Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Top Stories

News

Activist investors to pressure privately held Palantir on human rights

PALT

SAN FRANCISCO (Reuters) - A group advocating ethical investing will ask backers of tech analytics company Palantir Technologies to push for changes to its business practices, a rare case of coordinated shareholder action against a privately held company. The Investor Alliance for Human Rights, which claims more than 150 institutional members representing $4 trillion in managed assets, faults Palantir for contracts with government agencies including U.S. Immigration and Customs Enforcement. “The relative impunity of private companies heightens the risks of human rights impacts, increasing the need for private equity investors to push those companies through other means to respect human rights,” said alliance Director Paloma Munoz Quick. Kate Elliot, senior ethical researcher at London-based Rathbone Greenbank Investments, an Alliance supporter, said she would raise human rights with Rathbone portfolio company RELX, formerly Reed Elsevier, which has a venture investment in Palantir.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Lagarde Calls for Government Help in First Major ECB Speech

EURGBP EURCAD +5 more EURGBP EURCAD EURZAR EURUSD EURJPY EURAUD EURNZD

Lagarde Calls for Government Help in First Major ECB Speech. European Central Bank President Christine Lagarde called for a new policy mix, saying public investment should be stepped up to ease the burden on monetary stimulus and ensure the region can thrive in an uncertain world. In her first major speech, three weeks into the job, the new ECB chief said her institution will continue to support the euro-zone economy. But she also said fiscal policy is a key element for overcoming the two main challenges facing the bloc: the changing nature of global trade, and declining domestic growth. “The answer lies in converting the world’s second-largest economy into one that is open to the world but confident in itself -- an economy that makes full use of Europe’s potential to unleash higher rates of domestic demand and long-term growth.”.

Read Full Details

Topics:
  • Business
  • Financial
News

S&P 500, Dow Jones edge higher on trade optimism; Tesla drags Nasdaq

TSLA

S&P 500, Dow Jones edge higher on trade optimism; Tesla drags Nasdaq. (Reuters) - The S&P 500 and Dow Jones indexes eked out gains on Friday after President Donald Trump signalled an imminent trade deal with China, while the Nasdaq was weighed down by a slump in shares of Tesla after the launch of its electric pickup truck. "The positive tone right now is because people have resigned themselves to the fact that they are not going to see a big deal anytime soon, as there are lot of little issues that are going to persist," said Jeanette Garretty, managing director & principal at Robertson Stephens Wealth Management. The benchmark S&P 500 index remained on course to end the week with its first decline in seven, while the Nasdaq is eyeing its first weekly drop in eight.

Read Full Details

Topics:
  • Business
  • Financial
News

Euro zone needs to create its own economic growth at home: ECB's Lagarde

EURGBP EURCAD +5 more EURGBP EURCAD EURZAR EURUSD EURJPY EURAUD EURNZD

FRANKFURT (Reuters) - The euro zone needs to create more of its economic growth at home, including via greater public investment, if it is to withstand weakness abroad and become more balanced internally, new European Central Bank President Christine Lagarde said on Friday. Lagarde did not discuss monetary policy in her first major speech since becoming ECB President at the start of this month, merely saying the central bank would continue to do its part to support the economy. Instead, she chose to send a message to euro zone governments, calling on them to strengthen domestic demand after a global trade war brought a decade of export-driven growth, largely led by Germany, to an abrupt end. "The answer lies in converting the world’s second largest economy into one that is open to the world but confident in itself – an economy that makes full use of Europe’s potential to unleash higher rates of domestic demand and long-term growth," Lagarde said.

Read Full Details

Topics:
  • Business
  • Financial
News

European Central Bank chief asks governments to help growth – The Seattle Times

EURGBP EURCAD +5 more EURGBP EURCAD EURZAR EURUSD EURJPY EURAUD EURNZD

November 22, 2019 at 2:30 am | Updated November 22, 2019 at 2:31 am. FRANKFURT, Germany (AP) — The new president of the European Central Bank, Christine Lagarde, says better-targeted public spending would help support economic growth in the eurozone. In her first official speech Friday, Lagarde indirectly chided countries like Germany that have kept a tight grip on their budgets while making clear that a spendthrift approach to public spending would be hazardous, too. Lagarde said “there is today a cross-cutting case for investment in a common future that is more productive, more digital and certainly greener” and warned that public spending in the 19-country eurozone “remains some way below its pre-crisis level.”.

Read Full Details

Topics:
  • Business
  • Politics
  • Financial
News

Airbnb COO Belinda Johnson to step down

AIR

SECTIONS. Home. World. Markets. Business. Politics. Technology. U.S. Airbnb COO Belinda Johnson to step down. (Reuters) - Airbnb Inc said on Friday Chief Operating Officer Belinda Johnson will step down from the role and join the board of the home rental platform. Airbnb is expected to list its shares in 2020. (bit.ly/34o7fYo). Download the app to read more Reuters News.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp

SAN

Exclusive: Sanofi's strategy boss to leave as CEO readies revamp. PARIS (Reuters) - Sanofi's <SASY.PA> most senior strategy boss is set to leave by the end of the month, according to a memo seen by Reuters, in the first major management change under new chief executive Paul Hudson as he shakes up the firm's priorities. Hudson, who took over as CEO on Sept. 1, is leading a strategic review and is expected to unveil the company's plan for the coming years at an investor day in Cambridge, Massachusetts, on December 10. Hudson said in the memo that Alban de la Sabliere, currently head of business development, and Laurent Van Lerberghe, head of strategy, would take on more responsibilities as of Dec. 1 and report directly to him. Even though the group's new strategy is still in the works, Hudson has made no secret that significant changes were underway.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Fifty jobs at risk at Standard Life Aberdeen

SLA

About 50 jobs are at risk at a leading asset management firm in Aberdeen. It is understood that another 20 posts could also go in the coming months. The Edinburgh-based pensions and fund management firm said that following the merger between Standard Life and Aberdeen Asset Management in 2017, the company had conducted a global review to ensure it was using its office spaces effectively and efficiently. "What is not in doubt is our commitment to Aberdeen, which continues to be a key strategic location for Aberdeen Standard Investments."

Read Full Details

Story Sources

bbc.com bbc.co.uk
Topics:
  • Business
  • Financial
News

Quanta Services or AECOM: Which Construction Stock to Bet On?

PWR

Quanta Services or AECOM: Which Construction Stock to Bet On? Undeniably, construction industry is gradually gaining steam, given recovery in the housing market and increased focus on fixing the country’s infrastructure. Notably, U.S. construction spending inched up in September, backed by government and private residential projects, per the latest report from the U.S. Census Bureau.Solid construction activities in the public sector, low interest/mortgage rates, a solid job market and rising wages have helped the Zacks Construction sector to gain 39.2% so far this year, outperforming the broader market’s (S&P 500) 22.8% rally.Given this backdrop, construction stocks could offer a safe haven to investors because of their stability and the fact that these are fundamentally strong enough to withstand industry woes.Here, we focus on two companies from the Zacks Engineering - R&D Services industry falling under the broader Construction space — Quanta Services, Inc. PWR and AECOM ACM. Hence, AECOM fared much better than Quanta Services in this parameter.

Read Full Details

Topics:
  • Business
  • Financial
News

Is Now An Attractive Investment:: Banco Bilbao Vizcaya Argentaria, S.A., (NYSE: BBVA) – NyseStockAlerts

BBVA BBVA

Growth in E-P-S is an essential measure of administration performance because it shows how much money the company is making for its investors or stakeholders, just not changes in profit but also after-effects of issuance of new shares (this is especially important when the growth comes as a result of acquisition). Banco Bilbao Vizcaya Argentaria, S.A., belongs to the Financial sector and Foreign Regional Banks industry. The E-P-S of BBVA is strolling at 0.79, counting Earning per Share growth this year at 55.80%. As a result, the company has an earning per share growth of 0.90% for the next year. Taking a look at the performance of Banco Bilbao Vizcaya Argentaria, S.A. stock, a stockholder knows that the weekly performance for this stock is valued at 0.19%, resulting in a performance for the month at -4.20%. Therefore, the stated figure shows a four-month performance of 12.18%, bringing the 6-month working result to -7.24% and YTD performance of -0.76%. As of now, Banco Bilbao Vizcaya Argentaria, S.A. has a P/S, P/E and P/B values of 1.01, and 0.65 respectively.

Read Full Details

Story Sources

nysestockalerts.com
Topics:
  • Business
  • Financial
News

Close Brothers Group (LON:CBG) Stock Passes Above 200-Day Moving Average of $1,396.46 – Mitchell Messenger

CBG

Close Brothers Group shares last traded at $1,455.00, with a volume of 250,294 shares traded. JPMorgan Chase & Co. dropped their price target on shares of Close Brothers Group from GBX 1,700 ($22.21) to GBX 1,650 ($21.56) and set an “overweight” rating on the stock in a research report on Thursday, July 25th. The stock presently has an average rating of “Hold” and an average target price of GBX 1,515.60 ($19.80). The company’s fifty day simple moving average is GBX 1,394.40 and its 200 day simple moving average is GBX 1,395.20.

Read Full Details

Topics:
  • Business
  • Financial
News

Amphenol Corporation (APH): Remarkable Runner

APH

Volatility indicates the pricing behavior of the security and helps estimate the fluctuations that may happen in a short period of time. If the prices of a security fluctuate rapidly in a short time span, it is termed to have high volatility. If the prices of a security fluctuate slowly in a longer time span, it is termed to have low volatility. High volume is an indication that a stock is actively traded, and low volume is an indication that a stock is less actively traded. Some stocks tend always to have high volume, as they are popular among day traders and investors alike. Every good investor knows that in order to make money on any investment, you must first understand all aspects of it, so let’s look at daily change, stock price movement in some particular time frame, volatility update, performance indicators and technical analysis and analyst rating. It is an important parameter for investors (as they compare the current trading price of the stocks and bonds to the highest/lowest prices they have reached in the past 52 weeks) in making investment decisions.

Read Full Details

Story Sources

webnewsobserver.com
Topics:
  • Business
  • Financial
News

Tilray stock jumps on deal with Anheuser-Busch InBev to research cannabis drinks

ABI

Marijuana producer Tilray Inc. announced Wednesday that it has signed a research partnership with Budweiser maker Anheuser-Busch InBev SA, as the Canadian cannabis industry continues to strike deals with legacy industries. The joint venture will run through Anheuser-Busch’s subsidiary Labatt Breweries of Canada, and each company intends to invest up to $50 million to research beverages infused with tetrahydrocannabinol, or THC, and cannabidiol, or CBD. “For us, it’s early days in this industry and research feels like the right place to start,” Tilray Chief Executive Brendan Kennedy said on the phone Wednesday morning. Beyond research into aspects of cannabis such as how long it takes the effects to become apparent and how low it lasts — some of such research Tilray has already undertaken — the joint venture will also explore how pot products are packaged, how production can be scaled and the recipes for creating new products.

Read Full Details

Story Sources

stockdailydish.com
Topics:
  • Business
  • Health
  • Financial
News

The Zacks Analyst Blog Highlights: Intel, Advanced Micro Devices, Alphabet, Taiwan Semiconductor and NVIDIA

GOOGL GOOG +2 more GOOGL GOOG INTC NVDA

Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. The incumbent is of course Intel, which just apologized to customers for continued supply constraints, despite double-digit growth in supply from the first half to the second while maintaining its raised guidance (fourth-quarter revenue of $19.2 billion and EPS of $1.28 and full-year revenue of $71 billion and EPS of $4.42). On the other side, we have challenger Advanced Micro Devices, which is announcing one breakthrough device after another, significant partnerships with companies like Alphabet’s Google and Amazon and manufacturing alliances with leading edge foundry Taiwan Semiconductor, which is making its 7nm chips. This is making waves at HPC and the data center in general (especially after the Mellanox acquisition). But NVIDIA doesn’t play in all the x86 categories like PCs, mobile computing and data center the way AMD does. So Intel and AMD are the main rivals.

Read Full Details

Topics:
  • Business
  • Financial
News

Rightmove taps ex-Shazam boss Andrew Fisher as its new chairman

RMV

Rightmove taps ex-Shazam boss Andrew Fisher as its new chairman. Nov 22 (Reuters) - British property website operator Rightmove Plc said on Friday it has named Andrew Fisher, former boss of now Apple-owned app Shazam, as its chairman to succeed Scott Forbes, who has held the role for more than 14 years. Forbes, who was with company before it made its market debut and watched it become a blue-chip name, said: "I hand over the chair to Andrew. His experience developing innovative digital businesses will be a great asset to Rightmove." Fisher was executive chairman of the Shazam, UK-based app that lets users identify songs by pointing a smart phone at the audio source, when Apple Inc reached a deal to buy it in 2017. Fisher, who is also on the board of Rightmove rival Moneysupermarket.com Group, will join Rightmove in January as Forbes is set to retire from the board at the end of 2019.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

BioMarin Files MAA to EMA for Gene Therapy of Hemophilia A

BMRN

BioMarin Pharmaceutical Inc. BMRN announced that it has submitted a marketing authorization application (MAA) to the European Medicines Agency (EMA) seeking approval for valoctocogene roxaparvovec, an investigational gene therapy, developed for treating adult patients with severe hemophilia A. BioMarin expects the MAA review process to begin under accelerated assessment in January 2020, subject to the completion of the EMA’s validation check. Per the company, this is the first marketing application submission for a gene therapy product for any type of hemophilia. We remind investors that BioMarin was conducting two separate phase III studies, namely GENEr8–1 (6e13 vg/kg dose) and GENEr8–2 (4e13 vg/kg dose) on valoctocogene roxaparvovec for the treatment of patients without the pre-existing AAV5 antibodies. However, the company stopped developing 4e13 vg/kg dose (GENEr8–2 study) of valoctocogene roxaparvovec due to patient preference for the 6e13 vg/kg dose. Notably, Sangamo Therapeutics, Inc. SGMO and partner Pfizer, Inc. PFE are evaluating their gene therapy candidate SB-525 in a phase III study for addressing patients with severe hemophilia A.

Read Full Details

Topics:
  • Business
  • Health
  • Financial
News

Alleghany Co. (NYSE:Y) Given Consensus Rating of “Hold” by Analysts – Riverton Roll

AA

Shares of Alleghany Co. (NYSE:Y) have been assigned an average recommendation of “Hold” from the seven research firms that are presently covering the stock, MarketBeat reports. Deutsche Bank upgraded Alleghany from a “hold” rating to a “buy” rating and lifted their price objective for the company from $735.00 to $900.00 in a research note on Wednesday, September 4th. Several hedge funds have recently bought and sold shares of Y. Marshall Wace North America L.P. bought a new stake in shares of Alleghany in the first quarter worth $61,000. Finally, IFM Investors Pty Ltd grew its holdings in shares of Alleghany by 3.0% in the second quarter. IFM Investors Pty Ltd now owns 867 shares of the insurance provider’s stock worth $591,000 after acquiring an additional 25 shares during the period.

Read Full Details

Topics:
  • Business
  • Financial
News

Ethereum Tumbles 20% In Rout

ETH

Investing.com - Ethereum was trading at $140.69 by 09:10 (14:10 GMT) on the Investing.com Index on Friday, down 20.23% on the day. The volume of Ethereum traded in the twenty-four hours to time of writing was $10.88B or 11.04% of the total volume of all cryptocurrencies. At its current price, Ethereum is still down 90.11% from its all-time high of $1,423.20 set on January 13, 2018. Bitcoin's market cap was last at $127.30B or 65.07% of the total cryptocurrency market cap, while XRP's market cap totaled $9.90B or 5.06% of the total cryptocurrency market value.

Read Full Details

Topics:
  • Business
  • Financial
News

Global Gas Mixtures Market 2019 – LINDE, PRAXAIR, AIR LIQUIDE, AIR PRODUCTS AND CHEMICALS, AIRGAS, ADVANCED SPECIALTY GASES – Industry News Releases

APD LIN

The Global Gas Mixtures Market 2019 report offers clear-cut information about the key business-giants LINDE, PRAXAIR, AIR LIQUIDE, AIR PRODUCTS AND CHEMICALS, AIRGAS, ADVANCED SPECIALTY GASES, MESSER, WELSCO, IWATANI, , challenging with each other in the worldwide Gas Mixtures in terms of demand, sales, revenue generation, reliable products development, giving best services, and also post-sale processes at the global level. To Get Free Sample Copy of Report Click Here: http://www.marketresearchstore.com/report/global-gas-mixtures-market-professional-survey-2019-by-648195#RequestSample. The Global Gas Mixtures Market 2019 report is based on key players, which are combined by market share, history of growth and Industry forecasts, it provides in-detailed information, basic needs of the market, and the report shows the how this market is growing Globally. The main regions that contribute to the worldwide Gas Mixtures Market 2019 are United States, Europe, Japan, China, India, Southeast Asia.

Read Full Details

Topics:
  • Business
  • Financial
  • Health
  • Science
News

Johnson Matthey PLC 20% Potential Upside Indicated by Deutsche Bank

BLND DBK +1 more BLND DBK JMAT

Johnson Matthey PLC 20% Potential Upside Indicated by Deutsche Bank. Johnson Matthey PLC with EPIC/TICKER (LON:JMAT) had its stock rating noted as ‘Reiterates’ with the recommendation being set at ‘BUY’ this morning by analysts at Deutsche Bank. This indicates the analyst now believes there is a potential upside of 20.0% from today’s opening price of 3000 GBX. Johnson Matthey PLC has a 50 day moving average of 3,104.65 GBX and a 200 day moving average of 3,170.18.

Read Full Details

Topics:
  • Business
  • Financial