Latest news for Prudential Jennison 20/20 Focus A(PTWAX) (See analysis on PTWAX)
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Thursday May 5th 2016: Latest financial news from the worldAsia shares slip for seventh session, bonds well bid
Asian shares slipped for a seventh straight session on Thursday as mixed economic data did nothing to assuage concerns about global growth, keeping sovereign bonds well supported as a hedge against deflation risks.
Oil jumps on Canadian wildfire, Libyan fighting
Oil prices jumped on Thursday as a huge wildfire in Canada disrupted oil sands production, while escalating fighting in Libya threatened the North African nation's output. International benchmark Brent crude futures were trading at $45.36 per barrel at 2.54 a.m. ET, up 74 cents or 1.7 percent from their last close, after three days of declining prices. U.S. West Texas Intermediate (WTI) crude futures were up 95 cents, or 2.2 percent, at $44.73.
U.S. bullet train proposals shun public funds, favor private cash
It took years of lawsuits and political battles for California to finally break ground last year on the nation’s first bullet train, which aims to connect San Francisco to Los Angeles by 2029. High-speed rail advocates had hoped the line, supported by more than $13 billion in state and federal money, would inspire similar government-financed projects. Companies in Texas, Minnesota and Nevada all plan to tap private cash from investors globally, with help from foreign train makers and governments eager to export train technology.
Slower growth dominates picks at hedge fund conference
By Svea Herbst-Bayliss and David Randall NEW YORK (Reuters) - Against a backdrop of slower economic growth, prominent hedge fund managers, including Larry Robbins, Stanley Druckenmiller and David Einhorn, said it will take longer for stocks to rise and laid out best ideas that markets barely reacted to. The remarks come as the hedge fund industry has come under fire for hefty fees, sluggish returns and even a lack of talent. Robbins, whose Glenview Capital Management LLC has fallen on hard times with heavy losses early this year and last, kicked off the Sohn Investment Conference, an annual charitable event that raises money for pediatric cancer, with a confession and warning.
China to invest $11.9 billion in aviation infrastructure in 2016: Xinhua
By Adam Jourdan and Siva Govindasamy SHANGHAI/SINGAPORE (Reuters) - China will invest 77 billion yuan ($11.9 billion) this year in building aviation infrastructure, the official Xinhua news agency reported late on Wednesday, citing the country's civil aviation regulator. The Civil Aviation Administration of China (CAAC) said the investment, which will focus on airports, will initially lead to 11 key construction projects and 52 aviation-related upgrades to existing facilities, Xinhua reported. "The general aviation sector, especially aircraft research and manufacturing, has became a hot spot of both industrial upgrading and social concern," Feng Zhenglin, head of the CAAC, told the official news agency.
India rejects Apple's plan to import used iPhones
By Himank Sharma MUMBAI (Reuters) - India has rejected a plan by Apple Inc to import used iPhones, two telecoms ministry officials said, a blow to the U.S. tech giant that has been seeking to revive waning sales of its flagship smartphones. Apple sells what it calls refurbished iPhones at a discount in some countries, including the United States. Extending this practice to India would have likely helped it increase its share in one of the world's fastest growing smartphone markets against competitors with much cheaper offerings.
Panama Canal expansion exposes U.S. infrastructure, shipper woes
The Bayonne Bridge outside New York and New Jersey terminals is too low. Delayed port fixes, a freighter glut and a wobbly global economy mean that, in the short term, the benefits of the expanded waterway along the U.S. East Coast will be marginal at best, say shipping executives and analysts. Hopes were much higher when the project started nearly a decade ago, amid cheerleading from U.S. ports officials.
Strong U.S. services sector data buoys economic outlook
The U.S. services sector expanded in April as new orders and employment accelerated, bolstering views that economic growth would rebound after almost stalling in the first quarter. Economists say strong services industry activity together with a rebound in automobile sales in April reported on Tuesday, underscore the economy's firm fundamentals that could keep the Federal Reserve on track to raise interest rates twice this year. If Friday's payrolls report corroborates that trend, a June rate hike certainly remains an option," said Harm Bandholz, chief economist at UniCredit Research in New York.
Tesla puts pedal to the metal, 500,000 cars planned in 2018
Tesla Motors Inc said it was stepping up production plans for its upcoming Model 3 mass-market sedan and would build a total of 500,000 all-electric vehicles in 2018, two years ahead of schedule, but warned that spending will ramp up in tandem. The company, which three months ago aimed to make a net profit in the final quarter of this year, gave no profit target on Wednesday and said capital spending would rise about 50 percent more than previously forecast this year, to around $2.25 billion. New shares and debt will likely be issued at some point, Chief Executive Elon Musk added.
Australia clears AB Inbev's $100 billion SABMiller buyout plan
Australia's antitrust regulator on Thursday cleared beer giant Anheuser Busch Inbev SA's planned $100 billion takeover of rival SABMiller Plc, saying the deal would not adversely affect the domestic market. "The ACCC considers that the proposed acquisition is unlikely to result in higher beer prices for consumers," Australian Competition and Consumer Commission (ACCC) Chairman Rod Sims said in a statement. The deal would not hurt competition in Australia because AB Inbev sold its beers in Australia only via distributors, "has only a limited direct company presence in Australia and does not brew beer here," the ACCC said.
Google's neural network is binge reading romance novels
Icky game 'The Binding Of Isaac' gets console expansion on May 10th
The people who made Siri are readying another big leap in AI
How Successful Creatives Start Their Mornings
They often say that the way you start your morning is the way you'll spend the rest of the day. A fresh start is often key to a successful day, but the recipe for a productive morning is different for everyone. Whether it's an oversized mug of coffee or a brisk walk around the block, it's important to find what works best for you.So, how do you...
Surgical robot could sew you up better than a doctor
Why Focus is Critical When Running Your Own Business
If you've ever been the passenger in a car with a newly licensed 16 year old driver at the wheel you know how critical focus can be. Look at the road sweetheart...Focus in your business should feel about the same way as driving with a new driver(without the fear of injury), constantly checking to make sure you are going where you need to go...
Get ready for the new 'Battlefield' game with free DLC
Over one million people swiped right for premium Tinder
DARPA wants your help tracking malicious hackers
FormBox brings a vacuum-forming factory to your home
Hackers are trading millions of Gmail, Hotmail, Yahoo logins
How to Become Superhumanly Productive
We recently had the chance to sit down for an interview with Demir Gjokaj, the head coach and co-founder of Lifehack Bootcamp. For any of you out there who don't know, Demir is someone who has operated at the highest levels of Wall Street, government, and technology.But like many of us, he crashed. His mind was willing, but after years of...
Twitter for Mac lets you search for GIFs when a photo won't do
10 signs you might be working for the wrong company
'Hamilton' and 'Star Wars' collide in your dream jam session
Embrace your inner DJ with McDonald's McTrax placemat
Vine's Windows 10 app is a great way to watch its short videos
How to remap the Caps Lock key and avoid future frustration
CIA and NSA doubled their searches for Americans' data in 2 years
KFC-flavored nail polish gives new meaning to 'chicken fingers'
Cloud-seeding drone makes first flight over Nevada
10 Ways to get Over Hideous Feelings of Fear Creeping in at the Worst Times When Trying to Execute your Plans and Dreams
Most of us have severe feelings of fear wash over us at the most in opportune times in our life and business. I think the human spirit includes feeling scared sometimes as part of the human condition. Maybe you don't feel good enough, maybe you haven't moved past old experiences. When hanging out with my clients and friends, it shocks me when a...
Marketing Should Be an Invitation, Not a Tactic
Photo by: William Iven, Courtesy of Unsplash.comI had a profound realization today.One of those realizations where you wonder why you never saw it before, a complete and utter Aha, and a banishing of all the false stuff, in one fell swoop.It just clicks now. I feel free of needing to figure it all out, because one insight like this has shifted...
Election Tech: The animosity index - why the internet loves and hates Donald Trump
DARPA exhibit offers rare glimpse at a secretive agency
Taxiing airplanes could soon get flight info wirelessly
Anne Frank's story to be told in VR
Roost unveils smart smoke detectors to take on Nest
How a 'Star Wars' nerd made VFX software for the rest of us
YouTube will reportedly start streaming live TV in 2017
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