Business

Business What's Ahead for Oil ETFs, OPEC
Author: 0 What's Ahead for Oil ETFs, OPEC

US oil producers exported a record 1.3 million barrels of oil a day in May, according to the Houston Chronicle. Not surprisingly, West Texas Intermediate crude prices on the New York Mercantile Exchange CLN7, +0.28% dropped to their lowest levels in a month .

Business Stranger Things Season 2: All the latest spoilers to remember!
Author: 0 Stranger Things Season 2: All the latest spoilers to remember!

Perhaps the new season could lean more heavily into the scientist/bad guy aspect, and have human organizations truly being a force of evil from here on out. Stranger Things' initial season was met with near universal critical acclaim , was nominated for a Golden Globe for best drama series and earned the entire cast a Screen Actors Guild award .

Author: 0 A sense of OPEC divisions a blow to oil prices

The U.S. Energy Information Administration releases official figures midway through the morning session and the results may offset some of the geopolitical factors at play in early trading. As the de facto leader and largest producer of OPEC , Saudi Arabia has cut its production the most of any member of the bloc. OPEC and other producers including Russian Federation have pledged to cut output by about 1.8 million barrels per day (bpd).

Business Valeant Pharmaceuticals: Bigger is Better
Author: 0 Valeant Pharmaceuticals: Bigger is Better

Traditionally, and according to Wilder, RSI is considered overbought when above 70 and oversold when below 30. Valeant Pharmaceuticals Intl now has an average rating of Hold and a consensus target price of $18.01. At recent session, the prices were hovering between $12.1 and $12.65. The stock's current distance from 20-Day Simple Moving Average (SMA20) is -6.46% where SMA50 and SMA200 are 10.12% and -27.48% respectively.

Business 'Pink Slime' trial: After ABC, people thought BPI wasn't beef
Author: 0 'Pink Slime' trial: After ABC, people thought BPI wasn't beef

BPI says its product helped lower the fat content of ground beef, but after ABC aired critical stories it had to close three of the four BPI plants in the Midwest and layoff 700 workers. In 2014, Tyson began collecting its raw beef trimmings and shipping them for sale to a Beef Products facility in Nebraska. Comeback: "It's Not "Pink Slime"; It's Safe, Nutritious and 'It's Beef'".

Business Shell's Forcados Oil Terminal Restart Lifts Nigeria Export
Author: 0 Shell's Forcados Oil Terminal Restart Lifts Nigeria Export

Shell's Forcados oil export terminal in Nigeria has begun operating after a prolonged force majeure of over a year following a string of militant attacks. However on Wednesday, traders said Shell increased this volume by 252,000 bpd to 1.8 million bpd. The grade pumped an average of about 200,000 bpd in 2015, before the militancy escalated.

Author: 0 Lawmakers wrangle over budget ahead of Thursday session end

This shows that to take back the House, it will not be enough to simply use this AHCA vote as a weapon against Republicans during the campaign. The Senate's job is harder because unlike the House, the Senate can not vote on a bill until the Congressional Budget Office scores it.

Author: 0 Israel mocks global community with ongoing settlements expansion, says Ashrawi

A new initiative supporting Israeli victory and Palestinian defeat, dubbed the "Israel Victory Project", was launched on Wednesday during a conference at Hebrew University of Jerusalem. Abbas's spokesman called Netanyahu's statements a "challenge" to Trump and the worldwide community. "That said, the situation on the ground still allows for the creation of a two-state solution physically to happen".

Business European Central Bank sticks with economic stimulus
Author: 0 European Central Bank sticks with economic stimulus

The European Central Bank on Thursday removed any reference to future interest rate cuts from its policy statement thanks to an improving economic outlook for the region. The bank left its bond purchase stimulus program unchanged at 60 billion euros ($67 billion) per month through at least the end of the year and longer if necessary.

Author: 0 Brokers Issue New Targets On Himax Technologies, Inc. (NASDAQ:HIMX)

Himax Technologies, Inc. ( HIMX ) is a part of Technology sector and belongs to Semiconductor - Specialized industry. Himax Technologies has an average rating of Hold and a consensus target price of $8.86. The semiconductor company reported $0.01 earnings per share for the quarter, missing the Thomson Reuters' consensus estimate of $0.02 by $0.01. As earning per share serves as an indicator for company's profitability, analyst have given their estimate trends for the next year with quarterly ...

Author: 0 Century Aluminum Company (NASDAQ:CENX) Quarterly EPS Analysis

It has outperformed by 33.83% the S&P500. News Corporation is a global diversified media and information services firm focused on creating and distributing content to clients and businesses throughout the world. Dimensional Fund Advsrs Lp holds 7.36 million shares or 0.03% of its portfolio. Receive News & Ratings for Century Aluminum Co Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Century Aluminum Co and related ...

Business Vail Resorts blasts Trump decision on Paris Agreement
Author: 0 Vail Resorts blasts Trump decision on Paris Agreement

When the New York Times asked him about the issue in November Trump acknowledged "some connectivity" between human activity and climate change but didn't really specify what that meant. In Paris yesterday, Indian Prime Minister Narendra Modi vowed after meeting French President Emmanuel Macron to go "above and beyond" the Paris accord to fight climate change.

Business IOS 11 Can Automatically Delete Unused Apps To Save Space
Author: 0 IOS 11 Can Automatically Delete Unused Apps To Save Space

It's unknown whether or not this was simply unintended or a new feature but thankfully iOS 11 is now in developer mode and won't be released to the public until sometime this fall. iOS 11 features AirPlay 2 . That means you can play music on certain speakers in the home right from within Apple Music . It will be the first model in three years to feature a new design, but the changes we see on this year's flagship iPhone will hardly be cosmetic.

Business Connecticut House Approves Third Casino
Author: 0 Connecticut House Approves Third Casino

The House of Representatives is debating legislation that could ultimately lead to tolls on Connecticut's highways. The state's two federally recognized tribes - the Mohegans and the Mashantucket Pequots - are running one casino each. "I know it's a tough decision", Candelaria said, "but if we do nothing we will continue to subsidize the drug dealers of our state". House Bill 6948 increases from 18 to 24 the maximum number of authorized OTB facilities in the state.

Business European Central Bank holds key rates, sees no further cuts
Author: 0 European Central Bank holds key rates, sees no further cuts

The dollar stayed near its seven-month low against a basket of currencies as doubts over Trump's ability to push through his stimulus plans have eroded the greenback's gains made late past year. USDJPY tested into 110.00 resistance overnight as bond yields have bounced back a bit and as the Japanese economy grew less than expected in the first quarter, at +0.3% quarter-on-quarter, but a meagre -0.3% in nominal turns.

Author: 0 ECB president sees inflation still subdued

Draghi is also expected to declare risks to growth "balanced", giving up a long-established more pessimistic stance, a move that is seen as a nuanced but definite step towards policy normalization after years of stimulus. The rate is the highest in two years and backs up a raft of indicators showing that the recovery has picked up momentum. The bank has revised up its growth forecast for this year, predicting that European GDP will increase by 1.9% in 2017, and then by 1.8% the following ...

Business Saracens & Clermont to face Champions Cup rematch
Author: 0 Saracens & Clermont to face Champions Cup rematch

They will face Montpellier, Glasgow Warriors and three-time winners Leinster in Pool 3 . Pool 1 is comprised of Wasps, La Rochelle, Harlequins and Ulster , while Scarlets, Toulon, Bath and Bennetton Treviso were drawn in Pool 5 . Pro12 champions Scarlets are grouped with Toulon, Bath and Benetton Treviso. Leinster , Munster and Ulster discovered the make-up of their 2017/18 Champions Cup pools this afternoon.

Business ISRO successfully launches GSLV Mark III carrying GSAT-19 communication satellite
Author: 0 ISRO successfully launches GSLV Mark III carrying GSAT-19 communication satellite

It is also the country's shortest rocket with a height of 43 metre, roughly as high as a 13-storey building. The countdown is progressing smoothly for the maiden launch of India's new heavy-duty GSLV-Mk III rocket scheduled for Monday evening, carrying a three-tonne communications satellite, and the scientists are excited, said a top ISRO official.

Business Alibaba CFO says expects revenue growth of 45-49 percent in FY2018
Author: 0 Alibaba CFO says expects revenue growth of 45-49 percent in FY2018

Alibaba Chief Financial Officer Maggie Wu said overnight at the company's investor day that fiscal 2018 revenue is expected to rise 45% to 49% over 2017 results, while the FactSet consensus implies growth 37%. Cloud computing services in particular now account for about 5 per cent of overall sales. It cited expectations for growing sales volumes on its online marketplaces and, even more strongly, surging demand by merchants for its digital ad space.

Business How to Download and Install the New iOS 11 (Beta)
Author: 0 How to Download and Install the New iOS 11 (Beta)

According to Apple , the new 10.5-inch model reduces the borders by almost 40 percent to fit into an incredibly compact package that still weighs just one pound. If you're an iPhone user, you likely haven't had much experience with Near Field Communications. Now whenever you start drawing anything from Apple Pencil in any app, the text surrounding it (if any ) will adjust automatically to fall inline with the drawing.

Author: 0 Former FBI director Comey testifying before Senate committee

Senate as nation watchesComey disputed the Trump administration's justification for his firing , declaring the administration "defamed him and more importantly the Federal Bureau of Investigation", as he opened his much anticipated first public telling of his relationship with Trump.

Author: 0 Are Analysts Bullish Realty Income Corp (NYSE:O) After Last Week?

Harber Asset Management Llc sold 82,854 shares as Shoretel Inc (SHOR)'s stock declined 11.68%. Asset One Commerce accumulated 1.81M shares. The move comes after 9 months positive chart setup for the $8.18B company. Kimco Realty Corp's dividend payout ratio (DPR) is presently 135.00%. During the past six months, Kilroy Realty Corporation (NYSE:KRC)'s stock has been 3.81% and 21.59% for the last 12 months.

Author: 0 Vipshop Holdings Limited (VIPS) closed its previous trading session at $13.34

Finally, Stifel Nicolaus boosted their price objective on Vipshop Holdings Ltd - from $17.00 to $18.00 and gave the company a "buy" rating in a research note on Tuesday, May 16th. On average, equities analysts anticipate that Vipshop Holdings Ltd - will post $0.84 earnings per share for the current fiscal year. COPYRIGHT VIOLATION WARNING: This report was originally published by Stock Observer and is the property of of Stock Observer.

Author: 0 Former FBI Director Comey Testifies About Russia Investigation

But he has also suggested he does not believe it, saying Russian Federation is a "ruse" and calling the investigation into the matter a "witch hunt". As James Comey , the former director of the Federal Bureau of Investigation, testifies to the Senate Intelligence Committee , millions of people around the world are expected to tune in.

Business UK Election Arrives After May Sees Lead Over Corbyn Shrink
Author: 0 UK Election Arrives After May Sees Lead Over Corbyn Shrink

The exit polls released Thursday evening should be more accurate. There has been a wide split in polling ahead of Thursday's vote - some surveys showing May only 1-3 points ahead while others give her an 8-10 point margin. But the campaign did not go to plan. May's tightly controlled campaign style, which saw her speaking largely to hand-picked groups of supporters, began to grate.

Author: 0 French President Emmanuel Macron urges Gulf heads to defuse crisis

Referring to tweets from US President Donald Trump on Tuesday about the diplomatic crisis, HE Sheikh Mohamed said that during Trump's recent visit to the region, he and HH the Emir Sheikh Tamim bin Hamad al-Thani discussed the issue "that the funding of terrorism needs to be stopped by various countries".

Author: 0 Apple announces its 'most powerful' Mac yet: the iMac Pro

Like the rest of the freshly updated Mac lineup, the MacBook 2017 sees the introduction of 7th generation Intel Kaby Lake processors . Fusion Drive is now standard on all 27-inch configurations and the top-end 21.5-inch iMac . Most certainly not! Rumor has it that Apple has new hardware to announce at the show, and the opening keynote would be the ideal time for the unveiling to be made.

Author: 0 Ex-FBI director Comey hearing: 5 things to watch

National television networks are breaking into regular programing to cover the blockbuster hearing. While Comey is anxious to recount his version of his conversations with the President, he also appears likely to sidestep questions about how he felt about Trump's comment - for instance, whether he felt pressured to drop the investigation or whether he thought they amounted to obstruction, another source said.

Author: 0 European Central Bank keeps stimulus in place

The Dow Jones Industrial Average rose 18.41 points, or 0.09 percent, to 21,154.64, the S&P 500 gained 2.44 points, or 0.10 percent, to 2,431.77 and the Nasdaq Composite added 21.12 points, or 0.34 percent, to 6,296.17. Volatile food and energy prices are to blame for such rapid changes, policymakers say, while "core", or underlying inflation discounting those elements, remains sluggish.

Author: 0 European Central Bank keeps stimulus in place

It also affirmed that its asset buys, which have been cut by a quarter to 60 billion euros a month from April, could be increased or extended if the outlook for the euro zone becomes less favourable. Eurostat said the 19-country euro zone expanded by 0.6 percent quarter-on-quarter and by 1.9 percent year-on-year. That would barely rise to 1.6 per cent in 2019, down from an earlier estimate of 1.7 per cent and further away from its official target of at or close to 2 per cent.

Author: 0 What Do Analysts Suggest For Rite Aid Corporation (RAD)

Ppl Corp Com now has $26.63B valuation. The stock declined 0.88% or $0.03 reaching $3.38 on the news. Check Point Software Technologies Ltd. (NASDAQ:CHKP) has risen 31.64% since June 8, 2016 and is uptrending. Amp Capital Limited owns 531,170 shares for 0.03% of their portfolio. British Columbia - Canada-based Pacad Investment Limited has invested 0.08% in Rite Aid Corporation (NYSE:RAD).

Author: 0 Rain helps Pakistan edge Proteas in Champions Trophy

The quality of the bowling was exceptional to such an extent that even though Miller top scored for his team, this was his slowest fifty in ODIs (50 off 83 balls). A win for Pakistan seemed fanciful at the start of the day but, having brought in Junaid Khan and Fakhar Zaman, they came out with plenty of objective in bright and breezy conditions.

Author: 0 Here's how analysts see Experian plc (LON:EXPN) after this past week

IMMR's SI was 1.58 million shares in May as released by FINRA. Abingworth Llp owns 337,825 shares or 0.81% of their United States portfolio. 09/26/2016 - Lloyds Banking Group Plc was downgraded to "sell" by analysts at Goldman Sachs. Numis Securities maintained RPS Group plc (LON:RPS) on Thursday, July 30 with "Buy" rating. JP Morgan maintained the shares of LGEN in report on Tuesday, March 21 with "Underweight" rating.

Author: 0 ICC Champions Trophy: Hardik Pandya can become India great - Virat Kohli

Matthews was injured for the South Africa match but is fit to face India at the Oval. The only worry is the fickle London weather, with forecasts of 40 percent chance of heavy rainfall. Pandya has emerged as one of India's most promising talents since making his debut previous year and Kohli sees signs of his young prodigy is ready to take his development to the next level.

Business Oil slumps as USA stockpile increase stirs oversupply concerns
Author: 0 Oil slumps as USA stockpile increase stirs oversupply concerns

American benchmark West Texas Intermediate (WTI) lost 5 percent to reach as low as $45.78 per barrel - its lowest level since May 8. Traders said an ongoing fuel glut was keeping prices under pressure despite a pledge by Organization of the Petroleum Exporting Countries ( OPEC ) and other producers to cut nearly 1.8 million barrels per day (bpd) of output.

Business Third London Bridge attacker named
Author: 0 Third London Bridge attacker named

Italian police followed the correct procedures in flagging one of the London attackers to their British counterparts, Italy's senior policeman said on Wednesday, but he understands why the warning went unheeded. Butt had appeared in a documentary " The Jihadis Next Door " and was known to investigators but police said he was not believed to be plotting an attack.

Business Trump Announces Latest Round of Federal Judge Nominations
Author: 0 Trump Announces Latest Round of Federal Judge Nominations

Among the 11 nominees and intended choices is Colorado Supreme Court Justice Allison H. Eid, who was named to fill the seat on the Tenth Circuit in Denver left open when Justice Neil Gorsuch was confirmed to the U.S. Circuit Court of Appeals. Bibas directs the university's Supreme Court Clinic, which is "one of the nation's leading experts in criminal law and procedure".

Business More curbs on Qatar possible in Gulf crisis, says UAE official
Author: 0 More curbs on Qatar possible in Gulf crisis, says UAE official

A top Emirati diplomat has called U.S. President Donald Trump's tweets on Qatar "very courageous and extraordinary". Arab states could impose an embargo on Qatar if it does not change course regarding its support of "extremism" and "destructive policies" in the region, United Arab Emirates Minister of State for Foreign Affairs Anwar Gargash said on Wednesday.

Author: 0 Are Analysts Bullish Freeport-McMoRan Inc (NYSE:FCX) After Last Week?

Freeport now has $17.27B valuation. Since February 1, 2017, it had 0 buys, and 4 sales for $2.34 million activity. About 8.79M shares traded. Finally, Leavell Investment Management Inc. The rating was initiated by Goldman Sachs on Thursday, May 19 with "Neutral". D E Shaw & invested 0.02% in Freeport-McMoRan Inc (NYSE:FCX). The company was maintained on Monday, May 2 by Deutsche Bank.

Author: 0 The FDO Partners LLC Buys 70558 Shares of Range Resources Corp. (RRC)

It is down 36.05% since June 8, 2016 and is downtrending. It has underperformed by 52.75% the S&P500. Finally, Compagnie Lombard Odier SCmA increased its position in shares of Range Resources Corp.by 19.4% in the third quarter. $1.07M worth of Antero Resources Corp (NYSE:AR) shares were sold by Schopp Alvyn A . Yoo K. Phil also sold $50,000 worth of Antero Resources Corp (NYSE:AR) shares.

Business London Bridge attack: CCTV shows fatal clash with police
Author: 0 London Bridge attack: CCTV shows fatal clash with police

The attackers first drove a rented van into a crowd and then jumped out and randomly stabbed people they encountered. Two men were arrested by police "supported by firearms officers" on a street in Ilford in east London , the Metropolitan Police said in a statement.

Business Pandora extends closing of KKR's investment to explore rival offers
Author: 0 Pandora extends closing of KKR's investment to explore rival offers

Pandora had been under a time crunch ever since it negotiated the KKR investment a month ago; the terms of that agreement gave the company 30 days to instead find an acquirer . Pandora Media lost 1% in early trading Thursday after it said it had received interest from an unidentified strategic investor to take a minority stake in the music application.

Business Pound faces another bout of volatility with UK election
Author: 0 Pound faces another bout of volatility with UK election

But recent polls predicting outcomes ranging from a majority for the Conservatives to a "hung" parliament have seen the pound slip from the $1.30 mark it hit last month. "We see the prospects of a softer Brexit and fiscal stimulus outweighing the impact of policies such as rises to corporation tax rates", he says. Bookmakers' odds stand somewhere in between but still bet overwhelmingly on the Conservatives forming the next government.

Author: 0 Ariana Grande releases Somewhere Over the Rainbow as charity single

PLEASE record and release Somewhere Over The Rainbow as a charity single. Phil Andrews tweeted: @ArianaGrande please release somewhere over the rainbow as a charity single for Manchester so so fitting #OneLoveManchester'. This was an important day for him and for myself as a proud father. "Thinking of our angels every step of the way", she wrote. 'And then she told me Olivia would have wanted to hear the hits.

Author: 0 Oil Prices Nosedive After Massive US Crude Inventory Build

The agency cut its 2018 forecast for West Texas Intermediate crude, the USA benchmark, by 2.7 percent from May. August Brent crude oil closed at $48.16, down 1.96 or -3.91% and July WTI crude oil settled at $45.78, down 2.41 or -5.00%.

Business Banco Santander Buys Banco Popular For A Buck
Author: 0 Banco Santander Buys Banco Popular For A Buck

With an impeccable resume that featured Banco Santander SA and Goldman Sachs Group Inc . The forced sale is the first major action by the Brussels-based Single Resolution Board , set up in January 2015 to deal with euro-area bank failures and wind them down with minimal impact on taxpayers and financial stability.

Business Comey: Trump sought to 'lift the cloud' of investigation
Author: 0 Comey: Trump sought to 'lift the cloud' of investigation

But Democratic Sen. Sheldon Whitehouse of Rhode Island told CNN's Wolf Blitzer that selectively reading Comey's testimony did not exonerate Trump. A spokesman says the interview was canceled because Pence was running late. "It's certainly an effort to interfere in the investigation", the top Democrat on the House Intelligence Committee, Representative Adam Schiff, told CNN .

Business Yahoo shareholders approve sale of core business to Verizon
Author: 0 Yahoo shareholders approve sale of core business to Verizon

The layoffs would not exactly be a bolt out of the blue, since there is a good deal of overlap in the companies' human resources, finance, marketing and general administration, according to the report on the Web site Recode . ("Verizon") of the Company's operating business (the "Sale Transaction"). Verizon Communications has inked a managed services deal with Ericsson ( ERIC - Free Report ) wherein the latter will be deploying Verizon's Managed Software Defined Wide Area Network (SD WAN) ...