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Newspaper
Lawrence Journal World
Location
Lawrence, Kansas, United States of America
Date
Mar 01, 2017
Page
10
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Pandora Media shares slide to month’s low as Liberty Media signals interest but questions price. The move follows Liberty’s expressed doubt about Pandora valuation, while Citigroup eyes Saudi banking license amid reforms and foreign bank appeal.
Walmart Stores is testing scan and go technology letting customers pay with smartphones. The move follows Amazon's similar plan announced in December. Shares retreat from a 2017 high as market trends show ongoing volatility.
The CBOE Volatility Index measures expected market volatility derived from S P 500 index options pricing. The S P 500 price to earnings ratio uses trailing twelve month operating earnings as the basis for valuation.
The Commerce Department reports U S gross domestic product rose at a 1.9 percent annual pace in the fourth quarter and 2016 growth slowed to 1.6 percent. Consumer spending rose 3 percent while business investment and state local government spending lagged. Housing starts rose 9.6 percent and exports fell 4 percent as a drag.
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