Business


Bank of England holds, sterling turns lower

The Bank of England has trimmed its 2017 GDP growth forecast from 2.0% to 1.9%, slightly lifted the GDP growth projection for 2018 and 2019 to 1.7% and 1.8%, respectively. Carney made clear the high inflation is due to Britain's decision to leave the EU. Paresh Davdra, CEO and Co-Founder of RationalFX offers expert comment: "The BoE has announced that interest rates are to remain on hold at 0.25%".



Coach Will Buy Kate Spade For $2.4 Billion To Bag Millennials

Coach said it expects the deal to add to fiscal 2018 adjusted earnings, and expects $50 million in synergies. While Coach plans to preserve Kate Spade's "brand independence", the acquisition aims to create a leading luxury lifestyle company.


Walgreens Boots Alliance (WBA) Given Daily Media Impact Score of 0.44

Walgreens Boots Alliance (WBA) Given Daily Media Impact Score of 0.44

Checking six months period the stock's performance raised 7.73% while yearly performance is at 8.53%. Oppenheimer & Co. Inc. increased its position in Walgreens Boots Alliance by 24.2% in the third quarter. The ex-dividend date of this dividend is Tuesday, May 16th. ILLEGAL ACTIVITY NOTICE: This news story was first posted by Chaffey Breeze and is the sole property of of Chaffey Breeze.



Trump admits he thought about Russian Federation while firing Comey

In the termination letter to Comey, Trump thanked him for telling the president "three times" that he personally is not under investigation for collusion with Russian Federation during his 2016 campaign. He said speculation Trump is under investigation is "unfounded". Instead, Mr. Comey has recounted to others, he told Mr. Trump that he would always be honest with him, but that he was not "reliable" in the conventional political sense.



Millennials CRUSHED by Snapchat Earnings Fail

Spiegel, who received a stock-based bonus worth almost $600 million for taking the company public, is 26, and co-founder and Chief Technology Officer Bobby Murphy is 28. Revenue was "a relatively disappointing number", Pivotal Research analyst Brian Wieser said. DJ Kang, head of Asia for consumer research firm ValuePenguin, said Snapchat stock is overvalued primarily due to the persistent threat from Facebook and Instagram, forecasting that it is possible that Snapchat could even ...