Cramer explains the Apple-led sell-off and what could stop the declines

November 12, 2018@5:12 PM TFP Editor 0

Stocks will only recover from Monday’s dramatic sell-off if seven key things happen to brighten the outlook for the broader market, CNBC’s Jim Cramer said as the major averages pulled back. “The thinking behind today’s action is surprisingly simple: money managers are buying the winners and selling the losers,” he said on “Mad Money.” “Unfortunately, there are a heck of a lot more losers than winners, and I want to put that into context because […]

Apple shares drop over signs of iPhone slowdown 

November 12, 2018@5:09 PM TFP Editor 0

Apple chief executive Tim Cook poses for a photograph – AFP More Apple’s share price plummeted amid concern that the technology giant is cancelling production on its iPhones amid a sales slowdown.  Share prices dropped 5pc while  major Apple suppliers also experience a slump on Monday. One Apple supplier, Lumentum Holdings, trimmed its second quarter outlook on Monday and warned that one of its largest customers had asked to “materially reduce shipments” for previously placed orders. […]

EU auditors struggle to track use of Turkey refugee money

November 12, 2018@5:05 PM TFP Editor 0

BRUSSELS – European Union auditors on Tuesday said that Turkish officials refused to provide information that would help establish whether 1.1 billion euros ($1.2 billion) in EU refugee aid money is being properly spent. The auditors said in a new report that Turkey’s family and social policies ministry declined access to the names, ID numbers and addresses of people who benefited from two EU cash-assistance projects. The projects include a system whereby refugees can withdraw […]

Roan Resources, Inc. Reports Third Quarter 2018 Results

November 12, 2018@4:49 PM TFP Editor 0

OKLAHOMA CITY–(BUSINESS WIRE)–Roan Resources, Inc. (NYSE: ROAN) (“Roan” or the “Company”) today announced third quarter 2018 operating and financial results. Third Quarter 2018 Highlights Reorganization process closed to form publicly traded Roan Resources, Inc. Roan uplisted to the New York Stock Exchange on November 9, 2018 Total production increased 30% to 46.5 MBoe/d and liquids production increased 35%, quarter-over-quarter 27 gross operated wells were drilled with the addition of the eighth rig and 26 gross […]