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How robots could change the jobs market forever [0.09]

Posted on Aug. 7, 2017, 10:25 a.m. by Finance @ [source]

Most young people will be doing jobs in the future that currently do not exist, a top executive from one of the world's largest recruitment agencies has told CNBC.

But a new type of leadership will emerge, the report said, where people will not have bosses but formal mentors who help guide their careers from project to project.

automated Cahill changing CNBC exist future job occupations told workers

 

Global benchmark Brent crude futures were down 65 cents, or 1.24 per cent, at $51.77 a barrel at 0926 GMT.

High oil output in the was counteracting other bullish factors, including a Baker Hughes report on Friday that showed a cut of one drilling rig in the week to Aug. 4, bringing the total count down to 765.

barrel benchmark bpd cent cut global hit Libya Monday oil

 

NEW DELHI: Equity mutual funds saw a record inflow of Rs 12,727 crore in July primarily due to a rally in the stock markets and hopes of a rate cut by the Reserve Bank.This also marks the 16th straight month of inflows into equity schemes. Prior to that, such funds had witnessed a pullout of Rs 1,370 crore in March 2016.The strong inflows have pushed the asset base of equity mutual funds (MFs) by more than 6 per cent to Rs 6.3 lakh crore at the end of July from Rs 5.91 lakh crore in the preceding month.According to data from the Association of Mutual Funds in India (Amfi), equity funds, which also include equity-linked saving schemes (ELSS), saw net inflows of Rs 12,727 crore in July, higher than Rs 8,164 crore in the preceding month.Stock markets have been on an upswing, touching new highs this year.

crore equity funds inflow investment investors July markets mutual funds Rs

 

The turnaround at International Business Machines Corp. (NYSE: IBM) led by “Ginni” Rometty, who took the job at the start of 2012, has faltered, flailed and failed. He also engineered a new line of Ford cars and trucks that accelerated Ford’s turnaround after the Great Recession.

CEO cloud computing Corp Facebook Ford IBM NASDAQ NYSE turnaround

 

Chicago to Sue Trump [0.09]

Posted on Aug. 7, 2017, 10:20 a.m. by Distressed Volatility @ [source]

Another lawsuit is expected to be filed against the Trump administration.

That program provides money to hundreds of cities and Chicago expected to receive $3.2 million for purchasing equipment.

administration Chicago cities city federal filed immigration money sanctuary Trump

 

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Meanwhile, world stocks advanced on Monday as better-than-expected company earnings and economic data from the United States stole the focus from rising geopolitical tension over North Korea's nuclear programme.

Asian stocks advanced on Monday, taking their cue from Wall Street, while the dollar moderated but retained most gains made on stronger-than-expected July jobs growth and the promise of a US tax plan that will repatriate corporate profits.

index job levels Monday Nifty positive quarter Rs Rs crore shares

 

Halyard Health's (NYSE:HYH) shares surged several percent on the day of its latest earnings report as its earnings exceeded estimates while its revenue fell short of expectations. Over the long term, HYH's focus on the higher margin higher growth medical devices will drive revenue and earnings growth as it will be selling into healthcare markets with aging populations around the world.

acquisition business growth HYH IP business Medical medical devices product sale strategy

 

President Trump tweeted his 17-day trip to his Bedminister club "is not a vacation" while photos and videos surfaced on social media showing he spent some time Saturday on the golf course. Mr. Trump tweeted he is "working" while "long planned ...

Bedminister Club day photos President trip Trump tweeted vacation videos

 

I remain bullish on GPRO and suggest that readers continue to hold their shares, as there is more upside ahead.

However, GPRO remains a bit reliant on single products for the majority of its revenue, as the HERO5 Black camera accounted for over 60% of its camera sales and over 70% of total second-quarter camera revenue.

camera GoPro GPRO management product quarter Revenue sales stock user

 

NEW DELHI: India Inc is in the last leg of its earnings season for the quarter ended June 30, 2017. The company said the first quarter revenue in India was subdued because of the "pre-GST destocking by the company's business partners, and confusion over switchover from BS III to BS IV emission norms in commercial vehicles.Ceat reported a 98.6 per cent fall in its consolidated net profit at Rs 1.38 crore for the June quarter due to destocking by trade partners ahead of the GST rollout and higher expenses.Textile and apparel player Arvind Ltd posted 22.55 per cent drop in consolidated net profit at Rs 56.75 crore in the quarter ended June 30.

cent crore quarter destocking due ended June GST net profit profit Rs quarter ended Rs crore

 

Textile firm Welspun India today reported a 38.39 per cent decline in consolidated net profit at Rs 128.56 crore for the June quarter due to lower income and higher expenses.The company had posted a net profit of Rs 208.68 crore for the same period of the previous fiscal, Welspun India said in a BSE filing.Total income during the quarter under review stood at Rs 1,552.64 crore as against Rs 1,611.49 crore in the year ago period, down 3.65 per cent. We are also gaining momentum in new channels such as hospitality and e-commerce.

cent crore income India net profit quarter Rs textile Welspun

 

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NEW DELHI: Shares of Sarda Energy & Minerals (up 20 per cent), Autoline Industries (up 19.99 per cent), GPT Infraprojects (up 19.98 per cent), Onelife Capital Advisors (up 19.95 per cent), Mawana Sugars (up 19.95 per cent), Metkore Alloys & Industries (up 19.70 per cent) and Tulsi Extrusions (19.18 per cent) surged up to 20 per cent in Monday's trade on NSE.JP Associates (up 14.20 per cent), Centrum Capital (up 13.88 per cent), Mangalam Timber (up 13.72 per cent), P G Foils (up 13.65 per cent), Gammon Infra (up 13.41 per cent), Ruttonsha International (up 13.41 per cent) and Uttam Sugar Mills (up 13.15 per cent) also gained strongly.Benchmark Nifty and Sensex stayed positive due to firm support from realty, banking and metal stocks.On BSE, BSE MidCap and BSE Sensex Next 50 hit their fresh all-time highs of 15,616 and 34,419, respectively.IT stocks continue to experience selling pressure in frontline bluechip counters such as TCS Wipro and tech Mahindra . Appreciating rupee against dollar is seen as one the major reasons behind the slump in IT stocks.Nifty50 and Sensex were trading marginally higher.Benchmark Nifty50 index was 12 points up at 10,078, while the 30-share Sensex was 27 points up at 32,352 around 2.40 pm (IST).In the Nifty50 pack, 23 stocks were trading in green, while 28 stocks were in red.

benchmark BSE capital cent Nifty50 Sensex share stocks Sugar trading

 

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The were trading flat with a positive bias on Monday taking cues from which got a boost following Wall Street's postive performance on Friday after stronger-than-expected jobs growth in July.

At 3:00 pm, the Sensex was trading at 32,329, up 4 points, while the broader Nifty50 was ruling at 10,074, up 8 points.

index job levels market Nifty quarter Rs Rs crore Sensex trading trade

 

Spirit AeroSystems — formed from Boeing’s 2005 sale of its Wichita division and Oklahoma operations — is an important supplier for Boeing, its biggest customer, and a rival, Airbus, chalking up nearly $1.7 billion in revenue in the first quarter of this year. Spirit, which has 11,000 employees in Wichita and operations in Europe and Asia, said layoffs among its salaried employees and managers were necessary to remain competitive.

age Court discrimination employee employment job Layoffs older Wichita worker

 

After the Senate failed to push through a repeal and replace plan for the Affordable Care Act last month, President Donald Trump is encouraging the Senate to consider a different option for future votes: do away with the legislative filibuster.

act Affordable care failed plan President push repeal replace Senate

 

6 Most Important Stories In Business Today [0.15]

Posted on Aug. 7, 2017, 8:47 a.m. by 24/7 Wall St. @ [source]

During a weekend of particularly poor ticket sales, “The Dark Tower” took the No.1 spot at the box office with receipts of $19.5 million.

Dunkirk finished in second with an estimated $17.6 million, dropping only 34% in its third weekend in release for a domestic cume just shy of $135 million.

cume diversity Dunkirk estimated film financial Memo NASDAQ release weekend

 

STMicroelectronics (NYSE:STM) is a Dutch chipmaker with its physical headquarters located in Geneva, Switzerland. STMicroelectronics supplies the sensing module (but not the required digital chip that is needed to embed the software).

Apple firm future NASDAQ NXP product St STM stock wireless charging