Business

Saudi-led coalition admits banning commercial flights from/to Sanaa airport

Saudi-led coalition admits banning commercial flights from/to Sanaa airport

The number exceeds the death toll of close to 9,000 people killed in violent attacks, according to data from the Ministry of Health. Restrictions imposed on Yemen's airspace by the Saudi-led coalition resulted in the official closure of the Sanaa International Airport to commercial flights on August 9, 2016, leaving many Yemenis with no safe means of transport in or outside the country.


Kohl's looking better in Q2

Kohl's looking better in Q2

Telsey Advisory Group maintained the shares of KSS in report on Friday, August 12 with "Outperform" rating. Kohl's Corporation now has a consensus rating of "Hold" and an average target price of $43.07. Right now Kohl's is getting better operationally, offers high shareholder returns (including a dividend yielding 5.5%) and trades at an okay valuation.


Investors seek safety as N. Korea tension escalates; stocks off, gold up

Investors seek safety as N. Korea tension escalates; stocks off, gold up

The Dow slumped 204.69 points or 0.9% to 21,844.01, the Nasdaq plummeted 135.46 points or 2.1% to 6,216.87 and the S&P 500 tumbled 35.81 points or 1.5% to 2,438.21. China's Shanghai Composite followed suit with a 0.4% retreat, after the latest consumer prices index for the country rose less than expected, and the producer price index met forecasts.


Fear of North Korea attack sends Wall Street spiraling

Fear of North Korea attack sends Wall Street spiraling

The Dow Jones industrial average appeared to be on track for an 10th straight gain - one short of the all-time record - until Trump, speaking from his Bedminster, NJ, golf resort, promised to bring "fire and fury like the world has never seen" on North Korea if the country continues to threaten the US.


Swiss franc eases slightly after spiking on North Korea tensions

Swiss franc eases slightly after spiking on North Korea tensions

U.S. stocks also fell, lingering in negative territory the entire session, but notching smaller declines than in overseas markets . THE QUOTE: "The market has been looking for an excuse to sell off and North Korea and the president gave the market that excuse", said David Schiegoleit, managing director at the U.S.