Business

Author: 0 China's credit rating has been cut due to concerns about rising debt

Premier Li Keqiang said in June that China could meet its target. Standard and Poor say a prolonged period of strong credit growth has increased the country's financial risks. China's gross domestic product (GDP) grew 7.3 percent in 2014, 6.9 percent in 2015, and 6.7 percent past year, according to the International Monetary Fund (IMF) data.

Author: 0 United States stocks gain as all three main indexes close at records

The stock was the biggest loser on the consumer discretionary index .SPLRCD Tesla (TSLA.O) was down more than 2.4 percent after Jefferies started coverage of the electric auto maker's stock with "underperform". Six of the 11 major S&P sectors closed higher, with the financial sector's 0.8 percent gain providing the biggest boost. While some investors said the Fed's tone was more hawkish than expected others were happy Fed Chair Janet Yellen reiterated her stance that balance sheet reduction ...

Author: 0 United States stocks wobble after Fed announcement, but close higher

That means mid-month and end-of-month maturities would be reinvested evenly, based on the monthly cap. The cause of the spike in the Dollars was arguably the fact that the dot plot or perceived course of hikes from the Fed continued to expect one hike this year and three next year.

Business Paytm Mall to spend Rs. 200 cr. more on gifts
Author: 0 Paytm Mall to spend Rs. 200 cr. more on gifts

Apart from this, the Big Billion Sale will see product and brands with a host of consumer financing programs such as No Cost EMI, Product Exchange, Buy Back Guarantee and Buy Now Pay Later. "We are confident these flash sales will bring more excitement and exhilaration to the festive shopping experience and make this Diwali more specials for our customers".

Author: 0 Wall St opens flat as investors await Fed decision

Wall Street opened little changed on Wednesday as investors waited for the conclusion of the two-day Federal Reserve meeting for indications of a third interest rate hike this year. The S&P 500 added 1.59 points, or 0.06 percent, to 2,508.24. "Analysts expect the Fed to keep the possibility of a December interest rate hike on the table", said Ipek Ozkardeskaya, senior market analyst, at London Capital Group, in a note.

Author: 0 Applied Optoelectronics, Inc. (AAOI) Earns Sell Rating from BWS Financial

After having $1.43 EPS previously, Applied Optoelectronics Inc's analysts see -16.08 % EPS growth. Whereas, in last 21 trading days (one month) was moved up 2.76% and surged in last 63 trading days (quarter) of 4.89%. During the same quarter in the previous year, the firm posted $0.16 EPS. Raymond James Fincl Serv Advisors Incorporated has 0.01% invested in Applied Optoelectronics Inc (NASDAQ: AAOI ).

Business What's Fueling Investor Confidence? - Chevron Corporation (CVX), Wal-Mart Stores, Inc. (WMT)
Author: 0 What's Fueling Investor Confidence? - Chevron Corporation (CVX), Wal-Mart Stores, Inc. (WMT)

Wal now has $240.35B valuation. The stock rose 0.49% or $0.39 reaching $80.46. Thanks to a rise of nearly 3.42% in the past five days, the stock price is now down -1.16% so far on the year - still in weak territory. The New York-based Lyrical Asset Management Lp has invested 2.39% in the stock. Cypress Capital Group owns 1.07% invested in Wal-Mart Stores Inc (NYSE: WMT ) for 64,926 shares.

Business Recession possible if the Federal Reserve follows its plan, says Bill Gross
Author: 0 Recession possible if the Federal Reserve follows its plan, says Bill Gross

In its statement, the Fed , as expected, left rates unchanged and also said it would begin in October to reduce its approximately US$4.2 trillion in holdings of U.S. The Nasdaq composite fell 5 points, or 0.1 percent, to 6,456. Spot gold experienced a rise at about 0.2 per cent to $1,313.50 an ounce on the said period as the USA gold futures for December delivery soared by 0.5 per cent at $1,317.40 an ounce as well.

Business Hurricanes' Impact Could Make US Fed More Hawkish
Author: 0 Hurricanes' Impact Could Make US Fed More Hawkish

While it is a known case for a smaller balance sheet, what is not known right now is by exactly how much the Fed will cut that $4.5 trillion amount. "There is a bit of a disconnect between the market and the Fed", he said. After pushing the S&P above its 2,500-point milestone last week, investors were holding their fire as they awaited more clues on the timing of the next rate hike from Fed Chair Janet Yellen .

Author: 0 McDonald's Corporation's (NYSE:MCD) "Buy" Rating Reaffirmed at Mizuho

The stock was bought at an average price of $128.94 per share, for a total transaction of $206,304.00. (NYSE:CRI) has declined 16.63% since September 20, 2016 and is downtrending. Analysts have given a mean recommendation of 2.10 on this stock (A rating of less than 2 means buy, "hold" within the 3 range, "sell" within the 4 range, and "strong sell" within the 5 range).

Business AMD and Tesla: 'Double Slap' at Intel, Says Rosenblatt
Author: 0 AMD and Tesla: 'Double Slap' at Intel, Says Rosenblatt

The electric carmaker has apparently already received the first samples of its processor prototype for testing, according to the report . Understandably AMD shares have risen significantly in afterhours trading. As it seems now, they have partnered up with AMD to do so. Tesla , for a long time, has been relying on Nvidia for powering its self-driving cars.

Business Massachusetts AG Healey sues credit reporting firm Equifax
Author: 0 Massachusetts AG Healey sues credit reporting firm Equifax

If at any time you want to buy a vehicle, get a credit card, find an apartment, or switch jobs, you can unfreeze your credit to allow access again. He also said that Equifax must be "held accountable" for the breach. Check this list of state guidelines for security freeze details in your state, including groups that can place security freeze requests for free. Equifax discovered the data breach earlier this summer, but the company waited six weeks before bothering to tell the public ...

Business Fed may hike rate. Should debt mutual fund investors be anxious?
Author: 0 Fed may hike rate. Should debt mutual fund investors be anxious?

There is also concern that rates could climb faster if other central banks follow the Fed's lead and begin reducing their own bond holdings. The central bank left its key short-term rate unchanged but hinted at one more hike this year - most likely in December - if persistently low inflation rebounds.

Business Looking For Work? Companies Announce Plans For Holiday Hiring
Author: 0 Looking For Work? Companies Announce Plans For Holiday Hiring

With 1.5 million employees, Walmart stands as the largest private sector employer in the U.S. The company says they used the same holiday labor strategy previous year and saw wide approval from customers and employees. Though officials have not yet said how many of those jobs will be available. There's a mixed forecast for holiday hiring this year. Walmart's move is in contrast to rival Target Corp's plan to hire thousands of workers to handle the expected brisk demand during the season, ...

Business Treasury Yields, Dollar Surge as Fed Raises Odds of December Rate Hike
Author: 0 Treasury Yields, Dollar Surge as Fed Raises Odds of December Rate Hike

In Europe, Germany's DAX was down 0.1 per cent at 12,552 while the CAC 40 in France was steady at 5,240. The forecasts, which are released four times a year, update projections made in June. " The Fed took another step on its path of handsome normalization, announcing that the gradual balance sheet reduction will start next month and limiting revisions to both projections and policy guidance", said Mohamed El-Erian, Chief Economic Adviser At Allianz, in California.

Author: 0 Someone Made a Fake Equifax Site. Then Equifax Linked to It.

The company's Twitter account is only making matters worse. For more information about the product and enrollment, please visit: "securityequifax2017.com". The website that the company was planning to send the data breach victims to was equifaxsecurity2017.com, as we have previously reported. An Equifax spokeswoman, Marisa Salcines, did not respond when asked why the company had created a separate website rather than a subdomain of equifax.com.

Business Ltd Invests $155000 in Delta Air Lines, Inc. (DAL)
Author: 0 Ltd Invests $155000 in Delta Air Lines, Inc. (DAL)

Delta Air Lines (NYSE: DAL ) traded up 0.29% during mid-day trading on Wednesday, hitting $48.04. If, for instance, a stock's volumes suddenly increase by a significant amount, it's usually a sign that the level of conviction behind the trade is high.

Business Pakistan summons Swiss envoy over Free Balochistan posters in Geneva
Author: 0 Pakistan summons Swiss envoy over Free Balochistan posters in Geneva

Meanwhile, drawing the attention of Swiss Government on the issue, Pakistan's Permanent Mission to United Nations at Geneva demanded Swiss government to take strict actions against the culprits involved in this act. It appeared to be a case of cover-up, protecting some individuals and misleading the house, he said and demanded that the matter be referred to the privileges committee.