As Wall Street traders departed for Thanksgiving this week, they could celebrate a rare achievement. On Monday and Tuesday, the four most widely cited indices of US stocks — the S&P 500, the Dow Jones Industrial Average, the Nasdaq Composite and the Russell 2000 — hit all-time highs simultaneously. The last time a “grand slam” happened was on New Year’s Eve 1999, at the height of the […]
A declining gold market faces a major challenge as a $3.8bn outflow from exchange traded funds over the past 10 days is seen intensifying the liquidation of holdings by investors. Gold has dropped below $1,200 a troy ounce for the first time since February as ETF outflows have risen to their highest level since July 2015. A stronger dollar, higher US yields and a rallying stock market […]
The host Toronto Argonauts and the league seemed to misread the market by setting ticket prices between $189 and $899. By October, when half the seats remained unsold, they slashed the prices of the lowest-cost seats to $89. Continue reading the main story A sellout is now expected at the open-air stadium, which was expanded to about 35,000 seats for the game, thanks to a spike in […]
Submitted by Jeffrey Snider via Alhambra Investment Partners, For the month of July 2014, total durable goods orders exploded higher in a fit of Boeing. The growth in aircraft orders in percentage terms was so large as to be meaningless. On a seasonally-adjusted basis, total durable goods (using the latest benchmarks) went from $236.3 billion that June to $290.8 billion for July. Coming as it did in […]
By Paul Arnold and Ludwig Burger | ZURICH/FRANKFURT ZURICH/FRANKFURT U.S. healthcare company Johnson & Johnson (JNJ.N) said on Friday it was in preliminary talks with Actelion (ATLN.S) about a potential takeover of Europe’s largest biotech firm, currently valued at about $20 billion. Lung disease specialist Actelion confirmed it had been approached and said there was no certainty a deal would occur. An acquisition of the Swiss company […]
They may break out the caps on Wall Street when the Dow Jones rises through thousand-point barriers, but it might be time for Japanese investors to pull out their Spinal Tap t-shirts – because this rally has gone to 11. Things were looking a bit shaky for the Topix during the afternoon session on Friday. The yen trimmed its early decline, which dragged the Japanese stock market […]
Photo A frefighter in Beit Meir, near Jerusalem, on Friday. Fires, which began on Tuesday, have erupted throughout the country. Credit Ahmad Gharabli/Agence France-Presse — Getty Images JERUSALEM — Twenty-two people had been arrested on suspicion of arson or incitement to arson, security officials said on Friday, as Israel continued to battle its worst wildfires in years. The fires, which began on Tuesday, have erupted throughout the […]
The standard Asus ZenFone 3 is reportedly not coming to the United States, while the higher-end ZenFone 3 Deluxe will no longer be launching in Canada. Meanwhile, the ZenFone 3 Deluxe is available in the United States, while the standard ZenFone 3 is available in Canada. ZenFone 3 US Release Not Happening The Asus ZenFone 3 Deluxe and the Zenfone 3 Laser became available for purchase in the United […]
ABU DHABI // Thousands of residents flocked to the Formula One FanZone on the Abu Dhabi Corniche on Friday to take part in a series of activities. Long queues lined up on the Corniche as visitors of all ages impatiently waited to experience virtual car races and simulators. From virtually driving the fastest car on the F1 tracks of the Yas Marina Circuit on Yas Island to […]
Seriously…Must keep it together thru the Black Friday weekend! 15 Straight days up… The longest winning streak since 1996. Nothing to see here, move along… (the last time Small Caps rose for a longer streak was March 1988) (best 3 week gains since March 2009) The week was.. well easy.. Even after 3 weeks of incessant buying there was nothing to stop the panic […]
Saudi Arabia will not attend a meeting with non-Opec producers such as Russia and Kazakhstan on Monday, arguing it is pointless to gather when the 14-member oil cartel has not yet reached a deal itself. Opec ministers are due to meet next week to try and hammer out the details of the first supply cuts since the financial crisis but Iran and Iraq are still presenting potential […]
The Abu Dhabi F1 party got started on Thursday on the Abu Dhabi Corniche. The free music festival, Beats on The Beach, kicked off with over 20,000 people in attendance to see a varied programme featuring the likes of Filipino pop sensation Yeng Constantino, Emirati singer Shamma Hamdan and UK rap duo Krept and Konan. With all the artists blessed with their own dedicated fan base, the […]
Not only was the long-rumored Boba Fett Star Wars Anthology movie a going concern, but a teaser reel was prepped to be shown at Star Wars Celebration 2015 alongside an official announcement, before being axed “at the last minute” following a split between Disney and mooted director Josh Trank. This comes courtesy of Entertainment Weekly sources, who say that the project has now been backburnered. Trank seemingly left […]
Hitting the rocks. José Cuervo, the world’s largest tequila maker, has put its planned IPO for up to $1bn on ice because of market uncertainty in the wake of the US elections, according to people familiar with the plans. The company, officially known as Becle, had filed its prospectus with the Mexican stock exchange in September. But the Mexican IPC index has fallen nearly 7 per cent […]
Palestinian leaders were more wary. “I don’t personally know Jared Kushner and have never met him, but welcome the idea of having him assist in breaking the deadlock in the negotiations of the conflict,” said Amin Maqboul, secretary general of the revolutionary council of Fatah, the party that controls the Palestinian Authority. Continue reading the main story The extent of Mr. Kushner’s relationship with Israel is unclear. […]
BOSTON Activist shareholders plan a record number of resolutions focused on climate change at U.S. company annual meetings in 2017, even as President-elect Donald Trump looks set to loosen environmental regulations. Based on filings so far, U.S. companies are on track to face roughly 200 resolutions on climate matters at their shareholder meetings next year, according to Rob Berridge, who follows the subject for Ceres, a sustainability […]
John Hanke arrives at Mijita on San Francisco Bay looking more like a middle-aged indie rocker than the chief executive of a company that this summer was estimated to be making tens of millions a week. His striped flannel shirt is unbuttoned over a T-shirt bearing a compass and the words, taken from a poem in The Lord of the Rings, “Not all who wander are lost”. […]
The viewership for Season 7 of AMC’s post-apocalyptic series The Walking Dead is considerably lower than it has been in recent seasons. As of this week’s episode, The Walking Dead’s ratings have dropped from 17 million at the Season 7 premiere down to 11 million for Episode 5, making for a 35 percent decline. Check out the graph from Wikipedia below (via EW) for an overview of […]
November 25, 2016 by: Jamie Chisholm in London and Peter Wells in Hong Kong Friday 08:30 GMT. Overview Stock markets are cautiously mixed as traders await Wall Street’s return to the fold after the Thanksgiving break. US futures suggest the S&P 500 will be in line for another record, looking to add 1.5 points to 2,206.3 when the opening bell rings later in New York. Still, for […]
Sunil John, the founder and CEO of ASDA’A Burson-Marsteller, was presented with the Chairman’s Award at the Middle East PR Awards 2016. Now in its eighth year, the Middle East PR Awards recognises agencies, corporates, teams and individuals who have shown exceptional return on investment, creativity and strategic impact. The Chairman’s Award, one of the top prizes at the industry’s biggest event, is given to an individual […]
A 3,800 year old clay figurine of a seated person apparently deep in thought was recently discovered in Israel. The Israel Antiquities Authority (IAA) revealed on Wednesday that the small figurine wearing a hat and with its chin resting on its hand was unearthed during an excavation at Yehud, a city in the Central District in Israel, by IAA archaeologists and high school students in October. Ceramic […]
By Henning Gloystein | SINGAPORE SINGAPORE Oil prices fell over 1 percent on Friday, dragged by a strong dollar, rising Saudi supplies to Asian clients, and a fall in Chinese imports. Brent crude futures were trading at $48.42 at 0753 GMT, down 58 cents, or 1.2 percent, from their last close, although overall activity was thin after the U.S. Thanksgiving holiday and ahead of the weekend. U.S. […]
Craig Timberg from Washington Post must be bored this Thanksgiving, spending his time concocting a rich and imaginative tale of fake news websites swaying the billion dollar Clinton campaign from no brainer win to a horrible loss. Here we are, once again, with the faux claims out of Washpo — spreading their own ironic fake news of Russian hacking conspiracies and a furious — and all of a […]
US stock funds continue to pull in investor’s cash after the US election, as Donald Trump’s rhetoric over renewed growth for the economy shows no sign of abating. Just over $5.1bn flowed into US stock funds for the week ending November 23, according to data from EPFR. It was a lighter intake than the previous record-setting week, but still accentuated the rotation out of bond funds and […]
