• Pound dives as UK enters new period of uncertainty
Pound dives as UK enters new period of uncertainty

Sterling spiralled lower in Asia on Friday after British elections seemed to have left no single party with a clear claim to power, sideswiping investors who had already weathered major risk events in the United States and Europe.The pound shed nearly three USA cents in hectic trade, or close to 2 percent, while futures for the FTSE FFIc1 lost 0....

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  • Sterling dives, FTSE thrives after United Kingdom election shock
Sterling dives, FTSE thrives after United Kingdom election shock

This means Prime Minister Theresa May's Conservative Party could fail to win a parliamentary majority when the expectation was for her to cruise. Bets that another drop in sterling would flatter worldwide firms' profits pushed London's FTSE up around 0.6 percent, while the Frankfurt, Paris and Milan bourses made nearly as much.

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  • 'Sorry' Theresa May promises to reflect on changes after election setback
'Sorry' Theresa May promises to reflect on changes after election setback

Britain's best-selling Sun newspaper said senior members of her party had vowed to get rid of May, but would wait at least six months because they were anxious that a leadership contest now could propel Labour leader Jeremy Corbyn into power.

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  • Prosecutors seek to turn Cosby's words against him as trial nears end
Prosecutors seek to turn Cosby's words against him as trial nears end

Cosby, 79, is on trial on charges he drugged and sexually assaulted former Temple University employee Andrea Constand at his suburban Philadelphia home in 2004. In the deposition, he said that at one point he gave Quaaludes to a woman named Teresa and that she acted like she was "high". "Nothing's ever off the table", he said during a bre...

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  • After UK Election, The Only 'Certainty' In Britain Is Uncertainty
After UK Election, The Only 'Certainty' In Britain Is Uncertainty

The rot for sterling had started when an exit poll showed the ruling Conservatives could fail to win a clear majority when markets had expected a handy victory. Speculation now turns to who will form a government, and how. The outcome of the snap poll, called by Prime Minister Theresa May to try to bolster her parliamentary majority, was a blow...

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  • Pound dives as UK plunges into new period of uncertainty
Pound dives as UK plunges into new period of uncertainty

But her decision to call the general election has backfired, and it is not even certain she will remain at the helm. It was also down 1.2 percent on the euro at 87.59 pence EURGBP= . The Nasdaq managed to close at a record high on Thursday. The pound fell as low as $1.2636 from $1.2955 on Thursday, before recovering slightly to trade at $1.27...

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  • Trump commits to NATO mutual defense after hesitating
Trump commits to NATO mutual defense after hesitating

The White House later reaffirmed the commitment in a statement announcing that Trump will visit Poland next month as part of his second foreign trip. U.S. President Donald Trump on Friday accused Qatar of funding terrorism "at a very high level", urging the Gulf Arab country to stop the funding.

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  • Erdogan urges lifting of blockade against Qatar
Erdogan urges lifting of blockade against Qatar

Less than a week after celebrating - and taking credit for - the Persian Gulf states' ostracism of Qatar, the Trump administration is now scrambling to craft a coherent policy toward the region that won't imperil USA counterterrorism operations or alienate longtime allies.

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  • London attack: Police find body in Thames, death toll raised to eight
London attack: Police find body in Thames, death toll raised to eight

The third London Bridge attacker was named today as Youssef Zaghba , a 22-year-old Moroccan-Italian. The Metropolitan Police said they had reviewed security ahead of the vote, putting in place a "specialist and highly flexible operation" which can be deployed as needed.

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  • Fact check: Trump tweets he was 'vindicated' by Comey testimony - not quite
Fact check: Trump tweets he was 'vindicated' by Comey testimony - not quite

On Friday he said he was "committing the United States to Article 5". U.S. President Donald Trump gestures during the Infrastructure Summit with Governors and Mayors at the White House in Washington , U.S., June 8, 2017. "I will tell you, I didn't say that", he said. "I took it as, this is what he wants me to do". "I think, on balance, this ...

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  • Affordable housing is 'out of reach' for many MI renters, study says
Affordable housing is 'out of reach' for many MI renters, study says

At the current hourly wage of $9.30, a worker would have to work 95 hours a week - with 2.4 full-time jobs - in order to avoid spending more than 30 percent of their income on rent. "We have the resources to solve the affordable housing crisis by realigning federal tax expenditures and reinvesting the savings in rental housing programs that serve o...

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  • Britain's snap election backfires on Prime Minister Theresa May
Britain's snap election backfires on Prime Minister Theresa May

She had hoped to boost the Conservatives' majority in Parliament and get a stronger mandate in negotiating the Brexit from the European Union . Questions were soon raised about the longevity of the minority government , the possibility of another election in the near future, the approach to Brexit talks that will inevitably be influenced ...

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  • Apple launches speaker to rival Amazon Echo
Apple launches speaker to rival Amazon Echo

Siri can do things such as read out the news and send iMessages , but Apple also claims that, on the HomePod , Siri also acts as a "musicologist" that will help you discover new music. New features coming to iPhones and iPads, meanwhile, include marginal improvements such as syncing messages to Apple servers in the cloud, saving storage spac...

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  • New Analyst Ratings For Georgia Healthcare Group (LON:GHG)
New Analyst Ratings For Georgia Healthcare Group (LON:GHG)

The firm has "Buy" rating given on Tuesday, May 30 by RBC Capital Markets. Barclays PLC restated an "equal weight" rating and issued a GBX 130 ($1.68) target price on shares of FirstGroup plc in a research note on Wednesday, March 29th. The firm has "Buy" rating given on Thursday, August 25 by Peel Hunt. Oppenheimer downgraded the stock to "Perfo...

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  • Morgan Stanley Reaffirms Buy Rating for AstraZeneca plc (AZN)
Morgan Stanley Reaffirms Buy Rating for AstraZeneca plc (AZN)

Investors sentiment decreased to 0.85 in 2016 Q4. Its up 0.35, from 0.46 in 2016Q3. The Price Index 12m for Purplebricks Group PLC (AIM:PURP) is 3.23922. The company has a consensus rating of Hold and a consensus target price of GBX 1,106.76 ($14.22). Jefferies has "Hold" rating and GBX 140 target. Deutsche Bank maintained the stock with "Buy" ra...

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  • Genworth Financial Inc (GNW) Position Increased by Parametric Portfolio Associates LLC
Genworth Financial Inc (GNW) Position Increased by Parametric Portfolio Associates LLC

Oxford Asset Management bought a new position in shares of Genworth Financial during the fourth quarter valued at about $30,480,000. Commerzbank Aktiengesellschaft FI now owns 38,774 shares of the financial services provider's stock valued at $148,000 after buying an additional 6,657 shares during the period.

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  • Colourful Conservative Davidson blunts drive for Scottish independence
Colourful Conservative Davidson blunts drive for Scottish independence

Davidson claimed that the result had left IndyRef2 "dead". Ruth Davidson looked delighted as she watched her party unseat the SNP's former leader Alex Salmond and their Westminster leader Angus Robertson . The SNP MP received 18,451 votes with the Tories in second with 14,818, Labour in third with 13,040 and the Lib Dems in fourth on 1,124...

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  • Trump goes on offensive against ex-FBI chief, calling him a 'leaker'
Trump goes on offensive against ex-FBI chief, calling him a 'leaker'

He also blasted Comey as "a leaker". Comey told a Senate committee Thursday that he believes Trump fired him over the Russian Federation probe, and he accused the White House of lying about the details of the dismissal. Trump had confirmed in a TV interview that he had sacked Comey because of the investigation, though his team had repeat...

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  • Boris Johnson makes quick exit after count as Theresa May leadership questioned
Boris Johnson makes quick exit after count as Theresa May leadership questioned

However, Tory backbenchers are proving more forthcoming. 'I don't believe that Theresa May will stay as our Prime Minister indefinitely. Bookies put the former Mayor of London as favourite to succeed Theresa May, who resisted mounting pressure to quit after her snap election backfired.

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  • Banks, energy stocks lead early gains for USA market indexes
Banks, energy stocks lead early gains for USA market indexes

The Standard & Poor's 500 index fell 13 points, or 0.5%, to 2,421 around 3 p.m. EDT. Energy stocks were up the most as the price of crude oil rose. The dollar strengthened to 110.40 yen, from 109.94 yen. The tech-heavy Nasdaq composite, which has outpaced gains by other USA stock indexes this year, fell the most.

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  • A Technical Look At 2 Stocks: MoSys, Inc. (MOSY), Yahoo! Inc. (YHOO)
A Technical Look At 2 Stocks: MoSys, Inc. (MOSY), Yahoo! Inc. (YHOO)

Tracking most recent quarter period, Price to book (P/B) ration is at 1.11 and Price to cash per share ration is at 2.24. The lowest price the stock reached in the last trading day was $53.49 and compares with the $35.05 52-week low. Nonetheless, from here on out, earnings per share forecasts for the current quarter are $-0.61. The lowest 12-month ...

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  • United States crude oil inventories are still above historic norms — CHART
United States crude oil inventories are still above historic norms — CHART

American production has expanded to 9.34 million barrels a day, according to the EIA. As Qatar is one of the OPEC member countries, this unprecedented move has instantly drawn world attention to the oil-producing region, sending shockwaves through the oil markets .

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  • After shock result May pushes Brexit hand
After shock result May pushes Brexit hand

The Conservative party won 318 out of 650 seats, short of the 326 needed for a majority and 12 fewer than it had before the election. The leader of the Labour Party , Jeremy Corbyn , urged her to resign, saying he is "ready to serve" himself, while the leader of the Lib Dem, Tim Farron, said she "should be ashamed" and should resign "if she h...

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  • Are Analysts Bullish Realty Income Corp (NYSE:O) After Last Week?
Are Analysts Bullish Realty Income Corp (NYSE:O) After Last Week?

Kdi Capital Partners Llc increased Amerisourcebergen Corp (ABC) stake by 45.47% reported in 2016Q4 SEC filing. The mean target of $59.00 should be compared with the price when the stock was languishing around $52.72 a share. BTIG Research initiated Duke Realty Corp (NYSE:DRE) on Thursday, August 25 with "Neutral" rating. (NYSE:GTY) has "Hold" ratin...

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  • Flight shares soar as pound sinks after election shock
Flight shares soar as pound sinks after election shock

Versus the euro, the pound also fell more than 1.1% to 1.13 euros, to levels not seen since January. The swing higher came as the pound GBPUSD, -1 .9758% sank below $1.27 after an exit poll and early results in the United Kingdom election showed the ruling Conservative Party was at risk of losing its slim majority.

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  • Pirates of the Caribbean Dominates Global Box Office
Pirates of the Caribbean Dominates Global Box Office

Rather, it seems that zombie sharks and monkeys, along with the fact that that Johnny Depp is somehow legitimately a cinematic sensation in Russian Federation in 2017, carried Pirates 5 to global victory. The same, however, can not be said for the heavily hyped " Baywatch " reboot, which sputtered to a measly $22 million in its opening weekend ...

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  • Marks & Spencer Group (LON:MKS) Broker Roundup
Marks & Spencer Group (LON:MKS) Broker Roundup

As per Thursday, May 25, the company rating was maintained by Investec. The Company's business focuses on supplying equipment and services to the fit-out, maintain and operate sectors of the market, with its businesses also supplying construction contractors.

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  • SoftBank is buying Boston Dynamics from Alphabet
SoftBank is buying Boston Dynamics from Alphabet

Dylan: What do Boston Dynamics and GateHouse Media , a large publisher of MA newspapers, have in common? Boston Dynamics was the highest-profile company acquired by Google during that buying spree. Known for its robots Atlas and BigDog, Boston Dynamics has struggled to push its inventions to the market and was listed for sale more tha...

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  • British Prime Minister Vows to Carry on Despite Election Losses
British Prime Minister Vows to Carry on Despite Election Losses

The shock general election in the United Kingdom failed to earn a majority for the ruling Conservative Party, headed by Prime Minister Theresa May . Chancellor Philip Hammond, Foreign Secretary Boris Johnson, Home Secretary Amber Rudd, Defence Secretary Michael Fallon and Brexit Secretary David Davis have all been kept on in their roles.

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  • House passes bill to kill safeguard regulations in Dodd-Frank Act
House passes bill to kill safeguard regulations in Dodd-Frank Act

Democrats believe it puts consumers and the economy at risk, calling it the "Wrong Choice Act". House Speaker Paul Ryan said the measure "delivers regulatory relief.small banks so desperately need". We're a small community bank and it puts us to more compliance issues. The agency would be led by a single director removable at will by t...

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  • Donald Trump Outlines Infrastructure Plan: 'It's Time to Rebuild Our Country'
Donald Trump Outlines Infrastructure Plan: 'It's Time to Rebuild Our Country'

Trump faced a welcoming audience of 500 at the Rivertowne Marina in Cincinnati's East End, including members of the maritime trades, local union ironworkers, builders and business operators. The White House's self-proclaimed "Infrastructure Week" began with Trump appearing June 5 with aviation officials and some prominent GOP lawmakers to anno...

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  • British Airways CEO blames IT outage on
British Airways CEO blames IT outage on "power supply" issue

BA said in a statement on its website late on Monday evening: "Our IT systems are now back up and running and we will be operating a full flight schedule at Heathrow and Gatwick on Tuesday 30 May". The GMB union claims that the problems could have been avoided if British Airways hadn't outsourced its IT work to India in 2016. "The footpri...

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  • Skyworks Solutions Inc (SWKS) Position Increased by Brick & Kyle Associates
Skyworks Solutions Inc (SWKS) Position Increased by Brick & Kyle Associates

Skyworks Solutions Inc (NASDAQ: SWKS ) has risen 65.40% since June 9, 2016 and is uptrending. It has outperformed by 48.70% the S&P500. Castine Capital Management Llc decreased Independent Bk Group Inc (IBTX) stake by 17.18% reported in 2016Q4 SEC filing.

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  • Comeback for cut-exempt producers threatens to swamp OPEC
Comeback for cut-exempt producers threatens to swamp OPEC

Demand factors have been an issue for the crude oil markets, where the price for major benchmarks fell below $50 per barrel, a level that was considered a durable floor for most of the first quarter. Inventories of refined products were also up, despite the start of the peak-demand summer season. I expect choppy volatility, but ultimately the selle...

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  • Nicola Sturgeon rules out 'rash decisions' on Indyref2 after major SNP losses
Nicola Sturgeon rules out 'rash decisions' on Indyref2 after major SNP losses

Some of its best known and most effective MPs. It's nearly impossible for the party to now argue that the people of Scotland want another Scottish referendum when 60% of the electorate voted for parties which have vowed to block another vote on independence.

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