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Paychex, Inc. announced better-than-expected results for the fiscal first quarter before the market open on Wednesday. The New-York based company reported total service revenue of $785.5 million for the three months ended August 31. That was up 8.6% from $712.2 million revenue reported for the same period last year.Read More
Silver dropped for a third day in a row on Tuesday, hitting the lowest in more than a week at around $18.960 per ounce. The decline was due to a firmer dollar, weakening oil prices and the outcome of the first presidential debate that sent investors towards riskier assets, after a Clinton victory that relievedRead More
After soaring more than 20% in the year to date, shares of Twitter Inc. seem to be suffering from a perception of being overvalued compared to other social media platforms. Twitter stocks traded around $22 on Friday amidst rumors of a buyout, which have kept re-surfacing for months.Read More
Nasdaq 100 dropped on Friday, denting weekly gains on the face of a strengthening U.S Dollar and retreating oil prices. The dollar climbed against most major currencies following hawkish comments from Boston Federal Reserve President Eric Rosengren that U.S short-term rates should be increased gradually now to avoid economic imbalances and a sudden spurt inRead More
U.K stocks extended their rally for a sixth consecutive trading day. The FTSE100 is on course to reach a 14-month high at 6956.21 one more time. The delay in US interest rate hikes encouraged the benchmark index to surge 1.4% from the market open onwards. A weakening dollar makes commodities cheaper to buyers and hasRead More
FedEx Corp. reported better-than-anticipated earnings for the quarter ended August after the closing bell yesterday. The shipping and logistics company’s operational results for the first quarter of fiscal year 2017 topped expectations even though its acquisition of TNT Express NV cost the company nearly $5 billion in May. FedEx reported $14.7 billion in sales andRead More