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News on Prudential Jennison 20/20 Focus A Fund (PTWAX)

Thursday July 28th 2016

  

Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)

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Thursday July 28th 2016: Latest financial news from the world

Fed caution hits dollar as Japan anticipation builds -  Prudential Jennison 20/20 Focus A(PTWAX) newsFed caution hits dollar as Japan anticipation builds

Traders work at their desks in front of the German share price index DAX board in FrankfurtBy Marc Jones LONDON (Reuters) - The dollar took its biggest tumble in almost two months on Thursday and stocks crept to nine-month highs as cautious sounds from the U.S. Federal Reserve left the focus firmly on Japan's next round of money-printing measures. The dollar was down 0.7 percent against six other major currencies after the Fed ended its meeting on Wednesday with little suggestion that it was in a rush to raise U.S. interest rates. The yen , meanwhile, notched its fourth rise in six days as news that Tokyo had unveiled a surprisingly large 28 trillion yen ($265 billion) stimulus package left traders wondering how aggressive the Bank of Japan would be when it meets on Friday.



Fed keeps rates unchanged, says risks to outlook reduced -  Prudential Jennison 20/20 Focus A(PTWAX) newsFed keeps rates unchanged, says risks to outlook reduced

The Federal Reserve Building in WashingtonThe Federal Reserve left interest rates unchanged on Wednesday but said near-term risks to the U.S. economic outlook had diminished, opening the door to a resumption of monetary policy tightening this year. While Fed policymakers said they continued to closely monitor inflation data and global economic and financial developments, they indicated less worry about possible shocks that could push the U.S. economy off course. “Near-term risks to the economic outlook have diminished,” the Fed’s policy-setting committee said in its statement following a two-day meeting in which it left its benchmark overnight interest rate in a range of 0.25 percent to 0.50 percent.



As iPhone sales stagnate, services promise growth for Apple -  Prudential Jennison 20/20 Focus A(PTWAX) newsAs iPhone sales stagnate, services promise growth for Apple

Workers prepare for the opening of an Apple store in HangzhouThough Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth. Apple's services business alone - which includes the App Store, Apple Pay and iCloud - will be "the size of a Fortune 100 company next year," Chief Executive Tim Cook said on a post-earnings call on Tuesday. Revenue from the business rose 19 percent to about $6 billion for the third quarter, eclipsing sales of iPads and Mac computers for the second consecutive quarter to rank as Apple's second-largest unit after iPhones.



Shell disappoints market as weak oil, BG deal costs hit profits -  Prudential Jennison 20/20 Focus A(PTWAX) newsShell disappoints market as weak oil, BG deal costs hit profits

Filled oil drums are seen at Royal Dutch Shell Plc's lubricants blending plant in the town of TorzhokRoyal Dutch Shell has disappointed investors with a 72 percent fall in quarterly profit that it blamed on weak oil prices and costs related to its $54 billion takeover of BG Group, showing how much strain it faces after the bumper deal. "Lower oil prices continue to be a significant challenge across the business, particularly in the upstream (sector)," said Chief Executive Ben van Beurden, who said last month he wanted Shell to be the best oil company for investor returns. The oil major is laying off some 12,500 workers over 2015-16.



Bytes and barrels: the origins of oil traders' love of Yahoo -  Prudential Jennison 20/20 Focus A(PTWAX) newsBytes and barrels: the origins of oil traders' love of Yahoo

Oil traders work in the pit of the New York Mercantile Exchange in New YorkFor the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Back then, Yahoo's technology revolutionized the industry, helping usher in a new era of high-speed communication that changed the way millions of barrels of oil traded daily. For Gene Grabinski, who was trading crude in Chicago for BP Plc , one of the largest energy companies in the world, it was just the solution needed to stem the endless flood of phone calls as he bought and sold crude in the Midwest and U.S. Gulf.



Fall in Volkswagen brand profit shows lasting effects of scandal -  Prudential Jennison 20/20 Focus A(PTWAX) newsFall in Volkswagen brand profit shows lasting effects of scandal

A Volkswagen sign is seen on a wheel of a car presented during an auto show in BeijingVolkswagen reported a 12 percent drop in quarterly profit at its main passenger car division on Thursday, a big improvement on the quarter before but showing the challenges it still faces to overcome its emissions scandal. The German company published headline first-half numbers last week, saying underlying operating profit of 7.5 billion euros ($8.3 billion) beat analysts' expectations largely due to improvements at its mass-market VW brand. The brand, Volkswagen's largest by revenues, saw profits plunge 86 percent in the first quarter.



AstraZeneca helped by new drugs as cholesterol pill fades -  Prudential Jennison 20/20 Focus A(PTWAX) newsAstraZeneca helped by new drugs as cholesterol pill fades

The logo of AstraZeneca is seen on medication packages in a pharmacy in LondonGeneric competition to cholesterol buster Crestor in the U.S. market pushed second-quarter core earnings down by nearly a third at drugmaker AstraZeneca, which is now banking on new cancer medicines to revive its fortunes. Its new lung cancer drug Tagrisso achieved stronger than expected quarterly sales of $92 million. Quarterly core earnings per share, which exclude some items, fell 31 percent to 83 cents as revenue slid 11 percent to $5.60 billion, following the arrival of the first copies of Crestor in the United States in May.



In clash of billionaires, Bloomberg calls Trump White House race 'a con' -  Prudential Jennison 20/20 Focus A(PTWAX) newsIn clash of billionaires, Bloomberg calls Trump White House race 'a con'

Former New York Mayor Michael Bloomberg speaks at the Democratic National Convention in Philadelphia, PennsylvaniaBy Amy Tennery and Jonathan Allen PHILADELPHIA (Reuters) - New York media mogul Michael Bloomberg assailed fellow billionaire Donald Trump on Wednesday, calling his U.S. presidential race a "con" and ripping into his history of bankruptcies and lawsuits. "Trump says he wants to run the nation like he's running his business? God help us," Bloomberg told the Democratic National Convention in Philadelphia to roaring applause.



SoftBank sees sharp recovery for Sprint, flags much investment for ARM -  Prudential Jennison 20/20 Focus A(PTWAX) newsSoftBank sees sharp recovery for Sprint, flags much investment for ARM

SoftBank Group Corp. Chairman and CEO Masayoshi Son speaks during an earnings briefing in TokyoJapan's SoftBank Group Corp on Thursday flagged a sharp recovery for struggling U.S. unit Sprint and was bullish about long-term prospects for soon-to-be-acquired UK chip designer ARM . The telecoms and internet conglomerate unveiled plans this month to purchase ARM for $32 billion in cash, one of CEO Masayoshi Son's boldest bets yet, as he seeks to be at the forefront of the next wave of digital innovation. "I'm telling ARM management - let's increase the number of engineers, boost R&D spending and make investments proactively," Son told a briefing on SoftBank's first-quarter earnings where it reported flat profits.



Boeing's iconic 747 era could come to an end -  Prudential Jennison 20/20 Focus A(PTWAX) newsBoeing's iconic 747 era could come to an end

Old airplanes, including Boeing 747-400s, are stored in the desert in VictorvilleBoeing also canceled plans to increase production of the 747 to one plane per month from 2019, and stuck to its earlier plan of halving the production rate in September 2016. Production rate on the 747, which was at 1.5 per month in June 2015, has gradually dropped to 1 a month in July 2016, signaling bad news for the jet's future plan. Boeing warned last week it planned to take $3 billion in pretax charges related to its 787, 747 and KC-46 tanker aircraft programs.



Adobe's virtual oil paint adds texture to digital painting -  Prudential Jennison 20/20 Focus A(PTWAX) newsAdobe's virtual oil paint adds texture to digital painting

Level-5's 3DS puzzle series is back with 'Lady Layton' -  Prudential Jennison 20/20 Focus A(PTWAX) newsLevel-5's 3DS puzzle series is back with 'Lady Layton'

​Compra anticipada de iPhone 7 comenzará el 9 de septiembre: reporte -  Prudential Jennison 20/20 Focus A(PTWAX) news​Compra anticipada de iPhone 7 comenzará el 9 de septiembre: reporte

​Nuevos rumores apuntan a iPhone 7 con botón de Inicio táctil y en color Space BlackEl reportero Evan Blass asegura que está confirmado el día en el que comenzarán a venderse los nuevos iPhone por lo cual es más que probable que el evento otoñal de Apple sea esa misma semana.



'Darksiders' rides again on PS4, Xbox One and Wii U -  Prudential Jennison 20/20 Focus A(PTWAX) news'Darksiders' rides again on PS4, Xbox One and Wii U

Sky's 'Buy & Keep' store now sells movie and TV box sets -  Prudential Jennison 20/20 Focus A(PTWAX) newsSky's 'Buy & Keep' store now sells movie and TV box sets

Australia's biggest banks are tackling Apple Pay -  Prudential Jennison 20/20 Focus A(PTWAX) newsAustralia's biggest banks are tackling Apple Pay

Amazon brings its Dash grocery scanner to the UK -  Prudential Jennison 20/20 Focus A(PTWAX) newsAmazon brings its Dash grocery scanner to the UK

'Quantum Break' studio's next project isn't what you expect -  Prudential Jennison 20/20 Focus A(PTWAX) news'Quantum Break' studio's next project isn't what you expect

Obama and Bloomberg and Biden, oh my! Twitter reacts to DNC heavyweights -  Prudential Jennison 20/20 Focus A(PTWAX) newsObama and Bloomberg and Biden, oh my! Twitter reacts to DNC heavyweights

Obama and Bloomberg and Biden, oh my! Twitter reacts to DNC heavyweightsPresident Barack Obama throws his support to his former rival and everyone slams Republican nominee Donald Trump on the third night of the Democratic National Convention.



Watch the Dota 2 International up close and personal in VR -  Prudential Jennison 20/20 Focus A(PTWAX) newsWatch the Dota 2 International up close and personal in VR

Watch the Dota 2 International up close and personal in VRThe International, Valve's premier e-sports tournament, is bringing the action closer to your eye holes than ever before with ways to watch the action in VR.



Yahoo's upgraded Messenger App is now on desktops -  Prudential Jennison 20/20 Focus A(PTWAX) newsYahoo's upgraded Messenger App is now on desktops

Yahoo's upgraded Messenger App is now on desktopsThe revamped Yahoo Messenger app, which first landed on mobile devices last December, is now available on Windows and Mac.



Playstation VR launching in Asia same day as US -  Prudential Jennison 20/20 Focus A(PTWAX) newsPlaystation VR launching in Asia same day as US

Playstation VR launching in Asia same day as USGamers in Asia won't have to wait any longer than their American cousins to get their hands on Sony's VR platform -- though they'll have to pay a touch more.



BigScreen adds audio sharing to fulfill its 'Virtual LAN' promise -  Prudential Jennison 20/20 Focus A(PTWAX) newsBigScreen adds audio sharing to fulfill its 'Virtual LAN' promise

Study identifies two new carcinogens in e-cigarette vapor -  Prudential Jennison 20/20 Focus A(PTWAX) newsStudy identifies two new carcinogens in e-cigarette vapor

Samsung sees profit rise on sales of Galaxy S7 -  Prudential Jennison 20/20 Focus A(PTWAX) newsSamsung sees profit rise on sales of Galaxy S7

Samsung sees profit rise on sales of Galaxy S7The South Korean company beats expectations thanks in part to strong sales of the Galaxy S7 and S7 Edge.



Researchers believe Jupiter's Red Spot is heated by thunder -  Prudential Jennison 20/20 Focus A(PTWAX) newsResearchers believe Jupiter's Red Spot is heated by thunder

Mercedes unveils world's first completely electric semi truck -  Prudential Jennison 20/20 Focus A(PTWAX) newsMercedes unveils world's first completely electric semi truck

The key to unlocking large-scale glasses-free 3D might be...the Nintendo 3DS? (Tomorrow Daily 398) -  Prudential Jennison 20/20 Focus A(PTWAX) newsThe key to unlocking large-scale glasses-free 3D might be...the Nintendo 3DS? (Tomorrow Daily 398)

The key to unlocking large-scale glasses-free 3D might be...the Nintendo 3DS? (Tomorrow Daily 398)Generally, we don't love 3D at the movies, but if this team at MIT can make high-quality 3D happen someday, we're listening.



Apple has finally sold its billionth iPhone -  Prudential Jennison 20/20 Focus A(PTWAX) newsApple has finally sold its billionth iPhone

Online activist group petitions to keep Trump out of security briefings -  Prudential Jennison 20/20 Focus A(PTWAX) newsOnline activist group petitions to keep Trump out of security briefings

Online activist group petitions to keep Trump out of security briefingsCredo Action is seeking 10,000 online signatures on a petition that urges the government to not let the GOP presidential nominee attend security briefings.



Samsung's mobile division is the company's top earner -  Prudential Jennison 20/20 Focus A(PTWAX) newsSamsung's mobile division is the company's top earner

The internet's Ice Bucket Challenge funded a medical discovery -  Prudential Jennison 20/20 Focus A(PTWAX) newsThe internet's Ice Bucket Challenge funded a medical discovery

Lastpass addresses two major vulnerabilities found by users -  Prudential Jennison 20/20 Focus A(PTWAX) newsLastpass addresses two major vulnerabilities found by users

Twitch now makes highlight clips on any channel -  Prudential Jennison 20/20 Focus A(PTWAX) newsTwitch now makes highlight clips on any channel

Tech firms call on lawmakers to invest in STEM ed, reform immigration -  Prudential Jennison 20/20 Focus A(PTWAX) newsTech firms call on lawmakers to invest in STEM ed, reform immigration

Tech firms call on lawmakers to invest in STEM ed, reform immigrationRepresentatives from Microsoft, Facebook, and Amazon tell Democratic members of Congress they need a better-educated and more diverse workforce to stay competitive in the global economy.



Major League Soccer deal lets you buy tickets on other websites -  Prudential Jennison 20/20 Focus A(PTWAX) newsMajor League Soccer deal lets you buy tickets on other websites

A Donald Trump Bluetooth speaker as bold as the man himself -  Prudential Jennison 20/20 Focus A(PTWAX) newsA Donald Trump Bluetooth speaker as bold as the man himself

A Donald Trump Bluetooth speaker as bold as the man himselfA Russian company invites audiophiles to play Donald Trump "like he's been playing you" with a Bluetooth speaker embedded in a bust of the GOP presidential nominee.



MIT's ridesharing network is learning to dodge pedestrians -  Prudential Jennison 20/20 Focus A(PTWAX) newsMIT's ridesharing network is learning to dodge pedestrians

Mark your calendars for Netflix return of 'Gilmore Girls,' 'Black Mirror' -  Prudential Jennison 20/20 Focus A(PTWAX) newsMark your calendars for Netflix return of 'Gilmore Girls,' 'Black Mirror'

Mark your calendars for Netflix return of 'Gilmore Girls,' 'Black Mirror'Lorelai and Rory will start in with the sassiness right after Thanksgiving, so fans have something new to be thankful for this year.



Qualcomm agrees to pay $19.5 million in gender discrimination settlement -  Prudential Jennison 20/20 Focus A(PTWAX) newsQualcomm agrees to pay $19.5 million in gender discrimination settlement

Qualcomm agrees to pay $19.5 million in gender discrimination settlementPlaintiffs in the class action suit said women at Qualcomm were paid less than "the men who work beside them."



  

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