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Priceline shares soared after the online travel agent reported a much larger than anticipated Q4 profit of $12.63 a share. Revenue also topped forecasts at $2 billion versus forecasts of $1.96 billion. Shares jumped
Inflation in the U.K. climbed to its highest level in a year in January, as declines in fuel and food slowed while clothing rose. According to the Office for National Statistics, consumer prices rose at an annual rate of
U.S. crude oil supplies rose by 2.15 million barrels last week to hit an 86-year high of 504.1 million barrels, while gasoline inventories jumped 3.04 million barrels to an all-time high of
India’s wheat harvest is expected to rebound from a 5-year low this season – surprising analysts who had just last week called for a decline from last season’s 86.5 million metric tons harvest to just 84.5 million tons. The crop is now projected to rise 8.4 percent to
The euro experienced its longest losing streak in 10 months this week, as speculation rose that the European Central Bank will expand stimulus measures at next month’s policy meeting. The common currency dropped
During the fourth quarter Dish Network swung to a loss – bringing full-year profits to fall 21 percent year-on-year to $747.1 million or $1.61 a share versus forecasts of $2 a share. The downbeat results sent shares falling
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According to the EIA, the nation’s natural gas supplies fell by a larger-than-anticipated 158 billion cubic feet versus forecasts for a draw of 87 billion cubic feet. Supplies now stand at
U.S. producer prices unexpectedly rose in January as areas of the service sector such as securities brokerage and dealing set new records – offsetting sharp declines in energy. According to the Labor Department, PPI rose
Despite experiencing one of the worst droughts on record, it looks like South Africa will be on the hook to help Zimbabwe with its corn supplies as its own crop is seen tumbling to an all-time low and neighboring Zambia’s harvest is expected to plunge 30 percent to a 7-year low. Imports will
Shares of Gold Fields made their largest downturn in at least 30 years this week after calling for production to fall to 2.05 million ounces this year. Further weighing on investor confidence is the fact that the new estimate relies on a 30 percent production increase from South Deep, which is years behind schedule. Shares sank
Walmart shares tumbled this week after the world’s largest retailer lowered its full-year profit projection, while also reporting that Q4 earnings slid 7.9 percent thanks to a strengthening U.S. dollar and declining sales. Shares slumped
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