Markets


Oil falls as OPEC nears deal to raise production Oil falls as OPEC nears deal to raise production
- June 23, 2018

If the existing deal is retained and Saudi Arabia felt there was a need to add more oil, Riyadh could still increase production unilaterally, as it did after a meeting in June 2011 ended with no decision. Iran , OPEC's third-largest producer, had demanded OPEC reject calls from Trump for an increase in oil supply, arguing that he had contributed to a recent rise in prices by imposing sanctions on Iran and fellow member Venezuela. (more...)
Theranos’ Holmes indicted by feds over blood-test ‘fraud’ Theranos’ Holmes indicted by feds over blood-test ‘fraud’
- June 16, 2018

Holmes stepped down as chief executive of Theranos on Friday, the company announced, shortly before the indictment was released. Holmes remains chairman of the company's board. The company has repeatedly laid off employees in an effort to cut costs and is staring down debts that could force it to liquidate as early as this summer, the Wall Street Journal has reported. (more...)
Iran to North Korea: Don’t Trust ‘Deal-Breaker-in-Chief’ Trump
- June 13, 2018

The other group homes in on Trump's concessions, noting that his agreement to cease United States-South Korea military exercises is a big win for Kim, and was made without getting the United States anything significant in return. The US side seeks denuclearization on the Korean Peninsula under terms that give US and global authorities broad power to inspect nuclear reactors in North Korea at any time they choose to verify parts of a potential denuclearization agreement. (more...)
Tesla Teases Model Y Electric Crossover For Debut Next Year Tesla Teases Model Y Electric Crossover For Debut Next Year
- June 07, 2018

Ordered today, wait times for Model 3s with the existing configuration would be three or four months, said Musk . "We are incredibly excited to build the first Gigafactory outside the U.S. Before the meeting started, one shareholder said the current board was "an obstacle, not an aid", to the electric vehicle makers success. "Then I had a road bike until I was 17 and was nearly killed by a truck", Musk said. (more...)
Merkel outlines ideas to integrate EU Merkel outlines ideas to integrate EU
- June 04, 2018

Macron has ambitious plans for European reforms but he can not go it alone, and the strength of the Berlin-Paris axis is an important gauge for how well things are going in Europe. She proposed offering short-term credit lines to stricken countries, but maintained strict conditions for support: "always subject to special conditions of course, for a limited amount and with complete repayment". (more...)
India's growth recovery runs into emerging-market chaos India's growth recovery runs into emerging-market chaos
- June 03, 2018

The annual GDP growth for 2018-19 is projected at 7.4% by the participating economist; with a minimum and maximum range of 6.9% and 7.5% respectively. India has been swept up in the maelstrom that's hit emerging markets as rising USA interest rates and a stronger dollar prompt investors to pull money out of stocks and bonds. (more...)
Amazon is encouraging Australians to pirate ebooks Amazon is encouraging Australians to pirate ebooks
- June 02, 2018

The move is a response to the government's decision to slap the 10 per cent goods and services tax on all items bought from overseas sites and shipped to Australia, rather than just those worth more than $1,000 as at present. Amazon is launching a global store accessible to Australian customers, where products from its retail site will be available. Amazon closing its global stores to Australians to avoid paying GST is disappointing but Treasurer Scott Morrison is promising there will be no ... (more...)
Can protestors still stop the Kinder Morgan pipeline? Can protestors still stop the Kinder Morgan pipeline?
- May 31, 2018

Finance Minister Bill Morneau reported on the eve that the authorities reached an agreement with Kinder Morgan , the construction company based in Texas, United States , to acquire all the infrastructure for about 4.5 billion dollars, although the text must still be approved by the shareholders and it is hoped that it can be signed in August. (more...)
Oil Prices Fall As Saudis See Likely Supply Boost Oil Prices Fall As Saudis See Likely Supply Boost
- May 26, 2018

Brent futures fell 37 cents, or almost 0.5 percent, to $79.20 a barrel by 0636 GMT, after climbing 35 cents on Tuesday. Rising supply in the USA, where shale production is forecast to hit a record high in June, has limited the upward move in prices. (more...)
Here's why you're getting so many emails about changing privacy policies Here's why you're getting so many emails about changing privacy policies
- May 25, 2018

So how does this affect you? Confused? Here are five things you need to know about the GDPR , starting with the basics. European data regulators have signaled they will take compliance seriously. For example, if the data is no longer needed or they are withdrawing their consent for it to be used. The GDPR has no fewer than 99 separate articles , but here are the some of the key requirements for companies who want to store and process your personal data ... (more...)
US Senate votes to restore and save Net Neutrality US Senate votes to restore and save Net Neutrality
- May 18, 2018

All the Senate Democrats and Independents voted against it, and were joined by three Republican Senators: Susan Collins of Maine, John Kennedy of Louisiana, and Lisa Murkowski of Alaska. Senate voted along mostly party lines today in favor of a resolution to preserve an Obama-era internet regulation known as net neutrality. A resolution from Sen. (more...)
Planned Iran sanctions, tight supply send oil to new multi-year high
- May 15, 2018

At the current price, Nigeria generates $33.0 per barrel as excess revenue, amounting to $75.9 million per day.At the current oil price, the excess crude oil account is expected to reach $76 million per day, about 16.2 per cent, up from $65.4 million recorded in April, 2018. (more...)
Deepika Slays It In Style At Cannes Deepika Slays It In Style At Cannes
- May 11, 2018

She completed this look with some wonderful red Christian Louboutin shoes. She paired it with a pair of black trousers and boots. Her airport outfit featured designer names like Maison Margiela, Alexander McQueen, Tom Ford and Celine. She matched her dress with shoes by Alberta Ferretti. Later, Deepika chose to sport a dress with a flowy dress by Philosophy di Lorenzo Serafini. The actress made her debut as a L'Oreal Paris brand ambassador at the festival a year ago, and stole hearts in ... (more...)
Warren Buffett And Bill Gates Denounce Bitcoin Warren Buffett And Bill Gates Denounce Bitcoin
- May 09, 2018

Buffett's Berkshire Hathaway owns a group of more than two dozen small and medium-sized newspapers. The addition of Apple shares increased Berkshire Hathaway's stake in the company to 240 million shares, or roughly 5%. Buffet quoted " They are not going to find $50 billion or $100 billion acquisitions that they can make at remotely a sensible price". Months earlier, many grew increasingly concerned that Apple's top-of-the-line phone has been a dud among consumers, due to its ... (more...)
Southwest Airlines to offer Hawaii flights from Sacramento Southwest Airlines to offer Hawaii flights from Sacramento
- May 05, 2018

It has outperformed by 9.33% the S&P500. Southwest Airlines also plans to start inter-island service once new routes to and from California begin to stabilize. 116 funds bought holdings and 188 increased holdings. The stock appeared $64.27 above its 52-week highs and is down -1.22% for the last five trades. 12,700 are owned by Amalgamated Bankshares. (more...)
Nikola Motor Company Sues Tesla Just Ahead Of Earnings Report Nikola Motor Company Sues Tesla Just Ahead Of Earnings Report
- May 03, 2018

Here's what Nikola's truck design, which it says it unveiled in May 2016, looks like compared to Tesla's. "Tesla's infringement has harmed Nikola's ability to attract investors and partners because investors can now partner with Tesla to have an alternative fuel semi-truck". (more...)
Amazon offers to buy 60% of Flipkart for $2 billion Amazon offers to buy 60% of Flipkart for $2 billion
- May 03, 2018

Ecommerce major Amazon has offered to buy 60% stake in Flipkart . The offer could complicate matters for Walmart , which has also been trying to buy a majority stake in the company. The Flipkart deal would also propel the Bentonville, Arkansas-based retail behemoth to hasten its online expansion into remaining Asian markets, the sources added. (more...)
Under Armour's (UA) Under Armour's (UA) "Outperform" Rating Set at FBR & Co
- May 02, 2018

Under Armour's stock slipped 2.9% to US$17.25 in pre-market trading on Tuesday. Following the completion of the sale, the executive now owns 25,840 shares of the company's stock, valued at $1,119,905.60. The firm had revenue of $1.37 billion during the quarter. UAA touched $17.77 during the last trading session after $0.06 change. Under Armour, Inc .is downtrending after having declined 17.22% since April 30, 2017. (more...)
Gas prices set four-year record in April Gas prices set four-year record in April
- May 01, 2018

Since then, the price of gas in Virginia has decreased, but now AAA expects current prices to continue to rise. "The higher prices at the pump are mainly a result of a tightening oil market, which leaves us prone to price hikes based on geopolitical tensions and supply shortage concerns". (more...)
WOW air recruiting for two global travel guides WOW air recruiting for two global travel guides
- April 29, 2018

Wow Air started accepting applications on April 23 and will continue till May 14. The airline says that it is looking for full of life, fun loving pair of individuals who could think big. Over the course of the 10-week job, travel guides will take eight trips to WOW Air worldwide destinations and four domestic trips through Iceland. For taking part in the competition the applicants need to go on the competition website and upload a two-minute video clip offering travel tips for their ... (more...)
Kahn Brothers Group INC Increased Glaxosmithkline (GSK) Stake as Shares Rose
- April 29, 2018

About 4.84 million shares traded or 35.42% up from the average. GlaxoSmithKline plc (NYSE: GSK ) has declined 10.07% since April 26, 2017 and is downtrending. The rating was maintained by Cowen & Co with "Hold" on Monday, July 17. Berenberg have set a target price of 1790 GBX on its stock. The rating was maintained by Liberum Capital with "Buy" on Wednesday, February 7. (more...)
Sell-off in industrial, tech stocks sends Dow down for 5th straight day Sell-off in industrial, tech stocks sends Dow down for 5th straight day
- April 29, 2018

The 10-year yield, a benchmark for global borrowing costs, has been driven steadily higher by a combination of concerns over inflation, growing debt supply and rising Federal Reserve borrowing costs. Gina Martin Adams, chief equity strategist for Bloomberg Intelligence, said that hasn't happened yet. The futures on the United States oil variety WTI dropped its price by 1.14% to 67.86 Dollars per barrel. (more...)
Ford drafts cost-cutting plan, halts sedan sales in North America Ford drafts cost-cutting plan, halts sedan sales in North America
- April 28, 2018

Just two years from now, a mere 10 percent of the vehicles rolling off Ford assembly lines and into North American showrooms will be sedans and sports cars like the Taurus or Mustang . This auto lineup will compliment their trucks and crossovers in North America. "At the same time, the average age of our vehicles will drop to just more than three years". (more...)
United States economy slows in first quarter as consumer spending brakes sharply United States economy slows in first quarter as consumer spending brakes sharply
- April 28, 2018

Government spending grew at a 1.2 percent rate, down from a gain of 3 percent in the fourth quarter, as spending by state and local governments slowed. GDP in the United Kingdom grew by just 0.1% for the first quarter as uncertainty over the UK's exit from the European Union next year crimped business investment and weighed on construction . (more...)
Netflix (NFLX) Rating Increased to Buy at ValuEngine Netflix (NFLX) Rating Increased to Buy at ValuEngine
- April 27, 2018

The company's quarterly revenue was up 40.3% compared to the same quarter past year. The stock has been moved at 12.98 percent over the last six months and 82.84 percent during previous year. That's change of 0.19, from 2017Q3's 1.12. Funds hold 344.43 million shares thus 3.28% less from 2017Q3's 356.10 million shares. Analysts are turning out to be more optimistic than before, with 26 of analysts who cover Netflix, Inc . (more...)
Southwest Airlines giving $5K to passengers of deadly flight Southwest Airlines giving $5K to passengers of deadly flight
- April 22, 2018

The airline has provided a number for passengers who need to be reunited with their luggage. The airline declined further comment. As Southwest Airlines Flight 1380 plunged, passenger Hollie Mackey was torn between trying to save a woman whose upper body was being sucked out of a broken window and protecting the child beside her from a similar fate. (more...)
Roku shares getting hit as Amazon cuts deal with Best Buy Roku shares getting hit as Amazon cuts deal with Best Buy
- April 21, 2018

Notably, this announcement also implies that Insignia TVs (Best Buy's house brand) may drop software from Roku in favor of Amazon's , though Roku TVs from other manufacturers will surely still be sold. The new TVs from Toshiba and Insignia will be branded "Fire TVs" and stream content from apps such as Netflix, HBO, PlayStation Vue, Hulu and Amazon Prime Video. (more...)
ZTE Blasts 'Unfair' US Ban, Vows to Fight ZTE Blasts 'Unfair' US Ban, Vows to Fight
- April 21, 2018

During 2017, ZTE admitted that it had illegally shipped telecom equipment to North Korea and Iran and agreed to penalties in the amount of $1.19 billion. "ZTE will not give up its efforts to solve problems through communication and dialogue". ZTE said it has established a compliance management committee directly under the leadership of the company's president; set up a team of global experts on compliance on export controls; hired a number of world-class consultants to provide professional ... (more...)
Would you try a tarantula burger? Would you try a tarantula burger?
- April 14, 2018

Ever think. "Man, I wish I could eat a tarantula burger right now?" Many people say there's nothing quite like sinking your teeth into a delicious, juicy burger. The burger can be cooked to the customer's preference, and Bull City Burger describes the tarantula as "lightly salted and oven-baked". However, the restaurant purchased only 18 zebra tarantulas so anyone wanting to chow down on one of the arachnids has to win a "tarantula raffle" first. (more...)
Bitcoin price surges 16% in sudden move to above $8000 Bitcoin price surges 16% in sudden move to above $8000
- April 13, 2018

In the last week, Rustbits has traded flat against the dollar. One Terracoin coin can now be purchased for about $0.12 or 0.00001807 BTC on popular exchanges including CoinExchange, Cryptopia, C-CEX and Trade Satoshi. United Bitcoin (UBTC ) is a proof-of-work (PoW) coin that uses the SHA256 hashing algorithm. Based on historical charts, BTC/USD gained around 130% during Q2 2017, its best-performing quarter to date. (more...)
Volkswagen CEO could be out in shock management shakeup Volkswagen CEO could be out in shock management shakeup
- April 12, 2018

Chairman Hans Dieter Poetsch is now in talks about changing the structure with fellow supervisory board members and members of the management board, Volkswagen said. News of replacing Mueller moved shares upward. Diess and Mueller instead agreed to guarantee VW's German jobs until 2025 to get labour approval for a plan to turn the carmaker into a mass producer of electric cars. (more...)
Steve Wozniak promises to delete his Facebook account in protest Steve Wozniak promises to delete his Facebook account in protest
- April 11, 2018

Wozniak wrote that Facebook had "brought me more negatives than positives". Wozniak, that co-founded Apple from the 1970 s with stevejobs, remains employed with the company. Will privacy and data concerns discourage users from using Facebook or will social media continue forward as usual? Steve Wozniak , the cofounder of Apple, has formally deactivated his Facebook account. (more...)
BP to store wind power with help from Tesla BP to store wind power with help from Tesla
- April 11, 2018

Bb&T, a North Carolina-based fund reported 689 shares. Pictet Asset Mgmt Ltd owns 228,259 shares for 0.18% of their portfolio. Athena Advsr Limited Company holds 0.08% or 1,020 shares in its portfolio. The firm has "Sell" rating given on Thursday, November 2 by J.P. Morgan. The stock has "Buy" rating by Piper Jaffray on Monday, October 16. Barclays Capital maintained the shares of TSLA in report on Thursday, April 6 with "Underweight" rating. (more...)
Uber buys electric bike share startup Jump Uber buys electric bike share startup Jump
- April 10, 2018

Sources told TechCrunch the final price could be approximately $ 200 million . I'm excited to announce that JUMP Bikes will be joining Uber . Acquiring Jump gives Uber access to Jump's on-demand e-bike data - and valuable insight into a transportation trend that is popular in Europe and Asia, but has only recently started to gain traction in the US. (more...)
Will Rusal default on some liabilities due to new sanctions? Will Rusal default on some liabilities due to new sanctions?
- April 10, 2018

Shares in EN+ had already fallen 22 per cent on Friday after Washington imposed sanctions against Mr Deripaska and his businesses in a targeted move against the oligarch for "advancing Russia's malign activities". As Bloomberg points out, the move also raises questions for Glencore and its billionaire chief Ivan Glasenberg, the commodity giant who is one of Rusal's top shareholders, owning an 8.75 percent stake and also the biggest buyer of its metal, having bought $2.4 billion of metal from ... (more...)

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