Business

Pegasus Partners Ltd. Increases Position in Tyson Foods, Inc

Pegasus Partners Ltd. Increases Position in Tyson Foods, Inc At the end of March reporting period, 335 institutional holders increased their position in Tyson Foods, Inc . Once the concept of beta is understood, an investor can intuitively determine whether or not a particular stock has a high or low beta . [Full Article...]

RBI increases key rate to 6.5% on inflation worries

However, if companies pass on the recent GST rate cuts, some of the impact of inflation will get moderated. The decision will trigger increases in borrowing costs across the economy, as mortgage companies, lenders and savings providers lift their own interest rates. [Full Article...]

OnePlus surpassed Samsung to lead India’s premium smartphone segment, says Counterpoint Research

OnePlus surpassed Samsung to lead India’s premium smartphone segment, says Counterpoint Research South Korean consumer electronics giant Samsung continues to top the list with 20.9% market share. "Smartphone vendors shipped a total of 342 million units during the second quarter of 2018, resulting in a 1.8 percent decline when compared to the 348.2 million units shipped in the second quarter of 2017", said the IDC . [Full Article...]

Durex recall batch of condoms amid 'burst' fears

Durex recall batch of condoms amid 'burst' fears Batches affected have expiry dates of between Dec 2020 and Feb 2021. Ten batches of its non-latex Real Feel and Latex Free condoms with expiry dates between December 2020 and February 2021 are not passing "stringent shelf-life tests". The Medicines and Healthcare products Regulatory Agency said in a statement: "Anyone using affected batches are advised to stop use over concerns they do not mee... [Full Article...]

Donald Trump ratchets up trade war with China

A foreign ministry spokesperson, Geng Shuang , said Beijing was ready for "dialogue and consultation" to defuse the escalating dispute. The change isn't final yet and may not go forward after a public review, the people said. The list named more than 6,000 items worth $200bn in annual trade, including chemicals, textiles, minerals and consumer goods ranging from baseball gloves to frozen fish fil... [Full Article...]

China vows retaliation if USA sets 25 per cent import tariff

China, which has accused the United States of bullying, again vowed to retaliate if Trump proceeds with the measures, warning that pressure tactics would fail. The Chinese have retaliated in kind. Investors fear an escalating trade war between Washington and Beijing could hit global economic growth, and prominent US business groups, while tired of what they see as China's mercantilist trade ... [Full Article...]

RBI hikes repo rates by 25 basis points

RBI hikes repo rates by 25 basis points The reverse repo rate INRREP=ECI was also raised by 25 basis points, to 6.25 percent. Reports suggest that it is for the second time that the RBI has increased the interest rates by 0.25%. The current rate hike comes on the back of rising crude oil prices, hike in the MSP for paddy by a record Rs 200 per quintal, rupee depriciation against the U.S. [Full Article...]

Tesla posts $717m loss yet beats revenue predictions

Tesla posts $717m loss yet beats revenue predictions Investors on Wall Street, meanwhile, were anticipating revenue to fall somewhere in the $3.791 billion range and a loss of $2.90 per share. That put it on track to retake the title of most valuable USA automaker from General Motors Co (GM.N). [Full Article...]

Dollar seesaws against yen

Dollar seesaws against yen MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS eased 0.5 percent and Chinese blue chips.CSI300 by 0.7 percent. The Topix stock index sank 0.8% to the lowest in a week on the biggest decrease in nearly four weeks. [Full Article...]

Treasury Department Sanctions Turkish Officials over Detention of U.S. Pastor

Treasury Department Sanctions Turkish Officials over Detention of U.S. Pastor In an unprecedented escalation in US-Turkey relations, the Trump administration sanctioned senior Turkish officials involved in the detention of US pastor Andrew Brunson. Although the statement did not detail what sanctions Turkey will retaliate, but it's expected that similar sanctions will be imposed on Attorney General and Secretary of Interior of the US administration. [Full Article...]

Salads and wraps from Trader Joe's, Kroger possibly contaminated with Cyclospora

Salads and wraps sold at major grocery chains may have been contaminated by an infectious parasite, according to a public health alert . The affected products are chicken wraps and chicken salads sold only in Iowa, Illinois, Indianapolis, Kansas, Kentucky, Michigan, Minnesota, Missouri, Nebraska, Ohio and Wisconsin. [Full Article...]

U.N. Panel Finds Further Evidence Of Iran Link To Yemen Missiles

U.N. Panel Finds Further Evidence Of Iran Link To Yemen Missiles Following the attack, Saudi Arabia temporarily halted on Thursday crude oil and oil product shipments via the Bab el Mandeb strait until the situation becomes clearer. It has said it foiled previous attacks there in April and May. The stalemated three-year-old war in Yemen has killed more than 10,000 people, left around two-thirds of the population of 27 million relying on aid, and 8.4 milli... [Full Article...]

Jaguar Land Rover slips into the red

Jaguar Land Rover slips into the red JLR reported a loss of 210 million pounds ($276 million) in the quarter through June. "Despite these challenges we remain committed to deliver the planned margins we outlined earlier this year and appreciate the urgency to address our challenges with speed", he said. [Full Article...]

Another Chipotle Is Closed After Customers Complain of Getting Sick

Chipotle Mexican Grill has shut a restaurant in OH following reports of customers falling sick after eating there, the burrito chain said on Monday. Just when it seemed like the company had moved past its illness epidemic, more than 170 people say they got sick after eating at a location in Ohio. [Full Article...]

Frustrated Over China Trade War Progress, Trump Considers Escalation

But she was slightly more guarded with her financial paper trail, tightly intertwined with Republican operative and reputed lover Paul Erickson, BuzzFeed News reported Tuesday evening . China already has retaliated with tariffs, hitting USA farm products in particular. President Donald Trump's administration said on July 10 it would seek to impose the 10 per cent tariffs on thousands of Chi... [Full Article...]

RBI hikes lending rate, loans likely to become dearer

In its last revision, on August 2, 2017, rates were cut by 25 basis points to 6 per cent. The Reserve Bank of India in its monetary policy meet in June made a decision to hike the key interest rates from 6.0 per cent to 6.25 per cent. Reserve Bank of India has made a decision to hike the repo rate by 25 bps from 6.25 per cent to 6.50 per cent. However, the MPC being headed by RBI Governor Urij... [Full Article...]

MoviePass Raising Subscription Prices and Limiting First Run Movies

MoviePass Raising Subscription Prices and Limiting First Run Movies After announcing it will be drastically limiting which movies you can see with MoviePass and drastically reducing the number of theaters that are supported, how about a price hike? -First Run Movies opening on 1,000+ Screens to be limited in their availability during the first two weeks, unless made available on a promotional basis. [Full Article...]

Samsung leads global smartphone market, Huawei pips Apple

Samsung leads global smartphone market, Huawei pips Apple Samsung , which has been a reigning smartphone company in India, slipped to the second place with 34% market share while Apple was placed at the third spot with 14% share of the premium segment in the country. This makes the company the leader of the Indian premium smartphone segment, and what's remarkable here is the amount of time it took for OnePlus to achieve this. [Full Article...]

MoviePass is raising prices, restricting access to blockbuster films

MoviePass reportedly has to pay the full ticket price for all the movies its subscribers go see, so eliminating major releases going forward means the cash-strapped company would pay millions less. "Our community has shown an vast amount of enthusiasm over the past year, and we trust that they will continue to share our vision to reinvigorate the movie industry", said Mitch Lowe , MoviePass CE... [Full Article...]

Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report

Apple Flirts With $1 Trillion Market Cap After Strong Earnings Report Higher iPhone average selling prices, increased services revenue, and unit sales growth for the Apple Watch should drive the expansion, analysts say. Apple on Tuesday reported higher quarterly earnings and revenue than expected, as iPhone sales climbed and revenue from services like the App Store hit a record high. [Full Article...]


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