Economy

Walmart is now in the meal kit business rocking rivals

Walmart is now in the meal kit business rocking rivals

The push comes as traditional grocers and big-box retailers are moving more aggressively into the meal kit industry, in hopes of reaching customers at touchpoints even beyond their store walls. "We're here to help", Tyler Lehr, senior vice president and general merchandise manager, Deli Services, Walmart U.S. said in a statement on Monday. Last month, the e-commerce giant announced plans to start delivering groceries from Whole Foods through its two-hour Prime Now membership service. Read More

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Snowball fight at The Vatican!

Snowball fight at The Vatican!

An amount of snow that wouldn't even register in Chicago, for example, can be a major event when it happens in Atlanta . "It is always lovely, and above all I didn't have to go to work", she said. It was zero degrees Celsius (32 degrees Fahrenheit) in Rome on Monday morning, with a low of minus six Celsius forecast until Wednesday - but no more snow is forecast. Read More

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Tech, industrial shares drive Wall St higher

Tech, industrial shares drive Wall St higher

The Fed's transcript showed that several officials expected inflation to accelerate this year but only a couple of officials were anxious about the economy growing too hot and too fast. With that economic growth interest rates are rising and that is a good thing. "Because although it will discount equities and create more volatility, it is a sign that secular stagnation, disinflation.are finally in the rearview mirror and now we're in a normal market", he said, referring to a period ... Read More

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Crude oil futures rise Rs 61 a barrel on global cues

Crude oil futures rise Rs 61 a barrel on global cues

Nonetheless, oil prices still remain on positive territory due to the Organization of the Petroleum Exporting Countries' (OPEC) efforts to curb output to ease global glut. But soaring U.S. production is threatening to erode Opec's efforts. "Oil got mild support from gains in Asian equity markets, but has been getting pressure from the rise in USA rig count and a slight recovery in the dollar". Read More

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Angela Merkel Criticised By Own Party Over Coalition

Angela Merkel Criticised By Own Party Over Coalition

The rare public broadside at his comrades came after SPD and Merkel's conservative CDU/CSU bloc announced a hard-fought coalition deal on Wednesday that could see Schulz claim the Foreign Ministry. The job is now held by Sigmar Gabriel , who handed the party leadership to Mr Schulz a year ago and has become one of Germany's most popular politicians since taking on the role of foreign minister. Read More

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The 'double-VIX' ETF is the most actively traded stock

The 'double-VIX' ETF is the most actively traded stock

Two exchange-traded products that democratized access to one of Wall Street's most tried-and-true strategies - selling volatility - had just $3.6 billion in assets on Monday. As the stock market suffered through its worst stretch in years earlier this week, readers of Business Insider kept asking one interesting question: What on earth does this mean for Seth Golden? UBS analysts estimate that a US equity decline of 7.4 percent, as seen over the last five working days, has historically ... Read More

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Snap announces better than expected earnings

Snap announces better than expected earnings

The retention rate of new Snapchat users on Android increased by almost 20 percent compared to the year prior, according to prepared remarks. Shares traded at $17.73 after the bell, up 26 per cent after trading even higher earlier. Snap noted that the loss was inflated by the $2.6bn in stock-based expenses it had to pay out in its first year on the market. Insiders sold 3,513,592 shares of company stock worth $45,994,369 over the last quarter . Read More

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Rio Tinto 2017 Profit Rises; Announces Additional $1 Bln Share Buy-back

Rio Tinto 2017 Profit Rises; Announces Additional $1 Bln Share Buy-back

That's a pretty tempting yield for a company with good earnings growth prospects and I think the stock still looks good value despite its 20% rise over the past 12-months versus the 4.5% gain by the S&P/ASX 200 (Index:^AXJO) (ASX:XJO). Underlying net profit after tax, in turn, was $8.62bn, up from $5.1bn in 2016, slightly ahead of market forecasts. The third largest holder is Goldman Sachs Group Inc, which now holds $328.47 million worth of this stock and that ownership represents almost ... Read More

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Jerome Powell officially takes over the US Federal Reserve

Jerome Powell officially takes over the US Federal Reserve

He graduated in politics from Princeton and in law by Georgetown. Mr Powell is a former partner at private equity firm Carlyle , while he also served in the treasury under former president George H W Bush in the 1990s. But Mr Faust said it might be particularly important to have a trained economist as chairman if there was another recession. "I've found him to be a very thoughtful policymaker". Read More

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Why United Parcel Service, Inc. Stock Fell 7% Thursday

Why United Parcel Service, Inc. Stock Fell 7% Thursday

The company's shares were given away at $110.85 per share worth to an income of some $394,183 on account of Barber James J. (NYSE:UPS). Kelly Lawrence W & Assocs Inc Ca reported 2,700 shares or 0.06% of all its holdings. The top gainer with a security that increased in price during today's trading was United Parcel Service , Inc. The institutional investor owned 10,426 shares of the transportation company's stock after selling 2,700 shares during the period. Read More

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How major USA stock indexes fared on Wednesday

How major USA stock indexes fared on Wednesday

The Nasdaq lost 64 points, or 0.9%, to hit 7,401. The Standard & Poor's 500-stock index dropped a tad more than 1 percent Tuesday, closing at 2,822. BIG DECLINER: Juniper Networks slumped 9.5 percent after the provider of network equipment forecast quarterly results that were well below what Wall Street analysts expected. Read More

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Boeing's stock set to add 120 points to Dow industrials

Boeing's stock set to add 120 points to Dow industrials

ANALYST'S TAKE: "Asian markets look set to continue in decline as global equity markets extend the correction phase", said Jingyi Pan of IG in a report. The dollar index fell 0.15 per cent, with the euro up 0.16 per cent to $1.2401. Mr. Wynn has denied the allegations. The stock's week-long decline stopped just short of 7% below a 176.34 buy point, avoiding the automatic sell rule, but leaving shares well below their 10-week moving average. Read More

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Arun Jaitley to break tradition, to deliver budget in Hindi

Arun Jaitley to break tradition, to deliver budget in Hindi

Expectations are really high. "The common man expects honesty; he expects to get what he deserves", he said, responding to a question on whether the budget will be a populist one, in an effort to woo voters. Over the last few weeks, several global agencies have slated India to grow at an accelerated pace compared to major emerging economies this year-some even predicted that India would displace China as the fastest-growing economy in 2018. Read More

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