LONDON (Reuters) - ZPG, the owner of real estate website Zoopla which is being taken over by U.S. private equity firm Silver Lake, reported a 33 percent rise in first-half profit after an increase in listings on its platforms.Silver Lake said this month it was buying the real estate portal, which also operates the PrimeLocation website and comparison service uSwitch, for 2.2 billion pounds ($2.94...Read More
Nickel Today – SELL Nickel at CMP 994.70 for Target 984.70 – 976.70 with SL Above price 1004.70AFTER POST CONTENT Read More
NEW YORK (Reuters) - The dollar rose to a six-month high against the euro on Wednesday as data indicating a slowdown in European business activity hurt the common currency, while broader risk aversion hurt the dollar against the Japanese yen.The dollar index .DXY, which measures the greenback against a basket of six other currencies, was up 0.4 percent at 93.982, after rising as high as 94.116, it...Read More
Although they haven't been in conflict for over 200 years, for some reason, right now, the government of Sweden has produced a 20-page pamphlet which they'll be sending to each of the 4.8 million households in the country urging them to get prepared for...WAR.Read full newsRead More
More than 200 farmers from South Africa have applied for humanitarian visas in Australia after allegedly suffering attacks for being white, according to the Australian Home Affairs Ministry.Read full newsRead More
Germany's Federal Office for Refugees and Migration (BAMF) will review more than 25,000 asylum decisions after allegations of corruption at its regional office in the northern city of Bremen...Read full newsRead More
WASHINGTON (Reuters) - President Donald Trump’s former campaign chairman Paul Manafort is asking a federal judge on Wednesday to suppress evidence seized by FBI agents working for Special Counsel Robert Mueller, saying they violated the U.S. Constitution’s ban on unreasonable searches and seizures.The hearing before U.S. District Judge Amy Berman Jackson is Manafort’s latest bid...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump on Wednesday signaled a new direction in U.S. and China’s trade talks, saying the current track appeared “too hard to get done” and that any possible deal needed “a different structure.”In an early morning post on Twitter, Trump cited difficulties such as verification but gave no other details about what he or his adm...Read More
WASHINGTON (Reuters) - An American consulate worker at a U.S. consulate in southern China has returned to the United States for further evaluation after reporting symptoms that appear similar to those of head concussion or mild brain injury, the U.S. State Department said on Wednesday.The department’s statement came as the U.S. government issued a health warning to Americans in China over th...Read More
BloombergRising activity in U.S. private sector firms adds to evidence of a rebound in growth in the second quarter. The numbers: The flash IHS Markit U.S. manufacturing purchasing managers index inched up to 56.6 this months from 56.5 in April and touched the highest level since September 2014. Readings over 50 indicate expansion. A similar survey of service-oriented businesses that employ most...Read More
CARA is on track for its best day since AugustCara Therapeutics Inc (NASDAQ:CARA) is up 17.4% to trade at $13.62, one of the top gainers on the Nasdaq so far. Earlier this morning, the biotech company secured a licensing deal for its pruritus treatment for chronic kidney disease patients with European drug conglomerate Vifor Fresenius Medical Care Renal Pharma. The drug Korsuva will give Cara a $...Read More
WASHINGTON (Reuters) - U.S. President Donald Trump, who has repeatedly pledged to revive American manufacturing, on Wednesday said “big news” was coming that would be welcomed by U.S. autoworkers but he gave no details.“There will be big news coming soon for our great American Autoworkers. After many decades of losing your jobs to other countries, you have waited long enough!&rdq...Read More
TGT's first-quarter adjusted profit fell short of the consensus estimateShares of Target Corporation (NYSE:TGT) are down 5.3% to trade at $71.46, after the retailer reported a first-quarter adjusted profit miss of $1.32 per share, as operating margins weakened after the company invested heavily in its online business in order to compete with Amazon and Walmart. The results weren't all bad, though,...Read More
The security's earnings reaction last week was overdone, say analystsDepartment store stock Nordstrom, Inc. (NYSE:JWN) is higher in early trading, after receiving an upgrade to "buy" from "hold," and a price-target hike to $55 from $52, at Deutsche Bank. The upgrade comes less than a week after the company reported a same-store sales miss, sending JWN stock gapping lower. The brokerage firm said...Read More
Editor's Note: Updating earlier story with more details from report.(Kitco News) - Salesof new U.S. single-family homes fell by 1.5% in April to a seasonally adjustedand annualized pace of 662,000.Consensusestimates compiled by various news organizations called for sales to be between677,000 and 682,000. The Commerce Department revised sales for March to 672,000from the originally reported 694,000...Read More
(Kitco News) - The gold market remained near daily lows after the release of positive preliminary manufacturing and service-sector sentiment data.The flash U.S. manufacturing Purchasing Managers Index for May rose to a reading of 56.6 from April’s 56.5, marking a 44-month high, research firm IHS Markit said in its latest report. The latest monthly figure matched economists’ expectation...Read More
MOSCOW (Reuters) - Preparations for possible summit meeting between U.S. President Donald Trump and his Russian counterpart Vladimir Putin have not advanced since the two men spoke on the phone on March 20, Kremlin foreign policy aide Yuri Ushakov said on Wednesday.Trump proposed during a telephone conversation in March that the two leaders should meet.Reporting by Maria Tsvetkova, writing by Deni...Read More
FRANKFURT (Reuters) - Deutsche Bank (DBKGn.DE) is planning to cut 10,000 jobs, or about a tenth of its global workforce, as part of efforts to reduce costs, The Wall Street Journal reported on Wednesday.The Journal, citing unnamed sources, reported that job cuts were likely to extend into 2019.Separately, Bloomberg News reported the lender was planning to withdraw from a number of equities markets...Read More
Jim Finkle(Reuters) - Cisco Systems Inc (CSCO.O) on Wednesday warned that hackers have infected at least 500,000 routers and storage devices in dozens of countries with highly sophisticated malicious software, possibly in preparation for another massive cyber attack on Ukraine.Cisco’s Talos cyber intelligence unit said it has high confidence that the Russian government is behind the campaign...Read More
TGT and LOW both reported first-quarter earnings missesDow Jones Industrial Average (DJI) futures are below fair value this morning amid renewed trade war concerns. Earlier, President Donald Trump tweeted, "Our Trade Deal with China is moving along nicely, but ... we will probably have to use a different structure in that this will be too hard to get done and to verify results after completion." O...Read More