Latest News

US Dollar Firms up into NY Open

US Dollar Firms up into NY Open

October 17, 2017 at 1:46 pm 0 comments

The U.S. dollar firmed up into the New York open, with EUR/USD falling under 1.1810 on mixed reports that the European Central Bank may cut quantitative easing purchases levels, while extending the duration of the program. USD/JPY recovered the 112 handle after finding support into its 200-day moving average of 111.82. The U.S. calendar is headlined by September consumer priceRead More

Citigroup Gets Boost to Price Target From RBC to $79 From $75

Citigroup Gets Boost to Price Target From RBC to $79 From $75

October 17, 2017 at 1:44 pm 0 comments

Citigroup (C) received an increase to its price target from RBC Capital Markets after the bank on Thursday reported Q3 earnings per share and revenue above the firm’s expectations. The new price target from RBC is $79 per share, up from $75. This compares with a Thursday closing price of $72.37, down 3.4% on the day, as Citi’s adjusted earningsRead More

Headline PPI Rises In Line While Core Hotter-Than-Expected

Headline PPI Rises In Line While Core Hotter-Than-Expected

October 16, 2017 at 2:59 pm 0 comments

The hurricane-boosted 0.4% September U.S. producer price index (PPI) headline was in line, while core price gains beat estimates thanks to a firm 0.4% service price increase, with price gains of 0.8% for trade services and 1.0% for transportation and warehousing services. There was the largely expected 0.7% goods price gain with a 3.4% energy price surge, alongside a flatRead More

Opko Health Strikes Deal For Japan Tobacco to Develop

Opko Health Strikes Deal For Japan Tobacco to Develop

October 16, 2017 at 2:59 pm 0 comments

Opko Health Inc (OPK) shares were higher nearly 2% in recent pre-market trading after the company said it has struck a deal with Japan Tobacco to develop and commercialize its Rayaldee in Japan for treatment of secondary hyperparathyroidism in non-dialysis and dialysis patients with chronic kidney disease. Under the terms, Japan Tobacco will pay an upfront payment of $6 million.Read More

Hawaiian Holdings to Pay Quarterly Cash Dividend Starting Next Month

Hawaiian Holdings to Pay Quarterly Cash Dividend Starting Next Month

October 16, 2017 at 2:57 pm 0 comments

Hawaiian Holdings (HA), parent company of Hawaiian Airlines, said pre-market Thursday it will start to pay a quarterly cash dividend. The company said it will pay a $0.12 a share dividend, effective Nov. 30, to all shareholders of record as of Nov. 17. The dividend will be in addition to the $100 million share repurchase program announced in April. AsRead More

Hourly Earnings Surge as Payrolls Drop 33,000 vs +100,000 Expected

Hourly Earnings Surge as Payrolls Drop 33,000 vs +100,000 Expected

October 10, 2017 at 9:06 pm 0 comments

U.S. nonfarm payrolls fell 33,000 in September versus the 100,000 increase expected, with August revised to 169,000 from 156,000 previously but July lowered to 138,000 from 189,000. That left the 3-month average at 91,000. The unemployment rate dropped to 4.2% from 4.4% (consensus: 4.4%). Hourly earnings surged 0.5% versus the 0.3% expected, from August’s 0.2% gain (revised higher from 0.1%).Read More

Financial Shares Mainly Higher Pre-Market

Financial Shares Mainly Higher Pre-Market

October 10, 2017 at 9:05 pm 0 comments

Financial shares were higher ahead of opening bell Friday following the report that U.S. employment dropped 33,000 in September due to hurricanes Harvey and Irma. Forecasts had called for a 75,000 increase in nonfarm jobs, but estimates may not be comparable because of the uncertainty surrounding the impact of the storms. The unemployment rate, which was not affected by theRead More