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Data helps world stocks touch new high; dollar dips
16 Feb 2017 at 11:47am
By Chuck Mikolajczak NEW YORK (Reuters) - A gauge of major world equity markets touched a record high for a second straight day on Thursday, lifted by a round of global data, while a drop in the dollar helped boost U.S. bond prices. MSCI's All-Country World index hit an intraday record of 444.94, although stocks on Wall Street dipped as the financial sector , down 0.6 percent, lost ground for the first time in six sessions.
Wall Street rally loses steam as banks and energy weigh
16 Feb 2017 at 11:40am
(Reuters) - Wall Street dipped on Thursday, weighed down by energy stocks as oil prices dropped and banks fell broadly for the first time in six days.
US STOCKS-Wall Street rally loses steam as banks and energy weigh
16 Feb 2017 at 11:34am
Wall Street dipped on Thursday, weighed down by energy stocks as oil prices dropped and banks fell broadly for the first time in six days. Wells Fargo, Bank of America, JPMorgan and Citigroup weighed more ...
Newspapers aim to ride 'Trump Bump' to reach readers, advertisers
16 Feb 2017 at 11:20am
By Jessica Toonkel NEW YORK (Reuters) - The Trump administration's combative view of traditional news media as the "opposition party" and "fake news" is turning out to be the best hope in 2017 for newspapers struggling to attract more digital readers and advertisers. The New York Times , the Financial Times, The Wall Street Journal and Gannett Co are building on the online readership they gained during the 2016 presidential election by marketing unbiased reporting as a sales strategy. The New York Times, which President Donald Trump has referred to as "failing" in his Twitter messages, added a record 276,000 digital news subscribers in the last quarter and sees digital ad revenue up 10 to 15 percent in the current quarter.
The dissonance between Vogue and Teen Vogue is finally too loud to ignore
16 Feb 2017 at 9:58am
In the Trump era, Teen Vogue has become a rallying point of the resistance. But its big sister has ... not. Vogue 's history of tone deafness got worse this week when it released photos from an upcoming fashion editorial featuring supermodel Karlie Kloss dressed as a geisha complete with yellowface. You'd think most magazines would know better by now, then again, what is 2017 but a year of regression? If any of Vogue 's high-fashion competitors ? Harper's Bazaar , W , or Town & Country , for example ? had a similar lapse in judgment, the magazine would likely issue a statement and try to move on. Then there's Teen Vogue. The teen magazine shares Vogue 's legacy name, but has turned itself into a very different publication. Teen Vogue 's Trump takedowns and commitment to progressive values have drawn the attention of teen and adult readers alike post-election. It also serves to remind the world just how much better Vogue could be. Vogue and Teen Vogue share a publisher: Condé Nast. Beyond that they're two separate publications. But magazine readers aren't always paying attention to who runs what behind the scenes. *vogue and teen vogue sitting around the dinner table*vogue: could you pass the corn pleaseteen vogue: could you pass on embarrassing me ? Chai Goth (@Abid_ism) February 15, 2017 When readers see interviews with teenage #NoDAPL activists at Standing Rock in one magazine bearing the " Vogue" name and a glamorization of cultural appropriation the other, it creates a certain cognitive dissonance. The rise of Teen Vogue Launched in 2004, Teen Vogue wasn't always political. When I read the magazine as a 15-year-old, it sounded pretty much like its namesake ? just with cheaper clothes and younger cover stars. But in recent years, the magazine has beefed up its coverage of politics and activism. A lot of the credit for that pivot goes to Elaine Welteroth, who in May was appointed editor ? the first black woman to fill that role. Welteroth runs the magazine alongside digital editorial director Phillip Picardi and creative director Marie Suter in a structure that replaces the traditional editor-in-chief. The differences between Vogue and Teen Vogue are so stark. Having a black woman at the helm of a magazine makes a HUGE difference. ? Lara Witt (@Femmefeministe) February 15, 2017 It's amazing how @TeenVogue is so on point and thoughtful while @voguemagazine is consistently tone deaf and obtuse. ? Awesomely Luvvie (@Luvvie) February 15, 2017 The teen magazine covered protests at Standing Rock, went viral with Lauren Duca's famed anti-Trump op-ed, and has continued to cover politics since. It takes teenage girls seriously, assuming their interest in both civil rights and Ariana Grande. Teen Vogue has become a point of pride for much of the left ? given credit for reporting what the New York Times won't, even when the magazine's website is aggregating Politico . Putting aside the condescension in much of that praise (do people think Teen Vogue is staffed entirely by actual 13-year-olds?), Teen Vogue is far from the only women's magazine writing about politics. A few things re: this kinda talk. pic.twitter.com/aUC6huQQGF ? Phillip Picardi (@pfpicardi) February 5, 2017 Outside of political coverage, the magazine shows a commitment to representation with stories like "7 Girls Show What Beauty Looks Like When It's Not Appropriated." It feels almost impossible that Teen Vogue would publish anything close to Vogue ?s Kloss photo spread today. Meanwhile, at Vogue Writers for Vogue have covered many of the same stories as their Teen Vogue counterparts: Standing Rock, gender identity, fashion and activism. But the magazine's brand and broader editorial ethos hasn't fully caught up to the new realities of the Trump era. Vogue Italia and French Vogue have had their own problems, as pointed out by The Cut : Jewelry described as "slave earrings" and a fashion spread featuring blackface in 2009. Teen Vogue vs Grown Racist Vogue ? pic.twitter.com/PXFkJ73h5A ? jes tom? (@jestom) February 15, 2017 More recently, rumors swirled that First Lady Melania Trump would cover the magazine. ?We have a tradition of always covering whoever is the first lady at Vogue and I can?t imagine that this time would be any different,? editor-in-chief Anna Wintour told the Wall Street Journal earlier this month. The cover girls on Teen Vogue , meanwhile, are Yara Shahidi and Rowan Blanchard, two actresses and activists. It seems unlikely that Tiffany Trump would follow them. A post shared by Teen Vogue (@teenvogue) on Jan 16, 2017 at 5:41am PST Vogue has yet to comment on its Karlie Kloss-as-geisha editorial. The spread, to make matters worse, was shot for Vogue 's "diversity" issue, which featured a group of models on its cover, including Liu Wen, the magazine's first Chinese cover model. Kloss issued her own apology ? similar to the one she gave in 2012 after wearing a Native American headdress on the Victoria's Secret runway. pic.twitter.com/Xem3dkaDZZ ? Karlie Kloss (@karliekloss) February 15, 2017 Kloss started out her modeling career attending casting calls for Teen Vogue . But a lot has changed since then. Vogue isn't the only magazine to fail at representation, and Teen Vogue isn't the only one to rise to the occasion in Trump's America. (Spokeswomen for both magazines declined to comment for this story.) As long as the two share a name, it'll be hard to forget the path not taken. BONUS: Ridiculous Fox anchor to Teen Vogue writer: 'stick to the thigh-high boots'
World stocks drop as Wall Street runs out of steam
16 Feb 2017 at 9:40am
World stocks posted losses Thursday as investors cashed in on recent gains, rattled by Wall Street poised to snap out of its record-breaking run and the return of Trump-related worries.
World stocks hit record highs on upbeat data and Trump's promised tax cuts bu...
16 Feb 2017 at 9:34am
UK challenger banks received a boost after Panmure Gordon began covering the sector with a ?buy? rating. Elsewhere, insurer Lancashire Holdings hit a record high of 740p, up 59.5p on the day, following better-than-expected full-year results.
Pharma group Shire produces top-of-the-range earnings
16 Feb 2017 at 7:37am
By Paul Sandle LONDON (Reuters) - Pharmaceuticals group Shire on Thursday said it was extremely optimistic about long-term growth after reporting a 12 percent rise in earnings for the past year in which it made its largest ever acquisition. Chief Executive Flemming Ornskov said Shire had delivered record product sales and earnings in a year when it bought haemophilia drugs company Baxalta for $32 billion (26 billion pounds) and launched a new medicine for dry eye disease. Total product sales would rise to $14.5-14.8 billion this year, up from $10.9 billion, Shire said, and earnings per share would rise to $14.60-$15.20.
Trump on Twitter (Feb 16) - Stock market, NYT, fake news, Russsia
16 Feb 2017 at 7:07am
The following statements were posted to the verified Twitter accounts of U.S. President Donald Trump, @realDonaldTrump and @POTUS.
China relaxes trading rules on stock index futures
16 Feb 2017 at 5:49am
By Samuel Shen and Nicholas Heath SHANGHAI/BEIJING (Reuters) - China's securities regulator said late on Thursday it will relax certain rules on stock index futures trading as the government starts to gradually unwind restrictions imposed during the 2015 stock market crash. Starting on Friday, rules restricting "excessive trading" in stock index futures will be eased, doubling the previous daily cap of 10 contracts to 20. In addition, margin requirements and trading fees for the derivative trading will also be lowered.
Lenovo targets profitable mobile division by year-end after third-quarter ear...
16 Feb 2017 at 5:34am
By Sijia Jiang HONG KONG (Reuters) - The mobile division of China's Lenovo Group Ltd is "on track" to return to profit by December at the earliest helped by strong growth in overseas markets, its chairman said on Thursday after the firm posted a 67 percent drop in quarterly earnings. Yang Yuanqing also dismissed the possibility of selling the struggling division to focus on the personal computer (PC) market where Lenovo is the world's biggest maker by shipments, as widely proposed by analysts and company watchers. "No, that is not my plan," Yang said in an interview.
Global stocks hit all-time high thanks to Donald Trump's promises and strong ...
16 Feb 2017 at 5:18am
Global stocks scaled new all-time highs on Thursday, spurred by a double whammy of robust economic data and lingering confidence in the Trump administration?s promises to cut taxes and roll back regulation. The MSCI's All Country World index, a benchmark which spans 46 countries, hit its highest level ever according to Reuters, after major indices on Wall Street already scored fresh records on Wednesday night, despite stocks across Europe putting in a softer performance. ?Across the broad landscape, global data has been looking really impressive and a lot of indicators have been looking really strong,? Nandini Ramakrishnan, a global market strategist at JP Morgan Asset Management told The Independent.
Trump?s War with Intelligence Agencies Escalates Dangerously
16 Feb 2017 at 5:15am
The ongoing clash between President Donald Trump and the Intelligence Community appears to be reaching a dangerous crescendo with a pair of reports out Thursday morning that suggest unsustainable levels of mistrust and acrimony between the White House and the agencies charged with keeping the country safe. Intelligence officials have begun holding back information in the daily briefing Trump is supposed to receive about threats to national security, according to The Wall Street Journal. The report stresses that the information being kept from Trump is related to the sources and methods used to gather intelligence, not about the actual threats themselves.
Market Report: Lancashire Holdings has best ever day on market as numbers lea...
16 Feb 2017 at 5:14am
Insurer Lancashire Holdings notched up its best day on the stock market as shares surged on better-than-expected annual results. The FTSE 250 company managed to blow analyst forecasts out of the water for the final three months of the year despite turbulence in the industry. UBS analysts had pencilled in a sharp fall, but admitted the result had come in about $20 million, or 64%, higher than they expected as Lancashire ?side-stepped some of the larger losses in the market?.
Snapchat slashes valuation by billions ahead of stock market flotation
16 Feb 2017 at 5:09am
The owner of Snapchat has set the valuation on its initial public offering at between between $16.2bn and $18.5bn (£13bn - £14.8bn), significantly below expectations of between $20bn and $25bn, the BBC has reported. It could be the biggest technology IPO since Alibaba raised a record $25bn in 2014. Snap is the first US social-media company to go public since Twitter debuted more than three years ago.