Money

Money Chinese online giant Tencent posts 61% rise in net profit
Author: 0 Chinese online giant Tencent posts 61% rise in net profit

The Chinese tech giant's impressive financials were largely supported by its WeChat social media platform. Revenues were up 48 percent year-on-year. Another title - Honour of Kings - was the world's highest-grossing mobile game previous year thanks to its China-based users and Tencent has been pushing it to worldwide audiences.

Money E-commerce Sales A Big Driver In Walmart Inc's (WMT) Earnings Beat
Author: 0 E-commerce Sales A Big Driver In Walmart Inc's (WMT) Earnings Beat

Moreover, Sam's Club comp sales increased 3.8% led by comp traffic growth of 5.6%. Global sales were up 4.5 percent at $28.3 billion on a constant currency basis, helped by an early Easter, Biggs said. Still, the pace was below Walmart's expectations for a 40 percent growth in online sales this fiscal year. "We're also rolling out grocery delivery to about 800 stores by year-end, allowing us to cover 40% of the USA population with delivery".

Money Italy 'very important' to European Union, says Juncker
Author: 0 Italy 'very important' to European Union, says Juncker

Economists worry that such goals are unrealistic given that Italy is deeply in debt ― making up 132 percent of its GDP. "If we're good enough to find the solution, we'll get started (with a government) without problems, but we don't want to take the president and the Italians for a ride", Salvini said , citing the differences still remaining.

Money Senate Net Neutrality Vote Aims to Reinstate Rules
Author: 0 Senate Net Neutrality Vote Aims to Reinstate Rules

While the name for the principle isn't that old, the basic idea predates the internet and has its roots in the telephone and telegraph networks and even older services. Despite the Senate's passing of the resolution, the measure is unlikely to be enacted. If the CRA is approved by the House and signed by President Donald Trump , internet service providers would have to continue following rules that prohibit blocking, throttling and paid prioritization, VOA wrote.

Money European Union and Iran 'make good start' on salvaging nuclear deal
Author: 0 European Union and Iran 'make good start' on salvaging nuclear deal

Bolton struck a more hawkish tone with his comments in an interview with CNN's State of the Union than Pompeo did when he was interviewed on Fox News Sunday . European firms, on the other hand, are likely to abide by US sanctions regardless of what steps their governments might take, Nephew says, "unless Europe brings the fight to the United States and takes real action to make sanctions enforcement costly" for Washington.

Money Senate Votes to Reverse FCC's Net Neutrality Repeal
Author: 0 Senate Votes to Reverse FCC's Net Neutrality Repeal

John Kennedy (R-La.), broke with the rest of their party and voted for the measure. If it ultimately passed by Congress and signed by President Trump - a big if - the net neutrality rules that the FCC had in place since 2015 would be restored.

Money Look! Amazon Go Stores Set To Open In Chicago & San Francisco
Author: 0 Look! Amazon Go Stores Set To Open In Chicago & San Francisco

Reactions were predictably mixed. Amazon Go is headed for Chicago and San Francisco . " My teenage son couldn't care less ", wrote one Washington Post contributor. Amazon Go is the online retail pioneer's attempt to reinvent the physical store with the same mindset that brought one-click shopping to the internet.

Money Tesla that smashed into fire authority truck was on Autopilot, driver claims
Author: 0 Tesla that smashed into fire authority truck was on Autopilot, driver claims

Tesla did not immediately respond to requests for comment. Tesla faces a slew of other issues, from increased skepticism over its finances to safety probes by regulators. In March, Tesla confirmed two of its top financial executives had parted ways, and in February, sales chief Jon McNeill defected to Lyft Inc. The company is cooperating with Swiss authorities to establish the cause of the accident.

Money Seattle City Council scales back tax to aid homeless amid Amazon opposition
Author: 0 Seattle City Council scales back tax to aid homeless amid Amazon opposition

González said she was pleased to have the support of nearly every councilmember - Sawant did not support the amendment, but ended up voting in favor of the tax - but disappointed she couldn't find support for more. In recent years the city has experienced an economic boom, but in tandem with that also an acute affordable housing and homelessness problem . The task force wanted the council to use other potential progressive revenue sources to generate an additional $75 million.

Money Enhanced SpaceX Falcon9 Rocket Launches Thursday; Designed Multiple Flights
Author: 0 Enhanced SpaceX Falcon9 Rocket Launches Thursday; Designed Multiple Flights

And I believe our most conservative consumers would agree with that". The "Block 5" is the company's final design, bringing with it all the improvements and lessons learned from the previous 53 Falcon 9 designs. Previous launches of the previous version of the first stage took months to recover, and the Block 5 is not yet at its full potential. "In principle, we could refly Block 4 probably upwards of 10 times, but with a fair amount of work between each flight", Musk said.

Money Gas Prices Rise 1.6 Cents In Chattanooga
Author: 0 Gas Prices Rise 1.6 Cents In Chattanooga

That means access to their oil fields is cut off. Nationally, gas prices have risen a little over 5 cents per gallon, with an average of $2.86/gallon. Gas prices were expected to rise ahead of the holiday, but reinstated sanctions on Iran could mean gas prices will climb deep into the summer driving season.

Money Emergency services remain at scene of Midlands plane crash
Author: 0 Emergency services remain at scene of Midlands plane crash

The pilot is understood to be from the United Kingdom while the boy is the son of a member of the Parachute Club according to RTE . They were removed to the Midland Regional Hospital, Tullamore where post mortem are due to take place. Emergency Services at the scene of the crash of a light aircraft near Clonbollogue, County Offaly. The boy is understood to have been from the local area.

Money The Fujifilm-Xerox merger is off
Author: 0 The Fujifilm-Xerox merger is off

The previously announced venture was terminated after Fujifilm failed to deliver the audited financials of Fuji Xerox by April 15, 2018. The settlement does resolve Deason's litigation against Xerox and its directors in terms of the proxy fight.

Money Tesla with Autopilot slams into fire truck stopped at red light
Author: 0 Tesla with Autopilot slams into fire truck stopped at red light

The national Council for transport safety is investigating an accident involving a auto Telsa Model S. the Accident occurred in the suburbs of salt lake city with cars, presumably working on the self-driving vehicle system. Alphabet's self-driving unit, Waymo , said on Sunday that Matthew Schwall had joined the company from Tesla Inc where he was the electric carmaker's main technical contact with U.S.

Money Watch! Kangana Ranaut's bold attitude in 71 Cannes Film Festival
Author: 0 Watch! Kangana Ranaut's bold attitude in 71 Cannes Film Festival

While other expected Tinsel Town divas Aishwarya Rai Bachchan and Sonam Kapoor are yet to arrive at the French land, Deepika and Kangana's stylish appearance stole most of the limelight on the third day at the eminent event. The Queen actor wore a tiresome grey sheer embellished gown from Zuhair Murad's Fall 2017 collection. The Padmaavat actress has been treating her fans and followers to her uber stylish and elegant attires at recent global events.

Money Lalu Yadav's sons dance at Tej Pratap's wedding
Author: 0 Lalu Yadav's sons dance at Tej Pratap's wedding

Lalu is already out on three days parole to attend the marriage of his eldest son Tej Pratap on May 12 in Patna . "His parole has been granted for 3 days and the effective date of parole will be depended upon when jail authorities would release him", IG (Prisons) Harsh Mangla told PTI .

Money Alberta tries ads to win hearts and minds of anti-pipeline groups
Author: 0 Alberta tries ads to win hearts and minds of anti-pipeline groups

Speaking for Ottawa, Notley said the government is in "very serious and determined" discussions with Kinder Morgan, although she wouldn't reveal and details on the discussions. It would have the potential to cause gasoline and other fuel-related prices to spike in B.C. Parties on both sides of the House accepted an Alberta Party amendment to put a two-year limit on the bill.

Money Record $120 million fine for nuisance robocalls
Author: 0 Record $120 million fine for nuisance robocalls

To increase the likelihood that consumers would answer his calls, Mr. Abramovich's operation made calls that appeared to be local-a practice known as "neighbor spoofing". He also maintained that the offers were real. He denied engaging in "fraudulent activities" and said "it was always my intent with the FCC to negotiate toward an appropriate fine within my ability to pay such an amount".

Money NVDA) — NVIDIA Corporation (NASDAQ
Author: 0 NVDA) — NVIDIA Corporation (NASDAQ

The rating was maintained by Bank of America on Tuesday, April 3 with " Buy ". Peel Hunt upgraded BGEO Group plc (LON:BGEO) on Wednesday, January 25 to "Buy" rating. (AAPL), Nvidia Corporation (NVDA ) and Helios and Matheson Analytics Inc. (HMNY)" with publication date: "May 11, 2018. The company notes that its OEM sales totaled $289 million in revenue (a 148% rise on the year) thanks to "GPUs for cryptocurrency mining".

Author: 0 Oil prices reach highest since Nov 2014

But US output has soared by more than a quarter in the last two years, to 10.62 million bpd. "The expectation that the USA will leave the sanctions waivers is leading Iran to sell as much as it can", Petromatrix strategist Olivier Jakob said .

Money Air France Shares Drop Sharply As Strikes Continue
Author: 0 Air France Shares Drop Sharply As Strikes Continue

Shares were down almost 10 per cent as investors continued to lose faith in the airline, which has been battered by three months' worth of strikes over pay and working conditions. Air France warned that industrial action would continue to affect its services today and tomorrow. Mr Le Maire told French news channel BFM TV: "I call on everyone to be responsible: crew, ground staff, and pilots who are asking for unjustified pay hikes".

Money Tinder Surprised But Unconcerned About Facebook's Dating Push
Author: 0 Tinder Surprised But Unconcerned About Facebook's Dating Push

The world's top social networking service company made the announcement at a developer conference in San Jose, California on Tuesday. Instead of short-term relationships and hook ups Mark Zuckerberg wants to enable long-term relationships and thus connect the users with each other.

Money U.S. gains 164000 jobs in April; unemployment falls to 3.9%
Author: 0 U.S. gains 164000 jobs in April; unemployment falls to 3.9%

Mickey Levy of Berenberg Capital Markets called the jobs report a "mixed bag", but said the unbroken string of hiring was "impressive". The rate for African-Americans - 6.6 percent - is the lowest on record since 1972. Inflation is flirting with the Fed's 2 percent target . The U.S. central bank on Wednesday left interest rates unchanged and said it expected annual inflation to run close to its "symmetric" 2 percent target over the medium term.

Author: 0 Carnick & Kubik Group LLC Invests $2.76 Million in Express Scripts (ESRX)

As per Friday, March 9, the company rating was upgraded by Wells Fargo. Using a broader approach, the stock has been trading 1.74% off of the 200-day moving average. Cannell Peter B & has invested 0.4% in Express Scripts Holding Company (NASDAQ: ESRX ). Hillsdale Investment Mgmt holds 50 shares. The stock becomes active when traders or investors changed hands with 3,242,635 shares contrast to the three-month volume average of 5.12M shares.

Money Diageo (DGE) Given
Author: 0 Diageo (DGE) Given "Outperform" Rating at Credit Suisse Group

The firm has "Neutral" rating by Goldman Sachs given on Wednesday, March 14. Liberum Capital maintained the stock with "Buy" rating in Thursday, August 4 report. The United Kingdom-based Glg Prtn Lp has invested 0.01% in PRGX Global, Inc. Manufacturers Life The reported 262 shares. Tricadia Capital Management Llc owns 100,000 shares or 5.15% of their U.S.

Money Goldman Sachs to Launch Bitcoin Trading Desk
Author: 0 Goldman Sachs to Launch Bitcoin Trading Desk "in the Next Few Weeks"

Rana Yared , one of the Goldman executives overseeing the creation of the trading operation, said the bank was clear-eyed about what it was getting itself into. Since the beginning of the year, the price of Bitcoin has plunged - and recovered significantly - as traders have faced uncertainty about how regulators will deal with virtual currencies.

Money Ex-Volkswagen CEO charged for role in diesel emission scandal
Author: 0 Ex-Volkswagen CEO charged for role in diesel emission scandal

Thus far, the scandal has cost the company more than $30 billion in buybacks and fines, with more likely on the way in Germany. At the time, USA regulators threatened to withhold authorization for Volkswagen to sell 2016 model year vehicles in the United States until the company explained the discrepancies raised by the ICCT study.

Author: 0 QUALCOMM Incorporated (QCOM) returned -26.36% low during past 3 month period

Oarsman Capital owns 0.64% invested in Facebook, Inc. Before the end of the regular trading session on Wednesday, QUALCOMM Incorporated (NASDAQ:QCOM) dropped -$0.56 to its price. Common Stock had 7 analyst reports since November 10, 2017 according to SRatingsIntel. BidaskClub lowered Qualcomm from a sell rating to a strong sell rating in a research note on Thursday, March 22nd.

Money Summer gas prices to be highest since '14 due to oil's rise
Author: 0 Summer gas prices to be highest since '14 due to oil's rise

The national gas price average is 16 cents more expensive than last month and 43 cents more expensive that a year ago at this time. On Tuesday, GasBuddy issued a new study that found the best and worst days of the week to buy gas to maximize savings at the pump and avoid the lines during the busy summer travel season.

Money BP profits jump 71% in Q1 2018 on rising oil prices
Author: 0 BP profits jump 71% in Q1 2018 on rising oil prices

The company has also demonstrated that despite the general wariness in the industry, the supermajors are investing in new production: in the last quarter, BP made a final investment decision on four new projects-two in the United Kingdom portion of the North Sea, one in India, and one in Oman.

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