Finance

Oil prices rise as falling United States inventories stoke rebalancing hopes

Oil prices rise as falling United States inventories stoke rebalancing hopes Platts is reporting that the U.S. Treasury Department is crafting sanctions which would prohibit the import of Venezuelan crude oil into the USA, one of several sanctions options the White House is considering in response to an expected voteSunday in Venezuela, an administration source said Tuesday. [Full Article...]

Elon Musk Shows Off The Boring Company Car Elevator

Elon Musk Shows Off The Boring Company Car Elevator Silicon Valley baron Elon Musk insulted rival billionaire Mark Zuckerberg on Tuesday, escalating a tech wizard war of words over whether robots will become smart enough to kill their human creators. "It's important to keep in context how good these systems are, and actually how bad they are too, and how long we have to go until these systems actually pose that kind of a threat", she said, ref... [Full Article...]

Inflation rate cools in June quarter

Inflation rate cools in June quarter The New Zealand dollar gained against the Aussie after Australian second-quarter inflation was more muted than expected and Reserve Bank governor Philip Lowe talked down the possibility of imminent rate hikes. Dr Lowe said while a pick-up in wages would be positive for the economy, it would be best driven by increased productivity and high-skill jobs, rather than cutting rates. [Full Article...]

Oil Tankers Association goes on countrywide strike

Oil Tankers Association goes on countrywide strike The report exposed that a fake fitness certificate of the oil tanker was used by the company, and the tragedy could have been averted had the tanker been examined before departure. The tanker owners were protesting police corruption and a government move to improve safety following a fuel tanker disaster last month, when a tanker explosion killed more than 200 people in one of the worst accidents ... [Full Article...]

Coca-Cola Company (The) (KO) Stock Rating Upgraded by Zacks Investment Research

Coca-Cola Company (The) (KO) Stock Rating Upgraded by Zacks Investment Research Going back to the start of the calendar year, company shares are 34.40%. On Wednesday, June 14 Perez Beatriz R sold $1.32M worth of The Coca-Cola Co (NYSE:KO) or 29,282 shares. This represents a $1.48 annualized dividend and a yield of 3.27%. In related news, insider Irial Finan sold 354,146 shares of the stock in a transaction on Wednesday, May 24th. [Full Article...]

Industry reacts to Government plans to ban leaseholds on new builds

Industry reacts to Government plans to ban leaseholds on new builds Leasehold new-build houses would be banned, except for in "exceptional circumstances". The initiative, believe to be scheduled for formal announcement today, comes after scandals involving some housebuilders and the doubling of some ground rents every 10 years. [Full Article...]

ITV reports slump in advertising

ITV reports slump in advertising ITV has seen its advertising revenues fall by 8% as Brexit concerns hit the United Kingdom commercial broadcaster, but production income has risen. This was offset by a 7 per cent rise in revenue at ITV Studios to £697 million, boosted by the weak pound and new dramas such as Unforgotten and Little Boy Blue and entertainment programmes such as Love Island and The Voice . [Full Article...]

United Kingdom economy expanded by 0.3% in second quarter of 2017

United Kingdom economy expanded by 0.3% in second quarter of 2017 That, however, was largely offset by a sharp decline in construction and manufacturing, which suffered a slowdown after two consecutive quarters of growth. The scale of damage, most say, will depend on the nature of future trade arrangements with the European Union, which is the UK's biggest trade partner. [Full Article...]

Baadshaho: Sunny Leone, Emraan Hashmi raise excitment in new song

Baadshaho: Sunny Leone, Emraan Hashmi raise excitment in new song The only saving grace here, is Sunny Leone , because of the sheer screen presence and conviction that she brings to a song. 'Piya More' , the new song from Milan Luthria's upcoming period film Baadshaho , is everything that the first song, ' Mere Rashke Kamar ' was not. [Full Article...]

United States Steel Corporation (NYSE:X) Releases FY17 Earnings Guidance

United States Steel Corporation (NYSE:X) Releases FY17 Earnings Guidance The recent price momentum makes it one stock to watch in recent days. United States Steel Corporation's quarterly revenue was up 16.4% on a year-over-year basis. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink . Also, Director Paul Anthony Mascarenas acquired 1,500 shares of the company's stock in a transaction date... [Full Article...]

United Kingdom to swicth to an all electric auto vehicles regime by 2040

United Kingdom to swicth to an all electric auto vehicles regime by 2040 It's estimated poor air quality costs the United Kingdom £2.7 billion every year in lost productivity, while a 2016 study by the Royal College of Physicians and the Royal College of Paediatrics and Child Health found 40,000 early deaths in the United Kingdom are due to air pollution annually. [Full Article...]

Trump's about turn on Yellen

Trump's about turn on Yellen Unemployment has moved steadily downward since the start of 2017 to a very low 4.4 per cent, but wage gains have remained sluggish and price pressures have actually retreated in the first half of the year, leaving economists dumbfounded. India's Sensex added 0.1 percent to 32,261.85. "As no hike is expected in September, December is a long time from now so investors will still be in show me mode... [Full Article...]

Girl Scouts add 23 STEM badges

Girl Scouts add 23 STEM badges Oh, nothing to special, just 23 badges that focus on promoting girls in science, technology, engineering, and mathematics! In May, Acevedo - an entrepreneur and advocate for STEM education for girls - took over as permanent CEO of the Girl Scouts. [Full Article...]

Volkswagen Executive to Plead Guilty in Diesel Emissions Case

Volkswagen Executive to Plead Guilty in Diesel Emissions Case Oliver Schmidt, who was chief of Volkswagen's environmental and engineering center in MI, has been held since January when he was arrested trying to return to Germany. Both his attorney, David DuMouchel, and a spokeswoman for the United States attorney for the Eastern District of MI declined to comment. Volkswagen spokeswoman Jeannine Ginivan claimed that the brand "continues to cooperate with inv... [Full Article...]

Blue Cross Blue Shield of Massachusetts Statement on Senate Health Care Vote

Blue Cross Blue Shield of Massachusetts Statement on Senate Health Care Vote Evans Jr., PhD, said in a letter to Senate leaders Mitch McConnell , R-Ky., and Charles Schumer, D-N.Y. While the vote isn't for final passage, and only would allow the Senate to proceed to debate on the legislation, the results are critical to GOP efforts to pass health care legislation. [Full Article...]

Chipotle Mexican Grill, Inc. (CMG) Downgraded by Wedbush to Market Perform

Chipotle Mexican Grill, Inc. (CMG) Downgraded by Wedbush to Market Perform About 1.22M shares traded. About 1.56M shares traded. It has underperformed by 12.19% the S&P500. Chipotle Mexican Grill's revenue for the quarter was up 28.1% compared to the same quarter a year ago. owns 686 shares worth $285,000. Five equity analysts rating the company a strong buy, seven equity analysts rating the company a buy, eighteen equity analysts rating the company a hold, four equity... [Full Article...]

Existing-home sales fall in June as prices soar to fresh record

Existing-home sales fall in June as prices soar to fresh record In June, the only region to notch an increase was the Midwest, where sales were up 3.1%. Despite solid demand in a relatively healthy economy for houses, sales listings have been steadily declining for more than two years. The report cited mortgage lender Freddie Mac , which said the lender's average commitment rate for a 30-year, fixed-rate mortgage declined for the third consecutive month. [Full Article...]

AT&T Q2: Prepaid boosts phone subscribers; slowing postpaid declines

AT&T Q2: Prepaid boosts phone subscribers; slowing postpaid declines The company lost 156,000 satellite subscribers and another 195,000 subscribers of the video U-verse service. AT&T bought DirecTV in 2015 and wants the owner of the CNN, TBS and HBO networks and a movie studio so that it can expand beyond its traditional business lines as the wireless phone industry becomes more competitive. [Full Article...]

Petronas aborts US$27b Canada LNG project, blames prolonged oil price slump

Petronas aborts US$27b Canada LNG project, blames prolonged oil price slump Pacific NorthWest LNG was meant to produce 12 megatonnes per year and spur further development of British Columbia's Montney natural gas play in the northeast of the province, Canada's largest shale play. NDP government - which previously opposed building the plant on Lelu Island, located near a salmon run important to local First Nations - wasn't a factor in the decision. [Full Article...]

Apple CEO Promised to Build 3 'Big' Plants in US, Trump Says

Apple CEO Promised to Build 3 'Big' Plants in US, Trump Says Apple declined to comment to the Wall Street Journal . Without details about the natue of Apple's three-plant plan, it's hard to interpret what President Trump was trying to convey in the WSJ interview. Apple is unlikely to move a large part of its manufacturing to the United States, regardless of what Trump says. Apple says that including its own 80,000 US based employees, it supports 2 mil... [Full Article...]


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