Finance

Rising North Korea Tensions Rattle Markets; Treasuries Rise

Rising North Korea Tensions Rattle Markets; Treasuries Rise

Kennedy praised Trump, along with Secretary of State Rex Tillerson and United Nations Ambassador Nikki Haley, for the harsh sanctions passed unanimously in the U.N. Beyond geopolitical concerns, investors continued to size up company earnings reports. Avis Budget Group slumped 9.9 percent after the vehicle rental company cut its guidance following a weak second quarter. Read More

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Monday's First Warning Forecast: A cool and sunny start

Monday's First Warning Forecast: A cool and sunny start

Tuesday will be mostly sunny with highs a little above or below 80, depending on where you are. After 2 to 6 inches of rain fell across the area Friday through Saturday , we could use a few days to dry out. It will be a cool evening with temperatures falling into the upper 60s before midnight. There will be the chance of an isolated shower or thunderstorm during the afternoon as the air will turn more unstable. Read More

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General Motors Reported Better-than-Expected Financial Results for the Second Quarter

General Motors Reported Better-than-Expected Financial Results for the Second Quarter

Institutional investors now hold around $40.14 billion or 75.2% in GM stock. Moreover, Granite Point Capital Management L.P. has 4.62% invested in the company for 466,015 shares. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.27%. Morgan Stanley began new coverage on General Motors Company giving the company a "overweight" rating. Read More

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Uncertainty in United States economic policy may hamper growth

Uncertainty in United States economic policy may hamper growth

As he launched IMF's latest quarterly update to World Economic Outlook in Kaula Lumpur Monday, IMF's Economic Counselor Maurice Obstfeld, said, "From a global growth perspective, the most important downgrade was the United States". The report seems to suggest good times ahead for the global economy, with risks to growth in the medium term remaining low. "It's projection for the global economy is more credible, however". Read More

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General Electric weighs on Wall Street

General Electric weighs on Wall Street

GE's closely watched cash flow from operations fell 67 percent to $3.6 billion from a year ago, reflecting the loss of contributions from the appliances division that the company sold. Of that total $242.6 billion is services backlog and $84.2 billion is equipment. Shares of General Electronics fell from 3% in premarket trading after the organization results beat estimation but posted a almost 60% decline in gains. Read More

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US Treasurys Strengthen After Soft Inflation Reading

US Treasurys Strengthen After Soft Inflation Reading

The unchanged consumer price reading for June followed a 0.1 percent dip in May. Excluding food and energy prices, core consumer prices crept up by 0.1% for the third consecutive month. The lower-than-expected figures were the latest sign of muted inflation, which is a main threat to government bonds because it erodes the purchasing power of their fixed returns and can lead to higher interest rates from the Fed. Read More

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Wimbledon: Venus Williams, Sam Querrey and CoCo Vandeweghe lead U.S. charge

Wimbledon: Venus Williams, Sam Querrey and CoCo Vandeweghe lead U.S. charge

Muguruza rallied past Angelique Kerber , 4-6, 6-4, 6-4, and earned a bout with 32-year-old Svetlana Kuznetsova , the first entry into the quarterfinals with her 6-4, 6-2 win over fellow veteran Agnieszka Radwanska . The number ten seed is the only previous victor remaining in this year's tournament, although the last of her five titles at the All-England Club came back in 2008. Read More

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Worldpay shares leap on takeover approaches

Worldpay shares leap on takeover approaches

Worldpay's shares had started rising before the announcement, with traders citing rumours the company may be a bid target. Vantiv and JP Morgan now have until August 1 to announce firm intentions to buy or else walk away. A deal with JPMorgan Chase would add to the processing power of the bank's debit and credit card businesses. While the bank has made a series of smaller financial technology acquisitions in recent years, it has so far held off from big-ticket deals. Read More

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