Business

Trump attacks Merck CEO after he resigns from president's council over Charlottesville

At Trump Tower in NY late Monday, thousands of demonstrators gathered around the building to protest the events in Charlottesville and Trump's response. "In a tweet , Lloyd Blankfein quoted President Abraham Lincoln: "'A house divided against itself can not stand.' Isolate those who try to separate us.

Business

Asian shares, dollar rally as N. Korea blinks

Australian shares were down 1.3 percent, set for a weekly loss of 0.6 percent. North Korea responded to the threat with a promise to land missiles near the US Pacific territory of Guam. "Geopolitical tensions are the main focus: the S&P 500 was down 1,5 percent last night and many investors are becoming risk averse", said DZ Bank strategist Andy Cossor.

Business

German GDP growth decelerates in the second quarter

According to the Financial Times , that's the fastest rate of annual growth since 2014. Foreign trade was the weaker spot: import growth exceeded export growth. Her Christian Democratic party-led bloc is widely expected to emerge as the largest in parliament as Ms Merkel reaps the benefits of the country's booming economy.

Business

Summit Midstream Partners, LP (SMLP) Reaches New 52-Week Low at $19.90

Currently, the stock carries a price to earnings ratio of 0, a price to book ratio of 2.77, and a price to sales ratio of 1.07. Royal Financial Bank Of Canada holds 0% of its portfolio in Martin Midstream Partners L.P. Antero Midstream Partners's payout ratio is presently 86.49%. TRADEMARK VIOLATION WARNING: "Magellan Midstream Partners L.P. (MMP) is Lucas Capital Management's 8th Largest Position" was reported by Week Herald and is owned by of Week Herald.

Business

Broad-Based Advance In US Retail Sales Shows Solid Spending

For most of this year, retail sales have been lackluster, including a decline in May of 0.2 percent and a modest 0.3 percent June gain. Retail sales have climbed 4.2% in the past 12 months, close to the five-year average. Other sectors showing particularly strong growth in addition to non-store retailers and home furnishings stores included building material and garden and supplies stores (up 8.3% from July a year ago) and automobile dealers (up 6.1%), the report said.

Business

US Dollar, yields up on data, North Korea lull

Japan's Nikkei 225 rose 1.34% as the greenback strengthened against the yen, after the index finished lower by close to 1% in the previous session. The CAC 40 of France surged 0.9% to 5,105.83. Tokyo shares failed to partake in the region's gains however, slipping 1% to three-month lows even after data showing robust 1.1% second-quarter growth in Japan, the sixth straight quarter of expansion.


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