Stock Market Today


 

Australia's biggest bank just became the first financial institution to be sued over how it deals with the risk of climate change to its business.

Two shareholders of the Commonwealth Bank of Australia (CBAUF) filed a lawsuit in the country's federal court on Tuesday, alleging that the bank did not "adequately disclose" the risks climate change could pose to its financial stability.

Australia bank business climate commonwealth country disclose financial lawsuit risks

 

The domestic market ended in the red for a second consecutive session on Tuesday after investors booked profits amid markets regulator Sebi's move to ban 331 shell companies from trading on the bourses.BSE Sensex cracked 259 points or 0.80 per cent to end at 32,014.19 while Nifty50 ended the session below the 10,000-mark at 9,978.55, down 0.78 per cent or 78 points.The 30-share pack had opened at 32,014.19 and touched an intraday high and low of 32,354.77 and 31,915.20 respectively. Reacting to the development, shares of Bharti Infratel lost 3.98 per cent to end the session at Rs 382.05.In the domestic commodity space, gold prices eased by Rs 70 to Rs 29,350 per ten owing to slackened demand from local jewellers and a weak trend overseas.

bank BSE cent crore ended index red Rs session share

 

Morning News: August 8, 2017 [0.02]

Posted on Aug. 8, 2017, 11:05 a.m. by Crossing Wall Street @ [source]

If Retail is Dying, Why is Money Pouring Into Malls?

Jeff Carter: Should Valuation Be A Disqualifier For Investment?

Carter Disqualifier dying investment Jeff malls money pouring Retail valuation

 

The bears have been winning the battle but that does not mean that investors should jump ship, especially right now.

The bears are having their way with General Electric (GE), and it shows by the fact that GE shares have significantly underperformed the broader market over the last year.

bears concern concerns check GE GE shares Industrial management opinion reported Revenue

 

Which Stock Share Class Should You Buy? [0.09]

Posted on Aug. 8, 2017, 11 a.m. by Morningstar Articles @ [source]

Your question is a timely one. According to Alphabet's annual report, the A common stock,has one vote per share, while the class C capital stock, GOOG, has no voting rights.

Alphabet capital Common Stock companies investors shareholder shares stock voting voting rights

 

Chinese ride-hailing giant Didi Chuxing has announced plans to expand its business in the Middle East and North Africa. The company has been setting up similar deals in Latin America, and with the U.S. ride-hailing app Lyft.

Africa announced Chinese Chuxing Didi giant hailing ride rival Uber

 

Fast-food giant McDonald's plans to accelerate its expansion in China increasing the number of restaurants in the country by 2,000 by the end of 2022, to a total of 4,500 nationwide.

The new plans come after McDonald's sold off most of the China business to state-owned investment house Citic and global asset manager Carlyle, saying they would bring a better understanding of the local market.

business cent China CITIC Easterbrook expansion growth McDonald plan restaurants

 

USD Daily & Monthly [0.01]

Posted on Aug. 8, 2017, 10:47 a.m. by Notes From the Rabbit Hole @ [source]

Since I am hanging out there with a view on USD that goes against all current trends (up in the anti-USD trade and down in Uncle Buck), may as well micro-manage it until resolved.

A longer monthly view shows that it has tested the ’04 and ’05 highs and remains on a big picture breakout from a long-term base.

buck bull current NFTRH party remains term trade Uncle USD

 

Two hikers got the surprise of a lifetime when they came upon a mountain lion while recently backpacking the High Sierra Trail in Sequoia National Park. Sam Vonderheide and Brian McKinney, of Templeton and Atascadero, spotted the animal around 6 p.m. ... Great For August WLWT Cincinnati Two Sierra hikers and a mountain lion had a tense staredown.

backpacking hikers lifetime Lion mountain Recently Sequoia Sierra surprise trail

 

Market regulator Securities and Exchange Board of India ( Sebi ) on Monday asked the stocks bourses to initiate action against 331 suspected shell companies that are listed. Mutual fund houses as well as foreign portfolio investors hold over 11 per cent and 27.13 per cent stake in J Kumar Infraprojects.In a press release, J Kumar Infraprojects said, “J Kumar is not a shell company and the suspicion of the regulator is uncalled for.

cent companies fund India investors Kumar Prakash Sebi Shell stake

 

NEW DELHI: Slow implementation of the Real Estate Regulation Act ( RERA ) seems to have taken a toll on realty stocks as Tuesday's trade saw them plunging up to 20 per cent after reports emerged that the banks, in consultation with the RBI, have decided not to extend loans to projects not registered under the act.Reacting to the news, Nifty Realty index cracked over 4 per cent on Tuesday to touch the intraday low of 271, with shares of Housing Development and Infrastructure (down 20.65 per cent), Unitech (down 10.23 per cent), DLF (down 6.51 per cent), Indiabulls Real Estate (down 3.96 per cent) and Delta Corp (down 3.84 per cent) as the biggest losers.The index closed Tuesday's session at 272, down 4.40 per cent. In the medium term, non-serious players may find difficult to adhere to RERA requirements and could exit business," Edelweiss Securities said in a report.On Tuesday, NSE benchmark Nifty50 index ended 0.78 per cent lower at 9,978, while the 30-share Sensex settled 0.80 per cent down at 32,014.

act cent closed estate index realty report RERA share Tuesday

 

As Verizon Shares Fall, Yield Rises to 4.7% [0.07]

Posted on Aug. 8, 2017, 10:35 a.m. by 24/7 Wall St. @ [source]

Verizon Communications Inc. (NYSE: VZ) is among America’s most rock-solid companies financially. Verizon’s shares are down 8.5% to $48.86 this year.

connections Fiber Fios grew net quarter Revenue second quarter Verizon yield

 

Chevron Corporation (NYSE:CVX) has been active in the Permian Basin for a long time, but it wasn't until a few years ago that it made a serious effort to move into the unconventional arena. Let's look at how Chevron Corporation is progressing with its Permian development.

acre acreage Basin Chevron County Delaware Midland operated Permian position

 

One year I was at Stocktwits listening to Howard Lindzon talk about early stage investing. He mentioned that some of his worst mistakes were passing on investments simply because of valuation.

angel early Howard Investing investments pretty stage team Twitter valuation

 

T-Mobile Offers Plan for Old People [0.21]

Posted on Aug. 8, 2017, 10:20 a.m. by 24/7 Wall St. @ [source]

T-Mobile US Inc. (NASDAQ: TMUS) recently targeted the senior part of the population with new deals for people 55 and older.

The Un-carrier just did it again — eliminating a huge pain point for a generation of rule breakers that gave us the Mobile Era.

age American carrier Inc mobile NASDAQ NYSE plan TMUS unlimited

 

Stock Market at an all-time high. The stock market is at a high.

administration call deregulation early earnings market Mr regulation stock Trump

 

JetBlue travelers will soon be able to file complaints or get answers from the airline through any communication channel they so choose including Facebook Messenger, Twitter and texts.

Additionally, JetBlue Technology Ventures is investing alongside GGV and other venture firms in a $36 million series B round of funding for Gladly.

airline brand communication complaints funding Gladly JetBlue satisfaction Twitter venture

 

After making a mosdest debut on the bourses, pared all its intraday gains to hit its lower circuit of 5% at Rs 123.50 on BSE.

Sintex Industries, meanwhile, settled the day over 12% lower at Rs 31 on BSE.

BSE day demerger intra lower making mosdest Rs shares Sintex

 

Future Retail Q1 net jumps two-fold to Rs 148 cr [-0.17]

Posted on Aug. 8, 2017, 9:59 a.m. by Markets @ [source]

The company had posted a of Rs 70.55 crore during the April-June quarter of the previous fiscal, said in a filing.

April crore filing fiscal June posted quarter Rs

 

Nevada's Division of Insurance said Monday that Anthem, the largest provider of Blue Cross Blue Shield plans in the country, would pull out of the state's 2018 individual insurance exchanges under the Affordable Care Act.

Anthem country Cross division insurance Monday Nevada plans provider Shield