Boeing Missed on Earnings, Downside Risk Remains

The Boeing Company (BA) missed earnings per share estimates when it reported quarterly results before the opening bell on Jan. 29. The stock slipped to as low as $314.88 on Feb. 3 and then rebounded to as high as $349.95 on Feb. 12. This high is between its weekly value level at $333.34 and its annual risky level at $351.32. […]

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Major Averages Remain In Positive Territory In Early Afternoon Trading

After recovering from an initial move to the downside, stocks continue to see moderate strength in early afternoon trading on Monday. With the turnaround on the day, the Nasdaq has reached a new record intraday high. Currently, the major averages all remain in positive territory. The Dow is up 43.51 points or 0.2 percent at 29,146.02, the Nasdaq is up […]

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Extinction Rebellion Targets Commodity Traders in Geneva

Scores of climate change protesters from a Swiss branch of the Extinction Rebellion campaign group staged protests against commodity houses in Geneva, occupying the office of Vitol Group, the biggest independent oil trader. About 50 protesters breached the offices of Vitol near the Hotel des Bergues in Geneva on Monday, where they used tape to create human outlines on the […]

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Jupiter agrees £370m deal to buy Merian Global Investors

The investment manager Jupiter is to pay £370m to buy Merian Global Investors in a deal that will create the second-largest retail asset management group in the UK. The enlarged group will have £65bn under management, but some analysts said they regarded the deal as an essentially defensive merger of two struggling businesses. Jupiter has been affected by significant outflows […]

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U.S. Stocks May Show A Lack Of Direction In Early Trading

Following the pullback seen last Friday, stocks may show a lack of direction in early trading on Monday. The major index futures are currently pointing to a roughly flat open for the markets, with the Dow futures down by just 18 points. Traders may be reluctant to make significant moves amid uncertainty about the impact of the deadly coronavirus outbreak. […]

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Smart Contracts Improve Data Quality, But Limits Data Availability: Study

The use of Blockchain smart contracts by organizations will potentially benefit from associated increase in the overall data quality, but will also reduce the data availability, according to a study conducted by research firm Gartner, Inc. It will be the same for both externally imposed or voluntarily adopted smart contracts. Gartner predicts that organizations using blockchain smart contracts will increase […]

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Sipping in sunny Sonoma Valley

(CNN Business)Let’s raise our glasses and toast to cheaper wine. The price of wine is expected to drop to its lowest levels in five years thanks, in part, to a surplus of California grapes. Combined with a decreased demand for wine, drinkers can expect to get better value for every drop they drink this year. The cheaper prices may even […]

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These are the unexpected winners of the grocery wars

New York (CNN Business)Five years ago, Zak Normandin started selling a sleek, pricey, low-calorie beverage called Dirty Lemon via text message. Now, Dirty Lemon is growing up. Since Normandin launched the drink in 2015 he’s expanded the company, rebranding it as Iris Nova and adding other beverages to its portfolio. And soon, Dirty Lemon will make the ultimate jump into […]

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Budget proposals that may give rise to tax disputes

Tax experts say one of the most dispute-prone proposals is making “fraudulent availing” of input tax credit (ITC), without an invoice or bill, a cognizable and non-bailable offence. While Finance Minister Nirmala Sitharaman’s Budget speech emphasised the government’s intent on curbing tax-related litigation, there are some proposals which could potentially give rise to newer disputes. Tax experts say one of […]

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Jeff Bezos Continues To Sell Amazon Shares

Amazon.com Inc.’s founder and Chief Executive Officer Jeff Bezos is continuing his stock selling spree. According to regulatory filings, the world’s richest man has sold more than 2 million shares of Amazon In the past week, for more than $4 billion. The latest transaction was disclosed on Friday after Amazon’s stock touched fresh highs. The transactions are part of a […]

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