Money

Wood Mac: Don't expect an OPEC-fueled rally in crude oil prices

Wood Mac: Don't expect an OPEC-fueled rally in crude oil prices

This led the oil producing countries to propose production cuts starting December to firm oil prices back up to the current United States dollars 50-55 per barrel-mark. The cost of a barrel of Brent crude, which is a global benchmark for oil value, plunged by nearly 5% after the announcement. Many have returned to the market since crude prices have risen from last year's lows to over $50 a barrel, and more are set to resume operations if crude prices go even higher. Read More

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Donald Trump Has Criticised Sadiq Khan Over The London Bridge Attack (Again)

May made the invitation to Trump just seven days after he took office, a decision that prompted accusations that Britain, its global influence set to be weakened by Brexit, was kowtowing to the new U.S. "Rather than the mayor of London attacking maybe he should do something about it", he said. "Maybe he should do something to fix the problem rather than just sit there and pretend there isn't one". Read More

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What Is Apple's HomePod?

Apple is emphasizing the HomePod's audio capabilities as a key factor separating it from more affordable rivals like the Amazon Echo and Google Home. Shipments of intelligent home speakers surged almost 600% year-over-year to 4.2 million units in the fourth quarter, with Amazon taking about 88% share and Google 10%, according to consultant Strategy Analytics. Read More

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Amazon offers Prime discount to those on government benefits

Amazon offers Prime discount to those on government benefits

The typical Prime membership is $99 a year, but those who can not afford to pay up front also have a $10.99-a-month option. It's unlikely to cause a big spike in sales, said Michael Pachter, an analyst at Wedbush Securities. Amazon said EBT cards can't be used to pay for the Prime membership fees, and that customers can qualify every 12 months up to four times. That's less than the full-price monthly option of $10.99. Read More

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Local residents react to passing of Gregg Allman

Allman was diagnosed with hepatitis C in 1999 and underwent a liver transplant in 2010 . Variety.com , via Allman's longtime manager Michael Lehman , has reported complications from liver cancer as the cause of death . Drummer Butch Trucks died earlier this year. "It was just a great experience to get asked to do anything like that with people you grew up admiring and listening to". Read More

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Taking Air Travel 'Into the Future' with New Air Traffic Control Initiative

President Donald Trump is pushing an ambitious plan to privatize air traffic control, which he said will modernize a system reliant on decades-old technology and reduce delays for the flying public. Shuster a year ago succeeded in getting the air-traffic measure passed from the Transportation and Infrastructure Committee, which he chairs. Shuster's committee continues to work on a comprehensive FAA authorization and reform bill this year that provides transformational reform of the ... Read More

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Digging Up the Facts on Energy Transfer Equity, LP (ETE)

Energy Transfer Equity, L.P. ( ETE ) has a market capitalization of 18.6 Billion which suggests the company is a huge company further suggesting that the shares of Energy Transfer Equity, L.P. Investors of record on Wednesday, May 10th were paid a $0.285 dividend. It fall, as 64 investors sold ETP shares while 157 reduced holdings. 31 funds opened positions while 76 raised stakes. Read More

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OPEC says it will extend production cuts through March 2018

Libya and Nigeria will remain exempt from the output curbs as they restore lost production, according to Al-Falih. Parties to a measure coordinated by the Organization of Petroleum Exporting Countries are meeting in Vienna to review an agreement to sideline about 1.8 million barrels per day from the market in order to offset strains from the supply side. Read More

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'Wonder Woman' powerful for young women - and young men

That should be a given for a superhero movie, yet so many have failed at it lately. The actress reportedly did all her own stunts for the film. In 2014, 12% of the top-grossing movies had a female protagonist. As of today, Wonder Woman is the #1 movie in the world. Sure, there was a lot of pressure on " Wonder Woman " to do well. Moving forward, that a film can be titled after a woman with a fully developed character arc that includes her aspirations and still make money. Read More

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OECD Says Global Growth "Better But Not Good Enough"

Official figures last month showed the United Kingdom economy suffered an even deeper slowdown at the start of the year, as the services sector came under pressure and inflation dealt a blow to household spending. That estimate for 2017 was not only a slight improvement from its last estimate in March for 3.3% growth, but it would also be the best performance since 2011. Read More

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Q4 2016 Sentiment G III Apparel Group LTD (NASDAQ:GIII)

The biggest holder now is Morris Goldfarb who owns 3,912,586 shares (8.04% of those outstanding), whilst Aron Goldfarb holds 927,032 (1.91% of shares outstanding) and Sammy Aaron holds 658,006 (1.35% of shares outstanding). It has a 20.52 P/E ratio. This increase is typical for the uptrend and shows the considerable optimism among investors. Its up 0.14, from 1.08 in 2016Q3. Read More

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Will Barrick Finally Join The Gold Rally?

Will Barrick Finally Join The Gold Rally?

Caxton Associates LP now owns 11,340,000 shares of the basic materials company's stock worth $181,213,000 after buying an additional 5,800,000 shares during the period. During the same quarter past year, the firm earned $0.11 EPS. On average, equities analysts predict that Barrick Gold Corp will post $0.73 earnings per share for the current fiscal year. Read More

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SCI Corporation (CVM) closed its previous trading session at $0.09

Going toward to the 50-day, we can see that shares are now trading 7.77% off of that figure. CEL-SCI Corporation tumbled -85.17% from its high of $0.54 to a $18.29 million market value through last close. Regardless, closing prices are a useful tool that investors use to quantify changes in stock prices over time. However its weekly volatility is 1.49% and monthly volatility is 1.44%. Read More

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Ally Financial (ALFI) Updated Broker Ratings

The company was downgraded on Wednesday, February 3 by Robert W. Baird. Finally, Zacks Investment Research upgraded Ally Financial from a "strong sell" rating to a "hold" rating in a research report on Tuesday, February 7th. The company now has a consensus rating of "Buy" and an average price target of $24.92. The rating was downgraded by Wells Fargo on Wednesday, April 27 to "Market Perform". Read More

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Legal experts to Trump on travel ban: Put down the Twitter

Legal experts to Trump on travel ban: Put down the Twitter

That too was struck down, and Trump is now appealing to the Supreme Court. "These tweets may make some ppl feel better, but they certainly won't help OSG get 5 votes in SCOTUS, which is what actually matters", George Conway tweeted. Challengers to the ban will argue that Trump is likely referring to his statements during the campaign calling for a "complete shutdown of Muslims entering the United States ". Read More

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Companies get ready for day of protest to save net neutrality

Companies get ready for day of protest to save net neutrality

So far, Fight For The Future says that 15 companies and 30 advocacy groups have signed on the participate in the July action, which will provide visitors with tools to contact Congress and the FCC in support of preserving net neutrality - a tactic that has been effective in the past, bringing thousands of public comments voicing opposition to the multi-billion dollar telecommunications companies and their efforts to eliminate net neutrality protections. Read More

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Cuomo: State will keep Affordable Care Act protections

Melinda Willingham, a Decatur pediatrician, responding to the study's conclusions, to Georgia Health News . The new insurance rules were implemented on an emergency basis, meaning the changes have already gone into effect. Indiana, like ME, did not expand Medicaid, but it did receive a federal waiver from the Obama administration to expand the program to those earning up to 138 percent of the federal poverty level . Read More

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Donald Trump Wishes Ex-FBI Boss 'Luck' For Blockbuster Testimony

Donald Trump Wishes Ex-FBI Boss 'Luck' For Blockbuster Testimony

It was not immediately clear when the conversation occurred. Justice Department spokesperson Sarah Isgur Flores declined to comment on the ABC News report. But Trump is continuing to stew over the Russia allegations and the lack of a robust operation to defend him from the constant barrage, recently cutting into a largely positive phone conversation to begin griping about the latest allegations that prompted the Federal Bureau of Investigation to examine Kushner's contacts with Russian ... Read More

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Carroll says Kaepernick a starter, just not with Seahawks

Carroll says Kaepernick a starter, just not with Seahawks

On Monday, before Davis signed , Seahawks top wide receiver Doug Baldwin was asked on Sirius XM satellite radio how Kaepernick would be received in Seattle's locker if he were to be the backup QB. "I know that our locker room is different". "We have a starter". "I think it's simple". "But I think that's really minor". While Seattle has seemed the most logical destination - from its style of offence to the outspokenness of its locker room - Kaepernick won't be signing with the Seahawks ... Read More

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Comey Expected to Refute Trump

Comey Expected to Refute Trump

Ousted FBI Director James Comey is set to speak publicly before Congress on Thursday for the first time since President Donald Trump fired him last month. "If there's ever a day for him to get his hands tied behind his back, that's the day", a Republican close to the White House said. The dismissal - a stunning move by any measure - came as the Federal Bureau of Investigation probes possible collusion between his campaign team and Russian Federation, which USA intelligence agencies ... Read More

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Apple Inc. (NASDAQ:AAPL) Integrates New Feature Into Apple Pay

The technology will be available later this year. Apple will integrate the new feature into iMessage as an app, which will basically allow you to request payment with your contact with a single tap. The feature, which will be built into iMessage as an app, is similar to Venmo , the PayPal-owned payments app. The payments commonly known as peer-to-peer payments have a large market and they are growing by the day according to Forrester Research . Read More

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Berks lawmakers react to CBO report on health care plan

Berks lawmakers react to CBO report on health care plan

And some would see overall healthcare costs go up by even "thousands of dollars" for the so-called essential benefits, according to the news network. Sen. The Congressional Budget Office (CBO ) recently projected that the revised legislation would result in 23 million more uninsured Americans over a decade (2017-2026) but would cut the deficit by $119 billion. Read More

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Source says Comey Told Boss About Trump Worries

I said I have not had a discussion with him on the question. Analysts who have studied Comey's career expect he will tell the tale in a way that draws clear moral lines through what might otherwise be murky legal matters. Trump's successful presidential bid, according to the group. Bars in the District of Columbia are about to do the most D.C. thing imaginable-host watch parties for patrons to see James Comey's testimony on Capitol Hill. Read More

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Mickey Drexler is stepping down as J.Crew's CEO

Mickey Drexler is stepping down as J.Crew's CEO

After several years of falling sales, plateauing popularity, steep pricing, and product misfires, the retailer's private equity owners, TPG Capital and Leonard Green & Partners, have lost patience. Prior to that role, he worked at Urban Outfitters , Anthropologie and J.C. Penney . U.S. fashion brand J.Crew has announced its long-standing chief executive Mickey Drexler is to step down. Read More

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Djokovic and Nadal matches postponed because of rain

The men's quarterfinals involving Rafael Nadal and Novak Djokovic that had been scheduled for Tuesday were postponed until Wednesday. "I knew", the 47th-ranked Ostapenko said, "I had to be aggressive all match ". Thiem lost finals to Nadal in Barcelona and Madrid before enjoying victory over the Spanish player in the Rome Masters quarter-finals. Expect Murray to come through in four sets. Read More

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Penn State, State College Leaders Express Support for Paris Climate Agreement

Climate Alliance "reinforces the historic executive action the Governor took last month when he made Virginia the first state in the Trump era to cap carbon emissions". "I think we're all committed to doing what we can for the environment in whatever way we can", he said of his colleagues. Ben Cardin, D-Md., tweeted Monday that he, Baltimore Mayor Catherine Pugh and Attorney General Brian Frosh will also uphold the Paris climate accord . Read More

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