Finance

SpaceX launch site explosion in Florida: What we know now

SpaceX launch site explosion in Florida: What we know now

An explosion hit a SpaceX launch site in Florida Thursday morning as the company was preparing for a test. SpaceX reports that there were no injuries, but both the vehicle and its payload were lost. It is trying to create a line of reusable rockets, but several have burnt up on their return, and others, such as this one, have failed to even make it off the ground. Read More

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Tesla unveils 100 kWh battery for Model X and S

Tesla notes the cars that can beat that - LaFerrari and the Porsche 918 Spyder - were limited run, million dollar vehicles and cannot be bought new . The Model X gets a similar treatment. The vehicle now has the longest range of any electric auto ever created by a wide margin. "Of course this is an expensive vehicle". Read More

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(ANF) Dropped After Wider Than Expected Q2 Loss

(ANF) Dropped After Wider Than Expected Q2 Loss

During the same quarter a year ago, the firm posted $0.12 earnings per share . The gross profit rate for the second quarter was 60.9%, 140 basis points lower than a year ago. Deutsche Bank issued their verdict on Abercrombie & Fitch Co. Its six months performance indicated a bearish movement while its yearly performance reflected a negative trend of -5.62%. Read More

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Trump Would Be 'Foolish' To Release Tax Returns, Son Says

Trump Would Be 'Foolish' To Release Tax Returns, Son Says

He also touted his father's favorite reason to keep his tax returns private: he's under audit! But Trump has refused to do the same, saying his taxes are being audited, and saying he's had lots of legal advice on the matter. Democrats have been clamoring for Trump to release his returns as he continues his presidential campaign. If he released his tax returns you would clearly see that.' Are you guys kidding me? MORE: Dear Trump supporters - Farage is NOT a symbol of successMORE: Sorry ... Read More

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Stock markets flat after US Fed speech

Stock markets flat after US Fed speech

That raised expectations for an increase in the benchmark federal funds rate before the end of the year, and as early as the Fed's next policy meeting in September. "We continue to expect only one fed funds rate hike this year in December", Dye said. After a slow start in the first half of the year when the economy grew by only 1.0%, GDP growth is now tracking 3.6% in the third quarter, according to the Atlanta Fed. Read More

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Two Western Michigan players arrested; allegedly used gun, knife to rob woman

Two Western Michigan players arrested; allegedly used gun, knife to rob woman

Fleck said. Two Western Michigan University football players accused of assaulting and robbing a young woman with a knife and gun on Friday have been dismissed from the football program. "We expect to learn more about these allegations today", Fleck said in a statement. Officials made no comment about why the players were arrested. A pair of Western Michigan University football players are in jail for robbing a student at knifepoint and gunpoint. Read More

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Big Lots Earnings And Outlook Provide Some Solace After Dollar's Miss

Big Lots Earnings And Outlook Provide Some Solace After Dollar's Miss

For Q4, Big Lots sees adjusted EPS of $2.18-$2.23, with same-store sales flat to up 2%. The firm had revenue of $1.20 billion for the quarter, compared to the consensus estimate of $1.21 billion. MKM Partners reaffirmed a buy rating and set a $60.00 price target on shares of Big Lots in a research note on Thursday. The shares were sold at an average price of $53.00, for a total transaction of $530,000.00. Read More

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Analysts Estimates and Ratings: Alibaba Group Holding Limited (NYSE:BABA)

Analysts Estimates and Ratings: Alibaba Group Holding Limited (NYSE:BABA)

Alibaba.com had its "hold" rating reiterated by analysts at Vetr Inc. "0" brokerage firms have issued "Sell" rating for the company and "Strong Sell" rating was issued by "0" brokerage firms. Other hedge funds and institutional investors have recently made changes to their positions in the company. Alibaba Group Holding Ltd (NYSE: BABA ) performance over the past one year advanced 36.91%, during the last six months the stock rose 40.83%. Read More

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Uncle Sam Warns EU Watchdog Prior to Apple Ruling

Uncle Sam Warns EU Watchdog Prior to Apple Ruling

He also claimed the Commission's approach undermines worldwide transfer pricing guidelines "already accepted broadly in the global tax community, and undermines the work done as part of the BEPS project". The U.S. tech giant has been accused of hiding billions in profit by signing a sweetheart tax deal with Ireland, according to the reports. Apple could be ordered to repay $8 billion - and perhaps much more - in back taxes. Read More

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ITV withdraws bid for Peppa Pig owner

ITV withdraws bid for Peppa Pig owner

ITV issued a statement Thursday saying it's view of eOne's value "is different to the level at which the board of eOne would now engage in a more formal process". Acquiring Toronto-based eOne would have bolstered its activities in television production and family entertainment as well as giving it an global film distribution business. Read More

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Pakistan to face England on Wednesday in 1st ODI

In this context, Pakistan's rise to top spot in the ICC Test rankings is a spectacular achievement. Despite belting all of his four centuries against the West Indies , including two in the just-concluded Test series, Indian premier off-spinner Ravichandran Ashwin has revealed that he extracts more satisfaction from taking a five-wicket haul rather than scoring a hundred. Read More

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Oil prices down in Asia, Brent stays below US$50

ICE Brent crude, the worldwide benchmark, rose 41 cents or 10.8% to $49.92 a barrel. Members of the Organization of the Petroleum Exporting Countries ( OPEC ) and other oil producers like Russian Federation are set to meet in September to discuss a freeze in output levels or even a cutback in order to rein in on oversupply, but analysts said animosity between OPEC-members Saudi Arabia and Iran made a deal unlikely. Read More

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TSX, loonie slip as oil prices fluctuate

TSX, loonie slip as oil prices fluctuate

Copper prices fell to eight-week lows as rising inventories in Asian warehouses fueled fears about weaker demand to come in top consumer China, while spot gold fell 0.9 per cent ahead of a speech by Federal Reserve Chair Janet Yellen on Friday which will be closely watched for further clues on USA interest rate policy. Read More

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