector is not in danger of overheating. "I just looked up the P-E ratio of the tech sector on estimated 2017 earnings of the S&P 500. It's still under 20," Siegel said. "We have Amazon. We have Netflix   Read More ...
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Early movers: BIG, COST, LGF, GME, NCLH, KATE, ULTA, NTNX & more
Early movers: BIG, COST, LGF, GME, NCLH, KATE, ULTA, NTNX & more Big Lots The discount retailer earned $1.15 per share for the first quarter, beating the 99 cent consensus estimate. However, revenue was below forecasts, and comparable store sales posted an unexpected drop. Despite that, Big Lots forecast a second-quarter profit range largely above consensus, and raised its full-year earnings forecast. Costco – The warehouse retailer reported adjusted quarterly profit of $1   Read More ...
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Tech stocks are shattering one record after another—but they may be entering 'nosebleed territory,' one pro says
Tech stocks are shattering one record after another—but they may be entering 'nosebleed territory,' one pro says When it comes to the stock market, Silicon Valley is richer than ever before. But how high is too high? Amazon hit a fresh all-time high on Thursday — and also Wednesday, Tuesday and Monday. Microsoft and Alphabet shares also reached new highs this week. But if earnings and revenue growth don't stay at a sustainable pace for the next five to seven years, "all bets are off," said Chad Morganlander, a portfolio manager at Washington Crossing Advisors   Read More ...
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The market will 'continue to see a slow melt-up,' expert says
The market will 'continue to see a slow melt-up,' expert says For Meg Green, CEO of Meg Green & Associates, now is the time to be "all in, with a little cash on the side." She's not too concerned about the big moves in tech because the environment now is nothing like the dot-com bust in 2000. "You need to think about this expansion, what's happening," Green said. "Today what are we looking at? You're looking at a lot of disruptions, which is why you are seeing this disconnect in the market   Read More ...
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Markets are turning a deaf ear to any bad news
Markets are turning a deaf ear to any bad news Market mood: I don't want to hear it. Markets are not people, but they do have moods, and right now the market mood is, "I don't want to hear it!" The Dow dropped 373 points on May 17 on reports that former FBI Director James Comey had written a memo alleging that President Trump asked him to drop an investigation into Michael Flynn   Read More ...
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80% of millennials say they want to buy a home—but most have less than $1,000 saved
80% of millennials say they want to buy a home—but most have less than $1,000 saved Millennials aren't buying homes in the same numbers as previous and older generations, but it's not because they don't want to. The vast majority of millennials do indeed aim to buy someday, or would even like to now if they could. Unfortunately, the numbers don't look good. New data from Apartment List shows that, although 80 percent of millennials would like to purchase real estate, very few are in a good position to buy, largely because they have nothing saved   Read More ...
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Best Buy is redesigning mobile phone departments in stores and online
Best Buy is redesigning mobile phone departments in stores and online Best Buy is redesigning the mobile phone departments in its stores and on its website to make them easier for customers to navigate. The initiative, which has been coined within the Richfield-based retailer’s headquarters internally as “Mobile 2020,” is rolling out to several hundred stores over the coming months. CEO Hubert Joly nodded to the push on Thursday after the company reported higher sales and profit than expected, which pushed its stock up more than 20 percent to an all-time high   Read More ...
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Markets Right Now: Tiny gains push S&P, Nasdaq to records
The latest on developments in financial markets (All times local): Major U.S. stock indexes ended the day pretty much where they started as trading was quiet ahead of the Memorial Day holiday. Meager gains by the Standard & Poor's 500 index and the Nasdaq composite were enough to leave both at record highs. Both marked their seventh straight day of gains   Read More ...
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Flood of off-lease used cars push prices down, upend market
Flood of off-lease used cars push prices down, upend market DETROIT — In 2014, Infiniti leased more than 28,000 Q50 luxury sedans for as little as $329 per month in a growing U.S. market. The leases accounted for more than three-quarters of Q50 sales. Now they're coming back to haunt the automaker. Like many companies that juiced sales with sweet leases during the past few years, Nissan's luxury brand now faces a hefty supply of nice, low-mileage used cars at a time when most people want SUVs   Read More ...
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Nebraska retailer sought sale before hedge fund pressure
OMAHA, Neb. (AP) — Financial documents show Cabela's had been trying to sell itself months before an investor declared its big stake and publicly pushed for the sale. The Omaha World-Herald (http://bit.ly/2r59nUs ) reports that documents filed with the Securities and Exchange Commission this week detail the yearlong process to sell the Nebraska-based outdoor gear retailer. Filings show Cabela's management privately discussed selling the company as early as June 2015   Read More ...
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US stock indexes slip after push to record highs
US stock indexes slip after push to record highs NEW YORK (AP) — U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market's recent rally, are slightly lower as video game companies skid and energy companies are sliding. Household goods companies are rising as beauty products makers Ulta and Coty climb. KEEPING SCORE: The Standard & Poor's 500 index dipped 1 point, or 0   Read More ...
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Nebraska retailer sought sale before hedge fund pressure
OMAHA, Neb. (AP) — Financial documents show Cabela's had been trying to sell itself months before an investor declared its big stake and publicly pushed for the sale. The Omaha World-Herald (http://bit.ly/2r59nUs ) reports that documents filed with the Securities and Exchange Commission this week detail the yearlong process to sell the Nebraska-based outdoor gear retailer. Filings show Cabela's management privately discussed selling the company as early as June 2015   Read More ...
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EMERGING MARKETS-Brazil markets up as traders bet reforms still afoot
By Bruno Federowski SAO PAULO, May 26 (Reuters) - Brazilian stocks and currencies rose on Friday as traders hoped for progress on an ambitious reform agenda despite a growing political crisis ensnaring President Michel Temer. The Brazilian real strengthened 0.7 percent but remained far from the two-month peaks seen before the political scandal over bribery allegations broke out last week. Brazil's benchmark Bovespa stock index rose 1   Read More ...
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Google is watching your in-store shopping habits
Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data. . Google is watching your in-store shopping habits Google says it has access to roughly 70 percent of U.S. credit and debit card transactions through partnerships with other companies that track that data SAN FRANCISCO — Google already monitors your online shopping — but now it's also keeping an eye on what you're buying in physical stores to try to sell more digital advertising   Read More ...
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US stock indexes waver, keeping market near record highs
US stock indexes waver, keeping market near record highs NEW YORK (AP) — U.S. stocks are little changed Friday, keeping indexes near record highs following a six-day winning streak. Technology companies, which have led the market's recent rally, are flat overall. Video game companies are falling as Wall Street was disappointed by forecasts from GameStop. Consumer-focused companies rose. KEEPING SCORE: The Standard & Poor's 500 index held steady at 2,414 as of 10:40 a   Read More ...
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China Moves to Stabilize Currency, Retreating From Effort to Ease Control
China Moves to Stabilize Currency, Retreating From Effort to Ease Control HONG KONG — China has made a big show of gradually loosening its grip on the value of its currency, an effort meant to mollify critics like President Trump and experts both inside and outside the country who have long urged Beijing to let markets fix worsening financial problems in the world’s second-largest economy. Late Friday afternoon, however, the Chinese government said, in effect, “never mind   Read More ...
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UPDATE 1-Ant Financial's Yu'e Bao to cap personal accounts
(Adds Ant comments, context) By Cate Cadell. BEIJING May 26 Yu'e Bao, a money market fund under China's Ant Financial, will impose a cap on individual accounts at 250,000 yuan ($36,475), amid tightening regulatory oversight of China's financial markets. The cap, which comes into effect from May 27, will apply to new investments but not existing accounts, Tianhong Asset Management Co Ltd, which is majority owned by Ant Financial and manages the fund, said in a statement on its website   Read More ...
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