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Tag: Update

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...
Midday Update: Stocks Retreat From Record Highs as Wall Street Assess Geopolitical Risks, Tax Reform Debate

Midday Update: Stocks Retreat From Record Highs as Wall Street Assess Geopolitical Risks, Tax Reform Debate

Finance
Shutterstock photoWall Street's major indices retreated from record highs into negative turf on Tuesday as tax reform debate in Congress along with fresh geopolitical risks in the Middle East rekindles risk aversion.Financial stocks are leading decliners with Dow component stocks Goldman Sachs ( GS ) and JP Morgan ( JPM ) causing the bulk of the blue chips' losses. The energy sector is also underwater after West Texas intermediate ran into profit-taking before challenging the $ 60 per barrel mark.US stocks were flat to slightly lower at the open in sympathy with European bourses, which reversed early gains following a significant miss on German production data along with worries about war erupting between Saudi Arabia and Iran, as well as the fallout from the "Saudi purge" this weekend.S...
Net 'not ready' for vital security update

Net 'not ready' for vital security update

Technology
A plan to update the security around some of the net's core address books has been delayed.Net administrative body Icann put its plans on hold after it emerged that some ISPs and large firms were not ready to make the change.It feared that tens of millions would lose net access if the change went ahead as planned on 11 October.Icann said it was working with ISPs to update software and ensure everyone is ready to switch next year."It would be irresponsible to proceed with the roll [out] after we have identified these new issues that could adversely affect its success and could adversely affect the ability of a significant number of end users," said Goran Marby, head of Icann.Trusted informationSince early 2017, Icann (The Internet Corporation for Assigned Names and Numbers) has been prepari...
Mercedes recalls diesel cars for emissions update

Mercedes recalls diesel cars for emissions update

Business
Mercedes-Benz is recalling hundreds of thousands of cars in the UK for a software update to reduce their nitrogen oxide (NOx) emissions.Almost every new diesel bought over the past six years is affected by the move, which the company said was voluntary and would involve owners being contacted to be offered the upgrade.German owner Daimler said it was taking the action across Europe covering three million vehicles in total.It refused to give a country-by-country breakdown but said one million were sold in Germany. It is believed the UK numbers are still being finalised.The UK is one of its biggest customers in the EU - with 170,000 Mercs sold in the country last year alone.Video:The 'smog of argument' over engine emissionsThe vehicles affected have diesel engines meeting the Euro 5 standard...
Snapchat map update raises child safety worries

Snapchat map update raises child safety worries

Technology
An update to Snapchat that shows publicly posted images on a searchable map has raised safety concerns among parents.Snap Map lets people search for places such as schools and see videos and pictures posted by children inside.It also lets people locate their "friends" on a map that is accurate enough to determine where people live.Snap, the company behind Snapchat, stressed to the BBC that location sharing was an opt-in feature.Exact locationSnap Map was launched on Wednesday and was promoted as a "new way to explore the world".Video clips and photos that members have posted publicly can be discovered on the map, while members who have chosen to share their location can also be seen on the map by those they have added as "friends".However, members can add people they have never met to thei...