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Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Consumer Sector Update for 01/11/2018: FNKO, TGT, POST, DAL, LULU, WMT

Finance
Shutterstock photoTop Consumer StocksWMT, +0.28%MCD, -0.32%DIS, +1.1%CVS, +1.85%KO, -0.29%Consumer stocks were ending the regular session broadly split between winners and losers, with shares of consumer staples companies in the S&P 500 ( XLP ) rising about 1.4% this afternoon while shares of consumer discretionary firms in the S&P 500 ( XLY ) were riding a 1.4% advance.In industry news:Walmart ( WMT ) traded higher for the first time in three days Thursday after the company said it was increasing its starting wage to $ 11 per hour as well as giving eligible employees a one-time, $ 1,000 bonus and extending its maternity leave.Also today, growth in global auto sales is expected to slow during 2018 from their record-breaking pace seen in 2017, according to a new IHS Markit foreca...
Katie Price accused of snubbing working classes with 'scandalous' food post

Katie Price accused of snubbing working classes with 'scandalous' food post

Entertainment
INSTAGRAM / KATIE PRICEBACKLASH: Katie divided her Instagram followers yet againThe former glamour model has been criticised in the past for everything from her parenting to her love of plastic surgery and even her taste in interior design.And in a new Katie Price Instagram post, the Loose Women panellist set tongues wagging once again for all the wrong reasons.Sharing a picture of a sizeable pile of pre-prepared food, the mum-of-five gushed about the delights of not having to cook for herself."Soulmate Food looking after me on the run up to Christmas!" she wrote to her 1.7 million Instagram followers.Katie Price in pictures British television personality and glamour model, Katie Price in pictures. INSTARimages.com Katie Price's hottest pictures INSTAGRAM / ...
Israel Facebook: Mistranslated post creates security alert

Israel Facebook: Mistranslated post creates security alert

Technology
Israeli police arrested a Palestinian man last week after a Facebook post he made saying "good morning" in Arabic was mistranslated to read "attack them" in Hebrew, local media have reported. Police confirmed that the construction worker was briefly held under suspicion of incitement but was released as soon as the mistake was realised. The post showed a photo of the worker next to a bulldozer in the West Bank. Such vehicles have been used to attack Israelis in the past.There is only one difference in lettering between the colloquial Arabic phrase for "good morning to you all" and "hurt them", pointed out The Times of Israel. No Arabic-speaking officer was consulted before the arrest was carried out, say reports, with officers wholly dependent on Facebook's automatic translation.The post i...
Aadhaar now a must for post office deposits, PPF, KVP

Aadhaar now a must for post office deposits, PPF, KVP

Finance
NEW DELHI: The government has made biometric identification Aadhaar mandatory for all post office deposits, PPF, the National Savings Certificate scheme and Kisan Vikas Patra. Existing depositors have been given time till December 31, 2017 to provide the 12-digit unique identification number. Ministry of Finance has issued four separate Gazette notifications making Aadhaar mandatory for opening all post office deposit accounts, Public Provident Fund (PPF), National Savings Certificate scheme and Kisan Vikas Patra deposits. "Provided that where Aadhaar number has not been assigned, the depositor shall submit proof of application of enrolment for Aadhaar," the notification dated September 29 said. Existing depositors who have not provided Aadhaar number at the time of application for s...
Gold loses lustre post GST rollout

Gold loses lustre post GST rollout

Finance
Premium on gold has disappeared since the beginning of this month even as banks and nominated agencies are importing the precious metal in limited quantities, indicating that jewellers have unsold gold with them and demand has slowed since the GST regime was rolled out on July 1. In the last week of June, dealers were charging a premium of up to $ 10 an ounce over official domestic prices, the highest since the middle of November 2016. There are three reasons for the disappearance of premium on gold, said industry executives. First, rural demand has fallen to less than half as kharif sowing has picked up across India with the onset of monsoon. Second, in urban India there are few buyers of jewellery now as the wedding season is yet to arrive. Investment demand for gold in urban India i...