Markets


Microsoft to make big Surface announcement in Shanghai on May 23
- May 05, 2017

Music streaming service Spotify recently announced it would kill update support for its Windows 10 Mobile app. Spotify will be available for the newly announced Windows 10 S operating system, which incidentally is being rumoured to work only with Windows Store apps. (more...)
New Elon poll shows Trump support declining in NC after 100 days
- May 05, 2017

Forty-nine percent of North Carolina voters polled said Trump is doing a worse job as president than President Obama, while 39 percent say he is doing better. Real Clear Politics, which tracks national polls from media outlets, universities and national polling firms, says Trump's disapproval rating on average is almost 11 points higher than his approval rating. (more...)
USA officers who shot black man will not face charges
- May 05, 2017

Two attorneys for the Sterling family also told CNN on Tuesday evening they have not heard from the Justice Department on a decision in the case in which two white police officers were involved in the shooting while trying to detain Sterling. (more...)
SHOTS FIRED: At Least One Dallas Firefighter Wounded, Say Police
- May 05, 2017

A firefighter was in critical but stable condition at Baylor University Medical Center after he was shot while treating a civilian with a gunshot wound. Chief Pughes said an officer took the paramedic to the hospital in his squad vehicle. The sergeant drove the injured paramedic in his squad auto to Baylor University Medical Center, where the paramedic underwent surgery, according to the Washington Post . (more...)
Puerto Rico turns to courts for debt protection Puerto Rico turns to courts for debt protection
- May 05, 2017

Gov. Ricardo Rossello triggered a bankruptcy-like process by declaring Puerto Rico could not agree to big cuts in spending and new taxes demanded by bondholders. In June 2016, Congress passed a law, PROMESA, that created a special oversight board to tackle Puerto Rico's debt problem. "This debt is years in the making". (more...)
First quarter GDP shows sharp slowdown in economic growth First quarter GDP shows sharp slowdown in economic growth
- May 05, 2017

President Trump made a pledge to raise growth to 4%. Gross domestic product increased at a 0.7 per cent annual rate also as the government further cut defence spending, the Commerce Department said on Friday in its advance estimate. Private inventory investment subtracted 0.93 percentage point from the growth in the quarter, compared to a contribution of 1.01 percentage points to the growth in the previous quarter, said the Commerce Department. (more...)
Russia Exceeds Assigned Quota For Production Cut Russia Exceeds Assigned Quota For Production Cut
- May 05, 2017

Total volume traded was about 43% above the 100-day average. And many analysts , including Jayesh Mehta, country-treasurer at Bank of America Merrill Lynch, do not expect oil prices to go up in a hurry. In Sydney, Woodside Petroleum lost more than two percent, Santos sank 2.6 percent and miner Rio Tinto lost 1.7 percent, with tumbling metals prices also acting as a drag. (more...)
Prison escape leaves one deputy dead, another injured Prison escape leaves one deputy dead, another injured
- May 05, 2017

Correa-Carmenaty then stole the jail transport van and drove it out through a garage door. Then in a neighborhood about two miles away, Correa-Carmenaty took a woman's auto at gunpoint and drove to Omaha where he dropped her off at a liquor store. (more...)
Energy shares lead Asian stock losses as oil falls under $45 Energy shares lead Asian stock losses as oil falls under $45
- May 05, 2017

According to Reuters , Oil value rebounded from near 2017 lows this morning as preliminary data displayed a larger-than-expected drop in USA crude stocks, revitalizing bullish sentiment about oversupply. USA crude imports fell last week by 34,000 barrels per day. Opec is scheduled to meet on May 25 to decide whether to extend the cuts. Data released on Tuesday indicated U.S. (more...)
Tesla 1Q loss widens on higher spending ahead of Model 3
- May 05, 2017

It is also planning a Model Y small SUV in late 2019 or 2020. Musk voiced confidence in February that Tesla electric vehicle production would climb to 500,000 next year. Tesla also reiterated plans to "at least" double the number of charging stations. That includes plans for 100 more retail, delivery and service locations globally as well as opening Tesla's first body fix shops. (more...)
OPEC Output Falls But Compliance Weakens
- May 05, 2017

USA crude stocks fell last week, and both gasoline and distillate inventories also dropped, data from industry group the American Petroleum Institute (API ) showed on Tuesday. (1743 GMT) Brent was down $2.33, or 4.6 percent, at $48.43. Benchmark Brent crude LCOc1 was up 35 cents at $50.81 a barrel at 1010 GMT. Even (Taiwan OTC: 6436.TWO - news ) so, McGillian said, "We still have a near record overhang and signs of increasing production in areas of the world outside the producers ... (more...)
Oil stockpiles slip to five-year average if OPEC extends cuts: BP
- May 05, 2017

The Organization of the Petroleum Exporting Countries, together with major rivals such as Russian Federation and Oman, announced on November 30 that they would cut oil output for the first six months of this year to eat into a vast global overhang of unused crude. (more...)
Unusual Volume Spikes For: New York Community Bancorp Inc. (NYCB) Unusual Volume Spikes For: New York Community Bancorp Inc. (NYCB)
- May 05, 2017

FBR Capital maintained New York Community Bancorp, Inc . The firm has "Equal-Weight" rating given on Wednesday, December 21 by Morgan Stanley. (NYCB) where 1 analyst have rated the stock as Strong Buy, 1 analysts said it's a Buy, 10 rated the stock as Hold, 3 analysts reported Underperform and 0 analysts gave their recommendations as Sell. (more...)
Holly Energy Partners, L.P. (HEP) Receives Hold Rating from Scotiabank Holly Energy Partners, L.P. (HEP) Receives Hold Rating from Scotiabank
- May 05, 2017

About 963,038 shares traded. Kite Pharma Inc (NASDAQ:KITE) has risen 35.51% since September 27, 2016 and is uptrending. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys sold 30,532 shares as Enbridge Energy Partners LP ( EEP)'s stock rose 1.19%. (more...)
Johnson guarded on Wells Fargo hopes Johnson guarded on Wells Fargo hopes
- May 05, 2017

World number one Dustin Johnson returns to competitive action at this week's Wells Fargo Championship needing a win to join an elite group that includes some of the game's greatest players. The few times he did, Johnson missed the putts. "No one's beaten me since February", a grinning Johnson, who grew up in nearby SC, told a news conference on Wednesday. (more...)
Former warlord joins Afghan president in call for peace Former warlord joins Afghan president in call for peace
- May 05, 2017

The agreement also provided for "sustainable and dignified repatriation" of families of Hizb-e-Islami members and the release of rebels who are in prison but have been not charged with any crime. Abdullah responded by defending the unity government, saying it was created under "special circumstances". The Taliban forced Hekmatyar out of Kabul in 1996. (more...)
Tesla Model 3 on track
- May 05, 2017

The Model 3 remains on schedule for output to start in July, Tesla said Wednesday as it reported first-quarter earnings results in a letter to shareholders. In response to an analyst's question, he said he thought most reservation holders will get some amount of the $7,500 federal electric vehicle tax credit, which begins phasing out when a maker reaches 200,000 total sales. (more...)
Puerto Rico requests bankruptcy protection for public debt
- May 05, 2017

While the Caribbean Island and MoTown share comparable histories of economic malaise, ballooning debt and fiscal mismanagement at the heart of their distress, several important differences distinguish the two proceedings. Puerto Rico owes more than $70 billion in bond debt and has almost $50 billion in pension liabilities as a effect of a more than decade-long recession. (more...)
HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B HSBC 1Q pretax adjusted profit rises 12 percent to $5.9B
- May 05, 2017

Last month, Standard Chartered posted first quarter pre-tax profits of US$990 million, up 94 per cent, while Bank of China Hong Kong's pre-tax profits before impairments were up 22 per cent year on year for the quarter. Mr Gulliver said in Thursday's statement that 2017 would see the completion of strategic measures announced in 2015, including the removal of low-return risky assets. (more...)
Investors Catching Stocks Frontier Communications Corporation (FTR) Investors Catching Stocks Frontier Communications Corporation (FTR)
- May 05, 2017

And TEL has Average True Range for 14 days of 1.27. The RSI oscillates between zero and 100. For stochastics, readings below 20 are considered oversold and you would only take buy signals if the indicator is below that level. The business had revenue of $2.36 billion for the quarter, compared to the consensus estimate of $2.34 billion. The rating was downgraded by Wells Fargo on Wednesday, November 2 to "Market Perform". (more...)

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