Economy

Zion Oil & Gas, Inc. (ZN) Closed its Previous Trade at $2.75

About 3.92M shares traded. It has underperformed by 78.84% the S&P500. Xact Kapitalforvaltning AB's holdings in Cabot Oil & Gas Corporation were worth $846,000 at the end of the most recent reporting period. Texas Permanent School Fund owns 139,342 shares. Over the past twelve months, Cabot Oil & Gas Corporation (NYSE: COG)'s stock was -3.30%. Therefore 63% are positive. Read More

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Oil hits six-week low as OPEC fails to curb oversupply

Back in November, OPEC members agreed to cut production by 1.2 million barrels per day for six months beginning from the start of the year in a bid to reduce the glut of oil supplies on the shore up prices. Growth in oil supply next year is expected to outpace an anticipated pick-up in demand that will push global consumption above 100 million barrels per day (bpd) for the first time, the International Energy Agency said on Wednesday. Read More

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Amazon buying Whole Foods in $13.7 billion deal

Whole Foods accounts for just 1.2 percent of the U.S. food and grocery market share, while Amazon has just 0.2 percent, according to research firm GlobalData Retail. Amazon's move aims at the heart of the Bentonville, Arkansas-based retail giant's business - groceries, which account for 56 percent of Wal-Mart's $486 billion in revenue for the year ending January 31. Read More

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China Gains Entry Into MSCI Global Index

MSCI has more than $10 trillion of active and passive assets benchmarked against it, with emerging markets alone accounting for $2 trillion. While locally-traded Chinese shares will initially comprise just 0.7 percent of MSCI's global emerging-markets gauge, the weighting could increase over time if the country enacts further reforms. Read More

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Slumping oil prices rein in stock indexes

The S&P 500 was up 0.83%, the Dow gained 0.66%, and the Nasdaq added 1.42%. The Nasdaq composite jumped 87.25 points, or 1.4 percent, to 6,239.01. Rice surged $4.88, or 24.8 percent, to $24.57. Following his comments, the pound was down 0.5 percent at $1.2672. Apple and other industry heavyweights had been among the stock market's biggest stars, and tech stocks in the S&P 500 were up more than 20% for the year until they took a sharp step down two Fridays ago. Read More

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Seattle police shoot, kill woman who reported burglary

According to a Seattle police spokesperson Mark Jamieson, two officers responded to a burglary call at an apartment unit where the tenant had a previous history with police . " Hey! Get back! Get back! " an officer shouts before an eruption of gunfire. A child steps over burned-out candles at a memorial outside where a pregnant mother was shot and killed at her apartment a day earlier by police, Monday, June 19, 2017 , in Seattle . Read More

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Tropical Storm Cindy forms in Gulf of Mexico

The watch may also be issued for locations not expected to receive life-threatening inundation, but which could potentially be isolated by inundation in adjacent areas. Tropical Storm Bret is projected to move over the southern Caribbean towards Central America and away from most cruise ports. Police told the Associated Press flooding was reported Tuesday morning on Dauphin Island, Alabama. Read More

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South Korea to scrap building new nuclear power plants

Moon made the announcement at a ceremony in the country's southeast coast to decommission the Kori-1 nuclear reactor, the country's first and most aged nuclear power plant , according to the presidential Blue House. But South Koreans' enthusiasm for nuclear energy quickly waned following the 2011 Fukushima meltdowns in neighbouring Japan . With the country still setting its long-term energy plans, it is unclear how many will be replaced by new reactors. Read More

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Cats Conquered The Ancient World, According To Science

Cats Conquered The Ancient World, According To Science

They later spread across Europe and other parts of the world via trade hub Egypt. Cats from this lineage were among those that first became idolised by the Ancient Egyptian cultures. But that's only half the story. It first showed up in the Middle Ages, suggesting that domestication as we know it - with some sort of selective breeding - did not start until then. Read More

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Reds' Scooter Gennett hits 4 home runs to tie MLB mark

The 27-year-old Gennett hit a mere single in his first at-bat, then muscled up. Nobody expects to hit four home runs in a game , but Gennett didn't even come to the ballpark knowing he'd be in the lineup. Nola spent nearly a month on the disabled list with a lower back strain before losing his three decisions in May. Howie Kendrick had three hits, including a homer in the fourth. Read More

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Trump offers to mediate Qatar crisis in call with emir

Trump offers to mediate Qatar crisis in call with emir

Kuwait - which unlike most of its fellow Gulf Cooperation Council (GCC) members has not cut off ties with Qatar - has been leading efforts to mediate. "We lead the region in attacking the roots of terrorism - by giving young people hope through jobs, replacing weapons with pens by educating hundreds of thousands of Syrian refugees and funding local community programs globally to challenge extremist agendas". Read More

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Amazon is buying Whole Foods and grocery shopping may change forever

Amazon is buying Whole Foods and grocery shopping may change forever

On Friday, WalMart announced it is buying men's online clothing retailer Bonobos for $310 million. Purchase sets the stage for "transformative" retail experiments that could revolutionise how people buy groceries . For now, though, Whole Foods cashiers and other employees can take a sigh of relief. Whole Foods becomes a convenient place for Amazon customers to pick up items they ordered so they do not have to wait for delivery. Read More

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Ford To Build Next North American Focus In China Instead Of Mexico

Ford To Build Next North American Focus In China Instead Of Mexico

U.S. carmaker Ford , which abandoned a plan to produce the new make of Ford Focus cars at a new factory in Mexico under pressure from Donald Trump , will make them in China instead. "And it frees up from the original plan about $1 billion of capital that we can reinvest in the business, including exciting things that we're working on in autonomy and electrification and a lot of that work is done right here in the U.S". Read More

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Agree Realty Corporation (NYSE:ADC) on Focus After Report of Less Shorts

It worsened, as 126 investors sold AMZN shares while 478 reduced holdings. (NYSE:GTY) for 60,400 shares. The institutional investor owned 80,358 shares of the real estate investment trust's stock after selling 922 shares during the period. Therefore 80% are positive. (NYSE:PX) has risen 17.42% since June 20, 2016 and is uptrending. The firm earned "Buy" rating on Friday, May 6 by Wunderlich. Read More

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BURGER KING® Restaurants Introduce New Lucky Charms™ Shake

BURGER KING® Restaurants Introduce New Lucky Charms™ Shake

As with most colorful frozen drinks these days (looking at you, Unicorn Frappuccino), the internet has already had a lot to say about the Lucky Charms shake . While the shake does taste just like the cereal, we would prefer our Lucky Charms in a bowl with milk where they belong. And by the way, in case you're dieting and didn't realize ordering it might set you back, it's 740 calories with 17 grams of fat. Read More

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American detainee's death in North Korea baffles experts

American detainee's death in North Korea baffles experts

Mr Warmbier was convicted of subversion after he tearfully confessed that he had tried to steal a propaganda banner while visiting with a tour group from China. Within weeks, he was sentenced to 15 years in prison and hard labor. Warmbier had reportedly been in a coma since March 2016. Otto Warmbier has died, University of Cincinnati Medical Center announced Monday. Read More

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Cosby Accuser Andrea Constand Thanks Supporters for 'Love & Kindness'

Montgomery County D.A. Kevin Steele will retry Cosby. Cosby's trial ended without a verdict after jurors failed to reach a unanim. Bill Cosby listens to his wife Camille's statement being read aloud by Ebonee M. It's likely that Cosby's defence team will try to block a new trial, but legal experts say they are unlikely to prevail. Mike McCloskey told WDVE-radio 102.5 FM that he and other alternates were kept separate from other jurors during deliberations in eastern Pennsylvania which ... Read More

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Uber adds option to tip drivers as it heads in new direction

Uber adds option to tip drivers as it heads in new direction

Drivers, who often moonlight for multiple companies, have also had the option of collecting tips through rival service Lyft , and are primarily motivated to drive more for the app that makes them the most money. The public reaction will likely be mixed, as it has been on Twitter , with consumers divided between wanting to pay drivers well and wanting the Uber model to remain the same. Read More

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79 missing or presumed dead in the Grenfell Tower fire

Burned-out flats, blackened lifts and the charred remains of belongings after the deadly Grenfell Tower fire were visible in photos and videos released by Britain's Metropolitan Police on Sunday (June 18). The search and recovery operation in the 24-storey Grenfell Tower continues, he said, adding that it has been incredibly distressing for families. Read More

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Amazon is moving into your dressing room

Amazon is moving into your dressing room

CNBC reports that Amazon is now testing Prime Wardrobe, a service that lets you try on clothes before you buy them. If they keep five or more items, they get 20% off their total. Right now, online clothing and accessories sales make up 24 percent of the total in the USA, according to Cowen & Co., so there's still plenty of room for Amazon to grow there. Read More

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United States stocks slip on tech drop, dollar up after Fed: Markets Wrap

United States stocks slip on tech drop, dollar up after Fed: Markets Wrap

Art Cashin, the head of New York Stock Exchange floor operations for UBS, said he doubts the Federal Reserve will be able to raise interest rates again this year because of underlying weakness in the us economy. The fall in energy resources, leads to a drop in the economy of those countries, incomes of which depend on energy revenues. The US jobless rate fell to a 16-year low last month. Read More

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Will the Gulf Cooperation Council Survive the Saudi-Qatar Crisis?

The president said he would conduct a trilateral teleconference call with French President Emmanuel Macron and Qatari Emir Sheikh Tamim bin Hamad al-Thani later on June 13 regarding steps to resolve the Qatar diplomatic crisis. Qatar sent its ships to Sohar Port in Oman. Turkey last week approved plans to deploy more troops to a military base it has established in Qatar under a 2014 agreement with the Gulf Arab state. Read More

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Valeant is jumping after John Paulson joined its board

Valeant is jumping after John Paulson joined its board

Liberty Mutual Asset accumulated 68,316 shares. Fosun International Ltd now owns 303,708 shares of the specialty pharmaceutical company's stock worth $7,456,000 after buying an additional 36,738 shares during the last quarter. "The strategic plan to transform Valeant smartly focuses on rebuilding the company's core franchises in ophthalmology, dermatology and gastroenterology while simultaneously using the proceeds from the sale of non-core assets and operating cash flow to de-lever the ... Read More

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US Fed raises rates, provokes caution in Indian markets

The average 30-year fixed mortgage has a rate of 4.02 percent, the lowest since November 16, 2016, and an average of 0.24 discount and origination points. To start, the Fed will only invest money back into the market if it gets back more than $6 billion in principal returned a month. "There is a lot to digest, and even some apparently conflicting signals, such as the fact that the Fed revised its own inflation outlook slightly down and yet kept its intention to raise rates again this ... Read More

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UK official looking for 'positive' Brexit talks

UK official looking for 'positive' Brexit talks

Formal talks to agree a host of issues around the terms of the UK's departure from the bloc will begin on Monday, nearly a year to the day after the referendum vote to leave. May herself will also have a chance to update the other 27 European Union leaders on her Brexit plans at a summit meeting in Brussels on Thursday. Read More

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UK Fraud Office charges Barclays over Qatar fund-raising

UK Fraud Office charges Barclays over Qatar fund-raising

The announcement follows a five-year investigation into the events surrounding the £11.8bn emergency fundraisings conducted by Barclays during the height of the 2008 financial crisis, when it raised billions of pounds from Qatar. The Barclays case is a major test for the SFO, which has in recent years failed to successfully prosecute a number of high profile bribery and corruption cases. Read More

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What privatizing air traffic control could mean, as Trump outlines proposal

What privatizing air traffic control could mean, as Trump outlines proposal

Declaring the current system "stuck painfully in the past", Trump called for separating air traffic control operations from the Federal Aviation Administration, an approach that USA airlines have long championed. The new entity would be governed by a board of directors, including representatives for airlines, unions, airports and others. "Americans can look forward to cheaper, faster and safer travel", said President Trump. Read More

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Tech CEOS visit White House to talk modernizing government

IBM was prominent last week during the White House's push for apprenticeships. The executives are part of the so-called American Technology Council that Trump formed in May to support efforts to modernize the US government. Spokesman Sean Spicer yesterday announced that Kushner would soon go to the Middle East on the latest peace drive, meeting leaders Benjamin Netanyahu and Mahmud Abbas. Read More

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Steve Scalise Upgraded To 'Serious Condition' And Is Speaking To Family

Steve Scalise Upgraded To 'Serious Condition' And Is Speaking To Family

Scalise "continues to show signs of improvement", MedStar Washington Hospital Center said in a statement Saturday evening. Both Republican and Democratic leaders at the game encouraged a sense of unity in the wake of the shooting during an otherwise politically rancorous time in Washington when the parties are sharply divided over healthcare legislation and investigations of the members of the Trump administration. Read More

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Top EU lawmaker says UK's aims a mystery

Top EU lawmaker says UK's aims a mystery

Last year's Brexit vote came as a profound shock to Brussels against a backdrop of rising anti-EU sentiment, with many - including now US President Donald Trump - predicting the bloc's eventual break-up. "It was a mistake for the campaign not to focus more on an area where we have a great story to tell - our record on the economy", he said. One of the UK's leading business groups has called on the government to ensure the economy is "at the heart" of its Brexit negotiations, which got ... Read More

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