While an attack on the exchange rate adds a new dimension, Germany's trade imbalance has been criticized for years by the International Monetary Fund and economists including former Federal Reserve head Ben Bernanke. "A drop below 100 for the US Dollar index, plus references to an undervalued euro from a key Trump adviser and a rebound in eurozone CPI, mean that the euro is hitting new highs for the year, with European indices selling off as a result", says Chris Beauchamp at IG in London.
Analysts polled by Thomson Reuters expected the Facebook to earn $ 1.31 per share on revenue of $ 8.51 billion for the fourth quarter. Facebook's biggest money-maker continues to be mobile advertising , with 84% of all advertising revenue now coming from mobile ads, compared to 80% a year ago.
It was widely reported last November that Snap had confidentially filed the necessary paperwork for an IPO with the Securities and Exchange Commission, but had used a JOBS Act provision that allows companies with less than $1 billion in revenue to avoid making that paperwork immediately public.
US crude stockpiles for the week ended Friday rose 6.47 million barrels, almost double the expected increase. OPEC members could reduce supplies by 900,000 bpd in January, the first month of implementation of the accord created to eliminate a global supply glut, according to estimates from tanker-tracker Petro-Logistics SA.
The company's meal delivery service UberEats, which was launched in November previous year, will continue to operate, as it is different from the ride-sharing business model, the official said. The transportation ministry said that as of late December 2016, Uber had accumulated fines of NT$68.45 million for 481 violations, while its drivers had been fined a total of NT$20.83 million.
The struggling company, known for its action cameras, needed the Karma to do well in the 2016 holiday season to recover from what was shaping up to be a awful year. With that, GoPro had to take back all the Karma drones that they have released and refund their customers' money. The average and low price target for the stock are $9.64 and $6, respectively.