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Markets

Shares of U.S. financial services giant Blackstone jumped on Monday after the firm said it would invest $100m in infrastructure, with partners that include Saudi Arabia . The fund, which is believed to have assets totaling about $183 billion, now has more than 90 percent of its portfolio within Saudi Arabia , largely in the form of stakes in state-affiliated companies.
  • SSE speaks out over Tory price cap plans

    SSE speaks out over Tory price cap plans

    Markets

    The board recommended a final dividend of 63.9 pence a share, making a total payout for the year of 91.3 pence a share, up from 89.4 pence a share. The U.K. SSE hikes full year dividend. . SSE raised its electricity prices in April by 14.9 per cent for 2.8 million customers. Exceptional impairments were booked against the Retail unit in the year, particularly the against the technology developments projects relating to an Energy Supply customer billing system which is no longer being ...
  • This Restaurant Just Dethroned In-N-Out as America's Favorite Burger Joint

    This Restaurant Just Dethroned In-N-Out as America's Favorite Burger Joint

    Markets

    Shake Shack came in at No. 3 , and Wendy's and Culver's rounded out the top five. The menu is equally simple, offering burgers with various toppings, fries, hot dogs, and soda. Burger King, Jack in The Box and Carl's Jr. didn't crack the top 10 list. It has since spread across the country, including to Colorado, and around the world with 1,400 locations.
  • Poulter reflects on big week after second place at Players

    Poulter reflects on big week after second place at Players

    Markets

    Kim also becomes the second Korean golfer to win here at The Players Championship. "From being in a position a couple of weeks ago where I wasn't here to finish tied second, it's a good week", said Poulter after finishing three shots behind South Korea's Si Woo Kim - his best finish since November 2014.
  • China's Xi says Belt and Road needs to reject protectionism

    China's Xi says Belt and Road needs to reject protectionism

    Markets

    India boycotted the forum over a dispute about the China-Pakistan Economic Corridor passing through Kashmir. That may turn out fine for the USA and the rest of the world - or it may not, since China's aim isn't the free movement of goods, the basis of the US-run trading system of the last half-century.
  • Most Active Stock: Freeport-McMoRan Inc. (FCX)

    Markets

    Hourglass Capital LLC's holdings in Freeport-McMoRan were worth $2,933,000 as of its most recent SEC filing. Checchi Capital Advisers LLC raised its position in Freeport-McMoRan by 30.2% in the third quarter. However a year ago for the same quarter the company has reported -$0.02 EPS. In terms of Buy, Sell or Hold recommendations, Freeport-Mcmoran Inc (NYSE: FCX ) has analysts' mean recommendation of 2.9.
  • FTSE 100 opens higher but Tui shares dip

    FTSE 100 opens higher but Tui shares dip

    Markets

    But the tech, utility and industrial sectors lagged. Germany's DAX fell 0.2 percent and UK's FTSE added 0.1 percent with both paring gains that lifted them to fresh record highs earlier in the session. "The big picture is that underlying inflationary pressures continue to build in the United Kingdom economy as the impact of weaker sterling and higher energy prices now feeds into consumer prices", wrote Davy Research analyst David McNamara.
  • Home Depot Crushing Sears and Other Struggling Retailers

    Markets

    Several hedge funds and other institutional investors have recently made changes to their positions in HD. Home Depot Inc (NYSE:HD) saw some unusual options trading on Friday. Home Depot had a return on equity of 123.29% and a net margin of 8.23%. The business had revenue of $22.21 billion during the quarter, compared to the consensus estimate of $21.74 billion.
  • Don't Panic, but Netflix Might Be Testing Weekend Surge Pricing

    Markets

    We can't wait to see this new Australian series alongside these titles! Netflix denied that the price hikes were weekend only, but did acknowledge conducting tests. Netflix lost 800,000 US subscribers due to the price hike. With the Standard plan, two screens can access Netflix at the same time, and video is streamed in HD.
  • Sinclair close to buying rival TV operator Tribune

    Markets

    In a release Monday morning, Sinclair CEO Chris Ripley called it "a transformational acquisition for Sinclair that will open up a myriad of opportunities for the company". "Sinclair Broadcast Group, already the nation's largest local TV station operator, wants to be even bigger", begins an Associated Press report this afternoon.
  • Judge orders Uber not to use technology taken from Waymo

    Judge orders Uber not to use technology taken from Waymo

    Markets

    This means that Lyft need not work on self-driving cars from scratch instead simply inculcate Waymo's technology in its vehicles. The New York Times earlier reported on the deal between Lyft and Waymo . And it comes just days after the judge rejected Uber's request to move the case to arbitration, while also referring it for a possible criminal investigation over trade secrets theft.
  • United Airlines cockpit door access information made public by flight attendant

    United Airlines cockpit door access information made public by flight attendant

    Markets

    The confidential codes required to access United Airlines' cockpits have been accidentally leaked to the public in what the airline calls a mistake, rather than a data breach. United Airlines might have another public relations nightmare on its hands. One pilot told Van Cleave that he suspects the airline will need to change the code on the doors, which he believes has to be done manually on a plane-by-plane basis.
  • Local ranchers optimistic about new U.S. trade deal with China

    Local ranchers optimistic about new U.S. trade deal with China

    Markets

    Being locked out of the world's largest market for 13 years, we welcome this announcement. The deal is part of a 100-day plan hashed out when Trump met Chinese President Xi Jinping in April. Shares of Tyson Foods Inc, which sells both beef and chicken, rose 0.8 percent, while Pilgrims Pride Corp, the No. 2 USA chicken producer, fell 1.3 percent.
  • Trump to visit Saudi Arabia and Israel in first foreign trip

    Trump to visit Saudi Arabia and Israel in first foreign trip

    Markets

    In Israel, Trump will meet with Israeli leaders President Reuven Rivlin and Prime Minister Benjamin Netanyahu, as well as Palestinian Authority President Mahmoud Abbas . "Saudi Arabia is the custodian of the two holiest sites in Islam", the president said. The trip to Saudi Arabia, Israel and the Vatican is a splashy debut for a president who has, until now, largely avoided major trips outside of Washington .
  • Portugal's leaders celebrate historic Eurovision Song Contest victory

    Portugal's leaders celebrate historic Eurovision Song Contest victory

    Markets

    Sobral won with a song written by his sister, " Amar Pelos Dois ", and was a favourite with both the global jury and the public. After failing to convince Ukraine to reverse its decision to bar Samoylova, Eurovision organizers gave Russia the option to have her perform remotely or for Russia to choose a different artist, an offer rejected by the Russian channels which selected her.
  • Snapchat parent company's value plummets after earnings report

    Markets

    Losses this quarter amount to $2.2 billion after the company issued stock bonus compensations following its successful IPO , out of which CEO Evan Spiegel himself got $750 million. Snapchat parent company Snap built a reputation for secrecy, but now, as a public company, it has to lay its cards on the table and open up the books to investors.
  • Manyonga breaks Diamond League long jump record

    Manyonga breaks Diamond League long jump record

    Markets

    Noah Lyles of the United States and Kenyan Kipyegon Bett produced the headline performances at the International Association of Athletics Federations (IAAF) Diamond League event in Shanghai as the teenagers claimed victories today. There was disappointment for another Briton, high jumper Robbie Grabarz, who cleared his first attempt at a height of 2.20m but went out after three failures at 2.24m.
  • Trump calls for additional sanctions on North Korea following latest missile launch

    Markets

    The projectile launch comes two weeks after a ballistic missile test that South Korean and U.S. officials said failed. "Australia regards this as a reckless and provocative action that leads to instability both regional and globally and has condemned clearly in the past North Korea for this sort of behaviour and we do so again", Defence Minister Marise Payne told reporters in Melbourne on Sunday.
  • A huge tax cut for guys like me

    Markets

    Now, ET Now has decoded insights from Warren Buffett's views. This "incentivized the wrong type of behavior", and former Chief Executive John Stumpf, who lost his job over the scandal, was too slow to fix the problem, Buffett said. Buffett is least excited by driverless cars and trucks, saying they pose a threat in many ways. He also said that a lot of the benefits of lower corporate taxes would likely be competed away.
  • Apple to spend $200 million supporting Corning plant in Ky

    Apple to spend $200 million supporting Corning plant in Ky

    Markets

    Corning has manufactured touchscreens for Apple's iPhones. With $800 million remaining in its fund, Apple has several other US -based companies to choose from for its next investment. Apple and Corning have had a business relationship since the iPhone was first released, and Apple has furthered this relationship by giving Corning this injection of capital to further its R&D budget, assisting with the capital necessary to support continued innovation Apple has sought from ...
  • China eyes global market after Comac C919 maiden flight

    China eyes global market after Comac C919 maiden flight

    Markets

    Final ground tests only concluded a few weeks ago, much later than the original schedule of a first flight in 2014, and aircraft delivery in 2016. If Friday's maiden flight is successful, COMAC, the aircraft's maker, will seek certification from China's civil aviation authority and foreign regulators.