Finance

Cisco Systems, Inc. (CSCO) Position Raised by Investment House LLC

It has underperformed by 22.19% the S&P500. Coldstream Capital Management Inc decreased Cisco Sys Inc ( CSCO ) stake by 30.83% reported in 2016Q4 SEC filing. Hedge funds and other institutional investors have recently made changes to their positions in the stock. Cambridge Tru has 0.8% invested in Cisco Systems, Inc. [Full Article...]

U.S. senator urges Trump to tap fuel, oil reserves in Harvey's wake

U.S. senator urges Trump to tap fuel, oil reserves in Harvey's wake The U.S. Energy Information Administration report on oil inventories is due on Wednesday at 10:30 a.m. EDT. Harvey sidelined about half of the regional refining capacity because of historic flooding. U.S. weather services downgraded Harvey to a tropical storm on Saturday. but torrential rains have continued to drown the area and are expected to continue for most of the week. [Full Article...]

Residents in standing water at Texas nursing home with limited food, medication

Residents in standing water at Texas nursing home with limited food, medication The brunt of the storm's impact has begun to shift to western Louisiana and, now, for Harris County, "the biggest challenge is going to get people back in their homes", Emmett said. CT in anticipation of additional rain that morning. Authorities and family members have reported at least 18 deaths from Harvey, while law enforcement agencies say more than 13,000 people have been rescued in the Houst... [Full Article...]

Exxon Mobil increases Hurricane Harvey relief support to $1 million

Exxon Mobil increases Hurricane Harvey relief support to $1 million Exxon said a roof at the facility in Baytown "partially sank" because of heavy rain. Exxon closed its Baytown refinery, located on the Houston Ship Channel-the second-largest refinery in the country, processing as much as 560,000 barrels. [Full Article...]

Hurricane Harvey forces residents near chemical plant to evacuate over explosion risk

Hurricane Harvey forces residents near chemical plant to evacuate over explosion risk Late Monday night, the facility lost power from both its primary supply and its backup generators. He expects it to happen some time in the next six days, as the chemicals produced at the plant, which are typically refrigerated, rise in temperature. [Full Article...]

Comcast Corporation (CMCSA) Shares Bought by Deltec Asset Management LLC

Comcast Corporation (CMCSA) Shares Bought by Deltec Asset Management LLC Shares have risen 6.84% over the trailing 6 months. Guggenheim upgraded shares of Comcast Corporation from a "neutral" rating to a "buy" rating and upped their target price for the stock from $42.00 to $46.00 in a research report on Thursday, August 3rd. [Full Article...]

Gasoline jumps 4%, oil mixed as storm hits more refineries

Gasoline jumps 4%, oil mixed as storm hits more refineries The market continues to react to the storm by selling crude . Petrol margins climbed, as the petrol crack spread jumped 12.5 percent to $23.45 a barrel, the highest on a seasonal basis since 2012. WTI crude oil prices were down 0.8 percent in early Monday trading to under $48/bbl. "US gasoline prices increased by 3% at $1.8380 per gallon, the most since 31 July 2015". [Full Article...]

Almost a half million pacemakers could get hacked

Almost a half million pacemakers could get hacked To view the full article, register now. The agency said there are 465,000 impacted devices in the US, but noted the update does not require prophylactic removal and replacement. Patients must visit their doctors to get the updates, which should take about three minutes. During this time, the device will operate in backup mode. [Full Article...]

Best Buy Sorry for Price Gouging Water During Hurricane Harvey

Best Buy Sorry for Price Gouging Water During Hurricane Harvey CBS News reports there have been complaints of other price gouging in the Houston area. "We feel bad about this because, as a company, we are focused on helping, not hurting people affected by this awful event", the company said. The company was accused of price gouging in the wake of Hurricane Harvey and was quickly ridiculed on social media when the photo was posted. The state attorney gene... [Full Article...]

Summit Midstream Partners, LP C (NYSE:SMLP) Sees Significantly Lower Trading Volume

Summit Midstream Partners, LP C (NYSE:SMLP) Sees Significantly Lower Trading Volume Robbins increased its stake in Avnet Inc (AVT) by 20.96% based on its latest 2016Q4 regulatory filing with the SEC. Finally, Stifel Financial Corp boosted its position in shares of Shell Midstream Partners, L.P.by 29.1% in the first quarter. [Full Article...]

MA: Gas Prices Up 2 Cents this Week, Future Stability Uncertain

MA: Gas Prices Up 2 Cents this Week, Future Stability Uncertain Those prices are expected to go back down once Hurricane Harvey subsides. Tropical Storm Harvey is knocking even more Gulf Coast refineries offline, raising the risk of higher gasoline prices in the coming days. Sustained price increases are not anticipated after the refineries return to operation, she said. A spokesperson for AAA Carolinas said since several oil and gas refineries along the... [Full Article...]

U.S. economy grows 3pc in Q2

U.S. economy grows 3pc in Q2 With more data available, the increase in second-quarter GDP reflected bigger contributions from personal spending, investment, exports, federal expenditure and private inventory investment, according to the BEA data. Chances are slim that the Republican-controlled U.S. Congress will debate and pass tax reform legislation before the end of the year. "Trump said. "'Not well, not well.' Why? The g... [Full Article...]

Google's voice assistant is coming to more speakers

Google's voice assistant is coming to more speakers Anker is also behind the Alexa-enabled Eufy Genie , which retails for under $35. The AI voice service is already available on Google Home but is also arriving at Zolo Mojo by Anker, Mobvois TicHome Mini and the GA10 by Panasonic . The idea of controlling appliances with a voice assistant isn't new, but it's starting to become more popular. This is not a portable speaker as far as I know, ... [Full Article...]

FDA approves gene-therapy leukemia treatment

FDA approves gene-therapy leukemia treatment But advocacy groups are afraid the historic new drug may turn out to be the most expensive ever sold in the U.S. Known as CAR-T therapy, the Novartis treatment is the first of several such drugs under development or review. Once the cells are modified, they are infused back into the patient to kill the cancer cells. The countrys first approved gene therapy — approved Wednesday to fight leu... [Full Article...]

President Trump declares state of emergency for Louisiana

President Trump declares state of emergency for Louisiana US President Donald Trump declared today (Monday) a state of emergency for Louisiana due to the heavy damage caused by Tropical Storm Harvey , which led to the deaths of five people. Trump is traveling to Texas on Tuesday, and said he may return to the area on Saturday. Louisiana lawmakers, including Gov. John Bel Edwards, teamed up to successfully push for more federal aid to help with rec... [Full Article...]

House prices affected by uncertainty

House prices affected by uncertainty House price growth was 2.1 per cent in August, compared to 2.9 per cent in July, according to the latest Nationwide house price index . United Kingdom house prices fell slightly this month in a further sign that the property market is cooling down as affordability is becoming an issue, especially for Britons in the South of England. [Full Article...]

Harvey Will Test New Property Insurance Law in Texas

House Bill 1774 reduces the penalty interest rates insurers have to pay if they are late in paying weather-related claims, report the Texas Tribune , Click2Houston, Community Impact Newspapers and the Dallas Morning News . She said the new law protects homeowners even further by reducing unnecessary lawsuits that increase homeowners' insurance premiums. The author of HB 1774 , Sen. [Full Article...]

API Reports 5.8 Million Barrel Inventory Draw, WTI Oil Price Little Changed

API Reports 5.8 Million Barrel Inventory Draw, WTI Oil Price Little Changed Marketmen attributed the rise in crude oil futures to a firming trend in global markets after monster storm Harvey slammed into a key United States oil-producing region disrupting output amid the devastation, but crude stocks are high enough that the impact on the industry should be short-lived. [Full Article...]

Most Harvey flood victims on hook to pay for home repairs

Most Harvey flood victims on hook to pay for home repairs The costliest storm to ever hit Texas was the last hurricane to make landfall, Hurricane Ike on September 13, 2008, near Galveston. But preliminary estimates place total losses - both insured and those that aren't covered - at somewhere between $30 billion and more than $100 billion. [Full Article...]

When should we expect 'Game of Thrones' season 8 to begin?

The " Game of Thrones " season 7 finale landed, and despite it marking the end of another season, it also signaled the beginning of the Great War. Sadly, fans will have to wait until the eighth and final season of the HBO hit to find out how it all shakes out in the end. [Full Article...]


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