Economy

Crude Prices Settle Weaker In US

Crude Prices Settle Weaker In US

Few in the market believe a stock drawdown to the five-year average or below and a sustainable market rebalancing could be achieved with just six months of production restraint. Beyond 2018, growth in the United States is expected to taper off, as producers are unlikely to support further increases in activity "in the absence of incremental price increases and/or additional cost/technology improvements". Read More

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(COST) Stock Rating Reaffirmed by Barclays PLC

(COST) Stock Rating Reaffirmed by Barclays PLC

The High end of the Estimate is $30.63 Billion, while the Low end of the Estimate is $29.85 Billion. Costco Wholesale Corporation Last issued its quarterly earnings results on Mar 2, 2017. BlackRock Institutional Trust Company N.A. boosted its position in Costco Wholesale by 0.8% in the third quarter. Norinchukin Bank The now owns 45,564 shares of the retailer's stock valued at $6,949,000 after buying an additional 411 shares during the last quarter. Read More

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Trump Signs New Immigration Order Designed to Withstand Court Challenge

Trump Signs New Immigration Order Designed to Withstand Court Challenge

As with the previous order, people from Iran , Somalia, Sudan, Yemen , Syria and Libya will face a 90-day entry ban. Left out is Iraq. "If you have a current valid visa to travel, we welcome you", Kelly said at an event on Monday. He called the ban "a needed pause" so the American government can carefully review vetting processes from each of the nations, suggesting that some governments may knowingly have lax standards to allow terrorists into the US. Read More

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Deutsche Bank names Schenck, Sewing co-deputy Chief Executives

Deutsche Bank names Schenck, Sewing co-deputy Chief Executives

Deutsche Bank is not likely to realize the gains of restructuring immediately but might start getting them later in the year. Natixis reissued a "reduce" rating on shares of Deutsche Bank AG in a research note on Monday. In fact, Deutsche has been in trouble since about 2012, when the first of several scandals began to impact the bank's finances. The stock remained 2.56% volatile for the week and 2.90% for the month. Read More

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Dick's Stock Drops Premarket on Weak Guidance

Dick's Stock Drops Premarket on Weak Guidance

Its Director COLOMBO WILLIAM J sold 52,156 company shares for 3135100, in a transaction on 2016-11-23. The stock hit 1-yearhigh at $62.80 and a low of $37.64 in the same period. (NYSE:DKS) traded with the volume of 3.71 Million in the previous trading session. Currently, Wall Street is projecting that the firm will post $1.3 earnings per share. Read More

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Drilling Down Into Hewlett Packard Enterprise Company (HPE)

Drilling Down Into Hewlett Packard Enterprise Company (HPE)

The stock sank -9.1% last month and is down -19.87 this year. The stock, after opening at $58.24, hit $57.35 through the close by scoring -1.04%. Beta factor of the stock stands at 0.71. "1" suggested "Sell" for the company. The simple 20 day moving average for Hewlett Packard Enterprise Company is -2.91% and the simple 200-day moving average is at 6.55%. Read More

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Snapchat is tanking for the first time since its IPO

Coverage was initiated Monday on Snap ( SNAP ) by Needham, with an underperform rating and a price target about 24% below where it now sits. "That's the simple answer". The average prediction of the analysts who have issue a recommendation on Snap Inc.is that the shares of the photo sharing company could plunge 40% in the next year. Read More

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Reliance Capital to sell its stake in Paytm to Alibaba

Reliance Capital to sell its stake in Paytm to Alibaba

It had got an additional stake in Paytm Mall free of cost by virtue of its investments in the parent firm, when the company hived its e-commerce business into a separate unit a year ago. Reliance Capital held their one percent equity stake in One97 Communications, which parents and owns Paytm . Both Reliance Capital spokesperson and Paytm spokesperson refused to comment on the deal. Read More

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Theresa May faces second Brexit defeat in House of Lords

Theresa May faces second Brexit defeat in House of Lords

Additionally, while the Leader of the Opposition, Jeremy Corbyn, has said he welcomes the amendment introduced by the Lords, he is likely to impose a three line whip requiring Labour MPs to support the government's position, even though that position runs the risk of leaving the government and opposition vulnerable to the accusation that they are deaf to the concerns of the millions of European Union citizens who live in the UK. Read More

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Stock Showing Surging Activity: Anadarko Petroleum Corporation (NYSE:APC)

The share price of $63.21 is at a distance of 58.35 percent from its 52-week low and down -13.8 percent versus its peak. On 03/03/2017 close, Marathon Oil Corporation (NYSE:MRO) rose 0.25% to $16.18. 18 rated the company as a "Hold". The rating was maintained by Oppenheimer on Wednesday, November 25 with "Outperform". A financial analyst works on either the buy-side or sell-side for a business. Read More

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'No Evidence': Republican Lawmakers Want Answers About President Trump's Wiretapping Claim

He said there would be no further comment until the investigations are completed, a statement that House Minority Leader Nancy Pelosi, D-Calif., took offense to and likened to autocratic behavior. It is well established that USA intelligence agencies have been investigating the connections between Donald Trump's presidential campaign, Trump's associates and the Russian government. Read More

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Gas Prices Remain Steady despite Increased US Production

Gas Prices Remain Steady despite Increased US Production

The prices rose earlier in the day when media reported that Iraq said OPEC would likely need to extend its production cuts into the second half of 2017. The rally stalled this year as USA output and supplies continued to grow. Other non-OPEC countries also agreed to cut production by 0.6 million barrels per day, giving rise to hopes that the oil price war started by Saudi Arabia over two years ago might finally be coming to an end. Read More

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ABC Boss Slashes 200 Jobs To Refocus On Regional

ABC Boss Slashes 200 Jobs To Refocus On Regional

The new $50 million content fund will be open to all employees who have ideas for innovative programming. New ABC managing director Michelle Guthrie announced the long-awaited decision on Tuesday afternoon, confirming months of speculation that middle management jobs were in the firing line as the government broadcaster looks to modernise and cut costs. Read More

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Myanmar says ethnic rebels stage raid on northeastern town

Myanmar says ethnic rebels stage raid on northeastern town

In November past year, the MNDAA along with the powerful Kachin Independent Army, TNLA and AA - known as the Northern Alliance - had jointly attacked police stations, military outposts and a trade zone in Shan's Muse Township. "We had a tense relationship between the government military and the NMSP", said Naing Win Hla, the NMSP's communication officer. They also deployed more troops in Kya-in Seikkyi township, driving about 2,000 villagers to flee to safety in neighboring Thailand, ... Read More

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IBM strikes global AI partnership with Salesforce

IBM strikes global AI partnership with Salesforce

Finally, Sapphire Ventures L.L.C. bought a new stake in shares of salesforce.com, inc. during the fourth quarter worth about $6,217,000. For the Current Quarter, 42 analysts are projecting the mean EPS to be $0.31/share. Goldman Sachs Group, Inc. OTR Global upgraded shares of salesforce.com, inc.to a "positive" rating in a research note on Thursday, December 1st. Salesforce.com Inc had its "buy" rating reiterated by analysts at MKM Partners. Read More

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United States sending anti-missile system to South Korea

United States sending anti-missile system to South Korea

The US made the announcement after North Korean leader Kim Jong Un and the state media personally supervised the missile test launches on Monday. Here's what we know about Monday's launches. North Korea's UN ambassador, Ja Song-nam, said in a letter to the UN Security Council on Monday the U.S. was using nuclear-propelled aircraft carries, nuclear submarines, nuclear strategic bombers and stealth fighters in the joint exercises that began on March 1. Read More

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Trimble blow for Ireland

Trimble blow for Ireland

Rob Kearney does look to be set for a return, with an IRFU statement added that he is "progressing well through his rehab of a groin injury and expected to train fully on Monday". 'He is an intelligent rugby player, he sees things that a lot of players can't see and guys who have been around a lot longer than him. "We've known for a long time that he is something special and he hasn't done too much wrong". Read More

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RBA holds rates, upbeat about growth

Australia's failure to make a decisive political choice coupled with ongoing Brexit fallout point to the central bank waiting a month to assess the implications before resuming interest-rate cuts. The Australian dollar inched higher after the rate decision, supported by the outlook for steady policy. The RBA stated that Australian economic growth was around two and a half percent in 2016, as exports and non-mining investment have risen over the year. Read More

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Sinn Fein Makes Big Gains, Reshuffling Political Landscape In Northern Ireland

Sinn Fein Makes Big Gains, Reshuffling Political Landscape In Northern Ireland

Following last week's election, unionist parties lost their absolute majority for the first time since partition in 1921. "The notion of a perpetual unionist majority has been demolished", Sinn Féin President Gerry Adams said. If they fail to come up with a power sharing deal, either another election will be called or the United Kingdom government will take over. It is understood Mr Brokenshire will meet all five main party leaders today "on a bilateral basis", ahead of talks including ... Read More

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Abe, Trump agree North Korean threat at a 'new phase'

Abe, Trump agree North Korean threat at a 'new phase'

The issue has prompted USA national security officials to consider mounting pre-emptive strikes on North Korean launch sites to thwart the program, the New York Times reported Saturday . It has conducted three successful medium-range rocket launches in the past eight months and two nuclear tests in 2016 in its quest to build an ICBM that could reach the United States. Read More

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Australian Dollar Rises Ahead Of RBA Rate Decision

It has remained on hold since then. Mortgage Choice CEO John Flavell agreed, adding that the country's GDP rose 1.1 per cent from the September quarter, and consumer sentiment rebounded in February. The yield on the benchmark 10-year Treasury note, which moves inversely to its price, rose 1 basis point to 2.82 percent, the yield on 15-year note also almost 1-1/2 basis points to 3.23 percent while the yield on short-term 2-year traded almost 1/2 basis point lower at 1.84 percent by 04:20 GMT. Read More

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NZ's gender pay gap hasn't improved in 14 years

NZ's gender pay gap hasn't improved in 14 years

Though the gender pay gap has narrowed by 2 percentage points from 27.2 per cent in 2015 over past year. On the other hand, nearly 69% expressed that even if gender parity is a priority, the management "does not walk the talk", indicating the need for India Inc to step up and implement pragmatic policies to bridge the gap. Read More

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House: GeForce GTX 1080 Ti Photos

House: GeForce GTX 1080 Ti Photos

While the launch of the Nvidia GeForce GTX 1080 Ti did not come entirely as a surprise to users, some did not expect that its release date would be so soon, since its "Founders Edition" will come out only a few days after it was announced on February 28. Read More

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Oil prices settle with a modest loss

The conference will also welcome many worldwide figures, including global Energy Agency (IEA) Executive Director Fatih Birol, Organization of Petroleum Exporting Countries (OPEC) Secretary General Muammed Barkindo, Saudi Arabian Energy Minister Khalid Al-Falih as well as ministers from other OPEC member states. Read More

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