Business
IBM's 4% Stock Tumble Slashes 45 Points From The Dow
The Atlanta Federal Reserve raised its second-quarter GDP estimate by one-tenth of a percentage point to a 2.5 percent annualized rate after data showed USA homebuilding surged to a four-month high in June. Seven of the 11 major S&P sectors were higher, with the telecommunications index's 1.44 percent rise leading the advancers. Both the S&P and Nasdaq hit record highs earlier in the session.
Business
Riot rocks Apapa as policeman shoots tanker driver dead
It was gathered that the firemen had to leave the area for fear of being brutalised by the tanker drivers and their fire trucks vandalised. The caller said hoodlums were trying to take laws into their hands by setting the bank ablaze following the shooting of a tank driver by a policeman attached to the bank during an altercation .
Business
Cops harpoon two dark net whales in megabust: AlphaBay and Hansa
According to investigators, an AlphaBay staffer once claimed the site hosted more than 40,000 vendors, selling to more than 200,000 customers. Attorney General Jeff Sessions announced this morning that the Justice Department, in coordination with law enforcement agencies around the globe, was responsible for shutting down the cryptomarket AlphaBay on July 4 as part of Operation Bayonet.
Business
Many private student loan debts may be discharged
That's a big number, but it accounts for a relatively small fraction of overall USA student debt. The New York Times noted that hundreds of cases have been thrown out when borrowers challenge them because the trusts continually fail to bring the critical paperwork needed to proceed.
Business
Dominion Diamond Corporation (DDC) Downgraded by Gabelli
Shares of Dominion Diamond Corp (NYSE:DDC) now have an Average Brokerage Recommendation of 1, number of Recs in ABR is 2 while industry rank of the company by ABR is 239 out of 265. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. NTES's distance from 20 day simple moving average is -2.37% and distance from 50-Day simple moving average is 1.69%.
Business
Morgan Stanley claims trading victory over rival Goldman Sachs
CFO Jonathan Pruzan echoed other big bank executives on a Wednesday earnings call, saying the bank's 4% decrease in fixed income trading revenue was a result of multiyear volatility lows, episodic market moving events and a rally in interest rates.