Money

Gold steady, Trump economic policy in focus

The major gold scrap commodities on the Scrap Register Price Index traded lower on Monday. Spot gold may find support in a zone of $1,204-$1,210 per ounce and bounce moderately before falling, as suggested by its wave pattern and a Fibonacci ratio analysis, according to Reuters technical analyst Wang Tao. Read More

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Reborn with people's prayers: Jayalalitha

Reborn with people's prayers: Jayalalitha

A statement in the first week of November said Jayalalithaa had "fully recovered" and was now "conscious and aware of things around her". She appealed the voters of Tamil Nadu to support her party AIADMK in the upcoming civic and by-elections in Tamil Nadu and Puducherry. Read More

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Withdraw this black political decision: Mamata on demonetisation

Withdraw this black political decision: Mamata on demonetisation

It is in common practice among political parties in opposition to criticise and oppose decisions made by the government in the country. Reportedly Mamata also asked, "Only one percent people hold black money". "If needed we will work together with the CPI (M) with whom we have basic differences and ideological issues", she said at a press conference at the State Secretariat. Read More

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PowerGrid energises quarterly profit by 32% to Rs 1872 crore

PowerGrid energises quarterly profit by 32% to Rs 1872 crore

The state-run bank said it collected as much as Rs11,000 crore in savings deposits in one day against a monthly average collection of Rs8,000 crore in savings deposits. She said the bank received Rs 31,000 crore on Thursday and Rs 22,000 on Friday. Country's largest lender State Bank of India on Friday reported a 35 per cent fall in its second quarter net profit. Read More

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Tata ousts Mistry as TCS Chairman, Boardroom War Escalates

Tata ousts Mistry as TCS Chairman, Boardroom War Escalates

Cyrus Mistry , the ousted chairman of India's Tata Sons Ltd, denied on Friday that he mishandled a harassment case at the company's hotel arm, an incident that media reports said was one of the factors leading to his removal. "It is unfortunate that Tata Sons , acting in good faith, did not anticipate such devious moves by Mr Mistry and thereby did not inform the other directors of the operating companies about its dissatisfaction with Mr Mistry at the level of Tata Sons ". Read More

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Remember Keystone XL? It might be resurrected

Remember Keystone XL? It might be resurrected

He said there are things that Trump can do quickly on his own "because much of what President Obama did that slowed our economy he did on his own, either executive orders or regulations". Last May Trump said that he would approve the pipeline proposal if electing, reversing a decision by the administration of President Barack Obama to block it due to environmental concerns. Read More

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Muni Bond Week in Review: Yields jump like crazy

Muni Bond Week in Review: Yields jump like crazy

Morgan Asset Management. Bond prices and yields move in opposite directions, and prices on Treasuries have cratered. The long-bond is down 5% in price since Florida, Florida, Florida... With the increase on the day, the ten-year yield added to notable increase seen on Monday to reach a five-month closing high. The yield curve has steepened for a second straight day. Read More

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TubeMogul Inc. (TUBE) Posts Earnings Results, Misses Estimates By $0.09 EPS

The two companies seem to have a fair amount of overlap in their current customer bases, including Allstate, Johnson & Johnson, Kraft, Liberty Mutual, L'Oréal, Nickelodeon and Southwest Airlines. TubeMogul Inc will join Adobe Systems Incorporated's Digital Marketing business once the acquisition is complete. On the ratings front, TubeMogul has been the subject of a number of recent research reports. Read More

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As Trump wins White House bid, #NotMyPresident trends on Twitter

As Trump wins White House bid, #NotMyPresident trends on Twitter

The hashtag #NotMyPresident is now trending on Twitter. This election cycle proved that America is more divided than ever, resulting in a stunning upset that very few polls were predicting. Protesters targeted Trump's properties in New York, Chicago, Boston and Washington D.C. While this won't change the outcome of the election, the protest seems particularly apt. Read More

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Fed leaves key rate unchanged but hints at upcoming hike

The Fed observed that inflation has increased since earlier this year, closer to its 2 percent target . They also deleted an earlier reference to inflation remaining low "in the near term". Both wanted to raise rates now. Near-term risks to the economic outlook appear roughly balanced. The November press release had two members voting for a higher federal fund rate of 0.50% to 0.75%. Read More

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AT&T acquisition of Time Warner may avoid FCC oversight

AT&T acquisition of Time Warner may avoid FCC oversight

The reaction was swift: Republican presidential nominee Donald Trump quickly called for the deal to be nixed, as did former Democratic candidate Bernie Sanders. "It's doubtful this acquisition between AT&T and Time Warner will have any impact on the deal between Warner Brothers and Machinima". Time Warner share value dropped by 2.2 percent to $87.52 while AT&T fell 1.5 percent to $36.91, according to The Wall Street Journal report. Read More

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Clinton presses into Arizona, Trump focuses on Florida

Clinton presses into Arizona, Trump focuses on Florida

While Clinton says the Federal Bureau of Investigation has "no case", the review has set Democrats on edge, anxious that it could turn off late-deciding voters. Trump held two rallies in MI on Monday, as his advisers insisted the state showed it was competitive. The day before, he appeared in New Mexico, which has supported the GOP just once over the last three decades. Read More

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Suspect detained after missing East Texas girl's body found

Suspect detained after missing East Texas girl's body found

She was last seen wearing a peach-colored skirt and black "Racquet and Jog" T-shirt. Authorities are still searching the residence and vehicles at the location for more evidence. A timeline of events is still being worked by investigators. A Facebook page has been set up, called Help Find Kayla Gomez, where people were asked to wear her favourite colour, pink. Read More

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Samsung Reviewing Options To Limit Galaxy Note 7 Environmental Impact

Samsung Reviewing Options To Limit Galaxy Note 7 Environmental Impact

It is also reportedly set to replace the S Voice that has been included in other Samsung devices, though this Viv-made assistant is expected to offer a wider array of functionalities. Samsung is saying that in the USA, about 85% of all Note 7 handsets out there have since been replaced, but for those that have yet to be returned, the update will be pushed out in the coming days. Read More

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Canada ready to sign long-delayed trade pact

But Wallonia agreed after being assured Belgium could assess the deal's environmental and socio-economic impacts, and can challenge the dispute resolution system in Ceta at the European Court of Justice. Chan noted Ontario's exports to European Union countries totalled more than $19 billion dollars past year, making the EU the province's second largest trading partner. Read More

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Another North Korean missile flop reported

At the 48th Security Consultative Meeting held at the Pentagon, the two chiefs agreed to bolster naval cooperation, cyber defense capabilities and trilateral exercises including Japan amid North Korea's continued provocations, including its fourth and fifth nuclear tests in January and September this year. Read More

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