#Thomson Holiday Group marketing mix | Explore Tumblr posts and blogs

swapnilpande-blog · 5 years ago

Link

Our world is changing fast, and with it, so is the technology that drives it. Collaboration and hybridisation are quickly becoming the new normal, through the smart use of innovative technologies and new delivery models. At NTT Com-Netmagic, we are inspired by how companies - that at the edge of technology innovation, are able to rise above the ordinary, by making things simpler, smarter and more efficient. For more than two decades, we have enabled many such companies to build strategic advantage and achieve extraordinary levels of success.

What powers our efforts on this unique journey is the faith and support entrusted by market leaders like Ratnakar Bank, Flipkart, India Info-line, Thomson Reuters, H&R Johnson, Hungama, Yatra, Eureka Forbes, Mahindra Holidays, C-Edge and others. Our customer success stories cut across a wide spectrum of industries, including Banking and Financial Services, Insurance, E-commerce, Healthcare, Manufacturing, Media & Entertainment, IT & ITeS, Logistics, Hospitality and Education.

As an NTT Communications Group company, we bring you a compelling mix of domain expertise and unmatched global reach, to be a comprehensive Datacenter, Cloud & Network Services Partner to your organisation.

#managedserviceproviders #managed it service providers #managed services in india #data centers in india #dedicated servers in india #cloud computing in india

1 note · View note

ophirgottlieb · 8 years ago

Text

Apple iPhone Average Selling Prices Set to Rise

Apple Inc (NASDAQ) iPhone ASP

Date Published: 2017-01-31 Written by Ophir Gottlieb PREFACE Average selling prices (ASP) for the Apple Inc iPhone are set to rise, even though the mix of cheaper phones its selling relative to expensive iPhones is rising. STORY Yahoo! Finance published a nice piece today, Apple's big problem is summed up in this troubling chart. Here is the chart that was presented:

The point of the chart is that a larger percentage of iPhone sales are below the $500 level than, say, a year ago. Totally a fair point and I assume the data is correct. But this article is a bit flawed. So what's the problem?... NOT GOOD ENOUGH The tweet reads "Apple's big problem is summed up in this troubling chart." Friends, while Apple has problems, this is not one of them. The Yahoo! article reads like this (our emphasis added): To parse this analyst-speak a bit, trends indicate people don't really care about buying the latest and great from Apple. As a result, consumers are buying Apple products that are cheaper than they used to be. OK, so now we have to stop. While a little bit of that is true, there is overwhelming evidence that it is not the real story, and here it is: Apple Inc introduced its iPhone SE, which, oddly, has a reduced screen size similar to the old iPhones. The SE has beefed up hardware but it's small and so is the price. Apple Inc (NASDAQ:AAPL) currently lists the iPhone SE device for $399. Here it on the Apple store website:

And, of course, we must look at the success of the SE. We get this from digital trends authored by Kyle Wiggers on August 10, 2016 (our emphasis added): The SE's traction - as much as 23 percent of total iPhone sales, market research firm RBC Capital Markets estimated And, from that same article, we get this (our emphasis added): the handset accounted for 5.1 percent of all smartphone sales in the U.S. - an amount that saw Apple's year-on-year market share climb 1.3 percent to 31.8 percent. Remember also what Apple's CFO, Luca Maestri said in regard to iPhone SE demand: We were not able to fulfill iPhone SE demand throughout the quarter. Friends, while there is certainly evidence that some consumers are choosing an older and less expensive iPhone model to a new one, which is the thesis presented by Yahoo! Finance, that's not really what's going on. Or, if you prefer, it's not everything that's going on and an omission of the rest is a problem. The new SE is on fire, but the analysis on Yahoo! is much more flawed than that. THERE'S ACTUALLY MORE The iPhone's ASP has dipped to $595, but across the board Wall Street has pegged iPhone ASPs to return above $650 for calendar Q4 (aka the holiday quarter). The rationale behind the giant leap back to "normal" levels is of course... a new iPhone. BREAKING: Apple Inc just announced earnings and the ASP for iPhones was reported as $694.57. This comment and data was added after the initial publication of this article -- it is a look back. You see, this happens pretty often with technology companies. Not the price changes, the incomplete media coverage. This is actually a headline, I kid you not, from 2013 via TechCrunch (emphasis added): Apple's Average Selling Price On iPhones In Q3 Suggest Promotions Are Moving Devices, Older Models Popular At the time of that writing, the ASP for the iPhone was $580, but, of course, the ASP rose with new iPhone releases and in fact, the "older iPhone" phenomenon was a non-event. Here is the chart of Apple Inc (NASDAQ:AAPL) iPhone ASPs through time:

We have highlighted the timing of the TechCrunch article with a red ellipse. Not surprisingly to actual technology analysts and financial professionals, the ASP rose. There is commonly a slump in iPhone ASPs during summer as people wait to buy the new iPhone that's about to be released. Or, said like this (via Kantar): Anticipation for the newest iPhone, usually released in late September every year, typically means a weaker summer period for iOS. Today, three and a half years later, we have the same story, with the same reasoning. While the story definitely has veracity -- that bar chart above is correct -- friends the reasoning is at least incomplete and at worst wrong. Most of the main stream media simply cannot keep up with technology in a way that helps you make informed decisions about your investments. There was no discussion of the iPhone SE in the article from Yahoo! Finance. There was no discussion of this same phenomenon back in 2013. There was no discussion of the seasonality effect on iPhone ASP. There wasn't even a mention that Wall Street analysts across the board have ASPs rising back above $650. This is was just -- nothing. IS IT EVERYONE? The good news is that there are tech journalists that are crazy good. We're talking about people like Mike Isaac of the New York Times. There are primary researchers that are off the charts good, like Ben Bajarin. There are several others. THE POINT The headline should read "Apple iPhone Prices Set to Rise," not "Apple's big problem is summed up in this troubling chart." The latter is just not complete -- and if we really dig into it, Apple's "big problem" has nothing to do with the analysis provided. But fear not -- this summer, the same headline will come back. The author is long shares of Apple Inc (NASDAQ:AAPL). WHY THIS MATTERS If this kind of research interests you then what we offer may be up your alley: Our research sits side-by-side with Goldman Sachs, Morgan Stanley, Barclays, JP Morgan, and the rest on professional terminals as a part of the famed Thomson First Call group. We do this research several times a week and we also have a list of spotlight companies. Each company in our 'Top Picks' portfolio is the winner in an exploding thematic shift like self-driving cars, mobile data and connectivity, health care tech, artificial intelligence, Internet of Things, drones, biotech and more. For a limited time we are offering CML Pro for $19/mo. with a lifetime guaranteed rate. Get the most advanced premium research along with access to visual tools and data that until now has only been made available to the top 1%.

#$aapl

2 notes · View notes

juliabeatty445-blog · 7 years ago

Text

Swift Supper Recipes Through Audra Elizabeth In Preparing food At Isnare.com Free Contents.

A lot of household tourists will head to Orlando to devote fun as well as quality holiday with their families, pals and relatived. Now, certainly not even the most effective Boston Bistros possess the space outside to suit specious seats outdoors, especially if they are located on a boardwalk or in a city - yet, it is crucial to certainly not be sitting on best from the different patrons. So I am actually certainly not visiting devote a bunch of opportunity talking about guest knowledge, Carin Stutz, our COO will definitely speak to you and also share some of the excellent improvements that our team take pride in that her and her group have created in delivering wonderful expertise to our guests.

Possibilities are good that you make use of all kinds of apps, not just games, certainly not just organizers, http://zdrowy-styl-blog.info/ etc. Therefore, our experts have actually split our greatest iPhone apps list in to 5 main groups, to offer you a great choice from top applications to choose from. The decline in money from ops was actually generally as a result of a decrease in earnings and also time pertaining to the selection of present memory card cash where an extra full week of higher edition vacation gift memory card compilations fell under the fourth quarter from financial 2015 as opposed to the very first one-fourth of budgetary 2016.

To organize the 2017 rank from the Asia Pacific area's most cutting-edge colleges, Clarivate Analytics (in the past the Trademark & Scientific research service of Thomson Wire service) began through recognizing more than 600 worldwide institutions that posted the absolute most posts in scholastic diaries, consisting of schools, not-for-profit charitable organizations, as well as government-funded establishments. Our experts produced a brand-new innovative organization, KBS away from Nyc, that's been actually a terrific collaboration, again that video recording that you saw earlier from our visitors throughout the country and developed our brand-new campaigns. For the nine months finished September 30, 2016 and also 2015 marketing, overall as well as managerial expenditures consisted of fees for the services of John R. Ayling, Leader and also CEO in the volume of $90,000 as well as $90,000, specifically. You ought to surely think about picking a location that will secure a greater ability of folks, instead of be actually shocked on the time from your fundraising supper just to discover that you will not have even area to chair all your welcomed visitors present. The study figures out the ordinary price per location based upon the price from a night in a four-star resort, mixed drinks for two at a top-notch hotel, dinner for two (appetizer, major and also a container of home red or white wine) and also big salami taxi ticket (2 travels of 2 miles each).

0 notes

reneeacaseyfl · 5 years ago

Text

Boeing’s 737 Max Grounding Grinds On: CEO Daily

Good morning.

Katherine Dunn here, filling in from London for Alan, who is on vacation this week.

The saga of Boeing’s 737 Max continues, as the months-long grounding keeps rearing its head in the second-quarter results of airlines around the world.

This morning, low-cost Irish carrier Ryanair, famous for its cheap European deals, announced that profits in Q2 were down 21%, and while the drop was hardly due to the grounding alone—in particular, Brexit-stressed Britons now need to be tempted into vacations with ever-cheaper flights—the company’s CFO said it is still in talks with Boeing to determine how the plane maker will provide compensation. Earlier this month, Ryanair said that it will fly 5 million fewer passengers next year due to delayed deliveries of the 737 Max; it had ordered 135 in total.

That’s indicative of the effect of the grounding, which has hurt U.S.-based airlines—Southwest in particular—but has dealt an even harder blow to international firms. The pain has been particularly intense for low-cost carriers in Europe and Asia that have smaller fleets and face brutal competition; they are already struggling with rising costs, including for fuel.

Boeing has certainly felt the sting of its own crisis, but as analysts pointed out last week to Fortune, the plane maker does have one advantage: for new planes, carriers simply don’t have many other options (or really, just one option: Airbus).

That hasn’t stopped the bad news from coming. This weekend, the New York Times published an investigation into fumbles by the Federal Aviation Authority (FAA), whose cosy relationship with the company appears to have resulted in patchy regulatory work, delegating tests to in-house Boeing engineers, and FAA officials siding with Boeing over the protests of their own staff. The result was that after two crashes, which killed hundreds, the FAA was left in the dark about what exactly went wrong.

More news below.

Katherine Dunn

[email protected]

@katherine_dunn

TOP NEWS

Trade Talks to Begin

This week will bring another shot at U.S.-China trade talks, as negotiators meet in Shanghai, although people close to the talks present an unclear picture: major breakthroughs may be unlikely, and President Trump has also had mixed words for the chance of a deal. At the same time, getting China to agree to buy more agricultural products, and the U.S. relaxing its ban on companies selling equipment to Huawei may be on the table. WSJ

The Refinitiv Takeover Plan

The London Stock Exchange’s stock was rising Monday morning, after it said this weekend it is in talks to buy Refinitiv—a deal worth $27 billion, including debt. Less than a year ago, Blackstone bought a majority stake in Refinitiv from Thomson Reuters, which still owns 45% of the data business. Reuters

China’s Auto Market Is Suffering

Major factories for international auto brands are operating far below capacity in China, according to the Financial Times, which reported that Ford’s plants in the country were operating at 11% of their capacity, while Peugot owner PSA’s plant in Chang’an saw its capacity fall below 1%. Capacity at other factories is above 80%, but the struggles of Ford and PSA in particular don’t bode well for international automakers. FT

Heineken Sinks

Rising costs offset a growing appetite for beer in every region, Heineken said on Monday—particularly the cost of aluminum. The world’s second-largest brewer missed estimates for its profits for the first half of the year, with an operating profit of just 0.3%. Currency swings have also made an impact, as a weaker Brazilian real—among others—hit costs for raw products. Meanwhile, it didn’t help that this year’s sales in Europe had to compare with last year—when World Cup-related partying provided a massive boon for brewers. FT / Reuters

AROUND THE WATER COOLER

A Food Delivery Merger

One of the world’s largest food delivery companies is in the making, as the British firm Just Eat agreed to merge with a Dutch rival, Takeaway.com, in an $11 billion deal. The combined companies will have strong positions in the U.K., Germany, the Netherlands and Canada, and will have wide reach across most of Europe, where they have little overlap other than in Switzerland. But the deal is just the latest in the competitive, consolidating food delivery market. The Guardian

Along for the Ride

The next feat in autonomous transport is set to take place next month as the first-ever computer-controlled locomotive chugs down a track near Pueblo, Colorado. The experiment, on 48 miles of track, could shape the future of the railroad industry, which is still profitable but facing demands for speedier deliveries. As Fortune‘s Aaron Pressman reports, the autonomous train could reduce fuel costs and increase capacity by enabling trains to run faster and closer together. Fortune

Deutsche Fumbles Layoffs

Earlier this month, Deutsche Bank laid off workers in the first round of what is expected to be a cull of 18,000 jobs, but the firm appears to have forgot a crucial element: cut off former employees’ access to their emails. The FT reports that 50 traders in London and New York still had access to their emails and internal systems after being let go, and one did in fact send emails (450 of them) remotely after she was shown the door. The company is now investigating whether client data was compromised. FT

Vacation Mode

Alan isn’t the only one on vacation this week. It seems that all of Scandinavia is also on holiday as the region doles out four weeks of legally protected, uninterrupted summer PTO. Firms cited in this Bloomberg story preach the importance of fully unplugging and encourage their workers to take their allotted time off. “We feel that it’s important to facilitate a work-life balance for all employees, including senior management,” says Martin Blomgren, spokesman for engineering group Sandvik AB, which urges its staff to take at least four weeks off annually. Bloomberg

Credit: Source link

The post Boeing’s 737 Max Grounding Grinds On: CEO Daily appeared first on WeeklyReviewer.

from WeeklyReviewer https://weeklyreviewer.com/boeings-737-max-grounding-grinds-on-ceo-daily/?utm_source=rss&utm_medium=rss&utm_campaign=boeings-737-max-grounding-grinds-on-ceo-daily

0 notes

todaynewsstories · 6 years ago

Text

Asian shares wobble as China halts trade talks with US; oil rallies

SYDNEY (Reuters) – Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China cancelled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output.

FILE PHOTO: Shipping containers are seen at a port in Shanghai, China July 10, 2018. REUTERS/Aly Song/File Photo

U.S. stock futures were a touch weaker ESv1 while MSCI’s broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS dipped 0.3 percent.

Australian shares fell 0.25 percent and New Zealand’s benchmark index .NZ50 faltered 0.6 percent.

Most of the action was in currencies as financial markets in major Asian centres Japan, China and South Korea were closed for a holiday.

Investors were squarely focused on the Sino-U.S. trade war as China added $60 billion of U.S. products to its import tariff list, retaliating against U.S. duties on $200 billion of Chinese goods that come into effect on Monday.

China also cancelled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week, the Wall Street Journal reported.

The United States, meanwhile, does not have a date for further talks.

The intensifying dispute between the world’s two biggest economies has spooked financial markets worried about the fallout on global growth.

The Japanese yen JPY=, which sees fund inflows during times of crisis, ticked up to 112.5 per dollar from a recent two-month trough while the trade-sensitive Australian dollar AUD=D3 slipped from a 3-1/2 week top to $0.7274.

“The trouble is that further escalation is still on the cards as both sides are still well apart on the key issues,” said AMP Chief Economist Shane Oliver.

“Trump remains defiant saying ‘it’s time to take a stand on China’ and his threat to increase tariffs on all imports from China remains.”

Oliver remained optimistic about Chinese growth as authorities in Beijing step up policy stimulus to offset the economic impact of the tariffs.

Chinese Premier Li Keqiang said over the weekend China will cut import and export costs for foreign firms as it looks to promote an image of being open for business.

“Our view remains that a negotiated solution is likely but it’s unlikely to come until later this year or early next,” Oliver said.

On Friday, Wall Street closed mixed with the Dow .DJI adding 0.32 percent, he S&P 500 .SPX. mostly unchanged and the Nasdaq .IXIC easing 0.51 percent.

BREXIT AND FED

Britain’s exit from the European Union will be another key issue for investors, with risks of a ‘no deal’ or ‘hard Brexit’ shooting up again.

On Friday, British Prime Minister Theresa May said talks with the European Union had hit an impasse after the bloc’s leaders rejected her “Chequers” plan without fully explaining why.

The pound GBP= fell as much as 1.4 percent on Friday, its biggest one-day percentage loss since June 2017. It was last at $1.3080, slightly above Friday’s $1.3053 which was the lowest since mid-September.

The euro EUR= eased from a three-month peak on Monday to last trade at $1.1744.

The dollar’s index .DXY, which measures the greenback against a basket of major currencies, was last at 94.22 to hover near its weakest point since early July.

The dollar was hammered late last week as investors ramped up bets that the U.S. Federal Reserve will be near the end of its rate-hike cycle after an expected increase this week. FEDWATCH

The Fed will end its two-day policy meeting on Wednesday.

Oil prices gained as OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group Russia effectively rebuffed U.S. President Donald Trump’s calls for action to lower prices.

Brent crude LCOc1 futures gained 92 cents to $79.72 a barrel, while U.S. crude CLc1 futures rose 77 cents to $71.55.

Editing by Shri Navaratnam

Our Standards:The Thomson Reuters Trust Principles.

Source link

The post Asian shares wobble as China halts trade talks with US; oil rallies appeared first on Today News Stories.

from WordPress https://ift.tt/2zpKxT1 via IFTTT

#IFTTT #WordPress

0 notes

omcik-blog · 7 years ago

Text

New Post has been published on OmCik

New Post has been published on http://omcik.com/gasoline-soars-and-dollar-dented-as-tropical-storm-harvey-rages/

Gasoline soars and dollar dented as Tropical Storm Harvey rages

LONDON (Reuters) – U.S. gasoline futures jumped to two-year highs while an already weak dollar hit 16-month lows against a basket of currencies on Monday as Tropical Storm Harvey pummelled the heart of the U.S. energy sector and raised concerns about the economy.

The dollar index, on the defensive since U.S. Federal Reserve Chair Janet Yellen failed to mention monetary policy in a closely watched speech at Jackson Hole on Friday, extended its falls as the most powerful storm to hit Texas in more than 50 years was seen as negative for economic growth.

Weakness in the U.S. currency helped the euro to its highest in two and a half years at close to $1.20, building on gains made on Friday after European Central Bank chief Mario Draghi refrained from talking down the strong currency.

Renewed euro strength pushed down European stock markets, with Germany’s blue-chip index 0.5 percent lower and France’s CAC 40 slipping by 0.4 percent.

Trade in general was subdued, with the London market closed for a public holiday.

“The strong euro is weighing on European stock markets,” said London Capital Group analyst Ipek Ozkardeskaya.

“Tapering talks could further demoralise stock traders in the run-up to the ECB verdict (next month). IT stocks are again on the chopping block.”

U.S. stock futures were also a touch lower, suggesting a softer opening on Wall Street later in the day.

Gasoline futures soared as much as 6.8 percent as the storm, which came ashore on Friday, continued to batter the state. They were last up 4.5 percent.

OIL IMPACT

The region is home to a quarter of U.S. crude oil refining capacity and some areas are expected to receive a year’s worth of rainfall in a week. At least two people have died so far.

Harvey has knocked out a quarter of oil production from the Gulf of Mexico, prompting fears it could overturn years of excess U.S. oil capacity and low prices.

“Although the full impact of the storm’s damage is yet to be determined, the markets expect the impact will be felt globally and affect energy markets for many weeks,” an analyst at FxPro said in a note.

U.S. economic growth more than halved in the quarter after Hurricane Katrina mauled Louisiana in August 2005, but bounced back by early 2006 as reconstruction began and gasoline prices moderated.

After surging on Friday, oil prices were mixed on Monday as markets tried to gauge Harvey’s impact on oil production and refinery demand.

Brent futures, the global crude oil benchmark, edged up 0.2 percent to $52.49 a barrel. U.S. crude futures pulled back 0.8 percent to $47.46.

Asian stock markets including Japan’s Nikkei index ended the session little changed, though shares in Japanese property and casualty insurers skidded as investors fretted about the broader impact of the U.S. storm.[.T]

In contrast, China’s major stock indexes rose to 20-month highs after a series of strong earnings.

Markets mostly dismissed North Korea’s firing of three short-range missiles into the sea on Saturday.

DOLLAR DECLINES

While the euro extended Friday’s gains against the dollar, the U.S. currency also slipped against the yen, easing by 0.2 percent to 109.14 yen.

The dollar index – which tracks the U.S. currency against six major rivals – fell to as low as 92.372, its weakest since early May 2016, before recovering a little to trade 0.3 percent down at about 92.489.

Those declines came after Fed chief Yellen focused more on financial stability in her Jackson Hole speech.

The remarks disappointed some investors who had hoped for hints on the Fed’s plans for interest rates, though most analysts had not expected either Yellen or Draghi to shed new light on policies.

“Draghi does not seem to be overly concerned with the current euro levels, which is the market’s justification to move the euro higher,” said Commerzbank currency strategist Esther Reichelt.

Reporting by Dhara Ranasinghe; Additional reporting by Nichola Saminather in SINGAPORE, Danilo Masoni and Jemima Kelly in LONDON; Editing by David Goodman

Our Standards:The Thomson Reuters Trust Principles.

0 notes

todaynewsstories · 6 years ago

Text

Asian shares wobble as China halts trade talks with U.S.; oil rallies

SYDNEY (Reuters) – Asia shares eased in holiday-thinned trading on Monday and the safe haven yen gained as China canceled upcoming tariff talks with the United States, while oil prices jumped after top producers including Russia ruled out boosting crude output.

A man walks in front of a screen showing today’s movements of Nikkei share average outside a brokerage in Tokyo, Japan, June 2, 2016. REUTERS/Issei Kato/File Photo

U.S. stock futures were a touch weaker while MSCI’s broadest index of Asia-Pacific shares outside Japan dipped 0.3 percent.

Australian shares fell 0.25 percent and New Zealand’s benchmark index faltered 0.6 percent.

Most of the action was in currencies as financial markets in major Asian centers Japan, China and South Korea were closed for a holiday.

Investors were squarely focused on the Sino-U.S. trade war as China added $60 billion of U.S. products to its import tariff list, retaliating against U.S. duties on $200 billion of Chinese goods that come into effect on Monday.

China also canceled mid-level trade talks with the United States, as well as a proposed visit to Washington by vice premier Liu He originally scheduled for this week, the Wall Street Journal reported.

The United States, meanwhile, does not have a date for further talks.

The intensifying dispute between the world’s two biggest economies has spooked financial markets worried about the fallout on global growth.

The Japanese yen, which sees fund inflows during times of crisis, ticked up to 112.5 per dollar from a recent two-month trough while the trade-sensitive Australian dollar slipped from a 3-1/2 week top to $0.7274.

“The trouble is that further escalation is still on the cards as both sides are still well apart on the key issues,” said AMP Chief Economist Shane Oliver.

“Trump remains defiant saying ‘it’s time to take a stand on China’ and his threat to increase tariffs on all imports from China remains.”

Oliver remained optimistic about Chinese growth as authorities in Beijing step up policy stimulus to offset the economic impact of the tariffs.

Chinese Premier Li Keqiang said over the weekend China will cut import and export costs for foreign firms as it looks to promote an image of being open for business.

“Our view remains that a negotiated solution is likely but it’s unlikely to come until later this year or early next,” Oliver said.

On Friday, Wall Street closed mixed with the Dow adding 0.32 percent, he S&P 500 mostly unchanged and the Nasdaq easing 0.51 percent.

(Graphic: Asian stock markets : reut.rs/2MXrmTL)

BREXIT AND FED

Britain’s exit from the European Union will be another key issue for investors, with risks of a ‘no deal’ or ‘hard Brexit’ shooting up again.

On Friday, British Prime Minister Theresa May said talks with the European Union had hit an impasse after the bloc’s leaders rejected her “Chequers” plan without fully explaining why.

The pound fell as much as 1.4 percent on Friday, its biggest one-day percentage loss since June 2017. It was last at $1.3080, slightly above Friday’s $1.3053 which was the lowest since mid-September.

The euro eased from a three-month peak on Monday to last trade at $1.1744.

The dollar’s index, which measures the greenback against a basket of major currencies, was last at 94.22 to hover near its weakest point since early July.

The dollar was hammered late last week as investors ramped up bets that the U.S. Federal Reserve will be near the end of its rate-hike cycle after an expected increase this week.

The Fed will end its two-day policy meeting on Wednesday.

Oil prices gained as OPEC’s leader Saudi Arabia and its biggest oil-producer ally outside the group Russia effectively rebuffed U.S. President Donald Trump’s calls for action to lower prices.

Brent crude futures gained 92 cents to $79.72 a barrel, while U.S. crude futures rose 77 cents to $71.55.

Editing by Shri Navaratnam

Our Standards:The Thomson Reuters Trust Principles.

Source link

The post Asian shares wobble as China halts trade talks with U.S.; oil rallies appeared first on Today News Stories.

from WordPress https://ift.tt/2zp33KX via IFTTT

#IFTTT #WordPress

0 notes

vanitynumbers · 7 years ago

Text

Wall Street slips in holiday wind-down

New Post has been published on https://new800numbers.com/business/wall-street-slips-in-holiday-wind-down/

Wall Street slips in holiday wind-down

Local vanity Numbers:

NEW YORK (Reuters) – Wall Street’s major indexes slipped on Friday as thin pre-holiday trading amplified losses in several blue-chip stocks, including Nike.

Nike Inc (NKE.N) shares fell 2.5 percent after the company forecast muted growth in current-quarter revenue, reflecting its struggles in the North American market. [nL4N1OL5L9]

UnitedHealth Group Inc (UNH.N) was down 0.7 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA BAN.SN for $2.8 billion. [nL4N1OM3Y3]

Investors are winding down ahead of the Christmas holiday on Monday, when the market will be closed.

“It’s been a strong week,” said Mark Luschini, chief investment strategist at Janney Montgomery Scott in Philadelphia. “Whether the market is up a little bit or down a little bit is not indicative of larger trends…It’s easy to push things around when not many people are trading.”

Indeed, major Wall Street indexes were on track to end the week higher, buoyed by a historic overhaul of the U.S. tax code.

President Donald Trump signed Republicans’ massive $1.5 trillion tax overhaul into law on Friday and also approved a short-term spending bill that averts a possible government shutdown. [nL1N1OM10Q]

The Dow Jones Industrial Average .DJI fell 36.02 points, or 0.15 percent, to 24,746.27, the S&P 500 .SPX lost 1.9 points, or 0.07 percent, to 2,682.67 and the Nasdaq Composite .IXIC dropped 6.03 points, or 0.09 percent, to 6,959.33.

Wildly volatile bitcoin BTC=BTSP plunged below $12,000, losing around a third of its market value in five days. It since has stabilized above $13,000. Companies that have been riding the bitcoin wave were hit hard by the cryptocurrency’s slump.

Long Blockchain Corp (LTEA.O), Overstock.com Inc (OSTK.O), Riot Blockchain Inc (RIOT.O) and Marathon Patent Group Inc (MARA.O) tumbled between 2 percent and 15 percent. [nL4N1OM1RC]

Data on Friday showed U.S. consumer spending went up in November and shipments of key capital goods orders increased for the 10th straight month, confirming strong economic momentum.[nL1N1OL1VX]

“The data is relatively mixed but biased to the upside, and consumer sentiment continues to be strong and that bodes well for economic strength in 2018,” said Matthew Miskin, market strategist at John Hancock Investments in Boston, Massachusetts.

The benchmark S&P has climbed about 20 percent this year and is on track for its best performance since 2013 on solid corporate earnings, strong economic fundamentals, upcoming cuts to corporate tax rates and hopes of looser regulations.

Real estate .SPLRCR led the S&P 500 in gains, with a 0.7 percent rise. Health .SPXHC was the biggest decliner, falling 0.4 percent.

Celgene Corp (CELG.O) shares fell 1.9 percent after the company’s follicular lymphoma regimen failed in a clinical trial. [nL4N1OL5VA]

Advancing issues outnumbered declining ones on the NYSE by a 1.15-to-1 ratio; on Nasdaq, a 1.27-to-1 ratio favored decliners.

Additional reporting by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva and Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.

vanity phone numbers

0 notes

vanitynumbers · 7 years ago

Text

Wall Street slips as Nike, UnitedHealth drag

New Post has been published on https://new800numbers.com/business/wall-street-slips-as-nike-unitedhealth-drag/

Wall Street slips as Nike, UnitedHealth drag

Local vanity Numbers:

(Reuters) – Wall Street’s major indexes slipped in thin pre-holiday trading on Friday, pressured by losses in Nike and UnitedHealth.

Nike (NKE.N) shares fell as much as 7 percent to hit a 4-month low of $60.14 after the company forecast muted growth in current-quarter revenue.

UnitedHealth (UNH.N) was down 1.2 percent after the health insurer agreed to buy Chilean healthcare company Banmedica SA BAN.SN for $2.8 billion.

Investors are winding down ahead of the Christmas holiday on Monday, when the market will be closed.

“Volumes in the stock market are down 28 percent,” said Michael Antonelli, managing director, institutional sales trading at Robert W. Baird in Milwaukee.

Still, major Wall Street indexes were on track to end the week higher, buoyed by a historic overhaul of the U.S. tax code.

President Donald Trump signed Republicans’ massive $1.5 trillion tax overhaul into law on Friday and also approved a short-term spending bill that averts a possible government shutdown.

At 12:26 p.m. ET (1726 GMT), the Dow Jones Industrial Average .DJI was down 35.85 points, or 0.14 percent, at 24,746.44 and the S&P 500 .SPX was down 3.45 points, or 0.13 percent, at 2,681.12.

Data on Friday showed U.S. consumer spending accelerated in November and shipments of key capital goods orders increased for the 10th straight month, the latest sign of strong momentum in the economy as the year winds down.

“The data is relatively mixed but biased to the upside, and consumer sentiment continues to be strong and that bodes well for economic strength in 2018,” said Matthew Miskin, market strategist at John Hancock Investments in Boston, Massachusetts.

The benchmark S&P has climbed about 20 percent this year and is on track for its best performance since 2013 on solid corporate earnings, strong economic fundamentals and hopes of tax cuts and looser regulations.

On Friday, six of the 11 major S&P sectors were higher, led by energy index’s .SPNY 0.54 percent rise. Health stocks were the biggest decliners .SPXHC, falling 0.43 percent.

Celgene (CELG.O) shares fell more than 2 percent after the company’s follicular lymphoma regimen failed in a clinical trial.

The Nasdaq Composite .IXIC dipped 0.21 percent to 6,950.49 as losses in Amazon (AMZN.O) and Intel (INTC.O) dragged.

Wildly volatile bitcoin plunged below $13,000, losing around a third of its market value in five days. Companies that have been trying to ride the bitcoin wave were hit hard by the cryptocurrency’s slump.

Long Blockchain (LTEA.O), Overstock.com (OSTK.O), Xunlei (XNET.O), Riot Blockchain (RIOT.O) and Marathon Patent Group (MARA.O) tumbled between 2 percent and 15 percent.

Advancing issues outnumbered decliners on the NYSE by 1,426 to 1,389. On the Nasdaq, 1,661 issues fell and 1,159 advanced.

Reporting by Sruthi Shankar in Bengaluru; Editing by Anil D’Silva

Our Standards:The Thomson Reuters Trust Principles.

vanity phone numbers

0 notes

vanitynumbers · 7 years ago

Text

Bitcoin to start futures trading, stoking Wild West worries

New Post has been published on https://mrtollfree.com/business/bitcoin-to-start-futures-trading-stoking-wild-west-worries/

Bitcoin to start futures trading, stoking Wild West worries

Local vanity Numbers:

NEW YORK (Reuters) – Bitcoin fans are salivating over the potential of long-awaited legitimacy for the cyptocurrency when futures trading launches this weekend, but experts worry the risks associated with bitcoin’s Wild West-like nature could overshadow the debut.

A bitcoin (virtual currency) coin placed on Dollar banknotes, next to computer keyboard, is seen in this illustration picture, November 6, 2017. REUTERS/Dado Ruvic/Illustration

The first bitcoin future trades kick off Sunday at 6 p.m. EST (2300 GMT) on Cboe Global Markets Inc’s (CBOE.O) Cboe Futures Exchange, followed a week later by CME Group Inc’s (CME.O) CME.

Nasdaq Inc (NDAQ.O) plans to get into the mix next year, Reuters reported.

While Cboe, CME and Nasdaq offer strictly policed trading environments, the underlying bitcoin market is riddled with crypto-exchanges lacking even basic oversight.

That has stoked fears of market manipulation, inaccurate pricing, and systemic risk to clearing houses.

“I‘m kind of taken aback by what’s happened in the last three months,” said Richard Johnson, an analyst at Greenwich Associates who owns digital currencies and considers himself a bitcoin bull. “I‘m concerned things are moving a bit too quickly.”

Bitcoin’s more than 10-fold upsurge this year has led to warnings of a bubble by the likes of JPMorgan Chase & Co (JPM.N) Chief Executive Officer Jamie Dimon, who called it “a fraud” that will eventually blow up. Others, like Wall Street adviser Tom Lee, expect bitcoin to top $100,000.

On Wednesday, its hypervolatility was on full display as it broke through $13,000 for the first time on the Luxembourg-based Bitstamp exchange BTC=BTSP, jumping more than 11 percent on the day.. Since August 2011, bitcoin has averaged a daily price change of nearly 3 percent, up or down, compared with a daily average change in the U.S. dollar-euro cross rate EUR= of less than 0.5 percent since the euro’s debut in 1999.

“Maybe it’s just the most unique market that is going to continue to go up forever and ever and so everybody on the long side is going to make money and it’s a great thing, but I’ve been around long enough to know that’s not going to work out so well,” said John Lothian, CEO of advisory firm John J Lothian and Company.

As a virtual currency, bitcoin can be used to move money around the world without the need for a central authority, such as a bank or government, which is a double-edged sword, said Steve Grob, director of group strategy at Fidessa.

“There is no backstop. If suddenly tomorrow everyone decided bitcoin was worthless, it would be worthless, and I’m not sure whether people have really thought that one through,” he said.

Traditional banks remain skeptical of dealing with bitcoin exchanges. Earlier this year, Wells Fargo & Co (WFC.N) stopped processing wire transfers for an exchange called Bitfinex, leaving customers unable to transfer U.S. dollars out of their accounts, except through special arrangement with the exchange’s lawyer.

Still, new entrants, from retail investors to high-frequency traders, have piled into bitcoin. U.S.-based crypto-exchange Coinbase said it added 100,000 accounts in the three days around the U.S. Thanksgiving holiday, for 13.1 million overall.

If the futures market were to exceed the size of the spot market, with current daily trading volume of around $6 billion per day, the underlying price could be more susceptible to manipulation, said Kevin Zhou, co-founder of crypto currency fund Galois Capital.

“You’ve seen these problems before in bitcoin futures, where right before the settlement, the price pegs it high or low and then bounces back right after,” he said.

RISK OF AN ‘AVALANCHE’

As volumes increase, there are also questions about the robustness of the technology at bitcoin exchanges, Lothian said.

“Particularly when you’re talking about a high-frequency approach to this where people are trying to arb multiple exchanges.”

Last month, the Gemini bitcoin exchange, which will set the price for Cboe’s futures contract, and GDAX and Kraken, two of the four exchanges in CME’s bitcoin index, had systems issues.

“Every single bitcoin exchange receives and is receiving complaints by users due to the unbelievably surging bitcoin price and the result that has on capacity,” Christina Yee, a Kraken representative, recently told Reuters in an email.

Kraken is planning to launch a new trade engine “soon” which should increase the exchange’s capacity, Yee said.

The volatile nature of bitcoin could also present a risk to clearing houses, said Thomas Peterffy, CEO of Interactive Brokers Group Inc (IBKR.O).

Clearing houses act as a middlemen between the parties to futures transactions. If there were a wild price swing in bitcoin and a smaller brokerage failed to meet its margin call, the clearing house would have to take over the position, further moving the price of bitcoin, which could cause other brokers to fail, Peterffy said.

“If that happens at a time when bitcoin spikes up for whatever crazy reason, there could be an avalanche,” he said.

Questions like these have kept some futures market operators on the sidelines, for now. Intercontinental Exchange Inc (ICE.N), owner of the New York Stock Exchange and ICE Futures U.S., opted not to join CME and Cboe in the race to be first with a bitcoin future.

“We didn’t think it was obvious to rush out a product and be first and settle against an index on a lot of exchanges that are not particularly transparent,” ICE Chief Executive Jeffrey Sprecher said this week at a Goldman Sachs conference.

Reporting by John McCrank and Anna Irrera; Editing by Dan Burns and Lisa Shumaker

Our Standards:The Thomson Reuters Trust Principles.

local vanity numbers

0 notes